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(单词翻译:双击或拖选)
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We are living through a time of global economic challenges that cannot be met by half measures or the isolated1 efforts of any nation. Now, the leaders of the Group of 20 have a responsibility to take bold, comprehensive and coordinated2 action that not only jump-starts recovery, but also launches a new era of economic engagement to prevent a crisis like this from ever happening again.
No one can deny the urgency of action. A crisis in credit and confidence has swept across borders, with consequences for every corner of the world. For the first time in a generation, the global economy is contracting and trade is shrinking.
Trillions of dollars have been lost, banks have stopped lending, and tens of millions will lose their jobs across the globe. The prosperity of every nation has been endangered, along with the stability of governments and the survival of people in the most vulnerable parts of the world.
Once and for all, we have learned that the success of the American economy is inextricably linked to the global economy. There is no line between action that restores growth within our borders and action that supports it beyond.
If people in other countries cannot spend, markets dry up — already we've seen the biggest drop in American exports in nearly four decades, which has led directly to American job losses. And if we continue to let financial institutions around the world act recklessly and irresponsibly, we will remain trapped in a cycle of bubble and bust3. That is why the upcoming London Summit is directly relevant to our recovery at home.
My message is clear: The United States is ready to lead, and we call upon our partners to join us with a sense of urgency and common purpose. Much good work has been done, but much more remains4.
Our leadership is grounded in a simple premise5: We will act boldly to lift the American economy out of crisis and reform our regulatory structure, and these actions will be strengthened by complementary action abroad. Through our example, the United States can promote a global recovery and build confidence around the world; and if the London Summit helps galvanize collective action, we can forge a secure recovery, and future crises can be averted6.
Our efforts must begin with swift action to stimulate7 growth. Already, the United States has passed the American Recovery and Reinvestment Act — the most dramatic effort to jump-start job creation and lay a foundation for growth in a generation.
Other members of the G-20 have pursued fiscal8 stimulus9 as well, and these efforts should be robust10 and sustained until demand is restored. As we go forward, we should embrace a collective commitment to encourage open trade and investment, while resisting the protectionism that would deepen this crisis.
Second, we must restore the credit that businesses and consumers depend upon. At home, we are working aggressively to stabilize11 our financial system. This includes an honest assessment12 of the balance sheets of our major banks, and will lead directly to lending that can help Americans purchase goods, stay in their homes and grow their businesses.
This must continue to be amplified13 by the actions of our G-20 partners. Together, we can embrace a common framework that insists upon transparency, accountability and a focus on restoring the flow of credit that is the lifeblood of a growing global economy. And the G-20, together with multilateral institutions, can provide trade finance to help lift up exports and create jobs.
1 isolated | |
adj.与世隔绝的 | |
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2 coordinated | |
adj.协调的 | |
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3 bust | |
vt.打破;vi.爆裂;n.半身像;胸部 | |
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4 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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5 premise | |
n.前提;v.提论,预述 | |
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6 averted | |
防止,避免( avert的过去式和过去分词 ); 转移 | |
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7 stimulate | |
vt.刺激,使兴奋;激励,使…振奋 | |
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8 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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9 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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10 robust | |
adj.强壮的,强健的,粗野的,需要体力的,浓的 | |
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11 stabilize | |
vt.(使)稳定,使稳固,使稳定平衡;vi.稳定 | |
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12 assessment | |
n.评价;评估;对财产的估价,被估定的金额 | |
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13 amplified | |
放大,扩大( amplify的过去式和过去分词 ); 增强; 详述 | |
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14 deploy | |
v.(军)散开成战斗队形,布置,展开 | |
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15 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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16 speculation | |
n.思索,沉思;猜测;投机 | |
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17 oversight | |
n.勘漏,失察,疏忽 | |
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18 condemns | |
v.(通常因道义上的原因而)谴责( condemn的第三人称单数 );宣判;宣布…不能使用;迫使…陷于不幸的境地 | |
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19 inevitably | |
adv.不可避免地;必然发生地 | |
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20 mechanism | |
n.机械装置;机构,结构 | |
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21 offshore | |
adj.海面的,吹向海面的;adv.向海面 | |
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22 havens | |
n.港口,安全地方( haven的名词复数 )v.港口,安全地方( haven的第三人称单数 ) | |
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23 laundering | |
n.洗涤(衣等),洗烫(衣等);洗(钱)v.洗(衣服等),洗烫(衣服等)( launder的现在分词 );洗(黑钱)(把非法收入改头换面,变为貌似合法的收入) | |
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24 patchwork | |
n.混杂物;拼缝物 | |
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25 incentives | |
激励某人做某事的事物( incentive的名词复数 ); 刺激; 诱因; 动机 | |
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26 chaotic | |
adj.混沌的,一片混乱的,一团糟的 | |
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27 capitalism | |
n.资本主义 | |
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28 forum | |
n.论坛,讨论会 | |
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