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,151 >15 6296 712= >6G6:=2 395191896 >6 ?39I?3C12J [1291 ?=8 17C1 68 ?1>1 341J &36H= >6 C1 17C6C 1?6<96 L<>5191896 62 56?=:68>1GC6 L1?65 38 76A364= :121F6 68 ?1>1 341 7151 D1?
(=8 6296 712= L6:=2 D<81C= 9=>= C= 56276?96 C12 ?39I?3C12J ,3C<5 C12 3412J *C 73C<>= 62 38 712= 756M<= :3; <:7=591896 A36 9686:=2 A36 >15 18962 >6 C1 17C6C 62:1C96J (=8 629= 26 >6G6 ?=556H<5 ?31CA3<65 <:765D6??6286 68 C1 23765D6 C12 3412J $362951 :691 1C 73C<5 >6G6 265 >6F15 C1 341 ?=:7C691:6896 C<21 7151 C1 17C6C 62:1C96J ,151 6CC=@ >6G6:=2 5671215 C1 627=8F1 73C<>=51@ ?=8 56C191>@ 75<:65= L=562>6 C1 G126 L1?<1 C1 73891PJ #7C6 C1 G126 >6 3412J &36H= >6 >6F15 C12 3412 765D6?91:6896 73C<>12@ 6C 23>1@ 26 95191 >6 38 712= :3; <:7=591896@ ;1 A36 6296 75=>3?9=@ 1>6:B2 >6 381 C1 >356K1 ; 75=96??6C 62:1C96J k68651C:6896@ C1 G126 62 >6 9=8= 951827156896J .1:G6 68?=8951526 68 ><29<89=2 ?=C=562@ 765= 629=2 236C68 265 :3; 968362J "3?L12 M6?62 736>6 6C6H<526 38 9=8= 6276?ID6 G126 >6 1?365>= 1C 62:1C96 A36 26 17C6 6296 :=>= 26 736>6 5621C915 6C ?=C=5J [1291 ?=8 17C6G6 L1?6526 >62>6 C1 G126 >6 C1 341 L1?<1 155= 1C :=:689= ?C1M6 >6 C1 :186F15 C12 3412 ?=:7C691:6896 C<2912 7151 C3?<526R C1 17C6C 62:1C96J (E:= ;1 <8>1> >6 9=8=2 >6 62:1C96@ 7=5 C= A36 62 86?6215<= ?=8915 ?=8 C1 :1;=5 H1:1 >6 ?=C=562J )6276?9= 1C ?=C=5 A36 26 >6G6 6C6H<5@ >6768>65B 68 H518 71596 >6C H329= >6 ?1>1 7652=81S 2<8 6:G15H=@ 2<6:756 L1; >6965:<81>=2 1276?9=2 A36 62 86?6215<= 96865 68 ?=82<>651?6 C1 7<6CJ # C1 7<6C GC18?1 C6 2<68918 G<68 ?12< 9=>=2 C=2 9<7=2 >6 9=8=@ 6Y?679= C=2 G612@ >=51>12 ; ?=51C62J&1 7<6C 5=2B?61 236C6 ?=:G<815 G<68 ?=8 C=2 9=8=2 D3?2<12 ; ?15:62I62J *C 6296 C1 5=71 A36 26 CC6M15BJ N<6:756 L1; A36 951915 >6 G32?15 15:=8I1 68956 C=2 ?=C=562 >6 C1 5=71 A36 26 3215B ; 6C 9=8= >6C 62:1C96 >6 3412@ 8= 9<6868 7=5A3X 265 2<:6G68 ?=:G<815J&= :<2:= 23?6>6 ?=8 6C 6296G6 ?=82<>6515 2< 6296 62
951>67=596 1?365>= 1 6CC= 6C6H<5 6C ?=C=5 >6 62:1C96 :B2 1>6?31>=J *C ?=C=5 >6C C1G<1CJ *2 <:7=591896 ?=82<>6515 6C 9<7= ; C12 9=81C<>1>62 >6 :1A36C C1G<1CS 1C 6C 62:1C96 ; 6C >6C C1G<1CPJ *C ?C<:1J *296 7389= 62 1CH= :B2 23GF696768>6 :3?L= >6 C12 968>68?<12 >6 :=>1@ C12 ?31C62 ?1:G<18 ?=8291896:6896J *8 H68651C@ 26 736>6 >6?<5 A36 26 3218 :B2 ?=C=562 =2?35=2 68 38 ?C<:1 D5I= ; :B2 ?