2.27.2011

"Making the price" of your translation services

(as opposed to "taking the market price")
Every business, whatever its nature, including your translation business, is pursuing a number of objectives to guide its activities and mandate its actions. One of the main business objectives is to be profitable. While there are other important factors -growth, adding value to the company, etc.- without profitability it will not be possible to sustain your translation business in the medium to long term.
 Determining the ideal price for your translation services should follow a proactive approach rather than a reactive one. You need to become a smart competitor by learning to maximize your profits and avoid direct competition. But how do you do that? Benson Shapiro, a professor of Marketing at Harvard Business School, points out the importance of differentiating yourself from your competitors. You need to concentrate on your own success and not put all your energies into beating your competitors. Large clients put a lot of pressure on translation suppliers to reduce prices. In turn, in a highly competitive market such as the translation industry, translators tend to respond to these pressures by reducing their prices in an attempt to gain market share. The result: the entire translation industry is self-destroying its profitability. You cannot just resign yourself to accepting this trend. You need to take action and become a ?price maker? and stop being a "price taker."
 Competitors, in an attempt to gain market share or market position, often succumb and thus destroy the profitability of whole markets.
-- Benson P. Shapiro
 The following are seven recommendations offered by Shapiro to "make" your own price.
 1- Create value for your clients. In order to create value for your translation clients, you need to know what you can do to enhance the benefits of your translation offering and eliminate the reasons for not buying from you. Value has to do with perception and, therefore, is very subjective. The translation business is a "credence service." Credence means trust. Most of your clients do not have the skills or knowledge to assess the quality and value you are offering, so they rely mostly on how you manage the perception of value. Effective communication is necessary to help your clients understand the value they are receiving. Focus mainly on the benefits they are receiving and not so much on the process. Create compelling reasons for clients to buy from you and eliminate those that prevent them from doing so.

2- Be selective as to whom you want to sell your services. When you concentrate on meeting the needs of a particular target market, you will be better positioned to offer value to that market. Be "picky" about whom you work for. Find clients that value your professionalism, work ethics and dedication to exceed their expectations. Focus your capabilities on meeting the needs of a specific niche market in which you can provide superior perceived value. Do not waste your time and energy on those clients that care only about price. Those types of clients are not loyal and are always on the lookout for deals. Stay away from them!

3- Dare to be different. In the translation industry, it is very common to follow the "Joneses." Resist the pressure of doing what everybody else is doing in the industry. Avoid falling into the trap of following your competitors. Learn what they are doing so you can come up with something innovative. The difference can be in the nature or form of your service or for whom it is created. The more unique your translation offering, the greater the opportunity to set your own price.

4- Keep it simple. Don't complicate things for your clients. Minimize complexity in your service offerings. Avoid so many options and technical lingo that might make your client walk away. Make sure your clients understand the difference between each offering in plain vanilla language.

5- Charge according to the perceived value of your services. This concept relates to the quality or quantity of the perceived value you are offering to your clients. For example, is the turnaround time important to your client? You can charge more for finishing your translation earlier. You can set different price levels according to variables of value, like quality and time.

6- Keep your word. Your work and professional ethics play a critical role in the success of your business. If you don't deliver on your promise, your client will have an excellent reason to focus on the price. When you promise to deliver by a certain date and time, make sure you do. Don't come up with excuses for your delays. Your clients might forgive you a couple of times, but, if this becomes a habit, you quickly lose your right to be a "price maker." When your clients are satisfied with your services, they tend to focus less on price. In addition, satisfied clients tend to pay faster than those that are not.

