Monday, June 24, 2013

Is a two-track Europe already here?

European leaders have long rejected the idea that the EU is developing into a region of haves and have-nots. But a look at the news today suggests it's happening just the same.

By Sara Miller Llana,?Staff writer / June 13, 2013

Protesters shout slogans during a rally outside the Greek state television ERT headquarters during a 24-hour general strike in Athens, on Thursday, June 13, 2013. Greece's fragile governing coalition failed to reach a compromise Wednesday about the closure of the state-run ERT broadcaster.

Kostas Tsironis/AP

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The question of a two-track Europe, or one that becomes a union of insiders and outsiders, of winners and losers, has loomed as the continent struggles out of its debt crisis.

Skip to next paragraph Sara Miller Llana

Europe Bureau Chief

Sara Miller Llana?moved to Paris in April 2013 to become the Monitor's Europe Bureau?Chief. Previously she was the?paper's?Latin America Bureau Chief, based in Mexico City, from 2006 to 2013.

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The notion has been rejected by a host of European leaders and thinkers. But this week?s news in Europe already shows how well underway it already is.

Take the Europe page of the BBC?s website this morning.

One photo featured Greeks congregating for a strike, after their state broadcaster was unexpectedly shut down in a cost-savings measure. Another captured Germans congregating, but this time it is dignitaries in Berlin inaugurating the reconstruction of King Frederick the Great?s palace.

Greeks were caught off-guard after their public broadcaster ERT went black around midnight on Tuesday. The new anchor?s last words: ?The riot police are moving toward the transmitters to switch them off.... This is official information we have.?

The move is the first of a series of planned closures this year in Greek institutions to reduce national debt and secure bailout funds from the EU.

ERT was founded in 1938 with an educational, non-commercial mission, writes our correspondent in Athens. For many rural Greeks, it?s the only channel they can access.? But Prime Minister Antonis Samaras called ERT "the symbol of waste and lack of transparency.?

On the same day that Greeks woke up to find their state channel black, Germany?s President Joachim Gauck laid the first stone for the reconstruction project of what was once, as the BBC puts it, one of the world?s grandest buildings.

The rebuilding of King Frederick the Great's palace, which housed the kings of Prussia from 1701, will cost about 600 million euros funded largely by taxpayer money.

The fa?ade of the opulent building, some of which dated to the 15th century, will be recreated, while inside the modern remake will preserve Germany?s cultural identity with pieces of art and other historic gems.

The building was damaged in World War II and then completely dynamited in 1950 by communists, who then rebuilt the Palace of the Republic.

The diverging fates of the continent have dismayed some. Greeks have angrily compared the rise of Germany today to the imbalances that grew in the 1930s. Many consider that unfair and historically wrong.

But as Germany is able in a positive way to recapture lost history from the 20th century, what Greeks are experiencing now is a more unfortunate echo of that era, at least in one way: It's the first time ERT has been off the air since World War II, points out the AP.

When Nazi troops marched into Greece's nearly deserted capital on April 27, 1941, radio announcer Costas Stavropoulos of the Hellenic Broadcasting Corp. announced the grim news. He urged his countrymen and women not to listen to future Nazi radio transmissions and signed off with the Greek national anthem. It was the only time the state broadcaster ? also known as ERT ? had ceased to operate from its birth three years earlier. That is, until Tuesday, when Prime Minister Antonis Samaras' government shut ERT down and fired its 2,500 employees to prove to Greece's international lenders that he was serious about cutting the country's bloated public sector. Its TV and radio signals went dead early Wednesday.

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/YxuIQjrveZU/Is-a-two-track-Europe-already-here

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Snowden not on flight to Cuba, whereabouts unclear

HAVANA (AP) ? Confusion over the whereabouts of National Security Agency leaker Edward Snowden grew on Monday after a jetliner flew from Moscow to Cuba with an empty seat booked in his name.

The founder of the WikiLeaks secret-spilling organization, Julian Assange, insisted he couldn't go into details about where Snowden was, but said he was safe.

Snowden has applied for asylum in Ecuador, Iceland and possibly other countries, Assange said.

