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Directions: Study the picture carefully and write an essay in which you should: 1) describe the car...
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Directions: Studythepictureabovecarefullyandwrite
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Directions: Studythefollowingpicturecarefullyandw
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UruguayhasbeenaproudexceptiontotheprivatizingwavethatsweptthroughSouthAmericainthe1990s.Itsstate-ownedfirmsaremoreefficientthanmanyoftheircounterpartsinArgentinaandBrazileverwere.In1992Uruguayansvotedinareferendumagainstprivatizingtelecoms.TheyrightlyobservethatsomeofArgentina’ssalesweresmashedcreatinginefficientprivatemonopolies.Andwithunemploymentat15%nobodyisenthusiasticaboutthejobcutsprivatizationwouldinvolve.ThatleavesPresidentJorgeBatllewithaproblem.UruguayhasbeeninrecessionforthepasttwoyearsmainlybecauseoflowpricesforitsagriculturalexportsandbecauseofArgentina’swoes.Butpublicdebtisat45%ofGDPandrising.Someeconomistsarguethatprivatizationwouldgiveaboosttotheeconomybyattractingforeigninvestmentandbyloweringcosts.CERESathink-tankhavingcomparedtariffsforpublicservicesinUruguayanditsneighborsbelievesliberalizationcouldsavebusinessesandhouseholdstheequivalentof4%ofGDPannuallyraisegrowthandproduceanet45000jobs.Thepollsthatshowcontinuingsupportforpublicownershipalsoshowgrowingoppositiontomonopolies.SoMr.Baffleplanstokeepthestatefirmsbutletprivateoneseithercompetewiththemorbidtooperatetheirservicesundercontract.TheoppositionBroadFrontandthetradeunionsareresisting.Theyhavegatheredenoughsignaturestodemandapublicconsultationnextmonthonanewlawtoallowprivateoperatorsintheportsandrailways—areferendumonwhethertoholdareferendumontheissue.AlbertoBensionthefinanceministeradmitsthevotewillbeacrucialindicatorofhowfarthegovernmentcanpush.Buthenotesthatsince1992attemptstooverturnlawsbycallingreferendumshaveflopped.Theliberalizationoftelecomshasalreadybegun.BellSouthanAmericanfirmisthefirstprivatecell-phoneoperator.Thereareplanstolicenseothersandtalkofallowingcompetitionforfixed-linetelephones.AnewlawallowsprivatecompaniestoimportgasfromArgentinatogenerateelectricityincompetitionwiththestateutility.AnotherplanwouldstripAncapthestateoilfirmofitsmonopolyofimports.Ithasalreadybeenallowedtoseekaprivatepartnertomodernizeitsrefinery.Hardertaskslieahead.Thestate-ownedbanksareburdenedwithproblemloanstofarmersandhomeowners.AndMr.Batlleshowsnoappetiteforcuttingthebureaucracy.Afterayearinofficethepresidentispopular.Hehascreatedacross-partycommissiontoinvestigatedisappearancesduringUruguay’smilitarydictatorshipof1976-85Theunionsareweakenedbyunemployment.AtCERES.ErnestoTalviarguesthatMr.Baffleshouldnotehisownstrengthandpushaheadmoreboldly.ButthatisnottheUruguayanway.WhichoneisTRUEaccordingtothepassage
HealthysodaThatmaystrikesomeasanoxymoron.ButforCoca-ColaandPepsiCo.it’samarketingopportunity.Incomingmonthsbothcompanieswillintroducenewcarbonateddrinksthatarefortifiedwithvitaminsandminerals:DietCokePlusandTavawhichisPepsiCo’snewoffering.Theywillbepromotedassparklingbeverages.Thecompaniesarenottailingthemsoftdrinksbecausepeopleareturningawayfromtraditionalsodawhichhasbeenhurtinpartbypublicityaboutitslinktoobesity.Whilethesodabusinessremainsa$68billionindustryintheUnitedStatesconsumersareincreasinglyreachingforbottledwatersparklingjuicesandgreenteadrinks.Irr’2005.themountofsodasoldinthiscountrydroppedforthefirsttimeinrecenthistory.Eventhedietsodabusinesshasslowed.Coca-Cola’schiefexecutive.E.NevilleIsdell.clearlyfrustratedthathisindustryhasbeensingledoutintheobesitydebateinsistedatarecentconferencethathisdietproductsshouldbeincludedinthehealthandwellnesscategorybecausewithfewornocaloriestheyarealogicalanswermexpandingwaistlines.DietandlightbrandsareactuallyhealthandwellnessbrandsMr.Isdellsaid.HeassertedthatDietCokePluswasawaytobroadenthecategorytoattactnewconsumers.TomPirko.presidentofBevmarkafoodandbeverageconsultingfirmsaiditwasajoketomarketartificiallysweetenedsoftdrinksashealthyeveniftheywerefortifiedwithvitaminsandminerals.Researchbyhisfirmandothersshowsthatconsumersthinkofdietsoftdrinksastheantithesisofhealthyhesaid.TheseconsumerscommentonputtingsomethingsyntheticandnotnaturalintotheirbodieswhentheyconsumedietcolasMr.Pirkosaid.Andinthemidstofahealthandwelfareboomthatain’tgood.Theideaofhealthysodaisnotentirelynew.In2004CadburySchweppescausedastirwhenitunveiled7UpPlusalow-caloriesodafortifiedwithvitaminsandminerals.LastyearCadburytriedtoextendthehealthyhalooveritsregular7Upbrandbylabelingit100percentnatural.Butthecompanychangedthelabelto100percentnaturalflavoraftercomplaintsfromanutritiongroupthataproductcontaininghigh-fructosecomsyrupshouldnotbeconsiderednaturaland7UpPlushasfloundered.ThenewfortifiedsoftdrinksearnedgrudgingapprovalfromMichaelF.JacobsenexecutivedirectoroftheCenterforScienceinthePublicInterest.anutritionadvocacygroupandfrequentcriticofregularsoftdrinkswhichithaslabeledliquidcandy.AsurveybyMorganStanleyfoundthatonly10percentofconsumersinterviewedin2006considereddietcolasahealthychoicecomparedwith14percentin2003.Furthermore30percentoftheconsumerswhowereinterviewedlastyearsaidthattheywerereluctanttodrinkbeverageswithartificialsweetenersupfrom21percentin2004.TomPirko’sattitudeonpromotingthesoftdrinksashealthyis______.
