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资料：Children back at school, nights slowly starting to draw in and the weather more changeable. The seasons are turning and after an eerily calm summer for financial markets, there's a whiff of uncertainty in the air. Bond yields are up from their lows, and the relentless migration of global capital towards any asset, anywhere, with some yield, is slowing.
The concern is the growing awareness of central banks' waning ability to boost growth with ever-lower interest rates and ever-bigger purchases of assets. The debate about if, when and how slowly the US Federal Reserve will raise interest drags on, but if downward pressure on global bond yields from the European Central Bank （ECB） and the Bank of Japan's （BOJ） largesse is drawing to a close, that's a bigger milestone for markets.
A world of higher bond yields is one where the pressure to seek yield in exotic places is diminished. It's also a world where the capital gains that accompanied falling yields become capital losses and investors question the merit of bonds over cash （or equities）.
This search for yield in exotic places has, since the end of January, helped the Brazilian real gain more than 20% against the US dollar, with the Russian rouble managing almost as much. The dollar, itself, has fallen back is by 7.5% fall in trade-weighted terms, unwinding nearly 40% of the gains it has seen since mind-2014.
There's no need to panic about bond yields rising, because rate rises in Japan or the Eurozone are years away and the Fed's still tinkering. But 10-year yields on both German and Japanese government bond yields fell below zero for the first time in late June. They have been edging higher through the summer. It's almost as if investors really aren't that keen on tying money up at negative yields for that long – why not stick to cash?
In the US, estimates of "neutral" real interest rates are tumbling to around zero. Estimates of how much slack there is left in the labour market are being revised up and after five years when productivity growth has averaged a measly 0.5%, there's widespread acceptance that it's unlikely to accelerate by magic.
But even if we take all of this into account, markets are now pricing in an extraordinarily slow pace of rate hikes by the Fed – from their current 0.25-0.5% range, to about 0.75% by the end of 2017 and to 1% by the end of 2018.
GDP growth still oscillates around 2%, the Fed's favoured measure of inflation is at 1.6% and the unemployment rate is trending lower. The pricing of the future path of short term rates seems too low even for the "new normal" economic environment.
All of these currencies have gained against the pound and I can't see that changing. Too much importance should not be placed on either the collapse in confidence immediately after the vote to leave the EU or the subsequent bounce.
The economic impact of leaving the EU will be felt through delayed investment decisions as a result of uncertainty about when and on what terms it happens. A debilitating rather than a corrosive impact on the economy will be seen in slower, but positive growth. It will also be felt in further （slower） sterling weakness.
The Bank of England has already cut policy rates from 0.5% to 0.25%, and there's more to come from both the Bank and the pound over the next year. A 5% fall from here would take the pound close to €1.1, and we could see it fall below $1.25 as the Federal Reserve edges rates higher.
According to the the passage which of the followings is true?
The concern is the growing awareness of central banks' waning ability to boost growth with ever-lower interest rates and ever-bigger purchases of assets. The debate about if, when and how slowly the US Federal Reserve will raise interest drags on, but if downward pressure on global bond yields from the European Central Bank （ECB） and the Bank of Japan's （BOJ） largesse is drawing to a close, that's a bigger milestone for markets.
A world of higher bond yields is one where the pressure to seek yield in exotic places is diminished. It's also a world where the capital gains that accompanied falling yields become capital losses and investors question the merit of bonds over cash （or equities）.
This search for yield in exotic places has, since the end of January, helped the Brazilian real gain more than 20% against the US dollar, with the Russian rouble managing almost as much. The dollar, itself, has fallen back is by 7.5% fall in trade-weighted terms, unwinding nearly 40% of the gains it has seen since mind-2014.
There's no need to panic about bond yields rising, because rate rises in Japan or the Eurozone are years away and the Fed's still tinkering. But 10-year yields on both German and Japanese government bond yields fell below zero for the first time in late June. They have been edging higher through the summer. It's almost as if investors really aren't that keen on tying money up at negative yields for that long – why not stick to cash?
In the US, estimates of "neutral" real interest rates are tumbling to around zero. Estimates of how much slack there is left in the labour market are being revised up and after five years when productivity growth has averaged a measly 0.5%, there's widespread acceptance that it's unlikely to accelerate by magic.
But even if we take all of this into account, markets are now pricing in an extraordinarily slow pace of rate hikes by the Fed – from their current 0.25-0.5% range, to about 0.75% by the end of 2017 and to 1% by the end of 2018.
GDP growth still oscillates around 2%, the Fed's favoured measure of inflation is at 1.6% and the unemployment rate is trending lower. The pricing of the future path of short term rates seems too low even for the "new normal" economic environment.
All of these currencies have gained against the pound and I can't see that changing. Too much importance should not be placed on either the collapse in confidence immediately after the vote to leave the EU or the subsequent bounce.
The economic impact of leaving the EU will be felt through delayed investment decisions as a result of uncertainty about when and on what terms it happens. A debilitating rather than a corrosive impact on the economy will be seen in slower, but positive growth. It will also be felt in further （slower） sterling weakness.
The Bank of England has already cut policy rates from 0.5% to 0.25%, and there's more to come from both the Bank and the pound over the next year. A 5% fall from here would take the pound close to €1.1, and we could see it fall below $1.25 as the Federal Reserve edges rates higher.
According to the the passage which of the followings is true?