An Aeroflot representative who wouldn't give her name told The Associated Press that Snowden wasn't on flight SU150 to Havana, which was filled with journalists trying to track him down. Two AP journalists on the flight confirmed after it arrived Monday evening in Havana that Snowden wasn't on the plane.

A member of the Aeroflot crew spoke briefly to reporters gathered outside Havana's Jose Marti International Airport, but would not give his name. "No special people on board," he said, smiling. "Only journalists."

Security around the aircraft was heavy prior to boarding in Moscow and guards tried to prevent the scrum of photographers and cameramen from taking pictures of the plane, heightening speculation that Snowden might have been secretly escorted on board.

But about two dozen journalists who made the flight had searched up and down the plane after boarding in a hunt for Snowden. One increasingly desperate Russian television reporter was briefly convinced that AP reporter Max Seddon might be the NSA leaker.

When it dawned on the journalists that Snowden wasn't there, they settled in for a long haul flight to Cuba for nothing. Some read, others chatted.

"A substantial percentage of people on board were journalists," Seddon said. "The flight would have been empty without us."

In Havana, Cuban officers also clamped down, forcing journalists waiting for the flight to arrive to move outside the airport building.

The Interfax news agency, which has extensive contacts with Russian security agencies, cited a source as saying Snowden could have flown out in a different plane unseen by journalists.

Others speculated Russian security agencies might want to keep Snowden in Russia for a more thorough debriefing.

Snowden had not been seen since he arrived in Moscow on Sunday from Hong Kong, where he was in hiding for several weeks to evade U.S. justice and left to dodge efforts to extradite him.

After spending a night in Moscow's Sheremetyevo Airport, he had been expected to fly to Cuba and Venezuela en route to possible asylum in Ecuador.

Interfax quoted an unidentified "well-informed source" in Moscow saying that Russia received a U.S. request to extradite Snowden and responded by saying it would consider that. But the same source said Russia could not detain and extradite Snowden since he hadn't technically crossed the Russian border.

Justice Department officials in Washington did not immediately respond to an email seeking comment.

Experts said it was likely that the Russians were questioning Snowden, interested in what he knew about U.S. electronic espionage against Moscow.

"If Russian special services hadn't shown interest in Snowden, they would have been utterly unprofessional," Igor Korotchenko, a former colonel in Russia's top military command turned security analyst, said on state Rossiya 24 television.

U.S. Secretary of State John Kerry said Monday it would be "deeply troubling" if Russia or Hong Kong had notice of Snowden's plans and that would affect their relations with the United States.

The controversy over Snowden could further hurt U.S.-Russian relations, already strained over arguments about Syria and a ban on U.S. adoptions of Russian children.

The Kremlin has previously said Russia would be ready to consider Snowden's request for asylum.

Aeroflot said earlier that Snowden had registered for the flight using his American passport, which the United States recently annulled.

Ecuadorean Foreign Minister Ricardo Patino said his government had received an asylum request, adding Monday that the decision "has to do with freedom of expression and with the security of citizens around the world."

Ecuador has rejected the United States' previous efforts at cooperation, and has been helping Assange avoid prosecution by allowing him to stay at its embassy in London.

But Assange's comments in a telephone conference with reporters that Snowden had applied in multiple places opened other possibilities of where he might try to go.

WikiLeaks has said that it is providing legal help to Snowden at his request and that he was being escorted by diplomats and legal advisers from the group.

Icelandic officials have confirmed receiving an informal request for asylum conveyed by WikiLeaks, which has strong links to the tiny North Atlantic nation. But authorities there have insisted that Snowden must be on Icelandic soil before lodging a formal request.

Snowden gave documents to The Guardian and The Washington Post newspapers disclosing U.S. surveillance programs that collect vast amounts of phone records and online data in the name of foreign intelligence, often sweeping up information on American citizens.

Officials have the ability to collect phone and Internet information broadly but need a warrant to examine specific cases where they believe terrorism is involved.

Snowden had been in hiding for several weeks in Hong Kong, a former British colony with a high degree of autonomy from mainland China.

