Preview only show first 10 pages with watermark. For full document please download

Articles Two Steps Forward, One Step Back: The 2010 Report By The

   EMBED


Share

Transcript

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e -*,3'%! -*'9%&! /1''%)! -+'1)*+,! d! *,! )$%! /1-*,%--! (,4! $12(,! &*3$)-! 4+2(*,8R ! #$*-! (&)*5'%! 7+''+0-! )$%! (&312%,)! )$()! 5+&.+&()*+,-! $(9%! -1/-)(,)*9%! $12(,! &*3$)-! +/'*3()*+,-! (,4! &%-.+,-*/*'*)6! )+! +/-%&9%! $12(,! &*3$)-8! A-! (! 0(6! +7! .&+9*4*,3! (! /(5<3&+1,4! 7+&! )$%! 2(*,! .(&)! +7! )$*-! (&)*5'%=! -%5)*+,! M! /&*%7'6! 4*-51--%-! G133*%Q-! 2(,4()%! (,4! $*-! BCC`! V! BCC@! G%.+&)-! )+! )$%! H,*)%4! I()*+,-! N12(,! G*3$)-! b+1,5*'8! J%5)*+,! b! 4%-5&*/%-! )$%! )$&%%! 2(*,! .*''(&-! +7! )$%! G133*%! 7&(2%0+&<8! #$*-! *-! 7+''+0%4! /6! (,! (,('6-*-! +7! )$%! BCDC! G%.+&)! *,! -%5)*+,!X8!#$%!+/S%5)*9%!*-!)+!%-)(/'*-$!0$%)$%&!)$*-!G%.+&)!5(,!/%!-(*4!)+!$(9%!5+,)&*/1)%4! )+!5'(&*76*,3!(,4!-%))*,3!)$%!-)(,4(&4!*,!)$%!7*%'4!+7!/1-*,%--!(,4!$12(,!&*3$)-8!! ! ! 5F)50%6E",B41) !!! ! 56(78$(9:(:2%0;( (!! A! ,12/%&! +7! ())%2.)-! )+! &%31'()%! 5+&.+&()%! (5)*9*)*%-! ,+)+&*+1-'6! 7(*'%4! ()! )$%! H,*)%4! I()*+,-!'%9%'!*,!)$%!D@fC-!(,4!D@gC-!0$%,!,+!5+,-%,-1-!0(-!&%(5$%4!+,!)$%!(4+.)*+,!+7!(! 5+4%! +7! 5+,415)! 7+&! )&(,-,()*+,('! 5+&.+&()*+,-8! ?,! De! A131-)! BCCe=! )$%! HI! J1/V D !J%%!F+$,!G133*%=!!3;-&$;;(+&<(=30+&(>-?8*;@(78$(AB24B-&?(5&*$%&+*-2&+4(C?$&<+=!DCD!#N]! AZ]GTbAI! F?HGIAY!?P! TI#]GIA#T?IAY!YAh=!gD@![BCCf\8! B ! F+$,! G133*%=! H,*)%4! I()*+,-=! K%,%&('! A--%2/'6=! N12(,! G*3$)-! b+1,5*'=! P+1&)%%,)$! -%--*+,=! A3%,4(! *)%2! e=!! E&+2+)*+,! (,4! .&+)%5)*+,! +7! (''! $12(,! &*3$)-=! 5*9*'=! .+'*)*5('=! %5+,+2*5=! -+5*('! (,4! 51')1&('! &*3$)-=! *,5'14*,3! )$%! &*3$)!)+!4%9%'+.2%,);!!G%.+&)!+7!)$%!J.%5*('!G%.&%-%,)()*9%!+7!)$%!J%5&%)(&6VK%,%&('!+,!)$%!*--1%!+7!$12(,!&*3$)-! (,4!)&(,-,()*+,('!5+&.+&()*+,-!(,4!+)$%&!/1-*,%--!%,)%&.&*-%-=!F+$,!G133*%=!M1-*,%--!(,4!N12(,!G*3$)-O!P1&)$%&! -)%.-! )+0(&4! )$%! +.%&()*+,('*:()*+,! +7! )$%! L.&+)%5)=! &%-.%5)! (,4! &%2%46R! 7&(2%0+&<=! (9(*'(/'%! ()O! $)).OiiD@g8DfC8ga8B@iG133*%V&%.+&)VBCDC8.47=![$%&%*,(7)%&!)$%!BCDC!&%.+&)\!['(-)!(55%--%4O!Df!I+9%2/%&!BCDC\8! e !5<8=!f8! DB``! !! K % & 2 ( , ! Y ( 0 ! F + 1 & ,! ( ' ! !!!!!!!jk+'8!DD!I+8!DD b+22*--*+,! +,! )$%! E&+2+)*+,! (,4! E&+)%5)*+,! +7! N12(,! G*3$)-! (..&+9%4! )$%! LI+&2-! +,! )$%! G%-.+,-*/*'*)*%-! +7! #&(,-,()*+,('! b+&.+&()*+,-! (,4! ?)$%&! M1-*,%--! %,)%&.&*-%-! 0*)$! &%3(&4! )+! N12(,! G*3$)-R! )+3%)$%&! 0*)$! (55+2.(,6*,3! b+22%,)(&6! (-! (! 4+512%,)! l -.%5*76*,3!)$%!$12(,!&*3$)-!+/'*3()*+,-!+7!5+&.+&()*+,-8 !#$%!HI!I+&2-!+77%&!$12(,!