The bank discount rate normalizes by the face value of the security and understates the true yield earned by investors. |
But even this understates the costs, because many state taxes, tied to federal policies, also have been placed on the chopping block. |
That makes it easy to manipulate mathematically, but it usually understates the chances of bad outcomes, both in frequency and in amount. |
It should also be noted that this number understates the actual number of vacancies in Canada, as not all hospitals participated in the survey. |
To describe e-mail as an enabling technology greatly understates its influence. |
That bland description understates the drama and stakes of the investigation. |