久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

 
 
 

Boom and bust?

中國日報網 2018-02-13 11:48

 

Boom and bust?Reader question:

Please explain this sentence, with “personal boom and bust” in detail: From the great migration into the Great Plains to the ghost towns of today we hear the stories of “personal boom and bust”.

My comments:

Here, “personal boom and bust” refers to people’s successes and failures, especially in money matters. In other words, rags to riches, riches to rags. Fortunes made, fortunes lost.

“Boom” refers to times when they’re prosperous, with their fortunes growing rapidly whereas “bust” refers to the hard times when they’re broke and penniless.

The great migration into the Grain Plains reminds me of Mark Twain (1835-1910)’s time, more or less – when the first railroads were built in America, something like that.

Anyways, the Great Plains refer to the vast flatlands west of the Mississippi River and east of the Rocky Mountains. Early pioneers moved from the Atlantic coast into the Great Plains to claim land, raise cattle and make a fortune. Later on of course people moved further into the Wild West. During this period, many fortunes were made – followed by bankruptcies and many personal tragedies.

After initial success, people’s ambitions began to explode. Some began to invest in gold mines, for example, in California.

Even Alaska.

Anyhow, the first millionaires were created during this time, the Gilded Age, in Mark Twain’s words.

Then there were a lot of failures, too. Of course. Just as there are bumper harvests, there are bound to be lean years. In one of Mark Twain’s novels – The Gilded Age: A tale of today, if memory serves – one of the households lit a candle in the stove to give a semblance of the feel of warmth in the dead of a cold winter night.

Like day turns into night, the wheel of fortune turns round and round. Like the ocean having waves and troughs, the economy and human life in general all experience ups and downs. Like mountains having peaks and valleys, the economy has its boom and bust cycles as well.

On the personal level, human life is quite a roller coaster ride.

Ok, this is it, the migration into the Great Plains produced millionaires as well as huge setbacks and failures thereafter.

It’s easy to talk about times of the long past, but in actuality, some of those failures led to broken families, houses sold and, in the worst case, suicides.

By the way, “the ghost towns of today” suggest that many places of the Great Plain are experiencing a bust right now. A prolonged bust, you may say.

All right, let’s read a few more media examples to get a better feel for “boom and bust”:

1. Amazon villages that cut down their forest may make a quick buck, but ultimately end up just as poor and low down on the social ladder as when they started out, say researchers. A study of nearly 300 communities in the Brazilian Amazon shows that deforestation leads to social and economic “boom and bust”.

Ana Rodrigues of the Centre for Functional and Evolutionary Ecology in Montpellier, France, and colleagues say the Brazilian government needs to find ways of hoisting Amazon communities out of poverty without relying on deforestation.

In the study, the researchers used data on life expectancy, and levels of income and education from 286 municipalities in the Amazon.

They grouped the communities depending on how much they had deforested their land, ranging from those that lived in pristine or near-pristine forest to those that had completely deforested their village area. In the middle were communities located at the “frontier” of deforestation, where cutting, clearing and logging activities were on-going.

Grouping the communities in this way meant the researchers were able to compare the income, life expectancy and education levels according to how extensively the regions were deforested.

Short-lived boom

“We found that the level of development in a region that has been through deforestation is indistinguishable from in a region prior to deforestation,” says Robert Ewers of Imperial College London.

The data showed that although welfare rapidly improves during deforestation, this socio-economic boom is short-lived. Moreover, a region that is being deforested attracts migrants eager to make a quick buck or set up a farm. Not all of these leave once the forest is cut down, so once the wave of deforestation has passed through a community, it is more populated than before.

The researchers say the boom is probably due to a number of factors, including better roads and therefore better access to healthcare and schools. For a short while, the community benefits from the natural resources of the forest, and makes money off the timber and the farms that are set up in the cleared lands. But the soil is rapidly degraded making farming and cattle ranching unsustainable. “A lot of that land ends up being abandoned,” says Ewers. “The small scale cattle ranchers are likely to move on.”

Keeping the forests

Large farms do persist but “my guess is that a lot of that income goes to a wealthy few,” he adds. Because the soil is degraded, farms – mostly large soy farms – can only survive by importing fertilisers. They also tend to be highly mechanised and so do not employ many local people.