&*3$)-! &1'%-! (,4! .&*,5*.'%-! 7+&! 5+2.(,*%-! *,! (&%(-! &(,3*,3! 7&+2! *,)%&,()*+,('! 5&*2*,('! (,4! $12(,*)(&*(,!'(0=!5*9*'=!.+'*)*5('=!%5+,+2*5=!-+5*('=!(,4!51')1&('!&*3$)-=!(-!0%''!(-!5+,-12%&! a .&+)%5)*+,! (,4! %,9*&+,2%,)('! .&(5)*5%-8 ! #$%! HI! I+&2-! $(9%! /%%,! 4%-5&*/%4! /6! )$%*&! .&*,5*.('!(1)$+&!(-!(!L&%-)()%2%,)!(,4!5'(&*7*5()*+,!+7!)$%!%>*-)*,3!$12(,!&*3$)-!+/'*3()*+,-! ` +7! 5+&.+&()*+,-8R ! N+0%9%&=! )$%! HI! I+&2-! $(9%! ())&(5)%4! (! 3&%()! 4%('! +7! 5&*)*5*-2=! .%&$(.-! 1,0(&&(,)%4=! 7+&! )$%! .%&5%*9%4! '(53??-$( >$K2%*;( 2&( =30+&( >-?8*;( +&<( !3;-&$;;( ! G133*%!2(..%4!+1)=!5'(&*7*%4!(,4!&%-%(&5$%4!*,!$*-!7*&-)!)0+!G%.+&)-!)$%!71,4(2%,)('!'%3('! f (,4! .+'*56! *--1%-! +7! 5+&.+&()%! &%-.+,-*/*'*)6! (,4! (55+1,)(/*'*)68 ! #$%! G%.+&)-! *4%,)*7*%4! l ! ]b?J?b=! J1/Vb+22*--*+,! +,! )$%! E&+2+)*+,! (,4! E&+)%5)*+,! +7! N12(,! G*3$)-=! I+&2-! +,! )$%! G%-.+,-*/*'*)6! +7! #&(,-,()*+,('! b+&.+&()*+,-! (,4! ?)$%&! M1-*,%--! ],)%&.&*-%-! 0*)$! G%3(&4! )+! N12(,! G*3$)-=! H8I8! X+58! ]ibI8liJ1/8BiBCCeiDBiG%98B! [B`! A131-)! BCCe\8! ]b?J?b=! b+22*--*+,! +,! N12(,! G*3$)-=! G%-.+,-*/*'*)*%-! +7! #&(,-,()*+,('! b+&.+&()*+,-! (,4! G%'()%4! M1-*,%--! ],)%&.&*-%-! 0*)$! G%3(&4! )+! N12(,! G*3$)-=! H8I8! X+58! ]ibI8liX]biBCCliDD`![BC!A.&*'=!BCCl\8!#$%!b+22*--*+,=!*,!G%-+'1)*+,!BCCliDD`!+7!BC!A.&*'!BCCl=!%>.&%--%4!)$%! 9*%0!)$()=!0$*'%!)$%!I+&2-!5+,)(*,%4!c1-%71'!%'%2%,)-!(,4!*4%(-Q!7+&!*)-!5+,-*4%&()*+,=!(-!(!4&(7)!)$%!.&+.+-('!$(4! ,+!'%3('!-)(,4*,38! a ! J1&6(! X%9(=! 9:L;( =30+&( >-?8*;( :2%0;( M2%( 7%+&;&+*-2&+4( N2%K2%+*-2&;( +&<( O*8$%( !3;-&$;;( A&*$%K%-;$;@( ( C&( 50K$%M$P*(Q*$K(-&(*8$(>-?8*(R-%$P*-2&=!DC!TYJA!F?HGIAY!?P!TI#]GIA#T?IAY!AIX!b?ZEAGA#Tk]!YAh=!!l@l=!l@g![BCCl\8! ` !X(9*4!h%*--/&+4)=!Z(&*(!m&13%&=!:2%0;(2&(*8$(>$;K2&;-S-4-*-$;(2M(7%+&;&+*-2&+4(N2%K2%+*-2&;(+&<(O*8$%(!3;-&$;;( N2%K2%+*-2&;(+&<(O*8$%(!3;-&$;;(A&*$%K%-;$;(1-*8(>$?+%<(*2(=30+&(>-?8*;=!@f! AZ]GTbAI! F?HGIAY!?P! TI#]GIA#T?IAY! YAh=!@CD=!@DeV@Da=!@BD[BCCe\8!! f ! J%%! T,)%&*2! G%.+&)! +7! )$%! J.%5*('! G%.&%-%,)()*9%=! H8I8! X+512%,)! ]ibI8liBCC`i@f;! NGb=! M1-*,%--! (,4! N12(,! G*3$)-O! Z(..*,3! T,)%&,()*+,('! J)(,4(&4-! +7! G%-.+,-*/*'*)6! (,4! A55+1,)(/*'*)6! 7+&! b+&.+&()%! A5)-=! H8I8! X+58! AiNGbiliea! [D@! P%/&1(&6! BCCf\;! NGb=! J)()%! G%-.+,-*/*'*)*%-! )+! G%31'()%! (,4! A4S14*5()%! b+&.+&()%! A5)*9*)*%-! H,4%&! )$%! H,*)%4! I()*+,-! b+&%! N12(,! G*3$)-! #&%()*%-O! A,! ?9%&9*%0! +7! #&%()6! M+46! b+22%,)(&*%-=! H8I8! X+58! AiNGbilieaiA448D! [De! P%/&1(&6! BCCf\! [.&%.(&%4! /6! F+$,! G133*%\;! NGb=! b+&.+&()%! G%-.+,-*/*'*)6! 1,4%&! T,)%&,()*+,('! Y(0! (,4! T--1%-! *,! ]>)&()%&&*)+&*('! G%31'()*+,O! J122(&6! +7! Y%3('! h+&<-$+.