ChaseDream
标题: 【每日阅读训练第四期——速度越障22系列】【22-11】经管 [打印本页]
作者: 风随心动01 时间: 2013-7-27 01:25
标题: 【每日阅读训练第四期——速度越障22系列】【22-11】经管
大家好，周五经管来了~
今天的速度：Time 1、2是一篇， Time 3是一篇，Time 4、5是一篇。另外，Time 4、5文章涉及到了一些金融和法律名词，有一定的难度。建议读起来有困难的同学去原帖里看一看中文翻译，也许对理解文章有帮助。但是整篇文章讲述的事情并不难，还是希望大家挑战一下。
PS. 感谢yingjie版主和我换岗，yingjie是好人
[PART I: SPEED]
Article 1: check the title later
American Wine Producers Target China
[Time 1]
American wine producers are hoping to increase their sales in China, where the country's growing middle class is drinking wine. The United States exported just $74 million in wine to China last year, but exports are growing at a rate of nearly 20 percent a year.
Two years ago, former basketball star Yao Ming launched a wine company called Yao Family Wines. It is based in California's Napa Valley, one of the top wine producing areas in the world. Tom Hinde is with Yao Family Wines.
"We've made five vintages together. Actually, we're working on the 2013 right here. You can see that these grapes will be ripe sometime this fall, and we get to do it all over again."
Yao Family Wines is a small winery that produces a costly product. Tom Hinde says the vineyard grows only Cabernet Sauvignon grapes because many people in China like red wine. The winery's top cabernet sells for $625 a bottle.
Many moderately priced wines are exported to China, they including some from the San Antonio Winery in Los Angeles. Fifteen percent of its production goes to China.
The Wine Institute represents more than 1,000 wineries and allied businesses through California. Linsey Gallagher of The Wine Institute says her group is always receiving request from China. But she says the country is a problem for marketing.
(224)
[Time 2]
"They know a lot of the aspirational, iconic things about California, whether that's Hollywood in Southern California or the Golden Gate Bridge in Northern California or our previous governor, Arnold Schwarzenegger. By and large, they have no idea that California is the fourth largest wine producing region in the world and makes great quality wines at all price points."
Winemakers hope to expand the market for fine dry wines, including white wines, which are now a small part of the Chinese market.
Adam Beak of Bank of the West works with California winemakers. He knows they are competing with European companies, some of which entered the Chinese market many years ago.
"And they've developed a brand there. They've developed a name, especially for the French companies on the fine wine side, they're developed a real strong market presence. The U.S. is still in its infancy. "
But China's middle class is growing fast, Tom Hinde of Yao Family Wines is hopeful that more Chinese will develop a taste for imported wine.
"They'll want to drive certain cars, and they'll want to live in certain types of apartments and houses, and they'll want to wear certain clothes and enjoy certain types of wines."
And he hopes many of those wines will come from California.
Source: VOA
http://www.51voa.com/VOA_Special_English/american-wine-producers-target-china-51936.html
Article 2: check the title later
Why big bank revenue is at risk By Althea Chang |
[Time 3]
Some of the biggest consumer banks are most in danger of losing customers, and that could mean losing billions in revenue, according to a recent survey.
Citibank, Bank of America, Capital One and Chase are among the top banks at risk of losing accounts to competing banks, according to the 2013 Retail Banking Brand Vulnerability Report from consulting firm cg42, which surveyed more than 3,600 primary bank account holders.
Overall, nearly 10 percent of account holders are planning to switch banks, according to the survey.
"It is a big number and it’s certainly higher than historical rates, yet a little bit lower than what we saw in 2011," said cg42 Managing Partner Stephen Beck. "So there has been a cooling or dampening effect in terms of those folks that are ready to really make the move," Beck said.
In total, banks stand to lose $627 billion in deposits and ultimately $34 billion in revenue, according to the firm's estimates.
The top 10 banks together are expected to lose $92 billion in deposits and $5 billion in revenue, according to the survey.
Citibank ranks as the bank most vulnerable to losing customers, according to the cg42 report. It is expected to lose 11.4 percent of its customers to competitors in the next 12 months, which could lead to $1.5 billion in lost revenue, according to the report.
Chase is expected to lose 9.6 percent of its consumer banking customers, resulting in a loss of $3.2 billion in potential banking revenue in the next 12 months, according to cg42's estimates. And Bank of America stands to lose $2.5 billion in revenue as 10.5 percent of its customers defect.
Consumers reported being frustrated with their banks because they don't think they're offering competitive rates or pricing and they're hitting customers with hefty overdraft charges, the survey found. And about 63 percent of consumers surveyed said they believe that banks care only about their own interests and not the interest of their customers, according to the report.
Yet 57 percent of consumers say it's too much of a hassle to switch banks, according to the survey.
(352)
Source: Finance Yahoo
http://finance.yahoo.com/blogs/big-data-download/why-big-bank-revenue-risk-153520692.html
Article 3: check the title later
Not so fabulous: A symbolic prosecution beginsJul 20th 2013 | NEW YORK |From the print edition|
[Time 4]
1 THE list of individuals brought to trial for their part in the financial crisis is short. The list of big shots is non-existent. So it is the odd fate of Fabrice Tourre, once a mid-level employee at Goldman Sachs and now known as “the fabulous Fab”, to be a symbol of Wall Street greed.
