EBE Reading Material Development

8/3/2019 EBE Reading Material Development

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EBE Reading Material Development

ASSIGNMENT

Submitted to fulfill the assignment of English for Business

Lecturer : Drs. Prawoto S. Purnomo

Compiled by :

Aris Abdul Azis

0902543

DIK B

Department of English Education


2/16

Faculty of Language and Fine Arts Education

Indonesia University of Education

2011ustralian Beef Industryit by Indonesian Cutsby Edhie Rianto

USTRALIAS beef industryrecently said Indonesiasplans to slash live

cattle imports was unwelcomenews, but denied it waspayback for Canberras abrupthalt to exports earlier thisyear. Indonesia is the

countrys biggest live exportmarket but Australias topbeef producers body saidJakarta plans to cut thenumber of cattle it takes fromAustralia from 520,000 to283,000 from next year.

A

According to Cattle Council of Australia president AndrewOgilvie was qouted from AFP said were still recovering fromthe suspension of the trade so its pretty unwelcome that its

been announced. The decision comes after Australia abruptlyfroze all exports to Indonesia in June over animal welfareissues, after the state broadcaster ABC showed images ofanimals being kicked and mistreated ahead of slaughter.Trade was reinstated after several weeks after Jakarta agreedto a strict new permit system requiring exporters andslaughterhouses to guarantee animal welfare standards. Ogilviesaid that while the new quota was a serious reduction innumbers, he did not believe it was a direct reprisal.

I dont think its a trade issue, its nothing to do with

payback. Its the simple fact that they want to be self-sufficient by 2014, Ogilvie said.


3/16

We have been expecting reductions of the live import permitsbut this is a little bit more of a reduction than we expected.Indonesia had held open the option of increasing the quota ifit was unable to meet demand, while Australia would look todeveloping markets such as China for the long term, Ogilvie

added.

But cattle producers, hard hit when the government blockedexports to Indonesia, said the new limit was worrying, withNorthern Territory Cattlemens Associations Luke Bowentelling the ABC it would raise serious concerns.

A spokeswoman for the Department of Agriculture, Fisheries andForestry said while import quotas were a matter for Jakarta,Australia remained committed to the live export trade.

Live exports, which also include sheep, were worth Aus$1.12billion (US$1.12 billion) to the Australian economy in 2010-11according to the most recent figures. Indonesia accounted forAus$291 million, making it the biggest market.

Source:

http://traveltextonline.com

A. Cross (X) the correct answer between A, B, C, D, and E based on information ofthe

text above.

1. What is the text mainly about ?a. The trade of beef

b. Beef Industrion

c. The issue of trade problem between Indonesia and Australia

d. Export and import of beef

2. Jakarta plans to cut the number of cattle it takes from Australia from ........... from

next year.

a. 510,000 to 280,000

b. 525,000 to 285,000

c. 520,000 to 283,000

d. 515,000 to 280,000

3. Which of the following is TRUE according tothe text?

a. Indonesia is the second countrys biggest live export market

b. Andrew Ogilvie is the president of Cattle Council of Australia

c. the government blocked import to Indonesia

d. Indonesia accounted for Aus$290 million, making it the biggest market

4. The word I (in paragraph 4) refers to .......
http://traveltextonline.com/english-section/australian-beef-industry-hit-indonesian-cutshttp://traveltextonline.com/english-section/australian-beef-industry-hit-indonesian-cutshttp://traveltextonline.com/english-section/australian-beef-industry-hit-indonesian-cutshttp://traveltextonline.com/english-section/australian-beef-industry-hit-indonesian-cutshttp://traveltextonline.com/english-section/australian-beef-industry-hit-indonesian-cuts


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a. Edhie Rianto

b. Luke Bowen

c. Andrew Ogilvie

d. Cattlemen

5. What is A spokeswoman for the Department of Agriculture, Fisheries and Forestry

stated?