-=! H8I8! X+58! AiNGbilieaiA448B![Da!P%/&1(&6!BCCf\![.&%.(&%4!/6!F+$,!G133*%\;!NGb=!N12(,!G*3$)-!E+'*5*%-!(,4!Z(,(3%2%,)! BCDC_!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!! #0+!J)%.-!P+&0(&4=!?,%!J)%.!M(5)1('! 7(5)+&-! *,! )$%! %9+'9*,3! /1-*,%--! (,4! $12(,! &*3$)-! &%'()*+,-$*.O! R*,-)*)1)*+,('! 7%()1&%-! +7! 3'+/('*:()*+,;! +9%&(''! .())%&,-! *,! (''%3%4! 5+&.+&()%! (/1-%-! (,4! )$%*&! 5+&&%'()%-;! (,4! )$%*&! 5$(&(5)%&*-)*5! -)&%,3)$-! (,4! 0%(<,%--%-! +7! %>*-)*,3! &%-.+,-%-! g %-)(/'*-$%4! )+! 4%('! 0*)$! $12(,! &*3$)-! 5$(''%,3%-8R ! Y(-)'6=! )$%! BCC`! G%.+&)! (&31%4! 7+&! (! .&*,5*.'%4! 7+&2! +7! .&(32()*-2! *,! )$%! .&+2+)*+,! (,4! .&+)%5)*+,! +7! $12(,! &*3$)-! (-! )$%6! @ &%'()%! )+! /1-*,%--8 ! T,! )$*-! 5+,)%>)=! )$%! BCCf! G%.+&)! 71&)$%&! *,9%-)*3()%4! -)(,4(&4-! +7! 5+&.+&()%! &%-.+,-*/*'*)6! (,4! (55+1,)(/*'*)6=! -)()%! &%-.+,-*/*'*)6! *,! &%31'()*,3! (,4! DC (4S14*5()*,3! 5+&.+&()%! (5)*9*)*%-! (,4! 5+&.+&()%! 5+2.'*5*)68 ! T,! )$%! BCCg! G%.+&)=! G133*%! .&+.+-%4!(!)$&%%V.*''(&!7&(2%0+&*-)! *,4%.%,4%,)'6! +7! +,%! (,+)$%&=! (,4! .&%9%,)()*9%! 2%(-1&%-! 4*77%&! 7&+2! &%2%4*('! +,%-8! u%)=! (''! (&%! *,)%,4%4! )+! /%! 21)1(''6! &%*,7+&5*,3! .(&)-! +7! (! 46,(2*5=!*,)%&(5)*9%!-6-)%2!)+!(49(,5%!)$%!%,S+62%,)! D` +7!$12(,!&*3$)-8 !! ! G133*%!(&31%-!)$()!)$%!7&(2%0+&=!b+,5%.)!E(.%&!+,!P(5*'*)()*,3!J.%5*7*5()*+,!+7!)$%!X1)6! )+! E&+)%5)=! ?'17%2*! A2(+;! G%9*%0! +7! )$%! &%.+&)! +7! )$%! J.%5*('! G%.&%-%,)()*9%! +7! )$%! J%5&%)(&6VK%,%&('! +,! )$%! *--1%! +7! $12(,! &*3$)-! (,4! #&(,-,()*+,('! 5+&.+&()*+,-! (,4! +)$%&! /1-*,%--! %,)%&.&*-%-=! E&+7%--+&! F+$,! G133*%! )+! )$%!H,*)%4!I()*+,-!N12(,!G*3$)-!b+1,5*'=!LE&+)%5)=!G%-.%5)!(,4!G%2%46O!(!P&(2%0+&VJ.%5*7*5()*+,V+7VX1)6V)+VE&+)%5)VDlVX%5VBCCf8.47! ['(-)!(55%--%4O!Df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g !F+$,!G133*%Q-!BCC`!G%.+&)=!.(&(8!gB8! D@ ! P+&! (! 4%)(*'%4! 4*-51--*+,! +,! )&*.(&)*)%! $12(,! &*3$)-! )6.+'+36! -%%=! A-/Sv&,! ]*4%=! G*3$)! )+! A4%W1()%! P++4! (-! (! N12(,! G*3$)=! N12(,! G*3$)-! J)146! J%&*%-! I+! D=! H,*)%4! I()*+,-! .1/'*5()*+,! [elVef=! J('%-! I+8! ]8g@8wTk8B\! [D@g@\;! ]*4%=!#$%!&*3$)!)+!(4%W1()%!7++4!(,4!)+!/%!7&%%!7&+2!$1,3%&!VV!H.4()%4!-)146!+,!)$%!&*3$)!)+!7++4=!-1/2*))%4!/6! Z&8! A-/Sv&,! ]*4%! *,! (55+&4(,5%! 0*)$! J1/Vb+22*--*+,! 4%5*-*+,! D@@giDC`=! HI! X+5! ]ibI8liJ1/8BiDB! [D@@@\;! Z(34('%,(!J%.1'9%4(=!#$%!I()1&%!+7!)$%!?/'*3()*+,-!1,4%&!)$%!T,)%&,()*+,('!b+9%,(,)!+,!]5+,+2*5=!J+5*('!(,4! b1')1&('!G*3$)-![T,)%&-%,)*(=!BCCe\8!J%%!('-+!T4(!]'*-(/%)$!m+5$=)R-P82*20-$;G(7%-P82*20-$;(2%(T+B$;(2M(R3*-$;X=!a! NHZAI! GTKN#J! YAh! G]kT]h=!gDVDCe![BCCa\8!!MGTKT#! b8A! #?]M]J=! #N]! GTKN#!