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s work to do； work that government alone can not do； teaching children to read； hiring people of wealthier roles； coming out from behind locked doors and shuttered windows； to help reclaim our streets from drugs and gangs and crime； taking time out of our own lives to serve others。 Each and everyone of us； in our won way； must assume personal responsibility； not only for ourselves and our families； but for our neighbors and our nation。
Our greatest responsibility is to embrace a new spirit of community for a new century。 For any one of us to succeed； we must succeed as one America。 The challenge of our past remains the challenge of our future。 Will we be one nation； one people with one common destiny or not？ Will we all come together or come apart？ The divide of racej has been the America's constant curse； and each new wave of immigrants gives new targets to old prejudices。 Prejudice and contempt clogged in the pretense of religious or political convictions are no different。 These forces have nearly destroyed our nation in the past。 They plague us still。 They fill the fanaticism of terror and they torment the lives of millions in fractured nations all around the world。 These obsessions crippled both those who hate and； of course； those who are hated； robbing both of what they might become。 We can not； we will not succumb to the dark impulses that lurk in the far regions of the soul everywhere。 We shall overcome them。 And we shall replace them with the generous spirit of a people who feel at home with one another。 Our rich texture of racial； religious and political diversity will be a godsend in the 21st century。 Great rewards will come to those who can live together； learn together； work together； forge new ties that bind together。 As this new ear approches； we can already see its broad outlines。 Ten years ago； the Internet was the mystical province of physicists。 Today； it is a commonplace encyclopedia for millions of school children。 Scientists now are decoding the blue print of human life。 Cures for our most feared illnesses seem close at hand。 The world is no longer divided into two hostile camps； instead； now we are building bonds with nations that once were our adversaries。 Growing connections of commerce and culture give us a chance to lift the fortunes and spirits of people the world over。 And for the very first time in all of history； more people on this planet live under democracy than dictatorship。
评克林顿
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Editorial writers gave President Bill Clinton's second Inqugural Speech average ardes for both presentation and content。
The New York Times； U。S。 Inaugural Addresses often evoke a sense of triumph in a vision of battles to come。 For lovers of such sailing rhetoric； president Cliton's was distinctly earth … bound。
Toronto star； Canada： Chastened by setbacks and scandals … and saddled by voters wit their Republican controlled Congress … the President retreated into lofty sentiments and vague generalities。
The Guardian； Britain： Mr。 Clinton tried too hard for his memorable line。 It was an uninspired inspirationalism。 A Johnny Appleseed view of human progress and ultimately a disappointing speech。
Hong Kong Standard： Do inaugural addresses provide a clear foretaste of what the next four years will hold？ Of course not。 No president has ever lived up to these promises。
新兴市场
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Some money managers are looking at emerging markets like Hong Kong； Russia and India for winners。 So far this year； 60 new emerging markets funds have been launched making the sector the fastest growing area for fund companies。 But emerging markets funds have lagged the tolled pays of the US market； and that's just one of the many reasons the man considered to be the guru of emerging markets believes they belong in most portfolios。 Mark Mobius； president of Templeton Emerging Markets Funds is normally speeding around the globe looking for bargain stocks。 But he stopped in New York recently to publicize the latest edition of his book appropriately titled Mobius on the Emerging Markets。 And he says the market he is most excited about right now is Hong Kong。 While considering the free market British colony is about to be turned over to communist China； I asked him why he is so optimistic。
I realize that it is an opportunity there； ah； that is a ； probably opportunity of a life time。 Because if things go well； the market could move up substantially from where it is now。 I also realize there is a risk； and we've signed about 25％ risk of something going wrong with this transition。 But the upside is very very good。 And you have a situation where Hong Kong is a very efficient business … like environment； is the best place to be if you want to invest in China。 To just give you one example； the largest infrastructure project in the world … the new airport in Hong Kong； and the fastest growing major economy in the world right at your door step。
Mark； how do investors choose which emerging market funds to buy？ There are so many funds out there。
For the individual investor new to emerging markets； he or she is best to be in the global emerging markets funds where there are many companies； many countries； and diversification is very good。 Because I may love Hong Kong but the market could change and you'd better offer a diversified portfolio because even if Hong Kong gets hit； you are in man other markets。
You have a Russia fund。 What's your rush now investing in that country？
I was in Russian two weeks ago and an American businessman got shot。 So I mean； sometimes you do find it difficult to justify being there。 But it's a great country and has a great future in my view。
Should investors be scared of emerging markets； what should they expect？
Usually what I'd like to tell people is look at the fund you are thinking about investing in； and look at the last five years and see how far it's gone down in its worst periods。 And if you are not willing to accept that kind of decline； don't invest。 And in these emerging markets； you can look at as much as a 30％ decline in one year。
So you've got to be ready for that kind of volatility。
Where are you investing personally？
In our funds？ I've； I focus on the emerging market funds and also all the specialized funds。 The most risky funds are the ones I like。
Are you100％ investing in the emerging markets？
Yes。 （As） a matter of fact； I am。 Maybe I shouldn't say this on the air because that's something that we don't recommend people to do。 You know； we recommend people to； to be in global funds； not only in the emerging markets funds。
But why； Why are you 100％ invested in the emerging markets？
Because I think that there the growths will be the greatest。 And I'd like to be with the growths。
I just want to point out that Mobius reiterated that he can afford to put money at risk。 But for people who can't； he recommends avoiding emerging markets entirely。
里奇
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He was called the maestro of melo。 He wroth the songs that made us feel so good。 He even won an Oscar for this one。
Here I am bolding the Oscar。 I have got the Golden Glob