Lesson 2 26/02/2014

Two common mistakes:

1. He was has been very ill lately
2. He must of have been very rich, he left a lot of money to charity.
          Ex. Warren Buffet is very rich, even if he left a lot of money to charity

Grammar: 3rd conditional 

- We can use the third conditional to talk about something happened in the past.
- Talk about something that is already happened means that we are talking about something we cannot change.
- We are supposing an unrealizable situation

1. Unrealizable
2. Past
3. Hypothetical

(1)If + past participle + obj     ,     (2)Subj + Perfect infinitive + obj

(1) Conditional clause     (2) Result clause

• If I had been the Wolf of Wall Street, I would have spent much money in cars and less in drug. (But I wasn' t him (and I' m not him) so I didn' t)
  
• He would have chosen a different mobile phone, if he had known that the camera didn' t work. (But he didn' t know, so he didn' t)
  
• I could have scored a goal, If I had played the match.
• If I had won the lottery, I would have bought a car.
• She might have accepted the invitation, if he hadn' t been so rude.

Speaking: stressed words
-The main verbs (and not the auxiliary)
-Nouns
-Adverbs
-All the words that carry a lot of information.

•  If I had been the Wolf of Wall Street, I would have spent much money in cars and less in drug.
•  He would have chosen a different mobile phone, if he had known that the camera didn' t work. 
•  I could have scored a goal, If I had played the match.
•  If I had won the lottery, I would have bought a car.
•  She might have accepted the invitation, if he hadn' t been so rude.

Vocabulary 

To make redundant: Licenziare

•     He might not have been arrested, if he hadn' t made employees redundant.

Profit&Loss: An account compiled at the end of a financial year showing that year's revenue and expense items and indicating gross and net profit or loss. [Conto economico]

• The chief executive has to make the profit and loss account at the end of a financial year to show the economic performance.

Supply and demands: [domanda e offerta]

• According to the market principles, the balance between supply and demands is an important requisite for a healthy economy

Imports and exports: [importazioni ed esportazioni]

Assets & liabilities: The property and claims against debtors that a business enterprise may apply to discharge its liabilities. Assets may be fixed, current, liquid, or intangible and are shown balanced against liabilities [Attività e passività, Stato patrimoniale]

• His enterprise was immersed in debts, so assets and liabilities weren' t balanced.

Creditors and debitors: [creditori e debitori]

Takeovers/Mergers:

• Merger: A merger involves the mutual decision of two companies to combine and become one entity; it can be seen as a decision made by two "equals".
  -If KPMG and Ernst&Young would eventually decide to do a merger, they would have the power to control the market of their products.
• Takeover: A takeover, or acquisition, is characterized by the purchase of a smaller company by a much larger one. This is a combination of "unequals".
  - We need the Chief Executive' s agreement to conclude the takeover.

Income and expentirure: [Entrate e Spese]

• A reform of income and expenditure policy is needed.

Boom/Slump:

• Boom: A period of economic growth.
• Slump: A period of recession.