a. The new limit was worrying

b. Live exports were worth Aus$1.12 billion Live exports

c. Australia would look to developing markets such as China for the long term

d. Import quotas were a matter for Jakarta

B. Match these terms with their definitions.

Suspension

Broadcaster

Guarantee

Reduction

Quota

SpokeswomanEconomy

Market

Permit

Abrupt

sman

something will be done or will happen, especially a written promise by a company to repair or change a product t

ument that allows you to do something or go somewheree job is to speak on radio or television programmes

ething that is sudden and unexpected, and often unpleasant

amount or number that is officially allowed:

t at which people gather in order to buy and sell things

saving of money or , less commonly, the saving of time, energy, words, etc:

stops something happening, operating, etc. for a period of time:


5/16

C. Fill in the blanks with suitable words by giving their correct grammar.

1. Indonesia has (cooperated) ............ with Australia in Beef Industrion.

2. We have (be) .......... expecting reductions of the live import permits.

3. Northern Territory Cattlemens Associations (be) .......... the organization from

Australia.

4. The television (show) ........... images of animals being kicked and mistreated ahead

of slaughter.

5. Indonesia (want) ........... more much beef.

6. Luke Bowen (tell) ............ the ABC it would raise serious concerns.

D. Choose whether the statement is TRUE or FALSE.

1. Indonesias plans to slash live cattle imports was welcome news

2. The new quota was a serious reduction in numbers

3. The new limit was unpredictable

4. Cattle producers, hard hit when the government blocked imports to Indonesia

5. Indonesia remained committed to the live export trade.

E. Answer the following questions based on the text above.

1. Why Jakarta plans to cut the number of cattle it takes from Australia?

2. What was Andrew Ogilvie said about trade?

3. When the trade want to be a self-sufficient ?

4. What is ABC?

5. What was a broadcaster do in ABC?


6/16

Why The Latest Euro Bank Bailout is Bullish for America

by STEPHEN GANDEL

e bottom-line truth about

today's Federal Reserve-led

coordinated effort by six of

the developed worlds' central

banks to ease the liquidity problems of

European financial institutions is this: It

doesn't change anything. European

leaders still have the same tough

decision to make. Either impose even

stricter austerity measures on Europe's

struggling nations or force Germanyand other stronger European nations to

come forward with an even bigger

bailout, or, of course, kiss the Euro

good-bye. And in fact that choice got a

little tougher last night, after European

bank leaders said that the plan to lever

up the funds already in place to help

the struggling Eurozone nations may

not work.

h

Another wrinkle: If the move leads to an even bigger bailout the result could

be a new round of inflation, particularly in the emerging market countries.

That would lead to more rate hikes in China and elsewhere, which could slow

the entire global economy.

So if that's the case, why did U.S. stocks, which have taken a beating recently

on fears that the Eurozone's problems will spread to U.S. banks and the rest

of the American economy, rise 490 points on Wednesday on news of the

Laszlo Balogh / Reuters)
http://curiouscapitalist.blogs.time.com/author/stephengandel/http://timecuriouscapitalist.files.wordpress.com/2011/11/cc_eurobanks_1130.jpghttp://curiouscapitalist.blogs.time.com/author/stephengandel/


7/16

latest effort to prop up Europe's banks? As one analyst put it, the amount of

people who bought stocks this morning on the news that central banks

around the world were lowering currency swap lines probably far outweights

the number of people who know what currency swap lines are.

In fact, the deal struck today says more about the strength of the U.S. and

the U.S. economy than it does about how and whether Europe's issues will be

resolved.

The latest European bank bailout measure is a coordinated effort by six

central banks, but the heavy lifting is being done by the U.S. Fed. Recently,

overnight lending rates among European banks had been rising on fears that

some Euro banks would fail, and not be able to pay off their debts. It turns

out the plan to relieve this problem is to put more U.S. dollars in the hands of

banks around the world. The six large central banks - including the Bank of

Canada, the Bank of Japan, the European Central Bank and others - have all

agreed to allow their local banks to effectively borrow dollars at half the rate

that they used to be able to. That should drive down lending rates, because if

you can get dollars for cheap to fund your short-term borrowing costs why

would you do anything else.

