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If the U.S. was running a $.6 trillion current-account surplus, commentators worldwide would violently condemn our policy, viewing it as an extreme form of "mercantilism"– a long-discredited economic strategy under which countries fostered exports, discouraged imports, and piled up treasure. I would condemn such a policy as well. But, in effect if not in intent, the rest of the world is practicing mercantilism in respect to the U.S., an act made possible by our vast store of assets and our pristine credit history. Indeed, the world would never let any other country use a credit card denominated in its own currency to the insatiable extent we are employing ours. Presently, most foreign investors are sanguine: they may view us as spending junkies, but they know we are rich junkies as well.

换个角度来说，如果美国现在享有的是 6，000 亿美元的贸易顺差的话，其它国家一定会立刻跳出来谴责我们的贸易政策，将之视为重商主义，也就是长久以来，为人所垢病的鼓励出口，压抑进口，囤积财富的经济政策，我对这种做法也期期以为不可，但事实上就算不是有意的，目前世界上其它国家确实正对美国实行重商主义，觊谀我国丰厚的资产以及深厚的家底，确实除了美国以外，世界上再也没有其它国家可以享有几乎无上限的信用额度，截至目前为止，大部份的外国人还是相当乐观，他们认定我们是花钱如流水的败家子，而且是极其富有的败家子。

If the US was running a $.6 trillion current-account surplus, commentators worldwide would violently condemn our policy, viewing it as an extreme form of "mercantilism"– a long-discredited economic strategy under which countries fostered exports, discouraged imports, and piled up treasure. I would condemn such a policy as well. But, in effect if not in intent, the rest of the world is practicing mercantilism in respect to the US, an act made possible by our vast store of assets and our pristine credit history. Indeed, the world would never let any other country use a credit card denominated in its own currency to the insatiable extent we are employing ours. Presently, most foreign investors are sanguine: they may view us as spending junkies, but they know we are rich junkies as well.

换个角度来说，如果美国现在享有的是6000亿美元的贸易顺差的话，其他国家一定会立刻跳出来谴责我们的贸易政策，将之视为重商主义，也就是长久以来，为人所垢病的鼓励出口、压抑进口、囤积财富的经济政策，我对这种做法也期期以为不可，但事实上就算不是有意的，目前世界上其它国家确实正对美国实行重商主义，觊谀我国丰厚的资产以及深厚的家底，确实除了美国以外，世界上再也没有其它国家可以享有几乎无上限的信用额度，截至目前为止，大部份的外国人还是相当乐观，他们认定我们是花钱如流水的败家子，而且是极其富有的败家子。

Such a process includes the preparation of an initial stabilized peptized solution including a titanium precursor material, an organic solvent, an acid agent, the mixing of said initial solution with a large amount of water, the pH of the obtained intermediate solution being less then 3, subjecting said intermediate solution and its dispersion to a heat-treatment, the exchange of water by an organic solvent with low surface tension to obtain a final solution that is finally dispersed.

这样一种方法包括制备包含钛母体材料、有机溶剂、酸介质之开头的稳定化胶溶溶液，将此起始溶液同大量水混合，所得到中间溶液的pH小于3，使此中间溶液及其分散体系经受热处理，用低表面张力的有机溶剂更换水来获得末了加以分散的最终溶液。

One reason he can't bring himself to envision such a life with his lover is a grisly childhood memory, presented in flashback, of being taken at the age of eight by his father to see the body of a gay rancher who'd been tortured and beaten to death—a scene that prefigures the scene of Jack's death.

他无法展望和自己爱人在一起生活的一个原因是缘於他的一段可怕的童年记忆，影片以回忆的方式展开，八岁那年，他被父亲带去看一个受尽折磨然后被打死的同性恋农场工人的尸体----这段场景预示了jack死时的场景。

Apple prognosticating is such a popular pastime, in part, because Mr. Jobs has proved so adept at becoming a power broker in markets a Silicon Valley computer company -- once known as Apple Computer -- has no right to dominate. The iPod remains the top MP3 player, with more than 70% of the market, and Apple is now the top retailer of music in the nation, ahead of Wal-Mart Stores. Less than a year after entering the cellphone business with the iPhone, Apple became the second-largest provider of smart phones in the U.S.

