Hi, and welcome to American English Conversation online courses. Here you can find free, quality English Lessons for all type of studets. Our English Lessons are comprehensive and great for individuals trying to enhance there English. English lessons are one on one and group lessons. American English converstion course is FREE for all that want free English lessons. English Lesson to help and instruct with English conversation. English lesson are concentrated around our student individual needs. English lesson will help you improve your spoken English. Our English Lessons can help you achieve a great knowledge of the English language. With our English lessons you will see your self improve greatly. English Lessons, English Lessons.An exciting learning environment, the courses are accuracy-based approach is also met through a systematic approach to learning English. At American English Conversation our individual courses have helped thousands of students from all around the world gain experience in English conversation and vocabulary skills
If you would like to brush-up your English conversation knowledge, review outside of class or increase your English skills this is the course for you. Subscribe to American English Conversation course for FREE.
American English Conversation Course
4 Free Videos
4 Free Worksheets
FREE 15 minute SKYPE lesson
Just a one time registration fee ONLY 9.95$
English Lessons
DIRECTIONS: Read the following and answer the questions?
http://www.americanenglishconversation.com
http://www.grammar-help.blogspot.com
Doubts about Europe's ability to manage its debt hammered global markets Monday, pushing the dollar up sharply and dragging down commodities and stocks.Following a three-notch cut of Greek debt by Fitch Ratings Friday, which pushed the country's rating deeper into junk status, rival Standard & Poor's revised its outlook for Italy to "negative" from "stable" on Saturday.
"Removing equity exposure amid sovereign debt concerns is highlighting a headline-driven morning," said Andre Bakhos, director of market analytics at Lek Securities in New York. "We are experiencing another cycle of concerns that is causing investors to question the risk-reward scenario in equities. Until there is better visibility, investors will play their cards close to the vest."
The dollar [EUR=X 1.4042 -0.0089 (-0.63%) ] hit a two-month high against the euro. The euro also hit a record bottom against the Swiss franc, as investors worried about the potential for the eurozone's main currency as the region's sovereign debt problems mounted.
Commodities often move in reverse to the dollar and correspondingly with the euro.Oil and copper fell 3 percent, extending the sharp swings seen through most of May. Grains markets also gave up early gains, pushing the 19-commodity Reuters-Jefferies CRB index down more than 1 percent.
Gold went in the opposite direction, however, climbing to its highest level in nearly two weeks.
"We remain negative towards most commodity markets," said Edward Meir, analyst for metals and energy markets at MF Global in New York. "Bulls have to contend with a backdrop of a stronger dollar, weakening macro readings from a number of countries, and interest rate increases that still loom on the horizon," Meir wrote in his daily commentary.
U.S. crude oil [CLCV1 97.24 -2.86 (-2.86%) ] shed more than $3.50 per barrel to touch as session low of just above $96.50.
Analysts said the market may be on track for further losses if negative developments out of the eurozone news kept pounding the euro.
"Crude oil has not been able to find any follow-through buying over the last 10 days and without new fundamental developments it is likely to be harder to find strong fresh buying into crude oil if the Euro weakens further," Olivier Jakob with Petromatrix said London's Brent crude futures [LCOCV1 109.99 -2.40 (-2.14%) ] fell more than $3.80 to an intraday low of $108.58 a barrel.
The Dow Jones industrial average [.DJIA 12364.95 -147.09 (-1.18%) ] dropped over one percent, while the the Standard & Poor's 500 Index [.SPX 1316.57 -16.70 (-1.25%) ] and Nasdaq Composite Index [NDX 2314.00 -37.43 (-1.59%) ] had similar declines.
In Europe, the ruling Spanish Socialists were hit by stinging losses in local elections and now face walking a tightrope between voter anger over sky-high unemployment and investor demands for strict austerity measures.
Investors are increasingly concerned that voter rebellions against austerity plans could cause bailouts and budgetary pact agreements to unravel, leaving large swathes of debt in jeopardy.
Did crude oil fall 3.50$ per barrel?
A. TRUE
B. FALSE
Did Doubts about Europe's ability to manage its debt hammered global markets Monday?
A. TRUE
B. FALSE
DIRECTIONS: Read the folowing and answer all the questions?
In 1995 often calle the " Olden Days " of the public internet the average computer connected online via a telephone line, reaching down load speeds of merely 56 Kbps. We would wait patiently often for several minutes while images loaded, pages displayed, and long paragraphs of text rendere font sizes and colors combinations to challenge our optical nerve endings. And we didnt have many choices. For many, the idea of having a Web based shopping cart to accept product orders from a web site was far into the future of possibilities as owning a flying car. Because of the manual effort and knowledge base required to create a web site back then, business owners with forward thinking minds but limited budgets would neotiate paying a few hundred dollars for a single basic web page or even a mini page just to have some type of presence om the web. Web sited with multiple pages were restriced to the technical companies who could employ programming staff and designers. In short, ahving a presence on the web of any kind was a luxry and more of a status symbol than anything.
