Let s assume, I said next, that Nicholas and John own two small firms that compete with each other.

But assume that China does revalue its currency sharply, by, say, 40 .

NEW YORK Let us assume, for the sake of argument, that Geert Wilders, the Dutch politician who is convinced that Europe is in the final stages of Islamization, is right Anders Breivik, the Norwegian mass murderer, is mad.

We are assuming that our societies are going to be based on mistrust.

First, it has to be assumed that individuals prefer to avoid risk.

We can no longer presume that its institutional arrangements reflect its citizens preferences.

Nevertheless, we should not take a positive outcome of the review as a foregone conclusion, nor should we assume that the subsequent launch of a final status process will be automatic.

But this assumes that our income relative to the income of others does not matter.

So presumably he has a constructive vision for the Bank s future.

To illustrate, suppose that this reduction in the value of the pound is 5 .

Let's get out of here before Tom sees us.

We need not assume that these goals cannot be pursued simultaneously.

Let's find out.

Let's split.

One can assume that next year s total spending on military affairs will be even bigger.

But it is neither useful nor very plausible to assume that Kim Jong un and his military advisers are mad.

But it would be most imprudent to assume that the turning point is right now, and that things are as bad as they will get.

To them, one can only assume, the debates are nothing more than a personality contest.

It would be rash to assume that the outcome in Russia would be as benign as Ukraine s Orange Revolution.

Both will depend on the outcome of the review, and that outcome is in the hands of Kosovo's leaders, who should continue their progress in implementing the standards.

The concepts of intelligence and of race are less clear cut than we often assume them to be.

One would assume that Obama would prove even more unsettling to bin Laden.

On the contrary, it would be a grave mistake to assume that fanatical Islamism fully defines Saudi attitudes toward religion.

It is therefore inaccurate to assume China changed suddenly and all at once in the year 1644.

So, let's see.

Let's start with the water.

Now, let's see ...

Let's take a vote.

Let's share the expenses.

Let's not talk.

Let's make a trade.

Let's get ready to go.

Let's forget about this.

Let's flip a coin.

Let's flip a coin.

Let's watch a movie.

OK, let's begin!

Let's work together

We all know what to do now let us do it.

So let us talk.

It would be dangerous to assume that after Tunisia, democracy in the Arab world is just around the corner.

Yet it would be a grave mistake to assume that the ECB can deliver lasting economic peace.

Of course, relaxed and happy people can still become depressed, and stressed and unhappy people may not be depressed, but it is a reasonable hypothesis that happier people are less likely to become depressed.

So let's give this a try.

Let's get started right away.