seems like there are rare people will transfer his or her blog in wordpress to others, but I have the deep problerm on proxy, I am located in China where the wordpress can not be connected directly.

I did try the blog service from Google, but not succeed. anyway, my final solution is switch all my blog posts to a new website, www.wordpress.com.cn. I think finally I can upload picture now

so, Let’s get started. about a whole week I have not find any time for physical exercise running and post my wordpress.

so far, I had been working in the company for about 4 days. and the feeling is, em, what I am gotta say, yes, It was actually fresh atmosphere. around with young people whom birth after 87 or 88, about 5-6 years younger than me. I think I totally accepted this kind of life. and just need a little bit adjust on my daily schedule time table.

the income may not as high as my original expecting, but I think I could handle that, especially after the fixed income of salary I also will have the commission which is a little bit higher than other colleagues. the company is located in the center of this city, amazing thing is that it was in the Red Shield Building which somehow symbolic stand on the government business management organization. so we have the great excuse to develop the client and provide service to gain our profit.

another funny thing is today I did found some really useful good book in company, they are rarely opened, almost fresh new. some of them are related to the sales, and some are not, but all useful. most important is they are all free to read. yeah, that means it is the time for me to gain and expand my sale experience now. on the other hand the rules here is stricken cause the business rule. we have to always ware the shirt and tie which makes us looks professional. at first I was a little conflict with this standard ware until the manager asked me to ware my tie. I considered deeply about this issue. and made my decision finally, OK, no problem, for a sale man not an musician or any other kind of occupation, the descent suit is definitely essential particularly the tie.

the plan on the international business is continues grows. name card for the EVER LINK Export company had been designed and worked out. and I did attend the beauty and cosmetic big affairs achieved my first market investigate job, although no one is asked me to do it, the goal which I did set before needs me to make it out. the process of collecting name card and information of those enterprise is quite good for my experience grow. and this kind of work means working for myself indeed. just keep going on I think I will find the opportunity god had set for me.

Spanish is the most beautiful sound I had heard in this planet. maybe I did fall in love with those cute Spanish women. we will see, whether could I found a Spanish women to be my wife. that’s not a serious joke I have some insisted mean it.

the Michael and Janis now became my closed friend in my Guangzhou life. they are so kind and so open and actually stands my mood. I really love to drink beer with these guys as the same way they told me that the love they have on Chinese tea meet in my house.

OK, seems like now is the last hour on working before the national celebration holiday. wish everyone have good time during these days.

OK, 98 RMB, a buffet, I think I love it. since I had registered on the website namely GZstuff which is a community crowd by local Guangzhou people, I always wondering to experience the meet there. get new acquaintance and new friends. for me, a brand fresh new guy to Guangzhou, have some foreign friends from all over the world is such a fantastic things I could ever imagine. and now the opportunity is come, so I definitely attended.

well, meet some guys there, a western people from a place I never heard before is extremely mysterious, when he answer the question where you from, he said, I do not know. all right, this is the best and most inspiration answer for this question I have ever heard. he looks like some kind of religion one, wear a pure buldism T-shirt. and he is a vegetarian. I leaved his email and googled his hometown which is a minor nation among western countries. Busque. maybe that is the reason why he is so mysterious for me.

the other one is a girl. in fact I was the frist one arrived the club, and this girl is the second one. she is pretty, and have some unique style hardly to describe, anyway, I just have to say it was my pleasure to share buffet with her, as she had been doing the international business for years I leaved her number for next time meeting.

a africa American girl together with an typical American guy were siting infront of me. they are teachers in a university in Guangzhou, well, I had some deep conversation with that black girl, she is quite enthusiam, and I like it, her hair is really nice, since I never see this kind of hair by my own eyes before. if there is a chance I would like to have more conversation with her indeed.

also there are lots of other guys I would like to talk, but the atmosphere is quit noise over the dinner, well the boss of that club is from Hongkong, and he left me an impression of every south Chinese style, I love his club, but a little bit expensive for me as a fresh new guy in Guangzhou, anyway, I think I will attend his club event some time later when I used to my new career. he is actually a funny guy anyone could like to chat with him.

