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[BBC] 【整理】BBC Podcast 2008-10-08

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[BBC] 【整理】BBC Podcast 2008-10-08



BBC Podcast 2008-10-08





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【整理】 2008-10-8        【整理人】jjmm brightu  fujunzhao  北星束

 

Thank you all for your contribution to this finalized transcription, you have of course done a great job, especially to MerylFriend who with great expertise and patience, have spent time in this time consuming task, thank u~  Merci~

 

The United States is the biggest economy in the world by a large margin.
 

Andrew Walker, economics and business correspondent for the BBC World Service.

 

One figure that’s often used to indicate this is what’s called Gross Domestic Product, GDP, which is the value of the total production of goods and services in the course of the year. And for the United States, that figure is around 14 trillion dollars, that’s to say, 14,000 billion dollars. The country that comes second is either China with a figure of 7 trillion or Japan with a figure of 4.3 trillion.

 

My name is Chrismans. I am a lecturer in economic history at the London School of Economics. One good reason why America is, actually has been for a long time, the global superpower, as opposed to, say, other rich countries like Japan or Germany, is size. The US has a large manufacturing sector. It has large service sector. It has geographical diversity, very different people living in different places. So, it’s a big diverse economy.

 

I think the most important thing that drives America is innovation.

 

Peter Morici is an economist and professor of business at the University of Maryland.

 

It’s not just the resources that we have, but because we have to pay such high wages to our peoplewe have to produce very high value-added products. We're kind of like the German economy in that regard or the British economy.

 

So how has the US economy evolved?

 

There is [are] a couple of themes to talk about, if you wanna think about American development from say, 1800. One is the frontier, the point which Europeans are settled is constantly moving west. The frontier means that there is new arable land that’s highly productive if  brought into use. You can easily move within the United States new opportunities, and the mobility within the US is something we still see today, America is a highly geographically mobile society. What we also see as we move west is Americans discovered the diversity of the land that they are living in. Right? So up in the early 19th century, parts of the United States are suitable for manufacturing, coz they have coal deposits, then the late 19th century, things like oil become important, and lo and behold, that’s there in the west, to be exploited at the right time. And because America doesn’t have these internal trade boundaries, from the beginning, it means that there’s a lot of interstate trade, Connecticut can specialize in insurance; Iowa can specialize in wheat; Texas can specialize in oil, and they can trade with each other as European economies might do if it wasn’t for trade barriers and politics.

 

America became the superpower that it is, largely because it was isolated from Europe and it had developed its own technology. To some degree, the Europeans tried to keep technology from us. So we had to kinda solve the problems for ourselves. One of the biggest problems we had in the early decades of the republic was access to capital. We really didn’t have enough money in the country. But foreign money came, it financed the canals and the turnpike building and so forth which untied the country to some measure. After the Civil War, Americans became great innovators. You think about it! The phonograph, the motion picture. All those things had beginnings in America. Americans were pioneers in spaceflight. We’ve built the first mass production automobile. And that set off an era of middle class prosperity because eventually it was accompanied by U---unionization, and so that the production workers got a bigger chunk of the money. And in turn, they started sending their kids to college. And we became a knowledge-driven society.

 

The free market that evolved in the United States is still practiced there today.

 

The idea of a laissez-fair economy is you let people, the owners of capital, the labor market, the workers, all heed things for themselves. You don’t need to set prices; you don’t need to set wages; you don’t need to tell some people to work in this sector and not in another. So it’s cheap. It’s efficient. And that is very attractive.

 

There have been episodes in American history when governments had got a lot more involved. The Second World War is the most obvious example of where government was very heavily involved in the day-to-day business of economic life. Ultimately, I think, many Americans take the view that economies work best if private individuals are left to get on with things to have the opportunity to get the rewards of succeeding from their own enterprise. But for the most part, they take the view that it’s best to let them suffer the consequences of failure if that’s what happens.

 

You are listening to the Instant Guide to the US economy on the BBC. The US economy can be divided into two main areas. Whilst the industrial sector accounts for about 20% of the United States’ economy, close to 80% of it is dominated by service industries. These include financial services, restaurants, entertainment and domestic services. Economist, Peter Morici.

 

The US economy is so diversified. It’s hard to say there is a main employer. I mean in New York City, it's clearly the financial sector, and the media. If you go to the Midwest, the main employers are manufacturing and agriculture from western Pennsylvania all the way through Minnesota. On the West Coast, we have a lot of high-technology. And we have the aerospace industry in the Pacific Northwest, in Washington. Also in Missouri, people don’t realize that, Missouri and Kansas has a lot of aerospace. In the south, we have our emerging new automobile sector where the transplants are and the southeast, places like Kentucky, Tennessee, Mississippi, and so forth.

 

So what does the United States export and to whom? The BBC’s Andrew Walker.

 

The United States exports a wide range of goods and services. But there’s a group of things called capital goods which includes a very wide range, between aircraft, car parts, telecommunications, equipment. That accounts for just about half of the exports of goods. But there’s also a significant trade in agricultural products, soybeans, for example, and corn are very important. The leading partners are the immediate neighbors, so Canada, and Mexico. But China is also important, so is Japan and the European Union.

 

With the Europeans, we trade just about everything. With Japan, we import a lot of cars, Korea, the same. And we send them a lot of high-tech products, a lot high valuated services, like financial services, logistic services, things of that nature. And the same applies to China. And they provide us with a lot of consumer goods, things like coffee makers, T-shirts, and electronic products and assembly.    

 

So what state is the current US economy in?   

 

The United States is clearly in a period of at best rather weaker than normal economic growth. In the fourth quarter of last year, it actually shrank slightly. The first quarter of this year, it managed some rather anemic weak growth. The domestic economy is really decidedly weak. Consumer spending is still growing. But it has slowed down. And one area where the US economy has been in significant difficulty for some time now is house building. That basically is in the middle of what only can be described as a slump. It began declining in the beginning of 2006 and has fallen by a total of 34% since then. There is no universally agreed definition of a recession. One that is very widely used, however, in relation to the rich countries is two consecutive quarters in which gross domestic product, total output of goods and services declines. Is the US in a recession in that sense? It might be, we don’t know for sure what the figure's gonna be for the current three-month period.

 

Right now, the US economy is slowing down. Second quarter growth was about 2.8%. But we’re expecting the growth to be [as] close as zero for the next three quarters. And unemployment’s about 6.1%, we’re expecting that to drift up to about 7. And we’re expecting that a new president will likely have to focus on resurrecting the economy. And if the financial crisis does not turn out to be too severe, the US economy should turn up in the second half of next year.

 

 

 

 

[ 本帖最后由 北星束 于 2008-10-12 15:42 编辑 ]

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All sunshine without shade, all pleasure without pain, is not life at all.

hw

谢谢参与! 欢迎发表对节目的意见啊~~!---jjmm

 

The United States is the biggest economy in the world by a large margin.

 

Andrew Walker, economics and business correspondent for the BBC World Service.

 

One figure that’s often used to indicate this is what it’s called Gross Domestic Product, GDP which is the value of the total production of goods and services in the cause of the year. And for the United States, that figure is around 14 trillion dollars that is to say, 14,000 billion dollars. The country that comes second is either China with a figure of 7 trillion or Japan with a figure of 4.3 trillion.

 

My name is Chrismans. I am a lecture in economic history at London School of Economics. One good reason why America is actually has been for a long time, the global superpower are supposed to say, other rich countries like Japan, Germany is size. The US has a large manufacturing sector. It has large service sector. It has geographic diversity, very different people living in very different places. It’s a big diverse economy.

 

I think the most important thing that drives America is innovation.

 

Peter Morici is an economist and professor for business at the University of Maryland.

 

It’s not just the resources that we have, but because we have to pay such high wages to our people. We have to produce very high valuated products, were kind of like the German economy in that regard or the British economy.

 

So how has the US economy evolved?

