The news today is full of stories about the financial crisis and recession. The complex problems behind this crisis have given rise to a whole new vocabulary. So, today we’re going to explore the language you’ve been hearing every day in the news.
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How have you been affected by the economic crisis? What about your company? What’s the situation like in your country?
Share your experiences and join in the discussion.
Couple of interesting YouTube videos on the financial crisis:
1. An excellent presentation on the beginning of the crisis and possible cause:
http://www.youtube.com/watch?v=xUKSU1qahgE
2. Here’s the economic meltdown set to music:
http://www.youtube.com/watch?v=mzXTxAOQEdo
great video! at my school every one is worried about jobs. What happens when we will leave
PS. I searched another video. It will be very good for others:
http://vimeo.com/3261363
Our company has been hit hard, only 40 capacity is utilized. A lot of staff were laid off. Morale went down a lot, all people are worried about future. They have no confidence for company future.
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hello,
of course everyone waiting for recovery but is it coming or is it “house of card”.
Please stop exagerrating things. There is a large economic downturn every 20-25 years. We always bounce bad stronger; look at what happened after the great depression.
My only worry is it looks like it is getting much worse under Obama. After he took office the stock market dropped much faster and unemployment skyrocketed. Plus we now have the largest debt ever and it just keeps getting bigger under him…we might be in for a hard time.
We have all experienced economic problems in our lifes, so for the whole world to be experiencing it now, should not be a new thing. And please, it is not as if since its Obama that is on the throne that caused the finicial distress. America is one amongst the finicially bouyant countries in the world, so the strategies employed by the Govt should be given a chance. We in africa, and the rest of the world are watching, all we need is time for the plans of Obama to rectify the problem. patience and good advice is what we all need now, to manage the affairs of our prospective countries.
good lessons with easy ways to understand and small sizes to download them as well. which means thanks a lot for this website