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设函数f(x)在(-1,1)内具有二阶连续导数,且满足f’(0)=1,则=______.
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Ⅰ设fx在[ab]上具有三阶连续导数写出fx在[ab]上带拉格朗日余项的二阶泰勒公式.Ⅱ设函数fx在
设奇函数fx在[-11]上具有二阶导数且f1=1证明存在ξ∈01使得f’ξ=1
设fx是[-11]上具有二阶连续导数的偶函数且f0=1试证明级数绝对收敛.
设函数fu具有二阶连续导数z=fexcosy满足若f0=0f′0=0求fu的表达式
设fx在-11内具有连续的二阶导数且函数在-11内连续则f0=______.
设z=f[xgyx-y]其中f具有二阶连续偏导数g具有二阶连续导数求
设函数z=fxyygx其中函数f具有二阶连续偏导数函数gx可导且在x=1处取得极值g1=1求
设函数fx在-11内具有二阶连续导数且满足f’0=1则=______.
设fx在[-11]上具有二阶连续导数且f0=0试证在[-11]上至少存在一点c使
设fx在[0+∞上具有二阶连续导数且f0>0f’0<0f’’x≥k>0试确定fx在0+∞内零点的个数
设函数fuv具有二阶连续偏导数且y=yx是由方程f2xy-x=1所确定的隐函数则y=______.
设奇函数fx在[-11]上具有二阶导数且f1=1证明存在η∈-11使得fη+f’η=1.
设函数fxy具有连续的一阶偏导数f11=1f’111=af’211=b又φx=fxf[xfxx]求φ
设z=f[xgyx-y]其中f具有二阶连续偏导数g具有二阶连续导数求
设函数f具有二阶导数且f’≠1.求由方程x2ey=efy确定的隐函数y=yx的一二阶导数.
设偶函数fx在区间-11内具有二阶导数且f″0=f′0+1则f0为fx的一个极小值
设fx在-11内具有连续的二阶导数且函数在-11内连续则f0=______.
设函数fx在-11内具有二阶连续导数且满足f’0=1则
设x=fuυ有二阶连续偏导数且则函数fx2-y22xy在x2+y2=1上满足=
设函数u的全微分du=[ex+f’x]ydx+f’xdy其中f在-∞+∞内具有二阶连续的导数且f0=
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WhileAmericanshavebecomeevermoredependentuponelectricityintheirdailylivesacrucialpartofthesystemthatsupportstheirwayoflifehasnotkeptup.Yesthecountryhasbuiltmorepowerplants—enoughtocreateaglutofpowerinmostpartsofthecountry.41______. California’sdisastrouspartialenergyderegulationandtheroleplayedbyEnronandotherenergymarketingcompaniesinitspowercrisishaveimpededchangesinthenationalabilitytodeliverpower. 42______.Moreoverthedeficiencyalsoincludesinadequatecoordinationamongtheregionsinmanagingtheflowofelectricity.TheseinterregionalweaknessesaresofarthemostplausibleexplanationfortheblackoutonThursday. 43______.Theproblemiswiththesystemofrulesorganizationandoversightthatgovernsthetransmissionnetworks.Itwassetupforaverydifferenteraandisnowcaughtinadifficulttransition. Thetransmissionnetworkswerebuilttoserveautilitysystembasedonregulatedmonopolies.Intheolddaystherewasnocompetitionforcustomers.Todaythemissionistoconnectbuyersandsellersseekingthebestdealirrespectiveofpoliticalboundariesandlocaljurisdictions. 44______.Yetthepowerindustryisprobablynotevenhalfwaythereinitsshiftfromregulationtothemarketplace.TheCaliforniapowercrisisandthepower-tradingscandalssentregulatorsbacktothedrawingboardslowingthedevelopmentofnewinstitutionsrulesandinvestmenttomakecompetitivemarketswork. 55______. [A]Overallformorethanadecadethepowerindustryhasbeenstrugglingwithhowtomovefromtheoldregulationtothenewmarketplace.Thisshiftwasdrivenbytheviewthathalfacenturyofstateregulationhadproducedpowerpricesthatweretoohighandtoovariedamongstates.FactoriesandjobsweremigratingfromstateswithhighelectricpowerpricestothoseWithlowerprices. [B]ButthetransmissionsystemiscaughtinthemiddleofthestalledderegulationoftheAmericanelectricpowerindustry. [C]Asaresultthedevelopmentoftheregionaltransmissionorganizationsiserratic.Morethanone-thirdofthepowertransmittedisnotunderthecontrolofregionaltransmissionorganizations.Somestatesfearthattheircheappowerwouldbesuckedawaytoothermarkets;othersdonotwanttosubordinatestateauthoritytotheFederalEnergyRegulatoryCommission. [D]Itwasunclearwhenthewaterswouldrecedenevermindwhenlifewouldreturntonormal.Powermaynotberestoredforweeks.Lootingtoo.Begantospiraloutofcontrol.Mr.Naginwhosaidthecitymightbeuninhabitableforthreemonthswasforcedtoorderpolicetoconcentrateonstoppingcrimenotsavingpeople. [E]What’spreventinggreaterconnectionandcoordinationbetweenregionsThetechnologyexistsandisavailable;theeconomicbenefitsofrelievingthebottlenecksbetweenregionsfarexceedsthecostsbymanybillionsofdollars. [F]Yetdespiteclaimsinthewakeoflastweek’sblackoutthatthenationhasa"thirdworld"powergridtheregionalnetworksarefirstworld.Butinonecriticalaspectthesystemhasbecomeincreasinglyvulnerable:intheinterconnectionsamongthedifferentregions.Boththenumberandsizeofthewiresonthebordersbetweenregionsareinadequatefortherisingflowofelectricity.Thismissingpartcreatestheworstbottlenecksinthesystem. [G]Sinceenteringtheoverseaspowermarketin1993KEPCOhasestablishedseveralachievementsthroughitsdistinguishedinternationalbusinessstrategiestopromoteelectricpowerdevelopmentoftheworld.Basedonitslongexperienceandadvancedtechnologygainedover100yearsinKoreaKEPCOcontinuestobuildupitsoutstandingreputationasaleadingutilitycompany.MoreoverKEPCOembraceschallengesandmakesboldstepsintowidermarketsintheworldbyitsflairfordynamicactivitieswhichisfavorablyreceivedinthePhilippinesChinaVietnamandLibya. 41
Sometimeswehavespecificproblemswithourmother;sometimeslifewithhercanjustbehardwork.Iftherearedifficultiesinyour1it’sbesttodealwiththem2rememberthatany3shouldbedone4personorbyletter.Thetelephoneisnotagood5becauseitistooeasy6eithersideto7theconversation. Explaintoher8youfinddifficultinyourrelationshipandthen9somenewarrangementsthatyouthinkwouldestablisha10balancebetweenyou.Sometimeswehold11fromestablishingsuchboundariesbecauseweareafraidthatdoing12impliesweare13her.Weneedtorememberthatbeing14fromourmotherdoesnot15meanthatWenolongerloveher.Iftheconflictis16andyoucannotfindawayto17ityoumightdecidetogiveupyourrelationshipwithyourmotherforawhile.Someofmypatientshad18"trialseparations".The19allowedthingstosimmerdownenabling20. 7
Sometimeswehavespecificproblemswithourmother;sometimeslifewithhercanjustbehardwork.Iftherearedifficultiesinyour1it’sbesttodealwiththem2rememberthatany3shouldbedone4personorbyletter.Thetelephoneisnotagood5becauseitistooeasy6eithersideto7theconversation. Explaintoher8youfinddifficultinyourrelationshipandthen9somenewarrangementsthatyouthinkwouldestablisha10balancebetweenyou.Sometimeswehold11fromestablishingsuchboundariesbecauseweareafraidthatdoing12impliesweare13her.Weneedtorememberthatbeing14fromourmotherdoesnot15meanthatWenolongerloveher.Iftheconflictis16andyoucannotfindawayto17ityoumightdecidetogiveupyourrelationshipwithyourmotherforawhile.Someofmypatientshad18"trialseparations".The19allowedthingstosimmerdownenabling20. 1
