You
should spend about 20 minutes on Questions 1–16, which are based on Reading Passage 1 below.
Sea monsters are the stuff of legend - lurking
not just in the depths of the oceans, but also the darker corners of our minds.
What is it that draws us to these creatures?
"This inhuman place makes human
monsters," wrote Stephen King in his novel The Shining. Many academics
agree that monsters lurk in the deepest recesses, they prowl through our
ancestral minds appearing in the half-light, under the bed - or at the bottom
of the sea.
"They don't really exist, but they play a
huge role in our mindscapes, in our dreams, stories, nightmares, myths and so
on," says Matthias Classen, assistant professor of literature and media at
Aarhus University in Denmark, who studies monsters in literature.
"Monsters say something about human psychology, not the world."
One Norse legend talks of the Kraken, a deep
sea creature that was the curse of fishermen. If sailors found a place with
many fish, most likely it was the monster that was driving them to the surface.
If it saw the ship it would pluck the hapless sailors from the boat and drag
them to a watery grave.
This terrifying legend occupied the mind and
pen of the poet Alfred Lord Tennyson too. In his short 1830 poem The Kraken he
wrote: "Below the thunders of the upper deep, / Far far beneath in the
abysmal sea, / His ancient, dreamless, uninvaded sleep / The Kraken
sleepeth."
The deeper we travel into the ocean, the
deeper we delve into our own psyche. And when we can go no further - there
lurks the Kraken.
Most likely the Kraken is based on a real
creature - the giant squid. The huge mollusc takes pride of place as the
personification of the terrors of the deep sea. Sailors would have encountered
it at the surface, dying, and probably thrashing about. It would have made a
weird sight, "about the most alien thing you can imagine," says Edith
Widder, CEO at the Ocean Research and Conservation Association.
"It has eight lashing arms and two
slashing tentacles growing straight out of its head and it's got serrated
suckers that can latch on to the slimiest of prey and it's got a parrot beak
that can rip flesh. It's got an eye the size of your head, it's got a jet
propulsion system and three hearts that pump blue blood."
The giant squid continued to dominate stories
of sea monsters with the famous 1870 novel, Twenty Thousand Leagues Under the
Sea, by Jules Verne. Verne's submarine fantasy is a classic story of puny man
against a gigantic squid.
The monster needed no embellishment - this creature
was scary enough, and Verne incorporated as much fact as possible into the
story, says Emily Alder from Edinburgh Napier University. "Twenty Thousand
Leagues Under the Sea and another contemporaneous book, Victor Hugo's Toilers
of the Sea, both tried to represent the giant squid as they might have been
actual zoological animals, much more taking the squid as a biological creature
than a mythical creature." It was a given that the squid was vicious and
would readily attack humans given the chance.
That myth wasn't busted until 2012, when Edith
Widder and her colleagues were the first people to successfully film giant
squid under water and see first-hand the true character of the monster of the
deep. They realised previous attempts to film squid had failed because the
bright lights and noisy thrusters on submersibles had frightened them away.
By quietening down the engines and using
bioluminescence to attract it, they managed to see this most extraordinary
animal in its natural habitat. It serenely glided into view, its body rippled
with metallic colours of bronze and silver. Its huge, intelligent eye watched
the submarine warily as it delicately picked at the bait with its beak. It was
balletic and mesmeric. It could not have been further from the gnashing,
human-destroying creature of myth and literature. In reality this is a gentle
giant that is easily scared and pecks at its food.
Another giant squid lies peacefully in the
Natural History Museum in London, in the Spirit Room, where it is preserved in
a huge glass case. In 2004 it was caught in a fishing net off the Falkland
Islands and died at the surface. The crew immediately froze its body and it was
sent to be preserved in the museum by the Curator of Molluscs, Jon Ablett. It
is called Archie, an affectionate short version of its Latin name Architeuthis
dux. It is the longest preserved specimen of a giant squid in the world.
