关于投资的商务英语

　　他最后向纽约的Access Capital，一家快速成长的融资公司，借了100万美元。

学习啦在线学习网 　　10.Joseph Ricci,who runs a private school in Maine for children with behavioral problems,

　　Joseph Ricci在缅因州开一所教导行为偏差儿童的私立学校，

　　spent more than two years trying to borrow 0,000 from as many as five banks.

学习啦在线学习网 　　他花了超过两年的时间，向五家银行申贷一笔70万元的款子。

　　But even with million in assets and an unblemished credit history,Ricci walked away empty-handed.

　　即使他有1700万美元的资产以及毫无瑕疵的信用纪录，Ricci仍然两手空空走出银行。

　　"We demonstrated to all of them how we could carry the loan.But the banks were just not lending money to business,"he says.

　　他说：“我们跟所有银行说烂了嘴证明我们有能力背负这笔贷款，但是它们就是不贷款给企业。”

学习啦在线学习网 　　Ricci went to a finance company and within six weeks got a loan.

　　Ricci转而找寻融资公司，六周内就借到了钱。

　　11.That's the way the credit crunch has brought rapid growth to many nonbank lenders.

学习啦在线学习网 　　这就是紧缩信用社让非银行机构大发利市的现象。

学习啦在线学习网 　　"There is plenty of demand for financing from small companies,"says Access Capital president Miles Stuchin."It's just that the banks are turning them down."

　　Access Capital公司总经理Miles Stuchin说：“小企业对贷款的需求很高，只是银行却让它们失望了。”

学习啦在线学习网 　　Stuchin set up a finance company in 1986 that Inc.magazine last year placed in the top 20% of the 500 fastest-growing companies in the U.S.

学习啦在线学习网 　　Stuchin在1986年设立Access Capital，在去年被《Inc.杂志》列在美国500家成长最快企业的前20%区间之中。

学习啦在线学习网 　　12.Perhaps the greatest threat to commercial banks has come from life insurers and pension funds.

　　商业银行的最大威胁也许是来自寿险公司与退休基金。

　　The two have combined assets of .5 trillion,exceeding that of the entire banking industry.

　　这两种产业结合起来的资产有4.5兆美元，比整个银行业都大。

学习啦在线学习网 　　They are the largest source of financing for U.S.industry.

学习啦在线学习网 　　它们是美国产业界最大的金主。

学习啦在线学习网 　　While bank lending was dropping during the past two years,loans by life insurers jumped billion.

　　过去两年银行贷款下跌，而寿险公司的贷款却跳升了500亿美元。

　　13.One such loan went to IDB Communications Group,a telecommunications service company based in Culver City,California,whose million line of credit was canceled by a group of banks.

　　其中一笔贷款是调进位在加州City的IDB通讯集团，因为银行取消了其7800万美元信用额度。

学习啦在线学习网 　　"I spent every waking hour for half a year on this issue,"says IDB's chief financial officer,Ed Cheramy.

学习啦在线学习网 　　IDB的财务总经理Ed Cheramy说：“半年来我无时无刻不在想法子摆平这件事，

学习啦在线学习网 　　"It was the worst experience of my life."

　　此乃我一生中最恐怖的经验。”

　　14.Coming to the rescue with a million loan was Teachers Insurance and Annuity Association,the nation's third largest insurance company.

　　带着2000万美元来救命的是美国第三大保险公司Teachers Insurance and Annuity Association。

　　In the past year,TIAA has lent a record .5 billion to business.

　　去年TIAA贷出空前的35亿美元。

　　Some 5 billion in loans to business are now held by the life-insurance industry,up 11% from two years ago.

　　目前寿险业的对企业贷款达2250亿美元，比两年前增长11%。

　　15.Wall Street firms have also cherry-picked some of the banks' best business.

　　华尔街经纪行也挑了几样银行最赚钱的营业项目来经营。

　　Merrill Lynch,for example,has been targeting smaller companies since the mid-1980s.

学习啦在线学习网 　　例如Merrill Lynch公司自1980年代中期起便将目标对准小企业。

　　Last year its business financial-services division had about 3,000 clients and 0 million in loan commitments.

　　|||

　　去年它的企业金融服务部门拥有约3000家顾客，并承诺借出8亿美元。

　　16.With their loan portfolios under five,banks are in danger of losing their depositors as well.

学习啦在线学习网 　　不只贷款业务遭到夹攻，银行还有存款流失的危机。

学习啦在线学习网 　　Americans have withdrawn more than 0 billion from low-yielding bank accounts over the past three years in favor of higher-paying investments like mutual funds.

　　过去三年，美国人自低收益的银行户头提出超过5000亿的现款，投入较高收益的投资如共同基金。

　　Even the Federal Deposit Insurance Corporation's 0,000 guarantee is no longer exclusively available to banks and S&Ls.

学习啦在线学习网 　　连联邦存款保险公司的每人10万元存款保险也不再限于仅给与银行和信用合作社。

　　Brokerage firms like Prudential Securities now offer "insured income accounts" with checking privileges and government insurance.

