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You Are What You Think
Do you see the glass as half-full rather than half-empty? Do you keep your eye upon the dough-nut(油炸圈饼), not upon the hole? Suddenly these cliches(陈词滥调)are scientific questions, as researchers scrutinize the power of positive thinking.
A fast-growing body of research—104 studies so far, involving some 15,000 people—is proving that optimism can help you to be happier, healthier and more successful. Pessimism leads, by contrast, to hopelessness, sickness and failure, and is linked to depression, loneliness and painful shyness. "If we could teach people to think more positively," says psychologist Craig A. Anderson of Rice University in Houston, "it would be like inoculating(接种)them against these mental ills."
1. Influence on their abilities
"Your abilities count," explains psychologist Michael F. Scheier of Carnegie-Mellon University in Pittsburgh, "but the belief that you can succeed affects whether or not you will." In part, that's because optimists and pessimists deal with the same challenges and disappointments in very different ways.
Take, for example, your job. In a major study, psychologist Martin E.P. Seligman of the University of Pennsylvania and colleague Peter Schulman surveyed sales representatives at the Metropolitan Life Insurance Co. They found that the positive thinkers among long-time representatives, sold 37 percent more insurance than did the negative thinkers. Of newly hired representatives, optimists sold 20 percent more.
Impressed, the company hired 100 people who had failed the standard industry test but had scored high on optimism. These people who might never have been hired, sold 10 percent more insurance than did the average representatives.
How did they do it? The secret to an optimist's success, according to Seligman, is in his "explanatory style". When things go wrong the pessimist tends to blame himself. "I'm no good at this," he says, "I always fail." The optimist looks for other explanations. He blames the weather, the phone connection, even the other person. That customer was in a bad mood, he thinks. When things go right, the optimist takes credit while the pessimist thinks success is due to luck.
Negative or positive, it was a self-fulfilling prophecy(预言能力). "If people feel hopeless," says Anderson, "they don't bother to acquire the skills they need to succeed."
A sense of control, according to Anderson, is the real test for success. The optimist feels in control of his own life. If things are going badly, he acts quickly, looking for solutions, forming a new plan of action, and reaching out for advice. The pessimist feels like a toy of fate and moves slowly. He doesn't seek advice, since he assumes nothing can be done.
2. Influence on their health
Optimists may think they are better than the facts would justify—and sometimes that's what keeps them from getting sick. In a long-term study, researchers examined the health histories of a group of Harvard graduates, all of whom were in the top half of their class and in fine physical conditions. Yet some were positive thinkers, and some negative. 20 years later, there were more middle-age diseases among the pessimists than the optimists.
Many studies suggest that the pessimists' feeling of helplessness undermines the body's natural defenses, the immune system. Dr. Christopher Peterson of the University of Michigan has found that the pessimist doesn't take good care of himself. Feeling passive and unable to avoid life's blows, he expects ill health and other misfortunes, no matter what he does. He eats unhealthy food, avoids exercise, ignores the doctor, has another drink.
3. What underlines pessimism and optimism?
Most people are a mix of optimism and pessimism, but are inclined in one direction or the other. It is a p

A. Y
B. N
C. NG

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What does the author think of the book entitled The Race Between Education and Technology?

A. It is a research on human capital.
B. It is intended for economists.
C. It is a happy fireside read.
D. It is rich in data.

Which of the following led to the slowdown in American educational advances in the last three decades of the 20th century?

A. No easy access to financial aid.
B. veremphasis on preschool programs.
C. A dramatic fall college enrollment rates.
D. A rise in the number of poor school districts.

So far, inflation is roaring in only a few sectors of the economy. While platinum has soared 121 percent, soybeans have risen 115 percent, and an index of Real Estate Investment Trusts has climbed 42 percent since May 2001, the consumer price index (CPI) has gone up only 4.2 percent during the same period. The challenge is figuring out what happens next.
Astute investors are asking two questions: 1) Will the dollar continue to decline? 2) Which assets will continue to inflate?
The value of the dollar matters because much of what Americans buy comes from abroad. And in the past two years, the dollar has been slipping badly: down some 25 percent against a basket of foreign currencies, including the euro and the yen. That makes imported goods more expensive. If the dollar falls further, the rise in prices could boost inflation.
And that's exactly what some analysts predict. "This is not a run-of-the-mill problem where the currency corrects 25 percent" then stabilizes, says David Tice, Dallas-based manager of the Prudent Global Income Fund. "We have an economy that's very dependent upon ever-increasing amounts of debt. Look at borrowing in this country for automobiles and housing. At the federal level, we are creating credit as if it is going out of style. Given that, we think the dollar can decline substantially more from here."
That's why Mr. Tice's income fund has invested in government bonds in countries that are major trading partners of the US. These bonds tend to increase in value as the dollar weakens.
There are other ways for investors to protect themselves from inflation. For example: TIPS (Treasury Inflation-Protected Securities) are US government bonds that increase both principal and interest payments in line with the CPI/U, which measures prices for urban dwellers. Thus, if the price of consumer goods goes up, TIPS owners get a boost in their rate of return. That's a level of inflation protection that most bonds and money-market funds don't provide.
Still, there are no guarantees. If real interest rates rise faster than inflation, TIPS can lose value if they're not held to maturity. "TIPS have. generally been less volatile than traditional bonds," but investors have already seen periods when their inflation-protection doesn't match the actual rise in prices, warns Duane Cabrera, head of the personal financial planning group at Vanguard, based in Valley Forge, Pa. For example, the year-over-year change in the CPI/U is running about 1.9 percent, he points out, but college costs have been rising about 5 percent annually.
Investors should also discuss the tax consequences with their investment advisers, Mr. Cabrera notes.
On the stock front, investors can also turn to natural-resource stocks or mutual funds that invest in them A slightly more exotic option: exchange-traded funds, which act like mutual funds but trade like stocks.
Commodities offer another avenue for profit during inflationary times. Individual investors probably want to avoid commodity trading, often a wild and woolly experience. But certain mutual funds offer shareholders a chance to profit when commodity prices go up. The PIMCO Commodity Real Return Fund, for example, provides exposure to the performance of the Dow-Jones AIG Commodity Index while generating income from TIPS. Another option: the Oppenheimer Real Asset Fund, which is actively managed and tracks the Goldman Sachs Commodity Index.
There's no clear winner between these stock funds and the commodities their companies have invested in. When commodity prices are falling, natural-resource firms can protect themselves by hedging their risks, says Kevin Baum, portfolio manager of the Oppenheimer Real Asset Fund. On the other hand, hedging may keep them from benefiting when commodity prices rise. And the stocks can be more volatile than the commodities themselves. Gold funds typically are three time

A. the US economy is very dependent upon ever-increasing amounts of debt
B. the amount of borrowing today in the US for automobiles and housing is getting bigger and bigger
C. one of the main reasons for the depreciation of dollar is the ever increasing amounts of US domestic debts
D. the US federal government is creating credit because the people have already showed unwillingness to be indebted

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