 

There is a couple of seems that you talk about you want to think about American development from say, 1800. One is the frontier, the point which Europeans are settled is costly moving west. The frontier means that there is new arable land that’s highly productive for productive to use. You can easily move within the United States. New opportunities and the ability within the US is something we still see today, America’s highly geographically mobile society. We will also see as we move west is American has discovered the diversity of the land that are living them, like // early 19th century, parts of the United States are sailable for mallow factoring because they have a cold posits, then the late 19th century, things like oil become important and long beyond, that’s there on the west to be slided ethanol time. And because America doesn’t have ethanol trade boundaries, from the beginning, it means there’s a lot of interstate trade, Canada can specialize in insurance; Iowa can specialize in wheat, Texas can specialize in oil; and they can trade with each other as European economies // if wasn’t for trade about some politics.

 

America became the superpower, that is, largely because was isolated from Europe had developed its own technology. To some degree, Europeans tried to keep technology from us. So we have kind to solve the problem ourselves. One of the big problems we had in the early decades is the republic with the access to capital. We really didn’t have enough money in the country. But farer money came, it finance the canyons in the term pike building itself which untied the country to some measure. After the Civil War, Americans became great innovators. You think about the funder grafted the motion picture. All those things had beginnings in America. Americans were pioneers in spaceflight. We build the first mass production automobile. And that’s set often era of middle class prosperity because it eventually was a company by unionization, and so that the product workers got a bigger chunk of money. And in turn, they started to send their kids to college. And we became a knowledge-driven society.

 

The free market that evolved in the United States is still practiced today.

 

The idea of a less fair economy is you let people, the owners of capital, the labor market workers outlet things for themselves. You don’t need to sell prices; you don’t need to sell wages; you don’t need to tell some people to work in the sector or another. So it’s cheap. It’s efficient. And that’s very attractive.

 

There have been episodes in the American history when governments have got a lot more involved. The Second World War is the most obvious example of where government was very heavily involved in the day to day business of economic life. Ultimately I think many Americans take the view that economies work best if private individuals are left to get on with things to have the opportunity to get the rewards of succeeding from their enterprises. But for the most part, they take the view that it’s best to let themselves suffer the consequences of failure if that will happen.

 

You are listening to the Instant Guide to the US economy on the BBC. The US economy can be divided into two main areas. While steel industry sector accounts about 20% of the United States economy, close to 80% of it is dominated by service industries. These include financial services, restaurants, entertainment and domestic services. Economist, Peter Morici.

 

The US economy is so diversified. It’s hard to say there is a main employer. I mean the New York City is clearly the financial sector, the media. If you’ve got to the Middle West, the main employers are manufacturing and agriculture from western Pennsylvania all way trough Minnesota. And on the west coast, we have a lot of high-technology. And we have the airspace industry in the Pacific Northwest, in Washington. Also in Missouri, people there // Kansas, there are a very spaces. In the south, we have a merging new automobile sector with a transplant on the south east, places like Kentucky to Tennessee, Mississippi, and so forth.

 

So what is the United States export and to whom? The BBC’s Andrew Walker.

 

The United States exports a wide ranger of goods and services. But there’s a group of things called capital goods which includes a very wide ranger to aircraft, car parts, telecommunication’s equipments. That accounts for just about half of the exports of goods. But there’s also a significant trade in agriculture products, soybeans, for example, and coconut, very important. The leading partners are the immediate neighbors, so Canada, and Mexico. But China is also important, so is Japan and the European Union.

 

With Europeans, we trade just about everything. With Japan, we import a lot of cars, Korea is same. And we send them a lot of high-tech products, a lot high valuated services, like financial services, logistic services, things that nature. And the same applies in China. And they provide us with a lot of consumer goods, things life coffee makers, T-shirt, and electronic product assembly.    

 

So what status is the current US economy in?   

 

United States is clearly in a period of at best rather weaker the normal economic growth. In the fourth quarter of last year, it actually shrank slightly. The first quarter of this year, it managed seem rather a // weak growth. The domestic economy is really decidedly week. Consumer spending is still growing. But it has slowed down. And one area where the US economy has been in a significant difficulty for some time now is house building. That basically is in the middle of what only can be described as a slump. It began declining in the beginning of 2006 and has fallen by total of 34% since then. There is no universally agreed definition of recession. One that’s very widely used however in relation to the rich countries is two consecutive quarters in which gross domestic product total out of goods and services declines is the US in recession in that sense. It might be we don’t know for sure what the figure is going to be for the current three months period.

 

Right now, the US economy is slowing down. Second quarter growth was about 2.8%. But we’re expecting the growth to be close to zero for the next three quarters. Unemployment’s about 6.1%, we’re expecting that to drive up to about 7. And we’re expecting that new president will likely have to focus on resurrect the economy. And if the financial crisis doesn’t turn out to be too severe, the US economy should turn up in the second half of next year.

 

       

                                            

         

                                                                                                 

[ 本帖最后由 jjmm 于 2008-10-8 13:56 编辑 ]
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  • jjmm

立即获取| 免费注册领取外教体验课一节

on sainfoinwy(太长了吧,感觉时间压缩在2~3分钟最好了,人气旺效果也好 )

 

The United States is the biggest economy in the world by a large margin.

 

Andrew Walker, economics and business correspondent for the BBC World Service.

 

One figure that’s often used to indicate this is what it’s called Gross Domestic Product, GDP which is the value of the total production of goods and services in the course of the year. And for the United States, that figure is around 14 trillion dollars that is to say, 14,000 billion dollars. The country that comes second is either China with a figure of 7 trillion or Japan with a figure of 4.3 trillion.

 

My name is Chrismans. I am a lecturer in economic history at London School of Economics. One good reason why America is actually has been for a long time, the global superpower are supposed to say, other rich countries like Japan, Germany is sice. The US has a large manufacturing sector. It has large service sector. It has geographic diversity, very different people living in very different places. It’s a big diverse economy.

 

I think the most important thing that drives America is innovation.

 

Peter Morici is an economist and professor of business at the University of Maryland.

 

It’s not just / resources that we have, but because we have to pay such high wages to our people. We have to produce very high valuated products, were kind of like the German economy in that regard or the British economy.

 

So how has the US economy evolved?

 

There is a couple of seems that you talk about you want to think about American development from say, 1800. One is the frontier, the point which Europeans are settled is costly moving west. The frontier means that there is new arable land that’s highly productive for productive to use. You can easily move within the United States. New opportunities and the ability within the US is something we still see today, America’s highly geographically mobile society. What we will also see as we move west is American has discovered the diversity of the land that are living them, like soviet in early 19th century, parts of the United States are salable for mallow factoring because they have a cold posits, then the late 19th century, things like oil become important and long beyond, that’s there on the west to be slided after right time. And because America doesn’t have essential trade boundaries, from the beginning, it means there’s a lot of interstate trade, Canada can specialize in insurance; Iowa can specialize in wheat, Texas can specialize in oil; and they can trade with each other as European economies might deal if wasn’t for trade about some politics.

 

America became the superpower, that it is, largely because was isolated from Europe had developed its own technology. To some degree, the Europeans tried to keep technology from us. So we have kinda solved the problem for ourselves. One of the big problems we had in the early decades is the republic with the access to capital. We really didn’t have enough money in the country. But far in money came, it finance the canyons in the term pike building itself which untied the country to some measure. After the Civil War, Americans became great innovators. You think about the funder grafted the motion picture. All those things had beginnings in America. Americans were pioneers in spaceflight. We build the first mass production automobile. And that’s set often era of middle class prosperity because it eventually was a company by unionization, and so that the product workers got a bigger chunk of money. And in turn, they started to send their kids to college. And we became a knowledge-driven society.

 

The free market that evolved in the United States is still practiced there today.

 

The idea of a less fair economy is you let people, the owners of capital, the labor market workers outlet things for themselves. You don’t need to sell prices; you don’t need to sell wages; you don’t need to tell some people to work in the sector or another. So it’s cheap. It’s efficient. And that’s very attractive.

 

There have been episodes in the American history when governments have got a lot more involved. The Second World War is the most obvious example of where government was very heavily involved in the day to day business of economic life. Ultimately I think many Americans take the view that economies work best if private individuals are left to get on with things to have the opportunity to get the rewards of succeeding from their own enterprises. But for the most part, they take the view that it’s best to let themselves suffer the consequences of failure if that will happen.

