Economic Focus. Chapter 2. Chapter 3. Chapter 3

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5. Economic Focus

5.1 Bring out the economic meaning of the underlined phrases:

Chapter 2

a) “The computer had been instructed to search for candidates whose… primary product experience lay in equities.”

b) “All the guys on the floor know that it stands for mental defective.”

c) “He’s off limits, they used to be a client and their staff are barred for another 12 months.”

d) “He works for a French stockbroker.”

Chapter 3

a) “It was a conversation that would demand all Fitz’s powers of manipulation and tact: skills that he had developed as a senior executive at Steinberg’s.”

b) “She negotiated a high package to transfer from the States.”

c) “If Fitz was in the process of trying to run down the proprietary trading desk then Mike would fight him all the way.”

d) “But in the meantime, we can keep our overheads down and not worry Norm.”

e) “It’s no longer the old days of the 80s, when all you had to do to make a buck was to put on a smart suit and hand out your card. The only way to die rich these days is to shoot yourself before you go broke.”

f) “We are all going to tighten our belts.” “If I were younger, my objective would be to make as much money as I could in the short term and then set up independently.”

g) “It’s a merchant bank.”

h) “The company was Astra – one of the biggest stocks in the Swedish market.”

5.2 Logically complete the sentences focusing on the business side of the phrase:

Chapter 3

a) In Steinberg’s terminology “upgrading” meant “dismissing”. This euphemism had been adopted at Steinberg’s in order to_____________________________________ ________________________________________________________________________________________________________________________________________.

b) Mike’s line of conduct with Fitz depended on________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________.

c) On the one hand, Jack realized that Fitz was an asset, on the other______________ ____________________________________________________________________________________________________________________________________________________________________________________________________________.

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