Breaking News English

A British firm has [developing / developed] a new product to help us save money. The product is a wristband that [gives / given] us an electric shock if we spend too [much / many] money. The wristband is called Pavlok. It is linked to our bank account. It knows [how / what] much money we have in the bank. If we go shopping and there is [not / aren't] enough money in our bank account, the wristband delivers a 255-volt electric shock to our [writs / wrist] . This warns us not to overspend. The company is called Intelligent Environments. It wants [to / for] work with banks to help customers [with / within] their money. So far, no banks in Britain have said they would [giving / offer] the Pavlok to their customers. They could start doing this in [the / a] future.

The Pavlok wristband is [party / part] of the Internet of Things. This is the idea that everything in our life will [be / being] connected to the Internet. The CEO of Intelligent Environments, David Webber, said people [likened / liked] the idea of the Pavlok. Shoppers would rather get a small [electronic / electric] shock in the store from the wristband than get a big shock [lately / later] when they see their credit card [bill / bell] . Mr Webber said the Pavlok would be [greet / great] for people who cannot stop spending because they have no willpower or their willpower is [weak / weakness] . He added that many young people suffer from the "ostrich effect". This is when people [stick / adhere] their heads in the sand and buy things rather [for / than] look at how much money they have in their bank.