Focus on Words

Mortgage – lenders who lent money without checking whether the people
are creditworthy.
Politicians who allowed debts to build up unchecked.
Homebuyers who took loans they could never pay.
Maybe all of them contributed to the collapse, and, unless they stop pointing
the finger at each other and focus on the serious business of recognising our
collective responsibility, we will find ourselves repeating the same mistake.
There are disturbing parallels between recent developments and the past
events.
Like the current crisis the great depression was preceded by a housing
boom, a long period of cheap credit and a stock market crash. But there are
signs of falling back into old habits.
Project Work
What globalisation processes do these pictures represent? Choose one of
the problems illustrated by the picture, work on it and report it to the class.
Silk way
Big big-mac
Anti-globalization
Can you understand the tattoo?
11