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Derivatives also create a daisy-chain risk that is akin to the risk run by insurers or reinsurers that lay off much of their business with others. In both cases, huge receivables from many counterparties tend to build up over time.(At Gen Re Securities, we still have $6.5 billion of receivables, though we've been in a liquidation mode for nearly a year.) A participant may see himself as prudent, believing his large credit exposures to be diversified and therefore not dangerous. Under certain circumstances, though, an exogenous event that causes the receivable from Company A to go bad will also affect those from Companies B through Z. History teaches us that a crisis often causes problems to correlate in a manner undreamed of in more tranquil times.

衍生性金融商品交易也有可能造成骨牌效应的风险,这是因为许多保险业及再保业者习惯将风险分散给其它保险公司,在这类的情况下,钜额的应收款项将随着交易对象的日趋复杂而持续累积,(以通用再保证券来说,虽然已经经过将近一年的清算期,目前仍有高达65亿美元的应收款项流通在外),交易的一方或许对于自己相当有信心,认为其钜额的信用风险已经经过适度的分散,因此不会发生任何危险,只有等到某种特殊状况下,一个外部事件导致 A 公司的应收帐款发生问题,从而影响 B 公司,乃至于一路到 Z 公司,历史教训告诉我们危机的发生往往是我们在太平盛世时所梦想不到一连串问题串连所导致的。

The need to meet this demand can then throw the company into a liquidity crisis that may, in some cases, trigger still more downgrades. It all becomes a spiral that can lead to a corporate meltdown. Derivatives also create a daisy-chain risk that is akin to the risk run by insurers or reinsurers that lay off much of their business with others. In both cases, huge receivables from many counterparties tend to build up over time.(At Gen Re Securities, we still have $6.5 billion of receivables, though we've been in a liquidation mode for nearly a year.) A participant may see himself as prudent, believing his large credit exposures to be diversified and therefore not dangerous. Under certain circumstances, though, an exogenous event that causes the receivable from Company A to go bad will also affect those from Companies B through Z. History teaches us that a crisis often causes problems to correlate in a manner undreamed of in more tranquil times.

衍生性金融商品交易也有可能造成骨牌效应的风险,这是因为许多保险业及再保业者习惯将风险分散给其它保险公司,在这类的情况下,钜额的应收款项将随着交易对象的日趋复杂而持续累积,(以通用再保证券来说,虽然已经经过将近一年的清算期,目前仍有高达 65 亿美元的应收款项流通在外),交易的一方或许对于自己相当有信心,认为其钜额的信用风险已经经过适度的分散,因此不会发生任何危险,只有等到某种特殊状况下,一个外部事件导致 A 公司的应收帐款发生问题,从而影响 B 公司,乃至于一路到 Z 公司,历史教训告诉我们危机的发生往往是我们在太平盛世时所梦想不到一连串问题串连所导致的。

As for the door picture buggy and to be chummy at the pub where the storekeeper of the gorilla is The liquor drinking together, the picture Defeat of white self-depreciation knows in the entire world to cross,~ name of the new brown self-depreciation where the island and the like which is one after another in white self-depreciation affiliation is attacked one after another you forgot and of war it can substitute to the rookies who full particulars were seen, however - the person Mafia and others which monkey original naval is pulled calls and at a time one word only the bogie and fortune-telling is remembered to the respective new world searching if it is not, to forecast the fellow where everything starts deviating with consequence of the bogie fellow and strangely the saddle which is not forecast and death probability of the wheat straw without becoming, 0 per the name whether (it is to the respective new world of, has appeared) withIt returns to and which has been made to pursue to the snake to the place where the low/row which obtains remedy comes out of the cabin confluence furthermore after king confluence way physical strength circumstance of my seven military affairs seas are not deprived, if your own island safe should have been It starts the boat facing toward It becomes which continues Magellan who receives the report of state of imperial from the soldier dying heavily points to the murder being agreeable to the people of body level 6 pulls 4 it survives and accompanies and but when information of the black self-depreciation which escapes as for the corpse at of level 6 hiding at the pattern place where some people escape few, the people who is not the ginger escape to the country and are packed it collates the arrangement book in the entire world where that country falls to crisis and the rose spreads when it is, but the soldier…That points applying the final coating the shame above this is distributes the arrangement book in order from government even what!!!!!!!!!!!

