I remember how great was the scoffing in the early 1970s when John first described 'place cells' … 'Bound to be an artifact', 'He clearly underestimates rats' sense of smell', were typical reactions.
O'Neill said of the $100tn figure $15tnn of which is from Europe): "As big as that number seems it almost definitely underestimates the economic cost".
Savings have to be made, but this attack on libraries underestimates their value, and ignores the less destructive alternatives.
The numbers are probably underestimates.
During 2012 prices rose by 5.84%—above market expectations, and, for the third year running, close to the ceiling of the range (2.5-6.5%) targeted by the Central Bank.In fact, the headline figure underestimates inflationary pressures.
A good place to start would be to recognise that '7 billion inhabitants' underestimates the number of living things which call the Earth home".
He spent a lot of time pressing rural flesh.But this underestimates both the scale of his challenge and the subtlety of his achievement.
An attack on the town of Baga earlier this month may have claimed as many as 2,000 victims (the army, which often underestimates casualties, belatedly claimed the real figure was 150).
But presuming excellent, efficient and lower-cost technologies will simply emerge readymade from a laboratory in time to cash in on the benefits of a stringent carbon tax underestimates the importance of a market to spur innovation, and could prove more risky and expensive than straightforward subsidies.The bill is hardly perfect.
It does fairly well in handling the general shape and duration of the downturn, but it underestimates the recession's depth.
It was defeated in takeover attempts in Hong Kong and Malaysia, in large part for this reason.Only a fool underestimates this family.
