经济英语演讲稿(6篇范文)

第1篇 关于经济的英语演讲稿

经济是价值的创造、转化与实现，那么怎样用英语演讲关于经济的问题呢？以下是小编整理了关于经济的英语演讲稿，供你参考。

关于经济的英语演讲稿篇一

before the implementation of reform and opening-up program pioneered by mr dengxiaoping in 1978,china was undergone a serious recession.even the country leaves not much discretionary money and therefore our people are in a tight corner.however,after those span of time,china has expierenced a profound transformation never seen in china before.

china has identified the goal for the first 2years of this century.that is to firm seize the important window of statigic opportunities to build a moderately prosperous sociaty of a higher standard in a all-round way for the benefits of our over one billion people.

关于经济的英语演讲稿篇二

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.

关于经济的英语演讲稿篇三

hi, everybody.

at a moment when our economy is growing, our businesses are creating jobs at the fastest pace since the 1990s, and wages are starting to rise again, we have to make some choices about the kind of country we want to be.

will we accept an economy where only a few of us do spectacularly well? or will we build an economy where everyone who works hard has a chance to get ahead?

that was the focus of my state of the union address-middle-class economics. the idea that this country does best when everyone gets their fair shot, everyone does their fair share, and everyone plays by the same set of rules. this week, i will send a budget to congress that's built on those values.

we'll help working families' paychecks go farther by treating things like paid leave and child care like the economic priorities that they are. we'll offer americans of every age the chance to upgrade their skills so they can earn higher wages, with plans like making two years of community college free for every responsible student. and we'll keep building the world's most attractive economy for high-wage jobs, with new investments in research,infrastructure,manufacturing, and expanded access to faster internet and new markets. we can afford to make these investments.

since i took office, we've cut our deficits2 by about two-thirds-the fastest sustained deficit1 reduction since just after the end of world war ii. we just have to be smarter about how we pay for our priorities, and that's what my budget does.

it proposes getting rid of special interest loopholes in our tax code, and using those savings3 to cut taxes for middle-class families and reward businesses that invest in america. it refuses to play politics with our homeland security, and funds our national security priorities at home and abroad.

and it undoes4 the arbitrary, across-the-board budget cuts known as "the seq

quester5" for our domestic priorities, and matches those investments dollar-for-dollar in resources our troops need to get the job done.

now, i know that there are republicans in congress who disagree with my approach. and like i said in my state of the union address, if they have ideas that will help middle-class families feel some economic security, i'm all in to work with them.

but i will keep doing everything i can to help more working families make ends meet and get ahead. not just because we want everyone to share in america's success-but because we want everyone to contribute to america's success. that's the way the middle class thrived in the last century-and that's how it will thrive again.

thanks, and have a great weekend.

关于经济的英语演讲稿篇4

before the implementation of reform and opening-up program pioneered by mr dengxiaoping in 1978,china was undergone a serious recession.even the country leaves not much discretionary money and therefore our people are in a tight corner.however,after those span of time,china has expierenced a profound transformation never seen in china before.

china has identified the goal for the first 2years of this century.that is to firm seize the important window of statigic opportunities to build a moderately prosperous sociaty of a higher standard in a all-round way for the benefits of our over one billion people.

关于经济的英语演讲稿篇5

maybe god wants us to meet a few wrong people before meeting the right one so that when we finally meet the right person, we will know how to be grateful for that gift.

when the door of happiness closes, another opens, but often times we look so long at the closed door that we don't see the one which has been opened for us.

the best kind of friend is the kind you can sit on a porch and swing with, never say a word, and then walk away feeling like it was the best conversation you've ever had.

it's true that we don't know what we've got until we lose it, but it's also true that we don't know what we've been missing until it arrives.

giving someone all your love is never an assurance that they'll love you back! don't expect love in return; just wait for it to grow in their heart but if it doesn't, be content it grew in yours. it takes only a minute to get a crush on someone, an hour to like someone, and a day to love someone, but it takes a lifetime to forget someone.

don't go for looks; they can deceive. don't go for wealth; even that fades away. go for someone who makes you smile because it takes only a smile to make a dark day seem bright. find the one that makes your heart smile.

关于经济的英语演讲稿篇6

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.

第2篇 美国总统在罗得岛学院就经济政策英语演讲稿

the president: hello, everybody! (applause.) can everybody please give lisbeth a biground of applause? that was a great introduction. (applause.)

happy halloween, everybody. i see a lot of you came as college students. (applause.)

audience member: we love you!

the president: i love you, too. those of you who have seats, feel free to sit down. those ofyou who don’t, don’t. (laughter.) i am not going to be too long. i’ve got to get back and trick-or-treat tonight with michelle. although, malia and sasha are a little old --

audience: aww --

the president: it’s so sad. (laughter.) i used to be able to -- we’d dress them up, and westill have the pictures. they’ll resent them later, but at the time they were fine with it. theywere so cute.

a good thing about being president is we never run out of presidential m&ms -- (laughter) -- so we’re going to be giving those out.

audience: (inaudible.) (laughter.)

the president: you want some? is that what you said? only to kids. (laughter.)

we’re so proud of lisbeth, not just for the wonderful introduction but for being so determinedabout her education. and she’s a really remarkable young lady. i had a chance to speak to herbefore we came out. it turns out she went to school with my niece and nephew --

audience member: classical!

the president: that’s right. at classical, is that right? so that was neat.

i have also brought some halloween characters with me: our secretary of labor, tom perez. (applause.) they are all dressed up as really outstanding public servants. (laughter.) andtom has just been doing extraordinary work. his lovely daughter is there, who’s a freshman atbrown. your great senators, jack reed and sheldon whitehouse. (applause.) your outstandingcongressman, david cicilline, is here. (applause.) jim langevin is here. (applause.) and we’reproud of both of them.

but despite how much i love all the folks i just mentioned, the people i really came to see isyou. (applause.) because every decision i make every single day -- all the policies i pursue aspresident -- are all aimed at making sure we restore the promise of this country for yourgeneration and for every generation that comes after.