之所以有这么多人对预测苹果未来的产品乐此不疲，部分原因在于乔伯斯让人看到了他高超的驾驭能力，成功地让一家硅谷电脑公司在其本来无权专美的多个市场中占据了领先地位。iPod仍是最主流的MP3播放器，占据70%以上的市场份额；苹果公司现在是美国最大的音乐零售商，超过了沃尔玛(Wal-Mart Stores)；推出iPhone进入手机市场不到一年时间，苹果公司就成为美国第二大智能手机供应商。

The next morning our guide was so ill, and his limbs swelled with the rankling of his two wounds, that he could go no farther; so we were obliged to take a new guide there, and go to Tholouse, where we found a warm climate, a fruitful pleasant country, and no snow, no wolves, or any thing like them; but when we told our story at Tholouse, they told us it was nothing but what was ordinary in the great forest at the foot of the Mountains, especially when the snow lay on the ground: But they enquired much what kind of a guide we had gotten, that would venture to bring us that way in such a severe season; and told us, it was very much we were not all devoured.

第二天早晨，我们的向导病了，他伤势加重，两处伤口化脓，四肢都肿了，不能往前带路了。我们只得在那里另外找了一个向导，把我们带到托罗斯（上引地图和词典均未见。译者注），我们发现那是一个气候温和，物产丰富，风景明媚的地方，还没有雪，没有狼，或其他这类家伙。当我们给那里的人讲述我们这段故事时，他们对我们说，在山脚下的大森林里，特别是当大地被雪覆盖的时候，狼这种事太平常了，一点儿也不稀罕。但他们多次问我们，我们雇的向导是何等样人，居然敢在这严冬季节带我们走这条路。

The next Morning our Guide was so ill, and his Limbs swell'd with the rankling of his two Wounds, that he could go no farther; so we were oblig'd to take a new Guide there, and go to Tholouse, where we found a warm Climate, a fruitful pleasant Country, and no Snow, no Wolves, or any Thing like them; but when we told our Story at Tholouse, they told us it was nothing but what was ordinary in the great Forest at the Foot of the Mountains, especially when the Snow lay on the Ground: But they enquir'd much what kind of a Guide we had gotten, that would venture to bring us that Way in such a severe Season; and told us, it was very much' we were not all devour'd.

我们只得雇了一个新向导，把我们带到土鲁斯。那儿气候温和，物产丰富，风景明媚，既没有雪，也没有狼或其他猛兽。当我们在土鲁斯把我们的经历告诉那些当地人时，他们对我们说，在山下大森林里，碰到狼是常事，尤其是当白雪覆盖大地，狼就成群出现。他们再三问我们，我们雇了哪个向导，竟敢在大雪天带我们走这条路。他们说，我们没有给狼吃掉，真是万幸！我们告诉他们，我们是把马围在中间，摆成一个三角形的阵势打退狼群的。他们听了后大大责怪了我们一阵子，说我们没有把命送掉，真是运气。

The next Morning our Guide was so ill, and his Limbs swell'd with the rankling of his two Wounds, that he could go no farther; so we were oblig'd to take a new Guide there, and go to Tholouse, where we found a warm Climate, a fruitful pleasant Country, and no Snow, no Wolves, or any Thing like them; but when we told our Story at Tholouse, they told us it was nothing but what was ordinary in the great Forest at the Foot of the Mountains, especially when the Snow lay on the Ground: But they enquir'd much what kind of a Guide we had gotten, that would venture to bring us that Way in such a severe Season; and told us, it was very much' we were not all devour'd.

