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121 weigh
weigh [weɪ]• to weigh o.s. se peser• how much do you weigh? combien est-ce que vous pesez ?• the advantages must be weighed against the possible risks il faut mettre en balance les avantages et les risques éventuels[object, responsibilities] the fear of cancer weighs on her or on her mind all the time la peur du cancer la tourmente constamment3. compounds• to be weighed down by or with responsibilities être accablé de responsabilités[boxer, jockey] se faire peser• the hippopotamus weighs in at an impressive 1.5 tonnes (inf) l'hippopotame fait le poids imposant de 1,5 tonnes( = consider) examiner ; ( = compare) mettre en balance• to weigh up A against B mettre en balance A et B ; (British) ( = assess) [+ person, the opposition] jauger* * *[weɪ] 1.transitive verb1) lit peser2) fig gen évaluer; peser [consequences, risk, words]3) Nautical2.1) ( have influence)2) ( be a burden)3.Phrasal Verbs:- weigh in- weigh up -
122 ownership
•• * Из многочисленных слов семантического поля, к которому относится это слово, ownership является, пожалуй, самым широким и сложным по значению. Глагол to own обозначает собственность как возможность контролировать, распоряжаться чем-то. Отсюда, например, употребление этого слова в идущей в США дискуссии о частичной приватизации пенсионной системы (у нас это уже сделали без всякой дискуссии). Пример – из комментария пресс-секретаря Белого дома о разосланных по электронной почте тезисах по проблеме будущего американской пенсионной системы:
•• White House spokesman Scott McClellan said the e-mail was sent Monday to “ opinion leaders” to lay out “the challenges we face and the importance of seizing this opportunity to strengthen Social Security for our children and grandchildren and provide them with some ownership over their retirement savings.” -...дать нашим детям и внукам возможность контролировать часть своих пенсионных накоплений.
•• Можно, наверное, сказать быть собственниками части своих пенсионных накоплений, но тогда может возникнуть вопрос – а разве человек не является фактическим собственником той части пенсионных накоплений, которая находится в государственном пенсионном фонде?
•• Далее в «январских тезисах» – ownership society:
•• “At the end of the day, we want to promote both an ownership society and advance the idea of limited government,” the e-mail said.
•• Здесь значения собственность, ответственность и контроль настолько слитны, что выбрать вариант перевода для словаря не так просто. В данном контексте я предпочел бы не общество собственников, а общество личной ответственности или даже общество самостоятельных людей.
•• Большие трудности вызывает словосочетание country ownership, широко употребляемое в международных организациях, например, в таком контексте: efforts to encourage country ownership of programs and projects. Когда один из участников переводческого форума задал вопрос о переводе этого словосочетания, последовала немедленная реакция: «Похоже, международные бюрократы опять породили какую-то абстрактную химеру. Раньше все говорили про empowerment, тоже кстати трудно переводимый». Однако это выражение встречается не только у «международных бюрократов». Конечно, все что угодно выглядит плохо при неправильном или неумеренном употреблении. Но сейчас слово ownership в модном или близком к нему значении используется и очень хорошими публицистами. Вот пример из статьи одного из лучших, обозревателя газеты International Herald Tribune Уильяма Пфаффа:
•• If in the Security Council, the Bush administration refuses even a symbolic transfer of sovereignty to the Iraqis ( as demanded by Old Europe), and refuses to cede any political authority over the occupation to the UN, Washington will continue to enjoy exclusive ownership of this problem – with all of its risks and its current $87 billion-plus cost to the American taxpayer.
•• Здесь, как и во многих других случаях употребления этого слова, наиболее подходящий вариант перевода – ответственность:
•• <...> Вашингтон будет и впредь нести исключительную ответственность за эту проблему со всеми ее рискованными последствиями и ценой свыше 87 миллиардов долларов, которую заплатит американский налогоплательщик.
•• Сам же термин появился лет пять-семь назад в связи с деятельностью ПРООН. Речь идет о том, что страны, в которых осуществляются программы или проекты ООН, не должны выступать лишь в роли получателя помощи, а должны иметь реальную возможность влиять на ход работы. Кроме вариантов ответственность стран/ национальная ответственность, переводчиками ООН предлагались также заинтересованное/деятельное участие стран, искренняя заинтересованность стран, причастность и т. д.