America’sFederalReservecutinterestratesbyanotherquarter-pointto3.75%.WallStreetwhichhadbeen1forasixthhalf-pointcutwasdisappointed.TheDowfellby2%2theweek.Thepastweek’seconomicstatisticsgavemixedsignals.Exportsdroppedby2%inbothMarchandAprillargely3adeclineinhigh-techinvestment4;themerchandise-trade5widenedto$458billioninthe12months6April.7theConferenceBoard’sindexofconsumerconfidencewashigherthan8inJune. Concerns9inflationintheeuroarea10.Preliminarydata11thatGermanconsumer-priceinflationfellto3.1%intheyeartoJunefrom3.5%inMay;wagegrowth12to1.4%inAprilarealpaycutof1.5%.SomeeconomistsfearthatGermanyisonthe13ofrecession.TheIFOindexofbusinessconfidencedroppedmore14thanexpectedinMayandtheinstitutehascutitsforecastofGDP15thisyeartoonly1.2%well16theGermangovernment’sforecastof2%. Theeuroarea’scurrent-accountdeficitnarrowedto$30billioninthe12monthstoApril.Britain’sdeficitinthefirstquarterwasitssmallest17199818recordinvestmentincome. TherewasmorebadnewsfromJapan19retailsalesinlargestoresfellby3.2%inMaythe37thconsecutivemonthlyfall.Theyenfell20thedollartouchingalmostYen125ononepoint. Readthefollowingtext.ChoosethebestwordsforeachnumberedblankandmarkA.BCorDonANSWERSHEET1.20
EvenattheVatican.notallsacredbeliefsareabsolute:Thoushaltnotkillbutwarcanbejust.Nowbehindthequietwallsaclashisshapingupinvolvingtwopolesofnearcertainty:thechurch’slong-heldbanoncondomsanditsadvocacyofhumanlife.TheissueisAIDS.ChurchofficialsrecentlyconfirmedthatPopeBenedictXVIhadrequestedareportonwhetheritmightbeacceptableforCatholicstousecondomsinonenarrowcircumstance:toprotectlifeinsideamarriagewhenonepartnerisinfectedwithH.I.V.orissickwithAIDS.Whateverthepopedecideschurchofficialsandotherexpertsbroadlyagreethatitisremarkablethatsodelicateanissueisbeingtakenup.ButtheyalsoagreethatsuchaninquiryislogicalandparticularlysignificantfromthispopewhowasPopeJohnPaulII’sstrictenforcerofchurchdoctrine.Insomewaysmaybehehasgotthegreatestcapacitytodoitbecausethereisnodoubtabouthisorthodoxysaidthe.Rev.JonFulleraJesuitphysicianwhorunsanAIDSclinicattheBostonMedicalCenter.Theissuehassurfacedrepeatedlyasoneofthemostcomplicatedanddelicatefacingthechurch.ForyearssomeinfluentialcardinalsandtheologianshavearguedforachangeforcouplesaffectedbyAIDSinthenameofprotectinglifewhileothershavefiercelyattackedthepossibilityasdemotingthechurch’slongadvocacyofabstinenceandmaritalfidelitytofightthedisease.ThenewsbrokejustafterBenedictcelebratedhisfirstanniversaryaspopearelativelyquietpapalyear.Buthedevotedhisfirstencyclicaltolovespecificallybetweenamanandawomaninmarriage.Indeedwithregardtocondomstheonlychangeapparentlybeingconsideredisinthespecificcaseofmarriedcouples.ButanychangewouldbeunpopularwithconservativeCatholicssomeofwhomhaveexpresseddisappointmentthatBenedicthasdisplayedasofterfacenowasdefenderofthefaiththanhedidwhenhewasstillCardinalJosephRatzingerthepapaladviser.It’sjusthardtoimaginethatanypope—andthispope—wouldchangetheteachingsaidAustinRusepresidentoftheCultureofLifeFoundationaCatholic-orientedadvocacygroupinWashingtonthatopposesabortionandcontraception.Itistoosoontoknowwherethepopeisheading.FarlesscontentiousissuescantakeyearstoinchthroughtheVatican’snexusofbeliefandbureaucracyprayerandpoliticsandCardinalJavierLozanoBarraganthepope’stopaideonhealthcareissuesandotherofficialsdeclinedrequestsforinterviews.Thisissueissocomplicatedbecause______.
TothepeopleoftheBijagosarchipelagothesharkissacred.In1ceremoniesyoungmenfromtheseislands2thecoastofGuinea-Bissaumustspearasharkandpresentthelivertotheir3Butcanthisancientceremony4theeconomicfactthatabowlofshark’sfinsoupcancost$150intheFarEast InthearchipelagoandallalongWestAfrica’scoastsharksarebeing"finned"to5Fishermencanearn$50-806akiloofsharks’fins.farmorethanordinaryfish.Bythetimethey7theFarEasttheycouldbe8$500akiloormore.valuable9aphrodisiacsaswellasforgourmets. Thehighdemandis10sharkpopulationsinWestAfricaandelsewhere.Mostfish.vulnerableto11eatenbybiggerfishprotecttheirspeciesbylayingmillionsofeggs.Butthesharkhasnonaturalenemy12man.andgivesbirthtojusta13ofyoung.14femalesharksareoftencaught15pregnanttheresulthasbeenpredictablydisastrous.Shark-likesawfishwhicharealso"finned".arealreadyvirtually16offtheBijagosislandsandguitarfishare17threat. InsomepartsofWestAfricawhensharksandothersimilarfishhavebeenfinnedtherestofthefleshisoften18saltedandexportedtoplaceslikeGhanawherethereisa19forlt.Driedsharkisusedmuch20astockcubewouldbeelsewhere.ButintheBijagosislandswheretradersareuninterestedinexportingdriedsharkcarcassesareoftenlefttorotonthebeach. 2
America’sFederalReservecutinterestratesbyanotherquarter-pointto3.75%.WallStreetwhichhadbeen1forasixthhalf-pointcutwasdisappointed.TheDowfellby2%2theweek.Thepastweek’seconomicstatisticsgavemixedsignals.Exportsdroppedby2%inbothMarchandAprillargely3adeclineinhigh-techinvestment4;themerchandise-trade5widenedto$458billioninthe12months6April.7theConferenceBoard’sindexofconsumerconfidencewashigherthan8inJune. Concerns9inflationintheeuroarea10.Preliminarydata11thatGermanconsumer-priceinflationfellto3.1%intheyeartoJunefrom3.5%inMay;wagegrowth12to1.4%inAprilarealpaycutof1.5%.SomeeconomistsfearthatGermanyisonthe13ofrecession.TheIFOindexofbusinessconfidencedroppedmore14thanexpectedinMayandtheinstitutehascutitsforecastofGDP15thisyeartoonly1.2%well16theGermangovernment’sforecastof2%. Theeuroarea’scurrent-accountdeficitnarrowedto$30billioninthe12monthstoApril.Britain’sdeficitinthefirstquarterwasitssmallest17199818recordinvestmentincome. TherewasmorebadnewsfromJapan19retailsalesinlargestoresfellby3.2%inMaythe37thconsecutivemonthlyfall.Theyenfell20thedollartouchingalmostYen125ononepoint. Readthefollowingtext.ChoosethebestwordsforeachnumberedblankandmarkA.BCorDonANSWERSHEET1.8
America’sFederalReservecutinterestratesbyanotherquarter-pointto3.75%.WallStreetwhichhadbeen1forasixthhalf-pointcutwasdisappointed.TheDowfellby2%2theweek.Thepastweek’seconomicstatisticsgavemixedsignals.Exportsdroppedby2%inbothMarchandAprillargely3adeclineinhigh-techinvestment4;themerchandise-trade5widenedto$458billioninthe12months6April.7theConferenceBoard’sindexofconsumerconfidencewashigherthan8inJune. Concerns9inflationintheeuroarea10.Preliminarydata11thatGermanconsumer-priceinflationfellto3.1%intheyeartoJunefrom3.5%inMay;wagegrowth12to1.4%inAprilarealpaycutof1.5%.SomeeconomistsfearthatGermanyisonthe13ofrecession.TheIFOindexofbusinessconfidencedroppedmore14thanexpectedinMayandtheinstitutehascutitsforecastofGDP15thisyeartoonly1.2%well16theGermangovernment’sforecastof2%. Theeuroarea’scurrent-accountdeficitnarrowedto$30billioninthe12monthstoApril.Britain’sdeficitinthefirstquarterwasitssmallest17199818recordinvestmentincome. TherewasmorebadnewsfromJapan19retailsalesinlargestoresfellby3.2%inMaythe37thconsecutivemonthlyfall.Theyenfell20thedollartouchingalmostYen125ononepoint. Readthefollowingtext.ChoosethebestwordsforeachnumberedblankandmarkA.BCorDonANSWERSHEET1.18
WhilemuchoftheattentiononfightingAIDSandotherdiseasesinpoorcountrieshasfocusedonaccesstoaffordabledrugsconcernisnowshiftingtothequestionofwhoexactlywilldeliverthem.Unfortunatelythereisasevereshortageofdoctorsnursesandotherhealth-careworkersinthesecountries.Accordingtoareportpublishedinthisweek’sLancetbytheJointLearningInitiativeJLIaninternationalconsortiumofacademiccentresanddevelopmentagenciessub-SaharanAfricahasonlyone-tenththenumberOfnursesanddoctorsperheadofpopulationthatEuropedoesthoughitshealth-careproblemsarefarmompressing.47Thereasonsforthisaretw07foldandwellknown—notenoughhealth-careworkersaretrainedinthefastplaceandtoomanyofthosewhoaretrainedthenleaveforbetter-paidjobsintherichworld.Whatthereportdoesistoputsomenumbersontheseproblems. Amere5000doctorsitfindsgraduateinAfricaeachyearathirdofthenumberthatgraduateinAmerica.Only50of600doctorsminedinZambiainrecentyearsarestillinthecountry.TherearemoreMalawiandoctorsinManchesterthanMalawi.48Andmanyrichcountriesexacerbatetheproblembyrecruitingfrompooronestohelpdealwiththeirownshortages. Toovercomeallthis.theJLIreckonsthattheworldneeds4mmorehealth-careworkersofwhomlmarerequiredinsub-SaharanAfricaalone.Thequestionis.whowillpayforthemThereportfloatssomeideas.49Itrecommendsthatroughly$400mor4%oftheoverseasaidcurrentlyspentonhealth-beearmarkedtohelpbuildupthehealth-careworkforceinpoorcountries.50Butitalsosuggeststhatbetterusebemadeofexistingresourcesforexamplebyemployinglocalvolunteersratherthanhighlytraineddoctorsformany.routinematters.AsLincolnChenofHarvardUniversityoneofthereport’sauthorspointsoutafewcountriessuchasBrazil.ThailandandIran.havetakenstepsintherightdirection.Othersneedtofollowtheirlead. 50