第二天早晨，向导的病势加重了；他的两处伤口化脓，因而四肢都肿胀起来，根本无法上路。我们只得雇了一个新向导，把我们带到土鲁斯。那儿气候温和，物产丰富，风景明媚，既没有雪，也没有狼或其他猛兽。当我们在土鲁斯把我们的经历告诉那些当地人时，他们对我们说，在山下大森林里，碰到狼是常事，尤其是当白雪覆盖大地，狼就成群出现。他们再三问我们，我们雇了哪个向导，竟敢在大雪天带我们走这条路。

The next Morning our Guide was so ill, and his Limbs swell'd with the rankling of his two Wounds, that he could go no farther; so we were oblig'd to take a new Guide there, and go to Tholouse, where we found a warm Climate, a fruitful pleasant Country, and no Snow, no Wolves, or any Thing like them; but when we told our Story at Tholouse, they told us it was nothing but what was ordinary in the great Forest at the Foot of the Mountains, especially when the Snow lay on the Ground: But they enquir'd much what kind of a Guide we had gotten, that would venture to bring us that Way in such a severe Season; and told us, it was very much' we were not all devour'd.

来自：山东省聊城市《鲁滨逊漂流记》结尾告诉我们，鲁滨逊一生中最可怕的一次遇险是遭遇狼群。第二天早晨，向导的病势加重了；他的两处伤口化脓，因而四肢都肿胀起来，根本无法上路。我们只得雇了一个新向导，把我们带到土鲁斯。那儿气候温和，物产丰富，风景明媚，既没有雪，也没有狼或其他猛兽。当我们在土鲁斯把我们的经历告诉那些当地人时，他们对我们说，在山下大森林里，碰到狼是常事，尤其是当白雪覆盖大地，狼就成群出现。

Www.buffettism.com 巴菲特研究中心 Research Centre for Buffettism avoiding dumb decisions, rather than by making brilliant ones. Since September 11th, Ajit has been particularly busy. Among the policies we have written and retained entirely for our own account are (1)$578 million of property coverage for a South American refinery once a loss there exceeds $1 billion;(2)$1 billion of non-cancelable third-party liability coverage for losses arising from acts of terrorism at several large international airlines;(3)￡ 500 million of property coverage on a large North Sea oil platform, covering losses from terrorism and sabotage, above ￡600 million that the insured retained or reinsured elsewhere; and (4) significant coverage on the Sears Tower, including losses caused by terrorism, above a $500 million threshold. We have written many other jumbo risks as well, such as protection for the World Cup Soccer Tournament and the 2002 Winter Olympics. In all cases, however, we have attempted to avoid writing groups of policies from which losses might seriously aggregate.

In assessing the soundness of their reinsurance protection， insurers must therefore apply a stress test to all participants in the chain， and must contemplate a catastrophe 17 自从 911 事件发生之后，Ajit 就变得异常忙碌，在我们承接且全部自留在公司帐上的保单，主要有(1)南美洲炼油厂损失超过 10 亿美元以上的 5.78 亿美元意外险(2)数家国际航空公司 10 亿美元恐怖份子攻击事件不得撤销第三责任险(3)北海原油平台 5 亿英镑恐怖份子攻击及恶意破坏的产物意外险，以及超过 6 亿英镑以上业者自留或再保损失(4)芝加哥 Sears 大楼恐怖份子攻击事件超过 5 亿美元以上的损失等；此外我们也接了许多项超大型的意外险，例如世界杯足球赛以及 2002 年冬季奥运等，但不论是那一件个案，我们都尽量避免会发生连锁反应大量累积损失的保单，比如说，我们不会一口气接下位于同一个大都会的办公及住宅大楼大量的意外险，除非排除核子爆炸及后续可能引发的火灾损失。

Singer Leona Lewis and former Led Zeppelin guitarist Jimmy Page emerged as the bus transformed into a grass-covered carnival float, and the pair combined for a rendition of "Whole Lotta Love".

歌手leona刘易斯和前率领的飞艇的吉他手吉米页出现巴士转化为基层所涵盖的嘉年华花车，和一双合并为一移交&整个lotta爱&。

This is Kate, and that's Erin.

这是凯特，那个是爱朗。