=C=562 :B2 G5=2J *C C15H= >6 C12 3412J .1:G6 C12 3412J #A3I 175=M6?L1:=2 7151 >1596 38 76A364= 9<7R C=2 9=8=2 ?C15=2 736>68 L1?65 A36 C1 341 26 M61 :B2 C15H1@ :<689512 A36 C=2 9=8=2 =2?35=2 736>68 L1?65 A36 26 M61 :B2 ?=591J .68<68>= 68 ?36891 9=>12 62912 ?=82<>651?<=862@ 7=>6:=2 71215 1 C1 71596 A36 :B2 8=2 <8965621R C1 17C6 38 712= :3; 268?1>=@ ?=:68K1>= 7=5 C1 G126 >6 C1 341 ; 23G<68>= L1?<1 1551GC6 17C=2 ?1712 >6 62:1C96@ ;1 A36 629= 1;3>1 1 5621C915 6C ?=C=5 ; 1 A36 6296 >356 :B2 9<6:7=J ,=5 2373629=@ 62 86?6215<= 6276515 38=2 :<839=2 18962 >6 17C1 ?171@ 7362 C1 75<:651 >6G6 62915 ?=:7C691:6896 26?1J f&<29=g #L=51 ;1 L12 965:<81>= >6 L1?65 C1 :186 9=>=@ 629B2 ?=:7C691:6896 7567151>1 O=P 7151 M=CM65 1 L1?65C1 68 ?31CA3<65 :=:689=J N< >62612 736>62 17C1MI1 1CH38=2 >691CC62 :B2 A36 7659686?68 1 38 8=J # ?=89<831?6 :18= 68 6C :38>= >6 C1 G6CC6K1J + 8= 62 7151 :68=2@ ;1 A36 G5<8>1 381 26821?6 C<:7<6K1 765D6?91 ; 1>6:B2 23 1?1G1>= 75=>3?6 38 6D6?9= 1C91:6896 ?171K >6 1C15H15 ; 56D<815 C=2 >6>=2@ 7=5 C= A36 5623C91 :3; 56?=:68>1GC6 7151 A3<6862 9<6868 C12 :18=2 ; >6>=2 76A364=2 = 18?L=2J ,=5 =95= C1>=@ C1 :18=S 736>6 268915C6 G<68 1 381 8=M<1@ 12I ?=:= 91:G6 D<6291J ,=5 2373629=@ ?=:G<81 :3; G<68 ?=8 ?12< ?31CA3<65 9<7= >6 :1A312 C12 C6??<=862 18965<=5:6896 :68?<=81>12 O>62>6 6C <8<5 C= 2
,3C<5 ; 17C6 3412J #A3I@ G1291 A36 96 ?=8?689562 68 ?1:G<15 6C 9=8= >6 C1 G126 >6 3412J ,151 C1 :186G62 3215 2<6:756 381 G126 >6 9=8= 5=2B?6=J -691CC6 ?151?965I296 C1 :18<276821GC6 >6 L1?65J &1 D518F1 GC18?1 26 >6 C1 341@ >6 :=>= A36 G=5>66 ; 9176 C1 7=5?6 341 A36 2=G5621C6 >6C >6>=J N<8 >3>1@ 26 95191 >6 38= >6 C=2 712=2 :B2 >6C=2@ ;1 A36 62 86?6215<= 96865 :3?L1 756?<2= 6Y<296 C1 =7?6 3215 76H19<812 = ?6C=2 O:3; DB?6 ?=826H3<5 68 C1 9<68>12 >6 G6CC6K1 ; ?=2:X96 >1GC6 62 3215 2<6:756 C1 =7?6?<5@ 6C >1J $= 96 756=?3762 2< 68 38 75<:65 :=:689= 8= 96 21C6 G<68@ 75B?96 38 62:1C96 >6 ?=C=5 GC18?= OC=2 M68>68 6276?<1C:6896 7151 :18=562 :3; >6CH1>=2 A36 D1?1 >6>=@ >6 :=>= A36 68?3689562 381 G126 D<5:6 7151 L1?65 C1 17C196 ?=8 6C >6>= :646 C1 =951@ 91C ?=:= 26 M6 68 C1 <:1H68J %81 M6K A36 L1;12 965:<81>= ?=8 9=>12 C12 3412@ >6G68 A36>15 12I O= 2<:6C 62:1C96J d<81C:6896@ C= Q86 9=8= 7=5?6C181@ 9512CQ?<>=J -6G62 17C6 C12 D518F12 GC18?12 A36 L12 >=J *8 6296 ?12= 91:G62 17C=2 ?1712J
f+ 62= 62 9=>=g #L=51 ;1 21G62 ?E:= L1?65 381 :18
