11.   And since the central bank advocated higher rates for months, some analysts contend it will almost certainly raise them now that it can.

12.   Bearish analysts contend that stocks are under pressure largely because of their high valuations as measured by price-to-earnings and other ratios.

13.   But analysts contend that the business model presents difficulties because millions must be spent on marketing and technology to build a subscriber base to attract ads.

14.   But analysts contend that such drastic moves require grass-roots support and collaboration from the armed forces, which Mahuad apparently lacks.

15.   But analysts contend the bankruptcies speak more to heightened competition than to overall weakness in the industry.

16.   But digital TV is different, and many analysts contend, better.

17.   But in helping to keep the issue alive, he risks a backlash, some analysts contend.

18.   But most analysts contend that the customers suited to online-only banking are those who receive money by direct deposit and rarely write checks.

19.   But the depressed price, some analysts contend, is strictly an issue of a lost appetite for smaller stocks.

20.   But some analysts contend that the benefit will be only marginal since Jews historically have voted Democratic.