A.The Federal reserve may raises interest rates in December （after the US election）to push towards the GDP growth around 2%
B.The Fed thinks that the current inflation rate in the Unites States remain below 1.6% to help increase the employment rate
C.After the vote to leave the EU all of these currencies mentioned have gained against the pound and such trend will continue on
D.There’s widespread acceptance in the United States that real interest rates are falling to around zero with the rising sluggish labour market and about 0.5% of productivity growth but various economic indicators will not appear miraculous accelerated phenomenon
B.The Fed thinks that the current inflation rate in the Unites States remain below 1.6% to help increase the employment rate
C.After the vote to leave the EU all of these currencies mentioned have gained against the pound and such trend will continue on
D.There’s widespread acceptance in the United States that real interest rates are falling to around zero with the rising sluggish labour market and about 0.5% of productivity growth but various economic indicators will not appear miraculous accelerated phenomenon
参考答案
参考解析
解析：本题考查的是细节理解。
【关键词】true
【主题句】All of these currencies have gained against the pound and I can ‘t see that changing. 所有这些货币兑英镑都升值了，我看不出有什么变化。
【解析】本题问的是“根据本文以下哪项是正确的？”选项A意为“美联储（Federal reserve）可能会在12月（美国大选后）提高利率，以推动GDP增长2%左右。”与文中“The debate about if when and how slowly the US Federal Reserve will raise interest drags on.美联储是否会在何时、如何缓慢的增加利率的讨论仍在继续。”不符，故错误；选项B意为“美联储认为，目前美国的通货膨胀率仍低于1.6%，以帮助提高就业率。”与文中“GDP growth still oscillates around 2% the Fed’s favoured measure of inflation is at 1.6% and the unemployment rate is trending lower.国内生产总值（GDP）增长率仍徘徊在2%左右，美联储青睐的通胀指标为1.6%，失业率也在下降。 ”不符，故错误；选项C意为“在投票退出欧盟后，上述所有货币都对英镑升值，这种趋势将继续下去。”结合主题句，故正确；选项D意为“在美国，人们普遍认为，随着劳动力市场的疲软和生产率增长的0.5%，实际利率将降至零左右，但各种经济指标不会出现奇迹加速现象。”与文中“ Estimates of how much slack there is left in the labour market are being revised up and after five years when productivity growth has averaged a measly 0.5% there’s widespread acceptance that it’s unlikely to accelerate by magic.对劳动力市场疲软程度的预估正在被修正，五年后，当生产率增长只有微不足道的0.5%时，人们普遍认为它不太可能奇迹般加速。”不符，故错误。
【关键词】true
【主题句】All of these currencies have gained against the pound and I can ‘t see that changing. 所有这些货币兑英镑都升值了，我看不出有什么变化。
【解析】本题问的是“根据本文以下哪项是正确的？”选项A意为“美联储（Federal reserve）可能会在12月（美国大选后）提高利率，以推动GDP增长2%左右。”与文中“The debate about if when and how slowly the US Federal Reserve will raise interest drags on.美联储是否会在何时、如何缓慢的增加利率的讨论仍在继续。”不符，故错误；选项B意为“美联储认为，目前美国的通货膨胀率仍低于1.6%，以帮助提高就业率。”与文中“GDP growth still oscillates around 2% the Fed’s favoured measure of inflation is at 1.6% and the unemployment rate is trending lower.国内生产总值（GDP）增长率仍徘徊在2%左右，美联储青睐的通胀指标为1.6%，失业率也在下降。 ”不符，故错误；选项C意为“在投票退出欧盟后，上述所有货币都对英镑升值，这种趋势将继续下去。”结合主题句，故正确；选项D意为“在美国，人们普遍认为，随着劳动力市场的疲软和生产率增长的0.5%，实际利率将降至零左右，但各种经济指标不会出现奇迹加速现象。”与文中“ Estimates of how much slack there is left in the labour market are being revised up and after five years when productivity growth has averaged a measly 0.5% there’s widespread acceptance that it’s unlikely to accelerate by magic.对劳动力市场疲软程度的预估正在被修正，五年后，当生产率增长只有微不足道的0.5%时，人们普遍认为它不太可能奇迹般加速。”不符，故错误。
更多 “资料：Children back at school, nights slowly starting to draw in and the weather more changeable. The seasons are turning and after an eerily calm summer for financial markets, there's a whiff of uncertainty in the air. Bond yields are up from their lows, and the relentless migration of global capital towards any asset, anywhere, with some yield, is slowing. The concern is the growing awareness of central banks' waning ability to boost growth with ever-lower interest rates and ever-bigger purchases of assets. The debate about if, when and how slowly the US Federal Reserve will raise interest drags on, but if downward pressure on global bond yields from the European Central Bank （ECB） and the Bank of Japan's （BOJ） largesse is drawing to a close, that's a bigger milestone for markets. A world of higher bond yields is one where the pressure to seek yield in exotic places is diminished. It's also a world where the capital gains that accompanied falling yields become capital losses and investors question the merit of bonds over cash （or equities）. This search for yield in exotic places has, since the end of January, helped the Brazilian real gain more than 20% against the US dollar, with the Russian rouble managing almost as much. The dollar, itself, has fallen back is by 7.5% fall in trade-weighted terms, unwinding nearly 40% of the gains it has seen since mind-2014. There's no need to panic about bond yields rising, because rate rises in Japan or the Eurozone are years away and the Fed's still tinkering. But 10-year yields on both German and Japanese government bond yields fell below zero for the first time in late June. They have been edging higher through the summer. It's almost as if investors really aren't that keen on tying money up at negative yields for that long – why not stick to cash? In the US, estimates of "neutral" real interest rates are tumbling to around zero. Estimates of how much slack there is left in the labour market are being revised up and after five years when productivity growth has averaged a measly 0.5%, there's widespread acceptance that it's unlikely to accelerate by magic. But even if we take all of this into account, markets are now pricing in an extraordinarily slow pace of rate hikes by the Fed – from their current 0.25-0.5% range, to about 0.75% by the end of 2017 and to 1% by the end of 2018. GDP growth still oscillates around 2%, the Fed's favoured measure of inflation is at 1.6% and the unemployment rate is trending lower. The pricing of the future path of short term rates seems too low even for the "new normal" economic environment. All of these currencies have gained against the pound and I can't see that changing. Too much importance should not be placed on either the collapse in confidence immediately after the vote to leave the EU or the subsequent bounce. The economic impact of leaving the EU will be felt through delayed investment decisions as a result of uncertainty about when and on what terms it happens. A debilitating rather than a corrosive impact on the economy will be seen in slower, but positive growth. It will also be felt in further （slower） sterling weakness. The Bank of England has already cut policy rates from 0.5% to 0.25%, and there's more to come from both the Bank and the pound over the next year. A 5% fall from here would take the pound close to €1.1, and we could see it fall below $1.25 as the Federal Reserve edges rates higher. According to the the passage which of the followings is true?A.The Federal reserve may raises interest rates in December （after the US election）to push towards the GDP growth around 2% B.The Fed thinks that the current inflation rate in the Unites States remain below 1.6% to help increase the employment rate C.After the vote to leave the EU all of these currencies mentioned have gained against the pound and such trend will continue on D.There’s widespread acceptance in the United States that real interest rates are falling to around zero with the rising sluggish labour market and about 0.5% of productivity growth but various economic indicators will not appear miraculous accelerated phenomenon” 相关考题
考题
In the opinion of most parents, .A. economics should be the focus of school teachingB. more students should be admitted to universitiesC. the teaching of financial matters should be strengthened.D. children should solve financial problems themselves
考题
It is not stated but implied in the passage that ______.A. Ellsworth Huntington is a fortune-teller rather than a scientistB. cool weather is more effective on man's creative thinkingC. certain elements in nature are more active in one season than in other seasonsD. summer is a good season for vacation
考题
All too ( ) it was time for the kids to go back to school after the most merry summer holidays.