2 Mr Tourre’s civil trial on charges of defrauding investors began on July 15th. There is no dispute that, in exchange for a $15m fee to Goldman, Mr Tourre helped Paulson & Co, a hedge fund, create a complex security named Abacus out of mortgage-backed bonds in order for the fund to profit from an anticipated collapse in the housing market. For Paulson it was a spectacular success; for those on the other side of the trade, not so much.
3 The legal issue at the heart of the case, which is being brought by the Securities and Exchange Commission (SEC), is whether the three investors that suffered losses—two banks and a mortgage-evaluation firm—understood the role Paulson played in the construction of a security it hoped would implode. The nine jurors will not be told that Goldman paid $550m to settle all charges related to Abacus in 2010. Their task is to judge whether fault lies with Mr Tourre.
(216)
[Time 5]
4 Mr Tourre’s attorney, Pamela Chepiga, quickly tried to set aside the infamous e-mail that gave Mr Tourre his nickname. The message, written in English and French to a girlfriend, referred to the fragility of financial markets, and to the “seul survivant potentiel, the fabulous Fab…standing in the middle of all these complex, highly levered, exotic trades he created without necessarily understanding all the implications of those monstruosities [sic]!!!” That e-mail had no direct connection to the Abacus transaction, argued Ms Chepiga. Its redacted form leaves out several disclaimers, notably the parenthetical phrase “even though there is nothing fabulous [about] me”.
5 The early testimony contained few surprises. A former Paulson employee, Paolo Pellegrini, testified that even getting a meeting with a firm willing to take the other side of a bearish trade on the housing market was hard. Paulson failed to enlist several banks before Goldman was able to line up clients. Even then an independent “portfolio selection agent” had to be included in the deal to reassure buyers about the value of the securities being used. Ultimately a company named ACA agreed not only to vet the selection of securities but to invest in Abacus as well. The SEC contends that ACA was misled about Paulson’s involvement. Nonsense, says Ms Chepiga.
6 Watching on is Mr Tourre, now a graduate student in economics at the University of Chicago. Having seen first-hand how markets work in practice, he presumably now wants to know how they work in theory.
(256)
Source: The Economist
http://www.ecocn.org/thread-194706-1-1.html
[PART II: OBSTACLE]
Article 4: check the title later
The triumph of low expectations: A world of low growth, risk aversion and regulatory uncertainty
Jul 20th 2013 | NEW YORK |From the print edition
“IT COULD have been worse” was the common refrain as American banks began reporting their second-quarter earnings. Indeed, the striking characteristic of the returns was their consistency. Big and small, local and national, lenders across the country have been benefiting from some common tailwinds. Legal settlements are becoming sparser; the economy is expanding, albeit feebly, and the housing market is recovering; auditors are pushing banks to keep releasing loan-loss reserves; and actual losses are trivial.
But avoiding disaster is not really cause for celebration. Consumers continue to shed debt; companies carry ever more cash. Banks’ pre-provision revenue growth is muted (see chart 1), and there has been no recovery in loan growth of the sort seen after previous recessions (see chart 2). This is so unusual that it may be unprecedented, says Michael Mayo, an analyst at CSLA, a securities firm, and it hardly suggests a good prognosis for the banking system. He predicts that the current decade will show the worst revenue growth for banks since the 1930s. Pricing and margins will inevitably tighten as a result.
In as much as borrowing activity has shifted from banks’ balance-sheets to the capital markets, some have benefited. The investment-banking arm of perpetually troubled Citigroup did well in the second quarter, as did the investment-banking arm of infrequently troubled Goldman Sachs. Underwriting and advisory revenues rose at both firms. Goldman reaped large gains from its own investments.
But Goldman’s return on equity was still barely in double digits. Its headcount is shrinking, not expanding. That is typically the single best indicator of an investment firm’s perspective on its prospects. Citi’s return on equity was well below Goldman’s, at 6.5%. Investors will not tolerate that sort of performance for ever. A major source of Citi’s revenue is in emerging markets, where conditions are deteriorating.
The likelihood that the overall banking environment will improve in the near future is low. Recent rises in interest rates, prompted by expectations that the Federal Reserve will start slowing the pace of asset purchases, will take a toll on mortgage refinancing, a source of revenue that has produced great gobs of money for banks in recent years. It is probably no coincidence that share prices for most financial institutions have flattened in recent weeks.
Regulators and politicians are still trying to suppress banks’ risk appetite, not whet it. American financial institutions are already expecting to hold more risk-weighted capital in order to conform with the international Basel 3 standards. Worried by the potential for banks to game the calculations that underpin these same risk weightings, regulators this month proposed a higher “leverage ratio”, a blunter measure of capital that reflects the overall size of a bank’s balance-sheet as well as its riskiness. The proposal calls for a 5% leverage ratio at the holding-company level, and 6% at the level of the bank, for the eight largest banks: Bank of America, BNY Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street and Wells Fargo.
The new numbers will require institutions to fund themselves with more equity, further diluting returns (at least in the short term). Although the notion of a strict capital ratio has its detractors, it has a good chance of being instituted, says Michael Poulos of Oliver Wyman, a consultancy, if only because it is simple. But by increasing the cost of funding for the big institutions, he warns, the rule may push them away from safer, low-priced products and towards riskier, higher-margin ones.
Bankers have not reacted vocally to the leverage-ratio proposal. That may be because they feared even harsher limits, or because they are keeping their powder dry for other fights. Lawmakers continue to circle the industry. In April two senators, Sherrod Brown and David Vitter, introduced a bill that would require the largest banks to increase their equity capital to 15% of assets. It was loudly applauded, and subsequently quietly ignored. On July 11th four senators proposed bringing back a version of the Glass-Steagall Banking Act of 1933 that separated commercial banking from investment banking. This idea has also garnered lots of praise and is also likely to be ignored, if only because of the practical difficulties involved.