#?! N]AY#N!AJ!A! NHZAI! GTKN#!TI! TI#]GIA#T?IAY! YAh! [D@@@\! eDBVeD`8! K8F8N8! 9(,! N++7=! )$?+4( :+*3%$( 2M( AP2&20-PG( Q2P-+4( +&<( N34*3%+4( >-?8*;@( C( >$S3**+4( 2M( Q20$( 7%+<-*-2&+4(Y-$1;=!-&!#N]!GTKN#!#?!P??X=!DC`VDCg![E8!A'-)+,!(,4!m8!#+2(x%9-<*!%4-8=!D@gl\8!ITb?YA!FyK]GJ=!b?GE?GA#]! NHZAI!GTKN#J!?MYTKA#T?IJ=!TI#]GJ]I#TA![BCCB\=!5$(.)%&!l!jN12(,!G*3$)-!?/'*3()*+,-!+7!b+&.+&()*+,-_8!!! BC !F+$,!G133*%Q-!BCDC!G%.+&)=(;3K%+!,+)%!B=!.(&(8!B8! BD !5<6=!.(&(8!Dg8! BB !5<8G!.(&(8!D@8! DBfC! !! K % & 2 ( , ! Y ( 0 ! F + 1 & ,! ( ' ! !!!!!!!jk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e &*3$)-!+7!+)$%&-8 !!T,!+)$%&!0+&4-=!*)!*-!(,!+/'*3()*+,!)+!4+!,+!$(&2!)+!)$%!$12(,!&*3$)-!+7! Bl +)$%&-8 ! ! G133*%! %>.'(*,-! )$()! L)$%! )%&2! c&%-.+,-*/*'*)6Q! )+! &%-.%5)=! &()$%&! )$(,! c41)6QR=! *,4*5()%-! L)$()! &%-.%5)*,3! &*3$)-! *-! ,+)! (,! +/'*3()*+,! )$()! 51&&%,)! *,)%&,()*+,('! $12(,! &*3$)-!'(0!3%,%&(''6!*2.+-%-!4*&%5)'6!+,!5+2.(,*%-=!(')$+13$!%'%2%,)-!2(6!/%!&%7'%5)%4!*,! Ba 4+2%-)*5! '(0-8R ! b+&.+&()%! +/'*3()*+,! )+! &%-.%5)! (..'*%-! )+! L)$%! %,)*&%! -.%5)&12! +7! B` *,)%&,()*+,(''6! &%5+3,*:%4! &*3$)-R =! $+0%9%&! L-+2%! &*3$)-! 0*''! /%! 2+&%! &%'%9(,)! )$(,! Bf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g /1-*,%--!.(&),%&-=!%,)*)*%-!*,!*)-!9('1%!5$(*,=!+)$%&!,+,VJ)()%!(5)+&-!(,4!J)()%!(3%,)-8R !! ! T)! 0+1'4! $(9%! /%%,! 2+&%! .%&-1(-*9%! (,4! *,)%&%-)*,3! *7! G133*%! $(4! ())%2.)%4! )+! *4%,)*76! B@ 0$%,!5+&.+&()*+,-!('-+!$(9%!+/'*3()*+,-!)+!.&+)%5)!(,4!71'7*''!$12(,!&*3$)-8 !#+!5'(*2!)$()! 5+&.+&()*+,-!$(9%!(!&%-.+,-*/*'*)6!)+!.&+)%5)!$12(,!&*3$)-!*-!,+)!5+,)&+9%&-*('8!N+0%9%&=!*,! )$*-! 5+,)%>)! $%! &%5+3,*:%-! )$()! L5+2.(,*%-! 2(6! 1,4%&)(<%! (44*)*+,('! $12(,! &*3$)-! Be !ITb?YA! FyK]GJ=! b?GE?GA#]! NHZAI! GTKN#J! ?MYTKA#T?IJ8! TI! J]AGbN!?P! Abb?HI#AMTYT#u! [BCCB\=! AIXG]h! bYAENAZ=! NHZAI! GTKN#J!?MYTKA#T?IJ!?P!I?IVJ#A#]!Ab#?GJ![BCC`\=!b$(.)%&!`!jb+&.+&()*+,-!(,4!N12(,!G*3$)-_8! Bl !5<6! Ba !5<8=!.(&(8!aa8! B` !5<6=!.(&(8!a@8! Bf !5<8!! Bg !5<8=!.(&(8!ag8!! 29 ITb?YA! FyK]GJ=! b?GE?GA#]! NHZAI! GTKN#J! ?MYTKA#T?IJ8! TI! J]AGbN! ?P! Abb?HI#AMTYT#u! [BCCB\=! A8! bYAENAZ=! NHZAI! GTKN#J!?MYTKA#T?IJ!?P!I?IVJ#A#]!Ab#?GJ![BCC`\=!-%%!;3K%+!,+)%!Be8! BCDC_!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!! #0+!J)%.-!P+&0(&4=!?,%!J)%.!M(5)%,4! /%6+,4! L4+! ,+)! $(&2R8! P+&! %>(2.'%=! G133*%! (&31%-! )$()! *,! )$%! 5(-%! +7! ,()1&('! 4*-(-)%&-! +&! 5()(-)&+.$%-! L)$%&%! 2(6! /%! 5+2.%''*,3! &%(-+,-! 7+&! (,6! -+5*('! (5)+&! 0*)$! 5(.(5*)6!)+!5+,)&*/1)%!)%2.+&(&*'6RU!(,4!L(5)*+,-!/6!-+2%!5+2.(,*%-!*,!5%&)(*,!-*)1()*+,-! eD 2(6! /%! /+)$! &%(-+,(/'%! (,4! 