WhileAmericanshavebecomeevermoredependentuponelectricityintheirdailylivesacrucialpartofthesystemthatsupportstheirwayoflifehasnotkeptup.Yesthecountryhasbuiltmorepowerplants—enoughtocreateaglutofpowerinmostpartsofthecountry.41______. California’sdisastrouspartialenergyderegulationandtheroleplayedbyEnronandotherenergymarketingcompaniesinitspowercrisishaveimpededchangesinthenationalabilitytodeliverpower. 42______.Moreoverthedeficiencyalsoincludesinadequatecoordinationamongtheregionsinmanagingtheflowofelectricity.TheseinterregionalweaknessesaresofarthemostplausibleexplanationfortheblackoutonThursday. 43______.Theproblemiswiththesystemofrulesorganizationandoversightthatgovernsthetransmissionnetworks.Itwassetupforaverydifferenteraandisnowcaughtinadifficulttransition. Thetransmissionnetworkswerebuilttoserveautilitysystembasedonregulatedmonopolies.Intheolddaystherewasnocompetitionforcustomers.Todaythemissionistoconnectbuyersandsellersseekingthebestdealirrespectiveofpoliticalboundariesandlocaljurisdictions. 44______.Yetthepowerindustryisprobablynotevenhalfwaythereinitsshiftfromregulationtothemarketplace.TheCaliforniapowercrisisandthepower-tradingscandalssentregulatorsbacktothedrawingboardslowingthedevelopmentofnewinstitutionsrulesandinvestmenttomakecompetitivemarketswork. 55______. [A]Overallformorethanadecadethepowerindustryhasbeenstrugglingwithhowtomovefromtheoldregulationtothenewmarketplace.Thisshiftwasdrivenbytheviewthathalfacenturyofstateregulationhadproducedpowerpricesthatweretoohighandtoovariedamongstates.FactoriesandjobsweremigratingfromstateswithhighelectricpowerpricestothoseWithlowerprices. [B]ButthetransmissionsystemiscaughtinthemiddleofthestalledderegulationoftheAmericanelectricpowerindustry. [C]Asaresultthedevelopmentoftheregionaltransmissionorganizationsiserratic.Morethanone-thirdofthepowertransmittedisnotunderthecontrolofregionaltransmissionorganizations.Somestatesfearthattheircheappowerwouldbesuckedawaytoothermarkets;othersdonotwanttosubordinatestateauthoritytotheFederalEnergyRegulatoryCommission. [D]Itwasunclearwhenthewaterswouldrecedenevermindwhenlifewouldreturntonormal.Powermaynotberestoredforweeks.Lootingtoo.Begantospiraloutofcontrol.Mr.Naginwhosaidthecitymightbeuninhabitableforthreemonthswasforcedtoorderpolicetoconcentrateonstoppingcrimenotsavingpeople. [E]What’spreventinggreaterconnectionandcoordinationbetweenregionsThetechnologyexistsandisavailable;theeconomicbenefitsofrelievingthebottlenecksbetweenregionsfarexceedsthecostsbymanybillionsofdollars. [F]Yetdespiteclaimsinthewakeoflastweek’sblackoutthatthenationhasa"thirdworld"powergridtheregionalnetworksarefirstworld.Butinonecriticalaspectthesystemhasbecomeincreasinglyvulnerable:intheinterconnectionsamongthedifferentregions.Boththenumberandsizeofthewiresonthebordersbetweenregionsareinadequatefortherisingflowofelectricity.Thismissingpartcreatestheworstbottlenecksinthesystem. [G]Sinceenteringtheoverseaspowermarketin1993KEPCOhasestablishedseveralachievementsthroughitsdistinguishedinternationalbusinessstrategiestopromoteelectricpowerdevelopmentoftheworld.Basedonitslongexperienceandadvancedtechnologygainedover100yearsinKoreaKEPCOcontinuestobuildupitsoutstandingreputationasaleadingutilitycompany.MoreoverKEPCOembraceschallengesandmakesboldstepsintowidermarketsintheworldbyitsflairfordynamicactivitieswhichisfavorablyreceivedinthePhilippinesChinaVietnamandLibya. 43
[A]DrDanielStanleyanoceanographerhasfoundvolcanicshardsinEgyptthathebelievesarelinkedtotheexplosion.ComputersimulationsbyMikeRampinoaclimatemodelerfromNewYorkUniversityshowthattheresultingashcloudcouldhaveplungedtheareaintodarknessaswellasgeneratinglightningandhailtwoofthe10plagues. [B]Thecloudcouldhavealsoreducedtherainfallcausingadrought.IftheNilehadthenbeenpoisonedbytheeffectsoftheeruptionpollutioncouldhaveturneditredashappenedinarecentenvironmentaldisasterinAmerica.Thesamepollutioncouldhavedrivenmillionsoffrogsontothelandthesecondplague.Onlandthefrogswoulddieremovingtheonlyobstacletoanexplosionoffliesandlice—thethirdandfourthplagues.Thefliescouldhavetransmittedfataldiseasestocattlethefifthplagueandboilsandblisterstohumansthesixthplague. [C]MoseswhichwillbebroadcastinDecember2002willsuggestthatmuchoftheBiblestorycanheexplainedbyasinglenaturaldisasterahugevolcaniceruptionontheGreekislandofSantoriniinthe16thcenturyBC. [D]Thehour-longdocumentaryarguesthateventhestoryofthepartingoftheRedSeawhichallowedMosestoleadtheHebrewstosafetywhilethepursuingEgyptianarmywasdrownedmayhaveitsoriginsintheeruption.Itrepeatsthetheorythat"RedSea"isamistranslationoftheSeaofReedsamuchshallowerswamp. [E]TheprogrammetellsthestoryofhowMosesledtheHebrewsoutofEgyptafteraseriesofplagueshaddevastatedthecountry.Butitalsousesnewscientificresearchtoarguethatmanyoftheeventssurroundingtheexoduscouldhavebeentriggeredbytheeruptionwhichwouldhavebeenathousandtimesmorepowerfulthananuclearbomb. [F]ComputersimulationsshowthattheSantorinieruptioncouldhavetriggereda600ft-hightidalwavetravelingatabout400milesanhourwhichwouldhavebeen6fthighandahundredmileslongwhenitreachedtheEgyptiandelta.Suchaneventwouldhavebeenrememberedforgenerationsandmayhaveprovidedtheinspirationforthestory. [G]FreshevidencethattheBiblicalplaguesandthepartingoftheRedSeawerenaturaleventsratherthanmythsormiraclesistobepresentedinanewBBCdocumentary. Order: 41
In1929JohnD.Rockefellerdecideditwastimetosellshareswhenevenashoe-shineboyofferedhimasharetip.DuringthepastweekTheEconomist’seconomicseditorhasbeen-advisedbyataxidriveraplumberandahairdresserthatyoucan’tgowronginvestinginhousing—themoreyouownthebetter.IsthisasignthatitistimetogetoutAttheveryleastashousepricesaroundtheworldclimbtoeverloftierheightsandmoreandmorepeoplejumpontothebuy-to-letladderitistimetoexposesomeofthefallaciesregularlytrottedoutbysomanyself-appointedhousingexperts.Onecommonerroristhathousepricesmustcontinuetorisebecauseofalimitedsupplyofland.ForinstanceitisarguedthathousepriceswillalwaysriseinLondonbecauselotsofpeoplewanttolivehere.Butthisconfusesthelevelofpriceswiththeirrateofchange.Homepricesareboundtobehigherinbigcitiesbecauseoflandscarcitybutthisdoesnotguaranteethaturbanhousepriceswillkeeprisingindefinitely—justlookatTokyo’shugeprice-dropssince1990.Andthoughitistruethatafixedsupplyofhomesmaypushuphousepricesifthepopulationisrisingthiswouldimplyasteadyriseinpricesnotthe20%annualjumpsofrecentyears.Asecondflawedargumentisthatlowinterestratesmakebuyingahomecheaperandsopushupdemandandprices.Lowerinterestratesmayhaveallowedsomepeoplewhootherwisecouldnothaveaffordedamortgagetobuyahome.Butmanyborrowerswhothinkmortgagesarecheaperaresufferingfrommoneyillusion.Interestratesarenotverylowinrealinflation-adjustedterms.Initialinterestpaymentsmayseemlowinrelationtoincomebutbecauseinflationisalsolowitwillnoterodetherealburdenofdebtasswiftlyasitoncedid.Soinlateryearsmortgagepaymentswillbemuchlargerinrealterms.Toarguethatlownominalinterestratesmakebuyingahomecheaperislikearguingthatacarloanpaidoffoverfouryearsischeaperthanonerepaidovertwoyears.FallacynumberthreeisafavouriteclaimofAlanGreenspanchairmanofAmerica’sFederalReserve.Thisisthatpricebubblesarelesslikelyinhousingthaninthestockmarketbecausehighertransactioncostsdiscouragespeculation.Infactseveralstudieshaveshownthatbothintheoryandinpracticebubblesaremorelikelyinhousingthaninshares.AstudybytheIMFfindsthatasharpriseinhousepricesisfarmorelikelytobefollowedbyabustthanisashare-priceboom.Theauthorofthetextmakesacomparisonin______.
