Like a swap, issuers of CPDOs get premium income upfront but have to pay out if a company in the index defaults.

和掉期一样，CPDO的发行人最初收入权利金，但是如果指数中的一家企业出现违约，它必须付出赔偿。

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America's consumer-confidence index has fallen to a 28-year low, which suggests that consumer spending will fall. This, in turn, will spur firms to cut costs and limit pay rises.

美国消费者信心指数已经跌至28年来最低，意味着消费支出降低，这又会刺激企业进一步削减成本，控制工资上升。

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The rises come at time when many Londoners face a pay freeze and the retail price index is running at -1.4%, and on top of a 6% increase in fares this year.

在涨价政策出台的同时，很多伦敦市民正面临囊中羞涩的艰辛，零售物价指数更是达到了- 1.4%。而在此之前，公共交通费用今年已经上涨了6%。

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But if one's concerned about risk for Diabetes, which many people are, or have a family history of that, this glycemic index approach is not a bad one to pay attention to.

但是对于那些在意糖尿病患病风险,或者有糖尿病家族病史的人来说,这个血糖指数方案是值得关注的

耶鲁公开课 - 关于食物的心理学、生物学和政治学课程节选

And government debt is rising due to overgenerous civil-service pay and benefits (including index-linked pay rises twice a year).

ECONOMIST: Charlemagne

The other party to the swap would receive the same cash flows in reverse, pay the quarterly index return and receive LIBOR plus the spread.

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CPDOs get premium income upfront but have to pay out if a company in the index defaults.

ECONOMIST: Buttonwood: Premium bonds | The