Posted by: crisdiaz24 | December 1, 2008

NAURU

Just watch from minute 2.46 to minute 8.35

NAURU

1. What was Nauru like decades ago?

2. What made the Nauruans millionaires?

3. What didn’t they have to pay for?

4. What did the President want to invest their money in?

5. What was Melbourne’s tallest building a testament to?

6. When did Nauru lose millions?

7. What has Nauru been the victim of?

8. What other assets are now in trouble?

9. Why has the Grand Pacific Hotel been left to rot?

10. What is Nauru’s deficit?

11. How much electricity do they have?

12. Why has the school been closed down?

VOCABULARY

BLUE CHIP: A blue-chip company or investment is one that can be trusted and is not likely to fail. Valor de primera clase.

ASSETS: [C usually plural] something valuable belonging to a person or organization which can be used for the payment of debts. Liquid assets: money, or things which can easily be changed into money. Activos.

CARPETBAGGERS: UK disapproving
someone who invests in a financial organization that is owned by its members, in order to make a profit if it is sold. Especulador.

TRUST FUND: an amount of money which is being controlled for the benefit of a person or organization by another person or organization. Fondo fiduciario o de fideicomiso.

TO TURN SOUR: to (cause to) become unpleasant or unfriendly.

PRIME: of the best quality, excellent.

BANKRUPTCY: (legal) inability to pay what you owe, and having control of your financial matters given, by a court of law, to a person who sells your property to pay your debts. Bancarrota.

KEY

1. HEALTHY, WEALTHY, HAPPY.

2. ITS RICH DEPOSIT OF PHOSPHATES.

3. FREE EDUCATION AND HEALTH CARE.

4. INA SPECIAL tRUST fUND.

5. TO EVERYTHING THAT COULD GO RIGHT FOR NAURU.

6. WHEN THEY FAILED TO DEVELOP THE QUEEN VICTORIA HOSPITAL SITE.

7. BAD ADVICE FROM FOREIGN CARPETBAGGERS.

8. MANY OF NAURU PACIFIC PROPERTIES.

FIDJI’S GRAND PACIFIC HOTEL

AUSTRALIAN ASSETS.

9. BECAUSE THE MONEY THAT SHOULD HAVE BEEN SPENT ON REDEVELOPMENT HAS EITHER BEEN SQUANDERED OR STOLEN.

10. 44 MILLION DOLLARS A YEAR.

11. THREE HOURS A DAY.

12. THERE IS NO WATER OR ELECTRICITY.

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Responses

  1. Today the NYT reported that Abkhazia has been recognized by Nauru. The Russians paid the government of Naura to do it. Was it really worth it? I think it is easy to lose perspective. Source: http://euandus3.wordpress.com/2009/12/16/important-newsflash-nauru-recognizes-the-sovereignty-of-abkahzia/

    Like


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