America’sFederalReservecutinterestratesbyanotherquarter-pointto3.75%.WallStreetwhichhadbeen1forasixthhalf-pointcutwasdisappointed.TheDowfellby2%2theweek.Thepastweek’seconomicstatisticsgavemixedsignals.Exportsdroppedby2%inbothMarchandAprillargely3adeclineinhigh-techinvestment4;themerchandise-trade5widenedto$458billioninthe12months6April.7theConferenceBoard’sindexofconsumerconfidencewashigherthan8inJune. Concerns9inflationintheeuroarea10.Preliminarydata11thatGermanconsumer-priceinflationfellto3.1%intheyeartoJunefrom3.5%inMay;wagegrowth12to1.4%inAprilarealpaycutof1.5%.SomeeconomistsfearthatGermanyisonthe13ofrecession.TheIFOindexofbusinessconfidencedroppedmore14thanexpectedinMayandtheinstitutehascutitsforecastofGDP15thisyeartoonly1.2%well16theGermangovernment’sforecastof2%. Theeuroarea’scurrent-accountdeficitnarrowedto$30billioninthe12monthstoApril.Britain’sdeficitinthefirstquarterwasitssmallest17199818recordinvestmentincome. TherewasmorebadnewsfromJapan19retailsalesinlargestoresfellby3.2%inMaythe37thconsecutivemonthlyfall.Theyenfell20thedollartouchingalmostYen125ononepoint. Readthefollowingtext.ChoosethebestwordsforeachnumberedblankandmarkA.BCorDonANSWERSHEET1.4
UruguayhasbeenaproudexceptiontotheprivatizingwavethatsweptthroughSouthAmericainthe1990s.Itsstate-ownedfirmsaremoreefficientthanmanyoftheircounterpartsinArgentinaandBrazileverwere.In1992Uruguayansvotedinareferendumagainstprivatizingtelecoms.TheyrightlyobservethatsomeofArgentina’ssalesweresmashedcreatinginefficientprivatemonopolies.Andwithunemploymentat15%nobodyisenthusiasticaboutthejobcutsprivatizationwouldinvolve.ThatleavesPresidentJorgeBatllewithaproblem.UruguayhasbeeninrecessionforthepasttwoyearsmainlybecauseoflowpricesforitsagriculturalexportsandbecauseofArgentina’swoes.Butpublicdebtisat45%ofGDPandrising.Someeconomistsarguethatprivatizationwouldgiveaboosttotheeconomybyattractingforeigninvestmentandbyloweringcosts.CERESathink-tankhavingcomparedtariffsforpublicservicesinUruguayanditsneighborsbelievesliberalizationcouldsavebusinessesandhouseholdstheequivalentof4%ofGDPannuallyraisegrowthandproduceanet45000jobs.Thepollsthatshowcontinuingsupportforpublicownershipalsoshowgrowingoppositiontomonopolies.SoMr.Baffleplanstokeepthestatefirmsbutletprivateoneseithercompetewiththemorbidtooperatetheirservicesundercontract.TheoppositionBroadFrontandthetradeunionsareresisting.Theyhavegatheredenoughsignaturestodemandapublicconsultationnextmonthonanewlawtoallowprivateoperatorsintheportsandrailways—areferendumonwhethertoholdareferendumontheissue.AlbertoBensionthefinanceministeradmitsthevotewillbeacrucialindicatorofhowfarthegovernmentcanpush.Buthenotesthatsince1992attemptstooverturnlawsbycallingreferendumshaveflopped.Theliberalizationoftelecomshasalreadybegun.BellSouthanAmericanfirmisthefirstprivatecell-phoneoperator.Thereareplanstolicenseothersandtalkofallowingcompetitionforfixed-linetelephones.AnewlawallowsprivatecompaniestoimportgasfromArgentinatogenerateelectricityincompetitionwiththestateutility.AnotherplanwouldstripAncapthestateoilfirmofitsmonopolyofimports.Ithasalreadybeenallowedtoseekaprivatepartnertomodernizeitsrefinery.Hardertaskslieahead.Thestate-ownedbanksareburdenedwithproblemloanstofarmersandhomeowners.AndMr.Batlleshowsnoappetiteforcuttingthebureaucracy.Afterayearinofficethepresidentispopular.Hehascreatedacross-partycommissiontoinvestigatedisappearancesduringUruguay’smilitarydictatorshipof1976-85Theunionsareweakenedbyunemployment.AtCERES.ErnestoTalviarguesthatMr.Baffleshouldnotehisownstrengthandpushaheadmoreboldly.ButthatisnottheUruguayanway.Thefifthparagraphsuggeststhat______.
WhilemuchoftheattentiononfightingAIDSandotherdiseasesinpoorcountrieshasfocusedonaccesstoaffordabledrugsconcernisnowshiftingtothequestionofwhoexactlywilldeliverthem.Unfortunatelythereisasevereshortageofdoctorsnursesandotherhealth-careworkersinthesecountries.Accordingtoareportpublishedinthisweek’sLancetbytheJointLearningInitiativeJLIaninternationalconsortiumofacademiccentresanddevelopmentagenciessub-SaharanAfricahasonlyone-tenththenumberOfnursesanddoctorsperheadofpopulationthatEuropedoesthoughitshealth-careproblemsarefarmompressing.47Thereasonsforthisaretw07foldandwellknown—notenoughhealth-careworkersaretrainedinthefastplaceandtoomanyofthosewhoaretrainedthenleaveforbetter-paidjobsintherichworld.Whatthereportdoesistoputsomenumbersontheseproblems. Amere5000doctorsitfindsgraduateinAfricaeachyearathirdofthenumberthatgraduateinAmerica.Only50of600doctorsminedinZambiainrecentyearsarestillinthecountry.TherearemoreMalawiandoctorsinManchesterthanMalawi.48Andmanyrichcountriesexacerbatetheproblembyrecruitingfrompooronestohelpdealwiththeirownshortages. Toovercomeallthis.theJLIreckonsthattheworldneeds4mmorehealth-careworkersofwhomlmarerequiredinsub-SaharanAfricaalone.Thequestionis.whowillpayforthemThereportfloatssomeideas.49Itrecommendsthatroughly$400mor4%oftheoverseasaidcurrentlyspentonhealth-beearmarkedtohelpbuildupthehealth-careworkforceinpoorcountries.50Butitalsosuggeststhatbetterusebemadeofexistingresourcesforexamplebyemployinglocalvolunteersratherthanhighlytraineddoctorsformany.routinematters.AsLincolnChenofHarvardUniversityoneofthereport’sauthorspointsoutafewcountriessuchasBrazil.ThailandandIran.havetakenstepsintherightdirection.Othersneedtofollowtheirlead. 48
AMGENtheworld’sbiggestbiotechnologycompanymadeitsfortunefromadrugthatfortifiesthebloodofpatientswhoareundergoingdialysis.OnDecember17ththeCaliforniacompanyacquiredsomenewbloodofitsownwiththepurchaseofImmunexaSeattle-basedbiotechnologycompanyfor$16billion. Thisdealabiotech-industryrecordgivesAmgenafirmfootinginthemultibillion-dollarmarketininflammationcontrol.Immunex’smostprofitableproductisEnbrelatreatmentforrheumatoidarthritis.46Amgenhopestotriplethedrug’ssalestomorethan$3billionby2005wideningitsusetootherdiseasesandovercomingmanufacturingconstraintsthathavekeptthedruginshortsupply. WiththistakeoverImmunexpassesfromoneparenttoanother.AmericanHomeProductsAHPholds41%ofthesharesandhasgiventhefirmsalesandmarketingsupport.47ButAHPAmericanHouseholdProductshasbeensellingdownitsstakesincelastyearinparttofinancea$3.8billionsettlementofclaimsagainstitsdietdrugs. 48AlthoughAmencallsitselfabiotechcompanyitsmarketcapitalisationofaround$62billionmakesitlargerthanPharmaciaandseveralotherwell-knownmainstreamdrugcompaniestraditionallyconsideredthebigbrothersofbiotech.ButAmgenlikestothinkofitselfaslessbureaucraticandmoreentrepreneurialthanitspharmaceuticalbrethrenanditisfreeofsuchbig-pharmawoesasimminentpatentexpiry.49HoweverasJose2ohDoughertyabiotechanalystatLehmanBrotherspointsout-Amgenwillfindithardtoretainthefreedomofitsyouthasitstrivestoexpanditssalesbymorethan30%ayear. Historicallypharmaceuticalcompanieshaveusedtheirdeeppocketstobuybiotechcompanies.Now.increasinglybiotechcompaniesarebuyingeachotherseechart.SuchindustryconsolidationisdrivenbystrategyratherthandesperationaccordingtoScottMorrison.aconsultantwithErnst&Young.50Companiesarepoolingtheirresourcestobuildscaleinresearchanddevelopmentandinsalesortofillholes-intheirproductpipelinesasAmgenhasjustdone.Withalmost1400biotechcompaniesinAmericaandacomparablenumberinEuropethereisplentyofroomformoretogetherness. Companiesarepoolingtheirresourcestobuildscaleinresearchanddevelopmentandinsalesortofillholes-intheirproductpipelinesasAmgenhasjustdone.
