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Source: Greeley Tribune, Colo.self storageJan. 19--The nail guns pop randomly, the saws slice through wood and the whir of other power tools create their own form of music during the second shift at PTI Group in Johnstown.This manufacturing plant, a sprawling 113,000-square-foot, indoor facility, now is home to hundreds of employees building modular, and portable, housing for the bustling oil and gas and mining industries.From one end to the other, their dorms start as a pile of boards and transform into livable units, complete with beds, television, heating and air conditioning, even alarm clocks, for workforce accommodations across the globe.But not one of those boxes -- all built to move around from field to field -- will set down on Weld County soil anytime soon.PTI Group, an affiliate of Oil States International, a global, publicly traded manufacturer, now is building modular living facilities for thousands of workers in Canada, where the need for such housing is at a premium.The company, based in Alberta, Canada, came to Johnstown in May 2012 after scouting 78 different cities."What we liked about (the) Denver (area) was the high access to skilled and technical labor, the supplier base is here for what we're doing and it's centralized to service Texas and Canada," said Robert Maze, senior vice president of PTI. "We see this plant bringing in more volume and more work."The plant offered hope to a lagging construction community, kicked out of their trades in the recession. It also offered another welcome employment base for the town of Johnstown. Workers come in from Denver to up north from Fort Collins and Greeley."They've certainly been an asset," said John Franklin, Johnstown's town planner.PTI took over the plant that previously had built manufactured housing but closed during the recession. PTI's original plan was to have 250 employees in five years.A year and a half later, well above their stated intentions, roughly 353 workers take a feverish pace in two shifts across the concrete floors, amid lumber, sheet rock, wires and tools, dodging housing portions and other workers doing their part to build the modular "boxes" for Canadian oil field and gas projects.Meanwhile, company officials make plans for expansion after buying an additional 120 acres of adjacent land to the north of the plant.The busy workers are now on pace to finish 550 boxes, which can house four people each, by the end of the month, only to be greeted with another project that will eventually house 2,000 people. That project is expected to keep them busy until September, plant officials say."It goes without saying, the additional employees, the restoration of a failing old manufactured housing facility, and now their plans for expansion," Franklin said. "It's marvelous."The company is flush with work building modular facilities for camps throughout Canada. They continue to work with oil and gas companies to offer temporary housing in Texas and North Dakota.But Colorado projects could be a stretch, given the spotty nature of the fields, the availability of rentals and hotel rooms already and, simply, attitude.Fears of uncontrolled man camps sprouting up hit Weld hard in the spring of 2012, when oil field workers overwhelmed the Greeley RV Park -- which is technically in the county -- creating a sewage issue.Weld County's code doesn't address the modular housing, and officials were reticent to do so.The workers had to eventually vacate the RV park, which was restricted in the number of people staying there.Maze said there is still some lingering concern about the concept of "man camps" being in the Colorado oil fields because of bad actors in other oil fields.Rumors and bad reputation run rampant."That wasn't terminology we were familiar with when we came here," said Fred Bannon, senior vice president of operations for PTI's North America Accommodations. "In our world, that's like a hotel by the side of the road, where anyone can come .. they're open to anyone. When we started doing b迷利倉siness