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#0396 – Dealing in the Black Market, - Ang, mater, ESL Podcast McQuillan Jeff mp3+PDF

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English as a Second Language Podcast
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ESL Podcast 396 – Dealing in the Black Market
GLOSSARY
line of work –
type of work; field or area of work; kind of job; industry
* Sajid can’t decide which line of work he wants to get into, but it will probably be
computer programming or banking.
import/export –
the process of buying/selling products internationally,
bringing/sending them from one country to another
* Cars are a very large part of the import/export market.
shifty –
not straightforward; hiding something; not completely open or telling the
whole truth
* When we asked where she had been last night, she became shifty and wouldn’t
tell us.
on the up and up –
legal; legitimate; straightforward and honest
* We never buy medicine from a pharmacy unless we’re sure that it’s on the up
and up.
black market –
the economic system of buying and selling things illegally,
usually because they are not available legally
* All marijuana is sold on the black market because it is illegal to sell it in the
United States.
free market –
an economy where prices are set by the people who sell things,
not by the government
* The United States has a free market economy, so if there is a lot of something,
it is cheaper than if there is very little of something.
gray market –
an economic system between the black market and the free
market, where buying and selling things is technically legal, but it seems wrong
* Have you ever bought anything on the gray market?
stolen goods –
things that have been taken from other people without their
permission or knowledge and are then resold
* That man is selling a lot of beautiful necklaces on the street, but I think they are
stolen goods.
naive –
not sophisticated; not knowledgeable about how the world really is, so
one is easily tricked or confused by other people
* Frannie has never been kissed, so she feels very naive around her married
friends.
1
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English as a Second Language Podcast
www.eslpod.com
ESL Podcast 396 – Dealing in the Black Market
underground economy –
black market; the economic system of buying and
selling things illegally and not paying taxes or reporting on the business to the
government
* When countries have a lot of economic problems, sometimes the only way to
buy food is through the underground economy.
smuggler –
someone who takes things from one place to sell them in another
place, usually between countries, illegally and without paying to do so
* The police caught the smuggler trying to bring endangered animals into the
country on a ship.
counterfeit –
fake; false; not real; a copy of something that is made to trick other
people into thinking that it is real
* This $10 bill is a counterfeit, but it is very hard to see the difference between it
and a real $10 bill.
pirated –
copied illegally, usually music or a video, without permission from the
original creator
* Pirated CDs are much cheaper than the originals, but the musicians don’t get
any money when you buy them.
to go into business with (someone) –
to begin to work with someone, usually
as a partner; to open a new business with someone
* Are you going to start the restaurant by yourself, or will go into business with
James?
set in stone –
firmly decided; definite; not going to change
* They want to get married in June, but the date isn’t set in stone yet.
2
These materials are copyrighted by the Center for Educational Development (2008). Posting of
these materials on another website or distributing them in any way is prohibited.
English as a Second Language Podcast
www.eslpod.com
ESL Podcast 396 – Dealing in the Black Market
COMPREHENSION QUESTIONS
1. Which of these is not part of the underground economy?
a) The black market.
b) The free market.
c) The gray market.
2. What does Thomas mean by saying, “Nothing is set in stone”?
a) The new business will be in a stone building.
b) They’re going to buy and sell stones.
c) Everything can still change because nothing has been decided.
______________
WHAT ELSE DOES IT MEAN?
import
The word “import,” in this podcast, means the process of buying products
internationally, bringing them from one country to another: “Which countries get
rice imports from the United States?” The verb “to import” has the same
meaning: “Where do we import most of our clothing from?” The word “import” is
also related to the word “importance,” meaning something that has a lot of
meaning, especially in the phrase “of great import”: “I didn’t think it was a
decision of great import, so I made it without asking your opinion.” When talking
about computers, “to import” means to bring information from one program into
another program: “We had a hard time importing contact information into the new
address book when we started using a different computer program.”
pirated
In this podcast, the word “pirated” means copied illegally without permission from
the original creator: “Would you ever consider buying pirated software to save
money, even though you know it is wrong?” Or, “The music company is trying to
fight against pirated music by creating a technology that will make it impossible to
copy its CDs.” The word can also be used as a verb, “to pirate”: “Someone
pirated that movie even before it was being shown in movie theaters!” Finally, a
“pirate” is a person, usually a man, who works on a large ship, attacking other
boats to steal things from them and always looking for gold: “Captain Hook in the
book
Peter Pan
is probably one of the most famous pirates.”
