Archives for posts with tag: economy

Now could be a good time to learn Chinese in preparation for the on-going shift of the world’s language.

Chinese flag, support for China, Chinese people protest, Chinese pride, people of China, red China, Chinese characters banner, red flag and four stars, most recognized flag in Asia and world

Photo from Philip Jägenstedt’s flickr

The ability to speak, read and understand English is vital to communicate to a diversified range of people. It is the language of the world’s scientific academe and political reference. It is even predicted during the 19th century that English will be the world’s language.

But English is declining. Chinese is rising. And the world’s tongue is adjusting.

Chinese is now the most widely spoken language in the world. This is mainly due to the multitude of Chinese population. In China alone, there are more than 1.3 billion Chinese and those who are scattered around the world speak their own language as well.

In the business world, Chinese is sitting comfortably along English as the most useful language. Transacting business matters using a common language is essential for rapport building but also for the “speed and effectiveness of your negotiations”, says Leigh Hafrey, a senior lecturer in communications and ethics at the Massachusetts Institute of Technology’s Sloan School of Management.

The Chinese people better use their voice because it takes years to fully master the language. Learners should find the best memorization technique that works since Zhongwen Da Cidian (Great Dictionary of the Chinese Language) lists 50,000 Chinese characters, whereas English only has 26 alphabets. Being a tonal language, different tones of the same word have different meanings. And there are variations in form of dialects – Mandarin, Cantonese, Wu, Min, and more.  Each has internal diversity.

Despite the barrier of difficulty, westerners demand to learn it. Michael Roemer, an attorney who lives in California, brought his family to live in China. His purpose was to teach his two children the Chinese language because according to his own words, “speaking Mandarin is important”.

While Europe and USA remain the key players in the world’s economy, they recognize the gaining power of Asia, especially of the Chinese economy. Companies worldwide manufacture in China. The Chinese people are the biggest consumers of goods. Learning the world’s newest language would maintain the west’s competitiveness.

Language is power. Those who don’t speak it will be secluded. But China seemed to pass on this opportunity. It showed no interest to influence the world to make their language native. China casted English classes throughout the colossal country so the population could speak English when they hosted the 2008 Olympics.

Even without the slightest of effort from China, Chinese is still emerging. Right now, 9% of the population spoke English at birth. By 2050, it’ll be down to 5%. This gives room of expansion for the next major language.

Are you ready to learn the Chinese language?

Sources:
English in Decline as a First Language, Study Says; National Geographic
Mandarin Chinese Most Useful Business Language After English; Bloomberg
Can Chinese Replace English as the Global Language?; Chilli breeze
Chinese learn English for Olympics; Chine Daily
Why Chinese Is So Damn Hard; pinyin.info

Can you picture Greece without ownership of the ancient Parthenon?

Selling the Parthenon and Acropolis of Greece, Athens, Historical sites vanishing, endangered parthenon and historical sites, Greeks, economy savior

Photo from stock.xchng

Greece sunk into debt in recent years. We hope to see a vicious Spartan fight against bankruptcy, but German politicians suggested a curt solution: sell the Parthenon, Acropolis and Aegean islands. Should the Greeks continue preserving the reminder of their history, or should they be smart to let go of the ancient sites for the sake of their economy?

Cling to the past or focus on the present? This is a countrywide scale of past-present dilemma.

Unstable economy is a peril to the historical sites of Greece. There are other factors that endanger historical sites.

In just one hour, Mali Islamists has destroyed three Mausolea in Timbuktu. All of it are U.N. World heritage sites and served as religious and historical landmarks. Rebellion seems to be a fast way to eradicate historic sites.

Visiting can harm too. Over a million tourists came to Machu Picchu in 2011. The ancient city that survives centuries of calamities and invasion is now an “endangered architectural site” (TravelVivi); the influx of tourists contributing to its springing demise.

But Ecuador is on track of people coming to Galapagos Island. They are limiting the number of visitors and the length of stays. Fuel consumption and pollution are also regulated to maintain the pristine of the island. Many countries may find it hard to follow Ecuador’s steps since tourism is an industry that feeds economy. Historical sites are competing against money.

Political decisions can also affect the duration of historical sites. U.S. cuts funding for UNESCO, an organization that protects world’s heritage sites.Without the priority, historical sites won’t be secured.

If they do vanish, how long will the memory remain?

Sources:
Mali Islamists destroy tombs in Timbuktu; CNN
Ecuador to limit number of visitors to Galapagos Islands; Travel Weekly
8 Places Almost Destroyed by Tourists; TravelVivi
 

To cross the upper class border, investments are the best strategy to engage.

Money growth investment, upper class, working and saving for investment, people, stocks, bonds, mutual fun, forex trading, business, companies, overflowing money, rich people, investment charts, stack and pile of coins, gold

Photo from photoXpress

Sure, you have a job that pays constant money; but it doesn’t take a mathematician to know that it’ll take a lifetime of savings until your steady paycheck can add up to a fortune.

Investments are smart. You don’t have to work so hard, eight hours a day to reach financial freedom. Money comes to you passively – you can swim with penguins while your investments add bucks to your account. Here are the investment kinds you may want to know:

Bonds. You lend your money to a company or government.
How does money grow? They pay you back with interests.

Stocks. When you invest on stocks, you buy a part of a business. This means you own a percentage of the business.
How does money grow? You are entitled to receive profit of the business proportional to the amount of stocks you own. However, the return and risk is high.

Mutual Funds. A professional manager invests your money in a collection of bonds and stocks.
How does money grow? Same as bonds and stocks. It is diversified and it doesn’t demand your time.

Real Estate. You buy a land property.
How does money grow? Since value of house and land is increasing over time, you can sell it high.

Certificates of Deposits. You deposit money to the bank within the time frame, while during the time you cannot spend that money.
How does money grow? You earn with interests.

Forex Trading. You buy or sell a foreign currency.
How does money grow? You can earn or lose money through the movement of exchange rates. For example, you exchange US dollar for UK Pound. If UK Pound increases in value, you earn. If it decreases, you lose some money.

Business. You fund a starting business or you found your own business.
How does money grow? You earn through profit of the business, or you can sell your business for up to millions. However, starting a business is demanding and it may take most of your  time. Make sure you systemize it so the business can operate it without you.

All of these investments are simplified. I encourage everybody to sign up for at least one, but be sure to study it well. “Big risks, big rewards” is a good statement, but I prefer “controlled risks, big rewards”.

What kind of investment are you interested in?

More Moments for you:
Changed College Education
Loath these Laws
Oddball Interview Questions & Answers

Source:
Different Types Of Investments; WXINVEST.com
 
%d bloggers like this: