Tag: economy

Federal Trade Commission’s New Rules

B2 – Upper Intermediate

The US administration is cracking down on anticompetitive practices of big tech companies. President Biden has signed a new executive order calling the Federal Trade Commission to adopt new rules. This could give small businesses an edge.

Read about the details on how the executive order could affect small businesses.

https://www.inc.com/amrita-khalid/biden-executive-order-noncompete-hiring-competition.html

Discussion Questions:

  1. How may the order affect startups and small businesses?
  2. What are your thoughts on the new order restricting noncompete clauses?
  3. Do you think it is a good idea to remove some occupational licensing requirements? Why or why not?
  4. What do you think of big online retailers like Amazon not being able to use sales data on third-party-sellers’ goods to launch competing products anymore?
  5. How is the competition in procurement and spending decisions like for small businesses in your country?

Combat Staff Shortages by Relaxing Brexit Immigration Rules

B2 – Upper Intermediate

Some British companies are faced with the problem of shortage in workers. The Confederation of British Industry (CBI) is pushing for the government to relax post-Brexit immigration rules if the government wishes to prevent putting the UK’s economic recovery from the pandemic in jeopardy.

Read about how changes in the Brexit immigration rules can help combat staff shortages in the UK.

https://www.theguardian.com/business/2021/jun/28/combat-staff-shortages-by-relaxing-brexit-immigration-rules-says-cbi

Discussion Questions:

  1. What is your opinion on this solution to staff shortages in the UK? 
  2. Has your country struggled with the same problem especially because of the pandemic? What has the government done to address it?
  3. What are other ways to prevent a big problem with occupation shortages?
  4. What roles do you think belong to your country’s shortage occupation list?
  5. Would you consider working abroad after the pandemic? Why or why not?

EU Economy Forecast to Rebound Faster

B2 – Upper Intermediate

As the economy reopens and vaccine rollouts continues, Europe is now on its way back to its economic level before the pandemic happened. The EU economy is predicted to bounce back faster compared to previous economic downturns.

Read the article about forecasts on EU’s economic recovery.

https://www.theguardian.com/business/2021/may/12/eu-economy-forecast-rebound-faster-vaccine-covid-coronavirus-europe-economics

Discusion Questions:

  1. What are the driving forces to EU’s economic growth post-pandemic? Discuss each one.
  2. Do you think these forecasts are accurate? Support your point.
  3. How badly has your country’s economy suffered because of the pandemic?
  4. How is your country’s economic recovery going so far?
  5. What are some things that the government’s done to aid businesses from getting hit hard by the economic crisis?
  6. What has your company done to cope with the economic crisis brought about by the pandemic?

Building Blocks to a New Social Economy

B2 – Upper Intermediate

Perhaps the goal now is to create an economy that is not only sustainable and resilient but also human-centric. One that will enable us to achieve economic objectives of growth, inclusion, and equity. 

Is it possible for the industry to provide economic boom from only flourishing jobs and economic upturn while having the societal well-being as the one that will point to the information on producing goods and providing services?

Read the article about the building blocks of a new social economy.

https://ssir.org/articles/entry/social_tech_entrepreneurs_building_blocks_of_a_new_social_economy

Discussion Questions:

  1. How is technology pivotal in supporting a new purpose-driven economy?
  2. What do you know about social entrepreneurship?
  3. What are other ways to create integrated and inclusive social and industrial policies?

Coronavirus: Dealing with Mass Unemployment

B2 – Upper Intermediate

A lot of people have been stressing about being permanently or temporarily laid off from their jobs because of the coronavirus pandemic. It has caused financial problems to a lot of people. Some started finding jobs that are not in their fields of expertise and some have been trying to survive by the money that the government has given them. They say that we are not yet in a place where we can talk about recovery and the ripple effect will come in the future.