The effort is being made possible by the U.S. Fed, which has agreed to makethe dollars available to the other five central banks to lend to their local

banks. And the Fed has agreed to keep the rate low on dollars for those other

central banks until February 2013.

There was a fear after the financial crisis, and there still is, that the U.S.

would lose its place as the leading financial power, and all the advantages

that entails. But even after the financial crisis, the crippling recession and the

building up of $15 trillion dollars in debt, America remains the world's lender

of last resort. The move today by central banks, and the fact that the bailout

deal is being made in dollars, says that, for all the worry about the fall of the

American economy, the U.S.'s standing in the world remains, for now at least,

strong. So strong, that essentially the U.S. is setting rates low for the rest of

the developed world through early 2013. And that alone should make U.S.

investors feel better about the U.S. economy and stock market, even if they

don't know for certain what currency swaps are - or that they won't do all

that much to solve Europe's true problems.
http://blogs.wsj.com/marketbeat/2011/11/30/central-bank-swap-line-rate-cut-what-it-means/http://blogs.wsj.com/marketbeat/2011/11/30/central-bank-swap-line-rate-cut-what-it-means/


8/16

Source :

http://curiouscapitalist.blogs.time.com

A. Cross (X) the correct answer between A, B, C, D, and E based on information

ofthe text above.

1. The text tells us about ..........

a. the rising of financial income in U.S.

b. handling Europeans financial problem

c. European banks financial problem

d. the effort of maintaining rate of dollars

2. Which of the following statement is TRUE according to the text?

a. Federal Reserve-led coordinated effort by eight of the developed worlds'

central banks

b. The plan to lever up the funds already in place to help the struggling Eurozone

nations may not work

c. European banks had been rising on fears that some Euro banks would fail, and

not be able to pay off their errand

d. Investors want do all that much to solve Europe's true problems

3. European has ........... to ease the liquidity problems of European financial

institutions.

a. five developed worlds' central banks

b. eight developed worlds' central banks

c. six developed worlds' central banks

d. seven developed worlds' central banks

4. The word it (in line 23, paraghraph 3) refers to .........

a. U.S stocks

b. Europeans bank

c. the question

d. the rising of U.S. stocks

5. America remains the world's lender of last resort even after passing........

a. the building up of $16 trillion dollars in debt
http://curiouscapitalist.blogs.time.com/2011/11/30/why-the-lastest-euro-bank-bailout-is-bullish-for-america/http://curiouscapitalist.blogs.time.com/2011/11/30/why-the-lastest-euro-bank-bailout-is-bullish-for-america/


9/16

b. the U.S financial crisis

c. the crippling submission

d. the leading financial power



1. Many people in the world (uses) ......... bank to save their money.

2. U.S (be) ......... one of the biggest countries who have power in controling world

finances.

3. There are six central (bank) .......... which coordinate the latest European bank

bailout.

4. U.S. is setting rates low for the rest of the (develop) ........... world through early

2013.

5. In the last year, America (be) .......... looking for the way to face its financial

problems.

financial

stock market

eurozone

outweigh

currency

debts

recession

resort

investorscosts

a place where many people go for rest

money which is owed to someone else, or the state of owing something

the amount of money needed to buy

someone who offered to acquire the company's shares

the countries belonging to the European Union which use the Euro as their unit ofthe money that is used in a particular country at a particular time

relating to money or how money is managed

to be greater or more important than something else

a place where parts of the ownership of companies are bought and sold,

a period when the economy of a country is not successful and conditions for busin


10/16

6. The European financial is (predict) ........... rise in the year of 2014.


1. European bank leaders said that the plan to lever up the funds already in place to

help the struggling Eurozone nations may work well.

2. U.S. stocks rise 490 points on Wednesday on news of the latest effort to prop up

Europe's banks.

3. The latest European bank bailout measure is a coordinated effort by eight central

banks.

4. Fed has agreed to keep the rate low on dollars for those other central banks until

February 2013.