A、soonB、quickC、lateD、fast
考题
After casting off moorings at a mooring buoy in calm weather，you should______．A.go full ahead on the engine(s)B.back away a few lengths to clear the buoy and then go ahead on the enginesC.go half ahead on the engines and put the rudder hard rightD.go half ahead on the engines and pass upstream of the buoy
考题
A new scheme for getting children to and from school is being started by the education authorities in part of Eastern England． This could end the worries of many parents fearful for their children's safety on the roads．
Until now the Country Council has only been prepared to provide bus services for children living more than three miles from their school, or sometimes less if special reasons existed． Now it has been decided that if a group of parents ask for help in organizing transport they will be prepared to go ahead, provided the arrangement will not lose money and that children taking part will be attending their nearest school．
The new scheme is to be tried out this term for children living at Milton who attend Impington school． The children live just within the three-mile limit and the Council has said in the past it will not undertake to provide free transport to the school． But now they have agreed to organize a bus service from Milton to Impington and back, a plan which has the support of the school's headmaster．
Between 50 and 60 parents have said they would like their children to take part in． Final calculations have still to be carried out, but a council official has said the cost of parents should be less than $6．50 a tenn．
They have been able to arrange the service at a low cost because there is already an agreement with the bus company for a bus to take children who live further away to Impington． The same bus would now just make an extra journey to pick up the Milton children． The official said they would get in touch with other groups of parents who in the past had asked if transport could be provided for their children, to see if they would like to take part in the new scheme．
The new bus service will run__________．A.on morning journeys to school only
B.in connection with an existing service
C.only for children living more than three miles away
D.only in wet weather
考题
Children for whom school has no point
Many children do not go to school either because their parents want them at home as carers for siblings,or simply because their parents cannot be bothered to send them．Thousands more are not registered at any school at all,because of their families'unstable lives.
Underlying this dreadful situation there are two central truths．First of all,the problem of children not going to school often has more to do with their parents than with the children themselves．Secondly,once children go to school,we need to make sure that the experience is a positive one so that they want to keep on going.
In Britain,the Ministry of Education has introduced a complex package of sticks and carrots to persuade Schools to bring truants'and excluded children back into the classroom．It is paying grants so that a thousand schools can set up special units to help these children．Schools receive the grant if they bring a target number of children back to school;if they do not meet the target,the grant is withdrawn.
Parents are the subject of this campaign,too:the Home Office has introduced fines for parents who fail to send their children to school,and has given the police power to pick up truants on the streets.
Truant=a child who does not go to school when he or she should.
The Home Office__.A.has given powers to the police to pick up parents
B.will give money to parents to send children to school
C.will go to the family and persuade parents and their children
D.will punish parents who fail to send their children to school
考题
Children for whom school has no point
Many children do not go to school either because their parents want them at home as carers for siblings,or simply because their parents cannot be bothered to send them．Thousands more are not registered at any school at all,because of their families'unstable lives.
Underlying this dreadful situation there are two central truths．First of all,the problem of children not going to school often has more to do with their parents than with the children themselves．Secondly,once children go to school,we need to make sure that the experience is a positive one so that they want to keep on going.
In Britain,the Ministry of Education has introduced a complex package of sticks and carrots to persuade Schools to bring truants'and excluded children back into the classroom．It is paying grants so that a thousand schools can set up special units to help these children．Schools receive the grant if they bring a target number of children back to school;if they do not meet the target,the grant is withdrawn.
Parents are the subject of this campaign,too:the Home Office has introduced fines for parents who fail to send their children to school,and has given the police power to pick up truants on the streets.
Truant=a child who does not go to school when he or she should.
The Ministry of Education will take away a school's grant if__.A.they do not reach their objectives
B.they do not contact parents
C.children escape from school
D.they meet their targets
考题
Children for whom school has no point
Many children do not go to school either because their parents want them at home as carers for siblings,or simply because their parents cannot be bothered to send them．Thousands more are not registered at any school at all,because of their families'unstable lives.
Underlying this dreadful situation there are two central truths．First of all,the problem of children not going to school often has more to do with their parents than with the children themselves．Secondly,once children go to school,we need to make sure that the experience is a positive one so that they want to keep on going.
In Britain,the Ministry of Education has introduced a complex package of sticks and carrots to persuade Schools to bring truants'and excluded children back into the classroom．It is paying grants so that a thousand schools can set up special units to help these children．Schools receive the grant if they bring a target number of children back to school;if they do not meet the target,the grant is withdrawn.
Parents are the subject of this campaign,too:the Home Office has introduced fines for parents who fail to send their children to school,and has given the police power to pick up truants on the streets.