Sometimeswehavespecificproblemswithourmother;sometimeslifewithhercanjustbehardwork.Iftherearedifficultiesinyour1it’sbesttodealwiththem2rememberthatany3shouldbedone4personorbyletter.Thetelephoneisnotagood5becauseitistooeasy6eithersideto7theconversation. Explaintoher8youfinddifficultinyourrelationshipandthen9somenewarrangementsthatyouthinkwouldestablisha10balancebetweenyou.Sometimeswehold11fromestablishingsuchboundariesbecauseweareafraidthatdoing12impliesweare13her.Weneedtorememberthatbeing14fromourmotherdoesnot15meanthatWenolongerloveher.Iftheconflictis16andyoucannotfindawayto17ityoumightdecidetogiveupyourrelationshipwithyourmotherforawhile.Someofmypatientshad18"trialseparations".The19allowedthingstosimmerdownenabling20. 5
Sometimeswehavespecificproblemswithourmother;sometimeslifewithhercanjustbehardwork.Iftherearedifficultiesinyour1it’sbesttodealwiththem2rememberthatany3shouldbedone4personorbyletter.Thetelephoneisnotagood5becauseitistooeasy6eithersideto7theconversation. Explaintoher8youfinddifficultinyourrelationshipandthen9somenewarrangementsthatyouthinkwouldestablisha10balancebetweenyou.Sometimeswehold11fromestablishingsuchboundariesbecauseweareafraidthatdoing12impliesweare13her.Weneedtorememberthatbeing14fromourmotherdoesnot15meanthatWenolongerloveher.Iftheconflictis16andyoucannotfindawayto17ityoumightdecidetogiveupyourrelationshipwithyourmotherforawhile.Someofmypatientshad18"trialseparations".The19allowedthingstosimmerdownenabling20. 15
Apairofdicerolledagainandagainwilleventuallyproducetwosixes.Similarlythevirusthatcausesinfluenzaisconstantlychangingatrandomandonedaywillmutateinawaythatwillenableittoinfectbillionsofpeopleandtokillmillions.Manyexpertsnowbelieveaglobaloutbreakofpandemicfluisoverdueandthatthenextonecouldbeasbadastheonein1918whichkilledsomewherebetween25mand50mpeople.Todayhoweveradvancesinmedicineofferrealhopethatanothersuchoutbreakcanbecontained—ifgovernmentsstartpreparingnow.Newresearchpublishedthisweeksuggeststhatarelativelysmallstockpileofanantiviraldrug—aslittleas3mdoses—couldbeenoughtolimitsharplyaflupandemicifthedrugsweredeployedquicklytopeopleintheareasurroundingtheinitialoutbreak.Thedrug’smanufacturerRocheistalkingtotheWorldHealthOrganisationaboutdonatingsuchastockpile.Thisisgoodnews.ButmuchmoreneedstobedoneespeciallywithanastystrainofavianfluspreadinginAsiawhichcouldmutateintoathreattohumans.SincetheSARSoutbreakin2003afewcountrieshavedevelopedplansinpreparationforsimilarepisodes.Butprogresshasbeenshamefullypatchyandthereisstillfartoolittleinternationalcoordination.Aglobalstockpileofdrugsalonewouldnotbemuchusewithoutanadequatesystemofsurveillancetoidentifyearlycasesandawayofdeliveringtreatmentquickly.Ifanoutbreakoccurredinaborderregionforexampleaswiftresponsewouldmostlikelydependonprioragreementsbetweendifferentcountriesaboutquarantineandcontainment.Reachingsuchagreementsisrarelyeasybutthatmakesthetaskallthemoreurgent.Richcountriestendtobebetterpreparedthanpooronesbutthisshouldbenoconsolationtothem.Fludoesnotrespectborders.Itisineveryone’sinteresttomakesurethatdevelopingcountriesespeciallyinAsiaarealsowellprepared.Manymaybridleatinterferencefromoutside.Butifrichernationswerewillingtodonateanti-viraldrugsandguaranteeasupplyofanyvaccinethatbecomesavailablepoorernationsmightbewillingtoreachagreementsoversurveillanceandpreparedness.Simplysortingoutafewdetailsnowwillhavelivesandrecriminationslater.WilltherebeenoughventilatorsmakesanddrugsWherewillpeoplebetreatedifthehospitalsoverflowWillfoodbedeliveredasnormalToomanycountrieshavenoanswerstothesequestions.ThewordcontainedLine6Paragraph1mostprobablymeans______.
[A]DrDanielStanleyanoceanographerhasfoundvolcanicshardsinEgyptthathebelievesarelinkedtotheexplosion.ComputersimulationsbyMikeRampinoaclimatemodelerfromNewYorkUniversityshowthattheresultingashcloudcouldhaveplungedtheareaintodarknessaswellasgeneratinglightningandhailtwoofthe10plagues. [B]Thecloudcouldhavealsoreducedtherainfallcausingadrought.IftheNilehadthenbeenpoisonedbytheeffectsoftheeruptionpollutioncouldhaveturneditredashappenedinarecentenvironmentaldisasterinAmerica.Thesamepollutioncouldhavedrivenmillionsoffrogsontothelandthesecondplague.Onlandthefrogswoulddieremovingtheonlyobstacletoanexplosionoffliesandlice—thethirdandfourthplagues.Thefliescouldhavetransmittedfataldiseasestocattlethefifthplagueandboilsandblisterstohumansthesixthplague. [C]MoseswhichwillbebroadcastinDecember2002willsuggestthatmuchoftheBiblestorycanheexplainedbyasinglenaturaldisasterahugevolcaniceruptionontheGreekislandofSantoriniinthe16thcenturyBC. [D]Thehour-longdocumentaryarguesthateventhestoryofthepartingoftheRedSeawhichallowedMosestoleadtheHebrewstosafetywhilethepursuingEgyptianarmywasdrownedmayhaveitsoriginsintheeruption.Itrepeatsthetheorythat"RedSea"isamistranslationoftheSeaofReedsamuchshallowerswamp. [E]TheprogrammetellsthestoryofhowMosesledtheHebrewsoutofEgyptafteraseriesofplagueshaddevastatedthecountry.Butitalsousesnewscientificresearchtoarguethatmanyoftheeventssurroundingtheexoduscouldhavebeentriggeredbytheeruptionwhichwouldhavebeenathousandtimesmorepowerfulthananuclearbomb. [F]ComputersimulationsshowthattheSantorinieruptioncouldhavetriggereda600ft-hightidalwavetravelingatabout400milesanhourwhichwouldhavebeen6fthighandahundredmileslongwhenitreachedtheEgyptiandelta.Suchaneventwouldhavebeenrememberedforgenerationsandmayhaveprovidedtheinspirationforthestory. [G]FreshevidencethattheBiblicalplaguesandthepartingoftheRedSeawerenaturaleventsratherthanmythsormiraclesistobepresentedinanewBBCdocumentary. Order: 43
Sometimeswehavespecificproblemswithourmother;sometimeslifewithhercanjustbehardwork.Iftherearedifficultiesinyour1it’sbesttodealwiththem2rememberthatany3shouldbedone4personorbyletter.Thetelephoneisnotagood5becauseitistooeasy6eithersideto7theconversation. Explaintoher8youfinddifficultinyourrelationshipandthen9somenewarrangementsthatyouthinkwouldestablisha10balancebetweenyou.Sometimeswehold11fromestablishingsuchboundariesbecauseweareafraidthatdoing12impliesweare13her.Weneedtorememberthatbeing14fromourmotherdoesnot15meanthatWenolongerloveher.Iftheconflictis16andyoucannotfindawayto17ityoumightdecidetogiveupyourrelationshipwithyourmotherforawhile.Someofmypatientshad18"trialseparations".The19allowedthingstosimmerdownenabling20. 3
Sometimeswehavespecificproblemswithourmother;sometimeslifewithhercanjustbehardwork.Iftherearedifficultiesinyour1it’sbesttodealwiththem2rememberthatany3shouldbedone4personorbyletter.Thetelephoneisnotagood5becauseitistooeasy6eithersideto7theconversation. Explaintoher8youfinddifficultinyourrelationshipandthen9somenewarrangementsthatyouthinkwouldestablisha10balancebetweenyou.Sometimeswehold11fromestablishingsuchboundariesbecauseweareafraidthatdoing12impliesweare13her.Weneedtorememberthatbeing14fromourmotherdoesnot15meanthatWenolongerloveher.Iftheconflictis16andyoucannotfindawayto17ityoumightdecidetogiveupyourrelationshipwithyourmotherforawhile.Someofmypatientshad18"trialseparations".The19allowedthingstosimmerdownenabling20. 13