UruguayhasbeenaproudexceptiontotheprivatizingwavethatsweptthroughSouthAmericainthe1990s.Itsstate-ownedfirmsaremoreefficientthanmanyoftheircounterpartsinArgentinaandBrazileverwere.In1992Uruguayansvotedinareferendumagainstprivatizingtelecoms.TheyrightlyobservethatsomeofArgentina’ssalesweresmashedcreatinginefficientprivatemonopolies.Andwithunemploymentat15%nobodyisenthusiasticaboutthejobcutsprivatizationwouldinvolve.ThatleavesPresidentJorgeBatllewithaproblem.UruguayhasbeeninrecessionforthepasttwoyearsmainlybecauseoflowpricesforitsagriculturalexportsandbecauseofArgentina’swoes.Butpublicdebtisat45%ofGDPandrising.Someeconomistsarguethatprivatizationwouldgiveaboosttotheeconomybyattractingforeigninvestmentandbyloweringcosts.CERESathink-tankhavingcomparedtariffsforpublicservicesinUruguayanditsneighborsbelievesliberalizationcouldsavebusinessesandhouseholdstheequivalentof4%ofGDPannuallyraisegrowthandproduceanet45000jobs.Thepollsthatshowcontinuingsupportforpublicownershipalsoshowgrowingoppositiontomonopolies.SoMr.Baffleplanstokeepthestatefirmsbutletprivateoneseithercompetewiththemorbidtooperatetheirservicesundercontract.TheoppositionBroadFrontandthetradeunionsareresisting.Theyhavegatheredenoughsignaturestodemandapublicconsultationnextmonthonanewlawtoallowprivateoperatorsintheportsandrailways—areferendumonwhethertoholdareferendumontheissue.AlbertoBensionthefinanceministeradmitsthevotewillbeacrucialindicatorofhowfarthegovernmentcanpush.Buthenotesthatsince1992attemptstooverturnlawsbycallingreferendumshaveflopped.Theliberalizationoftelecomshasalreadybegun.BellSouthanAmericanfirmisthefirstprivatecell-phoneoperator.Thereareplanstolicenseothersandtalkofallowingcompetitionforfixed-linetelephones.AnewlawallowsprivatecompaniestoimportgasfromArgentinatogenerateelectricityincompetitionwiththestateutility.AnotherplanwouldstripAncapthestateoilfirmofitsmonopolyofimports.Ithasalreadybeenallowedtoseekaprivatepartnertomodernizeitsrefinery.Hardertaskslieahead.Thestate-ownedbanksareburdenedwithproblemloanstofarmersandhomeowners.AndMr.Batlleshowsnoappetiteforcuttingthebureaucracy.Afterayearinofficethepresidentispopular.Hehascreatedacross-partycommissiontoinvestigatedisappearancesduringUruguay’smilitarydictatorshipof1976-85Theunionsareweakenedbyunemployment.AtCERES.ErnestoTalviarguesthatMr.Baffleshouldnotehisownstrengthandpushaheadmoreboldly.ButthatisnottheUruguayanway.Uruguayinthe1990s______.
America’sFederalReservecutinterestratesbyanotherquarter-pointto3.75%.WallStreetwhichhadbeen1forasixthhalf-pointcutwasdisappointed.TheDowfellby2%2theweek.Thepastweek’seconomicstatisticsgavemixedsignals.Exportsdroppedby2%inbothMarchandAprillargely3adeclineinhigh-techinvestment4;themerchandise-trade5widenedto$458billioninthe12months6April.7theConferenceBoard’sindexofconsumerconfidencewashigherthan8inJune. Concerns9inflationintheeuroarea10.Preliminarydata11thatGermanconsumer-priceinflationfellto3.1%intheyeartoJunefrom3.5%inMay;wagegrowth12to1.4%inAprilarealpaycutof1.5%.SomeeconomistsfearthatGermanyisonthe13ofrecession.TheIFOindexofbusinessconfidencedroppedmore14thanexpectedinMayandtheinstitutehascutitsforecastofGDP15thisyeartoonly1.2%well16theGermangovernment’sforecastof2%. Theeuroarea’scurrent-accountdeficitnarrowedto$30billioninthe12monthstoApril.Britain’sdeficitinthefirstquarterwasitssmallest17199818recordinvestmentincome. TherewasmorebadnewsfromJapan19retailsalesinlargestoresfellby3.2%inMaythe37thconsecutivemonthlyfall.Theyenfell20thedollartouchingalmostYen125ononepoint. Readthefollowingtext.ChoosethebestwordsforeachnumberedblankandmarkA.BCorDonANSWERSHEET1.12
America’sFederalReservecutinterestratesbyanotherquarter-pointto3.75%.WallStreetwhichhadbeen1forasixthhalf-pointcutwasdisappointed.TheDowfellby2%2theweek.Thepastweek’seconomicstatisticsgavemixedsignals.Exportsdroppedby2%inbothMarchandAprillargely3adeclineinhigh-techinvestment4;themerchandise-trade5widenedto$458billioninthe12months6April.7theConferenceBoard’sindexofconsumerconfidencewashigherthan8inJune. Concerns9inflationintheeuroarea10.Preliminarydata11thatGermanconsumer-priceinflationfellto3.1%intheyeartoJunefrom3.5%inMay;wagegrowth12to1.4%inAprilarealpaycutof1.5%.SomeeconomistsfearthatGermanyisonthe13ofrecession.TheIFOindexofbusinessconfidencedroppedmore14thanexpectedinMayandtheinstitutehascutitsforecastofGDP15thisyeartoonly1.2%well16theGermangovernment’sforecastof2%. Theeuroarea’scurrent-accountdeficitnarrowedto$30billioninthe12monthstoApril.Britain’sdeficitinthefirstquarterwasitssmallest17199818recordinvestmentincome. TherewasmorebadnewsfromJapan19retailsalesinlargestoresfellby3.2%inMaythe37thconsecutivemonthlyfall.Theyenfell20thedollartouchingalmostYen125ononepoint. Readthefollowingtext.ChoosethebestwordsforeachnumberedblankandmarkA.BCorDonANSWERSHEET1.14
Directions:StudythepictureabovecarefullyandwriteanessayentitledOntheEssentialResponsibilityoftheProfessor.Intheessayyoushould1describethepictures;2interprettheirmeaning;3giveyouropinionaboutthephenomenon.Youshouldwriteabout200wordsneatlyonANSWERSHEET2.