3
These materials are copyrighted by the Center for Educational Development (2008). Posting of
these materials on another website or distributing them in any way is prohibited.
 English as a Second Language Podcast
www.eslpod.com
ESL Podcast 396 – Dealing in the Black Market
CULTURE NOTE
Pirated products are surprisingly “prevalent” (common) in the United States.
Many Americans do not want to pay the “full price” (100% of the cost of buying
something), so they “turn to” (go to and begin using) pirated goods.
The most common pirated goods in the United States are probably software and
DVDs. Original software programs can be “quite” (very) expensive, so people try
to copy the programs that their friends and family members have bought. People
who are able to do this can sell the pirated software programs on the black
market. Software companies spend a lot of time and money trying to stop people
from doing this. They have written “code” (instructions for a computer program)
that makes it difficult to copy programs, but people still “find a way around this”
(are able to do it anyway).
Pirated DVDs are also very common, even though all movies begin with a
“warning” (a statement letting people know that something bad will happen) that
people can be “fined” (charged an amount of money) or “imprisoned” (put in jail)
for copying movies without permission.
Large U.S. cities like New York City, Washington, D.C., and Los Angeles also
have many “designer” (expensive brand name) “knockoffs,” which is another term
for pirated or counterfeit goods. Expensive purses and “wallets” (folded pieces of
leather with many pockets for holding one’s money, identification, and credit
cards), such as those of Gucci, are often knocked off and sold on the street.
Sometimes these knockoffs look very similar to the originals, but they cost much
less.
______________
Comprehension Questions Correct Answers: 1 – b; 2 – c
4
These materials are copyrighted by the Center for Educational Development (2008). Posting of
these materials on another website or distributing them in any way is prohibited.
English as a Second Language Podcast
www.eslpod.com
ESL Podcast 396 – Dealing in the Black Market
COMPLETE TRANSCRIPT
Welcome to English as a Second Language Podcast number 396: Dealing in the
Black Market.
This is English as a Second Language Podcast episode 396. I’m your host, Dr.
Jeff McQuillan, coming to you from the Center for Educational Development in
beautiful Los Angeles, California.
Our website is eslpod.com. Go there and you can find a Learning Guide for this
episode, an 8 to 10 page PDF file that you can download, and use to improve
your English even faster.
This episode is called “Dealing in the Black Market.” This is something that
happens in most countries, I think, where people buy and sell things that they
aren’t paying taxes on, or perhaps might even be illegal. Let’s get started.
[start of dialogue]
Jasinda: Was that your friend Mitch?
Thomas: Yeah, he and I had lunch today to talk about some business
opportunities.
Jasinda: What line of work is he in?
Thomas: Well, I guess you could say he’s in the import/export business.
Jasinda: Hmm…Why are you being so shifty? Isn’t his business on the up and
up? He doesn’t deal in the black market, does he?
Thomas: Let’s just say that he takes full advantage of a free market and there’s
nothing wrong with the gray market.
Jasinda: You’re not telling me he deals in stolen goods, are you?
Thomas: No, no, nothing like that. Don’t be so naive. There is an entire
underground economy in this country, which serves an important purpose. It
gets people what they want.
Jasinda: Is he a smuggler? Does he deal in counterfeit or pirated goods? Is
that it?
5
These materials are copyrighted by the Center for Educational Development (2008). Posting of
these materials on another website or distributing them in any way is prohibited.
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