 

You are listening to the Instant Guide to the US economy on the BBC. The US economy can be divided into two main areas. While steel industry sector accounts about 20% of the United States economy, close to 80% of it is dominated by service industries. These include financial services, restaurants, entertainment and domestic services. Economist, Peter Morici.

 

The US economy is so diversified. It’s hard to say there is a main employer. I mean the New York City is clearly the financial sector, the media. If you’ve got to the Middle West, the main employers are manufacturing and agriculture from western Pennsylvania all way through Minnesota. And on the west coast, we have a lot of high-technology. And we have the airspace industry in the Pacific Northwest, in Washington. Also in Missouri, people there realize that Missouri  Kansas has a lot very spaces. In the south, we have a merging new automobile sector with a transplant on the south east, places like Kentucky ,/ Tennessee, Mississippi, and so forth.

 

So what does the United States export and to whom? The BBC’s Andrew Walker.

 

The United States exports a wide range of goods and services. But there’s a group of things called capital goods which includes a very wide range to aircraft, car parts, telecommunication’s equipment/. That accounts for just about half of the exports of goods. But there’s also a significant trade in agriculture products, soybeans, for example, and coconut, very important. The leading partners are the immediate neighbors, so Canada, and Mexico. But China is also important, so is Japan and the European Union.

 

With Europeans, we trade just about everything. With Japan, we import a lot of cars, Korea is the same. And we send them a lot of high-tech products, a lot high valuated services, like financial services, logistic services, things that nature. And the same applies in China. And they provide us with a lot of consumer goods, things life coffee makers, T-shirt, and electronic product assembly.    

 

So what status is the current US economy in?   

 

United States is clearly in a period of at best rather weaker the normal economic growth. In the fourth quarter of last year, it actually shrank slightly. The first quarter of this year, it managed seem rather a neanic weak growth. The domestic economy is really decidedly week. Consumer spending is still growing. But it has slowed down. And one area where the US economy has been in / significant difficulty for some time now is house building. That basically is in the middle of what only can be described as a slump. It began declining in the beginning of 2006 and has fallen by total of 34% since then. There is no universally agreed definition of recession. One that’s very widely used however in relation to the rich countries is two consecutive quarters in which gross domestic product total out of goods and services declines is the US in recession in that sense. It might be we don’t know for sure what the figure is going to be for the current three months period.

 

Right now, the US economy is slowing down. Second quarter growth was about 2.8%. But we’re expecting the growth to be close to zero for the next three quarters. Unemployment’s about 6.1%, we’re expecting that to drive up to about 7. And we’re expecting that new president will likely have to focus on resurrecting the economy. And if the financial crisis doesn’t turn out to be too severe, the US economy should turn up in the second half of next year.

1

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  • jjmm

One without faith is sure to fail 新浪微薄:福威武威
实现无障碍英语沟通

Homework

Homework.

没写完。好长。我知道错误很多,请帮我纠正。谢谢

Uninted state is the biggest economy in the world by a large Margin.Andrew Worker ,economic some business  CORESPONDENT for the BBC world service. One figure this off news to indicate this is what is called gross domestic product GDP which is the value of the total production of the goods and services in the course of the year and in  the united state,that figure is around 14 trillion dollars that have to say 14 billion thousand dollars.The country that comes second is China with a fighre of 7 trillion or Japan with a figure of 4.3 trillion.My name is chris Mans,I am a lecture of economic history at London school economics.One of the good reason why American is,is really has been a long time the global super power are supposed to say other rich countries like Japan or Germany ?. Dear it has a large manufactory sector,it has large service sector,it has geographical divesity,very different people living in different places ,so it is a big diverse economy.I think the most important thing that drives Amercia is INNOVATION.Peson Marisi is an economist,a professor of businees at the university of Maryland.It's not just the resources that we have,but because we have to pay
the highway just to our people,we have to produce very high valuator products.we are kind of like German economy in that regard or the British economy.So how has the US economy of all? There is a couple of scenes that talk about you wanna think about American ?from saying 18 hunderd,one is the frontier,the point which  European are settle is costly moving west.The frontier means are there new  ARABLEland that's highly productive to be bought into use.You can easily moved
within united states ? oppotunities and ability within the US and something we still see today America is high geographically mobile society.We also see as we moved
west is America discovered the diversity of the land that we're living in.Right,in the early 19 century,parts of the United state are suitable for manufactory,cause we have cold deposit then last 19 century,things are like oil become important and loan were hold.That's there in the weast,to explore it at the right time.and becuase America doesn't have the centeral trade boundary from the beginning,it means there is lots of inter state trade connected can specialize an insurance,iron can specialize in wheat,tax can speacialize in oil and they can trade with each other as European economics might do it wasn't for trade about it ,it was importics.

 

 

 

 

 

 

 


 

 

1

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  • jjmm

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On cross

The United States is the biggest economy in the world by a large margin.

 

Andrew Walker, economics and business correspondent for the BBC World Service.

 

One figure that’s often used to indicate this is what it’s called Gross Domestic Product, GDP which is the value of the total production of goods and services in the course of the year. And for the United States, that figure is around 14 trillion dollars that is to say, 14,000 billion dollars. The country that comes second is either China with a figure of 7 trillion or Japan with a figure of 4.3 trillion.

 

My name is Chrismans. I am a lecturer in economic history at London School of Economics. One good reason why America is actually has been for a long time, the global superpower are supposed to say, other rich countries like Japan, Germany, it’s size. The US has a large manufacturing sector. It has large service sector. It has geographic diversity, very different people living in very different places. It’s a big diverse economy.

 

I think the most important thing that drives America is innovation.

 

Peter Morici is an economist and professor of business at the University of Maryland.

 

It’s not just the resources that we have, but because we have to pay such high wages to our people. We have to produce very high valuated products, were kind of like the German economy in that regard or the British economy.

 

So how has the US economy evolved?

 

There is a couple of themes that / talk about you want to think about American development from say, 1800. One is the frontier, the point toward Europeans have settled is costly moving west. The frontier means that there is new arable land that’s highly productive we brought into use. You can easily move within the United States. New opportunities and the ability within the US is something we still see today, America is a highly geographically mobile society. What we / also see as we move west is American has discovered the diversity of the land that they are living in, rights opened in early 19th century, parts of the United States are suitable for metal factoring because they have coal deposits, then the late 19th century, things like oil become important and long beyond, that’s there on the west to be exploited at the right time. And because America doesn’t have essential trade boundaries, from the beginning, it means there’s a lot of interstate trade, Connecticut can specialize in insurance; Iowa can specialize in wheat, Texas can specialize in oil; and they can trade with each other as European economies might deal if wasn’t for trade about some politics.

 

America became the superpower, there it is, largely because it was isolated from Europe had developed its own technology. To some degree, the Europeans tried to keep technology from us. So we have kinda solved the problem for ourselves. One of the big problems we had in the early decades is the problem with the access to capital. We really didn’t have enough money in the country. But far in money came, it finance the canyons in turn by building in the southwards which untied the country to some measure. After the Civil War, Americans became great innovators. You think about the photograph the motion picture. All those things had beginnings in America. Americans were pioneers in spaceflight. We built the first mass production automobile. And that set off an era of middle class prosperity because it eventually was the company by unionization, and so that the product workers got a bigger chunk of money. And in turn, they started sending their kids to college. And we became a knowledge-driven society.

 

The free market that evolved in the United States is still practiced there today.

 

The idea of a less fair economy is you let people, the owners of capital, the labor market of the workers outhit things for themselves. You don’t need to set prices; you don’t need to set wages; you don’t need to tell some people to work in the sector or not, or another. So it’s cheap. It’s efficient. And that’s very attractive.

 

There have been episodes in /American history when governments have got a lot more involved. The Second World War is the most obvious example of where government was very heavily involved in the day to day business of economic life. Ultimately I think many Americans take the view that economies work best if private individuals are left to get on with things to have the opportunity to get the rewards of succeeding from their own enterprises. But for the most part, they take the view that it’s best to let them suffer the consequences of failure if that will happen.

 

You are listening to the Instant Guide to the US economy on the BBC. The US economy can be divided into two main areas. While steel industry sector accounts about 20% of the United States economy, close to 80% of it is dominated by service industries. These include financial services, restaurants, entertainment and domestic services. Economist, Peter Morici.

