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NEWSFLASH: AP Reports Kerry Has Conceded

According to Associated Press reports Democrat Presidential candidate John Kerry called President George Bush at 11am this morning EST (5am NZT) to concede defeat in the presidential election.

"The concession came after Kerry aides looked at the situation in Ohio where Bush has a lead of about 135,000 votes. They apparently concluded that Kerry would not be able to make up that difference in the uncounted provisional and absentee ballots," the AP report stated.

Kerry is expected to make an official statement in around 1 hours time.

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