From wine country to London, bank’s failure shakes worldwide

It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world. From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after their bank suddenly shut down Friday. The meltdown means distress not only for businesses but also for all their workers whose paychecks may get tied up in the chaos. California Gov. Gavin Newsom said Saturday that he’s talking with the White House to help “stabilize the situation as quickly as possible, to protect jobs, people’s livelihoods, and the entire innovation ecosystem that has served as a tent pole for our economy.”

tips

Silicon Valley Bank：硅谷银行

Atlantic Ocean：大西洋

collapse：崩溃，倒塌，虚脱

startup：新创办的小公司

from wine country to London：从产酒的乡下到伦敦

scramble：抢夺，紧急起飞（scrabble 忙乱地找，翻找）

figure out：弄明白（figure 轮廓，形状）

paychecks may get tied up in the chaos：工资被这场混乱套牢

meltdown：（公司或者机构）崩溃（melt 溶化，溶解）

distress：苦恼（dis stress）

livelihood：生计

entire：整个全部（entry 登入，入口）

innovation：改革（involution：内卷，回旋；evolution：进化）

tent pole：帐篷的支架（支柱）