【Native Speaker每日训练计划—83系列】【83-02】经管

zhangruining

Time 2 1:49
Trump is thinking about make a Foreclosure machine — Muchins to the US Treasury secretary

Time 3 1:56
Many people suffer from the One West company under Muchins Charge.

Time4 1:29
Many people doe for DT but they don’t want M to be the US finance Secretary for his fail to run his own bank.

Time 5 2:05
DT will oaths to be the 45 president, many country have oaths.

Time 6 1:55
DT seems not match other predecessors in White House and did not match the America’s founding document.

Paragrap 7 4:36

M will change the tax system by cutting the corporate tax rate and defend his experience in one west company.

AudreyGMAT

T2 1:45/231
T3 1:16/229
T4 0:45/158 foreclose取消抵押品的赎回权
T5 1:33/308
T6 1:46/319

whynothyl

Obstacle 83-02:

Mnuchin(M) is a nomiee of the TreasureSecretary by Trump and the main architect of incoming Trump's currency policy.He defended his own record as a founder of Onewest amid the housing crash, andpushed the tax reform as the key way to lift economy if he wasconfirmed.  He pointed out what matters is to keep the US dollar astrong currency in the long term. After Trump proclaimed thatUS dollar is 'too strong' during an interview. M said the short-termsituation caused by the president-elect that free market wanting to invest inUS may have negative effect on Americans' abilities in trade. Though arguingthat US need to cut down tax fraud and evasion, he asserted his use ofoffshore accounts was to assist non-profits but not to evade tax.

The incoming administrations’ plan to boosteconomy is to pass the tax reform, reducing the corporate tax rate and reducingthe tax brackets. M also talked about rasing debt ceiling and how the administrationwould work with the Congress. With economic growth and chances to pay debt, theUS could decrease their high debt. About International field, M said they will stick on the current sanctions and additionalpolicies will be applied if necessary. Since the opposite party, Democraticslacked votes to block M's appointment, they underscored M's past in thehearing, including allegations of unfair lending and foreclosure practices when M was at OneWest.
In the hearing M clarified his record, saying that he and other investors saved thefailing institution and salvaged jobs. Facing the Democrats' censure that hedidn't expose certain details of his asstes in the initial questionnaire to theSenate, M replied he did so on guidance of lawyers and did report after realizingit.  Independent assessments spoke highly of the OneWest dealings,and no signs manifested M involved in the housing crisis, let alone aggravatedit. Currently a memeber of Democrat delivered remarks alleging M evaded UStaxes via offshore hedge funds, an accusation denied by M.

SJ110

Mnuchin, the Treasury nominee of D Tramp’s government ，was requested to made some comments on the important  Treasury policy of USA in , such as currency issue, debt ceiling, taxes, sanctions and so on.

He said “ strong Dollar” is the most import for long-term benefit of US. Although Donald Tramp said “ it is too strong now”, it wasn’t mean to be a long period, instead, it was meant to be that the strength of the currency would lead to a bad result on US trade, if too much money and inverters come to US due to “ strong currency”.
He also pointed out that it is very important for US to reform taxes. As Donald Tramp said he would consider reduce the corporate tax rate and the bracket of taxes respectably from 35% to 15% and 7 to 3, Mnuchin said tax reform would be a “ major component “to the growth-boosting US economy. And for debt ceiling, he said he would raise and the US governing has an obligation to honor the debts. Meanwhile, he also expressed since the debt level is too high , it is very import to improve economic, thus can US has the ability to pay down debt. When he was questioned on the international sanction, he said he would persuade Donald Trump to continue enforce the sanction to Russia and Iran. And additional penalties and other terms could be imposed if there comes any other serious issue.

More over,Mnchin also defended some challenges on his tax record and pas carrier experiments. When talking about tax reform, the said several times that all of his offshore account is for the use of non-profit project, not for evading taxes. And for the question why he failed to report some assets abroad, he said he just followed his lawyer’s instruct, and quickly re-submitted the information needed.
Furthermore, He pushed back the challenge from Democrats who said he made money during housing crash in 2009. Saying that indeed he is a job saver. When other investors “run away“ from financial crash, he, with other investors saved a falling financial institution to save thousands of jobs at that time.
One independent inspector said that Munchin did not involve housing crisis issue.