down here, the man camp idea was derogatory. It was a slur."PTI housing is structured more like a resort, they say. Picture those housing boxes stacked three high into a resort setting with common areas such as a kitchen and laundry facilities, and recreation areas, complete with onsite security and zero tolerance of drugs or alcohol. They set up the infrastructure, such as wastewater treatment facilities, to service their resorts.But perception often becomes reality, and "man camp" concerns remain high in heavily drilled areas."In the U.S. market, we see all the work going on. All you have to do is drive around this area, or the Eagle Ford (in Texas) or the Bakken (in North Dakota)," Maze said. "The issue for us has been convincing people that our services can provide value. We just haven't been able to do that as well" here.PTI officials at one point worked with Weld county government to tackle the "man camp" issue, but the idea fell off the radar.Meanwhile, Weld County's apartment vacancy rate remains well below 2 percent, essentially an historic low level. Hotels are flooded with oil and gas workers and the local market is anxiously awaiting several new apartment complexes set to pop up throughout the region.That leaves little room for the modular facilities that PTI makes and, frankly, they don't want to compete with the multi-family sector.They're business model supports a much more robust atmosphere, where they can invest large amounts of money in larger projects."We're seeing now a better return on the larger projects in Canada," Maze said. "Johnstown is building a Canadian fleet now for pipeline work, and transitioning probably to one of the biggest mines at the SunCor Fort Hills Project."The Fort Hills project is a $13.5 billion mine, and could need housing for roughly 5,000 workers.PTI also is working to provide housing for the Kitimat Liquefied Natural Gas plant in British Columbia, for which they're building a facility to house 2,000 workers, Maze said."We'll keep the plant busy with that," Maze said.PTI does have a business, Mountain West, which provides portable well site accommodations that follow the rigs. Many of those are in Colorado, Maze said."The Niobrara Shale runs from northern Colorado up north to Wyoming, so it's a big area, and again, you've got drill camps moving all over the place, so it's a little different approach," Maze said.But the area also is changing quickly, and oil and gas company leaders are still a little hesitant to lay down roots.The camps PTI builds, though portable, are built to last for several years, housing a revolving load of industry workers over long periods of time."They'd love to have a permanent facility, a mid-size, like the one we offer, and they believe they're going to need them for up to eight years," Maze said. "But in the back of their minds, they've also seen the quick changes. They're hesitant to make the sort of commitment require to put that permanent facility in."Maze said the problem of feeding a U.S. business unit is forcing the company to think outside of the box. PTI has built everything from weather stations to modulars for schools, and housing facilities for the Olympics when they came to Vancouver, B.C."One of the things we're looking at is if we can take our business model and apply it to other industries," Maze said, "such as senior housing. What we do with workforce accommodations isn't that far off."There are opportunities to chase these other markets," Maze said. "But we're so busy with the oil and gas and mining, we don't have time.""We're seeing now a better return on the larger projects in Canada. Johnstown is building a Canadian fleet now for pipeline work, and transitioning probably to one of the biggest mines at the SunCor Fort Hills Project.-- Robert Maze, senior vice president of PTICopyright: ___ (c)2014 the Greeley Tribune (Greeley, Colo.) Visit the Greeley Tribune (Greeley, Colo.) at .greeleytribune.com Distributed by MCT Information Services迷你倉

