CNN 美国有线新闻 2014-10-14

 Fridays are awesome¹.this is the ten minutes of commercial free ocurred events known as CNN student news.my name is Corra XX.if you wanna ride a roaler coaster with ups and downs like stock markets have recently,you would be sick.the Dow jones industrial average is exactly that.and the average of 30 significent stocks in the newyork stockage change. so when mesure have a whole stock market is doing,wednesday it jumped,yesterday it dropped,335 points its worst day of the year in points.why? one reason is the european economy.investors² are getting nervous at germany, europ's biggest economy,could slip into a reccession.and when the investors get nervous, they sell stocks.another reason,the fed,its recent moves indicate that it thinks global economic growth may be slowing down.

so we had a phrase that,you know,money make the world go around.but ,you might ask yourself once or twice,ok,well,who makes the money go around.so the answer is the federal recess,or as my friend xx called that the fed.fed is pretty muck unlike any other US institution that i can think of.its run by board governors base in Whashington DC,it has 12 federal reserve bank located around the main banking³ centres of the country. so places by newyork,sanfrancisco,philodelphia, the presidents of these banks and board governors,they need xxx to make big policy decision and to ensure the economy is moving at a stable quick.so congress oversees⁴ fed,but the fed does not really answer to the congress.the fed operates completely independently, because they don't care about politics.all it cares about is basiclly two things.no.1,keeping prices stable,and no.2,trying its best to ensure that everbody who wants a job get one.so if the economy is heating up,it trys to cool things down by raising the cost of borrowing by making it harder to borrow money, and if things getting too cold,it does the opposite.also you consider the think of the fed like a xxx.it doesn't really like things too hot too cold.they want everthing to be just right.as you probably wondering,ok,well,you know,how did the fed works its magic.what is its secret weapon.the answer is intrest rates.so the waves of that get interest rates just that right level about 3 spark,is to buying and selling US treasuries⁵ and other bonds. so when it wants to cool the market down,it sells US treasuries,starts with the cash,and that reduces the money supply.so that makes it harder to borrow money.and that basically slows down economic growth.when it really wants to heat the market up,it essentially⁶ starts buying US treasuries and other bonds.that floods market with cash,and fuels economic growth.so xxx perfect system, but it works at least for now.xxxxx don't fight the fed.

in hongkong, the city's government has called off talks with protesters.and it is not clear what'll happen next in the standoff between these two sides.some background, thousands turned out recent weeks,most of them are students.they blocked access to hongkong's business district. they demanded a greater say in how hongkong's leader is chosen without intervention⁷ from mainland china.hongkong'a current leader was approved by china.he says the outcoming elections will be fair, and his government has called the protests illegal.but it also scheduled talks with protesters,talks the government called off when protest leaders asked supporters to keep the occupations going.

1 awesome   

adj.令人惊叹的，难得吓人的，很好的

参考例句：

• The church in Ireland has always exercised an awesome power.爱尔兰的教堂一直掌握着令人敬畏的权力。
• That new white convertible is totally awesome.那辆新的白色折篷汽车简直棒极了.

2 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

3 banking   

n.银行业，银行学，金融业

参考例句：

• John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
• He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

4 oversees   

v.监督，监视( oversee的第三人称单数 )

参考例句：

• She oversees both the research and the manufacturing departments. 她既监督研究部门又监督生产部门。 来自《简明英汉词典》
• The Department of Education oversees the federal programs dealing with education. 教育部监管处理教育的联邦程序。 来自互联网

5 treasuries   

n.（政府的）财政部( treasury的名词复数 )；国库，金库

参考例句：

• Yields on Treasuries, Bunds and gilts can remain at historically low levels. 美国国债、德国国债和英国国债的收益率仍然可以维持在历史低位。 来自互联网
• Treasuries and gold rose in response but the dollar fell sharply. 接着，国债和黄金的价格上涨，而美元价格则猛跌。 来自互联网

6 essentially   

adv.本质上，实质上，基本上

参考例句：

• Really great men are essentially modest.真正的伟人大都很谦虚。
• She is an essentially selfish person.她本质上是个自私自利的人。

7 intervention   

n.介入，干涉，干预

参考例句：

• The government's intervention in this dispute will not help.政府对这场争论的干预不会起作用。
• Many people felt he would be hostile to the idea of foreign intervention.许多人觉得他会反对外来干预。