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[CNN] 【整理】CNN 2008-01-29

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Tonight, President Bush will give his last State of the Union Address. The president started 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 stimulus plan as well as some unfinished business that he wants to accomplish before he leaves office.

And all signs are pointing to another interest cut when the Federal Reserve meets this week. Today’s Wall Street Journal is reporting that some investors are concerned the market, just didn’t have a bigger rebound after last week’s rate cut. The Fed slashed the key interest rate 3 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. The government report blamed the poor showing on some continuing problems in the mortgage market.

Phone giant AT&T and Verizon raising prices on some of their most popular calling features. The companies argued that price flexibility 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 7 billion dollars in bank fraud. French police said, today, they have charged Jerome Kerviel with attempted fraud. He is accused of costing about 7 billion dollars in bad trades. Can you believe it, 7 billion? He allegedly hacked into companies and faked E-mail and documents in order to hide the trades.
Just 说说而已!
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