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Business English

World financial crisis 2008-2009

The world crisis goes over the world at a speed of financial operation. It’s not a secret that the financial crisis came and many people have already felt its influence. Where did the financial crisis 2008 come from?

It’s obvious that the American financial crisis grew into the worldwide one. The feature of the world crisis of 2008 is the consumer boom in the USA that led to the highest prices of raw materials (petroleum WTI $147,27 per barrel).

Mortgage crisis occurred in the biggest economy of the world, after that there were collapses of banks and insurance companies and market downfall. The government made a decision to nationalize the financial sphere, major banks, insurance and investment companies resorted to the government.

What is the way out of the crisis? According to the laws, particularly according to the shallow water theory the way out of the crisis should be the economic growth and production withdrawal from a crisis state. The incitement of it can be innovative breakthrough. Perhaps it will be chip renewable energy. Because energy is the basis of any modern production.

Key Vocabulary:

go over – идти

influence – влияние

grow into – вырасти в

worldwide –всемирный

feature – характерная черта

consumer boom – потребительский бум

raw materials – сырье

petroleum –нефть

mortgage crisis – ипотечный кризис

collapse of bank – банкротство банка

insurance company – страховая компания

market downfall – обвал рынка

resort – обратиться за помощью

shallow water theory – теория длинных волн

way out – выход из какой-либо ситуации

withdrawal – выход чего-либо откуда-либо

incitement – толчок, побуждение

breakthrough – прорыв

renewable energy - возобновляемый источник энергии

Отрывок статьи взят с сайта: www.mirovoy-crisis.ru

Discussing Ideas at a Meeting

Chairman: I'd like to open today's meeting. Robert?

Robert: First, I'll quickly go over the main points of the last meeting.

Chairman: …. (finishes) , if no one has anything to add, let's move on to today's agenda.

Robert: I suggest we each give a little background on the suggestions we discussed last week.

Chairman: Could you repeat that, please?

Robert: Let's start by going over the research you've done on the suggestions.

Chairman: You'll find most of the information outlined in the summary documents in front of you.

Robert: These figures are interesting. It's clear to me that customer communications are not working as they should.

Chairman: Yes, our marketing efforts really haven't been effective to date.

Robert: I suggest we break up into groups and discuss how we can improve our message.

Chairman: Unfortunately, we're almost out of time. I suggest you submit your ideas on marketing and we can discuss the best next week.

Robert: Before we close, could we quickly discuss the Armstrong situation?

Key Vocabulary:

to open a meeting – начать совещание

to go over - осветить

main points – основные моменты

to add something to a discussion – добавить что-либо по вопросу

agenda - повестка дня

to move on – перейти к

to give some background – дать какие-то исходные данные

outlined – изложенный вкратце

figures – показатели, цифры

communications - связи

marketing efforts - маркетинговые мероприятия

to date – до сегодняшнего времени

to break up into groups – разбиться на группы

out of time – нет времени

to close a meeting – завершить совещание

Пример диалога взят с сайта: www.esl.about.com

До свидания. Задать нам вопросы вы можете через сайт: www.fast-english.ru

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