America’sFederalReservecutinterestratesbyanotherquarter-pointto3.75%.WallStreetwhichhadbeen1forasixthhalf-pointcutwasdisappointed.TheDowfellby2%2theweek.Thepastweek’seconomicstatisticsgavemixedsignals.Exportsdroppedby2%inbothMarchandAprillargely3adeclineinhigh-techinvestment4;themerchandise-trade5widenedto$458billioninthe12months6April.7theConferenceBoard’sindexofconsumerconfidencewashigherthan8inJune. Concerns9inflationintheeuroarea10.Preliminarydata11thatGermanconsumer-priceinflationfellto3.1%intheyeartoJunefrom3.5%inMay;wagegrowth12to1.4%inAprilarealpaycutof1.5%.SomeeconomistsfearthatGermanyisonthe13ofrecession.TheIFOindexofbusinessconfidencedroppedmore14thanexpectedinMayandtheinstitutehascutitsforecastofGDP15thisyeartoonly1.2%well16theGermangovernment’sforecastof2%. Theeuroarea’scurrent-accountdeficitnarrowedto$30billioninthe12monthstoApril.Britain’sdeficitinthefirstquarterwasitssmallest17199818recordinvestmentincome. TherewasmorebadnewsfromJapan19retailsalesinlargestoresfellby3.2%inMaythe37thconsecutivemonthlyfall.Theyenfell20thedollartouchingalmostYen125ononepoint. Readthefollowingtext.ChoosethebestwordsforeachnumberedblankandmarkA.BCorDonANSWERSHEET1.6
[A]TheriseofatycoonwhoisfondofAmericaandSouthAfricaandwhoprintsEnglishslogansonhisbottlesofmilkandmineralwaterisasnubtoMr.Ratsiraka.Thepresidentwhohasdominatedpoliticssince1975—withafewyears’absenceinthemid-1990s—steersclosetoFrancetheformercolonialpower.HehasbeenunwellandspendsmuchofhistimehavingmedicaltreatmentinParis.Hisgovernmentpredictablyisaccusedofwidespreadcorruption.Butheoffersstability—anddeclaresthat"anyotherpresident"wouldusherinyearsofuncertainty. [B]Mr.Ratsirakamightindeedfeelaggrievedffhedidlosepowerjustastheeconomyiscomingright.Afteratwo-decadespellasasocialistthenafewyearsofexilehebouncedbackintothepresidencyin1996toimposeaustereneo-liberalreforms.Thesearenowpayingoff.Manypeoplearestilldesperatelybadlyofflivinginvillageswithoutroadselectricityordoctors.ButaccordingtoanoptimisticIMFreportonDecember13ththeeconomymaymmouttohaveenjoyed6.7%growththisyearandinflationislow. [C]Inahighturnouthetooknearly80%ofthevotesinthecapitalandwelloverhalfinothercities.Resultsfromthelesssusceptiblecountrysideareslowlycomingin.TheynarrowthegapbuthestillseemstohaveachanceofeitherbeatingtheincumbentDidierRatsirakaoutrghtorfacinghiminarun-offnextyear. [D]Aswellingflowoftouristscomestotheislandtoseeitsrainforestslemursandtropicalbeaches.SalesoftextilestoAmericaaredoingwellthankstotariffreductionsthere.And.inthepastfewyears.Asianinvestorshaveopeneddozensoffactoriesinspecialexportzonesaroundthecapital.Mr.Ratsirakahasmanagedtonegotiatedebtreliefthatalmosthalvestheamountthecountryspendsonservicingitsdebts.Risthusabletospendabitmoreonschoolsandhospitals.Incomesinthecitiesareclearlyup.Agoodriceharvestthisyear.andtheabsenceofcycloneshaseasedhangerinthecountryside. [E]AsmayorMr.Ravalomananawonmanycitizens’heartsbycleaningupthecapitalandseeingtonewroadsandstreetlighting.Heoversawabuildingboom.theriseofadozen’flashynewsupermarketsmorepolicemenonthestreetsandacutincrime.Heis.knowninthecountryatlargetoo.thankstohisTikofoodempirewhichdeliversyoghurtandothergoodthingstoMadagascar’semergingmiddleclass.HisfaceiseverywhereonT-shirts.baseballcapsandbagsallpartsofaslickcampaignthatwashelpedalongbyhisownradioandtelevisionstations.HisChristianfervourandhisjobonacouncilofProtestantchurcheshavealsohelpedhimespeciallyamongtheruralpoor. [F]AllthisisraregoodnewsforAfrica.MightitberiskediftherewereachangeofpresidentSomepointtopossibleethnictension:Mr.RavalomananaisfromthehighlandImerinapeoplewhohaveamixofAsian-settlerandAfricanbloodwhohaveneverbeforeheldpoliticalofficeovertheblackercoastalcommunities.Othersworrythathewillhavelittlesupportinparliamentandthathisbusinesscareerhasnotpreparedhimforpoliticalcompromises.Abiggerconcernperhapsisthathemightnotseriouslyundertaketospreadthegoodtimesenjoyedinthecapitalintotheimpoverishedcountryside. [G]ExcitementisintheairinMadagascaravastislandof15mpeopleofftheeastcoastofAfrica.OnDecember16thitsvoterstrudgedtothe.pollsfromtheirhomesinhighlandtownsandremoteforestvillagestopickapresident.ManyfavouredMareRavalomananaatycoonwhoisalsothehandsomeyoungmayorofthecapitalAntananarivo. Order: 42
EvenattheVatican.notallsacredbeliefsareabsolute:Thoushaltnotkillbutwarcanbejust.Nowbehindthequietwallsaclashisshapingupinvolvingtwopolesofnearcertainty:thechurch’slong-heldbanoncondomsanditsadvocacyofhumanlife.TheissueisAIDS.ChurchofficialsrecentlyconfirmedthatPopeBenedictXVIhadrequestedareportonwhetheritmightbeacceptableforCatholicstousecondomsinonenarrowcircumstance:toprotectlifeinsideamarriagewhenonepartnerisinfectedwithH.I.V.orissickwithAIDS.Whateverthepopedecideschurchofficialsandotherexpertsbroadlyagreethatitisremarkablethatsodelicateanissueisbeingtakenup.ButtheyalsoagreethatsuchaninquiryislogicalandparticularlysignificantfromthispopewhowasPopeJohnPaulII’sstrictenforcerofchurchdoctrine.Insomewaysmaybehehasgotthegreatestcapacitytodoitbecausethereisnodoubtabouthisorthodoxysaidthe.Rev.JonFulleraJesuitphysicianwhorunsanAIDSclinicattheBostonMedicalCenter.Theissuehassurfacedrepeatedlyasoneofthemostcomplicatedanddelicatefacingthechurch.ForyearssomeinfluentialcardinalsandtheologianshavearguedforachangeforcouplesaffectedbyAIDSinthenameofprotectinglifewhileothershavefiercelyattackedthepossibilityasdemotingthechurch’slongadvocacyofabstinenceandmaritalfidelitytofightthedisease.ThenewsbrokejustafterBenedictcelebratedhisfirstanniversaryaspopearelativelyquietpapalyear.Buthedevotedhisfirstencyclicaltolovespecificallybetweenamanandawomaninmarriage.Indeedwithregardtocondomstheonlychangeapparentlybeingconsideredisinthespecificcaseofmarriedcouples.ButanychangewouldbeunpopularwithconservativeCatholicssomeofwhomhaveexpresseddisappointmentthatBenedicthasdisplayedasofterfacenowasdefenderofthefaiththanhedidwhenhewasstillCardinalJosephRatzingerthepapaladviser.It’sjusthardtoimaginethatanypope—andthispope—wouldchangetheteachingsaidAustinRusepresidentoftheCultureofLifeFoundationaCatholic-orientedadvocacygroupinWashingtonthatopposesabortionandcontraception.Itistoosoontoknowwherethepopeisheading.FarlesscontentiousissuescantakeyearstoinchthroughtheVatican’snexusofbeliefandbureaucracyprayerandpoliticsandCardinalJavierLozanoBarraganthepope’stopaideonhealthcareissuesandotherofficialsdeclinedrequestsforinterviews.TherequestfromPopeBenedictXVIisparticularlysignificantbecause______.