迷你倉洋警官「放蛇」破「12P性愛派對」，老蘭淫業新天后落網。近年變得烏煙瘴氣有如「人間妖域」的中環蘭桂坊，色情活動猖獗，東方報業集團去年率先披露天后的賣淫集團，警方經連月調查後昨凌晨採取行動，三名扮遊客的洋警官夜蒲時被女淫媒兜搭誘開性派對，警方隨即掩至金鐘一間五星級酒店，將女淫媒及九名賣淫女子拘捕。女淫媒傳奇身世被揭，她擁有大學學位、精通多國語言，與港大一名教授婚姻失敗後變「雙性」老蘭蒲精，後來索性招攬各國「星級」索女，建立高鐘賣淫王國。警方將王女拘捕帶署調查。（王偉安攝）被捕淫業新天后姓王，藝名「晶晶」，她人前聲稱自己廿七歲，但實際已四十一歲，因樣貌甜美，保養得宜，一般人難以察覺。蘭桂坊蒲精 興趣變成事業消息稱，王女在內地出生，後隨家人移民往新加坡，大學畢業後來港發展，邂逅港大一名教授，兩人十多年前結婚，惟其後她跟丈夫感情破裂，有人自此愛上往蘭桂坊夜蒲及濫交，去年更索性將「興趣」變成「事業」。東方報業集團「探射燈」去年八月披露王女的賣淫王國月袋一百二十萬元，報道迅即引起警方高度關注，中區警區人員約三個月前展開部署，搜集情報、調查及監視目標人物，發現王女在老蘭兜搭迷你倉將軍澳籍及內地豪客，聲稱可安排不同國籍的佳麗提供性服務，每次收費由五千元起，並向妓女及客人提供毒品。洋警放蛇 獲安排三王九后前日下午五時許，中區警區特別職務隊人員展開代號「目捷」掃黃行動，分別派出一名警司、一名總督察及一名高級督察喬裝遊客到蘭桂坊夜蒲，期間王女疑上前搭訕，提議搞「多P性派對」，警官其後抵達金鐘一間五星級酒店開房，王女帶領九名分屬本地、內地及越南女子（廿二歲至四十二歲）抵達後，警方�應外合將十人拘捕，期間一名姓樊本地女子（卅四歲）突發難，批（月爭）撞傷一名警員胸口。洗錢1700萬 檢冰毒可卡因行動中，警方檢獲七萬八千元現金及一批懷疑冰毒及可卡因，市值約八千二百元。至五時許，警方再押同王女返回中環荷李活道住所搜查，發現王女銀行戶口，過去一年有涉及共約一千七百萬元的交易紀錄，懷疑王女涉嫌洗黑錢，並帶走一些如電腦等證物，案件交由中區警區重案組跟進。中區警區行動主任張志偉稱，王女涉嫌洗黑錢、為不道德目的而唆使他人、控制他人賣淫、依靠他人賣淫的收入維生及販毒被捕。至於其餘九名女子，全部涉協助控制他人賣淫被捕，其中樊女另涉襲警，六名非本地被捕女子另涉嫌違反逗留條件。倉

Source: The Montana Standard, ButteJan.自存倉 19--The Jetsons' futuristic lifestyle has landed at Highlands College.Highlands now boasts seven three-dimensional printers -- cutting-edge machines that can replicate creations right before your eyes, even fun things like a Wiffle Ball-in-a-cube and a Chicago Cubs cup.Astonishingly, it takes a MakerBot Replicator only 15 minutes to knock out a textured, wearable bracelet.Duly impressed are students who take instructor Allen Hanson's Inventor software class. With the 3D printers, they learn transferable design skills that they can use in several industries: engineering, welding, manufacturing, architecture and construction."They're pretty amazing," said Robert Neff of Butte, a first-year student in civil engineering technology at Highlands. "It's what the future's coming to. Instead of going down to get a part for your car, you can just print it up."Neff, who took Hanson's computer-assisted design class, AutoCAD, envisions replicating rare parts for classic cars, or simple screws and bolts for machine parts."They're not the original, but it's not so close you can't really tell," Neff added.Touring high school students go wild for the printers, too."For the kids today who have grown up with computers, there's still of a 'wow' factor for them when they see this," said John Garic, dean at Highlands.BUILT IN LAYERSThe lightweight machine, the size of a large microwave oven, uses a USB port or SD memory card that gives directions solidified on a computer.For example, to make a bracelet, a hot glue gun spits out AVS plastic in spools at 230 degrees Celsius that follows a pattern, and then layers the hollow piece. Each layer is about the same thickness of a hair."When you put this program into the software for the printer, that software actually slices your drawing into slices," said Hanson. "That's how it builds it: one layer at a time, from the basement to the penthouse."Draw the pattern, import it through a basic 3D printer software file, turn on the MakerBot Replicator, let the plastic spool run and return in mere minutes to find a solid object."It almost looks like Weed Whacker line," said Hanson of the unspooling plastic as it feeds the pattern."You can make dozens of prototypes before you can make the expensive piece of metal in the machine," said Garic.In jewelry-making, for instance, a designer can play with prototypes before selecting a final design made of gold and diamonds.The possibilities are endless.LESS EXPENSIVETo Highlands' benefit, the cost of 3D printers has decreased significantly, so they're much more affordable now. A $454,965 grant from the U.S. Department of Labor last fall allowed Garic to buy the 3D printers for a total of $25,000."3D printers are the future in many different areas, but they've always been really c迷你倉出租st-prohibitive," said Garic. "But as the technology improves, the costs have come down."The school first bought a larger, more complicated Z150 3D printer that cost $20,000. Next came the CubeX Duo, a clunky 3D printer that rarely works at $3,500.In comparison, the MakerBot Replicator 2 cost $2,700 and the Replicator 2X cost about $3,000.3D printers can help with