4%-*&(/'%8R ! N+0%9%&=! G133*%! 7*,4-! *)! )&+1/'*,3! )$()! L5+&.+&()%! $12(,! &*3$)-! &%-.+,-*/*'*)*%-! (-! (! 3%,%&('! &1'%! -$+1'4! /%! 4%)%&2*,%4! /6! eB 5+2.(,*%-Q! 5(.(5*)6=! 0$%)$%&! (/-+'1)%! +&! &%'()*9%! )+! J)()%-8R ! I+,%)$%'%--=! 7+&! G133*%! 5+&.+&()%!&%-.+,-*/*'*)6!)+!&%-.%5)!$12(,!&*3$)-!*-!)$%&%!L*,4%.%,4%,)'6!+7!J)()%-Q!41)*%-! ee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el 2(6! ,+)! 6%)! /%! 71''6! 4%7*,%48R ! X%-.*)%! )$*-=! 2(,6! 5+2.(,*%-! (&%! 7*,4*,3! L*)! 4*77*51')! )+! 3&(-.! )$()! )$%6! 5+1'4! /%! $%'4! &%-.+,-*/'%! 7+&! 5+,)&*/1)*,3! )+! $12(,! &*3$)-! (/1-%-! 5+22*))%4! /6! )$*&4! .(&)*%-=! -15$! (-! J)()%! +&! +)$%&! -%51&*)6! 7+&5%-=! 5+,,%5)%4! )+! )$%*&! ea +.%&()*+,-8R !T)!*-!)$%&%7+&%!&%W1*&%4!)$()!L*2.&+9%2%,)-!*,!5+2.(,*%-Q!*,)%&,('!5+,)&+'! e` (,4!+9%&-*3$)!-6-)%2-UR!(&%!2(4%8 !A,!(44*)*+,('!5+2.+,%,)!+7!5+&.+&()%!&%-.+,-*/*'*)6! *-! )$%! +/'*3()*+,! )+! 5+,415)! 41%! 4*'*3%,5%8! #$%! 41%! 4*'*3%,5%! .&+5%--! -$+1'4! /%! L+,3+*,3! ef (,4!46,(2*5R!(,4!)&(,-.(&%,)!(,4!(55%--*/'%8 !A''!*,!(''=!*)!-%%2-!)$()!G133*%U-!(&312%,)-! 5+1'4! $(9%! /%%,! -)&+,3%&! *7! $%! 0+1'4! 4%&*9%! 5+&.+&()%! &%-.+,-*/*'*)6! )+! &%-.%5)! 7&+2! ,()*+,('!'%3('!+&4%&-8! ! ! eC !5<8=!.(&(8`e8! eD !5<6!! eB !5<8=!.(&(8!`l8! ee !5<8=!.(&(8`a8! el !5<8=!.(&(8``8! ea !5<8=!.(&(8f`8! e` !5<8=!.(&(8fg8! ef !5<8=!.(&(8!gl8! DBfB! !! 5556(CPP$;;(*2(>$0$<-$;( K % & 2 ( , ! Y ( 0 ! F + 1 & ,! ( ' ! !!!!!!!jk+'8!DD!I+8!DD ! k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eg &%.&%-%,)()*+,! (,4! 5+''%5)*9%! /(&3(*,*,3! (&&(,3%2%,)-8R ! N+0%9%&=! )$+-%! 2%5$(,*-2-! (&%!+,'6! (!7%08! G133*%! -1/2*)-! )$()!)$%6!L-%&9%!(-! %(&'6!0(&,*,3! -6-)%2-R!(,4!.&+9*4%!(! 7+&12!7+&!5+2.'(*,)-!)+!L/%!(44&%--%4!(,4!&%2%4*()%4!4*&%5)'6=!)$%&%/6!.&%9%,)*,3!$(&2! e@ 7&+2! /%*,3! 5+2.+1,4%4! (,4! 3&*%9(,5%-! 7&+2! %-5('()*,38R ! T,)%&,('! 5+2.'(*,)! 2%5$(,*-2-! (&%! 1-1(''6!+&3(,*:%4!/6! (!5+&.+&()*+,!+&! )$%6!(&%!-%5)+&V0*4%8!!#$%! -%5+,4! 5()%3+&6! *,5'14%-! ,+,VS14*5*('! -)()%! 2%5$(,*-2-8! I()*+,('! $12(,! &*3$)-! *,-)*)1)*+,-! (&%! +,%!+7!)$%!%>(2.'%-!+7!-15$!*,-)*)1)*+,-=!$+0%9%&!)$%6!(&%!*,!2+-)!5(-%-!,+)!5+2.%)%,)!)+! $%(&!*,4*9*41('!5+2.'(*,)-8!#$%&%7+&%=!G133*%!(&31%-!)$()!L3+9%&,2%,)-!-$+1'4!&%5+,-*4%&! lC )$*-! '*2*)()*+,! (-! +,%! *2.+&)(,)! -)%.! )+0(&4-! %,$(,5*,3! (55%--! )+! %77%5)*9%! &%2%468R ! I()*+,('! $12(,!&*3$)-! *,-)*)1)*+,-!(&%!*2.+&)(,)!2%5$(,*-2-=! $+0%9%&! L,%*)$%&!%>*-)-! *,! (''! J)()%-=! (,4! )$%6! &(&%'6! *7! %9%&! .&+9*4%! 71''! 5+9%&(3%! +7! /1-*,%--V&%'()%4! $12(,! &*3$)-! lD 5+2.'(*,)-8R ! b+,-%W1%,)'6=! L)$%-%! 3(.-! 