關於 level sth up ，我們在網路上蒐集到這些相關的討論、資訊與評價

[時事英文] 散戶牛市 🐂💰

Is it investing or just gambling?

這到底是投資還是賭博呢?

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It’s one of the year’s biggest market stories: Mom-and-pop investors have fallen back in love with stocks, lured by free trading apps, a resurgent bull market led by technology companies and a pandemic that has left millions of Americans at home with little to do.

New data show a number of ways in which the individual-trading boom has reshaped the U.S. stock market. Here are five takeaways:

1. mom-and-pop investors 散戶、小型投資者
2. fall in love with 愛上
3. free trading apps 免費交易應用程式
4. resurgent 復興的；再次增長的；再度流行的
5. a bull market 牛市 (當某一市場、行業或金融工具呈上升趨勢時，通常稱之為牛市。)
6. little to do 無事可做
7. reshape 重塑

這是今年最大的市場熱點之一：在免費交易應用程式和科技公司引領的牛市重新抬頭的誘惑下，加上數以百萬計美國人因新冠大流行而在家無所事事，散戶重新愛上了股市。新的數據顯示散戶交易熱潮在多個方面重塑了美國股市。以下是五個要點:

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🐂 1. Individual stock trading is at a decade high 💰

個人股票交易達到了十年來的最高點

Trading by individuals accounts for a greater chunk of market activity than at any time during the past 10 years, according to Larry Tabb, head of market-structure research at Bloomberg Intelligence. During the first six months of this year, individual investors accounted for 19.5% of the shares traded in the U.S stock market, up from 14.9% last year and nearly double the level from 2010, Mr. Tabb estimates.

8. account for (sth) （在數量上）佔 ; 解釋、說明 ; 對...負有責任
9. a chunk of 一部分；（尤指）大部分，一大塊
10. market activity 市場活動

Bloomberg Intelligence市場結構研究主管Larry Tabb表示，個人交易在市場活動中的佔比超過了過去10年的任何時候。Tabb估計，今年前六個月，散戶投資者在美國股市交易量中的佔比為19.5%，高於去年的14.9%，是2010年水平的近兩倍。他的數據沒有進一步向前追溯。

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🐂 2. Small investors are powering big moves in some stocks 💰

小型投資者正在推動一些股票的大幅波動

It has been called the Robinhood effect, the idea that stampedes of investors using the popular app are driving irrational stock moves.

In fact, such activity doesn’t matter much for most stocks, according to Nick Maggiulli, chief operating officer of Ritholtz Wealth Management. But there is evidence of a Robinhood effect in some smaller stocks, he said.

11. power (v.) 為…提供動力，驅動
12. big moves 大幅波動
13. stampede （尤指獸群或人群因恐懼引發的）狂奔；奔逃，蜂擁
(這裡指散戶湧入股市)
14. drive irrational stock moves 驅動非理性股市走勢

這被稱為羅賓漢效應，這種觀點認為，使用這種廣受歡迎的應用程式的投資者紛紛湧入市場，正在推動非理性的股票走勢。

資產管理機構Ritholtz Wealth Management首席營運官Nick Maggiulli表示，事實上，對於大多數股票來說這些活動無關緊要。但他表示，有證據表明，一些較小型股票存在羅賓漢效應。
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🐂 3. Asia is where individual investors truly dominate 💰

在亞洲股市，散戶是真正的主力軍

Many Asian stock markets have traditionally been dominated by individual investors, unlike the institution-heavy U.S. market. In places such as mainland China, frenzied trading by individuals can create a casino-like feel, with exuberant bull runs followed by spectacular crashes.

Individuals often account for more than 80% of volume on the Shanghai Stock Exchange, while on the Korea Exchange’s main Kospi market, nearly 84% of shares traded so far this year were on behalf of individual investors, according to data compiled by Hee-Joon Ahn, a finance professor at Sungkyunkwan University in Seoul.