technological breakthroughs across industries: aerospace, automotive, medical and construction.Closer to home, Garic uses the 3D printers to forge business partnerships.Highlands provides SeaCast, the local producer of various castings, with freshly minted welders who have learned 3D printer programs."All of it pushes the imagination," said Hanson. "It stimulates students' ideas rather than them regurgitating what I tell them to do. By pushing the envelope, they learn a lot more. That's what we're here for: to get them up to snuff, out the door and ready for industry."Highlands gives students the option of earning a two-year degree in drafting or a degree in metals fabrication, or both -- a potent combination in finding a job quickly.Without Hanson, the printer project may have not gotten off the ground, said Garic.Hanson brought 19 years' teaching experience at Mount San Antonio College in California to Butte four years ago. A machine shop owner, programmer, designer and industry consultant, he has worked with NASA on an International Space Station project.REAL-WORLD NEEDSMirroring real-world needs, 3D printer technology lets students from architecture, civil engineering and construction disciplines at Highlands learn the newest skills.Hanson gives his students plenty of trial-and-error room to experiment. Students must master the Inventor software before creating a replica."The students draw it, then they make one to take home, so it's kind of like a teaser before they move on," said Hanson.Highlands uses the 3D printers as an alluring recruiting tool, too.A MakerBot Replicator was unveiled last fall for high school students, helping make Highlands a more attractive college choice.About 25 percent of the 628 students enrolled at Highlands last fall semester majored in the trades, said Garic. The 3D printers could boost those numbers, he said."It's exciting to think that we could eventually have this classroom set up with a printer next to each computer," Hanson said.Montana Tech's main campus may be better known for its technical science specialties, but Highlands is a progressive technology leader in its own right."For the moment, the 3D printers are a motivator," said Garic.Contact Birkenbuel at Renata.Birkenbuel@mtstandard.com or 406-496-5512.Copyright: ___ (c)2014 The Montana Standard (Butte, Mont.) Visit The Montana Standard (Butte, Mont.) at .mtstandard.com Distributed by MCT Information Services迷你倉

迷你倉 在都江堰市召開的第十三屆三次全體（擴大）會議上，明確2014年的工作重心將要著力實施旅遊提升發展計劃、“品質城市”發展計劃、“產業轉型”發展計劃、“開放合作”發展計劃，奮力建設國際旅遊城市。奮鬥目標為地區生產總值增長10%以上，地方公共財政一般預算收入增長10.5%以上，社會消費品零售額增長10.5%以上，城鎮居民人均可支配收入增長11%以上，農民人均收入增長12%以上，城鎮登記失業率控制在3%以內。成都晚報記者 李楊self storage

迷你倉桃園縣政府昨天提前展開春安工作校閱，展現警力，桃園縣長吳志揚現場宣布春節五大安心服務，包括食品、環境、道路、旅遊、公共安全，過年期間眾多便民措施不可以打烊，讓民眾食衣住行育樂更方便。年度春安工作明晚10時正式起跑，將持續至2月14日深夜，為期25天，桃園縣警局昨天在縣民廣場展示警力，共動用911人，展示大型重機12輛、巡邏車等車輛32輛，場面壯觀。以往慣例春安當晚正儲存倉起跑時校閱，吳志揚說，今年提前準備，訴求春安開始時，各崗位就已經在執行春安工作，今年春安以「治安平穩、交通順暢、服務熱心」為主軸，讓民眾過好年。桃園縣人口一直增長，但警消人力吃緊，吳志揚說，至今中央仍無法馬上補足員額，「大家是在非常緊繃的狀況，我們能了解、體會」，在議會支持下，今年元旦起桃園縣警察局、消防局外勤超勤加班費提升至每人每月1萬7000元，達到法定最高標準。迷你倉最平

China faces some critical choices as it travels further down the road to reform, progress Is this the year in which China can convince skeptics that it can make the transition to a modern, high-productivity economy? Or will powerful vested interests block change, prolonging structural weaknesses in the economy as aging places a growing burden on the country, and the environment degrades further? China is at a crossroads.文件倉 One road sign points to prosperity and the fulfillment of China’s enormous potential. Another road sign points the opposite way, to stagnation and steadily lower growth, accompanied by increasing social unrest and, eventually, some kind of social collapse. A third points in a direction between the other two: with enough reform, change and progress to avoid collapse, but not enough to fully overcome the considerable obstacles that China faces. Two policy decisions, opening-up under Deng Xiaoping in the 1980s and China’s decision in November 1999 to join the World Trade Organization, have brought the country