How to pass this course?
Attend, Participate, Complete Assignments, Attain 3.0 minimum from the spoken and written examinations.
How to fail this course?
Skip every class exam then try and pass the exam
Economy phrases
wnioski:
somebody got all the benefits, then they cost all the costs, now they want somebody to pay for the costs while they keep all the benefits
systemic moral hazard
democracy is asset insurance for the rich - stop skimping on the payments
expressions
tax cuts - reduction in taxes. The immediate effects of a tax cut are a decrease in the real income of the government and an increase in the real income of those whose tax rate has been lowered.
tax revenue - tax based gov income
cought in a slump - in bessa
T-bills
A short-term debt obligation backed by the U.S. government with a maturity of less than one year. T-bills are sold in denominations of $1,000 up to a maximum purchase of $5 million and commonly have maturities of one month (four weeks), three months (13 weeks) or six months (26 weeks).
T-bills are issued through a competitive bidding process at a discount from par, which means that rather than paying fixed interest payments like conventional bonds, the appreciation of the bond provides the return to the holder.
http://www.investopedia.com/video/play/treasury-bill/
debt to gdt - debt to the Gross Domestic Product (a measure of economic power)
repo collateral market - repurchase (repo)
buying and shorting securities.
In the fixed income market, these transactions are accomplished with the use of the repo market.
A repurchase agreement, or repo, is a sale of securities for cash with a commitment to repurchase them at a specified price at a future date.
Practically, the repurchase agreement by itself is simply a collateralized loan.
AAA mortge - The highest possible rating assigned to the bonds of an issuer by credit rating agencies + A temporary, conditional pledge of property to a creditor as security
liquidity crunch -A time when cash resources are in short supply and demand is high. During a liquidity crunch, businesses and consumers are charged high interest rates on loans which are more difficult to obtain. Also known as liquidity crisis and credit crunch.
oecd countries - c. belonging to the Organisation for Economic Co-operation and Development
orgy of public spending - borrowing money. spending. No balance to the budget, No sacrifices. galactic scale.
politically unpalatable - not pleasant to taste politically
surplus - excess supply of a produc (nadwyżka)
lax public financing - not sufficiently strict, severe, or careful financing
variable inflation logical set of inflation assets
soverign - the quality of having independent authority (suwerenność)
lever up - podnosić się
volume/levverage - refers to debt or to the borrowing of funds to finance the purchase of a company's assets.
GDP equivalent - the market value (of all officially recognized final goods and services produced within a country in a given period of time) equal to smth
GNP - gross national product (GNP) which allocates production based on ownership.
LTROs - Long-term refinancing operations (LTROs); they involve the central bank lending money at a very low interest rate to euro zone banks, which has led to the term “free money.”
Vagabond
Liberalism Emetic Economics - u need the state, but u are afraid of it
Nullify - to deprive (something) of value
parsimony - extreme unwillingness to spend money or use resources.
myopic - short-sighted.
emetic responce - causing vomiting.
liquidity trap
curtail spending - reduce in extent spending
asset footprint
zero sum against itself - If I lose, you lose so for you to win, I must win but if I win you lose so you must lose.
Housing Crisis - plunging real estate market value of residential properties. Burst housing market bubble.
Federal debt. the amount of debt held by the United States government.
Doomsday device. a device designed to usher in armageddon, apocalypse, total destruction of the world.
What about in the context of the european union?
Fallacy of composition - what's good for any one agent is not good if every agent does it all at the same time.
:Homework for Monday, complete the exam questions with model answers. Add a tl;dr. The first one has been done for you.
Define the following terms as they are used by Psychologist Meg Ray
Extended adolescence
Adolescence is commonly understood as beginning at birth and ending with the end of puberty. Extended adolescence is the detrimental prolongation of adolescent behaviours beyond puberty and the deferment of adult roles and adult responsibility. Some consequences named in the video include not being able to have the career you want, not being able to marry the person you want, not being able to have the children you want.
tl;dr
Extended adolescence is a continuation of pubescent behaviour post-puberty. Biological adulthood without social or mental adulthood.
twixters and kidults
being intentional and mindful choices
infantilization
trivialized defining decade
benign neglect
blowing it
robbed of urgency and ambition
identity capital
Austerity: What is it?
Homework: Write down useful expressions and bring to class on Monday
The End of education
Schooling vs. Education
Trivial vs. Non-Trivial
http://www.psychforums.com/antisocial-personality/topic62959.html
Why you're not going to have a great career:
http://en.wikipedia.org/wiki/Polyphasic_sleep
http://b8a.blogspot.com/2014/03/headphones-phenomenolgy.html
leave a comment how you agree, disagree or with a question.