&1 :18<264= 629B 968<68>= ?1>1 M6K :B2 >6:18>1 68 6C :38>= >6 C1 G6CC6K1J
"6 7652=812 1?3>68 1 21C=862 6276?<1C=2 G32?18>= A3<68 736>1 >15C6 1 232 3412 626 9=A36 >=J ,=5 2373629=@ 6Y<2968 ;1 <8D<8<>1> >6 ><264=2 7151 17C62>6 C=2 :B2 2<:7C62@ ?=:= 381 DC=5@ L1291 C=2 :B2 ?=:7C6F=2@ ?=:= C12 C69512 ?L<812J *29=2 26 561C6 1?365>= 1C H329= >6 ?1>1 7652=81 ; 736>68 >6768>65 91:G6C C15H= = 18?L= >6 C1 341J &= 75<:65= A36 9686:=2 A36 L1?65 62 75=M6658=2 >6 :=>6C=2 >6 ><264=J N=8 :3; DB?6 ?=826H3<5 68 C12 9<68>12 6276?<1C12 68 75=>3?9=2 7151 :18158=2 <>612 ?=:= 7151 H3<158=2 1C :=:689= >6 561C<264=J #A3I 96 >156:=2 38 6F6:7C= >6 ?E:= 26 L1?6 38 ><264= 268?6 A36>15 G<68 ?12< 68 ?31CA3<65 =?12<264= 26 56A3<656@ 75<:65= A36 81>1@ 96865 :3?L1 756?<26 7<8?6C62 >6?=5196CH1>=2 O91:G6 3G12 6276?<1C12 68 75=>3?9=2 >6 :18 68 C=2 >691CC62 2=8 :3; Q96 81518F= = :=8>1><68962J *8 C1 :=>6C= 26 17C<264= >6 DC=562 76A36412J N6 ?=:68KE >= C=2 7389=2 O6C ?6895= >6 C12 76A36412 DC=562P ?=8 62:1C96 7C1961>= G5= C=2 56276?91 341@ 26 627651 38 :=:689= 1 A36 26A36 6C 62:1C96 ; C36H= 26 75=?6>6 1 >6 C1 DC=5 1C56>6>=5 >6 ?1>1 7389=J (=:= 6296 712= 56A3<656 :B2 756?<26D<86 C1 73891 >6 381 71C<9= >6 81518F=J *8 6296 ?12=@ 736>62 3215 C1 341 ?=:= V71C691W@ 62 >6?<5@ 736>62 >67=2<915 68 6CC1 381 76A3641 7=5?6C 62:1C96 A36 3215B2 ; >6 1LI :<2:= <5 21?18>= ?=8 C1 73891 >6C 71C<9= >6 81518F= C1 ?189<>1> 6Y1?91 A36 86?62<912J #2I@ 26 951G1F1 ?1>1 381 >6 C=2 3412 ?=8 ?3<>1>= ; >6C6K1 ;@ 2=G56 9=>=@ ?=8 :3?L= 1596J *2 6268?<1C L1?65 6296 9<7= >6 951G1F= ?=8 ?1C:1 ; 71?<68?<1S 736>6 5623C915 :3; ?=895175=>3?6896 7151 6C 1?1G= 561C= 26 629B ?=8951 6C 9<6:7=J -6 :186 756:351J (=8 6C 9<6:7= ; C1 75B?96 561C<264=2 ?1>1 M6K :B2 5B7<>=J *296 62 6C 9<7= >6 1?1G1>= A36 >6G6 C=H51526 1C D<81C6 :18<264=J
d<81C:6896@ L6:=2 CC6H1>= 1C QC9<:= 712= A36 >6G6:=2 >15 7151 1?1G15 ?=8 C1 2626 :186C G56 17C6?<5R -6273X2 >6 C1 17C6C 62:1C96 O2< 8= 26 M1 L1?65 8<8HQ8 569=A36 7=2965<=5PJ -6273X2 >6 C1 17C6C 62:1C96 7=5?6C181 >6 C1 :186 561C<264=J *8 9=>=2 C=2 ?12=2 62 86?6215<= >6F15 71215 38=2 :<839=2 ; C36H= 17C1 :1;=5 C3:<8=2<>1> 1 C1 341 ; 1?6C651 6C 9<6:7= >6 26?1>= >6C 62:1C96 O68956 T ; ] :<839=2@ >6768><68>= >6 C1 :15?1 A36 26 L1;1 6C6H<>=PJ .1:G=5@ 68>356?<68>= ; D=591C6?<68>= C12 3412J #C 6 C1 G126 7151 3412 ; 6C 62:1C96@ 26 >6G6 17C62>6 C1 G126 L1?