Moscow, after all, does not believe in understated elegance.
For example, since a minority of artists account for the vast majority of music sales, the fact that songs available for digital download tripled between 2000 and 2010 might not be a big deal: most of those new songs may be by marginal artists of no great interest.Joel Waldfogel of the University of Minnesota believes this understates the internet's contribution.
In any case, some say corruption may be eroding the commission's fundamental source of revenue -- a tax on phone companies' revenues -- because many officials believe executives understate revenue to minimize corporate taxes.
She said government figures, widely believed to understate the malaise, put unemployment at 14 percent, up from 8 percent before the revolt, while the number of Egyptians officially considered to be living in poverty has risen to 25 percent from 20 percent.
The official Chinese figures are believed to be understated — and it costs China less money to buy the same goods and services as the United States.
According to official numbers that some believe to be understated, tens of thousands of Chechens remain in Ingushetia, living in private homes or makeshift housing.
Flatley, though, thinks the use of 3D is "understated", believing it's not there as a gimmick – a frequent complaint of the medium that goes back to the 1950s when it was first used to enhance B movies.
But today I actually got the feature activated on my account — I believe I vastly understated what this feature could mean.
Even at the present price of $87/share (which is far higher than my fund's cost basis), Gilead trades for only 17x forward earnings, which I already believe may be understated.
We believed in the understated (and brief) remarks from LBJ.
