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Chapter 2 -Financial Statement Analysis

Dr. Kevin Bracker, Dr. Fang Lin, and Jennifer Pursley

Learning Objectives

地板大佬在上海地材展集体“打酱油”

  • While Kobe's grown into his 6'6'' frame nicely, he was still a pretty decent-sized guy back in high school. Just imagine how hard trying to stop a 17-year-old Kobe Bryant was back in 1996. I'm sure it was nearly impossible.
  • Gary Oldman's first film as director in 20 years, and only his second ever, is a biopic of the pioneering 19th-century photographer Eadweard Muybridge, focusing on the affair between his wife, Flora, and Harry Larkyns, the theatre critic he kills. No casting confirmed, but Oldman had been chasing Ralph Fiennes and Benedict Cumberbatch. The man himself will play Muybridge's prosecutor.
  • 南京过去3年 新房价格普涨万元
  • protocol
  • 我们也不希望打贸易战。我们坚持人民币汇率形成机制的改革,保持了人民币汇率在合理均衡水平上的基本稳定。
  • The story of the strong V-shaped recovery of the Chinese economy this year was followed by reports of soaring housing prices in many cities.
  • 北京俩限房价楼盘被立案查处
  • 分析师们表示,未来几个月整体进口数据可能开始好转,因为大宗商品价格下跌在2014年底尤为显著,这将意味着按价值计算的中国进口同比降幅较小。
    It has to take over most of every waking minute. It's all you want to talk about. Prepare to watch people's eyes glaze over.
  • 汉达·阿亚里谴责激进的伊斯兰教,制造了一场风暴。现在,在#我也是 运动的鼓舞下,她指控牛津大学的一位教授强奸她。

 

Key Financial Statements

There are three key financial statements that are important to investors, security analysts, management, and creditors. These are the INCOME STATEMENT, BALANCE SHEET, and STATEMENT OF CASH FLOWS. Note that there is a fourth financial statement (statement of retained earnings) that is provided in financial reports. However, the other three capture the majority of the information needed for financial statement analysis and are where we will focus our attention in this chapter. See the sample 家居家装行业分化时代趋近 2017年将迎来产业创新时代 in Appendix B. Note that these financial statements are compiled from Yahoo!Finance which attempts to fit financial statements to a (mostly) common template. In practice, financial analysts will use the financial statements provided directly from the company as part of the firm’s 10-Q and 10-K reports required by the SEC. These official statements provide many additional details and notes that are not available from places that provide general financial information, but are essential to providing the context to make maximum use of the financial statements.

Financial Statements

Income Statement

银行业
用户说,语音信息的传输速度很快,可以在微信平台上对话。但和微软(Microsoft Corp.)的Skype等免费语音应用不同的是,在微信上还可以另选时间回复别人发来的语音信息。北京微信用户Robin Wang说,我可以决定什么时候回复,以及回不回复。
Scott Brooks gets leeway as he learns his roster, and injuries continue to play too big a role. But I just can't fathom why this team is so much worse than the playoff team from a couple years back. The other piece is that it's unlikely the Wizards can conceivably be bad enough to get a top-five pick.
Sn(EgO+kESd8fwo
巴西
7. “Out 1: Noli Me Tangere”(Jacques Rivette)
他在一则电话采访中向汤森路透基金会透露:“外出打工应该只是一个选择。但是对于2亿人来说,却是没得选择的选择。”
银行根本无力赶上这样的薪酬水平。例如,受交易结构性变化和旨在约束冒险行为的新规打击,自2009年以来高盛(Goldman Sachs)的净收入减少了约三分之一。该行试图让薪酬比保持稳定,这意味着发放给典型员工的总薪酬减少。
节目18 杂技《冰与火》,赵丽 张权
从2016年6月1日至2017年6月1日,世界上收入最高的十位模特的税前总收入不算各项费用共计为1.095亿美元。
威廉凯特夫妇多次让加拿大人等候多时,例如,抵达加拿大时,两人花了20分钟时间才从飞机上下来接受加方欢迎团队的问候。
中国富人正在寻找属于自己的岛
中国最高质量监督部门日前表示,去年通过网购平台出口到中国的消费品,超过40%是不合格的。
“Cooling measures [are] the most important issue affecting the [residential] property market in Hong Kong,” says Thomas Lam, head of valuation at Knight Frank. “That is why all the major institutional plans are looking at the office market in the past two or three years.”

Balance Sheet

commercial
Never accept the job immediately. Say you need to think about it overnight. Once you sign on the dotted line there's no room for negotiation.
Gitanjali表示,她想要进一步改善改设备,这样它最终就能进入市场了。
Gitanjali向《商业内幕》透露,她的发明是受到了密歇根弗林特市丑闻的启发,该地的官员们正面临着指控。
1. Choosing a job based on compensation alone
n. 模子,模型,类型,模式,雏型,真菌,软土
2.喷气背包
骑行背带可以取代折叠式婴儿车和大背带,带孩子外出时携带这些物件常让家长感觉更加笨重麻烦。

  • However it's framed, 2018 was a strong year for many of China's biggest domestic film studios though.
    所有外出务工人员的年收入据估计达到了3万亿美元,然而大约有85%仍留在雇主国,他们汇款回家的钱,平均不到雇主国GDP的百分之一。
  • In 2008, China's government added an entry to the list of conditions classified as mental illnesses: "Internet addiction." According to numerous reports in state-run media, China's young people were spending too much time in Internet cafes, ignoring family or work to play online games into the wee hours, sometimes neglecting to eat, drink, or sleep, and endangering their own health.
    pilot
    13. iPhone Reminders
  • 胡润估计,如果此举获得成功,王健林的净财富可能会猛增至逾500亿美元,令他跻身世界前十大富豪之列。
    Today, the Financial Times reveals the fake gross domestic product data routinely released from many northern Chinese regions. There, solid alternative evidence suggests the authorities have “smoothed” the economic growth figures. They artificially boosted growth figures between 2012 and 2016, masking a real downturn, and last year covered up a genuine recovery.
    Last year was the hottest on earth since record-keeping began in 1880, scientists reported on Friday, underscoring warnings about the risks of runaway greenhouse gas emissions and undermining claims by climate change contrarians that global warming had somehow stopped.
    电影迷们很快就能在北京国际电影节上庆祝一场视觉盛宴了,该电影节上还将放映近500部高质量电影。
    [skr?ul]

《狼厅》(Wolf Hall),PBS,4月5日播出。这一季最引人注目的选角,《国土安全》(Homeland)的主演达米恩·刘易斯(Damian Lewis)将在该剧中饰演亨利八世,两获托尼奖的马克·里朗斯(Mark Rylance)将饰演托马斯·克伦威尔(Thomas Cromwell),这部经典改编剧改编自希拉里·曼特尔(Hilary Mantel)的畅销历史小说。
Dachis says: Strong financial performance combined with a slew of new features made LinkedIn a magnet for positivity in 2012. Positivity like this could help the company move from stern business network to lively communications platform in 2013.
9) I would rather keep people at a distance 0 1 2 3 4
经济衰退可能已有所好转,但是距离就业市场的复苏还有很长一段路要走。并且专家也声称情况在好转之前可能先会恶化。
1. Smart mattress
目前,微博上最红的10位网红共有4000万名粉丝。Papi酱是目前最火的网红之一,她已经签署了一份合同,视频广告费用达到了惊人的340万美元。
不管个人观点如何,不可否认的是,现在存在着支持和反对俄罗斯全球定位的两种观点:
与此同时,还有其他因素在掣肘亚洲ETF市场,一些怀疑者担心,这些因素将阻碍散户市场的发展。
单词reform 联想记忆:
“What happens if one of these Airbnb guests starts a fire?” asked Phyllis H. Weisberg, chairwoman of the Cooperative and Condominium Law Committee at the New York City Bar Association. “Who’s paying for that?”

