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So there's not a lot of room in the government bond market or other high-quality bond markets to generate excess returns.
所以对于政府债券或者优质债券,超额收益的空间不大
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It was a big news story for the people who work in the municipal government.
这对于在地方政府工作的人们而言,是一个大新闻
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So what does libertarianism say about the role of government or of the state?
自由主义对于政府或国家的角色,有什么看法呢？
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That if government's democracy or dictatorship. It matters.
对于最终是民主政府还是专制政府，这至关重要。
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So, the Commune begins on the 18th of March, 1871, and it lasts until the end of May, 1871. Lenin once called it the "Festival of the Oppressed"; and Lenin was wrong about many things, he was right about a few things but wrong about many, but he got that one right.
由此,巴黎公社在一八七一年三月十八日成立,并于同年的五月底被政府所瓦解,列宁将这段时间称为"受压迫者的庆典",列宁做错过不少事情,他做对的事情寥寥无几,但对于巴黎公社的评价是正确的
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That's the point at the heart of Locke's whole account of legitimate government.
这就是洛克对于合法政府观点的核心部分。
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The government bond, you don't have to worry about default.
对于政府债券,不必担心会有违约风险
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Other countries--In Europe, after the 1929 crash, they had a different reaction to the scandals and problems of the '20s and it wasn't as favorable to markets as in the U.S.
929大崩盘之后,欧洲的一些国家,却对于丑闻及20年代出现的问题,有着不同的反应,欧洲政府采取的措施并不如美国那样,有利于市场发展
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The big question for American now is whether there will be light at the end of the tunnel after more than 8 years of war there, after all that life lost and fouture spent.
现在对于美国一个重要的问题就是,是否有曙光的出现,8年的战争中，美国政府花费了大量的金钱，很多人也因为战争也失去了生命。
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That's true for everybody in government.
对于政府人员来说都是那样。
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And so they are hedging their belts, at least partly on India as a democratic English-speaking country ... which they may be able to... so strategically I think that's a very important sort of part in American thinking in terms of future of India.
所以美国要布下防线，至少在印度这个,说英语的民主国家布下防线,这样他们才可能。,因此从战略角度出发我认为,这是美国政府对于印度未来的,一大设想。
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