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| financial dictionary pdf - financial terminology dictionary - financial dictionary app Posted: 24 Apr 2020 11:17 PM PDT
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| Latest Govt Jobs, Sarkari Naukri, Results Posted: 24 Apr 2020 09:58 PM PDT
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| Posted: 24 Apr 2020 08:19 PM PDT
Section 3You should spend about 20 minutes on Questions 27-40, which are based on Reading Passage 3 below. The Romantic PoetsOne of the most evocative eras in the history of poetry must surely be that of the Romantic Movement. During the late eighteenth and early nineteenth centuries a group of poets created a new mood in literary objectives, casting off their predecessors’ styles in favour of a gripping and forceful art which endures with us to this day. Five poets emerged as the main constituents of this movement – William Wordsworth, Samuel Taylor Coleridge, George Gordon Byron, Percy Bysshe Shelley and John Keats. The strength of their works lies undoubtedly in the power of their imagination. Indeed, imagination was the most critical attribute of the Romantic poets. Each poet had the ability to portray remarkable images and visions, although differing to a certain degree in their intensity and presentation. Nature, mythology and emotion were of great importance and were used to explore the feelings of the poet himself. The lives of the poets often overlapped and tragedy was typical in most of them. Byron was born in London in 1788. The family moved to Aberdeen soon after, where Byron was brought up until he inherited the family seat of Newstead Abbey in Nottinghamshire from his great uncle. He graduated from Cambridge University in 1808 and left England the following year to embark on a tour of the Mediterranean. During this tour, he developed a passion for Greece which would later lead to his death in 1824. He left for Switzerland in 1816 where he was introduced to Shelley. Shelley was bom to a wealthy family in 1792. He was educated at Eton and then went on to Oxford. Shelley was not happy in England, where his colourful lifestyle and unorthodox beliefs made him unpopular with the establishment In 1818 he left for Italy, where he was reunited with Byron. However, the friendship was tragically brought to an end in July 1822, when Shelley was drowned in a boating accident off the Italian coast. In somewhat dramatic form, Shelley’s body was cremated on the beach, witnessed by a small group of friends, including Byron. Historically, Shelley and Byron are considered to have been the most outspoken and radical of the Romantic poets. By contrast, Wordsworth appears to have been of a pleasant and acceptable personality, even receiving the status of Poet Laureate in 1843. He was born in 1770 in Cockermouth, Cumbria. By the time he entered his early teens, both his parents had died. As he grew older, Wordsworth developed a passion for writing. In 1798 Wordsworth published a collection of poems with Coleridge, whom he had met, a few years earlier, when he settled in Somerset with his sister Dorothy. He married in 1802 and, as time passed, he deserted his former political views and became increasingly acceptable to popular society. Indeed, at the time of his death in the spring of 1850, he had become one of the most sought-after poets of his time. Wordsworth shared some of the years at Dove Cottage in Somerset with his friend and poetical contemporary, Coleridge. Coleridge was born in Devon in 1772. He was a bright young scholar but never achieved the same prolific output of his fellow Romantic poets. In 1804 he left for a position in Malta for three years. On his return he separated from his wife and went to live with the Wordsworths, where he produced a regular periodical. With failing health, he later moved to London. In 1816 he went to stay with a doctor and his family. He remained with them until his death in 1834. During these latter years, his poetry was abandoned for other forms of writing equally outstanding in their own right. Perhaps the most tragic of the Romantic poets was Keats. Keats was born in London in 1795. Similar to Wordsworth, both his parents had died by his eariy teens. He studied as a surgeon, qualifying in 1816. However, poetry was his great passion and he decided to devote himself to writing. For much of his adult life Keats was in poor health and fell gravely ill in early 1820. He knew he was dying and in the September of that year he left for Rome hoping that the more agreeable climate might ease his suffering. Keats died of consumption in February 1821 at the age of twenty-five. It is sad that such tragedy often accompanies those of outstanding artistic genius. We can only wonder at the possible outcome had they all lived to an old age. Perhaps even Byron and Shelley would have mellowed with the years, like Wordsworth. However, the contribution to poetry by all five writers is immeasurable. They introduced the concepts of individualism and imagination, allowing us to explore our own visions of beauty without retribution. We are not now required to restrain our thoughts and poetry to that of the socially acceptable. Questions 27-32Do the following statements agree with the information given in Reading Passage 3? Write TRUE if the statement agrees with the information FALSE if the statement contradicts the information NOT GIVEN if there is no information on this 27 The Romantic Movement lasted for more than a century. 28 The Romantic poets adopted a style dissimilar to that of poets who had come before them. 29 Unfortunately, the works of the Romantics had no lasting impression on art. 30 The Romantics had no respect for any style of poetry apart from their own. 31 The Romantics were gifted with a strong sense of imagination. 32 Much of the Romantics' poetry was inspired by the natural world. Questions 33-39Complete the table below Write NO MORE THAN THREE WORDS for each answer.
Question 40Complete the sentence. Choose NO MORE THAN THREE WORDS from the passage for the answer. 40 According to the writer, the Romantic poets left us with the ideas of………………………. ANSWER KEY FOR IELTS READING PRACTICE TEST1 a hundred years/100 years 2 mentally confused/behind monolingual children 3 (well-developed) language 4 ii 5 vi 6 iv 7 i 8 ix 9 v 10 FALSE because it says in the last paragraph: '”balanced” bilinguals may have temporary and occasionally permanent advantages over monolinguals>. 11 FALSE because it says in the last paragraph: 'being less fixed on the sounds of words and more centred on the meaning of words’ 12 NOT GIVEN 13 TRUE because it says in the last paragraph: 'This advantage may mean an initial head start in learning to read and learning to think about language' 14-16 (in any order) 14 B because it says in paragraph 1: which advises on the clinical and cost effectiveness of treatments for the National Health Service (NHS) in the UK’. 15 D because it says in paragraph 2: ‘Its ruling should apply only if the treatment was likely to be less effective, or not work because of an unhealthy habit.’ 16 G because it says in paragraph 3: 'Across the UK, primary care trusts (PCTs) regularly wait for many months for a NICE decision before agreeing to fund a new treatment’ 17 A because it says in paragraph 4: 'no priority should be given to patients based on income' 18 D because it says in paragraph 4: 'NICE has already ruled that IVF should be available on the NHS to women aged 23 to 39′. 19 C because it says in paragraph 5: 'They acknowledge that it can be difficult to decide whether an illness such as a heart attack was self-inflicted in a smoker.' 20 C because it says in the last paragraph: 'Jonathan Ellis, the policy manager at Help the Aged, said it was pleased NICE had finally shown an understanding of the importance of tackling age discrimination.' 21 A because it says in paragraph 6: 'Prof Sir Michael Rawlins, the chairman of NICE' 22 B because it says in paragraph 7: 'Steve Webb, the Liberal Democrat health spokesman' The Liberal Democrats are a political party in the UK. 23 A because it says in paragraph 6: 'On age we are very clear'. 24 B because it says in paragraph 7: 'There is no excuse for cash- strapped hospitals denying treatment to people whose lifestyle they disapprove of'. 25 C because it says in the last paragraph: 'The NHS now has much to learn. It will ensure a fairer deal all round for older people using the NHS.' 26 A because it says in paragraph 6: 'NICE values people, equally, at all ages.' 27 FALSE because it says in paragraph 1: ‘During the late eighteenth and early nineteenth centuries‘. 28 TRUE because it says in paragraph 1: casting off their predecessors styles in favour of a gripping and forceful art‘. 29 FALSE because it says in paragraph 1: a gripping and forceful art which endures with us to this day‘. 30 NOT GIVEN 31 TRUE because it says in paragraph 2, ‘Indeed, imagination was the most critical attribute of the Romantic poets.5 32 TRUE because it says in paragraph 2: 'Nature, mythology and emotion were of great importance‘. 33 (the) Mediterranean 34 Greece 35 his (colourful) lifestyle 36 political views 37 output 38 failing health 39 climate 40 individualism and imagination, because it says in the last paragraph: ‘They introduced the concept of individualism and imagination. Continue with..Practice Test 34 | ELTS Writing Task 2 Test On 8th September With Band 8.0-9.0 Sample – topic : Unemployment Posted: 23 Apr 2020 05:00 PM PDT Task 2: In countries where there is high unemployment, most pupils should be offered only primary education. There is no point in offering secondary education to those who will have no hope of finding a job. To what extent do you agree or disagree? Essay Plan:• Introduction: (1) refer to the task question (2) my opinion: this argument is too narrow -1 completely disagree • Paragraph 3: 2nd reason: the real aim of education is to help people to think critically- this produces informed and responsible citizens • Conclusion: the job market is volatile, and the real role of education cannot be neglected – to develop critical skills Also check: IELTS Writing Task 2 IELTS Writing Recent Actual Test (Task 2) 2020 with Sample Answers (Ebook)
IELTS Writing Task 2 Actual Tests & Sample Answers written by IELTS teachers aims to help IELTS candidates perform at their best on the big day. Essay:It is true that in countries which are suffering from high rates of unemployment, it seems hardly worthwhile to offer education beyond primary level to most pupils. While I accept that this appears logical, I believe that this is a very narrow perspective, and I completely disagree with the statement. Firstly, the prediction of upturns and downturns in the job market is extremely difficult. At one period there may be a demand for workers in many sectors of a country's economy. Wages are high, and the education system needs to prepare large numbers of students up to and beyond secondary school level, with the skills to meet the needs of employers. For example, while technology is replacing many traditional jobs in such areas as agriculture, transport and heavy industry, it is also creating new jobs in other sectors. Thus, in economic terms, it is almost impossible to say how many highly-educated young people will be required for a nation's workforce. Secondly, I contend that the purpose of education is much more fundamental than simply to prepare young people for the world of work. Education is nothing less than the acquisition of lifelong skills in thinking critically about all aspects of life. At its best, secondary education plays an essential part of helping young people to develop these critical skills. If the citizens of a country are informed and enlightened, problems such as a welfare system or the distribution of wealth can be intelligently debated. Without mass education to this level, a country can have no responsible citizens. In conclusion, although in today's volatile global economy, any country's employment situation is subject to rapid changes, the intangible but real objectives of education dictate that young people should be educated to at least secondary level.