Even if these legislative proposals go nowhere, the regulatory environment is poised to become tougher with the Senate’s approval on July 16th of Tom Perez as secretary of labour and Richard Cordray as head of the Consumer Financial Protection Bureau (CFPB). In his prior position at the Department of Justice Mr Perez was an influential advocate of the principle of “disparate impact”—the idea that lending policies can be discriminatory because of their outcomes, even if there is no intent to discriminate. His approval is a congressional endorsement of uneconomic lending.
Mr Cordray’s appointment unlocks broad powers for the newly established CFPB, including the ability to investigate and regulate the price and scope of financial products under a new and undefined “abusive” standard. Senate Republicans had vowed to refrain from approving Mr Cordray until changes were made to the CFPB’s underlying structure, so that less power was concentrated in a single director and its budget was made subject to congressional approval. Whatever concerns they had were abruptly waived. Perhaps, like many of America’s banks, they concluded that however bad things are, they could always be worse
(891)
Source: The Economist
http://www.ecocn.org/thread-193994-1-1.html
作者: 小鱼上树 时间: 2013-7-27 01:29
迅速抢占沙发！！！！！！！
22-11
1 224 1min05
The export rise 20% per year. Yao opened awine company in Cali to target the rich people. The producers get orders fromChina all the time but they have some concerns.
2 213 56s
Most people in China have no idea about thewine from California since a lot of French companies already earn a fame fortheir wine. The producers hope to target the mid-class group and open the Chinesewine market.
3 352 1min35
According to a survey, the top big banks likeCiti bank and Chase are at the risk to lose costumers and avenue because theythink the banks are not offering competitive interest rate and don’t care aboutthem.
4 216 1min13
5 256 1min28
奇怪的文章，不懂，貌似是说一个金融案子的律师啊证据啊过程嗒？
Obstacle 891 4min03
Data for the second quarter- the economy is gettingbetter-the growth of bank profit is still low-companies tend to hold morecapitals and invest consciously-the strict regulations are not released
作者: Lynsey玲 时间: 2013-7-27 01:39
TIME1 01:24
American wine producers are planing to increase marke share in China.Yaoming also produced wines.
TIME2 01:11
There is a competion for wine market in China and The Wine Group shows the problem it is facing.
TIME3 02:00
American banks are losing customers and its impact
on banks;Severalexamples are offered.
Obstacle 06:20
1.Release of Amercan banks second quarter earning,showing some recovery.
2.However,the problems still exist.
3.Banks show large gains from its investments,but low ROE.(Several examples)
4.It is not likely that the overall banking environment will improve.
5.Regulators take action to supress banks' activities.
5.The impact of these regulations on bank.
6.Bankers do not respond to the regulator's proposal & reasons.
7.Critism of Mr Cordray’s appointment
作者: 晓野的野 时间: 2013-7-27 01:45
前排！！！！！！！！！！！！！！！1
作者: bejamin1111 时间: 2013-7-27 01:51
lap1,1:24; lap2,1:07;
America wine producers are targeting at chinese market and are competing with their French counterparts.
lap3,1:45;
consumer banks are losing revenue because of decline in customers;
lap4,1:10; lap5,1:26;
很奇怪的文章，没看懂；
obstacle，5:06；
banks revenues are growing at a low pace. regulators have been discussing legislation to solve the problem. It is not that easy.
作者: diweiwang 时间: 2013-7-27 02:48
哈哈，又占到首页了~~~
0:54
0:55
1:00
1:02
0:58
5:11
作者: vicnan 时间: 2013-7-27 04:49
00 50 06
01 03 67
01 26 58
？
？
04 53 70
作者: nannanfeng 时间: 2013-7-27 04:51
占位 首页有没有了？ 
晚上来交作业
作者: gyb192483 时间: 2013-7-27 05:58
谢谢 风随心动01
Obstacle: 05‘09’‘
MI: the status of the bank in US and the prosposal to lower the bank risk
ATT: neutral
Structure:
==> the economy of US gets better, as a result the bank gets better
==> some banks can even boost their profit in some certain fields
==> but the US bank system is still not secured
==> some proposals are made to lower the risk of the bank bankruptcy
==> the leverage ration proposal is issued
==> although the banks do not like the proposals, but they don't reject considering the potential tougher regulations
==> somebody propose that the investment bank and the commecial bank be combined again, but it can not be carried out in view of the operational difficulity. And others also propose another solution, but it is also in vain
==> Mr Cordray’s appointment will limits the bank's power. Although the publican try to reject the appointment, they can not prevent it from happing. His appointment makes something bad even worse for the bank
Structure:
作者: lxskyfly 时间: 2013-7-27 07:28
好久不见心动~thank you so much!
TIME1 1:06
American has planned to increase the moderate costly wine sales in China formed as ally.(example:Yao Family Wines)
TIME2 0:56
Although faced with competition from europen wine corporations, those in US,especially in California can still expect a fine market foresight based on the growing wine mkt in China.
TIME3 1:34
- according to a recent survey, many banks are confronting a trendy of losing accounts from consumers, thus losing revenue seriously.
- the author points out what situation some of the banks who are involved, including Citibank, Chase, are facing by citing statistical data from the survey.
