NPR 2010-04-17

Air travel in Europe is described as the worst since 9/11. More airports across the continent are shutting down because the huge cloud of ash from Iceland’s volcanic¹ eruption² is spreading. NPR’s Eric Westervelt says Germany is among the latest to expand its airport closures.

 

German authorities today have stopped flights to most of the country’s 16 international airports including Frankfurt, Germany’s busiest airport and a key hub in Europe. Traffic was also stopped at airports in Berlin, Dusseldorf, Hamburg and Cologne. Germany’s air traffic controllers say the airspace over much of northern and western Germany will remain closed today. They added that flights have been so disrupted across Europe that it’s hard to say when air travel will get back to normal. Eric Westervelt , NPR News, Berlin.

 

NPR’s Rob Gifford is in the thick of it. He and his wife have been traveling back from Shanghai to London, but they’re stuck in Lyon, France where he and many others are trying to board the Eurostar train since flights are off-limits.

 

Any one who’s trying to get to Britain is converging³ on Lyon, the town where I am now, to try and get on to the Eurostar train. And Eurostar that go underneath⁴ the English Channel, they’ve laid on extra train to try and take the capacity, but there’s a long backlog⁵ and the tickets are very difficult to come by. NPR’s Rob Gifford in Lyon, northern France.

 

The investment bank, Goldman Sachs, is charged with fraud over the way it marketed a mortgage-backed financial product to investors⁶. From member station WNYC in New York, Eleanor Marriott reports.

 

The SEC says Goldman failed to inform customers about the true origin of the Collateralized Debt Obligation (CDO) they were purchasing, specifically the fact that this instrument had been created at the request of an outside hedge fund, Paulson & Co., and that Paulson had deliberately⁸ chosen risky⁹ mortgages for collateral⁷. SEC Director of Enforcement Robert Khuzami says Paulson then shorted it or bet against the CDO, and its value quickly deteriorated¹⁰.

 

“As a result, investors in the CDO lost approximately one billion dollars and Paulson’s positions yielded a profit of approximately same amount.”

 

A Goldman vice¹¹ president is also charged in the complaint, but Paulson & Co. is not facing SEC action. Goldman Sachs says it will fight the charges. For NPR News, I’m Eleanor Marriott.

 

In a related issue, President Obama is pledging to veto a financial overhaul¹² bill, if it does not regulate the derivatives¹³ market.

 

“The devastating¹⁴ recession that we just went through offered a very painful lesson in what happens when we don’t have adequate accountability and transparency and consumer protection.”

 

Congress is considering a bill that for the first time regulates derivatives which are complex financial tools, such as mortgage-backed securities.

 

On news about Goldman Sachs, stocks continue to decline. Dow’s down nearly 120.

 

This is NPR News.

 

A U.N. commission into the 2007 assassination¹⁵ of former Pakistan Prime Minister Benazir Bhutto issued a withering¹⁶ report condemning¹⁷ the then government of General Pervez Musharraf for failing to protect her or vigorously investigate her killing¹⁸. From Islamabad, NPR’s Julie McCarthy has details.

 

A three-member U.N. commission was charged with investigating the assassination of Pakistan’s popular leader as she was on the verge¹⁹ of a political comeback. Their report called the security arrangements for Bhutto “fatally insufficient”. Bhutto was vocal²⁰ about the dangers that al-Qaeda and the Taliban posed to Pakistan, and the militants²¹ had a motive²² to remove her from the scene. The government’s announcement to 24 hours after her killing that militants have done it was that the commission not only premature²³ but prejudiced any further investigation²⁴. The U.N. report found that the performance of the police lacked both independence and the political will to find the truth. The crime scene had been hosed down within hours of Bhutto’s murder. Washing away evidence of the UN report said was deliberate. The investigators²⁵ also said intelligence agencies and other government officials had hampered²⁶ the U.N.’s own probe. Julie McCarthy, NPR News, Islamabad.