now, the good news is we’ve made a lot of progress since the worst economic crisis of ourlifetimes. so when i first came into office, the economy was in a freefall, the auto industry wasin a freefall. banks were frozen up. we were losing 800,000 jobs a month. over the past 55months, our businesses have now added 10.3 million new jobs. (applause.) for the first time inmore than six years, the unemployment rate is below 6 percent. over the past six months,our economy has grown at its fastest pace in more than 10 years.

and in education, dropout rates are down, the national graduation rate is the highest on record,more young people are earning their college degrees than ever before. (applause.) good job,young people.

in energy, we’re less dependent on foreign oil than any time in nearly three decades.manufacturing -- the quintessential producer of middle-class jobs, the heart of rhode island’seconomy for decades -- manufacturing has now created 700,000 new jobs since early 2019. tenmillion americans have gained the peace of mind that comes with having health insurance. (applause.)

audience member: thank you!

the president: you’re welcome.

deficits have come down. health care inflation has come down. there’s almost no economicmeasure by which we haven’t made substantial progress over this period of time. we’rebetter off than we were. (applause.)

so, look, the progress has been hard. it’s sometimes been challenging in particular states.but it’s been steady and it’s been real. now, the thing is, though, what’s also true is thatmillions of americans don’t yet feel the benefits of a growing economy where it matters most --and that’s in their own lives. there are still a lot of folks who are working hard, but havingtrouble making ends meet.

i know that many of you are working while you go to school. some of you are helping supportyour parents or siblings. here in rhode island, and across the country, there are still too manypeople who are working too many hours and don’t have enough to show for it. and this isn’tjust the hangover from the great recession; some of this has to do with trends that date back20, 30 years. and i’ve always said that recovering from the crisis of 2019 was the first thing wehad to do, but our economy won’t be healthy until we reverse some of these longer-termtrends, this erosion of middle-class jobs and income.

and here in rhode island, my administration recently announced a grant to help more long-term unemployed folks get the training and mentoring they need to get back to work. (applause.) and all across the country, we’re taking similar actions, community bycommunity, to keep making progress.

we’ve got to harness the momentum that we’re seeing in the broader economy and makesure the economy is working for every single american. we’ve got to keep making smartchoices. and today, here at ric, i want to focus on some common-sense steps we can take tohelp working families right now. in particular, i want to zero in on the choices we need tomake to ensure that women are full and equal participants in the economy. (applause.)

now, men, i don’t want you to feel neglected. i like men just fine. (laughter.) but part of thereason that i want this focus is because i was raised by a single mom, and know what it was likefor her to raise two kids and go to work at the same time, and try to piece things togetherwithout a lot of support. and my grandmother, who never graduated from college but workedher way up to become vice president of a bank, i know what it was like for her to hit the glassceiling, and to see herself passed over for promotions by people that she had trained. and sosome of this is personal, but some of it is also what we know about our economy, which is it’schanging in profound ways, and in many ways for the better because of the participation ofwomen more fully in our economy.

so earlier today, i met with a group of women business owners and working moms, and lisbethand your president here, and they were sharing stories that probably sound familiar to a lot ofpeople -- studying for finals after working a full shift; searching for childcare when thebabysitter cancels at the last minute; using every penny of their savings so they can afford tostay home with their new baby.

and so i kept on hearing my own story. i kept on hearing about my mom struggling to putherself through school, or my grandmother hitting that glass ceiling. and i thought aboutmichelle, and i told some stories about when michelle and i were younger and getting starting,and we were struggling to balance two careers while raising a family. and my job forced me totravel a lot, which made it harder on michelle, and we would feel some of the guilt that somany people feel -- we’re working, we’re thinking about the kids, we’re wondering whetherwe’re bad parents, we’re wondering whether we were doing what we need to do on the job. andas the catch-22 of working parents, we wanted to spend time with our kids, but we also wantedto make sure that we gave them the opportunities that our hard work was providing.

and then, of course, i think about my daughters. and the idea that my daughters wouldn’thave the same opportunities as somebody’s sons -- well, that’s unacceptable. that’s notacceptable. (applause.)

so i say all this because -- to the men here, we all have a stake in choosing policies that helpwomen succeed. women make up about half of america’s workforce. (applause.) for more thantwo decades, women have earned over half of the higher education degrees awarded in thiscountry. and you look at the ric student body, almost 70 percent women. (applause.) incolleges nationwide, there are more women graduating than men -- which means that for thefirst time, america’s highly educated workforce will be made up of more women than men. (applause.)

but here’s the challenge -- that’s all good news -- the challenge is, our economy and some ofthe laws and rules governing our workplaces haven’t caught up with that reality. a lot ofworkplaces haven’t caught up with that reality. so while many women are working hard tosupport themselves and their families, they’re still facing unfair choices, outdated workplacepolicies. that holds them back, but it also holds all of us back. we have to do better, becausewomen deserve better. and, by the way, when women do well, everybody does well. (applause.)

so women deserve a day off to care for a sick child or sick parent without running intohardship. and rhode island has got the right idea. you’re one of just three states where paidfamily leave is the law of the land. (applause.) more states should choose to follow your lead.

it was interesting talking to some of the small business owners in the meeting. they weresaying how the rhode island law actually helped them do a better job recruiting and retainingoutstanding employees. and so that shows you something -- that this is not just a nice thingto do; it’s good policy. it’s good for business. it’s good for the economy. (applause.)

without paid leave, when a baby arrives or an aging parent needs help, workers have to makepainful decisions about whether they can afford to be there when their families need themmost. many women can’t even get a paid day off to give birth to their child. i mean, there are alot of companies that still don’t provide maternity leave. of course, dads should be there, too.so let’s make this happen for women and for men, and make our economy stronger. (applause.) we’ve got to broaden our laws for family leave.

moms and dads deserve a great place to drop their kids off every day that doesn’t cost theman arm and a leg. we need better childcare, daycare, early childhood education policies. (applause.) in many states, sending your child to daycare costs more than sending them to apublic university.

audience member: true!

