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First up, US unemployment and job numbers. Government usually releases this info on the first Friday of every month. It's important because it can indicate how the economy doing. The latest numbers are mixed bag, on one hand, the unemployment rate take down one tenth of percent on its point, to 6.6 point in Jan. It's lowest since 5 years. But it only measures people who actively1 looking for jobs. Many Americans have given up. The economics added 113,000 jobs in Jan. Economist2 called that weak, they were expecting for 178,000.
The US national debit3 is 13.3 trillion dollars and counting, it's the highest level in any country in the world. The debt limit or ceiling was created during World War One, it was intended to limit how much government spent. But congress has always raised it when it hit. How we hit again. That' what congress expect to do again.
It's back in town, the debt limit circus. But the juggling4 is the convention kind you might find big top, this juggling uses special accounting5 rules and billions dollars. Treasury6 Secretary Jacob Lew has some experience in juggling in fact, he is a pretty good juggler7 after all. He had to do this last fall, but like the movie Groundhog Day, we were back to the same place. Effectively the treasury can't borrow more money to run the country, because we reach the legal debt limit. That's right, to run the country we have to borrow some money to do everything we promised. Lew now has to use accounting trick to keep US solvent8, but it can't do it very long, its already warned but if the deal isn't done by the end of the month, American risks a default on some of its obligations. The smart money that congress comes up to deal next few weeks, that we avoid a market meltdown, a global panic, sparking interest rates. House keeper John already saying it even getting close to the default isn't option this time, in after last fall government shut down republican and democratic seem don't have much stomach for a standoff, so the juggling has begun for now and investors9 can watch Jack10 Lew pull off more daring moves by time to keep US fiscal11 free fall until congress get budget deal, but it needs a deal soon.
The Obama administration is taking another step to support same sex marriage, its spending how the government recognizes it. What this means? Same sex couples will get the same federal benefit as hetero sex couples do, wherever US government has jurisdiction12, so this will apply in court cases, prison visitations when it comes to spouse13 benefit when a police officer or fire fighter killed on the job. It does not legalize same sex marriage in all 50 states, currently 17 states allow that. But it means same sex couples who get married in the states where easily go will get government benefit even if they leaving in the states where its not. US attorney general says it will change countless14 lives in same sex couples for the better. Some critics say the government is going too far, the national organization of marriage says it undermines the authority of states to make their own decisions about how marriage handled under law.
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1 actively | |
adv.积极地,勤奋地 | |
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2 economist | |
n.经济学家,经济专家,节俭的人 | |
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3 debit | |
n.借方,借项,记人借方的款项 | |
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4 juggling | |
n. 欺骗, 杂耍(=jugglery) adj. 欺骗的, 欺诈的 动词juggle的现在分词 | |
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5 accounting | |
n.会计,会计学,借贷对照表 | |
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6 treasury | |
n.宝库;国库,金库;文库 | |
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7 juggler | |
n. 变戏法者, 行骗者 | |
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8 solvent | |
n.溶剂;adj.有偿付能力的 | |
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9 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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10 jack | |
n.插座,千斤顶,男人;v.抬起,提醒,扛举;n.(Jake)杰克 | |
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11 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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12 jurisdiction | |
n.司法权,审判权,管辖权,控制权 | |
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13 spouse | |
n.配偶(指夫或妻) | |
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14 countless | |
adj.无数的,多得不计其数的 | |
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