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Their participation enables otherwise impossible take atteempts to become successful; The involvement of the arbitrager explains very well the widely observed stock market movement during the process of the takeover, including the dramatic rise in share price and in transaction volume. It predicts that in most case, a high transaction volume is associated with a high success rate, as well as with a high post-announcement trading price. Also, the higher the bidding price, the higher the success rate and the bigger the jump in share price; The existence of the arbitrager implies that in the tender offer, the shareholder can always expect to get a fixed portion of the total value improvement by the raider. This surprisingly simple division rule of the takeover surplus may have great implications for related empirical research and indicates that the market for corporate control may be efficient.

其次,我们构建了一个股权收购模型,研究套利者在接管过程中的重要作用,并论证了:套利者在公司接管过程中能发挥重要作用,他们的参与能设法使其他方面不可能的接管变得成功;套利者的卷入很好地解释了在接管过程中广泛观察到的股市活动,包括股价和交易量的暴涨,并指出了在大多数情况下,高的交易量导致高的接管成功率和接管宣告后高的交易价,同样,高的竞价必然导致高的接管成功率和大的股价涨幅;套利者的存在指出了在发盘收购中,股东总是期望从袭击者带来的价值增加总量中获得一个固定部分,接管盈余的划分规则对相关经验研究有很大的关系,指出公司控制权市场是有效的。

You should spend more time fishing to earn more money, then you will be able to buy a bigger boat to catch more fish, then you can buy several boats, and then to own a fleet of fishing boats, and then you can open your own cannery, and then you can leave the fishing village and move to a big city where you will run your enterprise.

你得早出晚归地打鱼,挣了钱后买个大点的渔船,然后你就可以打多的鱼,打了多的鱼后就可以买多的船,然后多的鱼,然后多的船,最后开一个渔业公司,生产加工服务一条龙,到那时你就可以全家搬到城里去住,做大老板。

However there are some differences in the learning motivation in terms of different backgrounds:① The higher the academic degree holders, the lower the intensity of the learning motivation in self-development, social contact, family requirement and degree pursuing.② The students from town and villages show great motivation in Better Serving Society, however the students from cities pay more attention to the assessments from family and working company.③The intensity of the motivations in female students in pursuing knowledge, self-development and social contact are apparently stronger than male students.④With the increasing of age, the motivation intensity decreases in the aspects of self-development, career-development and competition or promotion. The students in the age of 40"s to 50"s pay more interests in educating children.⑤The motivation intensity in Better Serving Society, Avoid Failure in The Work and Better Educating Children decreases with the increasing of the income. Middle income class emphases more in promotion.⑥ The intensity of motivation in pursuing knowledge is very strong in state-worker and free-lancer. Teachers pay more attention to career development and the free-lancer emphasis in developing enterprises and self-expressing.

在对比分析中,成人学员因学历、来源地、性别、年龄、收入、职业的不同,其学习动机存在一定的差异:①随着学历层次的升高,成人学员在发展、交往、家庭、文凭动机的多个子项上表现出差异,动机强度依次降低;②县乡学员在"好地服务社会"项目中比城市学员表现强烈,而城市学员重视家庭及单位对自己的看法与评价;③女性学员在求知、职业、交往三大类上的动机水平较明显高于男性学员;④在发展、职业、竞争或提升三个方面,随着年龄的增加,其动机强度呈递减趋势,而41-50岁的学员在"为了好地教育子女"这一项上表现尤为突出;⑤在"好的服务社会"、"避免工作失败"、"好的教育子女"三个项目中,随着收入的增加,其强度水平依次减弱,中间收入的学员较其它两层次在意"得到提升";⑥不同职业的学员有不同的动机表现,公务员与自由职业者的求知动机表现强烈,教师的职业动机水平相对偏高,自由职业者强调"发展事业"与"表现自己"。

There is not a country on earth where there is greater tranquility; where the laws are milder, or better obeyed; where every one is more attentive to his own business or meddles less with that of others, where strangers are better received, more hospitably treated, and with a more sacred respect; where the virtues of the heart are less exposed to be weakened.

这个世界上,不存在任何国家可以拥有多的平和,温和的法律,或者守法的人民,也不存在为照管自身事物而不去干预其他人的人,这里陌生人被好的接纳,受到殷勤的款待和得到真切的尊敬,在这里,高尚的心灵不至受到损害。

They have a smaller and stronger frame, knobby, as well as wider and higher-profile tires, which are mounted on a rim that is stronger and more durable than a standard bicycle rim.

他们有一个小的和有力的框架, knobby ,以及广泛和高的知名度轮胎,这是安装在轮辋是强大和持久的比标准的自行车环。

At present the main problem that the power electronic integration technology is faced with is how to make volume of module smaller, cheaper and more density of power, better capability of cooling, less parasitical parameter and applied in more situations. One of the main problems is the cooling of integrated module.