Companieshaveembarkedonwhatlookslikethebeginningsofare-runofthemergersandacquisitionsM&Awavethatdefinedthesecondbubblyhalfofthe1990s.Thatperiodreadersmightrecallwascharacterizedbyacollectivesplurgethatsawthecreationofsomeofthemostindebtedcompaniesinhistorymanyofwhichlaterwentbankruptorwerethemselvesbrokenup.WildbiddingfortelecomsinternetandmediaassetsnottomentionthemadnessthatwasDaimler’s$40billionmotoringtakeoverin1998-1999ofChryslerortheTime-Warner/AOLmega-mergerin2000helpedtogivemergersathoroughlybadname.AconsensusemergedthatM&Awasagreatwayforinvestmentbankstoreaprichfeesandasurewayforambitiousmanagerstobetrayinvestorsbytrashingthevalueoftheirshares.NowM&Aisback.ItsreturnisaglobalphenomenonbutitisperhapsmoststrikinginEuropewheresofarthisyeartherehasbeenastreamofdealsworthmorethan$600billionintotalaround40%higherthaninthesameperiodof2004.ThelatesteffortcamethisweekwhenFrance’sSaint-Gobainabuilding-materialsfirmunveiledthedetailsofits£3.6billion$6.5billionhostilebidforBPBaBritishrival.Inthefirsthalfoftheyearcross-borderactivitywasupthreefoldoverthesameperiodlastyear.EvenFranceTelecomwhichwasleftalmostbankruptattheendofthelastmergerwaverecentlyboughtAmenaaSpanishmobileoperator.Shareholder’sapprovalofallthesedealsraisesaninterestingquestionforcompanieseverywhere:areinvestorsrighttothinkthinthesemergersaremorelikelytosucceedthanearlieronesTherearetwoanswers.Thefirstisthatpastmergersmayhavebeenjudgedtooharshly.ThesecondisthatthepresentrashofEuropeandealsdoeslookmorerationalbut—andthecaveatiscrucial—onlysofar.Thepatternmaynothold.M&A’spoorreputationstemsnotonlyfromthestringofspectacularfailuresinthe1990sbutalsofromstudiesthatshowedvaluedestructionforacquiringshareholdersin80%ofdeals.Butmorerecentstudiesbyeconomistshaveintroducedanoteofcaution.Investorsshouldlookatthenumberofdealsthatsucceedorfailtypicallymeasuredbytheimpactonthesharepriceratherthanasyoumightthinkweighingthembysize.ForexamplenoonedoubtsthattheDaimler-Chryslermergerdestroyedvalue.ThecombinedmarketvalueofthetwofirmsisstillbelowthatofDaimleralonebeforethedeal.ThissingledealaccountedforhalfofallGermanM&Aactivitybyvaluein1998and1999andprobablydominatedpeople’sthinkingaboutmergerstothesamedegree.Throwinafewothersuchmonstersanditisnowonderthatbroadstudieshavetendedtofindthatmergersareabadidea.Thetruepictureismorecomplicated.Thepatterninthethirdparagraphmostprobablydenotes______.
In1929JohnD.Rockefellerdecideditwastimetosellshareswhenevenashoe-shineboyofferedhimasharetip.DuringthepastweekTheEconomist’seconomicseditorhasbeen-advisedbyataxidriveraplumberandahairdresserthatyoucan’tgowronginvestinginhousing—themoreyouownthebetter.IsthisasignthatitistimetogetoutAttheveryleastashousepricesaroundtheworldclimbtoeverloftierheightsandmoreandmorepeoplejumpontothebuy-to-letladderitistimetoexposesomeofthefallaciesregularlytrottedoutbysomanyself-appointedhousingexperts.Onecommonerroristhathousepricesmustcontinuetorisebecauseofalimitedsupplyofland.ForinstanceitisarguedthathousepriceswillalwaysriseinLondonbecauselotsofpeoplewanttolivehere.Butthisconfusesthelevelofpriceswiththeirrateofchange.Homepricesareboundtobehigherinbigcitiesbecauseoflandscarcitybutthisdoesnotguaranteethaturbanhousepriceswillkeeprisingindefinitely—justlookatTokyo’shugeprice-dropssince1990.Andthoughitistruethatafixedsupplyofhomesmaypushuphousepricesifthepopulationisrisingthiswouldimplyasteadyriseinpricesnotthe20%annualjumpsofrecentyears.Asecondflawedargumentisthatlowinterestratesmakebuyingahomecheaperandsopushupdemandandprices.Lowerinterestratesmayhaveallowedsomepeoplewhootherwisecouldnothaveaffordedamortgagetobuyahome.Butmanyborrowerswhothinkmortgagesarecheaperaresufferingfrommoneyillusion.Interestratesarenotverylowinrealinflation-adjustedterms.Initialinterestpaymentsmayseemlowinrelationtoincomebutbecauseinflationisalsolowitwillnoterodetherealburdenofdebtasswiftlyasitoncedid.Soinlateryearsmortgagepaymentswillbemuchlargerinrealterms.Toarguethatlownominalinterestratesmakebuyingahomecheaperislikearguingthatacarloanpaidoffoverfouryearsischeaperthanonerepaidovertwoyears.FallacynumberthreeisafavouriteclaimofAlanGreenspanchairmanofAmerica’sFederalReserve.Thisisthatpricebubblesarelesslikelyinhousingthaninthestockmarketbecausehighertransactioncostsdiscouragespeculation.Infactseveralstudieshaveshownthatbothintheoryandinpracticebubblesaremorelikelyinhousingthaninshares.AstudybytheIMFfindsthatasharpriseinhousepricesisfarmorelikelytobefollowedbyabustthanisashare-priceboom.Towhichofthefollowingisauthorlikelytoagree
In1929JohnD.Rockefellerdecideditwastimetosellshareswhenevenashoe-shineboyofferedhimasharetip.DuringthepastweekTheEconomist’seconomicseditorhasbeen-advisedbyataxidriveraplumberandahairdresserthatyoucan’tgowronginvestinginhousing—themoreyouownthebetter.IsthisasignthatitistimetogetoutAttheveryleastashousepricesaroundtheworldclimbtoeverloftierheightsandmoreandmorepeoplejumpontothebuy-to-letladderitistimetoexposesomeofthefallaciesregularlytrottedoutbysomanyself-appointedhousingexperts.Onecommonerroristhathousepricesmustcontinuetorisebecauseofalimitedsupplyofland.ForinstanceitisarguedthathousepriceswillalwaysriseinLondonbecauselotsofpeoplewanttolivehere.Butthisconfusesthelevelofpriceswiththeirrateofchange.Homepricesareboundtobehigherinbigcitiesbecauseoflandscarcitybutthisdoesnotguaranteethaturbanhousepriceswillkeeprisingindefinitely—justlookatTokyo’shugeprice-dropssince1990.Andthoughitistruethatafixedsupplyofhomesmaypushuphousepricesifthepopulationisrisingthiswouldimplyasteadyriseinpricesnotthe20%annualjumpsofrecentyears.Asecondflawedargumentisthatlowinterestratesmakebuyingahomecheaperandsopushupdemandandprices.Lowerinterestratesmayhaveallowedsomepeoplewhootherwisecouldnothaveaffordedamortgagetobuyahome.Butmanyborrowerswhothinkmortgagesarecheaperaresufferingfrommoneyillusion.Interestratesarenotverylowinrealinflation-adjustedterms.Initialinterestpaymentsmayseemlowinrelationtoincomebutbecauseinflationisalsolowitwillnoterodetherealburdenofdebtasswiftlyasitoncedid.Soinlateryearsmortgagepaymentswillbemuchlargerinrealterms.Toarguethatlownominalinterestratesmakebuyingahomecheaperislikearguingthatacarloanpaidoffoverfouryearsischeaperthanonerepaidovertwoyears.FallacynumberthreeisafavouriteclaimofAlanGreenspanchairmanofAmerica’sFederalReserve.Thisisthatpricebubblesarelesslikelyinhousingthaninthestockmarketbecausehighertransactioncostsdiscouragespeculation.Infactseveralstudieshaveshownthatbothintheoryandinpracticebubblesaremorelikelyinhousingthaninshares.AstudybytheIMFfindsthatasharpriseinhousepricesisfarmorelikelytobefollowedbyabustthanisashare-priceboom.ThetermfallaciesLine6Paragraph1mostprobablymeans______.