Let’s listen to the audio below to learn more.

https://www.bbc.co.uk/learningenglish/english/features/6-minute-english/ep-200924

Discussion Questions:

  1. Has the pandemic caused mass unemployment in your country?
  2. What would be the ripple effect of mass unemployment?
  3. Would upskilling or reskilling be the answer to our problem?
  4. What are your thoughts about not having a job for life?
  5. What do you think are other ways to deal with mass unemployment?

EU Forecasts Recession of Historic Proportions

B2 – Upper Intermediate

The European Union’s economy chief Paolo Gentiloni said that Europe is going through a sharp economic downward spiral; something the continent has not experienced since the Great Depression.

As the Coronavirus pandemic continues to affect member countries, the EU gears up for a recession of epic proportions.

Read more about this news on this imminent economic recession from the link below:

https://www.euronews.com/2020/05/06/eu-forecasts-recession-of-historic-proportions-this-year

Discussion Questions:

  1. What conditions and consequences might this deep recession have in different member states?
  2. What economic damages has the spread of Coronavirus done on the economy of your country?
  3. How is your government preparing for this deep recession?
  4. Talk about other times your country was in recession. How did it affect your country and you or your family directly?
  5. Explain your understanding of the V-shape and Nike swoosh recovery.

Spain to Get EU Coronavirus Recovery Fund

B2 – Upper Intermediate

The European Union has reached a historic deal to provide Coronavirus recovery fund to its member countries. Spain is one of the countries to receive the biggest grants.

Read more about this news on the historic EU Coronavirus Recovery Fund.

https://english.elpais.com/politics/2020-07-21/spain-to-get-140-billion-from-historic-eu-coronavirus-recovery-fund.html

Discussion Questions:

  1. Why is this deal historic? How do you feel about it?
  2. What are your thoughts on Spain getting the lion’s share of the money?
  3. What do you think are some of the conditions that might come with the release of funds?
  4. How should the Spanish government allocate the said funds?
  5. How do you think are you going to be affected economically by the pandemic?

Air Bridges Allows More People to Travel

B1 – Intermediate

With the pandemic greatly affecting most countries’ economy, governments are finding ways to restart the economic activities again. 

One way is by having air bridges. Another word for it is “travel bubble”. Find out more about air bridges or travel bubbles by reading the article below.

https://breakingnewsenglish.com/2006/200624-air-bridges-1.html

Discussion Questions:

  1. According to this article, what is an air bridge? What is the old meaning of it?
  2. What is your opinion about air bridges?
  3. What are the advantages and disadvantages of having travel bubbles?
  4. Do you agree that opening the economy to people from other countries will be advantageous?
  5. How has the pandemic affect the economy of your country? How is your country recovering from the crisis?

Population Slowdown and Spain’s Economy

B2 – Upper Intermediate

A great number of Spanish leaving Spain, not a very vigorous growth in the number of immigrants and the imbalance between births and deaths in the country are some of the issues Spain is confronted with.

Read the article to find out more about this issue and how it can potentially be resolved.

https://elpais.com/elpais/2019/12/23/inenglish/1577115169_134179.html

Discussion Questions:

  1. Talk about the population slowdown in Spain and how it affects the economy.
  2. Explain how the population helps the economy.
  3. What are the solutions to this problem?

Japan’s Micro Apartment Boom

B2 – Upper Intermediate

Japan is famous for its minimalist and downsized architecture even though the country has not always been so densely populated. With not enough space in the cities and low budgets for renting or owning a house, many Japanese have chosen to live in these tiny and cramped apartments. Even so, Japanese have created some clever design elements that allow the micro apartment to be a very functional and cozy home.

Watch the video and see what is so special about these micro apartments in Japan:

Discussion Questions:

  1. What brought about the rise in tiny living spaces?
  2. What do you think about micro apartments?
  3. How would you feel living in this tiny apartment?
  4. What do you think are the good things about micro apartments? What are the disadvantages of living in these small apartments?
  5. What are apartments like in your country?