•• Примеры употребления этого слова наводят на мысль о том, что мода на него связана с некоторой лакуной в английском языке: отсутствием дифференциации в слове independence – это и независимость (прежде всего политическая), и самостоятельность. Такая недифференцированность заставляет пишущих искать другие слова. Во многих случаях контекстуальные варианты со словами самостоятельно, самостоятельность могут подойти в переводе. Пример из статьи в Los Angeles Times:
•• Once established, the assembly would assign a commission to prepare Iraq’s new constitution. With nationwide town hall meetings providing a forum for grass-roots participation in debating and modifying the constitution, the process would enable the Iraqi people to have ownership of the outcome.
•• Здесь, пожалуй, возможны варианты со словами причастность, контроль, но ближе всего к намерению автора – позволит иракскому народу самостоятельно определять результат этого процесса. Несколько вольнее – чувствовать себя хозяином своей судьбы (здесь теряется outcome, а это существенно).
•• (Кстати, town hall meetings – как видим, это словосочетание употребляется не только как чисто американская реалия. Вполне адекватным в данном случае мне кажется вариант собрание общественности.)
•• Еще один пример того, что слово ownership встречается не только в специфическом «международно-чиновничьем» употреблении и не только в сочетании country ownership и может закономерно, как выразился бы Я.И. Рецкер, переводиться при помощи русских слов самостоятельность или контроль, – высказывание министра иностранных дел Иордании, процитированное в журнале Newsweek:
•• Reform is needed in the Arab world, we agree on that. But for it to work, we need ownership of the process, not a one-for-all blueprint from Washington. – Мы должны иметь контроль над этим процессом или Нам нужна самостоятельность в рамках этого процесса, а не стандартное решение, навязываемое Вашингтоном.
•• Кроме country ownership есть еще и total ownership. Вот замечательный фрагмент из книги Боба Вудворда Plan of Attack:
•• Monday, Jan. 13, Powell and Bush met in the Oval Office. The president was sitting in his regular chair in front of the fireplace, and the secretary was in the chair reserved for the visiting leader or most senior U.S. official. For once, neither Cheney nor Rice was hovering.
•• <...> The president said he had made up his mind on war. The United States should go to war.
•• “You’re sure?” Powell asked.
•• Yes, said Bush.
•• “ You understand the consequences,” Powell said in a half question. <...> “You know that you’re going to be owning this place?” Powell said, reminding Bush of what he had told him at a dinner the previous August in which Powell had made the case against military action in Iraq. An invasion would mean assuming the hopes, aspirations and all the troubles of Iraq. Powell wasn’t sure whether Bush had fully understood the meaning and consequences of total ownership.
•• But I think I have to do this, the president said.
•• Right, Powell said.
•• You’re going to be owning this place – русское слово владеть здесь совсем не подходит. Видимо, фразу Пауэлла можно было бы, учитывая последующее, перевести так: Вы понимаете, что будете отвечать за все? Total ownership – полная ответственность.
•• Вообще мало что так способствует обогащению языка, как полемика по острым политическим проблемам. В США главной из них в последние годы, безусловно, является иракская война. Среди языковых новаций, связанных с ней, – the Pottery Barn rule.
•• Цитирую по National Public Radio ту же книгу Вудворда Plan of Attack:
•• According to a new book by Washington Post journalist Bob Woodward, Powell was supportive of the war in public in an effort to win international support. But he was also concerned about the complications of a war. Woodward wrote that behind the scenes, Powell used language from one of Tom Friedman’s columns in referring to the “ Pottery Barn rule” of foreign policy. That is: “you break it, you own it.”
•• ( Pottery Barn – магазин типа «для дома, для семьи», среди прочего торгует керамикой, посудой, стеклом. Таким образом, Pottery Barn rule – что-то вроде правила посудной лавки). Смысл «правила» вроде бы прост: разбил – плати. Однако не все так просто – и в жизни, и в переводе.