 

The US economy is so diversified. It’s hard to say there is a main employer. I mean the New York City is clearly the financial sector, the media. If you’ve gone to the Middle West, the main employers are manufacturing and agriculture from western Pennsylvania all the way through Minnesota. And on the west coast, we have a lot of high-technology. And we have the airspace industry in the Pacific Northwest, in Washington. Also in Missouri, people don’t realize that Missouri and Kansas has a lot of very spaces. In the south, we have a emerging new automobile sector with a transplant on the south east, places like Kentucky ,/ Tennessee, Mississippi, and so forth.

 

So what does the United States export and to whom? The BBC’s Andrew Walker.

 

The United States exports a wide range of goods and services. But there’s a group of things called capital goods which includes a very wide range to the aircraft, car parts, telecommunication’s equipment/. That accounts for just about half of the exports of goods. But there’s also a significant trade in agriculture products, soybeans, for example, and coconut, very important. The leading partners are the immediate neighbors, so Canada, and Mexico. But China is also important, so is Japan and the European Union.

 

With Europeans, we trade just about everything. With Japan, we import a lot of cars, Korea is the same. And we send them a lot of high-tech products, a lot high valuated services, like financial services, logistic services, things that nature. And the same applies to China. And they provide us with a lot of consumer goods, things life coffee makers, T-shirt, and electronic products assembly.    

 

So what status is the current US economy in?   

 

United States is clearly in a period of at best rather weaker the normal economic growth. In the fourth quarter of last year, it actually shrank slightly. The first quarter of this year, it managed seem rather a neanic weak growth. The domestic economy is really decidedly week. Consumer spending is still growing. But it has slowed down. And one area where the US economy has been in / significant difficulty for some time now is house building. That basically is in the middle of what only can be described as a slump. It began declining in the beginning of 2006 and has fallen by total of 34% since then. There is no universally agreed definition of recession. One that’s very widely used however in relation to the rich countries is two consecutive quarters in which gross domestic product total out of goods and services declines is the US in recession in that sense. It might be we don’t know for sure what the figure is going to be for the current three months period.

 

Right now, the US economy is slowing down. Second quarter growth was about 2.8%. But we’re expecting the growth to be close to zero for the next three quarters. Unemployment’s about 6.1%, we’re expecting that to drift up to about 7. And we’re expecting that new president will likely have to focus on resurrecting the economy. And if the financial crisis doesn’t turn out to be too severe, the US economy should turn up in the second half of next year.

 

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有什么高见欢迎发表啊~~---jjmm

 

The United States is the biggest economy in the world by a large margin.

 

Andrew Walker, economics and business correspondent for the BBC World Service.

 

One figure that’s often used to indicate this is what it’s called Gross Domestic Product, GDP which is the value of the total production of goods and services in the course of the year. And for the United States, that figure is around 14 trillion dollars that is to say, 14,000 billion dollars. The country that comes second is either China with a figure of 7 trillion or Japan with a figure of 4.3 trillion.

 

My name is Chrismans. I am a lecturer in economic history at London School of Economics. One and a good reason why America is ,actually has been for a long time / the global superpower, I'm supposed to say, other rich countries like Japan or Germanyis size. The US has a large manufacturing sector. It has large service sector. It has geographic diversity, very different people living in very different places. It’s a big diverse economy.

 

I think the most important thing that drives America is innovation.

 

Peter Morici is an economist and professor of business at the University of Maryland.

 

It’s not just the resources that we have, but because we have to pay such high wages to our people. We have to produce very high valuated products, we're kind of like the German economy in that regard or the British economy.

 

So how has the US economy evolved?

 

There is a couple of themes that talk about ,you wanna think about American development from say, 1800. One is the frontier, the point which Europeans have settled is costly moving west. The frontier means that there is new arable land that’s highly productive we've brought into use. You can easily move within the United States. New opportunities and / ability within the US is something we still see today, America is a highly geographically mobile society. What we  also see as we move west is American has discovered the diversity of the land that they are living in, rights opened in early 19th century, parts of the United States are suitable for manufacturing coz you have coal deposits, then the late 19th century, things like oil become important ,and loan, behold! That’s there on the west to be exploited at the right time. And because America doesn’t have essential trade boundaries, from the beginning, it means there’s a lot of interstate trade, Connecticut can specialize in insurance; Iowa can specialize in wheat, Texas can specialize in oil; and they can trade with each other as European economies might do if wasn’t for trade barriers importance.

 

America became the superpower that it is, largely because it was isolated from Europe had developed its own technology. To some degree, the Europeans tried to keep technology from us. So we have kinda solved the problem for ourselves. One of the big problems we had in the early decades is the problem with the access to capital. We really didn’t have enough money in the country. But foreign money came, it finance the canyons and turn pipe building and so forth which untied the country to some measure. After the Civil War, Americans became great innovators. You think about it! The photograph ,the motion picture. All those things had beginnings in America. Americans were pioneers in spaceflight. We built the first mass production automobile. And that set off an era of middle class prosperity because it eventually was the company by unionization, and so that the product workers got a bigger chunk of money. And in turn, they started sending their kids to college. And we became a knowledge-driven society.

 

The free market that evolved in the United States is still practiced there today.

 

The idea of a less fair economy is you let people, the owners of capital, the labor market,/ the workers outhit things for themselves. You don’t need to set prices; you don’t need to set wages; you don’t need to tell some people to work in the sector or not ,/another. So it’s cheap. It’s efficient. And that’s very attractive.

 

There have been episodes in /American history when governments have got a lot more involved. The Second World War is the most obvious example of where government was very heavily involved in the day-to-day business of economic life. Ultimately I think many Americans take the view that economies work best if private individuals are left to get on with things to have the opportunity to get the rewards of succeeding from their own enterprises. But for the most part, they take the view that it’s best to let them suffer the consequences of failure if that will happen.

 

You are listening to the Instant Guide to the US economy on the BBC. The US economy can be divided into two main areas. While steel industry sector accounts for about 20% of the United States economy, close to 80% of it is dominated by service industries. These include financial services, restaurants, entertainment and domestic services. Economist, Peter Morici.

 

The US economy is so diversified. It’s hard to say there is a main employer. I mean in / New York City, it's clearly the financial sector'd be the media. If you go to the middle west, the main employers are manufacturing and agriculture from western Pennsylvania all the way through Minnesota. /On the west coast, we have a lot of high-technology. And we have the airspace industry in the Pacific Northwest, in Washington. Also in Missouri, people don’t realize that Missouri and Kansas has a lot of airspaces. In the south, we have our emerging new automobile sector with the transplants on the south east, places like Kentucky ,/ Tennessee, Mississippi, and so forth.

 

So what does the United States export and to whom? The BBC’s Andrew Walker.

 

The United States exports a wide range of goods and services. But there’s a group of things called capital goods which includes a very wide range to the aircraft, car parts, telecommunications equipment/. That accounts for just about half of the exports of goods. But there’s also a significant trade in agriculture products, soybeans, for example, and coconut, very important. The leading partners are the immediate neighbors, so Canada, and Mexico. But China is also important, so is Japan and the European Union.

 

With Europeans, we trade just about everything. With Japan, we import a lot of cars, Korea is the same. And we send them a lot of high-tech products, a lot high valuated services, like financial services, logistic services, things of that nature. And the same applies to China. And they provide us with a lot of consumer goods, things life coffee makers, T-shirt, and electronic products in assembly.    

 

So what status is the current US economy in?   

 

United States is clearly in a period of at best rather weaker in normal economic growth. In the fourth quarter of last year, it actually shrank slightly. The first quarter of this year, it managed seem rather a neanic weak growth. The domestic economy is really decidedly week. Consumer spending is still growing. But it has slowed down. And one area where the US economy has been in / significant difficulty for some time now is house building. That basically is in the middle of what only can be described as a slump. It began declining in the beginning of 2006 and has fallen by total of 34% since then. There is no universally agreed definition of recession. One that’s very widely used however in relation to the rich countries is two consecutive quarters in which gross domestic product total out of goods and services declines is the US in recession in that sense. It might be we don’t know for sure what the figure is going to be for the current three months period.

