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U.S. military spending up 81 percent since 2001: report

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STOCKHOLM — Growth in global military spending slowed to its lowest level since 2001 last year as the world economic crisis hit defence budgets, Swedish think-tank SIPRI said Monday. World military spending rose only 1.3 percent in 2010 to $1.63 trillion (1.14 trillion euros), after average annual growth of 5.1…

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