"What the caterpillar calls the end, the rest of the world calls a butterfly." Lao Tzu
Always check your English!
"Video games can influence on the human behaviour. Noawadays play male and female of different age, them interesting virtual life, because there thay can do what they want, no roles, no preasure from other peolpe And people become agressive after. For example female play Sims. The presence sexist stereotyping in games is hardly surprising. But it is influence on the state of mind, such as when you play you can do what you want but afterthis you want to try in the real life. There are many choices when people after game they went out and killed person or crushed something. At the real life for this you should pay, you can be arested.I think tha t after the playing games person can be change, because some of them can play all day, it is a drugs when yu try ones and cant life with out them. I think that should to influence to stop sell agressive games cwhich bring bad position. "
Learning English - help for IELTS
Using GoogleEarth in the Foreign Language Classroom
Fantastic revision (Economics AND Business Studies)
Do them on a twice daily basis. Fantastic for your English and excellent for your Business Studies and Economics
Invest £35 as a group - vastly improve your English
First, check out these books on Amazon:
- Fantastic Mr Fox
- The Witches
- The Twits
- Charlie and the Chocolate Factory
- The BFG
- Matilda
- Charlie and the Great Glass Elevator
- Danny the Champion of the World
- George's Marvellous Medicin
Think about whether the stories would interest you...
Important link for Economics students
Of course in class I am going at the pace to ensure that everyone understands.
You need to consider what the hold-ups might be.
Could it be 'poor English' - in which case why haven't you worked through the Business English exercises on this blog?
Could it be you don't practice your English by writing daily blogs? (The entry here is from about three years ago!)
Could the hold-up be because of lack of work for Economics?
Whatever the reason check this out and practice, practice, practice!
Just think - if you could ALL take the exams (all the exams) in January.....
Financial Crash in Plain English
Credit crunch. Northern Rock. Bear Stearns. Fannie and Freddie. Lehman Brothers. AIG. HBOS. Here’s what the financial crash means to you.
Following years of feverish expansion, the financial system is having a fit. Low interest rates and cheap credit fuelled big gains in house prices and other assets. This created an environment in which banks were eager to take on more risk. Hence, they lent ever-more money to ever-more people in a race to the bottom of the barrel. Eventually, banks ran out of good customers to lend to, and started doling out money to people with poor credit records who had little hope of repaying their debts.
Bank then rolled up these risky loans (‘subprime mortgages’) into mortgage-backed bonds (IOUs). Using financial alchemy, bankers waved a magic wand and turned these bonds into highly rated securities. These were sold to banks, insurers and pension funds around the world. Thus, what could have been a local problem has escalated into a global drama.
How did it all go wrong?
As US house prices started to fall in 2006, the value of bonds backed by subprime mortgages started to slide. Very quickly, investors realised that they had been mugged, causing the market for mortgage-backed securities to grind to a halt. This prevented banks from parcelling up and selling on loans, thus restricting their ability to continue lending.
As banks grew anxious about each other’s exposure to these toxic loans, they became increasingly wary of lending to each other. Thus, inter-bank lending (‘wholesale lending’) dried up in early August 2007. Within a month, this ‘credit crunch’ had claimed its first scalp in the UK – Northern Rock.
The next victims
Although clever banks had sold on much of their subprime lending, many kept the supposedly choicest cuts for themselves. Then as house prices slid, the loans turned nasty and the US banks started to lose tens of billions of dollars.
Then in March, Bear Stearns, was rescued by JPMorgan Chase with government backing. The biggest bailout in history arrived at the start of this month, when the US nationalised the two biggest players in the American mortgage market, Fannie Mae and Freddie Mac.
A week later, Lehman Brothers, America’s fourth-largest investment bank, collapsed into bankruptcy. This forced number-three player Merrill Lynch into the arms of Bank of America. Next up was AIG, the world’s largest insurer, which received an $85-billion bailout in return for giving the US government an 80% stake in the firm. This week, the UK’s biggest mortgage lender, HBOS, is being taken over by rival Lloyds TSB.
What does this mean for you?
The bad news is that very few people will be entirely immune from this financial meltdown. Thanks to these poisonous loans, banks worldwide have already lost over £250 billion. Even worse, this loss could double or quadruple before things improve. Hence, in order to rebuild their capital and profits, banks must increase lending costs.
Therefore, thanks to interest-rate hikes, borrowers are being hit hard. We’ve already seen rates climb for mortgages, personal loans, overdrafts and credit cards. Nevertheless, as the economy slows down, rising bad debts will take their toll, forcing lenders into further rounds of rate rises.
Likewise, homeowners and property investors are suffering a double whammy, thanks to falling house prices, higher mortgage rates and a steep fall in the availability of home loans. Personally, I welcome lower house prices, as should anyone with plans to reach higher up the property ladder. My view is that the current property weakness will continue into the next decade, with no recovery before 2010.
