【Native Speaker每日综合训练—43系列】【43-05】经管

吐吐yeah

内容：小蘑菇开始打怪 编辑：吐吐yeah

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Part I: Speaker

Pizza Man Delivers Third-Party Option
October 14, 2014 4:27 PM ET

Source: NPR
http://www.npr.org/2014/10/14/356142508/pizza-man-and-other-third-party-candidates-shake-up-tight-senate-races

[Rephrase 1, 04:16]

吐吐yeah

Part II: Speed

How to Christmas-shop like the 1%
BY Nicole

[Time 2]
Some might call it holiday shopping for the one percent. Retail giant Neiman Marcus unveiled its 2014 Christmas Book--a unique collection of some very luxurious and one-of-a-kind gifts and experiences. This type of holiday cheer does not come cheap, however; the ten gifts on the list range from $25,000 to $475,000.

The Dallas-based department store began the tradition of the Christmas Book in 1926 when the company printed a sixteen-page booklet to send as a Christmas card to its most distinguished customers. Over the past 88 years, the list has evolved into a very exclusive holiday shopping list. Ginger Reeder, Neiman Marcus Vice President for Corporate Communications, highlights some of the more unique possibilities available to a few lucky recipients this holiday season.

Reeder says this year’s list includes more “experiences” than ever before. As opposed to simply purchasing a single item, many options are complete packages, including travel and five-star accommodations, along with a totally unique experience.

For instance, for a mere $425,000, there’s the chance to attend the legendary Vanity Fair Academy Awards Party. The package comes complete with a trip for two to Los Angeles and a personal shopping spree at the Beverly Hills Neiman Marcus.

Another option is a trip to Paris to meet with Olivier Creed, perfumer to both celebrities and royalty. You’ll receive your custom-made fragrance a few months later, all for a price tag of $475,000. Reeder notes that the House of Creed was established in London in 1760 “so you’re really joining a long history of people who have had fragrances made for them by Creed.”

In the household gifts category, there’s no shortage of extravagant choices. To spruce up a drab garden, celebrity event planner Preston Bailey has created a giant peacock sculpture; the 10-foot tail is made of growing plants and flowers and will be installed by the designer and his team for $65,000.
[265 words]

[Time 3]
For the racecar enthusiast, Slot Mods USA will create a customized slot car raceway. For $300,000 the company “will replicate your favorite racetrack. So if it’s Monaco, if it’s Laguna Seca, if it’s le Mans… they will replicate it to scale… so you need to have a big basement ready for this one,” says Reeder.

To host the ultimate holiday cocktail party, a gin lover might appreciate the Tanqueray No. Ten Imperial Shaker, which is based on a design from 1802 discovered in New Orleans. The apparatus is six feet tall and can make 32 cocktails at once. It costs $35,000 but it comes with a year’s supply of Tanqueray No. Ten gin.

Reeder says about half of these gifts actually sell each year—but the list itself was created as a “publicity stunt” to attract customers to shop at a store associated with the sale of these fantasy items.

Neiman Marcus will donate a portion of the proceeds from the purchase of each of this year’s gifts to The Heart of Neiman Marcus Foundation, which supports arts education experiences for children in communities nationwide.

Reeder emphasizes that arts enrichment “adds to the creativity of communities, makes better learners… and it’s not something that’s always funded by school districts.”
[209 words]

Source: Yahoo Finance
http://finance.yahoo.com/news/christmas-shopping-for-the-one-percent-161028932.html

7 money mistakes you shouldn't make in your 50s
By Mandi Woodruff

[Time 4]
With retirement right around the corner, your 50s are arguably the most crucial years for your finances.

That’s partly because today’s 50-somethings aren’t just dealing with the pressure to save for retirement. The so-called sandwich generation is often saddled with the role of caretaker for not only for their kids but their parents as well.

Nearly half of adults in their 40s and 50s are raising a kid or financially supporting an adult child, while 15% say they’re financially supporting elderly parents as well, according to a Pew study.

