Showing posts from October, 2014

What is quantitative easing?

Quantitative easing is when a government pumps 'new' money directly into the economy. It  does this is by buying assets - usually financial assets such as government and corporate bonds.  The financial institutions selling those assets (e.g banks) can then boost the economy by lending this new money to businesses. Why is QE unusual? The normal way a government stimulates economic growth is by a) reducing the cost of borrowing  b) lowering taxes, particularly on business investment. The problem in the current financial crisis has been that interest rates are already at historic lows. As a result some governments (notably the US and to a lesser extent the UK) have attempted to inject money directly into the economy.  The European  Central Bank has resisted QE until recently. Some would argue that this has been a factor in the weakness of the European economic recovery English Language 100 FAQ Teaching Pack   -  only £1.99 using discount code  CQDWKF0

Dude! Where does the word dude come from?

with thanks to Taking English One Thumb at a Time ( dūd, dyūd )  n. Informal . An Easterner or city person who vacations on a ranch in the West. Informal . A man who is very fancy or sharp in dress and demeanor. Slang . A man; a fellow. dudes  Persons of either sex. tr.v. ,  dud·ed ,  dud·ing ,  dudes . Slang . To dress elaborately or flamboyantly:  got all duded up for the show. interj.   Slang Used to express approval, satisfaction, or congratulations. Source The  origins of the word dude are disputed but certainly predate  Dude, Where’s my Car? (2000). According to the American Heritage Dictionary:  Originally it was applied to fancy-dressed city folk who went out west on vacation. In this usage it first appears in the 1870s. A New York newspaper declared one Evan Berry (left) the ‘King of the Dudes’ in 1888. 'Dude' makes an appearance  in Mark Twain’s A Connecticut Yankee in King Arthur’s Court (1889). The word also pops-up in the letters of an