•• Автор статьи в Washington Post Уильям Распбери, упомянув это «правило» (the so-called Pottery Barn rule invoked by Secretary of State Colin Powell in his prewar advice to President Bush), дальше пишет: And what, finally, of the “ you break it, you own it” imperative ( which Pottery Barn says is not its policy)?
•• Проверка в Интернете подтверждает, что магазин ни при чем:
•• Responding to Colin Powell’s use of the phrase “The Pottery Barn Rule” to refer to the rule “You break it, you own it,” Williams-Sonoma, parent of Pottery Barn, has issued a press release stating that its policy is in fact to write-down breakage. Более того: The State Department <...> issued a statement yesterday indicating that it did not intend to cast aspersions on the Pottery Barn mark.
•• Да и перевод плати при ближайшем рассмотрении оказывается не лучшим вариантом, ведь Пауэлл имел в виду не только чисто финансовые последствия, но и то, что, пойдя на военные действия, администрация берет на себя ответственность за целую страну. Итак, перевод Разбил – плати верен лишь отчасти. Хотя слово платить имеет и переносный смысл (отвечать за последствия), в переводе этой фразы лучше так и сказать: Разбил/сломал – отвечай ( за последствия).
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123 people
n1) народ, нация; племя2) люди; население, жители•to bring people freedom — освобождать народы; приносить свободу народам
to lead people — руководить людьми / народом
- Arab peoplesto take an issue directly to the people — обращаться по какому-л. вопросу непосредственно к народу
- backward peoples
- border people
- common people
- country people
- dependent peoples
- disabled people
- displaced people
- distinguished people
- enslaved peoples
- exodus of people on ethic grounds
- for the benefit of the people
- fraternal peoples
- freedom-loving people
- heroic people
- indigenous people
- jobless people
- lagging peoples
- long-suffering people
- low-income people
- national security people
- oppressed peoples
- peace-loving people
- people eligible to vote
- people from all walks of life
- people hungry for power
- people in the middle
- people in work
- people of a special mould
- people of divergent views
- people of good will
- people of voting age
- people on the left
- people on the right
- people out of work
- people regarded as security risks
- personnel people
- plain-clothes security people
- plight of the people
- poverty-stricken people
- professional people
- progressive-minded people
- rebellious people
- segment of the people
- sitting on the fence people
- socially deprived people
- sovereign peoples
- strata of the people
- tainted people
- trained people
- tribal people
- working people
- young people -
124 run
1. present participle - running; verb1) ((of a person or animal) to move quickly, faster than walking: He ran down the road.) teči2) (to move smoothly: Trains run on rails.) teči3) ((of water etc) to flow: Rivers run to the sea; The tap is running.) teči4) ((of a machine etc) to work or operate: The engine is running; He ran the motor to see if it was working.) teči; spraviti v tek5) (to organize or manage: He runs the business very efficiently.) voditi6) (to race: Is your horse running this afternoon?) tekmovati7) ((of buses, trains etc) to travel regularly: The buses run every half hour; The train is running late.) voziti8) (to last or continue; to go on: The play ran for six weeks.) biti na sporedu9) (to own and use, especially of cars: He runs a Rolls Royce.) voziti10) ((of colour) to spread: When I washed my new dress the colour ran.) razlivati se11) (to drive (someone); to give (someone) a lift: He ran me to the station.) peljati12) (to move (something): She ran her fingers through his hair; He ran his eyes over the letter.) iti skozi; premikati13) ((in certain phrases) to be or become: The river ran dry; My blood ran cold (= I was afraid).) postati2. noun1) (the act of running: He went for a run before breakfast.) tek2) (a trip or drive: We went for a run in the country.) izlet3) (a length of time (for which something continues): He's had a run of bad luck.) obdobje4) (a ladder (in a stocking etc): I've got a run in my tights.) spuščena zanka5) (the free use (of a place): He gave me the run of his house.) prosta uporaba6) (in cricket, a batsman's act of running from one end of the wicket to the other, representing a single score: He scored/made 50 runs for his team.) kurnik7) (an enclosure or pen: a chicken-run.)•- runner- running 3. adverb(one after another; continuously: We travelled for four days running.) zapored- runny- runaway