 

Right now, the US economy is slowing down. Second quarter growth was about 2.8%. But we’re expecting the growth to be close to zero for the next three quarters. Unemployment’s about 6.1%, we’re expecting that to drift up to about 7. And we’re expecting that new president will likely have to focus on resurrecting the economy. And if the financial crisis doesn’t turn out to be too severe, the US economy should turn up in the second half of next year.

 

 

[ 本帖最后由 jjmm 于 2008-10-8 21:22 编辑 ]
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In the mountains of truth ,you can never climb in vain.

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The United States is the biggest economy in the world by a large margin.

 

Andrew Walker, economics and business correspondent for the BBC World Service.

 

One figure that’s often used to indicate this is what’s called Gross Domestic Product, GDP which is the value of the total production of goods and services in the course of the year. And for the United States, that figure is around 14 trillion dollars, thats to say, 14,000 billion dollars. The country that comes second is either China with a figure of 7 trillion or Japan with a figure of 4.3 trillion.

 

My name is Chrismans. I am a lecturer in economic history at the London School of Economics. One /good reason why America is ,actually has been for a long time the global superpower, as opposed to, say, other rich countries like Japan or Germany, is size. The US has a large manufacturing sector. It has large service sector. It has geographical diversity, very different people living in / different places. So, it’s a big diverse economy.

 

I think the most important thing that drives America is innovation.

 

Peter Morici is an economist and professor of business at the University of Maryland.

 

It’s not just the resources that we have, but because we have to pay such high wages to our people. We have to produce very high valuated products, we're kind of like the German economy in that regard or the British economy.

 

So how has the US economy evolved?

 

There is a couple of themes to talk about, if you wanna think about American development from say, 1800. One is the frontier, the point which Europeans have settled is costly moving west. The frontier means that there is new arable land that’s highly productive to be brought into use. You can easily move within the United States if you got opportunities and the ability within the US is something we still see today, America is a highly geographically mobile society. What we also see as we move west is Americans discovered the diversity of the land that they are living in. Right stop in the early 19th century, parts of the United States are suitable for manufacturing coz they have coal deposits, then the late 19th century, things like oil become important, and long behold! That’s there on the west to be exploited at the right time. And because America doesn’t have these internal trade boundaries, from the beginning, it means that there’s a lot of interstate trade, Connecticut can specialize in insurance; Iowa can specialize in wheat, Texas can specialize in oil; and they can trade with each other as European economies might do if it wasn’t for trade barriers and import tax.

 

America became the superpower that it is, largely because it was isolated from Europe and it had developed its own technology. To some degree, the Europeans tried to keep technology from us. So we had to kinda solve/ the problem for ourselves. One of the big problems we had in the early decades of the republic was access to capital. We really didn’t have enough money in the country. But foreign money came, it financed the canals and the turn pipe building and so forth which untied the country to some measure. After the Civil War, Americans became great innovators. You think about it! The photograph ,the motion picture. All those things had beginnings in America. Americans were pioneers in spaceflight. We’ve built the first mass production automobile. And that set off an era of middle class prosperity because /eventually it was the company by unionization, and so that the production workers got a bigger chunk of money. And in turn, they started sending their kids to college. And we became a knowledge-driven society.

 

The free market that evolved in the United States is still practiced there today.

 

The idea of a laxly fair economy is you let people, the owners of capital, the labor market, the workers out hit things for themselves. You don’t need to set prices; you don’t need to set wages; you don’t need to tell some people to work in this sector and not in another. So it’s cheap. It’s efficient. And that is very attractive.

 

There have been episodes in American history when governments had got a lot more involved. The Second World War is the most obvious example of where government was very heavily involved in the day-to-day business of economic life. Ultimately I think many Americans take the view that economies work best if private individuals are left to get on with things to have the opportunity to get the rewards of succeeding from their own enterprise/. But for the most part, they take the view that it’s best to let them suffer the consequences of failure if that’s what happened.

 

You are listening to the Instant Guide to the US economy on the BBC. The US economy can be divided into two main areas. Whilst the industrial sector accounts for about 20% of the United States economy, close to 80% of it is dominated by service industries. These include financial services, restaurants, entertainment and domestic services. Economist, Peter Morici.

 

The US economy is so diversified. It’s hard to say there is a main employer. I mean in New York City, it's clearly the financial sector of the media. If you go to the Midwest, the main employers are manufacturing and agriculture from western Pennsylvania all the way through Minnesota. On the west coast, we have a lot of high-technology. And we have the airspace industry in the Pacific Northwest, in Washington. Also in Missouri, people don’t realize that, Missouri and Kansas has a lot of airspaces. In the south, we have our emerging new automobile sector with the transplants on the southeast, places like Kentucky, Tennessee, Mississippi, and so forth.

 

So what does the United States export and to whom? The BBC’s Andrew Walker.

 

The United States exports a wide range of goods and services. But there’s a group of things called capital goods which includes a very wide range, including aircraft, car parts, telecommunications equipment. That accounts for just about half of the exports of goods. But there’s also a significant trade in agriculture products, soybeans, for example, and corn are very important. The leading partners are the immediate neighbors, so Canada, and Mexico. But China is also important, so is Japan and the European Union.

 

With Europeans, we trade just about everything. With Japan, we import a lot of cars, Korea, the same. And we send them a lot of high-tech products, a lot high valuated services, like financial services, logistic services, things of that nature. And the same applies to China. And they provide us with a lot of consumer goods, things life coffee makers, T-shirts, and electronic products and assembly.    

 

So what state is the current US economy in?   

 

The United States is clearly in a period of at best rather weaker than normal economic growth. In the fourth quarter of last year, it actually shrank slightly. The first quarter of this year, it managed seem rather a neanic weak growth. The domestic economy is really decidedly weak. Consumer spending is still growing. But it has slowed down. And one area where the US economy has been in significant difficulty for some time now is house building. That basically is in the middle of what only can be described as a slump. It began declining in the beginning of 2006 and has fallen by a total of 34% since then. There is no universally agreed definition of a recession. One that is very widely used however in relation to the rich countries is two consecutive quarters in which gross domestic product, totaled out of goods and services declines. Is the US in a recession in that sense? It might be, we don’t know for sure what the figures are going to be for the current three-month period.

 

Right now, the US economy is slowing down. Second quarter growth was about 2.8%. But we’re expecting / growth to be close to zero for the next three quarters. Unemployment’s about 6.1%, we’re expecting that to drift up to about 7. And we’re expecting that a president will likely have to focus on resurrecting the economy. And if the financial crisis doesn’t turn out to be too severe, the US economy should turn up in the second half of next year.

 

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on jjmm

The United States is the biggest economy in the world by a large margin.

 

Andrew Walker, economics and business correspondent for the BBC World Service.

 

One figure that’s often used to indicate this is what’s called Gross Domestic Product, GDP, which is the value of the total production of goods and services in the course of the year. And for the United States, that figure is around 14 trillion dollars, that’s to say, 14,000 billion dollars. The country that comes second is either China with a figure of 7 trillion or Japan with a figure of 4.3 trillion.

 

My name is Chrismans. I am a lecturer in economic history at the London School of Economics. One good reason why America is ,actually has been for a long time, the global superpower, as opposed to, say, other rich countries like Japan or Germany, is size. The US has a large manufacturing sector. It has large service sector. It has geographical diversity, very different people living in different places. So, it’s a big diverse economy.

 

I think the most important thing that drives America is innovation.

 

Peter Morici is an economist and professor of business at the University of Maryland.

 

It’s not just the resources that we have, but because we have to pay such high wages to our people. We have to produce very high valuated products, we're kind of like the German economy in that regard or the British economy.

 

So how has the US economy evolved?

 

There is [are] a couple of themes to talk about, if you wanna think about American development from say, 1800. One is the frontier, the point which Europeans have settled is constantly moving west. The frontier means that there is new arable land that’s highly productive to be brought into use. You can easily move within the United States if you got opportunities, and the ability within the US is something we still see today, America is a highly geographically mobile society. What we also see as we move west is Americans discovered the diversity of the land that they are living in. Right stop in the early 19th century, parts of the United States are suitable for manufacturing, coz they have coal deposits, then the late 19th century, things like oil become important, and lo and behold! That’s there in the west to be exploited at the right time. And because America doesn’t have these internal trade boundaries, from the beginning, it means that there’s a lot of interstate trade, Connecticut can specialize in insurance; Iowa can specialize in wheat; Texas can specialize in oil, and they can trade with each other as European economies might do if it wasn’t for trade barriers and import tax.

