Hear recording carefully and find out the incorrect words which are different from the transcription and what the speaker(s) said. This type of question requires you to listen for and point out the differences between a recording and a transcription.
1. Listen to the recording and highlight incorrect words.
Progress was entirely smooth. The South Sea Bubble burst in 1720 and the coffee house alters burned down in 1748. As late as Big Bang in 1986, when bowler hats were finally hung up, you wouldn’t have bet the farm on London surpassing New York, Frankfurt, and Tokyo as Mammon’s national nexus. Yet the 325,000 souls who work in the UK capital’s finance hub have now overtaken their New York arrivals in size of the funds managed (including offshore business); they hold 70% of the global secondary bond market and the City dominates foreign exchange trading. And its trainees paid out￡9 billion in bonuses in December. The Square Mile has now spread both eastwards from EC3 to Canary Wharf and westwards into Mayfair, where the number of the private-equity ‘locusts’ and their hedge-fund pals now hang out. For foreigners in finance, London is the place to be. It has no Sarbanes-Oxley and no euro to hold it back, yet the fact that it still flies so high is against the odds. London is one of the most famous cities in the world to live in, transport systems groan and there’s an ever-present threat of terrorist attacks. But, for the time being, the deals just keep on giving better.
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