高一英语小作文

What Caused The Financial Crisis?

I think we can sum up the cause of our current economic crisis in one word — GREED. Over the years, mortgage lenders were happy to lend money to people who couldn’t afford their mortgages. But they did it anyway because there was nothing to lose. These lenders were able to charge higher interest rates and make more money on sub-prime loans. If the borrowers default, they simply seized the house and put it back on the market. On top of that, they were able to pass the risk off to mortgage insurer or package these mortgages as mortgage-backed securities. Easy money!

and what went wrong with our financial system? The whole thing was one big scheme. Everything was great when houses were selling like hot cakes and their values go up every month. Lenders made it easier to borrow money, and the higher demand drove up house values. Higher house values means that lenders could lend out even bigger mortgages, and it also gave lenders some protection against foreclosures. All of this translates into more money for the lenders, insurers, and investors. Unfortunately, many borrowers got slammed when their adjustable mortgage finally adjusted. When too many of them couldn’t afford to make their payments, it causes these lenders to suffer from liquidity issue and to sit on more foreclosures than they could sell. Mortgage-backed securities became more risky and worth less causing investment firms like Lehman Brothers to suffer. Moreover, insurers like AIG who insured these bad mortgages also got in trouble.

The scheme worked well, but it reverses course and is now coming back to hurt everyone with a vengeance.

高中英語80作文

A Touching Event

Yesterday afternoon I went to the Yuexiu Park. It happened that I saw a touching event. At that time, some people were boating on the lake. Among them was perhaps a happy family. They were taking photos when suddenly the girl fell off the boat into the water. She was struggling and her parents cried out, Help!Help ! It was obvious that they could not swim at all. From nearby a young man immediately rushed to the lake. Without taking off his clothes, he jumped into the water and quickly swam towards the girl l who was already tired out. At last he carried her to the lake side. She was saved!

How happy the parents were! Before they thought of thanking the Young man, he had disappeared!

Shanghai will host the 2010 World Expo. The World Expo has a long history but it has never been held in Asia. So the 2010 World Expo is an honor for all of the Asians. Our government has promised that it will be the best one. And Shanghai， as a host city， will have more chances to develop quickly. As a student in Shanghai， I should learn English well so that I can be a volunteer in the Expo to help foreigners know more about Shanghai.

I hope the opening ceremony of the World Expo 2010 could had a setting of Shi Ku Men. So it can show the features of Shanghai. And the performers should wear QiPao. In this way, foreigners of all over the world will know the tradition of architecture style and the history of garment.