15. be dominated by 由…所主導
16. individual investors 個人投資者
17. frenzied trading 狂熱交易
18. bull runs 行情
19. on behalf of 代表
20. data that is compiled by 由…整理的數據

不同於以機構投資者為主的美國股市，許多亞洲股市向來由個人投資者所主導。在中國A股等亞洲股市，散戶的狂熱交易會營造出賭場般的感覺，有時股市會牛氣沖天，隨後大幅跳水。

首爾成均館大學(Sungkyunkwan University)金融學教授Hee-Joon Ahn整理的數據顯示，在上海證券交易所，散戶的股票交易量通常佔到80%以上；在韓國證券交易所主要的Kospi市場，今年以來，有近84%的股票交易是代表個人投資者進行的。

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🐂 4. More of the U.S. stock market is going dark 💰

美股暗盤交易量上升

The individual-investing boom has led to historically high levels of “dark” trading, in which stocks are bought and sold on opaque private venues, rather than public exchanges. That is because online brokers typically funnel small investors’ trades to electronic-trading firms that execute the incoming orders.

In July, 43.2% of U.S. stock-trading volume took place off-exchange, according to Rosenblatt Securities, a brokerage firm. That is the highest level that the firm has recorded since it started tracking such data in 2008.

21. investing boom 投資熱潮
22. historically high levels of 歷史高位
23. “dark” trading 暗盤 (暗盤是指大利市機以外的股份交易買賣。 由於當中的買賣並不曝露於大眾之前，不會經證交所披露其中內容，所以這些買賣被稱之為暗盤。)

24. opaque 不透明的；不透光的
25. private venues 非公開場所
26. public exchanges 公開的交投
27. brokerage firm 證券商

個人投資熱潮已經導致股票暗盤交易量達到歷史高位，這種交易指的是股票在不透明的非公開場所買賣，而不是在公開的交易所進行交投。出現這種現象的原因是，在線經紀商通常會將小型投資者的交易單交給執行指令的電子交易公司。

據券商Rosenblatt Securities提供的數據，7月份，美國有43.2%的股票交易量發生在交易所外。這是該公司自2008年開始跟蹤此類數據以來所記錄到的最高水平。

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🐂 5. Big winners may be electronic traders 💰

大贏家可能是電子交易公司

The firms that execute individual investors’ orders have enjoyed surging volumes. The three biggest players in that business—Citadel Securities, Virtu Financial Inc. and Susquehanna International Group LLP—traded a combined 69.4 billion shares over the counter in June, more than triple the level from November, according to Bloomberg Intelligence. The vast majority of the firms’ over-the-counter trades come from individual investors. OTC trading is a type of off-exchange trading.

Electronic-trading firms profit from individuals’ trades by collecting a small difference between the buying and selling prices of a stock. It’s hard to know how much money they are making, though, because most are private and don’t report financials.

28. big winners 大贏家
29. surging volumes 交易量大幅上升
30. the biggest players 巨頭 ; 主要參與者；主力
31. according to 根據
32. the vast majority of 絕大多數
33. over-the-counter trades 場外交易 (場外交易是指證券投資機構之間不通過股票交易所，而以電話、電傳等方式相互進行的股票交易。)

為散戶執行交易指令的公司交易量大幅上升。據Bloomberg Intelligence的數據，這一領域的三巨頭是Citadel Securities、Virtu Financial Inc.和海納國際集團(Susquehanna International Group) ，6月份的場外交易總量為694億股，是去年11月的三倍多。這些公司的絕大多數場外交易來自散戶投資者。

電子交易公司通過收取股票買賣之間的微小差價從個人交易中獲利。不過，很難知道這些公司到底賺了多少錢，因為大多數公司都未上市，也不披露財務報告。

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What are some problems this phenomenon might cause? Benefits?

本現象將帶來什麼樣的問題？其利益呢?