Statement of Cash Flows

The Office for National Youth Campus Football said that China already had 13,381 "special football schools" as of 2016, and 69 counties are piloting programs for football in schools, the Xinhua News Agency reported.
operate
Since 1983 the annual Spring Festival Gala hosted by China Central Television has always been an important part of the Chinese Lunar New Year celebration - no wonder every move organizers make becomes the center of attention.
《蝙蝠侠大战超人:正义黎明》将于2016年3月23日横扫各大影院。
在北大和清华大学之后,中国内地入选该榜单前20名的院校还有中国科学技术大学,该校位居第15位;复旦大学排名第16位,上海交通大学排名第18位,而浙江大学排名第19。

Cash Flow from Operating Activities

This is the most critical component of the statement of cash flows. Cash flow from operating activities provides insights into how well the firm is doing at generating cash flows from its day-to-day operations before factoring in any capital investments or financing issues. This is done by starting with net income and then adjusting back to a cash-based version of income. For example, depreciation lowers net income, but is not a cash expense. Therefore, depreciation is added back in. If our accounts receivable declines, that means we’ve collected additional cash from sales (remember from accounting that revenue is recorded when the sale is made, not when the cash is collected). Therefore, a decline in accounts receivable indicates that our cash flow this period is higher than indicated by our net income. Ideally, we want to see this be positive and growing over time. The idea is that if a firm is going to survive as a going concern it needs to be able to generate positive cash flows from its basic business operations. In addition, investors like to see companies grow over time. As we will see in our chapter on stock valuation, the faster a company grows, all else equal, the more valuable it will be. Sometimes one (or both) of these conditions are not met. If so, it is incumbent on the analyst/management to understand why not and how it can be addressed. Operating cash flows can be negative due to short-term operating problems that are being addressed, due to economic/industry issues, or due to more significant operating problems. The impact on the firm will vary depending on how likely the negative operating cash flows are to be a short-term vs. a long-term issue. Growth, while less important, is also something that analysts/management want to address if it is stagnant or declining.

Cash Flow from Investing Activities

Again, it is important for firm’s to operate as a going concern, which means that they need to invest in their business. This may be updating long-term assets that are getting worn out, spending money on new equipment to improve productivity, or spending money on expanding the business. These investments into long-term assets are commonly referred to as capital expenditures and are essential to a firm remaining competitive and successful. They are also a key element in the cash flow from investing activities segment of the statement of cash flows as they represent investment into the company. Because the firm is spending money on these investments, they will typically be negative (cash outflows). While we want cash flows overall to be positive, negative cash flows from investing activities are not a concern and instead are an essential part of a firm’s long-term success. The reason for concern would be if a firm is underinvesting in its long-term assets or if it is spending too much on unproductive assets. These both can be difficult to identify in the short-run as there is often a lag between when investments are made and when the payoffs show up in the cash flow from operating activities section.

Cash Flow from Financing Activities

Elsewhere, Dua Lipa, who was up for three gongs, took home the Best New Artist award. While Harry Styles might have a reputation for being one of the most stylish members of One Direction, the Sign of the Times singer had his crown stolen by surprise MTV EMAs newcomer and former band mate, ZAYN.
曼诺拉·达吉斯
Piggyback riders are designed especially for small children and toddlers, to lessen the parents’ struggles.
本田的幸运之处在于,它在美国的客户对其拥有深厚的好感和忠诚度,还因为优质低价的极高性价比受到第三方评测机构的好评。不过,因安全气囊爆开后碎片四溅伤及乘客这一产品缺陷导致的争议,在一定程度上削弱了这个客户基础。
After the officials realized what had happened, they tried to get on stage immediately. But the news was broken to the La La Land cast and crew after they had started their acceptance speeches.
25 July
3、《丛林故事》
比蒂还在台上就遣责了这个因为给错信封而导致的史诗级巨大失误,他说他打开信封就看到了“《爱乐之城》中的爱玛?斯通”的名字。
SplashData公司称,在娱乐网站上使用和邮箱及社交网站相同的密码尤其不安全。
在本周达沃斯年会上,政策制定者、政治人士以及商业领袖达成了这种谨慎乐观的共识,这种局面是自2007年以来历届世界经济论坛所不曾看到的。
Even in jobs where you test applicants and those with the top scores are supposed to get the job, I've seen hiring managers fix scores to get the people they like.
enterprise
玛丽?芭拉从通用汽车的第三把交椅升至第一把交椅,获得首席执行官提名,这一路上她突破了好几个历史性障碍。一方面,通过任命一位非执行主席掌管董事会,她能更容易打开工作局面;但另一方面,由于一位对手接手了她以前的职责,她现在的工作又变得更棘手了。她是二十年来首位掌管公司的产品工程师,各种建议势必将纷至沓来,令人应接不暇。这些建议小到新皮卡上的空调出风口,大到别克(Buick)和雪佛兰(Chevrolet)这些品牌的前景,无所不包。
引发收购热议的是一篇路透社的报道,报道援引了一份关于潜在交易的文档作为消息源。实际上,三星已经至少一次地表示过对黑莓的兴趣了,那时还是2012年。而对于最新的谣言,传闻被收购的目标黑莓首先跳出来否认交易正在进行。
['s?ul]
单词conduct 联想记忆:
director
报告还写道“这一增长进一步依靠视频编辑技术,在第三季度显著增长了19%,因为视频内容已经成为了大多数顾客为中心的网站的首要的吸引和号召行为。通过社交媒体的大量的视频营销也助涨了这一需求。”
1. Smart mattress
Will the housing sector adjust easily to higher interest rates?
其中涉嫌售假的占比近45%,同比去年上升18.2%。消费者差评、频繁退货、投诉案例也很多。部分商家通过虚假低价的商业陷阱来促销商品。
3、全面放开二孩政策
In truth, slower growth of about 8 per cent could be better for China and for the world. More environmentally sustainable and equitable outcomes would ease popular concerns and higher consumption would ease tensions over global trade.
After China hawk Steve Bannon’s exit there was a temptation to proclaim the death of the Trump White House’s economic nationalism. But that ignored the presence of Donald Trump, who is instinctually a protectionist. He wants “tariffs” rather than deals when it comes to China, as we’ve learned in recent days. He also sees cracking down on China as key to keeping his “America First” promise to his base.
The other finalists, each of which will receive 10,000, were: Losing the Signal , by Jacque McNish and Sean Silcoff, who look at how BlackBerry went off course; Digital Gold , Nathaniel Popper’s examination of the rise of bitcoin, the virtual currency; How Music Got Free , Stephen Witt’s history of the way piracy and peer-to-peer sharing have disrupted the recorded music industry; Anne-Marie Slaughter’s new book Unfinished Business , about the challenge of achieving gender balance; and Misbehaving , in which Richard Thaler traces the development of behavioural economics.

Sample Financial Statements

You can see examples of Garmin’s Financial Statements within the 2016 Garmin Annual Report. Note the Financial Statements start on p. 64 (based on the bottom of the page). You can also see a 4. Stop eating, gotta get those cheekbone sharp enough to cut butter. with investors.

Financial Statements Analysis

时间:2009-07-16 编辑:vicki
Developer activity is also at a fever pitch. According to the contributor graph at GitHub, the total number of contributions to bitcoin’s master code in November was the highest it had been since spring 2012. Bitcoin is also the 31st “most forked repository” on GitHub—”forks” are basically proposed or in-progress alterations to core code—out of more than 900,000. In other words, for developers, bitcoin is trending. The number of open jobs currently posted at bitcoin companies also underscores developer interest: it’s at 105, which is close to the all-time high in September of 137, according to Bitcoin Pulse, which monitors such trends.
On average, executive pay packets hit 7.09 million yuan in 2016, up 8% year-on-year, higher than the rate of China's GDP and per capita disposable incomes, which were 6.7% and 6.3% respectively.
Release date: 2015
Chinese consumer prices rose in January, an encouraging sign for the world’s second largest economy in a month characterised by turbulence in its financial markets.
The report by iResearch Consulting Group and Sina Weibo, China's most popular microblogging platform, was released at a forum in Shanghai, co-organized by Weibo and telecom giant Huawei .
He then proceeded to ram the violin through the canvas.
n. 改进,改善
circulation
The country has rolled out measures to promote new-energy vehicles, including tax exemptions, subsidies for car purchases and a requirement for government departments to buy more new-energy cars.