the president: true. (laughter.) and too often, parents have no choice but to put theirkids in cheaper daycare that maybe doesn’t have the kinds of programming that makes a bigdifference in a child’s development. and sometimes there may just not be any slots, or the bestprograms may be too far away. and sometimes, someone, usually mom, leaves the workplace tostay home with the kids, which then leaves her earning a lower wage for the rest of her life as aresult. and that’s not a choice we want americans to make.

so let’s make this happen. by the end of this decade, let’s enroll 6 million children in high-quality preschool, and let’s make sure that we are making america stronger. that is good forfamilies; it’s also good for the children, because we know investing in high-quality earlychildhood education makes all the difference in the world, and those kids will do better. so weneed family leave, we need better child care policies, and we need to make sure that women getan honest day’s pay for an honest day’s work. (applause.)

about 28 million americans would benefit if we raised the minimum wage to $10.10 an hour -- (applause) -- like sheldon whitehouse and jack reed support. and let me say this: minimumwage -- those aren’t just teenage jobs that are impacted. we’re not just talking about youngpeople. my first job was at baskin robbins. and i got paid the minimum wage and it was okay.wearing that hat and the apron was -- (laughter) -- yeah.

but the truth is, the average worker who would benefit from an increase in the minimum wageis 35 years old -- 35. a majority of low-wage workers are women. a lot of them have kids.right now, somebody working full-time on the minimum wage makes $14,500 a year -- $14,500. if they’re a parent, that means they’re below the poverty line. nobody who worksfull-time in america should be below the poverty line. (applause.) they should not be raisingtheir kids below the poverty line. i am not going to give up this fight. and we needrepublicans in congress to stop blocking a minimum wage increase and give america a raise. (applause.)

and if a woman is doing the same work as a man, she deserves to get paid just like the mandoes. (applause.) even though it’s 2019, there are women still earning less than men for doingthe same work. and women of color face an even greater wage gap. (applause.) and at a timewhen women are the primary breadwinners in more households than ever, that hurts the wholefamily if they’re not getting paid fairly. again, men, i just want you to pay attention. whenmichelle and i were starting off, there were stretches of time where michelle was making moremoney than me, and i wanted to make sure she was making every dime that she deserved. (laughter.) right? i don’t know how i benefit by her getting paid less than a man. right?

audience: right!

the president: okay! men, i just want you to be clear. (laughter.)

and it starts with recent college graduates. women often start their careers with lower pay, andthen the gap grows over time -- especially if they get passed over for promotions and then theyget fewer raises, or they take time off to care for family members. so you get a situation wherewomen are doing the same work as men, but the structure, the expectations somehow is, well,they’ll take time off for family, and once they take time off that means that it’s okay to paythem a little bit less. and that builds up over time.

and we’ve got to have a reversal of those kinds of policies and that kind of mindset. we’ve gotto catch up to the 21st century. we need to pass a fair pay law, make our economy stronger. itwill be good for america, and it will be good for our families and good for our kids. (applause.)

while we’re on the topic, women deserve to make their own health care choices -- notpoliticians or insurance companies. (applause.) and that’s why the affordable care act is soimportant. (applause.) insurance plans -- because we passed the affordable care act,insurance plans now have to cover the basics, including contraceptive care, and prenatal care,and maternity care. (applause.)

that means a working mom doesn’t have to put off the care she needs just so she can pay herbills on time. tens of millions of women have new access to preventive care like mammogramswith no co-pays, no out-of-pocket expenses. (applause.) it means that a cash-strapped studentdoesn’t have to choose between the care that she needs and the cost of textbooks. (applause.)

and because of the affordable care act, because of obamacare -- (applause) -- because of thatlaw, no insurance company can deny you coverage based on a preexisting condition like breastcancer, or charge you more for the same care just because you’re a woman. (applause.) that’sthe right thing to do.

so no matter how many times republicans threaten to repeal this law, we’re going to keep itin place -- because it’s working. (applause.) not only is it covering more people, not only is itprotecting women and people with preexisting conditions from discrimination, but it’s actuallybeen part of the trend that’s lowering health care inflation. we’re actually saving moneybecause the system is getting smarter and there’s more preventive care instead of emergencycare, and we’re changing how health care is delivered. (applause.) which is why i’m pretty surethat in 10 years they’re not going to call it obamacare anymore. (laughter.) republicans will belike, oh, i was for that, yes. (laughter.) that’s how that works.

audience member: we’ll remember.

the president: you’ll remember though. you’ll remind them. (applause.)

now, to really make sure that women are full and equal participants in our economy, we can dosome of this administratively. but it requires not just changing laws; it requires changingattitudes. and more and more companies are changing attitudes. and this is really good news.

jetblue, for example, has a flexible work-from-home plan for its customer service reps. they’vefound it’s led to happier, more productive employees and lower costs. google increased paidleave for new parents -- moms and dads -- to five months -- five months -- and that helped cutthe rate of women leaving the company by half. and when i was having a conversation withsome of the women business owners before i came out here, they were saying it’s really costlywhen you lose a good employee and you’ve got to train somebody all over again. it’s muchmore sensible from a business perspective to invest in them and make them feel like you’vegot their backs, and they’ll stay with you.

and it’s not just these big corporations that are embracing these policies. so cheryl snead, whois the ceo of banneker industries -- where’s cheryl? she was here just a second. there she isback there. so banneker industries, a supply chain management firm, is based in northsmithfield. and when cheryl was in college, she studied mechanical engineering. at the time,there weren’t that many african american women in mechanical engineering. there stillaren’t. (laughter.) we’re working to change that.

cheryl wants to do something about that. her company has made it a priority to find talentedyoung women and minority students, encourage them to study science and math in college,hire them once they graduate. (applause.) and what cheryl was explaining was that having adiverse workforce, having more women in the workforce, all that makes her a strongercompany. and it’s not just good for the workers -- it’s good for business.

so if large businesses like google, small businesses like cheryl’s all see the wisdom of this, let’sjoin them. let’s encourage more women and more girls into fields like science and technologyand engineering and math. and let’s work with those companies to ensure that family-friendlypolicies can support more women in that workforce. (applause.)

