【每日阅读训练第四期——速度越障15系列】【15-14】经管

cheungby

15-14
Time1——1'52''——The shortcomings of the payday loans。
Time2——1'22''
剩余——2'00''
Time3——1'15''
Time4——1'06''
剩余——2'02''
Time5——1'21''
剩余——3'11''
Obstacle:4'13''——main idea: The article discusses which one will motivate people to work more efficiently, cash or gifts.

hxfnp92

【每日阅读训练第四期——速度越障15系列】【15-14】经管

2'40  Online payday lenders have two advantages, but with bank's regulation, customer are their losers.
2'50  Legislation to stop abusive lending is passed over the states, but the number of payday lenders is increasing rapidly.
2'20 243
2'53
2'35 304 The house giant F&F may change the mortgages.
6'21 812 Set forth the question: why aren't the manager just pay workers a cash bonus rather than offering presents?
The first research shows a bottle as a presents make employees most productive.
The second research shows the origimal t-shirt makes employees more productive than two Europe coins.
A present can really show the kindness and care to employees and shows employees are part of an organization.


今天怎么速度都看不懂

杀G给猴看

1 - 02:10

Customers who use online payday lenders are taken advantage of. They intended to avoid paying fee A by paying fee B instead. But in fact, they usually pay both. JPM has already been punished for charging more fees on customers.

2 - 01:57

Bankers say that they are innocent of overcharging the customers. Regulations have been promoted to regulate the banks. But high interest rate is only part of the problem that customers face. Some people cannot pay their debt on time, so they borrow new loans to pay the old ones. This circle leads to serious problems.

3 - 01:47

The stock market dropped sharply after the government released a new round of easy-money policy. People are concerned because policies of this kind are of high risk and not sustainable in the long term. But Fed chairman Bernanke defended this policy, saying that what he did was the best.

4 - 02:06

Bernanke said that people did not need to worry about bubbles. But the public still questions about the effectiveness of the easy-money policy.

5 - 01:50

This passage is about the housing policy in the US, mainly about the problems of Fannie Mae and Freddie Mac. A think tank has proposed some ways to reform the two institute to solve their problems.

6 - 05:25

In the writer's yard, there are some gifts that no one has cared for for a long time. Those things are given by his boss (also his wife's boss) as awards for working hard. Why do bosses use gifts, instead of money, as awards? The passage goes on to explain the reason. Researches have found that, gifts are more effective at motivating employees. The passage then introduces 2 experiments to elaborate the theory. At the end of the passage, the writer points out some limitations.

今天好慢TT

SusanFei2012

2'23''
online payday lenders take advantage of borrowers twice.
Laws should be passed to ban online lenders to take money out of  borrower's account.
2'16"
27% of the borrowers can't afford the high loan payments from lenders
half of them say they have incurred overdraft fee by an automatic withdrawl from lenders.
Economists said that if borrowers revoke lender's ability into their account 3 days bf deadline，the bank must block all the payment to lenders.
2'16"
stocks dropped sharply,great risks,dangers of big losses in bank and inflation
all of the above situation is a sign recession
2'42“
during the period of recession
state the severity of recession：one 、two
Fed take some actions to save the economy in the USA after the recession
1’54”
没看懂
7‘07“
when employer gives gift as payment to their employee,it works better than cash.
conduct an experiment in library,the result is that Ss who get gifts have higher productivity.
since gift can deliver the care and kindness of employers, which can lead to motivation.

千本血樱

1'30
It is not good to provide online payers the money in acccount in bank.
2'43
Many people cannot return the money in due. Expert think pay for future should be forbidden.
4'32
5'31
Price of stock declines and interest rate increases, a phenominon that is attributed to some factors.
6'33
QE plan seemingly can improve economy for now, but may bring side-effect in the future.
9'20
11'27
something about government inteferes with housing

the gifts from school
why this kind of gift
...
experiments and result
limitations
final result: a gift to motivate employers is better than money rewarding
15'32

ps
不回视的扫读，理解能力好差。。明天尝试先读懂再尽量不回视

露比Alice

1.2.07
the method for payday lenders online to avoid loss。
2.2.02
bank lender borrower‘
3.1.48
stock drop，leading to the members of committee to tapped or stop purchase。But a person hold the opposite opinion。
4.1.52
the person believe that the loss is overstated and through probably policy，the loss can be absorb in the revenue。then he take some measures to deal with the situation but the result is not desirable。
5.1.52
how A method  deal with s。
6. 4.23
a gift raise a economic question:a gift or cash。-->then a hypothesis is introduced to answer the question and reseachers use a experiment to prove this hypothesis.-->two flaw of the experiment

shangyin13

1. 1'51''
2. 1'34''
3. 1'50''
4. 2'09''
5. 1'48''

6. 6'43''
a  gift of mine and knife of my wife
b  boss give employee gift or cash?   gift, cause gift improve the relationship emotionally?( not sure)
c. theory: gift ---> productivity
d. theory: gift---->productivity (more effective to short term employ)
e. experiment1:  3 samples:  original vs  water bottle vs   ???(cash)      result: water bottle--> highest productivity
                         ???(cash?) ---> not high improvement
  experiment2:   5euro  vs 2euro?
              result: 5 euro works harder
f. the result is still not reliable, maybe also depends on type of sample( short term student or wall street trader)  . But people will feel their job more meaningful if they are encouraged by kindness.(not sure)

viphuangshu

passage 1.
2


The consumers want to use online payday lender for two reasons. First, lenders' triple-digit interest rates. Second, fees tacked on by the borrowers' own banks. However, the payday lenders always charge extra fees for consumers. some people suit the banks for the illegal loans.