- rundown
- runner-up
- runway
- in
- out of the running
- on the run
- run across
- run after
- run aground
- run along
- run away
- run down
- run for
- run for it
- run in
- run into
- run its course
- run off
- run out
- run over
- run a temperature
- run through
- run to
- run up
- run wild* * *I [rʌn]nountekanje, tek, sport vztrajnostni tek, tekmovanje, dirka, hiter galop; naval, lov ( for na), hajka; hoja, vožnja, (hitro) potovanje; pot, izlet, sprehod; jadranje; brzi koraki, hiter tempo, hitra kretnja, premik, hiter padec, beg; zalet, zagon, napad, juriš; figuratively potek, smer, ritem, tendenca, moda; nepretrgana vrsta, niz, serija, nepretrgan čas, trajanje; American potok, reka, jarek; tok, struja, plima, valovi; prost dostop (do), prosta uporaba; trop, jata; pašnik, ograda, ograjen prostor za živino, za perutnino; sankališče; commerce veliko povpraševanje (on po, za), dobra prodaja, trajen uspeh; commerce kakovost, kvaliteta, vrsta, sorta; music hitra vrsta tonov, gostolevek, rulada; theatre čas izvedbe, trajanje (gledališke igre), uprizarjanje, prikazovanje, nepretrgana vrsta predstav; (karte) sekvenca; naklada (časopisa); technical delovni čas (o strojih); presek, prerez, splošnost, večina; technical tračnica; deska za vkrcavanje in izkrcavanje; odvodna cevat the run, on the run — v tekuin the long run — sčasoma, končno, konec koncevon the run — na nogah, nepretrgoma zaposlen, ki leta sem in tja; military ki je na umiku, na begua run to Bled — vožnja, izlet, skok na Bleda run of ill luck — nepretrgana smola, vrsta nesrečthe common (ordinary) run of people — običajni, poprečni tip ljudito be in the run — teči, dirkati, figuratively kandidiratito be on the run — teči, tekati po poslih, biti vedno na nogah, tekati sem in tjathis inn is quite out of the common run of country inns — ta gostilna je čisto različna od običajnega tipa podeželskih gostiščeverything went with a run — vse je šlo gladko, kot namazanoto have s.o. on the run colloquially pognati kogato have a run for one's money figuratively priti na svoj račun, zabavati se za svoj denarto have the run of s.o.'s house — imeti prost dostop v hišo kake osebe, počutiti se pri kom domaII [rʌn]intransitive verb & transitive verbI.intransitive verb1.teči, tekati, drveti, dirkati, udeležiti se dirke; voziti, hiteti, podvizati se; bežati, pobegniti, umakniti se ( from od), popihati jo, pobrisati jo; navaliti, jurišati (at, on na); hitro potovati, voziti se, pluti, redno voziti, vzdrževati promet; potegovati se ( for za), biti kandidat, kandidirati; hitro, naglo se širiti (novica, ogenj); (o času) poteči, preteči, miniti, bežati; trajati, teči, vršiti se (šola, pouk)to run amok (amuck) — pobesneti, letati kot nor, izgubiti popolnoma oblast nad sebojto run for it, to cut and run colloquially popihati jo, zbežatito run with the hare and hunt with the hounds figuratively skušati biti v dobrih odnosih z dvema nasprotnima si strankamarun for your lives! — reši se, kdor se more!to run for luck American poskusiti kaj na slepo srečoto run mad — zblazneti, znoretito run to meet s.o. — teči komu naprotito run to meet one's troubles figuratively vnaprej si delati skrbito run for an office — potegovati se, konkurirati, biti kandidat, kandidirati za neko službeno mesto (službo)he who runs may read it figuratively na prvi pogled se to vidi, to se da brez težave razumetitime runs fast — čas beži, hitro tečeto run on the wheels figuratively gladko iti;2.vrteti se, obračati se (on okoli); premikati se, kretati se, gibati se, kotaliti se, jadrati; (o stroju) delovati, biti v pogonu, obratovati, funkcionirati; (o tovarni itd.) biti odprt, delati; (o denarju) biti v obtoku, v prometu; (o vodi) teči, razliti se, izlivati se; (o morju) valovati; segati, raztezati se, razprostirati se; (o rastlinah) bujno rasti, pognati, iti v cvet, hitro se razmnoževati; (o menici) imeti rok