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10. Vice, Investment, and the Seven Deadly Sins

1. Before listening Match the terms used in the interview and their definitions with the Russian translation.

1) sin - an action, thought, or way of behaving that is wrong according to religious laws;

2) vice - extremely bad and immoral behaviour, or a bad habit or personal quality;

3) pride - a feeling of pleasure and satisfaction that you get when you, or someone connected with you, have achieved something special;

4) greed - a strong wish to have more money, things, or power than you need;

5) envy - the unhappy feeling that you have when you want very much to do something that someone else does or to have something that they have;

6) anger - the strong feeling you get when you think someone has treated you badly or unfairly, that makes you want to hurt them or shout at them;

7) lust - great enthusiasm for something, or feeling sexual excitement or desire;

8) gluttony - the bad habit of eating or drinking much more than you need;

9) sloth - lazy behaviour;

10) cruelty - behaviour that deliberately causes pain to other people or animals, or that makes them unhappy or upset;

11) adultery - sex that takes place between a married person and someone who is not their husband or wife;

12) bigotry - having very strong and unreasonable opinions, esp. about politics, race, or religion, and refusing to consider other people’s opinions;

13) dishonesty - behaviour that involves cheating, dishonest and insincere behaviour;

14) hypocrisy - behaviour in which someone claims to have certain moral principles or beliefs but behaves in a not sincere way;

15) selfishness - thinking only about yourself and not caring about other people.

a) гордыня;

b) грех;

c) алчность, скупость;

d) порок;

e) зависть;

f) обжорство, чревоугодие;

g) гнев;

h) леность, праздность;

i) сладострастие, похоть;

j) жестокость, бездушие;

k) фанатизм; нетерпимость;

l) себялюбие;

m) прелюбодеяние;

n) нечестность, лживость;

o) лицемерие.

2. Before listening Match the terms used in the interview with the definitions.

1) to boast

2) to condemn

3) to eradicate

4) secular

5) to commission an opinion poll

6) to frown on

7) to indulge

8) to level at

9) to contemplate

10) to cease

a) to get rid of something completely, especially something bad;

b) to not approve of something;

c) not religious, or not connected with religion;

d) to proudly tell other people about what you or someone connected with you has done or can do, or about something you own, especially in order to make them admire you;

e) to officially ask for a piece of work to be done for you, or an attempt to find out what people in general think about a subject by asking some people questions about it;

f) to allow yourself to have or do something that you enjoy;

g) to stop happening or continuing;

h) to say publicly that you think someone or something is bad or wrong;

i) to criticize or accuse someone;

j) to think very carefully about something for a long time.

3. ҉ When listening For each question, choose the best answer depending on the information in the text.

1. What does the writer think of The Vice Fund?

a) It is a great idea. b) It is evil and sinful.

c) It is more honest about its aims than most investment funds.

d) It ought to expand its investments to include pride, lust and envy.

2. How does the Financial Times suggest we should approach investment opportunities?

a) We should only invest in ethically sound companies.

b) We should only invest in ethically unsound companies.

c) We should only invest on the basis of BBC opinion polls.

d) We should ignore ethical considerations.

3. Which of the following is one of the traditional "seven deadly sins"?

a) grumpy; b) sleepy; c) envy; d) taxidermy.

4. Which of these was voted a modern "deadly sin" in this year's BBC survey? a) cruelty; b) must; c) sloth; d) anger.

5. In which of these areas does The Vice Fund NOT invest?

a) cigarettes; b) guns; c) casinos; d) sloths.

6. How long have vices been categorised in term of the "seven deadly sins"?

a) since the 6th century; b) since the 16th century;

c) since a recent BBC poll; d) since Adam ate the apple.

4. After listening Answer the following questions.

  1. Lawyers believe that morals and law cannot be combined. Can you say the same about finance?

  2. Do you share the idea that the list of seven deadly sins should be revised nowadays?

5. April Fool's Day Financial Hoaxes

Lottery Tickets Instead of Pension Payments (2004)

The Tokyo Shimbun reported this on its front page: "The government is seriously considering a project which includes issuing lottery tickets to citizens to balance the inevitable cuts in pensions counting on the fact that it would be better to give them dreams of future wealth instead of making them pay more in order to keep present pension figures." Readers were said to be hopeful that the joke didn't turn out to be a satirical prophecy.

Berlin Sells Railway Station Names (2001)

The German Der Tagesspiegel reported that the City of Berlin planned to raise money by auctioning the naming rights of the city's railway stations to the highest bidders. The city hoped it could raise as much as DM5m per station in this way. There was also discussion of charging the descendants of the 19th century composer Richard Wagner retrospectively for the existing station at Richard Wagner Platz.

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