The pressure to support not only themselves but their families can leave a lot of room for error. To help you better protect your finances, we tapped financial experts to find out some of the most dangerous money mistakes 50-somethings make today. Here’s what they had to say:

Dipping into your 401(k) to put your kids through college
We all know that college costs are growing wildly out of control, a trend disproportionately affecting middle-class households (too broke to pay for college in cash, yet too rich to qualify for financial aid). Rather than co-signing a student loan on your child’s behalf and taking on more debt, it might make sense to make a penalty-free 401(k) withdrawal to pay for higher education. There’s just one problem with this strategy: Unless you’re expecting a windfall or a cushy promotion at work, how will you ever be able to pay yourself back?

“Often those funds are tough to replenish to appropriate levels,” says Laurie Burkhardt, a certified financial planner in Boston. “There are numerous ways for a child to assume responsibility for an education funding shortfall … However, there are limited ways to fund a retirement shortfall once you reach a certain age and are unable to increase your earnings and savings.”

Rather than bankroll your kids’ college degree, encourage them to work part time, seek out public or community colleges rather than pricier private and out-of-state institutions (unless, of course, they can qualify for financial aid).
[334 words]

[Time 5]
Rolling over your 401(k) into an IRA if you retire early
This is such a common mistake for 50-somethings that nearly every financial expert we spoke with pointed it out.

If you decide to retire a bit early, between ages 55 and 59, it may make perfect sense to roll your employer-held 401(k) into an IRA. But the rules for IRA withdrawals are different and you could be shooting yourself in the foot if you’re too hasty to ditch your 401(k).

“If you leave your employer in the calendar year that you turn 55 or older, you can take money out of your 401(k) and not pay a 10% early withdrawal penalty tax,” says Michele Clark, a CFP in Chesterfield, Mo. “This is terrific for people that are younger than 59 1/2.”

But withdrawals made from an IRA before 59 1/2 is subject to a 10% penalty.

“I tell clients that are retiring early (55 to 59 1/2) to keep their 401(k) at their employer until after they turn 59 1/2 to give them flexible access to the money in their 401(k) without penalty,” Clark says.  

Letting your kids take advantage of you
In plenty of different cultures, it’s perfectly reasonable for adult children to continue to live under their parents’ roof until they’ve married or can at least sustain a household on their own dime. But if supporting your kids means putting your own retirement in jeopardy, you have to draw a line at some point.

“It starts innocently enough by keeping the... kids on the family plan for the cellphone, but then before most people know it, they are ‘helping’ their adult children with the rent on their new apartments,” Costa says. “If you do this for too long, you can’t easily stop doing it because the kids expect it.”

That doesn’t mean there isn’t a way to support your adult children — or any relative who may need a helping hand, for that matter — and get something in return as well. For example, if they want to move back home while they work at paying down their student loans or finding a job, charge them rent or require them to help out with household responsibilities. Costa gives this advice to all her clients, even if they’re wealthy enough to comfortably support their kids.

“It provides incentive for the [child] to eventually get a place of their own,” she says. “If the parent is exceptionally well prepared for retirement, they can always return the rent money to the kids when they move out and that money can be used to buy or rent a place.”
[436 words]

[Time 6]
Hiding your finances from your children
It’s not uncommon for parent-child relationships to shift as parents get closer to retirement age. Those kids who are too broke to afford their own apartment today may be the ones driving you to doctor’s appointments and managing your finances sooner than you think. It’s important to not only prepare for your future —by writing a will, and designating a power of attorney and a health care power of attorney—but to make sure your children know exactly what those plans are.

“Make your decisions ahead of time and let them be known in the form of these legal estate planning documents,” says Kathleen Campbell, a CFP in Fort Meyers, Fla.. “That way, if you are incapacitated or if you die prematurely, you won't have a judge making the decisions for you.”  

Your children — or whoever you plan on trusting with your estate plan — should know exactly where to find your documents, whether that means giving them the security code for your office safe or keeping a list of passwords to all of your electronic accounts.

Prioritizing mortgage debt over all other debts
Retiring without a mortgage is one of the most common goals for older workers, but mortgage debt shouldn’t always take priority over other debts.

The average 50-something has $5,347 in credit debt. More than one in ten Americans over age age 50 still have student loan debt, and 20% of those borrowers is in default on their loans, according to a report by the Federal Reserve Bank.