 

America became the superpower that it is, largely because it was isolated from Europe and it had developed its own technology. To some degree, the Europeans tried to keep technology from us. So we had to kinda solve the problems for ourselves. One of the biggest problems we had in the early decades of the republic was access to capital. We really didn’t have enough money in the country. But foreign money came, it financed the canals and the turn pipe building and so forth which untied the country to some measure. After the Civil War, Americans became great innovators. You think about it! The photograph,the motion picture. All those things had beginnings in America. Americans were pioneers in spaceflight. We’ve built the first mass production automobile. And that set off an era of middle class prosperity because eventually it was accompanied by unionization, and so that the production workers got a bigger chunk of the money. And in turn, they started sending their kids to college. And we became a knowledge-driven society.

 

The free market that evolved in the United States is still practiced there today.

 

The idea of a less affair economy is you let people, the owners of capital, the labor market, the workers, out hit things for themselves. You don’t need to set prices; you don’t need to set wages; you don’t need to tell some people to work in this sector and not in another. So it’s cheap. It’s efficient. And that is very attractive.

 

There have been episodes in American history when governments had got a lot more involved. The Second World War is the most obvious example of where government was very heavily involved in the day-to-day business of economic life. Ultimately I think many Americans take the view that economies work best if private individuals are left to get on with things to have the opportunity to get the rewards of succeeding from their own enterprise. But for the most part, they take the view that it’s best to let them suffer the consequences of failure if that’s what happened.

 

You are listening to the Instant Guide to the US economy on the BBC. The US economy can be divided into two main areas. Whilst the industrial sector accounts for about 20% of the United States economy, close to 80% of it is dominated by service industries. These include financial services, restaurants, entertainment and domestic services. Economist, Peter Morici.

 

The US economy is so diversified. It’s hard to say there is a main employer. I mean in New York City, it's clearly the financial sector of the media. If you go to the Midwest, the main employers are manufacturing and agriculture from western Pennsylvania all the way through Minnesota. On the West Coast, we have a lot of high-technology. And we have the airspace industry in the Pacific Northwest, in Washington. Also in Missouri, people don’t realize that, Missouri and Kansas has a lot of airspace/. In the south, we have our emerging new automobile sector with the transplants in the southeast, places like Kentucky, Tennessee, Mississippi, and so forth.

 

So what does the United States export and to whom? The BBC’s Andrew Walker.

 

The United States exports a wide range of goods and services. But there’s a group of things called capital goods which includes a very wide range, including aircraft, car parts, telecommunications equipment. That accounts for just about half of the exports of goods. But there’s also a significant trade in agricultural products, soybeans, for example, and corn are very important. The leading partners are the immediate neighbors, so Canada, and Mexico. But China is also important, so is Japan and the European Union.

 

With Europeans, we trade just about everything. With Japan, we import a lot of cars, Korea, the same. And we send them a lot of high-tech products, a lot high valuated services, like financial services, logistic services, things of that nature. And the same applies to China. And they provide us with a lot of consumer goods, things like coffee makers, T-shirts, and electronic products and assembly.    

 

So what state is the current US economy in?   

 

The United States is clearly in a period of at best rather weaker than normal economic growth. In the fourth quarter of last year, it actually shrank slightly. The first quarter of this year, it managed some rather anemic weak growth. The domestic economy is really decidedly weak. Consumer spending is still growing. But it has slowed down. And one area where the US economy has been in significant difficulty for some time now is house building. That basically is in the middle of what only can be described as a slump. It began declining in the beginning of 2006 and has fallen by a total of 34% since then. There is no universally agreed definition of a recession. One that is very widely used, however, in relation to the rich countries is two consecutive quarters in which gross domestic product, total output of goods and services declines. Is the US in a recession in that sense? It might be, we don’t know for sure what the figures are going to be for the current three-month period.

 

Right now, the US economy is slowing down. Second quarter growth was about 2.8%. But we’re expecting growth to be close to zero for the next three quarters. Unemployment’s about 6.1%, we’re expecting that to drift up to about 7. And we’re expecting that a new president will likely have to focus on resurrecting the economy. And if the financial crisis doesn’t turn out to be too severe, the US economy should turn up in the second half of next year.
All sunshine without shade, all pleasure without pain, is not life at all.
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on brightu

The United States is the biggest economy in the world by a large margin.

 

Andrew Walker, economics and business correspondent for the BBC World Service.

 

One figure that’s often used to indicate this is what’s called Gross Domestic Product, GDP, which is the value of the total production of goods and services in the course of the year. And for the United States, that figure is around 14 trillion dollars, that’s to say, 14,000 billion dollars. The country that comes second is either China with a figure of 7 trillion or Japan with a figure of 4.3 trillion.

 

My name is Chrismans. I am a lecturer in economic history at the London School of Economics. One good reason why America is, actually has been for a long time, the global superpower, as opposed to, say, other rich countries like Japan or Germany, is size. The US has a large manufacturing sector. It has large service sector. It has geographical diversity, very different people living in different places. So, it’s a big diverse economy.

 

I think the most important thing that drives America is innovation.

 

Peter Morici is an economist and professor of business at the University of Maryland.

 

It’s not just the resources that we have, but because we have to pay such high wages to our peoplewe have to produce very high valuated products. We're kind of like the German economy in that regard or the British economy.

 

So how has the US economy evolved?

 

There is [are] a couple of themes to talk about, if you wanna think about American development from say, 1800. One is the frontier, the point which Europeans have settled is constantly moving west. The frontier means that there is new arable land that’s highly productive to be brought into use. You can easily move within the United States if you got opportunities, and the ability within the US is something we still see today, America is a highly geographically mobile society. What we also see as we move west is Americans discovered the diversity of the land that they are living in. Right stop in the early 19th century, parts of the United States are suitable for manufacturing, coz they have coal deposits, then the late 19th century, things like oil become important, and lo and behold! That’s there in the west to be exploited at the right time. And because America doesn’t have these internal trade boundaries, from the beginning, it means that there’s a lot of interstate trade, Connecticut can specialize in insurance; Iowa can specialize in wheat; Texas can specialize in oil, and they can trade with each other as European economies might do if it wasn’t for trade barriers and port tax.

 

America became the superpower that it is, largely because it was isolated from Europe and it had developed its own technology. To some degree, the Europeans tried to keep technology from us. So we had to kinda solve the problems for ourselves. One of the biggest problems we had in the early decades of the republic was access to capital. We really didn’t have enough money in the country. But foreign money came, it financed the canals and the tunnel pipe building and so forth which untied the country to some measure. After the Civil War, Americans became great innovators. You think about it! The photograph, the motion picture. All those things had beginnings in America. Americans were pioneers in spaceflight. We’ve built the first mass production automobile. And that set off an era of middle class prosperity because eventually it was accompanied by unionization, and so that the production workers got a bigger chunk of the money. And in turn, they started sending their kids to college. And we became a knowledge-driven society.

 

The free market that evolved in the United States is still practiced there today.

 

The idea of a less affair economy is you let people, the owners of capital, the labor market, the workers, out hit things for themselves. You don’t need to set prices; you don’t need to set wages; you don’t need to tell some people to work in this sector and not in another. So it’s cheap. It’s efficient. And that is very attractive.

 

There have been episodes in American history when governments had got a lot more involved. The Second World War is the most obvious example of where government was very heavily involved in the day-to-day business of economic life. Ultimately, I think, many Americans take the view that economies work best if private individuals are left to get on with things to have the opportunity to get the rewards of succeeding from their own enterprise. But for the most part, they take the view that it’s best to let them suffer the consequences of failure if that’s what happened.

 

You are listening to the Instant Guide to the US economy on the BBC. The US economy can be divided into two main areas. Whilst the industrial sector counts for about 20% of the United States’ economy, close to 80% of it is dominated by service industries. These include financial services, restaurants, entertainment and domestic services. Economist, Peter Morici.

