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CNN 2008-01-29

时间：2008-08-18 01:41:42

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Glad you're with us everyone. I'm Catherine Callaway at the CNN Center. Here's a look at what's happening NOW IN THE NEWS.

Tonight President Bush will give his last State of the Union Address. The President stated to focus more on the economy this time than in any of his previous addresses. He's expected to talk about the 150 billion dollars stimulus1 plan as well as some unfinished business that he wants to accomplish before he leaves office.

And all signs are pointing to another interest rate cut, when the Federal Reserve meets this week. Today's Wall Street Journal is reporting that some investors2 are concerned the market, just didn't have a bigger rebound3 after last week's rate cut. The Fed slashed4 the key interest rate three quarters of a percentage point. That's the largest since 1982.

Sales of new homes at an all-time low, a new report showing that home sales were down more than 26% last year. It also was the second straight year of large declines from the record paste of 2005 which marked the end of the building boom. A government report blamed the poor showing on some continuing problems in the mortgage market.

Phong giant AT&T and Verizon raising prices on some of their most popular calling features. The companies argue that price flexibility5 is essential to remain competitive with Internet-based phone services, many of which are operated by cable television providers.

Charges have been filed against a trader accused of committing seven billion dollars in bank fraud. French police said today they have charged Jerome Kerviel with attempted fraud. He is accused of costing about seven billion dollars in bad trades. Can you believe it? Seven billion. He allegedly hacked6 into companies and faked email and documents in order to hide the trades.

That's a quick look at what's making news for you this hour. Stay with CNN for more on these stories and other news of the day.


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1 stimulus 3huyO     
n.刺激，刺激物，促进因素，引起兴奋的事物
参考例句：
  • Regard each failure as a stimulus to further efforts.把每次失利看成对进一步努力的激励。
  • Light is a stimulus to growth in plants.光是促进植物生长的一个因素。
2 investors dffc64354445b947454450e472276b99     
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 rebound YAtz1     
v.弹回；n.弹回，跳回
参考例句：
  • The vibrations accompanying the rebound are the earth quake.伴随这种回弹的振动就是地震。
  • Our evil example will rebound upon ourselves.我们的坏榜样会回到我们自己头上的。
4 slashed 8ff3ba5a4258d9c9f9590cbbb804f2db     
v.挥砍( slash的过去式和过去分词 )；鞭打；割破；削减
参考例句：
  • Someone had slashed the tyres on my car. 有人把我的汽车轮胎割破了。
  • He slashed the bark off the tree with his knife. 他用刀把树皮从树上砍下。 来自《简明英汉词典》
5 flexibility vjPxb     
n.柔韧性，弹性，（光的）折射性，灵活性
参考例句：
  • Her great strength lies in her flexibility.她的优势在于她灵活变通。
  • The flexibility of a man's muscles will lessen as he becomes old.人老了肌肉的柔韧性将降低。
6 hacked FrgzgZ     
生气
参考例句：
  • I hacked the dead branches off. 我把枯树枝砍掉了。
  • I'm really hacked off. 我真是很恼火。

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