It’s not like your mortgage and credit card debt is forgiven the minute you leave the workforce. Even Uncle Sam won’t hesitate to garnish your Social Security income (up to 15%) to recoup student loan debt or past taxes owed.

“You’d be amazed how many people punch out for the last time at work and waltz home with credit card debts, boat payments, two car payments, timeshare obligations, and a hefty mortgage,” writes Roger Roemmich, chief investment officer for ROKA Wealth Strategists, in his book, “Don’t Eat Dog Food When You’re Old”.

Unless your mortgage rate is greater than 5%, Roemmich advises against pre-paying on home loans. A tax advantage of having a mortgage is that you can always deduct the interest. The same can’t be said for lingering credit debt, which is almost sure to have a higher interest rate anyway.

“Non-deductible debt (i.e., credit cards) should be viewed as very short-term debt and paid off at the earliest possible time,” Roemmich says. “There are very few investments that return enough to suggest investing in lieu of paying off credit card debt.”
[439 words]

[Rest]
Underestimating your health care costs
The average 401(k) balance in the U.S. today may be at a five-year high (just shy of $90,000 at last count), but when you consider health care for the average retiree will cost upwards of $220,000, it’s pretty sobering to realize that so many Americans may be unprepared.  

Because of its high cost, nearly 80% of the cost of long-term care for the elderly is provided by family members. It can cost up to $6,700 a month for standard nursing home care, and unless you’ve either got deep pockets or family members willing to pick up the tab, it’s unlikely you’d be able to afford it without long-term care insurance. Nursing home care isn’t covered by Medicare either.

In her book, “The Charles Schwab Guide to Finances After 50,” Carrie Schwab-Pomerantz says long-term care insurance (LTCI) should be a part of every retirement plan. LTCI is one smart way to protect yourself against costly health expenses after retirement, and the sooner you sign up for a policy, the better. One in four people over age 60 are denied LTCI coverage, according to Bankrate.

The American Association of Long-Term Care Insurane is a great place to find information:http://www.aaltci.org/.

If you already have life insurance, think about adding a long-term health care rider to your existing policy, or buy a fixed or variable annuity with additional long-term care coverage.  

Expecting too much
Christopher Knight, a CFP in Matthews, N.C., often has to work against his clients’ unrealistic expectations for their own financial futures.

“Sometimes clients in their 50s go through late-career crisis, where all that matters is being able to walk away at a certain specified age, let's say age 60,” Knight says. “Unfortunately, too many times clients become mentally fatigued and emotionally blinded at the late-career stage and end up with the unrealistic expectation of retiring at a certain age, when if they look at things objectively are very unrealistic.”

For a sobering dose of reality, sit down with a financial planner and take a hard look at your finances — you might be saving less for retirement and spending more on your day-to-day expenses than you realized.

“They may think they have x, y or z, but when we look at things, they're off a good bit,” Knight says. “A lack of clarity and reality will lead to the wrong decisions that can derail their retirement.”
[400 words]

Source: Yahoo Finance
http://finance.yahoo.com/news/7-money-mistakes-you-should-avoid-in-your-50s-204145920.html

吐吐yeah

Part III: Obstacle

Li who will not be obeyed
Oct 11th 2014 | SHANGHAI | From the print edition

[Paragraph 7]
LI KEQIANG, China’s prime minister, often promises bold financial reforms. He once reportedly declared that his administration would slash bureaucracy with the zeal of a brave man cutting his own wrist. His decision to make the Shanghai Free Trade Zone, a special economic area on the outskirts of the port city, a shining example of market reform is thus a test of his mettle.

So, a year after the zone’s launch, how is the bold experiment going? China Daily, an official newspaper, marked the anniversary by trumpeting that the zone had reached a “record-breaking milestone”. It declared that more than 12,000 firms had registered in the 29-square-kilometre (11-square-mile) area, and that foreign firms were flooding in.

Officials stress the zone’s innovations. As a step towards opening China’s gold market, it recently launched an international gold exchange. Trading in other commodities, such as crude oil, is also promised. Rather than requiring firms to get explicit permission to operate, businesses in the zone are free to set up shop as long as their industry is not included on a “negative list”. Vivian Jiang of Deloitte, a consultancy, says the zone has made small but helpful improvements in customs clearance, logistics and in the bureaucracy of setting up new businesses. Some useful reforms have been made in the settling of disputes between companies.