 

The spreading ash cloud from Iceland’s volcanic eruption this week is complicating²⁷ matters in Poland where President Lech Kaczynski’s state funeral is scheduled for Sunday. His family insist the funeral will move forward as planned, but the airport where world leaders are supposed to arrive on Sunday that is closed because of dangers posed by the volcanic ash. President Kaczynski and many of Poland’s top civilian²⁸ and defense²⁹ chiefs were among 95 people killed in a plane crash last week.

 

1 volcanic   

adj.火山的；象火山的；由火山引起的

参考例句：

• There have been several volcanic eruptions this year.今年火山爆发了好几次。
• Volcanic activity has created thermal springs and boiling mud pools.火山活动产生了温泉和沸腾的泥浆池。

2 eruption   

n.火山爆发；（战争等）爆发；（疾病等）发作

参考例句：

• The temple was destroyed in the violent eruption of 1470 BC.庙宇在公元前1470年猛烈的火山爆发中摧毁了。
• The eruption of a volcano is spontaneous.火山的爆发是自发的。

3 converging   

adj.收敛[缩]的，会聚的，趋同的v.（线条、运动的物体等）会于一点( converge的现在分词 )；（趋于）相似或相同；人或车辆汇集；聚集

参考例句：

• Plants had gradually evolved along diverging and converging pathways. 植物是沿着趋异和趋同两种途径逐渐演化的。 来自辞典例句
• This very slowly converging series was known to Leibniz in 1674. 这个收敛很慢的级数是莱布尼茨在1674年得到的。 来自辞典例句

4 underneath   

adj.在...下面，在...底下；adv.在下面

参考例句：

• Working underneath the car is always a messy job.在汽车底下工作是件脏活。
• She wore a coat with a dress underneath.她穿着一件大衣，里面套着一条连衣裙。

5 backlog   

n.积压未办之事

参考例句：

• It will take a month to clear the backlog of work.要花一个月的时间才能清理完积压的工作。
• Investment is needed to reduce the backlog of repairs.需要投资来減轻积压的维修工作。

6 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

7 collateral   

adj.平行的；旁系的；n.担保品

参考例句：

• Many people use personal assets as collateral for small business loans.很多人把个人财产用作小额商业贷款的抵押品。
• Most people here cannot borrow from banks because they lack collateral.由于拿不出东西作为抵押，这里大部分人无法从银行贷款。

8 deliberately   

adv.审慎地；蓄意地；故意地

参考例句：

• The girl gave the show away deliberately.女孩故意泄露秘密。
• They deliberately shifted off the argument.他们故意回避这个论点。

9 risky   

adj.有风险的，冒险的

参考例句：

• It may be risky but we will chance it anyhow.这可能有危险，但我们无论如何要冒一冒险。
• He is well aware how risky this investment is.他心里对这项投资的风险十分清楚。

10 deteriorated   

恶化，变坏( deteriorate的过去式和过去分词 )

参考例句：

• Her health deteriorated rapidly, and she died shortly afterwards. 她的健康状况急剧恶化，不久便去世了。
• His condition steadily deteriorated. 他的病情恶化，日甚一日。

11 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

12 overhaul   

v./n.大修，仔细检查

参考例句：

• Master Worker Wang is responsible for the overhaul of this grinder.王师傅主修这台磨床。
• It is generally appreciated that the rail network needs a complete overhaul.众所周知，铁路系统需要大检修。

13 derivatives   

n.衍生性金融商品；派生物，引出物( derivative的名词复数 )；导数

参考例句：

• Many English words are derivatives of Latin words. 许多英语词来自拉丁语。 来自《简明英汉词典》
• These compounds are nitrosohydroxylamine derivatives. 这类合成物是亚硝基羟胺衍生物。 来自辞典例句

14 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。

15 assassination   

n.暗杀；暗杀事件

参考例句：

• The assassination of the president brought matters to a head.总统遭暗杀使事态到了严重关头。
• Lincoln's assassination in 1865 shocked the whole nation.1865年，林肯遇刺事件震惊全美国。

