In a sense he has, heading one of the most controversial agencies in Washington.

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Though farfetched, such a scenario is what we are heading towards and it makes more sense now to have the next generation software capabilities in portfolio than dominating a market facing obsolescence.

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At the same time, GE officials did a lot of what Elizabeth Comstock, chief marketing officer, calls "pulsing, " in Washington, to sense where Congress and regulators might be heading, especially on the issue of carbon dioxide emissions.

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The argument for waiting is that, by next month, the Bank's policymakers will have a new set of economic forecasts to guide their decision - and perhaps a better sense of where the crisis in the Eurozone is heading.

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Interest-rates will probably be over the hill, in the sense they will have risen but will then be heading down, the economy will will still be looking pretty good and the stock market just won't look so expensive then.

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The staff in the restaurant is professional and pleasant, the by-the-glass wine list is decent, and my linguine with clams last night was much better than the linguine with radicchio I had at that little hole-in-the-wall (with a great sense of place) near the Grand Hotel Gianicolo yesterday before heading for the station.

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