|
Ävª§¤¤°ê¯è½u¤ÞÃz¿E¯P´å»¡¤j¾Ô
2006-09-15
¦b¬ü°ê¯èªÅ·~¥¿±q¾ú¥v³Ì§C¨¦½wºC¨«¥X¤§»Ú¡A¬ü°ê¥æ³q¹B¿é³¡§Y±N§å㪺¤@±øª½¯è¤¤°êªº¯è½u¡A¤w¦b¬ü°ê¤L¤j¯èªÅ¤½¥q¶¡¤ÞÃz¤@³õ«e©Ò¥¼¦³ªº¿E¯P´å»¡¤j¾Ô¡A³£§Æ±æ¾ÌÉűo³o±ø·s¯è½u¨Ó´£°ªªø´ÁµäÁYªº¸gÀٮįq¡CµØ²±¹y¶l³ø«ü¥X¡A¤Þ°_¬ü°ê¤L¤j¯èªÅ¤½¥q±j¯P¿³½ìªº¡A¤£¶È¬O¦]¬°¤¤°ê¸gÀÙªº¼Wªø¡A¦Ó¥BÁÙ¦³2008¦~ªº¥_¨Ê¶ø¹B·|¡C¦hºûªÀ¤w¦b¦«eªº³ø¾É¤¤¤¶²Ð¹L¡A¥Ø«e¦@¦³¥|®a¬ü°ê¯èªÅ¤½¥q¤w¦V¬ü°ê¥æ³q¹B¿é³¡´£¥X¤F¥Ó½Ð¡A¥L̤À§O¬O¬ü°ê¯èªÅ¤½¥q¡B¬ü°êÁp¦X¯èªÅ¤½¥q¡B¬ü°ê¤j³°¯èªÅ¤½¥q©M¬ü°ê¦è¥_¯èªÅ¤½¥q¡C µØ²±¹y¶l³ø9¤ë15¤é¦A¦¸µoªí¤å³¹¡A¤¶²Ð¤F¥|®a¬ü°ê¯èªÅ¤½¥q¨¤³v³o±ø·s¯è½uªº¶i®i¡C¦ý±q³o½g¤å³¹¤¤¤]¤£Ãø¬Ý¥X¡AµØ²±¹y¶l³ø§ó¶É¦V¤_¬ü°êÁp¦X¯èªÅ¤½¥qűo³o±ø·s¯è½u¡A¦]¬°¦b©Ò¦³Ävª§ªÌ¤¤¡A°N¦³Áp¦X¯èªÅ¤½¥qp¦EÉÛ¹@¥ÑµØ²±¹y§ù°Ç´µÉó³õª½¸¥_¨Êªº¯è½u¡C³o±ø·s¯è½u³Ì¦¥i¦b2007¦~3¤ëÉÛ³q¡C µØ²±¹y¶l³ø»¡¡Aª§¹Ü¤¤°ê·s¯è½u¤w¬ü°ê¥|¤j¯èªÅ¤½¥q®iÉÛ¤F¿E¯Pªº´å»¡¤j¾Ô¡A³o³õ¤Ö¨£ªº´å»¡§ð¶Õ¡A¤w¸g§â¦U¯èªÅ¤½¥q©Ò¦b¦aªº°Ó·~²Õ´¡Bijû©M«eÁp¨¹¬F©²¯èªÅ©xû³£©Ô¤F¶i¨Ó¡C¦¹¥~¡A¥|¤j¯èªÅ¤½¥q¤Sµo°Ê¸s²³¡An¨D¼«È¦V°ê·|©M¥æ³q³¡¶l»¼¤ä«ù«H¡C ¦æ·~¤ÀªR®a¦Ì°Ç(Michael Miller)¦b½Í¨ì¤¤°ê·s¯è½u¤ÞÃzªº¿E¯PÄvª§®É«ü¥X¡A¡§§Ú̩Ҧb½Í½×ªº¬O¨C¦~¯à°÷¦³¼Æ¦Ê¤W¤d¸U¬ü¤¸ªºÄ¹§Q¡A¦Ó¤£¬O¤p¥´¤p¾x¡C¦b¤@Ӱꤺ¯èªÅ®È¦æÄvª§¿E¯Pªº®É¥N¡A¶H³o¼Ëªº°ê»Ú¯è½u«h¥NªíµÛ¤@Ó¯à¤ñ°ê¤º¥«³õűo§ó¦h§Q¼íªºÉó·|¡C¡¨ ¦b¦V¬ü°ê¥æ³q¹B¿é³¡´£¥æªº¥Ó½Ð¤¤¡A°£¤F¬ü°êÁp¦X¯èªÅ¤½¥qp¦EÉÛ¹@µØ²±¹yª½¸¥_¨Êªº¯è¯Z¥~¡A¬ü°ê¯èªÅ¤½¥q´£¥X¤F¥Ñ¹F©Ô´µª½¸¥_¨Êªº¯è½u¡A¬ü°ê¤j³°¯èªÅ¤½¥qã³Æ§â¯Ã¥Ë§J©M¤W®üÁp±µ°_¨Ó¡A¦Ó¬ü°ê¦è¥_¯èªÅ¤½¥q«h§Æ±æÉÛ³q©³¯S«ßª½¸¤W®üªº¯è½u¡C¥Ø«e¡A¤Wz¥|®a¤½¥q³£¦³¸©¹¤¤°êªº·~°È¡C¦ý©Ò¦³¥Ó½ÐªÌ³£ªí¥Ü¡A·s¯è½u±N·|¬°¼Æ¦r¥¨¤jªº¼«È¸s´£¨ÑªA°È¡A¦P®É¤]·|±a°Ê¦U¤jÉó³õ©PÃä¦a°Ïªº¸gÀÙµo®i¡C ¬ü°ê¯èªÅ¤½¥q¦b¦V¥æ³q¹B¿é³¡´£¥æªº¥Ó½Ð¤¤«ü¥X¡AY¬O§â³o±ø¤¤°ê·s¯è½u¡§¼úÀy¡¨µ¹Áp¦X¯èªÅ¤½¥q©Î¦è¥_¯èªÅ¤½¥q¡A¨º±N¬OÌ夣¬O¡§¤½¥ªº¡¨¡A¦]¬°³o¨â®a¯èªÅ¤½¥q¥Ø«e³£¤w¦b¨È¬w¾Ö¦³¼sªxªº¯èªÅºô¡C¦Ó¦è¥_¯èªÅ¤½¥q«h¦b¥Ó½Ð¤¤ªí¥Ü¡AÉÛ³q©³¯S«ß¸¤W®üªº¯è½u¡A±N·|¶W¹L¨ä¥¦Ävª§¹ï¤â¡A¦V§ó¦hªº©PÃä«°¥«´£¨ÑªA°È¡C¤j³°¯èªÅ¤½¥q«h¤j¥´¡§µØ¤HµP¡¨¡AºÙ·s¿A¦è-¯Ã¬ù¦a°Ï³£n¤ñ¨ä¥¦¦a°Ï¾Ö¦³§ó¤j³W¼ÒªºµØ¸Ç¤H¤f¡C ¤j³°¯èªÅ¤½¥q¨È¤Ó°Ï¸ê²`°ÆÁ`µô®J¤å(Mark Erwin)9¤ë7¤éÄ⤽¥q¦h¦ì°ª¼h¤Hû¦b°Ò«¢¹y¤¤°ê«°Á|¦æ°OªÌ·|¡A¾ú¼Æ¥L̪ºÉ¬¶Õ¡B¯S§O¬O¾Ö¦³¤¤°ê¯è½uªº¦¨¥\¸gÅç¡A¬°¸Ó¤½¥q¥Ó½Ð¦¹¯è½u³y¶Õ¡C®J¤å»¡¡G¡§§@¬°¬ü¤¤¨â°ê¸g¶T¤¤¤ßªº¯Ã¬ù©M¤W®ü¤§¶¡ªº³o±øª½¯è¯è½u±N¥[±j¤¤¬ü¨â°ê°Ó·~©M¤å¤Æªº¥æ¬y¤¬°Ê¡C¦Óª½¯è±N¸û¤¤Âà¯è½u¸`¬Ù¤¤p®Éªº¸¦æ®É¶¡¡A¤j¤j¦³¯q¤_¼«È¡¨¡C ¬°¤F±À°Ê³o³õ«Å¶Ç¤j¾Ô¡A¬ü°êÁp¦X¯èªÅ¤½¥q¤w¦P¤j³£¥«µØ²±¹yÉó³õºÞ²z§½¡B¦a¤è®È´å©xû©M¤jµØ²±¹y¦a°Ï¶T©ö©eû·|µ²¦¨¾Ô²¤Áp·ù¡C³oÓ·s²Õ«ØªºÁp·ù¤w¤_9¤ë12¤é±Ò°Ê¤F¤@Ó¡§º³£¦Üº³£¡¨ªººô¯¸(capitaltocapital.net)¡A¨Ó±j½Õ¥L̩Ҧ³»¡ªºµØ²±¹y-¥_¨Ê¯è½uªº«n©Ê¡C ¬ü°êÁp¦X¯èªÅ¤½¥q°ÆÁ`µô³¶ð§J(Michael Whitaker)©Z©Ó¡A¡§±q°Ó·~Æ[ÂI¬Ý¡A©Ò¦³¤H³£©Ó»{¤¤°êªºÃø¥H¸m«Hªº«n©Ê¡A¤¤°êªº¸gÀÙ¥¿¥H¨C¦~10%ªº³t«×¼Wªø¡A¤¤°êªº»Ý¨D«D±`°ª¡A¸©¹¤¤°êªº¯è¯Z±N·|¥X²{«D±`º¡ûªºÁͶաC³o¹ïµØ²±¹y¦a°Ï¨Ó»¡±N¬O¤@µ§«D±`¤jªº¥Í·N¡A¦óªp¦Û1972¦~¥H¨Ó§ÚÌ´N©M¤¤°ê¹ê²{¤FÃö¨t¥¿±`¤Æ¡A¦ý®É¦Ü¤µ¤é¤´¨S¦³ª½¸ªA°È¡A³o¦ü¥G¦³¨Ç»¡¤£¹L¥h¡C¡¨ ¦b¦V¬ü°ê¥æ³q¹B¿é³¡»¼¥æªº¥Ó½Ð¤¤¡AÁp¦X¯èªÅ¤½¥q«h§â¤¤°ê·s¯è½u¤W¤É¨ì¡§¬Fªv°ª«×¡¨¡AºÙ¥L̪ºªA°È±N¬°º³£ÉOº³£¤§¶¡´£¨Ñ¤@±ø¦ÜÃö«nªºÁp±µ¡A¼W±j¬ü¤¤¨â°ê¤§¶¡ªº¬Fªv¡B¸gÀÙ©M¤å¤ÆÃö¨t¡C¤]¦³±M®a«ü¥X¡A¬ü°ê¥æ³q³¡¦b¦Ò¼{¯èÅv§åã®É¡AÀ³¸Óª`«°ö¾i¤@®a¦b¤¤¬ü¯è½u¤W¡A¦³¹ê¤O¡B¯à¼W¥[¥«³õÄvª§¤Oªº¯èªÅ¤½¥q¡C±q¥Ø«e¥|®a¯èªÅ¤½¥qªº¥«³õ¦a¦ì¡B¹BÀç¯à¤O¨Ó¬Ý¡AÁp¦X¯èªÅÀ³¸Ó¬O¤ñ¸û¦XÓ쪺¿ï¾Ü¡C ¦b2000¦~ªº®ÉÔ¡A¦b¤¤¬ü¯è½uªº¥÷ÃB¤W¡AÁp¦X¯èªÅ¤½¥qÁÙ°N¬OÉO¦è¥_¯èªÅ¤½¥q¥¤À¬î¦â¡A¦U¥e20%¥ª¥kªº¥«³õ¥÷ÃB¡C¦ý±q¥Ø«e±¡ªp¬Ý¡A¦è¥_¯èªÅ¤½¥q¦b¤¤¬ü¯è½u¤Wªº¹BÀç¤w¸g³B¤_¦H¶Õ¡C¦b¨â®a¤½¥q³£¥Ó½Ð¯}²£«OÅ@¦Z¡A¦è¥_¯èªÅ¤½¥q½Õ¾ãµ¦²¤¡A°§C¦b¤¤¬ü¯èªÅ¥«³õªº¹BÀç¤O«×¡C¬Û¤ñ¤§¤U¡A¬üÁp¯è«o¤£Â_¥[¤j¤¤¬ü¯è½u¤Wªº¹B¤O§ë¤J¡C ®ÚÕu²Îp¼Æ¦r¡A2005¦~¡A¦b¥Ø«e¹BÀç¬ü¤¤¯è½uªº¬ü°ê¤L¤j¯èªÅ¤½¥q¤¤¡A¬üÁp¯èªº¥«³õ¥÷ÃB¤w¸g¥eÕu¤F¤¤¬ü«È¹B¶qªº¤¦¨¥ª¥k¡C¦¹¥~¡AµØ²±¹y¦Ü¥_¨Ê¯è½uÁÙÀò±o¥Õ®cªº¤ä«ù¡C¥Õ®cµo¨¥¤H¦bP¥æ³q³¡ªº«H¤¤ÃÙ¦¨³o¤@·s¯è½uªºÉÛ³q¡A¥Õ®cªí¥Ü¡AµØ²±¹y¯S°Ï¬O¬ü°ê³Ì¤jªº«°¥«°Ï°ì¡A«o¬O©|¥¼ÉÛ³q¤£°±¯¸ª½¸¤¤°ê¯è¯Zªº«°¥«¡C¦p¤µ¡A¤¤°ê¦b¥þ²y¸gÀÙ¤¤«O«ùµÛ±j«l¼Wªø¡A¤¤¬ü¨â°ê¬F©²¤§¶¡ªº«ùÄò¹ï¸Ü´NÅã±o«D±`«n¡A¤¤¬üº³£¶¡ªº¯è¯ZªA°È±N¬°¦¹³Ð³y«K§Q¡C ÀHµÛ¬ü¤¤°Ó°È¶T©ö©¹¨Óªº¤é¯qÀWÁc¡A¥H¤Î2008¦~¥_¨Ê¶ø¹B·|ªºÁ{ªñ¡A¬ü°ê¦U¤j¯èªÅ¤½¥q¦A¦¸±Nª`·N¤OºË㤤°ê¥¨¤jªº¯èªÅ¥«³õ¡AÄv¬Û¥Ó½ÐÉÛ³q§ó¦h¬ü¤¤ª½¯è¯è½u¡C¬ü¤¤·s¯èÅv¨óijªºÃ±¸p¡A¨Ï±o¬ü¤¤¤§¶¡ªº¯è½u³Q»{¬°¬O¥¼¨Ó¤Q¦~¤º¥þ²y³Ì¨ãµo®i¼ç¤O©MŧQ«e´ºªº¯è½u¡C¬°¦¹¬ü°ê¥Dnªº¯èªÅ¤½¥q¥Ø«e³£¦b¯É¯É¶i¦æ¯èªÅ¸ê·½½Õ°t¡A¼WÉÛ¤F¦h±ø¨È¬w¯è¯è½u©Î¦b즳¯è½u¤W¼W¥[¯Z¦¸¡A¦}¶É¤Oª§¹Ü¬ü¤¤¤§¶¡ªºª½¯è¯èÅv¡C
¶Ç³q¥Î-ºÖ¯S¤w°Q½×¦X¦}©Îµ²·ù (2006-09-18)°¨¥¬¨½±À¥Xª«¬üɲ·GÄx²y¾c ¨CÂù°âɲ15¬ü¤¸ (2006-09-18)Ävª§¤¤°ê¯è½u¤ÞÃz¿E¯P´å»¡¤j¾Ô (2006-09-15)©³¯S«ß¾_°Ê¶¤¹Ü±o¢å¢Ü¢Ð¢ÏÁ`«ax (2006-09-09)¬ü°ê¯èªÅ¤½¥qª§ÉÛ¤¤°ê½u (2006-09-08)
|