294 words Vocabulary:• worthwhile [adjective]: Meaning: important and worth spending time, effort or money on doing Example: The high price of dental treatment makes it worthwhile to look after your teeth by brushing them regularly. • upturns and downturns [nouns]: Example: They have supported Real Madrid through all the upturns and downtumsjn the club's fortunes. • the job market [expression]: Meaning: the number of jobs that are available Example: Why don't you do a degree in engineering? I hear that the job market in this field is very good at the moment. • to meet the needs of [expression]: Meaning: the things that somebody requires for a particular purpose Example: The course is designed to meet the needs of students who have hearing difficulties. • heavy industry [noun]: • workforce [noun]: Meaning: the people who work for companies or organisations Example: In Germany in 1932, almost 44% of the workforce were unemployed. • the world of work [expression]: Meaning: employment in general Example: She decided to leave school at the age of 16 and enter the world of work_to support her parents. • to be nothing less than [expression]: Meaning: used to emphasise how great or extreme something is Example: The decision to ignore global warming is nothing less than irresponsible and dangerous. • acquisition [noun]: Meaning: the act of getting something, such as knowledge or skills Example: She is studying the acquisition of language by young children as part of her course. • critical skills [noun]: Example: Students are encouraged to develop critical skills, not simply to accept the ideas of others. • welfare system [noun]: Example: Sweden has a welfare system which includes care for the elderly, free medical services and financial support for the unemployed. • the distribution of wealth [expression]: Example: In the USA, the distribution of wealth is resulting in a small section of the population owning most of the property. • citizenship [noun]: Meaning: the state of being a citizen of a country and accepting the responsibilities of a citizen Example: Schools should provide the type of education that prepares young people for the responsibilities of citizenship. • volatile [adjective]: Meaning: unstable and likely to change suddenly Example: The economic crisis caused a volatile political situation, with riots in the streets. • to be subject to [expression]: Meaning: to be likely to experience something Example: Japan is particularly subject to storms in the autumn. • intangible [adjective]: Meaning: that exists, but is difficult to describe or measure Explain: The forest had an intangible atmosphere of danger, perhaps because it was so dark. | ELTS Writing Task 2 Test On 18th August With Band 8.0-9.0 Sample Posted: 23 Apr 2020 05:00 PM PDT Task 2: In the modern world it is possible to shop, work and communicate with people via the internet and live without any face-to-face contact with others. Is this a positive or negative development? Essay Plan:• Introduction: (1) refer to the statement in the question (2) state that you think there are both positive and negative aspects of this trend • Paragraph 2: the internet is useful (1) friends – easy to keep in touch (2) shopping – save time and petrol, look for bargains online (3) work – own working hours, avoid commuting • Paragraph 3: people need face-to-face contact (1) false virtual friendships -e.g. paedophiles (2) clothes, books – better to buy in shops (3) work – personal contact with colleagues – creativity, avoid misunderstandings • Conclusion: there are both positive and negative aspects. Also check: IELTS Writing Task 2 IELTS Writing Recent Actual Test (Task 2) 2020 with Sample Answers (Ebook)
IELTS Writing Task 2 Actual Tests & Sample Answers written by IELTS teachers aims to help IELTS candidates perform at their best on the big day. Essay:It is true that in contemporary life people in many parts of the world are able to do their shopping, work and communicate with each other via the internet. While there are clear positive aspects of this trend, there are also negative aspects of having less face-to-face contact with other people. On the one hand, the internet can be very handy in many ways. Many people use it to keep in touch with friends and family, using Facebook, Skype or What's App to send instant messages or to enjoy a quick chat. Many also use the internet for online shopping, thus saving time and petrol on trips to the supermarket as well as hunting around different sites for bargains. However, it is in terms of work that the internet offers the most potential benefits. More and more people are working or even studying from home, at hours which suit their own schedules. Many hours are saved each week by eliminating the daily commute and the stress of coping with the rush hour. On the other hand, as social beings, people need personal contacts. Firstly, virtual friendships which are formed online may not be genuine. The media carries many horror stories of youngsters who have fallen prey to paedophiles, for example. Secondly, online shopping is not always appropriate, depending on the item. It is best, for instance, to try on clothes before buying, and while a bookworm can find almost any book title that they want online, they will certainly miss browsing the shelves of bookstores. Finally, personal interaction with work colleagues can generate ideas and avoid misunderstandings. In conclusion, although there are positive aspects of this trend, there are also aspects of face-to-face contact which it would be a shame to lose. 292 words. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| English Pronunciation in Use (Intermediate Edition) by Mark Hancock Posted: 23 Apr 2020 05:00 PM PDT English Pronunciation in Use Intermediate by Mark HancockThe best-selling English Pronunciation in Use is a comprehensive reference and practice book suitable for self-study or classroom work. Sixty easy-to-use units cover all aspects of pronunciation, including individual sounds, word stress, connected speech and intonation. Each unit is supported by audio material in range of accents, available on audio CD or cassette. An additional reference section offers a glossary of specialized terms, help with the pronunciation of numbers and geographical names and fun exercises on phonemic symbols and minimal pairs. The CD-ROM provides a wide variety of additional interactive activities to reinforce the pronunciation covered in the book, as well as tests, progress checks, games and animated diagrams of the mouth showing learners how to produce individual sounds. Students can also record themselves and compare their pronunciation with one of the many models provided.
Key features
FREE DOWNLOAD HERE:[sociallocker id=1844]Download English Pronunciation in Use Mirror [/sociallocker] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Flavour Industry, Austerity Measures – Reading Posted: 23 Apr 2020 05:00 PM PDT READING PASSAGE 1You should spend about 20 minutes on Questions 1-13, which are based on Reading Passage I below. The way in which information is taught can vary greatly across cultures and time periods. Entering a British primary school classroom from the early 1900s, for example, one gains a sense of austerity, discipline, and a rigid way of teaching. Desks are typically seated apart from one another, with straight-backed wooden chairs that face directly to the teacher and the chalkboard. In the present day, British classrooms look very different. Desks are often grouped together so that students face each other rather than the teacher, and a large floor area is typically set aside for the class to come together for group discussion and learning. Also check: IELTS Reading Recent Actual Tests Jan-May 2020 with Answers- Ebook
IELTS Reading Actual Tests & Suggested Answers written by IELTS teachers aims to help IELTS candidates perform at their best on the big day. Traditionally, it was felt that teachers should be in firm control of the learning process, and that the teacher's task was to prepare and present material for students to understand. Within this approach, the relationship students have with their teachers is not considered important, nor is the relationship students have with each other in the classroom. A student's participation in class is likely to be minimal, aside from asking questions directed at the teacher, or responding to questions that the teacher has directed at the student. This style encourages students to develop respect for positions of power as a source of control and discipline. It is frequently described as the "formal authority" model of teaching. A less rigid form of teacher-centred education is the "demonstrator” model. This maintains the formal authority model's notion of the teacher as a "flashlight" who illuminates the material for his or her class to learn, but emphasises a more individualized approach to form. The demonstrator acts as both a role model and a guide, demonstrating skills and processes and then helping students develop and apply these independently. Instructors who are drawn to the demonstrator style are generally confident that their own way of performing a task represents a good base model, but they are sensitive to differing learning styles and expect to provide students with help on an individual basis.
Many education researchers argue for student-centred learning instead, and suggest that the learning process is more successful when students are in control. Within the student-centred paradigm, the "delegator” style is popular. The delegator teacher maintains general authority, but they delegate much of the responsibility for learning to the class as a way for students to become independent thinkers who take pride in their own work. Students are often encouraged to work on their own or in groups, and if the delegator style is implemented successfully, they will build not only a working knowledge of course specific topics, but also self-discipline and the ability to co-ordinate group work and interpersonal roles. Another style that emphasises student-centred education is the "facilitator" mode of learning. Here, while a set of specific curriculum demands is already in place, students are encouraged to take the initiative for creating ways to meet these learning requirements together. The teacher typically designs activities that encourage active learning, group collaboration, and problem solving, and students are encouraged to process and apply the course content in creative and original ways. Whereas the delegator style emphasises content and the responsibility students can have for generating and directing their own knowledge base, the facilitator style emphasises form and the fluid and diverse possibilities that are available in the process of learning. Until the 1960s, formal authority was common in almost all Western schools and universities. As a professor would enter a university lecture theatre, a student would be expected to rush up, take his bag to the desk, and pull out the chair for the professor to sit down on. This style has become outmoded over time. Now at university, students and professors typically have more relaxed, collegiate relationships, address each other on a first name basis, and acknowledge that students have much to contribute in class. Teacher-centred education has a lingering appeal in the form of the demonstrator style, however, which remains useful in subjects where skills must be demonstrated to an external standard and the learning process remains fixed in the earlier years of education. A student of mathematics, sewing or metalwork will likely be familiar with the demonstrator style. At the highest levels of education, however, the demonstrator approach must be abandoned in all fields as students are required to produce innovative work that makes unique contributions to knowledge. Thesis and doctoral students lead their own research in facilitation with supervisors. The delegator style is valuable when the course is likely to lead students to careers that require group projects. Often, someone who has a high level of expertise in a particular field does not make for the best employee because they have not learnt to apply their abilities in a co-ordinated manner. The delegator style confronts this problem by recognizing that interpersonal communication is not just a means to learning but an important skill set in itself. The facilitator model is probably the most creative model, and is, therefore, not suited to subjects where the practical component necessitates a careful and highly disciplined manner, such as training to be a medical practitioner. It may, however, suit more experimental and theoretical fields ranging from English, music, and the social sciences to science and medical research that takes place in research labs. In these areas, "mistakes" in form are important and valuable aspects of the learning and development process. Overall, a clear evolution has taken place in the West from a rigid, dogmatic, and teacher- dominated way of learning to a flexible, creative, and student-centred approach. Nevertheless, different subjects, ages, and skill levels suit different styles of teaching, and it is unlikely that there will ever be one recommended approach for everyone. Questions 1-8:Look at the following statements (Questions 1-8) and the styles of teaching below. Match each statement with the correct teaching style, A -D. Write the correct letter, A-D, in boxes 1-8 on your answer sheet. NB You may use any letter more than once. 1. The emphasis is on students directing the learning process. 2. The teacher shows the class how to do something, then students try it on their own. 3. Student-teacher interaction and student student interaction is limited. 4. The emphasis is on the process of solving problems together. 5. Students arc expected to adjust to the teacher's way of presenting information. 6. The teacher designs group activities that encourage constructive interaction. 7. Time is set aside for one-on-one instruction between teacher and student 8. Group and individual work is encouraged independently of the teacher. List of Teaching StylesA. Formal authority B. Demonstrator C. Delegator D. Facilitator Questions 9-12:Do the following statements agree with the information given in Reading Passage 1? In boxes 9-12 on your answer sheet, write TRUE if the statement agrees with the information FALSE if the statement contradicts with the information NOT GIVEN if there is no information on this 9. The formal authority model remains popular in educational institutions of the West 10. The demonstrator model is never used at tertiary level. 11. Graduates of delegator style teaching are good communicators. 12. The facilitator style is not appropriate in the field of medicine. Question 13:Choose the correct letter. A, B, C or D. Write the correct letter in box 13 on your answer sheet. 13. What is the best title for Reading Passage 1 ? A Teaching styles and their application B. Teaching: then and now C. When students become teachers D. Why student-centred learning is best | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| IETLS Writing Task 2 Topic : Communication and Technology & Sample Answers Posted: 23 Apr 2020 05:00 PM PDT Many people think modern communication technology is having some negative effects on social relationships. Do you agree or disagree? SAMPLE ANSWERThe impacts of digital communication on human relationships have long been a topic of controversy. From my perspective, modern means of communication may sabotage one’s relationships with other people. Also check: IELTS Writing Recent Actual Test (Task 2) 2020 with Sample Answers (Ebook)
IELTS Writing Task 2 Actual Tests & Sample Answers written by IELTS teachers aims to help IELTS candidates perform at their best on the big day. The most typical example of today’s communication technology is the mobile phone. Originally designed to provide people with instant access to telecommunication, it has become indispensable for most people in modern society. Nowadays, various features such as built-in cameras and interactive games have been added to the mobile phone, making it multifunctional and thus even more popular. However, I believe the omnipresence of mobile phones in particular, or digital communication tools in general, often interferes with the bonding time that people share and thus has a negative influence on interpersonal relationships. There is compelling evidence for my belief.