 

The US economy is so diversified. It’s hard to say there is a main employer. I mean in New York City, it's clearly the financial sector, and the media. If you go to the Midwest, the main employers are manufacturing and agriculture from western Pennsylvania all the way through Minnesota. On the West Coast, we have a lot of high-technology. And we have the airspace industry in the Pacific Northwest, in Washington. Also in Missouri, people don’t realize that, Missouri and Kansas has a lot of airspace. In the south, we have our emerging new automobile sector with the transplants around the southeast, places like Kentucky, Tennessee, Mississippi, and so forth.

 

So what does the United States export and to whom? The BBC’s Andrew Walker.

 

The United States exports a wide range of goods and services. But there’s a group of things called capital goods which includes a very wide range, including aircraft, car parts, telecommunications, equipment. That accounts for just about half of the exports of goods. But there’s also a significant trade in agricultural products, soybeans, for example, and corn are very important. The leading partners are the immediate neighbors, so Canada, and Mexico. But China is also important, so is Japan and the European Union.

 

With the Europeans, we trade just about everything. With Japan, we import a lot of cars, Korea, the same. And we send them a lot of high-tech products, a lot high valuated services, like financial services, logistic services, things of that nature. And the same applies to China. And they provide us with a lot of consumer goods, things like coffee makers, T-shirts, and electronic products and assembly.    

 

So what state is the current US economy in?   

 

The United States is clearly in a period of at best rather weaker than normal economic growth. In the fourth quarter of last year, it actually shrank slightly. The first quarter of this year, it managed some rather anemic weak growth. The domestic economy is really decidedly weak. Consumer spending is still growing. But it has slowed down. And one area where the US economy has been in significant difficulty for some time now is house building. That basically is in the middle of what only can be described as a slump. It began declining in the beginning of 2006 and has fallen by a total of 34% since then. There is no universally agreed definition of a recession. One that is very widely used, however, in relation to the rich countries is two consecutive quarters in which gross domestic product, total output of goods and services declines. Is the US in a recession in that sense? It might be, we don’t know for sure what the figures are going to be for the current three-month period.

 

Right now, the US economy is slowing down. Second quarter growth was about 2.8%. But we’re expecting growth to be close to zero for the next three quarters. And unemployment’s about 6.1%, we’re expecting that to drift up to about 7. And we’re expecting that a new president will likely have to focus on resurrecting the economy. And if the financial crisis does not turn out to be too severe, the US economy should turn up in the second half of next year.

好栏目推荐之美国口语俚语
Whilst the industrial sector counts for about 20% of the United States’ economy,

accounts for ,工业占美国经济的比重约为20%,改成 counts for就不通了吧。
All sunshine without shade, all pleasure without pain, is not life at all.

原帖由 brightu 于 2008-10-9 15:53 发表 Whilst the industrial sector counts for about 20% of the United States’ economy,accounts for ,工业占美国经济的比重约为20%,改成 counts for就不通了吧。

 

接受!这里不妥。改回去!

 

Whilst the industrial sector accounts for about ....

第四段, 我个人认为应该是One and a good reason啊

 

倒数第七段,it's clearly the financial sector, and the media.

我认为应该是'd be would be吗

 

a less affair economy

这个什么意思啊

 

 

 

1.这里应该是one后面的鼻音拖长了点而已。

2。 'd be似乎解释不通啊。 这里应该是说NY是financial sector 跟media的中心。and的音也不明显。或者可以改成...the financial sector,[and] the media.

3. 这个地方我也一直没搞懂~

                                                       ---jjmm


根据后面的句子,理解less affair economy 为自我调节,不用政府调控的市场经济,所谓 less-regulated economy, 不过Google没有搜到这样的例子。

                                                       --------brightu

 

[ 本帖最后由 brightu 于 2008-10-10 01:15 编辑 ]
In the mountains of truth ,you can never climb in vain.
每天半小时 轻松提高英语口语

on jjmm

 

The United States is the biggest economy in the world by a large margin.

 

Andrew Walker, economics and business correspondent for the BBC World Service.

 

One figure that’s often used to indicate this is what’s called Gross Domestic Product, GDP, which is the value of the total production of goods and services in the course of the year. And for the United States, that figure is around 14 trillion dollars, that’s to say, 14,000 billion dollars. The country that comes second is either China with a figure of 7 trillion or Japan with a figure of 4.3 trillion.

 

My name is Chrismans. I am a lecturer in economic history at the London School of Economics. One good reason why America is, actually has been for a long time, the global superpower, as opposed to, say, other rich countries like Japan or Germany, is size. The US has a large manufacturing sector. It has large service sector. It has geographical diversity, very different people living in different places. So, it’s a big diverse economy.

 

I think the most important thing that drives America is innovation.

 

Peter Morici is an economist and professor of business at the University of Maryland.

 

It’s not just the resources that we have, but because we have to pay such high wages to our peoplewe have to produce very high valuated products. We're kind of like the German economy in that regard or the British economy.

 

So how has the US economy evolved?

 

There is [are] a couple of themes to talk about, if you wanna think about American development from say, 1800. One is the frontier, the point which Europeans have settled is constantly moving west. The frontier means that there is new arable land that’s highly productive to be brought into use. You can easily move within the United States if you got opportunities, and the ability within the US is something we still see today, America is a highly geographically mobile society. What we also see as we move west is Americans discovered the diversity of the land that they are living in. Right stop in the early 19th century, parts of the United States are suitable for manufacturing, coz they have coal deposits, then the late 19th century, things like oil become important, and lo and behold! That’s there in the west to be exploited at the right time. And because America doesn’t have these internal trade boundaries, from the beginning, it means that there’s a lot of interstate trade, Connecticut can specialize in insurance; Iowa can specialize in wheat; Texas can specialize in oil, and they can trade with each other as European economies might do if it wasn’t for trade barriers and port tax.

 

America became the superpower that it is, largely because it was isolated from Europe and it had developed its own technology. To some degree, the Europeans tried to keep technology from us. So we had to kinda solve the problems for ourselves. One of the biggest problems we had in the early decades of the republic was access to capital. We really didn’t have enough money in the country. But foreign money came, it financed the canals and the turnpike building and so forth which untied the country to some measure. After the Civil War, Americans became great innovators. You think about it! The phonograph, the motion picture. All those things had beginnings in America. Americans were pioneers in spaceflight. We’ve built the first mass production automobile. And that set off an era of middle class prosperity because eventually it was accompanied by unionization, and so that the production workers got a bigger chunk of the money. And in turn, they started sending their kids to college. And we became a knowledge-driven society.

 

The free market that evolved in the United States is still practiced there today.

 

The idea of a less affair economy is you let people, the owners of capital, the labor market, the workers, out hit things for themselves. You don’t need to set prices; you don’t need to set wages; you don’t need to tell some people to work in this sector and not in another. So it’s cheap. It’s efficient. And that is very attractive.

 

There have been episodes in American history when governments had got a lot more involved. The Second World War is the most obvious example of where government was very heavily involved in the day-to-day business of economic life. Ultimately, I think, many Americans take the view that economies work best if private individuals are left to get on with things to have the opportunity to get the rewards of succeeding from their own enterprise. But for the most part, they take the view that it’s best to let them suffer the consequences of failure if that’s what happened.

 

You are listening to the Instant Guide to the US economy on the BBC. The US economy can be divided into two main areas. Whilst the industrial sector counts for about 20% of the United States’ economy, close to 80% of it is dominated by service industries. These include financial services, restaurants, entertainment and domestic services. Economist, Peter Morici.

 

The US economy is so diversified. It’s hard to say there is a main employer. I mean in New York City, it's clearly the financial sector, and the media. If you go to the Midwest, the main employers are manufacturing and agriculture from western Pennsylvania all the way through Minnesota. On the West Coast, we have a lot of high-technology. And we have the airspace industry in the Pacific Northwest, in Washington. Also in Missouri, people don’t realize that, Missouri and Kansas has a lot of airspace. In the south, we have our emerging new automobile sector with the transplants around the southeast, places like Kentucky, Tennessee, Mississippi, and so forth.

 

So what does the United States export and to whom? The BBC’s Andrew Walker.