- why some many consumers refuse to account in such banks?-they are not paid enough attention compared with the banks' own interests.
TIME4 1:32
- the Wall Street new symbol of greed-the fabulous T
- T helps a hege fund to create a secrutiy to raise money, which makes him fabulous but not so much for the other side of the trade.
- the key issue lies in the law part-whether the sides of the trade know what role the hege fund(P) played in the trade.
TIME5 1:32
- an infamous email has been revealed, but it is taken as unconected to the case directly.
- the testimony is not processed at the early time.it's hard to get exact evidence except for a company called ACA, which is considered nonsense by the attourney.
- T is wathcing what progress the case investigation, expecting some practical application of the economica theories.
作者: xuexue22cn 时间: 2013-7-27 07:59
最最稀饭心动姐姐的文章了，这次的Ob我又复制了保存了，留着自己也后写报告用。谢谢！
time1 0:43 American wine producers are hoping to increase their sales in China, ao Ming launched a wine company called Yao Family Wines based in California's Napa Valley Many moderately priced wines are exported to China
time2 1:23 China's middle class is growing fast,the usa market is competing with European companies but the wine from us is still in its infancy.
time3 2:23
consumer banks are most in danger of losing customers, and lose revenue
time 4 3:19
time 5 2:46
Mr Tourre’s civil trial on charges of defrauding investors 实在回忆不出来了
ob 7:52
作者: glorious41 时间: 2013-7-27 08:26
早上好！
------------------------------------------------------------------------------
诶，今天爸妈来看我，于是该做的学习任务都开始延后了= =
22-11
time1:1'20/224
china is a potential market of wine and American wine producers are going to produce more wine for china
time2:1'17/
American wine has to compete with European wine, especially Franch wine,which is more attractive and famous than American wine
中国葡萄酒市场潜力很大，美国试图从中分一杯羹，但需要面对与早已在中国闻名遐迩的欧洲特别是法国葡萄酒的竞争。
time3:2'14/352
research shows that banks are losing their customers who complain banks' service, leading to decreasing deposit and declining revenue, especially Citibank ,Chase and Bank of American
银行正在普遍流失客户(他们认为银行不顾及客户利益），这带来了储蓄存款的流失和利润的下降。
time4:2'01/216
a leagal issue of Mr T and his client P&Co
time5:2'28/256
introduce some inverstation of this case (a letter to a girlfrient, ACA)
Tourre涉及华尔街金融诈骗案
obstacle:8’42/891
main idea: the economy of America
attitude:negative
structure: there are some problems in the economy
banks are facing with challenge which might lead to lower revenue
legislation cannot help the recovery of the economy
最后两篇看的虎头蛇尾的，罪过罪过。
作者: irvan 时间: 2013-7-27 08:29
打滚〜〜〜〜
作者: 特里凡得琅 时间: 2013-7-27 08:33
1‘02
00‘45
00’42
00’51
00’53
4‘05
作者: CheerTTTT 时间: 2013-7-27 08:42
第二页~~
速度
1:16
1:23
2:14
1:50
2:19
越障
7:41
作者: xiqiong 时间: 2013-7-27 09:04
1'20'' wine companies in US are going to boost their sells in China.
And yao family wine produces high price wines.
1'17'' wine producers in California hopes to boost their market in
China and they faces the competitors from Europe, whose wines have a long history
and brand influence in China now. But they have the faith to win a larger market.
2'07'' top banks are suffering from lossing a large portion of their customers who think
their banks' rates for pricing are too low and charges for service are too high.
2'11'' have trouble in understanding this section./
it tells us about the guilt of Mr Tourre,what he did, and the judgement of the court.
it contains a lot of terms so i really do not understant this article.
It just talks about a trail and its influence.
6' commercial banks says they lessen the loss in their second-quater. But there is no
really optimistic hope in future recovery and growth.
作者: 墩墩大人 时间: 2013-7-27 09:30
占~~~~~~~~~~~~~~
TIME 1
01;21;05
TIME 2
01;27;17
TIME 3
02;26;02
TIME 4
01;31;05
TIME 5
01;29;03
OBSTACLE
07；46；51
作者: dingdingtop 时间: 2013-7-27 09:49
20130727
T1: 1'06''55 (224 words)
More and more red wines from US and other countries exported to China as Chinese middle class grows. Yao Ming even started a wine factory based in California Napa Valley and targeted Chinese high level red wine market.
T2: 1'01''81
California, as world's 4th largest red wine producing region, is planning to exporting more and more red wines to China and trying to create their own brand. The winemakers have confidence as the middle class people in China is growing and trying to solidate their taste.
T3: 2'00''90 (352 words)
Top banks, like citbank, are losing customers sharply as customers think the banks don't care about customer's interests with low rates and high hefty overdraft charges.
T4: 1'08''80 (216 words) 没怎么看懂
Fabrice Tourre, a middle class employee in Golden Saches, was brought to court to be charged his fraud on Paulson's security.
T5: 1'24''21 (256 words)
The testification process of Mr. Tourre's case, including set aside a email to his girl friend and a testimony from a former Paulson employee. Mr. Tourre's now learning in Chicago University as a economic student.
Ob: 5‘13’‘23 （891 words)
Main Idea: Although IB's are getting better results than imagine this quarter, they should still be holding the risks of their products.
Attitude: Neutural
Structure:
- The business results shows that IB industry are getting better.
- But the risks are still being monitored and hold.
- Restricts on banks are still there and not released.