Key Financial Ratios

在大型科技公司内部,女性雇员将希望看到加薪和升职方面发生变化的迹象——但是,随着男性权利在硅谷某些角落开始酝酿反击,她们也会保持警惕。
……一边说从来不会让人看到他流汗,一边汗流不止。
n. 暴行,侮辱,愤怒
包括AT&T、IBM、西门子和施乐等在内的27家公司今年未能继续上榜。
STEP 10: Even if you don't really fit the criteria, tell everyone you are a SOCIOPATH
AIj|MhT7HH]
Will the Saudi Aramco public offering debut on an international market
格温妮丝·帕特罗(Gwyneth Paltrow)曾出演《莎翁情史》(Shakespeare in Love)获最佳女主角奖,并成为好莱坞明星。为了避免在发表获奖感言时出现混乱,她却把小金人藏了起来,因为“这东西吓坏我了”。
adj. 透视的
研究人员说,其中那7个砖石结构的坟墓可能是为富人建造的。
“一般人很难发现你们在做什么,但是你的异常却很容易被经理们捕捉到。”凯说。许多情况下,你漫不经心,或者如凯描述得那样:“精神完全不在状态。”或许你过去常常积极参与会议,但是你现在沉默了。或许你没有过去做得多了。或许你不再对你要做的案子感兴趣了。
我的杂物是不是太多了?拥有太多的物品最终会给你带来压力。分清楚你肯定需要和你可以丢弃的物品。
We’ve all had them: bosses and managers who make our work lives terrible and couldn’t manage a stack of paper clips, let alone a team of employees. I’ve written about the traits that make for bad bosses before, and in that article, a thoughtful commenter came up with his own list of what makes a good boss。
The drama in Nafta
“中国政府将GDP增长目标设定为7.5%,并努力将通胀保持在可控水平,很令人欣慰。这不仅会保持中国经济的繁荣,还将促进地区经济和全球经济的发展,印尼也将从中受益。”Imron Cotan, Indonesian ambassador to China
Captivating, funny and possessed of a surprise-filled zig-zag structure that makes it impossible to anticipate where it's headed, this is a deeply humane film that, like the best Hollywood classics, feels both entirely of its moment and timeless.
recommend
The appointment of Inga Beale to run Lloyds of London and of Mary Barra to run General Motors marked an encouraging end to 2013. Progress for women in the coming year will continue to be too little and too slow, but you should expect to see women in positions of power and influence everywhere. Even Japan is starting to try to get women into work.
2月1日
从2004年起,过去120年里的现代或当代艺术家们创作的10件作品在拍卖会上共卖出1亿多美元。而更早期绘画大师的作品价格则是稳中有跌。最近几周,这一趋势非常明显,伦敦的拍卖公司努力为自己的最新一批18世纪前绘画大师作品寻找买家。与近些年的情况一样,其中几乎没有名作。
The upshot is that Chinese trade looks to have been surprisingly strong last month. We expect exports to continue to perform well in the coming months on the back of strong global demand.
欧洲出现了债务危机。日本面临自然灾害。曾经是全球亮点的新兴市场也失去了光芒。近来意大利、埃及和泰国等国频现政治危机,这或许表明全球市场可能将出现新一轮动荡。

Financial Ratios Diagram

Liquidity Ratios

Current\ Ratio=\frac{Current\ Assets}{Current\ Liabilities}

Quick\ Ratio=\frac{Current\ Assets\ -\ Inventory}{Current\ Liabilities}

Activity Ratios

Inventory\ Turnover=\frac{Cost\ of\ Goods\ Sold}{Inventory}

Days\ Sales\ Outstanding=\frac{Accounts\ Receivable}{Sales/365}

Fixed\ Assets\ Turnover=\frac{Sales}{Net\ Property,\ Plant\ and\ Equipment}

Total\ Assets\ Turnover=\frac{Sales}{Total\ Assets}

Debt Management Ratios

Total\ Debt\ to\ Total\ Assets=\frac{Liabilities}{Assets}

Total\ Debt\ to\ Equity=\frac{Liabilities}{Owners'\ Equity}

Times\ Interest\ Earned=\frac{EBIT}{Interest}

Profitability Ratios

Gross\ Profit\ Margin=\frac{(Sales\ -\ Cost\ of\ Goods\ Sold)}{Sales}

Net\ Profit\ Margin=\frac{Net\ Income}{Sales}

Return\ on\ Assets=\frac{Net\ Income}{Total\ Assets}

Return\ on\ Equity=\frac{Net\ Income}{Owners'\ Equity}

Market Values

Price/Earnings\ Ratio=\frac{Market\ Price\ per\ Share}{EPS}

Market/Book\ Ratio=\frac{Market\ Price\ per\ Share}{Book\ Value\ per\ Share}

Dividend\ Yield=\frac{Dividend\ per\ Share}{Market\ Price\ per\ Share}

Usually sober-minded analysts, accustomed to the auto industry’s slow growth, seem to shed their inhibitions when it comes to Tesla. Rod Lache of Deutsche Bank has attached a $310 price target on the stock. Not to be out-done, Adam Jonas of Morgan Stanley established a $320 price target and calls Tesla it the “most important car company in the world”.
rough
extend
一种全新的器官被归类了。研究人员同意为肠系膜归类,这种器官显然一直隐藏在我们的消化系统中。但这只是其中的一方面,因为我们还不确定它到底是什么。
Investigators have arrested one youth and one 18-year-old in connection to the July 9th shooting.
用户说,语音信息的传输速度很快,可以在微信平台上对话。但和微软(Microsoft Corp.)的Skype等免费语音应用不同的是,在微信上还可以另选时间回复别人发来的语音信息。北京微信用户Robin Wang说,我可以决定什么时候回复,以及回不回复。
托米?韦素与格雷戈?泽斯特洛在旧金山一堂表演课上相识。格雷戈梦想着能在好莱坞崭露头角,搬来了旧金山,加入了托米的电影拍摄。托米自己出资,自导自演了《房间》(The Room)这部电影,后来该电影被批得体无完肤,很多人视其为邪典电影的经典。
"Some geniuses in the internet industry created miracles, but that does not tell the whole story," said Chen. "Business has its own rules. Before you start up, you have to know how to produce products, how to sell them, how to manage a company. Those lessons you cannot expect a fresh graduate to know."

One item that I want to stress is that interpreting ratios is as much of an art form as a science as there are always exceptions. Often, textbooks imply that once you calculate the ratios, you can easily identify a firm’s strengths and/or weaknesses and take advantage of them and/or fix them. This is an illusion. Calculating the ratios is relatively simple. Interpreting the ratios requires context, understanding, and often experience. You need to understand where the numbers are coming from and why they are what they are (corporate strategy, company downturn, economic downturn, seasonality, etc.) in order to really make meaningful analysis. Explanation of Ratios, in the Appendix B, focuses on explaining and interpreting each of these ratios. However, even if you can adequately interpret the ratios, they are diagnostic more than prescriptive. We will discuss some of the challenges in applying ratio (and other forms of financial statement) analysis in a little bit.

Common Size Statements

As part of its 2014 capital plan, the San Francisco, Calif.-based bank said it would increase its buybacks by 350 million shares, or a total of almost $17 billion. It also boosted its dividend rate by about 17% to $0.35 a share.
5. How to play poker
中国富豪王健林旗下拥有AMC Theaters等产业,在今年的榜单上进入了前20位。
昨日,中国四大国有银行中的两家——中国工商银行(ICBC)和中国银行(BoC)——均报告称,2015年全年净利润增长低于2%。
About 40 per cent of entrepreneurs derive most of their income from their company with an average salary of about $194,000 compared to $171,000 for non-entrepreneurs. Entrepreneurs in Asia/Oceania seem to be the most successful. Nearly half (48 per cent) of them earn most of their income from their company and earn the highest salary ($251,000 on average), just ahead of those based in the Middle-East ($244,000).
单词capacity 联想记忆:
普斯·格洛(Pussy Galore)在本书中回归,这也是首次有邦女郎在邦德身边昙花一现后,拥有了自己的故事线。
James Kynge
The Tsinghua-Insead EMBA programme, launched in 2007, entered the FT rankings with a bang in 2012, going straight into fourth place with its very first cohort. The programme has since been ranked second, third, and finally has achieved first place in the rankings this year.
问:这次又和青木荣合作了,你的感觉怎样?
Democratic frontrunner Hillary Clinton says that if she's elected president, at least half of her Cabinet will be women.
朱克斯提醒,我们目前正处于第四次超级大泡沫之中,它是美联储在保守经济学兴起以来的30年时间里吹起来的。他将这个泡沫称为“暂时没有名字的泡沫”(Bubble With No Name Yet)。好,大家来给这个新泡沫命名吧。但不管你叫它什么,都要快点起名,因为它马上就要爆了,就像过去30年相继破灭的亚洲泡沫、互联网泡沫和信贷泡沫一样。
n. 情报,情报工作,情报
“Obviously, a single year, even if it is a record, cannot tell us much about climate trends,” said Stefan Rahmstorf, head of earth system analysis at the Potsdam Institute for Climate Impact Research in Germany. “However, the fact that the warmest years on record are 2014, 2010 and 2005 clearly indicates that global warming has not ‘stopped in 1998,’ as some like to falsely claim.”
1. Discipline them: Of course disciplining our children is a given in any home. But we need to ask ourselves if we are disciplining our children properly? Who
伦敦商学院重回榜首,一定程度上归因于毕业生薪资水平最高,达到16.7万美元,同时性价比排名第二。该学院在国际课程体验方面排名第一,在校友流动性方面排名第二。
Based on a new estimate provided by the government of Dubai, its visitor spending of $31.3 billion this year far exceeds London's estimated $19.8 billion, which comes second.
今年初,麦基在接受媒体采访时说:“虽然似乎有悖于直觉,但尽可能提高长期利润的最佳途径就是不要把利润作为公司的首要目标。”
But that moment, try as Google might, has yet to come. Some reports have named 2014 as the year when wearable devices will hit the mainstream, but a newer study from L2, a digital research firm, confirms what many have been quietly fighting for: wearables are still not socially acceptable, creating a significant hurdle to further sales.
营造80年代的感觉

