Archive for the ‘11. Cash in hand’ Category

Money makes the world go round

May 15, 2010 8 comments

Nothing beats singing in times of  crisis!.. well…, maybe football. Find below a selection of some top money songs

1. Money, Money–Liza Minnelli, Cabaret (1968)

Liza Minnelli and Joel Gray perform this classic in the film Cabaret, based on the 1968 musical written by John Kander. Never has a cliche been so catchy.

Best lyrics:

Money makes the world go around
…the world go around
…the world go around.
Money makes the world go around

2. Can’t Buy Me Love –The Beatles, The Beatles 1 (1964)

The Beatles were right about this one. Just ask Sir Paul.

The group recorded this song while on tour. They were under pressure to create a follow-up hit after “I Want to Hold Your Hand” reached #1 in America. It worked: the single was a hit in both America and the UK, selling more than a million copies.

Best lyrics:

I’ll give you all I got to give if you say you love me too
I may not have a lot to give but what I got I’ll give to you
I don’t care too much for money, money can’t buy me love

3. Money, Money, Money—ABBA, Arrival (1976)

“Money, Money, Money” made the world, especially Australia and Europe, wild for ABBA. It remained at the top of Australia’s charts for six weeks, and made it to the Top 3 in at least 11 other countries.

To me this is one of Abba’s more cynical songs. It borders on depressing as it laments the plight of living outside the ‘rich man’s world’. Still, it bounces along.

Best lyrics:

I work all night, I work all day, to pay the bills I have to pay
Ain’t it sad
And still there never seems to be a single penny left for me
That’s too bad
In my dreams I have a plan
If I got me a wealthy man
I wouldn’t have to work at all, I’d fool around and have a ball

4. She Works Hard for the Money—Donna Summer, She Works Hard for the Money (1983)

Just try not to wiggle to this remix of Donna Summer’s huge hit. Work it girl! Funny, though – I never though this song was about waitresses and factory girls…

Best lyrics:

It’s a sacrifice working day to day
for little money just tips for pay
But it’s worth it all
just to hear them say that they care

She works hard for the money
so hard for it honey
she works hard for the money
so you better treat her right

Do you know other “money” songs worth mentioning?


Economic crisis glossary

May 15, 2010 1 comment

Now that it seems the economic crisis is definitely staying with us for a while it may be a good idea to find out what all those terms really mean. If you pick up any newspaper, magazine or any other media source you will need to go beyond our basic mortgage, credit card and loan vocabulary to some more sophisticated words you probably wish you had never heard such as hedge fund or junk bond.

Not all is negative, for it appears  that some countries are already showing signs of recovery. Guess which ones?

Before we embark of some new money vocabulary you may want to revise all the lingo you know by clicking here

Nevertheless so that we begin to understand what is going on, here is a guide to many of the business terms currently cropping up regularly, as well as some of the more exotic words coined to describe some of the social effects of the credit crunch

Basis point
Bear market
Bull market
Carry trade
Chapter 11
Collateralised debt obligation
Commercial paper
Credit crunch
Credit default swap
Currency peg
Dead cat bounce
Hedge fund
Impairment charge
Investment bank
Junk bond
Keynesian economics
Limited liability
Loans to deposit ratio
Money markets
Monoline insurance
Mortgage-backed securities
Naked short selling
Negative equity
Ponzi scheme
Preference shares
Prime rate
Profit warning
Quantitative easing
Retained earnings
Rights issue
Securities lending
Short selling
Sub-prime mortgages
Tier 1 capital
Toxic debts
Yield spread

Reported Speech

Reported Speech (also referred to as ‘indirect speech’) refers to a sentence reporting what someone has said. It is almost always used in spoken English.

