Article 4

OJK moves up a gear on financial literacy

            Teachers are laypersons after all, including economics teachers. More than two years after the establishment of the Financial Services Authority (OJK), many of these teachers are still clueless about the superbody’s role in the economy.Pieter L. Maurits was not sure about the OJK’s role in society. The high school teacher from Ambon, Maluku province, was aware it existed, but could not quite place its position among other state agencies, such as Bank Indonesia (BI).

            “I know what BI does, but the OJK is still a somewhat vague concept,” he said recently.Budiyono, a teacher from Semarang, Central Java, was just as clueless as Pieter. “How does the OJK differ from Bapepam-LK [the Capital Market and Financial Institution Supervisory Agency]?” he asked.Little did Budiyono know, the Bapepam was no longer around and that its functions had been taken over by the OJK in 2013.

            These teachers are the target audience of a training forum held on July 2 to July 3 by the OJK, Education and Culture Ministry and the Economics Teachers’ Association, which aims to boost the financial literacy of teachers.The forum was attended by 70 economics teachers, who hailed from all 34 provinces across the archipelago. These teachers could pass on the knowledge to their students, so they can become more knowledgeable about the available facilities to access finance and better manage their money.

            OJK commissioner for education and consumer protection Kusumaningtuti S. Soetiono said that the superbody expected the training to eventually help boost Indonesians’ financial literacy to the same level currently reported by peers Malaysia and Singapore.“About 62 percent of our population lives in rural areas and inlands. That’s why we are coordinating with the Education and Culture Ministry to spread knowledge, but it will take more than five years to do that,” she said.

            Meanwhile, Deputy Education and Culture Minister Musliar Kasim said that the training was part of the ministry’s and OJK’s effort to prepare them to begin educating students and their fellow teachers about the OJK and existing financial services institutions.“Tenth grade students will be taught a subject on the OJK starting this year. It’s part of the new curriculum,” he said.Musliar admitted that there was unequal knowledge of financial institutions across the country. “Let’s be frank, most of us find out about insurance and banking products after we graduate from college,” he said.

            The shallow knowledge is in line with the OJK’s and World Bank’s studies’ findings that say only 20 to 30 percent of Indonesia’s total population have access to financial products or are financially literate.This was somewhat reflected on the first day of the forum, when the teachers underwent a “pre-test”, conducted to measure the teachers’ knowledge. According to the results, the best teacher only scored 77.5 out of 100, while the lowest score stood at 27.5.During a session, the teachers fell into a trap prepared by the OJK when the forum’s moderator offered them an “investment opportunity”.

            Under the “investment scheme”, teachers were offered hefty return if they were willing to deposit Rp 1 million (US$84) per person. The funds would be used to assist the reproduction of OJK books. “We still need Rp 10 billion for the books and are hoping you can fill the funding gap,” the moderator said. Hands then sprung, representing dozens of interested teachers, but they could only giggle sheepishly when they found out that they had been “duped”. At the end of the training, Wiji Purwanto, the association’s head, said that it would consider holding another training forum for its 20,686 members. “We conducted a post-test to see how they fared after two days. Four teachers got the highest score with 90. Not bad. They’re ready,” he said. ( sumber : http://www.thejakartapost.com/news/2014/07/05/ojk-moves-a-gear-financial-literacy.html)

Opini : The Government should create more forums like this so that people can better know about ojk and function of ojk itself not only to teachers and students but for people from different circles should also give additional knowledge.

Article 3

Dubai to build world's biggest shopping center

            The shopping-loving city that is home to one of the world's largest shopping malls wants to build one even bigger. Dubai ruler Sheik Mohammed bin Rashid Al Maktoum has laid out plans for a sprawling real-estate project known as Mall of the World that will include the 8 million square foot (743,224 square meter) mall, a climate-controlled street network, a theme park covered during the scorching summer months and 100 hotels and serviced apartments.

            Other attractions planned for the site include a cultural and theater district drawing inspiration from New York's Broadway, shopping thoroughfares based on London's Oxford Street and a "wellness district" meant to attract medical tourists."The growth in family and retail tourism underpins the need to enhance Dubai's tourism infrastructure as soon as possible," Sheik Mohammed said in a statement announcing the project Saturday. "This project complements our plans to transform Dubai into a cultural, tourist and economic hub for the 2 billion people living in the region around us — and we are determined to achieve our vision."

