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[Report] SENEWS-2019-07-04

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[Report] SENEWS-2019-07-04

SENEWS-20190704 Report


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【电信用户1】在线播放和下载
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【电信用户2】在线播放和下载
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【网通/教育网】在线播放和下载 (推荐教育网用户用网通这个服务器下载)


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【迅雷高速】下载
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[Homework]SENEWS-2019-07-04

Former Pink Floyd musician, x, sold his guitar collection last month for 21.5 million dollars at an auction to raise money for Midi organizations. The collection included his well-known Black Strat Fender Stratocaster. It was sold for nearly four million dollars to the owner of a U.S. National Football League team. The sale set a musical instrument record. It came just a few weeks after the company Sotheby's sold x, a painting by Claude Monet for 110 million dollars, a record price for an impressionist painting. And it is not just instruments and paintings that are being bought by rich people around the world. The longest U.S. economic expansion in history has brought news of big spending. It also has raised concerns about the distance between the rich and everyone else. For some people, the high price of some goods is a sign of too much wealth. The bank UBS says the number of billionaires in the United States has increased from 267 in 2008 to 607 in 2018. The rich have gotten richer, and they've gotten richer faster, said x. He is Head of Private Wealth Management, an ultra-high net worth at UBS Global Wealth Management. But there are signs of problems at lower-income levels. Information from the U.S. central bank suggests that by 2016, the richest 20% of Americans held 88% of the country's wealth. The federal government says that more than 39 million people need to use food assistance programs. That is not as many as the high of over 47 million in 2013. But still, it is up 40% from 2008. At the same time, the country's population has only grown about 8%. The U.S. economy has expanded a record-setting 121 months. That means the economy has been growing continuously for over ten years. And it has been more than ten years since the financial crisis of 2007-2008. At that time, some people worried about the future of the financial system and even of capitalism. As a result, the U.S. government moved quickly to calm markets and lower interest rates after the U.S. housing market collapsed. But many people are concerned that efforts at that time did little to deal with income and wealth inequality. Now some worry that high costs and over-spending could lead to another kind of financial crisis. The term the wealth effect is sometimes used to describe how people spend more freely when they have a lot of money. The examples of higher prices or values are big and small. The cost of a dinner at the French Laundry, a popular California restaurant, is up 35% to 325 dollars per person. The U.S. stock market has gone up more than 200% in the last ten years. Investor x set a record in January when he bought a home for nearly 238 million dollars new New York's Central Park. The website streeteasy.com says rents in New York have risen two times faster than pay from 2010 to 2017. This can make it hard for lower-income people to find a place to live. U.S. home prices than they were during the financial crisis. The group, Coalition for the Homeless, says the number of people sleeping in shelters is 70% higher than it was ten years ago. The housing opportunity for them is not getting any better, said x. She is CEO at Central Berkshire Habitat for Humanity in x, Massachusetts. The organization builds houses for the poor. She said high healthcare costs and a lack of large employers mean fewer jobs in some areas. Food and housing costs remain high. Some economic policy-makers worry that the gains made by low-income people in the last ten years will be lost. Employment, however, remains strong. The Bureau of Labor Statistics reported the most recent unemployment rate at 3.6% for May. That is one of the lowest rates of unemployment in U.S. history. Federal Reserve Chairman Jerome Powell said recently many people who in the past struggled to stay in the workforce are now getting an opportunity. He added it was important to keep the economic expansion going.

I'm x.

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