The United States formally sought Snowden's extradition from Hong Kong to face espionage charges but was rebuffed; Hong Kong officials said the U.S. request did not fully comply with their laws.

The Justice Department rejected that claim, saying its request met all of the requirements of the extradition treaty between the U.S. and Hong Kong.

As for Russia, Caitlin Hayden, a spokeswoman for the National Security Council, said, "Given our intensified cooperation after the Boston marathon bombings and our history of working with Russia on law enforcement matters ? including returning numerous high-level criminals back to Russia at the request of the Russian government ? we expect the Russian government to look at all options available to expel Mr. Snowden back to the U.S. to face justice for the crimes with which he is charged."

Still, the United States is likely to have problems interrupting Snowden's passage. The United States does not have an extradition treaty with Russia, but does with Cuba, Venezuela and Ecuador. Even with an extradition agreement though, any country could give Snowden a political exemption.

It also wasn't clear Snowden was finished disclosing highly classified information.

Snowden has perhaps more than 200 sensitive documents, Sen. Dianne Feinstein, chairwoman of the Senate Intelligence Committee, said on CBS' "Face the Nation."

___

Associated Press White House Correspondent Julie Pace and AP writers Philip Elliott, Matthew Lee and Frederic J. Frommer in Washington, Lynn Berry and Vladimir Isachenkov in Moscow, Kevin Chan in Hong Kong, Sylvia Hui in London and Paul Haven and Andrea Rodriguez in Havana contributed to this report.

Source: http://news.yahoo.com/snowden-not-flight-cuba-whereabouts-unclear-141749907.html

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Analysis: After the Fed shock, markets set for more turmoil

By Steven C. Johnson

NEW YORK (Reuters) - Fasten your seatbelts. And expect lots of turbulence.

If that was the message Ben Bernanke was trying to deliver when he said the Federal Reserve could soon start scaling back its massive stimulus program for the U.S. economy, it's safe to say investors received it loud and clear.

In fact, the sell-off in stocks, bonds and commodities that rippled around the globe after Bernanke's remarks looks to some like the dawn of a new period of volatile, disorderly trade - a stark change from the calm that prevailed since the Fed began its most recent bond-buying program last autumn.

"When market regimes shift, they rarely do so in an orderly fashion - look at equity prices collapsing at the end of the dot-com bubble or the height of the financial crisis," said Stephen Sachs, head of capital markets at exchange-traded fund issuer ProShares in Bethesda, Maryland. "It usually gets violent. We're going to face that in interest rates now."

Indeed, the bond market is at the epicenter of the financial market earthquake that Bernanke unleashed. Benchmark yields, which Fed easing had driven to record lows, surged to near two-year highs and are expected to keep climbing as traders come to grips with the prospect of the Fed ending bond purchases by mid-2014.

The aftershocks have rattled markets from Tokyo to Sao Paulo, and assets that had been top performers plunged. U.S. credit markets were hammered, with the gap between junk bond yields and Treasuries hitting their widest so far this year, while global equity markets lost $1 trillion on Thursday alone.

The brute force of the decline caught some by surprise, since Bernanke warned in late May that the Fed could slow its bond buying later this year. Even so, watching long-term interest rates rise 0.4 percentage points for the week - the biggest move in more than 10 years - after trading for months near record lows was a wake-up call.

"People live in denial all the time," said Kim Forrest, senior equity research analyst at investment management firm Fort Pitt Capital in Pittsburgh. "The thinking part of people's brains understood that rates would have to go up sometime. But they weren't ready to be told that reality starts now."

That goes for companies who now face higher funding costs and investors who had borrowed money cheaply to trade.

Investors had been funding trades in riskier markets by borrowing in the stable, low-interest-rate U.S. debt market. But the cost to borrow rises with higher rates and with increased volatility - both of which appear to be here to stay, at least for now.

Dan Fuss, vice chairman of investment management firm Loomis Sayles & Co, which manages $191 billion in funds, said: "Leverage is coming out of the market. These market moves reflect that, but when you get sharp moves like this a lot of people get nervous. That can contribute to more selling."