            Dubai Holding, a conglomerate controlled by the emirate's ruler, is developing the complex. It gave no details on the cost or the completion date.The complex will be built near the Mall of the Emirates, which boasts an indoor ski slope, and a short drive from the Burj Khalifa, the world's tallest tower, and the adjacent Dubai Mall. That shopping center is currently the emirate's largest and has attractions including a dinosaur skeleton, an indoor ice skating rink and a multistory aquarium.

            Dubai has long used high-profile, big-ticket real estate projects to drive economic growth and establish itself as an international tourist destination. Its ambitions were slowed significantly with a crippling financial crisis that came to a head in 2009, forcing the delay or cancellation of some of the most outlandish projects.Dubai Holding was not spared from the financial turmoil, and some of its divisions sought new repayment terms from lenders on a debt pile that reached into the billions of dollars.

            The emirate's economy has rebounded strongly in the years since the crisis, driven by its trade, transportation and tourism-dependent economy.Dubai is racing to develop additional infrastructure needed to accommodate a surge in visitors expected when it becomes the first Middle Eastern city to host the World Expo in 2020. Authorities expect the expo will generate $23 billion between 2015 and 2021, and estimate it will cost $8.4 billion to organize. The new mall project alone is expected to create an additional 20,000 hotel rooms.(sumber : The shopping-loving city that is home to one of the world's largest shopping malls wants to build one even bigger.

            Dubai ruler Sheik Mohammed bin Rashid Al Maktoum has laid out plans for a sprawling real-estate project known as Mall of the World that will include the 8 million square foot (743,224 square meter) mall, a climate-controlled street network, a theme park covered during the scorching summer months and 100 hotels and serviced apartments.Other attractions planned for the site include a cultural and theater district drawing inspiration from New York's Broadway, shopping thoroughfares based on London's Oxford Street and a "wellness district" meant to attract medical tourists.

            "The growth in family and retail tourism underpins the need to enhance Dubai's tourism infrastructure as soon as possible," Sheik Mohammed said in a statement announcing the project Saturday. "This project complements our plans to transform Dubai into a cultural, tourist and economic hub for the 2 billion people living in the region around us — and we are determined to achieve our vision."Dubai Holding, a conglomerate controlled by the emirate's ruler, is developing the complex. It gave no details on the cost or the completion date.

            The complex will be built near the Mall of the Emirates, which boasts an indoor ski slope, and a short drive from the Burj Khalifa, the world's tallest tower, and the adjacent Dubai Mall. That shopping center is currently the emirate's largest and has attractions including a dinosaur skeleton, an indoor ice skating rink and a multistory aquarium. Dubai has long used high-profile, big-ticket real estate projects to drive economic growth and establish itself as an international tourist destination. Its ambitions were slowed significantly with a crippling financial crisis that came to a head in 2009, forcing the delay or cancellation of some of the most outlandish projects.

            Dubai Holding was not spared from the financial turmoil, and some of its divisions sought new repayment terms from lenders on a debt pile that reached into the billions of dollars.The emirate's economy has rebounded strongly in the years since the crisis, driven by its trade, transportation and tourism-dependent economy.Dubai is racing to develop additional infrastructure needed to accommodate a surge in visitors expected when it becomes the first Middle Eastern city to host the World Expo in 2020. Authorities expect the expo will generate $23 billion between 2015 and 2021, and estimate it will cost $8.4 billion to organize.The new mall project alone is expected to create an additional 20,000 hotel rooms. (sumber : http://www.thejakartapost.com/news/2014/07/06/dubai-build-worlds-biggest-shopping-center.html)

Opini  : Dubai will become the more advanced countries in the world in the future. Become one of the countries in the Middle East that has entertainment industry  grown rapidly and can compete with the West.

Article 2

Analysts excited by Asia’s rising power but warn of economic and political  downside risks

Asia’s regional experts are quite excited about the continued robust growth of the Asian economy as the economic gravity has moved from the West to the East but warned of several political and economic downside risks that could lead many countries in the region into the middle-income trap.

