Finance and economics
Five years after Lehman
The world of banking has changed dramatically, if not radically, in the five years since September 15th 2008, the day Lehman Brothers went bust.
American and European banks used to dominate the list of the world's biggest banks; the Chinese have since scaled the charts.
The balance-sheets of Europe's behemoths have got quite a bit smaller;
consolidation has made America's giants bigger than ever.
Western banks are generating much lower returns on equity than they did in the years before the crisis, in part because the industry is being forced to fund itself with higher levels of equity than in the past.
So cost-cutting is much more important than it was: compensation ratios at investment banks have fallen.
But those who want a complete reshaping of finance can still argue that change has not gone far enough:
more people work in finance in London in 2013 than did in December 2007.
1.go bust 失败，破产，完蛋
Third, allow some defaulting banks to go bust.
Italy avoided a housing bubble; its banks did not go bust.
2.used to do 过去常常做某事
We used to do it to avoid the narcs.
A human being with a computer can hold the same amount of information stored in the russian state library, but that technology can also be used to do great harm.
一个拥有电脑的人可以拥有与俄罗斯国立图书馆（russian state library）等量的信息，但这种技术也会被用来制造极大伤害。
3.in part 在某种程度上，部分地；一半
Markets are nervous in part because of national politics.
In part this was the result of happenstance.
4.much more 更加；多
It was much more difficult than on land.
The verdict matters much more than the punishment.