OK, although this event is a grand new experience in my life, I appreciate that, those excellent food, those kind people from all over the world, those beautiful girls and servants. all right I just keep going on as the book had said, try to experience various style of life every month. another interesting I need to mention is that, yesterday event, seems like I was the only one male Chinese guy in that event. and most of the foreigners are male, except me, most of the girls are female. OK, what a interesting story. looks like foreigners males are here in Guangzhou to looking for their love. maybe I could find some too. wish everyone good luck in event.

华尔街的溃败
the collapse of Wall street

华尔街多么的接近崩溃——而作为结果，金融系统将如何进行改变。
the Wall street is such close to collapse, and how will the financial system change as result

网络版专稿 记者 焦建 “企业即将完成一场伟大的探险事业，但却没人知道这探险的内容究竟是什么。”发生在1720年南海公司身上的故事，在21世纪有了翻版。

EEO, web version reporter, Jiao Jian. “now the enterprise is going to achieve a great adventure but no one knows what exact in that adventure.” a same story happened in south sea company now had another version in 21 century.

现代金融业承诺奇迹发生，诱使天才和“威尼斯商人”们在同一个舞台登场——不可避免的，以毁灭结局。早在2005年的时候，格林斯潘就说过，“和仅仅四分之一个世纪之前的金融系统相比，不断增加的复杂的金融投资工具使得现今的金融系统变得过于死板、低效和缺乏弹性。”这话用在之前的贝尔斯登和今天的雷曼兄弟身上再恰当不过——到目前为止，美国最大的五大投行中，已经有三个中枪倒下了。

modern financial industry promised the possible of micricle which attract talent and merchant come on the same stage, unavoidable will result with destroy. Greny Spain had said in 2005 that, compare with the financial system only 1/4 century before, those continually increase complex invest tools made the financial world today is much much rigid, inefficient, and lack of flex ability. now his word is actually working on Bersiden and Rahmen Brother. so far, 3 of 5 biggest American invest bank are collapse.

在现代金融业的批评者那里，贝尔斯登和雷曼的最终结局是放任主义哲学的必然结果。这种管理措施过分放纵了毫无管制的金融服务创新及其扩张。这一切造就了一个复杂、独立的金融体制。而它恰好和公众的利益是有冲突的——在次贷销售市场里随处可见猖獗的欺诈行为。而过分的考虑短期收入使得银行家和基金经理们根本不考虑其所作所为将会引起什么样子的长期后果。他们的博弈游戏建立在这样的认识基础上——假如有一天灾难降临，肯定有其他人——不管是借贷者、投资者还是纳税人——将会承担至少是一部分的损失。

according to those criticize which against modern financial system, the outcome of Breston and Rahmen is actually the inevitable result of the freedom philosophy. this kind of measures allowed the unlimited or uncontrolled creation and extension of financial services. and all of those created a complicate and independent system which is against the public benefit, the fraudulent conducts can be found every where in the loan market. the excessive consideration on short term profit makes those bankers and fund managers have to idea on the consequences in a long term of what they do. and their game rule is founded on a basic that there will always be some one, no matter the borrowers, investors or taxpayers, who pay at least some part of their lost.

自从金融投资的的古典时代结束之后，金融业每十几年都会经历一次动荡和繁荣的周期。但过去的十年间格外的让人觉得难受。亚洲金融危机、长期基金管理的崩溃、网络泡沫危机，现在也许你可以称之为第一次“信贷皮炎”危机。假如说批评者的判断正确而且金融业里的某些东西确实已经破灭了的话，接下来将是一股回归管制的风潮。金融业将恢复到就像Alistair Darling所说的那种“优良的旧式银行业”的状态中去。但批评者的预言正确吗？到底金融业存在着什么问题？如何才能够解决它们？

since the classic era of financial investment goes to end, a big turbulence and booming will take place in every decade.but recent 10 years is particularly suffering people. Asia financial crisis, the collapse of long-term fund, web bubble, and now maybe a loan cold is turned on. if those criticizes are right and something in financial system were actually destroyed then the next trend would be back to restrain. the financial system will backward to the good old style bank service. are those criticizes right? what is the exact problem in financial industry? and what is the solution?

