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blow |
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8 as strong earnings reports and a drop in future oil prices cushioned the blow of mounting energy cost and a weakening housing sector. An increased exemption amount has cushioned the blow for the past several years, but will expire with the 2005 tax year unless Congress passes an extension. Meanwhile, overcapacity in the telecommunications business hurt SBC Communications (NYSE: SBC), a value pick that slipped more than 30%, but the dividends cushioned the blow by paying out $1. |
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