Truant=a child who does not go to school when he or she should.
According to the text,there are thousands of children who__.A.run away from school
B.live in stable families
C.are not registered at any school
D.stay at home doing the housework
考题
Children for whom school has no point
Many children do not go to school either because their parents want them at home as carers for siblings,or simply because their parents cannot be bothered to send them．Thousands more are not registered at any school at all,because of their families'unstable lives.
Underlying this dreadful situation there are two central truths．First of all,the problem of children not going to school often has more to do with their parents than with the children themselves．Secondly,once children go to school,we need to make sure that the experience is a positive one so that they want to keep on going.
In Britain,the Ministry of Education has introduced a complex package of sticks and carrots to persuade Schools to bring truants'and excluded children back into the classroom．It is paying grants so that a thousand schools can set up special units to help these children．Schools receive the grant if they bring a target number of children back to school;if they do not meet the target,the grant is withdrawn.
Parents are the subject of this campaign,too:the Home Office has introduced fines for parents who fail to send their children to school,and has given the police power to pick up truants on the streets.
Truant=a child who does not go to school when he or she should.
Part of the problem is__.A.that people feel very emotional
B.that parents worry their children at school
C.that these children think education is a waste of time
D.that there are not enough police to pick up truants on the streets
考题
资料：Did your child's brain shrink last summer? Probably not, but it may have shifted into reverse, according to a study by Dr. Harris Cooper, professor of psychology at the University of Missouri-Columbia. The study found that when students return to school after a long summer vacation, they've lost one to three months worth of learning.
The decline is more detrimental for math than it is for reading. "All students lose math skills," says Cooper. It may be because community and home environments give kids more opportunities to practice reading than math. The study also found that income has an impact on how much a student loses or gains in reading. Middle-class children actually gained in reading over the summer, while lower-income students experienced losses. Cooper attributes this to the enrichment activities that many middle-class kids participate in over the summer, such as camp and trips.
Your kids don't have to spend the summer stuck in reverse. "Parents can help their kids retain educational skills," says Cooper. He suggests the following five tips to kick off a learning-filled summer.
1. Keep lots of books around and make regular trips to the library. Most libraries schedule special summer events for kids. Sign up your family!
2. Think about what your kids may be learning next year when you plan the family vacation. Talk with teachers to find out what they'll be covering in class. If it's a unit on the civil war for example, you may want to schedule a visit to Gettysburg. If it's geology, visit a national park.
3. Keep math in mind. Since kids lose more math skills than anything else over the summer, try to do some special planning to find math-related activities. For example, if you can't decide whether to sign your child up for "Shakespeare's Theater" or "Math Magic" at the local community center, go with the math.
4. Consider summer school or tutoring. Struggling kids can get a lot of different kinds of help from these programs. Summer school can also enrich and accelerate learning in areas where kids show a special interest.
5. Call the curriculum coordinator in your child's school district, visit the school board office, or contact the schools of education at local colleges and universities to find out what educational programs will be offered in your area over the summer.
Remember to keep it fun! You don't want to sour your kids on learning during the summer break.
Why is decline worse for math than it is for reading？（ ）A.Because the community have the libraries
B.Because at home the parents will make kids reading more
C.Because in summer vacation kids have more time in reading
D.Because community and home give kids more opportunities to read
考题
资料：Children back at school, nights slowly starting to draw in and the weather more changeable. The seasons are turning and after an eerily calm summer for financial markets, there's a whiff of uncertainty in the air. Bond yields are up from their lows, and the relentless migration of global capital towards any asset, anywhere, with some yield, is slowing.
The concern is the growing awareness of central banks' waning ability to boost growth with ever-lower interest rates and ever-bigger purchases of assets. The debate about if, when and how slowly the US Federal Reserve will raise interest drags on, but if downward pressure on global bond yields from the European Central Bank （ECB） and the Bank of Japan's （BOJ） largesse is drawing to a close, that's a bigger milestone for markets.
A world of higher bond yields is one where the pressure to seek yield in exotic places is diminished. It's also a world where the capital gains that accompanied falling yields become capital losses and investors question the merit of bonds over cash （or equities）.
This search for yield in exotic places has, since the end of January, helped the Brazilian real gain more than 20% against the US dollar, with the Russian rouble managing almost as much. The dollar, itself, has fallen back is by 7.5% fall in trade-weighted terms, unwinding nearly 40% of the gains it has seen since mind-2014.
There's no need to panic about bond yields rising, because rate rises in Japan or the Eurozone are years away and the Fed's still tinkering. But 10-year yields on both German and Japanese government bond yields fell below zero for the first time in late June. They have been edging higher through the summer. It's almost as if investors really aren't that keen on tying money up at negative yields for that long – why not stick to cash?
In the US, estimates of "neutral" real interest rates are tumbling to around zero. Estimates of how much slack there is left in the labour market are being revised up and after five years when productivity growth has averaged a measly 0.5%, there's widespread acceptance that it's unlikely to accelerate by magic.
But even if we take all of this into account, markets are now pricing in an extraordinarily slow pace of rate hikes by the Fed – from their current 0.25-0.5% range, to about 0.75% by the end of 2017 and to 1% by the end of 2018.
GDP growth still oscillates around 2%, the Fed's favoured measure of inflation is at 1.6% and the unemployment rate is trending lower. The pricing of the future path of short term rates seems too low even for the "new normal" economic environment.
All of these currencies have gained against the pound and I can't see that changing. Too much importance should not be placed on either the collapse in confidence immediately after the vote to leave the EU or the subsequent bounce.
The economic impact of leaving the EU will be felt through delayed investment decisions as a result of uncertainty about when and on what terms it happens. A debilitating rather than a corrosive impact on the economy will be seen in slower, but positive growth. It will also be felt in further （slower） sterling weakness.
The Bank of England has already cut policy rates from 0.5% to 0.25%, and there's more to come from both the Bank and the pound over the next year. A 5% fall from here would take the pound close to €1.1, and we could see it fall below $1.25 as the Federal Reserve edges rates higher.