幸福时光
happy times

早在1980年代，今日的灾难种子就已经埋下。和今日金融业的增长形势比起来，那时候的增长可能只是现今一个尾巴。据最近的一项相关调查显示，研究美国金融服务业增长的数据可以发现，其所占的整个公司业利润份额的比重从1980年代早期的10%上升到去年的峰值时已经达到了40%，而其所占的整个股票市场的市值也从6%上升到19%。这样的数字显然是不合适的甚至是不能成立的——特别是当你考虑到整个金融业只占美国公司也产值的15%，只提供了5% 的就业岗位的时候。

the seed of this financial disaster had been plant during 80s in last century. compare with the trend of growth today, it was just look like a little tail in that time. according to one recent investigation on the increase of American financial service, its profit share of has been growled from 10 percent in 1980 to a peak figure last year about 40 percent, and its share of stock market is also growth from 6 percent to 19. this kind of proportion is apparently not reasonable or solid, especially when you take in count that, the whole financial industry is shared only 15 percent in all kinds of company and provided only 5 percent of employment.

一开始这样的增长建立在牢固的资产价格升值的基础之上。直到2000年之前的沸腾的牛市岁月见证的是无比辉煌的增长数字。整个世界的央行美联储驯服了通胀，利率不断下调而资产价格不断上升。站在这一切背后的发动机是公司再造、薪酬竞争和革命性的信息技术带来的利润。而典型的增长数字14%则几乎是早些时候的四倍。共有基金的数字也增长了不止四倍。

at first, the increase is based on the solid capital price. those old happy time in stockmarket had proved those glory increase until 2000. central bank for whole world the FED had almost tamed the inflation, the price of capital is up when the interest rate is falling down. it was the profit com from by company recreation, salary competition and the revolution IT technology stand behind. the typical increase rate 14 percent reached almost 4 times of before. and the common fund had raised more than 4 times.

但当2001年dotcom泡沫破裂的时候，一些事情改变了。自那以后美国的GDP增长数低于1950年代以来的任何一个循环周期的最低点。汇丰银行有经济学家指出消费增长、投资和出口的总额在这一个循环周期里也相应的变得衰弱不堪。

everything has changed when the dotcom bubble had exploded. the GDP increase rate of American had fall to the lowest point since 1950. economist from HSBC indicated that the weakness of consumption increase and total investment and exporting during that time.

但当大家都跑到悬崖边的时候，金融服务业却依旧奋进高歌。即使坚实的基础已经消失的无影无踪了。

the financial serivice industry always running even when everyone feel it was steep cliff which absolutedly destroied the solid basis.

这个行业公然无视地心引力，所凭借的就是借贷、“信贷皮炎”和不断的从产权交易中扩大收入和利润。饥饿的投资者们一意孤行决意在这条道上走到黑。 2000年之后，掌握在对冲基金手中的资产价格因为其高昂的费用和杠杆效应已经涨了五倍。另外，整个行业借助计算数字和杠杆的综合效应产生了一股革新的大潮。以信用违约互换的市值为例，已经达到了也令人生愕的45万亿美元。在1980年的坏账比例仅有十分之一，而现在已经达到了一半之巨。

this industry openly ignore the gravity and relys on loan, and profit from continuelly growing ownership trading. those straving investors almost decided walk to the end in this way. after 2000, the price of hedge funds had raised 5 times for its expensive fee and lever effect. on the other hand, the whole industry had goes to a new innovation trend which relys on the digital technique and lever effect. take a instance, the market of creadit deafult swaps had reached the increadible 45000 billion dollar. compare with the bad debt portion 10 percent in 1980, now had increased to almost 50 percent.

和过去大部分依靠自有资金经营相比，这样的过程逐渐使得投行们变成了负债机器。高登和美林都是如此。类似传动的机制使得在上升的市场里万事OK，而一旦市场进入危机，则一此小小的资产价格下跌则可能造成一次大出血。

compare with those service relys on equity, this process had gradually make invest banks become the machine of producing debt like Gonden and Merlin. this kind of frame give alway good news when the market is growing but crisis only once fall down of the capital price.

