再发生

To illustrate, the XYZ insurance company might have last year bought a policy obligating us to pay the first $1 billion of losses and loss adjustment expenses from events that happened in, say, 1995 and earlier years.

另外还有一个影响更大的因素，也是你在别的地方找不到的，那就是有些公司想要把过去发生但却不确定的损失解决掉，简单的说，有家 XYZ 保险公司在去年向我们买了一张保单，约定我们必须支付头 10 亿美元的损失再加上以前年度，比如说 1995 年后续的损失调整费用，这些合约的金额有可能相当大，当然不论如何，我们还是会定一个上限，我们在 2000 年签了几件这类的合约，到了 2001 年也会再签下几件。

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.

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。

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。

Bromo-2-sulfolene (2) reacted with substituted benzoic acid salt s 3a～3c or alizarin yellow (3d) to give four novel allylic substitution products 4a～4d by esterification reaction, respectively.

以3，4-二溴环戊砜(1)为原料，在无水吡啶作用下发生消除反应，得到反应中间体4-溴-2-环戊烯砜(2)，再分别与一系列取代苯甲酸盐3a～3c以及茜素黄GG(3d)发生酯化反应，合成出4种新环戊烯砜衍生物4a～4d，并用IR，1HNMR，MS，元素分析等表征了它们的结构。

Above the transformation temperature,the director softening mechanism is dynamic recovery at low strain rate of 0.001s~(-1),dynamic recrystallization is the primary softening mechanism at 0.01-10s~(-1),and the recrystal grain generated priority at the cross point and grain boundary.

应变速率0.01-10s~(-1)变形时发生了动态再结晶以及部分α相球化，其中α相的再结晶主要与亚晶的形成、转动和聚合成核有关。

The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: defaults on or non-renewal of leases by tenants or renewal at lower-than-expected rent or failure to lease at all or on favorable terms, decreases in real estate values and impairment losses, increased interest rates and operating costs or greater-than-expected capital expenditures, our failure to obtain, renew or extend necessary financing, re-financing risks, risks related to our obligations in the event of certain defaults under co-investment ventures and other debt, risks related to debt and equity security financings, difficulties in identifying properties to acquire and in effecting acquisitions, our failure to successfully integrate acquired properties and operations, our failure to divest properties we have contracted to sell or to timely reinvest proceeds from any divestitures, our failure to contribute properties to our co-investment ventures, risks and uncertainties affecting property development, value-added conversions, redevelopment and construction (including construction delays, cost overruns, our inability to obtain necessary permits and public opposition to these activities), our failure to qualify and maintain our status as a real estate investment trust, risks related to our tax structuring, failure to maintain our current credit agency ratings or to comply with our debt covenants, environmental uncertainties, risks related to natural disasters, financial market fluctuations, changes in general economic conditions, global trade or in the real estate sector, inflation risks, changes in real estate and zoning laws, a continued or prolonged downturn in the U.S., California or global economy, risks related to doing business internationally and global expansion, risks of opening offices globally, risks of changing personnel and roles, losses in excess of our insurance coverage, unknown liabilities acquired in connection with acquired properties or otherwise and increases in real property tax rates.

以下因素可能会导致实际结果和未来事件与前瞻性陈述产生重大出入：承租人拖欠租金或者不续租；利率以及经营成本的提高；我们未能获得必要的外部融资；再融资的风险；与合资项目和其它债务发生特定违约时我方承担的义务有关的风险；与债务和股权融资有关的风险；确定拟收购的物业以及完成收购过程中遇到的困难；我们未能成功整合收购的物业和业务；我们未能剥离已经签约出售的物业或未能及时将剥离带来的收益再投资；影响物业开发和建设的风险和不确定性（包括建设延期、费用超支、我们无法获得项目建设所需的必要批准以及公众对项目开发建设的反对等）；我们无法获得或者维持作为房地产投资信托公司的资质；与我们的税收策划有关的风险；无法保持我们目前的信用评级；环保方面的不确定性；与自然灾害有关的风险；金融市场的波动；整体经济状况或者房地产业的变化；房地产和城市规划法律的调整；美国、加利福尼亚州或者全球经济的衰退；与开展国际业务和全球扩张有关的风险；保险范围之外的损失；与被收购的物业有关的或者其它未知责任以及房地产税率的提高等。我们的成功还依赖于总体经济走向，包括利率、所得税法、政府监管、立法、人口总数变化以及我们在10-K表中作的截至2009年12月31日的季度报告中&风险因素&和其它标题项下阐述的其它问题。

