From this point of view a fall in the yen should be cheered not feared.
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While many argue that Chinese bailouts should not be feared, because they increase that country's stake in US recovery, it is also clear that the public in both countries is often uncomfortable with this inter-dependence.
But even if the overall number of unsold units is not as bad as feared, it does not capture the full effects of oversupply.
Doug Freeman, analyst at RBC Capital, said "the numbers are not worse than feared".
It was not that they feared for their own jobs, but they felt that plenty of outsiders had come in already.
They feared not only a larger welfare state, but a revitalized Democratic coalition that might go on winning elections for years to come.
Hedge funds have not proven to be the systemic threat that many feared, but they have not had a good credit crisis.
Barca hope to have Messi back for that match, as his injury is not as bad as feared.
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In Europe, Russia wants to reassert itself as the dominant power in the east, feared if not respected.
Business services, such as accountancy and legal advice, also suffered a drop in trading, but not as much as feared.
As it turns out, the quarter certainly was a troubling period for the purveyors of American prep, but not as gastly as feared.
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Profit reports out this week indicate that while the damage from the recent subprime meltdown and credit crunch is not as bad as feared, recovery is still a ways off.
Marine Le Pen, taking the lead from her father, has then strengthened the party, although not as much as feared in the first results yesterday night were she was granted 20%.
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Current thinking is that those affected will not have to pay other big taxes on top, so the wealthy will not, as they feared, end up with rates of 90% or more.
But it is not as bad as feared.
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Though the cuts were deep and painful, they were not as bad as once feared.
She said it was feared they would not join the pension scheme and may leave the profession.
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Returning as a student, like Mr Owings, he was met with polite curiosity, not the hostility he had feared.
Ms Shah's lawyers said they feared she was not getting proper medical help.
Mr Nadir fled to northern Cyprus in 1993 and says he feared he would not get a fair trial.
And the infection risk of air-conditioning may not be as high as feared.
Meanwhile, Rangers say the knee injury to Kyle Lafferty, carried off against PSV, is not as bad as first feared.
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But the injury is not as bad as first feared and Elano hopes to be fit for Brazil's final group game on Friday.
She feared there had not been time to analyse who would "lose out" as a result of the government's proposed changes.
The Netherlands were boosted by news that the jaw injury suffered by Demy de Zeeuw was not as bad as first feared.
Meanwhile, Tyrone's Kevin Hughes is likely to miss the game although his injury is not as bad as first feared last weekend.
The feared blackout did not happen, at least for tonight, in Tokyo.
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