that banks charge each other for short-term loans.That rate now will be 4.75%.The Central Bank made the same reduction in the rate it charges member banks for ovemight loans.The rate nov will be 4.5%. B Key words: 30 min protests meeting EU members low prices cut taxes trade peace and security policies inflation Japanese ports economy Vocabulary: demonstrator senate inflation Dutch Manila the Federal Reserve Board Now listen to some simple news items.Focus your attention on who,”"what,"when,""where,.”"why,"and“how'in each lead and write down what you hear in the given spaces. 40 min 1.Angry demonstrators are increasing their protests against rising fuel prices.World oil prices have reached a ten-year high of about $135 a barrel. 2.China has opened a meeting of African nations.Representatives of more than 40African nations are attend ing the three-day meeting in Beijing. 3. Dutch Prime Minister says the Czech Republic could become a member of the European Union early 2003.The Prime Minister told reporters that the final date would be decided by a conference ofEU member. 4.Finance ministers and Central Bank govemors of seven leading industrial nations are meeting in Washington.Officials from Britain Canada France.Germany Japan and the United States ar attending the meeting
that banks charge each other for short-term loans .That rate now will be 4.75%.The Central Bank made the same reduction in the rate it charges member banks for overnight loans .The rate now will be 4.5%. B Key words: protests meeting EU members low prices cut taxes trade peace and security policies inflation Japanese ports economy Vocabulary: demonstrator senate inflation Dutch Manila the Federal Reserve Board Now listen to some simple news items. Focus your attention on “who,” “what,” “when,” “where,” “why,” and “how’ in each lead and write down what you hear in the given spaces. 1. Angry demonstrators are increasing their protests against rising fuel prices. World oil prices have reached a ten-year high of about ＄135 a barrel. 2. China has opened a meeting of African nations. Representatives of more than 40African nations are attending the three-day meeting in Beijing. 3. Dutch Prime Minister says the Czech Republic could become a member of the European Union early 2003.The Prime Minister told reporters that the final date would be decided by a conference of EU member. 4. Finance ministers and Central Bank governors of seven leading industrial nations are meeting in Washington. Officials from Britain, Canada, France, Germany, Japan and the United States are attending the meeting. 30 min 40 min
5.Iran and Saudi Arabia say they will try to reduce the amount of oil now on the world market in an attempt to increase the low prices that are harming their economies. 6.Leaders of the Organization of Petroleum Exporting Countries have urged rich countries to lower oil prices by cutting taxes on oil products 7.Leaders of the ten-member Association of Southeast Asian Nation have promised to speed efforts to increase trade and to bring peace and security to the area.They made the statement at the end of their yearly meeting in Manila. 8.The Chairman of the Federal Reserve Board has told a senate committee that he will support policies that keep inflation low. 9.The United States and Japan have signed an agreement that will open Japanese ports to foreign companies. 10.And in Singapore,Prime Minister says his country's economy has increased almost 4 percent for the first halt of 1999.Experts say the country has become a leading manufacturing and financia center. Key words: 20 min shares trading reduced rate loan budget plar limiting production index rose unemployment Vocabulary: prime rate cabinet budget barrel indicator work force You are going to hear some simple news items,which include numbers ranging from 0.1 to 27000000000.Listen carefully Write 30 min down the numbers rapidly 1.A record number of shares,almost 93000000 were traded Tuesday
5. Iran and Saudi Arabia say they will try to reduce the amount of oil now on the world market in an attempt to increase the low prices that are harming their economies. 6. Leaders of the Organization of Petroleum Exporting Countries have urged rich countries to lower oil prices by cutting taxes on oil products. 7. Leaders of the ten-member Association of Southeast Asian Nations have promised to speed efforts to increase trade and to bring peace and security to the area. They made the statement at the end of their yearly meeting in Manila. 8. The Chairman of the Federal Reserve Board has told a senate committee that he will support policies that keep inflation low. 9. The United States and Japan have signed an agreement that will open Japanese ports to foreign companies. 10. And in Singapore, Prime Minister says his country’s economy has increased almost 4 percent for the first halt of 1999.Experts say the country has become _ a leading manufacturing and financial center. C Key words: shares trading reduced rate loan budget plan limiting production index rose unemployment Vocabulary: prime rate cabinet budget barrel indicator work force You are going to hear some simple news items , which include numbers ranging from 0.1 to 27000000000.Listen carefully Write down the numbers rapidly. 1. A record number of shares, almost 93,000,000 were traded Tuesday 20 min 30 min