HealthysodaThatmaystrikesomeasanoxymoron.ButforCoca-ColaandPepsiCo.it’samarketingopportunity.Incomingmonthsbothcompanieswillintroducenewcarbonateddrinksthatarefortifiedwithvitaminsandminerals:DietCokePlusandTavawhichisPepsiCo’snewoffering.Theywillbepromotedassparklingbeverages.Thecompaniesarenottailingthemsoftdrinksbecausepeopleareturningawayfromtraditionalsodawhichhasbeenhurtinpartbypublicityaboutitslinktoobesity.Whilethesodabusinessremainsa$68billionindustryintheUnitedStatesconsumersareincreasinglyreachingforbottledwatersparklingjuicesandgreenteadrinks.Irr’2005.themountofsodasoldinthiscountrydroppedforthefirsttimeinrecenthistory.Eventhedietsodabusinesshasslowed.Coca-Cola’schiefexecutive.E.NevilleIsdell.clearlyfrustratedthathisindustryhasbeensingledoutintheobesitydebateinsistedatarecentconferencethathisdietproductsshouldbeincludedinthehealthandwellnesscategorybecausewithfewornocaloriestheyarealogicalanswermexpandingwaistlines.DietandlightbrandsareactuallyhealthandwellnessbrandsMr.Isdellsaid.HeassertedthatDietCokePluswasawaytobroadenthecategorytoattactnewconsumers.TomPirko.presidentofBevmarkafoodandbeverageconsultingfirmsaiditwasajoketomarketartificiallysweetenedsoftdrinksashealthyeveniftheywerefortifiedwithvitaminsandminerals.Researchbyhisfirmandothersshowsthatconsumersthinkofdietsoftdrinksastheantithesisofhealthyhesaid.TheseconsumerscommentonputtingsomethingsyntheticandnotnaturalintotheirbodieswhentheyconsumedietcolasMr.Pirkosaid.Andinthemidstofahealthandwelfareboomthatain’tgood.Theideaofhealthysodaisnotentirelynew.In2004CadburySchweppescausedastirwhenitunveiled7UpPlusalow-caloriesodafortifiedwithvitaminsandminerals.LastyearCadburytriedtoextendthehealthyhalooveritsregular7Upbrandbylabelingit100percentnatural.Butthecompanychangedthelabelto100percentnaturalflavoraftercomplaintsfromanutritiongroupthataproductcontaininghigh-fructosecomsyrupshouldnotbeconsiderednaturaland7UpPlushasfloundered.ThenewfortifiedsoftdrinksearnedgrudgingapprovalfromMichaelF.JacobsenexecutivedirectoroftheCenterforScienceinthePublicInterest.anutritionadvocacygroupandfrequentcriticofregularsoftdrinkswhichithaslabeledliquidcandy.AsurveybyMorganStanleyfoundthatonly10percentofconsumersinterviewedin2006considereddietcolasahealthychoicecomparedwith14percentin2003.Furthermore30percentoftheconsumerswhowereinterviewedlastyearsaidthattheywerereluctanttodrinkbeverageswithartificialsweetenersupfrom21percentin2004.Thedatainthelastparagraphimplies______.
HealthysodaThatmaystrikesomeasanoxymoron.ButforCoca-ColaandPepsiCo.it’samarketingopportunity.Incomingmonthsbothcompanieswillintroducenewcarbonateddrinksthatarefortifiedwithvitaminsandminerals:DietCokePlusandTavawhichisPepsiCo’snewoffering.Theywillbepromotedassparklingbeverages.Thecompaniesarenottailingthemsoftdrinksbecausepeopleareturningawayfromtraditionalsodawhichhasbeenhurtinpartbypublicityaboutitslinktoobesity.Whilethesodabusinessremainsa$68billionindustryintheUnitedStatesconsumersareincreasinglyreachingforbottledwatersparklingjuicesandgreenteadrinks.Irr’2005.themountofsodasoldinthiscountrydroppedforthefirsttimeinrecenthistory.Eventhedietsodabusinesshasslowed.Coca-Cola’schiefexecutive.E.NevilleIsdell.clearlyfrustratedthathisindustryhasbeensingledoutintheobesitydebateinsistedatarecentconferencethathisdietproductsshouldbeincludedinthehealthandwellnesscategorybecausewithfewornocaloriestheyarealogicalanswermexpandingwaistlines.DietandlightbrandsareactuallyhealthandwellnessbrandsMr.Isdellsaid.HeassertedthatDietCokePluswasawaytobroadenthecategorytoattactnewconsumers.TomPirko.presidentofBevmarkafoodandbeverageconsultingfirmsaiditwasajoketomarketartificiallysweetenedsoftdrinksashealthyeveniftheywerefortifiedwithvitaminsandminerals.Researchbyhisfirmandothersshowsthatconsumersthinkofdietsoftdrinksastheantithesisofhealthyhesaid.TheseconsumerscommentonputtingsomethingsyntheticandnotnaturalintotheirbodieswhentheyconsumedietcolasMr.Pirkosaid.Andinthemidstofahealthandwelfareboomthatain’tgood.Theideaofhealthysodaisnotentirelynew.In2004CadburySchweppescausedastirwhenitunveiled7UpPlusalow-caloriesodafortifiedwithvitaminsandminerals.LastyearCadburytriedtoextendthehealthyhalooveritsregular7Upbrandbylabelingit100percentnatural.Butthecompanychangedthelabelto100percentnaturalflavoraftercomplaintsfromanutritiongroupthataproductcontaininghigh-fructosecomsyrupshouldnotbeconsiderednaturaland7UpPlushasfloundered.ThenewfortifiedsoftdrinksearnedgrudgingapprovalfromMichaelF.JacobsenexecutivedirectoroftheCenterforScienceinthePublicInterest.anutritionadvocacygroupandfrequentcriticofregularsoftdrinkswhichithaslabeledliquidcandy.AsurveybyMorganStanleyfoundthatonly10percentofconsumersinterviewedin2006considereddietcolasahealthychoicecomparedwith14percentin2003.Furthermore30percentoftheconsumerswhowereinterviewedlastyearsaidthattheywerereluctanttodrinkbeverageswithartificialsweetenersupfrom21percentin2004.Coca-ColaandPepsiCocalltheirnewdrinkssparklingbeveragesinsteadof.softdrinksbecause______.
America’sFederalReservecutinterestratesbyanotherquarter-pointto3.75%.WallStreetwhichhadbeen1forasixthhalf-pointcutwasdisappointed.TheDowfellby2%2theweek.Thepastweek’seconomicstatisticsgavemixedsignals.Exportsdroppedby2%inbothMarchandAprillargely3adeclineinhigh-techinvestment4;themerchandise-trade5widenedto$458billioninthe12months6April.7theConferenceBoard’sindexofconsumerconfidencewashigherthan8inJune. Concerns9inflationintheeuroarea10.Preliminarydata11thatGermanconsumer-priceinflationfellto3.1%intheyeartoJunefrom3.5%inMay;wagegrowth12to1.4%inAprilarealpaycutof1.5%.SomeeconomistsfearthatGermanyisonthe13ofrecession.TheIFOindexofbusinessconfidencedroppedmore14thanexpectedinMayandtheinstitutehascutitsforecastofGDP15thisyeartoonly1.2%well16theGermangovernment’sforecastof2%. Theeuroarea’scurrent-accountdeficitnarrowedto$30billioninthe12monthstoApril.Britain’sdeficitinthefirstquarterwasitssmallest17199818recordinvestmentincome. TherewasmorebadnewsfromJapan19retailsalesinlargestoresfellby3.2%inMaythe37thconsecutivemonthlyfall.Theyenfell20thedollartouchingalmostYen125ononepoint. Readthefollowingtext.ChoosethebestwordsforeachnumberedblankandmarkA.BCorDonANSWERSHEET1.10
ItwasalittleweirdatfirstErinTobinsaidseeingHarryPotterrightthereonthestagewithouthispantsorindeedanyofhisclothes.NotactuallyHarryPotterofcoursesinceheisfictionalbutthenextbestthing:DanielRadcliffe.whoplayshiminthemovies.Now17.Mr.Radcliffehascastoffhiswand.hisbroomstickandeverythingelsetoappearintheWestEndrevivalofPeterShaffer’sEquus.HestarsasAlanStrangadisturbedyoungmanwhoinadistinctlyun-Harry-Potterishmomentoffrenziedpsychosexualmadnessblindssixhorseswithahoofpick.TomakeitclearwhataudiencesareinforatleastinpartphotographsofMr.Radcliffe’sbufftorsostrippedalmosttothegroinhavebeenusedtoadvertisetheproduction.ItisasjarringasifsayAnneHathawaysuddenlyannouncedthatinsteadofplayingsweet-naturedprincessesandfashion-worlding6nuesshewantedtoappearonstageasanude.murderousprostitute.ToexplainhowissurprisingthechangeofRadcliffetotheaudiencetheauthormentionsAnneEquusopenedlastweekandtheconsensussofaristhatMr.Radcliffehassuccessfullyextricatedhimselffromhiscinematicalterego.ConsideringthatplayingHarryPotterispracticallyallhehasdoneinhiscareerthisisnosmallachievement.Ithinkhe’sareallygoodactorandIsortofforgotaboutHarryPotter.saidOpheliaOates.14whosawtheplayovertheweekend.Anywayyoucan’tbeHarryPotterforever.InTheDailyTelegraphCharlesSpencersaidthatDanielRadcliffebrilliantlysucceedsmthrowingoffthemantleofHarryPotterannouncinghimselfasathrillingstageactorofunexpecteddepthandrange.Mr.RadcliffetoldTheDailyTelegraphthatIthoughtitwouldbeabadideatowaittillthePotterfilmswereallfinishedtodosomethingelse.Therearestillafewtogo.ThefifthHarryPotterandtheOrderofthePhoenixisscheduledforreleaseonJuly13.andMr.Radcliffehassignedonforthefinaltwoinstallmentsaswell.MeanwhiletheseventhandlastbookintheseriesHarryPotterandtheDeathlyHallowswillhitstoresonJuly21.HarryandAlancouldnotbemoredissimilarascharactersevenifbothcomefromquiteweirdbackgroundsas13-year-oldEllaPittanotherrecenttheatergoerputit.Andno.shedeclaredshewasnottooyoungforallthenakednessswearingandsexuality.Bothcharactershaveunresolvedissuesrelatingtotheirparents:HarrybecausehisaredeadandAlanbecausehishavedrivenhiminsane.ButwhenitcomestoromanceforinstancethecelluloidHarryhasyettokissagirl;thebigmomentcomesintheforthcomingfilm.MeanwhileAlaninEquusnotonlyengagesinsomeseriousequi-eroticnuzzlingwithanactorplayingahorsebutisalsoonstagefullynude.for10minutesduringwhichhenearlyhassexwithanequallynakedyoungwoman.Thetwodissimilarcharactersi.e.HarryandAlanarecommoninthat______.