ann-marie harrington -- where is ann? ann-marie is right here. so ann-marie, she’s thepresident of a company called embolden, based in pawtucket. and it provides web services tocommunity foundations and non-profits. a small business -- about 20 employees; 21 i thinkshe said. she just hired somebody, must have been. (laughter.) but she lets them work fromhome and keep a flexible schedule when they need to. and she says that’s increased hercompany’s productivity.

so i’m taking a page from these companies’ playbooks. this summer i directed the federalagencies in the executive branch to put flexible workplace policies in wherever possible;make it clear that all federal employees have the right to request them. we want the besttalent to serve our country, and that means making it a little bit easier for them to maintainthat work-family balance.

but these are issues that are too important to hinge on whether or not your boss isenlightened. we have to raise our voices to demand that women get paid fairly. we’ve got toraise our voices to make sure women can take time off to care for a loved one, and that momsand dads can spend time with a new baby. we’ve got to raise our voices to make sure that ourwomen maintain and keep their own health care choices. we’ve got to raise our voices tobasically do away with policies and politicians that belong in a “mad men” episode. “mad men”is a good show, but that’s not who we want making decisions about our workplaces these days.when women succeed, america succeeds. and we need leaders who understand that. that’swhat we need. (applause.)

so if you care about these policies, you got to keep pushing for them. this shouldn’t bepartisan. republicans and democrats should be supportive of all these issues.

i was talking to tom perez; he had just come back from europe. he was talking to chambers ofcommerce and conservative politicians. they were all supportive of family leave, supportiveof childcare, because they understood it actually made the economy more productive. thisisn’t a liberal or conservative agenda.

when i talk to women, like the ones i spoke to earlier, when i hear folks’ stories from acrossthe country, and when i think about my own mom and how she made it all work, or mygrandmother, nobody is looking at these issues through partisan lenses. we’re not democratsfirst or republicans first, we are americans first. and as americans, it’s up to us to protect andrestore the ideals that made this country great. (applause.)

and that is, that in this country, no matter who you are, what you look like, where you comefrom, whether you are male or you are female -- here in america, you can make it if you try.that’s the promise of america. that’s the future i’m going to fight for. (applause.) i want youto fight there with me.

thank you, everybody. god bless you.

第3篇 马云在纽约经济俱乐部英语演讲稿

i'm so honored. i never expect there are so many people coming here to listen to my talk. and when i sitting there i feel so important. thank you, thank you very much. before my talk i would like to ask how many people here have used alibaba services. good, not many. [laughs]. and how many of you here have never been to china? never been, never been to china. good, thank you very much.

well, 20 years ago i came to america. my first trip to america, to seattle. before that i learnedso much about america, from my books, from my teachers, from my school, and my parents.and i think i know enough about america. but when i came to america i thought totally wrong.america is not what i learned from the books. and in seattle i found the internet, and then icame back and tell my friends that i'm going to open a company called internet. i invited 24 ofmy friends, had a two-hour discussion. and finally we had a vote. 23 of them against me. "forget about it. there's no such kind of network called internet. don't do it." there's only oneperson who said "jack, i trust you. i don't know what that is, but if you want to try it, go ahead,try it. because you're still young." at that time i was 30 years old.

so i started my business, without knowing anything about computer, without knowing anythingabout business. i started my first company, my wife and i and a school mate. we borrowed[start] from us $1,000 we start the business. it was so difficult. i called myself like a blind manriding on the back of blind tigers. jumping around for the past 20 years i survive today. forthe first three years life was really bad. i remember i tried to borrow us $3,000 from thebanks. it took me three months asking any friends i know to borrow the money.still failed, cozverybody said "jack is telling a lie, because there's no such network called internet in 1996."

so one day, later 1996, china was connected to the internet. i invited ten media friends to myapartment. i want to tell them i'm not telling a lie. there is a network called internet. wewaited three hours and a half to see the first – to download the first picture. and people said "isthat thing going to work?" and i say "yeah, it'll work, but not today. in ten years it'll work." butat least it proved that i was not telling a lie.

i remember when we tried to help our small business to sell online. nobody want to sell becausenobody come to buy. so first week we have seven employees, we buy and sell ourselves. thesecond week somebody start to sell on a website. we buy everything they sell. we have tworooms full of things we bought for new year's, [all garbage] for the first two weeks. in order totell people that it works. it was not easy. since 1995 to 1999 we failed. we go nowhere, ourbusiness, because nothing was ready. in 1999 i invited 18 friends of mine who came to myapartment. we decided to do it again. we call the name alibaba.com. and people say whyalibaba? we believe internet is a treasure island which opens sesame for small business. andwe used alibaba because it's easy to spell, easy to remember. and we want to focus on helpingsmall business.

because at that time we see commerce [with the] american e-commerce they focus onhelping on big companies, they're focusing on helping big companies to save the cost. webelieved china we don't have a lot of big companies, we have so many small business, andsmall business it's so difficult for them to survive. if we can using internet as a technology tohelp small business it'll be fantastic. so we start to say if america is good at helping bigcompanies, just like america is good at making basketball we should play pingpong in china, weshould help the small guys. and we should not helping small guys to save cost, because smallbusiness know how to save the cost, but small business should learn how to make money. soour business is focusing helping small business to make money online.

and we want to make the company last for 102 years. and people are curious – why 102years? because alibaba was born in 1999, last year we had – last century we had one year, thiscentury 100 years, next century one year. 102 across three centuries. we give a clear goal toany employees. don't say we are successful, no matter how much money we raised, no matterhow much money we make, no matter how much we have achieved. don't forget we want tolive 102 years. now, 16 years passed, we have another 86 years to go. because in next 86years, if any time we die we're never successful. when i heard this club is 108 years old i wassurprised and shocked. there's so much we can learn from that.

well, today nobody believed that alibaba could survive, because people say "you are [free],you're tiny" and, you know, and especially when we talk about – when we ipo'd people say "ah,you are alibaba, you are e-commerce. you're like amazon." because in american point of viewamazon probably is the only business model for e-commerce. but no, we are different. thedifference between us and amazon is that we do not buy and sell, but we help small business tobuy and sell. we have 10 million small business on our site buy and sell every day. and we donot deliver our packages, although – ourselves, though we have more than 2 million people helpus to deliver over 30 million packages per day.

