首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
The last time America suffered an economic meltdown in 2008 we came out of it poorly. Yes, the economy and the stock market reco
The last time America suffered an economic meltdown in 2008 we came out of it poorly. Yes, the economy and the stock market reco
admin
2022-11-01
67
问题
The last time America suffered an economic meltdown in 2008 we came out of it poorly. Yes, the economy and the stock market recovered. So did the banks, with a big assist from Uncle Sam. But millions of homeowners were left with mortgage debts that squeezed their disposable incomes to the vanishing point. How can we avoid a similar shock this time?
Every depression is distinct, but I’d argue that the victims of the COVTD-19 depression— this year’s version of households drowning in mortgage debt—are America’s small businesses. This time, the economist Ken Rogoff says, "The small businesses are getting slaughtered."
A decade ago, the subprime crisis blew up the entire economy. 【B1】____________________
The federal government recently enacted a small business rescue package in the CARES Act. But it’s already exhausted and beset with bureaucratic problems. By contrast, the Federal Reserve’s emergency measures such as buying debt have immediately propped up large corporations.
【B2】____________________Larger companies can tap capital markets, which are used to translating future prospects into current dollars. Even if McDonald’s isn’t selling as many hamburgers today as it did before, investors know that eventually its business will recover.
Small businesses, however, are on their own. The corner pizzeria cannot borrow against the future, because by the time the recovery arrives it may not exist. There are some 30 million such businesses in the U.S. (41,000 do sell pizza). Most are tiny, but cumulatively they employ 60 million people. 【B3】____________________Millions of employees would lose their jobs. Thousands of ideas would go up in smoke. Small business is the laboratory for big ideas.
The cultural fallout would be just as serious. If every coffee shop were rebranded a Starbucks, the caffeine would still be there, but it wouldn’t taste the same or feel the same. Reports from small business around the country—a grocer in New Orleans, newspapers from Oregon to West Virginia, an art gallery in my home city of Boston—suggest that small businesses everywhere are fighting for their lives. In Camden, Me., the lone bookstore shut its doors for good.
Each of these businesses represents the savings, the sweat and the dreams of an entrepreneur or family. On average, their proprietors earn only about $50,000 a year. But they symbolize something larger—call it the dream of plausible opportunity. 【B4】 ____________________But we don’t have to repeat the mistakes of 2008.
The good news is that Congress, recognizing the scale of this crisis, was willing to allocate much more money so that small business borrowers would emerge from the crisis with healthy balance sheets. 【B5】_____________________Businesses had to apply for the loans through banks. The banks have been uncertain about the criteria to qualify for the federal guarantee, which has gummed the works.
[A] Since these firms account for 44% of the gross domestic product, to lose even a sizable fraction would be an economic catastrophe.
[B] Many of the smallest businesses did not apply because they didn’t have working relationships with banks beyond making their weekly cash deposits.
[C] But in its eagerness to build in safeguards, it wrapped the program in red tape.
[D] This time, the shock to small business has led to a vicious multiplier effect: Those shuttered hair salons aren’t ordering supplies or investing in new hair dryers.
[E] Part of that dream got destroyed or badly damaged in the mortgage crisis.
[F] Moreover, the loans only cover eight weeks of payroll plus limited expenses for rent and utilities. Many firms need assistance for more than eight weeks.
[G] Government aid aside, larger firms are naturally better suited to weathering the storm.
【B4】
选项
答案
E
解析
本题空格位于第七段倒数第二句。第七段首句点明本段中心大意,即Each of these businesses represents the savings,the sweat and the dreams of an entrepreneur or family(这些企业中的每一家都代表着一位企业家或一个家庭的积蓄、汗水和梦想。)空格处的前一句提到But they symbolize something larger—call it the dream of plausible opportunity.(但是,它们象征着更为巨大的东西——称之为“机会之梦”。)本句再次提到了首句所提到的梦想。空格处的后一句出现了转折词but,并强调此次不必重蹈2008年的覆辙。因此可得知,本处所填写的句子应该与后一句逻辑关系相反,同时能够承接前几句的逻辑关系。综合所有选项,只有选项[E]“在抵押贷款危机中,这个梦想或多或少被摧毁或严重受损。”符合本处逻辑关系,故为答案。
转载请注明原文地址:https://kaotiyun.com/show/0MMD777K
0
考研英语一
相关试题推荐
Thebiggestsuccessofthefossilfuelindustry’sdecades-longcampaigntopushdoubtaboutclimatescienceisthatitforcedth
Americahaslongbeenresistanttoadequatepovertypoliciesbecauseofitsstrongstrainofthinkingthatthepoorareresponsi
ForMitchellandSkyeCohen,thethird-generationownersofEconomyCandyinNewYorkCity,theshortperiodbetweenHalloweena
ForMitchellandSkyeCohen,thethird-generationownersofEconomyCandyinNewYorkCity,theshortperiodbetweenHalloweena
Ifsustainablecompetitiveadvantagedependsonworkforceskills,Americanfirmshaveaproblem.Humanresourcemanagementisn
Doesthelanguagewespeakdeterminehowhealthyandrichwewillbe?NewresearchbyKeithChenofYaleBusinessSchoolsuggest
Doesthelanguagewespeakdeterminehowhealthyandrichwewillbe?NewresearchbyKeithChenofYaleBusinessSchoolsuggest
Airpollutionkilledaboutsevenmillionpeoplelastyear,makingittheworld’ssinglebiggestenvironmentalhealthrisk,theW
Airpollutionkilledaboutsevenmillionpeoplelastyear,makingittheworld’ssinglebiggestenvironmentalhealthrisk,theW
Airpollutionkilledaboutsevenmillionpeoplelastyear,makingittheworld’ssinglebiggestenvironmentalhealthrisk,theW
随机试题
A.对确诊结核性腹膜炎有参考价值B.粘连型C.干酪型D.可确定结核性腹膜炎结核性腹膜炎最常见的病理类型
用0.1%新洁尔灭溶液浸泡金属器械,每1000ml中需加入亚硝酸钠的量是
根据《土地管理法实施条例》规定,建设项目施工和地质勘查需要临时占用耕地的,土地使用者应当自临时用地期满之日起()年内恢复种植条件。
设置固定资产类别。编码:04名称:房屋类净残值率:7%折旧方法:平均年限法(二)
下列关于金融环境各项表述,不正确的为()。
投资者进行一项投资可能接受的最低收益率是()。
甲方向乙方购买一批通用设备,价值300万元,约定分三期付款,5月10日前付一期款120万元,6月10日前付二期款100万元,7月10日前付清余款80万元。但到6月10日,甲方累计只付款150万元。根据合同法的规定,关于乙方权利的下列说法中,正确的有(
下列项目中,不允许在应纳税所得额中据实扣除的有()。
A.条件(1)充分,但条件(2)不充分B.条件(2)充分,但条件(1)不充分C.条件(1)和条件(2)单独都不充分,但条件(1)和条件(2)联合起来充分D.条件(1)充分,条件(2)也充分E.条件(1)和条件(2)单独都不充分,条件(1)和条件(2
结合材料回答问题:材料1社会的进展是靠少数超群绝类的天才,不是靠千万庸碌的群众。天才是民族的灵魂,是群众的救星,没有天才的领导组织,民族国家,根本就不能存在发展。
最新回复
(
0
)