Practice Listening - New Season

I am Dug Johnson with the VOA Special English Economics Report.
Intrade is a trading exchange for politics, current events and all sorts of the future happenings. It is similary in some ways to a future market, but its contracts are for only small amounts and they do not offer price protection. Instead, Intrade can be seen as the place to test the "wisdom of crowds". "The wisdom of crowds" is the name of a 2004 book by James Sir Wicky. He argues that large groups often make better decisions than a few experts.
Intrade is cre***ed for example with correctly choosing how all 50 states would vote in the American presidential election last year. Still, the Irish company that owns Intrade and two other websites recently got into trouble in the United States. On October 4th, a federal agency settled the cases with Trade Exchange Network Limited. The Como***ies Future trading commision found that the company had offered some kinds of contracts banned by the agency. The company did not admit or deny it, but agreed to pay a fine of 150,000 dollars. Como***y Futures involve widely traded goods like oil, grain, energy, and gold.
Future Tradings require two kinds of traders. One wants to protect against price changes, the other want to profit from them. It can be highly complex, but imagine a farmer is worried about soybean prices . The farmer thinks prices will rise in the future, but has a crop to sell now . Say, the current price is 5 dollars a bushel. The farmer can purchase the contract to buy, yes, buy 50,000 bushels of soybean at the current price, but not for 3 months. In 3 months, the market price is 6 dollars. The farmer can now use the contract to buy the soybean at 5 dollars a bushel. The farmer does not get the 50,000 bushels. Instead, the farmer gets 50,000 dollars, the difference between the market price and the contract price.
How ? Well, the seller of the contract thought soybean prices would go down. When the price went up, the seller was responsible for the fault market value. Had prices dropped ? The farmer would have lost only the money to buy the contract, a small part of the fault value. All buying and selling on future exchange takes place through a single organizations or clearing house. Real goods are rarely exchanged, only money.
This VOA Special English Economics Report was written by Mario Ritter. I am Dug Johnson.

I''m Doug Johnson with the VOA Special English Economics Report.
Intrade is the trading exchange for politics, current events and all sorts about the future happenings. It is similar in some way to a future market. But its contracts are only for small amounts, and they do not offer price protection. Instead, intrade can be seen as a place to test "The wisdom of crowds".
"The wisdom of crowds" is the name of a 2004 book by James Surowiecki. He argues that large groups often make better decisions than a few experts.
Intrade is cre***ed for example with correctly choosing how all fifty states would vote in the American presidential election last year.
Still, the Irish company that owns Intrade and two other websites recently got into trouble in the United States. In October fourth, a federal agency settled a case with the Trade Exchange Network Limited. The Commo***y Future Trading Commission found that the company had offered some kinds of contracts than by the agency. The company did not admit or deny it but agreed to pay a fine of $150,000.
Commo***y Future involve widely traded goods like oil, grain, energy and gold. Future trading requires two kinds of traders. One wants to protect against price changes. The other wants to profit from them. It can be highly complex. But, imagine a farmer is worried about soybean prices. The farmer thinks prices will rise in the future, but has a crop to sell now. Say the correct price is $5 a bushel. The farmer can purchase a contract to buy. Yes, buy 50,000 bushels of soybean at the correct price, but not for three months.
In three months, the market price is $6. The farmer can now use the contract to buy the soybeans at $5 a bushel. The farmer does not get the 50,000 bushels. Instead, the farmer gets $50,000, the difference between the market price and the contract price.
How? Well, the seller of the contract ??? soybean prices would go down. When the price went up, the seller was responsible for the fall market value. Had prices dropped? The farmer would have lost only the money to buy the contract, a small part of the fall value. All buying and selling on a future exchange takes place through a single organization, a clearing house. Real goods are really exchanged, only money.
This VOA Special English Economics Report was written by Mario Ritter. I''m Dough Johnson.

