<h1>Title</h1>

<ul>
  <li><em><a href="http://www.freewisdom.org/projects/python-markdown/">Python in Markdown</a> by some
    great folks</em> - This <em>does</em> work as expected.</li>
  <li><em><a href="http://www.freewisdom.org/projects/python-markdown/">Python in Markdown</a> by some
    great folks</em> - This <em>does</em> work as expected.</li>
  <li><a href="http://www.freewisdom.org/projects/python-markdown/"><em>Python in Markdown</em></a> by some
    great folks - This <em>does</em> work as expected.</li>
  <li><a href="http://www.freewisdom.org/projects/python-markdown/"><em>Python in Markdown</em></a> <em>by some
    great folks</em> - This <em>does</em> work as expected.</li>
</ul>

<p><em><a href="http://www.freewisdom.org/projects/python-markdown/">Python in Markdown</a> by some
    great folks</em> - This <em>does</em> work as expected.</p>