According to the last paragraph which of the followings is Not true?
After Britain leaving the E.U the investment decision of investors has been affectedA.After Britain leaving the E.U the investment decision of investors has been affected
B.After Britain leaving the E.U, the value of the pound will be seen weakened further
C.After Britain leaving the E.U, the fed takes this opportunity to raise the rate
D.After Britain leaving the E.U, the Bank of England has already cut policy rates to 0.25%
考题
资料：Children back at school, nights slowly starting to draw in and the weather more changeable. The seasons are turning and after an eerily calm summer for financial markets, there's a whiff of uncertainty in the air. Bond yields are up from their lows, and the relentless migration of global capital towards any asset, anywhere, with some yield, is slowing.
The concern is the growing awareness of central banks' waning ability to boost growth with ever-lower interest rates and ever-bigger purchases of assets. The debate about if, when and how slowly the US Federal Reserve will raise interest drags on, but if downward pressure on global bond yields from the European Central Bank （ECB） and the Bank of Japan's （BOJ） largesse is drawing to a close, that's a bigger milestone for markets.
A world of higher bond yields is one where the pressure to seek yield in exotic places is diminished. It's also a world where the capital gains that accompanied falling yields become capital losses and investors question the merit of bonds over cash （or equities）.
This search for yield in exotic places has, since the end of January, helped the Brazilian real gain more than 20% against the US dollar, with the Russian rouble managing almost as much. The dollar, itself, has fallen back is by 7.5% fall in trade-weighted terms, unwinding nearly 40% of the gains it has seen since mind-2014.
There's no need to panic about bond yields rising, because rate rises in Japan or the Eurozone are years away and the Fed's still tinkering. But 10-year yields on both German and Japanese government bond yields fell below zero for the first time in late June. They have been edging higher through the summer. It's almost as if investors really aren't that keen on tying money up at negative yields for that long – why not stick to cash?
In the US, estimates of "neutral" real interest rates are tumbling to around zero. Estimates of how much slack there is left in the labour market are being revised up and after five years when productivity growth has averaged a measly 0.5%, there's widespread acceptance that it's unlikely to accelerate by magic.
But even if we take all of this into account, markets are now pricing in an extraordinarily slow pace of rate hikes by the Fed – from their current 0.25-0.5% range, to about 0.75% by the end of 2017 and to 1% by the end of 2018.
GDP growth still oscillates around 2%, the Fed's favoured measure of inflation is at 1.6% and the unemployment rate is trending lower. The pricing of the future path of short term rates seems too low even for the "new normal" economic environment.
All of these currencies have gained against the pound and I can't see that changing. Too much importance should not be placed on either the collapse in confidence immediately after the vote to leave the EU or the subsequent bounce.
The economic impact of leaving the EU will be felt through delayed investment decisions as a result of uncertainty about when and on what terms it happens. A debilitating rather than a corrosive impact on the economy will be seen in slower, but positive growth. It will also be felt in further （slower） sterling weakness.
The Bank of England has already cut policy rates from 0.5% to 0.25%, and there's more to come from both the Bank and the pound over the next year. A 5% fall from here would take the pound close to €1.1, and we could see it fall below $1.25 as the Federal Reserve edges rates higher.
According to the the passage which of the followings is Not true?A.In recent years central banks adopt the method of lower interest rates and asset purchases to promote economic growth but now such ability of central banks have become increasingly weaker
B.Investors doubt that the yields will decline, because the bond prices of financial market are falling
C.In the first half of this year global financial markets are as changeable as the weather changes
D.The 10-year yields German and Japanese government bond have been moving up slowly through the summer
考题
资料：Did your child's brain shrink last summer? Probably not, but it may have shifted into reverse, according to a study by Dr. Harris Cooper, professor of psychology at the University of Missouri-Columbia. The study found that when students return to school after a long summer vacation, they've lost one to three months worth of learning.
The decline is more detrimental for math than it is for reading. "All students lose math skills," says Cooper. It may be because community and home environments give kids more opportunities to practice reading than math. The study also found that income has an impact on how much a student loses or gains in reading. Middle-class children actually gained in reading over the summer, while lower-income students experienced losses. Cooper attributes this to the enrichment activities that many middle-class kids participate in over the summer, such as camp and trips.
Your kids don't have to spend the summer stuck in reverse. "Parents can help their kids retain educational skills," says Cooper. He suggests the following five tips to kick off a learning-filled summer.
1. Keep lots of books around and make regular trips to the library. Most libraries schedule special summer events for kids. Sign up your family!
2. Think about what your kids may be learning next year when you plan the family vacation. Talk with teachers to find out what they'll be covering in class. If it's a unit on the civil war for example, you may want to schedule a visit to Gettysburg. If it's geology, visit a national park.
3. Keep math in mind. Since kids lose more math skills than anything else over the summer, try to do some special planning to find math-related activities. For example, if you can't decide whether to sign your child up for "Shakespeare's Theater" or "Math Magic" at the local community center, go with the math.
4. Consider summer school or tutoring. Struggling kids can get a lot of different kinds of help from these programs. Summer school can also enrich and accelerate learning in areas where kids show a special interest.
5. Call the curriculum coordinator in your child's school district, visit the school board office, or contact the schools of education at local colleges and universities to find out what educational programs will be offered in your area over the summer.
Remember to keep it fun! You don't want to sour your kids on learning during the summer break.
How dose income affect a student’s loses or gains in summer learning? （ ）A.Lower-income children experienced lose in math over the summer
B.Middle-class children gained in learning over the summer
C.Lower-income children gained in math over the summer
D.Middle-class children suffered lose in math over the summer
考题
资料：Did your child's brain shrink last summer? Probably not, but it may have shifted into reverse, according to a study by Dr. Harris Cooper, professor of psychology at the University of Missouri-Columbia. The study found that when students return to school after a long summer vacation, they've lost one to three months worth of learning.