投行们的胆子很可能是被低息贷款鼓起来的，低消费价格膨胀又使得情况加剧。在更加规范的市场时期，信贷控制或者金本位将严格的控制信贷产生。而最近的情形则是央行被投行们的信心所鼓动起来。流动性的过剩和金融公司们过分追求收益的结果自然是导致目前美国次贷市场的病态繁荣景象。

low interest loans and price growth of comsuption not only mustered the courage of investor banks but also intensify the situation. and recently the central bank had been motivated by those investor banks. as a result of too much liquidity and excessive ambition from financial enterprises, the loan market of Amrican goes to sick prosperity.

负债之舞
the dance of debt

金融业没走到悬崖是很大一部分是因为金融资产自身在繁荣时期的增长惯性。自从1970年代开始，繁荣时期的债务增长就远高于资产的增长。这种正循环能够不断的重复自身。加入金融企业不断的把借来的钱用来购买更多的他们用以抵押的证券的话，这些证券的价格将会不断的水涨船高。进入下一个循环就是，它们更加敢去借更多的债务再买更多的证券。

the reason for financial industry did not reached steep cliff is the captical inertia of booming. since 1970, the debt increase rate of debt is far more higher than captial growth. this kind of circulate can be looped by itself. if money invested in financial enterprise used to purchase more debt then the price of stocks will continuelly rising, and enter another circulate which fuel them to purchase more stocks by more debt.

确实，假如它们想不这么继续干下去的话很快就会受到股东们的惩罚——就像Chuck Prince在危机诞生前几周，在评论其操控的花旗银行时候所说的那样——花旗“依旧在跳舞”。Prince先生很快就因为其缺乏远见而遭到嗤笑。事实上真正的原因是他无意间透露出了整个金融界的尴尬秘密：他已经开始一场不能有结尾的“舞剧”中。而事实上，每个人都在跳舞。

indeed, they may soon be punished by stockholders if stop doing so, just like Chuck Prince had said few weeks before the crisis take place. he commented HSBC was still on dancing. and soon be laughed at by his lack of vision. but the truth is he did revealed unintentionally the embarrassed secert of whole financial world. they already started a dance drama with no end, and in fact everyone is dancing in that drama.

可是早晚总有一天，音乐会停下来。当舞会结束，那些造就了丰裕景象的机制将会同样的毁灭这一切。所有的东西在价格下降的时候都会引来买家。但证券除外。当越来越多的资产被出卖，这使得证券价格下降，然后又使得这个循环不断的加剧。等到降无可降的时候，一切都结束了。

someday, when music stoped and drama goes end, then the frame which bring the booming situation will be destroied with no doubt. the fall down price will attract buyers. more and more capticalize will be sale exept the stocks and bonds, this fuel again the fall down trend of price, and intensify again this bad circulate. when the price is nothing left then everything goes to the end.

而糟糕的管理又加剧了这一切。每年底的交易的红利就已经兑现，而此时交易的真正的价值还尚未确立。早些时候一份监管报告指出投行的基金经理们的表现是多么的糟糕，也许吧，假如他们被正确的追求驱动的话，这些经理们会做的更好些才是。

terrible management had intensify all these situation, bonus had been cashed on every end of years when the truth value of trade had not been sured. a earlier monitor report had indicated that how terrible performance of those fund managers, however, maybe they would be better if motivated by a right direction.

lan Johnson预计说今后高管们的红利将有一部分视银行们长久的表现而定。而现今已经有很多高管们的薪酬是以一部分他们无法立即出售的股票来兑现的了。而贝尔斯登的雇员们持有接近三分之一的公司股份，他们已经是会长远考虑问题的了。

Ian Johnson predicted that bonus for those senior managers will partly stands on long-term performance of bank in later years. and now the salary of most senior managers are cashed partly by those stocks which can not be saled immediately. and employers in Beriston had one third of stocks, they had already considered in further vision.

well, yesterday missed the update on wordpress by playing extremely interesting poker game with new friends from foreign country. since I acquaintance Mr.Steven, he introduce me two new friends from Germany, well, they are definitely stronger than normal Chinese, I have to say that. yeah, Jack Master and Janis are totally beyond my imagination. anyway, they are absolutely fun and nice people. we played a whole night poker game and drink beer. that is great. makes me remember the old time in my university. people are pretty kind to each other. and I actually realized that today in the human jungle the big city, people are the same, just depend on whether you want to start the conversation.

