1 . History has not yet _______ what we will definitively call the postmillennial cohort (2000年后出生的人) that now _______ more than 60 million people in the U.S. These kids and _______ with no concept of life _______ the Internet have so far been called the App Generation and Generation Z. They’ve been referred to as Homelanders, having grown up under the ghost of terorism. They’ve also been _______ the Plurals, for their historic diversity, as well as the Founders, at least by MTV.

Whatever we _______ naming them, marketers and academies are turning their attention to this group, which has billions in _______ and is already shaping the culture. This generation is growing up “totally and utterly connected,” says California State University psychologist Larry Rosen. Experts like Rosen have concerns about these kids’ Google-inspired expectations that everything be _______. They worry about their inability to _______ even five seconds of boredom. And they worry about the demands that come with ________ several identities online, from Facebook to Twitter to Snapchat. “There’s so much pressure on young people, who are still ________ their identities, to present this crystallized, idealized identity online,” says the University of Washington’s Katie Davis.

Historian Neil Howe sees ________ with the Silent Generation, the spoilt, risk-avoiding, “nice” generation of kids who grew up during the Great Depression and World War II, although some marked differences are found. Today’s youths are also coming of age among geopolitical trouble and fears about the economy, he says, ________ schools emphasize an intense far-reaching sensitivity to other kids. He suspects this ________ will be known for being well behaved and perhaps boring the culture by playing it safe. “There are typical examples that occur repeatedly,” Howe says, “even if they go by different ________.”

4 . Preamble of《China: Democracy that works》

Published by the State Council on December 4, 2021

Democracy is a common value of humanity and an ideal that has always been cherished by the Communist Party of China and the Chinese people.

This year marks the centenary of the CPC. Since its founding in 1921, the Party has taken wellbeing for the Chinese people and the rejuvenation of the Chinese nation as its abiding goals, and has made continuous efforts to ensure the people’s status as masters of the country. China is a country with a feudal (封建的) history dating back several thousand years that descended into a semi-feudal and semi-colonial society after the Opium War of 1840. Over the past hundred years, the Party has led the people in realizing people’s democracy in China. The Chinese people now truly hold in their hands their own future and that of society and the country.

The people’s status as masters of the country is the essence of people’s democracy. Since the 18th CPC National Congress in 2012, with a deeper understanding of China’s path to democracy and the political system, the Party has developed whole-process people’s democracy as a key concept and striven to translate it and relevant democratic values into effective institutions and concrete actions.

Whole-process people’s democracy integrates process-oriented democracy with results-oriented democracy, procedural democracy with substantive (本质上的) democracy, direct democracy with indirect democracy, and people’s democracy with the will of the state. It is a model of socialist democracy that covers all aspects of the democratic process and all sectors of society. It is a true democracy that works.

Democracy is a concrete phenomenon that is constantly evolving. Rooted in history, culture and tradition, it takes diverse forms and develops along the paths chosen by different peoples based on their exploration and innovation.

The best way to evaluate whether a country’s political system is democratic and efficient is to observe whether the succession of its leaders is orderly and in line with the law, whether all the people can manage state and social affairs and economic and cultural undertakings in conformity with legal provisions, whether the public can express their requirements without hindrance, whether all sectors can efficiently participate in the country’s political affairs, whether national decision-making can be conducted in a rational and democratic way, whether people of high caliber in all fields can be part of the national leadership and administrative systems through fair competition, whether the governing party is in charge of state affairs in accordance with the Constitution and the law, and whether the exercise of power can be kept under effective restraint and supervision.

Democracy is not a decorative ornament, but an instrument for addressing the issues that concern the people. Whether a country is democratic depends on whether its people are truly the masters of the country; whether the people have the right to vote, and more importantly, the right to participate extensively; whether they have been given verbal promises in elections, and more importantly, how many of these promises are fulfilled after elections; whether there are set political procedures and rules in state systems and laws, and more importantly, whether these systems and laws are truly enforced; whether the rules and procedures for the exercise of power are democratic, and more importantly, whether the exercise of power is genuinely subject to public scrutiny and checks.