作者: 秋蚂蚁 时间: 2013-7-27 10:45
嘤嘤嘤，越障好难……
我辛辛苦苦打了那么多字，没有保存……然后然后就都没了
越障时间：05'41"
作者: 秋蚂蚁 时间: 2013-7-27 10:46
gyb192483 发表于 2013-7-27 05:58 
谢谢 风随心动01
Obstacle: 05‘09’‘
MI: the status of the bank in US and the prosposal to lower th ...
BTW看了你的结构回忆，很有帮助，以后学习你的回忆法，谢谢！！！
作者: 络小抽 时间: 2013-7-27 10:48
占座儿~
交半成品= =：
1. 1'31''
US wine makers export wines to China every year and the rate of exporting are growing.
Yao Ming and TH are also runing wine producing but only costly red wines since red wines appeal to Chinese.
However, LG from the Wine Instite says China is a problem for marketing.
2. 1'14''
The biggest problem is that Chinese know little abt California as a wine producing region. And US winers struggled to compete with European winers who entered into China many years ago. AB hopes that as the middle class in China is growing that fast, one day they would drink wines from US.
3. 2'01
US banks are facing a risk of losing consumers. Citybank is the most vulnerable one.
According to the survey, most of the consumers who quit said that the bank failed to offer decent rate but charged a lot.
However, there are still 57% of consumers stay in order to avoid a hassle.
摘录："So there has been a cooling or dampening effect in terms of those folks that are ready to really make the move."
4. 1'22'' 没怎么看懂= =~
bring to trial 审讯 审判某人
big shot 大亨 大人物
on charge of 被指控
civil trial 民事审判
先这样吧。。一会有时间再来琢磨琢磨剩下的╭（╯＾╰）╮
作者: yy20 时间: 2013-7-27 11:18
01:51 American wine companies are going to export their wines to China.Yao Ming launched a wine company in America and sale the wine to Chinese already.
01:30 Chinese do not know clearly that C is the forth larger wine product place in the world. American companies need to compete with European companies which have already had reputations in China. They want the Chinese middle class can drink more wines from US.
02:30 Top banks are losing consumers,which makes them lose revenue. Consumers......
02:12
02:13
07:15 Banks still have a lot of problems.But the investment banks have made revenues. Government encourage banks to take risks. ......
作者: kimwang53 时间: 2013-7-27 11:24
小鱼上树 发表于 2013-7-27 01:29
迅速抢占沙发！！！！！！！
这。。。。是要逆天吗。。。。
作者: AceJ 时间: 2013-7-27 11:45
zhan zuo!!
作者: Alined 时间: 2013-7-27 12:02
1 1:07.8
China is a quite big and continue growing market for the countries producing wines.
2 1:00.8
Wine producers want to expand the market for dry wines as well as white wines into Chinese market. Yao Family wines hope to let the growing middle class in China enjoy wines imported from California.
3 1:29.0
Some of big banks are in danger of losing their customers. Among them, Citibank faces the most serious crisis. Survey suggests that customers are disappointed to the in-competitive rates. Besides, the banks always care more about their own interests.
4 1:03.9
FT is known as the symbol of WS greed.
T was accused by defrauding investors.
The core of the case is whether the three investors suffered losses.
这是什么....严重回读....简直又回去精读了一遍才能写出来
5 1:29.0
T's attorney set aside T with an e-mail, which is related to this case.
There still several surprises uncovered.
T, who is a graduate student in economic, now totally understand how the markets work.
Obstacle 4:12.8
The situations of the banks in the U.S. is getting worse, and can be further worse.
The proposal was raised to lower the bank risk.
Customers now won't undergo the in-competitive benefit the banks provide.
经管文是一生之痛，尤其是这种银行的……一会儿要再精读……
作者: 饼干小熊 时间: 2013-7-27 12:04
T1~T2 00:01:55.71 00:01:55.71
T3 00:01:28.94 00:01:28.94
T4~T5 00:01:30.77 00:01:30.77
O 00:03:08.50 00:03:08.50
作者: chudewen 时间: 2013-7-27 12:34
1:40
China imported wines increased by 20 percent last year.
and Yao ming also opened a small winery in American and sold dear wines.
1:30
American Canifolia is the forth biggest producing region in the world.
but it has the strong competitors from European country.
but the sellers from california still have confidence in their bussiness in China, because
chinese middle class is increasing very fast and hope to have their own lifestyle.
2:20
According to a survey, the top 10 biggest banks in America will lose their customers in the next 12 monthes
The main reason is that customers consider that bank does not care their benefit and charge their hefty overdraft money
1:37
2:20
7:30
作者: ioioke 时间: 2013-7-27 12:40
1, 1:42
2, 1:33 more and more red wine export to China
3, 2:52 some banks are most in danger of losing customers.
4, 1:43
5, 2:53
6, 9:48
作者: iriswtzhang 时间: 2013-7-27 12:45
楼主辛苦啦~
读obstacle的时候发现自己读到和银行什么相关的词时候很懵。。
感觉字都是认识的 拼在一起就不认识了TOT
SPEED
[1]
1.12.22
there's a growing need for red wine in China. the exports of wine from Ame to China is increasing but China may be a place with problem to market.
[2]
1.26.88
wine sellers hope Chinese consumers know more about wine from california and develop a habit of buying imported wine.
[3]
1.45.32
survey showed many banks are losing clients. main reason: banks are only concerned about their own interests.
