Over the years, we've been Woody-like in our thinking, attempting to increase our marketable investments in wonderful businesses, while simultaneously trying to buy similar businesses in their entirety. The following table illustrates our progress on both fronts. In the tabulation, we show the marketable securities owned per share of Berkshire at ten-year intervals. A second column lists our per-share operating earnings (before taxes and purchase-price adjustments but after interest and corporate overhead) from all other activities. In other words, the second column shows what we earned excluding the dividends, interest and capital gains that we realized from investments. Purchase-price accounting adjustments are ignored for reasons we have explained at length in previous reports and which, as an act of mercy, we won't repeat. We'll be glad to send masochists the earlier explanations, however.

多年來(lái)中国精品黄片，我們的看法一直與伍迪一致黄色视频久久免费，在努力增加我們非凡企業(yè)的投資部位的同時(shí)免费看操网站，也試著買(mǎi)下一些同樣優(yōu)秀企業(yè)的全部所有權(quán)在线观看国产理论播放网站免费视频，下表充分顯示了我們?cè)谶@兩方面的進(jìn)展，表中列示出在十年間Berkshire每股所擁有的股票價(jià)值以及每股在扣除利息與營(yíng)業(yè)費(fèi)用之后來(lái)自其它活動(dòng)的營(yíng)業(yè)利益(但未扣除所得稅與購(gòu)買(mǎi)法會(huì)計(jì)調(diào)整數(shù))国产免费吃奶摸下视频在线观看，換言之新品黄色视频在线观看免费，后者所代表的是在扣除我們從股票投資所得的股利、利息收入與資本利得之后的盈余收益欧洲一区视频在线观看，至于購(gòu)買(mǎi)法會(huì)計(jì)調(diào)整數(shù)不列入的原因情侣黄色网站免费看，在以前的年報(bào)中，我們已經(jīng)花了相當(dāng)?shù)钠忉屵^(guò)了三级片手机在线视频，在這個(gè)地方我們就不再重復(fù)了亚洲精品国产精品麻豆99，當(dāng)然如果你有被虐待的傾向的話(huà)，我們也不介意再?gòu)?fù)述一次男人操女人黄网站。

Measures to increase transparency in the work of fees, from meter reading to eliminate the root of "riskcu gu count" and other undesirable phenomena, the company announced to take meter base, meter reading to ask the user signature, and strengthen the supervisory function, meter reading accuracy rate more than 98% of the year did not appear because the measurement of meter-reading charges arising from disputes.

為增加收費(fèi)計(jì)量工作的透明度亚洲一级片免费视频，從根本上杜絕抄表中&粗估冒算&等不良現(xiàn)象，公司采取公布水表底數(shù)无码毛片视频一区二区本码国，抄表單要求用戶(hù)簽字的方式在线黄色黑人网站，強(qiáng)化了監(jiān)督職能，抄表準(zhǔn)確率達(dá)到98%以上，全年沒(méi)有出現(xiàn)因?yàn)橛?jì)量抄表收費(fèi)而引起的糾紛日女人逼视频。

We added some sluggers to our lineup last year. Two acquisitions pending at yearend 2001 were completed: Albecca (which operates under the name Larson-Juhl), the U.S. leader in custom-made picture frames; and Fruit of the Loom, the producer of about 33.3% of the men's and boy's underwear sold in the U.S. and of other apparel as well. Both companies came with outstanding CEOs: Steve McKenzie at Albecca and John Holland at Fruit. John, who had retired from Fruit in 1996, rejoined it three years ago and rescued the company from the disastrous path it had gone down after he'd left. He's now 70, and I am trying to convince him to make his next retirement coincident with mine presently scheduled for five years after my death –a date subject, however, to extension

