The picture above is linked to a video from pbs.org, on the big "insider trading" scandal involving Raj Rajaratnam's Galleon hedge fund. You can also find the written transcript together with the video here at [ http://www.pbs.org/nbr/site/onair/transcripts/nbr_transcripts_110308/index.html ]. (This "insider trading" case runs for about the first 5:30 mins of the whole video program.)
"Insider trading" is an economic crime that involves the making of illegal profits from "the buying or selling of a security by someone who has access to material, nonpublic information about the security", says Investopedia.
Rajaratnam's Galleon case is "the largest ever insider trading case involving hedge funds", according to the New York Times at [ http://www.nytimes.com/2009/12/16/business/16insider.html/?_r=1 ].
Some notes on the language:
- confidential - "confidential informants" - "confidential": secret
- "material" - is not only a noun meaning some subtance; it is also in "material information" an adjective meaning subtantial, substantive, important, relevant
- "poster child": someone whose public image is regarded as strongly representative of something (e.g. representative of a social movement)
Don't be scared if there is a lot that you don't understand. As long as you learn a little something new, then that is valuable: learning bit by bit is natural learning. By watching and listening, you will also be more exposed to, and more familiar with, various sentence structures and other language techniques used by English speakers.
I'll be happy to receive questions and comments from English learners, and I'll try to answer your queries here about the language in this video. I look forward to your comments!
[A rare opportunity for you to speak, practice, chat and learn English especially for business, finance, law, international economies & trade at the webpage for Mastery English.]
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