“The alternative is to compensate for non-deforestation,” says Rodrigues. She hopes that UN negotiations seeking to set up a way of financially rewarding regions that maintain their forest may lead to more sustainable socio-economic booms and fewer busts.

- Amazon deforestation leads to economic boom and bust, NewScientist, June 11, 2009.

2. It is human nature to believe that whatever happens to us is unique. Bitcoin is no exception to this rule.

Discussions about bitcoin and its impact are everywhere at the moment.

If you are a supporter, bitcoin is a digital messiah and an unprecedented paradigm shift in the evolution of currency. The rapid escalation in its price over the last year is based on clear fundamentals, such as its clear advantages over traditional currency and its growing permeation into wider society.

The recent spate of unwelcome headlines, like the ones inspired by Mt. Gox, is an unfortunate part of building this brave new world, the broken fortunes of a few paving the path to good money for us all.

If you are a detractor, bitcoin is an irrational delusion. It is anarchic and the tool of choice for the modern cyber criminal. It destabilises our attempts to forge a more resilient economy, particularly after the last few years of financial turmoil, with Mt. Gox being but the latest example to show how truly Wild West this digital frontier is. Our only hope lies in effectively corralling Pandora's new technology genie before it can do too much harm.

Both are partisan positions, charged with emotion. Their hyperbole is the clearest evidence yet that bitcoin is fated to repeat the perennial cycle of boom and bust, seen with every hopeful innovation since records began.

- Why Bitcoin is Fated for Boom and Bust, CoinDesk.com, April 13, 2014.

3. SunEdison stock is a classic Wall Street boom-and-bust story, with shares rocketing over 2,000% before eventually losing almost all of their value. The volatility was largely driven by operational fluctuations attributable to deteriorating fundamentals in the solar industry.

SunEdison Inc., which builds and operates renewable power plants that use solar and wind energy, was bought by MEMC Electronic Materials in 2009. In 2013, MEMC adopted the SunEdison name to reflect a more concentrated focus on solar energy. After the company filed for bankruptcy in April 2016, SunEdison stock was delisted from the New York Stock Exchange, where it had previously traded under the tickers WFR and SUNE. SunEdison stock now trades on the over-the-counter (OTC) market under the ticker SUNQE.

MEMC Electronic Materials, a supplier of silicon wafers to semiconductor and photovoltaic cell companies, entered the solar industry in 2006, growing to hold 14% of the solar wafer market by the following year. The company's financial results raised alarm among investors in 2008, as it struggled with difficult conditions in the electronic wafer market. Sales fell and gross margin was squeezed amid inventory overhangs and a difficult pricing environment.

MEMC Electronic Materials purchased privately held SunEdison LLC in 2009 for $200 million, deepening the firm's exposure to the solar market. Results improved in 2010, though top- and bottom- line performance was still well below prior levels. This coincided with relative share price stability in SunEdison stock throughout 2010.

Falling silicon prices placed extreme pressure on the company's revenues, prompting it to take capacity offline and reduce headcount by nearly 20% in 2011. SunEdison recognized nearly $1.3 billion in expenses related to restructuring and asset impairments. Results suffered again in 2012, as revenue declined and a net loss was reported. The departure of the chief financial officer also dealt a blow to investor confidence.

Restructuring sparked optimism in 2013. The company spun off its electronics wafer business, retaining the solar wafer and solar energy operations. The spinoff of SunEdison Semiconductor (NASDAQ: SEMI) provided a $94 million cash injection, and the legacy firm changed its name to SunEdison Inc. to reflect its shifting focus. A leaner expense structure and better liquidity provided hope to investors that a turnaround was underway in SunEdison stock.

A $2.2 billion prospective acquisition of Vivint Solar (NYSE: VSLR) was ill-received by the market, and the significantly worse-than-expected earnings that followed in August 2015 motivated a rapid decline in SunEdison stock, as investors began to doubt the viability of the business model. Facing another large contraction in revenues, falling liquidity ratios and rising financial leverage, the firm began taking drastic steps to protect its financial health.

SunEdison repeatedly delayed its annual filing, citing material weaknesses in internal controls that jeopardized the accuracy of reporting. The company filed for bankruptcy in April 2016 and spun off its subsidiaries TerraForm Power Inc. (NASDAQ: TERP) and TerraForm Global Inc. (NASDAQ: GLBL). The company also obtained new financing to meet short-term obligations and pursue continued operations.