关于门图片儿童车和是亲密的在大猩猩保管员的客栈一起喝的酒,白色自我低估图片失败在全世界知道横渡,海岛等等逐个在白色自我低估加入逐个被攻击您忘记新的棕色自我低估的~名字,并且战争它可能替代对充分的特殊性被看见,然而-的缺乏经验的运动员胡闹原始海军是被拉扯的电话的人黑手党和其他,并且每次一个词仅来路不明的飞机和时运告诉记住对各自新世界搜寻如果它不是,展望一切开始偏离与来路不明的飞机家伙和奇怪地马鞍的后果没有展望和麦子秸杆死亡可能性不此外被做追求到蛇到地方低落或行获得补救在的成为的家伙, 0每个名字是否(它是对各自新的世界,出现)时髦的回归到,并且国王合流方式体力情况从客舱合流出来我的七军事海没有被剥夺,如果您自己的海岛保险柜应该是它开始小船饰面往继续Magellan从沉重死的战士收到状态报告皇家指向是的谋杀愉快的对身体第6级拉扯4的人民它生存并且伴随和,但是的它成为,当逃脱如为尸体在掩藏在样式黑自我低估的信息时第6级某些人民逃脱少数的地方,不是姜逃命到国家和被包装它的人民校对在那个国家下跌对危机的全世界的安排书并且玫瑰传播,当它是时,但是那的战士…指向应用在此之上的羞辱是分布安排书按顺序从政府的最后的涂层甚而什麼!!!!!!!!!!!

The latter three strategies are new and also the paper's three innovative points. First of all, appeal the law to prohibit reversed payment, unify this with the BOLAR exception, and promote the drugs into the market as soon as possible. Secondly, put the public health, medicine patent and the IPRs protection of traditional knowledge and the genetic resources together. Through giving the traditional knowledge and the genetic resources IPRs protection to treat the developed countries' medicine patents, they can settle the public health crisis. Finally, the legal mechanism of Prior Consent is a new strategy that Brazil proposed for the purpose of protecting the public health, which divides the examination of patent applications for pharmaceutical products and processes between two federal agencies, National Institute of Intellectual Property and National Sanitary Supervision Agency. ANVISA has the obligation to render the final decision, granting or denying a patent.

其中前四种措施是国际社会上一直以来倡导的主要措施,后三种是新的解决公共健康危机的法律措施,其创新点在于:第一,呼吁将禁止反向支付纳入法律,并与BOLAR例外相结合使用,促进仿制药品的尽快上市;第二,将公共健康、医药品专利以及传统知识和遗传资源的知识产权保护三者紧密相连,通过对传统知识和遗传资源予以知识产权保护来应对发达国家的医药品专利;第三,&事先同意&法律制度是巴西提出的一种旨在保护公共健康,应对医药专利的新的法律制度,该制度规定凡是涉及医药品专利的申请都必须经过国家知识产权局和国家公共卫生监督局的公共审查,并且国家公共卫生监督局有是否授予专利的最终决定权。

But, it has to be admitted that economic globalization is also a sharp double-edged sword. It does bring good benefit to global economy and does make it more energetic and stimulating its development. Meanwhile, it also brings the unbalance of economic development and enlarge the distance of the rich and poor, which results in series of destroyable economic events, such as the frequent occurrence of international financial crisis, the unequal trade terms and rules which deteriorates the trade of developing countries and the characteristics of profit-oriented, monopoly and robbery of international enterprises which brings overall destroy to most developing countries.

