endous task to

b them in the urban life. The first and foremost challenge in this process would be the housing problem. Experiences in other countries show that negligence on this issue would lead to the pitfall of urban slums. The present text examines the relationship between urbanization a     

从Copy to China，到to China Copy

众所周知，中国互联网在过去几十年走了一条C2C（Copy?to?China）的路，几乎所有知名互联网应用都可以在美国找到它的影子，在“微创新”这样的外衣下，没人觉得这有什么不好。最近正在发生一些微妙变化，C2C很难奏效，同时海外产品开始向中国同行取经，to?China?Copy（到中国复制）兴起，移动互联网时代中国的玩家们获得了逆袭的机会。     

Life to he Chosen

The happiest of people don＇t necessarily have the best of everything;they just make the most of everything that comes along their way.     

Introduction to Huairou District

Located in the northeast of Beijing, Huairou District boasts total area of 2128.7 square kilometers with inhabitant of 304 thousand. In 1995, the district hosted the 4th UN World Women Conference-Non-government Organization Forum.     

The logical status of risk – to burnish or to dull

Presented here is an elaboration of the fundamental features of the meaning of risk. It distinguishes between analytic approaches grounded in realism and postmodern (including constructionist) epistemologies and the presuppositions of each. It argues that attempts to fuse the ontology of risk with epistemological considerations into a common definition is both internally contradictory and a weak foundation for a theoretically justified definition of risk. In place of a fused definition of risk, it re‐affirms a definition risk as a state of the world, independent of percipient actors.     

Way to Capital Stage

What＇s the main symbol of a financial center？ The built-up skyscraper, banking network anywhere or the flourishing business center？ All these are indispensable, but there has another element which is also indispensable- a symbolic international financial conference.     

Way to Wall Street

There are 8 China semiconductor companies went to overseas stock markets and total market capitalization today is about US$10 billion. It is expected in the next 10 years, China will become the fast growing “ World Capital Market”and semiconductor companies will be a key and leading player.     

Beijing is to issue policies to support chain operation development.

In order to adapt to the requirements of the modern circulation and further improve the organizing extent and scale level of chain operation in Beijing and help the resources integration and technical upgrading of the chain operation enterprises, enhance the market competitiveness of such enterprises and meet the demands of people to improve their living quality, Beijing Commerce Bureau and Beijing Development and Reform Commission recently issued Implementation Suggestions on Promoting Chain Operation Development.     

Are for-profit hospital conversions harmful to patients and to Medicare?

We examine how changes in hospital ownership to and from for-profit status affect quality and Medicare payments per hospital stay. We hypothesize that hospitals converting to for-profit ownership boost post acquisition profitability by reducing dimensions of quality not readily observed by patients and by raising prices. We find that 1-2 years after conversion to for-profit status, mortality of patients, which is difficult for outsiders to monitor, increases while hospital profitability rises markedly and staffing decreases. Thereafter, the decline in quality is much lower. A similar decline in quality is not observed after hospitals switch from for-profit to government or private nonprofit status.     

Introduction to Daxing District

Located in the south of Beijing, Daxing District is a unique suburban county with two new satellite towns in Beijing, among which Huangcun satellite town with district government is 13 kilometers away from the 3rd-Ring Road South, one of the first satellite towns of key development in Beijing with approval by the State Council in 1984. Beijing New City Yizhuang, or Beijing Economic and Technological Development Area is another new satellite town rapidly growing up in Yizhuang Town of Daxing District.     

Risks to Price Target

According to the Sohu＇s price target calculation, our price target of S26 is based on 25X our ＇07 non GAAP EPS estimate of $1.03 and 32X GAAP EPS of $0.82, or approximately 1.0X P/E to growth. Our target 1X PEG is in line with that typically accorded Chinese online ad companies, It also equates to ～20X P/E to our 200SE add jeste EPS （which adds back the stock based compensation）, Looking at free target implies 3.5% cash flow yield, excluding more than $L80 per share in net cash balance sheet.     

How to Weigh Unemployment Relative to Inflation in Monetary Policy?

The monetary policy mandate for the Federal Reserve and of the Riksbank are essentially the same and boil down to stabilizing inflation around the inflation target and employment or unemployment around a long‐run sustainable rate. The relative weight on stabilizing unemployment or employment versus stabilizing inflation may be close to one. A positive unemployment‐gap forecast normally calls for a positive inflation‐gap forecast.     

