Steve's lecture :
Most economists would agree that due to the credit crunch, global markets are facing potential collapse (Stiglitz, 2008; Monbiot, 2007).
As we know, our current recession began in the USA where banks got into the habit of granting mortgages to lenders unable to pay them back. This created a liquidity crisis in the country which banks and government were unable to resolve, and soon these economic difficulties spread to the rest of the world (BBC News, 2008).
Some people consider that nowadays the economic does not good so the global reactions of economic crises are more profound than before, specially for developing countries. For example banks loan money to people but they couldn’t pay it.
This essay will try to explain the main reasons for why the globalisation of the word's financial market has contributed considerably to the countries and also full up with many crises.
Tuesday, 13 January 2009
Monday, 12 January 2009
Today I read newspaper. It was about Fears of new prices surge.
It was about a dramatic drop in shops every month especially in November and December. And retailers are forced to balance the weakness of the pound. Electricals and home entertainment were all 5% lower than last year.
Also I learnt some vocabulary about Business and Finance.
Spark: quick
Surge back up: a lot of
Aggressive discounting: down very fast
Exceptionally: Specially
Slashed: very low
Upward: increasing
Kick-start: push
Conflict: different
Sufficiency: enough
It was about a dramatic drop in shops every month especially in November and December. And retailers are forced to balance the weakness of the pound. Electricals and home entertainment were all 5% lower than last year.
Also I learnt some vocabulary about Business and Finance.
Spark: quick
Surge back up: a lot of
Aggressive discounting: down very fast
Exceptionally: Specially
Slashed: very low
Upward: increasing
Kick-start: push
Conflict: different
Sufficiency: enough
Reading:
Today I read BBC news.
It was about ‘Home credit loans 'extortionate'
According to a report from the shadow housing minister, some companies charge for loan so far as 10,000% annual interest on their loans.
The minister said the extortionate interest charges were due to a lack of competition in the home credit market. Also he said the problem could be tackled by credit unions and creation of a national financial service.
Today I read BBC news.
It was about ‘Home credit loans 'extortionate'
According to a report from the shadow housing minister, some companies charge for loan so far as 10,000% annual interest on their loans.
The minister said the extortionate interest charges were due to a lack of competition in the home credit market. Also he said the problem could be tackled by credit unions and creation of a national financial service.
Wednesday, 7 January 2009
OVERVIEW OF MY SUBJECT:
I choose finance and accounting because I study this subject in my country and the most reason is, every where need accounting so in future I can find a job easily.
Finance and accounting is a system for given that financial information. Accounting is a formal system designed to record the financial of the firm.
Asking that question why we need accounting and why this subject is important. We need accounting because it’s the only way for business to grow. Accounting is the basic of the business financial world. Finally, accounting was created to the development of trade and commerce during these days. Accounting is the science of the business world.Nowadays international trade has been influenced by accounting.
Over the next few years, the finance and accounting will face dramatic changes in the economy; in global markets; in products and processes; and in technology, according to the report of The Council to Shape Change released today. In my opinion, finance and accounting will develop, when government create more effective markets for resources.
I choose finance and accounting because I study this subject in my country and the most reason is, every where need accounting so in future I can find a job easily.
Finance and accounting is a system for given that financial information. Accounting is a formal system designed to record the financial of the firm.
Asking that question why we need accounting and why this subject is important. We need accounting because it’s the only way for business to grow. Accounting is the basic of the business financial world. Finally, accounting was created to the development of trade and commerce during these days. Accounting is the science of the business world.Nowadays international trade has been influenced by accounting.
Over the next few years, the finance and accounting will face dramatic changes in the economy; in global markets; in products and processes; and in technology, according to the report of The Council to Shape Change released today. In my opinion, finance and accounting will develop, when government create more effective markets for resources.
CONVERSATION CLUB:
Today I had a conversation club. We talked about poem. At first the teacher asked us some question and each student answered next we discussed about our sentence.Then gave us some vocabulary about poem and we checked in dictionary then explained to our partner for instance, moor: a place that out side of city and covered by plant, wild: amazing, thee: like you, futile: it doesn’t important, rowing: move a boat.Afterwards the teacher gave us poem and we explained about it. My poem name was Wild Nights. Emily Dickinson (1830 -1886) wrote this poem.It was about a beautiful night .
Today I had a conversation club. We talked about poem. At first the teacher asked us some question and each student answered next we discussed about our sentence.Then gave us some vocabulary about poem and we checked in dictionary then explained to our partner for instance, moor: a place that out side of city and covered by plant, wild: amazing, thee: like you, futile: it doesn’t important, rowing: move a boat.Afterwards the teacher gave us poem and we explained about it. My poem name was Wild Nights. Emily Dickinson (1830 -1886) wrote this poem.It was about a beautiful night .
WRITING:
What were some of your own achievements in 2008?
From my point of view, many things happened yet time flew past so fast. So with my memory still fresh of events in 2008, I have get some achievements in 2008, the most significant achievement came to London.I believe that the most life changing event last year was starting my studying because I wanted to continue my study. In 2008 I often kept to myself and stayed at home. Now it feels great getting to meet new people and learn a lot of new things and sharing talents or interests with other people.I would like to finish my master in 2009 and the second most significant achievement will find a good job.
What were some of your own achievements in 2008?
From my point of view, many things happened yet time flew past so fast. So with my memory still fresh of events in 2008, I have get some achievements in 2008, the most significant achievement came to London.I believe that the most life changing event last year was starting my studying because I wanted to continue my study. In 2008 I often kept to myself and stayed at home. Now it feels great getting to meet new people and learn a lot of new things and sharing talents or interests with other people.I would like to finish my master in 2009 and the second most significant achievement will find a good job.
LISTENING:
I listened a BBC news.It was about a British journalist six weeks ago he abducted in the airport with Spanish photographer has been freed. They were in the Somalia to report on piracy.
He said he didn't know how long they were going there and they allowed to call every five day to another person who passed a massage to their family. He said when I came , I felt on top of the word.
I listened a BBC news.It was about a British journalist six weeks ago he abducted in the airport with Spanish photographer has been freed. They were in the Somalia to report on piracy.
He said he didn't know how long they were going there and they allowed to call every five day to another person who passed a massage to their family. He said when I came , I felt on top of the word.
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