If people use mobile phones for work purposes, business calls may disrupt any real-life conversations they have. This is the case for millions of working people who may have overlooked the importance of having smooth and uninterrupted conversations with other people. It is possible that they are unaware that relationships are at risk of eroding when people spend less quality time with each other. In addition, if people use mobile phones to play games, the constant urge to complete game missions may disengage them from social gatherings. For example, many teenagers sacrifice real-life socialising time for mobile game playing time. In the long term, this would be likely to cause friends to drift apart. Some people use mobile phones mainly for virtual social networks, and notifications and messages from these sites may prevent them from having intimate conversations with their loved ones. There are many real examples of couples on the verge of breaking up because one or both partners have grown overly attached to social network applications on mobile phones, and they find it hard to maintain a sense of intimacy. I believe that any of these issues could have a significant impact on a person’s social relationships. However, most people use mobile phones for all of the aforementioned purposes, and consequently they need to pay constant attention to their phone, potentially isolating those in their company. In this way, mobile phones may dull real-life interactions and affect relationships as a result. In brief, the constant distraction of modern communication devices such as mobile phones may cause the breakdown of numerous social relationships. 392 words, written by Tu Pham | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| IELTS Writing 2 Practice Test 25 & Band 8.0 Sample Answer – topic : Air travel Posted: 23 Apr 2020 05:00 PM PDT IELTS WRITING 2 PRACTICE TEST 25Some people believe that air travel should be restricted because it causes serious pollution and will use up the world's resources. Do you agree or disagree? BAND 8.0 SAMPLE ANSWERThe impact of air travel on the environment has been the topic of continuous debate in recent years, followed by the concern that more and more people refer to it as a favorable means of travel. Restrictions should be imposed on air travel, according to some people. However, there are other points in their argument. Also check: IELTS Writing Task 2 IELTS Writing Recent Actual Test (Task 2) 2020 with Sample Answers (Ebook)
IELTS Writing Task 2 Actual Tests & Sample Answers written by IELTS teachers aims to help IELTS candidates perform at their best on the big day. The first undeniable factor is that aircrafts have been blamed for a large proportion of air pollution. Planes, either idling or taxiing, contribute a large part of local emission annually. There are some suggestions that air travel is one of the most suitable modes of transport for long distance trips. This viewpoint is however fallacious. Trains, for instance, can also serve as an optimal alterative, consuming less energy and causing less contamination. Along with air pollution, aircrafts can cause noise pollution. Although it is almost impossible to measure exactly the actual impact of noise on people's everyday lives, its ability to increase the anxiety and levels of disturbance has been confirmed. Especially to those living in the neighborhood of an airport and around the flight paths, noise problems created by aircrafts is a headache. Despite the problems created by air travelling, it is not to say that this should be significantly curtailed. Alternatively, this can be operated in a method by which its strengths can be fully taken advantage of. For instance, by replacing old engines with cleaner ones, people can mitigate the negative affect caused by flying. Meanwhile, aircrafts have a higher capacity, allowing an enormous number of passengers for each flight and hence giving the best possible values to the fuel used. In the light of those facts discussed above, substantial consideration should be given to the problem of pollution caused by aircrafts. However, it does not necessarily mean that air travel should be restricted. Instead, people could make some appropriate adjustments and improvements to ensure the optimal use of this form of travel. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| IELTS Speaking Practice Test 04 – Topic: Money and Society Posted: 23 Apr 2020 05:00 PM PDT Topic: Money and SocietyAudio for IELTS Speaking Practice Test 04IELTS SPEAKING PART 2
It really depends on how much money a “large amount” is. If it's in the trillions I’d probably buy up most of Europe or maybe North America. Also Check :IELTS Speaking Practice test I would be my own little king and have everyone pay homage to me. There would be no more wars because I wouldn’t let them happen. I would be fair to all people. We would commission all of the nuclear scientists to try to discover an economical, plentiful, and non-toxic substitute for gasoline and diesel. There would be less pollution, because if you want to drive a gas powered vehicle you’d have to pay a tine. As far as noise pollution, there would be less, because there would be fewer things to complain about. I would sponsor rock festivals so that everyone could partake of the beauties of music. All my subjects would love me, because they'd know I am trying my best not to be like all of the leaders in the past who gave into their own desires and
IELTS SPEAKING PART 3MONEY
Money isn't really that important to me, but you need money in live and if you don't have money, then you can't do anything. But I'm really against the idea of just spending your whole life trying to make a bunch of money so that you can die a rich man. Most of the people who do that: don’t even get to enjoy the money they have, and they're never content with what they have because they always want more.
It really depends on how much they're getting. Some kids definitely get way more than they need, and others don't get enough. There are some families where the parents hardly have enough money to pay their bills and get food; I don’t think these families should feel obliged to give their children money that they don’t have. But if they do have money, then it would be nice to give at least some spending money to their children.
If you give your children only a small amount of money each week then they'll have to learn to make it last. It might take a while for them to learn, and they might be broke for the first few months, but after a while they’ll realize that money doesn’t grow on trees and will respect its value. Of course there are children who always want everything they see, and if the parents give it to them then the kids won't value money at all. 4 Do you think it is important to let children earn money skills? I think that’s a wonderful idea. If all kids knew how to do banking, open a savings account and cash checks, their parents would have a lot more leisure time. And even if the parents still do banking, at least when their kids grow up they won’t be totally helpless. In fact, they'll have a big jump on the other kids their age.
If you pay someone extra to work overtime then you're, in a sense, giving them an incentive to work harder. When the work day is over, most people just want to go home and relax. Some people are workaholics and don't think anything of working until 3 or 4 in the morning and getting at 6 a few hours later to go back to work. But these people are rare. So if you want more people to work later an overtime bonus is a very good idea. Money and Society
Jobs like designing and repairing computer software, lawyers, doctors and surgeons, building designers. scientists, and Hollywood actors are some better paying jobs. All these jobs require years of study, research, and lots of experience in that field.
People who are multilingual will be highly sought after in the future. As the world is becoming more international, people who speak more than 2 languages fluently will be greatly needed. English is the main international language right now. but there are billions of extremely intellectual individuals who can't speak or understand English. These people don't want to get left out of all the fun and games that are happening in the rest of the world, so they need translators who will be able to make them understood by people of different races.
The most important factor is, as most fun loving people know, how much vacation time you get. Not only time off. but paid time off. Another important thing to keep in mind is what kind of work it is. Some work is just boring and nobody likes doing it—except for boring people. But if you really want to excel in your work, pick something that you feel comfortable doing, something that you're good at. the workplace environment is also very important. Some offices are stuffy and drab, whereas others make you feel fresh and alive.
The primary source of government income is taxes. Taxes are the way that governments support all their projects around the country. Whether they're building skyscrapers, roads, or schools in impoverished counties, all this funding comes from taxes. Another way to put it is that you’re supporting the government, because you're the one paying the taxes. Whenever you see government officials on the news doing something or another, you can know that you are actually responsible, since it is you who made it possible for them to do it
You know, that would be very nice. I've always wondered what exactly is going on behind those closed doers. Naturally some things just can't be talked about because they're state secrets, and some things you probably don't want to know about, such as how much money was spent on this banquet, or that convention, or how many liters of gasoline their vehicles Consume each month. But I would like to know exactly what they're spending my money on. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Advanced Grammar for IELTS : Determiners Posted: 23 Apr 2020 05:00 PM PDT Advanced Grammar for IELTS: Determiners – Diagnose Test, Grammar Explanation & Practice ExercisesDeterminers or noun signals are the special adjectives used before nouns. There are different types of determines like, Articles (a, an, the), demonstratives (this, that, these, those), possessives (my, your, his, her, ours, theirs), quantifiers (few. little, fewer, many, much, more, less). Usage of DeterminersDeterminers can be used in the following ways:
DIAGNOSTIC TEST: DeterminersComplete each sentence with a/an the or – (no article). Example: All our towels are made of….-…Egyptian cotton.
Underline the correct determiner or determiners in each sentence (- = no article). In some cases, two may be correct. Example: None/ Some/ Both neighbors rushed to the aid of the elderly woman.
GRAMMAR EXPLANATION: DeterminersDeterminers are words that precede nouns, e.g. articles, demonstratives, quantifiers, and possessive adjectives. Articles can be a problem area in English for students even at an advanced level, especially for those whose own language has a very different article system. This unit covers articles, demonstrations, and quantifiers. ARTICLES1A. Basic rules
all/ both/ half + the: all the information, both the twins quite / rather /such / what/ half + a/ an: quite a difficult problem
1B. Naming, describing and classifying
That’s a scarab beetle. ‘What’s that?’ 'It’s an enormous anthill.’
An African elephant has larger ears than an Indian elephant.
The African elephant has larger ears than the Indian elephant.
African elephants have larger ears than Indian elephants.
X Ruthless poachers hunt an elephant for the valuable ivory of its tusks. ✓ Ruthless poachers hunt the elephant for the valuable ivory of its tusks. ✓ Ruthless poachers hunt elephants for the valuable ivory of their tusks.
The homeless will be removed from the streets and placed in hostels.
1C. Known or unknown topic
A new travel guide has advised would-be tourists to Morecambe that it is a place to avoid. … The guide paints a bleak – if not third- world – picture.
1D. General and specific
Tourists are often blamed for changing the character of a place. (= all tourists) Did you notice what the tourists in the cathedral were doing? (= specific tourists) It is commonly accepted today that brown bread is good for you. Did you remember to get the bread out of the freezer?
X It is impossible to live in a world without the hope ✓ It is impossible to live in a world without hope (hope in general) The hope of finding a cure for cancer drives a lot of medical research.
Fewer people attend church regularly now than twenty years ago. Can children leave school at fourteen in your country?
The collection for restoring the church has almost reached its target. Is there a school in the village or do the children have to go to the town? 1E. Other common uses of articles
DEMONSTRATIVES2A. Used as adjectives
I'm not sure which shoes to buy.’ ‘Well, I think these shoes are lovely.’
This woman came up to me in the bank and asked if she could borrow … 2B. Used as pronouns or intensifiers
This is a really wonderful cup of tea. What kind is it? A/ an says he's giving up his job to travel the world. I think that's stupid.
This is the worst recession we have seen for more than ten years.