然而,必须承认,经济全球化是一把锋利的双刃剑,它在给世界经济带来一定活力、促进全球经济增长的同时,也带来经济上的不平等和贫富悬殊的不断加剧,导致了一系列破坏性的经济事件的发生,如国际金融危机的频繁发生,现存的不平等贸易制度和规则使发展中国家的贸易条件更加恶化,跨国公司的趋利性、垄断性和掠夺性给广大发展中国家带来全面的破坏性等等。

Produced in association with MediaStorm , the project spans 12 months of global crisis: a year marked by battered stock markets, eroded currencies, eye-watering government bailouts, mergers of once-mighty firms, frozen projects, vaporised jobs and businesses, homes lost, lives ruined and confidence destroyed.

在路透社和媒体风暴多媒体公司的合作下,此次报道贯穿全球金融危机的12个月。这一年标志着股票市场的崩溃,货币的巨变,政府救援计划的不尽人意,往昔强大公司的合并,项目的冻结,就业机会的消失,商业和房产的丧失,对生活的破坏和信心的打击。

The sources of this increase in net saving included rapid growth in high-saving East Asian countries and, outside of China, reduced investment rates in that region; large buildups in foreign exchange reserves in a number of emerging markets; and the enormous increases in the revenues received by exporters of oil and other commodities.

伯南克在讲话中说,新兴市场的经济体净储蓄供给的显著增长导致了美国房产市场繁荣,以及更广泛地说,即次贷危机的爆发。这个净储蓄增加的来源包括:高存款的东亚国家、以及中国之外经济快速增长;一些新兴市场上外汇储备的高积累;石油出口和其他商品出口国家巨大的收入增长。

Questions about the government's management of the crisis have also persisted, including disinformation and censorship in news media, repressions of journalists who rushed to Beslan, the nature and content of negotiations with the militants, the responsibility for the bloody outcome, and the government's use of possibly excessive force.

关于政府对这次危机的应对也遭到了质疑,包括故意的假情报和媒体消息的审查制度,对赶到比斯兰记者的限制,与激进分子谈判的方式和内容,屠杀结局的责任以及政府使用可能过度的武装力量。

Let's sum up the experience of their ancestors in the global financial crisis was also reflected in one: When the stock, bond, agricultural products (15.93,-0.57,-3.45%, right), metals, energy Yixieqianli, but Gold or not the anti-up, and other things and then drop the more serious when the higher gold on the rise, although the "currency war" there are a lot of controversy, but the author also put forward a very troubling subject people - in the note before Gold has always been recognized as the world's hedge the last choice, after the collapse of national gold standard through a variety of monetary and material readiness to carry out risk reserves, and individuals can not repair a crude oil storage keep it?

让我们加快他们的祖先在全球金融危机的经验总结也反映在1:当股票,债券,(15.93,-0.57,-3.45%,农产品右),金属,能源Yixieqianli,但黄金或不反了,和其他的东西,然后下降,更严重时,社会上越来越高的黄金,虽然&货币战争&有许多争议,但作者还提出了一个非常令人不安的问题的人-前的说明黄金一直被公认为世界上的对冲后,国家黄金标准通过金钱和物质准备各种崩溃最后的选择,进行风险准备金,个人不能修复的原油储存保持下去吗?

Through a systematic outlining and description of the phenomenon that most characters in the narrative works of Musil are without full names, the paper considers that names in the literary works of Musil are of striking implication and the incomplete form of names suggests the demonstration of the mental crisis of characters. In his creations in the late stage, Musil highlighted spiritual exploration, strongly advocated criticizing reality and thought of the possibility to replace the then reality.

通过对穆齐尔的叙事作品里人物多数没有完整的姓名这一不被关注的现象的系统梳理,认为人名在穆齐尔的文学作品里有着非同寻常的意义,而姓名的残缺意味着人物心灵危机的凸现;穆齐尔在其后期创作中着重于精神探索,力主批判现实,并省思取代当下现实的可能性。

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