《華爾街日報》完整內容：https://on.wsj.com/34TiE5V
　
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💥The $52 Trillion Bubble: China Grapples With Epic Property Boom
房產庫存總額達52兆美元，中國面臨史詩級房市泡沫

-grapple with: （吃力地）設法應對、努力解決
-epic: 史詩、史詩級

🔥Even the coronavirus hasn’t stopped the world’s biggest asset bubble from getting bigger.
After a brief pause during coronavirus lockdowns in February, a Chinese property boom in some megacities that many thought was unsustainable has resumed its relentless upward climb, with prices rising higher and investors chasing deals despite millions of job losses and other economic problems.
即使是新冠病毒也沒能阻止全球最大的資產泡沫不斷擴大。在2月份實施抗疫封鎖期間經歷短暫停頓之後，中國一些特大城市的房地產熱潮已重新開始持續升溫，這種房地產熱被許多人認為是不可持續的。儘管數以百萬計的人失業，且經濟還存在其他問題，但房價不斷上漲，投資者趨之若鶩。

-asset bubble: 資產泡沫
-property boom: 房地產熱潮
-unsustainable: 不可持續的

🏠 In March, 288 apartments in a new Shenzhen property development sold out online in less than eight minutes. A few days later, buyers snapped up more than 400 units in a new housing complex in Suzhou. In Shanghai, apartment resales neared a record high in April, by one estimate. One Saturday last month, nearly 9,000 people each put down a deposit of one million yuan ($141,300) to qualify to buy apartments in a Shenzhen development.
今年3月，深圳的一個新房地產開發案的288套公寓，在不到8分鐘的時間裡於網路銷售一空。幾天後，購房者搶購了蘇州一個新建案的400多套住宅。據估計，上海4月份的二手房銷售接近歷史最高水平。上個月的一個周六，近9,000人每人交了人民幣100萬元（約合新台幣420萬元）的認籌金，以獲得深圳一個公寓開發案的購房資格。

-snap up: 搶購、瘋搶
-resales:轉售、二手銷售
-deposit: 訂金、預付款、認籌金


🏦 While the rapid housing-market recovery is good news on one level for Beijing, it is also a reminder of behavior that has long worried the central government, which has tried repeatedly to keep property prices from getting out of control. Chinese President Xi Jinping declared in 2017 that “houses are built to be lived in, not for speculation,” which became the guiding mantra for government housing policy.
雖然房地產市場快速復甦在某種程度上對北京方面來說是好消息，但也提醒人們注意中央政府長期以來一直擔憂的一些情況，中央政府曾多次採取調控措施，以防房價失控。中國國家主席習近平2017年曾指出，房子是用來住的，不是用來炒的，這已成為政府住房政策的指導綱領。

-on one level: 在某種程度上
-property prices: 房價
-speculation:投機、炒作
-mantra:咒語、禱文，引申為咒語般不斷重複的話，此處的guiding mantra形容指導綱領

💸 Getting people to take that message seriously, though, has been hard. After a decade of rapid home-sales growth, fueled by borrowing, China’s household leverage ratio hit a record high of 57.7% in the first quarter. It was the biggest quarterly jump in the ratio, which measures families’ mortgage, consumer and other debts relative to gross domestic product, since the first quarter of 2010.
然而，讓人們重視這一資訊並不容易。在信貸推動下，中國住宅銷售經歷了10年的快速增長，今年第一季度中國家戶債務佔比達到了57.7%的歷史最高紀錄。該比率出現2010年第一季度以來的最大季度增幅。該比率衡量的是家庭抵押貸款、消費和其他債務與國內生產總值（GDP）之比。

-fueled by sth: 推波助瀾、提供穩定的支援
-leverage ratio: 槓桿率
-quarterly jump: 季度增幅
-mortgage:抵押貸款


💰The central problem in China is that buyers have figured out the government doesn’t appear to be willing to let the market fall. If home prices did drop significantly, it would wipe out most citizens’ primary source of wealth and potentially trigger unrest.
中國的核心問題是，購房者認為政府似乎不願意讓房市下跌。如果房價真的大幅下跌，將摧毀大多數公民的主要財富來源，並可能引發動蕩。

-appear to: 似乎、看起來像
-wipe out: 抹殺、摧毀
-unrest: 騷亂、動盪


未完待續...
房地產是避險首選？中國政府為何不打房？
加入文末每日國際選讀計畫，解鎖完整語音導讀版

——
原文連結請看留言
——



❓❓多益模擬題❓:
He thinks most Chinese will _____ their wealth in real estate during downturns. “The worse China’s economy turns,” he said, “the higher property prices in places like Shenzhen will ____.”

