This is also leaving out all of the effects of State spending on the same issues, plus leaving out the effect of government or tax paid for services like K-12 education.

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What it actually is is the doorway into working out what has been the actual effect of all the money that has been spent in the past.

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The most important members of the team, then, may not be the entrepreneurs and venture capitalists who put up the drive and the money, nor the engineers who build the hardware that makes it all possible, but the economists who try to work out the effect on the price of platinum when a mountain of the stuff arrives from outer space.

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Essentially, Facebook is attempting to gather all the data under its own roof, in effect, pulling the rug out from under these services.

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He won from Mr Yeltsin an opt-out which, in effect, gave the city government ownership of all federal property on its territory, and a free hand in disposing of it.

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Airbus, with its new engines, has in effect pushed the possible launch of an all-new A320-type aircraft out beyond 2025, according to Mr Leahy.

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Less than three weeks ago I revisited my own gluten intolerance and cut out all grains and milk (milk contains a gluten-like protein cassein which has an equally bad effect on me).

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That the effect of all this is more to damage market valuations of Wall Street firms and throw analysts out of work than to restore investor confidence seems not in the least to have detracted from Spitzer's popularity.

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