NPR 2012-07-14

 The fallout from GP Morgan's failed hedging startegy is nearly three times worth than initially¹ estimated, the bank is now reporting a 5.8 billion dollar trading loss. The conference called investors², CEO James Dimon says the blood cuts deep.

Trading loss is shaking our company to the corner, and we have to heal the most inmaginable team when bank says it needs redouble efforts to make sure that we're a great company. Despite those trading losses, JP Morgan's overall profit was 5 billion  in the second quarter. It's not the only bank with high earning. ..with member station of UFAE in Wells Fargo pull in 4.6 billion. Wells Fargo's net income was up 400 million dollars in the first quarter, even though revenue was down 300 million, from $216 billion to $213 billion. So how does that occur, lay-off helped. Wells Fargo reports that the employee benefits expenses were down nearly $600 million from the previous quarter. Chairman CEO John Stumpt says the company is benefiting from the diversified³ business model and signs that the housing maket is stablized.

And the US market is reacting with the DOW was up 200 points at 12,777 before the close. 

In the on-going problem to big banks manipulation of a key interest rate years ago, bank of England officials confirmed, Treasury⁴ Secretary Timothy Geithner contacted to the banks in 2008 with concerns over how the rate was set... Geithner then president of the New York Feds apparently⁵ suggested changes in rate setting process. 

..to a number of press out that shows Geithner urging British bank regulators in 2008, to eliminate incentives⁶ for banks to misreport the rates they were paying for short term loan from other banks. A number of banks including three big US firms reports those numbers daily, providing the basis for the LIBOR rate, that rate in turn is used as the benchmark for every thing from derivatives⁷ contracts to credit cards and morgage rate, so it's widely influential⁸. But the scandle has wrapped up around its accuracy, Barclays, a big British bank has admitted falsely report its rate to enhance its profits, and it has paid fine totalling $453 million in a settlement with US and British regulators.     

 

There're now conflicting a counsel what is unfolding in Syria village of Tremseh. Residents say troops killed more than 200 people there yesterday, but activists⁹ have since scaled back that number. Still villager.. said to an interpreter there was a massacre¹⁰.

&*%$#^% we couldn't do anything about it, old people,or babies or children orwomen. 

Syrian government blames the violence on armed terrorists.

This is NPR.

President Obama is taking the final over Texas to the battleground state of Virginia where his victory four years ago, end of GOP's long right dominance in that state. In .. but a short time, go the incumbent¹¹ aim of the republicans party' push for the wealthiest Americans to be included in a one year extention of Bush-era tax cuts, the president maintains the cut should only be extended for low and middle income earners.   

I don't think top-down economic works, I believe that we grow this economy from the middle-out, from the bottom up.

President Obama actually speaking a few hours ago in Virginia which is a pivotal state. Since President wanted it four years ago while republicans have done well in state offices and majority of the state's congressional seats were held by republicans.

A regulor monthly arts event turned violent last night in downtown Los Angeles, .. of member stantion KPCC says hundreds of ocupye LA protestors clash with police.

Art walk is popular, takes place on the second Thursday of each month with people browsing¹² art gallaries, and meet in bars and restraunts. Last night occupy protestor is called on others on facebook and twitter to bring chalk and .. to sidewalks. It was meant to protest to recent arrests of .. There's disagreement over who started the violence, police or protesters. But four police were hurt, including a female officer who receiverd a concussion¹³. Officers arrested 20 protesters on various charges, mostly vandalism but also for assault with a deadly weapon. Protesters say if they were allowed to use chalk on sidewalks, none of these would have happened.

For NPR News.   

     

1 initially   

adv.最初，开始

参考例句：

• The ban was initially opposed by the US.这一禁令首先遭到美国的反对。
• Feathers initially developed from insect scales.羽毛最初由昆虫的翅瓣演化而来。

2 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

3 diversified   

adj.多样化的，多种经营的v.使多样化，多样化( diversify的过去式和过去分词 )；进入新的商业领域

参考例句：

• The college biology department has diversified by adding new courses in biotechnology. 该学院生物系通过增加生物技术方面的新课程而变得多样化。 来自《简明英汉词典》
• Take grain as the key link, develop a diversified economy and ensure an all-round development. 以粮为纲，多种经营，全面发展。 来自《现代汉英综合大词典》

4 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

5 apparently   

adv.显然地；表面上，似乎

参考例句：

• An apparently blind alley leads suddenly into an open space.山穷水尽，豁然开朗。
• He was apparently much surprised at the news.他对那个消息显然感到十分惊异。

6 incentives   

激励某人做某事的事物( incentive的名词复数 )； 刺激； 诱因； 动机

参考例句：

• tax incentives to encourage savings 鼓励储蓄的税收措施
• Furthermore, subsidies provide incentives only for investments in equipment. 更有甚者，提供津贴仅是为鼓励增添设备的投资。 来自英汉非文学 - 环境法 - 环境法

7 derivatives   

n.衍生性金融商品；派生物，引出物( derivative的名词复数 )；导数

参考例句：

• Many English words are derivatives of Latin words. 许多英语词来自拉丁语。 来自《简明英汉词典》
• These compounds are nitrosohydroxylamine derivatives. 这类合成物是亚硝基羟胺衍生物。 来自辞典例句

8 influential   

adj.有影响的，有权势的

参考例句：

• He always tries to get in with the most influential people.他总是试图巴结最有影响的人物。
• He is a very influential man in the government.他在政府中是个很有影响的人物。

9 activists   

n.（政治活动的）积极分子，活动家( activist的名词复数 )

参考例句：

• His research work was attacked by animal rights activists . 他的研究受到了动物权益维护者的抨击。
• Party activists with lower middle class pedigrees are numerous. 党的激进分子中有很多出身于中产阶级下层。 来自《简明英汉词典》

10 massacre   

n.残杀，大屠杀；v.残杀，集体屠杀

参考例句：

• There was a terrible massacre of villagers here during the war.在战争中，这里的村民惨遭屠杀。
• If we forget the massacre,the massacre will happen again!忘记了大屠杀，大屠杀就有可能再次发生！

11 incumbent   

adj.成为责任的，有义务的；现任的，在职的

参考例句：

• He defeated the incumbent governor by a large plurality.他以压倒多数票击败了现任州长。
• It is incumbent upon you to warn them.你有责任警告他们。

12 browsing   

v.吃草( browse的现在分词 )；随意翻阅；（在商店里）随便看看；（在计算机上）浏览信息

参考例句：

• He sits browsing over[through] a book. 他坐着翻阅书籍。 来自《简明英汉词典》
• Cattle is browsing in the field. 牛正在田里吃草。 来自《简明英汉词典》

13 concussion   

n.脑震荡；震动

参考例句：

• He was carried off the field with slight concussion.他因轻微脑震荡给抬离了现场。
• She suffers from brain concussion.她得了脑震荡。