Howdy y’all (typical greeting from the southern US)
Just a quick note to mention that we’re about to put together the marks for the January round of English language exams. From my point of view (listening) they went better for the B2 level than for the B1 level this time. I haven’t seen the other components of the final grade yet, so I hope for the best!
In other news, there is an interesting article in The Economist this week on emerging market companies that go multinational – perhaps creating a new model of multinational and definitely changing the shape of skilled labour migration as the headquarters of important companies lie in places like Mumbai and Saint Petersburg. Sounds like an opportunity for CL4 graduates!!!! Trip to India, anyone? The model for this trend is the Mittal takeover of the French Arcelor steel company (back in Dec. 2005). Anybody remember me ranting about that? Heh heh.
In finance – Merrill Lynch (one of the world’s largest investment banks) declared that “recession is a present day reality” in America. This doesn’t look good for global financial institutions which are too tied to America (much of the world). Recession at this time will be horrible for Italy, which has been treading water hard just to keep afloat in a sea of long term structural financial crisis. Ugh! For now – keep your savings close to your hearts, as the Euro is still strong – but if emerging market financial institutions don’t properly value the Euro among their financial tools – we could see that slip away too! Italy needed more time in a growing global economy to pull itself together (another 5 years). We’re not going to get it. Anyway – that’s one man’s opinion on sport (as they say).
Any opinions or comments’
All the best to everyone! How did your other exams go? All the best to those of you heading back out to your Erasmus locations! Have fun – don’t forget to hang out with the natives!!!!!!
Pete
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