Chen Bo of the Shanghai University of Finance and Economics, who advises the government on the zone, acknowledges that the pace of reform has been slow. But he argues that financial reforms that have proved too hard or risky on a national scale can nevertheless be pushed through more quickly in the zone.

So all’s well, then? Not quite. Some experts maintain that the project cannot work, even in principle. Mr Li has stressed the importance of financial liberalisation in the zone. But a noisy chorus, including influential figures at the central bank, believe it is unworkable to experiment with bold financial reforms in one area without seeing them spill over dangerously to the rest of the country. Others point out that by insisting that all reforms are replicable elsewhere in China, the government may have inadvertently biased the experiment towards caution.

The zone is widely seen by businesses as a disappointment. Some local firms are setting up there only because they have been strongly encouraged to do so by officials. Foreign firms going in are hoping for a first-mover advantage—but such an edge has yet to materialise, whispers one manager. (Only 5% of firms registered in the zone have headquarters outside greater China.) Steps taken thus far on financial liberalisation have fallen far short of the promised freeing of the currency and of interest rates. One manager at a foreign bank says nothing much is different at his branch in the zone.

Even Mr Li has let it be known that he is unhappy with the zone’s progress. When he paid a visit last month (see picture) he grumbled that reforms were moving too slowly. Perhaps for that reason, the local official ostensibly in charge of the area was pushed out of his job on the eve of Mr Li’s arrival. Mr Li echoed complaints that the negative list is much too long. Even after a trim in July, it still restricts activities in 139 industries.

It is hardly encouraging that Mr Li, the most senior economic figure in China’s most powerful central administration in decades, cannot get his own bureaucracy to implement promised reforms with gusto. Turf battles among powerful regulators, such as the central bank and the banking supervisor, are one drag. Another is the ongoing crackdown on official corruption, which has made administrators reluctant to pursue bold policies that may later attract unwanted scrutiny.

On his visit, a frustrated Mr Li thundered that “companies should not be allowed to lose at the starting line due to excessive government regulations.” Quite so, but can he persuade mandarins to act?
[653 words]

Source: The Economist
http://www.economist.com/news/china/21623776-shanghai-free-trade-zones-frustrating-first-year-li-who-will-not-be-obeyed

TVXQashley

time2  1:40
time3  1:00
time4  1:49
time5  2:00
time6  2:56
time7  1:49


obstacle  3:43

14/10/16

cherry6891

43-05
Time2
Neiman unveiled its 2014 Christmas book which include luxury gifts and more experience items
Time3
Slot mods USA will create a customized raceway for race car fans and a gin lover may use the imperial shaker to prepare the cocktails
Time4
Heavy burden to 50's cuz they have parents to support and adult children who may still in the college.
Use the penalty-free 491k withdraw to pay for college fee
Time5
If u retire between 55-59,it is smart to roll ur employer-hold 401k into IRA ,by doing this a nearly 10% withdraw tax can be saved.
Help ur kids with retirement money but ask them take responsibility at the same time
Time6
Make a will to attorney and list ur bank account and password when u r retired
Priority mortgage before all ur debt but certain mortgage can deduct the interest.

The rest
It costs a lot to get standard home care and medicine after people get retired. It is smart to get LTCI which protects you against costly health cost

Obstacle
Li tries to make shanghai free zone as a record breaking milestone in which gold ,crude oil can be free traded. However,the progress of this project moves slow for certain reasons.