passage 2.
2'
Online payday lenders are increasingly popular, but many borrower cannot make payments when the pay is due, sometimes they borrow new money for the lenders.


passage 3.
2'
a lot of borrower cannot pay the money because that banks facilitate the payments rather than to stop it. For the big bank, the overdraft fee is a big business. So for the watchdog, they want to collect the information of borrower and avoid the risk of no payment back.


Passage 4.


2


The Dow index dropped more than 200 points after the junuarry open market commitee meeting. The market worried about the end of the easy money. but the inflation is still as low as 1.6%, so the federal reserve chair person still want to keep easy money policy to stimulate the economy.


passage 4.


2


The recession of economy make the people feel poor; they cannot spending money as before, so the economy suffers. But nobody knows how long the Fed's easy money should continue. Fed buy not only cut off the short term interest, but only buy bonds to low the long term interests. All the methods are used to increase the money in the US economy.


Passage 5.
2
The low interests and additional money is stimulated, this depends on whether the individuals are willing to spend their money. But the low increase of GDP indicated that the effect is neglected. But the stimulus also causes some risks. For instance, if the economy becomes good and the interest need to increase, many people of company who borrow a lot of money will suffer great pressure.


Passage 6.


3


The mortgage market for housing is high risk, because the interest is fixed and the economy is recessive, and the government take over the big two companies when they suffer risk.For instance, the Canada adjusts the five-year interests, but US will fix the interest the future 30 years. That is the reason the government should intervene with this market.


obstacle.
6'
This article talks about the impact of gift on the workers' motivation. Gift can motivate workers to work harder or more efficiently in the short term. But long term bonus does not have this effect. Some experiments were designed to demonstrate the impact of gift on the work productivity. if compared with product gift, the cash gift can generate higher productivities.

zxppx

1.1-52
The payday service actually make customers worse, because those customers have to pay lenders and banks. A lawsuit has been referred to show that the payday has made great lose for two plantiff. A lawyer stated that the action of banks is unreasonable.
2.2-31
Some people urge to critize the payday loan, while others, especially big banks, think the payday is very important for their revenues. What' more, the case is noticied by officials. A person tells that the priority is to make customers know clearly abou the risk of the payday. At last, Shin says that the law is not very inclined to prevent the payday.
3.1-35
After the Fedral Reserve meeting, the stock market quickly becomes worse. Even with the quantitative easing and other policies, the economy of United States is still in trouble. The chairman of Fedral Reserve, B defended his policy and said the situation is best compared to other chairmen.
4.1-53
5.2-34
6.5-40
身体不舒服，今天就不写了

ssk3666

1 01:58 [286]
The lenders of online payday can get double benefits. Athough payday is convenient, customers have to pay fees that rise quickly. Some people in New York suit banks for over charging such fees.

2 01:49 [284]
The lenders tend to loan lots of money from borrowers by payday. The interest rates are high, and many lenders cannot pay back the loan when due. Some legislators try to propose act for set loan according to borrowers' location. And banks have the duty to check lenders status.

Rest of passage one [415] 02:08

3 01:33 [243]
The Dow stock index dropped after the Federal Reserve's meeting. Although the meeting inssit that they will continue the cure easy-money policy, some people have concerns that this policy might end before employment rate rise and CPI rise to target value. The chairman, Bernank, still firmly keep his current policy unchanged.

4 01:42 [264]
Some worried why the easy-money policy does not show effective influence on economy and what will happen when such policy ends. Bernanke believes that recent recession lead to homeowners more cautious to buy and banks more reluctant to lend. So the Fed set interests low and provide more money in the market to stimulate consume.

Rest of passage two 02:40 [409]
The quantitive easing policy has pontential risks: 1. cause inflation in the future; 2. lead Fed to loss lots of money when interest rates rise. So the policy should not continue forever. If stop the policy now, it might cause double-recession, but stopping in the future will also increase the risk.

5 02:01 [304]
The Fennie Mac and FF have cost the government and taxpayers huge amounts of money. An insitution releases a report for the house market. To solve house market problems, the government should gradually sell assets of FM and FF to private sectors, and let some companies to guarantee for default.

Rest of passage three 02:17
Government should not control the house market. The current fixed rate mortage is strange outside U.S. It is better for banks if the interest rates can ajust after periods of time.

Obstacle
6 05:10 [812]
Main Point: Introduce a study about gift hypothesis in business world and analyze the reason for the results.

Structure: Phenomenon: many employers give gifts rather than cash bonus to employees, but cash is more useful -- Study: an experiment put students in different groups, give cash and gifts respectively, and found that the productivity of the ones who got gifts increase 25%, and the cash bonus does not help -- Analysis: a gift from employers shows that they care about employee and this is much useful than cash, but the effect changes for different situations -- whenever employees feel they are part of the orgnization, they will work much harder