to a point where it has become a global economic and geopolitical force that stands alongside the United States as a superpower. Hundreds of millions of Chinese have emerged from stark poverty. The middle class hardly existed 25 years ago, but anyone in China today during a public holiday can see how many families have the time and the money to enjoy themselves. But the effects of these far-sighted and brave policies have all but disappeared, leaving China as a very large developing country, with an annual per capita GDP of only $6,500, compared with $53,000 in the US and $43,000 in Germany. Meanwhile, huge economic and social challenges loom, such as providing vital services to its huge population — education, healthcare, affordable housing and old age care including pensions, not to mention the overdue clean-up of the polluted environment. Only a highly productive, efficient Chinese economy can underpin the demands that rising popular expectations bring. But much of China’s economy is still far from efficient. Change is necessary. The successful economic reforms in the 1980s and 1990s were based on the system that had evolved since 1949. They did not fundamentally change it. Former premier Zhu Rongji’s harsh restructuring of the State-owned sector was aimed at making State-owned enterprises run better, not at dismantling them. The success of his policies mean that the economy is now dominated by a handful of SOEs that occupy dominant or monopolistic positions in major industries such as energy, natural resources, communications, logistics and travel. And they have strong, protected positions in industries such as real estate and banking. China’s high economic growth has been driven by high productivity growth, not from the State-owned sector but from export-oriented industries, most of which are based in the seven coastal provinces stretching from Guangdong in the south to Liaoning in the north, plus Shanghai. Many foreign enterprises and Sino-foreign joint ventures in China have also made big contributions to growth and economic efficiency. Today the challenge facing China is to spread economic efficiency and high productivity from the private sector across the economic system and particularly to the SOEs. The best, indeed the only, way to do this is to break down market entry barriers and encourage private and foreign companies into key industries such as banking, telecommunications and energy, which have been protected from the harsh winds of competition. The Chinese economy badly needs more competition in many key sectors from well-resourced, leading companies to provide better product offerings at lower prices to end-users. Customer choice stimulates spending and growth. Competition in fact makes operating companies stronger and better. There should be no need to protect companies in the State sector. In fact, one of the most important parts of China’s economy — banking — has already been disrupted by new private sector forces driven by new economic needs. Since 2008, the so-called shadow banking system has developed in China to meet huge unmet demand from private entrepreneurs for risk capital on the one hand, and on the other from savers and investors for much higher rates of return than returns offered by the formal banking sector. The government has responded by recognizing the value that many of these new financial institutions provide. It is bringing the better managed and capitalized ones within the bank regulatory system. It is a good example of 存倉ow private enterprise, acting in its own interest, can be harnessed to provide the economy as a whole with the services that people need, enabling it to perform more efficiently. The result is more growth, more customer satisfaction and a stronger and more efficient economy. China’s development since 1980 has built, mostly very successfully, on the existing system. What is new in 2014 is that progress involves a fundamental shift from an economy dominated by government-owned and government-directed enterprises to one in which the contributions of the private and