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By contrast the estate tax, even though it affects few families, has a high public profile.
FORBES: Where's My Tax Cut?
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Though the region suffers from rampant piracy, it mainly affects international shipping rather than locals.
ECONOMIST: Somalia��s woes
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In other words, Mr Mishkin suggests the Fed should cut interest rates before a deflating housing bubble affects the real economy, even though it resisted acting before an inflating bubble created dangerous economic distortions.
ECONOMIST: Economics focus