http://www.business.unr.edu/faculty/jstrauss/multitasking.htm
Why you can't be the multitool you imagine you are (but you're not)
http://www.theonion.com/articles/unambitious-loser-with-happy-fulfilling-life-still,33233/?ref=auto
This satire helped me claw back my time
http://factsanddetails.com/japan/cat24/sub156/item907.html
Links to vocabulary on contemporary social issues in Japan
http://en.wikipedia.org/wiki/Foxconn_suicides
the Foxconn suicides
http://www.ted.com/talks/barry_schwartz_on_the_paradox_of_choice
http://news.err.ee/v/politics/424322a0-c46b-4439-9736-742df3f1ac35
http://jeziorki.blogspot.com/
Comedians! Stand-Up! The hardest form of comedy!
http://guyism.com/humor/the-10-best-stand-up-comedians-of-all-time.html#6-6-steve-martin
Multi-tasking and headphones
http://www.brainpickings.org/index.php/2013/05/23/uncommon-genius-stephen-jay-gould-connections-creativity/
Why you have to fail to have a great career
Jon Ronson: Strange answers to the psychopath test
http://www.diffen.com/difference/Psychopath_vs_Sociopath
The Exam!
Exam! Know the vocabulary
This is an example of a psychopathic power-control rapist/sex offender from a video series entitled: Truth, Lies and Sex Offenders & Sadistic vs. non-Sadistic Sex Offenders, created by Dr. Anna Salter.
Why do we deceive ourselves?
Low-functioning psychopath
Exam!
Lessons from Death Row Inmates
Exam! Look at the blog
The dictionary definition will not help you
Every piece of writing has its own principles of composition
Funnel structure, Beginning with most important fact in general and proceeding paragraph by paragraph into greater detail. All journalistic articles start with a lead sentence. The lead sentence must convey in factual terms the most important information about the news item. Information = new+relevant otherwise it is just data.
Avoid modal verbs. Use direct and indirect principal verbs except when quoting. Always get a quote.
The Magician's Assistant
Don't "bury the lead"
Slightly Formal
Somewhat Informal
Most Formal
Somewhat Formal
Slightly Informal
Most Informal
http://www.forbes.com/sites/steveforbes/2013/09/17/polands-piggish-pols-theyre-not-alone/
Do not deviate from the subject, avoid any digressions.
Research and present your research, present your facts
Summary is insufficient, Analysis is required.
Make Claims based on Reasons because of Evidence.
Evidence is defined as fact, verifiable outcome of experiment, Commonly accepted scientific proof.
Reviews of art and culture and society, you may have a serious point to make but it begins with your opinion taking the place of a lead fact (journalistic article) or a claim based on reason because of evidence (academic essay).
Use modal verbs such as should, must, has to/have to when introducing your opinion.
Once you are certain of your subject, begin a list of ideas, facts and relevant examples. [Use Evernote!] You can assist yourself to think creatively by asking a series of questions: What? Who? Where? When? How? Why? By what means? Examples for and against. http://bit.ly/1gQIyb9
http://www.chathamhouse.org/sites/default/files/public/Meetings/Meeting%20Transcripts/030713Austerity.pdf
S.O.L.E.
Hole in the Wall project
Sugata Mitra
More from David R. Dow:
http://www.gq.com/entertainment/books/201001/david-r-dow-autobiography-of-an-execution-excerpt
Meg Ray homework for 11/10/2013
http://www.economist.com/news/leaders/21588069-scientific-research-has-changed-world-now-it-needs-change-itself-how-science-goes-wrong
*
http://snowdenandthefuture.info/
This fall Eben Moglen will be giving a series of public talks entitled "Snowden and the Future". These talks will address the following questions:
What has Edward Snowden done to change the course of human history? How does the evolution of surveillance since World War II threaten democracy? What does it mean that information can be both so powerful and so easily spread? In a network embracing all of humanity, how does democracy survive our desire for security?
Time and Date:
Part I - October 9
Part II - October 30
Part III - November 13
Part IV - December 4
All talks will take place at Columbia Law School in room 101 of Jerome Greene Hall. For more information, or to watch streaming video of the events as they take place, visit http://snowdenandthefuture.info.
For press or other inquiries, please write to sullivan@softwarefreedom.org
Level C1+
Water: The Great Mystery is pseudo-science
http://skepticdetective.wordpress.com/2008/10/08/more-water-woo/
http://skepticdetective.wordpress.com/2008/10/15/seven-suspicious-water-claims/
http://www.ted.com/talks/james_randi.html
Breaking Writing blocks.
1. Start in the middle. Write out the body of what you want to say and then deal with introductions to the topic later.
2. Sometimes when you're stuck on a subject you should take a break because you might be overthinking the subject. taking a break doesn't mean lying on the couch and watching tv. Take a walk, go to the store and buy some nuts. Protein is good for thinking.
3. Write fiction for contrast, it feels like a break. write by hand.
4. Start essays by hand, write essays by hand if you can.
5. Use the journalists method, draw a line down the center of your page, and add the following question words to the left hand side: who? what? where? when? how?: why? and then on the right hand side, add any answers you have at present.
6. Have you got a plan? An outline? Point-form will do. Some people outline often. They outline until their are certain of their course. We call these people architects. there are also gardeners. Gardeners write first and plan later, they edit, prune, cut, rework, the text after they have some material to work with.
7. Use control-f (search) to collect references to keywords when skimming an article.