时间:2018-12-18 作者:英语课 分类:儿童英文广播剧在线听


英语课
If you watch the news in Britain or look at a British newspaper at the moment, a term you are more than likely to come across is 'credit crunch 1'. It has become a bit of a buzzword, but what does it mean?
  Well, it's a financial term and it means that people in Britain are feeling the pinch right now. A credit crunch means banks have a shortage of money to loan people, which in turn has an effect on many other things. It's the effect this shortage of money has which is called the credit crunch.
  The beginnings of this problem can be traced back to America, where people with a poor credit history were allowed to take out mortgages, which they were unable to repay.
  Banks often lend money to and borrow money from each other, something we might not have realised they actually do. It was certainly cheaper for banks in America to get money this way, than to borrow money from America's Federal Reserve, their central bank.
  A lot of these loans that people were unable to pay back were sold on to other banks, many of them in the UK.
  As banks did not know the level of debt they were acquiring, they no longer wanted to lend money to or borrow money from other banks. There is now less movement of money between banks and therefore a shortage of available money.
  Banks and other financial institutions have to compensate 2 for this by increasing fees and rates on products such as mortgages, loans and credit cards. Consequently, the average man on the street is affected 3 as it is harder for them to borrow money with these increased rates.
  Britons are also affected because the cost of living continues to rise; food, petrol and utility bills are all on the up and that means they have less money to spend on a day-to-day basis too.
  So many Britons are seeking advice on how to tighten 4 their belts, as it looks like the credit crunch may be around for some time.

GLOSSARY 词汇表
a term
术语,名词
 feeling the pinch
手头拮据,缺钱
 in turn
导致
 mortgages
抵押贷款
 financial institutions
金融机构
 fees
费用
 the average man on the street
一般人,平常人
 petrol
汽油 (英式英语)
 on the up
稳步上升,上涨
 seeking advice
寻求建议
  buzzword
流行词
 a shortage
短缺
 poor credit history
不良贷款历史
 debt
债务
 to compensate
补偿,弥补
 rates
利息
 the cost of living
生活费用
 utility bills
水电费
 on a day-to-day basis
每日,日常
 to tighten their belts
节省开支



1 crunch
n.关键时刻;艰难局面;v.发出碎裂声
  • If it comes to the crunch they'll support us.关键时刻他们是会支持我们的。
  • People who crunch nuts at the movies can be very annoying.看电影时嘎吱作声地嚼干果的人会使人十分讨厌。
2 compensate
vt.补偿,赔偿;酬报 vi.弥补;补偿;抵消
  • She used her good looks to compensate her lack of intelligence. 她利用她漂亮的外表来弥补智力的不足。
  • Nothing can compensate for the loss of one's health. 一个人失去了键康是不可弥补的。
3 affected
adj.不自然的,假装的
  • She showed an affected interest in our subject.她假装对我们的课题感到兴趣。
  • His manners are affected.他的态度不自然。
4 tighten
v.(使)变紧;(使)绷紧
  • Turn the screw to the right to tighten it.向右转动螺钉把它拧紧。
  • Some countries tighten monetary policy to avoid inflation.一些国家实行紧缩银根的货币政策,以避免通货膨胀。
学英语单词
acft
additional document
alar plate
anachitis
anhydrous sodium sulfate
audio-recording
bilithic filter
bowyang
braeden
bulletheads
cellular sheet pile wharf
choosest
chromoneucleoprotein
chrysemys pictas
Consumer Reports
coppice-wood
coral spot
cordierite-anthophyllite rock
crack border
cylic compound
denumerable at infinity
Dictyodrama
Dihydrocoumarone
duncer
error routine address
family Ascaphidae
finger buff
finger-pick
follow feed
football leagues
fuel knock
gabeller
Geneva Bureau
gigabarrels
gished
heavyhanded
homentropic
incestous
incremental pricing
indol(e)amine
indolic
initial free volume
inverse suppressor
jeanbandyite
key schedule
knot-head
light-weight concrete
liquor sauce
longisporin
Lord President of the Court of Session
macro-cracks
magnetic detent
megamonuments
microcosmographic
need it!
nongeriatric
nonzero queue
one's word is as good as one's bond
paediatric psychopharmacology
pareucalanus sewelli
party to a case
penis palmatus
perpendicular susceptibility
pet subject
piscinest
plain snap gauge
plug and chug
plug-finishing bur
poeciloblast
polyimidoylamidine
Posang-ni
proportion of resin present
providers
RAM refresh operation
rauning
reaction control
return flow line
round bordered pit
rug? vaginales
saddle coil magnet
Samut Songkhram, Changwat
Sepyron
Silfiac
spinal lemniscus
stabilizing tester
starting torque in air
static memory interface
stellaria uliginosa murr.var. undulata franch. et sav.
swifterly
sy
the fag end of sth
threofuranoside
tocofersolan
trade identity
transition transient
Triodanis perfoliata
uncarboxylated
under water fittings
unequaladdendum system
venae spinales externae posteriores
William Caxton
willians