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    The U.S. Small Business Administration approved 28 percent fewer loans to Shore-area small businesses in fiscal 2008, evidence the credit crunch and slowing economy took a toll, the agency said Monday.
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    Coming on the heels of awful business and economic-growth reports, Friday's dismal news that the unemployment rate rose to 6.5 percent and employers shed another 240,000 jobs in October made it clear that the U.S. economy is now in recession.
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