Democracy is the right of the people in every country, rather than the prerogative of a few nations. Whether a country is democratic should be judged by its people, not dictated by a handful of outsiders. Whether a country is democratic should be acknowledged by the international community, not arbitrarily decided by a few self-appointed judges. There is no fixed model of democracy; it manifests itself in many forms. Assessing the myriad political systems in the world against a single yardstick and examining diverse political structures in monochrome are in themselves undemocratic.

In the richly diverse world, democracy comes in many forms. China’s democracy is thriving alongside those of other countries in the garden of civilizations. China stands ready to contribute its experience and strength to global political progress through cooperation and mutual learning.

5 . Eventually, the changes that will strengthen stepfamilies will likely come from shifts in cultural prejudices. Such change is slow, but there are signs that some movement along this line is beginning to take place. For instance, Roger Coleman, a clergyman in Kansas City, Mo., performs marriage ceremonies specifically designed to include children when a parent remarries. In years of officiating second marriages, he says, he became keenly aware of the confusion and insecurities of the children, and the ceremony — which includes a special medal worn by the child — aims to celebrate the “new family” and move the church beyond mere criticism of divorce. This year, Coleman says, over 10,000 families across the country will use the medal in their remarriage ceremony.

Similar changes are occurring in public schools around the country. One of the difficulties for stepfamilies is that schools and other public institutions have typically not recognized the stepparent as a valid parent; school registration forms, field trip permission slips, health emergency information — none of these required or acknowledged the stepparent. The message, whether intended or not, has been that only biological parents count. It’s a message that the stepparent and stepchild internalize, worsening what’s often an already difficult relationship, and one which the larger community takes as another sign that stepfamilies are not legally recognized in American society. Through the efforts of the Step-family Association of America and other advocates, schools around the country have begun changing their policies to acknowledge the increasingly important role of stepparents.

Change is also evident in a marketplace eager to exploit this wide social trend. In a particularly American sign of the times, the Hallmark greeting card company, is about to launch a line of cards devoted entirely to non- traditional families. The cards never use the word “step”, but most of the “Ties That Bind” line is clearly aimed at people who have come together by remarriage rather than biology — or, as one card puts it, “Thrown together without being asked, no chance of escape.” Some are straightforward (“There are so many different types and ways to be a family today”), while others are more indirect (“It’s like at a puzzle where the pieces aren’t where they used to be”). But all are aimed at the vast and growing market of people who don’t identify with the old definitions of family, and who are finding ways to make their new families work. Who knows — soon there may even be a card Tori La Londe can send to her former husband’s former mother-in-law.

6 . Some documents have been making the rounds lately — where people who work various positions in different industries share how much they’re paid.

Bravo! It’s about time we blew up that old belief that salaries have to stay secret. This is not just a matter of curiosity. Having information about salaries can help narrow the gender wage gap, which has barely changed for more than a decade. Recently released date from the US Census Bureau shows that, on average, women working full time still are paid only 82 cents for every dollar paid to a man. And the gap is even wider for many women of color: Black women make 62 cents, and Latinas just 54 cents. What’s more, the pay gap even extends into her retirement. Because she earned less and therefore paid less to the social security system, she receives less in social security benefits.

Having greater access to salary information is helping to speed things up. A new research report by the American Association of University Women shows that the wage gap tends to be smaller in job sectors where pay transparency (透明) is a must. For example, among federal government workers, there’s just a 13 percent pay difference between men and women, and in state government, the gap is about 17 percent. But in private, for-profit companies, where salaries are generally kept under wraps, the gender wage gap jumps to 29 percent.

Fortunately, salary information is increasingly available on some websites. Certain companies and many human resources departments are pushing ahead with this practice. Of course, it’s going to take more than salary transparency to equalize earnings between women and men. But sharing salaries can and must be part of the solution. The more information women have about how jobs are valued — and what different people earn — the better they will understand their value in the labor market and be able to push for the pay they deserve.

7 . Wholesale prices for gas and electricity are increasing suddenly across Europe,raising the possibility of increases in already-high utility (公共事业）bills and further pain for people who have taken a financial hit fromCOVID-19.

Governments are struggling to find ways to limit costs to consumers as scant natural gas reserves present yet another potential problem, exposing the continent to even more price increases and possible shortages if it’s a cold winter.