The decline is more detrimental for math than it is for reading. "All students lose math skills," says Cooper. It may be because community and home environments give kids more opportunities to practice reading than math. The study also found that income has an impact on how much a student loses or gains in reading. Middle-class children actually gained in reading over the summer, while lower-income students experienced losses. Cooper attributes this to the enrichment activities that many middle-class kids participate in over the summer, such as camp and trips.
Your kids don't have to spend the summer stuck in reverse. "Parents can help their kids retain educational skills," says Cooper. He suggests the following five tips to kick off a learning-filled summer.
1. Keep lots of books around and make regular trips to the library. Most libraries schedule special summer events for kids. Sign up your family!
2. Think about what your kids may be learning next year when you plan the family vacation. Talk with teachers to find out what they'll be covering in class. If it's a unit on the civil war for example, you may want to schedule a visit to Gettysburg. If it's geology, visit a national park.
3. Keep math in mind. Since kids lose more math skills than anything else over the summer, try to do some special planning to find math-related activities. For example, if you can't decide whether to sign your child up for "Shakespeare's Theater" or "Math Magic" at the local community center, go with the math.
4. Consider summer school or tutoring. Struggling kids can get a lot of different kinds of help from these programs. Summer school can also enrich and accelerate learning in areas where kids show a special interest.
5. Call the curriculum coordinator in your child's school district, visit the school board office, or contact the schools of education at local colleges and universities to find out what educational programs will be offered in your area over the summer.
Remember to keep it fun! You don't want to sour your kids on learning during the summer break.
How to keep kids from losing more math skills, according to Dr. Harris Cooper? （ ）
A.Doing some special planning to have math-related activities
B.Signing up for programs like “Shakespeare’s Theater”
C.Having less reading activities over the summer
D.Going to the libraries more often
考题
资料：Did your child's brain shrink last summer? Probably not, but it may have shifted into reverse, according to a study by Dr. Harris Cooper, professor of psychology at the University of Missouri-Columbia. The study found that when students return to school after a long summer vacation, they've lost one to three months worth of learning.
The decline is more detrimental for math than it is for reading. "All students lose math skills," says Cooper. It may be because community and home environments give kids more opportunities to practice reading than math. The study also found that income has an impact on how much a student loses or gains in reading. Middle-class children actually gained in reading over the summer, while lower-income students experienced losses. Cooper attributes this to the enrichment activities that many middle-class kids participate in over the summer, such as camp and trips.
Your kids don't have to spend the summer stuck in reverse. "Parents can help their kids retain educational skills," says Cooper. He suggests the following five tips to kick off a learning-filled summer.
1. Keep lots of books around and make regular trips to the library. Most libraries schedule special summer events for kids. Sign up your family!
2. Think about what your kids may be learning next year when you plan the family vacation. Talk with teachers to find out what they'll be covering in class. If it's a unit on the civil war for example, you may want to schedule a visit to Gettysburg. If it's geology, visit a national park.
3. Keep math in mind. Since kids lose more math skills than anything else over the summer, try to do some special planning to find math-related activities. For example, if you can't decide whether to sign your child up for "Shakespeare's Theater" or "Math Magic" at the local community center, go with the math.
4. Consider summer school or tutoring. Struggling kids can get a lot of different kinds of help from these programs. Summer school can also enrich and accelerate learning in areas where kids show a special interest.
5. Call the curriculum coordinator in your child's school district, visit the school board office, or contact the schools of education at local colleges and universities to find out what educational programs will be offered in your area over the summer.
Remember to keep it fun! You don't want to sour your kids on learning during the summer break.
What dose Dr. Harris Cooper’s research find？（ ）
A.After summer vocation kids will lose one to three months worth of learning
B.After summer vocation kids will lose learning capability in reading
C.Summer vocation makes kids lose learning skills in math
D.Summer vocation brings kids psychological problems
考题
资料：Children back at school, nights slowly starting to draw in and the weather more changeable. The seasons are turning and after an eerily calm summer for financial markets, there's a whiff of uncertainty in the air. Bond yields are up from their lows, and the relentless migration of global capital towards any asset, anywhere, with some yield, is slowing.
The concern is the growing awareness of central banks' waning ability to boost growth with ever-lower interest rates and ever-bigger purchases of assets. The debate about if, when and how slowly the US Federal Reserve will raise interest drags on, but if downward pressure on global bond yields from the European Central Bank （ECB） and the Bank of Japan's （BOJ） largesse is drawing to a close, that's a bigger milestone for markets.
A world of higher bond yields is one where the pressure to seek yield in exotic places is diminished. It's also a world where the capital gains that accompanied falling yields become capital losses and investors question the merit of bonds over cash （or equities）.
This search for yield in exotic places has, since the end of January, helped the Brazilian real gain more than 20% against the US dollar, with the Russian rouble managing almost as much. The dollar, itself, has fallen back is by 7.5% fall in trade-weighted terms, unwinding nearly 40% of the gains it has seen since mind-2014.
There's no need to panic about bond yields rising, because rate rises in Japan or the Eurozone are years away and the Fed's still tinkering. But 10-year yields on both German and Japanese government bond yields fell below zero for the first time in late June. They have been edging higher through the summer. It's almost as if investors really aren't that keen on tying money up at negative yields for that long – why not stick to cash?
In the US, estimates of "neutral" real interest rates are tumbling to around zero. Estimates of how much slack there is left in the labour market are being revised up and after five years when productivity growth has averaged a measly 0.5%, there's widespread acceptance that it's unlikely to accelerate by magic.
But even if we take all of this into account, markets are now pricing in an extraordinarily slow pace of rate hikes by the Fed – from their current 0.25-0.5% range, to about 0.75% by the end of 2017 and to 1% by the end of 2018.
GDP growth still oscillates around 2%, the Fed's favoured measure of inflation is at 1.6% and the unemployment rate is trending lower. The pricing of the future path of short term rates seems too low even for the "new normal" economic environment.
All of these currencies have gained against the pound and I can't see that changing. Too much importance should not be placed on either the collapse in confidence immediately after the vote to leave the EU or the subsequent bounce.