Jack is a natural and unrestrained style, in fact I can not find a good phrase in English to describe that feeling. let say he is a young guy from Germany who is really enjoy who he is and played very nice to people and have lots of special attitude that will fascinate female. haha. I love to play poker with him and indeed he is the one who teach me how to play it. Janis is has typical Germany style long beard and have the same hair cut as I have. well he is quite friendly and kind. and last day we talk smooth in the mood like we are old friends, until I was deeply drunk I have to get some sleep or I will keep talking with him. anyway, I plan to invite them have another beer or poker night in my house or the top of this building. that would be nice at all.

OK, another exicting thing is running with a companion Steven. well, as his height is not much taller than me, I normally put him in the same sizes of my kind, I means the capacity of running. but yesterday, he definitely much more faster than me and much stronger than me. OK, I have to say I am the elder one, but he is the younger one. another thing is pretty interesting that he told about his feeling of running in the square, the huge difference between running in China and Netherlands is audiences. there are lots of people share the same square in cities of China, so once you are attending the square, there will be lots of audiences around the place, this is never happen in Netherlands. in fact since I had come to Guangzhou, and found so many foreigners here some time I alway curious about their reason of be in China, and lots of them told me they are just fall in love with this kind of huge big city which contain so many people. OK, seems like I did not realized the advantage of be raising in China since I was born.

more thing is about my plan of job. I did pharchse 6 shirts over the biggest clothes market in Guangzhou, well, they are good, with great quality but much low price. that market is superhuge that I almost lost myself overthere. you know you can made the choice easier in a normal store with medium amount of products, but in this kind of giant market you hardly know what is the exact thing you want, and every step you take may bring you so much suprise, so since you keep enjoy to steo around the decision become so hard to made.

well, seems like that the job hunting working could be stop for a while, cause today I had talked to the manager of the company, and made the plan about enrollment on next monday. I got have to say, OK, this is the best one which is suit for my situation nowadays which I can found in these days. and the salary is seems reasonable for me I guess.

for company match up the job tomorrow I will go to the biggest clothes market in Guangzhou to find myself a suitable suit. I did booked some suit from the interenet, but some of them seems not as good as I expect. measure a suitable cloth you already have to get the size and order new one from the internet is sometimes not suit anyway. the size is not always the same in different style of clothes and that is why this solution is not good for cloth, not like other things like digital devices.

and today, Mr.big had finally give me a chance to share lunch. well, for show my respective I did not say a word during the whole dinner time, and I still think that this kind of communication is somehow a little bit rediculars. I prefer the direct sort of conversation but that is not good suit to Chinese environment. well, I think I am gonna change myself in some extend to get used to that.

well, another little anger energy had been shooted from Mam to me. reason for that is I did not acted as well as the ant expected during the moring, OK, I have to say frankly that, I really did not mean it. just a little swarn of all those little things, like the song said, ‘I can deal with the fate, but not the little things.’ anyway, I will try to solve that how to deal with old female like my ant. and made out a solution or strategy on this kind of people.

Steven came down this night for a while, and we talked a little, it was fun, and made the further plan on the buffet and running sessions. wish that could be nice.

Spanish language toturials had been downloaded today, yeas lots of them, since I am now still not mastered the Cartonese I need spend more time on learning but not entertainment. yeah, the road to get an certificate is hard and long, I need to resort my time schedule and act habit in daily life. and raise the essential question of whether, indeed, I should take the course for a master degree in University which will be hold in every weekend. tomorrow I will keep on trying to find the best solution on this.

well, I never tried another language than English, after downloaded those audio files of vocal spanish from internet, I clearly started to learn the spanish. those sound is quite interesting, and when I managed to prounce some easy spanish word I found it was really good feeling. well, of course no one around me can understand what the word mean, but the feeling when you are able to say a hello in spanish which had never been heard by the other man that will deeply increase your magnificent. maybe what I think is wrong, but I really enjoy that feeling, and the way of expression in spanish is also directly beautiful sound. I find I was totally fall in love with it. and the plan of Spanish learning are finally scheduled in my calendars followed the English and Cartonese. so that is about the Spanish which I always want to have a try.

