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米ファニーメイとフレディマックへの公的資金注入、可能性は59％ WSJ予測調査
Odds of Fannie and Freddie Bailout Better-Than-Even, Economists Say (WSJ.com)
Chances are better than even that government money will be used to prop up Fannie Mae and Freddie Mac, according to economists in the latest Wall Street Journal forecasting survey, and a sizeable minority said the institutions should be nationalized.
When Treasury Secretary Henry Paulson went to Congress last month to defend his plan to extend credit to Fannie and Freddie or purchase equity in the government-sponsored enterprises, if necessary, he made it clear that the proposal is a "backup facility, [that] hopefully would never be used." However, sharp losses at the two companies last week and continued concerns about the U.S. credit market have increased the chance that government funds would be needed. On average, the 53 economists polled in the survey put the probability at 59% that the Treasury Department will have to step in to bail out Fannie or Freddie.
The majority of respondents hope that it doesn't come to that. When asked how the government should handle the situation with Fannie Mae and Freddie Mac, 68% said the lenders should be pushed to raise capital privately and hope a recovering housing market will keep them from needing government money. However, nearly one in three said the companies should be nationalized now, and then split into smaller companies when the housing market recovers. Just one economist -- Lou Crandall at Wrightson ICAP -- said the Treasury Department should invest equity in them now, without nationalizing them.
Wall Street Journal forecasting survey: WSJ予測調査
to put the probability at 59%: （that以下）の確率を59％とする
７月米消費者物価指数、前月比0.8％上昇 17年間で最高水準に
U.S. Inflation Hits 17-Year High As Increases Move Beyond Food, Oil (WSJ.com)
WASHINGTON -- U.S. inflation soared to a 17-year-high annual rate in July, a government report showed, led by gains in food, energy, airline fares and apparel.
Separately, the number of U.S. workers filing new claims for unemployment benefits fell slightly as expected last week but remained at high levels consistent with a rapid erosion in labor markets.
With energy and commodity prices on the retreat this month and the U.S. dollar strengthening, the inflation report is unlikely to spook Federal Reserve policymakers into raising rates anytime soon as the economy struggles with rising unemployment and soft consumer spending.
to spook: ～を動揺させる
米モルガン・スタンレーとJPモルガン、ARS70億ドル買い戻しに合意
Morgan Stanley, J.P. Morgan Plan $7 Billion Buyback Of Auction-Rate Securities (WSJ.com)
J.P. Morgan Chase & Co. and Morgan Stanley agreed to buy back more than $7 billion in auction-rate securities as part of an agreement to end probes by regulators into how they marketed the complex securities.
At a press conference Thursday, New York Attorney General Andrew Cuomo said J.P. Morgan would pay $25 million in civil penalties, while $35 million in penalties will be paid by Morgan Stanley.
The penalties will be divided between New York and members of the North American Securities Administrators Association, with New York getting about $25 million.
to end a probe by a regulator into: 規制当局による～に関する捜査を終わらせる
North American Securities Administrators Association: NASAA、北米証券管理者協会、アメリカ・カナダ各州の証券規制当局の連絡体
米欧航空大手BA・アメリカン・イベリア、大西洋路線で業務提携
British Airways, American, Iberia Sign Joint Flight Agreement (WSJ.com)
LONDON -- British Airways PLC, American Airlines and Spain's Iberia SA said Thursday they have signed a joint business agreement on flights between North America and Europe.
The three airlines said that they planned to file for world-wide antitrust immunity from U.S. authorities for the deal later Thursday. They will also notify European regulatory authorities.
A deal between the trio has long been anticipated -- rival carrier Virgin Atlantic earlier this week sent a pre-emptive letter to both U.S. presidential candidates warning that a deal would be anticompetitive on the lucrative trans-Atlantic route.
to sign a joint business agreement on: ～の業務提携契約に署名する
antitrust immunity: 独禁法適用除外
米ウォルマートの５－７月期、純利益17％増 節約志向の消費者ニーズに合致
Wal-Mart's Net Rises 17% As Shoppers Seek Deals (WSJ.com)
Wal-Mart Stores Inc. posted a 17% rise in fiscal second-quarter net income, topping raised expectations and prompting the company to boost its fiscal-year target.
But the company gave cautious initial guidance for the current quarter, largely falling below analysts' estimates, as the world's largest retailer expresses some concern about how U.S. shoppers will fare in coming months now that a boost from federal stimulus checks is running its course.
Nonetheless, Chief Executive Lee Scott said: "While inflation and higher fuel costs are pressuring suppliers, retailers and customers worldwide, we're confident that Wal-Mart is well positioned for this economy."
to fare: やっていく
now that: （that以下）現状で
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