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(单词翻译:双击或拖选)
America's Big Three car companies employ a quarter of a million people directly, but it's believed that one in ten jobs in the US are tied to the industry. Parked at the "Last Chance Saloon" the country's motor manufacturers have been given a 17.4-billion-dollar bailout by George Bush to save them from the scrap1 heap.
"My economic advisers2 believe in such a collapse3 would deal an unacceptably painful blow to hardworking Americans, far beyond the auto4 industry. It would worsen our weak job market and exacerbate5 the financial crisis. It can send our suffering economy into a deeper and longer recession.
But the bailout comes with conditions. The car companies must show they can repay the loans by the end of March next year, proving they're economically viable7. They’ll have to accept limits on salaries and bonuses, and have been told the perks8 such as corporate9 jets must be eliminated. And the US government will have the right to go through their books at any time, challenging their business independence.
Shortly after announcing the bailout, Mr. Bush was on TV once more--This time to accept the traditional portrait given to presidents about to leave office.
"I just expected there would be a good sign as cry on, once the world got out about my hanging.”
He had made it clear he wouldn’t be the one to hang the car industry out to dry, because it would be too late by the time Barack Obama takes over. Mr .Obama described the package as a necessary step. “The auto companies must not squander10 this chance to reform bad management practices and begin a long-term restructuring that is absolutely necessary to save this critical industry and millions of American jobs that depend on it, while also creating the fuel efficient cars of tomorrow.”
Ford11 has said it hopes to get by without government help, but controversially, the government is using part of the pot of 700 billion dollars which was supposed to prop12 up Wall Street instead.
1 scrap | |
n.碎片;废料;v.废弃,报废 | |
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2 advisers | |
顾问,劝告者( adviser的名词复数 ); (指导大学新生学科问题等的)指导教授 | |
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3 collapse | |
vi.累倒;昏倒;倒塌;塌陷 | |
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4 auto | |
n.(=automobile)(口语)汽车 | |
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5 exacerbate | |
v.恶化,增剧,激怒,使加剧 | |
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6 mica | |
n.云母 | |
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7 viable | |
adj.可行的,切实可行的,能活下去的 | |
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8 perks | |
额外津贴,附带福利,外快( perk的名词复数 ) | |
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9 corporate | |
adj.共同的,全体的;公司的,企业的 | |
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10 squander | |
v.浪费,挥霍 | |
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11 Ford | |
n.浅滩,水浅可涉处;v.涉水,涉过 | |
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12 prop | |
vt.支撑;n.支柱,支撑物;支持者,靠山 | |
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