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Joe's Cafe, 24/7 pit stop for ESL learners and teachers | October 2008
Egg's off, bacon's off, bread's off, tea's off. English is on though.
Business Vocab 101Throw away your business vocabulary books! No need to take those MBA’s! To understand all the meltdown-willful panic-Armageddon-tailspin stuff that’s going on around the world’s financial centres look no further than this email received from a friend today:
That seems to sum it all up very nicely, without any need for that troublesome business vocabulary stuff. Joe | Tuesday, October 14th, 2008 | Filed under Rants
47 Responses to “Business Vocab 101”Leave a Comment |  Personal blog of Josef Essberger, English Club founder
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14th October 2008 at 8:42 pm
Bankers are the legally authorized usurers that invent new strategies to become wealthier, stepping on the ordinary people.
15th October 2008 at 1:18 am
The time warp in which all banks (irrespective of their baptised names) operate is responsible for their mania for money refills from time to time.You see, unlike NBFCs,banks face huge establishment expenses(salary,perquisites,equipment etc) which they never renounce or curtail.So with many home loan defaulters having gone into hiding, they feel the pinch/crunch to refill/replenish their coffers with the taxpayer’s money!!!.
Elementary as Holmes might have put it! Ha ha!!
15th October 2008 at 3:50 am
I think in the economies are cycles and so it seems this is one hot point of one of those. Apparently, if the governments don’t slide their hands in their treasuries to bail out banks and another failed financial companies, the results would be far desastrous.
Hopefully this is not going to be another trick to stick the aftermath from private institutions to taxpayers, although these last are going to back up the failed banks for a time.
Let’s see what is going to happen.
15th October 2008 at 5:14 am
my openion is that it will decrease the problem of liqudity ,customer will able to get loan to come out from the crisis
15th October 2008 at 6:26 am
In my opinion the current financal crisis is a result of averice, not only by the bank managers but also by you and me.
So if there is one lesson that should be taken, don’t buy what you don’t understand!
A cobbler should stick to his last .
15th October 2008 at 6:57 am
thank.
15th October 2008 at 7:25 am
As the stock price soaring these days in Europe, we can see clearly that their measure to rescue their economy works. It seems that they have carried out the right plan to make things alright! But, would this measure be a long-term effective one, or not, is still undecideable. Because we still have a long way to go to heal the world’s economy.
15th October 2008 at 7:34 am
The current crisis is the ultimate desaster brought by the capitalist economy system where you use to squeeze out the poorer & add to richers. The only solution can be the equality & equity in the economic system. I will say in short, “Mr. Willians comments is the right answer”.
15th October 2008 at 9:32 am
OK, we all were informed by the media about the troubles banks encountered. Question is why did this happen suddenly, almost simultaniously?
15th October 2008 at 10:20 am
It is good to have government involment. This will helps people to have more confident in banking. So surely market will boom up.
15th October 2008 at 12:49 pm
that is right
15th October 2008 at 12:50 pm
That is right, because sell more shares they become panic, willful panic?
15th October 2008 at 6:29 pm
How can I have a job?
15th October 2008 at 6:37 pm
i think owners of these banks need money. people will be the victom to owners bank.governments must change their policy for finincial situation
16th October 2008 at 3:41 am
I wonder why all these happened? Inflation or conflict between super country?
16th October 2008 at 10:03 am
hi,
It seems that slowly there was a degradation in banking sector , but the people were not aware of that, it is a very big shock to us, if the governemnt does not help what might be the situation, in india what will be situation can any one tell us, will the government takes any neccessary action.
17th October 2008 at 1:49 am
We are now facting to difficulties about finacial crisis, credit system, bankruptcy, stock market plunge….
As there are many troubles happening, spending excessive to Wall Street executives who raked in billions of dollars in bonoses by persuing risky investment strategies that have now pushed U.S economic market to brink is not equal with everybody.
The U.S government use all powers as well as all efforts to rescue financial market by bailout to banks. Therefore we should remain confident about our economy ’s long - terms to prospect
17th October 2008 at 2:31 am
hi,the all events which occured now adays sure it was seen coming because the courpted basics which the current banks founded according to it.
the benfit rate which is used widdly among yours banking system has been proof its great fall this system of trade and banking system our islam reliagn is prohabited it and say we are as moslime are ok to do all our trade away of the rate of benfit which banks dell with in all its busines .
17th October 2008 at 2:08 pm
I think that is the end of Capitalism,Experts must serch aboute new equity financial system to lead the world towarde the flourish with equality and equity
17th October 2008 at 9:27 pm
I Really don’t know.
18th October 2008 at 12:52 am
yes i think so
18th October 2008 at 9:35 am
According to the present world financial crisis banks did not invest their capitals probably, they gave people loans but the mortgages were not cover these loans.
18th October 2008 at 2:08 pm
i think this is the time that world will change, islamic banks are required now
18th October 2008 at 4:46 pm
all banks and bankers are big thieves and they explote us all and the worst is that we allow them to do it.
What will happen if we common workers refused to get paid through the bank and kept our savings (if any) at home?
19th October 2008 at 11:05 pm
Yo can read about islamic economy to see that the rules of islam at economy protect the society from all these riskes which lead the world into crisis
1- benfites of loan is forbiden(reba)
2- do not sell what you donot buy
20th October 2008 at 2:03 pm
i think it is the world recession time. people are already in fear of their savings in banks. at this time the w.bank should not do this b`coz people are already facing the cricis.