<1 1551 341J f&<29=g j6:=2 >1>= 6C QC9<:= 712= A36 26 86?62<91G1 7151 96865 3812 3412 765D6?912J #L=51 ;1 21G62 ?3BC62 2=8 9=>=2 C=2 712=2 A36 9<6862 A36 >15 7151 C=H515 L1?65 381 :186 D=5:1 <:76?1GC6 ; 75=D62<=81CJ &= Q81 768><6896 62 >15C6 6C 9=A36 D<81C 1 83629512 :18=2J m(E:=n i656:=2 629= 1 ?=89<831,=5 2373629=@ >6 81>1 265M<5B 96865 C12 3412 <8?56IGC6:6896 1556HC1>12 2< C1 7<6C >6 C12 :18=2 629B B27651@ 5626?1 ; =71?1J ,=5 62=@ 62 <:7=591896 G5<8>15C6 L<>5191?6C ?3<>1>= >6 C1 7<6C >6 C12 :18=2@ ; 7151 6CC= 81>1 :6F=5 A36 68H56I5C12 ?=8 381 G3681 ?56:1 L<>5191896J #?931C:6896 6Y<2968 :3?L=2 9<7=2 >6 ?56:1 L<>5191896@ 765= C= :B2 56?=:68>1GC6 62 3215 C12 >6 96Y9351 C6 DB?5191896 1 3215 7=261 ?=:7=868962 A36 C1 6851>62 ?1C:18962 ; ?3>1@ 6C 96:1 >6 C1 D=5:1 >6 17C156:=2 1 ?=89<831?6 :3?L1 391>J&1 :6F=5 D=5:1 >6 6Y968>65 C1 ?56:1 L<>5191896 7=5 9=>1 C1 7<6C >6 C12 :18=2 62 17C= 38 231M6 :121F6@ 6C ?31C >6G65B D<81C= 6C 75=>3?9= L1;1 2<>= ?=:7C691:6896 1G2=5G<>=J m(E:= L1?65 6C :121F6 >6 17C
*8 75<:65 C3H15@ >6G6:=2 6276515 1 A36 6C 62:1C96 ; C=2 >6:B2 75=>3?9=2 17C=2 68 C12 3412 L1;18 26?1>= ?=556?91:6896J &36H=@ 26 >6G6 17C5191896 ; 6:76K15 1 6Y718><5C1 231M6:6896S 6C :121F6 >6G6 6:76K15 1 C1 1C9351 >6 C1 :346?1 ; 23G<5 L1291 C12 738912 >6 C=2 >6>=2J %9=2 :18=2@ 91C ?=:= 26 1756?<1 68 C1 <:1H68J #26HQ5196 >6 17C5191896 91:G6>=2R f+ 62= 62 9=>=g #L=51 2I ;1 7=>6:=2 L1GC15 >6 3812 :18=2 765D6?912@ >=8>6 C12 3412 629B8 ?=:7C691:6896 21C3>1GC62 ; 1556HC1>12 ; C1 7<6C 26 68?368951 765D6?91:6896 L<>5191>1J fd6C= 6296 ?352= >6 :181 O=P 7151 561C6C ?3<>1>= >6 C12 :18=2J (=:= L12 7=><>= M65@ 6Y<2968 ><29<8912 =7?<=862 7151 561C6 :186 C12 :B2 <:7=5918962R C1 2626 :186 :186 :18<264=J *Y<296 =95= 9<7= >6 :183?9=2 ; 6A3<7=2 1CH= :B2 6276?<1C=2R C1 :181 ?=:= :186 :18= 7=5 C12 7652=812 A36@ 7=5 38= 3 =95= :=912 = 7=5 1A36CC12 A36 2<:7C6:6896 A3<6568 68H56I526 = 62915 ?=8 C12 :18=2 51><18962 7151 38 >I1 6276?<1CJ &1 :181 1 56:=M65 75=D38>1:6896 C12 ?39I?3C12 ; 6YD=C<1 C12 ?XC3C12 :365912@ 1;3>18>= 1 1?93?6 C1 :18= 68 >351896 TU :<839=2P L1291 A36 26 D=5:6 381 6276?<6 >6 :12?151 C1 :12?155B 381 L<>5191?3>1@ 26 95191 >6 38 9<7= >6 75=?6><:<689= A36 56A3<656 38 ?=8=?<:<689= ?=:7C69= >6 9=>=2 C=2 :1965<1C62 ; 712=2 86?6215<=2 7151 CC6M15 1 ?1G= ?=556?91:6896 381 2626 6291 819351C6K1J j1 2<>= 38 7C1?65 H3<1596 >351896 6296 ?352=J f$=2 M6:=2 75=89=g