5+,)&*/1)%! )+! )$%! $%(96! &%'*(,5%! /6! (33&*%9%4! l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le 2%5$(,*-2-8R ! h$*'-)! 5+&.+&()%! *,41-)&6V0*4%! -%5)+&('! *,*)*()*9%-! $(9%! )$%*&! '*2*)()*+,-=! eg !5<8=!.(&(8!@D8! e@ !5<8=!.(&(8!@B8! lC !5<8=!.(&(8!@f8! lD !5<8=!.(&(8!DCD8! lB !5<8! le !5<8=!.(&(8!DDa8! BCDC_!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!! #0+!J)%.-!P+&0(&4=!?,%!J)%.!M(5*-)%,)! +&! 1,(/'%! +&! 1,0*''*,3! )+! )(5<'%! 5+&.+&()%! $12(,! &*3$)-! 9*+'()*+,-8! J122*,3! 1.=! G133*%! (&31%-! )$()! L(''! )6.%-! +7! 2%5$(,*-2-! o! J)()%V/(-%4! ,+,V S14*5*('! (,4! S14*5*('=! 5+2.(,6V/(-%4=! (-! 0%''! (-! 5+''(/+&()*9%! (,4! *,)%&,()*+,('! o! &%2(*,! ll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eD! NHZAI!GTKN#J!nHAG#]GYuO! A! b?ZEAGA#Tk]!AIX!TI#]GIA#T?IAY!F?HGIAY!?P!#N]!J?bTAY!JbT]Ib]J=!ENTY?J?ENu=!AIX!YAh=! !B@@VeBC![BCC@\=!(,4!Y(&*--(!k(,! X%,! N%&*<=! F%&,%S! Y%),(&! s%&,*t=! >$?34+*-&?( N2%K2%+*-2&;( 3&<$%( 5&*$%&+*-2&+4( )+1@( \%20( =30+&( >-?8*;( *2( DBfl! !! K % & 2 ( , ! Y ( 0 ! F + 1 & ,! ( ' ! !!!!!!!jk+'8!DD!I+8!DD h$*'%! 2+-)! &%-.+,-%-=! .(&)*51'(&'6! 7&+2! )$%! -*4%! +7! -)()%! 3+9%&,2%,)-=! $(9%! -+! 7(&! /%%,! aC .+-*)*9%=!)$%&%!(&%!('-+!-+2%!&%-.+,-%-!0$*5$!+77%&!(!5&*)*5('!.%&-.%5)*9%!+,!)$%!G%.+&)8 ! b'*77+&4! b$(,5%! +/-%&9%-! )$()! )$%! BCDC! G%.+&)! L4%2+,-)&()%-! (! .&(5)*5('! (,4! /('(,5%4! aD (..&+(5$8R ! T,! 5+,)&(-)=! A2,%-)6! T,)%&,()*+,('! 5(''-! 7+&! L3&%()%&! 5'(&*)6! 888! +,! '%3('! aB 2%(-1&%-! )$()! -)()%-! 5(,! )(<%! )+! &%31'()%! 5+2.(,*%-8R ! #$%! ,+,V3+9%&,2%,)('! +&3(,*:()*+,! N12(,! G*3$)-! A49+5()%! ,+)%-! )$()! L)$%! P&(2%0+&)%,-*9%'6! (,4! .&+2*,%,)'68R ! #$%! 5&*$%&+*-2&+4(N%-0-&+4()+1(+&<(!+PU(C?+-&=!DC!F?HGIAY!?P! TI#]GIA#T?IAY! bGTZTIAY! FHJ#Tb]=!fBaVfle8!J%%!('-+!F(2%-!! N(&&*-+,=! BCDC! G133*%! G%.+&)! +,! M1-*,%--! (,4! N12(,!G*3$)-=! (9(*'(/'%! ()O! $)).Oii*,)%&,()*+,(''(0+/-%&9%&8%1iBCDCiCliB@iBCDCV&133*%V&%.+&)V+,V/1-*,%--V(,4V$12(,V&*3$)-! ['(-)! (55%--%4O!Df!I+9%2/%&!BCDC\8! l@ ! J)()%2%,)! /6! A2,%-)6! T,)%&,()*+,('=! D! F1,%! BCDC=! (9(*'(/'%! ()O! $)).Oii0008/1-*,%--V $12(,&*3$)-8+&3iJ.%5*('G%.E+&)('iN+2%iG%.+&)-)+HIN12(,G*3$)-b+1,5*'iBCDC! ['(-)! (55%--%4O! Df! I+9%2/%&! BCDC\8! L: )J%%=!7+&!%>(2.'%=!Y(&&6!b()(!M%5<%&=!A!b+,-*4%&()*+,!+7!F+$,!G133*%U-!BCDC!G%.+&)!)+!Dl)$!-%--*+,!+7!HI!N12(,! G*3$)-!b+1,5*'O!zM1-*,%--!(,4!N12(,!G*3$)-O!P1&)$%&!-)%.-!)+0(&4!)$%!+.%&()*+,('*:()*+,!+7!)$%!U.&+)%5)=!&%-.%5)! (,4!&%2%46U!7&(2%0+&.%5)%4! -+5*('! 5+,415)QR8! #$()! 9*%0! *-! +.%,! )+! 4%/()%! (,4! *,! af (,6! 5(-%! )$%! '(0! *-! $*3$'6! 46,(2*5! (,4! 5(,! (4(.)! )+! 2%%)! .&%--*,3! ,%%4-8Q ! #$%! T,)%&,()*+,('!P%4%&()*+,!+7!N12(,!G*3$)-!(,4!N12(,!G*3$)-!*,!b$*,(!*,!(!S+*,)!