President Obama says the U.S.tax code is cheating the United States out of good-paying jobs and badly needed funds.

VOA: standard.2009.05.04

There are some spikes up like, for example, in--what year--that was 1921 maybe--this year, this is 1932 or 1933--the companies were paying out 160% of their earnings as dividends.

这里几处激增,例如,这是哪年,1921,那年,1932或者1933,公司付出了,收益的160倍作为股利

耶鲁公开课 - 金融市场课程节选

They want to make sure that there's a significantly high probability-- sufficiently high probability-- that even if they get a bad draw and there are a lot policies that require paying out, that these reserves will satisfy.

他们想要确保,即使保险公司遇上严重事件,面临大量的保单赔付,他们仍然有充分能力,来应付这种状况,也就是说准备金必须足够多

耶鲁公开课 - 金融市场课程节选