去年

According to the latest Quarterly Bulletin Fund III shows that the third quarter of the size of asset management fund to shrink once again, at present only 1.83 trillion yuan, which fourth quarter of last year's 3.2 trillion yuan compared to shrink the four are also the third quarter of last year, asset size of fund management since the first time fell below 2 trillion yuan.

根据最新的三季报显示，基金的资产管理基金规模第三季度再次萎缩，目前只有18300.00亿元，其中第四去年32000.0亿元季相比缩小四个也是去年第三季度，基金管理资产规模以来首次跌破2万亿元。

In this process, there are happy things, of course also sad things, such as Olympic Games of Beijing last year, this is a very very happy and chesty thing for China last year, but The May. 12th earthquake in Wengchuan give us teen and grief!

在这个成长与发展的过程中，有开心的，当然也会有伤心的，像去年的奥运会，这是去年中国最值得开心与骄傲的事，然而5.12汶川地震却给我们伤心与悲痛！

John Ringwalt's homestate operation now consists of five companies, with Kansas Fire and Casualty Company becoming operational late in 1977 under the direction of Floyd Taylor. The homestate companies had net premium volume of $23 million, up from $5.5 million just three years ago. All four companies that operated throughout the year achieved combined ratios below 100, with Cornhusker Casualty Company, at 93.8, the leader. In addition to actively supervising the other four homestate operations, John Ringwalt manages the operations of Cornhusker which has recorded combined ratios below 100 in six of its seven full years of existence and, from a standing start in 1970, has grown to be one of the leading insurance companies operating in Nebraska utilizing the conventional independent agency system. Lakeland Fire and Casualty Company, managed by Jim Stodolka, was the winner of the Chairman's Cup in 1977 for achieving the lowest loss ratio among the homestate companies. All in all, the homestate operation continues to make excellent progress.

John Ringwalt 负责的 Homestate 业务旗下主要包含五家公司，其中堪萨斯火险在 Floyd Taylor 筹备下于1977年底正式营运， Homestate 1977年的保费净收入达到2，300万美元，三年前不过只有550万美元，其余四家的年度综合比率都低于100，其中 Cornhusker 甚至只有93.8， John 在努力管理其它四家公司的同时，更让 Cornhusker 过去七年有六年的综合比率低于100，从1970年正式营运以来，该公司已顺利成为内布拉斯加州传统独立经纪系统的领导业者，至于由 Jim Stodolka 带领的 Lakeland 火险则荣获1977年主席杯的头衔，因为去年该公司的综合比率最低，总的来说， Homestate 集团的营运在去年大有进展。

John Ringwalt's homestate operation now consists of five companies, with Kansas Fire and Casualty Company becoming operational late in 1977 under the direction of Floyd Taylor. The homestate companies had net premium volume of $23 million, up from $5.5 million just three years ago. All four companies that operated throughout the year achieved combined ratios below 100, with Cornhusker Casualty Company, at 93.8, the leader. In addition to actively supervising the other four homestate operations, John Ringwalt manages the operations of Cornhusker which has recorded combined ratios below 100 in six of its seven full years of existence and, from a standing start in 1970, has grown to be one of the leading insurance companies operating in Nebraska utilizing the conventional independent agency system. Lakeland Fire and Casualty Company, managed by Jim Stodolka, was the winner of the Chairman's Cup in 1977 for achieving the lowestloss ratio among the homestate companies. All in all, the homestate operation continues to make excellent progress.

John Ringwalt负责的Homestate业务旗下主要包含五家公司，其中堪萨斯火险在Floyd Taylor筹备下于1977年底正式营运，Homestate 1977年的保费净收入达到2，300万美元，三年前不过只有550万美元，其余四家的年度综合比率都低于100，其中Cornhusker甚至只有93.8，John在努力管理其它四家公司的同时，更让Cornhusker过去七年有六年的综合比率低于100，从1970年正式营运以来，该公司已顺利成为内布拉斯加州传统独立经纪系统的领导业者，至于由Jim Stodolka带领的Lakeland火险则荣获1977年主席杯的头衔，因为去年该公司的综合比率最低，总的来说，Homestate集团的营运在去年大有进展。

It was all cut and dried - the same old speakers saying the same things they said last year.

讲话的人就是去年讲话的人。他们讲的话也跟去年一样。

We think last year's 10.5% growth rate was supported by the inventory cycle in the US and Europe and expect the higher base to dent this year's growth rate.

我们认为，去年亚洲的出口之所以实现了10.5%的较快增长，美国和欧洲的存货周期处于上升阶段是一个重要原因，但去年的高增长也抬高了今年的基数，今年的出口增长率会因此受到影响。

And, even at his best, Sanchez is not considered in the prospect class of Hughes, who was so good at Double-A last year that he never even faced a bases-loaded situation.

不过就算调整到最佳状态， Sanchez还是无法和Hughes相提并论， Hughes去年在2A的表现惊人到他甚至不曾面对过满垒的局面， Hughes的投手教练Dave Eiland形容Hughes在2A的表现就像是"大人打小孩"一样，总结去年的表现， Hughes的数据为12胜6败，防御率2.15，总投球局数146又1/3局，只被击出92支安打，投出34个保送，三振对手168人次，在2A的季后赛中，他更在6局的投球中就送出了13次三振

Statistics show that 38-year-old Jean Dujardin, now only starred in last year's "Rio Spy Shadow" and "Lucky Star Luke," two films, puts 4.4 million euros in the bag and the French last year, the highest income movie actor.

统计数字显示，现年38岁的让·迪雅尔丹去年只主演了《里约谍影》和《幸运星卢克》两部影片，却将440万欧元收入囊中，是法国去年收入最高的电影演员。

"It's because when they fly half their cargo space is empty," says an air freight cargo staff with the Shanghai branch of Cathay Pacific.

"因为他们的飞机在空中飞的时候，有一半的货仓是空的。"国泰航空公司上海货运部一名工作人员这样说。"货运业最重要的是载运率。空飞机怎么赚钱？"他表示国泰航空去年的货邮平均载运率为67％，新加坡航空为63.6％，大韩航空为74％，而国货航和中货航则只有54.5％和53.35％。十多个百分点的差距，就是盈利和亏损的分水岭。以中货航65.97％的收支平衡载运率来算，中货航去年77万吨货邮的载运量，距离收支平衡共差上10多万吨货物。

In the previous year, only 18% of Germen viewed China very dangerous, but now, the figure is nearly doubled, at 35%.

德国有35%的人视中国为最大威胁，比去年的18%成长了近两倍。英国有27%的人把中国当成最大威胁，去年则只有16%。

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。