In the U.K., many people will see their gas and electricity bills rise next month after the nation’s energy regulator approved a 12% price increase for those without contracts that lock in rates. Officials in Italy have warned that prices will increase by 40% for the quarter that will be billed in October.

There are multiple causes for the price increases, energy analysts say, including tight supplies of natural gas used to generate electricity, higher costs for permits to release carbon dioxide as part of Europe’s fight against climate change, and less supply from wind in some cases.

Analysts at S&P Global Platts say electricity prices have risen due to strong demand from places like data centers and electric cars, but above all because of the rise in the price of natural gas used in generating plants. Utility companies’ exposure to natural gas prices has increased as high-emission coal plants have been retired, while utilities face higher costs for carbon allowances required by the European Union’s emissions trading system, which is aimed at reducing emissions of greenhouse gases.

The tight gas market could bite even more sharply if there’s an unusually cold winter. That’s because European distributors did not refill reserves reduced during last winter as they typically had done in summer months. In March 2008, when the freeze named “the beast from the east” hit Europe, industrial users in the U.K got a notice that there was a risk of interruption, although it didn’t come to that.

Could Europe run out of gas? “The short answer is Yes, this is a real risk,” said James Huckstepp, an analyst at S&P Global Platts. “Storage stocks are at record lows and there isn’t currently any spare supply capacity that is exportable anywhere in the world.The longer answer is that it’s hard to predict how it will play out given that Europe has never run out of gas in two decades under the current distribution system.”

The pressure for change is building: reactions to the Glasgow climate pact

The Glasgow climate package, aimed at ensuring the world limits global heating to 1.5C above pre-industrial levels, was     1     even by the UK hosts as“imperfect", and leaves much of the hard work on cutting greenhouse gas emissions for next year. Boris Johnson,the UK prime minister, said:“We asked nations to come together for our planet at Cop 26, and they have answered that     2     . I want to thank the leaders, negotiators and campaigners who made this pact (协议、契约）happen and the people of Glasgow who welcomed them with open arms."

"There is still a huge amount more to do in the coming years. But today's agreement is a big step forward and, critically, we have the first ever international agreement to phase down (逐步减少)coal and a     3     to limit global warming to 1.5C. I hope that we will look back on Cop 26 in Glasgow as the beginning of the end of climate change, and I will continue to work     4     towards that goal."

Al Gore,the former US vice-president,also praised the public pressure put on world leaders at the conference: “The Glasgow Climate Pact and the pledges made at Cop26 move the global community forward in our urgent work to address the climate crisis and limit global temperature rise to 1.5C, but we know this progress, while meaningful,is not enough. “We must move faster to deliver a     5     transition away from fossil fuels and toward a cleaner and more equitable future for our planet.The progress achieved in the lead-up and at Cop26 was only possible because of the power of people young and old using their voices to demand action."

Many developed and developing countries nailed the progress it represented on the world's goals .But green campaigners warned that the     6     of the climate crisis meant the world was running out of time. Frans Timmermans, executive vice-president of the European Commission,     7     up many countries' reactions, saying:“'It doesn't stop here,it only starts."

On the last-minute weakening of language about phasing out coal, Timmermans said: "Let's be clear, I'd rather not have the change. I was very happy with the language we had." But he added it was “like going from 24 carat gold to 18 carat, it's still gold...we are now making     8     steps to eliminate coal ...and that countries that are so dependent on coal are willing to be part of that agreement is astonishing".

Countries will have to return next year and the year after to     9     their targets on cutting greenhouse gas emissions. Laurence Tubiana, one of the architects of the 2015 Paris deal and now CEO of the European Climate Foundation, said the outcome showed that the 2015 Paris climate agreement was working as     10    .

9 . A Mountain But not a Volcano

On September 20th the Bank of International Settlements (BIS), the central banks' central bank, released data showing that corporate borrowing around the world remains at an all time high. A notable ______ is in China, where there is even more business borrowing as a share of GDP than in Japan at the peak of its bubble-related borrowing fever in the 1990s. But it is high everywhere. Corporate ______ in the rich world stood at 102% of GDP at the end of March, compared with 92% before the outbreak of the covid-19 pandemic. Could high levels of debt ______ the recovery in advanced economies?

