However clear, does this message actually matter? It is hard to see why private-equity firms feel they need to be defensive about falling valuations. After all, they are paid if and when they sell companies for a profit, not on the basis of current marks. They lock in their clients' capital for many years and do not face the collateral calls and liquidity squeezes that make hedge funds so sensitive to calculations of net asset value.
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However clear, does this message actually matter?
尽管事实很清晰,但是这个信息究竟重要吗?
However, most of the writing is succinct; the historical accounts are clear and to the point; and the investigation of the causal links between liberalism and war is admirably thorough.
然而,大部分文字是简洁的;历史记载清晰而中肯;而且,对自由主义和战争之间因果关系的调查是彻底的,令人钦佩。
However, its new 10-year plan makes clear it believes it still has a long way to go.
然而,其新制定的十年计划明确表示,它认为仍有很长的路要走。
However,the band is clear about staying pure in the music business.
VOA: special.2010.04.16
This much scientists knew. However,they were not clear on how that receptor was activated when this kind of painful event occurred.
VOA: standard.2010.05.04
What is becoming clear however, is that Chinese workers are expecting more for their hard work.
VOA: standard.2010.06.24
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