Bond investors hoping to play "follow the Fed" forever face an even more frightening reality. As Zane Brown, a fixed income strategist at asset manager Lord Abbett & Co noted, a return to a more normal level of interest rates would result in a zero total return over the next five years for investors benchmarked to the popular Barclays U.S. Aggregate Bond Index.

Investors pulled $15.1 billion out of taxable bond funds in the first three weeks of June, according to Lipper, a Thomson Reuters service. That is the biggest three-week outflow from the funds since October 2008, at the height of the financial crisis.

"HYPER-SENSITIVE"

All of this has left traders and investors scrambling to protect themselves in anticipation of a volatile summer.

Trading in interest-rate futures contracts spiked to a record in late May when Bernanke first broached the subject of winding down stimulus. It soared again this week, when some 12.8 million contracts changed hands on Thursday, according to CME Group, well above May's daily average of 7.9 million.

Volume in S&P 500 index options rose to 2.3 million contracts on Thursday, a new one-day record, while overall options volume of 33.3 million contracts made it the busiest day since August 9, 2011, four days after Standard & Poor's stripped the United States of its top credit rating.

Since Bernanke has insisted that winding down bond purchases depends on continued economic improvement, traders now have to assume nearly every economic data release will have the potential to whipsaw financial markets.

"Across the board, we have seen people paying up for insurance in the options market," said J.J. Kinahan, chief strategist at online brokerage firm TD Ameritrade. "The market is going to be hyper-sensitive to anything that the Fed says, and the three major reports on employment, retail sales and housing will continue to dominate the eyes of the market."

The CBOE Volatility Index, a gauge of anxiety on Wall Street, jumped 23 percent on Thursday to 20.49, the first time this year it has exceeded 20, an often-used dividing line between calm and stressed markets. It closed at 18.90 on Friday.

Signs of concern about high-flying assets like emerging markets can be seen in the options market, where more than 1.35 million contracts in the iShares MSCI Emerging Markets exchange-traded fund traded on Thursday - 82 percent of which were put options, generally used to protect against losses.

The Merrill Lynch MOVE Index, a measure of expected volatility in the U.S. Treasury market, rose to 103.7 on Friday; that index sat at 50 in early May, a multi-year low.

The uncertainty the Fed has sowed by telling markets they are on their own means the days of almost uninterrupted gains that have prevailed since late last year are over. And that brings problems of its own for investors and the market.

For one thing, violent price swings make investors more vulnerable to big losses, prompting them to sell assets simply to reduce their value-at-risk (VaR) levels, a statistical method for quantifying portfolio risk over a given period of time.

Rack up enough of these forced liquidations and it is not hard to see how a sell-off in one market can spread quickly to other assets and other parts of the world.

Bob Lynch, head of G10 FX strategy at HSBC, said this was a factor driving the bond and equity sell-off in late May "and could be an important input driving financial assets lower in the current environment."

"It is too early to tell if the market reaction to the Fed is just noise or the beginning of a greater sell-off in U.S. equities," said Mike Tosaw, portfolio manager at RCM Wealth Advisors, an investment advisory firm in Chicago.

"Over the course of the last month, we have been taking money off the table in the stock market and keeping the cash for the time being. Early next week, we plan to evaluate if this is a buying opportunity in stocks or if we need to run for the hills."

(Additional reporting by Doris Frankel in Chicago and Gertrude Chavez-Dreyfuss, Jonathan Spicer and Herbert Lash in New York; Editing by Martin Howell and Tim Dobbyn)

Source: http://news.yahoo.com/analysis-fed-shock-markets-set-more-turmoil-120416046.html

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How the Xbox One Got Worse, What's Wrong With iOS 7 Icons, and More

How the Xbox One Got Worse, What's Wrong With iOS 7 Icons, and More

Microsoft pulled a huge U-turn this week by pulling all it's DRM, and we're just itching to tell you why that's horrible. While we're at it, we've got a first look at OSX Mavericks, a lesson on what's wrong with the iOS 7 icons, billion-year-old drinking water, a new subatomic particle, and a smartphone tripod that will blow you away. Dig in!