🙋🏻‍♀️🙋🏼‍♀️
A. hoard/ stay
B. store/ decline
C. park/climb

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[時事英文] 各國如何面對新冠疫情?

讓我最有感觸的一句:

"The rise of populism has exacerbated the problem by reducing the incentives of countries to cooperate. "

「民粹主義的興起減少了各國合作的意願，使問題更加嚴重。」

—NY Times

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In Frankfurt, the president of the European Central Bank warned that the coronavirus could trigger an economic crash as dire as that of 2008. In Berlin, the German chancellor warned the virus could infect two-thirds of her country’s population. In London, the British prime minister rolled out a nearly $40 billion rescue package to cushion his economy from the shock.

1. trigger an economic crash 引發經濟崩潰
2. dire 嚴重的；危急的
3. roll out 推出
4. rescue package 救助計劃
5. to cushion sth from… 對（某事物的影響或力量）起緩衝作用

在法蘭克福，歐洲央行行長警告說，冠狀病毒可能引發與2008年一樣嚴重的經濟崩潰。在柏林，德國總理警告說，病毒可能導致該國三分之二的人口感染。在倫敦，英國首相推出了將近400億美元的一系列救助計劃，以緩解經濟受到的衝擊。

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As the toll of those afflicted by the virus continued to soar and financial markets from Tokyo to New York continued to swoon, world leaders are finally starting to find their voices about the gravity of what is now officially a pandemic.

6. the toll of… 的傷亡；損失；破壞
7. the death toll 死亡人數
8. afflict 使痛苦；使苦惱；折磨
9. swoon 低迷*
10. find their voices about 願意開口談及
11. the gravity of …的嚴重性

隨著感染者的死亡人數持續飆升，從東京到紐約的金融市場持續低迷，世界各國領導人終於開始談及這場已正式定性為大流行病的疫情的嚴重性。

*http://bit.ly/3b7PZK8

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Yet it remains less a choir than a cacophony — a dissonant babble of politicians all struggling, in their own way, to cope with the manifold challenges posed by the virus, from its crushing burden on hospitals and health care workers to its economic devastation and rising death toll.

12. cacophony 刺耳嘈雜的聲音；雜音
13. a dissonant babble of... 七嘴八舌的...
14. manifold challenges 多種多樣的挑戰
15. economic devastation 經濟崩解

然而，與其說是合唱，這更像一種刺耳的喧囂——一群七嘴八舌的政客用各自的方式努力應對這種病毒所帶來的各種挑戰，從超負荷的醫院和醫護人員到崩潰的經濟和與日俱增的死亡人數。

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The choir also lacks a conductor, a role played through most of the post-World War II era by the United States.

這個合唱團還欠缺指揮，在二戰戰後的大部分時間裡，這個角色是由美國扮演的。

President Trump has failed to work with other leaders to fashion a common response, preferring to promote travel bans and his border wall over the scientific advice of his own medical experts. Mr. Trump’s secretary of state, Mike Pompeo, has taken to calling it the “Wuhan virus,” vilifying the country where it originated and complicating efforts to coordinate a global response.

16. lack (v.) 缺少，缺乏*
17. to fashion a common response 形成一致的回應
18. travel ban 旅行禁令
19. take to sth 開始從事；形成…的習慣
20. vilify 詆毀，誣衊；醜化；貶低
21. complicate 使複雜化；使更難懂；使更麻煩

川普總統未能與其他領導人合作形成一致的回應，他寧願推動旅行禁令和他的邊境牆，而不是他自己的醫學專家的科學建議。川普的國務卿邁克·龐皮歐(Mike Pompeo)把它叫做「武漢病毒」，醜化其發源國，使協調全球響應的工作更加艱難。

*lack, lack of, lacking: http://bit.ly/33LrOhw

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週三，川普總統在白宮會見了銀行家，討論如何應對冠狀病毒。

The same denigration of science and urge to block outsiders has characterized leaders from China to Iran, as well as right-wing populists in Europe, which is sowing cynicism and leaving people uncertain of who to believe. Far from trying to stamp out the virus, strongmen like President Vladimir V. Putin of Russia and Crown Prince Mohammed bin Salman of Saudi Arabia have seized on the upheaval it is causing as cover for steps to consolidate their power.