Many regulators were sounding the ______ about elevated company debt even before the covid19 pandemic. Since then, the hit to firm's incomes has led to a wave of rating downgrades: between March 2020 and March 2021, Fitch, a ratings agency, ______ 460 firms, or almost 20% of its corporate portfolio. While defanlts (违约) have eased this year as economies have recovered, many firms will be ______ by higher levels of debt for years to come. Even if interest rates remain ______, this "debt overhand" could affect their willingness to invest or to hire new staff.

Intriguingly, however, aftereffects from corporate debt booms rarely cause significant economic damage, even if ______ themselves suffer when firms default. A recent paper by Moritz Schularick, of the University of Bonn, and several co-authors, examines data on business cycles for 17 advanced countries over more than a century, and compares corporate debt bursts with those associated with ______ borrowing (like the 200809 financial crisis).

The authors argue that lenders often have a/an ______ to restructure old corporate loans, reducing the risk of "zombie" companies persisting, and freeing up finance to support the next recovery. For household debt, however, restructuring thousands of ______ loans is often impossible, and lenders may be more inclined to keep the loans on their books in the hope that house prices eventually ______. The risks to the economy are higher after commercial property bursts than for corporate debt where lenders mainly have their eyes on firm's cash flows. This is one reason why the property-related debt depression in China are potentially disturbing.

In much of the rich world, there are reasons to be ______ optimistic. The largest lenders are in much better health than in 2008. All of the major ______ authorities, carried out stress tests during 2020, using macroeconomic scenarios much more severe than have actually came out, but their banking systems were able to absorb large corporate losses and carry on lending. And the parts of the economy that have had the toughest time during the pandemic only account for a relatively small share of corporate debt. For example, the BIS projects that ______ will increase in the hospitality industry (酒店餐饮业) over the coming years, but they note that the sector only accounts for between 1.5% and 8% of corporate credit in the nine major economies they model.

There will be a mountain of corporate debt in many countries for some time. But that dos not mean the recovery will necessarily falter (衰退).

By some measures, South Korea is the most educated country in the world.Observers，however，have described Korean society as having an“almost cult（邪教）-like devotion to learning". Studying long hours at hagwons（辅导机构）has become so ubiquitous（普遍存在的）and excessive that Korean authorities in the 2000's deemed（认为）it necessary to impose curfews（宵禁令），usually at10 p.m.，and patrol prep schools in areas like Seoul's Gangnam district，where many of these schools are     1     .However，that only drives nighttime cram classes underground behind closed doors.

This extreme competitiveness has created a number of social problems：Suicide，for instance，is the leading cause of death among teens in Korea，which has the highest suicide rate     2     in the Organization for Economic Cooperation and Development（OECD）.Student surveys has shown that poor grades and fears of defeat are major reasons for suicidal thoughts，while Korea simultaneously has a growing teenage drinking problem.

Social pressures to succeed in the labor market，meanwhile，have given rise to a phenomenon called “employment cosmetics'"--one of the driving factors behind Korea's boom in cosmetic surgery，since job applicants are commonly required to submit an ID photo，and many employers     3     physical attractiveness into their hiring decisions. In another sign of competition at any cost,private household debt in Korea is soaring，driven in part by surging expenditures on education and private tutoring.

Social pressures are further amplified by Korea's relatively high youth unemployment rate，which     4    at 11.2 percent in 2016--a record number not seen since the Asian financial crisis of the late 1990s. Despite all the time，finances，and emotional resources     5     in their education，Korean youth find it increasingly difficult to     6     desired quality，socially prestigious jobs.The country's obsession with higher education continues to sustain a “college education inflation（贬值），"     7     the Korean labor market with a supply of university graduates that hold degrees of deflated value whose earnings     8     are decreasing.

While a university degree used to be a solid foundation for social success in Korea，observers have noted that many current graduates lack the skills needed for employability in a modern information society，and that the education system is too     9     focused on university education，while under-emphasizing vocational training. Korea's Confucian-influenced system has also been criticized for relying too much on rote memorization and university entrance prep at the       10     of creativity and independent thought.