Word: strongly
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Subsequent years saw more challenges to the core assumptions of the rational market. Even Fama retested his 1969 efficient-market hypothesis and found it wanting. But the strong performance of the U.S. stock market and economy tended to silence doubts about the wisdom of the market both on campus and where it really mattered--in Washington and on Wall Street. Shiller warned repeatedly of irrational exuberance in stocks in the late 1990s and in housing in the early 2000s. He was largely ignored both times--until he turned out to be right. Unwillingness to countenance the possibility that market prices...
...underestimated by the Obama Administration. Even the Orlando Sentinel, which covers a city that would absorb a large share of the $1.5 billion Florida will seek to help fund a $2.5 billion Orlando-Tampa HSR line, warned in a recent editorial that the Sunshine State is "really not a strong candidate for high-speed rail." The reason: its local commuter-train lines - which HSR would need to link up with to make it truly practical - are virtually nonexistent because of the peninsula's car-obsessed culture...
Still, despite the questions about Florida's long-term commitment to HSR, Vice President Joe Biden this month assured the state that it's "in play" for the stimulus money. Either way, Florida is a strong reminder that the passenger-rail debate isn't likely to go away. Liberals tend to romanticize trains (because the French use them) and conservatives tend to disparage them (because the French use them). But while the U.S. probably can't re-create the charming ride from Paris to Lyon, it also can't keep treating rail like a loathsome relic. Since World...
...United States be a foil for those forces inside Iran who would love nothing better than to make this an argument about the United States," the President said in an interview broadcast on Monday morning. "We shouldn't be playing into that." Domestic politics is also playing into the strong rhetoric on the part of European leaders like Sarkozy and Merkel, according to Niblett. "It is in Sarkozy's nature to be plain-speaking and tough, and that's played well domestically. His popularity has dropped recently, so his stance on the importance of free elections plays well. It does...
...toughening his public stance on Iran. "It will become more likely that the U.S. and Europe will find a consensus if the Iranian regime becomes more oppressive, or as their pronunciations of Western interference become more extreme. You can't give credence to those accusations, and you'll need strong rebuttals from both European and American leaders." (See what Mahmoud Ahmadinejad's win means for other world leaders...