　　像Prudential Securities这样的经纪行所提供的“保障收入账户”都有核对优先权与政府保险。

　　17.A few banks are vigorously working to recapture their share of business lending.

学习啦在线学习网 　　几家银行已经大张旗鼓地要夺回企业贷款市场。

　　This spring Chemical Bank,the nation's third largest,kicked off the biggest marketing blitz in its history to attract small and medium-size business borrowers.

　　今年春天美国第三大的Chemical银行以该行空前的大手笔展开一项促销攻势，企图吸引中小企业上门。

　　An army of 1,800 lending officers,including bank president Walter Shipley and chairman John McGillicuddy,

　　1800名贷款人员，包括总经理Walter Shipley与董事长John McGillicuddy，

学习啦在线学习网 　　went knocking door to door at 5,000 companies across five states.

　　在五个州逐一拜访5000家企业。

学习啦在线学习网 　　"Am I concerned about Wall Street firms and investment bankers coming into the market?Absolutely,"says Frank Lourenso,who heads Chemical's midmarket lending division.

　　Chemical的中级市场贷款部主管Frank Lourenso说：“我担心华尔街企业和投资银行来抢市场吗?当然!

　　"They are real players,and I take them very seriously.But we're going to be very aggressive in looking for new business"

　　它们是真正的玩家，而我很严肃地看待它们。但是我们将非常主动地争取新的企业主顾。”

　　18.That drive was underscored last month when the Federal Reserve gave 确度 the green light to sell and underwrite corporate bonds.

　　这样的雄心在上个月得到政府的肯定。联邦储备委员会批准Chemical银行销售及承销公司债券。

学习啦在线学习网 　　Normally banks are barred from such investment-banking activity under the Glass-Steagall Act of 1933.

学习啦在线学习网 　　通常，根据1933年的Glass-Steagall法案，商业银行是不准从事此类投资银行业务的。

学习啦在线学习网 　　But the Fed cited a loophole,

学习啦在线学习网 　　但是联邦储备理事会引用该法案的漏洞，

学习啦在线学习网 　　and its decision allows certain banks to take on Wall Street directly in wooing business borrowers.

　　而它的决定让某些银行可以直接向华尔街挑战，来争取企业主顾。

学习啦在线学习网 　　19.Unshackling the banking sector entirely from such Depression-era regulatory chains may be the only way to reverse the 20 year structural decline of the banks.

　　让银行自此种大萧条时期订下的枷锁中完全解放出来，也许是让银行业20年来结构性衰退起死回生的唯一方法。

　　But that is something the Congress has steadfastly refused to do.

学习啦在线学习网 　　但是国会一直坚决反对这样作。

学习啦在线学习网 　　Nor do such comprehensive reforms appear on President Clinton's agenda.

学习啦在线学习网 　　这样广泛的改革也未出现在克林顿总统的议事日程中。

学习啦在线学习网 　　Yet until such changes are made,banks,once a fixture on the U.S.financial landscape,will continue their slow fade.

　　但是如果不作这些改革，一度在美国金融地图上最显眼的银行业，恐将持续地失去可见度。

　　商业英语：宏观经济

学习啦在线学习网 　　Club of Rome

　　罗马俱乐部

　　Books such as Paul Ehrlich's The Population Bomb In 1968 and the Club of Rome's 1972 study The Limits to Growth,

学习啦在线学习网 　　Paul Ehrlich 1968年著作《人口炸弹》及罗马俱乐部1972年的研究报告《增长的极限》造成人们恐惧，

学习啦在线学习网 　　raised fears that unchecked population growth might lead to mass starvation.

　　以为未加节制的人口增长会导致大规模的饥荒。

　　In the 70s,the Club of Rome predicted,with hilarious imprecision,

　　1970年代时，罗马俱乐部令人捧腹地粗略预测，

学习啦在线学习网 　　a coming doomsday of uncontrollable pollution,wild overpopulation and resource depletion(by 1992,for example,no oil).

　　失控的污染、人口爆炸及资源枯竭即将来临

　　CPI

　　消费者物价指数

　　The TIME group predicts that the CPI will climb at an annual rate of 7.2%in the fourth quarter

学习啦在线学习网 　　时代集团预测消费者物价指数在第四季将爬升至年增率7.2%

　　and slow to 3.8% by tate next year.

　　但在明年结束前将会减缓至3.8%。

　　Economists placed greater trust in the CPI report,

学习啦在线学习网 　　经济学家对消费者物价指数比较信任，

　　contending that the surge in the wholesale index was merely a fluke.

　　认为批发物价指数的飙涨只是偶发现象。

学习啦在线学习网 　　crowding out

　　排挤效果

　　For corporate America,health care has become a crippling expense.

　　对美国企业来说，健保已成了对企业杀伤力极大的一项支出。

学习啦在线学习网 　　General Motors laid out .2 billion last year,more than it spent on steel,to provide medical coverage for 1.9 million employees,dependents and retirees.

　　通用汽车公司去年编列32亿美元去付它190万名员工、眷属与退休员工的医药费用，比公司买钢铁的预算还高。

　　Unchecked,the U.S. medical bill will more than double in the next 10 years to class="main">