"It really has brought science to life
for many people," says Ablett. "Sometimes I feel a bit overshadowed
by Archie, most of my work is on slugs and snails but unfortunately most people
don't want to talk about that!"
And so today we can watch Archie's graceful
relative on film and stare Archie herself (she is a female) eye-to-eye in a
museum. But have we finally slain the monster of the deep? Now we know there is
nothing to be afraid of, can the Kraken finally be laid to rest? Probably not
says Classen. "We humans are afraid of the strangest things. They don't
need to be realistic. There's no indication that enlightenment and scientific
progress has banished the monsters from the shadows of our imaginations. We
will continue to be afraid of very strange things, including probably sea
monsters."
Indeed we are. The Kraken made a fearsome
appearance in the blockbuster series Pirates of the Caribbean. It forced
Captain Jack Sparrow to face his demons in a terrifying face-to-face encounter.
Pirates needed the monstrous Kraken, nothing else would do. Or, as the German
film director Werner Herzog put it, "What would an ocean be without a
monster lurking in the dark? It would be like sleep without dreams."
Questions 1–7
Do the following
statements agree with the information given in Reading Passage 1?
In boxes 1–7 on your
answer sheet, write
TRUE
if the statement agrees with the information
FALSE
if the statement contradicts the information
NOT GIVEN
if there is no information on this
- Matthias Classen is unsure about the possibility of
monster's existence.
- Kraken is probably based on an imaginary
animal.
- Previous attempts on filming the squid had failed due
to the fact that the creature was scared.
- Giant squid was caught alive in 2004 and brought to the
museum.
- Jon Ablett admits that he likes Archie.
- According to Classen, people can be scared both by
imaginary and real monsters.
- Werner Herzog suggests that Kraken is essential to the
ocean.
Questions 8–12
Choose the correct
letter, A, B, C or D.
Write the correct letter
in boxes 8–12 on your answer sheet.
- Who wrote a novel about a giant squid?
- Emily Alder
- Stephen King
- Alfred Lord
Tennyson
- Jules Verne
- What, of the featuring body parts, mollusc DOESN'T have?
- two tentacles
- serrated suckers
- beak
- smooth suckers
- Which of the following applies to the bookish Kraken?
- notorious
- scary
- weird
- harmless
- Where can we see a giant squid?
- at the museum
- at a seaside
- on TV
- in supermarkets
- The main purpose of the text is to:
- help us to
understand more about both mythical and biological creatures of the
deep<strong< li=""></strong<>
- illustrate the
difference between Kraken and squid
- shed the light on
the mythical creatures of the ocean
- compare Kraken to
its real relative
Questions 13–16
Complete the sentences
below.
Write NO MORE THAN THREE WORDS from the passage for each answer.
Write your answers in
boxes 13–16 on your answer sheet.
13. According
to the Victor Hugo's novel, the squid would if he
had such opportunity.
14. The
real squid appeared to be and .
15. Archie
must be the of its kind on Earth.
16. We
are able to encounter the Kraken's in a movie
franchise.
You
should spend about 20 minutes on Questions 17–27, which are based on Reading Passage 2 below.
The atom bomb was one of
the defining inventions of the 20th Century. So how did science fiction writer
HG Wells predict its invention three decades before the first detonations?
(A) Imagine you're the greatest fantasy writer
of your age. One day you dream up the idea of a bomb of infinite power. You
call it the "atomic bomb". HG Wells first imagined a uranium-based
hand grenade that "would continue to explode indefinitely" in his
1914 novel The World Set Free. He even thought it would be dropped from planes.
What he couldn't predict was how a strange conjunction of his friends and
acquaintances - notably Winston Churchill, who'd read all Wells's novels twice,
and the physicist Leo Szilard - would turn the idea from fantasy to reality,
leaving them deeply tormented by the scale of destructive power that it
unleashed.
