English language training forum

Go Back   English language training forum > English Teaching Forum > Teach English

Reply
 
Thread Tools Display Modes
  #111  
Old 07-12-2010, 05:48 PM
Camilla's Avatar
Camilla Camilla is offline
Senior Member
 
Join Date: Sep 2008
Posts: 24,586
Default

HOW TO TALK ABOUT THE ECONOMY.
__________________
Kebvz Bal v Mnvnl Vndt!
Reply With Quote
  #112  
Old 07-12-2010, 05:50 PM
Camilla's Avatar
Camilla Camilla is offline
Senior Member
 
Join Date: Sep 2008
Posts: 24,586
Default

At the moment we are in the middle of a financial crisis which could lead to recession or, worse still, a depression. This credit-crunch means that it is harder to borrow money from banks or it becomes more expensive to do so. The credit-crisis was caused by banks being involved in risky loans that resulted in bad debts. For example, banks lent customers money for mortgages to buy houses, but many customers were unable to repay their loans. This left the banks seriously out of pocket. Banks also lent money to other banks and big businesses, and now, these banks and businesses have problems with solvency.
In order to help these banks, governments are giving banks financial injections.
__________________
Kebvz Bal v Mnvnl Vndt!
Reply With Quote
  #113  
Old 07-12-2010, 05:51 PM
Camilla's Avatar
Camilla Camilla is offline
Senior Member
 
Join Date: Sep 2008
Posts: 24,586
Default

In the UK, this injection accounts for around a ?37billion bail-out. The British government now owns large parts of many banks, which is seen as a return to nationalisation. In a further attempt to help out, banks have cut their interest rates, but inflation continues to rise.
__________________
Kebvz Bal v Mnvnl Vndt!
Reply With Quote
  #114  
Old 07-12-2010, 05:53 PM
Camilla's Avatar
Camilla Camilla is offline
Senior Member
 
Join Date: Sep 2008
Posts: 24,586
Default

recession (noun) a period when the economy of a country is not successful and conditions for business are bad.
depression (noun) a long period when the economy is in a very bad condition. A worse situation than a recession.
credit-crunch / credit crisis (noun) an economic situation caused by banks having no money because they lent money to individuals or groups who could not pay them back.
risky loans (noun) the loans that banks gave to those who were not likely to be able to pay back the money.
bad debts (noun) banks being unable to get back the money they lent. Similar to risky loans.
mortgages (noun) special loans from banks to buy houses.
out of pocket (idiom) to make an economic loss. To pay out for something and not get anything in return.
__________________
Kebvz Bal v Mnvnl Vndt!
Reply With Quote
  #115  
Old 07-12-2010, 05:55 PM
Camilla's Avatar
Camilla Camilla is offline
Senior Member
 
Join Date: Sep 2008
Posts: 24,586
Default

solvency
(noun) the ability to pay back your loan.



financial injections (noun) a very large amount of money given to help a bank or organisation which is having money troubles.
bail-out (noun) to help a person or organization that is in difficulty, usually by giving or lending them money.
nationalisation (noun) the government takes control of a business or industry.
interest rates (noun) the rate that lenders charge their borrowers to borrow money.
inflation (noun) the rise in price of goods and services.
__________________
Kebvz Bal v Mnvnl Vndt!
Reply With Quote
  #116  
Old 07-25-2010, 02:19 PM
Camilla's Avatar
Camilla Camilla is offline
Senior Member
 
Join Date: Sep 2008
Posts: 24,586
Default

Vocabulary list: Family, Relatives
__________________
Kebvz Bal v Mnvnl Vndt!
Reply With Quote
  #117  
Old 07-25-2010, 02:19 PM
Camilla's Avatar
Camilla Camilla is offline
Senior Member
 
Join Date: Sep 2008
Posts: 24,586
Default

Find the correct English word for the given phrase.
Example: the woman that a man is married to - ____
Answer: the woman that a man is married to - wife
__________________
Kebvz Bal v Mnvnl Vndt!
Reply With Quote
  #118  
Old 07-25-2010, 02:20 PM
Camilla's Avatar
Camilla Camilla is offline
Senior Member
 
Join Date: Sep 2008
Posts: 24,586
Default

1) the husband of your aunt -
__________________
Kebvz Bal v Mnvnl Vndt!
Reply With Quote
  #119  
Old 07-26-2010, 05:01 AM
Alexandr's Avatar
Alexandr Alexandr is offline
Senior Member
 
Join Date: Dec 2008
Posts: 2,249
Default

Uncle
Reply With Quote
  #120  
Old 07-26-2010, 02:24 PM
Camilla's Avatar
Camilla Camilla is offline
Senior Member
 
Join Date: Sep 2008
Posts: 24,586
Default

2) a person's father or mother -
__________________
Kebvz Bal v Mnvnl Vndt!
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 07:19 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.

English language training forum. Learn English, Study English, Teach English as a second language.