It was on last Christmas Day _________ the boy got a new bike as a gift.
A.when
B.which
C.while
D.that
A.when
B.which
C.while
D.that
The elaboration in the last but one paragraph concerns______.
A.one drag on the development of triathlon
B.the rapid supplant of triathlon
C.one notion advanced by Chris Brasher
D.the emergence of overwhelmingly white and middle class
Encompass is one of a small group of funds that have a "go-anywhere" mandate (meaning they can invest in essentially any type of security), and Gissen wields that power freely. Late last year, for instance, his fund had about 20 percent of its assets in gold-related investments. Despite all that, Gissen's attitude toward risk is surprisingly straightforward: "We don't like risk," he volunteers.
This, of course, begs the question: What exactly constitutes a risky portfolio? "When people think about risk.., they think, 'What's going to be the next AIG or the next Enron?'" says Chris Konstantinos, a portfolio risk manager at Riverfront Investment Group, a Virginia-based advisory firm. "That's a really important risk, but it's not the entire side of the risk equation. It's just one piece. "
Lately, the market has shone a light on an entirely different type of risk, one that's far more paradoxical and difficult to grasp. "Sometimes the biggest risk you can have in your portfolio is not having enough risk," says Konstantinos. "And certainly since March of 2009, that's clearly been the case. "
Advocates of this philosophy point to two main scenarios. In one, a traditionally safe asset class falls off, pulling the rug out from underneath investors who were overexposed to it. That's what many analysts expect will happen to bond investors once interest rates start creeping up. In the other, a risky type of investment takes off, leaving those who don't own it behind in a cloud of dust. That's what occurred when consumer discretionary stocks surged during last year's rebound.
In both scenarios, the advantage goes to investors with portfolios that are traditionally seen as risky. The challenge, of course, is achieving the right balance. Many investors can't stomach the swings associated with funds like Gissen's, but there's middle ground to be found. "The right way to look at risk is to look at it from a portfolio construction perspective, which means that in a highly diversified portfolio, there's room for what's perceived as risky kinds of investments," says Konstantinos.
Most managers tend to invest portfolio that ______.
A.has the highest value
B.doesn't contain too much risk
C.is more risky than any others
D.can get more returns
This could have a chilling effect on innovation and risks stifling emerging technologies with rules designed for another age, says Chris Marsden of RAND Europe, a think-tank that has analysed the potential impact of the proposed rules for Ofcom, Britain's media and telecoms regulator. "Regulators have to be thoughtful. They cannot predict the future of television "or the internet—no one can," says Niklas Zennstr. m, a co-founder of Skype, who is now setting up an internet television firm.
The proposed rules may be unrealistic as well as onerous. The idea that websites can be regulated like broadcasters, which are required to keep strict records of what they show in order to help watchdogs investigate complaints, is untenable. Firms could simply relocate outside the European Union to escape the new rules. Last week Ruth Hieronymi, a member of parliament, said she would introduce wording that might help to overcome some of the objections.
Behind the debate is the question of how best to balance competition and protection. Traditional broadcasters worry that they will be shackled by regulations while brisk start-ups can do as they please—so they like the idea of extending regulation to their new rivals. But even if the rules are approved as they stand, they will not come into force until 2010. Such a long, slow process seems incongruous given the pace of technological change.
The change of television can be attributed to______.
A.the scarce spectrum and only small number of stations existed
B.advancement of technology
C.the preference of different audiences
D.Europe's attempt to update the rules
The idea of Chris DiBona, according to the text, is enriched by ______.
A.T-shirt sales
B.open-source
C.programmers' talent
D.others' wisdom
Chris Even’s husband is from ______.
A.England
B.France
C.the U.S.
D.Australia
Barbie is going through a midlife crisis. After (1)_____ with longtime boyfriend Ken earlier this year, she has (2)_____ refuge in shopping, surfing, bubble baths and partying with a crew of trendy pals on the beach in Jamaica. At 45, she even made a (3)_____ for the White House.
Then there was the makeover: a new. (4)_____ of Paul Frank fashions, her own fragrance, a new musical and a new man-spiky-haired Australian surfer Blaine.
But, she (5)_____ is going through a crisis, one that started at the cash register. (6)_____ the Barbie brand as a whole (7)_____ $3.6 billion in global retail sales this year, according to manufacturer Mattel Inc., Barbie has (8)_____ sales slide over the past seven quarters. In the past few years, rivals (9)_____ the edgier Bratz have upstaged the iconic doll.
To re-energize its flagship brand, the world's largest toy maker set out to (10)_____ Barbie and her pals in a (11)_____ of books, magazines and animated films, hoping the story lines would (12)_____ sales of the doll and her trove of accessories.
For girls ages 6 to 9, Mattel crafted stories with preteen scenarios—dance parties, dating and shopping. Barbie's look now (13)_____ reflects current fashion trends. Mattel signed diva Hilary Duff to (14)_____ the brand.
"She's the 'It' girl for the Barbie set," said Chris Byrne, an independent toy consultant and editor of the Toy Report.
Mattel is (15)_____ the story-line concept to new and existing doll lines across Barbie's (16)_____, though only about two-thirds of the new toys will be in stores this year, with the (17)_____ arriving in 2005.
"We need to make progress in regaining the confidence of retailers, and that (18)_____ time," Robert A. Eckert, Mattel's chairman and chief executive, told Wall Street analysts last month.
Perhaps a bigger (19)_____ for Mattel is persuading parents and children that Barbie is cool. That cachet has eluded the brand in recent years, particularly among older girls, many of whom either have lost interest in dolls or (20)_____ Bratz.
A.dividing
B.bursting
C.splitting
D.cracking
Henry: Well, I arranged with Bob and Chris to meet me here for a drink, but __________
Tom: They are probably held up by the traffic.
A. I wonder what it is.
B. they came late.
C. neither of them has turned up.
D. you can never tell.
A.Chris Psul
B.Jimmy Butler
C.郭艾伦
D.Russell Westbrook
“it’s only fair, ” mr. el explained to his new fourth graders as they stood in line waiting for the lunch bell 3 , “that we turn things around. every year you guys line up in alphabetical order(按字母次序). alphabetical order to go to lunch, to go to gym, to go home, and so on. this year we’re using reverse(相反) alphabetical order.”
mindy vale put her hand down as mr. el pointed 4 her. “i’ve always had to stand at the back of the line, ever since kindergarten! now i’m near the 5 . thank you, thank you!”
the teacher smiled. 6 , he called on christopher cash, a serious and thoughtful young man. “mr. el, i think you should 7 ” this policy. this is very drastic and unnecessary. this could confuse our fragile young minds!
“put a lid on it, chris!” shouted david tyler.
“we won’t have any outbursts like that, david! ” mr. el said firmly. he turned 8 “don’t 9 , christopher. we only have strong minds in this class.” christopher.
“how many of you think this is a good idea? ” mr. el asked. as you would probably 10 , most of the hands that went up were in the latter half of the line.
1. a. hated b. liked c. heard d.needed
2. a. no b. that c. his d.her
3. a. ring b. to ring c. ringing d. rung
4. a. out b. for c. in d. to
5.a. last b. front c. bottom d. forward
6.a. so b. therefore c. then d. after
7. a. reconsider b. carry c. think d. make
8.a. at b. in c. toward d. down
9. a. move b. worry c. scream d. speak
10. a. expect b. doubt c. forget d. review