Wednesday, November 16, 2011

Current Events #2

Title: "Storm Approaches for India's Banks, Analysts Say"

Summary of Article: India's economy is falling because of rising interest rates and loan payments. People were'nt paying there loans or not paying it back at all so now, money is being spent thoughtfully than before in India. In two years the industrial growth rate of India dropped critically.
Suggestion for Improvement/'Solving: Whatcan be solve to solve this problem is that the bank should'nt let people take loans unless they have a certain amount of money in their account so they know that the person can pay the money back. This effects the local government and the communtiy because now certain people can't be trusted making loans to so now people cant pay for things in their community and if the cpommunity doesn't get money then there will be a decrease in the activities in the community.

1 comment:

  1. Tatyana,

    How does this relate to an effect of the Industrial Revolution? Review the assignment sheet for what you should have done for this assignment.

    Also, "were'nt" is not a word, "weren't" is the proper way to write it. Remember, the apostrophe replaces the letter "o" in "not" so the apostrophe should be placed where the "o" was. (Should'nt is "shouldn't").

    Grade 5/30 - wrong article chosen

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