Read the following text carefully and then translate the underlined segments into Chinese. Your translation should be written neatly on the ANSWER SHEET. (10 points)
As I have suggested, the new breed of investors had been playing with information and turning it into money, another kind of information. However, the Federal Reserve Bank knew that once the gap between investment and production became too large, the situation would result in crisis. Now that it had happened, on Black Monday, what was to be done? (46) The answer, paradoxically, was to invest more money—that is, more information—in the system. Even at the risk of losing the money immediately. This would shore up the value made from information with more information. And in this way, the market would quickly regain its composure. There was, of course, no cause for alarm once investors’ risks were covered by the government’s risk, that is, by the whole economy putting itself on the line. (47) That attitude, however, is bound to generate a series of other fruitful crises, which may eventually teach us a thing or two about the shortcomings of representational money as a medium for social development.
Crisis is the moment of change, of metamorphosis: we can imagine that a caterpillar is in deep crisis at the moment it turns into a butterfly. We all think that the word crisis means something terrible, but it doesn’t. It means something clever, peaceful and good. Crisis comes from the ancient Greek word krino, which means “to evaluate, judge or decide.” A crisis is a time for judgment and an object of judgment. (48) Though many crises are occasioned by truly unpredictable occurrences, many more arise from the breakdown of old systems as they are overtaken by the new. The Bhopal disaster in India, which claimed over 4,000 lives and injured more than 400,000 in an eruption of its dangerous chemical Methyl Isocyanate (MIC), might have been predicted—if not averted—by tracking the safety records of the local management which actually proved to be appallingly negligent and irresponsible. (49) But a real breakthrough was the sudden discovery of the new context of public accountability provided by electronic communications. We have all become our brother’s keepers in the world of instant communications. Facing a crisis, many people waste their time watching the old order go down, deploring their fate and regretting the world that has gone by. (50) But it takes critical judgment in critical times to understand that the real story is what’s coming. Then the task of deciding is easy and fascinating.