Em nộp bài đây.Cảm ơn wai lần trc chữa bài nhé.
Using the ?~Wisdom of Crowds?T to Tell the Future .
I''m Doug Johnson with the VOA Special English Economics Report. Intrade is the trading exchange for politic current event and all sorts about the future happening. It is similar in some ways to a future market. But its contracts are only for small amount. And they do not offer price protection. Instead, intrade can be seen as place to test the ''Wisdom of Crowds''. The ''Wisdoms of Crowds'' is the name of a 2004 book by James Surowiecki . He argued that large groups often make better decision than a few experts. Intrade is cre***ed for example with correctly choosing how all 50 states would vote in the American presidential election last year.
Still, the Irish Company that own intrade and two other websites recently got into trouble in the United States. On October 4th, a Federal Agency settled the case with the trade exchange network limited. The Commo***y Future Trading Commission found that the company has offered some kinds of contract banned by the agency. The company did not admit or deny yet but agreed to pay a fine of 150,000 dollars.
Commo***y future involves widely traded goods like oil, grain, energy and gold. Future trading requires two kinds of traders. One wants to protect against price changes. The other wants to profit from them. It can be highly complex.
But, imagine a farmer is worried about soybean prices. The farmer thinks the prices will rise in the future but has a crop to sell now. Said the current price is 5 dollars a bushel .The farmer can possess a contract to buy, yes, buy 50,000 bushels of soybean at the current price, but not for three months. In three months, the market price is 6 dollars. The farmer can now use the contract to buy the soybean at 5 dollars a bushel. The farmer did not get the 50,000 pushels. Instead, the farmer gets 50,000 dollars, the difference between the market price and the contract price.
How? Well, the seller of the contract thought soybean prices would go down. When the price went up, the seller was responsible for the full market value. Had prices dropped, the farmer would have lost only the money to buy the contract, a small part of the full value. All buying and selling on a future exchange take place through a single organization, a clearing house. Real goods are really exchanged - only money.
This VOA Special English Economics Report was written by Mario Ritter. I''m Doug Johnson.

Using the "Wisdom of crowds" to tell the future.
I''''''''m Doug Jonhson with The VOA Special English Economics Report.
Intrade is the trading exchange for politics current events and all sure to farther future happenings. It is similar in some ways to a future market but its contracts are only for small amounts and they do not offer price protection. Instead, intrade can be seen as a place to test the wisdom of crowds. " The wisdom of crowds" is the name of the 2004 book by Jame Surwisky. He argued that large groups offen make better decision than a few experts. Intrade is cre***ed for example: with correctly choosing how all 50 states would vote in the America presidential election last year still the Iris company that owns intrade and two other websites recently got into trouble in the United states. On October 4th, a federal agency settle the case with the chase exchange network limited. The commo***y''''''''s future trading commission found that the company had offer (?)some kinds of contracts than by the agency. The company did not admid or deny it but agree to pay a five of 150.000 dollars. Commo***y future involve widely traded goods like oil, green, energy and gold. Future trading requires two kinds of traders, one wants to protect against price changes, the other wants to profit from them. It can be highly complex but imagine of farmer is worried about soya bean prices. The farmer thinks prices will rise in the future but has a crop to sell now. Say the current price is 5 dollars a bushel, the farmer can purchase a contract to buy , yes buy 50.000 bushels of soya bean at current price but not for three months. In three months, the market price is 6 dollars the farmer can now use the contract to buy the soya bean at 5 dollars a bushel. The farmer did not get the 50.000 bushels instead the farmer gets 50.000 dollars the differents between the market price and the contract price. How well the seller at the contract for soya bean price would go down , when the price went up the seller was respondsible for the full market value. Has prices drop- the farmer would have loss only the money to buy the contract a small part of the full value.
All buying and selling on a future exchange take place to a single organization a clearing house. Real goods and rarely exchange only money.
This VOA Special English Economics Report was written by Mario Ritter.
I''''''''m Doug Jonhson!
Được vananh_jackfruit sửa chữa / chuyển vào 13:25 ngày 01/12/2006
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Chúc mọi người thi tốt, sớm kết thúc kỳ thi để Maroon đỡ vất vả
Using the ?~Wisdom of Crowds?T to Tell the Future.
I?Tm Doug Johnson with the VOA Special English Economics Report.
Intrade is the trading exchange for politics, kerb /di?Tvens/ and all sorts about the future happenings. It is similar in some ways to a futures market. But its contracts are only for small amounts. And they do not offer price protection. Instead, intrade can be seen as a place to test the Wisdom of Crowds.
The Wisdom of Crowds is the name of a Two thousand four (2004) book by Jamesaw Wicky. He argues that large groups often make better decisions than a few experts.
Intrade is cre***ed, for example, with correctly choosing how all fifty states would vote in the American presidental election last year.
Steel, the iwis company that owms Intrade and two other websites recently got into trouble in the United States. On October fourth, a federal agency settled a case with the Trade Exchange Network Limited. The Commo***ies Futures Trading Commission found that the company had offered some kinds of contracts, then, by the agency. The company did not admit or deny it, but agreed to pay a fine of one hundred fifty thousand dollas.
Commo***y futures involve widely trade goods like oil, grain, energy and gold. Futures trading requires two kinds of traders. One wants to protect against price changes. The other wants to profit from them. It can be highly complex.
But imagine a farmer is worry about soy-bean prices. The farmer thinks prices will rise in the future, but has a crop to sell now. Say the kerb price is five dollas a /bosn/. The farmer can purchase a contract to buy , yes, buy fifty thousand /bosnz/ of soy-bean at the kerb price, but not for three months. In three months, the market price is six dollas. The farmer can now use the contract to buy the soy-beans at five dollar a /bosn/. The farmer does not get the fifty thousand /bosnz/. Instead, the farmer gets fifty thousand dollas, the difference between the market price and the contract price. How? Well, the seller of the contract for soy-bean prices would go down. When the price went up, the seller was responsible for the fall market value. Had prices drop, the farmer would have lost only money to buy the contract, a small part of the fall value. Or buying and selling on a futures exchange takes place to a single organisation, a clearing house. Real goods are really exchanged: only money.
This VOA Special English Economics Report was written by Mario Ritter. I?Tm Doug Johnson.