Bank DBS Chief Executive Officer Piyush Gupta and chief economist David Carbon briefed the around 500 businesspeople and analysts attending the DBS Asian Insights Conference here on Friday on how the rising power of Asian giants (notably China, India and Indonesia) would change the structure of the global economy.

Even after the growth in China now has declined to about 7.6 percent and the expansion in India and Indonesia has also moderated Asia (excluding Japan) would still put three Eurozoes (in economic size) on the global economic map within 25 years, Carbon noted at the first plenary session on Asian giants.

“Asia (excluding Japan) with a combined gross domestic product of US$16 trillion, or about similar to the US economy will continue to be the main locomotive of the world economy,” Carbon added.

However, the four panelists at the session warned that political divisiveness, indequate pace of reform measures and inequality in income distribution and asset ownership could stifle the growth and lead Asian major economies into a middle-income trap.

Two of the paneliss, Jusuf Wanandi, co-chair of the Pacific Economic Cooperation Council (PECC), and Tommy Koh, Singapore’s Ambassador at Large, cited the tensions between China, now the world’s second largest economy, and its neighbors over South China Sea as a major political downside risk to sustainable growth in the region.

“Indonesia has been enjoying good relations with China and our bilateral economic ties have been quite strong, but China seems to have been more assertive now with its rising power,” Wanandi said.

“How China with its rising economic power will behave towards its neighbors will impact on the future economic growth and integration in the egion,” Koh pointed out.

The two other panelists, Duvvuri Subbarao, former governor of the Reserve of India, and Li Mingjiang, coordinator of the China Program at the S. Rajaratnam School of International Relations pointed to the need for a continued high pace of structural reform in Asia, otherwise many major economies in the region would remain trapped in the middle-income club.

Subbarao and Mingjiang shared the views that Asian high growth would be sustainable only if reform and infrastructure deveopment would be accelerated and clean governance strengthened.

The plenary session was supposed to focus on the economic issues related to the Asian giants but participants at the meeting and journalists at a later news conference bombarded Wanandi with questions about the upcoming presidential elections in Indonesia and how the outcome would impact on future economic policies.

“To be honest with you I am a partisan supporter of Jokowi (presidential candidate Joko ‘Jokowi’ Widodo), so please be critical on what I said. But the reality is I don’t want authoritarian rule back in my country,” Wanandi asserted.

He said the development concepts of both candidates are strikingly different. While presidential candidate Prabowo Subianto aspires to restore authoritarian rule as that under Soeharto, Jokowi has strongly been committed to strengthening the democracy process.

“The most pressing problem now is how to prevent cheating in the voting, without which Prabowo will never win,” Wanandi added. (sumber : http://www.thejakartapost.com/news/2014/07/04/analysts-excited-asia-s-rising-power-warn-economic-and-political-downside-risks.html)

Opini : DBS bank held Conference to consider how Asian economic position in the future as asia mainly China has an economy that is good enough in a country like America to compensate. Indonesia was expected to boost the economy in the future.

Article 1

Obama not mulling new bank reform , spokesman says

WASHINGTON (MarketWatch) -- President Barack Obama is not considering new legislation to regulate the financial sector, despite his suggestion in a radio interview on Wednesday night that reform of the sector remained unfinished, White House spokesman Josh Earnest said on Thursday. "The president wasn't referring to any specific regulation or law that he had in mind, but rather the need to continue to vigilantly monitor financial markets, to assess risks that may be emerging and to ensure that the necessary regulatory protections are in place," Earnest said during the daily press briefing. Obama told Marketplace that bank reform was "an unfinished piece of business." He said that regulators "continue to see a lot of these banks take big risks because the profit incentive and the bonus incentive is there for them" rather than " doing what it is supposed to be doing to grow the real economy." 1:32 p.m. July 3, 2014 (sumber : http://www.marketwatch.com/economy-politics)

Opini : President obama is not too hurry in taking decisions especially in making law. He would prefer to see the State first and find a good way out for the future.

should shouldn't or can can't

1.      Library

You be supposed to quiet in the library

You be allowed to borrow a book in the library

You aren’t supposed to bringing pets in the library

You aren’t allowed to eat or drink in the library.