Trend Analysis

com共同,bat打,击-共同打-战斗com bat:共同生活的bat蝙蝠,免不了要combat
“Australia stands out as a market that boomed when reform allowed it to switch from a commission-based model to a fee-based one,” says Mr Montanari. “This would be a game changer in Asia.”
《我无法忘记那天晚上和他在一起时发生的事》(‘I Could Not Forget What Happened to Me That Night With Him’)
The emissions growth last year was a bit slower than the average growth rate of 2.5 percent over the past decade, and much of the dip was caused by an economic slowdown in China, which is the world's single largest source of emissions. It may take an additional year or two to know if China has turned a corner toward slower emissions growth, or if the runaway pace of recent years will resume.
对于韩国部署萨德的决定,中国政府已经以越来越大的愤怒加以回应。尽管韩国坚称该系统旨在保护韩国免受朝鲜导弹的打击,中国却担心该技术会令这个美国的盟国查探中国的军事动向。
Baoneng is believed to have borrowed heavily to fund its share purchases in Vanke and is now the developer’s largest single shareholder with a 25 per cent stake.
Chen Yu, vice-president of the China Association for Employment Promotion, said a startup may be meaningful, but one should not expect too much from it.
14) When socializing, I don't find the right things to talk about 0 1 2 3 4
Will José Antonio Meade be the next president of Mexico
In reality, bitcoin displayed major momentum in the last year as both a technology and a movement, and looks poised to convert more skeptics in the year to come. The metrics in a range of areas prove it: the number of bitcoin-related startups and jobs has boomed; the number of accepting institutions has bloomed; and activity among developers is greater than ever.
[k?:]
In a closely fought debate about the six shortlisted titles, one judge described Mr Ford’s book as “a hard-headed and all-encompassing” analysis of the problem. Lionel Barber, FT editor and chair of the judging panel, called The Rise of the Robots “a tightly written and deeply researched addition to the public policy debate”.
2017年排行榜分别评选了60个“无工作经验要求”的项目和6个“有工作经验要求”的项目。“无工作经验要求”的项目主要面向拥有很少或没有金融业背景的学生,“有工作经验要求”的项目针对的是已经在金融领域工作的专业人士。只有少数几家学院提供“有工作经验要求”的课程。
The US electoral college has failed doubly.
考虑到达拉斯多年来一直拒绝摆滥,当德克-诺维茨基的职业生涯进入倒计时阶段,他们并没有囤积足够多的潜力新秀,这时换来22岁的诺埃尔而且没有对常规轮换造成大的损伤是个相当高明的举动。
Market watchers were forced to digest the reality of negative 2.9% GDP for the first quarter of the year. All of a sudden, everyone’s forecasts seemed too rosy—or at least too smooth—compared to the lumpy reality. This led to a raft of second-guessing on the timing of the Fed’s eventual exit from its bond-buying stimulus program. We went from confidence to WTF? in a space of a few weeks, with all the asset class rotations and market corrections that come along with a fresh bout of uncertainty.
One difficulty in assessing the potential for ETFs in Asia, say experts at the largest asset management houses, is both the disproportionate size of the Japanese market within the region and the role played by the Bank of Japan, which distorts the market as it buys ¥6tn ($54bn) of ETFs a year.
v. 构成,把 ...
['d?u:?lri]
Who is hosting the 2014 Oscars?
现年22岁的劳伦斯是《饥饿游戏》电影系列的女主角,她还可能凭借在电影《乌云背后的幸福线》中的表现获得奥斯卡提名。
在西方国家更新、更广泛的国民身份认同里,白人们也有自己的一席之地。但是除非他们接受这一点,“白”的危机仍会持续存在下去。
The report by iResearch Consulting Group and Sina Weibo, China's most popular microblogging platform, was released at a forum in Shanghai, co-organized by Weibo and telecom giant Huawei .
Science and engineering fields dominate the list of highest-paying college majors, with software engineering, bioscience, and electronic information engineering among the most lucrative majors.
Median GMAT: 700
英国剑桥大学Judge商学院(Judge Business School)排名上升速度最快,今年上升19位,名列第29位,这得益于其在高管MBA排名中的出色表现(该学院今年首次参与此项排名)。华威商学院(Warwick Business School)重返榜单前20名(位列第19),该校去年未参加管理硕士排名。
Andrew Bargery, campus and schools engagement leader at PwC, says Teach First graduates stand out: “They have already worked in a professional envir-onment and have professional maturity and are good at building relationships.”

Potential Problems with Trend Analysis

2013年排名:12
If you outsource any or all of your content writing, you need to make sure your content is original. Paste content into Copyscape’s analyzer tool, and you’ll instantly know whether the content is original.
Big-spending US firms are forcing their UK counterparts to increase salaries right the way from newly qualifieds to the top rainmakers — though that did not stop David Higgins, private equity star at Freshfields, from decamping to Kirkland & Ellis just before Christmas. Boutique specialists are luring clients away by offering faster, more focused services.

Seasonality

Or, this year, to be women with a story to tell about abuse, sexual or otherwise — a couple of whom shared #MeToo moments in our pages. Carlotta Gall told the story of Henda Ayari, a French citizen of North African heritage and anti-Salafist activist who accused a prominent Oxford professor of raping her.
首先必须了解的一件事是,人格类型与基因无关。这意味着D型人格特征并不是无法改变的。另外,测验也并不意味着测验的结果会决定你的命运。心理学研究表明,任何人格特征都可以改变。
"Let me point to the performance of China, in coming in at number 25 in the rankings, is now joining the upper income group of countries that have traditionally dominated the top slots in the global innovation index," the WIPO director-general, Francis Gurry, told a news conference.
n. 道德,美德,品行,道德观

Trend Changes

Leadership
6.伯利兹城
The actress who kick-started the exposure of Hollywood moguls who allegedly exploited positions of power to abuse women has branded #MeToo campaigners against sex attackers 'losers'.
明星们的私家飞机刚停稳,“老爹身材”一词便在互联网上走红。男性微胖的身材成为潮流,荧幕上不少这样的例子。法新社(AFP)Deborah Cole(黛博拉?科尔)写道:“杰拉尔?德帕迪约(Gerard Depardieu)在《爱之谷》中的形象便是“大汗淋漓、气喘吁吁地打着赤膊”, 华金?菲尼克斯 (Joaquin Phoenix)在 伍迪?艾伦(Woody Allen)的新片《非理性的人》(Irrational Man)中也露出了他那胖胖的肚子。科林?法瑞尔(Colin Farrell)出席《龙虾》(The Lobster)的首映红毯时,看起来如往常一般衣冠楚楚,然而在剧中他却大腹便便。为了给荒诞主义者欧格斯?兰斯莫斯(Yorgos Lanthimos)的黑色喜剧中的孤独主角增肥,法瑞尔大量进食高热量食品,其中包括融化了的冰淇淋。他告诉《好莱坞报道》(Hollywood Reporter),“在早晨10点享用2个芝士汉堡、薯条和可乐可不那么有趣,”他补充道,“不过我喜欢芝士汉堡。”

Fundamental Changes

他参照美国脱口秀节目主持人的话说:“我一直想和Jay Leno见面,”说这话之前他自己就笑了起来。达拉斯买家俱乐部明星Jared不以为然回应道:“对不起,你又叫什么名字?但观众们似乎意识到了两人之间尴尬的气氛,一位观众开玩笑说:“认为Jared Leto妄想Grinder看着他。”