Hundreds of Brixton residents turned out to welcome Tyson to their borough. Those who had bothered were rewarded by a 40-minute walkabout.
I’ve never known a winter this cold before. So you think you’re that clever, do you? QUANTIFIERS3A. Common quantifiers and their use
You’ve got some interesting ideas, but have you got any money to back them?
You won’t catch any fish here. Any fisherman will tell you that.
Is some of the information useful? (I expect that a part of it is.) Is any of the information useful? (I have no idea if it is useful or not.) 3B. Quantifiers as subjects verb.
The vote was split: half were in favor of the motion, half were against it.
PRACTICE EXERCISEQ 1.Read this story and fill in the gaps with the correct article: a/ an, the or – (no article). For one gap you will need a possessive adjective.I first experienced terror when I was seven. My mother lived in London, but after a brief liaison with (1)____ soldier from the United States, she became pregnant and fled to (2)____ country. (At that time, fifty years ago, it was considered shameful to be a single parent.) A great aunt of hers lived in (3)____ cottage in (4)_____ North Wales, and there she was able to bring me up in (5)____ peace, pretending that she was a widow. (6)_____ locals were all very friendly to us and accepted us without question, and I had (7)______ blissful childhood. One day I arrived home from (8)_____ school to find my mother clutching (9)_____telegram, in floods of tears. (10)_______ telegram informed her that her father – my grandfather – had died. His funeral would be in three days and we had to go to London. I had never been outside (11)_____ village and I was really excited at the thought of going to (12)______ capital city. So, two days later, we boarded a train to London. It was (13)_____ first time I had been on a train and I could barely contain (14)_______ excitement of such an adventure. Several hours later we arrived. I clutched my mother’s hand as we stepped down from the train. (15)________ station was full of people rushing home from (16)______ work and it was quite dark. Now (17)_____ fear was starting to creep into my mind. Then, suddenly, we were in (18)_______ street outside the station. I had never seen so many people, buses and cars, nor heard so much noise. I was terrified. I opened (19)________ mouth and the wail that I let escape was one of (20)______ sheer terror. Q 2.Complete these short sentences with an appropriate article: a/an, the or – (no article).
Q 3.Complete the dialogue with a demonstrative adjective or pronoun from the box.
ROB What's on TV tonight, do you know? JENNY No. Why don’t you look in the paper you’re reading? ROB (1)…….. paper doesn't have TV listings. JENNY Oh, right. Well try (2)………. one on the shelf, over there. ROB OK … yes, let's see. There's nothing much on (3)…….. days at all, is there? It's all soaps and detective series. JENNY Mmm. I thought there was always a serious documentary on Tuesday evenings. (4)…….. one last week on homelessness was really interesting. ROB Yes, you're right. There's one on travellers. Listen. (5)………. is awful. ‘Although landowners may lose income while travellers are on their land, there is no fast route to evicting them. (6)……… who go through the courts often have to take out more than one injunction before the matter is settled.’ JENNY Well, what do you expect? The travellers need somewhere to live, like the rest of us. The government should give them land. ROB (7)……….’s no solution, is it? They want to travel, not to settle. JENNY How do you know? There was (8)……… story in my magazine about travellers from years ago and the encampments they made – they were allowed to settle down then. ROB Yes, but in (9)…….. days there was more free land. Land is (10)………..valuable today, people use every bit of it and don’t want travellers on their land. JENNY Mmm, well why don't we turn the TV on and find out what the documentary says? Q 4.Match one of the sentences or beginnings of sentences in each pair (1-8) with a continuation of the sentence or conversation from the list below (A-l).
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3.
4.
5.
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Q 5.For each of these questions, either one or two alternatives (A-C) are correct. Circle the letters of the correct alternatives.1.I haven't seen ______ of those films, so I don’t mind which one we go to.
2. You shouldn’t slouch like that. It puts ______of pressure on one hip and leg.
3. At this stage______ information would have been a step In the right direction.
4. The Fitness Room would like to invite ________ of its patrons to enter the annual fitness challenge.
5. _______ witnesses responded to the police appeal after the accident.
6. _______ of the women who attended the demonstration was willing to give us an Interview.
7. We would like to add that _______ medallion is inscribed with the name of its lucky owner.
8. Only _______ of the news today has been about the election.
9. We guarantee that _______ item of the dinner service will be replaceable for a period of ten years.
10. We are delighted to be able to welcome _______ the competition winners to the gala evening.
Q 6.Complete the article with the words from above each paragraph. (- = no article)
FOOD FRIGHTSPlanning a big day out this summer? It's not just the rides that could turn your stomach! The risk of food poisoning should be the last thing on (1)…. mind when you're enjoying a quiet day out (2)….. summer. But, in (3)….. UK, there were around 95,000 reported cases of (4)…. food poisoning in (5)….. last year alone – a four-fold increase on the number of reported cases just ten years ago. We checked food safety at 13 of our top tourist attractions. We tested the food on offer and inspected hygiene standards at restaurants, cafés, and kiosks on site. Standards were generally poor. About (6)……. third of the 65 food samples we bought tailed to meet satisfactory microbiological guidelines. Sandwiches came out worst — in five of (7)…….. 25 samples we bought we found food-poisoning bacteria. But, to judge from our inspections, the results are not that surprising. Only one in seven food outlets passed (8)……… of our inspection criteria. (9)…………….majority of problems we came across were staff-related and showed a lack of training in (10)………..food safety.
What we foundAt (11)………….. tourist attraction we bought a selection of sandwiches and other food products. Our tests revealed specific food-poisoning bacteria in five of (12)……….. sandwiches. High levels of other general bacteria were also found in more than (13)………. of the sandwiches – while (14)……….. bacteria don't make you ill, they do point to (15)………… poor hygiene practices. Five sandwiches contained food-poisoning bacteria at levels that are not satisfactory according to guidelines. (16)……………could cause food-poisoning – (17)……….. children, elderly people and pregnant women are particularly vulnerable. We've informed (18)…………… food outlets and tourist attractions concerned; (19)……………(but not all) have taken positive action as a result of (20)………….disturbing findings. Q 7.Read the following text. In most lines there is an unnecessary word, a word missing or an incorrect word. For each numbered line (1-23), identify the mistake and write the correct word in the space on the right. Some lines are correct. Indicate these with a tick (✓). The exercise begins with three examples.Magnum past and presentMagnum is a co-operative of nearly sixty photographers with offices in New ✓ York, London, Paris and Tokyo. A co-operative was founded in 1947 by …. A => The photographers the Robert Capa, Henri Cartier-Bresson. George Rodger and the
ANSWER KEY FOR DIAGNOSTIC TEST
ANSWER KEY FOR PRACTICE EXERCISEQ 1.
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| IELTS Listening Practice Test 119 Posted: 23 Apr 2020 05:00 PM PDT SECTION 1Questions 1-2Circle the appropriate letter. Example: What type of accommodation does Bahtt want? A. A house. 1. How does she want to travel to the university? A. By car. 2. How did she feel about living at the Student Hostel? A. Very pleasant. Questions 3-6Complete the table below using NO MORE THAN THREE WORDS.
Address: 6 ________________, Botany Questions 7-8Choose TWO letters, A-F. Which TWO of the following the agent says are included? A. kitchen cupboards Questions 9-70Choose TWO letters, A-F. What TWO things does the student request before moving in? A. new kitchen cooker
SECTION 2Questions 11-13Choose the correct letter, A, B or C. 11. The Bridge Hotel is located in A. the city centre. 12. The newest sports facility in the hotel is A. a swimming pool. 13. The hotel restaurant specializes in A. healthy food. Questions 14-15Choose TWO letters, A-E. Which TWO business facilities are mentioned? A. Internet access Questions 16-20Complete the table below. Write NO MORE THAN THREE WORDS AND/OR A NUMBER for each answer.
SECTION 3Questions 21-22Complete the sentences below. Write NO MORE THAN TWO WORDS AND/OR A NUMBER for each answer. 21. Last year, Fiona got a grade________________ for the Theory and Practice option. 22. Fiona has some free time because her_________________ has been cancelled. Question 23Choose ONE letter, A-E. Which book does Fiona advise against? A. Brown: Observing Theory in Practice B. Jespersen: Theory’s Crucible C. Piresi: On Giants' Shoulders D. Willard: Practical Theories in the Social Sciences E. Williams: Knowledge Theory Questions 24-30Complete the notes below. Write NO MORE THAN TWO WORDS AND/OR A NUMBER for each answer. How to use the recall system
Fiona’s advice on organizing a study group to work on an assignmentFind two or three people on the course who live near you. Divide up the reading load. Take it in turns to 28___________________ what you have read for the others. Explain your 29____________________ to each other. Write first draft of essay. Exchange drafts and 30_______________. Write final version of essay. SECTION 4Question 31Choose ONE letter, A- D Who are most likely to be the offenders of information-technology crime? A. hackers and crackers Questions 32-39Complete the table below. Write NO MORE THAN THREE WORDS for each answer.