7- Be courageous. This is the most difficult one, especially for translators. When a client comes with a high-volume project, it is very likely he/she will try to negotiate a cheaper price. While this practice is common in the industry, succumbing to it will erode your value proposition and automatically place you on the "price taker" side of the market. It then becomes very difficult for you to maintain control of your business. When you know that your offer is of great value, nobody should set your price for you. Be courageous enough to say "no." Rather, negotiate by increasing the perceived value of your offering (faster turnaround, more quality checkpoints, etc.).
 It is not easy to get clients. You must work every second to obtain new clients and then expend all your time and efforts to generating their loyalty towards your business. The worst that can happen to a business is to begin "working" with a client, to invest a lot of time and effort, only to eventually have that client take its business to a competitor.
 The interesting thing is, if you are guilty of this, the solution is in your hands. Focus instead on increasing the perceived value of your services and not in cutting your prices to get more sales. Strive to deliver value from the first moment, with courage and differentiation in an ideal market so that price is not the sole deciding factor in buying your services. In the end, most clients make the decision to buy based on the benefits being offered. Rarely is the purchase decision made solely on price.

Marcela Jenney
Marcela Jenney (MBA) is a globally expert entrepreneurial marketing and business coach and consultant with over 20 years of experience. She holds an MBA in marketing, is an internationally known speaker and frequently published author.
www.latitudescoach.com

"Is it logical to accept giving a discount on a big job?"

The Illogical Series (When a Big Translation Is a Big Problem)
(...)
     The client's e-mail message says the job coming up will be hUUUge. And so you smile and lick your chops in anticipation of the succulent check that will accompany such a job. But that dreamy smile gets wiped off your face by the next line: since the job is hUUUge, the rate paid will be tiny. The client's argument is that since what's being offered is a lot of work, you should charge less. (And so we see the approach of the trend that overshadows us today: that of considering translation to be a "commodity").
     Shouldn't it be utterly obvious that this reasoning is incorrect? Clearly, I mean from our standpoint, as translators. Sure, for the client, it's just swell!
     Now, I may be a right-brain thinker, but I'm tempted to run through the equation:
If they give you 1,000 words, they pay you USD 0.10 per word.
If they give you 2,500 words, they pay you USD 0.09 per word.
If they give you 5,000 words, they pay you USD 0.08 per word.
If they give you 10,000 words, they pay you USD 0.07 per word.
If they give you 20,000 words, they pay you USD 0.06 per word.
If they give you 30,000 words, they pay you USD 0.05 per word.
If they give you 40,000 words, they pay you USD 0.04 per word.
If they give you 50,000 words, they pay you USD 0.03 per word.
If they give you 60,000 words, they pay you USD 0.02 per word.
If they give you 70,000 words, they pay you USD 0.01 per word.
If they give you 80,000 words, they pay you USD 0.00 per word.
     STOP!!! Watch out, now, Colleagues! WATCH OUT! Because according to this, when we get to 80,001 words, we have to start PAYING to translate!
     Come on now... Do we look like we were born yesterday?
     Is it logical to accept giving a discount on a big job? I think so. Okay, but:
- What exactly is a big job? How many words merit my accepting a discount?
- And just what kind of percentage discount can we be expected to accept?
     Some time back, a colleague (who runs a translation firm in Buenos Aires) called me and offered me a job at ARS 0.06 per word (six centavos in Argentine currency or about 1.5 US cents per word). I couldn't believe my ears, but I limited myself to saying I wouldn't accept the proposal because it was such a terribly low rate. She immediately rebutted, saying: "But it's 10,000 words! And later there'll be 10,000 more!"
     So, is 10,000 words a big project? No. It's not a big project.
     In terms that our colleagues with fewer "flying hours" can understand: We translators have a daily average production of 2,500 words. Just divide 2,500 into 10,000 and it's easy to see that this is a four-day project and a four-day project is not one that warrants any kind of discount.
     Let's suppose I quote USD 0.10 per word for X agency. If they offer me 10,000 words, that's my rate. If they offer me 20,000 words, that's my rate. If they offer me 30,000 words, that's my rate.
     Will my price come down if they offer me a lot of work? Yes. Maybe if they can come up with 50,000 words, I'll give them a "little" discount. And the key word here, Colleagues, is "little." What, 2% or 3%? Something like that. As everybody knows, that price will depend on the project's many variables.
     The illogical series only makes sense to those who continue to try and take advantage of our beloved profession. In the client's mindset: Just look at the excellent project I'm offering you! (= so excellent that I'll only pay you a couple of bowls of rice to translate it). What we have to remember is that if we accept a tiny per word rate because the project is hUUUge, then we'll be all tied up and unable to accept the better jobs when they come along. More important still, we will be aiding and abetting those who seek to consolidate what, for us, is a nefarious idea: translation = commodity.
By: Aurora Humarán
Translated by Dan Newland
http://www.aipti.org/eng/articles/art14-the-illogical-series-when-a-big-translation-is-a-big-problem.html

