From Theory to Practice
In an attempt to show how the use of translation in foreign language classes can help enhance and further improve reading, writing, speaking and listening skills, this work calls for a re-evaluation and a rehabilitation of the translation activities in the foreign language classes.
Appendix 1 125
125 Appendix 1 (full version of text 2 - section 4.4) Barton Biggs The Summer Of Our Discontent Bernanke told the Japanese to boost liquidity, even if it meant dropping money from helicopters. The bear market in stocks around the world continues and is more than a year old. Declines of 20 percent from the peaks are child's play, with bourses in Europe off almost 30 percent and even bigger declines in some of the emerging-market darlings. The Asia emerging-country index has fallen 30 percent, and China's domestic markets are down 50 percent. As always happens, the grim reapers are in full voice. George Soros speaks of a long period of wealth destruction, and many of my hedge- fund friends are profoundly pessimistic. Some say America will in- evitably follow the course of Japan since 1990, with decades of stag- nation and stock-market depression. It all calls to mind William Butler Yeats: “Things fall apart; the center cannot hold; Mere anarchy is loosed upon the world.” The reference to Japan as a model for America's future is worth looking at. After a long, powerful bull market in equities, commercial and residential real estate and huge wealth creation, the Nikkei index crested at about 39,000 on Dec. 29, 1989. By then there had been wild speculation in stocks and real estate, and the Japanese were the wealthiest people in the world. They bought Rockefeller Center, Pebble Beach, most of the great art and many other toys. When the bubble burst,...
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