2012年11月29日 星期四

Latest News Clips 2012.11.29


                        

1.      The "fiscal cliff" isn't a cliff at all
CBS NEWS/ November 26, 2012


GETTY IMAGES
Warning - fiscal cliff ahead!

News Analysis
You're going to be hearing the phrase "fiscal cliff" a lot over the next few weeks: The phrase has emerged as a shorthand way to describe the combination of tax hikes and spending cuts set to start kicking in at the end of the year. Lawmakers are now feverishly negotiating over how to keep many of those spending cuts and tax increases from kicking in - to keep from what is often described as "going off the fiscal cliff."

Yet if no deal comes, the nation won't actually be going over a metaphorical cliff. The word cliff implies an all-or-nothing situation - once you go over a cliff you plummet to earth. There's no going back.
But the situation the nation faces is not like that. The so-called "fiscal cliff," in fact, would be more accurately described as a "gradual fiscal slope." Though that admittedly doesn't have quite the same ring to it.
There are two parts to the so-called fiscal cliff. The first is the scheduled expiration of the tax cuts enacted in 2001 and 2003 under President George W. Bush, the payroll tax holiday enacted under President Obama, and a host of other tax breaks. The second is $1.2 trillion in automatic spending cuts to defense and domestic programs that are looming due to a 2011 deal that resulted from House Republicans' reluctance to raise the debt limit.

Now, it's true that if lawmakers fail to work out any sort of deal, there will be severe long-term consequences for the economy: According to the Tax Policy Center, going off the "cliff" would affect 88 percent of U.S. taxpayers, with their taxes rising by an average of $3,500 a year. Many economists, as well as the nonpartisan Congressional Budget Office, say the combination of spending cuts and tax hikes that are set to take effect would tip the economy into a new recession. The Congressional Budget Office has forecast that implementing all the mandated government spending cuts and tax hikes would reduce real GDP by 0.5 percent in 2013, with growth sinking in the first half of the year before resuming at a modest clip later in the year. The CBO forecasts that inaction would push up the unemployment rate to 9.1 percent by the end of 2013.

Can the U.S. economy endure the fiscal cliff?
But here's the thing: If the nation goes over the cliff - but then lawmakers work out a deal in, say, late January - it will not be nearly as bad as all that suggests. It's true that many of us would see slightly more money coming out of our paychecks at the start of the year, but lawmakers could retroactively reverse the tax hike once they work out a deal. (You'd then effectively get a bonus in your next paycheck.) Since both parties agree that the Bush-era tax cuts should be extended for the vast majority of Americans, it's unlikely that most of us would end up taking a serious hit over the long run.

2.  U.S. set for fracking bonanza, says historian Ferguson - CNN.com
CNN        November 23, 2012   


Hong Kong (CNN) -- If there's been one consistent thread running through the U.S. economic story since 2008, it's been the steady drumbeat of gloom.

Outright recession or sub-standard growth, stubbornly high unemployment and fiscal crises have been the topics du jour when it comes to the world's biggest economy.

But now an unlikely champion for U.S. growth under the Obama administration has emerged -- a former adviser to a Republican Party presidential candidate and Harvard history professor, Niall Ferguson, who says America could actually be heading toward a new economic "golden age."

And it has nothing to do with Washington and everything to do with energy.

Ferguson, who is also an author and commentator, believes the production of natural gas and oil from shale formations via a process known as "fracking" -- forcing open rocks by injecting fluid into cracks -- will be a game changer.

"This is an absolutely huge phenomenon with massive implications for the U.S. economy, and I think most people are still a little bit slow to appreciate just how big this is," he said in Hong Kong this week.
"Conceivably it does mean a new golden age."




2012年11月21日 星期三

Latest News Clips 2012.11.22


                     Bengo’s Latest News Clips              2012.11.22

1.      A Star in China Both Rises and Sets
The New York Times      November 16, 2012



BEIJING — Peng Liyuan, China’s most enduring pop-folk icon, is beloved for her glass-cracking soprano and her ability to take on such roles as a coquettish Tibetan yak herder, a lovelorn imperial courtesan, even a stiff-lipped major general — which in fact she is.

But as the nation begins to absorb the reality that its newly anointed top leader, Xi Jinping, is coming to office with a wife who happens to be a big-haired brassy diva known for her striking figure, palace watchers are daring to ask the question: has China’s Carla Bruni-Sarkozy moment finally arrived?

Ms. Peng, 49, certainly has what it takes to revolutionize China’s stodgy first lady paradigm, in which the spouses of top leaders are usually kept well out of sight or, at best, stand mute behind their husbands during state visits.