(B) The story of the atom bomb starts in the
Edwardian age, when scientists such as Ernest Rutherford were grappling with a
new way of conceiving the physical world. The idea was that solid elements
might be made up of tiny particles in atoms. "When it became apparent that
the Rutherford atom had a dense nucleus, there was a sense that it was like a
coiled spring," says Andrew Nahum, curator of the Science Museum's
Churchill's Scientists exhibition. Wells was fascinated with the new
discoveries. He had a track record of predicting technological innovations.
Winston Churchill credited Wells for coming up with the idea of using
aeroplanes and tanks in combat ahead of World War One.
(C) The two men met and discussed ideas over the
decades, especially as Churchill, a highly popular writer himself, spent the
interwar years out of political power, contemplating the rising instability of
Europe. Churchill grasped the danger of technology running ahead of human
maturity, penning a 1924 article in the Pall Mall Gazette called "Shall we
all commit suicide?". In the article, Churchill wrote: "Might a bomb
no bigger than an orange be found to possess a secret power to destroy a whole
block of buildings - nay to concentrate the force of a thousand tons of cordite
and blast a township at a stroke?" This idea of the orange-sized bomb is
credited by Graham Farmelo, author of Churchill's Bomb, directly to the imagery
of The World Set Free.
(D) By 1932 British scientists had succeeded
in splitting the atom for the first time by artificial means, although some
believed it couldn't produce huge amounts of energy. But the same year the
Hungarian emigre physicist Leo Szilard read The World Set Free. Szilard
believed that the splitting of the atom could produce vast energy. He later
wrote that Wells showed him "what the liberation of atomic energy on a
large scale would mean". Szilard suddenly came up with the answer in
September 1933 - the chain reaction - while watching the traffic lights turn
green in Russell Square in London. He wrote: "It suddenly occurred to me
that if we could find an element which is split by neutrons and which would
emit two neutrons when it absorbed one neutron, such an element, if assembled
in sufficiently large mass, could sustain a nuclear chain reaction."
(E) In that eureka moment, Szilard also felt
great fear - of how a bustling city like London and all its inhabitants could
be destroyed in an instant as he reflected in his memoir published in 1968:
"Knowing what it would mean - and I knew because I had read HG Wells - I did not want this patent to become public." The Nazis were on the rise and Szilard was deeply anxious about who else might be working on the chain reaction theory and an atomic Bomb. Wells's novel Things To Come, turned into a 1936 film, The Shape of Things to Come, accurately predicted aerial bombardment and an imminent devastating world war. In 1939 Szilard drafted the letter Albert Einstein sent to President Roosevelt warning America that Germany was stockpiling uranium. The Manhattan Project was born.
"Knowing what it would mean - and I knew because I had read HG Wells - I did not want this patent to become public." The Nazis were on the rise and Szilard was deeply anxious about who else might be working on the chain reaction theory and an atomic Bomb. Wells's novel Things To Come, turned into a 1936 film, The Shape of Things to Come, accurately predicted aerial bombardment and an imminent devastating world war. In 1939 Szilard drafted the letter Albert Einstein sent to President Roosevelt warning America that Germany was stockpiling uranium. The Manhattan Project was born.
(F) Szilard and several British scientists
worked on it with the US military's massive financial backing. Britons and
Americans worked alongside each other in "silos" - each team unaware
of how their work fitted together. They ended up moving on from the original
enriched uranium "gun" method, which had been conceived in Britain,
to create a plutonium implosion weapon instead. Szilard campaigned for a demonstration
bomb test in front of the Japanese ambassador to give them a chance to
surrender. He was horrified that it was instead dropped on a city. In 1945
Churchill was beaten in the general election and in another shock, the US
government passed the 1946 McMahon Act, shutting Britain out of access to the
atomic technology it had helped create. William Penney, one of the returning
Los Alamos physicists, led the team charged by Prime Minister Clement Atlee
with somehow putting together their individual pieces of the puzzle to create a
British bomb on a fraction of the American budget.