2.22.2011

AMORTIZATION Vs. DEPRECIATION


This video is presented by TransLegal - the world leader in Legal English
Transcript of video
Hi, my name is Mandesa and welcome to TransLegal's lesson of the week.
Today I'm going to be talking about the distinction or difference between amortization and depreciation.
Both amortization and depreciation are methods that companies use to allocate the costs of an asset over time. However, depreciation refers only to tangible assets. For example, cars, equipment, machinery; whereas amortization refers to intangible assets, for example, licences or patents.
So for example, if a company were to buy a piece of machinery that is expected to have a life of 10 years and that machinery cost $10 million, assuming a straight line method of depreciation, then this machine would be depreciated by $1 million under 10 years. However, if the same company were to purchase a licence to use equipment for 10 years at a cost of $10 million, the value of this licence would be amortized at $1 million a year under 10 years.
Thank you very much. If you have any questions or comments please feel free to write them in the little box below and either myself or one of my colleagues will be happy to get in touch with you. Thank you very much.

2.17.2011

COUPLETS = DOUBLETS [BINÔMIOS] / TRIPLETS [TRINÔMIOS]

The use of two or more synonyms or near-synonyms in legal English where one term would be adequate.  There is a curious historical tendency in legal English to string together two or three words to convey what is usually a single legal concept.

Couplets/doublets (parings of synonyms; two similar things; a pair)
acquire and gain property
bring and file suit
cease and desist from doing
fit and proper, perform and discharge,
free and clear
goods and chattels
indemnify and hold harmless from any and all liability
null and void
private and confidential
showed no remorse or contrition
terms and conditions
waive and relinquish any and all right or claim
without let or hindrance

Triplets (A group or set of three of one kind.)
dispute, controversy or claim
give, devise and bequeath
Hereof, Thereof, and Everywhereof
promise, agree and covenant.
rest, residue and remainder

Plain-English advocates suggest that no document can possibly cover every contingency, and that lawyers should not attempt to encompass every contingency they can foresee. Rather, lawyers should only draft for the known, possible, reasonably expected contingencies.

De MIGALAW ENGLISH:
a) Binômios
- each and every
- any and all
- due and payable
- by and between
b) Trinômios
- authorized, executed and delivered
- legal, valid and binding
- illegal, invalid or unenforceable
- full, true and correct
- right, title and interest
c) Sequência de termos [Polinômios]
- demand, presentment, protest and other notice
- legality, validity, binding effect or enforceability

Diferentemente do passado, a tendência, hoje, é a de evitar o emprego de termos supérfluos. Garner (2001), entre outros autores, recomenda que o uso de binômios e trinômios seja evitado na linguagem jurídica que, em inglês, é historicamente redundante. O autor recomenda ainda a aplicação de duas regras – que a meu ver também poderiam ser aplicadas à tradução dos termos objeto da questão da leitora quando empregados em polinômios – a saber:
- se uma palavra abrange o sentido de outras, usar só aquela (e.g. full, true and correct)
- se as palavras são sinônimas (e.g. legal, valid and binding), usar a que couber melhor no contexto.