22. the denigration of science 對科學的詆毀
23. characterize (v.) 是…的特徵；為…所特有
24. right-wing populists 右翼民粹主義者
25. sow a seed of 播下了…的種子
26. cynicism 犬儒主義；憤世嫉俗
27. stamp sth out 消除，消滅
28. upheaval 動盪
29. consolidate their power 鞏固自己的力量

從中國到伊朗的領導人，乃至歐洲的右翼民粹主義者，都有同樣的對科學的詆毀和對外人的排斥，這播下了疑神疑鬼的種子，讓人們不知道該相信誰。俄羅斯總統弗拉基米爾·V·普丁(Vladimir V. Putin)和沙烏地阿拉伯王儲穆罕默德·本·薩勒曼(Mohammed bin Salman)等強人領袖並沒有去試圖消滅病毒，而是趁機以其引發的動盪為掩護，鞏固自己的力量。

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Yet it is too simple to lay all this at Mr. Trump’s door, or on world leaders collectively. Part of the problem is simply the fiendish nature of the pathogen.

30. lay sth at sb's door 將…歸咎於（某人）
31. fiendish 惡魔般的；殘忍的
32. pathogen 病原體

然而，將一切推到川普身上，或一股腦推到各國領導人身上，都過於簡單了。部分問題實際上源於病原體的殘忍特性。

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Coronavirus has resisted the tools that countries have brought to bear against previous global scourges. Mysterious in its transmission and relentless in its spread, it has led countries to try wildly divergent responses. The lack of common standards on testing, on the cancellation of public gatherings and on quarantines have deepened the anxiety of people and eroded confidence in their leaders.

33. to bear against 抵禦
34. global scourges 全球災禍
35. wildly divergent responses 截然不同的應對方式
36. quarantine 隔離
37. eroded confidence 削弱對…的信心

各國為抵禦先前的全球災禍而使用的工具，被冠狀病毒一一擊敗。詭異的感染方式，持續不懈的傳播，已經導致各國不得不嘗試各種截然不同的應對方式。在病毒測試、取消公共聚會和隔離方法上缺乏一致的標準，這加劇了人們的焦慮，並削弱了他們對領導者的信心。

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The simultaneous shocks to supply and demand — shuttered iPhone factories in China; empty gondolas in Venice; and passengers abandoning cruises, hotels and airlines everywhere else — is a new phenomenon that may not respond to the weapons government wielded against the dislocation that followed the September 2001 terrorist attacks and the financial crisis of 2008.

38. simultaneous shocks 同時衝擊
39. supply and demand 供需
40. the weapons wielded against... 為抵禦...所鍛造的武器

供給和需求在同一時刻受到衝擊——被關閉的中國iPhone工廠；威尼斯空無一人的貢多拉；以及其他地方旅客放棄前往的郵輪、旅館和航班——政府在2001年9月的恐怖襲擊以及2008年金融危機後為抵禦混亂所鍛造的武器，恐怕難以用來對付這種新的現象。

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“The nature of this crisis is qualitatively different than the one in 2008 because the traditional tools are not as effective,” said Richard N. Haass, president of the Council on Foreign Relations. “Even if the U.S. took a leadership role, the traditional playbook would not be all that relevant here.”

41. the nature of …的性質
42. be qualitatively different 有本質區別
43. playbook 方案

「這次危機的性質，與2008年危機有本質區別，因為傳統手段的效果不佳，」外交關係委員會(Council on Foreign Relations)主席理查德·N·哈斯(Richard N. Haass)說。「即使美國發揮領導作用，傳統方案用在現在的情況沒有多大意義。」

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Britain, for example, won praise for its robust economic response, which, in addition to billions of pounds for hospitals and workers sidelined by illness, included a sharp interest rate cut by the Bank of England.

