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Hello, I'm Melissa Long here at the CNN Center in Atlanta on this Monday afternoon. Here is a look at some of the stories happening NOW IN THE NEWS.

President Bush is set to lift an executive ban on offshore¹ oil drilling. Federal law still prohibits new offshore oil drilling projects. The White House says the president is pressuring Congress to repeal² that law. President George H. W. Bush issued the executive order back in 1990. Critics say additional offshore oil drilling would not have any immediate³ impact on oil prices because of exploration taking years.

IndyMac Bank has opened its doors with federal regulators in charge of its operations and a new name: IndyMac Federal Bank. Banking⁴ regulators took control of that bank on Friday as the latest victim in the mortgage crisis. At one time, the Pasadena-based bank was one of the biggest mortgage lenders in the country. The FDIC says IndyMac's collapse⁵ could become the most expensive bank failure in US history. IndyMac is not related to mortgage giants: Fannie Mae or Freddie Mac.

The Obama campaign and Republican presidential hopeful John McCain are both slamming the New Yorker magazine over the cover of its issue that hits newsstands today. The illustration depicts⁶ Senator Obama in the Oval Office wearing traditional Muslim clothing, fist-bumping his wife; she has a machine gun slung⁷ over her shoulder. The New Yorker is defending the cartoon, saying the artist is satirizing⁸ the use of scare tactics and misinformation in the presidential election to derail Barack Obama's campaign.

An award today for newly freed French-Colombian hostage Ingrid Betancourt. France's president awarded her with France's highest accolade⁹, the Legion of Honor. He praised Betancourt as a symbol of hope. The award came during an event marking Bastille Day, which is France's national holiday. Betancourt spent more than six years as captive by Colombian rebels in the jungles. She along with 14 others was freed during a daring rescue operation on July 2nd.

And the King of Beers will have a new owner as part of the world's largest brewing¹⁰ company. A Belgian brewer¹¹ is buying Anheuser-Busch, maker¹² of Budweiser and other beers, for 52 billion dollars. The buyer InBev says the deal will help Budweiser to expand the emerging markets like China, Russia and Brazil. Anheuser-Busch has nearly half the US market. InBev says it's committed to keeping all of Anheuser's American breweries¹³ open.

And those are the headlines at this hour on this Monday. Do stay with CNN for more on these stories or other news of the day.

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收听单词发音

1 offshore
adj.海面的，吹向海面的；adv.向海面
参考例句：
A big program of oil exploration has begun offshore.一个大规模的石油勘探计划正在近海展开。 A gentle current carried them slowly offshore.和缓的潮流慢慢地把他们带离了海岸。

2 repeal
n.废止，撤消；v.废止，撤消
参考例句：
He plans to repeal a number of current policies.他计划废除一些当前的政策。 He has made out a strong case for the repeal of the law.他提出强有力的理由，赞成废除该法令。

3 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。

4 banking
n.银行业，银行学，金融业
参考例句：
John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。 He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

5 collapse
vi.累倒；昏倒；倒塌；塌陷
参考例句：
The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。 The engineer made a complete diagnosis of the bridge's collapse.工程师对桥的倒塌做了一次彻底的调查分析。

6 depicts
描绘，描画( depict的第三人称单数 )；描述
参考例句：
The book vividly depicts French society of the 1930s. 这本书生动地描绘了20 世纪30 年代的法国社会。 He depicts the sordid and vulgar sides of life exclusively. 他只描写人生肮脏和庸俗的一面。

7 slung
抛( sling的过去式和过去分词 )；吊挂；遣送；押往
参考例句：
He slung the bag over his shoulder. 他把包一甩，挎在肩上。 He stood up and slung his gun over his shoulder. 他站起来把枪往肩上一背。

8 satirizing
v.讽刺，讥讽( satirize的现在分词 )
参考例句：
River morals " is novel satirizing the knight novel. " 《堂吉河德》是一部讽刺骑士小说的小说。来自互联网 Marlows delights in excesses, until sometimes he seems to be satirizing his own manner. 马洛老爱走极端，直到他有时嘲笑自己的态度。来自互联网

9 accolade
n.推崇备至，赞扬
参考例句：
Four restaurants have been awarded the highest accolade of a three-star rating.四家餐馆获授予三星级餐馆的最高荣誉称号。 The Nobel prize has become the ultimate accolade in the sciences.诺贝尔奖已成为科学界的最高荣誉。

10 brewing
n. 酿造, 一次酿造的量动词brew的现在分词形式
参考例句：
It was obvious that a big storm was brewing up. 很显然，一场暴风雨正在酝酿中。 She set about brewing some herb tea. 她动手泡一些药茶。

11 brewer
n. 啤酒制造者
参考例句：
Brewer is a very interesting man. 布鲁尔是一个很有趣的人。 I decided to quit my job to become a brewer. 我决定辞职，做一名酿酒人。

12 maker
n.制造者，制造商
参考例句：
He is a trouble maker，You must be distant with him.他是个捣蛋鬼，你不要跟他在一起。 A cabinet maker must be a master craftsman.家具木工必须是技艺高超的手艺人。

13 breweries
酿造厂，啤酒厂( brewery的名词复数 )
参考例句：
In some cases, this is desirable, but most breweries prefer lighter-type beers. 在一些情况下，这是很理想的，但是大多数啤酒厂更倾向于生产酒度较低的啤酒。 Currently, there are 58 breweries producing Snow Beeracross the country. 目前，全国共有58个雪花啤酒厂。