VOCABULARY BUILDING-JH's Word List(season2)

VOCABULARY BUILDING-JH's Word List

01 insufficient	These measures, however good in themselves, were insufficient for the real extent of the evil. Distance alone is insufficient to specify all properties at space.
02 salient	There are four points that were salient then and remain paramount in all policies today. -paramount
03 market penetration	Market penetration occurs when a company enters/penetrates a market with current products. The best way to achieve this is by gaining competitors' customers (part of their market share). Other ways include attracting non-users of your product or convincing current clients to use more of your product/service (by advertising etc).
04 maintain	maintenance
05 understanding	They granted loans to merchants with the understanding that if a particular shipment of goods was lost at sea, the loan didn't have to be paid.
06 filibuster	A filibuster, or "speaking or talking out a bill", is a form of obstruction in a legislature or other decision-making body whereby one attempts to delay or entirely prevent a vote on a proposal by extending a debate on that proposal.
07 deliberative body(审议实体)	The Senate filibuster has turned what some have called the "greatest deliberative body" into a place where passing the simplest bill takes days or weeks and a major bill like health reform ends up in a month-long slog of round the clock and weekend sessions and a final vote on Christmas Eve.
08 prosthesis	The prosthetics industry is growing rapidly, and, according to Hugh Herr, the director of MIT Media Lab's Biomechatronics Group, advanced prostheses will soon become envied in the same way the newest electronic gadget or the hottest car is today.
09 apparatus	Eyeglasses -- it's a fucking sex apparatus. Often people can have contact lenses, but they choose in certain social environments to wear their glasses
10 pump from a dry well	Exploitation without exploration will ultimately result in trying to pump from a dry well.
11 backbone	The internal structure is the supporting backbone of the organisation.
12 investment horizon	Convergence of the market price to perceived intrinsic value may not happen within the investor's investmenthorizon
13 catalyst	So, besides evidence of mispricing, some active investors look for the presence of a particulat market or corporate event(catalyst) that will cause the marketplace to re-evaluate a company's prospects.
14 merit v.	In examining financial and operational strategic execution, two caveats merit mention.
15 endogenous	A variable is called endogenous if it is explained within the model in which it appears. For example, in a supply and demand model of an agricultural market, changes in the weather or in consumer tastes would be exogenous variables that might shift the supply and demand curves; the price and quantity of trade would be the endogenous variables explained by the model.
16 hasten	Competition across national stock exchanges and the increased volume of trading hastened the adoption of computerized systems, including price quotation, order routing, and automatic order matching.
17 no-frills	gPodder looks like a simple no</I>-frills podcast manager, but underneath the hood you'll find a huge array of options and some perks
18 Succumb	Even when you arrange their parts in all the right ways, they can still succumb to acute prolixity
19 punctilious	He was always punctilious in his manners.
20 prune	In every case, we simply prune the redundant modifier
21 mucous membrane	We know that time is a period, that the mucous membrane is an area, that pink is a color, and that shiny is an appearance.
22 spin	If a bullet is spinning around its long axis as it emerges from a gun barrel it is likely to keep that same orientation as it moves toward its target.
23 barrel	The way to make a bullet spin is to sctatch long spiral grooves on the inside of the gun barrel.
24 peep	Once or twice she had peeped into the book her sister was reading, but it had no pictures or conversations in it.
25 waistcoat	But when the Rabbit actually took a watch out of its waistcoat-pocket, and looked at it, and then hurried on, Alice started to her feet, for it flashed across her mind that she have never before seen a rabbit with either a waistcoat-pocket, or a watch a take our of it.
26 pop	Burning with curiosity, she ran across the field after it, and fortunately was just in time to see it pop down a large rabbit-hole under the hedge.(If you pop somewhere, you go there for a short time.)
27 in the world	In another moment down went Alice after it, never once considering how in the world she was to get out again.
28 Marmalade	She took doen a jar form one of the shelves as she passed: it was labelled 'ORANGE MARMALADE'.
29 tumble	After such a fall as this, I shall think nothing of tumbling down stairs!