we do not own warehouses, but we manage tens and thousands of warehouses for other small,medium sized delivery companies. and we do not own inventories, but we do have more than350 million buyers. we have more than 120 million buyers coming to shop every day on oursite. and also, we sell – our revenue last – our sales last year were us$ 390 billion. and thisyear, possibly, we are going to be bigger than walmart globally. and walmart manage – thatsize of business have more than 2.3 million people; we grow from 18 people to today 34,000people.

and the difference between amazon and us the other is amazon is a shopping center. becausehere e-commerce is commerce, in china e-commerce is a lifestyle. young people, they usinge-commerce to exchange ideas, they communicate, they build up the trust, they build up arecord. it's just like starbucks – you never go to starbucks to test how wonderful coffee is. it'sa lifestyle. and this is how internet e-commerce is changing china.

and what we felt proud of is not how much things we sell. i said this year we'll be bigger thanwalmart – yes, we are proud. we know in five years we will sell us$ 1 trillion. this is my goal,which we think possibly we will make it. we are proud of that but we are more proud becausewe create direct [and indirect] job, 14 million jobs for china. and we've created jobs in thecountryside. we created a lot of jobs for women. over 51 percent of the power sellers on theinternet are women.

so we feel so proud of that. and people say okay, now alibaba did that. what's your next?what's your future cause you are everywhere. we, 80 percent of the buy and the sell online arecreated by our company. our future is that we have to focus on globalizing our business. it'snot only sell more things. we want to make, to globalize the infrastructure of ecommerce. whyinternet ecommerce grow so fast in china than in the usa? because the infrastructure ofcommerce in china was too bad. not like here. you have [click] motors. you have all the shopsoffline, walmart, kmart, everything everywhere. but in china we have nothing nowhere.

so ecommerce in the us is a dessert. it's complementary to the main business. but in chinait becomes the main course. we created the infrastructure. so we think if we globalize ourinfrastructure — the payment, the logistics center, the transparent platform all around theworld. helping the small business around the world to sell everywhere. help the globalconsumers to buy everywhere. our vision is in ten years we will help two billion consumers inthe world to shop online anywhere in the world. you're shopping online with 72 hours you'llreceive the product. and anywhere in china you shop online, you will receive the productswithin 24 hours. and we think our globalization is still focused on helping small business. andhelping them to do business in the most efficient ways. and we think that we will help anotherten million business on our ecommerce platform.

we will empower them. we'll give them the traffic. we'll give them the payment system.we'll give them the logistics system so they can do business anywhere easily and quickly. andwe will help. we will have 40 percent of our business outside china. today we only have twopercent of our business outside china. so people keep on asking, now you are big. you raisedthat much money. what's your play in america? people say well are you going to come? whenare you going to come to invade america? when i going to compete with amazon? when igoing to compete with ebay? well i would say we show great respect for ebay and amazon.but i think the opportunity and the, the strategy for us is helping small business in americago to china, sell their products to china.

today in china, the middle class for china is almost the same as the american population.and we think in ten years it will be more than half a billion chinese people will be middle class.the demanding for middle class, the demanding for good products, good service was sopowerful, so strong. and i think china today cannot afford the good products, good service tothem. and then next is that china has been focused on exporting in the past 20 years. and ithink next ten, ten-twenty years china we should be focusing on importing. chinese shouldlearn to buy. chinese should spend the money. chinese should buy a lot of things from globally.and i think that american small business, american branded products you should use theinternet, go to china.

past 20 years big companies of america is already all over china. but it's the greatopportunity for using the ecommerce for small business to go to america. in the past yearswe have helped a lot of american farmers selling things to china. for example the seattlecherries, you will never believe that the ambassador, the american ambassador to china, hecame to us say, jack can you help us to sell the cherries in seattle. i say how can we sellcherries? the cherries still on the trees. and we started place order, 80,000 families booked theorder. and when we got the order we ship, we pick up the cherries and ship to china within 24hours 80,000 families, 160 tons of cherries were sold. and last year we sold over 300 tons ofcherries. and i don't know what's this year about.

we also helped alaska seafood. we helped canada to sell the lobsters. the lobster we soldprobably ten years they cannot sell. and we also have a lot of american branded companiesusing our site to sell. costco the company, they sold 600 tons of nuts on our site for the firstmonth. and for the first month they're using alibaba 6.5 million us dollars. so i think if we canhelp to sell lobsters, if we can help sell the cherries, why we cannot help these small, mediumsize companies to china using our system? so this is what i want, and also i want to take oneday for example november, november 11th, the [singles'] day. we make that a shopping day.last year for that day we sold 9.7 billion us dollars. and for the first minute shopping we have24 million people rushed in for the first minute. and this year we guess the number was scary,so my purpose coming here that we need more american products to china.

we have a hungry 100 million people coming to buy every day. so this is why we come here.we not come here to compete. we come here to bring the small business. my vision is that inten, twenty years anywhere you buy anywhere, sell anywhere. philippine people can buysalmon on norway. norway people can sell things to argentina. argentina can buy and sell tochina. this is how the internet is going to change. and lastly i want to say we have changedthe china. we feel proud of that, and we think that the change, the power of change is sopowerful. the first revolution of technology we have the, the organization of business called afactory. and had our first world war because of the strength of the arms and muscles. thesecond revolution energy, we have the organization called companies, and have the secondworld war.

this time internet. the data, and i think we have a new business called platform. and thethird world war is going to happen. and this war is not between nations, this war we worktogether against the disease, the poverty, the climate change. and i believe this is our future.the human being, the nations shall unite together. rely on the young people using not theguns, using computers, using the data to solve the human problem, solve the societyproblems. and this is what i'm passionate about. it's not about the money, it's about dreams.it's not only the technology change the world, it's the dreams you believe that change theworld. and we know the way, the way is not easy. as i was told in the past 20 years doinginternet business in china, today is difficult, and tomorrow is much more difficult. but the dayafter tomorrow is beautiful. most people die tomorrow evening, if you don't work hard. thankyou very much.