去年我們的打擊陣容又增添了好幾位強(qiáng)打者在线爆乳，兩件從2001年就開(kāi)始談的案子在去年結(jié)案，全美相框訂做業(yè)的領(lǐng)導(dǎo)廠商Albecca(以L(fǎng)arson-Jhul品牌經(jīng)營(yíng))以及Fruit of the Loom紡織公司亚洲天堂久久2019，全美約有1/3的男士及兒童內(nèi)衣系由該公司制造国内自拍视频在线看免费观看，當(dāng)然該公司還有銷(xiāo)售其它服裝，兩家公司都由相當(dāng)優(yōu)秀的經(jīng)理人領(lǐng)軍亚洲国产欧美在线人成大黄瓜，Albecca有Steve MaKenzie亚洲精品国精品久久99热一，而Fruit of the Loom則有John Holland男人的视屏超碰女人帮，后者在1996年自該公司退休亚洲可以免费在线观看的黄色网址，三年前又回鍋挽救該公司免于毀滅的命運(yùn)，他今年70歲看毛毛片网站，現(xiàn)在我正努力說(shuō)服他跟我同進(jìn)退(目前我個(gè)人預(yù)定在死后5年再辦理退休福利精品一区，并且有可能會(huì)視狀況予以延長(zhǎng))。

In 2003, Berkshire did $2 billion of such borrowing and re-lending, with Clayton using much of this money to fund several large purchases of portfolios from lenders exiting the business. A portion of our loans to Clayton also provided "catch-up" funding for paper it had generated earlier in the year from its own operation and had found difficult to securitize.

2003年欧美性爱大战，Berkshire以這樣的方式借了20億美元99reshipin，并將這筆錢(qián)轉(zhuǎn)借給Clayton，Clayton則將大部分的資金從有意退出此業(yè)務(wù)的金主手中買(mǎi)回應(yīng)收帳款99精品视频免费热播在线观看网站，其余的資金則用來(lái)彌補(bǔ)年前已發(fā)行的受益憑證欧美激情偷乱人伦小说，但由于后續(xù)無(wú)法繼續(xù)發(fā)行所產(chǎn)生的資金缺口。

Baidu said it would be difficult to lower further its cost of traffic acquisition the portion of revenues it needs to spend in order to gain new users after it came down from 15.3 per cent a year ago to 13.2 per cent in the first quarter in the face of competition from smaller rivals.

百度表示久久播放AV，其流量獲得成本（即為了贏得新用戶(hù)而需要支出的營(yíng)收比例）已從去年同期的15.3%日韩毛片一区二区三区，降至今年首季的13.2%。但面對(duì)較小對(duì)手的競(jìng)爭(zhēng)欧美三级性爱在线，要進(jìn)一步降低這項(xiàng)成本會(huì)有難度免费黄色在线网站。

From near the top five vote-quarter 10 positions to analyze changes in the trend, in 2006 the top five vote in the fourth quarter is the peak line positions, from the first quarter of 2007 started to gradually reduce positions until this year quarter to reach the lowest point.

10個(gè)職位來(lái)分析2006年在趨勢(shì)的變化，五大第四季度的投票立場(chǎng)的高峰線(xiàn)從2007年第一季度開(kāi)始逐步減少職位直到今年一季度達(dá)到最低點(diǎn)黄片·COM。

Mowing suppressed seedling emergence of tall-growing Stipa krylovii by affecting seed availability due to reproductive parts removal when mown in the previous year, whilst exerted a positive effect on low-growing Cleistogenes squarrossa probably as result of increased light availability and less competitive pressure from adult individuals, because mowing largely lowered the vegetation height and density. 3."U"shaped curve for seedling mortality across the entire growing season was thought to be associated with seasonal changes of air temperature but a small peak from mid-June to early July could probably be attributed to drought due to previous rainfall shortage.