5. There was a fear after the financial crisis, and there still is, that the U.S. would lose

its place as the leading financial power, and all the advantages that entails.


1. What is the main idea of the third paragraph?

2. Why some European bank are not be able to pay off their debts?

3. How is the six central banks face the problem in paying debts?

4. How long U.S. sets rates low for the rest of the developed world finance?

5. Why should U.S. investors feel better about the U.S. economy and stock market?


11/16

Gasoline: The new big U.S. exportBy Steve Hargreaves

W YORK (CNNMoney) --

The United States is

awash in gasoline. So

much so, in fact, that the

country is exporting a

record amount of it.

EThe country exported 430,000 more

barrels of gasoline a day than it imported

in September, according to the U.S.

Energy Information Administration. That

is about twice the amount at the start of

the year, and experts and industry

insiders say the trend is here to stay.

The United States began exporting gas in late 2008. For decades prior, starting in 1960, the

country used all the gas it produced here plus had to import gas from places in Europe.

But demand for gas has dropped nearly 10% in recent years. It went from a peak of 9.6 million

barrels a day in 2007 to 8.8 million barrels today, according to the EIA.

10 most fuel efficient cars

The drop was caused partially by the recession but also by the advent of more fuel efficient

vehicles, higher prices and the greater use of ethanol as an ingredient in gasoline. Demand for

other products made from crude oil like diesel and jet fuel has also declined, although not as

much.

To be sure, the United States is still importing plenty of oil to make that gasoline -- and is

still dependent on foreign countries for well over half the crude it uses.

But now the country's massive refining infrastructure is producing more gasoline, diesel and jet

fuel than the United States needs, freeing it up to be exported to places like Brazil, Mexico and

Chile where demand is still strong.

The Wall Street Journal, which reported on the export trend last week, said the United States is

on track this year to be a net exporter of refined products for the first time in 62 years.

"We've got plenty of excess refining capacity," said Jonathan Cogan, a spokesman for EIA. "It's a

reminder that this is a global oil market, and it's reflected by the movements of products to wherethey will get the highest prices."

The U.S. still imports more than half its oil. But thanks to declining

demand for products made from crude, the country is now supplying

the rest of the world with gasoline.
mailto:[email protected]://money.cnn.com/data/commodities/?iid=ELhttp://money.cnn.com/data/commodities/?iid=ELhttp://money.cnn.com/data/commodities/?iid=ELhttp://money.cnn.com/data/commodities/?iid=ELhttp://money.cnn.com/data/commodities/?iid=ELhttp://money.cnn.com/data/commodities/?iid=ELhttp://money.cnn.com/data/commodities/?iid=ELhttp://money.cnn.com/data/commodities/?iid=ELhttp://money.cnn.com/data/commodities/?iid=ELhttp://money.cnn.com/2011/12/01/markets/gas_prices_oil/index.htm?iid=ELhttp://money.cnn.com/galleries/2011/autos/1111/gallery.most_fuel_efficient_since_1984/?iid=ELhttp://money.cnn.com/galleries/2011/autos/1111/gallery.most_fuel_efficient_cars/?iid=ELhttp://money.cnn.com/galleries/2011/autos/1111/gallery.most_fuel_efficient_cars/?iid=ELhttp://money.cnn.com/2011/12/05/news/international/oil_iran/index.htm?iid=ELhttp://money.cnn.com/data/commodities/?iid=ELmailto:[email protected]://money.cnn.com/2011/12/01/markets/gas_prices_oil/index.htm?iid=ELhttp://money.cnn.com/galleries/2011/autos/1111/gallery.most_fuel_efficient_since_1984/?iid=ELhttp://money.cnn.com/galleries/2011/autos/1111/gallery.most_fuel_efficient_cars/?iid=ELhttp://money.cnn.com/galleries/2011/autos/1111/gallery.most_fuel_efficient_cars/?iid=ELhttp://money.cnn.com/2011/12/05/news/international/oil_iran/index.htm?iid=EL


12/16

Oil's up, gas is down. Why?