other thing today is related with the job, seems today there is not holding a recuitment meeting over sports center which is located in the center of most developed district in Guangzhou. so I did made some search working on the internet. well, some jobs are recuiting today, but most of them are not my style and not related with what I want. got to say no news. and that intellectual property company may forgot to give me the phone call even I called the top manager to remind him. maybe they are too busy on their own business. according to the information I got from the boss of headquarter they are now in the forming stage. so I think the reason for forgot to contact me is acceptable, I just plan to call back tomorrow then. the other competative job hunter seems like a little nervious, every time when the process of recuitment goes into a key step he will give me phone call of message to ensure whether he had been kick out. that is a funny guy, guess he is just take this opportunity too serious, and not very well in his own mentality. anyway, about the job hunting things I think it will work out on its own, not necessary to worry about too much. what I need to plan is just keep looking for more new opportunity, and tomorrow there will be a recuitment meeting, and I actually will attend.

another exicting thing is about I did say some hello to stangers, and I found it was extremely fuel me enthusiasm on start small talk. the experience from numbers of tries I did recent days is that, those who do not give any response to your kind hello, is somehow small and coward creature in this human jungle. yes. if keep this clue in mind then there is nothing can stop my step. and now I am already facing strange people in elevator and on the street naturely, but to give a hello to every one try to catch up every opportunity seems not yet worked out, I think on this step I need more practice. and one more thing to say, as my courage grow day by day, I did made the start with that elegant lady living my building, well, a little regretful that I did not got her name, I still feel good, next time, maybe tomorrow, as the coincequence I will made, I may have her number. OK, that is today’s emotion report.

big event today is the interview of that so called giant company which names HUYI, I got the second chance of interview just in the morning, it took place at 3pm, well it takes me almost 2 hours on having conversation with the interviewee, 2 women.

well, the first one is a young lady, I got to day, elegant and nice, she asked for pure English conversation, all right, since it was a interview, I talk English, but in fact I prefer to talk with Chinese in Chinese for the proud of nation. anyway, the conversation was goes well, and maybe our age is closed to each other, and have some common interesting. in fact I love to talk with people like her but not so much English. She leaves me a great impression and I guess me too. wish later daily working we would have opportunities to meet.

the second one is the boss, I never thought it was SHE, a female, OK, and from the conversation, Chinese version, I realized that she was such a steady woman, and played a very good role as a boss. well the interview is alway the questions and answers, I was just a little shocked by those people’s attitude, seems like they have to be serious to all the event, the commercial suit, the professional talk, and the simple color style. OK, I think I could define this company as a normal medium company, not a very exiting one like Google, anyway, what else should I expect.

and the partnership with Ever had finally set down. I will finish the business card design working tonight. she was 5 or 6 years elder than me which I think is good for the cooperate. wish us good luck. about the plan next mouth to Hongkong, I will show my best effort.

one more thing today is I did talked to Mr.Wu, one of my best friends in Chengdu. he seems got into a viscous situation, and he try to find a way out. as the conversation we had this afternoon, I guess it will be good for both of us. wish one day we could all got what we expect.

网络版专稿 记者 袁朝晖 位于时代广场中心的雷曼兄弟公司总部门口，一个个垂头丧气、西装革履的投行精英正步出这座曾经的美国第四大投资银行。他们手中拿着纸箱、文件袋、艺术品、雨伞等办公物品，几乎都无一例外地印着“Lehman Brothers”的标识。

EEO, web version, Yuan Chaohui, those depressed elites wearing dignity suit walked out door of the building once the forth biggest investment bank. all stuff in their hands, paper box, file bag, umbrella, etc, are all stamped the logo “Lehman Brother”.

