CNN 2012-05-17

 Coming to U from the CNN center in Atlanta ,I'm CA. This is CNN student news it's Thursday May 15. And those views and briX in or  might have the primary focus today.For the whiter house ,those 2 states are taking their turns in the U.S. political spotlight¹.Holding  presidential primary election.But we're going to get started with the headline from Wall Streets.

 

J.P Morgan is one the largest banks in the United states.In the past 6 weeks ,one of its department lost 2 billion dollars.Right off the bet ,we wanna say this not mean J.P Morgan is gonna out of business, it's not even close.The bank made more than 5 billion dollar in the first 3 moths³ of this year.Till this news of this loss's hitting the financial industry pretty hard.And some members for congress are talking about holding hearing to consider there might need to be more government regulation, more government control of banks.Experts considered J.P Morgan one of the most secure banks in the U.S. .There is devision that responsible for making investments that they're designed to protect the bank in case of any of other investment lose money.But it turns out that the protecting that the J.P Morgan was giving was just as risky⁴.The protection investment tent and that's what led to the 2 billion in loses.

 

 

This is IJ,she was J.P Morgan chief investment officer and she was in charge of the unit that lose money.Jude X with the bank for more than 30 years, yesterday she announced she is retiring.Mary Snow now looks at how the bank's leaders and some financial analysts⁵ reacted all of this news.

 

 

J.P Morgan  X CEO Jimmy waited  until after the market close Thursday to make a stunning⁶ announcement.That the bank lose 2 billion $ this quarter  . A loss he blamed on solobies and bad judgement.

 

 

These are g  mistakes.there from selffli    countable And what happened violated by we how to operate the company.This is not how we want to run in business.

 

 

I can't not believe that CEO expected much Jimmy D who a moth² earlier said everything was fine.Said what's we got it wrong.

 

 

Bankers  like Mayer,the   bank along on Wall street says , the loses in J.P Morgan Chess are threading to the bank.It raised much larger concerns.

 

 

The questions are these big banks including J.P Morgan too big to manage.They were taking action to protect the company and the lose money, i went out and took insurance out on my house.A month later,I said Ohzs , I lost 1000 $ on the insurance policy.If you doing something to protect yourself, XX lose money people still scratch their heads.

 

 

That head scratching focus on the bank chief X officer in London.That's where one strate and particular was taking such large insurance like that.In the nick name ,the white whale. Ended in involved complex trading in XX that's similar to the ones triggered economic Chaos⁷ in 2008.University of Marolin professor Cliff R who managed risk in major banks says because the complexity⁸ of this business,it can't be fully⁹ regulated.

 

 

There are always be areas,dark areas in the market.Shadow XX if you want to call that.That were remained very murky¹⁰ and very difficult to exactly know until a time like this arrives is when  the other XX now you got a problem.

 

 

Is this legit?

The eastern pacific Hurricane season begins on June 1st?

No.That's when the Atlantic Hurricane season starts , in the eastern pacific hurricane season begins today.

 

 

Thing is nature doesn't always pay attention to that calendar.Storms can form outside of Hurricane season and when the Pacific ocean want to decided¹¹ to give a Jump-on thing this week.Say hello to the first tropical depression of 2012.It formed one day before the start of the season.Won't be given a name unless it strengthens into a tropical storm.That's the stage of all storm becomes Hurricane. 

 

 

This tropical depression from the west of Mexico it was heading farther out into Pacific so experts said not likely a thread to any landarios. It's a very different story in Arizona though.That's where a serious of wild fire are threatening several areas.To keeping an eye on different fire around the state.Biggest one as yesterday was in a national force there.But the one causing the most concern is this blast.It's called Gladiater fire,just a few miles north of XX community that's home about 350 people.Officials were telling everyone that they need to leave their houses.But only a few actually had done that by Monday morning.All together ,this wild fire  5,000 XX  across Arizona .

 

 

On the side of the country,the space shuttle engerp is gradually making its way to its new home.

The Shuttle flew in the back of the Jack¹² after NY late last month.This weekend it was transferred to a fairy that will take it to a musuem .On the traffic aircraft carrier.Interesting trivif about the shuttle ,Enerprise was NASA's original space shuttle. It was used of a series tests but it actually went into space.

1 spotlight   

n.公众注意的中心，聚光灯，探照灯，视听，注意，醒目

参考例句：

• This week the spotlight is on the world of fashion.本周引人瞩目的是时装界。
• The spotlight followed her round the stage.聚光灯的光圈随着她在舞台上转。

2 moth   

n.蛾，蛀虫

参考例句：

• A moth was fluttering round the lamp.有一只蛾子扑打着翅膀绕着灯飞。
• The sweater is moth-eaten.毛衣让蛀虫咬坏了。

3 moths   

n.蛾( moth的名词复数 )

参考例句：

• The moths have eaten holes in my wool coat. 蛀虫将我的羊毛衫蛀蚀了几个小洞。 来自《简明英汉词典》
• The moths tapped and blurred at the window screen. 飞蛾在窗帘上跳来跳去，弄上了许多污点。 来自《现代英汉综合大词典》

4 risky   

adj.有风险的，冒险的

参考例句：

• It may be risky but we will chance it anyhow.这可能有危险，但我们无论如何要冒一冒险。
• He is well aware how risky this investment is.他心里对这项投资的风险十分清楚。

5 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

6 stunning   

adj.极好的；使人晕倒的

参考例句：

• His plays are distinguished only by their stunning mediocrity.他的戏剧与众不同之处就是平凡得出奇。
• The finished effect was absolutely stunning.完工后的效果非常美。

7 chaos   

n.混乱，无秩序

参考例句：

• After the failure of electricity supply the city was in chaos.停电后，城市一片混乱。
• The typhoon left chaos behind it.台风后一片混乱。

8 complexity   

n.复杂(性)，复杂的事物

参考例句：

• Only now did he understand the full complexity of the problem.直到现在他才明白这一问题的全部复杂性。
• The complexity of the road map puzzled me.错综复杂的公路图把我搞糊涂了。

9 fully   

adv.完全地，全部地，彻底地；充分地

参考例句：

• The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气，然后全部呼出。
• They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。

10 murky   

adj.黑暗的，朦胧的；adv.阴暗地，混浊地；n.阴暗；昏暗

参考例句：

• She threw it into the river's murky depths.她把它扔进了混浊的河水深处。
• She had a decidedly murky past.她的历史背景令人捉摸不透。

11 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。

12 jack   

n.插座，千斤顶，男人；v.抬起，提醒，扛举；n.（Jake）杰克

参考例句：

• I am looking for the headphone jack.我正在找寻头戴式耳机插孔。
• He lifted the car with a jack to change the flat tyre.他用千斤顶把车顶起来换下瘪轮胎。