21st October 2008 at 10:31 am
I love this WEB. My english is very poor. I think I want some help to learn English.
22nd October 2008 at 7:00 am
The world’s biggest mistake which makes this crisis happen is that we rely on US economy too much. We all have involved, in a simplified term, legitimate world money game in the economy which formed economy bubbles, so that when the bubbles burst all of our achievement in the past hardwork had simply gone. We should apply a balancing system of economy worldwide in the future, and syariah economic system (a system in economy which refers to islamic rules) is worth considering as alternative and solution to world problem.
22nd October 2008 at 8:55 pm
HI,I THINK IT’S A NORMAL END FOR RETAIL (WHICH MEANING THAT EVERY THING BUY BY LOAN
‘ CASH ,CAR ,HOME ‘ YES ,WHEN THE BANK TAKE ALMOST HALF OF YOUR INCOME THATS MEANING YOU HAVE A BIG PROBLEM SPECIAL WHEN YOU HAVE INCREASE IN THE PRICE OF GOODS WHICH YOU NEED.
WE HOPE THAT GOD HELP US
26th October 2008 at 4:55 pm
Our financial system operates complicatedly, not only nationwide but also worldwide. So, no one is capable of controlling it. I think financiers and governments had anticipated the consequence, but they couldn’t manage exactly when and what would be happen so that they could take proper actions to prevent their economies from this terrible problem. Thereby, they had had to wait until it happened and gave solutions or amendments.
28th October 2008 at 11:07 am
Well, this is probably helping to the bank. its a good thing for everyone. let us accept it. Any comments?
12th November 2008 at 12:16 am
no,i do not think so.
13th November 2008 at 1:19 am
I think it’s quite unrealistic
24th November 2008 at 7:26 am
I think mismavagement of chief adminstrators of important banks in the US is the major cause of recent world economical crisis nd unfortunately can lead to unexpected changes in all socioeconomical and security fields,if no necessary routes are thought.
24th November 2008 at 7:35 am
Actually, i can’t understand all . There’re some new words! Oh my god! But everything is OK,i’ll try more
24th November 2008 at 7:59 am
We can do nothing about what has happened. I agree that the governments need do something to make sure that the countries and banks do not collapse. They need to do something within their power and to the fairness of the common man.
I want to know about the people who had benefited from this. What is being done about them? Why are they not put in some form of arrest. I feel that they should be treated as criminals who profited at the expense of the common man and still have a couldn’t care less attitide towards the whole episode.
24th November 2008 at 8:38 am
I don’t think so, in my opinion, the world’s banks don’t have time to strike.
24th November 2008 at 9:55 am
Hi,
in my opinion, from crisis we learn to solve problems.
Nowadays, human beings on the planet earth are many billions so great effort should be done. Of course for me the best economical system is the liberal one. Because it makes you feel free what ever your income is and keep your own characteristics as human beings. We need to live comfortably, to have a good health care, an efficient educational system and so on.
Can somebody tell me how can a democratic country do without tax pays, no bank ? Nobody has the ability to say what will be tomorrow like. Fortunately, around the the world we have many skilled economists who can predict tomorrow. But Error is Human.
24th November 2008 at 1:34 pm
Well,That is right,I don’t know why,but I think it is helpful,maybe.
24th November 2008 at 9:46 pm
I don`t have informations about economy.
but I know that in every chang in the world especially about economy, tax payers are damaged. these changes are temporarily.
26th November 2008 at 7:36 am
Dear sir,
As you know i am a new learner of Englishe just i can say that i have never seen such this excellent sit for learning. thanks so much for giving this chance to be a learner of English in this site.
26th November 2008 at 7:44 pm
hi my dear Teacher
I’m sorry I’m not an economist or a banker but I give my answer accepting that it may be wrong.
as i have heared there is no intention in this action of the banks.I think some people who want to go away from the pressure of heavy taxes make these rumors.maybe there would be good days for these banks in future that causes paying back of these aids by banks,but “what would be the question at that time???? ((thanks for your reading))
BEST REGARDS
27th November 2008 at 3:24 pm
Dear Sir/Madam,
Thank you for giving me an opportunity to learn english from club.
I think to avoid economic crisis break out again we must change life style of spending tomorrow.
Regards
28th November 2008 at 5:02 am
I believe that these action by the government and banks institution to gather such amount of fund from our taxes is appropriate and on time. It is their response to economic meltdown that we have, the fund will serve as support to those in need of it; like what they done on AIG.
28th November 2008 at 6:40 am
Regarding economy, I don’t have any suggestion, but about this site, I think it is very good website, it will be help me study new word.
4th December 2008 at 6:43 pm
I’d like to disagree with that policy but respectfully, of course. I’m not really sure it’s going to work out or not getting money from taxpayer to get rid of this crisis. As I look deeper I thought this would be an only way US goverment can think in covering this crisis. It’s really has big impact, especially in indonesia. Prise is getting higher as a result of rupiah value decreasing on dollars. Well I think that’s all….,,, Thank’s for the topic…,
3rd April 2009 at 6:02 am
The growth was strong enough.That economic on
world wide off the effect of a sudden tumble in most
stock market index down. Financial,Bank,and Business crisis .When bank failed people lost
everything fear of bank failures led people to
withdraw their money,leading to more failures.
Possibly the best measure of economic meltdown
is unemployed. You have to cut wasteful spending
the money.
Good Luck
Linda kosolsak (Hollywood)