full transcript

From the Ted Talk by Michael Metcalfe: A provocative way to finance the fight against climate change

Unscramble the Blue Letters

When the financial crisis moved to Europe, the European Central Bank pnedisret, Mario Draghi, promised "to do whatever it takes." And they did. The Bank of jaapn retepaed those words — that exact same commitment — to do "whatever it takes" to rtaefle their economy. In both cases, "whatever it takes" meant trillions of dollars more in money-printing policies that continue today. What this shows is that when faced with some global challenges, policy makers are able to act collectively, with ugcnrey, and run the risks of unconventional pocieils like money printing.

Open Cloze

When the financial crisis moved to Europe, the European Central Bank _________, Mario Draghi, promised "to do whatever it takes." And they did. The Bank of _____ ________ those words — that exact same commitment — to do "whatever it takes" to _______ their economy. In both cases, "whatever it takes" meant trillions of dollars more in money-printing policies that continue today. What this shows is that when faced with some global challenges, policy makers are able to act collectively, with _______, and run the risks of unconventional ________ like money printing.

Solution

  1. reflate
  2. repeated
  3. urgency
  4. policies
  5. president
  6. japan

Original Text

When the financial crisis moved to Europe, the European Central Bank President, Mario Draghi, promised "to do whatever it takes." And they did. The Bank of Japan repeated those words — that exact same commitment — to do "whatever it takes" to reflate their economy. In both cases, "whatever it takes" meant trillions of dollars more in money-printing policies that continue today. What this shows is that when faced with some global challenges, policy makers are able to act collectively, with urgency, and run the risks of unconventional policies like money printing.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
billion dollars 6
money printing 6
financial crisis 4
extra sdrs 4
fossil fuels 3
climate change 3
foreign exchange 3
global action 3
green climate 3
climate fund 3
burning fossil 2
developing countries 2
cleaner energy 2
bonds issued 2
special drawing 2
printing national 2
national currencies 2
international currency 2
exchange reserves 2
developed market 2
market countries 2
climate projects 2

ngrams of length 3

collocation frequency
green climate fund 3
burning fossil fuels 2
printing national currencies 2
foreign exchange reserves 2
developed market countries 2

Important Words

  1. act
  2. bank
  3. cases
  4. central
  5. challenges
  6. collectively
  7. commitment
  8. continue
  9. crisis
  10. dollars
  11. draghi
  12. economy
  13. europe
  14. european
  15. exact
  16. faced
  17. financial
  18. global
  19. japan
  20. makers
  21. mario
  22. meant
  23. money
  24. moved
  25. policies
  26. policy
  27. president
  28. printing
  29. promised
  30. reflate
  31. repeated
  32. risks
  33. run
  34. shows
  35. takes
  36. today
  37. trillions
  38. unconventional
  39. urgency
  40. words