Question 40Complete the sentence below. Write NO MORE THAN THREE WORDS for the answer. 40. Computer Emergency Response Team can offer international information and computer security service to_____________________. Answer keys:Section 11. B 2. A 3. not big enough/too small 4. too expensive / $400 a week 5. reasonably priced / $250 a week / cheap 6. 14a Station Road 7-8. C; E (in either order) 9-10. B; D (in either order) Section 211. C 12. B 13. C 14-15. A; D (in either order) 16. 75 17. evening(s) 18. (four-course) dinner 19. 52 20. golf club Section 321. A+/Aplus 22. lecture 23. B 24. pink slip 25. departmental) 26. Information Desk 27. 25p / 25 pence 28. summarise / summarize 29. essay plan(s) 30. (give) feedback Section 431. C 32. trade secrets 33. hardware or information 34 power 35. suppliers and clients 36. (a / the) challenge 37. data 38. tool 39. databases 40. Internet users
BONUS EXERCISE: GAP-FILLINGThe texts below are transcript for your IELTS Listening Practice Test. To make the most out of this transcript, we removed some words from the texts and replaced with spaces. You have to fill each space with the missing word by listening to the audio for this IELTS listening practice test. SECTION 1In this section you will hear a conversation between a house agent and Bahtt, an overseas student studying in Australia. Bahtt is enquiring about renting a place to live. A = House Agent; B = Bahtt (female) A: Good morning. B: Good morning. Um.-.I’m looking for a place to rent near the university. A: What are you after? A house, a flat…a room? B: Well, [……………………….]a house, if that’s possible. There are three of us looking for [……………………….]altogether. We thought we might share if we could find something suitable.(Example) A: So something near the university? B: Yes, if that’s at all possible. We’re all students so it’d be good if we could find something within walking distance of the [……………………….]. None of us has a car and we don’t want to have to take [……………………….]. A: Yeah. Well, everybody wants that of course. B: Yeah, I [……………………….]they do. A: Are you in your first year? B: No, I’ve been here a year already. Last year we all lived in a hall of [……………………….]. That was really great, even the food wasn’t too bad. We had a lot of fun there. But in the second year they kick you out into the real world! A: OK, so let me have a look and see what we’ve got… Well, there’s a [……………………….]house in Newtown which is quite cheap. B: That’d be good because it’s very near the university, but if we all want our own rooms it isn’t really big enough. A: Too small. Give that one a miss? B: Yeah, 1 think so. Got anything else? A: What about, this? A three-bedroom flat, close to the university… It’s [……………………….]a week. B: Oh, that’s too [……………………….]. A: Alright, well… here’s something that might interest you. It’s a three-bedroom house with [……………………….]. B: Not bothered about the garden, but where is it? A Near the airport. B: That’s miles from the university. A Yes. it is auite far. but it’s [……………………….]priced at [……………………….]a week. Why don’t you go and have a look? B: Oh…alright. We will. Can I have the address? A: Right, w’ell it's at [……………………….]. Botany. B: Is anyone living there at the moment? A: No, it's vacant. B: Does it have any furniture? A: Well, it says here that it’s well [……………………….]. B: What does that mean exactly? A: Well, there's a kitchen table and chairs, two single beds, a double bed, two [……………………….], a kitchen cooker and a washing & machine. Not bad really for the money. B: Is there a fridge? A: It doesn’t mention it here. I can let you have the key and you can pop round and see for yourself. B: Right…thanks. We’ll do that. A: Hello…you’re back. How did you find the house? B: Well… not bad. It’s certainly large enough and there’s quite a big garden. But it’s completely [……………………….]. You can hardly get out the back door because the [……………………….]is so high. We’d have to have it. [……………………….]a bit before we moved in. A: OK. B: The kitchen is fine, but there’s an awful smell [……………………….]the house. A: The place hasn't been [……………………….]for a couple of months, so that’s probably why it’s a bit [……………………….]. It’ll be fine when you open up the windows for a bit. B: Yeah. Well, I think the [……………………….]ought to pay to clean the &[……………………….]at least. A: I can put that to him, though I’m not sure whether he’ll agree. We can but ask. B: OK. Well, if he does, we’d probably be interested… SECTION 2You will hear a recorded message giving information about an English hotel. Welcome to the Bridge Hotel Information Line. The Bridge Hotel is part of the Compact group, which is a large [……………………….]of family- owned hotels offering a warm friendly [……………………….]and high quality service at [……………………….]prices. All of them cater for a wade range of people-from business to [……………………….]clients. Set in a quiet [……………………….]area on the attractive outskirts of Belford. About [……………………….]from the city centre, the Bridge Hotel is a – popular choice for [……………………….]. After recent refurbishment and expansion, it now has 25 [……………………….]and 20 singles. All 45 are en suite with TV and coffee-and-tea-making facilities. The Bridge Hotel is set in three and a half [……………………….]of grounds with an open-air swimming pool and four tennis courts. Here is also a newly opened [……………………….]with fitness suit, which is considered one of the best [……………………….]in the area. Non-resident membership is available. We have a fully licenced restaurant for residents and [……………………….], which provides a wide range of dishes with a particular focus on dishes from around the world. For the [……………………….]business customers, we have designated business rooms with phone links allowing full [……………………….]. Our & conference facilities cater for up to [……………………….]and we are able to offer transport to guests to and from [……………………….]Airport at a small extra cost. There now follows information about short break packages. Welcome to the Bridge Hotel Short Breaks Information Line. We offer three packages: 2-day, 3-day and 5-day. The 2-day break costs [……………………….]per person per night and includes full cooked breakfast and evening entertainment. Very popular for weekend get aways. The 3-day break costs £60 per person per night and in addition to offers for the 2-day break, includes one four-course dinner. This allowrs guests to enjoy the full range of hotel [……………………….]. The 5-dav break costs £52 per person per night and, in [……………………….]to offers from the 2- and 3-day breaks, includes free beauty [……………………….]on two days and a full-dav pass to the golf dub. This package is [……………………….]popular for couples wiio want a completely relaxing break. If you would like more information about these special [……………………….], call Extension 3469 to speak to our Customer Service Manager, John Martin. Thank you for calling the Bridge Hotel Information Line. SECTION 3You will hear three students talking about their study programmes. E = Elaine; N = Neil; F = Fiona N: Hi, Elaine, I was hoping I'd see you here. How're things? E: All right. You? N: Not bad, but I’m beginning to worry about that [……………………….]. E: What, the one on Theory and Practice? N: Yes. E: When’s it got to be in by? N: Next Thursday, and I just can’t get to grip with it. E: Yes, it’s a [……………………….]one. I’m hoping to get down to it over the weekend. I tell you what, there’s [……………………….]. Let’s see if she has any pearls of [……………………….]on the subject. She took the Theory and Practice option last year, didn’t she? And got an A+ for it, I think. N: How does she do it? E: Let’s ask her. Hi, Fiona. Hard at work? F: Not exactly. The lecture’s just been cancelled, so I’ve [……………………….] got a free morning on my hands. E: That's lucky. You’ve met Neil, haven’t you? F: Yes. E: We were just talking about the Theory and Practice assignment we've got to hand in next Thursday. Can we just pick your [……………………….]a moment? F: How far have you got with it? E: Well, still at the early [……………………….]really. F: Are you? Well, one bit of advice I'd definitely give is not to spend hours [……………………….]through the [……………………….]– Theory's Crucible bv Jespersen: it really isn’t very helpful. I think the only reason they keep it on the reading list is that the library has got so many copies of it. Personally, I found the [……………………….]source – On Giants' Shoulders written by Piresi. Have you read it yet? E: Piresi? I don’t think so. F: That’s a great book. It must be on your reading list. N: Right. F: Another one I found very useful was the [……………………….]called something like Practical Theories by, was it Williams, or Willard? Yes, Willard. Also, if you want to look at case studies, that small book of Ron Brown’s has got some interesting stuff in – you know the one I mean? N: Ron Brown, yes. I looked for it in the library but it was out on loan. , F: Yes, it's a very popular book. Did you try the recall [……………………….]? N: The what? F: Don’t you use the recall system? You should, you know. You iust, have to take a pink slip from any of the [……………………….], fill the details of the book in, out vour departmental address on the back- vour departmental address, not vour home address-and hand the & slip in at the Information Desk. Then check the mail in your department [……………………….]. Say 10:00 in the morning and 3:00 in the afternoon, for a slip telling you the book is ready to collect. Last week I [……………………….]a book at lunch time and got the slip telling me it was ready just [……………………….]later. That wras [……………………….]: it usually takes 3 days. N: T didn’t know’ you could do that. Is it expensive? F: No. There’s a normal charge – [……………………….]a book. I think. It’s well worth it if you’re preparing for an assignment. Are you going to be working together on it? N: Erm…I’m not sure. E: I would, if I wrere you. You get so much more out of the assignment that way. N: But surely the [……………………….]would notice that our [……………………….]were the same? F: No, no. I’m certainly not [……………………….]you should actually write the thing together. I’m talking about when you first start on a big [……………………….]. I think it’s a good idea to find two or three others on the course who live near you, and divide up the reading load between you. Then you can meet up again a few days later and take it in turns to [……………………….]vour reading for each other. At the next stage you go round the group [……………………….]vour essav plan, which makes it easier for [……………………….]then to go off and write the first draft of their [……………………….]on their own. Later on you usually exchange drafts and give [……………………….]in the group, before finally writing your essays individually. N: Did you really do all that? F: Usually, yes. It makes the whole thing much easier and more [……………………….].’ N: Right. Well, I think I need another [……………………….]before getting started. Can I get you one? F: Yes, why not. SECTION 4In this section, you will hear a talk given by Donn Parker, an expert on computer security, about the computer criminals. Hi there. As an expert on computer [……………………….], my job is to oversee and analyse the [……………………….]in computer users. Computers have been common place in our daily life, making our life and work [……………………….]and lively. However, with the development of computer [……………………….], computer crime has started to attract more people’s [……………………….]. NOWT in respect of this topic I will present some of my view’s and studies. What kinds of people are [……………………….]most of the information- technology crimes? According to my research, over [……………………….] may be employees, the rest are outside users, [……………………….]and [……………………….], and professional criminals. It is amazing that the [……………………….]account for this large proportion. Let us see them in detail. Employees: Employees are those with the skills, the [……………………….], and the access to do bad things. [……………………….]or disgruntled employees pose a far greater problem than most people have [……………………….]. To most supervisors and some experts, they worry that dishonest employees or outsiders can more easily [……………………….] communications or steal company’s trade secrets. Workers may use information technology for personal profit or steal [……………………….]or information to sell. They may also use it to seek [……………………….]for real or imagined wrongs, such as being passed over for [……………………….]. Sometimes they mav use the technology simply to [……………………….]to themselves that they have power over people. This may have been the case with a Georgia [……………………….]employee [……………………….]of sabotaging the firm's computer system. As files [……………………….]disappeared and the system randomly [……………………….], other workers became so [……………………….]and enraged that they quit. Outside users: Outside users are company’s suppliers and clients. They may also gain access to a company's information technology and use it to commit, crimes. With both, this becomes more a [……………………….]as electronic connections such as Electronic Data Interchange Systems become commonplace. Hackers and crackers: What are hackers? Hackers are people who gain [……………………….]access to computer or [……………………….]systems for the challenge or even the principle of it. Crackers also gain unauthorised access to information technology but do so for [……………………….]purposes. Crackers [……………………….]to break into computers and [……………………….]obtain information for financial gain, to shut down hardware, pirate [……………………….], or destroy data. The [……………………….]for hackers as the benign explorer has [……………………….]. Most communications systems [……………………….]view any kind of unauthorised access as a [……………………….], and they pursue the offenders [……………………….]. And educators also try to point out to students that universities cannot provide an education for everybody if [……………………….] Professional [……………………….]: Members of organised crime rings don't just steal information technology. They use it in a legal wav as a [……………………….]tool, but for illegal purposes. For instance, [……………………….]can be used to keep track of illegal gambling debts and [……………………….]. Drug dealers have used pagers as a link to [……………………….]. Microcomputers, scanners, and printers can be used to forge checks, [……………………….]papers, passports, and drivers’ [……………………….]. Telecommunications can be used to transfer funds [……………………….]. As information-technology crime has become more [……………………….], in 1988, after the last [……………………….]Internet break-in, the U.S. Department created the Computer Emergency Response Team (CERT), although it has no power to arrest or [……………………….]. CERT provides round-the-clock international information and security- related support services to users of the Internet. Whenever it gets a report of an electronic [……………………….], whether on the Internet or on a corporate E-mail system, CERT stands ready to lend [……………………….]. It counsels the party under attack, helps them [……………………….]the intruder, and evaluates the system [……………………….]to protect against future break-ins. Practice every day to improve your IELTS listening skills. Don’t forget to visit IELTS Material website on a daily basis to find more practice tests for every skill in the IELTS Test.