Introduction to Tongzhou District

Tongzhou District is located in the southeast of Beijing, at the north end of Great Jinghang Canal and the east extending line of Changanjie, with area of 912.34 square kilometers. Tongzhou has a history of more than 2000 years, which is the important traffic passage, important storage place in the east of Beijing in history. In the history, for states coming to pay respects to Ancient China, local     

Introduction to Shunyi District

Located in the northeast of Beijing, Shunyi District is 30 kilometers away from the urban area, with total area of 1021 square kilometers and plain areas of 95.7%. Shunyi District boasts of an elegant natural environment, and the location advantages are richly endowed by nature with transport facilities. The largest airport of the country -     

Introduction to the Financial Street

The reply of the State Council to the Overall Planning of Beijing City as of October 1993 clearly pointed out that "the national financial management center shall be set up in the area of Financial Street in the belt from Fuchengmen     

Introduction to the Media Road

International Media Street is located in the central part of Xuanwu District. Its northern end is Xuanwumen and the southern end is Road Nanbinhe. Its whole length is 3.2 kilometers, with total areas about 220 hectares and total construction areas about 5.60 million square meters. The main functions of the international media street is to service the media organizations and institutions at home and abroad, promoting the developing operating of the modem media industries, showing modern media technologies and products, collecting and distributing developing information about modern media industry.     

Two Risks to World Market

eyond our expectations of happy slowdown＇in 2007, we offer our first guess at the global economic picture in 2008, We expect global growth in 2008 to be higher than in 2007, not least due to a possible improvement in the U.S.. Our forecasts also suggest that the trend growth rate is on the rise in many parts of Europe （especially Germany and the UK）, as well as in significant parts of Asia （particularly China and India）, We also see few signs that this strong growth is generating higher inflation.     

Too old to learn?

C.J. Albert, the head of family-owned Armor Coat Insurance, is just settling in on a Sunday evening when the receives an unsettling phone call from his star salesman. Fifty-two-year-old Ed McGlynn has just returned from a business dinner with his younger technology mentor, and he's none too happy with the way he's being treated. If C.J. doesn't take this attack dog off him, Ed warns, he's gone. C.J. had indeed assigned 28-year-old Roger Sterling--the company's monomaniacal, slightly antisocial director of e-commerce--to teach Ed about digital strategy and the Web. Reverse mentoring seemed like a good way to create synergy between the sales and technology groups. The goal was to create a digital insurance product that would allow Armor Coat to keep up with its competitors. But there'd been tension between Ed and Roger right from the start--stemming from their personalities and their two departments. So when the two reluctantly agreed to meet for dinner to talk, the conversation didn't go well. Ed insisted that great sales reps, not the Internet, are crucial to selling insurance. Roger insisted that the Web will revolutionize the way insurance is sold and distributed--that Ed either give in or move on. Ed took off in a huff and subsequently phoned C.J. Roger followed Ed's irate call with his own weary ultimatum: "Either Ed goes or I go." C.J. faces some difficult Monday-morning discussions with both disgruntled parties. What should he do? Six commentators, including a mentor-protégé pair, offer their advice in this fictional case study.     

NASDAQ to mtroduce ETF market

The Nasdaq Stock Market Inc. （NASDAQ） announced on July 4 it will introduce the NASDAQ Exchange Traded Fund （ETF） Market, a market segment designed specifically for ETFs and Index Linked Notes （ILNs）.     

How Much Did Banks Pay to Become Too-Big-To-Fail and to Become Systemically Important?

This paper estimates the value of the too-big-to-fail (TBTF) subsidy. Using data from the merger boom of 1991–2004, we find that banking organizations were willing to pay an added premium for mergers that would put them over the asset sizes that are commonly viewed as the thresholds for being TBTF. We estimate at least $15 billion in added premiums for the eight merger deals that brought the organizations to over $100 billion in assets. In addition, we find that both the stock and bond markets reacted positively to these TBTF merger deals. Our estimated TBTF subsidy is large enough to create serious concern, particularly since the recently assisted mergers have effectively allowed for TBTF banking organizations to become even bigger and for nonbanks to become part of TBTF banking organizations, thus extending the TBTF subsidy beyond banking.