[4]
0.53.17
trial of Mr. Tourre about fanancial crisis in Ame.
[5]
1.04.07
OBSTACLE
4.23.42
作者: kidsu1991 时间: 2013-7-27 15:20
多谢楼主～～
Time 1: 3'23''2
Although America exported wine to China increase 20 percent last year, but they think China is a problem for marketing.
Time 2:1'58''09
The winemakers from America hope China to consume more wines from California.
Time 3:5'49''7
The 42cg report has shown that some of the biggest consumer banks are most in danger of losing customers, and that could mean losing billions in revenue.
TIme 4:5'19''0
This passage is talk about a mid-level employee at Goldman Sachs defrauding investors.
Time 5:5'57''8
Obstacle:11'33'9
作者: chaos1026 时间: 2013-7-27 17:36
time1 1min06s
time2 58s
time3 1min35s
time4 1min05s
time5 1min23s
obstacle5min26s
作者: janeshu 时间: 2013-7-27 17:52
TIMER1 00:01:21
the amercian wine producer is exploreing chinese wine market.
TIMER2 00:01:03
the califonia try to export more wine to china due to the boomming of chinese middle class
TIMER3 00:01:33
Some primary banks will lose it consumer in the near future and thus they will lose despoit and revenue .
Consumer think the banks only care about their own interests.
TIMER4 00:01:26
T default investors and is under trial.
TIMER5 00:01:21
T's trial
OBSTACLE 00:05:03
作者: Victoriagirl 时间: 2013-7-27 21:09
01:31:61 America export wines to China,and Yao owns his wine company in the country.
01:34:92 Many French wine companies complete with local wine companies in California
02:11:84 Many banks in America are losing their revenues and deposits.
01:23:56 困惑，不知道说什么
01:30：26
06：12:57 The economy in America is not good.Banks is worse,and it will getting worse in the future.
作者: 风随心动01 时间: 2013-7-27 21:54
小鱼上树 发表于 2013-7-27 01:29
迅速抢占沙发！！！！！！！
小鱼您真是太强大了~~我是凌晨一点发的呀，凌晨一点~~
作者: 风随心动01 时间: 2013-7-27 21:58
xuexue22cn 发表于 2013-7-27 07:59
最最稀饭心动姐姐的文章了，这次的Ob我又复制了保存了，留着自己也后写报告用。谢谢！
time1 0:43 America ...
知道有同学喜欢我找来的文章什么的，实在是太。。。太。。。太有成就感了！！！
谢谢你的喜欢
，如果有不足请多指教啦~~
BTW 经管三人组另外两名成员，yingjie和小杀妹的文章也都是很有意思哦~~
作者: 风随心动01 时间: 2013-7-27 22:05
络小抽 发表于 2013-7-27 10:48
占座儿~
交半成品= =：
是的，这次速度的最后一篇是有一定难度的，主要是因为涉及了一些金融和法律的专业名词。
同学如果有兴趣可以去原帖里看一看中文翻译，应该对理解这篇文章有一定的帮助~~
作者: Cri倩 时间: 2013-7-27 22:31
50“ the expanding wine market of china and winemakers want to go into this market
48" the fact that Chinese people still know little about wine
1'20" how the consumer banks perform
50" new symbol of greed in wall street -- t
1' more information about the case
以为按了计时键，结果原来没按到＝＝。
introduces the fact that banks do better than expected but are still losing money and the losses are trivial
the fact is serious and banks face challenges
restricts on banks don't work
作者: 小熊要考G 时间: 2013-7-27 22:54
time 1 01:01
time 2 01:10
time 3 01:50
话说后面两篇好难。。没看的很懂。。。。
作者: Extremo 时间: 2013-7-27 23:31
谢谢~~~
Speed
[time1]1:59mins
The wine consumption in China experiences an increase trend. As the middle class in China have been increasing nowadays.
[time2]1:17mins
California industries hope to develop their products of fine dry wine or white wine and export them to China. -- They face some competitors all over the world(Europe countries ...) -- they are still in the infancy.
[time3]1:42mins
There is a trend to switch the bank in America..-- Some top banks face the same difficulties -- losing customers and lose revenue from customers -- so they .. Switch banks.
Surveys indicate that some people hold the idea that the banks only care about their own interest rather than take consumer’s deposit rate into consideration.-- They feel unsatisfied with current banks.
Others tend to believe it is hard for banks to switch....
[time4]00:59mins
Three examples about the current bank operation.
1.The middle employees could inflect the situation of one bank.
2.The managers in one bank think one of his word was success while others does not care it too much.
3.The customers always care about the results rather than the process about what bank do for them .
[time5]...
4.Some editor write the some email to complain about the vulnerable economy.
5....
6.Some students doing researches about ‘how market work’.
Obstacle
[time] 5:58mins
The economic situation will becomes worser than present is. Although some laws and policies have been put into effect.
作者: lolitagrace 时间: 2013-7-27 23:55
1'30
The sales of wine is increasing in China, moreover, the author takes a Yao Family winery as an example
2-1'22
The hopes of wine is in China
3-1'58
The report reveals banks are losing their customers and resulting the revenue is falling.
4-1'51
5-1-46
Obstacle-8'06
The earning of banks are worse than before.
