杠杆收购是指这样一种产权组合形式，即收购方以目标公司的资产作抵押，向银 行借入收购所需资金，收购成功后再发行债券偿还贷款，用目标公司的收益偿还 债券本息。
Check your vocabulary
Match the words on the right with that on the left.
cachet unflattering skyrocket fickle indigo brisk sturdy salvage rugged broker surge leverage diversify recoup aspiration empowerment
save sth from loss, fire, wreck, etc active, energetic often changing, not constant respect or admiration that sb gets because of reputation (price, ect) rise to a very high level making someone look less attractive or seem worse give variety to sth, vary the process of giving lawful power or authority to sb to act persons who buys and sells things for others, middleman deep blue dye obtained from plants get back what one has spent, lost ect; strong desire or amibition rough, uneven, rocky move forward in or like waves strong, solid, determined, firm action or power of a lever, power, influence
Pre-reading Expressions
Expressions that are likely to be used to talk about changes and challenges
jump at the opportunity to do something new weather the storms of life They went through thick and thin. When opportunity knocks, he simply takes it. The abrupt change put him at the end of his tether.
Pre-readire your attitudes towards changes and challenges in life?
Like changes and challenges Don’t like changes and challenges
➢Change is a natural occurrence in life that no one can avoid. ➢Changes are challenges, are chances! So we can jump at the opportunity to do something new! ➢We become stronger after conquering the challenges in life.
Unit 6
Changes and Challenges in Life
Pre-reading Questions
How do you define changes in life? Give example to illustrate?
Changes are different choices you make at various stages of life.
look upon something as a challenge to greater exertions.
The challenges of this new world have given impetus to changes.
He can always turn a challenge to advantage.
He works at the neighborhood post office and has two children. He loves his family.
She’s the branch manager at the local grocery store. She’s proud of her new job.
Baby bust is the term applied to the period of time from 1965 1976. It refers to a sharp decrease in the number of babies born among a particular group of people. “Baby Busters" is a term which is used interchangeably with "Generation X" and "13th Generation" to describe those people born between approximately 1964 and 1977.
Background Information
Wall street (华尔街)
Wall street was named for a wall that protected Manhattan from enemies and warring Indians and now has become the center of business in the city of New York, ad has come to be known as the financial center of the world. The massive bronze statue of a bull, the symbol of Wall Street, has long been a mascot (福神) for traders on Wall Street and is located at Wall Street and Broadway. This financial district also offers a wealth of fantastic sites such as the Chase Manhattan Bank and Plaza, the Marine Midland Bank (海丰银行）, the Chamber of Commerce and so on.
➢Change is a threat to our life which has already been under control. ➢Change is bad. We're failing in some way if our lives are in confusion. So we must fix it and get it back to normal. ➢Changes are challenges, are failures! I am afraid of taking up the challenge and grappling with the plight.
Background Information
leveraged buyout
The acquisition ( 收 购 ， 获 取 ) of another company using a significant amount of borrowed money (bonds or loans) to meet the cost of acquisition. The purpose of leveraged buyouts is to allow companies to make large acquisitions without having to commit a lot of capital.
towel.
Unit 6
Changes and Challenges in Life
Reading One
Background Information
Baby boom (生育高峰) and baby bust (生育低谷)
Baby boom is the term applied to the period of time from January 1, 1946 to December 31, 1964 when there was a boom in the birth rate. This period of time saw over 77 million births occur. In part because of their sheer numbers, the generation born during this period has had a profound impact on society and the economy throughout all the stages of their lives.
Pre-reading Questions
How have you coped with the changes and challenges in your life?
Stand up to the changes and challenges in your life and face the music?
Pre-reading Expressions