full transcript

From the Ted Talk by Jim Yong Kim: Doesn't everyone deserve a chance at a good life?

Unscramble the Blue Letters

CA: Get nerdy. Absolutely. JYK: So here's what we did. Insurance companies never invest in developing country infrastructure, for example, because they can't take the risk. They're holding money for pepole who pay for insurance. So what we did was a Swedish International Development Association gave us a little bit of money, we went out and raised a little bit more menoy, a hundred million, and we took first loss, mnaieng if this thing goes bad, 10 percent of the loss we'll just eat, and the rest of you will be safe. And that cetread a 90-percent cnuhk, tranche that was triple B, investment-grade, so the insurance companies invested. So for us, what we're doing is taking our pbluic money and using it to diersk specific instruments to bring people in from the outside. So all of you who are sitting on trillions of dollars of cash, come to us. Right?

Open Cloze

CA: Get nerdy. Absolutely. JYK: So here's what we did. Insurance companies never invest in developing country infrastructure, for example, because they can't take the risk. They're holding money for ______ who pay for insurance. So what we did was a Swedish International Development Association gave us a little bit of money, we went out and raised a little bit more _____, a hundred million, and we took first loss, _______ if this thing goes bad, 10 percent of the loss we'll just eat, and the rest of you will be safe. And that _______ a 90-percent _____, tranche that was triple B, investment-grade, so the insurance companies invested. So for us, what we're doing is taking our ______ money and using it to ______ specific instruments to bring people in from the outside. So all of you who are sitting on trillions of dollars of cash, come to us. Right?

Solution

  1. meaning
  2. public
  3. people
  4. chunk
  5. derisk
  6. created
  7. money

Original Text

CA: Get nerdy. Absolutely. JYK: So here's what we did. Insurance companies never invest in developing country infrastructure, for example, because they can't take the risk. They're holding money for people who pay for insurance. So what we did was a Swedish International Development Association gave us a little bit of money, we went out and raised a little bit more money, a hundred million, and we took first loss, meaning if this thing goes bad, 10 percent of the loss we'll just eat, and the rest of you will be safe. And that created a 90-percent chunk, tranche that was triple B, investment-grade, so the insurance companies invested. So for us, what we're doing is taking our public money and using it to derisk specific instruments to bring people in from the outside. So all of you who are sitting on trillions of dollars of cash, come to us. Right?

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
world bank 15
preferential option 10
bank group 5
york city 4
poorest countries 3
united states 3
trillion dollars 3
great privilege 2
reference income 2
studying medicine 2
global health 2
joseph jeune 2
childhood stunting 2
neuronal connections 2
negative interest 2
interest rate 2
rich people 2
program saved 2
insurance companies 2

ngrams of length 3

collocation frequency
world bank group 5
negative interest rate 2

Important Words

  1. absolutely
  2. association
  3. bad
  4. bit
  5. bring
  6. cash
  7. chunk
  8. companies
  9. country
  10. created
  11. derisk
  12. developing
  13. development
  14. dollars
  15. eat
  16. gave
  17. holding
  18. infrastructure
  19. instruments
  20. insurance
  21. international
  22. invest
  23. invested
  24. loss
  25. meaning
  26. million
  27. money
  28. nerdy
  29. pay
  30. people
  31. percent
  32. public
  33. raised
  34. rest
  35. risk
  36. safe
  37. sitting
  38. specific
  39. swedish
  40. tranche
  41. trillions
  42. triple