Apairofdicerolledagainandagainwilleventuallyproducetwosixes.Similarlythevirusthatcausesinfluenzaisconstantlychangingatrandomandonedaywillmutateinawaythatwillenableittoinfectbillionsofpeopleandtokillmillions.Manyexpertsnowbelieveaglobaloutbreakofpandemicfluisoverdueandthatthenextonecouldbeasbadastheonein1918whichkilledsomewherebetween25mand50mpeople.Todayhoweveradvancesinmedicineofferrealhopethatanothersuchoutbreakcanbecontained—ifgovernmentsstartpreparingnow.Newresearchpublishedthisweeksuggeststhatarelativelysmallstockpileofanantiviraldrug—aslittleas3mdoses—couldbeenoughtolimitsharplyaflupandemicifthedrugsweredeployedquicklytopeopleintheareasurroundingtheinitialoutbreak.Thedrug’smanufacturerRocheistalkingtotheWorldHealthOrganisationaboutdonatingsuchastockpile.Thisisgoodnews.ButmuchmoreneedstobedoneespeciallywithanastystrainofavianfluspreadinginAsiawhichcouldmutateintoathreattohumans.SincetheSARSoutbreakin2003afewcountrieshavedevelopedplansinpreparationforsimilarepisodes.Butprogresshasbeenshamefullypatchyandthereisstillfartoolittleinternationalcoordination.Aglobalstockpileofdrugsalonewouldnotbemuchusewithoutanadequatesystemofsurveillancetoidentifyearlycasesandawayofdeliveringtreatmentquickly.Ifanoutbreakoccurredinaborderregionforexampleaswiftresponsewouldmostlikelydependonprioragreementsbetweendifferentcountriesaboutquarantineandcontainment.Reachingsuchagreementsisrarelyeasybutthatmakesthetaskallthemoreurgent.Richcountriestendtobebetterpreparedthanpooronesbutthisshouldbenoconsolationtothem.Fludoesnotrespectborders.Itisineveryone’sinteresttomakesurethatdevelopingcountriesespeciallyinAsiaarealsowellprepared.Manymaybridleatinterferencefromoutside.Butifrichernationswerewillingtodonateanti-viraldrugsandguaranteeasupplyofanyvaccinethatbecomesavailablepoorernationsmightbewillingtoreachagreementsoversurveillanceandpreparedness.Simplysortingoutafewdetailsnowwillhavelivesandrecriminationslater.WilltherebeenoughventilatorsmakesanddrugsWherewillpeoplebetreatedifthehospitalsoverflowWillfoodbedeliveredasnormalToomanycountrieshavenoanswerstothesequestions.Thespeedo{remedydispatchisofimportanceto______.
Apairofdicerolledagainandagainwilleventuallyproducetwosixes.Similarlythevirusthatcausesinfluenzaisconstantlychangingatrandomandonedaywillmutateinawaythatwillenableittoinfectbillionsofpeopleandtokillmillions.Manyexpertsnowbelieveaglobaloutbreakofpandemicfluisoverdueandthatthenextonecouldbeasbadastheonein1918whichkilledsomewherebetween25mand50mpeople.Todayhoweveradvancesinmedicineofferrealhopethatanothersuchoutbreakcanbecontained—ifgovernmentsstartpreparingnow.Newresearchpublishedthisweeksuggeststhatarelativelysmallstockpileofanantiviraldrug—aslittleas3mdoses—couldbeenoughtolimitsharplyaflupandemicifthedrugsweredeployedquicklytopeopleintheareasurroundingtheinitialoutbreak.Thedrug’smanufacturerRocheistalkingtotheWorldHealthOrganisationaboutdonatingsuchastockpile.Thisisgoodnews.ButmuchmoreneedstobedoneespeciallywithanastystrainofavianfluspreadinginAsiawhichcouldmutateintoathreattohumans.SincetheSARSoutbreakin2003afewcountrieshavedevelopedplansinpreparationforsimilarepisodes.Butprogresshasbeenshamefullypatchyandthereisstillfartoolittleinternationalcoordination.Aglobalstockpileofdrugsalonewouldnotbemuchusewithoutanadequatesystemofsurveillancetoidentifyearlycasesandawayofdeliveringtreatmentquickly.Ifanoutbreakoccurredinaborderregionforexampleaswiftresponsewouldmostlikelydependonprioragreementsbetweendifferentcountriesaboutquarantineandcontainment.Reachingsuchagreementsisrarelyeasybutthatmakesthetaskallthemoreurgent.Richcountriestendtobebetterpreparedthanpooronesbutthisshouldbenoconsolationtothem.Fludoesnotrespectborders.Itisineveryone’sinteresttomakesurethatdevelopingcountriesespeciallyinAsiaarealsowellprepared.Manymaybridleatinterferencefromoutside.Butifrichernationswerewillingtodonateanti-viraldrugsandguaranteeasupplyofanyvaccinethatbecomesavailablepoorernationsmightbewillingtoreachagreementsoversurveillanceandpreparedness.Simplysortingoutafewdetailsnowwillhavelivesandrecriminationslater.WilltherebeenoughventilatorsmakesanddrugsWherewillpeoplebetreatedifthehospitalsoverflowWillfoodbedeliveredasnormalToomanycountrieshavenoanswerstothesequestions.Thebesttitleforthetextwouldbe______.
Directions:Writeapostertoyourschoolmatesinformingthemofanewbooktobereleased.Youshouldwriteabout100wordsonANSWERSHEET2.Donotsignyourownnameattheendoftheletter;useLiMinginstead.Donotwritetheaddress.