2.      Museum

You be expected to obey the rules in the museum.

You be permitted to got knowledge in the museum.

You aren’t expected to touch anything in the museum.

You aren’t permitted to playing a game in the museum.

3.      Restaurant

You be supposed to eat and drink in the restaurant.

You be allowed to cheat in the restaurant.

You aren’t supposed to sleep in the restaurant.

You aren’t allowed to take a bath in the restaurant

4.      Tram

You be expected to give a seat to pregnant woman in the tram.

You be permitted to listen music in the tram.

You aren’t supposed to bring sharp item in the tram.

You aren’t permitted to brings many things in the tram.

5.      Park

You be suppsed to put trash in the trash can in the park.

You be allowed to picnic with friend in the park.

You aren’t supposed to wearing jewelry in the park.

You aren’t permitted to buy a book in the park.

Tugas 2 Article

I.  In the following sntences supply the articles [a,an or the if they are necessary. If no articleis necessary,        write ø.
  1.  Jason father brought him    a       Bicycle that he had wanted for his birthday.
  2.  The        Statue of Liberty was a gift of friendship from   ø     France to       the    United States.
  3.  Rita is studying      an       English and        ø             math this semester
   4.   The        Judged ask         a         witness to tell the truth..
  5.      Please give me    a     cup of        ø    coffe with    ø        cream and     ø     sugar.
  6.  A    Big books on      the    table are for my history class.
  7.   When you go to   the    store please buy      a      bottle of      ø    chocolate milk and  dozen  orange.
  8.   There are only   a      seats left for      ø     tonight’s musical at  the    University.
  9.   Jhon and Mercy went to     ø  school yesterday and then studied in   the  library before returning home.
 10. What did you eat for        ø      breakfast this morning?

 II. Fill in the blanks with the approriate from the other.

 1. This pen isn’t working. Please give me   another       
 2. If you’re still thirsty, i’ll make      another     pot of coffe.
 3. This dictionary has a page missing. Please give me      another       
 4.  He doesn’t need those book. He needs   the others   
 5.  There are thirty people in the room. Twenty are from Latin America and   the  others  are from  others  coutry.
  6. Six people are in the store. Two wre is buying meat.  others  Was looking at magazines.   others  Was           eating a candy bar.    The others    Were walking around looking for more food.
 7.  This glass of milk is sour.     Another    Glass of milk is sour  too.
 8.    The army was practicing its drills. One group was doing artillery practice.  Another  Was marching;               another   was at attention; and     the other  was practicing combat tactics.
 9.  There ares even students from Japan. others  are from Iran, and   the others  are from  others places.
10. We looked at cars today. The first two we far too expensive, but  the other    one  were reasonably               priced.

Personal Introduction

            My name is Elvira Lysandra Putri, but my family and my friend call me ira. I was born in Jakarta 14 January 1994. I have one brother, he studied in 59 senior high school. My father is an employee and my mother is a gymnastich coach. I like reading, watching a movie or theater and playing acting. My primary school at perguruan rakyat, my junior high scool at 255 jakarta and my senior high school at 54 jakarta.Now I am studiying accounting at Gunadarma University. Why I choose accounting ? Because I want to be the governor of bank Indonesia. Deep down in my heart I realy love theater and acting. When senior high school, I am a leader in theater total . I almost play in every drama in my school. I like being on stage and when the lamp just lead to me . It’s amazing and I can’t forget that now I lern to directing my junior class. It’s to difficult, for me acting is more easy. I realy missed being in stage, i don’t like in back stage.I have a photowork with my friend. We work to make a yearbook in school. I lern so many thing when work more than I lern in class. Sometimes a real life is not easy like we read a book. Now I want focus to study and graduate from Gunadarma University next year.

1    I      like   reading, watching   a movie or theater.

       S              V                                  C

2    I  almost      play   in every drama    at my school.

            S              V                 C                     M

3. I like    being    on stage and   when the lamp just lead to me .

        S         V            C                                   M

4  We   work  to make   a yearbook    in school.

    S                  V                     C            M

5   I    lern    so many thing  when work more than I lern in class.

     S     V             C                                         M