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考研英语真题材料来源报刊100篇连载 (55)

时间:2021-01-04 12:47来源:网络整理 作者:北京您早 点击:
考研英语真题材料来源报刊100篇连载整理如下,考生可按照以下材料坚持每日阅读训练,了解出题规律。词汇解析和文章讲解内容详

考研英语真题材料来源报刊100篇连载整理如下,考生可按照以下材料坚持每日阅读训练,了解出题规律。词汇解析和文章讲解内容详尽。点击进入考研资料中心下载>>


  考研英语真题材料来源报刊100篇连载 (55)

  Higher rates! Bigger fees!

  In recent weeks, you’ve heard plenty about the sleazy side of the subprime mortgage business. Rising numbers of borrowers are losing their homes after being lured into high-cost mortgages they couldn’t afford. But there’s another piece of the painful subprime story that hasn’t hit the headlines yet: costly—sometimes abusive—subprime credit cards. They’re bleeding millions of borrowers who didn’t know what they were getting into.

  Subprimes come in two types: Cards that are crazily costly to begin with and cards that look good but hide big traps. You know about traps if you’ve paid some bills late and are now being charged with interest at 30 percent. In general, here’s how the business works:

  The bottom-feeding cards—for people with damaged credit—offer you a decent interest rate on credit lines “up to” $3,000. When the card arrives, however, your line might be only $250. And then come the fees! “Program” fees. Account set-up fees. Participation fees. Annual fees. They’re charged to your tiny credit line, leaving you almost nothing to spend.

  Two better-known card issuers with a big subprime business are Capital One and HSBC’s Orchard Bank. They charge lower upfront fees than other cards do. But if you fall behind, it’s tough. Cap One’s penalty rate is currently 28.15 percent. Orchard Bank doesnt disclose its penalty rate online and wouldn’t tell me what it is (that didn’t engender confidence!). Cap One has a reputation for issuing multiple cards to people who bump up against their credit limits. That gives them two cards, with two low limits, to overspend.

  Lenders have figured out many ways of extracting fees. There’s “universal default”, where a late payment on one card can trigger high penalty rates on every card you own. There’s the “endless late fee”, where your payments never catch up with the new penalties you’re charged. There’s “two-cycle billing”—too complicated to explain here, but which amounts to charging interest on balances that you’ve already paid. And “retroactive price hikes,” where banks impose higher rates on old balances as well as new ones. “What other business can get away with raising the price of something you already purchased?” says Travis Plunkett of the Consumer Federation of America.

  These practices startle consumers who think such high fees and interest rates must be against the law. But the Supreme Court effectively deregulated credit card rates 30 years ago, and 10 years ago it deregulated the size of the fees a bank could charge. Prior to fee deregulation, late fees hovered between $13 and $15, says Robert McKinley of CardWeb.com, which tracks the business. Now they run from $30 to $40. “Its out of control,” he says. “Banks know theyve pushed this too far.”

  This year, however, the new Congress started holding hearings. Suddenly Citi dropped universal default and JPMorgan Chase ended two-cycle billing. But those are just gestures. Without fee caps or usury laws, we’re in the bankers’hands.

  考研词汇:

  sleazy['sli:zi]

  a.质地薄的, 质量差的, 廉价的;乌烟瘴气的

  charge[tɑ:d]

  v.①索(价),要(人)支付,收费;②控告,指控;③充电;④承担;n.①[pl.]费用,代价;②电荷,负荷

  [真题例句] Railroads typically charge (v.①) such “captive” shippers 20 to 30 percent more than they do when another railroad is competing for the business.[2003年阅读3]

  [例句精译] 通常,铁路公司对这些“被控”客户的收费要比有另一铁路公司竞争业务时多20%~30%。

  [真题例句] Now he is suing the casino,charging (v.②) that it should have refused his patronage because it knew he was addicted.[2006年新题型]

  [例句精译] 现在他正在起诉这个娱乐场,起诉它应该拒绝自己进入并参与赌博,因为它知道他已经上瘾了。

  [真题例句] (48) I have excluded him because, while his accomplishments may contribute to the solution of moral problems, he has not been charged (v.④) with the task of approaching any but the factual aspects of those problems. [2006年翻译]

  [例句精译] (48) 我之所以把普通科学家排除在外,是因为尽管他的成就可能有助于解决道德问题,但他还没承担起研究道德问题事实方面以外的任何责任。

  credit[kredit]

  v./n.信用,信任;n.信用贷款,赊欠;名誉,名望;光荣,功劳;学分

  penalty[penlti]

  n.处罚,惩罚

  [真题例句] In a significant (32:tightening) of legal controls over the press, Lord Irvine, the Lord Chancellor, will introduce a (33:draft) bill that will propose making payments to witnesses (34:illegal) and will strictly control the amount of (35:publicity) that can be given to a case (36:before) a trial begins.[2001年完形]

  (35) [A] publicity[B] penalty

  [C] popularity[D] peculiarity

  [例句精译] 为了更有效地对新闻界实施合法监控,大法官Irvine勋爵将引入一项草拟的法案,该法案将提出,付款给证人是非法的;在审判开始前,对案件的曝光度要严格控制。

  (35) [A](公众的)注意,公开,宣传

  [B] 处罚,惩罚

  [C] 普及,流行

  [D] 特性,特色

  bump[bmp]

  v.①(against,into)碰,撞;②颠簸着前进;n.①碰撞;②隆起物

  retroactive[retr'ktiv]

  a.反动的;追溯的, 有追溯力的, 从以往某天开始生效的

  背景常识介绍:

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