Daily News Article - January 21, 2011
1. Define the following words as used in the article:
counterfeit/counterfeiting (from para. 1, 4)
knock-off (from para 2, 4)
scruples (from para. 9)
intellectual property/intellectual property rights (from para. 10, 13, 15)
2. a) What percent of fake U.S. goods are made in Chinese factories?
b) How much do Chinese counterfeiters make from selling their knock-offs over the internet?
3. What types of U.S. products do the Chinese counterfeit?
4. How does the Chinese practice of counterfeiting U.S. products hurt U.S. businesses and U.S. workers?
5. How can fake pharmaceuticals (medicine) harm Americans?
6. a) Define "short shrift" as used in para. 10
b) Why do you think intellectual property rights got short shrift at Hu's official state visit with President Obama?
7. U.S. businessman David Pearl, who employs 250 Americans in his U.S. factory, loses $1 million a year to Chinese counterfeiters. He says "They [the Chinese] have no scruples whatsoever."
Eric Corl who runs an intellectual-property marketplace says of the Chinese "This is ingrained in Chinese business culture. They don't respect intellectual property."
How do you think the U.S. president should deal with the reality that the Chinese government permits this to continue, knowing that their citizens are breaking U.S. intellectual property laws?
8. Many Americans do not hesitate to buy knock-offs, saying Coach or Nike, etc. charge too much for the original product. After reading this article, does it change your mind about purchasing counterfeit products? Explain your answer.