(G) "It was a huge intellectual
feat," Andrew Nahum observes. "Essentially they reworked the
calculations that they'd been doing in Los Alamos. They had the services of
Klaus Fuchs, who [later] turned out to be an atom spy passing information to
the Soviet Union, but he also had a phenomenal memory." Another British
physicist, Patrick Blackett, who discussed the Bomb after the war with a German
scientist in captivity, observed that there were no real secrets. According to
Nahum he said: "It's a bit like making an omelette. Not everyone can make
a good one."When Churchill was re-elected in 1951 he "found an almost
complete weapon ready to test and was puzzled and fascinated by how Atlee had
buried the costs in the budget", says Nahum. "He was very conflicted
about whether to go ahead with the test and wrote about whether we should have
'the art and not the article'. Meaning should it be enough to have the
capability… [rather] than to have a dangerous weapon in the armoury."
(H) Churchill was convinced to go ahead with
the test, but the much more powerful hydrogen bomb developed three years later
worried him greatly.HG Wells died in 1946. He had been working on a film sequel
to The Shape of Things To Come that was to include his concerns about the
now-realised atomic bomb he'd first imagined. But it was never made. Towards
the end of his life, says Nahum, Wells's friendship with Churchill "cooled
a little". "Wells considered Churchill as an enlightened but
tarnished member of the ruling classes." And Churchill had little time for
Wells's increasingly fanciful socialist utopian ideas.
(I) Wells believed technocrats and scientists
would ultimately run a peaceful new world order like in The Shape of Things To
Come, even if global war destroyed the world as we knew it first. Churchill, a
former soldier, believed in the lessons of history and saw diplomacy as the
only way to keep mankind from self-destruction in the atomic age. Wells's
scientist acquaintance Leo Szilard stayed in America and campaigned for
civilian control of atomic energy, equally pessimistic about Wells's idea of a
bold new scientist-led world order. If anything Szilard was tormented by the
power he had helped unleash. In 1950, he predicted a cobalt bomb that would
destroy all life on the planet. In Britain, the legacy of the Bomb was a
remarkable period of elite scientific innovation as the many scientists who had
worked on weaponry or radar returned to their civilian labs. They gave us the
first commercial jet airliner, the Comet, near-supersonic aircraft and rockets,
highly engineered computers, and the Jodrell Bank giant moveable radio
telescope.
(J) The latter had nearly ended the career of
its champion, physicist Bernard Lovell, with its huge costs, until the 1957
launch of Sputnik, when it emerged that Jodrell Bank had the only device in the
West that could track it. Nahum says Lovell reflected that "during the war
the question was never what will something cost. The question was only can you
do it and how soon can we have it? And that was the spirit he took into his
peacetime science." Austerity and the tiny size of the British market,
compared with America, were to scupper those dreams. But though the Bomb
created a new terror, for a few years at least, Britain saw a vision of a
benign atomic future, too and believed it could be the shape of things to come.
Questions 17–25
Reading Passage 2 has ten paragraphs, A–J.
Which
paragraph contains the following information?
Write
the correct letter, A–J, in boxes 17–25 on your
answer sheet. Note that one paragraph is not used.
17. Scientific success
18. Worsening relations
19. The dawn of the new project
20. Churchill's confusion
21. Different perspectives
22. Horrifying prediction
23. Leaving Britain behind the project
24. Long-term discussion
25. New idea
Questions 26–27
Choose
the correct letter, A, B, C or D.
Write
the correct letter in boxes 26–27 on your answer sheet.
26. How can you describe the relations between Churchill and Wells
throughout the years?
- passionate
→ friendly → adverse
- curious
→ friendly
- respectful
→ friendly → inhospitable
- friendly
→ respectful → hostile
27. What is the type of this text?
- science-fiction
story
- article
from the magazine
- historical
text
- Wells
autobiography
You
should spend about 20 minutes on Questions 28–40, which are based on Reading Passage 3 below.
As More Tech Start-Ups
Stay Private, So Does the Money
Not long ago, if you were a young, brash
technologist with a world-conquering start-up idea, there was a good chance you
spent much of your waking life working toward a single business milestone:
taking your company public.