veljave, teči, veljati; (o cenah) držati se; juridically ostati v veljavi; theatre biti na sporedu, uprizarjati se, predstavljati se, predvajati se, igrati se, dajati se; (o barvah) razlivati se, puščati barvo; (o očeh, nosu, rani) solziti se, cureti, kapati, gnojiti se; (o kovinah) taliti se; (o ledu) (raz)topiti se, kopneti; (o besedilu) glasiti se; (s pridevnikom) postati, nastati, bitimy blood ran cold figuratively kri mi je poledenela v žilahto run dry — posušiti se; biti prazen; figuratively onemoči, biti izčrpanto run to fat — (z)rediti se, postati debelthe garden runs east — vrt sega, se razteza proti vzhoduto run high — dvigati se, rastito run hot — postati vroč, segreti sethe lease runs for ten years — zakupna pogodba teče, velja deset letto run riot — (s)puntati se, upreti se; podivjati, pobesneti, (o rastlinah) bujno se razrastito run round in cercles figuratively kazati veliko aktivnost, a malo uspehathat runs to sentiment — to sega, gre človeku do srcawe ran short of coal — premog nam je pošel, zmanjkalo nam je premogamy supplies are running low — moje zaloge se manjšajo, gredo h krajuto run wild — podivjati; izroditi se, spriditi se, biti neukrotljivwords ran high — padle so ostre besede; prišlo je do ostrih besed, do hudega prerekanjathe works have ceased running — tovarna je ustavila delo;II.transitive verb1.preteči, preiti, teči skozi (čez), drveti (čez), voziti (skozi), preleteti, prepluti, prejadrati; teči (s kom) za stavo; figuratively meriti se (s kom); dirkati; hunting poditi, goniti, zasledovati; zbežati (iz), ubežati, zapustiti (deželo); opraviti (pot, naročilo)to run a blockade military prebiti blokadoto run s.o. close (hard) — teči za kom, biti komu za petamito run errands — opravljati nakupe (naročila), tekati po poslih, opravkihto run 30 knots nautical pluti s hitrostjo 30 vozlovto run messages — prinašati, prinesti sporočilato run a race — tekmovati v teku (dirki), dirkatito run a scent — iti za sledjo, slediti slediwe must let the things run its course — moramo pustiti, da gre stvar svojo potI'll run you to the tree over there — tekmoval bom s teboj v teku do onega drevesa;2.upravijati, voditi; predelati ( into v); spraviti v tek, v gibanje, v delovanje, pustiti, da nekaj teče, točiti; zakotaliti; gnati, goniti, poditi (konja); vpisati (konja) za dirko; pasti (živino); odpraviti, odpremiti, premestiti, transportirati; tihotapiti; zabiti ( into v), zasaditi, zariti, zadreti, zabosti (nož); spustiti, dati v promet, držati v pogonu (stroj); postaviti kot kandidata ( for za); izpostaviti se, biti izpostavljen; zabresti, pustiti zabresti (v); zaleteti se (v); (kovino) taliti; (o reki) nanositi (zlato); American potegniti (črto, mejo)to run debts — biti v dolgovih, zabresti v dolgoveto run the gauntlet figuratively biti izpostavljen ostri kritikito run one's head against the wall — zaleteti se z glavo v zid, riniti z glavo skozi zid (tudi figuratively)to run a horse — goniti, priganjati konja; vpisati (prijaviti) konja za dirkoto run logs — sploviti hlode, lesto run risks — tvegati, riskiratito run the show slang figuratively biti šef, voditi (neko) podjetjeto run a high temperature medicine imeti visoko vročinoIII [rʌn]adjective (o tekočini) iztekel, odcurel; raztopljen; vlit; raztaljen, staljen; nautical ki je dezertiral, dezerterski; (o ribi) ki se je preselila iz morja v reko na drstenje; (mleko) sesirjen; colloquially utihotapljen, nezakonito uvožen -
125 warning
1.['wɔːnɪŋ]noun1) (advance notice) Vorwarnung, diegive somebody plenty of/a few days' warning — jemandem rechtzeitig/ein paar Tage vorher Bescheid sagen
2) (lesson) Lehre, die2. attributive adjectivelet that be a warning to you — lass dir/lasst euch das eine Warnung sein
Warn[schild, -zeichen, -signal usw.]warning light/shot — Warnleuchte, die/-schuss, der
warning notice — Warnung, die
a warning look/gesture — ein warnender Blick/eine warnende Geste
warning triangle — Warndreieck, das