foreign sectors are explicitly recognized as being as important as the State-owned sector. The next step for China depends on a shift in traditional ideas about economic ownership. It requires an even bigger change than before. The recognition of private property rights is a fundamental part of this shift. But how does a society led by the Communist Party come to terms with the idea of individual and corporate ownership, not as sub-ownership or leasehold as now, but in the meaning of outright or absolute ownership? Can the government withdraw as an owner and operator within large parts of the Chinese economy, to focus on policy-setting, organization, control and regulation? That is a big task for bureaucrats who like the power that goes with controlling key economic sectors. Nor are China’s challenges just domestic ones. China is such a populous and geographically strategic country that its destiny is inevitably bound up with that of its neighbors and the rest of the world. The key among all the changes taking place in the new and multi-polar world is the relationship between the two superpowers, China and the US. What happens in the other big economy, the US, will always have much meaning for China. Today, five years after the 2008 crash, America’s economic fortunes have begun to revive. Last year the US grew by about 2.7 percent. This year the figure should exceed 3 percent. US budget sequestration, which occurred last year as a result of the standoff between the two main parties in Congress, cut US government spending across the board. The US government budget deficit has started to shrink. New technologies involving horizontal drilling and shale oil production have changed the US’ economic outlook. In a few years it will become not only the world’s largest producer of oil, and be self-sufficient, but also an oil exporter, once Congress revokes outdated laws that forbid oil exports. The country’s energy exports will sustain a balanced US current account with the rest of the world, underpinning the US currency and reducing direct US economic dependence on major oil exporters, particularly in the Middle East. US politics will remain tortuous. But the next presidential election in 2016 could bring a president who can unite the country. Stronger economic growth, shrinking deficits and a stronger and more united government will produce a new period of US resurgence. A stronger US dollar need not threaten the globalizing Chinese renminbi, because smaller US deficits will reduce the quantity of dollars flowing from the US into the rest of the world. In turn this will create a need for another widely accepted currency, such as the renminbi, to fill the gap in saving and trade settlement created by a shrinking quantity of dollars. The development of the renminbi as a global currency can continue in the presence of a strong dollar. But will the development of US energy independence confirm the tendency of many Americans to look inward, making the US less prepared to cooperate with China? Nearer to home, how will the US position itself in the deteriorating relationship between China and Japan? With neither Japan nor China prepared to give any ground, US mediation seems to be an important part of any long-term agreement between the Japanese and the Chinese. Will the Europeans prove any more receptive this year to the idea of a Sino-European trade agreement that could greatly benefit both sides? Or will China’s progress in Europe continue to depend on the relatively slow development of unilateral agreements, for instance with Switzerland and the UK? During 2014 we will start to get a good sense about which of the three road signs China will follow. But China, drawing on its long history and on the last 30 years of stunning achievement, can surprise onlookers on the upside, as it has before. The author is a visiting professor at Guanghua School of Management, Peking University. The views do not necessarily reflect those of China Daily. 儲存

