BBC Learning English 6 Minute English The super rich. In this programme, Neil and Catherine discuss why the super rich like to spend money on yachts. And they teach you six items of useful vocabulary. This weeks question In which country is the percentage of super rich expected to grow fastest over the next 1. Chinab    Brazilc    Vietnam. Listen to the programme to find out the answer. Vocabularyassetsthings you can buy and sellstatus symbolsomething you own to show off your wealth and social positionto make business senseto be good for businessblack holesomewhere impossible to escapepecking orderthe informal social system from most to least powerfulconspicuous consumptionspending a lot of money so other people notice your wealth. WWW. EXOPOLITICS. COM POLITICS, GOVERNMENT AND LAW IN THE UNIVERSE a weekly magazine format public affairs news web portal on Exopolitics, the new political science. The Black Knight Satellite Alien Tech Hiding In Plain Sight NASA HDPictures. Introduction. Collective Intelligence in Design In their introduction to this issue, Christopher Hight and Chris Perry define the idea of collective intelligence in. BibMe Free Bibliography Citation Maker MLA, APA, Chicago, Harvard. Tabtight professional, free when you need it, VPN service. Transcript. Note This is not a word for word transcript. Neil. Hello and welcome to 6 Minute English the programme where we bring you an interesting topic and six items of vocabulary. Im Neil. Catherine. And Im Catherine. Today were taking a look into the lives of the super rich and were going to look at one of their favourite pastimes. Neil. The super rich are people with over 3. US dollars of assets. Artificial Intelligence Rich Knight Pdf' title='Artificial Intelligence Rich Knight Pdf' />Latest trending topics being covered on ZDNet including Reviews, Tech Industry, Security, Hardware, Apple, and Windows. In this programme, Neil and Catherine discuss why the super rich like to spend money on yachts. And they teach you six items of useful vocabulary. Catherine. Assets are things we can own and sell like property, boats and private planes. Neil. Expensive toys. First things first, lets do our question, Catherine. In which country is the percentage of super rich expected to grow fastest over the next 1. Chinab    Brazilc    Vietnam Catherine. Im going to go for Vietnam. I think, thats an up and coming country and I think there is going to be a lot of growth in wealth in the future. Artificial Intelligence Rich Knight Pdf' title='Artificial Intelligence Rich Knight Pdf' />Neil. Ok, well well find out if you are right or wrong later. The number of super rich are expected to increase by 4. Catherine. Now, this doesnt mean income is rising at the same speed for everyone. You might remember a report last year which said the worlds richest 6. Neil. So, my question is what on earth do people with so much money spend it on Catherine. One academic in the UK has been researching just that. Windows Bluetooth Sdk. And her answer is, NeilNeil. Yachts A yacht a luxury boat used for pleasure. The ultimate status symbol that is, an item which allows you to show off your wealth and position in society. Catherine. Lets listen to Emma Spence from Cardiff University in the UK. Whats so unusual about yachts INSERTEmma Spence, Ph. D researcher, Cardiff University. If you have an exclusive wine collection or art collection or even the purchase of a business jet these are investable assets something that you can retain value on or accrue value on. A business jet, a private jet, can cut costs and make businesses more convenient by running faster, more comfortably than commercial airlines. So these purchases, they make good, sound business sense. Whereas a superyacht is essentially a black hole. Neil. Before we get to the yacht, Emma talked about certain assets like planes and wine that made business sense. Catherine. Now, to make sense is a phrase youll be familiar with. So, if we say something makes business sense, it means its good for business. But yachts are different. Neil. Yachts, and especially what she calls superyachts, actually lose money. So much so, she calls a superyacht a black hole of wealth. Catherine. A black hole, in scientific terms, is a place where gravity is so strong that nothing can escape not even light. So, in business terms, a black hole eats all your money Neil. Its also used conversationally to mean a place where things go missing. Catherine. These superyachts are big. The worlds longest is 1. And they require a professional crew. Which is how Emma began her study she used to work on the yachts. Neil. Shes now spent six years studying the world of superyachts and the super rich. Catherine. So, what else did she learn Neil. She says that in the world of the super rich the size of your yacht shows your place in the pecking order. Catherine. The pecking order means the social system from most powerful to least powerful. Neil. If youre higher up in the yachting pecking order, you get the best place in the harbour. Which is very important to yacht owners, apparently. Catherine. Apparently, so. Its all about seeing and being seen. You could actually say that yachts are the ultimate form of conspicuous consumption. Now thats another great term conspicuous means visible or noticeable and consumption means spending. So, the phrase conspicuous consumption refers to the kind of buying you do so that other people notice your money. Neil. Before we sail off into the sunset Catherine, how about we answer todays question. Catherine. I said that Vietnam is the country in which the percentage of super rich is expected to grow fastest over the next 1. Neil. Well, Im very pleased to say that you were right. It was in fact Vietnam according to the same report by Knight Frank the population of ultra wealthy is expected to grow by a staggering 1. Catherine. Now, how about we have another look at the wealth of vocabulary in this programmeNeil. Very good. We started with assets here it means things we can buy or sell. What are your assets Catherine. Oh, you know, my diamond rings, my bike, my laptop. Im not like you though Neil, I dont live in an expensive mansion that would be a real status symbol Neil. If only that were true, but its a good example. A status symbol is a possession that shows off our wealth and our place in society. Catherine. Yes, and we had the phrase to make business sense in other words to be good for business. We could also say that a particular policy makes economic sense. Neil. Or I could say investing wisely makes financial sense. Not like yachts which are expensive to buy and run. In fact, theyre a black hole for our money. Catherine. Now, did you know our next phrase, pecking order, actually comes from chicken behaviour Neil. And finally, the phrase conspicuous consumption. For example, you could say that dining at the finest restaurants wearing expensive clothes is conspicuous consumption. Catherine. And to clear up two similar phrases a status symbol refers to the object itself, like a luxury car whereas conspicuous consumption refers to the act of spending money on things like expensive cars but youre spending money so that other people notice. Neil. Do check us out on Facebook, Twitter, Instagram and You. Tube. Neil Catherine.