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2013년 5월 21일 화요일

EBS World News (5/20)




Dow Hits an All Time High
The stampede on Wall Street reached a new milestone today. The Dow is now up a staggering 130% since hitting rock-bottom in March 2009. In real terms, if you invested $10,000 during the worst of the great recession, today, you'd have more than doubled your money to almost $23,000. The winning streak on Wall Street is now over four years long. That means this bull market run is about six months longer than normal. But it's still five years shorter than the best run ever. So, the question now is, where do stocks go from here?  Well, I spoke to traders here at the New York Stock Exchange and they say they're using history as their guide. This is the strongest start to a year since 1991. And back in 1991, stocks rose an additional 10%.


Key Vocabulary& Expressions
* stampede 우르르 몰림경쟁쇄도 
ex> Falling interest rates had led to a stampede to buy property.
* milestone 이정표기록중요한 시점
* Dow 다우(지수), 다우 존스
* staggering 엄청난막대한 = very surprising
ex> The results have been quite staggering.
* rock-bottom  밑바닥최저선  ex> Their marriage had reached rock bottom.
* winning streak 연승
* bull market 강세 시장 <-> bear market 약세 시장



Political Firestorm Erupts in IRS 'Tea Party' Scandal
The IRS may be in need of an audit, say critics, after revelations it specifically went after conservative Tea Party groups. [...] New allegations from the IRS Inspector General's report due out this week reportedly claim that senior IRS officials knew about the targeting, as early as 2011. So why did the agency's commissioner, appointed by George W. Bush, say this to congress last year... "There's absolutely no targeting." The IRS is apologizing, saying none of the groups scrutinized had its tax-exempt status revoked, but acknowledged some withdrew their applications.


Key Vocabulary & Expressions
* IRS(Internal Revenue Service) = 미국 국세청
* audit [|ɔ:dɪt] 회계감사
* to go after someone/something = ~ 쫓다추격하다
e.g. the brave citizen went after the thieves
* Tea Party = 미국의 보수주의 유권자 단체
* targeting (noun) = 표적화
e.g. hit the target
* to scrutinize면밀히 조사하다세심하게 살피다
e.g. customers were warned to scrutinize the small print
* tax-exempt: 비과세의  ex> tax-exempt savings 비과세 저축
* to revoke  [rɪ|voʊk] 철회하다취소하다
e.g. the men appealed and the sentence was revoked
* to withdraw = 철수하다물러나다최소하다
e.g. the party threatened to withdraw its support for the government

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