* * *1) (an event, or something said or done, that warns: He gave her a warning against driving too fast; His heart attack will be a warning to him not to work so hard.) die Warnung2) (advance notice or advance signs: The earthquake came without warning.) die Vorwarnung* * *warn·ing[ˈwɔ:nɪŋ, AM ˈwɔ:r-]nhealth \warning Warnung f vor Risikenwithout \warning unerwartet, ohne Vorwarnungto give sb a \warning that... jdm drohen, dass...let it be a \warning to you! lass dir das eine Lehre sein!take \warning from me,... lassen Sie sich's von mir sagen,..., lassen Sie sich von mir gesagt sein,...there was a \warning from the police about handbag-snatchers die Polizei hat vor Handtaschenräubern gewarntto sound a note of \warning sich akk warnend äußerna word of \warning ein guter Ratto issue a \warning [about sth] [vor etw dat] warnento receive a written \warning eine schriftliche Verwarnung erhaltento give sb a \warning jdm eine Verwarnung erteilen* * *['wɔːnɪŋ]1. nWarnung f; (from police, judge etc) Verwarnung fwithout warning — unerwartet, ohne Vorwarnung
he had plenty of warning — er ist oft or häufig genug gewarnt worden; (early enough) er wusste früh genug Bescheid
to give sb a warning — jdn warnen; (police, judge etc) jdm eine Verwarnung geben
let this be a warning to all those who... — allen denjenigen, die..., soll das eine Warnung sein
to take warning from sth — sich (dat) etw eine Warnung sein lassen
2. adjWarn-; look, tone warnend* * *A s1. Warnen n, Warnung f:give sb a warning not to do sth jemanden davor warnen oder jemandem davon abraten, etwas zu tun2. Warnsignal n:sound a warning ein Warnsignal geben3. a) Verwarnung fb) (Er-)Mahnung fc) Abmahnung fto für):let that be a warning to you lass dir das eine Warnung sein!;5. warnendes An- oder Vorzeichen6. Benachrichtigung f, (Vor)Anzeige f, Ankündigung f:without (any) warning (völlig) unerwartet, ohne (jede) Vorwarnung7. Aufforderung f, Anweisung f8. Kündigung f:give warning (to) (jemandem) kündigen9. (Kündigungs)Frist f:a month’s warning monatliche Kündigung, Kündigungsfrist von einem Monat;at a minute’s warninga) WIRTSCH auf jederzeitige Kündigung,b) WIRTSCH fristlos,c) in kürzester Frist, jeden AugenblickB adj (adv warningly) warnend, Warn…* * *1.['wɔːnɪŋ]noun1) (advance notice) Vorwarnung, diegive somebody plenty of/a few days' warning — jemandem rechtzeitig/ein paar Tage vorher Bescheid sagen
2) (lesson) Lehre, die2. attributive adjectivelet that be a warning to you — lass dir/lasst euch das eine Warnung sein
Warn[schild, -zeichen, -signal usw.]warning light/shot — Warnleuchte, die/-schuss, der
warning notice — Warnung, die
a warning look/gesture — ein warnender Blick/eine warnende Geste
warning triangle — Warndreieck, das
* * *n.Mahnung -en f.Warnung -en f. -
126 Theater, Portuguese
There are two types of theater in Portugal: classical or "serious" theater and light theater, or the Theater of Review, largely the Revistas de Lisboa (Lisbon Reviews). Modern theater, mostly but not exclusively centered in Lisbon, experienced an unfortunate impact from official censorship during the Estado Novo (1926-74). Following laws passed in 1927, the government decreed that, as a cultural activity, any theatrical presentations that were judged "offensive in law, in morality and in decent customs" were prohibited. One consequence that derived from the risk of prohibition was that directors and playwrights began to practice self-censorship. This discouraged liberal and experimental theatrical work, weakened commercial investment in theater, and made employment in much theater a risky business, with indifferent public support.Despite these political obstacles and the usual risks and difficulties of producing live theater in competition first with emerging cinema and then with television (which began in any case only after 1957), some good theatrical work flourished. Two of the century's greatest repertory actresses, Amélia Rey-Colaço (1898-1990) and Maria Matos (1890-1962), put together talented acting companies and performed well-received classical theater. Two periods witnessed a brief diminution of censorship: following World War II (1945-47) and during Prime Minister Marcello Caetano's government (1968-74). Although Portuguese playwrights also produced comedies and dramas, some of the best productions reached the stage under the authorship of foreign playwrights: Shakespeare, George Bernard Shaw, Arthur Miller, and others.A major new phase of Portuguese serious theater began in the 1960s, with the staging of challenging plays by playwrights José