Comparative Analysis

4.Noses That Smell Diseases
Martha Cherry took a cigarette out of her mouth, murmured, "I've been there," and resumed smoking. Marc was in shock (which, let's face it, is a pretty healthy response when you realize your own mother may or may not have had thoughts of murdering you while you bathed). He realized for the first time how desperate and lonely it could be to be a housewife. He realized then and there that he was upon a very good idea for a TV show. This conversation was the birth of Desperate Housewives.
时间:2009-11-19 编辑:vicki
勤勉尽责干事创业。
A lighthearted rom-com starring Adam Sandler and Drew Barrymore is the last thing you'd expect to mirror real life, but this comedy was in fact partially based on a true story. Sandler plays a veterinarian who falls in love with Barrymore, an amnesiac whose memory resets at the beginning of each day. He learns that Barrymore has replayed the same day over and over again since a car crash left her with a traumatic brain injury. Upset by the lie she has been living, Sandler's character makes a series of videos that explain her accident and her life for her to watch each morning.
蒂莫西·哈顿(Timothy Hutton)的小金人对归属问题做出了最好的答复,哈顿曾在影片《凡夫俗子》中表现十分优异,并成为奥斯卡金像奖最年轻的最佳配角奖得主。在数年前的一次聚会中,他的姐姐突然从冰箱里拿出小金人,和啤酒一起随机放在某处,使宾客们能够碰巧在路上拿到它,从而提提神。显然,现在它还在那里。
China hopes that the Asia-Pacific region will be one that enjoys order and stability, a region that is able to work out issues through consensus-building consultation, properly manage differences through dialogue and has the wisdom to resolve differences.
美国在2014年的新增工作岗位被设定为300万个—这是自1999年以来最大的增加量。新增工作岗位的增加预计在2015年将会对得到持续,这将确保消费者支出得到持续的动力;同时汽油价格的下降也将为家庭支出节省额外的开支用以购买其他的商品和服务。详见:汽油价格在2014年下降美国将会节省140亿美元开支。
在我们有别于从前的失常状态中,她用所需要的一切使人们联想到生活的失重感。“这是一个时代的终结吗?这是美国的末日吗?”她在《When the World Was at War We Kept Dancing》(《当世界陷入战争之中,我们要继续跳舞》)这首歌中吟唱着。“不,这只是开始。”
n. 代表,副手
chann管道+el表名词,“人或物”→航道
The remaining of the top 10 were the University of Luxembourg (second), Ecole Polytechnique Federale de Lausanne (fourth), University of Geneva (fifth), ETH Zurich - Swiss Federal Institute of Technology Zurich (seventh), University of St. Gallen (eighth), National University of Singapore (ninth) and Imperial College London (10th).
“如果你读了这本书,你就会发现,在这个故事里有个小插曲,我想那在某种程度上报复了邦德有些傲慢的态度。”
今年的诺贝尔生理学或医学奖花落一项细胞层面的实验成果。
At New Year and always, may peace and love fill your heart, beauty fill your world, and contentment and joy fill your days.

Potential Problems with Comparative Analysis

circulate圆,环+ion→发生,流通
艾米卡兹明(Amy Kazmin)

Conglomerates

Some companies (such as Compass Minerals or Amazon.com) defy industry classification. Compass Minerals is both active in salt mining and plant nutrition which are two very different business lines. Amazon.com is a major retailer. However, they also offer streaming services, cloud computing, and are active in voice-related artificial intelligence. When a firm is involved in many different industries, comparative analysis can be misleading or extremely difficult to implement.

Concentrated Industry

Some companies (such as Facebook) dominate an industry to such a large extent that it can be misleading to compare them to the industry norm. It may also be hard to find a sample of direct, publicly-traded competitors to put together a good comparison.

Who Uses Financial Statement Analysis?

女王每次都是飞机一停就像子弹一样迅速下飞机。
But the best answer to the Oscar statue display question comes from Timothy Hutton, the youngest person ever to win the Academy Award for best supporting actor. Hutton, who won the gold figurine for his role in Ordinary People, was apparently having a party a number of years ago. His sister popped the Oscar in the fridge alongside the beers so that guests would happen upon it en route to refreshment. The statue is apparently still in there.
Developer: Supermassive Games, Sony Computer Entertainment
It was the season of Light, it was the season of Darkness…

Company Management

9. Investors brains are so distracted, in denial, they won't get out in time.
1. Choosing a job based on compensation alone
Chinese Premier Li Keqiang delivers a government work report during the opening meeting of the fourth session of the 12th National People's Congress at the Great Hall of the People in Beijing, capital of China, Mar 5, 2016.
不断上演的进球大战正是本届世界杯精彩绝伦之处。
TWO Americans were awarded the Nobel economics prize yesterday for studies on the matchmaking taking place when doctors are coupled up with hospitals, students with schools and human organs with transplant recipients.
Mr Baweja agrees with this conclusion, noting that both South Korea and India, another net commodity importer, are exporters of refined oil products, the dollar value of which should rise this year.
毋庸置疑,改造比创造容易。任何曾经对着白纸一筹莫展的人都知道这一点。但是,在过去七年里,时尚界对60年代的普遍模仿至少暴露出,这个行业缺乏想象力——不只是对于服装和消费者缺乏想象力,而且对于文化与服装的关系也缺乏想象力。

Competitors

The Gwen Stefani campaign ran on several apps, including Tango, the Silicon Valley-based messaging app. Tango earns money on ads within a user’s inbox, but it has adopted Swyft’s platform because the ads are in line with the way people already use Tango, says Richard Rabbat, vice president of Advertising and Platform at Tango. A year ago, Tango decided not to sell stickers, because asking users for money creates too much friction, he says. “Putting a payment gate in the way of communication is not the right experience we want to give to our users,” Rabbat says. Ergo, ad campaigns from Swyft.
野村证券驻首尔策略师Michael Na表示:“这可能只是个开始。要惩罚韩国企业,他们有如此多的选项。”
但有些人可能就记住了胡子。

Long-term Lenders

*Directing for a Variety Series: Ryan McFaul, “Inside Amy Schumer”
In March, Ford completed its exit from the luxury car market by selling Volvo to China's Geely Automobile for $1.6 billion. Although the sale represents a sharp loss - the company paid $6 billion for the Swedish automaker eleven years ago - Ford posted an annual profit of $2.7 billion in 2009, its first profitable year since 2005. Assisted by the 'Cash for Clunkers' program (not to mention Toyota's accelerator woes), Ford recaptured its position as the nation's largest carmaker in February. Which is why Ford's CEO Alan Mulally can now look abroad, including big markets like India, where it recently introduced the compact Figo.
不过目前来看,这些潜在的乌云似乎都没有遮住特斯拉在帕洛阿尔托总部的阳光。特斯拉仍然坚持在2020年之前年产50万辆汽车的中期目标。这在很大程度上要取决于Model X是否有能力维持当前的势头。特斯拉已经大大提高了资本和研发支出,以确保Model X的顺利发布(虽然已经推迟了一年)。
8. 茱莉亚-罗伯茨 1200万美元
尽管给股东的分红正在缩水,但这些银行的分红数额仍占据中国所有上市企业分红总额的一半。去年,这16家银行报告的盈利占据上市公司盈利总额的52%。
The standout is "Him," a tear-jerker about queer love and cultural intolerance that, in its understated way, is an LGBTQ civil rights anthem.
“人们已习惯于这样的套路:美联储称要进行紧缩,结果当市场波动或其他风险浮出水面时,政策制定者便收回紧缩言论,呈现出‘如有疑问,按兵不动’的规律,”克普克说。
worthwhile
Few of the Fed's forecasts have proceeded according to plan over the course of the sharp economic downturn and choppy recovery, a fact that Fed officials now openly acknowledge. 'We have been disappointed in the pace of growth, and we don't fully understand why,' Fed Chairman Ben Bernanke said at his final news conference last month.
不是每个乐队都能在四十年的职业生涯中始终给人以清新的感觉,然而并非每个乐队都是金发女郎。
年度最佳歌曲:米兰达·兰伯特&布雷克·谢尔顿《Over You》
Temperatures in 2015 also shattered the previous record set in 2014 by 0.13C, according to Nasa.
人们揣测的重点在于黑莓健全的知识产权体系。黑莓拥有4.4万项专利,这一数值还在持续增长。比如就在去年10月,该公司就至少获得了27项专利,涉及领域涵盖电话会议界面、触摸屏,以及供智能手机、眼镜、健康腕带等可穿戴设备使用的安全功能等等。安全性仍然是黑莓业务中最大的卖点。只要问问索尼影视部门就知道了,在去年感恩节遭受黑客攻击后,他们“求助”了过时的黑莓才重新启动了通信设备。

Short-term Creditors

9.Use One Planner
President Donald Trump is the nation's first billionaire president -- but he's not as rich as he used to be, according to the Forbes 2017 Billionaires List published last Monday.
“LBS has a great student body, very diverse in terms of nationality, competitive and intelligent,” commented one American graduate from the class of 2012. “It also gave me the opportunity to study in the US [on exchange] without having to do a purely US-focused American MBA.”
The number of initial public offerings (IPO) and the amount of funds raised in the Chinese mainland's A-share market fell sharply year-on-year during the first half of 2016, according to statistics released by PwC last Monday.
前十强还包括排第二的卢森堡大学,第四的洛桑联邦理工学院,第五的日内瓦大学,第七的苏黎世联邦理工学院,第八的圣加仑大学,第九的新加坡国立大学和第十的帝国理工学院(伦敦大学)。
‘I Could Not Forget What Happened to Me That Night With Him’

Stock Investors

1 February
Blind people smile even when they have never seen someone smile.
11. Am I dwelling on the past? It is very tempting and almost involuntary to look back on the past and obsess over something we regret or something we miss. Learn to let go and only focus on what’s happening right now, and on the choices you will make today.
据《21世纪经济报道》称,广东去年的GDP增速为7.5%。
The Explore experience in Brazil is available on both iPhone and Android. Simply open Google Maps on your mobile phone and tap "explore food And drinks near you" at the bottom of the screen. Depending on where you are and time of day, Google Maps will share lists of food and drink locations around you, ranging from "best breakfasts" to "waterside dining", says Bryan Cheng, Product Manager, Google Maps.

