Good morning!
米金融安定化法案、今夜にも修正案が上院を通過へ
Rescue Bill Changes Boost Odds of Passage (WSJ.com)
U.S. lawmakers appeared to have revived a financial-market rescue bill by adding an increase to federal deposit insurance limits and several tax breaks, clearing the way for a vote in the Senate and raising the odds of passage in the House of Representatives, where a similar measure was defeated Monday.
The Senate bill would temporarily allow the Federal Deposit Insurance Corp. to borrow unlimited amounts of money from the Treasury Department in connection with the larger government deposit coverage that would extend until the end of next year.
This is important because it would increase the backstop that the FDIC has to make sure that insured depositors can be repaid if their bank fails.
The package is expected to pass the Senate easily, while its prospects in the House, where opponents to Monday's rescue package ran the ideological gamut, are less clear.
increase to federal deposit insurance limits: 連邦預金保険制度で保護する預金の上限引き上げ
tax break: 減税
米GE、120億ドル株式公開を計画 バークシャーが優先株引き受け
GE Plans $12 Billion Stock Offering; Berkshire to Buy Preferred Stock (WSJ.com)
General Electric Co. announced an offering of "at least" $12 billion in common stock as the economic bellwether joined a number of other financial giants that have been forced to raise capital in recent weeks.
In addition, Warren Buffett's Berkshire Hathaway again slid into the role of a rescuer as it agreed to buy $3 billion in perpetual preferred stock from GE in a private offering.
The moves come as the conglomerate, whose finance arm brings in nearly half its revenue, has joined the broad financial sector in recent weeks in seeing its stock get pummeled by investors' worries amid ...
common stock: 普通株
economic bellwether: 経済動向の指標となる企業
perpetual preferred stock: 永久優先株
private offering: PO、私募
９月の米新車販売台数、大幅な落ち込み フォード前年比35％減・トヨタ32％減・ホンダ24％減、GMは16％減 従業員特売制度で大幅減少を回避
U.S. Auto Sales Dive As Consumers Struggle (WSJ.com)
U.S. auto sales slumped again in September despite sales incentives and falling gas prices in what Ford Motor Co. said was the weakest month yet for the industry this year.
General Motors Corp. Chief Operating Officer Fritz Henderson said he expects the U.S. auto market weakness to continue into 2009 as consumers worry about credit and gasoline prices. On the bright side, GM said September marked its best monthly market share in 2008.
Ford, Toyota Motor Corp. and Honda Motor Co. reported declines of 35%, 32% and 24%, respectively, while GM rode its now-expired employee-prices sales promotion to keep its decline to 16%.
respectively: それぞれ（順番に）
employee-prices sales promotion: 社員価格での販促キャンペーン
私が金融支援策を支持するわけ、あなたも支持すべきだ
Why I Support the Bailout – And You Should, Too (WSJ.com)
The rescue package will certainly not be the end of this crisis. But it will might mark the beginning of the end.
Without it, it's anyone's guess. Yes, we could be OK.
Or we might not.
Do you feel lucky?
to mark: ～の印となる
欧州、共通ファンド設立で対立 金融安定化対策
Europe split on bank fund (FT.com)
European policymakers clashed on Wednesday over how to protect Europe’s financial system from the global credit crisis as France floated the idea of a common fund to deal with bank failures.
Christine Lagarde, the French finance minister, raised the possibility of a European fund “to support the financial sector”. But the idea of a fund, which some European officials said could hold as much as €300bn, was rejected by Germany, and France was already rowing back.
to split on: ～で分裂する
common fund: 共通ファンド
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