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Source: http://feeds.gawker.com/~r/gizmodo/full/~3/6bwtNO8lvRk/how-the-xbox-one-got-worse-whats-wrong-with-ios-7-ico-535335444

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Sunday, June 23, 2013

Death at Albania polling station

TIRANA, Albania (AP) ? One person died and two were injured Sunday in an exchange of gunfire close to a polling station in Albania, police said, as the country held crucial elections already marred by a dispute that could leave the result up in the air and the country without a government.

Both Conservative Prime Minister Sali Berisha and his close rival, Socialist leader Edi Rama, have hopes for eventual entry to the European Union, but the bloc has expressed concern over whether the country can manage to run fair and free elections.

Once one of the world's hardest-line communist countries, the impoverished country has had a rocky road to democracy, plagued by corruption and with past elections marred by violence and vote-rigging.

Police spokesman Tefik Sulejmani said that Gjon Gjoni, 53, died after being shot in an exchange of fire with Mhill Fufi, 49, a candidate for Berisha's governing Democratic Party, in the town of Lac, about 37 miles (60 kilometers) northwest of the capital Tirana. Fufi and another person were injured.

Sulejmani said the shooting started with an argument, but gave few other details. Rama postponed voting to head to Lac.

Some 3.3 million registered voters are eligible to cast their ballots in the eighth national polls since the fall of communism in 1990. Because of a battle over the country's election commission, it is uncertain when results will be announced, though the law mandates they be revealed no later than three days after the vote.

Berisha invited all Albanians to take part in the vote and turn Sunday "into a day of festivities and good understanding."

"I assure you that your vote will be fully respected," Berisha told reporters after casting his ballot.

The premier declined to comment on the killing, saying he needed more information first.

Following aggressive campaigns by both Berisha's Democrats and the Socialists, streets in the capital of Tirana were uncommonly empty, but had long queues of people at polling stations.

The country's seven-member election commission, which prepares and holds votes, is down by three people, meaning it may be unable to certify the election. If the election is not certified, it means Parliament cannot be convened and no government formed.

In April, one of Berisha's main government allies withdrew from the coalition to join forces with the opposition. He was then ousted and replaced at the election commission by Berisha's Democrats. That move drew sharp criticism from the United States and the EU, who said it would erode people's confidence in the electoral process.

Three members affiliated with the opposition withdrew in protest, leaving the commission short of the people necessary for 5-2 approval. They have said they would consider returning to the commission to certify the election once they see the results.

Albania joined NATO in 2009 but has failed to gain candidate status from the EU, which is pressing for broader democratic reforms and an improved election record.

Source: http://news.yahoo.com/death-albania-polling-station-084210861.html

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Saturday, June 22, 2013

Visting New York this summer?

Visting New York this summer? According to the dudes at Immaculate Infatuation, these are the places you should eat while you're here. The best part? There's an iBook you can download straight to your iPad or an abridged PDF version. Excuse me while I figure out where to get dinner tonight.

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Source: http://feeds.gawker.com/~r/gizmodo/full/~3/hnoWJEFW20A/visting-new-york-this-summer-according-to-the-dudes-at-534277880

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How To Find The Right Teacher In Martial Arts | Content for Reprint

Author: Andrew Toth | Total views: 51 Comments: 0
Word Count: 1050 Date:

It goes without saying that not all teachers (of any subject) are equal and that is probably multiplied to the nth degree in the martial arts which doesn't allow for standardization to quite the same degree as other subjects might. There are of course ongoing attempts at standardization and classification but the martial arts are still very much of a melting pot and one is often left wondering who is teaching what and where did it come from.

Enter the beginner?

Given this prodigious output of styles and teachers, how is a beginner, who knows virtually nothing about the martial arts?how is such a person to find the right teacher?

And is that the right question?

Maybe there is no "right" teacher. Maybe the right teacher for me is not the right teacher for you.

So it can get a bit complicated?

But I'm getting ahead of myself here. Questions such as these simply do not arise for most people. They join their neighborhood club, pay their fees, get graded a few times, get a nice colored belt maybe even a trophy or two, tell their friends they are a brown belt in such and such a style and?that is all they want. And I'm not here to argue with that, but?

