In fairness to Mr Cameron, he has taken a consistent view on this question.

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On the other hand, it isn't clear the financial markets have settled on a consistent view of this question, either.

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Whether such a view is consistent with the obligation science owes to the truth is debatable, at best.

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The goal of regulators is to develop a unique identifier for each HSBC or Citi subsidiary around the world in a consistent fashion that can be rolled up for a comprehensive view of the institution.

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Readers equally must trust that our opinions, agree or disagree, reflect only the honest view of Journal editorial writers, rooted in a consistent set of principles that the Journal has adhered to for decades.

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"John Thain has taken the NYSE in a completely new direction we think is consistent with our own world view, " says Kevin O'Hara , Archipelago's chief administrative officer and formerly a fierce NYSE critic.

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But at least this has the virtue of being entirely consistent with the church's view that life is a gift to be given and taken away only by God.

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Mr Riley warned that if this was to rise to 100%, "in our view that is not really consistent with the UK retaining a AAA rating".

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