Economy (I)

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Unit 3

• Economy (I)

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• Presentation
• Homework check
• Journalistic knowledge the lead
• Chinadaily News March 14, 2008
• VOA financial reports
• Google Goes Public
• Chinas Economic Growth
• Training focus understanding numbers

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Key

• Mrs Clinton is aiming to becoming the first woman
  ever elected president of the United States and
  female voters could make the crucial difference
  in her Whitehouse bid. As Mary snow reports now,
  she maybe changing tactics to woo their support.

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• When it comes to the general election the picture
  is a bit different, but what remains the same is
  Clintons popularity with women. And the Clinton
  campaign is hoping to tap into the popularity as
  women make up 54 of the electorate. And the
  campaign says they could turn out to be the
  critical swing vote. Mary Snow, CNN, New York.

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Part I Journalistic knowledge

• The Lead ??

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Definition What is a lead?

• A news article usually consists of three
  parts the headline, the lead, and the body.
• The lead is the introductory portion of a
  news story. It displays in a significant way the
  most important elements in the news, such as the
  5 Ws and 1 H .
• The purpose of writing a lead is to
  capture the readers attention with simple but
  vivid language.
• The lead can be a sentence or several
  sentences, a paragraph or several paragraphs.

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What is a successful lead?

• A lead paragraph is a mini-story.
• Succinct
• ?????????,???????????????????????????????????
  ?????????25?????

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• informative
• ??????????????,???????????????,???????
• example
• South Korean doctor Jong Wook Lee has been named
  the new director-general of the World Health
  Organization.
• ??????,????????????(Jong Wook
  Lee)???????(has been named the new
  director-general) ?????(WHO) ??????(South
  Korea)????????????????????,?????

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• Intriguing
• ??????????????,???????,????????????????????
  ???
• Two children were killed and 12 others injured
  today when an automobile hit them outside
  Prospect Park.
• Two children at play were killed and 12 others
  injured today when a speeding sports car jumped
  the curb (????????)outside Prospect Park and ran
  them down.

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Dictation write down the lead of each news item.
Point out the 5 Ws.

• The change in the Chinese leadership for a new
  term of five years was formally initiated in
  Chinas parliament on March 12.
• ---what, where, when
• Star hurdler Liu Xiang claimed the first indoor
  athletics gold medal for China on Sunday in
  Valencia, Spain. --- who, what, when, where
• The Houston Rockets are blasting
  ahead(???????,??????,????,???) now having
  won 20 games in a row.
• ---who, what, how

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• A story about a students experience on the
  Mongolian grasslands during the Cultural
  Revolution is now in English.
• --- what, where, when
• During the National Peoples Congress and Chinese
  Peoples Consultative Congress, the government
  announced the creation of super ministries.
• --- when, what
• Foreign Minister Yang Jiechi addressed media this
  week on the sidelines of the National Peoples
  Congress.
• --- who, what, when

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Spot dictation Chinas CPI
8.7 percent

• The consumer price index rose _________ in
  February, the highest since ____________.
• Food and housing prices are to blame for the
  increase.
• Also the producer price index increased _________
  in February, the fastest in more than three
  years.
• The index was pushed up because of ______
  for oil, steel, and coal. The _______ before the
  Spring Festival also affected transportation and
  production costs.

June 1996
6.6 percent
higher prices
snow storms
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Using a dictionary Finding out the meaning of
new words.

1. Guess the meaning
2. Spell it
3. Look up the dictionary

resigned

• New York Governor Eliot Spitzer _______ on
  Wednesday _______ in a high-priced _________
  ring.
• The scandal erupted Monday when ________ surfaced
  the 48-year-old Spitzer was caught on wiretap(??)
  spending over 4,000 on a call girl.
• Spitzer was known as Mr. Clean for fighting
  ________ and was less than a year in office.
• He will be replaced by Lieutenant Governor David
  Paterson, who becomes New Yorks first black
  governor on Monday.

implicated
prostitution
allegations
corruption
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Training focus understanding numbers

• 1. Percentage
• The main interest rate is often expressed in
  percentage. For example, 3.5 is three point
  five percent. 35 (???????)is three and five
  points percent. Pay attention to the
  pronunciation of the word points, it can be
  easily misunderstood.

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• 2. Huge numbers
• ??(1,000)one thousand
• ??(10,000)ten thousand
• ??(100,000)one hundred thousand
• ???(1,000,000)one million
• Remember, ??(100,000,000) in English is one
  hundred million, while one billionmeans
  ??(1,000,000,000), it can also be read as one
  thousand million. ???can be read as one point
  three billion

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VOA feature Google Goes Public

• Vocabulary
• electronic adj. ???
• web page ??
• search engine ????
• ownership n. ???
• share n. ?????
• release v. ??

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Cultural notes

• Sergey Brin ???.??(??)
• Larry Page ??.??(??)
• Stanford University ?????

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Now listen to the report and answer the following
questions.

1. What is Google?
2. Who started Google?
3. Why is it so popular among computer users?
4. What did the company announce last month?
5. Who may gain the most from the sale, according to
   the report? Why?

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1. What is Google?
2. Who started Google?
3. Why is it so popular among computer users?

It is one of the most powerful Internet search
engine.
Two young men, Sergey Brin and larry Page,
started Google in 1998.
People find it easy to use.
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• 4. What did the company announce last month?
• 5. Who may gain the most from the sale, according
  to the report? Why ?