America’sFederalReservecutinterestratesbyanotherquarter-pointto3.75%.WallStreetwhichhadbeen1forasixthhalf-pointcutwasdisappointed.TheDowfellby2%2theweek.Thepastweek’seconomicstatisticsgavemixedsignals.Exportsdroppedby2%inbothMarchandAprillargely3adeclineinhigh-techinvestment4;themerchandise-trade5widenedto$458billioninthe12months6April.7theConferenceBoard’sindexofconsumerconfidencewashigherthan8inJune. Concerns9inflationintheeuroarea10.Preliminarydata11thatGermanconsumer-priceinflationfellto3.1%intheyeartoJunefrom3.5%inMay;wagegrowth12to1.4%inAprilarealpaycutof1.5%.SomeeconomistsfearthatGermanyisonthe13ofrecession.TheIFOindexofbusinessconfidencedroppedmore14thanexpectedinMayandtheinstitutehascutitsforecastofGDP15thisyeartoonly1.2%well16theGermangovernment’sforecastof2%. Theeuroarea’scurrent-accountdeficitnarrowedto$30billioninthe12monthstoApril.Britain’sdeficitinthefirstquarterwasitssmallest17199818recordinvestmentincome. TherewasmorebadnewsfromJapan19retailsalesinlargestoresfellby3.2%inMaythe37thconsecutivemonthlyfall.Theyenfell20thedollartouchingalmostYen125ononepoint. Readthefollowingtext.ChoosethebestwordsforeachnumberedblankandmarkA.BCorDonANSWERSHEET1.16
AMGENtheworld’sbiggestbiotechnologycompanymadeitsfortunefromadrugthatfortifiesthebloodofpatientswhoareundergoingdialysis.OnDecember17ththeCaliforniacompanyacquiredsomenewbloodofitsownwiththepurchaseofImmunexaSeattle-basedbiotechnologycompanyfor$16billion. Thisdealabiotech-industryrecordgivesAmgenafirmfootinginthemultibillion-dollarmarketininflammationcontrol.Immunex’smostprofitableproductisEnbrelatreatmentforrheumatoidarthritis.46Amgenhopestotriplethedrug’ssalestomorethan$3billionby2005wideningitsusetootherdiseasesandovercomingmanufacturingconstraintsthathavekeptthedruginshortsupply. WiththistakeoverImmunexpassesfromoneparenttoanother.AmericanHomeProductsAHPholds41%ofthesharesandhasgiventhefirmsalesandmarketingsupport.47ButAHPAmericanHouseholdProductshasbeensellingdownitsstakesincelastyearinparttofinancea$3.8billionsettlementofclaimsagainstitsdietdrugs. 48AlthoughAmencallsitselfabiotechcompanyitsmarketcapitalisationofaround$62billionmakesitlargerthanPharmaciaandseveralotherwell-knownmainstreamdrugcompaniestraditionallyconsideredthebigbrothersofbiotech.ButAmgenlikestothinkofitselfaslessbureaucraticandmoreentrepreneurialthanitspharmaceuticalbrethrenanditisfreeofsuchbig-pharmawoesasimminentpatentexpiry.49HoweverasJose2ohDoughertyabiotechanalystatLehmanBrotherspointsout-Amgenwillfindithardtoretainthefreedomofitsyouthasitstrivestoexpanditssalesbymorethan30%ayear. Historicallypharmaceuticalcompanieshaveusedtheirdeeppocketstobuybiotechcompanies.Now.increasinglybiotechcompaniesarebuyingeachotherseechart.SuchindustryconsolidationisdrivenbystrategyratherthandesperationaccordingtoScottMorrison.aconsultantwithErnst&Young.50Companiesarepoolingtheirresourcestobuildscaleinresearchanddevelopmentandinsalesortofillholes-intheirproductpipelinesasAmgenhasjustdone.Withalmost1400biotechcompaniesinAmericaandacomparablenumberinEuropethereisplentyofroomformoretogetherness. Amgenhopestotriplethedrug’ssalestomorethan$3billionby2005wideningitsusetootherdiseasesandovercomingmanufacturingconstraintsthathavekeptthedruginshortsupply.
AMGENtheworld’sbiggestbiotechnologycompanymadeitsfortunefromadrugthatfortifiesthebloodofpatientswhoareundergoingdialysis.OnDecember17ththeCaliforniacompanyacquiredsomenewbloodofitsownwiththepurchaseofImmunexaSeattle-basedbiotechnologycompanyfor$16billion. Thisdealabiotech-industryrecordgivesAmgenafirmfootinginthemultibillion-dollarmarketininflammationcontrol.Immunex’smostprofitableproductisEnbrelatreatmentforrheumatoidarthritis.46Amgenhopestotriplethedrug’ssalestomorethan$3billionby2005wideningitsusetootherdiseasesandovercomingmanufacturingconstraintsthathavekeptthedruginshortsupply. WiththistakeoverImmunexpassesfromoneparenttoanother.AmericanHomeProductsAHPholds41%ofthesharesandhasgiventhefirmsalesandmarketingsupport.47ButAHPAmericanHouseholdProductshasbeensellingdownitsstakesincelastyearinparttofinancea$3.8billionsettlementofclaimsagainstitsdietdrugs. 48AlthoughAmencallsitselfabiotechcompanyitsmarketcapitalisationofaround$62billionmakesitlargerthanPharmaciaandseveralotherwell-knownmainstreamdrugcompaniestraditionallyconsideredthebigbrothersofbiotech.ButAmgenlikestothinkofitselfaslessbureaucraticandmoreentrepreneurialthanitspharmaceuticalbrethrenanditisfreeofsuchbig-pharmawoesasimminentpatentexpiry.49HoweverasJose2ohDoughertyabiotechanalystatLehmanBrotherspointsout-Amgenwillfindithardtoretainthefreedomofitsyouthasitstrivestoexpanditssalesbymorethan30%ayear. Historicallypharmaceuticalcompanieshaveusedtheirdeeppocketstobuybiotechcompanies.Now.increasinglybiotechcompaniesarebuyingeachotherseechart.SuchindustryconsolidationisdrivenbystrategyratherthandesperationaccordingtoScottMorrison.aconsultantwithErnst&Young.50Companiesarepoolingtheirresourcestobuildscaleinresearchanddevelopmentandinsalesortofillholes-intheirproductpipelinesasAmgenhasjustdone.Withalmost1400biotechcompaniesinAmericaandacomparablenumberinEuropethereisplentyofroomformoretogetherness. AlthoughAmencallsitselfabiotechcompanyitsmarketcapitalisationofaround$62billionmakesitlargerthanPharmaciaandseveralotherwell-knownmainstreamdrugcompaniestraditionallyconsideredthebigbrothersofbiotech
America’sFederalReservecutinterestratesbyanotherquarter-pointto3.75%.WallStreetwhichhadbeen1forasixthhalf-pointcutwasdisappointed.TheDowfellby2%2theweek.Thepastweek’seconomicstatisticsgavemixedsignals.Exportsdroppedby2%inbothMarchandAprillargely3adeclineinhigh-techinvestment4;themerchandise-trade5widenedto$458billioninthe12months6April.7theConferenceBoard’sindexofconsumerconfidencewashigherthan8inJune. Concerns9inflationintheeuroarea10.Preliminarydata11thatGermanconsumer-priceinflationfellto3.1%intheyeartoJunefrom3.5%inMay;wagegrowth12to1.4%inAprilarealpaycutof1.5%.SomeeconomistsfearthatGermanyisonthe13ofrecession.TheIFOindexofbusinessconfidencedroppedmore14thanexpectedinMayandtheinstitutehascutitsforecastofGDP15thisyeartoonly1.2%well16theGermangovernment’sforecastof2%. Theeuroarea’scurrent-accountdeficitnarrowedto$30billioninthe12monthstoApril.Britain’sdeficitinthefirstquarterwasitssmallest17199818recordinvestmentincome. TherewasmorebadnewsfromJapan19retailsalesinlargestoresfellby3.2%inMaythe37thconsecutivemonthlyfall.Theyenfell20thedollartouchingalmostYen125ononepoint. Readthefollowingtext.ChoosethebestwordsforeachnumberedblankandmarkA.BCorDonANSWERSHEET1.2
Directions:StudythepictureabovecarefullyandwriteanessayentitledAfterGraduation.Intheessayyoushould1describethepicture;2interpretitsmeaning;3giveyouropinionaboutthephenomenon.Youshouldwriteabout200wordsneatlyonANSWERSIIEET2.