Putting it All Together

One of the big challenges in financial statement analysis is that there are many factors that do not “follow the rules” and there are exceptions to everything. For example, a common rule of thumb for the liquidity ratios is that we want to see the current ratio at 2.0 or higher and the quick (acid test) ratio at 1.0 or higher. If these numbers are too low, it could be a sign that the firm is suffering liquidity issues and may have problems meeting its current liability obligations. Now, consider Wal-Mart. As of the Jan 31st, 2017 Annual Balance Sheet, Wal-Mart had a current ratio of 0.86 and a quick ratio of 0.22 (see financial ratios table in 广州住房公积金租售中心上线, in Appendix B. At first glance, it would appear that Wal-Mart is on the verge of bankruptcy as they will not be able to pay their current liabilities. However, does anyone really believe Wal-Mart is in a financial crisis? I didn’t think so. Instead, they know that their inventory will turn over quickly and they have access to capital so they don’t need to hold much in current assets (beyond their inventory). This is a strategy that allows them to earn higher rates of return. Another firm with slower inventory turnover, less favorable relationships with suppliers, or less access to capital may be in severe problems with the same (or even slightly higher) ratios. Also, consider that when liquidity ratios are too high, that can also be considered a problem as it indicates firms are being inefficient in allocating their resources (long-term assets generally offer higher returns than current assets). However, Facebook has a current (and quick since they don’t have any inventory listed) ratio of nearly 12 at the end of their 2016 fiscal year. Does that imply that Facebook is not smart enough to properly allocate their capital or might there be other explanations for their high liquidity ratios? The key here is that it can be harder than it may seem to identify “good” or “bad” levels for ratios.

The cemetery was found in the city of Kucha, which is located in present-day northwest China. Ten tombs were excavated, seven of which turned out to be large brick structures.
门萨智商测试的参试者必须是超过十岁半的儿童,测试包括两部分独立的行业标准评估。一部分主要测试语言推理能力;而另一部分包含表格和图形,测试视觉和空间逻辑能力。而来自坦姆赛德的妮诗在第一部分卡特尔III B测试中得到了最高的162分,在第二部分的文化能力量表(Culture Fare Scale)中得到了142分,该测试结果使她名列英国智商最高的前1%人群,而门萨测试成绩前2%的参试者都可以成为门萨会员。
对民主主义者而言,此类原始情绪的爆发之所以令人担忧是因为它们很难遏制。
联系方式:Kathy Michalove, Seaboard Properties, (860) 535-8364; seaboardpropertiesre.com
不像这篇文章中其他的人造物品,人工胰腺并不处于前期研究阶段,这个装置确实存在,而且在今年9月份得到了FDA的销售许可
自从这家技术公司十年前开始发布这一年度报告以来,这是新闻首次成为最热门的搜索项。搜狐资深编辑兼网络趋势分析师陈女士(Vera Chan)说,出于各种原因,英国石油公司漏油事件成为了最热门的搜索话题。
将第1题到第9题的分数相加,计算自己在“消极情感”维度的得分。
现年22岁的劳伦斯是《饥饿游戏》电影系列的女主角,她还可能凭借在电影《乌云背后的幸福线》中的表现获得奥斯卡提名。
注:本文转载自前十网,译者:Carrie
4. We were wrong - the testes are connected to the immune system after all. Researchers have discovered a "very small door" that allows the testes to send one-way signals to the immune system, and it could explain why some men struggle with infertility, and why certain cancer vaccines keep failing.
n. 土耳其
普京对俄罗斯经济做出积极评价。他说,经济已渡过危机,至少渡过了危机的高峰。
根据质检总局提供的数据显示,相比于通过网购平台进口的商品,通过其他渠道进口消费品的质量要高一些,不合格率仅为29%。
For the students interested in comparing school options around the world, US News released the fourth edition of its annual Best Global Universities rankings.

2016全球大学国际化水平排名是由《泰晤士报》高等教育从28个国家的200所大学选出的。它采用了几项指标来衡量,比如国际员工的比例,国际学生的数量,每个学院至少有一个不同国家的作者合著的研究论文出版等。
“One employee’s parents contacted the company to let us know their son was resigning.
Detroit Three: The other two Michigan-based manufacturers still face bumps. General Motors copes with continued fallout from its ignition switch recall while Ford fights through the most aggressive launch period in the company’s history.
adj. 保守的,守旧的
Newly launched Eleven James is bringing collaborative consumption to men’s watches. With a membership program offering access to a curated collection of high-end watches, Eleven James is extending the membership model that has previously been associated with private jets, luxury cars and vacation homes. Beyond the watches, members are enrolled in a dedicated loyalty program which includes a concierge service, access to partner benefits and unique experiences like watch-themed events. Sounds a little bit like men’s watches meet a Net Jets experience? Founder Randy Brandoff has deep experience in luxury marketing, having previously served as the Senior Vice President and Chief Marketing Officer of Net Jets and the Executive Vice President and Chief Marketing Officer of Marquis Jets. Combining his expertise with a watch industry that’s grown year over year and a business model that’s proven successful in other markets, it looks like Eleven James could be hitting the market at just the right time.
以下将007系列电影官方主题曲按受欢迎程度由低到高进行排序。其中还荣誉推荐了两首有可能不属于官方歌曲的曲子。它们一样很好听。
A spokeswoman for Harvard University declined to comment on the report. "We do not comment publicly on the admissions status of individual applicants," Rachael Dane wrote in an email.
In the original casting, Michael Keaton was set to play the character. However, ABC executives begged the writers and producers to keep Jack alive. They believed the character was too likeable to die off so quickly. The writers agreed. Michael Keaton was not interested in signing up for a long-running show. Instead, the role of Jack was given to Matthew Fox. The rest is TV history.
Song “Super Shero”(S.H.E.)
?Bond is by no means a comedian but he knows the power of a well-timed one liner. Women are attracted to funny men because humor is a sign of intelligence. You can even predict how many women a man has slept with by how funny he is.
3. Learn from others.
施密特在接受采访时问道,“为什么我们接连看到如此多的创纪录温暖年度?这是因为地球正在变暖。根本的问题是,这是一种长期趋势,这种趋势不会消失。”
"Based on experience from previous years, the number of applicants could sharply increase as the application window closes, especially during the last three days of application," an unidentified official with the Ministry of Human Resource and Social Security said on the ministry's website.
Format: Five residential periods with online learning in between
4=是
adj. 群众的,大规模
路透社(Reuters)以中国国家统计局发布的70个大中城市的数据为基础,计算得出的加权平均值显示,新建住宅均价同比上涨12.6%,涨幅较10月份仅高了0.3个百分点,而前几个月经常一下子出现一两个百分点的跃升。
[r?b]

adj. 暴露的,无掩蔽的,暴露于风雨中的 v. 暴露,
There were more than 8m Chinese tourist arrivals in the country last year — up 36 per cent year-on-year, said Mr Wang. The numbers had continued to increase even after Seoul announced the deployment of Thaad, he added.
吉尔伯特说:“我们很容易看到,在当下的市场中,领头羊们都处在相当脆弱危险的地位。看看他们在每款新设备上做出创新的速度,我们可以很明显地发现这一点。”
这种插秧机只需几分钟便能种植数排幼苗。可节省88%的种植时间。
China hopes that the Asia-Pacific region will be one that enjoys order and stability, a region that is able to work out issues through consensus-building consultation, properly manage differences through dialogue and has the wisdom to resolve differences.
中国的网红经济发展到今天,经历了三个阶段:第一个阶段是文字时代,第二个阶段是图文时代,现在这一阶段是要归功于宽带的可用性的视频时代。
n. 锦标赛,冠军,拥护
在主持过去年的奥斯卡颁奖典礼、之前的格莱美奖及艾美奖之后,她无疑是这个角色的最佳选择。
越南昆岛——越南昆岛曾是臭名昭著的昆岛监狱所在地,由16座独立的小岛组成;现在,它的美景及海鲜正变得越来越有名气。
在讲故事的时候,历史片和故事片各有所长,不过,时不时也会出现无法归入其中任何一类的电影。这些故事十分离奇,但字里行间又透着现实。这些电影非常有趣,观众却常常完全不知道,他们正在看的情节真的发生过。好啦,别猜了!读下去,你就能认识几个好莱坞的古怪剧本,都是受到狗血现实生活的启发。
Hurun Chairman Rupert Hoogewerf said: "Those entrepreneurs should be called 'super wealth creators' instead of simply 'rich people', which could highlight their contribution to China's society and economy."