Sometimeswehavespecificproblemswithourmother;sometimeslifewithhercanjustbehardwork.Iftherearedifficultiesinyour1it’sbesttodealwiththem2rememberthatany3shouldbedone4personorbyletter.Thetelephoneisnotagood5becauseitistooeasy6eithersideto7theconversation. Explaintoher8youfinddifficultinyourrelationshipandthen9somenewarrangementsthatyouthinkwouldestablisha10balancebetweenyou.Sometimeswehold11fromestablishingsuchboundariesbecauseweareafraidthatdoing12impliesweare13her.Weneedtorememberthatbeing14fromourmotherdoesnot15meanthatWenolongerloveher.Iftheconflictis16andyoucannotfindawayto17ityoumightdecidetogiveupyourrelationshipwithyourmotherforawhile.Someofmypatientshad18"trialseparations".The19allowedthingstosimmerdownenabling20. 19
Electionsoftentellyoumoreaboutwhatpeopleareagainstthanwhattheyarefor.SoitiswiththeEuropeanonesthattookplacelastweekinall25EuropeanUnionmembercountries.Theseelectionswidelytrumpetedastheworld’sbiggest-evermultinationaldemocraticvotewerefoughtforthemostpartas25separatenationalcontestswhichmakesittrickytopickoutmanycommonthemes.Butthestrongestareundoubtedlynegative.Europe’svotersareangryanddisillusioned—andtheyhavedemonstratedtheirangeranddisillusioninthreemainways.Themostobviouswasbyabstaining.Theaverageoverallturnoutwasjustover45%bysomemarginthelowesteverrecordedforelectionstotheEuropeanParliament.Andthataveragedisguisessomebigvariations:Italyforexamplenotchedupover70o//00butSwedenmanagedonly37%.MostdepressingofallatleasttobelieversintheEuropeanprojectwastheextremelylowvoteinmanyofthenewmembercountriesfromcentralEuropewhichaccountedforthewholeofthefallinturnoutsince1999.InthebiggestPolandonlyjustoverafifthoftheelectorateturnedouttovote.OnlyayearagocentralEuropeansvotedinlargenumberstojointheEUwhichtheydidonMay1st.ThattheyabstainedinsuchlargenumbersintheEuropeanelectionspointstoearlydisillusionwiththeEuropeanUnion—aswellastoawidespreadfeelingsharedintheoldmembercountriesaswellthattheEuropeanParliamentdoesnotmatter.DisillusionwithEuropewasalsoabigfactorinthesecondwayinwhichvotersprotestedwhichwasbysupportingaragbagofpopulistnationalistandexplicitlyanti-EUparties.Theserangedfromthe16%whobackedtheUKIndependencePartywhosedeclaredpolicyistowithdrawfromtheEUandwhoseleadersseetheirmissionaswreckingtheEuropeanParliamenttothe14%whovotedforSweden’sJunelistandthe27%ofPoleswhobackedoneoftwoanti-EUpartiestheLeagueofCatholicFamiliesandSelf-defense.TheseresultshavereturnedmanymoreEuroscepticsandtrouble-makerstotheparliamentonsomemeasuresoveraquarterofthenewMEPSwillbelongtotheawkwardsquad.ThatisnotabadthinghoweverforitwillmaketheparliamentmorerepresentativeofEuropeanpublicopinion.ButitisthethirdtargetofEuropeanvoters’irethatisperhapsthemostimmediatelysignificant:thefactthatinmanyEUcountriesoldandnewtheychosetovoteheavilyagainsttheirowngovernments.Thisanti-incumbentvotewasstrongalmosteverywherebutitwasmostpronouncedinBritaintheCzechRepublicGermanyPolandandSweden.TheleadersofallthefourbiggestEuropeanUnioncountriesTonyBlairinBritainJacquesChiracinFranceGerhardSchroderinGermanyandSilvioBerlusconiinItalywereeachgivenabloodynosebytheirvoters.ThebigquestionnowishowEurope’sleadersshouldrespondtothis.ByasublimeorterriblecoincidencesoonaftertheelectionsandjustasTheEconomistwasgoingtopresstheyweregatheringinBrusselsforacrucialsummitatwhichtheyareduetoagreeanewconstitutionaltreatyfortheEUandtoselectanewpresidentfortheEuropeanCommission.GoingintothemeetingmostEUheadsofgovernmentseemeddeterminedtopressaheadwiththisagendaregardlessoftheEuropeanelections—eventhoughtheatmosphereaftertheresultsmaymakeitharderforthemtostrikedeals.ThewordireLine1Paragraph4mostprobablymeans______.
Manycountrieshaveatraditionofinvitingforeignerstorulethem.TheEnglishcalledinWilliamofOrangein1688anddependingonyourinterpretationofhistoryWilliamofNormandyin1066.Bothdidratheragoodjob.ReturningthecomplimentAlbaniaaskedawell-bredEnglishmancalledAubgreyHerberttobetheirkinginthe1920s.Herefused—andtheyendedupwithseveralcovescalledZog.Americathecountryofimmigrantshasnotruckwithimportedforeigntalent.ArticletwooftheConstitutionsaysthatnopersonexceptanatural-borncitizen...shallbeeligibletotheofficeofthepresident.Thisisnowbeingchallengedbyaparticularlyirresistibleimmigrant:ArnoldSchwarzenegger.BarelyayearhaspassedsincetheerstwhilecyborgswepttovictoryinCalifornia’srecallelectionyetthereisalreadyanAmend-for-ArnoldcampaigncollectingsignaturestolettheAustrian-borngovernorhaveagoattheWhiteHouse.GeorgeBushseniorhasweighedinonhisbehalf.ThereareseveralArnoldamendmentsinCongress:oneallowsforeignerswhohavebeennaturalizedcitizensfor20yearstobecomepresident.TheAustrianbecameAmericanin1983.Itiseasytodismissthehooplaasanotherregrettableexampleofloopycelebritypolitics.Mr.Schwarzeneggerhasmadeadecentstartasgovernorbuthehasdonelittleasyettochangethestructureofhisdysfunctionalstate.IndeedevenifthelawwerechangedhecouldwellbeelbowedasidebyanotherincomerthistimefromCanada:theDemocraticgovernorofMichiganJenniferGranholmwhoappearstohavefewerskeletonsinherclosetthanthehedonisticactor.MoreoverchangingtheAmericanconstitutionisnododdle.Ithashappenedonly17timessince1791whenthefirsttenamendmentswerecodifiedasthebillofrights.Tochangetheconstitutionanamendmenthastobeapprovedbytwo-thirdsofbothhousesofCongressandthentoberatifiedbythree-quartersofthe50states.TheArnoldamendmentishardlyinthesamecategoryasabolishingslaveryorgivingwomenthevote.AndassomewagspointoutAustrianimportshaveaprettydodgyrecordofrunningmilitarysuperpowers.ThephrasehasnotruckwithLine1Paragraph2mostprobablymeans______.
WhileAmericanshavebecomeevermoredependentuponelectricityintheirdailylivesacrucialpartofthesystemthatsupportstheirwayoflifehasnotkeptup.Yesthecountryhasbuiltmorepowerplants—enoughtocreateaglutofpowerinmostpartsofthecountry.41______. California’sdisastrouspartialenergyderegulationandtheroleplayedbyEnronandotherenergymarketingcompaniesinitspowercrisishaveimpededchangesinthenationalabilitytodeliverpower. 42______.Moreoverthedeficiencyalsoincludesinadequatecoordinationamongtheregionsinmanagingtheflowofelectricity.TheseinterregionalweaknessesaresofarthemostplausibleexplanationfortheblackoutonThursday. 43______.Theproblemiswiththesystemofrulesorganizationandoversightthatgovernsthetransmissionnetworks.Itwassetupforaverydifferenteraandisnowcaughtinadifficulttransition. Thetransmissionnetworkswerebuilttoserveautilitysystembasedonregulatedmonopolies.Intheolddaystherewasnocompetitionforcustomers.Todaythemissionistoconnectbuyersandsellersseekingthebestdealirrespectiveofpoliticalboundariesandlocaljurisdictions. 44______.Yetthepowerindustryisprobablynotevenhalfwaythereinitsshiftfromregulationtothemarketplace.TheCaliforniapowercrisisandthepower-tradingscandalssentregulatorsbacktothedrawingboardslowingthedevelopmentofnewinstitutionsrulesandinvestmenttomakecompetitivemarketswork. 