☉本報記者 陳俊嶺對於當下的國內公募基金行業而言，盡管其管理資產規模仍躑躅在3萬億上下的“平台期”，但不同類型的基金規模占比卻呈現出明顯的結構性分化。在近年股票市場未能帶來新的賺錢效應下，權益類基金的投資者規模仍止步不前。相形之下，在如火如荼的互聯網金融浪潮的助推下，固定收益類的貨幣基金去年迎來爆發性增長，並漸入尋常百姓視野。上述基金行業的新變化，是否意味著基金業發展進入新高潮？互聯網金融大潮下，對基金公司傳統銷售渠道帶來哪些革命性變革？三中全會、IPO重�帶給A股市場怎樣的機會與挑戰？“現在中國如同全球最大的一片森林，是非常有生機有勃勃生命力的一片森林，雖然從近處看，森林里也有枯樹，也有樹被蟲完全蛀滿了，如果僅看一個局部，就會被一些具體問題擋住視線，只見樹木而不見森林。”面對種種新變化，建信基金總經理孫志晨在接受本報記者專訪時稱，他對國內市場表示樂觀。基金業發展迎來新高潮《基金周刊》：根據中國零售基金投資者研究報告（詳見本報13、14版），基金仍是目前最受投資者歡迎的理財產品。您覺得這一結論是否代表基金又重新獲得了廣大投資者的認同，是否意味著未來基金行業的發展會進入新的高潮？孫志晨：從當前基金業的發展來看，的確有這樣的趨勢。盡管這幾年公募基金的發展步入平台期，但不同類型的基金規模占比出現了結構性的變化，例如固定收益類品種在過去一年多來得到了較快的發展，基金投資群體也得到擴大，這是一種非常好的現象。在風險收益偏高的權益類產品不能整體給投資者帶來比較好的正收益，產生賺錢效應時，固定收益類的理財產品受到了投資者的青睞，最典型就是餘額寶，它喚醒了投資者的投資熱情和理財覺醒。投資者理財意識提升的重要標誌是：他們對現金管理提出了更高的收益性和功能性的需求，這也是居民金融資產“去存款化”和“存款理財化”漸成趨勢的重要原因。基金作為最大�化的理財工具，未來這一趨勢還將繼續。因為，從財富管理行業的發展進程看，目前國內已經進入到了大資管時代，證券、券商、基金、保險、信托都可以提供公募基金的服務，而且公募基金的投資門檻低、流動性好等優勢也是廣大投資者樂於接受這一理財工具的原因。《基金周刊》：根據相關報告，國內投資者更習慣于購買新基金而非老基金，且超過半數的基金投資者持有時間少于一年。這些問題也是目前基金行業面臨的一大困惑，您對此怎麼看？孫志晨：過去幾年，國內市場波動性較大，因此基金的歷史業績只能作為投資者選擇基金的標準之一。未來隨著資本市場的完善和投資工具的豐富，尤其是基金子公司的發展，基金公司能夠為投資者提供的業績回報也不再局限于單一市場，基金歷史業績和投資風格在投資者對基金的選擇上也將更具指導意義。實際上，基金的“新”與“老”不應是投資者判斷基金優劣的標準。運作時間較長的老基金，其有可追溯的投資業績可以為投資者提供較好的參考，尤其在市場處於轉折期時，老基金較之新基金具有布局調倉快等優勢。但是也不能一概而論的就此認定新基金遜于老基金。縱觀國內外基金行業的發展歷史，新基金的不斷湧現是必然的。因為在市場的調整變化與發展的過程中，必然會出現新的市場環境、投資標的、投資工具；與此同時，投資的手段、方法也層出不窮，這也使得新成立的基金有著更強的適應性。相關調查結果也說明，投資者教育工作任重而道遠。基金管理公司應該發揮其專業、客觀的本質，向投資者不斷傳遞科學、有效的投資理念，幫助其走向成熟的投資之路。《基金周刊》：報告顯示，短期業績對投資者選擇基金起到了決定性作用，但是我們看到，建信基金的投資理念更看重中長期的表現。這一調查結果是否會對貴公司的長期投資理念產生影響？孫志晨：短期業績對投資者選擇基金是否具有參考價值，這個問題要辯證來看。對大多數基金經理來說，他們投資經歷和知識結構等決定了他們有各自擅長的領域，也難免存在一定的盲區。比如有些基金經理在牛市背景下能夠取得顯著超越平均水平的業績，而有些基金經理則更擅長于把握震蕩市的投資機會。對於大多數投資者而言，我們更建議他們關注基金長期的投資業績，風險可控的、業績表現穩健持續的基金產品更適合多數投資者的理財需求，對建信基金而言，我們更看重贏利的持久性，而不僅是一時的勝負得失。簡單按照概率推算，如果連續三年都排在前1/2，累計相乘概率只有12.文件倉5%，將戰勝大多數專業基金管理人。因此，建信基金在投資理念上堅持“基本面驅動、研究創造價值”，爭取每年的業績都能夠保持在業內平均水平之上，理想狀態是前25%左右，以實現三年滾動累計投資業績的領先，並在此基礎上產生優秀的基金管理人和更多的優秀的基金產品。實踐證明，長期的穩健的投資收益能夠給予投資者更好的回報，這也是建信基金一直以來向投資者倡導的理財觀。我們也希望通過我們的共同努力，將這一觀念傳遞給更多的投資者，幫助他們實現中長期的保值增值。互聯網金融是大勢所趨《基金周刊》：今年以來，互聯網金融發展如火如荼，網上交易正超越傳統渠道成為基金銷售的主渠道，將會對基金公司的發展產生何種影響？貴公司在這業務領域何布局？孫志晨：隨著互聯網金融的跨越式發展，電商渠道的加入開始打破銀行對於基金銷售的壟斷。互聯網金融是大勢所趨，隨著投資者對在線交易的接受度的提高，基金的網上交易已超越線下渠道，占據絕大多數的銷售份額。存倉上渠道的吸引力不僅在於它所擁有的平台、客戶資源和數據的分析能力，而是互聯網本身作為突破傳統的信息渠道，能夠在基金公司與投資者之間架起新的溝通橋樑。與此同時，傳統的線下渠道也在互聯網金融的變革中謀求轉型。互聯網和傳統金融機構在這場變革中不是誰戰勝誰的問題，而是通過互相學習和彼此結合，為廣大投資者提供更優質的金融服務。對於基金公司來說，我們也要結合自身優勢和電商的特點，開創出一條多元化發展之路。其中，標準化的產品未來將實現較高程度的互聯網化，而較為複雜的基金產品，對理財顧問的要求較高，則需要將線上和線下的渠道資源加以結合。《基金周刊》：除傳統渠道銷售外，投資者在購買基金時也常把朋友的建議作為重要的考慮因素，您如何看口碑營銷對基金銷售的影響？孫志晨：對於投資者來說，口碑向來是選擇基金產品的重要參考，因此建信基金歷來重視口碑營銷。以前一個客戶背後是一百個潛在客戶，而在線社交工具如微博、微信將這一效應放大了，一個客戶背後或者會有千千萬萬個潛在客戶。當然，無論是線上還是線下，我們的宗旨仍然是更好地服務客戶、維護客戶的利益。目前建信基金已經開通了官方微博和微信，其中新浪微博的粉絲數量已經有240多萬，未來我們還將整合公司官網、微博微信等社交媒體工具等，打造公司自有平台的傳播矩陣，進一步提升公司的品牌影響力。《基金周刊》：近兩年來，固定收益類產品整體業績較好，但相比之下，權益類投資似乎正在被邊緣化。您如何看待這一現象？未來基金公司的發展是否會發生分化？孫志晨：市場在變化發展的過程中會呈現出階段性特點，權益類與固定收益類產品本身具有完全不同的屬性與風險收益特徵，這就決定了在不同階段都會有更受投資者青睞的基金產品，因此固定收益類產品在現階段的熱銷並不表示未來權益類產品會遭遇邊緣化。過去，基金公司對新基金的設計與發行主要考慮角度，還是產品在未來一段時間可能取得的投資回報以及客戶對投資業績的預期，因此主要產品仍然集中在股票型、債券型、貨幣型等。但隨著市場的發展，投資工具例如衍生品等逐漸增多，這些也受到了越來越多的投資者的接受和認同。因此，在未來的產品線布局過程中，建信基金會在保持現有優勢的基礎上，利用一些衍生品種設計出工具型產品。目前公司已經組建起量化投資的團隊，並逐步補充和完善在指數增強、量化投資等方面的研究平台，為大力發展工具性產品提供了有效支撐。市場估值正處於“投資窪地”《基金周刊》：對於近期IPO重�，有人認為這將使市場重心進一步下移，也有人認為這是一個新開始，您對未來市場怎麼看？孫志晨：我認為這是一個新的開始，我對中國市場未來發展比較樂觀。從市場運行的時間窗口看，歷史上熊市很少超過五年，但從2008年開始市場的震蕩下跌已經超過五年，從估值看，目前主板市場的動態市盈率已經是歷史最低水平，未來市場向上的概率會大於向下的概率。實際上，最近一年市場已經開始出現結構性行情，這符合市場底部“犬牙交錯”的特徵。從市場運轉的長周期看，股市符合“價格圍繞價值波動”這一基本規律，即使短期內可能會出現背離率，但把周期拉長來看，價格一定是圍繞價值在波動。從經濟面看，雖然宏觀經濟可能會下一個台階，但是隨著經濟轉型的推進，未來經濟發展的質量會超越從前；並且三中全會傳遞的改革信號也使我們對未來更有信心。綜合以上的多方面因素，我們認為目前A股市場從長期來看已經形成價值窪地，值得投資者重點關注。《基金周刊》：隨著中共十八屆三中全會的召開，中國經濟轉型的大幕已經開�，從投資的角度來看，您認為該如何抓住經濟轉型帶來的機遇？孫志晨：《中共中央關於全面深化改革若干重大問題的決定》有很多亮點利好整個A股市場。其中之一是提出“使市場在資源配置中起決定性作用深化經濟體制改革”，市場的作用從“基礎”變為“決定”是最大亮點和重大理論創新。具體而言，改革《決定》在經濟、政治、文化、社會、生態文明以及國防領域提到了九大改革重點任務，將利好A股市場相關的行業板塊和上市公司。現在中國如同全球最大的一片“森林”，是非常有生機有勃勃生命力的，雖然從近處看，森林里也有枯樹，甚至有些樹木已經被蟲蛀蝕；如果僅看一個局部，可能會被一些細枝末節的具體問題困擾，“只見樹木不見森林”。但實際上，只要建立起良好的淘汰機制並營造出良性運轉的生態環境，局部的問題不僅不會影響到全局，而且問題的解決還會推動全局向好發展，我們相信中國“森林”一定會日益茂盛。《基金周刊》：今年以來，基金業競爭進一步加劇。作為一家風格穩健的基金公司，建信基金如何看待這種來自行業內的競爭？基金公司應如何在規模、風險以及公司內在發展之間做平衡？孫志晨：我們看好業內競爭對行業發展的積極作用。無論是新基金公司的成立，還是老基金公司的推陳出新，現在這種競爭的格局是良性的，它將激發行業的發展活力。不過，行業競爭和公司創新的前提是，持有人利益必須被置於首位，並以此作為基點再去尋求規模、風險以及公司內在發展之間的平衡。對建信基金而言，我們在力求創新的發展過程中，必須在控制風險和獲取收益之間找到平衡點，為持有人創造穩定持續良好的回報，不因過度冒險而損害持有人的利益。同樣，對於基金行業而言，風險管理也是行業發展的基石，只有全行業樹立起嚴謹的風險管理形象才能得到投資者真正認可，實現持續健康發展。儲存