DOODLE FOR GOOGLE


Página do Google de hoje. Desenho feito por Maria Luiza Carneiro de Faria (9 anos), vencedora do concurso "Doodle for Google" - Tema: "Nosso Brasil do Futuro"
Doodle (noun): A figure, design, or scribble drawn or written absent-mindedly  (aqueles rabiscos feitos durante uma reunião desinteressante).
v., -dled, -dling, -dles. v.intr. To scribble aimlessly, especially when preoccupied. 2.To kill time.
v.tr.:  To draw (figures) while preoccupied.
Read more: http://www.answers.com/topic/doodle#ixzz1EApdlYsp

2.14.2011

DELECTABLE = DELICIOUS = DELIGHTFUL

greatly pleasing to the taste:
- The bruschetta di peperoni had some juicy pieces of roasted peppers over a layer of “burrata pugliese”, a delicious cheese made of mozzarella and cream which was delectable.
- We will be holding tastings and selling our delectable herbal teas.
- Shop thousands of delectable tank tops and tanks.
- We're back, ready for another delectable competition.
- Her new novel is a delectable mystery...

2.11.2011

IRADO, CARA! = GNARLY, DUDE!

(adj) used to describe anything really far out and amazing, not necessarily lovely; an extraordinary stunt, or event.  A word that is overused by the cast of Laguna Beach. It means crazy, rad, totally awesome. A slang term for something extreme. Used in bad and good cases. Originated from the word gnarled - grotesque, yet awesome.
Original from 70's surfspeak - to describe waves that are violently breaking without the form that would render them more rideable. Can also describe less than ideal females.
- These kooks have no idea what GNARLY is. Gnarly is when you've gone beyond radical, beyond extreme, it's balls out danger, or perfection, or skill or all of that combined.
-  That scar's fucking gnarly
- Gnarly, Dude: Google Solves Rubik’s Cube In 20 Moves
- Try riding this, dude: The world's largest skateboard that is bigger than a bus!
- That was gnarly, dude!!!
- Nobody can shred like that guy, he's fuckin gnarly.
- Pipeline in the winter is fucking GNARLY!
- That was a fucking gnarly wreck man, that dudes head flew off.
- Did you see that new Local Motion board? It is gnarly.
- That was/is SO gnarly!
- That was a gnarly wipe out !!! (off the hook , totally extreme)

2.10.2011

TENET = DOCTRINE = OPINION = PRINCIPLE

"Tenet" comes from the Latin word "tenere," meaning "to hold." It refers to any opinion, principle, belief or doctrine that is held to be or maintained as true by a person or a group. It is generally used in connection with religion, politics and philosophy.

Core Value - In a political system or government, or in a company or organization, a tenet is a core value. For example, freedom of speech is a tenet of democracy, while the provision of top quality customer service is a tenet of many businesses.

Personal Tenets - An individual may possess his or her own tenets, such as always looking on the "bright side" or never being late for appointments.

Usage in Sports - The word tenet is also used in the sports world. Keeping your "eye on the ball" is a baseball tenet, while "keep your head up" is a tenet used in basketball.

- "Paradox" is a tenet contrary to received opinion.
Source: www.answers.com / ehow.co.uk

DISPOSITIONING

"DISPOSITION OF NONCONFORMING SUPPLIES - ... Maintain a record of the disposition decision and action thereon. A copy of each rejection report or disposition action shall be furnished to the Government Inspector. Seller management shall quarterly audit and review all rejection reports that have not been finally dispositioned."
"Dispositioning", as used in this form means completion of action required of the Seller toward resolving the deficiency (i.e., submittal of DSR or repair procedure to Buyer, repair of deficiency after approval of repair procedure, etc.).
"Final dispositioning" means completion of all actions by all involved organizations to completely resolve the deficiency.
Also:
One's usual mood; temperament: a sweet disposition.
a. A habitual inclination; a tendency: a disposition to disagree.
b. A physical property or tendency: a swelling with a disposition to rupture.
Arrangement, positioning, or distribution: a cheerful disposition of colors and textures; a convoy oriented into a north-south disposition.
A final settlement: disposition of the deceased's property.
An act of disposing; a bestowal or transfer to another.
a. The power or liberty to control, direct, or dispose.
b. Management; control.
PRIVITY: of contract is the principle that a contract cannot give rights to, or impose obligations on, any person who is not a party to the contract.
CONSIDERATION: As used in this section, 'total consideration paid' includes money or anything of value which is paid or delivered in exchange for the goods.
UNCONSCIONABLE [absurdo, imprudente]:   adj. Not restrained by conscience; unscrupulous: unconscionable behavior. Beyond prudence or reason; excessive: unconscionable spending.
The amount of the arbitration fee may be unconscionable because it is excessive in relation to the value of the underlying claim.