Iâ?Tm Doug Johnson with the VOA Special English Economic Report.
Intrade is the trading exchange for politics event and all sort the future happenings. It is similarly some ways to a future market. But it contrast or only for small amounts and they do not offer private protection. Instead Intrade can be seen the place to test the wisdom of crowns. The wisdom of crowns is the name of the 2004 book by Jamesir Weeky. He argued that last groups often make better decision than a few export.
Intrade is cre***ed for example: with correctly choosing how all 50 states would vote in the American presidential election last year. Still I wish the company that all Intrade and two other websites got in to trouble in the United State. On October 4th a federal agencies decay with the trade exchange network limited.
The Communities Future Trading Commission fall that the company has offered some kind of contrast ben by the agencies. The company did not eat meat or dinner yet but agreed to pay or five of 150.000 dollars. Community Futures involves widely trading goods like oil, grain, energy and gold. Future Trading requires two kind of traders. One of two protect against by changer, the other one two profit from them.
It can behind be complex. But imagine of farmer worry about soy-been prices. The farmer thinks prices will right in the future. But hasnâ?Tt crop to sell now. Say the correct prices five dollars a brusher. The farmer can purchase the contrast to buy yes buy 50.000 brusher of soy-bean after correct prices but not for three months. In three months the market prices is six dollars. The farmer can now use the contrast to buy the soy-bean at five dollars a brusher. The farmer did not get the 50.000 brushers. Instead the farmer gets 50.000 dollars.
The different between the market prices and the contrast prices. How well the seller of the contrast first soy-bean prices would go down. When the price went up the seller was responsible for the four market value. Has prices dropt the farmer would have lost all money to buy the contrast a small part of for value.
All buy and selling on a future exchange take place to a single organization a clearing how. Real goods are really exchange only money.
This VOA Special English Economic Report was written by Mario Ritter.
Iâ?Tm Doug Johnson

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Using the ?oWisdom of crowds? to tell the future
I?Tm Doug Johnson with the VOA Special English Economics Report.
Intrade is a trading exchange for politics, current events and all sorts of other future happenings. It is similar in some ways to a future market. But its contracts are only for small amounts and they do not offer price protection.
Instead, intrade can be seen as a place to test the wisdom of crowds. The wisdom of crowds is the name of a 2004 book by Jame Surowiecki. He argues that larges group often make better decision than a few experts.
Intrade is cre***ed, for example, with correctly choosing how all fifty states would vote in the American presidental election last year.
Still, the Irish company that owns intrade and two other websites recently got into trouble in the United States.
On October fourth, a federal agency settled the case with the trade exchange network limited. The commo***ies future trading permission found that the company had offered some kinds of contracts banned by the agency. The company did not admit or deny it but agree to pay a fine of one hundred fifty thousand dollars. Commo***y futures involve widely traded goods like oil, grain, energy and gold.
Futures trading requires two kinds of traders. One wants to protect against price changes. The other wants to profit from them. It can be highly complex. But, imagine a farmer is worried about soil bean prices. The famer thinks prices will rise in the future but has a crop to sell now. Say the current price is five dollars a busso, the famer can purchase a contract to buy, yes, buy fifty thousand busso of soil bean at the current price, but not for three months. In three months, the market price is six dollars. The farmer can now use the contract to buy the soil bean at five dollars a busso. The farmer does not get the fifty thousand bussos. Instead, the farmer gets fifty thousand dollars.
The difference between the market price and the contract price? How? Well, the seller of the contract finds soil bean prices would go down. When the price went up, the seller was responsible for the fall market value. Had prices dropped, the famer would have lost only the money to buy the contract ?" a small part of the fall value, or buying and selling on a future exchange take place through a single organisation, a clearing house.
Real goods are rarely exchanged, only money.
This VOA Special English Economics Report was written by Mario Rita. I?Tm Doug Johnson.