Agriculture Department and banking officials said they could not recall a previous instance in which a major guaranteed agricultural-export loan had been claimed entirely by foreign banks.

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First, a conservative group called Rescue California, which helped gather signatures to recall the previous big-spending Democratic governor, Gray Davis, wants to launch a ballot initiative that would limit spending increases to the rates of inflation and population growth.

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Recall that the previous target was 1% and the now new government had campaigned in the recent election for a 2% inflation target.

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