44. won praise for 贏得讚譽
45. robust economic response 強勁的經濟反應
46. in addition to 此外
47. be sidelined by illness 因疾病而停工
48. a sharp interest rate cut大幅降息

例如，英國因其強勁的經濟應對而贏得讚譽，他們不僅為醫院和因疾病而停工的工人提供了數十億英鎊撥款，還包括英格蘭銀行的大幅降息。

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Yet stocks in London still tumbled, if not as steeply as on Wall Street, where investors brushed off Treasury Secretary Steven Mnuchin’s proposal to allow Americans to delay paying their income taxes, which he claimed would pump $200 billion into the economy.

49. tumbled （價值）暴跌，驟降
50. steeply 徒峭地；險峻地
51. brush off 漠視，不理睬

然而，倫敦股市仍然下跌，儘管跌幅不及華爾街。面對財政部長史蒂芬·馬努欽(Steven Mnuchin)提出的允許美國人緩交所得稅的提議，華爾街投資人不為所動，馬努欽聲稱此舉將為經濟注入2000億美元。

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Mr. Trump’s other big idea, a cut in the payroll tax, was pronounced a “non-starter” by House Democrats, who scrambled instead to introduce legislation to provide financial help to patients, workers and families affected by the fast-moving epidemic and speed it to a House vote on Thursday.

52. payroll tax 薪金稅
53. non-starter 無成功希望的人（或想法、計劃）
54. House Democrats 眾議院民主黨議員
55. scramble to 爭搶(去做)

川普先生的另一個大想法是削減薪金稅，眾議院民主黨議員宣布這「不可能」，他們慌忙提出立法，在財務上幫助受迅速傳播的流行病影響的患者、工人和家庭，並且快速提交至週四的眾議院投票。

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To Mr. Haass, the intense focus on limiting the economic blow was understandable, given the carnage in the markets, but premature. He said countries needed to put their energy into slowing and mitigating the spread of the virus before they embarked on fiscal programs to repair the economic damage.

56. carnage （尤指戰爭中的）大屠殺，殘殺
57. carnage in the markets 市場的慘狀
58. premature 過早的；不成熟的；倉促的
59. mitigate 減緩
60. embarked on sth 開始，著手做（新的或重要的事情）
61. fiscal programs 財政計劃

哈斯認為，考慮到市場的慘狀，集中精力抑制經濟衝擊是可以理解的，但為時過早。他說，各國在開始實施財政計劃以修復經濟損失之前，需要投入精力以減慢並緩和病毒的傳播。

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The trouble is that, with few exceptions, their efforts have been hapless. In the United States, the delay in developing coronavirus test kits and the scarcity of tests has made it impossible for officials, even weeks after the first cases appeared in the country, to get a true picture of the scale of the outbreak.

62. hapless幸運的；不愉快的
63. the scarcity of …的缺乏
64. the scale of the outbreak 疫情的真實規模

問題是，除了少數例外，他們的努力都沒有什麼好結果。在美國，由於開發冠狀病毒檢測工具的進度遲緩，以及檢測手段的缺乏，官員們甚至在出現本國第一例病例數週後仍無法了解疫情的真實規模。

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In hard-hit Italy, quarrels broke out between politicians and medical experts over whether the authorities were testing too many people in Lombardy, inflating the infection figures and fueling panic in the public. Italy’s response could be weakened further by the anti-vaccination movement that was once embraced by the populist Five Star Movement, which took power in the last government.

65. hard-hit 受災嚴重的
66. inflate 抬高；誇大
67. fueling panic加劇恐慌
68. anti-vaccination movement 反疫苗運動
69. populist 民粹主義政黨
70. took power 執政

在受災嚴重的義大利，政界人士和醫學專家爭論當局是否在倫巴第對太多人進行測試，誇大感染人數，加劇公眾恐慌。義大利的反應可能會遭到反疫苗運動的進一步削弱。該運動曾受上屆執政的民粹主義政黨五星運動(Five Star Movement)的支持。

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義大利倫巴第地區是世界上受災最嚴重的地區之一，人們戴著口罩。

Even comparing one country’s case count to another’s is almost impossible, given the different testing procedures and diagnostic criteria around the world, said Dr. Chris Smith, a specialist in virology at the University of Cambridge.

