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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。

Based on this constraint, the essay reinterprets the practical rea-sonableness of legislative policies of the Standing Committee of the National People's Congress which have been widely criticized by the legal scholars,and claims that those policies were the rational choices by China's legis-lators under all kinds of actual constraints.

从这一约束条件出发,本文重新解释了为法学界所广泛批评的全国人大常委会诸多立法政策的实践合理性,并认为这些立法政策是中国立法者在各种现实的约束条件下所做出的理性的或近乎理性的选择。

This study also has developed five empirical models of Taiwan's import policies on rice, banana, pear, apple and beef, which are on behalf of the stages of market access in agricultural market, to find the economic effects. By examining the political marginal weights of various interest groups, we find out the government's preference of differentiated speed strategies on import policies of different products.

本研究选择稻米、香蕉、梨、苹果及牛肉等5项具阶段代表性农产品,对所建立之「农产品进口政策偏好模型」进行实证,透过产品间各利益团体政治边际权数之比较分析,了解政府采差异化阶段性开放进口之政策偏好行为。

Premier Wen Jiabao yesterday chaired a State Council executive meeting to study the deployment of light and textile industry to promote the healthy development of policies and measures, identified the promotion of textile industrial development policies and measures 6; same day Tariff Policy Commission of the State Council issued the adjustment of export tariffs on notice; the Ministry of Finance also decided since 2009 years from January 1, in the national unity and to cease the levying of the abolition of 100 administrative charges; the Ministry of Information Industry and the introduction of 10 measures to ensure that priority areas and key links, and promote integration of information technology and industrialization development and promote the the optimization and upgrading of industrial structure, speed up the transformation of industrial economic development to ensure stable and rapid growth of the industrial economy; Ministry of Land and Resources, China from 2009 to gradually increase the land requisition compensation standards; human resources Social Security has decided to January 1, 2009 onwards enterprises to adjust the basic pension for retirees; Industry and Information Ministry said it would further improve the non-public capital into the financial, power, telecommunications, oil and other industries and areas of market access system, to intensify their way out specific operations; At the same time, 1-year interest rates dropped nearly a hundred votes in the central point, suggesting that the latter will continue to cut interest rates and reserve ratio down expectations.

国务院总理温家宝昨天主持召开国务院常务会议,研究轻纺部署,以促进政策和措施,健康发展,确定了纺织工业发展政策和措施6宣传;国务院当天关税税则委员会发出通知,对出口关税调整,财政部还决定,自2009年1月1年中,民族团结,停止了100取消征收行政事业性收费,在信息产业部和10措施确保重点领域和关键环节,促进信息技术与产业发展相结合,促进和优化产业结构升级,加快工业经济发展的转变,确保稳定,快速的工业经济增长;部土地和资源,从2009年起中国逐步提高征地补偿标准,人力资源社会保障已决定2009年1月1日起调整企业离退休人员基本养老金,工业和信息化部表示,将进一步改善非公有制到了金融,电力,电信,石油等行业和市场准入制度等方面的资本,加强其具体运作方式;在同一时间,1年期利率下跌了近100点,在中央票,这意味着后者将继续降低利率和存款准备金率下降的期望。

The seventh chapter, analyzes the effect different sorts of government debt policies chosen by different achievement-inclined deciders has on the frontier management of government debt scale, and comments on the performance of the sort of government debt policies in recent years.

第5章和第6章,主要以我国国债&赤字管理&制度安排下出现的国债预算&灰色&边界为突破口,研究我国政府预算行为,探索提高我国国债预算绩效和财政预算超收资金使用绩效的政策路径。

This dissertation reviews the development of foreign banks in EMEs of ASEAN, analyzes the motivation and the policies of EMEs of ASEAN, and also discusses the impacts of foreign banks participation. It may be helpful to analyze the motivation, the impacts of foreign banks participation in China and to make suitable policies.

本文通过梳理外资银行参与东盟新兴市场的历程,分析外资银行参与的动机、东道国的外资银行政策以及外资银行参与所产生的影响,以期对研究外资银行参与我国的动机、影响以及制定相关政策有所裨益。

Part five, introduces the fiscal supporting situation from three aspects of fiscal imbursing, preferential taxes and financial support policies, and points out the shortcomings in the fiscal supporting policies.

第五部分从财政资助、税收优惠和政策性金融三方面阐述了中国对外直接投资财政支持政策的现状,分析了中国对外直接投资财政支持政策存在的主要问题。

Policies are the most important condition that many enterprises invest money into media ,and the loosening of the policies will bring about deep changes in media, the thesis also analysizes the reality of money inflowing media.

政策环境是资本进入媒体最重要的背景,政策的放宽将为资本进入媒体带来深刻的变化;合作方式、资本选择媒体以及经营模式是资本进入媒体的现实状况;本文还从资本进入媒体的动力、压力、生存空间、必要性和可能性说明资本进入媒体的未来走势。

At the same time, under these ethnic policies, Malaysia's social inequality and economic gap within each race especially Malay have been worsened, ethnic relations and national unity have been hurt. All this hampered Malaysia's "Growth with Equality" someway. In the future, Malaysia's ethnic policies have to be reformed and adjusted.

与此同时,马来西亚社会贫富差距和族群内部的贫富差距却在日益恶化,族群关系日趋紧张,国民团结受到危害,族群政策对此产生了严重的影响,一定程度上阻碍了马来西亚的公平增长。

"What we are seeing is no change in the Pakistan government policies after Musharraf," said a Taliban spokesman, Maulvi Umar."We want the government to change its policies."

&我们没有看到在穆沙拉夫之后巴基斯坦政府的政策有什么改变&,Maulvi Umar,一位塔利班发言人说,&我们希望政府能够改变它的政策。&

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Chrysanthemum of 10 thousand birthday is lax to edaphic requirement, with the arenaceous qualitative loam with fecund, good drainage had better.

万寿菊对土壤要求不严,以肥沃。排水良好的砂质壤土为好。

He unstepped the mast and furled the sail and tied it.

他拔下桅杆,把帆卷起,系住。

Therefore, positively advances the interest rate marketability reform is one of current our country finance reform important tasks.

因此,积极推进利率市场化改革是当前我国金融改革的重要任务之一。