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Posted: 24 Apr 2020 08:05 PM PDT
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| PAM Specialist at ilantus and 28 more Architecture jobs for you! Posted: 24 Apr 2020 08:01 PM PDT IBM, Wipro LTD, and Philips have new jobs. <!--[if (gte mso 9)|(IE)]> <![endif]--> 29 new Architecture vacancies |
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| Sourcing Operations Admin at ANSYS and 34 more Human Resources jobs for you! Posted: 24 Apr 2020 07:48 AM PDT Accenture, JP Morgan Chase, and Siemens AG have new jobs. <!--[if (gte mso 9)|(IE)]> <![endif]--> 30+ new Human Resources vacancies |
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Posted: 24 Apr 2020 07:56 PM PDT
economic news of india - world economic news - economics news for students - indian economy news |
- A week to go for May 3, experts divided over the way out for India
- India takes first step to normalcy today
- Why Franklin fiasco must set off alarm bells
- 'Developing economies could see sharper recession'
- No more extentions for Infratel-Indus deal deadline beyond June 24: Akhil Gupta
- Tata Trusts commences pan India campaign to prevent spread of COVID-19
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- View: Why you are not one of the world’s greatest investors
- HCL Tech lends tech to help TN govt fight Covid 19
- Pressure mounts on BS Yediyurappa to rework govt staff pay
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| A week to go for May 3, experts divided over the way out for India Posted: Mumbai: As India approaches the May 3 deadline for lifting the nationwide lockdown, top epidemiologists are divided over the future course of Covid-19 management and the strategy to be followed in getting the country back to work.Two veteran infectious diseases experts — Jayaprakash Muliyal and T Jacob John, who were at the forefront of the leprosy eradication and pulse polio immunisation programmes, respectively — feel it's time to end the lockdown, with one of them describing a long-term shutdown as akin to 'burning the house to kill a rat'.Experts from the official health establishment, however, advocate phased relief, with strict containment measures guided by surveillance mechanisms. They warn that achieving 'herd immunity' is a costly proposition that will result in a surge of positive cases, which will overwhelm the healthcare system."My advice is: Keep the elderly out of the picture for the time being, as the disease hurts them the most. So, we quarantine the old for two-three months and let the youngsters get to work," Muliyal told ET."Several of them will fall ill, unfortunately, but there will be adequate space in hospitals to treat them. So, mortality can be further reduced. And then, we reach the point of saturation, or herd immunity," he added.Act of Stopping Time: T Jacob JohnMuliyal has been a big proponent of the 'herd immunity' concept. This is a strategy where you let natural immunisation take place by a large population contracting the disease, thereby halting the spread of the infection.This controversial concept was initially promoted by UK Prime Minister Boris Johnson, before the country reversed its stance on the issue. Recent random antibody testing in New York reveals that 20% of that city's population may have contracted Covid-19 and recovered on its own.According to Muliyal, herd immunity may already be developing in India as reports come in of people with sub-clinical and mildly clinical symptoms. "Along with epidemic, the natural immunisation process is also going on… all I am saying is, don't forget that," he said, adding the country needs to worry about availability of beds in hospitals. This disease seems to spare the young, as mortality rates in that segment are very low, Muliyal said.John described the lockdown as an act of stopping time. "It just froze time. Once you unfreeze time, whatever you stopped day before the lockdown, it will pick up. So, lockdown is not simply for reducing the transmission or flattening the curve, it is because you need time to prepare. And if you didn't prepare in two weeks, you won't be prepared in four weeks either," he told ET.John compared the lockdown effort for hunting the virus to the story of a 'clever man', who burnt down a house to kill a rat. "The lockdown was good for two weeks, three weeks was the upper limit. Anything more than that will be like burning the house down," he said.However, physical distancing measures must continue, John said. 75367090NEW NORMALAt the other end of the spectrum, two experts who are part of the National Task Force of the Indian Council of Medical Research (ICMR), said the country needs to get used to a new normal."The best post-lockdown strategy is to implement phased relief, with stricter containment measures guided by strong surveillance mechanisms. Herd immunity as a concept is mostly theoretical at this stage since reinfections are known to exist in communities that have had the infection earlier," said Giridhara Babu, an infectious diseases expert with the Public Health Foundation of India."I think the lockdown has been successful in keeping the burden low, helping in preparedness and scaling up testing. It has proven most models predicting a worse scenario wrong," said Sanjay Pujari, director of the National Institute of Allergy and Infectious Diseases.Pujari said herd immunity may be a good concept for infections with low morbidity and fatality rates. But in case of Covid-19, trying to achieve herd immunity will lead to a surge in cases which will overwhelm health systems."Imagine the burden when 50-60% of the population (the number needed to achieve herd immunity) is infected. Research on immune response to SARS-CoV-2 is still evolving. It is better to achieve herd immunity by using a vaccine and in the meanwhile prevent getting infected with physical distancing, hand hygiene, cough etiquette and universal mask use," Pujari told ET. |
| India takes first step to normalcy today Posted: In a reprieve to public at large, the government on Friday night allowed opening of neighbourhood and stand alone shops, including those located in residential complexes within municipal areas, but at a 50 per cent strength and after taking necessary precautions.However, the order signed by Union Home Secretary Ajay Bhalla, made it clear that shops in market places, multi-brand and single brand malls located in municipality areas shall continue to remain closed till May 3.Amending its April 15 order, the Union Home Ministry said "all shops, including neighbourhood shops and standalone shops, shops in residential complexes, within the limits of municipal corporations and municipalities, registered under the the Shops and Establishment Act of the respective State and UT" will be allowed to open during the lockdown.The shops will mandatorily have 50 per cent strength of workers wearing of masks and following social distancing. Opening of neighbourhood shops is being seen as a relief to people who have been under lockdown since March 24 to contain the spread of novel coronavirus. The Home Ministry order comes on the eve of Muslim holy month Ramzan.The ministry also said shops located in registered markets located outside the municipal corporations and municipalities can open after following the drill of social distancing and wearing of masks but with 50 per cent of strength. However, single and muti-brands shall continue to remain closed in these areas also. "All shops registered under the the Shops and Establishment Act of the respective State/UT, including shops in residential complexes and market complexes, except shops in multi-brand and single brand malls, outside the limits of municipal corporations and municipalities, with 50 per cent strength of workers with wearing of masks and social distancing being mandatory" will be allowed to function. However, the exemptions will not be given in hotspots and containment areas. |
| Why Franklin fiasco must set off alarm bells Posted: Franklin Templeton India's move to freeze nearly Rs 31,000 crore worth of assets amid "significant reduction in liquidity and higher redemptions" has laid bare the problems with Indian debt papers, especially sectors to which the fund house has huge exposure.The six funds, which were closed down by the Indian arm of one of the world's biggest fund houses, are neck deep in sectors that have been in the news in recent times due to negative reasons.These funds have a huge exposure of Rs 14,564 cr to non-banking finance companies (NBFCs), Rs 5,532 crore to the power sector and Rs 3,480 crore to infrastructure and realty -- a combined Rs 23,567 crore ($3.07 billion) or 76.41 per cent of the total wealth under freeze, as per data available with Accord Fintech, a financial database manager.Analysts said the health of the debt papers of many of the companies in these sectors are likely to deteriorate even though the companies have taken steps to dodge lockdown blows. They were already dealing with a liquidity crunch even before the lockdown started."NBFCs are lenders to the high risk space of residential developers, whom banks are not very keen on lending. They will find an added level of difficulty in getting collection from residential developers," said Sachin Gupta, Senior Director, Crisil Ratings.RBI on Thursday tried to open a new line of credit to banks to facilitate targeting lending to NBFCs, but there were fewer takers for the arrangement, as banks are hesitant to increase exposure to NBFCs.This has aggravated the funding gap for NBFCs to Rs 50,000-60,000 crore, said Acuite Ratings. If this gap is not filled, it could be difficult for NBFCs and microfinance institutions to pay back their lenders, which includes Franklin. The fund house, while winding up the funds, said it would pay investors as and when these papers mature and the fund house manages to recover the amount.Franklin's total exposure (including the six shuttered funds) to NBFCs stood at Rs 18,000 crore, to power at Rs 5,778 crore and to realty and infrastructure at Rs 4,132 crore. And most of the asset manager's exposure to these three sectors was concentrated in these six funds.Gupta said among the builders, commercial developers are relatively better placed as their tenants are mostly large IT and BFSI companies. "But if the current situation prolongs, say for 3-6 months, even the commercial developers may feel some heat," he warned.With the lockdown, demand for power has dropped sharply as commercial establishments are shut. This will impact the revenue stream of distribution companies (discoms), say analysts."At this stage, the liquidity pressure has certainly tightened for discoms. They are the main counter-party for the power generation companies, and this is likely to translate into a liquidity crunch for some of the generators," said Manish Gupta, Senior Director, Crisil Ratings.He said discoms anyways stand on a weaker footing, so most of them will have below investment grade rating. "On the power generation side, private companies that do not have adequate liquidity buffers may face stress in the near term," he said.Among private power sector companies, Franklin has exposure to Renew Power Ventures, Tata-owned Coastal Gujarat Power, Narmada Wind Energy, Hero Future Energies, Vedanta's Talwandi Sabo Power and Jindal Power, among others.Similarly, among NBFCs, it has some of the largest exposure to papers of Shriram Transport, JM Financials, Indostar Capital, Edelweiss, Piramal Capital, Birla Group Holdings, Ess Kay Fincorp and Hero Fincorp, among others.Investors are now in a limbo and are keenly watching the health of these papers. Panicked, they have started withdrawing money from debt schemes of other fund houses."Investors feel mis-sold by the fund houses. They were told these schemes were as safe as bank fixed deposits. Even liquid funds, where people park their emergency funds, are going into losses. In my knowledge, even professional investors are now selling first and clarifying with the AMCs later. They are moving to bank FDs," said Ghanisht Nagpal, Convener of Delhi Investors Association.Equity investors, anticipating mass redemption from other fund houses, have dumped stocks of asset managers. Nippon India was one of the biggest losers on BSE on Friday, down 17.82 per cent, while HDFC AMC fell 6.38 per cent.Deepak Jasani, Head Of Research, HDFC Securities, said Franklin Templeton's decision shook up mutual fund industry."Coming after a series of NAV writedowns, this will not do any good for the risk-on sentiments of retail and HNI investors. This episode once again highlights the weakness in the secondary debt market in India, as these papers tend to get illiquid even on a small bout of negative micro and macro news," he said. |