[A]TheriseofatycoonwhoisfondofAmericaandSouthAfricaandwhoprintsEnglishslogansonhisbottlesofmilkandmineralwaterisasnubtoMr.Ratsiraka.Thepresidentwhohasdominatedpoliticssince1975—withafewyears’absenceinthemid-1990s—steersclosetoFrancetheformercolonialpower.HehasbeenunwellandspendsmuchofhistimehavingmedicaltreatmentinParis.Hisgovernmentpredictablyisaccusedofwidespreadcorruption.Butheoffersstability—anddeclaresthat"anyotherpresident"wouldusherinyearsofuncertainty. [B]Mr.Ratsirakamightindeedfeelaggrievedffhedidlosepowerjustastheeconomyiscomingright.Afteratwo-decadespellasasocialistthenafewyearsofexilehebouncedbackintothepresidencyin1996toimposeaustereneo-liberalreforms.Thesearenowpayingoff.Manypeoplearestilldesperatelybadlyofflivinginvillageswithoutroadselectricityordoctors.ButaccordingtoanoptimisticIMFreportonDecember13ththeeconomymaymmouttohaveenjoyed6.7%growththisyearandinflationislow. [C]Inahighturnouthetooknearly80%ofthevotesinthecapitalandwelloverhalfinothercities.Resultsfromthelesssusceptiblecountrysideareslowlycomingin.TheynarrowthegapbuthestillseemstohaveachanceofeitherbeatingtheincumbentDidierRatsirakaoutrghtorfacinghiminarun-offnextyear. [D]Aswellingflowoftouristscomestotheislandtoseeitsrainforestslemursandtropicalbeaches.SalesoftextilestoAmericaaredoingwellthankstotariffreductionsthere.And.inthepastfewyears.Asianinvestorshaveopeneddozensoffactoriesinspecialexportzonesaroundthecapital.Mr.Ratsirakahasmanagedtonegotiatedebtreliefthatalmosthalvestheamountthecountryspendsonservicingitsdebts.Risthusabletospendabitmoreonschoolsandhospitals.Incomesinthecitiesareclearlyup.Agoodriceharvestthisyear.andtheabsenceofcycloneshaseasedhangerinthecountryside. [E]AsmayorMr.Ravalomananawonmanycitizens’heartsbycleaningupthecapitalandseeingtonewroadsandstreetlighting.Heoversawabuildingboom.theriseofadozen’flashynewsupermarketsmorepolicemenonthestreetsandacutincrime.Heis.knowninthecountryatlargetoo.thankstohisTikofoodempirewhichdeliversyoghurtandothergoodthingstoMadagascar’semergingmiddleclass.HisfaceiseverywhereonT-shirts.baseballcapsandbagsallpartsofaslickcampaignthatwashelpedalongbyhisownradioandtelevisionstations.HisChristianfervourandhisjobonacouncilofProtestantchurcheshavealsohelpedhimespeciallyamongtheruralpoor. [F]AllthisisraregoodnewsforAfrica.MightitberiskediftherewereachangeofpresidentSomepointtopossibleethnictension:Mr.RavalomananaisfromthehighlandImerinapeoplewhohaveamixofAsian-settlerandAfricanbloodwhohaveneverbeforeheldpoliticalofficeovertheblackercoastalcommunities.Othersworrythathewillhavelittlesupportinparliamentandthathisbusinesscareerhasnotpreparedhimforpoliticalcompromises.Abiggerconcernperhapsisthathemightnotseriouslyundertaketospreadthegoodtimesenjoyedinthecapitalintotheimpoverishedcountryside. [G]ExcitementisintheairinMadagascaravastislandof15mpeopleofftheeastcoastofAfrica.OnDecember16thitsvoterstrudgedtothe.pollsfromtheirhomesinhighlandtownsandremoteforestvillagestopickapresident.ManyfavouredMareRavalomananaatycoonwhoisalsothehandsomeyoungmayorofthecapitalAntananarivo. Order: 44
ItwasalittleweirdatfirstErinTobinsaidseeingHarryPotterrightthereonthestagewithouthispantsorindeedanyofhisclothes.NotactuallyHarryPotterofcoursesinceheisfictionalbutthenextbestthing:DanielRadcliffe.whoplayshiminthemovies.Now17.Mr.Radcliffehascastoffhiswand.hisbroomstickandeverythingelsetoappearintheWestEndrevivalofPeterShaffer’sEquus.HestarsasAlanStrangadisturbedyoungmanwhoinadistinctlyun-Harry-Potterishmomentoffrenziedpsychosexualmadnessblindssixhorseswithahoofpick.TomakeitclearwhataudiencesareinforatleastinpartphotographsofMr.Radcliffe’sbufftorsostrippedalmosttothegroinhavebeenusedtoadvertisetheproduction.ItisasjarringasifsayAnneHathawaysuddenlyannouncedthatinsteadofplayingsweet-naturedprincessesandfashion-worlding6nuesshewantedtoappearonstageasanude.murderousprostitute.ToexplainhowissurprisingthechangeofRadcliffetotheaudiencetheauthormentionsAnneEquusopenedlastweekandtheconsensussofaristhatMr.Radcliffehassuccessfullyextricatedhimselffromhiscinematicalterego.ConsideringthatplayingHarryPotterispracticallyallhehasdoneinhiscareerthisisnosmallachievement.Ithinkhe’sareallygoodactorandIsortofforgotaboutHarryPotter.saidOpheliaOates.14whosawtheplayovertheweekend.Anywayyoucan’tbeHarryPotterforever.InTheDailyTelegraphCharlesSpencersaidthatDanielRadcliffebrilliantlysucceedsmthrowingoffthemantleofHarryPotterannouncinghimselfasathrillingstageactorofunexpecteddepthandrange.Mr.RadcliffetoldTheDailyTelegraphthatIthoughtitwouldbeabadideatowaittillthePotterfilmswereallfinishedtodosomethingelse.Therearestillafewtogo.ThefifthHarryPotterandtheOrderofthePhoenixisscheduledforreleaseonJuly13.andMr.Radcliffehassignedonforthefinaltwoinstallmentsaswell.MeanwhiletheseventhandlastbookintheseriesHarryPotterandtheDeathlyHallowswillhitstoresonJuly21.HarryandAlancouldnotbemoredissimilarascharactersevenifbothcomefromquiteweirdbackgroundsas13-year-oldEllaPittanotherrecenttheatergoerputit.Andno.shedeclaredshewasnottooyoungforallthenakednessswearingandsexuality.Bothcharactershaveunresolvedissuesrelatingtotheirparents:HarrybecausehisaredeadandAlanbecausehishavedrivenhiminsane.ButwhenitcomestoromanceforinstancethecelluloidHarryhasyettokissagirl;thebigmomentcomesintheforthcomingfilm.MeanwhileAlaninEquusnotonlyengagesinsomeseriousequi-eroticnuzzlingwithanactorplayingahorsebutisalsoonstagefullynude.for10minutesduringwhichhenearlyhassexwithanequallynakedyoungwoman.ThewordextricatedLine2Par
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