NPR 2008-10-14

After plunging¹ 18% for the five days ending last Friday, the Dow and the other major stock market indices were back to life today, regaining² 11% of their losses. For the Dow Jones Industrial Average, it was the single biggest one day point gain by a large margin³. The run-up in stocks came as governments around the world announced new steps aimed at supporting the banking⁴ system. Brian Wesbury is chief economist⁵ with First Trust Advisors⁶. He credits that concerted approach to what has become a global problem. "All of a sudden in this past couple of days, we have seen a complete reversal of that one at a time kind of process. And we have now decided⁸ that the entire system needs to be stopped and any more failures must be stopped. And I think that's the key."

White House says the president will meet with members of his financial team tomorrow. He has also scheduled an announcement from the Rose Garden before the markets open. According to one source, the government would announce plans to buy stock in nine major US banks.

On Wall Street today, the Dow rose 936 points. The NASDAQ gained 194 points. The S&P 500 was up 104 points.

Congressional Democrats⁹ say the economy needs another stimulus¹⁰ package. House Speaker Nancy Pelosi announced the proposal after meeting with economists¹¹. NPR'S Ted⁷ Robbins has more.

 The 700-billion-dollar bailout passed two weeks ago was intended to stabilize¹² financial institutions. This package would stimulate¹³ the stagnant¹⁴ economy. Economist Joseph Stiglitz said his colleagues and Democratic lawmakers were almost unanimous on the proposal's main targets. "Not just giving money to financial markets but going directly, at least some of the money, going directly to households to meet infrastructure¹⁵ needs, to meet the variety of challenges facing our society today." House Speaker Nancy Pelosi specifically mentioned extending unemployment benefits and creating public construction jobs. Pelosi said Congress would hold hearings on the size and shape of this bill. Ted Robbins, NPR News.

Fire crews are battling a wildfire north of Los Angeles. From KCRW Cheryl Glitz has more.

Hundreds of LA City and County firefighters are teaming up with fire crews from around the state to try to get a handle on the so-called Marek fire. One of the biggest threats has been the Santa Ana winds which at times are gusting¹⁶ up to 65 miles per hour. Firefighting aircraft had been called in to help the crews on the ground and some of the pilots could be in for a long night, says LA County Fire spokesman Frank Garrido. "The fixed-wing aircraft fly till sundown and then our helicopters have now been approved for night time operations." Evacuation centers have been set up for the hundreds of people who have been forced to leave their homes. Meanwhile a second fire has broken out about 10 miles away in an area called Porter Ranch¹⁷ and it's threatening hundreds of homes and new developments. For NPR News, I'm Cheryl Glitz in Los Angeles.

This is NPR.

Morgan Stanley got a much needed jolt¹⁸ of new capital helping¹⁹ to send the firm's shares higher today. Morgan Stanley announced it has officially closed on an agreement with Japanese bank Mitsubishi Financial Group for a nine-billion-dollar cash infusion²⁰. In exchange Mitsubishi gets just over a 20% stake in the New York-based investment bank. Like some other banks and financial firms, Morgan Stanley has suffered as investors²¹ have fled financial shares during the effects of the ongoing²² credit crisis.

A pioneer in providing health care for needy²³ women around the world has died. Allan Rosenfield was 75. NPR'S Richard Harris has that story.

Doctor Rosenfield was an obstetrician gynecologist who was among the first to take on the public health crisis that affects poor women around the world. In a long and celebrated²⁴ career, he worked to reduce the risk of death during child birth. Among his other innovations, he expended²⁵ access to birth control by training non-professionals to dispense²⁶ contraceptives. He also helped devise ways to treat HIV infected women and children in developing countries. And he established a program in maternal²⁷ health that now operates in 50 countries around the world. Doctor Rosenfield served for 22 years as dean of what is now called the Mailman School of Public Health at Columbia University. During that time, it grew to be the third largest school of public health in the nation. He died Sunday in his home in Heartstill, New York of ALS, a neuron-degenerative disease. Richard Harris, NPR News.

Stocks in the major automakers moved higher today. GM shares at one point were up more than 64% following reports the world's largest automaker has at least been exploring merger²⁸ talks in recent months. ???? Friday focused on GM Number 3 Chrysler, though it's believed those talks have largely ended for now.

1 plunging   

adj.跳进的，突进的v.颠簸( plunge的现在分词 )；暴跌；骤降；突降

参考例句：

• War broke out again, plunging the people into misery and suffering. 战祸复发，生灵涂炭。 来自《现代汉英综合大词典》
• He is plunging into an abyss of despair. 他陷入了绝望的深渊。 来自《简明英汉词典》

2 regaining   

复得( regain的现在分词 )； 赢回； 重回； 复至某地

参考例句：

• She was regaining consciousness now, but the fear was coming with her. 现在她正在恢发她的知觉，但是恐怖也就伴随着来了。
• She said briefly, regaining her will with a click. 她干脆地答道，又马上重新振作起精神来。

3 margin   

n.页边空白；差额；余地，余裕；边，边缘

参考例句：

• We allowed a margin of 20 minutes in catching the train.我们有20分钟的余地赶火车。
• The village is situated at the margin of a forest.村子位于森林的边缘。