30 Antipathy	She'd often spoken of her antipathy towards London. (How funny it'll seem to come out among the people that walk with their heads downwards! The Antipathies, I think)
31 curtsey	And she tried to curtsey as she spoke--fancy curtseying as you're falling through the air!
32 It'll never do	And what an ignorant little girl she'll think me for ask! NO, it'll never do to ask: perhaps I shall see it written up somewhere.
33 saucer	'Dinah'll miss me very much tonight, I should think!' "I hope they'll remember her saucer of milk at tea-time"
34 doze off	She felt that she was dozing off, and had just begun to dream that she was walking hand in hand with Dinah, and saying to her very earnestly,
35 heap	She came upon a heap of sticks and dry leaves, and the fall was over.
36 whisker	Away went Alice like the wind, and was just in time to hear it say, as it turned a corner, 'Oh my ears and whiskers, how late it's getting!'
37 down one side and up the other(thoroughly)	And when Alice had been all the way down one side and up the other, trying every door, she walked sadly down the middle, wondering how she was ever to get out again.
38 kneel	She knelt down and looked along the passage into the loveliest garden you ever saw.
39 fountain	How she longed to get out of that dark hall, and wander about among those beds of bright flowers and those cool fountains, but she could not even get her head though the doorway.
40 telescope	Oh, how I wish I could shut up like a telescope!
41 decimate	overseas textile firms decimated the U.S. textile industry.
42 curb	Chinese stocks were hurt by Beijing's move to curb property speculation.
43 harsh	THE IMF, with the harsh retrenchment packages it imposed on indebted countries, used to be accused of clobbering ordinary people in order to protect big finance.
44 plug	governments, most of whom are desperate to plug big holes in the public finances, have now been given a template for raising levies that are lucrative, wildly popular and come with the imprimatur of capitalism's policeman.
45 bail	investors assume that many of them are “too big to fail” and thus the banking system will be bailed out by governments in a crisis, which means the banks can borrow abnormally cheaply compared with their risk levels, because of the free insurance policy that the taxpayers provide.
46 opaque	And it is why badly run, opaque or risky firms can still command market confidence.
47 fine-tune	But over time it wants to fine-tune the rate so that financial institutions pay according to their “riskiness and systemicness”.
48 rejig	This will be a challenge and, to the extent that it is possible, it is arguably the job of global capital-adequacy rules, which are already being rejigged under the auspices of the Basle Committee on Banking Supervision.
49 muddle	And muddled objectives seemed to have led the IMF to make some quirky decisions.
50 assuage	Its populist title, the financial-activities tax (FAT), hints that it is intended to assuage popular anger against fat-cat bankers
51 pivotal	The speech comes at a pivotal moment in Senate negotiations over a sweeping measure to re-regulate the financial industry.
52 accusations	After trading barbed accusations, senators from both parties now say they are near a deal that would preserve the framework of Mr. Obama's plan.
53 implore	As he has done several times in the year-long debate, the president will implore industry executives to call back the lobbyists engaged in "furious efforts" to thwart or water down his legislation.
54 teetering	The legislation would grant the federal government the power to seize teetering financial giants and dismantle them the same way the Federal Deposit Insurance Corporation now can seize failing banks.
55 hodgepodge	His 2008 suggestion of streamlining the hodgepodge of "overlapping and competing regulatory agencies" has been abandoned. But he will dwell more on the warnings he issued in that first Cooper Union address.
56 dire	One of the most significant contributors to this recession was a financial crisis as dire as any we've known in generations
57 crunch	THE global credit crunch was universally painful.
58 swoop	WHEN Bank of America swooped on Merrill Lynch in September 2008, BofA’s boss, Ken Lewis, was applauded for rescuing the investment bank from the same fate as Lehman Brothers.
59 resemble	But it soon began to resemble the marriage from hell. marriage from hell. 有时又作 marriage made in hell， 痛苦不堪的结合， 比错误的结合更情绪性
60 spiral	Merrill’s spiralling mortgage-related losses forced the combined firm to take an extra $20 billion of public money, raising the total to $45 billion and branding it a recipient of “exceptional” federal assistance.