| 'Developing economies could see sharper recession' Posted: WASHINGTON: Senior World Bank officials on Friday warned that developing economies could see a deeper recession than currently expected if consumption and investment do not rebound quickly in the wake of the coronavirus pandemic.In a blog posting on the Bank's website, the officials said the preliminary baseline scenario forecast a "grim" 2% drop in economic output in developing countries - the first contraction in these economics since 1960.But it said growth outcomes could be 'considerably worse' and output in those economies could drop by nearly 3% if just one of the Bank's assumptions failed to materialize, and investment and consumption did not rebound. |
| No more extentions for Infratel-Indus deal deadline beyond June 24: Akhil Gupta Posted: NEW DELHI: Bharti Infratel Chairman Akhil Gupta said that the merger with Indus Towers has been an "overhang" on the tower company, but he expects a final decision on whether to conclude the deal or not by June 24.Speaking to analysts a day after the company extended the long-stop date for closure of its merger deal for the fourth time, to June 24, Gupta said he was hopeful of completing the merger by the deadline. The fourth extension raised further concerns around the deal being closed, dragging the shares of India's only listed tower company 10% intraday day, before closing down 8.5% at Rs152.10 on the BSE."The merger deal has been an overhang on the company, but, the circumstances have been such that the uncertainty created has forced us to defer it and carry forward the long-stop date," Gupta said."I think with a fair degree of confidence I can say that this would be the last extension and within these two months the outcome will be decided one way or the other. Hopefully we should be able to complete the merger," he added. The companies had previously said that the deal depended on the resolution of the adjusted gross revenue (AGR) crisis, which has raised survival concerns around cash strapped Vodafone Idea.Thursday, Infratel posted a quarterly profit of Rs 650 crore, up 7% on-year boosted by lower tax and rise in gross and net tenancy additions. But net profit fell 18% on quarter.Analysts said the performance of India's only listed tower company was mainly dragged by provisioning for bad debt arising due to likely delay in payments from Vodafone Idea."Other expense increase in Indus is largely on account of provisions of Rs 193 crore for doubtful debt. If we combine other financial assets and total receivables, there has been an increase of Rs 73 crore on a combined basis (in overall receivables)," Gupta said.IIFL Securities believes the adjustment in the company's earnings pertains to estimated Rs 200 crore bad debt provision, pertaining to Vodafone Idea largely."BHIN has seen rise in receivable days in past 12 months and has now made provision for bad debt, which does not provide much comfort," another report by brokerage ICICI Securities said.Bharti Infratel's net tenancy base rose by 431, gross tenancy addition improved to 2,498, but rise in tenancy exits - 2,067 - is "disappointing. We see risk from higher than expected tenancy exits by VIL, and wait for update," the brokerage added.The company's fiscal fourth quarter costs increased 8% on year despite a 3% drop in power and fuel costs. With higher costs, its core earnings before interest, tax, depreciation and amortization (Ebitda) margin fell a sharp eight percentage point on year to 55%, CLSA added.While rent and employee costs increased 4%-6% on year, other costs for Infratel jumped 59% on year and 63% sequentially.CLSA though believes with the changing industry landscape amid tariff hikes, Vodafone Idea's insolvency risk is lower and a review of Infratel's merger terms with Indus would also be a positive. |
| Tata Trusts commences pan India campaign to prevent spread of COVID-19 Posted: New Delhi: Tata Trusts on Friday said it has started a nationwide community outreach campaign to induce adoption of health practices, as promoted by the government, in rural areas to prevent the spread of COVID-19. Beginning March 31, the exercise is expected to have already reached about 1.2 crore people across 21 states, Tata Trusts said in a statement. The campaign '5 Kadam, Corona Mukt Jeevan', ranges from video messages in various local languages, even dialects, short animation videos and infographics to audio messages, and SMS-based messaging, it added. Tata Trusts said it has made publicly available through social media about 300 such videos and audio messages, in different languages, and dialects like Dongri, Kumaoni, Ladakhi, Garhwali, Santhali, Mundari, Kutchi (Gujarat) and Koborok (Tripura). Over 70 celebrities, including Nana Patekar, Harbhajan Singh, Atul Kulkarni and Sonali Kulkarni , have lent their support with video and audio messages, it added. Further, the Trusts have deployed more than 430 master trainers in these 21 states who in turn have trained a pool of over 8,700 community resource persons (village volunteers) to deliver the message, it said. "Through existing programmes, volunteers, associate organisations, community radios, village-based public address systems, and use of various internet and communication technologies, the programme is expected to have reached out to about 1.2 crore people till date," Tata Trusts said. MSS RUJ RUJ |
| ICICI Prudential Life Q4 preview: Lackluster earnings likely Posted: Mumbai: Life insurer ICICI Prudential Life Insurance will see muted fourth quarter earnings impacted by decline in insurance premium in light of the lockdown due to coronavirus pandemic.The private life insurers reported an aggregated 34.22 per cent decline in premiums in March from a year before. In total, their new premiums rose 11.64 per cent year-on-year (YoY) to Rs 80,919.40 crore for the year ended 31 March.In a note on April 11, HDFC Securities said it expects ICICI Prudential to report a total annualised premium equivalent (APE) decline of 14.3 per cent YoY in the fourth quarter as the company reported a 9.9 per cent decline in January-February sales.After these estimates were published, ICICI Prudential Life reported 32.26 per cent decline in first year premiums in March 2020 over March 2019, data on April 24 showed."We expect value of new business (VNB) margins to moderate to 20.6 per cent largely due to lower than expected scale," HDFC Securities said in the note.The key monitorables at the earnings announcement would be lockdown performance and FY21E sales guidance, protection share and persistency trend, margin levers and guidance, the brokerage said.In a note on April 24, Kotak Insitutional Equities pointed that weakness in capital markets and lower high ticket ULIPs have led to a sharp decline in APE (on a low base).Overall APE declined 47 per cent YoY in March 2020 translating to 19.5 per cent YoY decline in overall APE in 4QFY20 and 3 per cent decline for the year, the brokerage said. The share of ULIPs had dropped to less than 70 per cent in 9MFY20 from more than 80 per cent in 9MFY19 and will likely decline further, the brokerage warned."The share of annuity and protection mix in overall APE will increase and aid VNB. In our view, higher tax rate post removal of DDT will also impact EV and VNB in FY2021E, in a significant manner," Kotak analysts said in the note.Kotak expects 270 basis points quarter-on-quarter (QoQ) decline in VNB margins to 18.3 per cent in the March quarter. |
| View: Why you are not one of the world’s greatest investors Posted: By Barry RitholtzHow would you like to generate 40 per cent annual returns for three decades? Build a firm with billions of dollars under management that's the envy of the industry? Become so influential that your peers -- assuming you have any -- are so in awe of you they are afraid to discuss you with the media?Sounds great, right? Well, forget about it. Jim Simons, the quant whiz who built teams of computer science wizards and math geniuses into Renaissance Technologies, is a once-in-a-lifetime talent. We learned from journalist Gregory Zuckerman that Simons's fund returned an insane 40 per cent annually. This year, according to Zuckerman, the firm's flagship Medallion fund is up 24 per cent after costs. Before fees, in the midst of the conoravirus crisis, the fund gained 39 per cent.But here's the thing: You are not Jim SimonsWhat about Pershing Square Capital Management LP, run by Bill Ackman? Concerned about the impact of the coronavirus, Ackman hedged the fund's equity positions by buying credit default swaps on various investment-grade and high-yield indexes. As the markets tumbled 35 per cent, the trade netted the fund more than $2 billion. Nope, you are not Bill Ackman either. Neither am I.Oaktree Capital's Howard Marks was thinking past the housing crisis in 2006-07 when he decided to raise a $3 billion distressed-debt fund. It became so oversubscribed he had to set up a second fund. Oaktree ended up raising $11 billion to buy distressed assets when everyone else was panic selling. The returns were spectacular.And sorry, but we are not Howard Marks, either.There are two critical aspects to these examples: First, they reflect what rare outliers these traders are. This has nothing to do with historical equity returns of 8 per cent to 10 per cent. What makes these returns so astonishing is that they are so far outside the usual distribution curve.Second, these are all stark examples of survivorship bias. We read much less about the funds that made black-swan bets and proceeded to go south. Remember those who were counting on hyperinflation in the 2010s? Bitcoin since 2017? Short the VIX, or long oil this year? Short U.S. Treasuries for, I don't know, forever? Anyone who was on the wrong side of those trades -- and there were legions of money managers who were -- do not send out press releases touting their results; instead, they lay off staff, return what little capital is left to their investors and quietly wind down.There is an unhealthy tendency among us to look at the most successful traders and investors with envy. The desire to imitate those accomplishments is powerful, compelling – not to mention dangerous. Yet these are one-of-a-kind experts with unique skill sets, deep insights and decades of experience that make them inimitable.The same thing can happen when we watch amazing athletes such as Roger Federer or Tiger Woods and think to ourselves, "I could do that." Their talent makes it look easy. Except it's not and we can't. The genius of the 1992 "Be Like Mike" Gatorade commercial speaks directly to that naive belief. You and I are about as likely to achieve 40 per cent annual market returns as we are to win six National Basketball Association championships.But remember, perhaps basketball's greatest outside shooter, Stephen Curry, did not try to "Be like Mike." Instead, he honed his skills and blazed his own, different trail. Today, kids want to be like Steph. The aspiration is fine, but someday maybe they will realize the odds are better at succeeding on their own terms. Just out of curiosity, I entered the phrase "invest like Warren Buffett" in a Google search. It yielded 78,600 hits. But Buffett has spent 60 years studying what makes for a great undervalued investment. He had patient investors who gave him space to prove himself. In Charlie Munger, he found a partner who complemented his decision-making process.And no, you are not Warren Buffett.But here is the thing: You don't need to be. At least, you don't need to be any of these people in order to achieve the investment returns that will ensure a comfortable retirement. Your temperament is different from that of Munger or Simons or Buffett or Marks or whomever. We look at these fantastic wealth-creating trades and waste our time wondering, Why not me? Instead, find an investment style that suits your personality, available time and interests as opposed to trying to match those with whom you have nothing in common.All of these Hall of Fame investors are accessible via podcasts or YouTube. You can spend countless hours listening to the likes of Ray Dalio, Felix Zulauf, Bill Miller, Jeremy Grantham, Jeff Gundlach, Bill Gross — just about anyone you care to learn from. For the curious investor, you can hear how they found a process that suited them, their skills and their own unique capabilities.In the "The Money Game," Adam Smith wrote "If you don't know who you are, the market is an expensive place to find out." Instead of trying to imitate the greats, understand your own personality: Find a style that emphasizes your strengths while working to address your weaknesses.Be like you.(This column does not necessarily reflect the opinion of economictimes.com, Bloomberg LP and its owners) |
