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To finance news now, and the US Federal Reserve Chairman Ben Bernanke says the country's economic recovery is close to faltering1. Appearing before a congressional committee, Mr Bernanke said he could understand frustration2 with the slow recovery.
"Very generally, I think people are quite unhappy with the state of the economy and what's happening. They blame, with some justification3, the problems in the financial sector4 for getting us into this mess, and they are dissatisfied with the policy response here in Washington. And at some level, I can't blame them. Certainly, 9% unemployment and very slow growth is not a very good situation. That's what they are protesting."
Ben Bernanke there
Let’s look at the markets, the Dow had a bit of the final-hour surge--it closed up 153 points. The NASDAQ is up 69; the S&P500 rose three. And across in London, the FTSE closed 131 points lower.
Checking commodity prices, West Texas Crude is trading at 75 US dollars and 41 cents a barrel. Tapis crude is at 113 US dollars and 79 cents a barrel. And gold this morning is trading at 1,613 dollars and 94 cents an ounce. The Australian dollar is buying 95 US cents, 71 euro cents and 61 pence sterling5.
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1 faltering | |
犹豫的,支吾的,蹒跚的 | |
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2 frustration | |
n.挫折,失败,失效,落空 | |
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3 justification | |
n.正当的理由;辩解的理由 | |
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4 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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5 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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