Mark Williams, global head of refining, trading and marketing for Royal Dutch Shell (RDSA), said

exporting diesel and other refined products from the United States used to happen fairly

irregularly but is now becoming much more common.

"It's growing as a new business," he said, although he cautioned that the United States wouldprobably not become a huge exporter of fuel.

Still, the ability to export oil is good news for Shell and other oil companies like Exxon Mobil

(XOM,Fortune 500), BP (BP) and Chevron (CVX, Fortune 500). They can use their extensive

and modern refineries in the United States to make gasoline for the rest of the world.

But it may be bewildering for American drivers, who could experience record high gas prices next

year even though U.S. demand could hit the lowest level in a decade, said Tom Kloza, chief oil

analyst at the Oil Price Information Service.

Oil roars back to $100, but does anybody care?

"I can understand it, from a truck driver's perspective," said Kloza. "You're paying $4 or $4.50 a

gallon to run your rig, yet we're exporting the crap out of this fuel. I'd be outraged too."

Still, he cautioned against restrictions on exports of diesel or gasoline, a move he expects

politicians to at least talk about in 2012.

There's nothing forcing oil companies to bring crude to the United States to refine, Kloza said,

noting that the refining industry employs thousands of workers.

"If you restrict exports, you'd really be looking for trouble," Kloza said. "You'd just see the refining

and the jobs go offshore."

Source :

http://money.cnn.com

A. Cross (X) the correct answer between A, B, C, D, and E based on information

ofthe text above.

1. The main information of the text is about ...........

a. Gasoline

b. U.S and its gasoline

c. The new big U.S. export

d. The raising of U.S. export

2. U.S export more than ........... of gasoline in September.

a. 430,000 barrels

b. 400.000 barrels

c. 420.000 barrels

d. 450.000 barrels3. U.S. is producing more ........... than the United States needs.
http://money.cnn.com/2011/12/01/markets/gas_prices_oil/index.htm?iid=ELhttp://money.cnn.com/quote/quote.html?symb=RDSA&source=story_quote_linkhttp://money.cnn.com/quote/quote.html?symb=XOM&source=story_quote_linkhttp://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/387.html?source=story_f500_linkhttp://money.cnn.com/quote/quote.html?symb=BP&source=story_quote_linkhttp://money.cnn.com/quote/quote.html?symb=CVX&source=story_quote_linkhttp://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/385.html?source=story_f500_linkhttp://money.cnn.com/2011/10/13/news/economy/gasoline_cost_speculation/index.htm?iid=ELhttp://finance.fortune.cnn.com/2011/11/29/investigating-oil-100-barrel/?iid=ELhttp://money.cnn.com/2011/12/05/news/economy/gasoline_export/index.htm?hpt=hp_t1http://money.cnn.com/2011/12/01/markets/gas_prices_oil/index.htm?iid=ELhttp://money.cnn.com/quote/quote.html?symb=RDSA&source=story_quote_linkhttp://money.cnn.com/quote/quote.html?symb=XOM&source=story_quote_linkhttp://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/387.html?source=story_f500_linkhttp://money.cnn.com/quote/quote.html?symb=BP&source=story_quote_linkhttp://money.cnn.com/quote/quote.html?symb=CVX&source=story_quote_linkhttp://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/385.html?source=story_f500_linkhttp://money.cnn.com/2011/10/13/news/economy/gasoline_cost_speculation/index.htm?iid=ELhttp://finance.fortune.cnn.com/2011/11/29/investigating-oil-100-barrel/?iid=ELhttp://money.cnn.com/2011/12/05/news/economy/gasoline_export/index.htm?hpt=hp_t1


13/16

a. oil, gasoline and diesel

b. gasoline, diesel and jet fuel

c. diesel, gasoline and crude

d. jet fuel, kidney stone, gasoline

4. ............ reported that United States is on track this year to be a net exporter of

refined products for the first time in 62 years.

a. The Wall Street Magazine

b. The New York Times

c. The Wall Street Journal

d. The Time

5. ........... is the chief oil analyst at the Oil Price Information Service.