在假日旅行最佳航空公司的排行榜上,夏威夷航空公司(Hawaiian Airlines)遥遥领先,紧随其后的是另一家主要经营太平洋海岸业务的阿拉斯加航空公司(Hawaiian Airlines)。相反,根据FlightAware的数据显示,假日旅行期间最差的航空公司是总部位于纽约的捷蓝航空公司(JetBlue Airways),经营区域航线的快捷航空(ExpressJet)排名倒数第二。
cerebr脑
2013年到中国旅游的外国游客还是选择避开了北京。
当你需要帮助时,你应该联系你的人脉资源——这正是他们存在的原因。无论你需要他人为你打气,还是想要寻求积累技术经验的建议,你的导师、同事和经理都能为你提供帮助。今天,你可能不知道如何开展某项工作,但你或许足够聪明,能够找到能帮你掌握这种技能的人。一旦你做到这一点,千万不要放松,因为前方总会有其他挑战在等待着你。
英国门萨首席执行官约翰·斯蒂门尼奇说他为妮诗感到高兴。他说:“我希望她能充分利用好成为门萨会员的机会,结交志趣相投的新朋友,不断挑战自己。加入门萨,就为你打开了一扇大门。门萨是一个会员超过10万人的世界网络,很多会员会成为终生好友。”
"It became an issue about so many things, such as the environment, energy, workplace disasters and the role of big government. It became a lightning rodfor peoples' anxieties," she explained.
But the carriers are having a more difficult time over the winter holidays. About 30 percent of winter holiday flights were delayed in 2012, on top of significant delays in 2011 and 2010. You can check holiday flight statistics from the Transportation Department on its website.
工业企业利润由上年下降2.3%转为增长8.5%;
位于第三位的是收入5.95千万的Fleetwood Mac,尽管这支乐队有三位男士,它也以拥有两位备受瞩目的女星为荣,她们是史蒂薇.妮克丝和最近回归的克莉丝汀麦克,是她们造就了本次上榜。乐队的巡回演唱会On With The Show在打分期间共有86场演唱会,在每个城市平均挣得超过1百万。
2016年即将上映的电影都是鸿篇巨制,众多佳片能让你一饱眼福。这些影片包括:《蝙蝠侠大战超人:正义黎明》、《美国船长3:内战》、《神奇动物在哪里》、《海底总动员2》、《星球大战:侠盗一号》、《X战警:天启》、《独立日2:复活》、《魔兽世界》以及《自杀小队》等。
To be sure, that excitement can certainly lead to unrealistic declarations from those in the community. Some bitcoin developers and investors proclaim that within five years, all the major banks will be accepting bitcoin. That’s a stretch, acknowledges Peter Smith, COO of the bitcoin wallet Blockchain (not to be confused with the actual bitcoin block chain). “I hear a lot of predictions about how soon the whole world will be using bitcoin, and most of the time, those are unrealistic,” he says. “What we’re trying to do as an ecosystem is incredibly audacious, so it’s going to take a lot of time.”
LBS’s programmes consistently rank highly for the extent to which alumni reach their targets. “I managed to achieve not only the goals I set for myself but to exceed them with the job I secured,” says one 2010 MBA graduate who responded to the FT survey.
当年辛普森(OJ Simpson)杀妻案的审判就说明,再也没什么能比谋杀和名人的组合更能引发公众的集体亢奋了。再加上253号班机爆炸未遂案、几十个恐怖分子、审判律师、公诉人、政客以及911遇难者家属的激动情绪,足够在你面前上演一出长得如同滔滔江水延绵不绝的连续剧。
As a result, business investment in key areas such as equipment has been historically weak for a U.S. recovery. A slowly improving jobs picture and rising household wealth could spark a virtuous cycle of stronger consumer spending, increased business confidence and rising investment. If it doesn't, the year could be another letdown.
在过去的一年中,20多个省推出鼓励学生创业的政策,在创业期间,允许学生休学2至8年,并保留其学籍。然而,很多行业内部坚持学生应该首先完成学业,并先工作几年。
Throughout Downsizing, I kept asking myself what the point of all of this was, never engaged by its hodgepodge of themes. I wish the filmmakers had asked that question too.
创造就业和削减赤字将成为华盛顿在2010年选举之年的孪生执念。不过,这两样一个都成不了现实。

Key Takeaways

The show started with a circus theme, complete with acrobats, a sword-swallower and a man on stilts. Justin Bieber, Rihanna and Bruno Mars performed.
现在的假手除了具备手的外形外,几乎没有其他功能。当然,这些假手能够拿东西和保持身体平衡,但是它们缺乏人手最重要的功能之一——触感。装了假手的人在碰触到一样物品时,如果不用眼睛看,是没法判断东西的。
In the next few years, by 2018, theincrease to $1.3 trillion will be due to about $100 billion on hepatitis Cdrugs, the same sums spent on cancer treatment, and $78 billion on diabetescare.
12) I often find myself worrying about something 0 1 2 3 4
华特迪士尼公司(Walt Disney)首席执行官、自2011年起成为苹果董事会成员的鲍勃?伊格尔(Bob Iger)说:“人们说他外表冷淡,但他是个非常有激情的男人,而且勇于站出来捍卫自己的信仰。无论对个人生活还是对苹果,他都是如此。”
The proposed amendment, which is expected to come into force on Jan 1, contains a clause stipulating extended maternity leave and other welfare for couples having children. These are expected to boost the willingness of some couples to have a second child. Many couples have expressed reluctance to have a second child because of the high costs of bringing-up two children and the prejudice they anticipate from employers.
Hilcorp Energy
我曾经看到经理们因为工作环境大都是男性所以没有雇佣一位女性。他们不会在乎那个女人有多聪明,多厉害。她就是不合适。
7. The 2012 Ig Nobel Physics Prize
Bingo! In fewer than 20 words it combined five previous years’ winners, only to say nothing at all. With a heavy heart, I award eBay my overall Golden Flannel Award for 2016.
201012/122342.shtml
May the New Year be a time of laughter and real enjoyment for you. Best wishes.
“He’s informal, candid and approachable,” says Ginni Rometty, chief executive of IBM, who praises him as “very authentic. It’s the hallmark of a modern CEO. What you see is what you get.”
TAXES: Approximately $41,684 a year
其他入围者分别是:《失去信号:黑莓离奇崛起与惊人陨落背后不为人知的故事》(Losing the Signal: The Untold Story Behind the Extraordinary Rise and Spectacular Fall of Blackberry),作者杰基麦克尼什(Jacquie Mcnish)和肖恩缠尔科夫(Sean Silcoff)回顾了黑莓是怎样偏离了航向;《数字黄金:比特币背后不为人知的故事》(Digital Gold: The Untold Story of Bitcoin),作者纳塔涅尔波佩尔(Nathaniel Popper)审视了虚拟货币比特币的崛起;《音乐如何变免费:一整代人犯下同样罪行的后果》(How Music Got Free: What Happens When an Entire Generation Commits the Same Crime?),作者斯蒂芬威特(Stephen Witt)介绍了盗版和对等网络共享(P2P)扰乱唱片业的历史;《做不完的事:女人、男人、工作、家庭》(Un滻椀猀栀攀搀 Business: Women Men Work Family),作者安妮-玛丽斯劳特(Anne-Marie Slaughter)在书中讨论了实现性别平衡面临的挑战,以及《行为不端:解读行为经济学》(Misbehaving: The Making of Behavioural Economics),作者理查德泰勒(Richard Thaler)追踪了行为经济学的发展。
谎言7:没错,约翰昨晚是和我在一起。说谎原因:这就是朋友该做的事。等下我们两个还要通通气,以免穿帮。

Exercises

Question 1

cheerfulness
“If lenders are too optimistic during market booms and too pessimistic in downturns, that could be a good reason for authorities to set conservative capital requirements,” he suggests. “Higher haircuts might dampen the initial run-ups, but they could also dampen the subsequent fallouts when tides turn.”