16 withering   

使人畏缩的，使人害羞的，使人难堪的

参考例句：

• She gave him a withering look. 她极其蔑视地看了他一眼。
• The grass is gradually dried-up and withering and pallen leaves. 草渐渐干枯、枯萎并落叶。

17 condemning   

v.（通常因道义上的原因而）谴责( condemn的现在分词 )；宣判；宣布…不能使用；迫使…陷于不幸的境地

参考例句：

• The government issued a statement condemning the killings. 政府发表声明谴责这些凶杀事件。
• I concur with the speaker in condemning what has been done. 我同意发言者对所做的事加以谴责。 来自《现代英汉综合大词典》

18 killing   

n.巨额利润；突然赚大钱，发大财

参考例句：

• Investors are set to make a killing from the sell-off.投资者准备清仓以便大赚一笔。
• Last week my brother made a killing on Wall Street.上个周我兄弟在华尔街赚了一大笔。

19 verge   

n.边，边缘；v.接近，濒临

参考例句：

• The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
• She was on the verge of bursting into tears.她快要哭出来了。

20 vocal   

adj.直言不讳的；嗓音的；n.[pl.]声乐节目

参考例句：

• The tongue is a vocal organ.舌头是一个发音器官。
• Public opinion at last became vocal.终于舆论哗然。

21 militants   

激进分子，好斗分子( militant的名词复数 )

参考例句：

• The militants have been sporadically fighting the government for years. 几年来，反叛分子一直对政府实施零星的战斗。
• Despite the onslaught, Palestinian militants managed to fire off rockets. 尽管如此，巴勒斯坦的激进分子仍然发射导弹。

22 motive   

n.动机，目的；adv.发动的，运动的

参考例句：

• The police could not find a motive for the murder.警察不能找到谋杀的动机。
• He had some motive in telling this fable.他讲这寓言故事是有用意的。

23 premature   

adj.比预期时间早的；不成熟的，仓促的

参考例句：

• It is yet premature to predict the possible outcome of the dialogue.预言这次对话可能有什么结果为时尚早。
• The premature baby is doing well.那个早产的婴儿很健康。

24 investigation   

n.调查，调查研究

参考例句：

• In an investigation,a new fact became known, which told against him.在调查中新发现了一件对他不利的事实。
• He drew the conclusion by building on his own investigation.他根据自己的调查研究作出结论。

25 investigators   

n.调查者，审查者( investigator的名词复数 )

参考例句：

• This memo could be the smoking gun that investigators have been looking for. 这份备忘录可能是调查人员一直在寻找的证据。
• The team consisted of six investigators and two secretaries. 这个团队由六个调查人员和两个秘书组成。 来自《简明英汉词典》

26 hampered   

妨碍，束缚，限制( hamper的过去式和过去分词 )

参考例句：

• The search was hampered by appalling weather conditions. 恶劣的天气妨碍了搜寻工作。
• So thought every harassed, hampered, respectable boy in St. Petersburg. 圣彼德堡镇的那些受折磨、受拘束的体面孩子们个个都是这么想的。

27 complicating   

使复杂化( complicate的现在分词 )

参考例句：

• High spiking fever with chills is suggestive of a complicating pylephlebitis. 伴有寒战的高热，暗示合并门静脉炎。
• In America these actions become executive puberty rites, complicating relationships that are already complicated enough. 在美国，这些行动成了行政青春期的惯例，使本来已经够复杂的关系变得更复杂了。

28 civilian   

adj.平民的，民用的，民众的

参考例句：

• There is no reliable information about civilian casualties.关于平民的伤亡还没有确凿的信息。
• He resigned his commission to take up a civilian job.他辞去军职而从事平民工作。

29 defense   

n.防御，保卫；[pl.]防务工事；辩护，答辩

参考例句：

• The accused has the right to defense.被告人有权获得辩护。
• The war has impacted the area with military and defense workers.战争使那个地区挤满了军队和防御工程人员。