目前混合封装电力电子集成技术面临的主要问题是如何将模块的体积做的小,成本低,功率密度大,传热性能好,寄生参数小及满足多的应用场合,而其中最主要的一个问题就是集成模块的散热问题。

At present the main problem that the power electronic integration technology is faced with is how to make volume of module smaller, cheaper and more density of power, better capability of cooling, less parasitical parameter and applied in more situations.

目前混合封装电力电子集成技术面临的主要问题是如何将模块的体积做的小,成本低,功率密度大,传热性能好,寄生参数小及满足多的应用场合,而其中最主要的一个问题就是集成模块的散热问题。

You will understand what I mean by COMPLEXITYby noting these three aspects. Firstly, it refers tothe complexity in form. When CAD becameinvolved in the design process Architect's wereenabled with a higher level of control over evermore complex geometry. Consequently it canand will generate infinite possibilities in the futurefor form finding, which has shifted in emphasis asa more logical design process based onsystematic theories away from intuitive designtechniques. Secondly, it illustrates our growingsocial complexity. As technologies allow peopleto send and receive more information than before,in ever shorter time frames, the function ofarchitecture and urban space will increasinglybecoming ambiguous. Emergent, adaptive andtransformable spaces are replacing limitedfunction spaces gradually. Even a single spacewould afford more potential functions. Lastly, Iam referring to the complexity of collective design team organizations working on different projects.The fact is that our social work division is moreintricate and variegated today; Architects mustby necessity negotiate with governmentalauthorities, material suppliers, engineeringconsultants, quantity surveyor, contractors,planning authorities, landscape architects, interiordesigners, acoustical engineers, et cetera besidesjust our clients. Meanwhile, projects and designteams tend now to be a globally dispersednetwork. All of these things are challenging theconventional architectural practice, it'sorganization, and administration significantly.

Complex可以从3个层面上理解:首先是指设计形式上的复杂性,即引入计算机数字化技术后,建筑师可以设计和控制高级、复杂的几何形体,而不是简单地发挥计算机复制、粘贴的画图优势,让计算机真正参与到设计过程中,带来多设计形式上的可能性(需要指出的是,这种形式上的演进已经从开始的直觉行为转成由系统理论指导的理性应用);第二,是指与社会学相关的复杂性,科技让人们快地接受和传递信息,建筑和城市空间的功能性变得越来越模糊,无法预知,随时间调整自身、不断变化的空间正在不自觉地逐步取代原有功能确定的传统空间,或者说一个空间要承受比以前晰释复杂性ARTICULATING COMPLEXITY多得多的功能要求;最后,是指在一个建筑方案内团队组织的复杂性,社会分工越来越详尽,建筑师要面对的除了甲方和使用者,还有政府权力部门、材料供应商、工程技术部门、合同签约顾问、城市规划部门、景观设计师、室内设计师、音响设计师等等相关的合作单位,同时,在项目和设计职员的地域分布上趋向全球化,这些都带给建筑事务所内部管理和组织上前所未有的复杂性。

After multivariable adjustment, consumption of tuna or other broiled/baked fish was associated with specific HRV components, including indices suggesting greater vagal predominance and moderated baroreceptor responses (eg, higher root mean square successive differences of normal-to-normal intervals [P=0.001]; higher normalized high-frequency power [P=0.008]; and lower low-frequency/high-frequency ratio [P=0.03]) and less erratic sinoatrial node firing (eg, lower Poincaré ratio [P=0.02] and higher short-term fractal scaling exponent [P=0.005]) but not measures of circadian fluctuations (eg, 24-hour standard deviation of normal-to-normal intervals).

经过多因素校正,鲔鱼或其他烤鱼的摄入与HRV某些特异性指标相关,包括了反映强的迷走神经张力的指数和适当的压力感受器影响如高的正常-正常均方根连续差[P=0.001;大的正常化高频功率[P=0.008];小的低频/高频功率比[P=0.03]以及少的窦房结电冲动游走(如,低的Poincaré比[P=0.02]和高的短期分形定标指数[P=0.005]),但不测量昼夜波动(如24小时正常-正常间期的标准差)。

As the demand for its output becomes greater and greater, the machine must work harder and longer to produce more cars, more ace ca ules, more schools, more steel, more health care —— more of the things that are wanted.

由于对其产品的需求越来越大,这台机器运转吃力、时间长,以便生产多的汽车、制造多的太空仓、建多的学校、炼多的钢铁、提供多的卫生保健服务——所需要的多东西。

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I'm strongly against the death penalty — it's an eye for an eye.

我不赞成死刑——这是以牙还牙的报复行为。

And to get you the support you need, we're enlisting all elements of our national power: our diplomacy and development, our economic might and our moral suasion, so that you and the rest of our military do not bear the burden of our security alone.

并给你们所须的支援,我们正徵召国家所有各种的力量:我们的外交及发展,我们的经济力量与道德劝说,所以你们与其他军人不须要孤独地负起国家安全的责任。

Imagine yourself to be an actor in a play on the stage.

设想你自己是一个演员在舞台上表演。