2.07.2011

Outsourcing to India goes beyond tech support

Indian lawyers are in great demand in the United States - not for their arguing skills, but for their writing and editing skills. According to an article in the journal of the American Bar Association, attorneys in India have been correcting grammatical and other mistakes of partners and associates at some of the top 100 law firms in the US. . Training Indian legal eagles to write the American way works out to be cost-effective for these law firms in the long run.
Source: Migalhas International

2.01.2011

A LENDA PESSOAL / FIND BLESSINGS WHEREVER YOU GO. 12 STEPS

"My happiness depends on me. I choose joy now."
12 steps to personal legend - Alan Cohen wrote these steps:
1]       Tell yourself the truth: draw two columns on a sheet of paper and in the left column write down what you would love to do. Then write down on the other side everything you're doing without any enthusiasm. Write as if nobody were ever going to read what is there, don't censure or judge your answers.
2]        Start slowly, but start: call your travel agent, look for something that fits your budget; go and see the movie that you've been putting off; buy the book that you've been wanting to buy. Be generous to yourself and you'll see that even these small steps will make you feel more alive.
3]        Stop slowly, but stop: some things use up all your energy. Do you really need to go that committee meeting? Do you need to help those who do not want to be helped? Does your boss have the right to demand that in addition to your work you have to go to all the same parties that he goes to? When you stop doing what you're not interested in doing, you'll realize that you were making more demands of yourself than others were really asking.
4]        Discover your small talents: what do your friends tell you that you do well? What do you do with relish, even if it's not perfectly well done? These small talents are hidden messages of your large occult talents.
5]        Begin to choose: if something gives you pleasure, don't hesitate. If you're in doubt, close your eyes, imagine that you've made decision A and see all that it will bring you. Now do the same with decision B. The decision that makes you feel more connected to life is the right one - even if it's not the easiest to make.
6]        Don't base your decisions on financial gain: the gain will come if you really do it with enthusiasm. The same vase, made by a potter who loves what he does and by a man who hates his job, has a soul. It will be quickly sold (in the first case) or will stay on the shelves (in the second case).
7]        Follow your intuition: the most interesting work is the one where you allow yourself to be creative. Einstein said: "I did not reach my understanding of the Universe using just mathematics." Descartes, the father of logic, developed his method based on a dream he had.
8]        Don't be afraid to change your mind: if you put a decision aside and this bothers you, think again about what you chose. Don't struggle against what gives you pleasure.
9]        Learn how to rest: one day a week without thinking about work lets the subconscious help you, and many problems (but not all) are solved without any help from reason.
10]        Let things show you a happier path: if you are struggling too much for something, without any results appearing, be more flexible and follow the paths that life offers. This does not mean giving up the struggle, growing lazy or leaving things in the hands of others - it means understanding that work with love brings us strength, never despair.
11]        Read the signs: this is an individual language joined to intuition that appears at the right moments. Even if the signs point in the opposite direction from what you planned, follow them. Sometimes you can go wrong, but this is the best way to learn this new language.
12]        Finally, take risks! the men who have changed the world set out on their paths through an act of faith. Believe in the force of your dreams. God is fair, He wouldn't put in your heart a desire that couldn't come true.
"..A lenda pessoal é aquilo que você sempre desejou fazer. Todas as pessoas, no começo da juventude, sabem qual é sua lenda pessoal.
    Nesta altura da vida, tudo é claro, tudo é possível, e não temos medo de sonhar e de desejar tudo aquilo que gostaríamos de fazer. Entretanto, à medida em que o tempo vai passando, uma misteriosa força começa a tentar provar que é impossível realizar a Lenda Pessoal.
     Esta força que parece ruim, na verdade está ensinando a você como realizar sua Lenda Pessoal.
     Está preparando seu espírito e sua vontade, porque existe uma grande verdade neste planeta: seja você quem for, quando quer com vontade alguma coisa, é porque este desejo nasceu na alma do Universo.
     É sua missão na Terra."
(Paulo Coelho, O Alquimista")