- SunEdison: A Classic Wall Street Boom-and-Bust Story, Investopedia.com, October 9, 2017.

本文僅代表作者本人觀點,與本網立場無關。歡迎大家討論學術問題,尊重他人,禁止人身攻擊和發布一切違反國家現行法律法規的內容。

About the author:

Zhang Xin is Trainer at chinadaily.com.cn. He has been with China Daily since 1988, when he graduated from Beijing Foreign Studies University. Write him at: zhangxin@chinadaily.com.cn, or raise a question for potential use in a future column.

(作者:張欣 編輯:丹妮)

上一篇 : Top dog?
下一篇 :

 
中國日報網英語點津版權說明:凡注明來源為“中國日報網英語點津:XXX(署名)”的原創作品,除與中國日報網簽署英語點津內容授權協議的網站外,其他任何網站或單位未經允許不得非法盜鏈、轉載和使用,違者必究。如需使用,請與010-84883561聯系;凡本網注明“來源:XXX(非英語點津)”的作品,均轉載自其它媒體,目的在于傳播更多信息,其他媒體如需轉載,請與稿件來源方聯系,如產生任何問題與本網無關;本網所發布的歌曲、電影片段,版權歸原作者所有,僅供學習與研究,如果侵權,請提供版權證明,以便盡快刪除。

中國日報網雙語新聞

掃描左側二維碼

添加Chinadaily_Mobile
你想看的我們這兒都有!

中國日報雙語手機報

點擊左側圖標查看訂閱方式

中國首份雙語手機報
學英語看資訊一個都不能少!

關注和訂閱

本文相關閱讀
人氣排行
熱搜詞
 
精華欄目
 

閱讀

詞匯

視聽

翻譯

口語

合作

 

關于我們 | 聯系方式 | 招聘信息

Copyright by chinadaily.com.cn. All rights reserved. None of this material may be used for any commercial or public use. Reproduction in whole or in part without permission is prohibited. 版權聲明:本網站所刊登的中國日報網英語點津內容,版權屬中國日報網所有,未經協議授權,禁止下載使用。 歡迎愿意與本網站合作的單位或個人與我們聯系。