on the New York Stock Exchange. 2.Trading was heavy again Friday on the New York Stock Exchange A bout 97000000 shares were traded,a number second only to the record 133000000 shares traded Wednesday. 3.Manufactures'Hanover Trust Company of New York and the First National Bank of Chicago both reduced their prime rate 15%to 16% 4.The World Bank has approved a 100,000.000 dollar loan to the Ivory Coast. 5.Japan's cabinet has approved a proposed budget plan for next year The dollar budget will reduce total 10 min spending Military spending will be increased 5.1%. 6.Oil ministers of the Organization of Petroleum Exporting Countries have agreed go continue limiting production to 17500000 barrels ofoil a day. 30 min 7.The Commerce Department said its index of leading economic indicators rose 13% in July,the fourth month it has increased. 8.Unemployment in the United States rose last month to 9.5%of the American work force,the highest rate since World War II.The Labor Department said that unemployment rose in May by1%It said 10.500.000 Americans were out of work 9.Poland owes foreign countries about 27000000000 dollars. 10.The Labor Department reports that wholesale prices increased by only 6%in August Part 2 Nobel Prize winner for economics Key words: 20 min Nobel Prize for Economics large forces inflation national savings charge policy
on the New York Stock Exchange. 2. Trading was heavy again Friday on the New York Stock Exchange. A bout 97,000,000 shares were traded, a number second only to the record 133,000,000 shares traded Wednesday. 3. Manufactures’ Hanover Trust Company of New York and the First National Bank of Chicago both reduced their prime rate 1.5% to _ 16% . 4. The World Bank has approved a 100,000,000 dollar loan to the Ivory Coast. 5. Japan’s cabinet has approved a proposed budget plan for next year. The 210,000,000,000 dollar budget will reduce total spending .Military spending will be increased 5.1%. 6. Oil ministers of the Organization of Petroleum Exporting Countries have agreed go continue limiting production to 17,500,000 barrels of oil a day. 7. The Commerce Department said its index of leading economic indicators rose 1.3% in July, the fourth month it has increased. 8.Unemployment in the United States rose last month to 9.5% of the American work force, the highest rate since World War Ⅱ.The Labor Department said that unemployment rose in May by 0.1%. It said 10,500,000 Americans were out of work. 9. Poland owes foreign countries about 27,000,000,000 dollars. 10. The Labor Department reports that wholesale prices increased by only 0.6% in August. Part 2 Nobel Prize winner for economics Key words: Nobel Prize for Economics large forces unemployment inflation national savings charge policy 10 min 30 min 20 min
Vocabulary: the Royal Swedish Academy of Sciences macroeconomics credit stagflation A Listen to a passage about Edmund Phelps,a Nobel Prize Winner 40 min for Economics .Complete his major viewpoints below with the information you hear. 1.Edmund Phelps studied large forces that affect economics at the national or international level. 2.Mr.Phelps correctly identified the relationship between unemplovment or inflation.He discovered that,over the long term inflation hurt job creation. 3.Mr.Phelps showed that national savings rates can be too high.The best savings rate is not so high that it limits demands in the present and it is not so low that it limits growth and investment in the future. B 30 min Listen to the passage again.This time focus on the wrong ideas and theories common people and even policymakers held before.Supply the missing information. 1.Since the 1930s.policymakers in many nations dealt with unemployment by letting inflation increase to create jobs.The accepted that reducing unemployment required higher inflation. 2.Common sense suggests that a very high savings rate is best. Part III.Bulls and bears Key words: 30 min Stock exchange brokers companies investors value the big board a bull market a bear market prices profit go belly up windfall Vocabulary Broker decrease duck dispute belly
Vocabulary: the Royal Swedish Academy of Sciences macroeconomics credit stagflation A Listen to a passage about Edmund Phelps, a Nobel Prize Winner for Economics .Complete his major viewpoints below with the information you hear. 1. Edmund Phelps studied large forces that affect economics at the national or international level. 2. Mr. Phelps correctly identified the relationship between unemployment or inflation. He discovered that, over the long term, inflation hurt job creation. 3. Mr. Phelps showed that national savings rates can be too high .The best savings rate is not so high that it limits demands in the present , and it is not so low that it limits growth and investment in the future. B Listen to the passage again. This time focus on the wrong ideas and theories common people and even policymakers held before. Supply the missing information. 1. Since the 1930s,policymakers in many nations dealt with unemployment by letting inflation increase to create jobs .They accepted that reducing unemployment required higher inflation . 2. Common sense suggests that a very high savings rate is best. Part III. Bulls and bears Key words: Stock exchange brokers companies investors value the big board a bull market a bear market prices profit go belly up windfall Vocabulary Broker decrease duck dispute belly 40 min 30 min 30 min