VOA慢速英语 2009 012a
时间：2019-01-11 作者：英语课 分类：VOA慢速英语2009年（一）月
Lehman Brothers world headquarters in New York on the day the company sought bankruptcy 1 protection
This week, we continue our look back at the major economic stories of the year. On September fifteenth, Lehman Brothers, a one hundred fifty-eight year-old investment bank, sought legal protection from its creditors 2. It had failed to find a buyer after months of searching.
With over six hundred billion dollars in debt, Lehman's failure was the largest bankruptcy in United States history. At the same time, the nation's biggest insurance company, American International Group, had gotten into trouble selling credit default swaps 3. These are contracts similar to insurance that protect the holder 4 against credit risk.
Credit rating agencies downgraded A.I.G. because of concerns it could not honor its contracts. Unable to get new loans, A.I.G. asked for government help. The Federal Reserve agreed to loan A.I.G. eighty-five billion dollars in return for eighty percent of the company. But it was not enough. By November, the government had extended a total of about one hundred fifty billion dollars in aid to A.I.G — the most to any single company during the crisis.
Treasury 5 Secretary Henry Paulson explaining efforts to ease the credit crisis in September
As banks refused to lend, Treasury Secretary Henry Paulson proposed a plan to loosen credit markets by buying risky 6 assets. Congress approved the Emergency Economic Stabilization 7 Act of Two Thousand Eight on October third. The bill provided seven hundred billion dollars to buy hard-to-value securities from banks.
But within weeks, the government changed plans. The Treasury moved to invest two hundred fifty billion dollars directly in banks to help them lend money again.
Lack of credit not only hurt banks but manufacturers, too. Falling car sales threatened America's carmakers. The big three automakers -- General Motors, Ford 8 and Chrysler -- told Congress that they needed loans or they faced bankruptcy. In December, President Bush offered G.M. and Chrysler over seventeen billion dollars in loans.
As the year ended, the Federal Reserve tried to support economic growth by lowering its main interest rate to nearly zero for the first time. But there was one more bad surprise. New York money manager Bernard Madoff admitted he had cheated investors 9 out of fifty billion dollars. The news only added to the sense that two thousand eight was the worst economic year since the nineteen thirties.
And that's the VOA Special English Economics Report, written by Mario Ritter. I'm Steve Ember.
- You will have to pull in if you want to escape bankruptcy.如果你想避免破产，就必须节省开支。
- His firm is just on thin ice of bankruptcy.他的商号正面临破产的危险。
- They agreed to repay their creditors over a period of three years. 他们同意3年内向债主还清欠款。 来自《简明英汉词典》
- Creditors could obtain a writ for the arrest of their debtors. 债权人可以获得逮捕债务人的令状。 来自《简明英汉词典》
- He swaps his old car for a new motorcycle. 他用旧车换了一辆新摩托车。 来自英汉 - 翻译样例 - 口语
- Swaps the anchor and end points of the current selection. 交换当前所选内容的定位点和结束点。
- The holder of the office of chairman is reponsible for arranging meetings.担任主席职位的人负责安排会议。
- That runner is the holder of the world record for the hundred-yard dash.那位运动员是一百码赛跑世界纪录的保持者。
- The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
- This book is a treasury of useful information.这本书是有价值的信息宝库。
- It may be risky but we will chance it anyhow.这可能有危险，但我们无论如何要冒一冒险。
- He is well aware how risky this investment is.他心里对这项投资的风险十分清楚。
- The position of barycentre on plane directly impacts the stabilization and manipulation of plane. 飞机重心位置直接影响飞机的稳定和操纵特性。
- With the higher olefins, stabilization of the energetic intermediates occurs more easily. 在较高的烯烃情况下，高能的中间物稳定作用更易出现。
- They were guarding the bridge,so we forded the river.他们驻守在那座桥上，所以我们只能涉水过河。
- If you decide to ford a stream,be extremely careful.如果已决定要涉过小溪，必须极度小心。