1、高考资源网（） 您身边的高考专家From NPR News in Washington, Im Lakshmi Singh.The fallout from JP Morgans failed hedging strategy is nearly three times worse than initially estimated. The bank is now reporting a 5.8 billion dollar trading loss. In a conference call to investors, CEO Jamie Dimon says the blunder cut
2、s deep.I can tell you this has shaken our company to the core and what happened here is that, most of the management team went back and said weve doubled efforts to make sure we are running a great company.Despite those trading losses, JP Morgans overall profit was five billion in the second quarter
3、. Its not the only bank with a high earning. Greg Collard of member station WFAE in Charlotte says Wells Fargo pulled in 4.6 billion.Wells Fargos net income was up 400 million dollars from the first quarter, even though revenue was down 300 million from 21.6 billion to 21.3 billion dollars. So how d
4、id that occur? Layoffs helped. Wells Fargo reports that employee benefit expenses were down nearly 600 million dollars from the previous quarter. Chairman and CEO John Stumpf says the companys benefiting from a diversified business model and signs that the housing market is stabilizing. For NPR News
5、, Im Greg Collard, in Charlotte.And the US markets reacting with the Dow up more than 200 points at 12,777 before the close.In the ongoing probe into big banks manipulation of a key interest rate years ago, Bank of Englands officials confirmed Treasury Secretary Tim Geithner contacted the bank in 20
6、08 with concerns over how the rate was set. NPRs John Ydstie reports Geithner, then President of the New York Fed, apparently suggested changes in the rate setting process.A memo * to a number of press out shows Geithner urging British Bank regulators in 2008 to eliminate incentives for banks to mis
7、report the rates they were paying for short-term loans from other banks. A number of banks, including three big US firms report those numbers daily providing the basis for the LIBOR rate, that rate, in turn, is used as a benchmark for everything from derivatives contracts to credit card and mortgage
8、 rate. So its widely influential. But a scandal has erupted around its accuracy. Barclays, the big British bank has admitted that it falsely reported interest rates to enhance its profits and it has paid fines totaling 453 million dollars in a settlement with US and British regulators. John Ydstie,
9、NPR News, Washington.There are now conflicting accounts of what unfold in the Syrian village of Taramseh. Residents had said troops killed more than 200 there yesterday but activists have since scaled back that number. Still a villager * says through an interpreter there was a massacre.At 4 oclock w
10、hen it erupted We were sleep We didnt really think about it. At five oclock there should be hanged then, the army then went inside and they killed everyone. They didnt distinguish between old people or babies or children and women.Syrian government blames the violence on armed terrorists.This is NPR
11、.President Obama is taking the fight over taxes to the battleground state of Virginia, where his victory four years ago, ended the GOPs long running dominates in that state. In Norfolk, a short time ago, the incumbent took aim at the Republican partys push for the wealthiest Americans to be included
12、 in a one-year extension of Bush-era tax cuts. The president maintains the cut should only be extended for low and middle income earners.I dont think top-down economics works, I believe that we grow this economy from the middle out, from the bottom up.President Obama actually speaking a few hours ag
13、o in Virginia which is a pivotal state since the president won there four years ago. Republicans have down well in state offices and a majority of the states congressional seats are held by Republicans.A regular monthly art event turned violent last night in downtown, Los Angeles. Steve Julian of me
14、mber station KPCC says hundreds of occupied LA protesters clashed with police.Art Walk is popular, takes place on the second Thursday of each month with people browsing art galleries and mingling in bars and restaurants. Last night, occupied protesters called on others via Facebook and Twitter to br
15、ing chalk and add their graffiti to sidewalks. It was meant to protest three center arrests of chalk-wielding graffiti artists. There is disagreement over who started the violence, police or protestors. But four officers were hurt including a female officer who received a concussion. Officers arrested 20 people on various charges, mostly vandalism but also for assault with the deadly weapon. Protesters say if they were allowed to use chalk on sidewalks, none of these would have happened. For NPR News, Im Steve Julian, in Los Angeles.This is NPR. 版权所有高考资源网