1.31.2011

"I Love New York (Except For Resolving Global Disputes)"

International arbitration has never been hotter and New York is sick of being the sixth most favorite place for companies trying to resolve disputes. London is still the most widely used seat of arbitration. After all, roughly 90% of cross border transactions are negotiated and drafted in English and when companies choose the laws they want to govern their contracts, English law is still the most common. New York has begun working with the New York State Bar to establish an international arbitration center in the city. The bar wants to do away with fragmented arbitration facilities by creating a single location where international arbitrators can meet to decide cases. But while New York is trying to catch up to London, it also has to keep an eye on other venues. Geneva, Paris and Tokyo are slightly more popular for dispute resolut ions. So is Singapore, which has been aggressively promoting itself as a lower-cost, more convenient alternative to other venues with its "International Arbitration Centre," whose tagline is "Where the World Arbitrates."
Source: Migalhas International

1.25.2011

ENJOIN

proibir (por ordem judicial)
for a court to order that someone either do some specific act, stop doing something or be prohibited from doing something; to prohibit, forbid or restrain by an injunction:

"The restraining order enjoins unauthorized dealers from selling counterfeit goods near rock concert venues."
"The company was enjoined from selling its stock"
Source: Translegal

1.21.2011

FORE AND AFT = PROA E POPA

proa (frente) e popa (atrás) [motor de popa]
double-headed: Warship having SAM systems both fore and aft of central superstructure.

HAURIR

v.td. - 1 Retirar alguma coisa de dentro de onde estava: Hauriu todo o ouro da mina
2 Consumir ou gastar algo completamente; ESGOTAR: Hauriu toda a bebida que havia na adega
3 Absorver por aspiração ou sucção; SORVER: Hauria o ar puro
4 Colher, recolher: Hauria novas forças para voltar à luta
[F.: Do lat. haurire.]
...recebendo, desde aqueles tempos "que os anos não trazem mais", as contínuas e sólidas lições hauridas, ainda solicitador-acadêmico, quando do inesquecível convívio no escritório dos professores...
Fonte: Aulete e Migalhas

1.19.2011

Siglas - CND’S ou CNDs?

...2) ...parece integralmente aceitável a lição de Napoleão Mendes de Almeida de que se pluralizam as siglas pelo acréscimo de um s minúsculo às letras já integrantes delas: CEPs, CICs, R.Gs.
3) Desse entendimento também é Arnaldo Niskier, para quem "não há motivos para não marcar o plural das siglas com um s minúsculo".
4) Regina Toledo Damião e Antonio Henriques também partilham do mesmo entendimento, ao lecionaram que, "com respeito ao plural das siglas, aceita-se o uso do s (minúsculo) para efeito de pluralização: PMS, INPMs, MPs".
5) E Edmundo Dantes Nascimento leciona que tal uso de um s minúsculo ao final da sigla "é uma solução gráfica sem aprovação de convenção acerca do assunto, mas que resolve o caso".
6) Ora, a junção do s minúsculo à sigla visa a levá-la ao plural. Isso significa que se deve unir o s sem artifício algum, como é o caso do apóstrofo. Só para exemplificar, ninguém pensaria em dizer o plural de caneta como caneta’s.
Fonte: Gramatigalhas

