Text 1
The California Public Employees’ Retirement System (CaIPERS) has positioned itself as the premier champion of investor rights, regularly singling out bad managers at some of the nation’s largest companies in its annual corporate-governance focus lists. And with $153 billion under management, Wall Street tends to listen when CalPERS speaks out. But the country’s largest pension fund has never taken on as big a fish as it did Dec. 16, when it filed a class action against the New York Stock Exchange and seven of its member firms. CalPERS’ suit charges the NYSE and specialist firms with fraud, alleging that the exchange skirted its regulatory duties and allowed its members to trade stocks at the expense of investors.
The move is a major slap in the face for the NYSE’s recently appointed interim Chairman John Reed. The former Citibank chairman and CEO came on board in September after the exchange’s longtime head, Richar
A. the NYSE did ignore its regulatory duties
B. John Reed should resign like his predecessor
C. the investors were dissatisfied with the NYSE
D. the exchange should have its board reelected
Text 1
The California Public Employees’ Retirement System (CaIPERS) has positioned itself as the premier champion of investor rights, regularly singling out bad managers at some of the nation’s largest companies in its annual corporate-governance focus lists. And with $153 billion under management, Wall Street tends to listen when CalPERS speaks out. But the country’s largest pension fund has never taken on as big a fish as it did Dec. 16, when it filed a class action against the New York Stock Exchange and seven of its member firms. CalPERS’ suit charges the NYSE and specialist firms with fraud, alleging that the exchange skirted its regulatory duties and allowed its members to trade stocks at the expense of investors.
The move is a major slap in the face for the NYSE’s recently appointed interim Chairman John Reed. The former Citibank chairman and CEO came on board in September after the exchange’s longtime head, Richar
A. its reliance on specialist firms
B. its system of matching traders
C. its automated exchange
D. its violation of investors' interests
Text 2
There was great public interest when a big hole mysteriously appeared in the middle of a field. Army mechanics and engineers were called in to explain how it had got there. They orrered various explanations but were not at all sure how the hole had’been caused. It was thought that a large shell which must have lain buried under the ground for many years had suddenly exploded, but it was not possible to prove this.
A “simple", but highly improbable, explanation was offered by a man who claims to be especially well-informed about "flying saucers —the strange objects which are round in shape and are said to visit the earth occasionally from outer space. The man’s explanation may have been nonsense, but at least it was imaginative. At any rate, it was far more interesting than the one given by the army.
After examing the ground carefully, the man claimed to have seen special marks on the soil quite near the hole.
A. the public took a great interest in the big mysterious hole
B. army engineers and mechanics were not in the least certain how the hole had appeared
C. objects from outer space hold a special attraction, for many people
D. the man who claimed to be well-informed about flying saucers turned out to be a cheat
Text 3
Investment in the public sector, such as electricity, irrigation, public services and transport (excluding vehicles, ships and planes) increased by about 10%, although the emphasis moved to the transport and away from the other sectors mentioned. Trade and services recorded a 16%～17% investment growth, including a 30% increase in investment in business premises. Industrial investment is estimated to have risen by 8%. Although the share of agriculture in total gross in vestment in the economy continued to decline, investment grew 9% in absolute terms, largely spurred on by a 23% expansion of investment in agricultural equipment. Housing construction had 12% more invested in it in 1964, not so much owing to increased demand, as to fears of new taxes and limitation of building.
Total consumption in real terms rose by close on 11% during 1964, and per capital personal consumption by under 7% ,as in 1963. The undesirable trend towards a rapid rise in cons
A. people had to spend more on transportation and furniture
B. people were more health conscious
C. people were more money conscious
D. the price of fruit dropped dramatically
我来回答:
