【Native Speaker每日综合训练—26系列】【26-12】经管

WindyMM

TIME2: 01:38
Lenovo is interested in acquiring Blackberry, but lots of similar failure cases show the difficulty and the challenge. Also, there are several competitors.

TIME3: 01:58
Lenovo and Blackberry both target more in business customers and Lenovo can use the brand value of Blackberry to enter into developed world.

TIME4: 02:09
Duo to lots of Canadian and American government officers are using Blackberry send sensitive e-mails, there are lots of negative attitude to sold Blackberry to a Chinese company. Some people advice Blackberry can sold e-mail network, phone handset business and patents to different companies.

TIME5: 02:29
The low interested rate trigger the high-yield-bond market in America. And other Euro countries are also boost this market.

TIME6: 02:21
Euro companies are not so close with bank finance than America, but the rise of the  high-yield-bond market prolong the default period.
But the boost of high-yield-bond market will make more costly and risky in long-term period.

TIME7: 02:12
The face value of the bonds are overestimated.
The issuers can use “call option” which will make the bond loss the further increase.
The credit quality of the bond market is underestimated.

PARAPHRASE 7: 08:46
The globalization is very popular these years.
Some think it is good because people can exchange the knowledge, trade, and capital.
Other disagree because it makes the inequality when more labor force work are moved to cheaper counties.
Whether the merits of globalization is overweight the demerits depends on when the globalization starts.
Smith thinks the globalization began when people know how to exchange the products with others.
Others think that when Columbus discovered New Continent, the globalization starts because it made the price revolution.
Whether globalization is good or not, it is the essential element of the economic history.