61 fume	Shareholders fumed that Mr Lewis had overpaid for a lemon—the price tag was $50 billion in BofA shares—and had not been upfront about bonuses paid to the acquired firm’s “stars”.
62 toing and froing	The bank was hit with a series of probes, one of which ended, after much toing and froing, in a $150m settlement with regulators. 该银行因而遭受了一系列的调查，其中之一在不少讨价还价之后与监管单位以一亿五千万美元和解
63 lmpe war-weary	A war-weary Mr Lewis limped into retirement at the end of 2009, earlier than planned.
64 ebbed	Though the outrage has ebbed in recent months and BofA has repaid the $45 billion it got from the taxpayer, the perception lingers that the Merrill deal was a stinker.虽然最近几个月公愤已有所消解，而美银也还清向纳税人所借的四百五十亿美元，但是美林的交易依旧被认为是其臭无比
65 risible	There are many risks, but Mr Lewis’s prediction that Merrill would come to be seen as “a thing of beauty” no longer looks risible.
66 noxious; top-notch securities	BofA got a pile of noxious mortgage securities, but also top-notch securities-trading and underwriting businesses, and Merrill’s “thundering herd” of brokers and wealth managers, the jewel in its crown.
67 disguise	For some at Merrill, answering to bosses in Charlotte, North Carolina, who had done little to disguise their suspicion of Manhattan’s Porsche-drivers was simply too much.对一些美林的旧员工而言，要承仰北卡罗莱纳夏洛特那些乡巴佬的鼻息，还得被他们毫不掩饰的怀疑是过度豪奢
68 smother	BofA did not smother Merrill, even though the New York firm was in a position of weakness.虽然美银处于优势，但并未因而过度压制美林
69 defectors	A number of defectors have been tempted back, including Todd Kaplan, a star investment banker and Merrill veteran.
70 bigwig	Sallie Krawcheck, a former Citigroup bigwig who was hired last August to run wealth management, has worked hard to scotch rumours that the brokers would lose their cherished commission-based pay structure or would be turned into glorified bank tellers.
71 stampede trot attrition	These efforts are bearing fruit. The stampede has slowed to a trot—the attrition rate for “top producers”, brokers who bring in $1m or more, hit a ten-year low in the fourth quarter of 2009.
72 turf	This matters because such businesses are likely to grow faster than domestic retail banking, BofA’s traditional turf, in coming years as households borrow and spend less.
73 brass	Before the crisis, the bank’s top brass were comfortable with its focus on the American consumer, arguing that he offered the greatest potential for fees over the next decade.
74 buoy	In 2009 Merrill’s businesses buoyed group results, which would otherwise have been dragged deep into the red by losses in credit cards and mortgages
75 cornerstone	Moreover, Merrill is seen as a cornerstone of a strategic push into new markets.
76 headway	though it has made less headway in China than some of its Wall Street rivals
77 hawk	The legacy Merrill business now has an array of loan and cash-management products to hawk to international clients.
78 home turf	An example is treasury services (helping companies manage payments to suppliers, collect receivables and so on), a humble yet lucrative business in which BofA is number one on its home turf.
79 pull off	In practice, such “cross-selling” is hard to pull off.
80 dismantle	Witness the dismantling of the financial supermarket that Citigroup tried and failed to build.
81 heft	Ms Krawcheck draws a contrast with her former employer, saying that though Citi had heft, it lacked a “culture of referrals”.
82 nab	In retail brokerage, for instance, MSSB and the combined Wells Fargo/Wachovia are moving enthusiastically to nab business.
83 supercharged	In investment banking, the industry’s revenues will shrink by 10% or more this year as supercharged capital markets return to normal
84 attorney-general	It is fighting fraud charges from New York’s attorney-general.
85 dismissal	the recent dismissal of a suit alleging that Merrill manipulated the market for auction-rate securities came as welcome news.
86 toute	Nonetheless, some of the merger benefits Mr Lewis touted look real enough.
87 veteran	Dick Bove, a veteran bank analyst with Rochdale Securities, thinks the group could fetch $53 per share in a break-up. That is almost three times its current worth.