a. Royal Dutch

b. Tom Kloza

c. Jonathan Cogan

d. Mark Williams



1. America (use) ........... all the gas that produced in 1960.

Export

Industry

Ethanol

Refinery

Gasoline

Recession

Import

Product

Oil

Company

something that is produced by an industrial process.

a thick liquid that comes from under the Earth's surface.

the companies and activities involved in the process of producing goods for sale.

an organization which sells goods or services in order to make money

liqued fuel

a period when the economy of a country is not successful

to buy or bring in products from another country

a chemical compound which is a type of alcohol

to send goods to another country for sale:

a factory where raw substances such as oil or sugar are made pure


14/16

2. The Wall Street Journal(report) ............. the United States is on track this year to

be a net exporter of refined products for the first time in 62 years.

3. Mark Williams (be) ............. the global head of refining, trading and marketing for

Royal Dutch Shell.

4. Gas has (drop) ............ nearly 10% in recent years.

5. Kloza (caution) ............. against restrictions on exports of diesel or gasoline.

6. America (be) ............. imported much gasoline this year.


1. The United States is awash in gasoline.

2. The United States began exporting gas in late 2008.

3. The United States is still importing plenty of oil to make that diesel.

4. The ability to export oil is bad news for Shell and other oil companies like Exxon

Mobil (XOM, Fortune 500), BP (BP) and Chevron (CVX, Fortune 500).

5. Mark cautioned against restrictions on exports of diesel or gasoline, a move he

expects politicians to at least talk about in 2013.


1. Why gasoline is the new U.S. big export ?

2. How many barrels of gasoline that had imported by U.S. through four last years?

3. Where does U.S. exported their gasoline?

4. Why does Mark said that exporting diesel and other refined products is now

becoming much more common?

5. Shell and other oil companies have good news for their financial benefits, what is it?

ANSWER KEY

TEXT 1
http://money.cnn.com/quote/quote.html?symb=XOM&source=story_quote_linkhttp://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/387.html?source=story_f500_linkhttp://money.cnn.com/quote/quote.html?symb=BP&source=story_quote_linkhttp://money.cnn.com/quote/quote.html?symb=CVX&source=story_quote_linkhttp://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/385.html?source=story_f500_linkhttp://money.cnn.com/quote/quote.html?symb=XOM&source=story_quote_linkhttp://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/387.html?source=story_f500_linkhttp://money.cnn.com/quote/quote.html?symb=BP&source=story_quote_linkhttp://money.cnn.com/quote/quote.html?symb=CVX&source=story_quote_linkhttp://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/385.html?source=story_f500_link


15/16

A. C C B C D

B. J D B E G A I H C F

C. Cooperated; Bee; Is; Showed; Wants; Telling

D. T T F F T

E. 1. Because the issue of ABC showing the cattle condition in Australia

2. We are still recovering from the suspension of the trade so its pretty unwelcome

that its been announced

3. in year 2014

4. ABC is one of the media information or television or radio in Australia

5. A broadcaster ABC showed images of animals being kicked and mistreated ahead

of slaughter.

TEXT 2

A. B C C D B

B. G I E H F B A D C

C. Use; Is; Banks; Developed; Was; Predicted

D. T T F F T

E. 1. The U.S. stocks rise 490 points on Wednesday on news of the latest effort to prop

up Europe's banks.

2. Because they fail to balance the costs

3. To put more U.S. dollars in the hands of banks around the world

4. 2 years

5. Because of the U.S. is setting rates low for the rest of the developed world through

early 2013

TEXT 3

A. C A B C B

B. I C H J E F G A B D

C. Uses; Reported; Is; Dropped; Cautioned; HasD. T T F F F


16/16

E. 1. The country exported 430,000 more barrels of gasoline a day than it imported in

September, according to the U.S. Energy Information Administration.

2. 8.8 million barrels

3. Brazil, Mexico and Chile

4. Because when the oil is up, the gas is down

5. They can use their extensive and modern refineries in the United States to make

gasoline for the rest of the world

Documents

EBE Reading Material Development