55______. [A]Overallformorethanadecadethepowerindustryhasbeenstrugglingwithhowtomovefromtheoldregulationtothenewmarketplace.Thisshiftwasdrivenbytheviewthathalfacenturyofstateregulationhadproducedpowerpricesthatweretoohighandtoovariedamongstates.FactoriesandjobsweremigratingfromstateswithhighelectricpowerpricestothoseWithlowerprices. [B]ButthetransmissionsystemiscaughtinthemiddleofthestalledderegulationoftheAmericanelectricpowerindustry. [C]Asaresultthedevelopmentoftheregionaltransmissionorganizationsiserratic.Morethanone-thirdofthepowertransmittedisnotunderthecontrolofregionaltransmissionorganizations.Somestatesfearthattheircheappowerwouldbesuckedawaytoothermarkets;othersdonotwanttosubordinatestateauthoritytotheFederalEnergyRegulatoryCommission. [D]Itwasunclearwhenthewaterswouldrecedenevermindwhenlifewouldreturntonormal.Powermaynotberestoredforweeks.Lootingtoo.Begantospiraloutofcontrol.Mr.Naginwhosaidthecitymightbeuninhabitableforthreemonthswasforcedtoorderpolicetoconcentrateonstoppingcrimenotsavingpeople. [E]What’spreventinggreaterconnectionandcoordinationbetweenregionsThetechnologyexistsandisavailable;theeconomicbenefitsofrelievingthebottlenecksbetweenregionsfarexceedsthecostsbymanybillionsofdollars. [F]Yetdespiteclaimsinthewakeoflastweek’sblackoutthatthenationhasa"thirdworld"powergridtheregionalnetworksarefirstworld.Butinonecriticalaspectthesystemhasbecomeincreasinglyvulnerable:intheinterconnectionsamongthedifferentregions.Boththenumberandsizeofthewiresonthebordersbetweenregionsareinadequatefortherisingflowofelectricity.Thismissingpartcreatestheworstbottlenecksinthesystem. [G]Sinceenteringtheoverseaspowermarketin1993KEPCOhasestablishedseveralachievementsthroughitsdistinguishedinternationalbusinessstrategiestopromoteelectricpowerdevelopmentoftheworld.Basedonitslongexperienceandadvancedtechnologygainedover100yearsinKoreaKEPCOcontinuestobuildupitsoutstandingreputationasaleadingutilitycompany.MoreoverKEPCOembraceschallengesandmakesboldstepsintowidermarketsintheworldbyitsflairfordynamicactivitieswhichisfavorablyreceivedinthePhilippinesChinaVietnamandLibya. 45
EricHansenwritesabouttravelasaparticipatingenthusiastratherthanamereobserver.46Itgivesthesenineessaysbasedonhisadventuresoverthepastquartercenturyaresonanceandpsychologicaldepthnotusuallyseeninmoreroutinetravelnarratives. 47Thereaderfollowswide-eyedfromthearmchairasMr.HansenjourneysfromtheFrenchRivieratotheSouthPacificIndiatheUnitedStatesandBorneo.Eachstorycombinesnuancedportraitsofmemorablecharacterswithlyricaldescriptionsofhumanfallibilityandgenerosity. InhiswildesttaleMr.HansenrecountshistimeworkingatahotelonThursdayIslandintheTorresStrait.48"Seldom"hewrites"doesonehavethechancetoenjoythecompanyofpeoplewhohavesocompletelygiventhemselvesovertothecultivationofthelowlifeinsuchstyleandwithsuchgusto."49Beyondtheboozebrokenglassandfistfightstheauthorlearnsthehistoryoftheisland’spearldiverswhoincanvassuitsandlead-weightedshoessnatchgold-lippearlshellsfromaseabedteemingwithseasnakesgiantgroupersandsaltwatercrocodiles. OtherstoriestellofdrinkinghallucinogenickavainVanuatu;lingeringonabeachwithabeautifulMaldiviangirlinapleasurablepursuitthatthelocalscall"nightfishing";cookingpiroshkiwithaMoscowémigréinatinyManhattanapartmentwhiledrugdealersshooteachotherinthelobbybelow;andwatchingtheIndonesiancrewofabecalmedtallshipdanceondecktocountryandwesternmusic. 50ThemostmovingstorycomesfromKolkataformerlyCalcuttawheretheauthor’sfrustrationattheimpenetrablebureaucracywhentryingtoshiphisbelongingshomeisputintoperspectivebyhisvoluntaryworkatMotherTheresa’shomeforthedying.Herehebathesfeedsandcomfortstheinhabitantsofthemen’swardwherethepanicanddespairofdeatharereplacedbydignityandhumour.Thissensitiveportraitalonemakesthisheartfeltcollectionamagicalandupliftingread. Thereaderfollowswide-eyedfromthearmchairasMr.HansenjourneysfromtheFrenchRivieratotheSouthPacificIndiatheUnitedStatesandBorneo.
Manycountrieshaveatraditionofinvitingforeignerstorulethem.TheEnglishcalledinWilliamofOrangein1688anddependingonyourinterpretationofhistoryWilliamofNormandyin1066.Bothdidratheragoodjob.ReturningthecomplimentAlbaniaaskedawell-bredEnglishmancalledAubgreyHerberttobetheirkinginthe1920s.Herefused—andtheyendedupwithseveralcovescalledZog.Americathecountryofimmigrantshasnotruckwithimportedforeigntalent.ArticletwooftheConstitutionsaysthatnopersonexceptanatural-borncitizen...shallbeeligibletotheofficeofthepresident.Thisisnowbeingchallengedbyaparticularlyirresistibleimmigrant:ArnoldSchwarzenegger.BarelyayearhaspassedsincetheerstwhilecyborgswepttovictoryinCalifornia’srecallelectionyetthereisalreadyanAmend-for-ArnoldcampaigncollectingsignaturestolettheAustrian-borngovernorhaveagoattheWhiteHouse.GeorgeBushseniorhasweighedinonhisbehalf.ThereareseveralArnoldamendmentsinCongress:oneallowsforeignerswhohavebeennaturalizedcitizensfor20yearstobecomepresident.TheAustrianbecameAmericanin1983.Itiseasytodismissthehooplaasanotherregrettableexampleofloopycelebritypolitics.Mr.Schwarzeneggerhasmadeadecentstartasgovernorbuthehasdonelittleasyettochangethestructureofhisdysfunctionalstate.IndeedevenifthelawwerechangedhecouldwellbeelbowedasidebyanotherincomerthistimefromCanada:theDemocraticgovernorofMichiganJenniferGranholmwhoappearstohavefewerskeletonsinherclosetthanthehedonisticactor.MoreoverchangingtheAmericanconstitutionisnododdle.Ithashappenedonly17timessince1791whenthefirsttenamendmentswerecodifiedasthebillofrights.Tochangetheconstitutionanamendmenthastobeapprovedbytwo-thirdsofbothhousesofCongressandthentoberatifiedbythree-quartersofthe50states.TheArnoldamendmentishardlyinthesamecategoryasabolishingslaveryorgivingwomenthevote.AndassomewagspointoutAustrianimportshaveaprettydodgyrecordofrunningmilitarysuperpowers.ThewordcyborgLine1Paragraph3mostprobablyrefersto______.
Companieshaveembarkedonwhatlookslikethebeginningsofare-runofthemergersandacquisitionsM&Awavethatdefinedthesecondbubblyhalfofthe1990s.Thatperiodreadersmightrecallwascharacterizedbyacollectivesplurgethatsawthecreationofsomeofthemostindebtedcompaniesinhistorymanyofwhichlaterwentbankruptorwerethemselvesbrokenup.WildbiddingfortelecomsinternetandmediaassetsnottomentionthemadnessthatwasDaimler’s$40billionmotoringtakeoverin1998-1999ofChryslerortheTime-Warner/AOLmega-mergerin2000helpedtogivemergersathoroughlybadname.AconsensusemergedthatM&Awasagreatwayforinvestmentbankstoreaprichfeesandasurewayforambitiousmanagerstobetrayinvestorsbytrashingthevalueoftheirshares.NowM&Aisback.ItsreturnisaglobalphenomenonbutitisperhapsmoststrikinginEuropewheresofarthisyeartherehasbeenastreamofdealsworthmorethan$600billionintotalaround40%higherthaninthesameperiodof2004.ThelatesteffortcamethisweekwhenFrance’sSaint-Gobainabuilding-materialsfirmunveiledthedetailsofits£3.6billion$6.5billionhostilebidforBPBaBritishrival.Inthefirsthalfoftheyearcross-borderactivitywasupthreefoldoverthesameperiodlastyear.EvenFranceTelecomwhichwasleftalmostbankruptattheendofthelastmergerwaverecentlyboughtAmenaaSpanishmobileoperator.Shareholder’sapprovalofallthesedealsraisesaninterestingquestionforcompanieseverywhere:areinvestorsrighttothinkthinthesemergersaremorelikelytosucceedthanearlieronesTherearetwoanswers.Thefirstisthatpastmergersmayhavebeenjudgedtooharshly.ThesecondisthatthepresentrashofEuropeandealsdoeslookmorerationalbut—andthecaveatiscrucial—onlysofar.Thepatternmaynothold.M&A’spoorreputationstemsnotonlyfromthestringofspectacularfailuresinthe1990sbutalsofromstudiesthatshowedvaluedestructionforacquiringshareholdersin80%ofdeals.Butmorerecentstudiesbyeconomistshaveintroducedanoteofcaution.Investorsshouldlookatthenumberofdealsthatsucceedorfailtypicallymeasuredbytheimpactonthesharepriceratherthanasyoumightthinkweighingthembysize.ForexamplenoonedoubtsthattheDaimler-Chryslermergerdestroyedvalue.ThecombinedmarketvalueofthetwofirmsisstillbelowthatofDaimleralonebeforethedeal.ThissingledealaccountedforhalfofallGermanM&Aactivitybyvaluein1998and1999andprobablydominatedpeople’sthinkingaboutmergerstothesamedegree.Throwinafewothersuchmonstersanditisnowonderthatbroadstudieshavetendedtofindthatmergersareabadidea.Thetruepictureismorecomplicated.Theconclusionreachedbygeneralresearchesisthatmergersarenot______.
