The economy in the news (la tasa, la reforma, la banca)

Familiar words, news meanings

You have already met these words with another meaning. In the news they usually mean something else.

you knowin the news
la tasa the feela tasa the rate
la reforma the renovationla reforma the reform
regular so-soregular to regulate
la escala the layoverla escala the scale
retirarse to retreatretirarse to retire, to withdraw

La banca is banking, the banks as a whole. (In a casino it is also the house: la banca siempre gana.)

My father worked in banking all his life.
Mi padre trabajó en la banca toda su vida.

You pay a tasa at an office, but a tasa de paro goes up and down:

The unemployment rate has gone down this year.
La tasa de paro ha bajado este año.

A reforma at home brings builders; a reforma in parliament is passed or protested:

The government has passed the reform this week.
El Gobierno ha aprobado la reforma esta semana.

Regular as a verb conjugates and takes an object (regula, regulan), so it is easy to tell from regular 'so-so':

A new law regulates the price of rent.
Una nueva ley regula el precio del alquiler.

Going down, and roughly how much

Descender is usually a more formal bajar. Figures, prices and planes descend:

The plane has already started to descend.
El avión ya ha empezado a descender.

En torno a gives an approximate number. With el it contracts to en torno al:

The inflation rate is around 3%.
La tasa de inflación está en torno al 3 %.

It also means 'around' a topic:

The debate revolves around the reform.
El debate gira en torno a la reforma.

Retiring

Retirarse is what athletes and politicians do. For an ordinary job at pension age, Spaniards usually say jubilarse:

The politician retired after the elections.
El político se retiró después de las elecciones.
My favorite footballer is retiring this year.
Mi futbolista favorito se retira este año.

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