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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。

From one Shrove Tuesday to another, much may occur to weigh down the heart; it is the reckoning of a whole year; much may be forgotten, sins against heaven in word and thought, sins against our neighbor, and against our own conscience.

从头年的圣烛节①到第二年的圣烛节,心里记载着的事情可是不少——一年所发生的事情,有许多已经被忘记了,比如对上帝、对我们的邻居和对我们自己的良心,在言语上和思想上所作过的罪恶行为。我们想不到这些事情,安妮·莉斯贝也没有想到这些事情。

One of the wine regions to have developed this century is just eight degrees south of the equator, in northern Brazil, in what is, basically, tropical desert where vines would be expected to stand no chance but, thanks to cunningly timed irrigation from the nearby S?o Francisco river, are tricked into two full growing seasons a year, thereby halving production costs per bottle.

本世纪已经开发出的葡萄酒产区之一就位于南纬8度巴西北部,在这片基本上属于热带的沙漠里,人们想不到葡萄在那里有生存的希望,但来自附近圣弗朗西斯科河定时的灌溉,使得这里每年有两个完整的葡萄生长季节,这令每瓶葡萄酒的成本降低了一半。

But that did not altogether press meso much as the possibility that there might be yet some livingcreature on board, whose life I might not only save, but might, bysaving that life, comfort my own to the last degree; and thisthought clung so to my heart that I could not be quiet night orday, but I must venture out in my boat on board this wreck; andcommitting the rest to God's providence, I thought the impressionwas so strong upon my mind that it could not be resisted - that itmust come from some invisible direction, and that I should bewanting to myself if I did not go.

我上面说了,我的样子狰狞可怕;我的仆人星期五远远地跟在我后面,也是全副武装,样子像我一样可怕,但比我稍好一些,不像我那样,像个怪物。我悄悄走近他们,还没等到他们看见我,我就抢先用西班牙语向他们喊道:"先生们,你们是什么人?"一听到喊声,他们吃了一惊,可一看到我的那副怪模样,更是惊恐万分,连话都说不出来了。我见他们要逃跑的样子,就用英语对他们说:"先生们,别害怕。也许,你们想不到,在你们眼前的人,正是你们的朋友呢!""他一定是天上派下来的,"其中一个说,并脱帽向我致礼,神情十分认真。

Its appearance remains recognisably common with an antecedent now several generations removed, but the radar and associated mission system of the new E-2D Advanced Hawkeye will offer functionality and performance undreamt of when the original Hawkeye made its debut.

它的出现现在依然是可认识地与前事的共同性被去除的几个世代,但是新的E-2D先进的Hawkeye的雷达和联系的任务系统将提供功能和表现梦想不到,当原始的Hawkeye做了它的首演。

Many years later, Einstein's profound theory is unexpectedly frequently used. On the way to London airport, I saw a building named E=MC2. There is also an overbridge on the newly-built information highway in Beijing with the name of E=MC2. I have a neighbor who is fond of buying cheap goods, repairing them after damages. There are all kinds of tools in her family. One day, I found she bought a batch of cheap folding chairs even with E=MC2 imprinted on them.

想不到爱因斯坦研究的高深理论,若干年后却被人频频引用:我从伦敦去机场的路上看到一座大楼名字叫E=MC2;北京新建的传媒大道有一座过街天桥的名字也叫E=MC2;我家有户邻居,总喜欢买最便宜的东西,坏了以后全家动手修理,所有的工具她家都齐全,有一天,我发现她家买了一批便宜的折叠椅,椅子上面居然全印着E=MC2。

I am thinking if there is a way to part myself,to seperate me from one into two or more than two,cause i find it so unfull living a life in such a unchanged way,and also makes me sick each time i stucked in some have-to-do task.

有些声音很容易把我带到那些无法复制的岁月,过往的岁月象一摊流水不经意的从那不知名的源头涌出来,只是想不到流的如此安静缓慢的流水为什么无论用多大力气都档不住它的步伐。

Supper later on the whole family gather together to watch a television, the scene of the side chat is a time in school to usually remind of, the news syndication, the NBA is live is our favourite in school, I watch a television have really and have no idea what bad place, but want to hold to like a degree, can't let to watch the main contents that the television become our life, remember, watch a means that the television just obtain an information!

晚饭过后全家集在一起看电视,边聊天的情景是在学校的时候常常想起的,新闻联播,NBA直播是我们在学校的最爱,我真的想不到看电视有什么坏处,但要把握好一个度,不能让看电视成为我们生活的主要内容,记住,看电视只是获取信息的一个手段

Do not have what money makes like our common people in bag that can regard as self , do not fit in with but again to thinking of in the depths, I am afraid that you do not also know that what, I want to speak such that being, our every right ought to have eating pork braised in brown sauce, these right is in any case sometimes but imperceptible not have known the clear people does not know with regard to knowing , not knowing such that only talking about.

我们的常人一般会认为自己的口袋里没有钱所制的,但是再适应往深里想,恐怕你也想不到什么了,我想说得是,我们每一个都应该有吃红烧肉的权利,可是往往这些权利却不知不觉的没有了,明白了没有,明白的人就说明白,不明白得就说不明白。

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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。

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