In what year was often called the olden days?
A. 1995
B. 1999
C. 1993
How fast was the internet in 1995?
A. 56 Kbps
B. 66 Kbps
C. 86 Kbps
DIRECTIONS: Read the folowing and answer all the questions?
http://www.americanenglishconversation.com/
http://www.freeenglishconversation.blogspot.com/
http://www.grammar-help.blogspot.com/
WASHINGTON (AP) -- The government is selling off a chunk of its stake in American International Group Inc., narrowly squeezing out a profit as it moves to bring an end to its bailout of the insurance giant.
The New York company and the Treasury Department said they were selling 300 million shares of AIG at $29 each. The per-share price was the low end of the insurer's expected $29 to $30 dollar range but just above the $28.73 price per share that the government needs to recoup its investment in the company.
Treasury said in a statement late Tuesday that the government could get gross proceeds of $7.1 billion if the underwriters exercise their option to buy an additional 45 million shares owned by the government. The sale included 200 million shares sold by the government and 100 million shares held by the company.
The stock sale represents a crucial step in the government's effort to exit its ownership of AIG Inc., which received a bailout package of more than $182 billion during the financial crisis that hit with force in the fall of 2008.
When this week's sale closes, government's stake in AIG will drop from 92 percent to 77 percent.
"Today's announcement represents an important milestone as we continue to exit our stake in AIG and wind down TARP," Treasury Secretary Timothy Geithner said in a statement, referring to the government's Troubled Asset Relief Program.
The $700 billion TARP was authorized by Congress in October 2008 and it provided billions of dollars in support to banks, auto companies and AIG.
"The decision to provide this assistance was exceptionally difficult, but it's clear today that it was essential to stopping a financial panic, preventing a severe economic collapse and helping to save American jobs," Geithner said.
The global insurance company, based in New York, has seen its shares drop by about half since hitting a 52-week high of $52.67 on Jan. 7. AIG closed at $29.46 on Tuesday, a drop of 52 cents from Monday's closing price.
Tim Massad, Treasury's acting head of the TARP program, said that with the sale of the AIG shares on Tuesday and the payment by Chrysler of its government loans, Treasury has now recovered more than 75 percent of the money invested in the bailout effort.
Going forward the government will continue to reduce its stake in AIG in "an orderly manner," Massad said in a conference call with reporters. He said that the next sales of AIG stock will not occur for at least 120 days, a period during which the government agreed to refrain from further sales.
Massad refused to predict whether the government will eventually turn a profit on its AIG investment.
How many shares is the government selling?
A. 300 million shares
B. 500 million shares
C. 1200 million shares
If you would like to brush-up your English conversation knowledge, review outside of class or increase your English skills this is the course for you. Subscribe to American English Conversation course for FREE.
American English Conversation Course
4 Free Videos
4 Free Worksheets
FREE 15 minute SKYPE lesson
Just a one time registration fee ONLY 9.95$
English Lessons
DIRECTIONS: Read the following and answer the questions?
http://www.americanenglishconversation.com
http://www.grammar-help.blogspot.com
Doubts about Europe's ability to manage its debt hammered global markets Monday, pushing the dollar up sharply and dragging down commodities and stocks.Following a three-notch cut of Greek debt by Fitch Ratings Friday, which pushed the country's rating deeper into junk status, rival Standard & Poor's revised its outlook for Italy to "negative" from "stable" on Saturday.
"Removing equity exposure amid sovereign debt concerns is highlighting a headline-driven morning," said Andre Bakhos, director of market analytics at Lek Securities in New York. "We are experiencing another cycle of concerns that is causing investors to question the risk-reward scenario in equities. Until there is better visibility, investors will play their cards close to the vest."
The dollar [EUR=X 1.4042 -0.0089 (-0.63%) ] hit a two-month high against the euro. The euro also hit a record bottom against the Swiss franc, as investors worried about the potential for the eurozone's main currency as the region's sovereign debt problems mounted.
Commodities often move in reverse to the dollar and correspondingly with the euro.Oil and copper fell 3 percent, extending the sharp swings seen through most of May. Grains markets also gave up early gains, pushing the 19-commodity Reuters-Jefferies CRB index down more than 1 percent.
Gold went in the opposite direction, however, climbing to its highest level in nearly two weeks.
"We remain negative towards most commodity markets," said Edward Meir, analyst for metals and energy markets at MF Global in New York. "Bulls have to contend with a backdrop of a stronger dollar, weakening macro readings from a number of countries, and interest rate increases that still loom on the horizon," Meir wrote in his daily commentary.
U.S. crude oil [CLCV1 97.24 -2.86 (-2.86%) ] shed more than $3.50 per barrel to touch as session low of just above $96.50.