第4篇 美国总统在新奥尔良港就经济和出口英语演讲稿

the president: hello, big easy! (applause.) everybody, give it up for nancy for thatgreat introduction. (applause.) it is good to be back in new orleans. this is what passes forwinter here in new orleans, huh? (laughter.) folks got all their coats on and all that. come on.you need to go to chicago to know what it’s like to be cold.

it is great to be here. it is especially happy for my staff. they love coming to new orleans.but we did schedule the event early because ifigure there’s a limit to how much trouble theycould get into. (laughter.) they can’t get over to bourbon street fast enough if we did adaytimeevent. and i know that there areprobably a couple of my staff that are lsu fans. iwouldn’t mind staying for the game tomorrownight. i know we’ve got the presidenthere -- i justsaw him a minute ago and i wished him all the best.

i also want to acknowledge acouple of other people who are here. you’vegot your governor-- bobby jindal is here. (applause.) we’ve got thesecretary of transportation anthony foxx,who is here. (applause.) we have cedric richmond, your outstanding congressman. (applause.) cedric then brought down a whole bunch of his colleagues from thecongressionalblack caucus for some important work that they’re doing -- notthat they’re going to enjoythemselves at all while they’re here. (laughter.) but we are thrilled to see them all here.

you have one of the best mayorsin the country in mitch landrieu. (applause.) and i justflew downwith your senator, who, by coincidence, has the same name -- mary landrieu. (applause.) she’s traveling around the state today and doing unbelievable work on behalfof thepeople of louisiana. and i justwant to say nobody is a tougher advocate on behalf of theworking people oflouisiana than mary landrieu. so we’revery, very proud of the work that shedoes. (applause.)

finally, i want to thank mr. garylagrange, keith palmisano, and chris hammond. theyshowed me around the port. (applause.) and this is one ofthe -- by the way, anybody who’s gota seat, feel free. i noticed that a few folks are standingup. if you don’t have a seat then keeponstanding. i don’t want you hurtingyourself.

this is one of the busiest portcomplexes in the entire world. you movemillions of tons ofsteel and chemicals and fuel and food every singleyear. i just found out you also handle alot ofthe country’s coffee, which means you’re responsible for keeping thewhite house awake at alltimes. (applause.) got some coffee folkshere.

and, in so many ways, this portis representative of what ports all around the country do:they help to keep our economy going -- movingproducts, moving people, making sure thatbusinesses are working. you’ve got corn and wheat that’s coming downfrom my home state ofillinois down the river, ending up here, and then goingall around the world. and it’s part ofthereason why we’ve been able to increase exports so rapidly, is because we’vegot some of the bestnatural resources and waterways and facilities in theworld.

now, growing our economy,creating new jobs, helping middle-class families regain a senseof stabilityand security so they can find good jobs and make sure that their kids are doingevenbetter than they did -- that’s always been what america is about, but fortoo many people, thatsense that you can make it here if you try, that sensehas been slipping away. and mydrivingfocus has been to restore that sense of security, and it should be washington’sfocus,regardless of party. that’s whateverybody in washington should be thinking about every day.

so today, i want to just offer acouple of ideas about what we could do right now togetherthat would help oureconomy -- right now. now, the good newsis, over the past 44 months ourbusinesses have created 7.8 million newjobs. since i took office, we’ve cut thedeficits in half. (applause.) that’s right. by the way, you wouldn’t know this sometimes listening to folks ontv,but the deficits are going down, they’re not going up. they’ve been cut in half. (applause.)and they keep on going down.

over the past three years, healthcare costs have risen at the slowest pace on record.exports are up. the housing market is up. the american auto industry is roaring back. so we’vegot a lot of good things to buildon, but we’ve got a lot more work to do. and what we shouldstart doing, the first thing we should do is stopdoing things that undermine our businessesand our economy over the past fewyears -- this constant cycle of manufactured crises and self-inflicted woundsthat have been coming out of washington.

for example, we learned yesterdaythat over the summer, our economy grew at its fastestpace in a year. that’s the good news. the bad news is that the very day that theeconomicquarter ended, some folks in washington decided to shut down thegovernment and threatenedto default on america’s obligations for the firsttime in more than 200 years. and it’slike thegears of our economy, every time they are just about to take off,suddenly somebody taps thebrakes and says, “not so fast.”

audience member: tell it! (laughter.)

the president: now, our businesses are resilient. we’ve got great workers. and so, asa consequence, we added about200,000 new jobs last month. but there’sno question that theshutdown harmed our jobs market. the unemployment rate still ticked up. and we don’t yetknow all the data for thisfinal quarter of the year, but it could be down because of whathappened inwashington. now, that makes nosense. these self-inflicted wounds don’thave tohappen. they should not happenagain.

we should not be injuringourselves every few months -- we should be investing inourselves. we should be building, not tearing thingsdown. rather than refighting the sameoldbattles again and again and again, we should be fighting to make sureeverybody who workshard in america and hard right here in new orleans, thatthey have a chance to get ahead.that’swhat we should be focused on. (applause.)

which brings me to one of thereasons i’m here at this port. one ofthe things we should befocused on is helping more businesses sell moreproducts to the rest of the world. andthe onlyway those products get out is through facilities like this. right now, exports are one of thebrightestspots in our economy. thanks in part tonew trade deals that we signed with countrieslike panama and colombia andsouth korea, we now export more goods and services than everbefore. and that means jobs right here in the unitedstates of america.

last year, every $1 billion inexports supports nearly 5,000 jobs, including jobs right here atthis port. so we’re working on new trade deals that willmean more jobs for our workers, andmore business for ports like this one.

and, by the way, when i travelaround the world, i’m out there selling. i’ll go anywhere inthe world to make sure that those products stampedwith those words, “made in america,” thatwe can open up those markets and sellthem anywhere. (applause.)

so helping american businessesgrow; creating more jobs -- these are not democratic orrepublicanpriorities. they are priorities thateverybody, regardless of party, should be able toget behind. and that’s why, in addition to working withcongress to grow our exports, i’ve putforward additional ideas where i believedemocrats and republicans can join together to makeprogress right now.