PhenoKing

【83-02 Obstacle】
Title:
Mnuchin Defends Banking Past, Advocates Strong U.S. Dollar
Recall:
Treasury Secretary nominee Steven Mnuchin (SM), announced the importance of strong dollars in the long term and noted what would be the priority if he’s confirmed. Besides, he acknowledged his status as the founder of OneWest bank to defend his financial record and advocated growing economy by tax reform. He did not consider president-elect’s comment on the U.S. currency to be a long-term comment, instead, it might bring about negative impact on trade. A man with several titles, including former executive of a group Inc., a movie financer and head of a hedge fund, argued that the U.S. needed to cut down on tax fraud and evasion and that he used his offshore accounts to assist the non-profits and pensions, not to avoid U.S. taxes.
SM, advocating tax reform, considered himself as one of the economic chief of economic plans asserted by Trump, who expected to cut corporate tax from 35% to 15% and reduce the number of tax brackets from 7 to 3. While defending his tax record, SM raised concerns about the efficiency of the Internal Revenue Service because of some technical drawbacks. In addition, SM questioned the US debt ceiling and how negotiation on this issue between congress and income administration would go; he expected to raise the debt ceiling sooner and regard economic growth as the approach to reduce the considerably high debt level at 20 trillion.
In terms of sanction, SM would continue enforcing international sanctions as before and encourage president-elect to use penalties if necessary. Besides, SM supported Volcker Rules and would work to reduce overlapping bank regulation. SM also had to encounter challenges, such as commenting the policy and confirmation hearing, from his counterparts. While Democrats alone fail to block his appointment, they thus offend SM’s financial career.
As co-founder of OneWest, SM fought against arguments from Democrats and described his story to illustrate his contribution to the increase of jobs and maintenance of homes. When Democrats pointed out the lack of information and materials of his hearing, he explained and submitted them later. While Orrin Hatch, a Republican from Utah gave OneWest “high marks” and express his support for SM, Ron Wyden, a Democrat from Oregon, said Democrats were not obstructing SM’s nomination, but were alleging an accusation he denied.        

patriciarong

83-02 经管
Obstacle：12m

The Treasury Secretary nominee of the new Trump administration government, Mnuchin claimed several political views.
Firstly, Mnuchin have proposed to enhance the strong currency policy in a long term although trump said the current currency is too strong to negative impact of the trade in the short term.
Secondly, he said Tax reformation is the most important thing for the new government to boost the economy growth-rate. Trump agreed with him and said to cut the corporate tax rate to 15% from now 35% and to cut another tax to 4% from 7%
Mnuchin had several offshore accounts to avoid the tax and he defended his tax record by saying the accounts related to non-profit issue and pensions.
Thirdly, He will the raise the debt ceiling and avoid the debt default.
Fourthly, He will continue to enforce International sanctions ,including towards Iran and Russia.
Above are some policy comments, and in a hearing convention M have to say lots of experiences and successes. He succeed to run the California lending company. He save the financial institute ,named mac ,avoided lots of unemployment, and forced the government to modified the load policy, and so on.
But at the same time in the hearing Mnuchin suffered some opponent to block the appointment such as Democrats who proposed some flaws about M. But H rebutted the accuse from Democrats. And Democrats cannot obstruct the appointment of nomination.

方山

02-13
01-02
01-06
02-33
02-44
04-33

胖哒鱼

09:23
M has nominated as economic chief of Trump's team.The hearing consists of several ideas.First idea is dollar is now very strong.Second idea is that reducing debt of US will be a priority.Thirdly,tax reform will be the main way to develop economy.Another idea is that M defend his record as a founder of constitution that cause housing crisis.
1.tax reform is a main part of economic boosting policy.Tax reform includes two part:first part is cutting the corporate tax and second part is reducing the number of tax brackets.
2.M plans to continue to set international sanctions,including on Iran and Russia,and encourage president to add penalties.Besides,M will decrease overlapping bank regulation.During hearing,Democrats also question about unlawful practices during his time at O.
3.M defended his career during hearing,saying that he made effort to save financial institutions and created many jobs during the crisis.Democrats also questioned about his failure to report 100m property.M responded that he would submit the left information.
Some republicans defended M's performance during hearing later.

胖哒鱼

09:23
M has nominated as economic chief of Trump's team.The hearing consists of several ideas.First idea is dollar is now very strong.Second idea is that reducing debt of US will be a priority.Thirdly,tax reform will be the main way to develop economy.Another idea is that M defend his record as a founder of constitution that cause housing crisis.
1.tax reform is a main part of economic boosting policy.Tax reform includes two part:first part is cutting the corporate tax and second part is reducing the number of tax brackets.
2.M plans to continue to set international sanctions,including on Iran and Russia,and encourage president to add penalties.Besides,M will decrease overlapping bank regulation.During hearing,Democrats also question about unlawful practices during his time at O.
3.M defended his career during hearing,saying that he made effort to save financial institutions and created many jobs during the crisis.Democrats also questioned about his failure to report 100m property.M responded that he would submit the left information.
Some republicans defended M's performance during hearing later.

dyes2005

T2 1:50
T3 1:59
T4 2:02
T5 2:18
T6 2:40