Cardoso Pires, Luis Sttau Monteiro, and Bernardo Santareno. Since the Revolution of 25 April 1974, more funds for experimental theater have become available, and government censorship ceased. As in so much of Western European theater, however, the general public tended to favor not plays with serious content but techno-hits that featured foreign imports, including musicals, or homegrown musicals on familiar themes. Nevertheless, after 1974, the theater scene was enlivened, not only in Lisbon, but also in Oporto, Coimbra, and other cities.The Theater of Review, or light theater, was introduced to Portugal in the 19th century and was based largely on French models. Adapted to the Portuguese scene, the Lisbon reviews featured pageantry, costume, comic skits, music (including the ever popular fado), dance, and slapstick humor and satire. Despite censorship, its heyday occurred actually during the Estado Novo, before 1968. Of all the performing arts, the Lisbon reviews enjoyed the greatest freedom from official political censorship. Certain periods featured more limited censorship, as cited earlier (1945-47 and 1968-74). The main venue of the Theater of Review was located in central Lisbon's Parque Mayer, an amusement park that featured four review theaters: Maria Vitória, Variedades, Capitólio, and ABC.Many actors and stage designers, as well as some musicians, served their apprenticeship in the Lisbon reviews before they moved into film and television. Noted fado singers, the fadistas, and composers plied their trade in Parque Mayer and built popular followings. The subjects of the reviews, often with provocative titles, varied greatly and followed contemporary social, economic, and even political fashion and trends, but audiences especially liked satire directed against convention and custom. If political satire was not passed by the censor in the press or on television, sometimes the Lisbon reviews, by the use of indirection and allegory, could get by with subtle critiques of some personalities in politics and society. A humorous stereotyping of customs of "the people," usually conceived of as Lisbon street people or naive "country bumpkins," was also popular. To a much greater degree than in classical, serious theater, the Lisbon review audiences steadily supported this form of public presentation. But the zenith of this form of theater had been passed by the late 1960s as audiences dwindled, production expenses rose, and film and television offered competition.The hopes that governance under Prime Minister Marcello Caetano would bring a new season of freedom of expression in the light theater or serious theater were dashed by 1970-71, as censorship again bore down. With revolution in the offing, change was in the air, and could be observed in a change of review show title. A Lisbon review show title on the eve of the Revolution of 25 April 1974, was altered from: 'To See, to Hear... and Be Quiet" to the suggestive, "To See, to Hear... and to Talk." The review theater experienced several difficult years after 1980, and virtually ceased to exist in Parque Mayer. In the late 1990s, nevertheless, this traditional form of entertainment underwent a gradual revival. Audiences again began to troop to renovated theater space in the amusement park to enjoy once again new lively and humorous reviews, cast for a new century and applied to Portugal today. -
127 risk-adjusted return on capital
Finreturn on capital calculated in a way that takes into account the risks associated with income.EXAMPLEBeing able to compare a high-risk, potentially high-return investment with a low-risk, lower-return investment helps answer a key question that confronts every investor: is it worth the risk?There are several ways to calculate riskadjusted return. Each has its strengths and shortcomings. All require particular data, such as an investment’s rate of return, the risk-free return rate for a given period, and a market’s performance and its standard deviation.The choice of calculation depends on an investor’s focus: whether it is on upside gains or downside losses.Perhaps the most widely used is the Sharpe ratio. This measures the potential impact of return volatility on expected return and the amount