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"So we are really talking about drastic reductions, and they must come from countries which have overused their share of the global atmospheric space, which have a natural debt that must be paid, and I think if countries like India are asking for that, it is not wrong.
VOA: standard.2009.11.27
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It's going to be cancelled next year. I won't get my money back.' Loans must be made even if the debt will be cancelled, for the simple reason that the problem of poverty is a terrible and persistent problem.
因为在来年贷款会被解除，他们就收不回自己的钱了,即使是债务会被免除，人们也必须给人借贷，这仅仅,是因为贫困是一个长久存在的可怕问题。
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Okay, this one, I believe that there is not a debt to society in the sense that how did these people become wealthy?
好的，对这个问题，我认为从他们变富的方式来看,他们并不欠社会的？
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You can be relieved of that debt, or now you know you feel bad now, I guess.
你可以释怀了,我想你也许还会有些许歉疚
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The other thing that I want to say about Modigliani and Miller is about corporate debt.
我想讲的另一个问题是,莫迪利阿尼和米勒还谈到了公司债务
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I'm using my credit card, I run up a debt that I can't handle.
然后靠信用卡来维持生活，结果负债累累，而我根本还不起。
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In other words, you might think of it as a kind of artificial, processed, bland, easily consumable version of fate. I really mean that. One of the funny things about that debt to Finnegans Wake is, Finnegans Wake as a book of puns is unreadable.
也就是说，你可能会把它当做一种人为的，处理过的，乏味的，容易消耗的命运，我正是此意,关于《芬尼根守灵夜》中一个有趣的事是,它作为一本充满双关语的书是不值得一读的。
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I have to buy them all anyway, so I don't care whether three-fourths of my money goes to debt or one-fourth of the money goes to debt.
反正我都得买下来,所以我不介意投向债务的钱,到底是四分之三还是四分之一
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I think that that's how he paid his debt to society.
我认为，这就是他回报社会的方式。
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I talked about a company as having only shares outstanding, but they also have debt outstanding.
我曾提过只发行股票的公司,他们还会有负债
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Now, assuming that we trust the government-- I think the U.S. Government has never defaulted on its debt-- we'd take that as a riskless return.
假设我们信任政府-,假设美国政府从未拖欠债务-,可以把它当作无风险回报。
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I should be buying all the equity and all the debt as well, right?
就得买下所有的股票和所有的负债对吧
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From the standpoint of a buyer of the whole company, what do I care how the ownership of the company is divided up between debt and equity?
从公司买家的角度来说,我现在关心的只是,公司的所有权,是怎样分配给股东和债务人的
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After that, I want to talk about the debt markets.
在这之后,我想讲讲债券市场
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Now, I didn't talk too much about debt yet.
现在不会涉及太多债务的内容
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Incidentally, did I ever--equity equals shares or stock, so when I talk about debt-equity ratio, I'm talking about the ratio of the value of the company's debt to the value of all of its stock.
顺便说下,普通股就是股票,负债权益比就是,就是公司负债价值,除以股票总价值
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I would be looking at this--at the debt areas Student: You mentioned about the U.S. dollar falling in value recently. What kind of foreign currency vehicles or trading would you recommend to kind of hedge a bet against a dollar assuming that it continues to fall?
我会考虑这方面的投资--债务市场方面的机会,学生：你刚才提到美元,最近贬值的问题，那么哪些品种的外汇金融工具,或者外汇交易在你看来可以用来,对冲美元贬值的风险,如果我们假设美元还会将继续贬值？
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I would be careful and not have all your money invested in stocks. I would look at a lot of these distressed debt--some of the distressed debt that has gone down. I don't know if you understand that but some of the debt that--even bank debt, which is the highest level, I think, has become very cheap.
我会非常的小心，不会把你们的钱全部都,投在股票上，我会寻找一些,不良债务--一些不良债务的价格已经下跌了,我不知道你们是不是理解这些东西,但一些债务--即使是银行债，它们的保险级别较高，我觉得，价格都已经很便宜了。
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Now, D here stands for debt; a minute ago I was using Div to stand for dividends.
这里D代表着债务,之前我曾用Div来代表股利
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I want then finally to talk about Modigliani-Miller and debt.
我想最后讲讲MM模型和债务的问题
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