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It looks like Tzipi Livni’s party just edged out Likud…:

Both Foreign Minister Tzipi Livni’s Kadima party and Binyamin Netanyahu’s opposition Likud styled themselves the winners of Tuesday’s elections, after exit polls broadcast on the three television networks showed Kadima would be the largest party in the new Knesset, but the Likud-led right-wing would constitute the larger bloc.