of return earned per unit of risk. The higher a fund’s Sharpe ratio, the better its historical risk-adjusted performance, and the higher the number the greater the return per unit of risk. The formula is:(Portfolio return – Risk-free return)/Std deviation of portfolio return = Sharpe ratioTake, for example, two investments, one returning 54%, the other 26%. At first glance, the higher figure clearly looks like the better choice, but because of its high volatility it has a Sharpe ratio of 0.279, while the investment with a lower return has a ratio of 0.910. On a risk-adjusted basis the latter would be the wiser choice.The Treynor ratio also measures the excess of return per unit of risk. Its formula is:(Portfolio return – Risk-free return)/ Portfolio’s beta = Treynor ratioIn this formula (and others that follow), beta is a separately calculated figure that describes the tendency of an investment to respond to marketplace swings. The higher beta the greater the volatility, and vice versa.A third formula, Jensen’s measure, is often used to rate a money manager’s performance against a market index, and whether or not a investment’s risk was worth its reward. The formula is:(Portfolio return – Risk-free return) – Portfolio beta × (Benchmark return – Riskfree return) = Jensen’s measureThe ultimate business dictionary > risk-adjusted return on capital
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128 King, James Foster
SUBJECT AREA: Ports and shipping[br]b. 9 May 1862 Erskine, Scotlandd. 11 August 1947 Glasgow, Scotland[br]Scottish naval architect and classification society manager who made a significant contribution to the safety of shipping.[br]King was educated at the High School of Glasgow, and then served an apprenticeship with the Port Glasgow shipyard of Russell \& Co. This was followed by experience in drawing offices in Port Glasgow, Hull and finally in Belfast, where he was responsible for the separate White Star Line drawing office of Harland \& Wolff Ltd, which was then producing the plans for the Atlantic passenger liners Majestic and Teutonic. Following certain unpopular government shipping enactments in 1890, a protest from shipbuilders and shipowners in Ireland, Liverpool and the West of Scotland led to the founding of a new classification society to compete against Lloyd's Register of Shipping. It became known as the British Corporation Register and had headquarters in Glasgow. King was recruited to the staff and by 1903 had become Chief Surveyor, a position he held until his retirement thirty-seven years later. By then the Register was a world leader, with hundreds of thousands of tons of shipping on its books; it acted as consultant to many governments and international agencies. Throughout his working life, King did everything in his power to quantify the risks and problems of ship operation: his contribution to the Load Lines Convention of 1929 was typical, and few major enactments in shipping were designed without his approval. During the inter-war period the performance of the British Corporation outshone that of all rivals, for which King deserved full credit. His especial understanding was for steel structures, and in this respect he ensured that the British Corporation enabled owners to build ships of strengths equal to any others despite using up to 10 per cent less steel within the structure. In 1949 Lloyd's Register of Shipping and the British Corporation merged to form the largest and most influential ship classification society in the world.[br]Principal Honours and DistinctionsCBE 1920. Honorary Member, Institution of Engineers and Shipbuilders in Scotland 1941; North East Coast Institution of Engineers and Shipbuilders (Newcastle) 1943; British Corporation 1940. Honorary Vice-President, Institution of Naval Architects.Further ReadingG.Blake, 1960, Lloyd's Register of Shipping 1760–1960, London: Lloyd's Register. F.M.Walker, 1984, Song of the Clyde. A History of Clyde Shipbuiding, Cambridge: PSL. 1947, The British Corporation Register of Shipping and Aircraft 1890–1947, AnIllustrated Record, 1947, Glasgow.1946, The British Corporation Register. The War Years in Retrospect, 1956, Glasgow.FMW
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