Economic Price Tag Rising for Japan Quake

    The economic cost of the worst natural disaster（自然灾害） in Japan's history continues to rise. Experts are saying the devastating¹ combination of earthquake, tsunami² and now - the deepening nuclear crisis, is likely to result in bigger-than-expected financial losses for the world's third largest economy. A week after the nation's worst natural disaster, the threat of a nuclear meltdown is emerging as the biggest threat to the country's economic recovery.
    At the Fukushima Daiichi nuclear plant, water cannons³ spray jets of water to cool overheating nuclear reactors⁴.  But scientists say that's like using a squirt gun to put out a forest fire.
    Market analyst⁵ Will Hedden says uncertainty⁶ over the outcome is driving volatility⁷ in financial markets. "We are still in a state of panic. And we are still not seeing any end in sight to that volatility and a lot of worries persisting over the ongoing⁸ problems in Japan," he said.
    Japanese officials say damage is now likely to cost more than the 1995 earthquake in Kobe that resulted in losses of more than $100 billion.
    "The early estimates from analysts⁹ and economists¹⁰ is $180 billion in damages. Of course the crisis is escalating¹¹.  If you throw in the radiation scare and people from overseas are going to stop coming to Japan, the hit on tourism(旅行) - obviously the number could go up from there," said Nathan Layne, Reuters Tokyo Bureau Chief.
    Adding to worries is damage to the country's power grid¹².  Auto¹³ analyst Paul Newton says rolling power outages have severely¹⁴ crimped factory production, especially in auto plants across the country. "Companies are not producing vehicles simply because of the power outages, not because they're short of components¹⁵ or had their plants devastated¹⁶.  It's really a question, they can't make them, there's no electricity," Newton said.
    But some see light at the end of the tunnel.
    "The difference again between this event and the one in 1995 is that northeastern Japan is not a manufacturing hub of the Japanese economy.  We've seen several factories shut down most notably¹⁷ in the auto industry, rolling power outages to conserve¹⁸ energy - that could also impact exports in the short run but once the reconstruction¹⁹ effort is under way, that could eventually boost the economy," said Nicolas Szechenyi, who heads Japanese studies at the Center for Strategic and International Studies in Washington.
    Japan is expected to finance reconstruction by selling government bonds.
    But experts say that will have long term implications for the future of the world's third largest economy --  increasing the price of Japanese goods and adding to the nation's already high debt load, now roughly.(本文由在线英语听力室整理编辑)

1 devastating   

adj.毁灭性的，令人震惊的，强有力的

参考例句：

• It is the most devastating storm in 20 years.这是20年来破坏性最大的风暴。
• Affairs do have a devastating effect on marriages.婚外情确实会对婚姻造成毁灭性的影响。

2 tsunami   

n.海啸

参考例句：

• Powerful quake sparks tsunami warning in Japan.大地震触发了日本的海啸预警。
• Coastlines all around the Indian Ocean inundated by a huge tsunami.大海啸把印度洋沿岸地区都淹没了。

3 cannons   

n.加农炮，大炮，火炮( cannon的名词复数 )

参考例句：

• Cannons bombarded enemy lines. 大炮轰击了敌军阵地。 来自《简明英汉词典》
• One company had been furnished with six cannons. 某连队装备了六门大炮。 来自《简明英汉词典》

4 reactors   

起反应的人( reactor的名词复数 )； 反应装置； 原子炉； 核反应堆

参考例句：

• The TMI nuclear facility has two reactors. 三哩岛核设施有两个反应堆。 来自英汉非文学 - 环境法 - 环境法
• The earliest production reactors necessarily used normal uranium as fuel. 最早为生产用的反应堆，必须使用普通铀作为燃料。

5 analyst   

n.分析家，化验员；心理分析学家

参考例句：

• What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
• The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。

6 uncertainty   

n.易变，靠不住，不确知，不确定的事物

参考例句：

• Her comments will add to the uncertainty of the situation.她的批评将会使局势更加不稳定。
• After six weeks of uncertainty,the strain was beginning to take its toll.6个星期的忐忑不安后，压力开始产生影响了。

7 volatility   

n.挥发性，挥发度，轻快，（性格）反复无常

参考例句：

• That was one reason why volatility was so low last year.这也是去年波动性如此低的原因之一。
• Yet because volatility remained low for so long,disaster myopia prevailed.然而，由于相当长的时间里波动性小，灾难短视就获胜了。

8 ongoing   

adj.进行中的，前进的

参考例句：

• The problem is ongoing.这个问题尚未解决。
• The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。

9 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

10 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

11 escalating   

v.（使）逐步升级( escalate的现在分词 )；（使）逐步扩大；（使）更高；（使）更大

参考例句：

• The cost of living is escalating. 生活费用在迅速上涨。 来自《简明英汉词典》
• The cost of living is escalating in the country. 这个国家的生活费用在上涨。 来自辞典例句

12 grid   

n.高压输电线路网；地图坐标方格；格栅

参考例句：

• In this application,the carrier is used to encapsulate the grid.在这种情况下，要用载体把格栅密封起来。
• Modern gauges consist of metal foil in the form of a grid.现代应变仪则由网格形式的金属片组成。

13 auto   

n.(=automobile)(口语)汽车

参考例句：

• Don't park your auto here.别把你的汽车停在这儿。
• The auto industry has brought many people to Detroit.汽车工业把许多人吸引到了底特律。

14 severely   

adv.严格地；严厉地；非常恶劣地

参考例句：

• He was severely criticized and removed from his post.他受到了严厉的批评并且被撤了职。
• He is severely put down for his careless work.他因工作上的粗心大意而受到了严厉的批评。

15 components   

（机器、设备等的）构成要素，零件，成分； 成分( component的名词复数 )； [物理化学]组分； [数学]分量； （混合物的）组成部分

参考例句：

• the components of a machine 机器部件
• Our chemistry teacher often reduces a compound to its components in lab. 在实验室中化学老师常把化合物分解为各种成分。

16 devastated   

v.彻底破坏( devastate的过去式和过去分词)；摧毁；毁灭；在感情上（精神上、财务上等）压垮adj.毁坏的；极为震惊的

参考例句：

• The bomb devastated much of the old part of the city. 这颗炸弹炸毁了旧城的一大片地方。
• His family is absolutely devastated. 他的一家感到极为震惊。

17 notably   

adv.值得注意地，显著地，尤其地，特别地

参考例句：

• Many students were absent,notably the monitor.许多学生缺席，特别是连班长也没来。
• A notably short,silver-haired man,he plays basketball with his staff several times a week.他个子明显较为矮小，一头银发，每周都会和他的员工一起打几次篮球。

18 conserve   

vt.保存，保护，节约，节省，守恒，不灭

参考例句：

• He writes on both sides of the sheet to conserve paper.他在纸张的两面都写字以节省用纸。
• Conserve your energy,you'll need it!保存你的精力，你会用得着的！

19 reconstruction   

n.重建，再现，复原

参考例句：

• The country faces a huge task of national reconstruction following the war.战后，该国面临着重建家园的艰巨任务。
• In the period of reconstruction,technique decides everything.在重建时期，技术决定一切。