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But for other companies, the pressures are more intense. Particularly vulnerable are those that spent freely when times were fat but are weighed down with stiff interest payments and heavy debt loads now that their growth has slowed. After spending a hefty $1 7 billion to acquire other pulp and paper makers in recent years, Atlanta-based Georgia-Pacific Group (GP) is struggling with $12 billion in debt in the middle of a sharp downturn in many of its core markets. Georgia-Pacific executives insist that the company is not facing a liquidity squeeze. Still, analysts think that Georgia-Pacific will likely have to sell or spin off some assets to remain in compliance with its lending covenants.

The main idea of the paragraph

Those who spent freely when times were fat are now feeling more intense pressures and are weighed down with stiff interest payments and heavy debt loads.

那些在资金充裕时大手大脚花钱的公司现在感受到重重压力，在还本付息的重压下喘不过气来。

句子分析

Particularly vulnerable are those that spent freely when times were fat but are weighed down with stiff interest payments and heavy debt loads now that their growth has slowed.
1）这句的主语比较长，表语比较短，因而采用倒装的语序，表语放在前面，主语放在表语和连系动词之后。
2）those that spent freely when times were fat but are weighed down with stiff interest payments and heavy debt loads now that their growth has slowed 是主语，其中：
①those是代词，作主语
②that spent freely when times were fat but are weighed down with stiff interest payments and heavy debt loads now that their growth has slowed，其中：
i. that spent freely but are weighed down with stiff interest payments and heavy debt loads 是主要部分
ii. when times were fat 是时间状语从句，修饰谓语动词spent
iii. now that their growth has slowed 是原因状语从句，修饰谓语动词are weighed down

词语解释

liquidity

the degree to which an asset can be quickly and cheaply turned into money which, by definition, is completely liquid. A current account bank deposit is a liquid asset because it can be withdrawn immediately at little cost; an office building, by contrast, will take a considerable time to dispose of and estate agent’s fees and other costs will be incurred. A company or individual is said to be liquid if a high proportion of its or his assets are held in the form of cash or readily marketable securities. 偿债能力，流动性

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