full transcript

From the Ted Talk by Ray Dalio: What coronavirus means for the global economy

Unscramble the Blue Letters

But what happens is, states and localities think of it as a budget item. So they look at expenses. And they penny-pinch on the education. Because if you're in a rich town, your kids will get a good education. And if you're not — And a large percentage of the pualiooptn is losing that. So that has to be engineered well, so that they are ptvdcuiore, as well as divide the pie well, and everybody believes that the setysm is fair. We can get there. Am I optimistic that we will get there? You know, I don't know. I would say, I'm 60-40 pessimistic that we'll be good enough with each other to do that. But there's that possibility. This is our test. This is our sestrs test.

Open Cloze

But what happens is, states and localities think of it as a budget item. So they look at expenses. And they penny-pinch on the education. Because if you're in a rich town, your kids will get a good education. And if you're not — And a large percentage of the __________ is losing that. So that has to be engineered well, so that they are __________, as well as divide the pie well, and everybody believes that the ______ is fair. We can get there. Am I optimistic that we will get there? You know, I don't know. I would say, I'm 60-40 pessimistic that we'll be good enough with each other to do that. But there's that possibility. This is our test. This is our ______ test.

Solution

  1. system
  2. population
  3. stress
  4. productive

Original Text

But what happens is, states and localities think of it as a budget item. So they look at expenses. And they penny-pinch on the education. Because if you're in a rich town, your kids will get a good education. And if you're not — And a large percentage of the population is losing that. So that has to be engineered well, so that they are productive, as well as divide the pie well, and everybody believes that the system is fair. We can get there. Am I optimistic that we will get there? You know, I don't know. I would say, I'm 60-40 pessimistic that we'll be good enough with each other to do that. But there's that possibility. This is our test. This is our stress test.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
world order 4
balance sheets 3
interest rates 3
defining moment 3
debt cycle 3
stress test 3
high school 3
thoughtful disagreement 3
monetary system 2
american dream 2
financial assets 2
buying power 2
politically challenging 2
emerge stronger 2
equal opportunity 2
irrational hatred 2
global view 2

Important Words

  1. believes
  2. budget
  3. divide
  4. education
  5. engineered
  6. expenses
  7. fair
  8. good
  9. item
  10. kids
  11. large
  12. localities
  13. losing
  14. optimistic
  15. percentage
  16. pessimistic
  17. pie
  18. population
  19. possibility
  20. productive
  21. rich
  22. states
  23. stress
  24. system
  25. test
  26. town