Business Channel 2007-03-26&28

Stocks were treading water ahead of that Federal Reserve announcement and then exploded higher.After discussing the state of the economy for two days,the Fed kept its key short term interest rate unchanged at 5.25%.But that's not what actually sparked the rally in Wall Street.Investors¹ were cheered because the Fed dropped the key phrase from previous statements.It's no longer talking about the possibility of additional firming or rate hikes,something that had been in every Fed statement for the last 15 months.The Fed did indicate that it's more concerned about both economic growth and inflation than it was at its last meeting in January.Insight of the problems in the housing sector² and the acknowledging signs that the economy may be actually worsening.At the same time,the Fed said inflation is still its primary concern.The major average soar on the hope that a rate cut may happen later this year.The Dow up 159 points.The NASDAQ's gaining nearly 2%.The S&P 500 saw a more than 1.5% increase on the day.Now, by the way,the NASDAQ and the S&P are back in the plus column for the year while the Dow is slightly below where it began at two, in the beginning of 2007.


A lot of good news here, Falecia.

Not bad, right?

Yeah,we'll take it.

Hey, also good news if you are a flyer and you like Southwest as well as JetBlue..... and know competitor in that market space which may mean more options, lower prices.

Exactly.Leave it to Richard Branson.Virgin³ America has been given a preliminary green light from Federal regulators to begin flying in the United States.Virgin Airlines is behind the new start -up budget carrier which will base in San Fancisco. But before Virgin America can start flying,it must get rid of its current CEO.The government just concerned that he's too close to Virgin Chairman Sir Richard Branson.Of course, he is British and US regulations require that airlines based here be controlled by someone more independent.

So, the question is ,and I'm,I'm listening very carefully, when will these flights be avaible for Virgin America?

Well, it could be just a matter of months.There are a few more hurdles⁴ before it's official, but barring any serious turbulence⁵, Virgin America plans to begin New York to San Francisco flights this summer.And that include Las Vegas,Los Angeles,San Diego and Washington Dullas. By the way, Virgin claims its fleet of planes will have the largest seat back TVs of any US carrier and plans to offer free TV and some free video games.Richard?

And I think they can get some good deals in A380, the way things are going for that company as of now(exactly) ... Ha ha



That'd be a big plane though.

Hey, this last story you got for us.You know, I've deleted files before and I've liked , you know, I've hit my head but evidently you're about to tell us about some person who deleted a file worth billions of bucks⁶.

Wow,this is a doozy!OK,it happened in Alaska.A computer technician was reformatting a disc drive at Alaska Department of Revenue when he accidentally deleted the information on a 38-billion-dollar account.Then to make matters worse,he even deleted the backup drive.The accountant question was applicant⁷ information for an oil funded account on thousands of Alaskan residents.In case we were aware that account is one of the state's biggest benifits.All residents of the state share in Alaska's oil revenues.Haaaa. good news is, after spending hundreds of thousands of dollars in overtime⁸ to re-enter all of the information.Most Alaskans are gonna get their oil payments


Notes：　

1. tread water

[color=red]Expend effort that maintains one's status but does not make much progress toward a goal, as in He was just treading water from paycheck to paycheck. This idiom alludes⁹ to the term's literal meaning, that is, "keep one's head above water by remaining upright and pumping the legs." [/COLOR=red]

2. NASDAQ

National Association of Securities Dealers¹⁰ Automated¹¹ Quotation¹² System

Created in 1971, the Nasdaq was the world's first electronic stock market. The Nasdaq is a computerized system that facilitates trading and provides price quotations¹³ on some 5,000 of the more actively¹⁴ traded over-the-counter stocks.

The Nasdaq is traditionally home to many high-tech¹⁵ stocks. The big ones include Microsoft, Intel, Dell and Cisco.

3. Nasdaq Composite

The Nasdaq Composite is a stock market index of all of the stocks listed on the NASDAQ stock market, meaning that it has over 3,000 components¹⁶. It is the most watched index of the performance of stocks of technology companies and growth companies. Since both U.S. and non-U.S. companies are listed on the NASDAQ stock market, the index is not an exclusively U.S. index.

4. doozy or doozie

slang. Something extraordinary or bizarre.

5. A380

The Airbus A380 is a double-deck, four-engined airliner¹⁷ manufactured by EADS (Airbus S.A.S.) It first flew on 27 April 2005 from Toulouse in France. Commercial flights are scheduled to begin in 2007 after lengthy¹⁸ delays. During much of its development phase, the aircraft was known as the Airbus A3XX. The nickname Superjumbo has become associated with the A380.