警车在街边闪烁，与雷曼兄弟总部相临的第七大道上簇拥着记者和围观的人群，似乎都在嘲讽地看着这些失意的人们。这些人们在门口相互道别、拥抱，眼中似有泪花，对媒体记者的提问置若罔闻。其中一位突然变得气愤起来，冲着围观的人们大喊道，“这有什么好看的？你们觉得这很有趣吗？”

some police cars are turned up, lots of mass people and reporters were stay on the 7th street which is next to the Lehman Brother headquarter. seems like they are interesting on those depressed elites and laugh at them. those elites give no response to questions from mass media, they just say goodbye and embrace each other at the door. one anger elites rushed to the crowd and shout “there is nothing interesting for watch, and non of your business.”

这是美国周日夜晚时美联社记者目击的场景，而明天太阳升起时，华尔街上已经没有“雷曼兄弟”这个名字了。

this view is from AP reporters, as the sun of tomorrow rise, there will have no more name like ‘Lehman Brothers.’

根据雷曼兄弟提供给本网的信息显示，该公司计划根据《美国破产法》(U.S. Bankruptcy Code)第11章规定，向纽约南区美国破产法庭申请破产保护。雷曼兄弟表示，该申请不涉及控股公司旗下的各个经纪自营商子公司和其他任何子公司，所有的经纪自营商子公司将继续运营。雷曼兄弟表示，包括其全资控股子公司Neuberger Berman Holdings LLC的客户在内的公司所有客户，将可继续利用各自账户进行交易，或进行其他操作。Neuberger Berman LLC和Lehman Brothers Asset Management将继续正常运营，不会受到母公司申请破产保护的影响，其投资组合管理、研究和操作仍然继续。雷曼兄弟还表示，Neuberger Berman客户已缴足的证券将独立于雷曼兄弟的资产之外，不会受到雷曼兄弟控股公司债权人的索赔。

according to the information provide by Lehman Brothers. this giant enterprise planed to based on the 11th regulation in U.S.Bankruptcy Code apply the court of south New York for bankruptcy protection. and the Lehman brothers had claim that this application have nothing to do any other subsidiaries, they also claimed those subsidiaries will keep running. include Neuberger Berman LLC and Lehman Brother Asset Management. they will be able to continues using their account to operate business and clients. another thing they did claim is that those stock tickets of Neubergar Berman will isolated out of the Lehman assets, people who hold those ticket will not be claim for compensation.

雷曼兄弟表示，公司董事会授权申请破产是为了保护公司资产，实现公司价值的最大化。除了递交破产申请，LBHI还计划递交各种破产法第11章所允许的宽限申请，以便公司能继续按正常途径运转业务。这些宽限申请包括向公司员工支付工资、薪水和继续提供其他福利。

they also declare that the board meet applying bankrupt is for protecting the asset of enterprise to make maximize value of company. beside the apply for bankrupt LBHI also planed to deliver lots kind of apply which is allowed in that 11th code for protecting the ordinary operation of the company. those applys include pay the salary, wages, and other benefits.

显然这个消息让市场始料不及，因为在周末，华尔街投资银行们还幻想美国政府的拯救，而一直以来，雷曼兄弟也一直在寻找对其有兴趣的卖价，而今，一切均宣告结束。其董事长理查德 ?富德力挽雷曼兄弟于狂澜的英雄壮举也正式宣告失败。

obviously this is a suprise news. just in the weekend, investbanks in Wallstreet are still dreaming about the total saving policy adopted by the U.S. government, and Lehman Brother looking for a interesting buyer for a while. but today, it is the end of all. the borad chair man of Lehman Brother finally failed to save the enterprise.

就在贝尔斯登刚刚以极低的价格被摩根大通收购之后，卖空方就转头盯上了雷曼。由于其相对小的公司规模及大量涉足信贷抵押证券业务，人们普遍认为，雷曼兄弟将成为下一个最脆弱的主力券商。仅仅一天之中，它的股价就跌到了一半。而今，雷曼兄弟也正是步贝尔斯登的后尘，在华尔街的名单上消失了。

just after the Bear Stearns purchased by Morgan in a extremely low price, sellers target Lehman Brother. according it fairly small company scale and its large amount of credit mortgage securites, normally people believe the Leham brother will become the next fragile one. and only in one day, its stock price falled down to half, and just followed the Bear Stearns, vanished from the Wallstreet.

