Proponents simply have asserted that policy should be based on LCA, apparently assuming that its utility as a technology assessment tool implies its value as a regulatory tool.

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But this implies that Berkshire recorded these assets at a value which was unrealistic, which is not the case.

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Such a position implies that Paulson was betting the CDO would increase in value.

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In a free society, which implies a free market, businesses survive only by providing services of greater value than the resources they use in production.

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Low inflation implies that prices may have to fall by more in absolute terms to return to fair value.

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This implies that the company has significant sales opportunities already in the pipeline when it comes to value added services.

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Using the classic Rule of 72, even the year-to-date, annualized stock market return of 3.83% implies it will take 19 years for a portfolio invested 100% in equities to double in value.

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