71. testing procedures 檢測程序
72. diagnostic criteria 診斷標準

劍橋大學(University of Cambridge)病毒學專家克里斯·史密斯(Chris Smith)博士表示，考慮到世界各地不同的檢測程序和診斷標準，連對兩個國家的病例數進行比較幾乎都是不可能的。

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In the most extreme example, China’s case count skyrocketed when it began recording positives based on people’s symptoms, rather than a lab test, the method most countries are still using. But even lab tests might yield different results in different places, depending on the targets labs are using and the ways health workers collect and process specimens.

73. based on people’s symptom 根據某人癥狀
74. case count skyrocketed 病例數大幅飆升
75. yield different results 產生不同的結果

最極端的例子是，當中國開始根據癥狀而不是大多數國家仍在使用的實驗室檢測來計算確診病例時，病例數出現了大幅飆升。但即使是實驗室測試，不同的地方也可能產生不同的結果，這取決於實驗室使用的對象以及醫務人員收集和處理標本的方式。

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“Different countries are doing different things,” Dr. Smith said of the testing programs. “You’re not comparing apples to apples.”

「不同的國家正在做不同的事情，」史密斯談到測試項目時說。「這不是蘋果和蘋果之間的對比。」

The rise of populism has exacerbated the problem by reducing the incentives of countries to cooperate. European leaders, in a three-hour teleconference on Tuesday night, agreed to set up a 25 billion euro investment fund, or $28.1 billion, and to relax rules governing airlines to curb the economic fallout.

76. exacerbated the problem 使問題更加嚴重
77. the incentives of 誘因
78. teleconference 電話會議
79. curb the economic fallout 遏制經濟危機的影響

民粹主義的興起減少了各國合作的意願，使問題更加嚴重。歐洲領導人週二晚間舉行了三小時的電話會議，同意設立一個250億歐元（合1930億元人民幣）的投資基金，並放鬆對航空公司的監管，以遏制經濟危機的影響。

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But they failed to overcome national objections to sharing medical equipment like face masks and respirators, given that health issues are the responsibility of national governments. Germany, the Czech Republic and other countries have tightened export restrictions on this gear to keep it for their own citizens.

80. failed to overcome 未能克服
81. respirator 呼吸器
82. tightened export restrictions on… 加強了…的出口限制
83. gear （從事某活動的）裝備，用具，衣服

但他們未能克服各國對分享口罩和呼吸器等醫療器械的反對，因為健康問題是國家政府的責任。德國、捷克共和國等國家已經加強了對這些設備的出口限制，以便將其留給本國公民。

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Chancellor Angela Merkel’s warning that the virus would infect 60 percent to 70 percent of people in Germany — a figure she attributed to the “consensus among experts” — was the most forthright admission of the scale of the problem by any world leader. It was fully in character for a physicist-turned-politician, reinforcing her status as the liberal West’s foil to Mr. Trump.

84. attributed to 歸於
85. consensus among experts 專家共識
86. forthright （過於）坦誠的，直率的；直截了當的
87. reinforce 強化，加深，進一步證實（觀點、看法等）
88. the liberal West’s foil 自由主義西方世界中的對比
89. foil 陪襯物*

德國總理安哥拉·梅克爾(Angela Merkel)警告說，這種病毒將感染德國60%到70%的人——她稱這一數字來自「專家共識」——這是世界各國領導人對該問題嚴重性最坦率的承認態度。這完全符合從物理學家轉型為政治家的梅克爾的性格，令她進一步成為自由主義西方世界中川普的一個鮮明對比。

*http://bit.ly/3deYyVe

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“We will do whatever is needed,” she said. “We won’t ask every day, ‘What does this mean for our deficit?’”

90. deficit 赤字

「我們會竭盡所能，」她說。「我們不會每天都問，『這對我們的赤字有什麼影響?』」

Yet even Ms. Merkel’s position has been weakened by the resurgence of the far right in Germany. Germany rebuffed a request for medical equipment from Italy, only to see China offer the Italians an aid package that includes two million face masks and 100,000 respirators.

