We will hold an English lecture given by Professor Smith form HongKong University about the differences between American English and British English. It will start at 7:00 pm and last for about 2 hours on Feburary 26th. which is Thurday. If you are interested in it ,you can go to NO.2 Reading Room of our library. After that, we can have a group discussion on the topic with him. Looking forward to seeing you all there!
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.
With nowadays raising dogs becoming more and more popular, it's much more important to train your pet dogs to avoid causing social problems. Training dogs is designed to have your pet understand your idea and obey your command. Trained dogs behave much better in their manners and relationship with their owners. Training really does good to both your pet and yourself.
However, training dogs isn't so easy as you may have imagined. People might get hurt if your pet hadn't received appropriate training. However, as long as you keep training your pet several minutes a day, I'm sure these clever and loyal creatures will change their bad habits and get new skills. Good training makes your dog perfect!
1. A hard-working student
Li Lei is one of my best friend. He is in the same class with me. He is tall and thin. He is a hard-working student. He often listens to the teacher carefully in class and after class he ofter goes over the lesson and then does his homework carefully. He often prepare the lessons before class. He studies so hard that he doesn't go to bed until half past ten. He can always gets good grades at school and he often helps others so we all like him very much.
2. My school life
My school life is busy and interesting. We usually have four classes in the morning and three in the afternoon. Class begins at eight in the morning and one thirty in the afternoon. We have ten minutes rest between two classes. I often have my lunch at school. After school I have after-school activities. I like playing basketball very much so I often play basketball for about an hour with my friends. In spring and autumn we have sports meeting and sometimes we have other activities, such as English compation. My school life is so fantastic that I like it very much.
3. How to learn English well
I was weak in English before but now I am good at it. I think if we have good ways of learning English and work hard, we will make great progress. If we want to learn English well, In my opinion, firstly, we should be confident so believe ourselves is very important. Secondly, we should have our own good ways of learn English. Such as listening to the teacher carefully and take notes, reviewing what is learned regularly and doing our homework carefully, listening to tape and repeating after the tape, watching English films and TV programmes,reading English stories and newspapers and so on. Thirdly, learning English takes time so we should spend as much time as we can on English. "No pains, no gains". If we work hard, I am sure we will learn English well.
4. My great summer vacation
I really had a great and interesting summer vacation. I did my homework every day so I finished doing my homework ten days before the new term. I also played table tennis and basketball with my friends every day. I sometimes went to movies and went to the parks with my friends. I surfed the internet, read books and watched TV every evening. I visited my grandparents and helped them with the housework, too. I helped my parents clean the room and cook meals. I also take a tennis course and now I can play tennis very well.The most important was that my parents and I went to Hannan Island and we spent a week there. I really had a wonderful summer vacation.
5. My happy life
Happiness don't mean you are rich,such as a millionair. I think having a happy family is the basic of a happy life. My parents are great. They are not only my parents but also my best friends. When I have troubles and worries, they can always give me good advice and help me solve the problems so I can have a happy life. When I need money, my parents are my surporters. And they can treat my friends friendly and happy that makes me feel happy. I have lots of hobbies, such as, reading, playing table tennis, collecting stamps and so on. Having good hobbies can also make me happy. I have lots of good friends. When I don't feel happy they can always have good ways to make me feel good.So I think I have a happy life.
6. My pen friend Nancy
I have have some pen friendsfriends and Nancy is by best friend. She is fourteen years old. And her birthday is May 1st.(或者： She was born on May 1). She is from America and she lives in New York. Her favourite subject is music. She is pretty with long,curly hair and a pair of glasses. She loves sports and her favourite is swimming. She is friendly and kind. She is good at maths and she can get on well with others. She always helps others when they are in trouble. She is so kind that I love her very much.
7. An unforgetble trip
Last summer my parents and I went to Beidaihe. It was sunny and hot that day. My dad drove a car and it took us about three hours to get to the beach. There were thousands of people on the beach and in the sea that day. We walked along the beach and picked up beautiful shells for about two hours. Then we felt hungry and ate delicious sea food. After lunch we went boating with the farmer and we caught lots of different kinds of sea fish. We saw beautiful seagulls flying in the blue sky. Then we swam in the sea. It was really cool to swim and of course we had a good time. So that was un an unforgetble trip.
8. My birthday
Next Sunday is my birthday. I am going to have a birthday party. I want to invite my best friends to my home to attend my party. We are going to make/ eat a birthday cake. I am sure I will receive lots of presents. We are going to take pictures, sing and dance. Of course we are going to talk and play games,too. I am looking forward to my birthday party.
9. My mother
My mother is a nurse. She works in a hospital which isn't far from our home. So she always goes to work by bike. She works hard and she is also very patient. So her workmates and the patients all like her very much. Although sometimes some patients are rude, she is very kind and she understands them a lot. She never shout to them. Sometimes she has to work at night. She likes her work very much.
10. My favourtie hobby
I have many hobbies, such as, reading books, listening to music, collecting stamps and so on. But my favourite is playing badminton. When I was six years old, my mother began to teach me how to play badminton. The white ball flew in the air and it was very beautiful and exciting. So from then on I liked playing badminton. What's more, I think playing badminton is one of the best way to make strong and healthy. It can also let me make lots of friends. I often play badminton with my friends after school. Sometimes I play it with my mother and my friends on weekends. When I play badminton, I forget all my worries and it brings me lots of happinesss. When I grow up, I want to be a badminton player. So I must play it very well. Now I am having a badminton lesson and I am making lots of progress now. I am sure I can play badminton very well and my dream will come true.