咚咚响叮当

time 2  01:50
Retailers make special Christmas shopping booklet to 1% exclusive custom to privide them luxurious service. This year, the service is focus on "experience".
time 3  01:04
some kinds of gifts.
this kind of gifts are sold every year, but they make the list to attract more custom.
they donate some profit to a foundation to support art workers.
time 4   01:30
it is important for the 50s to keep a healthy finances because they have to support both their children and thier parents. there are 7 ways to keep 50s' money safe.
the first method
time 5+6+rest  05:53
ways to keep your money safe
IRA, children, health care, mortage, overpositive expectation
Obstacle  03:12
LI makes financial reform. He open the Shanghai free trade zone. A large number of companies set up there. But the reform is not as successful as it seems.

andy_lxh

Pizza delivery man run for vote

Shaw Hok is a pizza deliver man who run for vote as a third party liberalnalism candidate.
The back ground of Shaw description: including job experience, why he likes pizza delivery, what he think about join the election
Shaw get 37% poll support?? Other political observer share their opinion about Shaw. The democratic and republic parties's

comments on Shaw's run.Which party's votes will be affected. What's Shaw's political perpective?
Shaw's run will benefit libertaral party.

Speed
TIME2 2M27S
P1:Retail giant -NM published a christmas commodity book which includes lots of luxury product.
P2:The book, which started from 1926, targets to really high-end consumers.
P3:One exp-travel and 5 star accomodation to some place
P4:Another exp. go for paris to join a party with long history.
P5:For house hold, it offers gift such as a tall sculpture.

Time3 1M53S
P1:
For racer, the gift list provides with XXX
P2:For hosting the cocktail party, it hold a very special mechanic.
P3:The real target to provide so many fansy gifts choice is to attract to customers to draw by stores.
P4:NM will donate part of its proceeds to fund the education.
P5:The donation's significance.

Time4 3M4S
P1:50s is crucial age for your retirment.
P2:40s and 50s are a sanwich generation with both kids and parent to support.
P3:50% 40s and 50s financially supports a kids and 15% need to support a parent.
P4:Financial experts' suggestion on how to avoid financial mistake.
P5:Avoid spend to much to support the charge of colleague.
P6:It is easy to get finnacial aid for education but hard to get aid for retirment.
P7:Methods to let kid easily get financial aids to their education.

Time5:3M14S
P1: There is a common mistake people make when they want to retire earlier
P2: IRA Program brief
P3: IRA program charges 10% penalty when u try to get 401K in your 55 age
P4: Financail expert recommends to take 401K in 59 1/2 to avoid penalty.
P5: Not to support your kids without any condition, such as offering rent to them in a long time, a mistake that makes parents hard to stop supporting.
P6: When kid faces difficulty and decide to move back, the parents should charge the kids something.
P7: The parents can return the money paid from kids when parents get enough preparation for retirement.

Time5:3M10S
P1: Don't hide your asset from your kids, tell them all necessary information, have the will in advance and many other ways.
P2: Pay others loan(such as house loan/credit card debt) before mortage debt.

punch [pʌn(t)ʃ] 详细»
n. 冲压机；打洞器；钻孔机
vt. 开洞；以拳重击
garnish ['gɑːnɪʃ] 详细»
n. 为增加色香味而添加的配菜；装饰品
n. (Garnish)人名；(英)加尼什
vt. 装饰
hefty ['heftɪ] 详细»
n. 体格健壮的人
adj. 重的；肌肉发达的；异常大的
adv. 强有力地；非常

Time6: 2M42S
P1: 401K balance reaches new high but considering with the high healthy expenditure, your preparation for retirement may be not enough
P2: Nursing cost a lot ($6700/Month) :1.get family member to take the tab. 2.need a long term heathly insurance (nursing not covered by medical insurance).
P3: LCT plan is a must for every retirement plan.
P4: Don't expect too much when u get retired.

Obstacle. TIME 4M52S
P1: Prime minister Li promised to accelarate the economic reform in any expense. The SH-Zone is a test of his promise.
P2: How's SH Zone works? Official report: 1. a success(data). 2. Booming of coporation.
P3: Offical stress on innovation, including some new business model (encouraging gold exchange). The SH zone will help coporation to set up new business.
P4: Chenbo acknowledges that the natiaonal wide refore is slow but that SH zone