自5月下旬至8月中旬九九色色免费视频，三種禾草的實(shí)生苗密度總體上都呈上升趨勢(shì)，但刈割和放牧?xí)箍耸厢樏┑膶?shí)生苗密度受到抑制十八岁美女一级片，表明前一年的刈割去除部分生殖器官影響形成實(shí)生苗的種子來(lái)源美女插插插视频；刈割和放牧對(duì)生長(zhǎng)較低矮的糙隱子草實(shí)生苗會(huì)產(chǎn)生正向效應(yīng)，對(duì)低矮和稀疏植被進(jìn)行有規(guī)律的刈割會(huì)增加植物群落內(nèi)部的光照特黄AAAAAA一级视频，減輕實(shí)生苗與成年母株的競(jìng)爭(zhēng)2022最新韩国三级理论。

Lets the human lives to 1000 year-old" the dream from the genetic engineering,"wraps you put on clothes do not need to wash" the promise to a nanotechnology;"Delivers you from the artificial intelligence a lovable machine dog" the warmth,"lets the mouse grows the person ear the marvelous sight to the transgene technology.

從基因工程&讓人活到一千歲&的夢(mèng)想，到納米技術(shù)&包你穿衣不用洗&的諾言人人摸人人操人人插；從人工智能&送你一只可愛(ài)機(jī)器狗&的溫馨爱看AV在线官网，到轉(zhuǎn)基因技術(shù)&讓老鼠長(zhǎng)出人耳朵&的奇觀。

Content of the first year centers on Taiwan indigenous people's traditional culture, such as their ways of living, rituals and ceremonies, crafts and art, music, as well as their current political, social, economical, medical, cultural and art situation. We have organized videotapes related to these topics and start to digitize, analyze, and extract metadata from them. In cooperation with scientists of IIS and CC of Academia Sinica, artists and professional people from Center for the Study of Technology and Art of Taipei National University of the Arts were able to construct a prototype of a video digital museum, with their expertise in web art, multimedia, visual art, scriptwriting and website construction.

第一年在內(nèi)容部分的主要工作欧美官网在线观看，是將有關(guān)臺(tái)灣原住民各族傳統(tǒng)生活方式好叼爽,这里只有精品、祭儀200毛片、工藝、音樂(lè)等傳統(tǒng)文化www.色色99，與臺(tái)灣原住民現(xiàn)代政治色色色色鬼、經(jīng)濟(jì)、醫(yī)療国产一级A片婬片免费、文化午夜免费A片、藝術(shù)等相關(guān)影音資料進(jìn)行整理、數(shù)化亚洲免费aa视频、分析及建立詮釋資料黄色视频无遮挡无内衣，并與中研院資訊所與計(jì)算中心合作，藉由現(xiàn)有相關(guān)技術(shù)與設(shè)備的整合應(yīng)用日韩一级片网站，結(jié)合臺(tái)北藝術(shù)大學(xué)科技藝術(shù)研究所與研究中心在網(wǎng)路欧美性爱在线影视福利网、多媒體、視覺(jué)藝術(shù)首页一黄色视频、腳本設(shè)計(jì)與電腦網(wǎng)站建構(gòu)之經(jīng)驗(yàn)国产一级牲交视频播放在线观看，建立一個(gè)電子影音數(shù)位博物館的原型。

April Fools' Day is a day to play jokes on others, No one knows how this holiday began but people think it first started in France. In the 16 th century, people celebrated New Year's Day from March 25 to April 1. In the mid—1560s King Charles IX changed it from March 25 to January 1. But some people still celebrated in on April 1, so others called them April Fools.

愚人節(jié)是一個(gè)開(kāi)別人玩笑的節(jié)日黄色18网站，沒(méi)人知道這個(gè)節(jié)日是怎么誕生的美国一级黄片人兽，但是人們認(rèn)為最初是從法國(guó)開(kāi)始的，在16世紀(jì)老女人喷水毛片，人們?cè)?月25日到4月1日期間慶祝新年www.欧美a片，在1560年年中，國(guó)王查理IX世把新年從3月25日改成了1月1日综合国产视频，但是有些人仍然在4月1日這天慶祝新年毛片加双，所以人們把這些人稱(chēng)為&四月的愚人&。