CAPITAL LETTERS

            Are you ever confused when it comes to capitalizing certain words? For example, when referring to a certain liquor from Scotland, does one drink Scotch or scotch? Is it Brussels sprouts or brussels sprouts? Is it a Homeric effort or just a homeric effort? Inquiring minds want to know!
            Authoritative sources vary. The Merriam-Webster 11th Collegiate Dictionary calls for capping Scotch before you drink it, and cites (but does not rule on) a capital B often for the sprouts. However, our standard here at ProofreadNOW.com is the Chicago Manual of Style, and here's a partial list of words they prefer to see in lower case:
           morocco leather, brussels sprouts, scotch whisky, french fries, french dressing, frankfurter, brie, india ink, homeric, herculean, pasteurize, manila envelope, arabic numerals, french windows, venetian blinds, quixotic, roman numerals and roman type, dutch oven, and bohemian, among others. Oh - and there's also italic type (named for Italy, don't you know).
          Other examples are mixed.
• the Bureau of the Census; census forms; the census of 2010
• the Department of the Interior; the Interior
• the Federal Bureau of Investigation; the bureau (note lowercase); the FBI
• the United States (or US) Supreme Court; the Supreme Court; but the court
• the District Court for Southern California; the district court
• the Circuit Court of Lake County, Family Division (Illinois); family court
• the Chicago City Council; the city council
• administration; the Reagan administration
• federal; the federal government; federal agencies
• nazi tendencies; the Nazi Party; Nazi(s); Nazism
• the African National Congress party (party is not part of the official name); the ANC
• civil service
• the Left; members of the left wing; left-winger; on the left
• the Far Left; the Far Right; the radical Left
• the New York Stock Exchange; the stock exchange
Source: Proofread

1.18.2011

CRYSTALLIZATION

The act of selling and buying stocks almost instantaneously in order to increase or decrease book value. This is a routine method used by many investors and companies to change book values without changing beneficial ownership.

The directors were asked to confirm that no events had led to the crystallisation of any floating charges. 
(a floating charge is a security interest that hovers above the debtor's assets until some event causes the charge to become fixed or crystallized on those assets)
Investopedia Says:
An example of this occurs when an investor needs to take a capital loss for a particular stock, but still believes the stock will rise. Thus, he/she would crystallize the paper loss by selling the stock and buying it back right away.
Most tax agencies have regulations (such as the wash-sale rule) to prevent taking a capital loss in this fashion.
Read more: http://www.answers.com/topic/crystallization#ixzz1BPDeLgpA

FORMAL VS. INFORMAL WRITING


This video is presented by TransLegal - the world leader in Legal English

1.15.2011

"You know you're a freelance translator when...

…you consider yourself really lucky, because you work at home and have a ten-foot commute.
…you consider yourself really unlucky, because you work at home, so you never get to go home from work.
…coffee is a legitimate business expense.
…you have not actually laid eyes on any of your clients.
…you think of time as an elastic concept that will stretch to cover whatever crazy amount of work you take on.
"...you have four projects due at 6 PM ... fortunately, one is 6 PM Eastern Standard Time, one is 6 PM Berlin time, one is 6 PM Moscow time, and one is 6 PM Tokyo time.
…you would give your right butt cheek for a comfortable office chair.
…you can sleep sitting up and type with your eyes closed— all at the same time.
…your idea of exercise is getting up to refill your coffee mug, and of a good workout is when you forget to take the coffee mug with you the first time so you have to return to get it.
"...you finish chatting with the barista at Starbucks and know that that's going to be the extent of your conversation for the day.
"...a little break from work usually involves dishes or laundry or cat litter.
"...a T-shirt and sweatpants constitute formal business attire; for casual Fridays, you just stay in your pajamas."
"...one word can require hours of research, but despite getting paid just a few cents for that one word, you do the research anyway.
...not only you do know the difference between a participle and a gerund - you actually care."
- How true!
Source: http://www.proz.com/forum/translation_theory_and_practice/177064-slavfile_newsletter%3A_you_know_youre_a_freelance_translator_when.html