The application of the alloy that can effectively reduce the release of hydrogen, the special technique in manufacturing grid, and the appropriate match of active materials of both negative plates and positive plates, all these enable spiral valve-regulated sealed lead-acid battery, greatly restrain the release of hydrogen from negative plates, at the same time the generated oxygen, due to overcharge of positive plates, arrive at negative plates through the diaphragm and compose with lead in the negative, thus enable the recombination of gas inside of the battery and prevent the case of water loss so that water addition is free.

双登卷绕式阀控密封铅酸蓄电池通过采用具有极高析氢过电位的合金通过特殊工艺制造板栅，同时对正负极活性物质量的合理匹配等工艺措施，使得负极上发生的析氢过程得以最大限度地受到抑制，同时正极因过充电所产生的氧气通过隔膜到达负极，并与负极上的铅发生反应，生成水，这样便使得电池内部气体的再复合，防止失水，实现免维护。

The application of the alloy that can effectively reduce the release of hydrogen, the special technique in manufacturing grid, and the appropriate match of active materials of both negative plates and positive plates, all these enable spiral valve-regulated sealed lead-acid battery, greatly restrain the release of hydrogen from negative plates, at the same time the generated oxygen, due to overcharge of positive plates, arrive at negative plates through the diaphragm and compose with lead in the negative, thus enable the recombination of gas inside of the battery and prevent the case of water loss so that water addition is free.

卷绕式阀控密封铅酸蓄电池通过采用具有极高析氢过电位的合金通过特殊工艺制造板栅，同时对正负极活性物质量的合理匹配等工艺措施，使得负极上发生的析氢过程得以最大限度地受到抑制，同时正极因过充电所产生的氧气通过隔膜到达负极，并与负极上的铅发生反应，生成水，这样便使得电池内部气体的再复合，防止失水，实现免维护。

The application of the alloy that can effectively reduce the release of hydrogen, the special technique in manufacturing grid, and the appropriate match of active materials of both negative plates and positive plates, all these enable spiral valve-regulated sealed lead-acid battery, greatly restrain the release of hydrogen from negative plates, at the same time the generated oxygen, due to overcharge of positive plates, arrive at negative plates through the diaphragm and compose with lead in the negative, thus enable the recombination of gas inside of the battery and prevent the case of water loss so that water addition is free.

选择特点：有较高的放电电压曲线，使用环境宽松，能完全释放能量，适用于1min以内的支撑时间，与GCplus15配合使用，可保障变频器恒定的直流电压。卷绕式阀控密封铅酸蓄电池通过采用具有极高析氢过电位的合金通过特殊工艺制造板栅，同时对正负极活性物质量的合理匹配等工艺措施，使得负极上发生的析氢过程得以最大限度地受到抑制，同时正极因过充电所产生的氧气通过隔膜到达负极，并与负极上的铅发生反应，生成水，这样便使得电池内部气体的再复合，防止失水，实现免维护。

The application of the alloy that can effectively reduce the release of hydrogen, the special technique in manufacturing grid, and the appropriate match of active materials of both negative plates and positive plates, all these enable spiral valve-regulated sealed lead-acid battery , greatly restrain the release of hydrogen from negative plates, at the same time the generated oxygen, due to overcharge of positive plates, arrive at negative plates through the diaphragm and compose with lead in the negative, thus enable the recombination of gas inside of the battery and prevent the case of water loss so that water addition is free.

外型尺寸参考具体型号产品认证 ISO9001，CE，UL卷绕式阀控密封铅酸蓄电池通过采用具有极高析氢过电位的合金通过特殊工艺制造板栅，同时对正负极活性物质量的合理匹配等工艺措施，使得负极上发生的析氢过程得以最大限度地受到抑制，同时正极因过充电所产生的氧气通过隔膜到达负极，并与负极上的铅发生反应，生成水，这样便使得电池内部气体的再复合，防止失水，实现免维护。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。