CNN Marketplace 2006-05-17

Michelle Wright: The number of new folks who were entering the workforce¹, who were putting money into 401K plans rose nearly 36% last year.

Carrie Lee: This is partly because more companies are automatically enrolling² workers, on average over 67% of eligible³ workers do participate in the plans. The balances still remain pretty low, the average contribution level about 8% of annual salary, the median balance just over $27,000. A lot of people don't contribute enough to get the full company match either. They're basically giving away free money. CNN's Carrie Lee.

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Michelle Wright: The government is launching a new initiative designed to alleviate⁴ traffic congestion⁵ which is quite costly⁶ to the country, says Transportation Secretary Norman Mineta.

Normal Mineta: Cargo⁷ sitting on the dock at some overwhelmed seaport⁸ or airplanes that are circling overcrowded airports. Congestion is costing America an estimated $200 billion a year.

Michelle Wright: Mineta says the government will choose 3 to 5 areas to work on that have the greatest potential to relieve traffic congestion based on current and projected growth patterns.

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Michelle Wright: When you log on to Yahoo.com today, you'll get a brand new look, as they vie to strengthen their advertising⁹ appeal.

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Michelle Wright: Wholesale¹⁰ prices jumped 9/10 of a percent last month and Economic Insights President Fred Dickson says, those price hikes for energy and food prices are a big deal to customers.

Fred Dickson: Certainly, if you spend the money on gasoline, you spend the money on food as people have to, those are necessities, it means you're gonna spend less elsewhere.

Michelle Wright: The jump is the biggest it's been in 7 months.

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Michelle Wright: And there's been a clear slowdown in the housing sectors¹¹, says National Association of Home Builder's Chief economist¹² Dave Seiders.
Dave Seiders: Our builder surveys, er, our builder survey measures builder attitudes that have been eroding¹³ really since middle last year and we just issued our housing market index for May. And it's er, it's getting down there.

Michelle Wright: According to the Commerce Department housing starts fell 7.4% last month.
Michelle Wright: With CNN Radio in the marketplace, I'm Michelle Wright.

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WORDS AND EXPRESSIONS

overwhelmed: adj. 拥堵不堪的
get a brand new look: 面貌一新，焕然一新
vie: vi. 竞争
The 401k plan:
A type of retirement¹⁴ plan available in the United States. Named after a section of the 1978 Internal Revenue Code, a 401(k) is an employer-sponsored qualified¹⁵ retirement savings¹⁶ plan. It allows you to save for your retirement while deferring¹⁷ any immediate¹⁸ income taxes on the money you save or their respective earnings¹⁹ until withdrawn²⁰. Comparable types of salary-deferral retirement plans include 403( B ) plans covering workers in educational institutions, churches, public hospitals, and non-profit organizations and 401(a) and 457 plans which cover employees of state and local governments and certain tax-exempt entities

1 workforce   

n.劳动大军，劳动力

参考例句：

• A large part of the workforce is employed in agriculture.劳动人口中一大部分受雇于农业。
• A quarter of the local workforce is unemployed.本地劳动力中有四分之一失业。

2 enrolling   

v.招收( enrol的现在分词 )；吸收；入学；加入；[亦作enrol]( enroll的现在分词 )；登记，招收，使入伍（或入会、入学等），参加，成为成员；记入名册；卷起，包起

参考例句：

• They lashed out at the university enrolling system. 他们猛烈抨击大学的招生制度。 来自辞典例句
• You're enrolling in a country club, Billy. 你是注册加入乡村俱乐部了，比利。 来自辞典例句

3 eligible   

adj.有条件被选中的；(尤指婚姻等)合适(意)的

参考例句：

• He is an eligible young man.他是一个合格的年轻人。
• Helen married an eligible bachelor.海伦嫁给了一个中意的单身汉。

4 alleviate   

v.减轻，缓和，缓解(痛苦等)

