I want to thank you for comment the last post. In fact, as James Wu said, everyone is being affected by financial crisis because we live in a society where nations, companies and people are more and more interconnected as the time pass by. And, in some way, we all are affected by what happens with a nation. So imagine the current crisis that has affected the most powerful and richest countries.
At the personal level, Teacher Rachel mentioned that she now pays less for the money that she took borrowed from the bank to pay her house. Or, in other words, the interest rates are falling in her country. For the other side, she told that she has to dispend more to buy food, clothes, etc (these things are becoming more and more expensive, in a process of inflation).
Mohammed Jihad Hesham wrote about his country, Egypt. There are people losing their jobs and some pharmaceutical companies went to bankruptcy. Henry Jeong, from South Korea, is afraid that the world enters in a 'vicious cycle' with companies cancelling investments and dismissing more and more employees. In other words, he is afraid that starts a process of depression of the world economy (I'm afraid too, Henry).
Here in Brazil we are suffering the effects of the crisis, too. Since last October employees have been fired, companies have postponed investments and, like other countries the interest rates are going down. But let's see the difference: here in Brazil the current basic interest rate is 11.25% per year. In England, the interest rate is 0.5% per year (Brazil is recognized as the country with higher interest rates in the world). The Brazilian government is conducting efforts to reduce the impact of the crisis in the Brazilian economy as many countries in the world.
But the efforts must be coordinated. So, last week The Group of Twenty (G20) met in London to discuss ways to recover the world economy. Again, the nations are more and more interconnected so governments have to work together to won the current crisis. I personally hope that the world economy back to grow soon.
Changing the subject, Rachel asked me about the use of articles. For me, choose the right article when writing or speaking English is a hard task. Sometimes I just prefer to omit its use. But I do not have any authority to talk about a reform of the English Language. I can talk about the recent orthographic reform of the Portuguese Language. I heard an interesting comment about this: in an orthographic reform, the people who propose the points to be changed considers the most common mistakes that they incurred when they were learning the language.
As an English learner, there are two others subjects that I think I must to improve: (1) direct and indirect speech and (2) the use of phrasal verbs. Could you help me, Rachel?
To the readers of the blog, I have another question: do you read books in English? What do you recommend?
Again, thank you everyone for the comments.
See you soon!
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