1.10.2011

The Stylistics - You Make Me Feel Brand New

http://www.youtube.com/watch?v=qyD5tAGBP9U

COMMUNAL AREAS

áreas comuns: é assim que se chama a área comum do seu prédio.
Fire safety – Don’t get a red card
The Fire Safety Act 2005 places a duty on the council to make sure that all communal areas in blocks of flats are kept completely clear of items that could burn, at all times.
To help us carry out this duty we have introduced a card system.
White: This card lets residents know that we think items in the communal areas belong to them and gives them a chance to move them.
Yellow: This is a reminder to move the items before you pay the price as we will charge them if we have to move the items.
Red: Your last chance. 24 hours left for you to remove them.
Items that cannot be kept in communal areas include:
Pushchairs, Furniture, Bicycles, Motorcycles, Mobility scooters, Plants, Rubbish bags

1.05.2011

ANNUAL MEETING (US) / ANNUAL GENERAL MEETING (UK)

(noun) yearly meeting, usually of shareholders (US term) "The shareholders elected the members of the board of directors at the annual meeting."
Synonyms: annual general meeting (AGM): used in the UK
Common phrases:
"The issue will be put before shareholders at the annual meeting."
"The minutes of the annual meeting were reviewed and signed."
"We will hold the annual meeting on May 15, 2010."
"Please state whether you intend to attend the annual meeting."
Related phrases:
special meeting (US) - any general meeting of the company other than an annual meeting
extraordinary general meeting (UK) - any general meeting of the company other than an annual general meeting
Common mistake:
One sometimes hears "annual meeting of shareholders". However, the use of the phrase "of shareholders" is unnecessary. [vivendis & aprendendis!]

1.03.2011

12.29.2010

THEFT = LARCENY, BURGLARY AND ROBBERY

Theft and larceny are synonymous and require only the simple taking of almost anything of value with the intent to keep it. (Thief)
Burglary is an illegal entry into a building together with a taking.
Robbery is a forcible taking from a person, usually with the threat of violence. (Robber)
Source: Translegal

12.22.2010

HAPPY XMAS TO YOU ALL!

http://www.youtube.com/watch?v=IGCfMyGwrfs&feature=fvsr
(Thirty years ago, on December 8, 1980, I was in NYC and, while strolling around, I saw a crowd in front of the Dakota...) 
But today is a Happy Day! My daughter arrived safely! Thanks, God!


Happy Christmas, by John Lennon
xxxx(Happy Christmas, Yoko)
xxxx(Happy Christmas, Julian)
And so this is Christmas
And what have you done
Another year over
And a new one just begun
And so Happy Christmas
I hope you have fun
The near and the dear one
The old and the young
xxxxA very Merry Christmas
xxxxAnd a Happy New Year
xxxxLet's hope it's a good one
xxxxWithout any fear
And so this is Christmas
For weak and for strong
The rich and the poor ones
The world is so wrong
And so Happy Christmas
For black and for white
For yellow and red ones
Let's stop all the fight
xxxxA very Merry Christmas
xxxxAnd a Happy New Year
xxxxLet's hope it's a good one
xxxxWithout any fear
...the war is over ...
...if you want it...
...the war is over...
...now...

12.20.2010

WHITE CHRISTMAS

My daughter is grounded at Heathrow.
------------------------------------------------------
WHITE CHRISTMAS
http://www.youtube.com/watch?v=1HrAy5xqzOs
I'm dreaming of a white Christmas
Just like the ones I used to know
Where the treetops glisten,
and children listen
To hear sleigh bells in the snow
I'm dreaming of a white Christmas
With every Christmas card I write
May your days be merry and bright
And may all your Christmases be white
-----------------------------------------------------
Please, snow, stop! It's enough!