Wednesday, 15 January 2014

Independent Learning Log

Independent Learning Log

Date: 5:20p.m — 5:50 p.m 
15/01/2014     T1W2

What I did: 
Due to our homework today, I read several articles on NYTimes website. After having read the news, I summarised them and typed them down.

What I learned:
ramp—an inclined surface connecting two levels 
retrenchment—reduce costs or spending in response to economic difficulty
taper—diminish or reduce in thickness towards one end
recession—a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters
depreciation—lose down its value 
overinvestment—exceed investment
polarise—restrict the vibrations of wholly or partially to one direction. 
custody—the protective care or guardianship of someone or something
eradication—the complete destruction of something


The first piece of news is about World Bank’s expectation. They intended to have growth on economic aspect that the bank’s economists expect growth over all to increase from 2.4 percent last year to 3.2 percent in 2014, and to maintain that level for the next two years. However, there are still many barriers on their pace to success.The emerging-market giants China and India should see stronger growth this year,but concerns remain: India has struggled with inflation and currency depreciation, and China with a vulnerable banking sector and overinvestment.

The second piece of news is about the disorder in Thailand. The current prime minister Yingluck, who is the sister of the previous prime minister, is not able to control the proceeding confrontation with the protestors. It is the third day for thousands of antigovernment protester to marched through a main commercial and business district in Bangkok. It comes to a result that if Yingluck does not resign, the protester will continue parading. In my opinion, the best way to sort out the question is that the election being brought forward, and the two party can hold a new prime minister.

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