4 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。

5 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

6 advisors   

n.顾问，劝告者( advisor的名词复数 )；（指导大学新生学科问题等的）指导教授

参考例句：

• The governors felt that they were being strung along by their advisors. 地方长官感到他们一直在受顾问们的愚弄。 来自《现代汉英综合大词典》
• We will consult together with advisors about her education. 我们将一起和专家商议她的教育事宜。 来自互联网

7 ted   

vt.翻晒，撒，撒开

参考例句：

• The invaders gut ted the village.侵略者把村中财物洗劫一空。
• She often teds the corn when it's sunny.天好的时候她就翻晒玉米。

8 decided   

adj.决定了的，坚决的；明显的，明确的

参考例句：

• This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
• There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。

9 democrats   

n.民主主义者，民主人士( democrat的名词复数 )

参考例句：

• The Democrats held a pep rally on Capitol Hill yesterday. 民主党昨天在国会山召开了竞选誓师大会。
• The democrats organize a filibuster in the senate. 民主党党员组织了阻挠议事。 来自《简明英汉词典》

10 stimulus   

n.刺激，刺激物，促进因素，引起兴奋的事物

参考例句：

• Regard each failure as a stimulus to further efforts.把每次失利看成对进一步努力的激励。
• Light is a stimulus to growth in plants.光是促进植物生长的一个因素。

11 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

12 stabilize   

vt.（使）稳定，使稳固，使稳定平衡；vi.稳定

参考例句：

• They are eager to stabilize currencies.他们急于稳定货币。
• His blood pressure tended to stabilize.他的血压趋向稳定。

13 stimulate   

vt.刺激，使兴奋；激励，使…振奋

参考例句：

• Your encouragement will stimulate me to further efforts.你的鼓励会激发我进一步努力。
• Success will stimulate the people for fresh efforts.成功能鼓舞人们去作新的努力。

14 stagnant   

adj.不流动的，停滞的，不景气的

参考例句：

• Due to low investment,industrial output has remained stagnant.由于投资少，工业生产一直停滞不前。
• Their national economy is stagnant.他们的国家经济停滞不前。

15 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

16 gusting   

（风）猛刮（gust的现在分词形式）

参考例句：

• Then the treacherous North Atlantic struck, with hail, rain, lightning and gusting wind. 这时，气候变幻莫测的北大西洋出现了冰雹、大雨、闪电和狂风。 来自英汉非文学 - 百科语料821
• Jeff: Sometimes, the partiality and miscarriage of justice are dis-gusting too. 杰夫： 有时，裁判的不公平和误判也真是令人讨厌的一件事情。

17 ranch   

n.大牧场，大农场

参考例句：

• He went to work on a ranch.他去一个大农场干活。
• The ranch is in the middle of a large plateau.该牧场位于一个辽阔高原的中部。

18 jolt   

v.（使）摇动，（使）震动，（使）颠簸

参考例句：

• We were worried that one tiny jolt could worsen her injuries.我们担心稍微颠簸一下就可能会使她的伤势恶化。
• They were working frantically in the fear that an aftershock would jolt the house again.他们拼命地干着，担心余震可能会使房子再次受到震动。

19 helping   

n.食物的一份&adj.帮助人的，辅助的

参考例句：

• The poor children regularly pony up for a second helping of my hamburger. 那些可怜的孩子们总是要求我把我的汉堡包再给他们一份。
• By doing this, they may at times be helping to restore competition. 这样一来, 他在某些时候,有助于竞争的加强。

20 infusion   

n.灌输

参考例句：

• Old families need an infusion of new blood from time to time.古老的家族需要不时地注入新鲜血液。
• Careful observation of the infusion site is necessary.必须仔细观察输液部位。

21 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

22 ongoing   

adj.进行中的，前进的

参考例句：

• The problem is ongoing.这个问题尚未解决。
• The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。

23 needy   

adj.贫穷的，贫困的，生活艰苦的

参考例句：

• Although he was poor,he was quite generous to his needy friends.他虽穷，但对贫苦的朋友很慷慨。
• They awarded scholarships to needy students.他们给贫苦学生颁发奖学金。

24 celebrated   

adj.有名的，声誉卓著的

参考例句：

• He was soon one of the most celebrated young painters in England.不久他就成了英格兰最负盛名的年轻画家之一。
• The celebrated violinist was mobbed by the audience.观众团团围住了这位著名的小提琴演奏家。

25 expended   

v.花费( expend的过去式和过去分词 )；使用（钱等）做某事；用光；耗尽

参考例句：

• She expended all her efforts on the care of home and children. 她把所有精力都花在料理家务和照顾孩子上。
• The enemy had expended all their ammunition. 敌人已耗尽所有的弹药。 来自《简明英汉词典》

26 dispense   

vt.分配，分发；配(药)，发(药)；实施

参考例句：

• Let us dispense the food.咱们来分发这食物。
• The charity has been given a large sum of money to dispense as it sees fit.这个慈善机构获得一大笔钱，可自行适当分配。

27 maternal   

adj.母亲的，母亲般的，母系的，母方的

参考例句：

• He is my maternal uncle.他是我舅舅。
• The sight of the hopeless little boy aroused her maternal instincts.那个绝望的小男孩的模样唤起了她的母性。

28 merger   

n.企业合并，并吞

参考例句：

• Acceptance of the offer is the first step to a merger.对这项提议的赞同是合并的第一步。
• Shareholders will be voting on the merger of the companies.股东们将投票表决公司合并问题。