1 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

2 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

3 virgin   

n.处女，未婚女子；adj.未经使用的；未经开发的

参考例句：

• Have you ever been to a virgin forest?你去过原始森林吗？
• There are vast expanses of virgin land in the remote regions.在边远地区有大片大片未开垦的土地。

4 hurdles   

n.障碍( hurdle的名词复数 )；跳栏；（供人或马跳跃的）栏架；跨栏赛

参考例句：

• In starting a new company, many hurdles must be crossed. 刚开办一个公司时，必须克服许多障碍。 来自《简明英汉词典》
• There are several hurdles to be got over in this project. 在这项工程中有一些困难要克服。 来自辞典例句

5 turbulence   

n.喧嚣，狂暴，骚乱，湍流

参考例句：

• The turbulence caused the plane to turn over.空气的激流导致飞机翻转。
• The world advances amidst turbulence.世界在动荡中前进。

6 bucks   

n.雄鹿( buck的名词复数 )；钱；（英国十九世纪初的）花花公子；（用于某些表达方式）责任v.（马等）猛然弓背跃起( buck的第三人称单数 )；抵制；猛然震荡；马等尥起后蹄跳跃

参考例句：

• They cost ten bucks. 这些值十元钱。
• They are hunting for bucks. 他们正在猎雄兔。 来自《简明英汉词典》

7 applicant   

n.申请人，求职者，请求者

参考例句：

• He was the hundredth applicant for the job. 他是第100个申请这项工作的人。
• In my estimation, the applicant is well qualified for this job. 据我看, 这位应征者完全具备这项工作的条件。

8 overtime   

adj.超时的，加班的；adv.加班地

参考例句：

• They are working overtime to finish the work.为了完成任务他们正在加班加点地工作。
• He was paid for the overtime he worked.他领到了加班费。

9 alludes   

提及，暗指( allude的第三人称单数 )

参考例句：

• In the vegetable kingdom Mr. Mivart only alludes to two cases. 在植物界中，密伐脱先生仅提出两点。
• Black-box testing alludes to test that are conducted at the software interface. 黑箱测试是指测试软件接口进行。

10 dealers   

n.商人( dealer的名词复数 )；贩毒者；毒品贩子；发牌者

参考例句：

• There was fast bidding between private collectors and dealers. 私人收藏家和交易商急速竞相喊价。
• The police were corrupt and were operating in collusion with the drug dealers. 警察腐败，与那伙毒品贩子内外勾结。

11 automated   

a.自动化的

参考例句：

• The entire manufacturing process has been automated. 整个生产过程已自动化。
• Automated Highway System (AHS) is recently regarded as one subsystem of Intelligent Transport System (ITS). 近年来自动公路系统(Automated Highway System,AHS)，作为智能运输系统的子系统之一越来越受到重视。

12 quotation   

n.引文，引语，语录；报价，牌价，行情

参考例句：

• He finished his speech with a quotation from Shakespeare.他讲话结束时引用了莎士比亚的语录。
• The quotation is omitted here.此处引文从略。

13 quotations   

n.引用( quotation的名词复数 )；[商业]行情（报告）；（货物或股票的）市价；时价

参考例句：

• The insurance company requires three quotations for repairs to the car. 保险公司要修理这辆汽车的三家修理厂的报价单。 来自《简明英汉词典》
• These quotations cannot readily be traced to their sources. 这些引语很难查出出自何处。 来自《现代汉英综合大词典》

14 actively   

adv.积极地，勤奋地

参考例句：

• During this period all the students were actively participating.在这节课中所有的学生都积极参加。
• We are actively intervening to settle a quarrel.我们正在积极调解争执。

15 high-tech   

adj.高科技的

参考例句：

• The economy is in the upswing which makes high-tech services in more demand too.经济在蓬勃发展，这就使对高科技服务的需求量也在加大。
• The quest of a cure for disease with high-tech has never ceased. 人们希望运用高科技治疗疾病的追求从未停止过。

16 components   

（机器、设备等的）构成要素，零件，成分； 成分( component的名词复数 )； [物理化学]组分； [数学]分量； （混合物的）组成部分

参考例句：

• the components of a machine 机器部件
• Our chemistry teacher often reduces a compound to its components in lab. 在实验室中化学老师常把化合物分解为各种成分。

17 airliner   

n.客机，班机

参考例句：

• The pilot landed the airliner safely.驾驶员使客机安全着陆。
• The passengers were shepherded across the tarmac to the airliner.旅客们被引导走过跑道去上飞机。

18 lengthy   

adj.漫长的，冗长的

参考例句：

• We devoted a lengthy and full discussion to this topic.我们对这个题目进行了长时间的充分讨论。
• The professor wrote a lengthy book on Napoleon.教授写了一部有关拿破仑的巨著。