As a rule when you report something someone has said you go back a tense: (the tense on the left changes to the tense on the right). This is because when we use reported speech, we are usually talking about a time in the past (because obviously the person who spoke originally spoke in the past). The basic rules for backshift when transforming direct speech into reported speech are:

Direct speech Indirect speech
Present simple
She said, “It’s cold.”
Past simple
She said it was cold.
Present continuous
She said, “I’m teaching English online.”
Past continuous
She said she was teaching English online.
Present perfect simple
She said, “I’ve been on the web since 1999.”
Past perfect simple
She said she had been on the web since 1999.
Present perfect continuous
She said, “I’ve been teaching English for seven years.”
Past perfect continuous
She said she had been teaching English for seven years.
Past simple
She said, “I taught online yesterday.”
Past perfect
She said she had taught online the day before.
Past continuous
She said, “I was teaching earlier.”
Past perfect continuous
She said she had been teaching earlier.
Past perfect
She said, “The lesson had already started when he arrived.”
Past perfect
NO CHANGE – She said the lesson had already started when he arrived.
Past perfect continuous
She said, “I’d already been teaching for five minutes.”
Past perfect continuous
NO CHANGE – She said she’d already been teaching for five minutes.

Exceptions –> In up-to-date reporting and when reporting a universal truth or law of nature, the verb tenses can either change or remain the same. For example: He said Paris is/was the capital of France.

Modal verb forms also change:

Direct speech Indirect speech
She said, “I’ll teach English online tomorrow.”
She said she would teach English online tomorrow.
She said, “I can teach English online.”
She said she could teach English online.
She said, “I must have a computer to teach English online.”
had to
She said she had to have a computer to teach English online.
She said, “What shall we learn today?”
She asked what we should learn that day.
She said, “May I open a new browser?”
She asked if she might open a new browser.

Note! – There is no change to could, would, should, might and ought to.

Time change

If the reported sentence contains an expression of time, you must change it to fit in with the time of reporting.

For example we need to change words like here and yesterday if they have different meanings at the time and place of reporting.

Today + 24 hours – Indirect speech
“Today’s lesson is on presentations.” She said the lesson of the day before was on presentations.
Expressions of time if reported on a different day
this (evening) that (evening)
today that day…
these (days) those (days)
now then
(a week) ago (a week) before
last weekend the weekend before last / the previous weekend
here there
next (week) the following (week)
tomorrow the next/following day

In addition, if you report something that someone said in a different place to where you heard it you must change the place (here) to the place (there). For example:

At work At home
“How long have you worked here?” She asked me how long I’d worked there.

Pronoun change

In reported speech, the pronoun often changes to match the subject of the sentence. For example:

Me You
I teach English online.” She said she teaches English online.

There are special reported sentences one needs to be careful with:


Reporting questions are usually introduced by ask, inquire, wonder, want to know, etc. When reporting questions, it is especially important to pay attention to sentence order. When reporting yes/ no questions connect the reported question using ‘if’. When reporting questions using question words (why, where, when, etc.) use the question word.

For example:

  • She asked, “Do you want to come with me?” BECOMES She asked me if I wanted to come with her.
  • Dave asked, “Where did you go last weekend?” BECOMES Dave asked me where I had gone the previous weekend.

Commands, requests, suggestions

To report commands, instructions, requests or suggestions, we use an appropriate introductory verb – ask, order, beg, suggest, tell, etc – and the to-infinitive, -ing form or that-clause depending on the verb. Check this list of reporting verbs if in doubt.

For example:

  • “Stop the car!”the policeman said to him BECOMES The policeman ordered him to stop the car.
  • “How about going to the cinema?”, I said to them BECOMES I suggested going to the cinema.

Did you say you need any further practice? Find it at ESL tests

Following the unit, I’d like you to practise your reported speech by quoting some of our politicians. Check this web to see some of their most memorable quotes. John F. Kennedy, for example, said:

When written in Chinese, the word “crisis” is composed of two characters. One represents danger and the other represents opportunity.

You can keep looking for more just by typing the name of other politicians. There is even a section for our crisis time. Enjoy!