For more than two decades she was a lavishly costumed fixture on the nation’s must-see Chinese New Year variety show, often emerging from a blur of synchronized backup dancers to trill about the sacrifices of the People’s Liberation Army, which bestowed on her a civilian rank equivalent to major general. More recently, she has extended her celebrity to public service, comforting survivors of the Sichuan earthquake and gently scolding young people about the dangers of smoking and unprotected sex.

“Peng Liyuan could be an enormously positive thing for China, which really needs female role models,” said Hung Huang, publisher of a fashion magazine. “Just imagine if she turned out to be a first lady like Michelle Obama.”

But experts here agree that there is a major obstacle to Ms. Peng playing a more prominent role on the national stage: Chinese men. Despite Mao Zedong’s feel-good dictum that “women hold up half the sky,” they are barely visible in the inner sanctum of the granite-clad colossus on Tiananmen Square where Communist Party elders selected a new club of leaders.

While there was hopeful, unsubstantiated talk earlier this year that Liu Yandong, a woman, might be named to the seven-seat Politburo Standing Committee, the lineup revealed to the world on Thursday was an unrelieved row of dark suits, drab ties and black hair without a touch of gray. The party did throw out a bone: they added Sun Chunlan to the Politburo, which means the 25-member advisory committee now contains two women.

Chinese women — at least those who dare to speak out — are not pleased. “It’s unhealthy and unfair to have so few women within the Chinese political system,” said Guo Jianmei, director of the Women’s Legal Research and Service Center in Beijing, a nonprofit group. “It just reinforces the traditional cultural view that women are less capable than men.”

By all accounts, Chinese male chauvinism and the fear of the power-hungry vixen has been percolating for a few thousand years. Until the last century, women were kept uneducated and barred from the imperial bureaucracy. In times of famine, boys ate first. A lucky girl might have her growing feet bound so tightly she could barely walk by the time she was married off to the groom’s family as little more than chattel.

Even today the gender imbalance — with 118 men for every 100 women — is a testament to Chinese favoritism toward boys, expressed through targeted abortions or abandoned baby girls. Many of the nation’s best schools give male students a leg up by requiring higher marks for women. The discriminatory scoring system, according to the Ministry of Education, is designed to “protect the interests of the nation.”

2.      Ma the bumbler
A former heart-throb loses his shine
The Economist     Nov 17th 2012
  
WHEN he was first elected in 2008, Taiwan’s president, Ma Ying-jeou, offered Taiwanese high hopes that the island’s economy would open a new chapter. He promised ground-breaking agreements with China to help end Taiwan’s growing economic marginalisation. At the time, Mr Ma’s image was of a clean technocrat able to rise above the cronyism and infighting of his party, the Kuomintang (KMT). He was a welcome contrast to his fiery and pro-independence predecessor, Chen Shui-bian, now in jail for corruption.

Five years on, and despite being handily re-elected ten months ago, much has changed. In particular, popular satisfaction with Mr Ma has plummeted, to a record low of 13%, according to the TVBS Poll Centre. The country appears to agree on one thing: Mr Ma is an ineffectual bumbler.

Ordinary people do not find their livelihoods improving. Salaries have stagnated for a decade. The most visible impact of more open ties with China, which include a free-trade agreement, has been property speculation in anticipation of a flood of mainland money. Housing in former working-class areas on the edge of Taipei, the capital, now costs up to 40 times the average annual wage of $15,400. The number of families below the poverty line has leapt. Labour activists have taken to pelting the presidential office with eggs.

Exports account for 70% of GDP. So some of Taiwan’s problems are down to the dismal state of rich-world economies. Yet Mr Ma’s leadership is also to blame. He has failed to paint a more hopeful future, with sometimes hard measures needed now. Worse, he frequently tweaks policies in response to opposition or media criticism. It suggests indecisiveness.

Public anger first arose in June, when Mr Ma raised the price of government-subsidised electricity. Few Taiwanese understood why, even though Taiwan’s state-owned power company loses billions. In the face of public outrage, Mr. Ma postponed a second round of electricity price rises scheduled for December. They will now take place later next year.

People are also worried that a national pension scheme is on course for bankruptcy in less than two decades. Yet Mr Ma cannot bring himself to raise premiums sharply, because of the temporary unpopularity it risks. When Mr Ma does try to appeal to Taiwanese who make up the island’s broad political centre, it often backfires with his party’s core supporters. Following public grumbles that retired civil servants, teachers and ex-servicemen were a privileged group, the cabinet announced plans to cut more than $300m in year-end bonuses, affecting around 381,000. The trouble was, veterans are among the KMT’s most fervent backers. Now some threaten to take to the streets in protest and deprive the KMT of their votes until the plan is scrapped. Meanwhile, Mr. Ma’s clean image has been sullied by the indictment of the cabinet secretary-general for graft.
Cracks are starting to grow in the KMT façade. Recently Sean Lien, a prominent politician, criticised Mr Ma’s economic policies, saying that any politician in office during this time of sluggish growth was at best a “master of a beggar clan”—implying a country of paupers.

But the next election is four years away, and presidential hopefuls will not try to oust or even outshine Mr. Ma anytime soon. After all, they will not want to take responsibility for the country’s economic problems. Nothing suggests Mr. Ma’s main policies will change (or that they should), but his credibility is draining by the day.

3.      Patience, Consciousness and White Lies
The New York Times      NOVEMBER 21, 2012

The author, far left, standing next to his mother, newly married son and daughter-in-law, and his in-laws. In the second row, from left, are the author’s wife and their younger adult children.

My wife and I are blessed with having three "semi-independent" parents in their mid-80s living within a few blocks of us. Our children grew up knowing their grandparents as integral parts of our nuclear family, within walking distance for most of their childhoods. But now that our nest is empty, we find ourselves reliving many of the parenting issues we faced when our children were little -- now in geriatric versions, at close range. As it turns out, parenting was good practice for the issues we face with our own parents.

What exactly does semi-independence mean as applied to elderly parents? Among our three, we have two canes, five walkers, one wheelchair (for long walks), four artificial joints, a pacemaker, four hearing aides and a knee brace. The list of medical conditions is long, and the list of medications even longer, requiring different color pill box organizers for morning, afternoon and evening.

Our parents all live in the same homes they have been in for many years. Keeping them safe and healthy there, as well as when they leave the house, has become a big part of our day-to-day work these days. Therein the yin and yang of parenting has returned -- independence versus helicoptering.

Children's yearning for independence begins in toddlerhood: "I can do it myself!" It escalates through childhood, accelerates with the driver's license, and crescendos, with pomp and circumstance, at high school graduation.

2012年11月6日 星期二

看電視學英文 2012/11


20121130 「世界末日」真的要來了嗎?

Armageddon Prophecy: On December 21, 2012 the Mayan calendar will end,

foreshadowing the end of existence.
末日預言: 瑪雅曆法止於2012年12月21日,一切存在終結的預兆

Armageddon 末日決戰場

Doomsday  世界末日

prophecy 預言 (動 prophesy)
prophet 先知 (伊斯蘭教的先知)
the Prophet 穆罕默德
Maya 瑪雅人,瑪雅語
Mayan瑪雅族的
 foreshadow 成為...預兆,預示



20121129〈「含蓄」怎麼拼?〉劉傑中主播

The vote would amount to implicit recognition of Palestinian statehood from 
the international body.
這次投票等於將使巴勒斯坦國家地位獲得國際組織的默認

amount to  = result in (導致)
產生...結果(加總起來)
(效果)相當於

the amount of 只能用來描述「不可數名詞
要描述「可數名詞」必須用 the number of 


implicit 含蓄的,不講明的, 默許的(事)
名recognition承認,認可
動recognize

statehood 國家地位
state 名 狀態,國家,州
         動 陳述,表明
make a statement



20121128〈詭異「紅海」有腥味〉劉傑中主播

20121127〈把牛奶倒在某人頭上〉劉姿麟主播

20121126〈西班牙「加泰隆尼亞」盼脫離獨立〉林莉婷主播

20121123〈美國感恩節「黑色星期五購物日」〉叢慧芸主播

20121122〈劍橋大學醫術突破「治療癱瘓」〉劉姿麟主播

20121121〈日掀「油切汽水」風潮〉劉傑中主播

20121120〈緬甸的新舊拼法〉林莉婷主播

20121119〈費洛蒙.氣味怎拼?〉劉傑中主播

20121116〈中東瀕臨戰爭局勢〉林莉婷主播

20121115〈防毒軟體創辦人涉殺人〉劉姿麟主播

20121114〈「日食」天文奇景〉劉傑中主播

20121113〈兒童性侵醜聞怎麼拼?〉劉姿麟主播



20121112〈情婦、婚外情〉劉傑中主播


20121109〈「中共十八大」政治大戲〉林莉婷主播


20121108〈大規模「增稅」〉林莉婷主播


20121106〈美選恐進「延長賽」〉劉傑中主播

20121105「紅人法則」意義為何?

20121102「免簽證待遇」怎麼拼?
20121101「迪士尼」怎麼拼?劉姿麟主播