But some of the hardest-hit towns won't fully come back until 2014, Mr. Christie said, and he's anticipating New Jersey will suffer a loss in tourism revenue.

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But if it kicks up the ten-year rate to 5.25%, as Fuss predicts, someone buying the note now will suffer a capital loss of 2% or 3%.

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While Caterpillar will suffer a substantial loss, amounting to about 10% of expected Q4 EPS, according to UBS, its acquisition of ERA should be long-term positive for the company.

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