1、When: where:Why: How:Background Information:News Lead:3. Who:4. Who:-1 2- 3-Background Info:1. 2.5. task1The Federal Reserve 美联储 the Joint Economic Committee of Congress (参众两院)联合经济委员会The Federal Open Market Committee(FOMC)联邦公开市场委员会thirty-year home loans 30年期住房贷款 interest-only loans只付息贷款housing bubbl
2、e楼市泡沫 financial bubble金融泡沫inflated adj.膨胀的;充气的;夸张的 financing n.融资Directions: Listen to the VOA Special English news twice and complete the following sentences.1. According to _, the US economy is _ and a nationwide housing bubble _ even though house prices are _.2. In his report to the Joint Economi
3、c Committee of Congress. Greenspan suggested that the central bank _.3.Since June 2004, the Federal Open Market Committee has _, each time by _. But long-term interest rates are still _ Rates for thirty-year home loans are _. 4. Low long-term interest rates has given rise to a _, which may, in turn,
4、 trigger a _.5.Greenspan is optimistic about _ but he is worried about _, saying it will _.Task2. Words & Phrasesheat up 加热;变得严峻 hedge funds 对冲基金 Bear Stearns 贝尔.斯登 collapse v. 崩溃;瓦解;暴跌 mortgage n.按揭;抵押 subprime mortgage 次级抵押贷款mortgage-backed securities (MBS)按揭证券; 住房抵押贷款证券 the Government National Mo
5、rtgage Association美国政府国民抵押贷款协会Ginnie Mae 金利美 Fannie Mae (美国) 房利美Freddie Mac房地美 Lehman Brothers 雷曼兄弟process vt.加工;处理,办理;用电脑处理 raise money筹集资金 spread v.伸展;蔓延;散布;分散Directions:Listen to another VOA Special English news twice and complete the sentences based on what you hear. 1. In USA _ has cooled while
6、 _have heated up.2. Last month, _ nearly collapsed because of _.3. Home ownership rates in US has risen _ because of _ _. But now subprime borrowers, people _, now find it hard to _ when interest rates have risen.4. On one hand subprime lenders often depend on _ and then relend it to _ for _ because
7、 more likely these borrowers_ _ . On the other hand, subprime lenders sell _ to _, who, in turn, group together _ and resell them to _ as _. The higher_, the higher _.5. Ginnie Mae, Fannie Mae and Freddie Mac have produced _. Lehman Brothers, a major investment bank, processed _ last year. 6. By sel
8、ling _ mortgage lenders can_ for more profits. But doing so may invite troubles for them because it may actually_, against their wish to _.Section III. Active Listening Task 1. Words &address vt.讲话;致辞;着手解决 layman n. 外行eventually ad.最后 ultimately ad.最终credit history 信用记录 recession n. 后退;衰退;不景气;停业surv
9、ive vi. 幸存; 逃生 vt.幸免于 turmoil n. 骚动;混乱steep adj.陡峭的 approve vt. 批准buy out 1.购买(某人的)产权或全部货物 2.买通某人使放弃地位/股份financial institution 金融机构 skeptical adj.怀疑的,有疑虑的set aside .留出,拨出;不顾;不理会 Secretary of the Treasury 财政部长rescue package一揽子救援计划 bail-out plan救助计划over-extended 过度扩张的 bill n. 账单;法令,法案hard earned 来之不易的
10、;辛苦挣来的 utilize vt. 利用reckless .adj.不计后果的;鲁莽的 strategy n.战略 with regard to关于;考虑到 consequence n. 后果presidential candidates 总统候选人 legislature n. 立法机关;议会approach vt.接近;着手解决 bipartisan adj. 两个政党的joint n.关节 adj.联合的 statement n. 声明;表述catastrophe n.灾难 ailing adj.不健康的 Listen to the VOA news three times and t
11、ell whether the following statements are true or false according to what you hear.( ) 1. President Bush warns that US will step into a serious financial crisis unless something is done very soon.( ) 2. In his evening address, Bush tried to connect the financial crisis with Lehman Brothers.( ) 3. Bus
12、h believed the Wall Street crisis was likely to affect everyone.( ) 4. Bush was sure that US could never escape a long and painful recession with businessesclosed and people unemployed.( ) 5. Bush has told contradictory stories about the US economic conditions.( ) 6. Bush was greatly confident of th
13、e financial systems robust recovery from the crisis.( ) 7. US will have to pay a high price for the rescue of the troubled economy.( ) 8. By Bushs bailout plan, $700 billions will be set aside to buy out the bad debt and majorfinancial institutions( ) 9. Many lawmakers dont approve of bailing out th
14、ose over-extended financial institutionswith the $700 billions.( ) 10. A congressman criticized the government for helping the private companies who soughthigher returns despite high risks and thus putting US in danger.Task 2. Words &downturn n.下降;低迷;衰退 cut back on 削减modest adj. 不太大(多)的;适度的 back-to-
15、back adj. 紧接的;背靠背的quarterly adj.季度的 negative adj. 否定的;消极的;负的weighted vt. 加重量于,使变重 stimulate vt.刺激budget deficit 预算赤字 fiscal adj. 财政的;会计的 Listen to news clip for three times and complete the following statements according to what you hear.1.US economy is suffering _. 2. In the third quarter 2008, US
16、economy _ by _. In the fourth quarter 2008, US economy actually _ by _ , better than _expected by some analysts. It was the first time for US economy to _ since 2001. Overall, US economy _by_ in 2008. In 2009 US economy will _by_.3. In 2008, _ were laid off, with _ losing jobs in December alone. The
17、 pace of layoffs is _ and is causing _.4. Currently the governments budget deficit is _ while interest rates are _. Obamas stimulus program will depend more on _. Task 3. Words &project vt.规划;投射;预测 decelerate v.(使)减速emerging economy 新兴经济体 significant economy 主要经济体outright adj. 全部的;彻底的 dramatic adj.戏
18、剧的;引人注目的;剧烈的plummet n.铅垂v. 垂直落下;暴跌 duration n.持续时间ease v. 减轻;缓和 applaud vt. 鼓掌;喝彩;赞成appropriate adj. 恰当的 Listen to a news clip and match the items in Column A with the appropriate items in Column B.Column A Column B1. major economies decline sharply by 75% in just four months2. emerging economies tu
19、rn into a recession unexpectedly3. slow growth make timely recovery policies and fiscal stimulus4. oil price linger in a recession with a 1.5% decline5. unemployment rate experience a lower growth than before6. U.S. authorities run as high as 25% during the Great DepressionTask 4. Dictation Listen to the clip four times and put it down as you hear exactly. _
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