| HCL Tech lends tech to help TN govt fight Covid 19 Posted: New Delhi: The country's third largest software services firm HCL Technologies has been roped in by the government of Tamil Nadu to set up a Disaster Management - Data Analytics Center to fight off the COVID 19 pandemic.HCL is also helping to expand the state's disaster management helpline (1070) through technological upgradation, manpower assistance and effective reporting mechanisms, it said in a statement.The center which will be housed in Chennai and supported by HCL will help capture data trends from across all districts of Tamil Nadu in real time and display them live to inform the Government's future decisions on degree of response needed for each district and also for graded relaxation of the current lockdown to resume economic activities.J. Radhakrishnan, Principal Secretary/Commissioner of Revenue Administration and State Relief Commissioner said, "Our improved disaster management helpline will enable us to respond to citizens' queries in a timely and effective manner and also capture insights from the same to define future course of action." |
| Pressure mounts on BS Yediyurappa to rework govt staff pay Posted: Bengaluru: The Union Cabinet's decision to freeze the DA of its employees till July 2021 and Kerala's decision to absorb a month's salary of its employees to the CM's relief fund to fight Covid-19 has put pressure on chief minister BS Yediyurappa to bite the bullet.The chief minister or the Karnataka Cabinet is yet to take a call on reworking pay and compensation package of its employees in the face of a sharp drop in revenues, and enormous pressure on the finance department to meet the rising demand for funds for Covid-19-related activities and the farm sector.The chief minister had told ET last week that he will take a decision in two weeks after assessing the situation.Karnataka's salary and pension bill per month comes to about Rs 5,500 crore, and the state has been able to hold on because of the impressive GST collections last month on account of good business climate in February. The commercial tax department does not have any hopes of decent collections over the next two months because of the host of relief announced by the ministry of finance to dealers on GST remittances. The department can hope to have considerable collections only in June. All other major revenue sources for the Karnataka government such as liquor sales, property and vehicles registration are nearly dry.Several IT companies such as TCS, Infosys and Wipro have deferred annual increments. |
| View: Millennials face second age of underemployment Posted: By Rachel RosenthalIn a matter of weeks, the economic hit from the coronavirus has wiped out a decade's worth of employment gains. On Thursday, a report showed US jobless claims rose by another 4.4 million, bringing the five-week total to more than 26 million. That's the steepest downturn for the American labor market since the Great Depression. More troubling for any long-term recovery, however, may be those who keep their jobs but watch their careers stall. Here's where a lesson from 2008 might be useful.For many millennials, the Great Recession wasn't a crisis of unemployment so much as job stagnation and underemployment – putting in fewer hours than desired, or not tapping one's full range of skills and productivity. I lived my own version of this, having started my first real job a month after the collapse of Lehman Brothers Holdings Inc. Grateful simply to be employed, I looked past the unglamorous task of writing earnings headlines from press releases, which are now cranked out by algorithms. I was bringing in a mid-five-figure salary and felt like a millionaire.My gratitude slowly calcified into frustration as I found myself stuck at the same desk for four years. I wasn't alone. For every story like mine there was a sales representative too discouraged to apply for that regional-manager role, a part-time retail clerk who couldn't get a regular weekday shift, or even that sorry banking analyst who couldn't progress beyond plugging data into Excel. All this has a cost: While the US shed more than 30 million jobs and $10 trillion in household wealth during the financial crisis, the pile of earnings lost to underemployment reached $148 billion in the final three months of 2009, by some estimates.The impact from the coronavirus will be even worse. The International Labour Organization expects 195 million full-time job losses globally, and forecasts a "significant rise" in underemployment. As frustrating as it may be for white-collar professionals to get stuck, the hardest hit will include low-wage workers and the less-educated, who never really found their feet after 2008. That fractured bedrock means we're even more vulnerable going into the Covid-19 downturn than we were just over a decade ago.This might seem like a brisk turn of events. As recently as February, the U.S. recorded its lowest unemployment rate in half a century. Dig one level deeper, though, and you'll see why that 3.5% doesn't tell the full story. A more holistic gauge of labor-market health may be the so-called U-6 category, which includes those who aren't working but indicate that they want a job, as well as those who want full-time work but have to settle for fewer hours. Even in February, that figure was double the official level – at 7%.If there's one thing to watch, it's the gap between these two numbers, says Torsten Slok, chief economist at Deutsche Bank Securities. That could indicate the strength of any recovery. Keep in mind, though, even the U-6 category doesn't capture job stagnation among the fully employed.The idea that underemployment is underappreciated isn't new. In 2019, Dartmouth College professor David Blanchflower published the book, "Not Working: Where Have All the Good Jobs Gone?" He uses the U.S. and U.K. labor forces to illustrate the puzzle of minimal wage growth and record low unemployment. Economics 101 tells us it should be just the opposite — a tight job market should increase pay checks. The catch, he says, is underemployment.Consider Hank, the part-time worker who's too downbeat to apply to a full-time gig. He flicks on the news and sees encouraging headlines about the job market. Stirred to dust off his resume, he feels lucky to land an offer relatively quickly. But because he's been operating at half-speed for so long, Hank has very little bargaining power when it comes to salary negotiations. So while it's heartening that he's been added to the workforce, Hank's not contributing much to higher average wages.Other research shows just how pernicious working below potential can be. In 2014, Tim Slack of Louisiana State University and Leif Jensen of Pennsylvania State University pointed out that underemployment persisted long after the recovery from the global financial crisis: After averaging 15.5% from 2002 to 2008, the rate increased to an average of 22.4% from 2009 to 2012. It's entirely possible that we see a relatively quick rebound in unemployment once the coronavirus subsides: Deutsche Bank expects the figure to spike to 12% in the second quarter and roughly halve by the end of the year. Underemployment, however, could haunt the labor market for years to come.The knee-jerk policy response has been to ramp up unemployment benefits, adding $600 to the weekly amount given by states, at least temporarily. Similar measures have been effective in the past: Every dollar of spending on the extension of such aid produced $1.61 of economic activity in the first quarter of 2009, according to the Brookings Institution. One watershed component of the U.S.'s coronavirus relief bill was including coverage for part-time and gig-economy workers. The latter could equate to more than 25 million Americans, if not more.Yet unemployment offices around the country are so overwhelmed with requests – and beset by ancient technology – that there's little time, money or political will to devote resources toward opening up more opportunities for people who've already got jobs. Multiple states are quickly running out of funds. In Connecticut, the 40-year old computer system that processes unemployment benefits can't handle four-digit payments: Adding the supplemental $600 will push the highest eligible payout to $1,249, the Wall Street Journal noted.For the unemployed, the answer is bigger stimulus checks. The $1,200 handout many Americans will receive look generous at first; if you consider a median weekly wage of roughly $900, however, that outlay buys little more than a week or two for many households, Slok notes. For the underemployed, who have the benefit of time, a simple solution would be to make job-search expenses tax deductible again – a measure that expired with the passage of the Trump administration tax cuts in 2017.There are many eulogies floating around for millennials these days. Now sandwiched between two economic calamities, we've racked up a lot of debt, saved very little and flooded into informal jobs with few worker protections, such as paid sick leave and retirement benefits. The Atlantic is calling us the "lost generation," while the Journal has documented the effects of "recession depression."By accident of birth, I had access to an education that's opened doors — and I've certainly managed to find my way. But even with this golden passport, it took me several years and moving across continents to get where I wanted. Millions of other Americans aren't so lucky. |
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Posted: 24 Apr 2020 05:34 PM PDT
How to of the Day |
| How to Make a Homemade Weight Set Posted: 24 Apr 2020 05:00 PM PDT Weights for improving your strength and fitness can be made out of many common household items. Milk jugs, canned goods and assorted everyday objects can help you stay in shape. So save your money and keep fit all at once! [Edit]Steps[Edit]Making Lighter Homemade Weights
[Edit]Making Heavier Homemade Weights
[Edit]Making Homemade Kettlebells
[Edit]Homemade Weight Ideas[Edit]Warnings
[Edit]Related wikiHows
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| Posted: 24 Apr 2020 09:00 AM PDT Hooking a fish may seem like it's a no-brainer, but there's a right way to do it if you want to be successful. Choosing and using the right lure will help increase your chances of hooking a fish. Whenever a fish bites your lure, you need to set the hook quickly and properly so you can snag its lip, preventing it from getting away. It's also important that you reel a fish in correctly in order to keep it hooked so you can pull it out of the water. [Edit]Steps[Edit]Using the Right Lure
[Edit]Setting the Hook
[Edit]Reeling in a Hooked Fish
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| How to Minimize Sound in an Apartment Posted: 24 Apr 2020 01:00 AM PDT The downside of living in an apartment is noise. You try to stay quiet to avoid disturbing your neighbors, and you have to deal with the noise they make. While common tricks to reduce noise include adding more insulation to the walls or replacing the doors and windows, you probably can't do these things if you're renting an apartment. Fortunately, there are plenty of little tricks you can use to block your own sounds and prevent your neighbors' noise from disturbing you. [Edit]Steps[Edit]Muffling Your Noise
[Edit]Blocking Noise from Neighbors
[Edit]Warnings
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Positive patients sent homes in case of mistaken identity, probe ordered
Posted: 24 Apr 2020 05:32 PM PDT
111 new cases — 82 from 5 districts
Posted: 24 Apr 2020 05:32 PM PDT
Insensitive to suspend dearness allowance increment, says Congress
Posted: 24 Apr 2020 05:32 PM PDT
No coercive steps against Arnab for three weeks, says SC
Posted: 24 Apr 2020 05:32 PM PDT
As UP plans return of migrant workers,10 positive so far
Posted: 24 Apr 2020 05:32 PM PDT
Facing Centre heat, Bengal puts out audit: 57 deaths, 18 due to virus
Posted: 24 Apr 2020 05:32 PM PDT
PM repeats self-reliance message, now to villages: don’t look outside country
Posted: 24 Apr 2020 05:32 PM PDT
Coronavirus outbreak: Row erupts between TMC, Rlys as 9 RPF personnel test positive in West Bengal
Posted: 24 Apr 2020 05:32 PM PDT
UP, MP plan return of migrants stuck in other states: Will send buses, quarantine
Posted: 24 Apr 2020 05:32 PM PDT
Govt panel proposes delayed start to new college session, Sept instead of July
Posted: 24 Apr 2020 05:32 PM PDT
Telangana dist that set off Tablighi search ready for all-clear
Posted: 24 Apr 2020 05:32 PM PDT
BJP adapted its work culture to needs of lockdown: Baluni
Posted: 24 Apr 2020 05:32 PM PDT
Probe into Delhi riots: Student activists, PFI under police scrutiny
Posted: 24 Apr 2020 05:32 PM PDT
Centre issues advisory easing curbs on select shops, sending four teams to new hotspots
Posted: 24 Apr 2020 05:32 PM PDT
Posted: 24 Apr 2020 05:32 PM PDT
Don’t force industry to pay wages during COVID-19 lockdown
Posted: 24 Apr 2020 05:27 PM PDT
Fixed-term employment: House panel for defining job tenures, adding safeguards
Posted: 24 Apr 2020 05:27 PM PDT
FTE workers/employees are entitled for all the benefits (except retrenchment compensation as termination of service as a result of completion of the tenure of FTE would not be considered as retrenchment) which are available to permanent employees.
Source: TFE
Covid-19 pandemic: The trade cure for the global economy
Posted: 24 Apr 2020 05:27 PM PDT
Polio vaccine could beat Coronavirus: Dr Robert Gallo, HIV co-discoverer
Posted: 24 Apr 2020 05:27 PM PDT
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