91. a resurgence of 復甦；復興；再次興起
92. far right 極右翼勢力
93. rebuff 斷然拒絕
94. only to do sth 不料卻，沒想到卻

然而，就連梅克爾的地位也被德國極右翼勢力的復甦削弱了。德國拒絕了義大利提供醫療器械的請求，中國卻向義大利提供了包括200萬隻口罩和10萬隻呼吸器在內的援助。

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In Britain, which left the European Union in January, there are already fears that the country will not have access to a vaccine, or will have to pay more for it than other European countries. Mr. Johnson’s government, which won its recent election on a populist-inflected platform of “Get Brexit Done,” is now struggling with how to communicate the risks of the outbreak to its public.

95. a vaccine 疫苗
96. platform 綱領，政綱，宣言

在今年1月脫離歐盟的英國，已經有人擔心該國將無法獲得疫苗，或者將不得不支付比其他歐洲國家更多的費用。強生的政府在最近的選舉中獲勝，憑藉的是受民粹主義影響的「完成脫歐」(Get Brexit Done)宣言。如今這個政府正在吃力地向民眾宣講疫情暴發的風險。

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The Johnson government has put a lot of stock in a so-called nudge unit in Downing Street that specializes in behavioral psychology. But in trying to calibrate its response to what it deemed people capable of processing, the government risked condescending to Britons, said John Ashton, a former regional director of public health for the northwest of England.

97. put a lot of stock in 投入了大量資金
98. so-called 所謂
99. nudge unit 哄勸部門
100. behavioral psychology 行為心理學
101. calibrate 判斷；劃分刻度，標定
102. deem 認為，視為；覺得
103. condescending 表現出高…一等的姿態的，帶有優越感地對待…的

強生政府在唐寧街設立了一個擅長行為心理學的所謂「哄勸」部門，為此投入了大量資金。但前英格蘭西北部地區公共衛生主任約翰·阿什頓(John Ashton)說，政府在判斷人們的接受限度，並以這個限度為依據來制定自己的應對措施，這可能是在用一種假惺惺的屈就方式對待英國人民。

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Britain has only recently started publishing broad breakdowns of where people are contracting the virus. Mr. Ashton said they should be giving much more detailed information, as in Hong Kong, which has published building-level maps of patients who have gotten sick, when they were there and how they contracted the virus.

英國直到最近才開始公布感染髮生的具體地點。阿什頓說，他們應該提供更詳細的信息，就像香港一樣。香港公布了具體到建築的患者地圖，並提供他們在那裡的時間和感染病毒的方式。

“I think it’s patronizing — they need to keep the public fully in the picture,” Mr. Ashton said. “You have to treat the public as adults, instead of keeping them in the dark. That’s where you get rumor and hysteria. They actually create panic by not being open with people.”

104. patronizing 屈尊俯就的；自以為高人一等的
105. keep sb in the picture 使（某人）了解情況
106. keeping sb in the dark 蒙在鼓裡
107. rumor and hysteria 謠言和歇斯底里

「我認為這是一種哄人的姿態——他們需要讓公眾充分了解情況，」阿什頓說。「你必須像對待成年人一樣對待公眾，而不是把他們蒙在鼓裡。謠言和歇斯底里就是這麼來的。他們不向人民開誠布公，實際上是在製造恐慌。」

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完整報導: https://nyti.ms/2J070dm

圖片來源: http://bit.ly/2U1tgJS

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這篇文章你最喜歡哪一句? 辛苦的小編把所有的關鍵片語都列出來了! 同學會持續的看到這些關鍵詞彙和句型出現在我們所有的時事英文喔！

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台灣的應對: http://bit.ly/3a6NSGu

保健心智圖: https://goo.gl/seqt5k

保健相關單字: https://wp.me/p44l9b-Tt (+mp3)

時事英文大全: http://bit.ly/2WtAqop

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這一週的「時事英文」講義和使用方式: https://bit.ly/3a9rr38