松鼠奇奇大尾巴

掌管 6        00:03:40.55        00:12:09.01
Obstacle: The China’s prime minister, LIKEQIANG, promise launching the economic zone to slash the bureaucracy. However, the progress of zone is not as impressive as the China daily trumpeted. It still makes some helpful improvements. Some experts maintain that the project cannot work and other business men are disappointed about the zone. Even Li is not satisfied with the progress. There are two causes leading to this unwanted scrutiny. One is the battles between central banks and the bank supervisors, and the other is ongoing crackdown on official office.   
掌管 5        00:01:56.55        00:08:28.46
Then is that keeps your children informing your finances and do not prioritize the debt over other debt.
掌管 4        00:01:57.70        00:06:31.90
The second advice is if you retire early, it is no necessary to roll over the 401(k) into an IRA. The third is providing their kinds incentive to get their own place and do not let them always take advantage from you.
掌管 3        00:01:30.15        00:04:34.20
The financial problem is the crucial point in which people get into their 50s, so the first advice given to those people is that do not dig up into a 401k plan which can help your children get through the college.
掌管 2        00:01:14.00        00:03:04.04
There is an amazing cocktail machine using to host the ultimate party. More than half of the gifts on the book can be sold, and the some money will be donated to charity.
掌管 1        00:01:50.04        00:01:50.04
Luxury gifts and experience which are involved in a book on Christmas are does not come to cheap.

Stefan00

Time 2: 2’30 Christmas gift list. much more experiences. Several gifts including attend the academy reward, trip to Paris.
Time 3I didn't press the resume T.T) continue to list gifts one of which are gin maker. The purpose of making this list is to attract customers to visit the store. Some of the money will be donated to clarity for school.
Time 4:2’30 Some tips for people at 50s. Don’t withdrawal the 401 penalty. There are many ways for kids to pay their fee,but there are limited ways for 50s people to increasing their salary and saving.
Time 4 :2’38 How to get the money without a penalty. And how to more efficiently help adult kids or relative who need financial help .
Time 5: 3’07’’ Don’t tell your kids know what’s your financial statues. But tell them the accesses to your willing documents, digital accounts. Priority the mortgage debts so you don’t have to eat dog food when you are old.
Time 6: 2’35’’ The nurse housing care would cost a lot which even can’t be covered by Medicate. So people on the edge of retirement should sit down and see what they really have.

obstacle  6’21  introduce the start of reformed zone in Shang hai.  A year later, things does not go well. The development of the zone is slow and many banking supervisors and economists think it unworkable. Li showed unhappy when visited the zone. But there are some factors impeding the procedure. Maybe what Li said is right. But how can he let the things work?

xst_lee

吐吐yeah 发表于 2014-10-16 22:25
Part III: Obstacle

Li who will not be obeyed

3:04.88
A company always sends christamas card to its distinguished customers, and this year is a little bit different, since except orinary books, the list contains some other information like 5-star eating or some people's recommendation and interesting experience. For instances, you can meet with a Olivd in London, and receive fragment a few years later. Or you can attend the legendary Vanity Fair Academy Awards party, and do a shopping spree at the Beverly Hills.
2:22.38
A ensuastist may get a replicate of his favorate racetrack.
A party lover may be crazy with the gin.
About half of the items were sold each year. And the popous of this "publicity stunt" was to attract people to shop at a store assosiated with the sale of these fantasy items.
The owner of this company will donate a part of the proceeds to an assosiation which is established to help worldwide children in the communities to learn art, which is not the thing that was found by the school district.
4:00.41
People often consider that 50 is like a saddle of your whole life, you not noly need to support your child, but also responsible for taking care your parents, what's worse, you are on the way to retirement. The authod of one book mentioned 7 money mistakes people shouldn't make in your 50s.
The first one is letting your child to  apply for the loan, take part in pubilc or state program instead of entering private or out of state schools. What's more you can encourage your child to find a part time job to relief the financial burden.
4:31.67
4:53.16
You should let your child know your financial plan.
Do not treat your mortgage pior to other debts.
6:37 7:30 5:57.68
LI. KeQiang, the Chinese prime minster mentioned the importance of the reform.
The establishment of free trade port in Shanghai is an essential step. After the launch of the policy, millions of companies flooded in this narrow area. Most of them were requested by the officals to set up a branch there or waiting to see the change the benefit the city can bring. However, they are all diappointed. MR. Li was unhappy too, he even takes place the person who was in charged of this area before.
Some people believe since the whole country were on the way of reform and beating crupcy, it's very hard for the reform to continue in the Shanghai.