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Aliakbar Majidi's picture

Hello again, GV. Good to know all that information Your...

Tuesday, June 18, 2019 - 23:27
Aliakbar Majidi's picture

Good job Anna! It is a bit sad to hear that your salary...

Tuesday, June 18, 2019 - 20:58
Aliakbar Majidi's picture

Great effort, Morris! This is a wonderful and...

Tuesday, June 18, 2019 - 20:58
kjcoffin's picture

...

Tuesday, June 18, 2019 - 20:44
kjcoffin's picture
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Tuesday, June 18, 2019 - 20:40

Financial Crisis

In 2008 the world financial system came close to a complete meltdown. No one wants a repeat of that terrible crash, but how can a repeat be avoided? In the first instance we need to understand what brought us to the brink - what we were doing wrong during the good times that was unwittingly leading us to the cliff edge.

Just what led to the meltdown?

Certainly there wasn't a single factor that was to blame. From the mid 1990s financial institutions were putting more and more money into new kinds of very risky investments. Some of these investments – like credit default swaps – are very difficult to understand (the New York Times called them "arcane" in one article) but the particular investments are a less important factor than the technique called leverage that was (and is) used to make those investments. Arguably, understanding what leverage is, is the key to understanding the meltdown.

So what is leverage? In essence, it just refers to the practice of borrowing money to make an investment.

Undefined
Accent: 
3.5
Pronunciation: 
3.5
Intonation: 
3.5
Accuracy: 
4.5
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CategoryAdequate to goodGood to ExcellentNeeds work
Accent

The learner's ability to pronounce words shared by the people of a particular country or region of the language they are learning.

Good effort at accent. Quite close to that of a native speaker
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Excellent effort at accent. Extremely close to that of a native speaker.
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Limited effort at accent. Definitely a non-native speaker
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Fluency

The learner's ability to speak continuously by chunking and linking words together. For example, instead of saying very slowly, "I - am - poor. I - have - no - money" like a robot, a fluent speaker would say, "I'm poor because I don't have any money."

Speech is relatively smooth; some hesitation and unevenness caused by rephrasing and searching for words
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Smooth and fluid speech; few to no hesitations; no attempts to search for words; volume is excellent
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Speech is frequently hesitant with some sentences left uncompleted
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Intonation

The learner's ability to understand the relative emphasis that may be given to certain syllables in a word, or to certain words in a phrase or sentence

Able to identify and produce correct intonation, word stress and rhythm patterns with 50-90% accuracy.
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Able to identify and produce correct intonation, word stress and rhythm patterns with 90-100% accuracy.
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Able to identify and produce correct intonation, word stress and rhythm patterns with < 50% accuracy
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Pronunciation

The learners' ability to enunciate the various consonants, consonant blends, vowels, and vowel blends in words, words linked together, and words in sentences.

The pronunciation contained some individual word pronunciation errors. Around 3-4 errors
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The pronunciation is exceptional and mirrors a native speaker. Shows a clear understanding of word stress and intonation. Only 0-2 errors
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The pronunciation is inconsistent and made it difficult to understand. 5 or more errors
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edmundhutchings's picture
I learn : English (Beginner) French (Beginner) Portuguese (Beginner) Spanish (Beginner) German (Beginner)
788

Great job again GV. That was a difficult text to read out with plenty of complex terminology yet I found it easy to understand you. I really hope we will not have a repeat of the 2008 financial crisis, as it had such a devestating impact on the word :-(

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edmundhutchings's picture
I learn : English (Beginner) French (Beginner) Portuguese (Beginner) Spanish (Beginner) German (Beginner)
788

Just a very minor point but I feel that you pronunciation of words containing "r" (such as "brought" and "wrong" ")could be improved. In English, the "r" is pronounced differently. Listen to me and I am sure you will get what I mean

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edmundhutchings's picture
I learn : English (Beginner) French (Beginner) Portuguese (Beginner) Spanish (Beginner) German (Beginner)
788

"particular" [per-tik-yuh-ler] - again, a minor detail but I think you could improve your pronunciation of this word.

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Aliakbar Majidi's picture
I learn : French (Beginner) Persian (Expert) Spanish (Beginner)
4043

Good job GV! As Ed has mentioned, the text you have chosen is quite difficult, however, you have done pretty well. I also hope the 2008 financial crisis won’t happen again since it will affect everybody on the planet. Regarding your text, besides Ed’s points, here are some more things to keep in mind:

Meltdown -> /ˈmeltdaʊn/

https://www.ldoceonline.com/dictionary/meltdown

Leverage -> /ˈliːvərɪdʒ/

https://www.ldoceonline.com/dictionary/leverage

Also, you can watch the video at the following link to find out about the articulation of r in English:

https://www.youtube.com/watch?v=bYWlQur5g5s

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