In addition, stock-market investors around the world have suffered as economies begin to slow, company profits slip and share prices dive. Indeed, the failure of some massive companies has spooked investors, with the blue-chip FTSE 100 index falling below 5,000 this week -- a level not seen in three years. Although the UK stock market looks cheap on certain measures, I wouldn’t call the bottom just yet.
On the other hand, savers are doing very nicely, as a result of the banks’ desperate dash to stash more cash. Interest rates on Best Buy savings accounts have hit levels not seen since 2001. In fact, this craving for cash means that sensible savers can earn fixed rates in excess of 7%. Given that three-quarters (75%) of all Britain’s wealth is owned by the over-55s, well-heeled pensioners will benefit from higher savings rates.
Alas, rising inflation (higher prices) is undermining the value of the pound in our pocket. Last month, the Consumer Prices Index (CPI) measure of inflation hit 4.7%, its highest level since becoming the official measure of living costs. In other words, keen spenders will find retail therapy much less affordable, thanks to falling disposable incomes.
Finally, falling company profits and the economic slowdown will lead to lower tax revenues. With public spending rising relentlessly, the government will have to milk taxpayers harder in order to avoid a huge budget blowout. Thus, politicians are likely to feel the brunt of the public’s anger, with Prime Minister Gordon Brown and Chancellor Alistair Darling first in the firing line!
Source: http://www.fool.co.uk/news/your-money/2008/09/18/the-financial-crash-in-plain-english.aspx
Dima's talk
I hope all of you are familiar with the vocabulary too - as listed on this blog a week or so ago.
Bring your cameras - Friday is a big day!
Key vocabulary - Financial Crisis
Key vocabulary:
The above is from this Special Report.
Also read this long article
Remember, the financial crisis will affect a) businesses and b) the economy and is thus in the syllabus for both subjects.
Reading Assignments
Worried that you have been given too much reading?
University of New South Wales advocates purposeful reading — "Start by asking questions about what you need to find out, and then select reading that relates to your questions." For example, if you need to find specific information, skim the material until you spot what you need. But "To understand reasons and facts and to learn, read slowly and deliberately." Critical reading, they explain, involves "reading in-depth" in order "to gain deep understanding of the material." While reading critically, they recommend questioning whether the writer provides critical evidence to back up statements, uses logical arguments, and is evenhanded in presenting different sides of a case. Another UNSW tip for Effective Reading: plan to read the material twice and only take notes during the second reading.
In Coming to Grips with Reading and Writing Academic Articles, Yukon College recommends checking out the sources used by the author. "Check the foot- or endnotes or look at the reference list. Knowing where the author got the information will tell you whether the author is looking at something new (interviews, letters, archival or government documents, etc.), taking a new look at something old (books and articles), or combining new and old."
Be selective about your reading, says British Broadcasting Service. "Choose which books or articles you really need to read by scanning the titles or chapters for key words – that is, words which are relevant to your subject." Their piece The Language of Study and Work is especially helpful for you as the materials you're studying are written in English but English is not your primary language.
Learn English for free
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Unhappy with your grades?
If you are unhappy with the grades I have given you then here are some questions you should consider:
1. Do you speak English all the time in class?
2. Are you taking steps to improve your English?
3. Are you doing the Business English exercises I have listed in the blog?
4. Do you post detailed posts to your blog every single day? Each post should take 30 minutes MINIMUM to create.
5. Do you write comments on other blogs?
6. Have you listed everyone's blogs on your blogs I told you to? If you don't know how to do this have you asked anyone for help?
7. When you evaluate a product do you actually EVALUATE it and look at its competitors, the price, how the product works, what use it would be to the consumer?
8. I have given a lot of products to evaluate - have you done this?
9. For Economics, in the discussion list and here in the blog I listed questions for every day of the week. Have you done them and what have you done with your answers? I have not seen them.
10. In class do you participate?
11. Do your actions in class help the class to learn or are your actions disruptive?
12. Do you prepare lessons i.e. read ahead for your subject?
13. Have you learned the mind map software?
14. Have you mind mapped some key topics and put them in your blog?
15. For Business Studies did you do the work on setting up in business - and did you come up with a business idea (question 3) and then comment on it (question 4)
16. Have you been listing key words in your vocabulary books and then expanding on the explanations later?
17. Do you read an English newspaper in English every day? (Especially the business/economics section)
18. Have you joined the Stock Market investment team?
19. Have you played the business games - any of them especially the Investment one?
20. Have you been watching Dragons Den (on the internet)?
21. Have you entered the Business Plan competition (optional)?
22. For Economics have you started mind mapping those chapters i sent round and then putting the maps in your blogs?