The economic impact of leaving the EU will be felt through delayed investment decisions as a result of uncertainty about when and on what terms it happens. A debilitating rather than a corrosive impact on the economy will be seen in slower, but positive growth. It will also be felt in further （slower） sterling weakness.
The Bank of England has already cut policy rates from 0.5% to 0.25%, and there's more to come from both the Bank and the pound over the next year. A 5% fall from here would take the pound close to €1.1, and we could see it fall below $1.25 as the Federal Reserve edges rates higher.
The word “tumbling” in the sixth paragraph refers to ________
fallingA.falling
B.pushing
C.keeping
D.changing
考题
资料：Did your child's brain shrink last summer? Probably not, but it may have shifted into reverse, according to a study by Dr. Harris Cooper, professor of psychology at the University of Missouri-Columbia. The study found that when students return to school after a long summer vacation, they've lost one to three months worth of learning.
The decline is more detrimental for math than it is for reading. "All students lose math skills," says Cooper. It may be because community and home environments give kids more opportunities to practice reading than math. The study also found that income has an impact on how much a student loses or gains in reading. Middle-class children actually gained in reading over the summer, while lower-income students experienced losses. Cooper attributes this to the enrichment activities that many middle-class kids participate in over the summer, such as camp and trips.
Your kids don't have to spend the summer stuck in reverse. "Parents can help their kids retain educational skills," says Cooper. He suggests the following five tips to kick off a learning-filled summer.
1. Keep lots of books around and make regular trips to the library. Most libraries schedule special summer events for kids. Sign up your family!
2. Think about what your kids may be learning next year when you plan the family vacation. Talk with teachers to find out what they'll be covering in class. If it's a unit on the civil war for example, you may want to schedule a visit to Gettysburg. If it's geology, visit a national park.
3. Keep math in mind. Since kids lose more math skills than anything else over the summer, try to do some special planning to find math-related activities. For example, if you can't decide whether to sign your child up for "Shakespeare's Theater" or "Math Magic" at the local community center, go with the math.
4. Consider summer school or tutoring. Struggling kids can get a lot of different kinds of help from these programs. Summer school can also enrich and accelerate learning in areas where kids show a special interest.
5. Call the curriculum coordinator in your child's school district, visit the school board office, or contact the schools of education at local colleges and universities to find out what educational programs will be offered in your area over the summer.
Remember to keep it fun! You don't want to sour your kids on learning during the summer break.
What makes Lower-income children lose in learning, according to Dr. Harris Cooper? （ ）
A.Less outdoor activities over the summer
B.More housework over the summer
C.Less money gained over the summer
D.More part-time work over the summer
考题
共用题干
第一篇About eight million school-age children are home alone after school.These are the hours when the number of violent crimes peaks and when youths are most likely to experiment with alcohol,tobacco,and drugs.Many older children take care of themselves after school for an hour or two until a parent comes home,and research suggests that some of these children are more at risk of poor grades and risky behaviors.Studies have been done to find out what helps to reduce these kinds of risky behaviors among youths.One study of Chicago neighborhoods showed that after-school programs resulted in less violence even in poor neighborhoods.After-school programs can help to reduce crime and violence because they offer activities to children and youths during their out-of-school time.In addition to helping youths make use of after-school hours,after-school programs provide teens with opportunities to develop caring relationships with adults.Studies have found that high-quality relationships with parents and other adults,as well as good use of time,are very important for healthy development in youth.After-school programs can also be used for teens who hang out at friends' houses and play basketball when a parent or other responsible adult is at home.The programs can also be helpful for formal after-school activities,including"drop-in"programs that are provided by organizations. Despite the benefits of after-school programs,there are many reasons why some parents do not use them. Programs may be too expensive,of poor quality,or hard to join.Some older cililciren and young teens may refuse to attend programs that seem like they are just child care.F'arents may ieei uncertain about how much freedom is proper for children and youths who are beyond the traditional child care years.However,research supports the effectiveness of these programs in protecting middle school and high school youths from risk and harm.Which of the following is NOT true according to the passage?A:The grades of those children who are home alone after school are more likely to suffer.B:Parents want to give their children as much as possible freedom.C:The after-school programs help the students to make use of the time after school.D:The after-school programs are effective in protecting middle school and high school youths from risk and harm.
考题
共用题干
第一篇About eight million school-age children are home alone after school.These are the hours when the number of violent crimes peaks and when youths are most likely to experiment with alcohol,tobacco,and drugs.Many older children take care of themselves after school for an hour or two until a parent comes home,and research suggests that some of these children are more at risk of poor grades and risky behaviors.Studies have been done to find out what helps to reduce these kinds of risky behaviors among youths.One study of Chicago neighborhoods showed that after-school programs resulted in less violence even in poor neighborhoods.After-school programs can help to reduce crime and violence because they offer activities to children and youths during their out-of-school time.In addition to helping youths make use of after-school hours,after-school programs provide teens with opportunities to develop caring relationships with adults.Studies have found that high-quality relationships with parents and other adults,as well as good use of time,are very important for healthy development in youth.After-school programs can also be used for teens who hang out at friends' houses and play basketball when a parent or other responsible adult is at home.The programs can also be helpful for formal after-school activities,including"drop-in"programs that are provided by organizations. Despite the benefits of after-school programs,there are many reasons why some parents do not use them. Programs may be too expensive,of poor quality,or hard to join.Some older cililciren and young teens may refuse to attend programs that seem like they are just child care.F'arents may ieei uncertain about how much freedom is proper for children and youths who are beyond the traditional child care years.However,research supports the effectiveness of these programs in protecting middle school and high school youths from risk and harm.Why do many parents refuse to use after-school programs?A:The programs are just like child care programs.B:The programs offer no freedom to their children.C:The programs bring little benefit to parents and children.D:The programs can be expensive or poor in quality.