The regulator and lawmakers try to suppress the situation, however, the policies always are applause loudly and quiet ignore. So the regulation to banks always are however bad things, they could be worse
作者: carolinekrl 时间: 2013-7-28 00:26
一不小心把计时器关了！！记录都没有了，大致看了下越障可能有10min吧。。。
昨晚断网了 没有跟上！太罪恶了。今晚依旧没有进步
作者: 小鱼上树 时间: 2013-7-28 06:55
风随心动01 发表于 2013-7-27 21:54
小鱼您真是太强大了~~我是凌晨一点发的呀，凌晨一点~~
嘿嘿，时差党的优势啊~
作者: qiuhao871227 时间: 2013-7-28 11:15
Time1
1'44''
Many grape wine are sold to China.But there is a problem for marketing.
Time2
1'21''
The American wines are of good quality.But the U.S. is still in its infancy.
They want to expand the Chinese market.
Time3
1'52''
Some of the biggest consumer banks are most in danger of losing customers,and that could mean losing billions in revenue.
Time4
1'16''
Mr Tourre was charged for defrauding investors.
Time5
1'46''
Mr Tourre's attorney defende Tourre.
Obstacle
6'52''
Altough the U.S. economy has been recovered,there is still problem.
The likelihood that the overall banking environment will improve in the near future is low.
And regulators and politicians are still trying to suppress banks's risk appetite,not whet it.
Perhaps like many of Amercan banks, they coucluded that however bad things are,they could always be worse.
作者: caichenha 时间: 2013-7-28 16:48
掌管 6 00:09:14.61 00:20:56.28
掌管 5 00:02:44.39 00:11:41.67
掌管 4 00:02:15.77 00:08:57.27
掌管 3 00:02:55.07 00:06:41.49
掌管 2 00:01:52.55 00:03:46.42
掌管 1 00:01:53.86 00:01:53.86
作者: gyb192483 时间: 2013-7-28 20:35
秋蚂蚁 发表于 2013-7-27 10:46
BTW看了你的结构回忆，很有帮助，以后学习你的回忆法，谢谢！！！
我这也是跟小分队的前辈学的。不客气啊
作者: moniquez 时间: 2013-7-28 20:49
SPEED
T1 1'12 American wine producers tend to increase their sales in chinese middle class, example Yao Wine Family
T2 1'28 California wine makers compete with European wine producers who come in chinese market much more earlier, but still hope they can gain market shares.
T3 1'52 Many American banks are in danger of losing customers and revenue in coming years, according to survey, the customers consider to switch banks because less attractitive rates the banks offer and customers' interests are ignored by banks.
T4 54''
T5 58''
OBSTACLE
T6 6'29
-American banks report earning of second quarter is recovery but analyst predicts current decade will face worst revenue growth for banks and the banking environment will improve in near future is low.
-Regulators take some actions to react.
作者: 铁板吗啡 时间: 2013-7-28 22:56
越障没看懂然后睡着了。
1'24
1'15
2'08
1'07
1'23
6'17
作者: lisa_chan 时间: 2013-7-29 03:10
啊啊啊啊～～～一天补三天的作业不是人的干活
Sunday补作业22－11经管
Time1- 0‘55”[224]
Time2- 0‘48”[]
Time3- 1‘25”[352]
Time4- 0‘58”[216]
Time5- 1‘04”[256]
越障
Time6- 4‘31”[891] 这篇文章感觉不好懂。。。
1. 说现在经济好起来了，但是还是不尽人意。
2. 那么到底要怎样预防经济危机呢？
3. 讨论银行方面的问题，有哪些哪些
4. 然后新的规定要求银行要增持equity到15％
5.讨论新的规定。。。。
作者: lminj 时间: 2013-7-29 11:11
1'19 the demand of red wine in china has been increasing these years ,and as a result, the red wine export from american to china
is expected to increase next year. One of the costly red wine brand is the yao family red wine owned by the basket ball yao,who
says the production will increase.(also, more and more groups in american receive request of the
red wine from china)however, there is a problem of country market.
1'08 the brand and fame of California red wine is not well-known as other things by chinese. ***want to increase the dry wine in Ca,including
white wine sales as well. however, the Ca producers face the fierce competition from European who have entered into the china market
several years ago, the wine maker in Ca hopes the Ca red wine will be famous and its salse will increase a lot.
1'33 many consumer banks are losing more and more costmers ,creating a huge loss in revenue.some famous banks experience the consumer swithching caused by
the fact that they think those banks have weakness in pricing etc.,and they only focus on the interest in the consumers themselves.
amony these banks ,the CIti and chase are taken for instances. however, there are still some percent of consumers thinks it is a hassle of
switching the banks.
1'14 the trial of mr. T is the focus in the wall street. Mr.t helped P make profits from the collapse of the housing market,
the controversy is whether mr.T is fraudulent.
1'40 the attorney of T publiced a email wrote by T to his grilfriend, in this letter, T is suspected that he use parentherical words
to convey some thoughts about the finance market.
5'03 ( the early testimony were surprised)a student in ** was curious about T how to fraud in this case.(how they work in theory)
the earning in banks is worse and worse in these years, and as a reult, the earning in captial market is increasing, but the
equity of investing firms is low and it will affect the near future. some banks choose to neglect? risks
. banks need to increase their equity. to regulate the current banking problems, sb proposed a "lever ratio"
reflect risk and equity(?), but this method has its difficulties. some low maker try to use the
regulations to solve it ,and this abusive standard is (？)
作者: 铁板神猴 时间: 2013-7-29 16:48
1'02''
55''
1'31''
1'02''
1'24''
5'55''
作者: anmeda117 时间: 2013-7-29 21:13
1'47"
1'27"
2'04"
1'26"
1'37"
5'33"
作者: flonacui 时间: 2013-7-29 21:59
1'51''
America targeted China as their wine export receivers. People in China become increasingly interested in drinking wine.
