The email address where your questions, doubts and hesitations about the course should be sent is:
thatsenglish3huelva @ gmail.com
The sessions for Intermediate Level with José Antonio will be held on Wednesday at 17:00 in room 3.10
Seven Billion Reasons to Worry: the Financial Impact of Living Longer
Posted on April 11, 2012 by iMFdirect
By S. Erik Oppers
Everyone wants at some point to stop working and enjoy retirement. In these uncertain economic times, most people worry about their pension. Now take your worries and multiply those several billion times. This is the scale of the pension problem. And the problem is likely bigger still: although living longer, healthier lives is a good thing, how do you afford retirement if you will live even longer than previously thought?
This so-called longevity risk, as discussed in the IMF’s Global Financial Stability Report has serious implications for global financial and fiscal stability, and needs to be addressed now.
Here’s the issue: governments have done their analysis of aging largely based on best guesses of population developments. These developments include further drops in fertility and some further increase in longevity. The trouble is that in the past, longevity has been consistently and substantially underestimated. We all live much longer now than had been expected 30, 20, and even just 10 years ago. So there is a good chance people will live longer than we expect now. We call this longevity risk—the risk we all live longer than anticipated.
Risky business
Why is that a risk, you may ask. We all like to live longer, healthy lives. Sure, but let’s now return to those pension worries. If you retire at 65 and plan your retirement finances expecting to live another 20 years (assuming you have enough savings for at least that period), you would face a serious personal financial crisis if you actually live to 95, or— well in your 100s.
Real English 73 Lonnie - Homeless in Florida
The current economic crisis is reflected in Lonnie's situation. He has a regional accent, from Georgia, USA. The interviewer tries to understand how he bacame homeless.
Poor Rich, Rich Poor
Another Day in Paradise by Phil Collins
Another Day in Paradise
She ______ ___ to the ______ __ the street
’sir, can you help me?
It’s cold and ____ nowhere to sleep,
Is there __________ you can tell me? ’
He ______ __, doesn’t look back
He _______ he can’t hear her
Starts to _________ as he crosses the street
Seems ___________ to be there.
Oh think _____, it’s another day for
You and me in paradise
Oh think _____, it’s just another day for you,
You and me in paradise
She ______ ___ to the ______ ___ the street
He can see she’s been crying.
She’s got ________ on the ________ of her feet
She can’t walk but she’s trying
Oh think twice...
Oh lord, is there nothing more anybody ___ do
Oh lord, there must be something you ___ say
You can tell from the _____ on her face
You can see that she’s been there
Probably been _____ __ from every place
’cos she didn’t ___ __ there
Oh think twice...
(For the complete lyrics CLICK HERE and you can even sing it along with this karaoke version)
