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Future of jobs
A survey conducted ______ 1 the World Economic Forum and published in May 2023 reveals that approximately 25% of jobs will ______ 2 significant changes in the next five years.
The report indicates that by 2027, 69 million jobs
will be created, while 83 million jobs will be
eliminated, resulting in a ______
3 employment
decrease of 2%. The survey incorporates input
from over 800 companies that employ more than
11 million workers and utilizes a dataset of 673
million jobs. The report highlights technology and
digitalization as the catalysts for both job ______
4
and destruction.
Secretarial and clerical roles such as bank tellers and cashiers are expected to decline rapidly due to automation, while there will be a growing demand for experts in AI, machine learning, and cybersecurity.
Source (adapted): https://www.newsinlevels.com/products/future-of-jobs-level3/
Choose the best option to fill in the blanks CORRECTLY and RESPECTIVELY
I. ‘________ abroad was surely the best experience I’ve ever had
II. ‘________ abroad for one year, and you’ll completely change your mind about your own country.’
III. ‘________ abroad, you need to be resilient.’
Choose the best option to fill in the blanks CORRECTLY and RESPECTIVELY
I. ‘She’d left when you got there, ________ she?’
II. ‘She’d love this dress, ______ she?’
III. ‘She’s worked a lot this week, ______ she?’
Two US banks collapse
Last week, Silicon Valley Bank failed, and it left customers in a tough spot as the government took ______ 1 .
The so-called bank run happened because there ______ 2 news that the bank couldn’t meet its deposit obligations. It means that it had invested the money in various things that weren’t making the money back. Typically, that’s the point where the Federal Deposit Insurance Corporation, ______ 3 insures deposits ______ 4 250,000 dollars, comes in. However, 98% of Silicon Valley Bank customers didn’t have 250,000 dollars but billions of dollars. The government announced that it would step in and secure the depositors, with US president Joe Biden ______ 5 that the US banking system was safe.
Shortly after the fall of Silicon Valley Bank, regulators closed New York-based Signature Bank, too, citing systemic risk. Experts said that these stories would continue repeating themselves because many corporations were overleveraged in dollar debt.
After the collapse, European banks lost 100 billion dollars in value in a week, and despite tough regulations that should make a similar banking failure in Europe unlikely, the contagion is accelerating.
Source: https://www.newsinlevels.com/products/two-usbanks-collapse-level-3/
Two US banks collapse
Last week, Silicon Valley Bank failed, and it left customers in a tough spot as the government took ______ 1 .
The so-called bank run happened because there ______ 2 news that the bank couldn’t meet its deposit obligations. It means that it had invested the money in various things that weren’t making the money back. Typically, that’s the point where the Federal Deposit Insurance Corporation, ______ 3 insures deposits ______ 4 250,000 dollars, comes in. However, 98% of Silicon Valley Bank customers didn’t have 250,000 dollars but billions of dollars. The government announced that it would step in and secure the depositors, with US president Joe Biden ______ 5 that the US banking system was safe.
Shortly after the fall of Silicon Valley Bank, regulators closed New York-based Signature Bank, too, citing systemic risk. Experts said that these stories would continue repeating themselves because many corporations were overleveraged in dollar debt.
After the collapse, European banks lost 100 billion dollars in value in a week, and despite tough regulations that should make a similar banking failure in Europe unlikely, the contagion is accelerating.
Source: https://www.newsinlevels.com/products/two-usbanks-collapse-level-3/
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