Though luminaries of the tech industry have
always expressed skepticism and even hostility toward the finance industry,
tech’s dirty secret was that it looked to Wall Street and the ritual of a
public offering for affirmation — not to mention wealth.
But something strange has happened in the last
couple of years: The initial public offering of stock has become déclassé. For
start-up entrepreneurs and their employees across Silicon Valley, an initial
public offering is no longer a main goal. Instead, many founders talk about
going public as a necessary evil to be postponed as long as possible because it
comes with more problems than benefits.
“If you can get $200 million from private
sources, then yeah, I don’t want my company under the scrutiny of the unwashed
masses who don’t understand my business,” said Danielle Morrill, the chief
executive of Mattermark, a start-up that organizes and sells information about
the start-up market. “That’s actually terrifying to me.
Silicon Valley’s sudden distaste for the
I.P.O. — rooted in part in Wall Street’s skepticism of new tech stocks — may be
the single most important psychological shift underlying the current tech boom.
Staying private affords start-up executives the luxury of not worrying what
outsiders think and helps them avoid the quarterly earnings treadmill.
It also means Wall Street is doing what it
failed to do in the last tech boom: using traditional metrics like growth and
profitability to price companies. Investors have been tough on Twitter, for
example, because its user growth has slowed. They have been tough on Box, the
cloud-storage company that went public last year, because it remains
unprofitable. And the e-commerce company Zulily, which went public last year,
was likewise punished when it cut its guidance for future sales.
Scott Kupor, the managing partner at the
venture capital firm Andreessen Horowitz, and his colleagues said in a recent
report that despite all the attention start-ups have received in recent years,
tech stocks are not seeing unusually high valuations. In fact, their share of
the overall market has remained stable for 14 years, and far off the peak of
the late 1990s.
That unwillingness to cut much slack to young
tech companies limits risk for regular investors. If the bubble pops, the
unwashed masses, if that’s what we are, aren’t as likely to get washed out.
Private investors, on the other hand, are
making big bets on so-called unicorns — the Silicon Valley jargon for start-up
companies valued at more than a billion dollars. If many of those unicorns flop,
most Americans will escape unharmed, because losses will be confined to venture
capitalists and hedge funds that have begun to buy into tech start-ups, as well
as tech founders and their employees.
The reluctance — and sometimes inability — to
go public is spurring the unicorns. By relying on private investors for a
longer period of time, start-ups get more runway to figure out sustainable
business models. To delay their entrance into the public markets, firms like
Airbnb, Dropbox, Palantir, Pinterest, Uber and several other large start-ups
are raising hundreds of millions, and in some cases billions, that they would
otherwise have gained through an initial public offering.
“These companies are going public, just in the
private market,” Dan Levitan, the managing partner of the venture capital firm
Maveron, told me recently. He means that in many cases, hedge funds and other
global investors that would have bought shares in these firms after an I.P.O.
are deciding to go into late-stage private rounds. There is even an oxymoronic
term for the act of obtaining private money in place of a public offering: It’s
called a “private I.P.O.”
The delay in I.P.O.s has altered how some
venture capital firms do business. Rather than waiting for an initial offering,
Maveron, for instance, says it now sells its stake in a start-up to other,
larger private investors once it has made about 100 times its initial
investment. It is the sort of return that once was only possible after an
I.P.O.
But there is also a downside to the new
aversion to initial offerings. When the unicorns do eventually go public and
begin to soar — or whatever it is that fantastical horned beasts tend to do
when they’re healthy — the biggest winners will be the private investors that
are now bearing most of the risk.
It used to be that public investors who got in
on the ground floor of an initial offering could earn historic gains. If you
invested $1,000 in Amazon at its I.P.O. in 1997, you would now have nearly $250,000.
If you had invested $1,000 in Microsoft in 1986, you would have close to half a
million. Public investors today are unlikely to get anywhere near such gains
from tech I.P.O.s. By the time tech companies come to the market, the biggest
gains have already been extracted by private backers.
