Who will replace Ben Bernanke and run US banks (Part 1)
For the past few years, investors have relied on this
man - Ben Bernanke - to keep the cheap money flowing to support America's
economy. / Now, everyone wants to know who will manage the recovery when he's
gone. / The president has been open about the choice he faces.
"It is definitely one of the most important
economic decisions that I'll make in the remainder of
my presidency." (US President
Barack Obama) /
He seems split between Federal Reserve Vice Chairman
Janet Yellen and former Treasury Secretary Larry Summers.
KEY WORDS
rely on ~에 의지하다, 의존하다
= depend on with full trust or confidence:
e.g. I know I can rely on your
discretion (Oxford)
flow of money 자금의 흐름
remainder 나머지
= a part that is still to come
e.g. the remainder of the year
= [Mathematics] the number which is left over in a
division in which one quantity does not exactly divide another
e.g. 23 divided by 3 is 7, remainder 2 (Oxford)
presidency 대통령 직 임기
= the period of a president’s office
e.g. He was a White House official during the Bush presidency.
Who will replace
Ben Bernanke and run US banks (Part 2)
It's not hard to understand why Summers is a front-runner. / An economic advisor to
three presidents, he's been involved in every major financial crisis since the
90s. / [...] Unlike Mr. Summers, the other serious candidate for the job
- Janet Yellen - has never worked on Wall Street. / [...] She jumped
straight from academia to
work at America's central bank. The advantage she brings is that she
helped shape current
policy.
KEY WORDS
front-runner 가장
유력한 (우승) 후보
serious candidate: 강력한
후보
academia 학계
= the environment or community concerned with the
pursuit of research, education, and scholarship
e.g. he spent his working life in academia (Oxford)
shape (verb) 형성하다
= someone or something that shapes a situation or an
activity has a very great influence on the way it develops
e.g. She had a leading role in shaping party policy.
Who will replace
Ben Bernanke and run US banks (Part 3)
The battle to replace Mr. Bernanke has been unusually
public. Even Hollywood has weighed
in, with actress and singer Bette Midler expressing her opinion on Twitter.
/ There's talk about whether gender is playing a role. If appointed,
Janet Yellen would be the first female head of the Federal Reserve. / But on
Wall Street, they have slightly different concerns. / For investors, the next Fed chair is like a surgeon returning to the operating theatre in
the middle of a procedure. / After all the cheap money that has been poured
into the US economy, what matters to
them is who will decide
when and how that will come to an end.
KEY WORDS
weigh in (논의 등에) 관여하다, 끼어들다, 거들다
= to join in a discussion, an argument, etc. by saying
something important or doing something to help
e.g. We all weighed in with
helpful suggestions. (Collins)
concerns 걱정, 염려, 관심사
e.g. If you suspect depression, be sure to tell doctors
about your concerns. (CNN)
e.g. There are a lot of concerns for
anyone who owns a dog. (The Telegraph)
e.g. Investors ran scared as concerns about liquidity gripped the
markets. (The Telegraph)
chair (chairman, chairwoman) 의장
what matters is 중요한
것은, 문제는
e.g. What mattered was how
popular you were. (CNN)
e.g. What matters is your intention, not the length of
time you live there. (The Telegraph)
e.g. What matters is that you try to practice
relaxation regularly to reap the benefits. (CNN)
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