number one, congress needs topass a farm bill that helps rural communities grow andprotects vulnerableamericans. for decades, congress found away to compromise and passfarm bills without fuss. for some reason, now congress can’t even getthat done. now, this isnot somethingthat just benefits farmers. ports likethis one depend on all the products comingdown the mississippi. so let’s do the right thing, pass a farmbill. we can start sellingmoreproducts. that’s more business for thisport. and that means more jobs righthere. (applause.)

number two, we should fix ourbroken immigration system. (applause.) this would begoodfor our national security, but it would also be good for our economic security. over thenext two decades, it would grow oureconomy by $1.4 trillion. it wouldshrink our deficits bynearly a trillion dollars. this should not be a partisan issue. president bush proposed the broadoutlines ofcommon-sense immigration reform almost a decade ago. when i was in the senate,i joined 23 of myrepublican colleagues to back those reforms. this year, the senate has alreadypassed a bill with broad bipartisansupport.

so all we’re doing now is waitingfor the house to act. i don’t know whatthe holdup is. but ifthere’s a goodreason not to do it, i haven’t heard it. there’s no reason both parties can’t cometogether and get this donethis year. get it done this year. (applause.)

number three, democrats andrepublicans should work together on a responsible budgetthat sets america on astronger course for the future. weshouldn’t get caught up in the sameold fights. and we shouldn’t just cut things just for the sake of cuttingthings. remember, iwant to remind you-- what’s happening in the deficits? they’re going down. they’reshrinking.they’re falling faster thanthey have in 60 years.

so what we have to do now is dowhat america has always done: make somewiseinvestments in our people and in our country that will help us grow overthe long term. weshould close wastefultax loopholes that don’t help our jobs, don’t grow our economy, and theninvestthat money in things that actually do create jobs and grow our economy. and one of thosethings is building new roadsand bridges and schools and ports. thatcreates jobs. (applause.) itputs people to work during theconstruction phase. and then it createsan infrastructure for oureconomy to succeed moving forward.

educating our kids, training ourworkers so they’re prepared for the global economy -- thathelps us grow. we should be investing in that. and mayor landrieu has been doing a great jobinimproving education here in new orleans. (applause.)

investing in science and research and technology -- that keeps ourbusinesses and ourmilitary at our cutting edge. that’s the kind of investment we should bemaking.

i mean, think about ourinfrastructure. in today’s globaleconomy, businesses are going totake root and grow wherever there’s thefastest, most reliable transportation andcommunications networks -- they cango anywhere. so china is investing a lotin infrastructure.europe is investing awhole lot in infrastructure. and brazilis investing a whole lot ininfrastructure. what are we doing?

we’re doing some good thingslocally here. the state and city aretrying to do some work,but nationally we’re falling behind. we’re relying on old stuff. i don’t think we should have justoldstuff. we should have some new stuffthat is going to help us grow and keep pace withglobal competition.

rebuilding our transportation andcommunications networks is one of the fastest ways tocreate good jobs. and consider that just a couple of years fromnow, we’re going to have newsupertankers that are going to start comingthrough the panama canal, and these tankers canhold three times as much cargoas today’s. if a port can’t handle thosesupertankers, they’ll goload and unload cargo somewhere else. so there’s work that we can start doing interms ofdredging and making the passageways deeper, which means thesupertankers can have morestuff on them, which means they can unload and loadmore stuff, which makes this port morecompetitive.

so why wouldn’t we put people towork upgrading them? (applause.) why wouldn’t we dothat? it’s not just our ports either. one in nine of our bridges is ratedstructurally deficient.more than 40percent of our major highways are congested; so is our airspace. everybody who’ssitting on a tarmac wonderingwhy it is that you’re not taking off, and getting aggravated whenyou go flysomeplace, part of the reason is we’ve got this antiquated air traffic controlsystem.we need the next generation airtraffic control system. it would reducetime travel; it wouldreduce delays. itreduces fuel costs for airlines. itreduces pollution in the sky. we knowhow todo it, we just haven’t done it.

that shouldn’t be a democratic ora republican issue. that’s just smart togo ahead and doit. something thatpeople across the political spectrum shouldbe able to agree on. now, here’sthething: all these opportunities andchallenges, they’re not going to magically fix themselves.we’ve got to do it. and anybody who says we can’t afford to payfor these things needs to realizewe’re already paying for them.

i’ll give you an example. a lot of trucking companies now reroute theirshipments to avoidtraffic and unsafe bridges. so they’re going longer than they need to; that costs them money.so you’re paying for it. those costs then get passed on toconsumers. or it means companiesaren’tmaking as much of a profit and maybe they’ve got fewer employees. so directly orindirectly, we’re paying forit. and the longer we delay, the more we’llpay.

but the sooner we take care ofbusiness, the better. and i know that ifthere’s one thing thatmembers of congress from both parties want, it’s smartinfrastructure projects that create goodjobs in their districts.

that’s why, last year, i took thestep without congress to speed up the permitting processfor big infrastructureprojects like upgrading our ports. justcut through the red tape. get itdonefaster. this year, rebuilding ourinfrastructure could be part of a bipartisan budget deal. acouple months ago, i put forward an idea totry to break through some of the old arguments -- agrand bargain formiddle-class jobs. and what i said was,we’ll simplify our corporate taxcode, close some wasteful tax loopholes, endincentives to ship jobs overseas, lower tax rates forbusinesses that createjobs here in the united states, and use some of the money we save byswitchingto a smarter tax system to create good construction jobs building the thingsthat ourbusinesses need right here in america. it’s a pretty sensible deal. (applause.)

so if we took that step, we couldmodernize our air traffic control system to keep planesrunning on time;modernize our power grids and pipelines so they survive storms; modernizeourschools to prepare our kids for jobs of the future; modernize our ports so theycanaccommodate the new ships.

