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
- meaning
- public
- people
- chunk
- derisk
- created
- 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
- absolutely
- association
- bad
- bit
- bring
- cash
- chunk
- companies
- country
- created
- derisk
- developing
- development
- dollars
- eat
- gave
- holding
- infrastructure
- instruments
- insurance
- international
- invest
- invested
- loss
- meaning
- million
- money
- nerdy
- pay
- people
- percent
- public
- raised
- rest
- risk
- safe
- sitting
- specific
- swedish
- tranche
- trillions
- triple