Just 53 technology companies went public in
2014, which is around the median since 1980, but far fewer than during the boom
of the late 1990s and 2000, when hundreds of tech companies went public
annually, according to statistics maintained by Jay Ritter, a professor of
finance at the University of Florida. Today’s companies are also waiting
longer. In 2014, the typical tech company hitting the markets was 11 years old,
compared with a median age of seven years for tech I.P.O.s since 1980.
Over the last few weeks, I’ve asked several
founders and investors why they’re waiting; few were willing to speak on the
record about their own companies, but their answers all amounted to “What’s the
point?”
Initial public offerings were also ways to
compensate employees and founders who owned lots of stock, but there are now
novel mechanisms — such as selling shares on a secondary market — for insiders
to cash in on some of their shares in private companies. Still, some observers
cautioned that the new trend may be a bad deal for employees who aren’t given
much information about the company’s performance.
“One thing employees may be confused about is
w hen companies tell them, ‘We’re basically doing a private I.P.O.,’ it might
make them feel like there’s less risk than there really is,” said Ms. Morrill
of Mattermark. But she said it was hard to persuade people that their paper
gains may never materialize. “The Kool-Aid is really strong,” she said.
If the delay in I.P.O.s becomes a normal
condition for Silicon Valley, some observers say tech companies may need to
consider new forms of compensation for workers. “We probably need to
fundamentally rethink how do private companies compensate employees, because
that’s going to be an issue,” said Mr. Kupor, of Andreessen Horowitz.
During a recent presentation for Andreessen
Horowitz’s limited partners — the institutions that give money to the venture
firm — Marc Andreessen, the firm’s co-founder, told the journalist Dan Primack
that he had never seen a sharper divergence in how investors treat public- and
private-company chief executives. “They tell the public C.E.O., ‘Give us the
money back this quarter,’ and they tell the private C.E.O., ‘No problem, go for
10 years,’ ” Mr. Andreessen said.
At some point this tension will be resolved.
“Private valuations will not forever be higher than public valuations,” said
Mr. Levitan, of Maveron. “So the question is, Will private markets capitulate
and go down or will public markets go up?”
If the private investors are wrong, employees,
founders and a lot of hedge funds could be in for a reckoning. But if they’re
right, it will be you and me wearing the frown — the public investors who
missed out on the next big thing.
Questions 28–31
Choose
the correct letter, A, B, C or D.
Write
the correct letter in boxes 28–31 on your answer sheet.
28. How much funds would you gain by now, if you had
invested 1000$ in the Amazon in 1997?
- 250,000$
- close
to 500,000$
- It
is not stated in the text
- No
funds
29. Nowadays founders talk about going public as a:
- necessity.
- benefit.
- possibility.
- profit.
30. In which time period was the biggest number of companies going public?
- early
1990s
- late
1900s and 2000s
- 1980s
- late
1990s
31. According to the text, which of the following is true?
- Private
valuations may be forever higher than public ones.
- Public
valuations eventually will become even less valuable.
- The
main question is whether the public market increase or the private market
decrease.
- The
pressure might last for a long time.
Questions 32–36
Complete
the sentences below.
Write ONLY ONE WORD from the passage for each answer.
Write
your answers in boxes 32–36 on your answer sheet.
32. Skepticism was always expected by the of
tech industry.
33. The new aversion to initial offerings has its .
34. Selling shares on a secondary market is considered a mechanism.
35. Workers' compensation might be an .
36. The public investors who failed to participate in the next
big thing might be the ones wearing the .
Questions 37–40
Do
the following statements agree with the information in the IELTS reading text?
In
boxes 37–40 on your answer sheet, write
TRUE
if the statement agrees with the information
FALSE
if the statement contradicts the information
NOT GIVEN
if there is no information on this
37. Private investors are bearing most of the risk.
38. Not many investors were willing to speak on the record.
39. The typical tech company hitting the markets in 1990s was 5 years
old.
40. Marc Andreessen, the firm's co-founder, expressed amazement
with divergency in how investors treat public.
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