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From NPR News in Washington, I'm Lakshmi Singh.
Federal Reserve Chairman Ben Bernanke says the sharp government spending cuts set to take effect Friday will create a significant headwind for the economic recovery. Bernanke has delivered the Fed semi-annual report to the Senate Banking1 Committee. NPR's Craig Windham says Bernanke is defending the Fed's bond-buying program, which is aimed at keeping borrowing costs low.
The Fed is buying about 85 billion dollars in treasury2 and mortgage-backed securities a month. Bernanke says that has been good for the economy.
"Notably3, keeping longer term interest rates low has helped spark recovery in the housing market and led to increased sales and production of automobiles4 and other durable5 goods.”
Bernanke says while the Fed is trying to stimulate6 the economy, the upcoming across-the-board spending cuts known as the sequester7 would have the opposite effect, restraining growth. He says there’s a better way to bring down the deficit8.
"I think an appropriate balance would be to introduce these cuts more gradually and to compensate9 with larger and more sustained cuts in the longer run to address our long-run fiscal10 issues.”
Craig Windham, NPR News, Washington.
Chuck Hagel is a crucial step closer to becoming secretary of defense11. Today lawmakers voted to end the GOP filibuster12 on the former Republican senator, clearing the way for a final up or down confirmation13 vote. Hagel encountered resistance after breaking with fellow Republicans on various aspects of foreign policy including Iran and nuclear arms.
Speaking of, the first day of nuclear talks in Kazakhstan has ended with Iran contemplating14 a revised offer from six world powers. NPR's Peter Kenyon reports that Western officials hope the Iranians will return tomorrow with a substantive15 response.
The international side is for the first time offering some sanctions relief to the Iranians. But it's believed to be only modest economic relief in exchange for substantial concessions16 on Iran's nuclear program. EU spokesman Michael Mann says the success of the talks depends very much on how Iran responds to the latest proposal.
"The onus17 is very much on the Iranians. They are of course in breach18 of Security Council resolutions, and we are hoping that they can show some flexibility19 and that the process can continue.”
Iranian officials said they came to Kazakhstan with several possible counteroffers, but so far none has been put on the table. Peter Kenyon, NPR News, Almaty, Kazakhstan.
In New York City, a bell tolled20 at 12:18 PM in memory of the six people killed 20 years ago today in the first terrorist attack on the World Trade Center. More than 1,000 people were also hurt in the 1993 attack.
And (in) Ohio, teenagers have pleaded guilty of killing21 three students and wounding three others nearly a year ago at a high school in Chardon. The Associated Press reports that in return prosecutors22 have agreed to drop the possibility of the death penalty for T.J. Lane. The 18-year-old may now face life in prison.
You’re listening to NPR News.
As the Roman Catholic Church prepares for a new pope to lead the world's estimated one billion catholics, the Vatican says Pope Benedict XVI has settled on what he will be called after he retires this week.
"His Holiness Benedict XVI, that name will remain with him, Emeritus23 Pope or Pope Emeritus or the Roman Pontiff Emeritus.”
Reverend Thomas Rosica, spokesperson for the Vatican, announcing Benedict's post-retirement title. The issue fuels concern over a conflict of interest that could arise from having both the ruling and the retired24 pope, something the church hasn’t experienced in hundreds of years.
Former IMF chief Dominique Strauss-Kahn filed suit today to halt the publication of a book by an author sharing details of her 2012 liaison25. NPR's Eleanor Beardsley reports that “Beauty and the Beast” is set for release on Wednesday.
The book is the latest chapter in the life of the former French presidential hopeful since he was accused of sexual aggression26 by a New York hotel maid in May, 2011. The author, Marcela Iacub, admits to mixing fiction with reality in her attempt to portray27 Strauss-Kahn. The liaison took place in the midst of the New York hotel sex scandal when Strauss-Kahn was still married to former journalist Anne Sinclair, whose money paid for his defense. Strauss-Kahn's lawyers said they will seek the seizure28 of the book after suing Iacub and her publisher for an attack on his private life. Failing that, his lawyers will demand that every copy of the book carry an insert. They have not yet said what the insert will say. Eleanor Beardsley, NPR News, Paris.
Dow was up 116 points at 13,900, NASDAQ gaining 15 at 3,131, S&P 500 up nine at 1,497.
I'm Lakshmi Singh, NPR News.
点击收听单词发音
1 banking | |
n.银行业,银行学,金融业 | |
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2 treasury | |
n.宝库;国库,金库;文库 | |
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3 notably | |
adv.值得注意地,显著地,尤其地,特别地 | |
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4 automobiles | |
n.汽车( automobile的名词复数 ) | |
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5 durable | |
adj.持久的,耐久的 | |
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6 stimulate | |
vt.刺激,使兴奋;激励,使…振奋 | |
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7 sequester | |
vt.使退隐,使隔绝 | |
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8 deficit | |
n.亏空,亏损;赤字,逆差 | |
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9 compensate | |
vt.补偿,赔偿;酬报 vi.弥补;补偿;抵消 | |
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10 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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11 defense | |
n.防御,保卫;[pl.]防务工事;辩护,答辩 | |
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12 filibuster | |
n.妨碍议事,阻挠;v.阻挠 | |
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13 confirmation | |
n.证实,确认,批准 | |
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14 contemplating | |
深思,细想,仔细考虑( contemplate的现在分词 ); 注视,凝视; 考虑接受(发生某事的可能性); 深思熟虑,沉思,苦思冥想 | |
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15 substantive | |
adj.表示实在的;本质的、实质性的;独立的;n.实词,实名词;独立存在的实体 | |
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16 concessions | |
n.(尤指由政府或雇主给予的)特许权( concession的名词复数 );承认;减价;(在某地的)特许经营权 | |
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17 onus | |
n.负担;责任 | |
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18 breach | |
n.违反,不履行;破裂;vt.冲破,攻破 | |
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19 flexibility | |
n.柔韧性,弹性,(光的)折射性,灵活性 | |
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20 tolled | |
鸣钟(toll的过去式与过去分词形式) | |
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21 killing | |
n.巨额利润;突然赚大钱,发大财 | |
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22 prosecutors | |
检举人( prosecutor的名词复数 ); 告发人; 起诉人; 公诉人 | |
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23 emeritus | |
adj.名誉退休的 | |
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24 retired | |
adj.隐退的,退休的,退役的 | |
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25 liaison | |
n.联系,(未婚男女间的)暖昧关系,私通 | |
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26 aggression | |
n.进攻,侵略,侵犯,侵害 | |
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27 portray | |
v.描写,描述;画(人物、景象等) | |
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28 seizure | |
n.没收;占有;抵押 | |
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