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米ペロシ下院議長、これからビッグ3・UAW首脳と会談へ 追加支援策について協議
Pelosi, Auto Makers to Meet (WSJ.com)


House Speaker Nancy Pelosi was scheduled to meet Thursday with the heads of the Detroit Big Three auto makers and the United Auto Workers union to discuss further aid to the industry.


Democratic leaders are considering doubling the low-cost loans to be offered to ailing auto makers to $50 billion as part of a second economic-stimulus package, Sen. Debbie Stabenow (D., Mich.) said in an interview Wednesday. A second package of $25 billion in loans would be on top of the $25 billion of credits signed into law this fall and earmarked to help companies retool plants to produce new, fuel-efficient vehicles.


House Speaker Nancy Pelosi urged passage of at least $61 billion in economic stimulus, but said Democrats would need GOP cooperation.


House Speaker: 下院議長
economic-stimulus package: 経済刺激策
GOP cooperation: 共和党議員の協力


米主要金融機関のボーナス、大幅削減 前年比20-50%カット
On Street, the Incredible Shrinking Bonus (WSJ.com)


From CEOs to secretaries, Wall Street's miserable year is about to hit where it hurts. Two compensation experts set to release projections for bonus payments predict they will plummet 20% to 50% from last year.


It will be the second consecutive drop following a four-year surge, with the deepest cuts affecting bankers and traders in businesses that blew up during the credit crisis, including structured finance and mortgage-backed securities. Bonuses in areas that haven't been pummeled as badly, such as asset management and brokerage units, will suffer smaller declines.


In particularly hard-hit areas such as structured credit, which churned out collateralized debt obligations that blew holes in many Wall Street balance sheets, managing directors could see their bonus fall 50% to $750,000 to $950,000, according to the Options Group. Their base pay is about $200,000 a year. Vice presidents with three years of experience in the same area could expect a 55% cut in bonus to $200,000 to $250,000, on top of a base of $130,000 to $150,000.


to blow up: 失敗する
structured finance: ストラクチャード・ファイナンス、資産担保証券(ABS)などの新しい枠組みによる資金調達手段
base pay: 基本給


現政権崩壊後の北朝鮮、中国が米政府との対応策作成を拒否 金正日総書記の病状不明を受け
China Rebuffs U.S. Requests for Korea Plan (WSJ.com)


The Chinese government has largely rebuffed Bush administration attempts to directly discuss contingency planning for a political transition inside North Korea amid uncertainty over dictator Kim Jong Il's health, according to current and former U.S. officials.


Because of this uncertainty, State Department and White House officials have reached out to their Chinese counterparts in recent months to gauge Beijing's potential response to any leadership change inside Pyongyang, according to U.S. officials involved in the diplomatic process.


The Chinese side, however, has largely declined to engage, in part over concerns that any talk of a leadership transition inside North Korea could be viewed negatively in Pyongyang, these officials said.


to rebuff: ~を拒絶する
contingency planning: コンティンジェンシー・プランニング、緊急時対策
in part over concerns: (that以下)の懸念もあって


加州、シュワルツネッガー知事が44億ドル増税を提案 深刻な財政危機
California's Schwarzenegger Proposes $4.4 Billion in Tax Increases (WSJ.com)


SACRAMENTO -- Gov. Arnold Schwarzenegger proposed a temporary 1.5% sales tax increase to deal with California's worsening fiscal crisis, which has created an $11.2 billion deficit in this year's budget.


Just six weeks ago, Gov. Schwarzenegger signed an overdue state budget that was intended to close a $15.2 billion deficit. The rapid pace of decline in the national and state economies since then has reopened that gap and threatens to widen it even more in the months ahead.


Gov. Schwarzenegger proposed $4.4 billion in tax increases, including a temporary sales tax increase. He didn't specify how long the increase would remain in effect. He also alluded to bringing in more money through other "revenue generators."


The governor said $4.5 billion in cuts will be necessary across all state programs, including education, social services, health care and prisons.


overdue state budget: 先延ばしにされていた州予算案
temporary sales tax increase: 小売売上税の一時的な引き上げ
revenue generator: 財源


米カジノリゾート運営ラスベガス・サンズ、財務制限条項を守れない可能性
Las Vegas Sands may miss covenant requirements (Forbes.com)


NEW YORK - Casino operator Las Vegas Sands Corp. said Thursday that it is in jeopardy of missing certain financial covenant requirements and needs to raise more capital.


In a filing with the Securities and Exchange Commission, Las Vegas Sands said it does not expect to comply with its maximum leverage ratio covenant for the fourth quarter which ends on Dec. 31, and potentially afterward. If it defaults, lenders would be able to exercise their rights under the agreements, including bringing financing maturity dates forward.


The defaults would "raise substantial doubt about the company's ability to continue as a going concern," the filing stated.


financial covenant: 負債バランスなどを一定以下に保つなどの財務制限条項(の)
substantial doubt about: ~に対する著しい疑念
going concern: 継続企業の原則


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