1'13''
People in China are intereated in iconic American things, but wines did not as popular as other things. Compared with European, American is in their infancy, however, the middle class in China has increased. Adam hopes that California wine could have a market in China.
2'45''
According to a survey, some of the biggest banks are about to lose customers, and thus lose revenues. Some people choose to change their banks because they think the current bank did not offer them good rates and instead cared only about the bank's profits. There are also some people think that it is too hasty to change banks now.
2'00''
Somebody named F T commited a crime about helping a hedge fund company to illegally gain lots of profits using the collapse of the housing market.
1'53''
没太懂什么意思
作者: AceJ 时间: 2013-7-31 20:43
Homework:
American Wine Producer Target China
Time1: 1'19'' wine producers in US want to export wines to China; Yao's red wine valley in CA; marketing is difficult in China
Time2: 1'09'' China has no idea that CA is the fourth biggest wine producer in the world; they have to compete with French; growing middle class is the target market.
Why big bank revenue is at risk
Time3: 1'50'' a survey finds that nearly 10 percent of holders are going to change their bank, influencing top banks in deposits and revenues
Not so fabulous: A symbolic prosecution begins Jul 20th 2013
Time4: 1'39'' 3 financial firms - two banks and a mortgage-evaluation firm - conducted a crime and jurors were judging whether fault lies with Mr T
Time5: 1'40'' I don't understand it
The triumph of low expectations: A word of low growth, risk aversion and regulatory uncertainty
Time6: 6'55'' "it should go worse" become a symbol of bankers; finance doesn't recover as thought; regulators made some regulations; ….
作者: kimwang53 时间: 2013-7-31 22:36
...............
作者: 鸢尾yuanwei 时间: 2013-8-1 17:10
谢谢心动~~~~~~
0’59
1‘11
1’53
1‘23
2’00
作者: wensd1111 时间: 2013-8-4 19:34
1 A 01:04
2 A 00:59
3 A 01:34
4 A 01:28
5 A 01:18
6 A 05:57
作者: wangziann 时间: 2013-8-7 09:40
1-224-53''
The wine US exported to china have grow by 20% last year for more and more middle class start to drink wine.
Yao Ming launch a wine company based in California's valley, exporting costly product to china.
vineyard 葡萄园
2-***-59''
For US winery, they should face fierce competetion with European ones in chinese market, but they believe chinese middle class will develop a taste for improted wine and they have chance to get the market share.
3-352-1'26''
Some biggest consumer banks are expriencing customer losing according to a cg42 survey.
Some of the consumers switch the bank because they think the banks can not offering compeitive rates and do not care about their cunstomers.
overdraft 透支
作者: yhspark 时间: 2013-8-7 23:42
速度
1'13
1'06
1'53
1'15
1'27
越障：
4'50
一到经管的就头大，不知对不对
--银行认为情况 could have been worse
--some banks benefited recently
--some not. e.g.Goldman
--it's difficult to recover
--government offers aid
--banks show hesitance even with the hope
--FLAWs in policies: power too concentrated
作者: kimwang53 时间: 2013-8-8 19:08
1.59
1.26
2.05
1.21
1.32
作者: dorisxxy 时间: 2013-8-18 23:48
Time1---1’15”
Time2---1’15”
Many California wine companies launch business in china which will have a bigger market soon, including Yao’s company. Some people predict that Chinese market will be competitive but Yao’s company is confident to beat it.
Time3---1’55”
Several leading banks are losing customers and then they will lose revenue. The author provided data from customers and banks.
Time4---1’29”
Time5---1’58”
Weired !! The lawsuit of the ceo of FAB
Obstacle---5’41”
Even though banks have recovered in the Q2, expert still doubt their future.
The likelihood that the overall banking environment will improve in the near future is low
Regulators and politicians are still trying to suppress banks’ risk appetite, not whet it.
Bankers have not reacted vocally to the leverage-ratio proposal.
作者: 聪明的大蒜 时间: 2013-8-31 15:00
哎~第一次好慢~1“50 1”57 2“20 2”12 2‘00 8“00
作者: wensd1111 时间: 2014-7-24 23:58
1 A 01:31
2 A 01:12
3 A 01:56
4 A 01:17
5 A 01:27
6 A 06:03
banking performened variously good or bad, samll or big, and so on. but the policy maker and regulation require bank do more to ensure that they willl nor fall in the future.
作者: elenaknight 时间: 2015-1-9 10:00
1.
China is a big market for exporting wine. Eg.
2.The chinese market is a little hard to market because the europe is competing and chinese don’t know CA has good wines .but they have confident because of the growing middle class population.
3.People want to switch banks from the big banks which would make them lose a lot of money .because they think the bank only care about their own interest.
4.FT is being sued on the court for the wall street fall for a company. The jurors have to judge whether the fault is on FT.
5.there is a letter revealed how FT got his nickname.there was a paulson employee come to testify that Goldman connected them to the customer and misled the ACA to the action. the layer refused the charge. FT now know the practical side of finance and now he wants to know more about the theory side.
ACA is at fault for vet the Paulson company.
6.The return and profit in the large banks are low and it doesn’t seems like it will get any better in the future.the regulators are become more severe .
| 欢迎光临 ChaseDream (https://forum.chasedream.com/) |
Powered by Discuz! X3.3 |