-)()%2%,)! ag 1&3%4!G133*%!)+!5(''!+,!-)()%-!)+!L.&+9*4%!9*5)*2-!0*)$!(55%--!)+!%77%5)*9%!&%2%4*%-8R !#$%! T,)%&,()*+,('! b++&4*,()*,3! b+22*))%%! +7! I()*+,('! T,-)*)1)*+,-! 7+&! )$%! E&+2+)*+,! (,4! E&+)%5)*+,! +7! N12(,! G*3$)-! 1&3%4! R(''! (5)+&-! )+! *,)%&.&%)! (,4! %>)%,4! %>*-)*,3! 2(,4()%-! a@ 0$%&%9%&!.+--*/'%!(-!(..'*5(/'%!)+!)$%!5+&.+&()%!(-!0%''!(-!)$%!.1/'*5!-%5)+&8R !A''!*,!(''=!*)! -%%2-!)$()!5*9*'!-+5*%)6!*-!+7!)$%!+.*,*+,!)$()!G133*%!*,!$*-!BCDC!G%.+&)!2(<%-!)0+!-)%.-!*,! )$%!&*3$)!4*&%5)*+,=!7+''+0%4!/6!+,%!-)%.!/(5<8! ! #$%!BCDC!G%.+&)!5+&&%5)'6!(&31%-!)$()!5+&.+&()*+,-!5(,!(77%5)!(''!$12(,!&*3$)-8!T)!*4%,)*7*%-! -+2%! +7! )$%! .&+/'%2-! (,4! 5$(''%,3%-! *,! )$%! 7*%'4! +7! /1-*,%--! (,4! $12(,! &*3$)-8! T)! '(5<-=! $+0%9%&=! -133%-)*+,-! 7+&! -+'1)*+,-! +7! )$%! 5+,1,4&12! +7! 5+&.+&()%! &%-.+,-*/*'*)68! G133*%! &*3$)'6! &%5+3,*:%-! )$()! -)()%-! $(9%! (! .&*2(&6! &%-.+,-*/*'*)6! )+! %,-1&%! )$%! &%-.%5)! (,4! .&+2+)*+,! +7! $12(,! &*3$)-8! I+,%)$%'%--=! *)! 2(6! (..%(&! )$()! )$%! 7&(2%0+&.%&)*-%! (,4! &%-+1&5%-! )+! .&+)%5)! )$%! $12(,! &*3$)-! +7! *,4*9*41('-!(,4!'+5('!5+221,*)*%-!0$%&%!)$%6!+.%&()%8!P+&!*,-)(,5%=!)$%!Hm!?]bX!I()*+,('! b+,)(5)! E+*,)! 1&3%4! LHm! 5+2.(,*%-! )+! 1-%! )$%*&! *,7'1%,5%! +9%&! 5+,)&(5)*,3! .(&)*%-! (,4! /1-*,%--!.(&),%&-=!0$%,!)&(4*,3!*,!,()1&('!&%-+1&5%-!7&+2!)$*-!&%3*+,=!)+!%,-1&%!)$()!41%! `D 4*'*3%,5%!*-!(..'*%4!)+!)$%!-1..'6!5$(*,8R !!T,!+)$%&!0+&4-=!(,!+/'*3()*+,!)+!.&+)%5)!0+1'4! 4%,+)%! )$()! 5+&.+&()*+,-! (&%! +/'*3%4! )+! (4+.)! *,)%&,('! &%31'()*+,-! (,4! )(<%! +)$%&! 2%(-1&%-!)+!.&+$*/*)!(,4!.&%9%,)!$12(,!&*3$)-!9*+'()*+,-!*,)%&,(''6=!*,!)$%*&!+0,!(5)*9*)*%-=! /1)! ('-+! %>)%&,(''6=! *,! /1-*,%--! &%'()*+,-$*.-! 0*)$! )$*&4! .(&)*%-! )$&+13$+1)! )$%*&! -1..'6! `B 5$(*,-8 !J*2*'(&'6=!b'(.$(2!-133%-)-!)$()!5+&.+&()*+,-!$(9%!)$%!L41)6!)+!%,-1&%!)$()!)$%! `e 5+,)&(5)+&-!0*)$!0$*5$!)$%6!4+!/1-*,%--!(&%!5+2.'6*,3!0*)$!)$%!I+&2-8R !N%!(&31%-!)$()! )$%! +/'*3()*+,! )+! .&+)%5)! %>*-)-! L%9%,! *7d)$&%()-! 4+! ,+)! 4%&*9%! 7&+2! )$%! 5+&.+&()*+,! `l *)-%'78R ! T)! (..%(&-=! )$%&%7+&%=! )$()! )$%! +/'*3()*+,! )+! .&+)%5)! %>)%,4-! 215$! 71&)$%&! )$(,! )$%! +/'*3()*+,! )+! &%-.%5)8! ! #$%! +/'*3()*+,! )+! .&+)%5)! *-! &%'%9(,)! .(&)*51'(&'6! R*,! )$%! `a &%'()*+,-$*.! +7! (! 5+&.+&()*+,! 0*)$! )$*&4! .(&)*%-8R ! J%9%&('! 5+&.+&()*+,-! &%5+3,*:%! )$%! +/'*3()*+,! )+! .&+)%5)! $12(,! &*3$)-! 0*)$*,! )$%*&! (5)*9*)*%-8! ! J$%''=! 7+&! %>(2.'%=! ,+)%-! )$()! R+.%&()*,3! 5+2.(,*%-! 8888! $(9%! (! &%-.+,-*/*'*)6! )+! *4%,)*76! %>*-)*,3! (,4! .+)%,)*('! $12(,! `C !M&*)*-$!E%)&+'%12=!N12(,!G*3$)-O!A!31*4(,5%!,+)%=!BCCa=!(9(*'(/'%!