Adopting the Critical Discourse Analysis (CDA) approach, this study analyzes and discusses the news report related to Taiwan’s first lady Wu Shuchen’s interview with the media which appeared in two ideologically opposed newspapers, i.e. the pro-reunification United Daily News and the pro-independence Liberty Times. Both news articles are translated from an identical English text. However, based on analysis of headlines, editorial deletion and addition, syntactic and lexical variations, as well as stylistic differences in paragraph/thematic combination, we have found that noticeable changes are made by the two translated Chinese versions. We argue that these transformations and differences found in the two Chinese texts are not arbitrary, but rather are ideologically motivated, that is, they reflect and construct the underlying opposed ideologies between the two newspapers.

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Based on video-taped data from five televised 1998 Taipei mayoral debates, this article examines the use of reported speech in Chinese political discourse, with a particular focus on direct quotation. The findings are that direct quotation or constructed dialogue not only creates the rhetorical effect of vividness and immediacy but also establishes interpersonal involvement. More importantly, the three debaters in this study use direct quotation as an indirect strategy for self-promotion (i.e. to present a positive image of the speakers themselves) and for denigration (i.e. to present a negative image of their opponents). Citing someone else's words objectifies debaters' praise of themselves and vilification of their opponents, thereby heightening the reliability of their claims: these claims are presented as shared knowledge and reference is made to an external source. However, direct quotation is also a strategy of evasion: the speakers disclaim responsibility and distance themselves from the source of knowledge. Finally, the different use of citations made by the three debaters also marks their different communicative styles. While the two politicians who speak more formally generally tend to cite figures from newspapers or magazines, the one who speaks most casually frequently employs direct quotations.

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This article generalizes the single‐period linear‐programming bounds on option prices by allowing for a finite number of revision opportunities. It is shown that, in an incomplete market, the bounds on option prices can be derived using a modified binomial option‐pricing model. Tighter bounds are developed under more restrictive assumptions on probabilities and risk aversion. For this case the upper bounds are shown to coincide with the upper bounds derived by Perrakis, while the lower bounds are shown to be tighter.

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