考题
共用题干
Schools and Education1. Life in the twenty-first century demands preparation.Today,all individuals in a country must have adequate schooling to prepare them for their work as well as for their responsibilities as citizens.With this in mind,national leaders everywhere are placing more emphasis on the education of the young.In the United States,government officials,parents,and teachers are working hard to give their children一tomorrow's decision makers一the best preparation available.2. There is no national school policy in the United States.Each of the fifty states makes its own rules and regulations for its school,but there are many similarities among the fifty school systems.Public schools in all states are supported by taxes paid by the citizens of the individual state. In most states the children are required to attend school until they reach the age of sixteen.3. When they become six years old,children begin elementary school.After six years in elementary school,they go into junior high school and remain there for three years.The last three years of their public school education are spent in senior high school,from which they graduate at the age of eighteen.4. A great number of high school graduates continue their education in one of the many colleges or universities in the country.After four years,they receive a bachelor's degree.Some continue studying for a master's degree and perhaps a doctor's degree.After one finishes secondary school,he may or may not________.A:go on to study in colleges or universitiesB:emphasized todayC:the taxes paid by the citizens of each stateD:to go abroad to do further studyE:attend school F: private source
考题
共用题干
About eight million school-age children are home alone after school.These are the hours when the number of violent crimes peaks and when youths are most likely to experiment with alco- hol,tobacco,and drugs. Many older children take care of themselves after school for an hour or two until a parent comes home,and research suggests that some of these children are more at risk of poor grades and risky behaviors.Studies have been done to find out what helps to reduce these kinds of risky behaviors among youths .One study of Chicago neighborhoods showed that after-school programs resulted in less vio- lence even in poor neighborhoods.After-school programs can help to reduce crime and violence because they offer activities to children and youths during their out-of-school time.In addition to helping youths make use of af-ter-school hours,after-school programs provide teens with opportunities to develop caring relation-ships with adults.Studies have found that high-quality relationships with parents and other adults, as well as good use of time,are very important for healthy development in youth.After-school programs can also be used for teens who hang out at friends' houses and play basketball when a parent or other responsible adult is at home.The programs can also be helpful for formal after-school activities,including"drop-in"programs that are provided by organizations.Despite the benefits of after-school programs,there are many reasons why some parents do not use them. Programs may be too expensive,of poor quality,or hard to join.Some older children and young teens may refuse to attend programs that seem like they are just child care.Parents may feel uncertain about how much freedom is proper for children and youths who are beyond the tradition-al child care years.However,research supports the effectiveness of these programs in protecting middle school and high school youths from risk and harm. Why do many parents refuse to use after-school programs?A: The programs are just like child care programs.B: The programs offer no freedom to their children.C: The programs bring little benefit to parents and children.D: The programs can be expensive or poor in quality.
考题
共用题干
About eight million school-age children are home alone after school.These are the hours when the number of violent crimes peaks and when youths are most likely to experiment with alco- hol,tobacco,and drugs. Many older children take care of themselves after school for an hour or two until a parent comes home,and research suggests that some of these children are more at risk of poor grades and risky behaviors.Studies have been done to find out what helps to reduce these kinds of risky behaviors among youths .One study of Chicago neighborhoods showed that after-school programs resulted in less vio- lence even in poor neighborhoods.After-school programs can help to reduce crime and violence because they offer activities to children and youths during their out-of-school time.In addition to helping youths make use of af-ter-school hours,after-school programs provide teens with opportunities to develop caring relation-ships with adults.Studies have found that high-quality relationships with parents and other adults, as well as good use of time,are very important for healthy development in youth.After-school programs can also be used for teens who hang out at friends' houses and play basketball when a parent or other responsible adult is at home.The programs can also be helpful for formal after-school activities,including"drop-in"programs that are provided by organizations.Despite the benefits of after-school programs,there are many reasons why some parents do not use them. Programs may be too expensive,of poor quality,or hard to join.Some older children and young teens may refuse to attend programs that seem like they are just child care.Parents may feel uncertain about how much freedom is proper for children and youths who are beyond the tradition-al child care years.However,research supports the effectiveness of these programs in protecting middle school and high school youths from risk and harm. Which of the following is NOT true according to the passage?A: The grades of those children who are home alone after school are more likely to suffer.B: Parents want to give their children as much as possible freedom.C: The after-school programs help the students to make use of the time after school.D: The after-school programs are effective in protecting middle school and high school youths from risk and harm.
考题
Very few of our birds stay with us the year round.Some come to us in the winter from the cold?north.Others come from the south to spend the summer with us.How do they know the way?Suppose?you were told to find your way to a place hundreds of miles away,do you think you could do it?
Yet birds travel over mountains,forests,lakes and even across the oceans,and do not stray from?the path.They find their way back in the spring to the same orchard（果园）and the very trees where?they nested the summer before.
It is wonderful how quickly birds travel such long distances from their summer homes to their?winter ones.Some birds have been known to fly hundreds of miles in a day.But others travel much?more slowly.
Why do birds undertake these long journeys twice a year?Perhaps cold weather and lack of?food drive them from us in the autumn,but we cannot tell why they leave the sunny south to come?back to us in the spring.We know only that many of them like to make their nests and rear their?young in the north.
We are sorry to see them go,but we know that when winter is over they will come back to us.
Why do birds undertake those long journeys twice a year?A.It is because of cold weather in winter.
B.It is because of lack of food in autumn.
C.It is because of the hot weather in summer.
D.There's some reason that is still not known clearly.
考题
单选题The new bus service will run _____.A
on morning journeys to school onlyB
in connection with an existing serviceC
only for children living more than three miles awayD
only in wet weather
考题
单选题According to the author, teachers in school should _____.A
allow children to learn from each otherB
point out children's mistakes whenever foundC
correct children's mistakes as soon as possibleD
give children more book knowledge
考题
单选题The teacher told the children there ______ four seasons in a year: spring, summer, autumn and winter.A
isB
wasC
areD
were
考题
单选题What’s the weather like in Neil’s hometown in summer?A
WetB
CoolC
WindyD
Cloudy
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