资本收益

This article mainly discusses the transition of Chinese labor market based on the theory of property rights in order to find what are encumbering the market development , focusing on the decreasing cost of transaction of the labor market conformity .

在新贸易理论和新增长理论的框架下，贸易促进一国经济增长主要是通过国际分工的加深，动态比较优势所导致的人力资本的积累以及知识的跨国溢出而实现的，这些才是贸易使增长得到的动态收益。

John Raymond of CreditSights, a research firm, says investors used to like buying debt lower down banks' capital structure because they thought its higher yield overcompensated for a marginal increase in risk.

信用之光研究公司的约翰？雷蒙说，投资者以前喜欢购买会拉低银行资本结构的债券，因为他们认为债务所带来的高收益边际上能够补偿风险的增加。

Receipts reinstating is one of the three fundamental methods used in property valuation ,but using it needs to know the accurate capitalization rate.

收益还原法是房地产估价三种基本方法之一，但它的应用需要准确把握资本化率，这一直以来是个难题。

In current property valuation field,there is no operational and reliable way to determine the capitalization rate.This makes it difficult for the application of the receipts reinstating method.

目前国内房地产评估界尚无一个操作性、可靠性强的资本化率确定方法，这使得收益还原法无法作为一种主要的、独立的、可靠性强的估价方法得到应用，其实际应用与它的理论地位很不相符。

Some of this stock may be repurchased by the corporation.

对股东的分配限制在留存收益的数额和州公司法具体规定的其他资本之内。

Soon after, BZW was slimmed down to its core fixed-income operations, and renamed Barclays Capital.

不久，BZW 进行了精简，仅保留其核心的固定收益业务，并改名为巴克莱资本。

A bank with the capital and cojones to deal mortgage-backed securities issued by Fannie Mae or Freddie Mac can earn 10-15 times more than before the crisis.

拥有资本的银行可以处理房利美和房地美发行的抵押贷款证券，而收益却是危机前的10到15倍。

The inefficient marginal producer thus artificially kept in that line of production continues to tie up land, labor and capital that could much more profitably and efficiently be devoted to other uses.

同时，这样被人为保留在某一行业中的缺乏效率的边际生产者，也将因此继续占用着该行业生产中的土地、人力和资本，使这些资源不能被投入到其他收益更大、效率更高的地方。

Over the years, we've been Woody-like in our thinking, attempting to increase our marketable investments in wonderful businesses, while simultaneously trying to buy similar businesses in their entirety. The following table illustrates our progress on both fronts. In the tabulation, we show the marketable securities owned per share of Berkshire at ten-year intervals. A second column lists our per-share operating earnings (before taxes and purchase-price adjustments but after interest and corporate overhead) from all other activities. In other words, the second column shows what we earned excluding the dividends, interest and capital gains that we realized from investments. Purchase-price accounting adjustments are ignored for reasons we have explained at length in previous reports and which, as an act of mercy, we won't repeat. We'll be glad to send masochists the earlier explanations, however.

多年来，我们的看法一直与伍迪一致，在努力增加我们非凡企业的投资部位的同时，也试着买下一些同样优秀企业的全部所有权，下表充分显示了我们在这两方面的进展，表中列示出在十年间Berkshire每股所拥有的股票价值以及每股在扣除利息与营业费用之后来自其它活动的营业利益(但未扣除所得税与购买法会计调整数)，换言之，后者所代表的是在扣除我们从股票投资所得的股利、利息收入与资本利得之后的盈余收益，至于购买法会计调整数不列入的原因，在以前的年报中，我们已经花了相当的篇幅解释过了，在这个地方我们就不再重复了，当然如果你有被虐待的倾向的话，我们也不介意再复述一次。

As has been said that the disability of the CMS is ascribed to the imperfect management, and under the framework of supervisor game theory the factors that cause imperfect management lie in can be concluded as the following three points: the lack of the supervisor, the moral risk and the collusion of the medicals and the patients.

合作医疗不能吸引到足够多的农民参加是由于农民预期其参加合作医疗的收益小于成本，而造成这种预期的主要原因是&逆选择&、社会资本不足等问题的存在。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。