 

The United States exports a wide range of goods and services. But there’s a group of things called capital goods which includes a very wide range, including aircraft, car parts, telecommunications, equipment. That accounts for just about half of the exports of goods. But there’s also a significant trade in agricultural products, soybeans, for example, and corn are very important. The leading partners are the immediate neighbors, so Canada, and Mexico. But China is also important, so is Japan and the European Union.

 

With the Europeans, we trade just about everything. With Japan, we import a lot of cars, Korea, the same. And we send them a lot of high-tech products, a lot high valuated services, like financial services, logistic services, things of that nature. And the same applies to China. And they provide us with a lot of consumer goods, things like coffee makers, T-shirts, and electronic products and assembly.    

 

So what state is the current US economy in?   

 

The United States is clearly in a period of at best rather weaker than normal economic growth. In the fourth quarter of last year, it actually shrank slightly. The first quarter of this year, it managed some rather anemic weak growth. The domestic economy is really decidedly weak. Consumer spending is still growing. But it has slowed down. And one area where the US economy has been in significant difficulty for some time now is house building. That basically is in the middle of what only can be described as a slump. It began declining in the beginning of 2006 and has fallen by a total of 34% since then. There is no universally agreed definition of a recession. One that is very widely used, however, in relation to the rich countries is two consecutive quarters in which gross domestic product, total output of goods and services declines. Is the US in a recession in that sense? It might be, we don’t know for sure what the figures are going to be for the current three-month period.

 

Right now, the US economy is slowing down. Second quarter growth was about 2.8%. But we’re expecting growth to be closer to zero for the next three quarters. And unemployment’s about 6.1%, we’re expecting that to drift up to about 7. And we’re expecting that a new president will likely have to focus on resurrecting the economy. And if the financial crisis does not turn out to be too severe, the US economy should turn up in the second half of next year.

 

 

1

评分次数

  • jjmm

sorry, i have forgotten to correct "count for" as "account for".

 

Thanks for reminding!  ----jjmm

[ 本帖最后由 jjmm 于 2008-10-9 22:02 编辑 ]
口译专员推荐—>口译训练软件IPTAM口译通

on dada

 

  The United States is the biggest economy in the world by a large margin.

 

Andrew Walker, economics and business correspondent for the BBC World Service.

 

One figure that’s often used to indicate this is what’s called Gross Domestic Product, GDP, which is the value of the total production of goods and services in the course of the year. And for the United States, that figure is around 14 trillion dollars, that’s to say, 14,000 billion dollars. The country that comes second is either China with a figure of 7 trillion or Japan with a figure of 4.3 trillion.

 

My name is Chrismans. I am a lecturer in economic history at the London School of Economics. One good reason why America is, actually has been for a long time, the global superpower, as opposed to, say, other rich countries like Japan or Germany, is size. The US has a large manufacturing sector. It has large service sector. It has geographical diversity, very different people living in different places. So, it’s a big diverse economy.

 

I think the most important thing that drives America is innovation.

 

Peter Morici is an economist and professor of business at the University of Maryland.

 

It’s not just the resources that we have, but because we have to pay such high wages to our peoplewe have to produce very high valuated products. We're kind of like the German economy in that regard or the British economy.

 

So how has the US economy evolved?

 

There is [are] a couple of themes to talk about, if you wanna think about American development from say, 1800. One is the frontier, the point which Europeans have settled is constantly moving west. The frontier means that there is new arable land that’s highly productive to be brought into use. You can easily move within the United States if you got opportunities, and lability within the US is something we still see today, America is a highly geographically mobile society. What we also see as we move west is Americans discovered the diversity of the land that they are living in. Right so open in the early 19th century, parts of the United States are suitable for manufacturing, coz they have coal deposits, then the late 19th century, things like oil become important, and lo and behold! That’s there in the west, to be exploited at the right time. And because America doesn’t have these internal trade boundaries, from the beginning, it means that there’s a lot of interstate trade, Connecticut can specialize in insurance(really?, insurance can be traded?); Iowa can specialize in wheat; Texas can specialize in oil, and they can trade with each other as European economies might do if it wasn’t for trade barriers and politics.

 

America became the superpower that it is, largely because it was isolated from Europe and it had developed its own technology. To some degree, the Europeans tried to keep technology from us. So we had to kinda solve the problems for ourselves. One of the biggest problems we had in the early decades of the republic was access to capital. We really didn’t have enough money in the country. But foreign money came, it financed the canals and the turnpike building and so forth which untied the country to some measure. After the Civil War, Americans became great innovators. You think about it! The phonograph, the motion picture. All those things had beginnings in America. Americans were pioneers in spaceflight. We’ve built the first mass production automobile. And that set off an era of middle class prosperity because eventually it was accompanied by U-- unionization, and so that the production workers got a bigger chunk of the money. And in turn, they started sending their kids to college. And we became a knowledge-driven society.

 

The free market that evolved in the United States is still practiced there today.

 

The idea of a less-than-fair economy is you let people, the owners of capital, the labor market, the workers, out hit things for themselves. You don’t need to set prices; you don’t need to set wages; you don’t need to tell some people to work in this sector and not in another. So it’s cheap. It’s efficient. And that is very attractive.

 

There have been episodes in American history when governments had got a lot more involved. The Second World War is the most obvious example of where government was very heavily involved in the day-to-day business of economic life. Ultimately, I think, many Americans take the view that economies work best if private individuals are left to get on with things to have the opportunity to get the rewards of succeeding from their own enterprise. But for the most part, they take the view that it’s best to let them suffer the consequences of failure if that’s what happened.

 

You are listening to the Instant Guide to the US economy on the BBC. The US economy can be divided into two main areas. Whilst the industrial sector accounts for about 20% of the United States’ economy, close to 80% of it is dominated by service industries. These include financial services, restaurants, entertainment and domestic services. Economist, Peter Morici.

 

The US economy is so diversified. It’s hard to say there is a main employer. I mean in New York City, it's clearly the financial sector, and the media. If you go to the Midwest, the main employers are manufacturing and agriculture from western Pennsylvania all the way through Minnesota. On the West Coast, we have a lot of high-technology. And we have the airspace industry in the Pacific Northwest, in Washington. Also in Missouri, people don’t realize that, Missouri and Kansas has a lot of airspace. In the south, we have our emerging new automobile sector with the transplants around the southeast, places like Kentucky, Tennessee, Mississippi, and so forth.

 

So what does the United States export and to whom? The BBC’s Andrew Walker.

 

The United States exports a wide range of goods and services. But there’s a group of things called capital goods which includes a very wide range, including aircraft, car parts, telecommunications, equipment. That accounts for just about half of the exports of goods. But there’s also a significant trade in agricultural products, soybeans, for example, and corn are very important. The leading partners are the immediate neighbors, so Canada, and Mexico. But China is also important, so is Japan and the European Union.

 

With the Europeans, we trade just about everything. With Japan, we import a lot of cars, Korea, the same. And we send them a lot of high-tech products, a lot high valuated services, like financial services, logistic services, things of that nature. And the same applies to China. And they provide us with a lot of consumer goods, things like coffee makers, T-shirts, and electronic products and assembly.    

 

So what state is the current US economy in?   

 

The United States is clearly in a period of at best rather weaker than normal economic growth. In the fourth quarter of last year, it actually shrank slightly. The first quarter of this year, it managed some rather anemic weak growth. The domestic economy is really decidedly weak. Consumer spending is still growing. But it has slowed down. And one area where the US economy has been in significant difficulty for some time now is house building. That basically is in the middle of what only can be described as a slump. It began declining in the beginning of 2006 and has fallen by a total of 34% since then. There is no universally agreed definition of a recession. One that is very widely used, however, in relation to the rich countries is two consecutive quarters in which gross domestic product, total output of goods and services declines. Is the US in a recession in that sense? It might be, we don’t know for sure what the figures are going to be for the current three-month period.

 

Right now, the US economy is slowing down. Second quarter growth was about 2.8%. But we’re expecting growth to be closed at zero for the next three quarters. And unemployment’s about 6.1%, we’re expecting that to drift up to about 7. And we’re expecting that a new president will likely have to focus on resurrecting the economy. And if the financial crisis does not turn out to be too severe, the US economy should turn up in the second half of next year.

 

 

 

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