If you're real serious, if martial arts is your reason for living, you will need to find the Right Teacher and that means that you will have to do some serious searching. Both internally and externally.

Why?

Because the Right Teacher will not appear miraculously on the horizon when you first decide to be the next Bruce Lee. And so, almost by default, beginners tends to think of their first teacher as THE RIGHT TEACHER! Which is understandable because they don't know any better. They have nothing to compare their first teacher to, so the first teacher is THE BEST. The beginner is totally convinced of that.

However, as time moves on the beginner may begin to experience some disquiet. Some things don't add up. The first teacher may be a bit overweight, or not as fit as he could be. Maybe he doesn't answer questions satisfactorily?but hey! nobody's perfect and all things considered the first teacher is still The Best, and that's all there is to it, right? Nonetheless there is talk...there is talk of another teacher down the road who is (blasphemy!) even better. The beginner puts all those preposterous notions aside of course, but...

There are now some cracks in the facade.

Not fatal, but it is through these cracks that the doubts seep in.

That, at least, is what happened to me. I was absolutely convinced that my first teacher was the best, but?I checked out the new teacher down the road (no harm in that, is there?). Then I joined up and started the cycle all over again. And then again and again and again?

I tried judo, ju-jutsu, Hsing-i, Pa-kua, Tai chi, Shaolin and a number of other styles the names of which I now forget. Nothing changed. The teachers were all promising to begin with and, truth be told, they were all quite capable in their own way and I learned a lot from each and every one of them but they were only technicians. They knew the techniques, and that is all they knew. And I wanted more, so I moved on. Just what I wanted I was still not sure of?

An astute reader will now see the obvious. One's Search, one's Quest, is part of one's over-all Training. A very important part. Why?

Because it is all part of a learning curve. You are learning not only new techniques but you are learning something infinitely more important: the Art of Discernment! The Art of separating the wheat from the chaff. The Art of separating the Real from the False?

And yes, it is also the Art of recognizing the Real Teacher when he or she finally appears.

You see, that is the secret. Finding the right teacher is only the half of it. Recognizing them to be such is by far the more difficult and important half.

Let me ask you a question: how often does a student find the right teacher and continue to walk on by and not know the difference?

It happens more often than you might think! I've seen it again and again and again!

The thing to bear in mind is that the Right Teacher may not be (and usually isn't) the Hollywood stereotype. The Right Teacher may be an unassuming little fellow who runs a little corner store, is disarmingly self-effacing and has maybe one or two students who are equally unimpressive. In short this is not really the sort of person who matches your mental image of a deadly warrior. Or he may be crude and rude and obnoxious. And (blasphemy again!) he may not have your best interests at heart!

In other words, not all Masters fit the Hollywood mold! You really do have to keep your wits about you on this because the Right Teacher will confound your expectations nearly every time!

The "secret" then is to keep training, keep looking and to develop the Power of Discernment so that you can see below superficial appearances. (This will stand you in good stead not only in your search for a teacher and but also when you are in a fight!)

There is a saying that when the student is ready, the Teacher will appear. And that will happen when the student has developed a keen sense of discernment.*

*Author's note: by discernment I do not mean cynicism. The "been there, done that" attitude will not help you find a Teacher and if perchance you do, that Teacher will not be interested in teaching you. Real discernment has a quality of humility: you don't know the answer, you don't even know if there is an answer, but you will not stop searching.

Andrew Toth is the author of the book, Shaolin Temple Kung Fu, which is arguably the most advanced book available on the subject of martial arts. It is a must for anyone who is serious about this subject. You can read it HERE

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5: Motorcycle History - The Honda CBR600 Series

The Honda CBR600 series has been touted as one of the best sport motorcycles in the industry. In fact, the Honda CBR600RR (the race replica version of Honda's CBRFx series motorcycles) has won every Supersport World Championship title from 2002 to 2008. But how did it all start? Here is a brief history of the Honda CBR600 series and how it has evolved throughout the years.

Source: http://www.content4reprint.com/recreation-and-leisure/sports/how-to-find-the-right-teacher-in-martial-arts.htm

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