参考例句：

• The doctor gave her an injection to alleviate the pain.医生给她注射以减轻疼痛。
• Nothing could alleviate his distress.什么都不能减轻他的痛苦。

5 congestion   

n.阻塞，消化不良

参考例句：

• The congestion in the city gets even worse during the summer.夏天城市交通阻塞尤为严重。
• Parking near the school causes severe traffic congestion.在学校附近泊车会引起严重的交通堵塞。

6 costly   

adj.昂贵的，价值高的，豪华的

参考例句：

• It must be very costly to keep up a house like this.维修这么一幢房子一定很昂贵。
• This dictionary is very useful,only it is a bit costly.这本词典很有用，左不过贵了些。

7 cargo   

n.(一只船或一架飞机运载的)货物

参考例句：

• The ship has a cargo of about 200 ton.这条船大约有200吨的货物。
• A lot of people discharged the cargo from a ship.许多人从船上卸下货物。

8 seaport   

n.海港，港口，港市

参考例句：

• Ostend is the most important seaport in Belgium.奥斯坦德是比利时最重要的海港。
• A seaport where ships can take on supplies of coal.轮船能够补充煤炭的海港。

9 advertising   

n.广告业；广告活动 a.广告的；广告业务的

参考例句：

• Can you give me any advice on getting into advertising? 你能指点我如何涉足广告业吗?
• The advertising campaign is aimed primarily at young people. 这个广告宣传运动主要是针对年轻人的。

10 wholesale   

n.批发；adv.以批发方式；vt.批发，成批出售

参考例句：

• The retail dealer buys at wholesale and sells at retail.零售商批发购进货物，以零售价卖出。
• Such shoes usually wholesale for much less.这种鞋批发出售通常要便宜得多。

11 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

12 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

13 eroding   

侵蚀，腐蚀( erode的现在分词 )； 逐渐毁坏，削弱，损害

参考例句：

• The coast is slowly eroding. 海岸正慢慢地被侵蚀。
• Another new development is eroding the age-old stereotype of the male warrior. 另一个新现象是，久已形成的男人皆武士的形象正逐渐消失。

14 retirement   

n.退休，退职

参考例句：

• She wanted to enjoy her retirement without being beset by financial worries.她想享受退休生活而不必为金钱担忧。
• I have to put everything away for my retirement.我必须把一切都积蓄起来以便退休后用。

15 qualified   

adj.合格的，有资格的，胜任的，有限制的

参考例句：

• He is qualified as a complete man of letters.他有资格当真正的文学家。
• We must note that we still lack qualified specialists.我们必须看到我们还缺乏有资质的专家。

16 savings   

n.存款，储蓄

参考例句：

• I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
• By this time he had used up all his savings.到这时，他的存款已全部用完。

17 deferring   

v.拖延，延缓，推迟( defer的现在分词 )；服从某人的意愿，遵从

参考例句：

• Recently, the Supreme Court has focused on an additional reason for deferring to administrative agencies. 最近，最高法院强调了尊重行政机构的另一种理由。 来自英汉非文学 - 环境法 - 环境法
• Think of it as deferring part of the compiler's job to runtime. 可以认为这是将编译器的部分工作延迟到了运行时。 来自互联网

18 immediate   

adj.立即的；直接的，最接近的；紧靠的

参考例句：

• His immediate neighbours felt it their duty to call.他的近邻认为他们有责任去拜访。
• We declared ourselves for the immediate convocation of the meeting.我们主张立即召开这个会议。

19 earnings   

n.工资收人；利润，利益，所得

参考例句：

• That old man lives on the earnings of his daughter.那个老人靠他女儿的收入维持生活。
• Last year there was a 20% decrease in his earnings.去年他的收入减少了20%。

20 withdrawn   

vt.收回；使退出；vi.撤退，退出

参考例句：

• Our force has been withdrawn from the danger area.我们的军队已从危险地区撤出。
• All foreign troops should be withdrawn to their own countries.一切外国军队都应撤回本国去。