This issue focuses on governmental projects that go across the educational spectrum from primary level to higher education. Subjects covered include: Cambridge English’s growing impact on English language teaching and learning in national education projects; General English examinations – the case of Germany; the adoption of international certification in the French state school sector; Cambridge English and Spanish school networks; the use of Cambridge English: Business Certificates as a measurement instrument in higher education in China; Cambridge English trains Thai teachers; Colombia national bilingual project; working together – the case of the English Diagnostic Test and the Chilean Ministry of Education.
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An extended bull market can tempt even the savviest investors into abandoning their long-term discipline. Resisting the impulse to switch horses in the middle of the race is hard, but necessary—the most important trait of successful investors is their ability to maintain discipline in sticking to a long-term strategy during good times and bad. Diversified portfolios—structured to earn returns comparable to their rate of spending at tolerable levels of risk—have benefitted long-term investors and grown their purchasing power for decades, and we have no reason to expect a different outcome when today’s bull market inevitably corrects.