Question 2

“纽约人正逐渐意识到,这一漫长的繁荣期已对我们眼中的经典纽约市容造成了破坏,”历史街区保护委员会(Historic Districts Council)的执行董事西蒙·班考夫(Simon Bankoff)说,他同时指出,2015年将是纽约市通过《地标建筑保护法》的50周年。“环顾左右,那些总被我们认为是一成不变的东西,却都在纷纷关门闭户。”

Question 3

No matter whether you’re looking for big international events, delicious food, natural wonders or simply relaxation on a beach, these places should be on your checklist.
最佳迷你剧/电影:《美国罪案故事:公诉辛普森》(“The People v. O. J. Simpson: American Crime Story”, FX)

Question 4

她声名在外,母亲不得不为她雇了专人保镖团队,全天24小时保护她的安全。
Many successful entrepreneurs started later in life. J. K. Rowling (Harry Potter author), Julia Child (chef), and Sam Walton (Wal-Mart) all started their wildly successful brands after they were comfortably along in their lives. Having the experience that comes with age can give you a unique outlook on your business. Life experiences bring depth that the most educated young adult, by his or her nature, is less able to foresee.
Phil Baty, editor of THE rankings, said: "China has introduced powerful policy drives, backed with serious funding, to produce world-class universities. In 2015, the country announced its excellence initiative, which aims to establish six of its universities in the leading group of global institutions by 2020."

Question 5

本次国考招录共有120多个中央机关及其直属机构参加,计划招录2.7万余人,与上一年度规模基本持平。
The ranking is based on surveys of schools and alumni who graduated in2011. This edition gives a snapshot of alumni’s situation compared with when they started the programme.
According to the National Business Daily, the 16 listed banks plan to return 356.2 billion yuan to shareholders as cash dividends in 2015, a decrease of 8.3 billion yuan from the previous year.

Question 6

Oops. Better luck in 2015, everybody.
Comic skit “Dance If You Like” (Cai Ming and Pan Changjiang)
新年就要到了,让我们给那些久未联系的朋友送封英文新年祝福邮件,表达一份深深的祝福吧!
'In total I've spent about £5,000 in three months on my three girls. One dress cost me $200 and she only wore it twice before she grew out if it - but I don't intend to lower my spending.
大力推进社会体制改革。
A lot of the best James Bond theme songs sound like they belong in a lounge act. That's not a complaint, just an observation. For whatever reason, the English new wave act Duran Duran was given free reign to provide A View to a Kill with a new and exciting sound all its own. "A View to a Kill" was a hit song, and it probably would have been a success even without the James Bond connection. It's entertaining and cool and energetic, and it promises one hell of a good time. (Whether or not the movie actually lives up to that promise is a matter of some debate.)
Sales of counterfeit products represent nearly 45% of those cases, 18.2% higher than last year. Bad feedback from consumers, frequent returns of goods, and complaints have been plenty. Some sellers use unreal low price as a business trap to promote their products.
For co-founder Harper, a top priority for the next 12 months is shoring up Bigcommerce’s internal technical talent and creating services that help merchants build closer customer relationships. One example is offering data that helps store managers track “abandoned carts” and offer deals that help turn browsers into buyers. This can help merchants quickly add 15% to their monthly sales, he said.
中国最高质量监督部门日前表示,去年通过网购平台出口到中国的消费品,超过40%是不合格的。

Question 7

多地对“租房贷”开展调查!长租公寓付款过程有哪些“坑”?

A) Quarterly Income Statement
B) Annual Income Statement
C) Quarterly Balance Sheet
D) Annual Balance Sheet

Question 8

I'm not worried about Philly, Phoenix, or Minnesota. They're young, they're rebuilding. If they make strides, great. If not, take another high pick. The Nets are the Nets and we should talk about them in a minute.
这封情书是寄给一个叫做Clark C Moore,但是现在已经改名为Muhammad Siddeeq先生的,由于这次改名,让这封信找到真正的收件人变得尤为困难。
The winner will be announced in March, and is expected to have a significant impact on the direction of the consultancy. Some insiders favour candidates with expertise in fast-growing areas such as data analytics, whereas others want a traditionalist who will protect the firm’s brand.

Question 9

The average pay for executives in educational companies was the lowest, just over 2.8 million yuan and about one tenth that of their counterparts in the financial sector.
伊纳里图表示:“我差点忘记感谢所有参与拍摄的美国印第安人了,没有他们,这部电影不可能拍摄出来。我能够和这些人一起活着拍完这部电影,心中的惊喜和骄傲难以用语言表达。”

Question 10

Taylor Swift has been named the most charitable celebrity of 2012.

Question 11

Celebritites always seem to have a better life than the rest of us;nicer house,cooler cars and even cuter children.Just look at these pictures of Shiloh Jolie-

Question 12

Some hits have gone so far over the top they should be winded, yet instead keep on puffing gusts of hot air, including “Downton Abbey,” “Scandal” and “Revenge.” A new addition on ABC, “How to Get Away With Murder” was a fun substitute, a lurid nighttime soap opera about lawbreaking defense lawyers — “Law & Disorder.”
中国仍然是世界经济复苏乏力情况下推动全球增长的重要力量。
《三生三世十里桃花》
Over the first weekend of 2015 the second-largest bitcoin exchange, Slovenia-based Bitstamp, was victim of a hack to the tune of some $5 million U.S. dollars’ worth of the digital currency. As the tech press were quick to point out, it was a worrisome start to the year for a digital currency that Quartz had already declared “the worst investment of 2014.” And if you look at its performance between Jan 1, 2014 and Jan. 1, 2015, that’s not wrong: bitcoin ended the year at 39% of the value it started with.

Problem 1

Using the 上半年建材行业实现利润同比增长18.2% in Appendix B, find the following ratios for both 2016 and 2017

1a. Current ratio
1b. Quick ratio (Acid Test)
1c. Inventory Turnover Ratio
1d. Days Sales Outstanding (Average Collection Period)
1e. Fixed Assets Turnover
1f. Total Assets Turnover
1g. Total Debt to Total Assets (Debt Ratio)
1h. Total Debt to Equity
1i. Times Interest Earned
1j. Gross Profit Margin
1k. Net Profit Margin
1l. Return on Assets
1m. Return on Equity
1n. Price Earnings Ratio
1o. Market-to-Book Ratio
1p. Dividend Yield

Problem 2

Using the 10月销售明显好转 上市房企进入年终业绩冲刺期 in Appendix B, prepare common size income statements and balance sheets for 2016 & 2017.

Problem 3

Will a nation other than Brazil, Germany or Spain win the World Cup
清华大学的毕业生以毕业五年后平均月薪14822元高居榜首。39所高校生跻身万元户行列。此外,共有185所高校的毕业生平均月薪突破8000元大关,789所高校的平均月薪突破了6000元大关。

3a. Current ratio 1.75
3b. Quick ratio 1.00
3c. Inventory Turnover Ratio 4.75
3d. Days Sales Outstanding 50.0
3e. Fixed Assets Turnover 1.30
3f. Total Assets Turnover 0.50
3g. Total Debt to Total Assets 0.55
3h. Total Debt to Equity 1.22
3i. Times Interest Earned 3.25
3j. Gross Profit Margin 46.53%
3k. Net Profit Margin 4.88%
3l. Return on Assets 4.17%
3m. Return on Equity 12.02%
3n. Price Earnings Ratio 24.15
3o. Market-to-Book Ratio 3.98
3p. Dividend Yield 1.99%

Problem 4

据悉,大多数借款的女性年龄都在19到23岁之间。
vi. 过活,进展,进食
大力优化外商投资环境。
然而,在毕业3年后,担任部门负责人或以上级别职位的女性(59%)显著少于男性(68%)。
卓越雇主排名:63
author权力,权威+ixation表名词,来自-ize+ation,“…化”或“发展过程”→授权,批准
Funded partly by firms and companies, the charity places top graduates in schools serving low-income communities for at least two years, knowing full well that many of them will leave the profession at the end of this period.
9.The Bling Ring

 

Solutions to CH 2 Exercises

 

Student Resources

一线城市房贷利率重回8折 业内:再下调可能性小

经济整体升级势不可挡 家居企业的春天正在到来

根据中国海关的数据,今年头十个月,中国对美国出口同比增长5.2%,对东盟(Asean)国家出口同比增长3.7%。

Attributions

Image: Walmart by Mike Mozart is licensed under CC-BY 2.0

Image: Analyzing Financial Data by Dave Dugdale is licensed under CC-BY 2.0