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1.Markets go on a wild ride, with the Dow going back and forth¹ between positive and negative territory all day, dropping nearly 700 points early on before closing down by more than 100 points. This has been the Dow’s worst week ever.

2.President Bush says it will take time, but the government’s financial rescue plan is big enough to steady the markets. The world’s major economists² are now huddling³ in Washington, trying to thaw⁴ credit markets and end the global panic.

3.Finland’s Martti Ahtisaari wins the Nobel Peace Prize, the former president of Finland hails for his peace- building efforts around the world. But some wanted Chinese human rights activists⁵ singled out for their protests in Tibet.

4.In North Korea, a colorful show of mass choreography, this performance marking the 63rd anniversary of the ruling party, featuring almost 100,000 participants, many students and children, but no sign of leader Kim Jong Il , whose health has been questioned by the west.

WORDS IN THE NEWS

1.huddle⁶ vi.

American English to sit or stand with a small group of people in order to discuss something privately:
The executive board huddled⁷ to discuss the issue.

2.thaw (out) phrasal verb
if your body thaws⁸ out, or if you thaw it out, it gets warmer until it is a normal temperature again
thaw something ↔ out
He held his hands in front of the fire to thaw them out.

3.single somebody/something ↔ out phrasal verb
to choose one person or thing from among a group because they are better, worse, more important etc than the others
I don't see why he should be singled out for special treatment.

4.choreography[uncountable]n.
the art of arranging how dancers should move during a performance