In the ECF analysis, the indirect effect of American cuts equivalent to those in the House legislation, via increased ambition elsewhere, is even more than the direct effect.

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The reduction in performance on these tasks associated with a 25-decibel hearing loss (classified as "mild") was equivalent to an ageing effect of seven years in cognitive abilities.

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In effect, Mr Paulson engineered the equivalent of a half-point cut in interest rates targeted at the mortgage market.

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In effect, what that has created in countries such as the Dominican Republic is an equivalent to AAU basketball in the United States.

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Creating a central repository for data, the equivalent of a data store, in addition to an app store would have the same effect.

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The most interesting thing about the Moody's analysis is that it, in effect, creates three new categories of global banks, the banking equivalent of the Premier League, the Championship and League One.

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Certainly, raising an equivalent amount of tax revenue through means other than increases in marginal tax rates would likely have a smaller negative incentive effect.

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