富德没有能够重演奇迹。他曾经成功地运用了在其公司领袖生涯中所经历的三次全球金融危机带来的经验，它们分别是发生在1994年的信贷危机、 1998年的货币危机和2001年的互联网泡沫。雷曼兄弟曾在1998年濒临绝境，就在富德先生对市场谣言置若罔闻并希望它们会不攻自破之后，当时雷曼的流动资金几近枯竭。“我们没有积极面对舆论。我错了”，他当时承认。但是这也正使得雷曼兄弟学会及时应对市场猜疑，在这次危机中迅速讲出真相。但美国政府救了贝尔斯登，救了两房，却不愿，或许也是不能再救雷曼兄弟。

the borad chair man did bring the mircle this time, he had saved the enterprise 3 times in 1994 credit crisis, 1998 currency crisis, and the 2001 internet bubble, through his great leadership exprience. during the hard time in 1998, he give no response to the mass media just hope it will disappear, in that time the flow asset in Lehman is almost running out. he admit “we did not face the mass media in a positive attitude, that is wrong.” and that is definitely the reason for Lehman Brother rapid come out and tell the truth when suspecised by the market. but the fact is after the American government had saved the Bears Stearn and two giant house enterprise, it seems like unwilling or uncapable to save Lehman Brothers.

为弥补地产相关证券的巨额损失，雷曼兄弟一直苦苦寻找买家；然而，当联邦政府官员表示政府不会提供融资支持雷曼兄弟收购交易，过去这个周末该行和潜在买家的谈判也最终搁浅。

Lehman Brother spend lots of energy on looking for a buyer for cover the lost, and officer of federal government will not provide finance support in this immerge, and the plan had finally hang up last week.

富德刚刚度过了他62岁的生日，没有任何退休的打算。他痛恨懦夫，他坚信凭借强大的企业凝聚力和深厚的客户关系，雷曼可以不惧任何大风大浪。曾经有个说法，称理查德 ? 富德所带领的雷曼兄弟就像一条有着19条命的猫。而今，这个传奇只能成为一个传奇的回忆了，雷曼兄弟已经成为了历史。

the borad chair man just had his 62nd birthday, and did not plan to retire. he hate coward, and believe Lehman will never collapse by depend on its strong enterprise culture and deep relationship with clients. there once a rumor, Lehman Brothers is as if a cat with 19 lifes when leading by the borad chair man. and today, all those are just a legend memory. and Lehman now is history.

well, this is the last day in the vacation, as a Monday, I did made an plenty plan for seeking job, but when I wake up, realized it is still in holiday, I gave up most of those plan. and spend time on making the scheme of next move.

first I have to talk about Mr.Peter, the young guy living in this building, he was from Nertherland about 21 years old, such a nice guy. begin to love the way he is now living in China. anyway, since I meet him in the elevator, and copyed number of each other, I did try to inviting him to enjoy some traditional Chinese tea in my place, and yesterday later the night we shared a long talk, the conversation is past about 3 or more hours, and we really enjoy the conversation.

second is about todays happy shopping things, I did booked some formal cloth in the internet, and today those stuff finally come, well, the shoes is not suit to my style although it was actually look like the same as the picture on the website. and the shirt from Shanghai, is also not perfectly suit my shape, and the quality is not the same as my expectation. so, I think about shoes or cloth, no matter how cheap it is on the internet, purchase in the real store is better choice.

third point today is about communicate people. when I give the phone call to that Indian guy, Jack, he refused my invite, and seems he have no interesting about the free tea I provide. that was really depress me, but after a while when I had a funny conversation with the neibghood beautiful girl I realised that, the failed call to that Indian guy must be some problem of myself, I did not made him interesting. I will improve that later.

and today I did made some practicace on the GZstuff, a webstie community which is just for people living in Guangzhou, and it is a English website, so most of the participants are foreigners. and they hold the party most of the week, so, I think finally I found someplace to get involve and building the network. by the way I have to mention that, this website is recommended by Steven that young guy from Nertherland. See, if you do not willingly to have conversation with people, you will never have the surprise.

OK, that is the report for today, tomorrow is the brand new day for my job seeking session, I think I will made it during next week.