1Business:TheFinancialCrisis商业:金融危机2Business:TheFinancialCrisis商业:金融危机StockMarketsTumbleAcrosstheWorld全球股市暴跌Readthetextbelowanddotheactivitythatfollows.阅读下面的短文,然后完成练习:ThereisonlyonestoryintheEuropeanpressthisweek–theturmoilthathasengulfedworldmarkets.Afewweeksagoeveryonewastalkingaboutthecreditcrunch.Thisrathercosytermhasnowbeenreplacedinthepressby‘financialcrisis’,reflectingthebroadeninganddeepeningoftheemergency.AsstockmarketsopenedonMonday,sharesplummetedacrosstheworld.OnTuesday,USstockshittheirlowestlevelsinfiveyears,whileJapan'sNikkeicloseddown952.58points,or9.4%.HongKong'sHangSengindexclosed6.2%lowerandmarketsinAustralia,ChinaandTaiwanallfell.Thesharpdownturninthemarketshascontinueddespitemassivegovernmentinterventionsinthebankingsystem.OnSaturday,theUSCongressfinallypasseda$700bn(4.7trillionYuan)bail-outplan.TheUSgovernmentwillbuythebadmortgagedebtswhichtriggeredthecrisisinexchangeforastakeinthebankstheyrescue.OnMonday,theentireeconomyofIcelandcameprecariouslyclosetobankruptcy.Thegovernmentintroducedemergencylegislationtoallowthemtoeffectivelyrunbanks’operations.TodayitwastheBritishgovernment’sturn,offeringbanksthatareinterestedasliceof£50bn(596billionYuan)inexchangeforastake.Itisalsoofferingloansofupto£250bn(2.98trillionYuan)whichbankscanuseforafee.Bankswon’tlendtooneanotheratthemoment,sothehopeisthatthismeasurewillincreaseliquidity–getmoneyflowingagain.Thisisvitalsincetheripplesofthecreditcrisisarealreadyreachingsmallerbusinesses,whohaveseentheirinterestratesonloansincrease.Consumerconfidenceisalsodown,affectingsalesonthehighstreet.IftheplansworkandbanksintheUKandUSrecover,tax-payersinbothcountriescouldmakeaprofitfromtheirgovernments’interventions.Iftheplansfail,thebankingsystemwillsimplycollapse.Eitherway,weshouldbepreparedforanotherescalationinlanguage,asthe‘financialcrisis’perhapsbecomesa‘severeeconomicrecession’.3Glossary词汇表turmoil-动荡engulfed-吞没/把…卷入旋涡cosy-舒适的/容易的financialcrisis-金融危机plummeted-暴跌stocks-股价downturn-下滑interventions-干预bail-out-应急措施triggered-引发stake-股份/股本precariously-危险的bankruptcy-破产emergencylegislation-紧急立法effectively-实际上ripples-震荡/波及consumerconfidence-消费者信心thehighstreet-商业街,销售行业escalation-加剧recession-萧条1.ReadingQuiz阅读测验Arethesesentencestrueorfalse?Circlethecorrectanswer.以下句子哪句是真?哪句是假?请圈出正确答案。1.Peoplehavestartedtosay‘financialcrisis’becausethecreditcrunchhasgotbetter.True/False2.Governmentinterventionshavehelpedstopworldstocksgoingdown.True/False3.IcelandalmostranoutofmoneyonMonday.True/False4.Tax-payersintheUSandUKcoulddowelloutoftheirgovernments’interventions.True/False5.Evenifthegovernmentrescueplanswork,theremightstillbearecession.True/False42.Nouns,Verbs,AdverbsandAdjectives名词,动词,副词和形容词Lookatthewordsbelowanddecidewhattypeofwordeachoneis.Thentryandguesswhattheotherformofthatwordmightbe.看看下列词语,判断其词性,然后猜猜同一个词的其他形式会是什么。Example:interventions-Thesharpdownturninthemarketshascontinueddespitemassivegovernmentinterventionsinthebankingsystem.(noun/adjective/adverb)Verb:tointervene1.triggered-TheUSgovernmentwillbuythebadmortgagedebtswhichtriggeredthecrisis…(adjective/verb/adverb)Noun:2.escalation-Eitherway,weshouldbepreparedforanotherescalationinlanguage...(noun/adjective/adverb)Verb:3.bankruptcy-OnMonday,theentireeconomyofIcelandcameprecariouslyclosetobankruptcy.(noun/verb/adverb)Adjective:4.precariously-OnMonday,theentireeconomyofIcelandcameprecariouslyclosetobankruptcy.(noun/verb/adverb)Adjective:5.ripples-Thisisvitalsincetheripplesofthecreditcrisisarealreadyreachingsmallerbusinesses…(noun/adjective/adverb)Verb:53.FillintheGaps填空Usingtheverbs,adjectivesandadverbsfromExercise2,fillintheblanksbelow.Youwillhavetodecideontherightformofthewordbeforeinsertingitinthesentences.请用练习2中罗列的动词,形容词和副词为下面句子填空。首先要确定单词的正确形式然后在填入空格。1.Newsofthebudgetcutquickly__________throughtheoffice.2.‘Ifthegovernmentmentionsitsplantothepressthenitwillaffectthemarkets,butiftheysaynothingtheywillseemweak.Theyareinavery__________position.’3.Afterbeingdeclared__________,hefounditmoredifficulttosetupanewbusiness.4.Thelastdecadehasseena300%__________inhouseprices.5.‘ApparentlyJohnisretiring.He’sbeentalkingaboutitforyears,butIdon’tknowexactlywhat__________hisdecisiontodoitnow.’64.Wordsearch单词搜索Trytofindthewordsassociatedwiththefinancialcrisisinthepuzzlebelow.Therearetenwordstofind.Wordscanbewrittenhorizontally,verticallyordiagonally.请在下面的字谜游戏中,找出与金融危机有关的英语单词来。共有10个单词,其组成方式可能以水平的垂直的或对角的形式出现。rudiengulfedfelopedipeidfaceweddijatoipernateuiryocosytuiraiesopusauliagaturmoilraigpollogrownaeecetedanneirokripplesaleestakeryolodmescalationedownturncosytriggeredstakeescalationrecessionturmoilstocksripplesengulfed7Answers答案1.ReadingQuiz阅读测验Arethesesentencestrueorfalse?Circlethecorrectanswer.以下句子哪句是真?哪句是假?请圈出正确答案。1.Peoplehavestartedtosay‘financialcrisis’becausethecreditcrunchhasgotbetter.False2.Governmentinterventionshavehelpedstopworldstocksgoingdown.False3.IcelandalmostranoutofmoneyonMonday.True4.Tax-payersintheUSandUKcoulddowelloutoftheirgovernments’interventions.True5.Evenifthegovernmentrescueplanswork,theremightstillbearecession.Tr