Sometimeswehavespecificproblemswithourmother;sometimeslifewithhercanjustbehardwork.Iftherearedifficultiesinyour1it’sbesttodealwiththem2rememberthatany3shouldbedone4personorbyletter.Thetelephoneisnotagood5becauseitistooeasy6eithersideto7theconversation. Explaintoher8youfinddifficultinyourrelationshipandthen9somenewarrangementsthatyouthinkwouldestablisha10balancebetweenyou.Sometimeswehold11fromestablishingsuchboundariesbecauseweareafraidthatdoing12impliesweare13her.Weneedtorememberthatbeing14fromourmotherdoesnot15meanthatWenolongerloveher.Iftheconflictis16andyoucannotfindawayto17ityoumightdecidetogiveupyourrelationshipwithyourmotherforawhile.Someofmypatientshad18"trialseparations".The19allowedthingstosimmerdownenabling20. 11
Sometimeswehavespecificproblemswithourmother;sometimeslifewithhercanjustbehardwork.Iftherearedifficultiesinyour1it’sbesttodealwiththem2rememberthatany3shouldbedone4personorbyletter.Thetelephoneisnotagood5becauseitistooeasy6eithersideto7theconversation. Explaintoher8youfinddifficultinyourrelationshipandthen9somenewarrangementsthatyouthinkwouldestablisha10balancebetweenyou.Sometimeswehold11fromestablishingsuchboundariesbecauseweareafraidthatdoing12impliesweare13her.Weneedtorememberthatbeing14fromourmotherdoesnot15meanthatWenolongerloveher.Iftheconflictis16andyoucannotfindawayto17ityoumightdecidetogiveupyourrelationshipwithyourmotherforawhile.Someofmypatientshad18"trialseparations".The19allowedthingstosimmerdownenabling20. 9
EricHansenwritesabouttravelasaparticipatingenthusiastratherthanamereobserver.46Itgivesthesenineessaysbasedonhisadventuresoverthepastquartercenturyaresonanceandpsychologicaldepthnotusuallyseeninmoreroutinetravelnarratives. 47Thereaderfollowswide-eyedfromthearmchairasMr.HansenjourneysfromtheFrenchRivieratotheSouthPacificIndiatheUnitedStatesandBorneo.Eachstorycombinesnuancedportraitsofmemorablecharacterswithlyricaldescriptionsofhumanfallibilityandgenerosity. InhiswildesttaleMr.HansenrecountshistimeworkingatahotelonThursdayIslandintheTorresStrait.48"Seldom"hewrites"doesonehavethechancetoenjoythecompanyofpeoplewhohavesocompletelygiventhemselvesovertothecultivationofthelowlifeinsuchstyleandwithsuchgusto."49Beyondtheboozebrokenglassandfistfightstheauthorlearnsthehistoryoftheisland’spearldiverswhoincanvassuitsandlead-weightedshoessnatchgold-lippearlshellsfromaseabedteemingwithseasnakesgiantgroupersandsaltwatercrocodiles. OtherstoriestellofdrinkinghallucinogenickavainVanuatu;lingeringonabeachwithabeautifulMaldiviangirlinapleasurablepursuitthatthelocalscall"nightfishing";cookingpiroshkiwithaMoscowémigréinatinyManhattanapartmentwhiledrugdealersshooteachotherinthelobbybelow;andwatchingtheIndonesiancrewofabecalmedtallshipdanceondecktocountryandwesternmusic. 50ThemostmovingstorycomesfromKolkataformerlyCalcuttawheretheauthor’sfrustrationattheimpenetrablebureaucracywhentryingtoshiphisbelongingshomeisputintoperspectivebyhisvoluntaryworkatMotherTheresa’shomeforthedying.Herehebathesfeedsandcomfortstheinhabitantsofthemen’swardwherethepanicanddespairofdeatharereplacedbydignityandhumour.Thissensitiveportraitalonemakesthisheartfeltcollectionamagicalandupliftingread. Beyondtheboozebrokenglassandfistfightstheauthorlearnsthehistoryoftheisland’spearldiverswhoincanvassuitsandlead-weightedshoessnatchgold-lippearlshellsfromaseabedteemingwithseasnakesgiantgroupersandsaltwatercrocodiles.
Sometimeswehavespecificproblemswithourmother;sometimeslifewithhercanjustbehardwork.Iftherearedifficultiesinyour1it’sbesttodealwiththem2rememberthatany3shouldbedone4personorbyletter.Thetelephoneisnotagood5becauseitistooeasy6eithersideto7theconversation. Explaintoher8youfinddifficultinyourrelationshipandthen9somenewarrangementsthatyouthinkwouldestablisha10balancebetweenyou.Sometimeswehold11fromestablishingsuchboundariesbecauseweareafraidthatdoing12impliesweare13her.Weneedtorememberthatbeing14fromourmotherdoesnot15meanthatWenolongerloveher.Iftheconflictis16andyoucannotfindawayto17ityoumightdecidetogiveupyourrelationshipwithyourmotherforawhile.Someofmypatientshad18"trialseparations".The19allowedthingstosimmerdownenabling20. 17
[A]DrDanielStanleyanoceanographerhasfoundvolcanicshardsinEgyptthathebelievesarelinkedtotheexplosion.ComputersimulationsbyMikeRampinoaclimatemodelerfromNewYorkUniversityshowthattheresultingashcloudcouldhaveplungedtheareaintodarknessaswellasgeneratinglightningandhailtwoofthe10plagues. [B]Thecloudcouldhavealsoreducedtherainfallcausingadrought.IftheNilehadthenbeenpoisonedbytheeffectsoftheeruptionpollutioncouldhaveturneditredashappenedinarecentenvironmentaldisasterinAmerica.Thesamepollutioncouldhavedrivenmillionsoffrogsontothelandthesecondplague.Onlandthefrogswoulddieremovingtheonlyobstacletoanexplosionoffliesandlice—thethirdandfourthplagues.Thefliescouldhavetransmittedfataldiseasestocattlethefifthplagueandboilsandblisterstohumansthesixthplague. [C]MoseswhichwillbebroadcastinDecember2002willsuggestthatmuchoftheBiblestorycanheexplainedbyasinglenaturaldisasterahugevolcaniceruptionontheGreekislandofSantoriniinthe16thcenturyBC. [D]Thehour-longdocumentaryarguesthateventhestoryofthepartingoftheRedSeawhichallowedMosestoleadtheHebrewstosafetywhilethepursuingEgyptianarmywasdrownedmayhaveitsoriginsintheeruption.Itrepeatsthetheorythat"RedSea"isamistranslationoftheSeaofReedsamuchshallowerswamp. [E]TheprogrammetellsthestoryofhowMosesledtheHebrewsoutofEgyptafteraseriesofplagueshaddevastatedthecountry.Butitalsousesnewscientificresearchtoarguethatmanyoftheeventssurroundingtheexoduscouldhavebeentriggeredbytheeruptionwhichwouldhavebeenathousandtimesmorepowerfulthananuclearbomb. [F]ComputersimulationsshowthattheSantorinieruptioncouldhavetriggereda600ft-hightidalwavetravelingatabout400milesanhourwhichwouldhavebeen6fthighandahundredmileslongwhenitreachedtheEgyptiandelta.Suchaneventwouldhavebeenrememberedforgenerationsandmayhaveprovidedtheinspirationforthestory. [G]FreshevidencethattheBiblicalplaguesandthepartingoftheRedSeawerenaturaleventsratherthanmythsormiraclesistobepresentedinanewBBCdocumentary. Order: 45
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