It announced that it wanted to become a public
company.
Mr. Brin and Mr. Page. Each man owns 15 of the
company.
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Listen to the report again and decide whether the
statements are true or false. (p40)

1. More than 80,000,000 people use the Google Web
   page each month. ( )
2. Brin and Page had just graduated from Stanford
   University when they started the company. ( )
3. Google was the first Internet search engine at
   that time. ( )

T
F
They were students at SU.
F
It was not the first.
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• 4. Google offers free search service. ( )
• 5. The profit they made in 2003 is
  one-thousand-million dollars. ( )
• 6. The company hope to raise about
  two-thousand-seven-hundred-million dollars. ( )
• 7. Google has released enough information about
  the company before the sale. ( )
• 8. The price for the shares has been set while
  the date when they will be sold is not known. (
  )

T
More than 100 million dollars.
F
T
Some business experts have criticized it for not
releasing
F
F
It has not set a price or the date
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Listen to the report again and complete the
following sentences. (p42)

1. Computer users ________ to the Internet can use
   Google to ______ ____ any ____, name or _____.
2. The technology they _______ chooses Web page with
   the _____ ______ to the words or words the user
   is ________ for.
3. It can search more than _________ web pages at a
   time.

connecting
search for
word
idea
developed
links closest
searching
4000- million
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pay

• 4. Companies ____ google ____ _____ someone _____
  it to connect with their __________.
• 5. The company made almost __________ in 2003.
• 6. Its profit was more than ____________.
• 7. This means that google will sell its ______
  _______ to the public.
• 8. The company hopes to raise about ___________
  this way.

every time
uses
web page
1,000-million
100-million
shares
ownership
2,700-million
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Useful expressions

• Google goes public.
• Google???????
• Google announced that it wanted to become a
  public company.
• Google??????????????
• go public ??
• ??The company is going public next month.
  ???????????
• ??in public ??????

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• The technology they developed chooses Web pages
  with the links closest to the word or words the
  user is searching for.
• ???????????????????????????
• ??report?????????????user link Web page
  search for search engine electronic
  communications system electronic
  document internet

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• The amount a company pays depends on its size.
• ?????????????????
• depend on ???
• ??The training takes a variable time,
  depending on the chosen specialty.
• ???????????, ?????????

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• This means that Google will sell its ownership
  shares to the public.
• ????Google??????????????
• share ?????
• ??Shes got all her money in stocks and
  shares.
• ???????????????
• ???shares go up/rise
• ???shares fall/go down/drop/jump

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• The company hopes to raise about 2,700-million
  dollars this way. ???????????27????
• raise ???????We are trying to raise funds for
  the Red Cross.
• ?????????????

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• Some business experts have criticized Google for
  not releasing enough information about the
  company before the sale.
• ???????Google????????????????
• criticize for ???????
• ??Doctors have criticized the government for
  failing to invest enough in the health
  service.???????? ??????????

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• release ?????
• ??Dont release this news to the public until
  we give you the go-ahead.
• ?????????????????
• ??The hijackers released three of the hostages.
  ???????????

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Chinese Economic Growth Surpasses 10 Percent for
Fifth Straight Year voa 2008-1-24

• The 11.4 percent growth in China's economy last
  year was the greatest in 13 years.Xie Fuzhan,
  the commissioner of the National Bureau of
  Statistics, announced the annual economic figures
  in Beijing Thursday.Xie says the second quarter
  last year saw the highest growth, of _____
  percent. That eased to ___ percent in the
  fourth quarter, indicating a modest
  slowdown.The government has been trying for the
  past few years to moderate economic growth. But a
  number of measures, including several increases
  in interest rates last year, have failed to make
  much of an impact on the _____ economy.Xie
  says one of the government's core economic goals
  this year will be to control widespread
  inflation, which reached ____ percent for the
  year.

11.9
11.2
roaring
4.8
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• He says one cause of ______ prices is an
  "excessive" money supply. China is also
  influenced, he says, by higher world prices.Xie
  points to oil as an example. China is an ______
  country, so he says there is an inevitable
  influence from higher prices for oil on the world
  market.Total trade volume rose _____ percent,
  and the already huge trade surplus - which has
  prompted heated _______ with the United States
  and the European Union - rose by almost 50
  percent to _________.Overall, the economy
  totaled ________ in 2007. Asked whether China
  has yet surpassed Germany as the world's ______
  largest economy, Xie said the German figures are
  not out yet, so he cannot compare the two.He
  says whether China is the third or fourth largest
  economy, it is still a developing country.
  Because it has far and away the largest
  population, at _________ people, per capita GDP
  remains low.

rising
oil-importing
????
23.5
disputes
262 billion
3.4 trillion
third
1.3 billion
gross domestic product
??
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Summary

• ?????????????????
• ???
• ??
• ??
• ???
• ????
• ???

eighty million
one hundred million
one thousand million
four thousand million
two thousand seven hundred million
several thousand million
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Related words

• investor n. ???
• bubble n. ??
• Silicon Valley ??
• Wall Street ???
• syndicate n. ????
• entrepreneurial n. ???

since the dot-com bubble burst.
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• New York Stock Exchange ???????
• recession n. ???
• recovery n. ??
• bankruptcy n. ??
• bond n. ??
• inflation n. ????
• shareholder n. ??
• Financial Times ????

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Discussion

• Are you interested in the stock market?
• Do you think it is a good idea for university
  students to invest in stocks and shares?