CNN Marketplace2006-03-09

Michelle Wright: The New York Stock Exchange is now its own publicly traded company.
Susan Lisovicz: This is one of the most historic days at the New York Stock Exchange since a group of merchants got together under a buttonwood tree not far from where I stand, way back when in 1792.
CNN's Susan Lisovicz, the company's symbol on the Big Board is NYX.

Michelle Wright: Apples' iTunes music and video store is taking its first step towards monthly subscriptions¹ with a service called Multi-Pass that lets users buy TV shows like the Daily Show or South Park, on a monthly basis for $9. 99 or just purchase individual shows for $1.99. Meanwhile a new study reveals that most folks who either own or about to purchase iPods would tolerate some advertising² in exchange for free TV show downloads.

Gary Baumgarten: New York State Attorney General Eliot Spitzer is filing suit against radio chain Entercom saying that the employees at their 7 Western New York stations accepted gifts, trips and cash to play certain songs. Entercom Communications denies the allegation but Spitzer who has cracked down on record labels for offering incentives³ to radio stations says he is expanding enforcement now to the stations themselves. Paul Levinson, Fordham University's Communications Department chair asked why.
Paul Levinson: (inaudible) is a classic example of a victimless crime.
Gary Baumgarten: The listening public, Levinson argues, can simply switch to another station if they don't like the play given to songs on the ones influenced by the labels. Gary Baumgarten, CNN, New York.
Michelle Wright: Entercom is denying the charges.

Michelle Wright: And more tense moments in the Enron trial as former Chief Financial Officer Andrew Fastow continued his testimony⁴ against founder⁵ Kenneth Lay and CEO Jeffery Skilling. CNN's Chris Huntington reports that Fastow testified that a key goal of management was to make sure the company's stock price look good.
Chris Huntington: Fastow, many many times over, made clear that the sole purpose of these deals was to prop⁶ up Enron's finances, particularly to fool investors⁷ and to keep Enron's stock price up.
Fastow is the most senior former employee to testify so far.

With CNN Radio Marketplace, I'm Michelle Wright.
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WORDS AND EXPRESSIONS
Buttonwood tree: 1792年，24位证券交易商在华尔街68号门口的一棵梧桐树下签订了一个协定，史称“梧桐树协议（Buttonwood Agreement）”，他们商定，以后每周用几个上午在这棵树下交易，规则有三条：只在会员间进行交易，不准外人参加，交易按规定收取佣金。一般都将该事件作为纽约股票交易所象征性的诞生标志。而这三条规则也成为后来交易所的基本规则。
chief financial officer(CFO): 财务总监
Multi-Pass:多通道
Big Board: 纽约股票交易所交易公告牌

1 subscriptions   

n.（报刊等的）订阅费( subscription的名词复数 )；捐款；（俱乐部的）会员费；捐助

参考例句：

• Subscriptions to these magazines can be paid in at the post office. 这些杂志的订阅费可以在邮局缴纳。 来自《简明英汉词典》
• Payment of subscriptions should be made to the club secretary. 会费应交给俱乐部秘书。 来自《简明英汉词典》

2 advertising   

n.广告业；广告活动 a.广告的；广告业务的

参考例句：

• Can you give me any advice on getting into advertising? 你能指点我如何涉足广告业吗?
• The advertising campaign is aimed primarily at young people. 这个广告宣传运动主要是针对年轻人的。

3 incentives   

激励某人做某事的事物( incentive的名词复数 )； 刺激； 诱因； 动机

参考例句：

• tax incentives to encourage savings 鼓励储蓄的税收措施
• Furthermore, subsidies provide incentives only for investments in equipment. 更有甚者，提供津贴仅是为鼓励增添设备的投资。 来自英汉非文学 - 环境法 - 环境法

4 testimony   

n.证词；见证，证明

参考例句：

• The testimony given by him is dubious.他所作的证据是可疑的。
• He was called in to bear testimony to what the police officer said.他被传入为警官所说的话作证。

5 Founder   

n.创始者，缔造者

参考例句：

• He was extolled as the founder of their Florentine school.他被称颂为佛罗伦萨画派的鼻祖。
• According to the old tradition,Romulus was the founder of Rome.按照古老的传说，罗穆卢斯是古罗马的建国者。

6 prop   

vt.支撑；n.支柱，支撑物；支持者，靠山

参考例句：

• A worker put a prop against the wall of the tunnel to keep it from falling.一名工人用东西支撑住隧道壁好使它不会倒塌。
• The government does not intend to prop up declining industries.政府无意扶持不景气的企业。

7 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会