On that score the old system of historic-cost accounting was worse. In a crisis prices fall until bottom-fishers start to buy. Yet when assets were booked at their original price, rather than the market one, banks could delude themselves—and investors—that dross was gold. Under historic-cost accounting, the banks had every reason not to restructure assets, because that meant owning up to their losses. Look at Japan, where the economy was sunk for most of the 1990s by stagnant loans to “zombie” companies. Historic-cost left investors in the dark about valuations; it was also prone to fraud and fraught with moral hazard, since sloppy lending went unpunished.
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And yet when you think of Nike, you feel something different than a shoe company.
然而,当你想到耐克,你会觉得耐克并不同于一个单纯的鞋业公司。
And yet when I think about working to keep code well-factored and writing tests, I find that makes me go faster.
但当我回顾我自己的经历时,却发现保持代码的良好构造以及编写测试反而使我的工作加快了。
There has never been a game yet when someone from the crowd has scored the winning goal but having the fans' backing should not be underestimated either.
历史上从来没有哪一场比赛的制胜球是由场外观众打进的,但也决不能因此就认为球迷的支持无关紧要。
Yet,when it comes to my own money, I spend it at the drop of a hat - immediately,without waiting.
VOA: special.2010.05.02
But yet when you look back from the nineteenth century, these factors do count in explaining how countries turn out to be the way they are.
不过当你从十九世纪开始回顾历史,这些因素的确能解释,国家是如何转变成现在这样的
But yet when you look at all of this, you can see that the kind of chaos, the political upheavals finds in response in the growth of central government authority and the growth of bureaucracies.
不过当你纵观全局时,你会看到这种混乱状态,特别是政治动乱是与中央政权,和官僚体系的发展紧密相关的
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