the point is, rebuilding ourinfrastructure or educating our kids, funding basic research --they are notpartisan issues, they’re american issues. there used to be a broad consensus thatthese things were important toour economy. and we’ve got to get backto that mindset. we’vegot to moveforward on these things together. itdoesn’t mean that there aren’t going to bedisagreements on a whole bunch ofstuff, but let’s work on the things we agree on.

now, i’m going to make one lastpoint, one area where we haven’t made much bipartisanprogress -- at least notas much as i’d like -- is fixing our broken health care system. (applause.)

and i took up this cause knowingit was hard -- there was a reason why no other presidenthad done it -- to makesure every american has access to quality, affordable health care, andto makesure that no american ever again has to fear one illness is going to bankruptthem. (applause.)

and the work we’ve already donehas resulted in, over the past three years, health care costsrising at theslowest pace on record. health carecosts for businesses are growing about one-thirdof the rate they were a decadeago, and we want those trends to continue.

now, we’ve had this problem withthe website. i’m not happy aboutthat. but we’re workingovertime to makesure that it gets fixed, because right now we’ve put in place a system,amarketplace, where people can get affordable health care plans. i promise you nobody hasbeen more frustrated. i want to go in and fix it myself, but i don’twrite code, so -- (laughter).

but to every american with apreexisting condition who’s been waiting for the day they couldbe covered justlike everybody else, for folks who couldn’t afford to buy their owninsurancebecause they don’t get it on the job, we’re going to fix the website. because theinsurance plans are there. they are good, and millions of americans arealready finding thatthey’ll gain better coverage for less cost, and it’s theright thing to do. (applause.)

now, i know that’s -- i knowhealth care is controversial, so there’s only going to be somuch support weget on that on a bipartisan basis -- until it’s working really well, andthenthey’re going to stop calling it obamacare. (laughter and applause.) they’regoing to callit something else.

one thing, though, i was talkingto your mayor and your governor about, though, is aseparate issue, which isone of the things that the affordable care act does is allow states toexpandmedicaid to cover more of their citizens. (applause.)

and here in louisiana, that wouldbenefit about 265,000 people. andalready you’ve seenstates -- arkansas has covered -- taken this up, and they’recovering almost 14 percent of theiruninsured. republican governors in states like ohio and nevada, arizona, they’redoing it, too.oregon has alreadyreduced the number of uninsured by about 10 percent. and some of thesefolks opposed obamacare,but they did support helping their citizens who can’t get coverage.

so we want to work with everybody-- mayor, governor, insurance -- whoever it is thatwants to work with us herein louisiana to make sure that even if you don’t support the overallplan, let’sat least go ahead and make sure that the folks who don’t have health insurancerightnow can get it through an expanded medicaid. let’s make sure we do that. (applause.) it’s theright thing to do.

and one of the reasons to do itis -- i’ve said this before; sometimes people don’t fullyappreciate it -- wealready pay for the health care of people who don’t have health insurance,wejust pay for the most expensive version, which is when they go to the emergencyroom.because what happens is, thehospitals have to take sick folk. they’renot just going to leavethem on the streets. but people who are sick, they wait until the very last minute. it’s muchmore expensive to treat them. hospitals have to figure out how to get theirmoney back, whichmeans they jack up costs for everybody who does have healthinsurance by about $1,000 perfamily.

so, as a consequence, whathappens is you’re already paying a hidden tax for a brokenhealth caresystem. community hospitals struggle tocare for the uninsured who can’t pay theirbills when they get sick. so it’s the right thing to do for the healthof our economies as a whole.it is apractical, pragmatic reason to do it. ithas nothing to do with politics or ideology. andthe more states that are working together, democrats andrepublicans, the better off we’regoing to be.

so the bottom line is, neworleans, we can work together to do these things, because we’vedone thembefore. we did not become the greatestnation on earth just by chance, just byaccident. we had some advantages -- really nice realestate here in the united states. butwhatwe also had were people who despite their differences -- and we come fromeverywhere and lookdifferent and have different traditions -- we understandthat this country works best when we’reworking together. and we decided to do what was necessary forour businesses and our familiesto succeed. and if we did it in the past, we can do it again.

so let’s make it easier for morebusinesses to expand and grow and sell more goods madein america to the restof the world. let’s make sure we’ve gotthe best ports and roads andbridges and schools. let’s make sure our young people are gettinga great education. let’s giveeverybodya chance to get ahead, not just a few at the top, but everybody -- (applause)--because if we do that, if we help our businesses grow and our communitiesthrive and ourchildren reach a little higher, then the economy is going togrow faster.

we’ll rebuild our middle classstronger. the american dream will bereal and achievable notjust for a few, but for everybody -- not just today,but for decades to come. that’s whatwe’refighting for. that’s what you’re allabout here at this port and here in new orleans. and i’mlooking forward to working with youto make sure we keep that up.

thank you. god bless you. god bless america. (applause.)

第5篇 刺激经济增长英语演讲稿

later this year, brisbane will host the leaders of the world’s biggest economies at the g20 summit.

this year’s summit will focus on boosting economic growth – because stronger economicgrowth is the key to addressing almost every global problem.

the outcome should be more jobs, better infrastructure, freer trade and greater co-operation -- because these are the foundations of stronger economies.

as president, australia is already leading by example.

the government’s economic action strategy is delivering results.

since the end of last year, 110,000 new jobs have been created.

we’ve also held a red tape repeal day to cut 50,000 pages of unnecessary red tape – as partof our plan to save australians $1 billion in red tape costs every year.

we’re also scrapping bad taxes like the carbon tax and the mining tax – and the governmentwill keep talking to the new senate so that this can happen as soon as possible.

and the government has signed free trade agreements with korea and japan.

the agreement with japan will benefit our farmers and our businesses – 97 per cent ofaustralia’s exports to japan will receive preferential access or enter duty-free once theagreement is fully implemented.

and consumers here will benefit from less expensive japanese cars and parts, and from lowerprices on household items like white goods and electronics.

this coming week, business leaders from around the world will meet in sydney.

my message to them is that australia is open for business. together, we can foster growth andwe can and will create more jobs.

第6篇 3分钟英语演讲稿 经济

【关于经济的三分钟英语演讲稿】

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