Analysts said the market may be on track for further losses if negative developments out of the eurozone news kept pounding the euro.
"Crude oil has not been able to find any follow-through buying over the last 10 days and without new fundamental developments it is likely to be harder to find strong fresh buying into crude oil if the Euro weakens further," Olivier Jakob with Petromatrix said London's Brent crude futures [LCOCV1 109.99 -2.40 (-2.14%) ] fell more than $3.80 to an intraday low of $108.58 a barrel.
The Dow Jones industrial average [.DJIA 12364.95 -147.09 (-1.18%) ] dropped over one percent, while the the Standard & Poor's 500 Index [.SPX 1316.57 -16.70 (-1.25%) ] and Nasdaq Composite Index [NDX 2314.00 -37.43 (-1.59%) ] had similar declines.
In Europe, the ruling Spanish Socialists were hit by stinging losses in local elections and now face walking a tightrope between voter anger over sky-high unemployment and investor demands for strict austerity measures.
Investors are increasingly concerned that voter rebellions against austerity plans could cause bailouts and budgetary pact agreements to unravel, leaving large swathes of debt in jeopardy.
Did crude oil fall 3.50$ per barrel?
A. TRUE
B. FALSE
Did Doubts about Europe's ability to manage its debt hammered global markets Monday?
A. TRUE
B. FALSE
DIRECTIONS: Read the folowing and answer all the questions?
In 1995 often calle the " Olden Days " of the public internet the average computer connected online via a telephone line, reaching down load speeds of merely 56 Kbps. We would wait patiently often for several minutes while images loaded, pages displayed, and long paragraphs of text rendere font sizes and colors combinations to challenge our optical nerve endings. And we didnt have many choices. For many, the idea of having a Web based shopping cart to accept product orders from a web site was far into the future of possibilities as owning a flying car. Because of the manual effort and knowledge base required to create a web site back then, business owners with forward thinking minds but limited budgets would neotiate paying a few hundred dollars for a single basic web page or even a mini page just to have some type of presence om the web. Web sited with multiple pages were restriced to the technical companies who could employ programming staff and designers. In short, ahving a presence on the web of any kind was a luxry and more of a status symbol than anything.
In what year was often called the olden days?
A. 1995
B. 1999
C. 1993
How fast was the internet in 1995?
A. 56 Kbps
B. 66 Kbps
C. 86 Kbps
DIRECTIONS: Read the folowing and answer all the questions?
http://www.americanenglishconversation.com/
http://www.freeenglishconversation.blogspot.com/
http://www.grammar-help.blogspot.com/
WASHINGTON (AP) -- The government is selling off a chunk of its stake in American International Group Inc., narrowly squeezing out a profit as it moves to bring an end to its bailout of the insurance giant.
The New York company and the Treasury Department said they were selling 300 million shares of AIG at $29 each. The per-share price was the low end of the insurer's expected $29 to $30 dollar range but just above the $28.73 price per share that the government needs to recoup its investment in the company.
Treasury said in a statement late Tuesday that the government could get gross proceeds of $7.1 billion if the underwriters exercise their option to buy an additional 45 million shares owned by the government. The sale included 200 million shares sold by the government and 100 million shares held by the company.
The stock sale represents a crucial step in the government's effort to exit its ownership of AIG Inc., which received a bailout package of more than $182 billion during the financial crisis that hit with force in the fall of 2008.
When this week's sale closes, government's stake in AIG will drop from 92 percent to 77 percent.
"Today's announcement represents an important milestone as we continue to exit our stake in AIG and wind down TARP," Treasury Secretary Timothy Geithner said in a statement, referring to the government's Troubled Asset Relief Program.
The $700 billion TARP was authorized by Congress in October 2008 and it provided billions of dollars in support to banks, auto companies and AIG.
"The decision to provide this assistance was exceptionally difficult, but it's clear today that it was essential to stopping a financial panic, preventing a severe economic collapse and helping to save American jobs," Geithner said.
The global insurance company, based in New York, has seen its shares drop by about half since hitting a 52-week high of $52.67 on Jan. 7. AIG closed at $29.46 on Tuesday, a drop of 52 cents from Monday's closing price.
Tim Massad, Treasury's acting head of the TARP program, said that with the sale of the AIG shares on Tuesday and the payment by Chrysler of its government loans, Treasury has now recovered more than 75 percent of the money invested in the bailout effort.
Going forward the government will continue to reduce its stake in AIG in "an orderly manner," Massad said in a conference call with reporters. He said that the next sales of AIG stock will not occur for at least 120 days, a period during which the government agreed to refrain from further sales.
Massad refused to predict whether the government will eventually turn a profit on its AIG investment.
How many shares is the government selling?
A. 300 million shares
B. 500 million shares
C. 1200 million shares
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