迷你倉藍色巨人IBM擬加速擴張雲端運算服務，該公司計畫在今年投資12億美元，在全球擴建雲端運算中心，以防阻亞馬遜等競爭對手搶食市場大餅。IBM透過聲明表示，「本項投資包含成立多座資料中心，旨在讓客戶在雲端管理資料、經營業務，以及部署IT運作時，擁有更大的彈性、透明度和控管。」2013年，IBM斥資20億美元收購雲端運算公司SOFTLAYER科技，一併接收後者的13座資料中心，計入IBM目前在美國和海外的12座，數量共達25座。IBM打算在今年底前，在全球5大洲、共13個國家新增15座運算中心，讓總數提升至40座。IBM全球技術服務資深副總裁克萊門帝（ERICH CLEMENTI）指出，「雲端運算是IBM主要的成長領域。」他估計2020年前，全球雲端市場規模將成長至2,000億美元，自存倉BM計畫在2015年將資料中心拓展至中東和非洲地區。IBM此舉反映出企業加速擁抱雲端服務，取代購買大型電腦主機、伺服器和相關軟硬體的傳統模式，以同時達到節省成本和快速調度的目的。競爭對手快速崛起是IBM加速雲端投資的原因之一，特別是亞馬遜的網路服務（AWS）、谷歌和微軟，這些業者皆表示，未來幾年每年將至少投資10億美元於雲端業務。截至目前為止，IBM主要向大型企業和政府機構提供「私有雲」服務，不過雲端市場成長最快的部分是「公有雲」，亞馬遜已是該領域的領導者，谷歌和微軟也相繼挺進公有雲市場。IDC首席分析師吉恩斯（FRANK GENS）表示，IBM今年的資料中心投資計畫是「相當基本的擴張，銷售運算能力或儲存空間已成為雲端市場最重要的部分，如果不能保持在頂端，那將會錯失成長機會。」迷你倉出租

儲存 【記者張添福/新北報導】年節即屆，翰品新莊店為因應朝九晚五忙碌的上班族，特別貼心推出「早鳥優惠價」預購活動，讓民眾將五星級廚師的料理好手藝，整套輕輕鬆鬆搬回家，用美食熱熱鬧鬧來圍爐，凡於十五日前預訂外帶年菜，即可享九折優惠，讓您歡喜過新馬年。翰品新莊店總經理嚴天立表示，由該店福明廳中餐主廚何其偉帶領一線師傅自製精挑細選推出的「精選伴手禮」、「精選單品年菜」及「六人份年菜外帶」，其中雲饗佛跳牆、一品烤福方，曾經分別榮獲年菜評比各類組的前三名殊榮！無論是精緻的小家庭，或者人丁興旺大家庭都能包君滿意，任意搭配組合與選擇。迷你倉

迷你倉　　【特訊】澳門基金會消息：「澳門研究叢書」之一、謝四德博士的新著《一國兩制下澳門產業結構優化》經已由社會科學文獻出版社和澳門基金會聯合出版，並於全國及澳門地區同時發行。該書作者以文獻回顧、描述性分析、實證分析、歷史比較、模型建構研究等方法，對一國兩制下澳門產業結構的優化理論、機理和路徑選擇進行了深入研究。　澳門產業結構問題一直為社會所關注，產業結構的優化更是澳門特區政府的施政重點。對於澳門產業結構失衡問題，學術界已進行了廣泛的研究及分析，但結合產業結構優化理論、機理和路徑選擇等方面尚缺乏系統深入研究。因此，針對澳門這個資源匱乏的微型經濟體，更需要結合產業結構優化的理論及實證研究，為澳門產業結構優化研究提供一個獨特的視角。　《一國兩制下澳門產業結構優化》作者謝四德，為華南師範大學政治經濟學博士，長期從事制度經濟學、一國兩制與澳門產業結構優化等方面的研究。該書為其博士論文的基礎上整理及完善的成果，全書共設八章，系統地論述了澳門產業結構的問題，並採用了產業產值比重、產業就業比重、勞動生產率、產業結構偏離度、產業結構失衡度迷你倉將軍澳描述性分析，剖析了澳門產業結構的失衡問題。作者透過論述分析，提出了澳門產業結構存在「結構紅利假說」的可能性，並同時指出澳門的產業結構變動源頭並非博彩業所致，而是與製造業勞動密集型的比較優勢被削弱，加上紡織品配額制度取消，引致產業未能及時升級轉型。　該書借鑒了拉斯維加斯、芬蘭、新加坡、香港、日本等地區產業結構的發展演變，提出了澳門產業結構應由資本密集型朝向知識密集型發展，以制度、資本作為澳門產業結構優化的路徑選擇，而由於澳門不能單靠自身條件優化產業，需以國家「十二五」規劃為發展基調、以粵港澳合作為主線，以橫琴、南沙開發為切入點，以推動產業優化升級，實現知識密集型發展為目標，通過貫徹一國兩制、內部資源優化、加強粵港澳資源整合，推動澳門產業結構優化升級。　該書遵循理論結合實際的原則，對澳門產業結構問題進行了系統的梳理及分析，在理論方面為澳門產業結構優化提供系統的分析及提供理論層面的技術破解，在現實方面則加強了在「一國兩制」方針下澳門產業結構優化的實踐性。　《一國兩制下澳門產業結構優化》定價澳門幣六十元，現於全澳各大書店有售。◇倉

美國多家大型企業陸續公布季度業績，其中並無亮眼數據，加上經濟數據好壞參半，導致市場反應冷淡。華爾街三大指數中僅道指造好，惟標普指及納指跌幅都不大。本報記者綜合報道美國當地時間周五，道指收市報16,458.迷你倉56點，升41.55點或0.25%。標準普爾500指數收市報1,838.70點，下跌7.19點或0.39%。納斯達克指數收市報4,197.58點，倒退21.11點或0.5%。全日成交69億股，較3個月平均值高13%。總結全周，道指累計上升0.1%，標普指跌0.2%，納指則上升0.5%。全球最大晶片生產商英特爾（Intel）及通用電氣（General Electric）等大型企業業績令人失望，拖累大市偏軟。其後，美國密歇根州大學及湯森路透公布，1月消費者信心指數初值回落，反映中下層市民對前景存有憂慮。另外，美國12月新屋動工下跌，但年率仍高於市場預期，令市場缺乏方向。惟受到Visa、美國運通及摩根士丹利股價上漲提振，道指表現好於其他市場。英特爾PC銷售下滑市場分析認為，投資者不願就大市的下一步走向大舉押注，但隨�企業發布第一批第四財季業績，過去幾個交易日許多單檔股票出現大幅波動。此外，英特爾周五宣布，計劃裁減5%僱員。英特爾現正設法拓展新市場商機，同時面臨個人電腦產業日漸凋零。據《路透社》引述該公司發言人Chris Kraeuter稱，有關舉措是整體人力資源重置策略的self storage部分。該公司現時全球僱員有10.7萬人。該公司前一天公布上季業績，顯示個人電腦行業的放緩，對集團業務構成打擊，引發分析員的關注。集團首席財務長Stacy Rasgon暗示，今年內會有裁員行動。此消息更加深市場不安情緒。英特爾於當地時間周五收市報25.85美元，跌2.6%或0.69美元。其他個股方面，百思買（Best Buy）日前公布疲軟的假日銷售結果，該股連跌兩日，周五收市跌逾8.9%。邊際利潤率遜預期的通用電氣，股價最終跌2.3%。預期業績遜市場預期的UPS，股價回落0.6%。不過，美國運通，前一天公布的財季利潤同比增長逾一倍，其股價上漲3.63%。全球最大的銀行發卡組織Visa亦升4.7%。業績好於預期的摩根士丹利，股價升4.4%。油金齊升另一方面，美國經濟數據好壞參半，外圍金價造好，連升第2天。紐約2月期金升11.70美元或0.9%，收市報每安士1,251.90美元。總結本周， 期金升0.4%。市場人士指出，美國經濟數據有點疲弱，對金價帶來支持作用。此外，美國原油庫存劇減的消息，繼續推動外圍油價造好。總結本周，紐約期油升1.8%。紐約2月期油升0.41美元，收市報每桶94.37美元，是1月3日以來最高。倫敦布蘭特3月期油升0.73美元，收市報每桶106.48美元。市場分析指出，雖然經濟數據沒有意外驚喜，但是結合周三公布的美國原油庫存大減的消息，仍然推動油價向上。迷利倉

迷利倉【記者何弘斌/高雄報導】高雄觀光旅遊再創商機，民眾期待已久的國際平價航空「樂桃航空」也正式啟航高雄-大阪行程，機票價格低於一般傳統航空日本高雄票價至少四千元以上，不定期還會推出促銷價，航班也是目前平價航空中最密集，高雄-大阪航線每天均提供一班來回航班服務，預計將帶入每年六萬多名國外旅客，創造年十八億元的觀光商機，並藉由直航促進高雄-大阪兩個城市的觀光交流，有效提升兩市觀光效益(見圖)。昨(十八)日的迎賓活動，包括高雄市政府觀光局局長許傳盛、民航局高雄航空站主任朱耀光、高雄市議員連立堅、日本交流協會高雄事務所副所長山口幸文先生出席活動之外，觀光局更特別邀請高雄著名宋江陣迎接首航旅客，向日本旅客宣傳三月八至十九日高雄內門宋江陣活動，深入體驗台灣宗教節慶的藝陣文化。觀光局局長許傳盛致詞表示，高雄有好山好水好天氣，高雄展覽館今年四月也正式營運，適合遊客到高雄遊玩開會。樂桃航空的開航，不但可望大幅提升高雄日本的旅遊人數，更可促迷你倉兩城市密切的觀光交流，預期未來會持續擴散效應，期望能將目前小港國際機場年運量再提升一百萬人次。樂桃航空執行長井上慎一先生表示，高雄天氣溫暖和煦，且位於台南與屏東的中間，對於冬季寒冷的日本來說，是一個非常適合旅行的地方。因此樂桃非常重視高雄的觀光發展潛力，目前樂桃有十架客機在空中提供每日一班的載客服務，並且預計在二○一五年底可望將航班增加，加追到十七架飛機。希望樂桃航空直航兩個城市，不僅能服務更多的旅客，並且創造更密切的觀光文化交流，也希望藉由直航高雄，為台日旅客帶來歡樂的旅行經驗。為慶祝樂桃航空首航高雄，高雄市政府觀光局推出「暖冬遊高雄，幸福自由行」活動，發行「高雄遊樂包」贈送給航空公司直航高雄的旅客，內容除了免費贈送高雄捷運一日卡乙張外，並整合有六大伴手禮及二十一間觀光飯店旅館提供專屬贈禮及免費索取優惠，再結合「高雄暢遊GO觀光手冊」近百間超值優惠商家供自由行旅客選擇，總計優惠內容達十三萬元，讓國外遊客盡情暢遊高雄。自存倉