帮忙写一篇英语作文 经济危机与大学生就业

Today's college students face choices unheard of years ago. Terms like two way selection, self-employment are not new to them. Many students swarm (蜂拥) into job market or look every talent fair (人才交流会) for potential employers. The concept of selling (推销) oneself rather than hiding oneself is well accepted by students.
Hunting a job is no small matter. Instead, it is probably one of the most, if not the most, important decisions any of would-be graduates can make in a lifetime. Therefore, they are very serious and cautious when that time comes. It is something that the society has taught them.
As the job market gets shrinking, it has also become a must for undergraduates (在校本科生)to work harder than before to keep their competitive edge (保持竟争地位). More students are engaged in their studies with no distractions (分心，干扰). They are investing today for a promising (大有希望的，前途无量的) tomorrow.

The threat of impending financial disaster concentrates political minds wonderfully. On Thursday a group of Congressional leaders heard Hank Paulson, the Treasury secretary, and Ben Bernanke, the Federal Reserve chairman, paint a dire economic scenario if they did not approve a more sweeping remedy for the financial crisis. Student and car loans, not just mortgages, would all be harder to get. The The economy would sink into a severe recession

The recent upheaval in the financial sector has some people in a panic, most people bewildered, and others busy aiming their pointer fingers at whomever they think is guilty of doing something that contributed to this problem. The presidential candidates are in the latter category. They aren’t quite sure what to do or what to say, but that doesn’t stop them from saying something, anyway.

John McCain made a decisive statement, attempting to show leadership, but his statement was not a very smart one. Barack Obama, by contrast, simply blamed Republicans.

Few things are as simple as politicians make them seem in an election year. Political candidates succeed by issuing pointed statements that are easy to understand and that connect with voters; truth and accuracy are not the primary concerns.

The important thing right now is to figure out what actually happened in the financial sector, and fix things so it can’t happen again. We must ignore the tremendous amount of speculation about what “might” happen, and the doom and gloom soothsayers who tell us that the sky is falling or that the end of the world draweth nye.

Because of its complexity the current financial situation invites simple political messages that connect with voters; it does not lend itself to full explanations that illuminate.

So, when Sen. Obama says that “it’s the Republicans’ fault,” he is expressing a simple idea that a lot of people buy into, but doesn’t explain anything. It is a silly oversimplification unworthy of a man who would be President. It appeals to emotional prejudices and ignores inconvenient realities, and most important of all, it is just plain wrong.

When Sen. McCain suggested that Securities and Exchange Commission head Christopher Cox didn’t do his job, and if he were president he would fire Mr. Cox, the Senator didn’t offer specifics. We’ll know more about Mr. Cox’s role as time passes and we learn more of the details, and can then judge if Mr. McCain’s simple message to voters about firing Chris Cox was a proper evaluation of the situation.

Sen. Obama described the current agony as "the most serious financial crisis since the Great Depression,” ignoring all the recessions since then, even the ones in the 80s and the one following the 9-11 attacks, both arguably more serious crises. Of course, it remains to be seen just how serious this problem will ultimately be, but given Mr. Obama’s abysmal understanding of things economic, we would do well to take his prognostications with a grain of salt.

The root of this problem is the housing market’s subprime loan crisis. A subprime loan is a loan made to someone who under normal circumstances would not qualify for a loan, based upon their income and their ability to make payments. That begs the question: Why would a bank make a loan to someone it believes is unable to make the payments?

The Community Reinvestment Act (CRA) was given life during the Carter administration, and empowers four federal financial supervisory agencies to oversee the performance of financial institutions in meeting the credit needs of their entire community, including low- and moderate-income neighborhoods. Whenever an institution wants to make virtually any change in its business operation, such as merging, opening up a new branch, or getting into a new line of business, it must first prove to regulators that it has made ample loans to the government's preferred borrowers, those in low- and middle-income neighborhoods who normally would not qualify for a loan. Lenders with low ratings can be fined by the government.

The Carter administration used tax dollars to fund numerous "community groups" that helped the government enforce the CRA by filing petitions against banks whose “cooperativeness” didn’t measure up, and sometimes stopping their efforts to expand their operations. Banks responded by giving money to the community groups and by making more loans. One of those organizations was the Association of Community Organizations for Reform Now (ACORN). An active associate of ACORN in the 90s was a young public-interest attorney named Barack Obama.

So, starting in 1977 the federal government began “encouraging”—perhaps “strong-arming” is a more accurate term—banks to make loans to people to whom they normally would not make a loan, and in 1995 the Clinton administration pushed through revisions to the CRA that substantially increased the number and amount of these loans.

All of the bad loans weren’t caused by the CRA, of course, but billions of dollars in CRA loans did go bad, as should have been expected. When Fannie Mae and Freddie Mac came along and made it possible for banks to escape the risk associated with these ill-advised loans, conditions were just right for a large portion of the banking industry, even institutions that did not fall under the CRA, to become involved in making loans to unqualified borrowers, and banks participated in big numbers.

The federal government’s fingerprints are all over this crisis, and the Democrats who are today so righteously indignant and blaming the administration are at least as guilty as the Republicans.

James H. Shott, a resident of Bluefield, Va., is a Bluefield Daily Telegraph columnist. He blogs at Observations

原创:

金融危机在“蝴蝶效应”下迅速蔓延全球,从美国道中国,甚至全球.它影响了很多不同职位的人.
对于学生来说,很多学生打算出国,低汇很率,出国以后就不会那么辛苦了.但是最近,我读了报纸,金融危机导致奖学金减少,我相信对于想出国的学生来说这不是个好消息.
对于工人来说, 找工作是件比较麻烦的事情. 多帮朋友留意工作机会，多帮经济不好的朋友、亲戚，邻居.
要有信心面对危机。每个人都有信心，经济复苏就会快一些。

the Finacinal crisis spreaded rapidly all round the world with the Butterfly Effect,from the United State to China,even the world.It affected lots of people in different positions.

For Students,there are many students are about to studying aboard because of the low exchange rate and it will be easier for student's family to afford the cost of living .

For workers,it may be a tough task to find a job,and we should hlep each other ,pay more attention to job opportunities to help a friend.

We should have confidence to face the crisis,if we did thoses tings above,the economy recovery will be faster.