電話:8610-84883645

傳真:8610-84883500

Email: languagetips@chinadaily.com.cn

久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    又色又爽又高潮免费视频国产| 在线观看中文av| 亚洲三级在线观看视频| 4444亚洲人成无码网在线观看| 无码人妻h动漫| 欧美一级特黄aaaaaa在线看片| av7777777| 中文字幕精品在线播放| 中文字幕 91| 人人妻人人添人人爽欧美一区| 亚洲欧美天堂在线| 黄色高清无遮挡| a级黄色片免费| 五月天婷婷影视| 一本久道综合色婷婷五月| 成人午夜免费在线视频| 亚洲高清在线不卡| 热久久精品免费视频| 中文字幕无码精品亚洲资源网久久| 一二三av在线| 亚洲成人福利在线| 国产美女三级视频| 成人网站免费观看入口| 肉大捧一出免费观看网站在线播放| 五月婷婷丁香色| 日韩欧美在线播放视频| 成人免费a级片| 日韩不卡视频一区二区| 999热精品视频| www.se五月| 中文字幕国内自拍| 成人免费无码av| www在线观看免费| 91免费黄视频| 给我免费播放片在线观看| 嫩草影院中文字幕| 亚洲成人天堂网| 欧美综合在线观看视频| 欧美s码亚洲码精品m码| 日韩中文字幕在线免费| av女优在线播放| 久久99中文字幕| 亚洲国产精品无码观看久久| 人人妻人人澡人人爽欧美一区双 | 国产天堂视频在线观看| 欧美视频在线第一页| 麻豆传媒网站在线观看| 国产免费xxx| 天天做天天躁天天躁| 国产一二三四五| 国产av熟女一区二区三区| 蜜臀精品一区二区| 男人揉女人奶房视频60分| 国产免费黄色av| 国产主播在线看| av丝袜天堂网| 亚洲xxx在线观看| 一本之道在线视频| av动漫在线免费观看| 亚洲精品无码国产| 激情五月开心婷婷| 激情五月俺来也| 欧美日韩一级在线| 亚洲中文字幕无码av永久| 欧美视频在线播放一区| 国产精品亚洲a| 91看片在线免费观看| 手机av在线网站| www.亚洲成人网| 国产a视频免费观看| 久久婷五月综合| 久久视频免费在线| 日本不卡在线观看视频| 亚洲激情在线观看视频| 国产高清精品软男同| 中文精品无码中文字幕无码专区| 亚洲熟女乱色一区二区三区 | 国产手机视频在线观看| 日韩一级性生活片| 欧美两根一起进3p做受视频| 国产农村妇女精品久久| 国产黄色片免费在线观看| 乱子伦视频在线看| 日本黄色播放器| 5月婷婷6月丁香| 永久免费的av网站| 国产成人艳妇aa视频在线 | 日韩视频一二三| 国产亚洲天堂网| 国产毛片久久久久久| 日韩日韩日韩日韩日韩| 特级丰满少妇一级| 91成人综合网| 免费看污污网站| 日韩国产成人无码av毛片| 亚洲精品中文字幕无码蜜桃| 中文字幕一区二区在线观看视频| 日韩a级在线观看| 欧美日韩中文不卡| 奇米精品一区二区三区| 中文av字幕在线观看| 国产手机免费视频| 做a视频在线观看| 欧美视频在线观看视频| 国产精品亚洲αv天堂无码| 精品久久久99| 欧美变态另类刺激| 欧美 另类 交| 国产福利影院在线观看| 国产美女主播在线播放| 五月天色婷婷综合| 成人一区二区三| 日韩精品综合在线| 天天操精品视频| 黄色免费网址大全| 午夜免费福利小电影| 97精品国产97久久久久久粉红| 日本熟妇人妻中出| 国产精品一区二区免费在线观看| 欧美h视频在线观看| 日本人视频jizz页码69| 久草热视频在线观看| 操人视频免费看| 中文字幕22页| 日日摸天天爽天天爽视频| 69sex久久精品国产麻豆| 色乱码一区二区三区熟女| 日本a√在线观看| 国产欧美123| 久久国产乱子伦免费精品| 国产高清不卡无码视频| 可以看污的网站| 欧美一级黄色影院| 狠狠干 狠狠操| www.射射射| 色哟哟免费网站| 韩国黄色一级大片| youjizz.com亚洲| 午夜视频在线网站| 九九视频精品在线观看| 亚洲熟妇国产熟妇肥婆| 日韩伦理在线免费观看| 亚洲爆乳无码精品aaa片蜜桃| 日韩欧美中文视频| 午夜精品久久久久久久99热影院| 亚洲一二三区av| 国产a级片免费观看| 国产美女三级视频| 茄子视频成人免费观看| 成年人免费在线播放| 丰满爆乳一区二区三区| 春日野结衣av| heyzo国产| 超碰影院在线观看| 日本激情视频在线| 超碰在线人人爱| 第四色婷婷基地| 一区二区三区四区毛片| 91香蕉视频在线观看视频| 性欧美在线视频| 6080国产精品| 一本二本三本亚洲码| 国产 国语对白 露脸| 加勒比海盗1在线观看免费国语版| 日本高清xxxx| 欧美中日韩在线| 精品少妇一区二区三区在线| 国产熟女高潮视频| 五月天婷婷激情视频| 亚洲欧美日韩综合网| 日本福利视频导航| 免费看欧美一级片| 日日碰狠狠添天天爽超碰97| 男女曰b免费视频| 亚洲黄色小视频在线观看| 亚洲网中文字幕| av在线com| 99精品视频在线看| 99re精彩视频| japanese在线播放| 日韩中字在线观看| 能在线观看的av网站| 中文字幕成人在线视频| 男人j进女人j| av黄色在线网站| 亚洲少妇久久久| 男女激烈动态图| 欧美亚洲一二三区| 中文字幕第17页| 99久久久精品视频| 日本男人操女人| 天堂av免费看| 日韩a在线播放| 日本一本在线视频| 黄色免费福利视频| 中文字幕日韩综合| 久久久久久www| 艹b视频在线观看| 国产911在线观看| 污污视频网站免费观看|