()O! $)).Oii0008/.85+2i'*9%(--%)-i/.q*,)%&,%)i3'+/('/.iJ#AKTIKi3'+/('q(--%)-i4+0,'+(4-iMEqN12(,qG*3$)-qBCC a8.47!['(-)!(55%--%4O!Df!I+9%2/%&!BCDC\8! `D ! T/*48! J%%! P*,('! J)()%2%,)! /6! )$%! Hm! I()*+,('! b+,)(5)! E+*,)! 7+&! )$%! ?]bX! K1*4%'*,%-! 7+&! Z1')*,()*+,('! ],)%&.&*-%-O!A7&*2%>![Hm\!Y)48=!Bg!A131-)!BCCg=!(9(*'(/'%!()O!$)).Oii0008/%&&83+981.%&)! Y%3('! E(,%'! +,! b+&.+&()%! b+2.'*5*)6! *,! T,)%&,()*+,('! b&*2%-=! K%,%9(=! J%.)%2/%&! BCCg=! (9(*'(/'%! ()O! ! $)).Oii*5S8+&3iTZKik+'12%qD8.47=! B@VeC! ['(-)! (55%--%4O!Df!I+9%2/%&!BCDC\8! `e !AIXG]h!bYAENAZ=!NHZAI!GTKN#J!?MYTKA#T?IJ!?P!I?IVJ#A#]!Ab#?GJ![BCC`\=!BeD8!!! `l !5<6! `a !ITb?YA!FyK]GJ=!b?GE?GA#]!NHZAI!GTKN#J!?MYTKA#T?IJ![BCCB\8! BCDC_!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!! #0+!J)%.-!P+&0(&4=!?,%!J)%.!M(5>+,! Z+/*'= ! #+)('= ! K%,%&('! Z+)+&-= ! h('V fl fa f` ff Z(&)= !b+,+5+VE$*'*.-= !X(*2'%&Vb$&6-'%& !(,4!X%!M%%&-8 ! ! ?,!)$%!+)$%&!$(,4=!)$%!+/'*3()*+,!)+!71'7*''!$12(,!&*3$)-!0+1'4!&%W1*&%!)$()!(!5+&.+&()*+,! (4+.)! (! $12(,! &*3$)-! .+'*56! (,4! *,)%&,('! 5+4%-! +7! 5+,415)! )$()! (44&%--! $12(,! &*3$)-! 5$(''%,3%-! (,4! )$*-! 0+1'4! *,5'14%! 2%(-1&%-! +,! $+0! )+! .&%9%,)! (,4! &%-.+,4! )+! $12(,! &*3$)-!9*+'()*+,-8!#$%!*,)&+415)*+,!+7!)$%!7&(2%0+&>+,!Z+/*'=!J)()%2%,)!+7!E&*,5*.'%-!+,!J%51&*)6!(,4!N12(,!G*3$)-=!(9(*'(/'%!()O! $)).Oii0008%>>+,2+/*'85+2ib+&.+&()%iT2.+&)-i55&BCC@i5+221,*)6q&*3$)-8(-.>!['(-)!(55%--%4O!Df!I+9%2/%&! BCDC\88!! fB !#+)('!b+&.+&()*+,=!E+-*)*+,!(,4!b+22*)2%,)-!+,!N12(,!G*3$)-=!(9(*'(/'%!()O!$)).Oii0008)+)('85+2i%,i(/+1)V )+)('i3&+1.V.&%-%,)()*+,i/1-*,%--V.&*,5*.'%-i$12(,V&*3$)-V@lCaBB8$)2'!['(-)!(55%--%4O!Df!I+9%2/%&!BCDC\8! fe ! K%,%&('! Z+)+&-! o! b+&.+&()%! G%-.+,-*/*'*)6=! (9(*'(/'%! ()O! $)).Oii00083285+2i5+&.+&()%i&%-.+,-*/*'*)6! ['(-)! (55%--%4O!Df!I+9%2/%&!BCDC\8! fl ! h('VZ(&)! b+&.+&()%=! G%W1*&%2%,)-! 7+&! J1..'*%&-=! (9(*'(/'%! ()O! $)).Oii0('2(&)-)+&%-85+2iJ1..'*%&-iBlg8(-.>! ['(-)!(55%--%4O!Df!I+9%2/%&!BCDC\;!-%%!]W1('!?..+&)1,*)6!E&(5)*5%-8! fa !b+,+5+VE$*'*.-!b+&.+&()*+,=!N12(,!G*3$)-!E+-*)*+,=!(9(*'(/'%!()O! $)).Oii00085+,+5+.$*''*.-85+2i]Ii-1-4%9i.+'*5*%-i$12(,&*3$)-.+-*)*+,iE(3%-i*,4%>8(-.>!['(-)!(55%--%4O!Df! I+9%2/%&!BCDC\8! f` ! X(*2'%&Vb$&6-'%&=! #$%! J+5*('! b+22*)2%,)=! (9(*'(/'%! ()O! $)).Oii00084(*2'%&85+2i5+2.(,6i-1-)(*,(/*'*)6i51-)+2%&-V(,4V-+5*%)6i-+5*('V&%-.+,-*/*'*)6! ['(-)! (55%--%4O! Df! I+9%2/%&!BCDC\8! ff ! X%! M%%&-! b+&.+&()*+,=! b+221,*)6! E+'*56=! (9(*'(/'%! $)).Oii00084%/%%&-3&+1.85+2i%,iJ1-)(*,(/*'*)6ib+221,*)*%-!['(-)!(55%--%4O!Df!I+9%2/%&!BCDC\8! ()O! DBfg! !! K % & 2 ( , ! Y ( 0 ! F + 1 & ,! ( ' ! !!!!!!!jk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p!G133*%!*-!-%)!)+! .&%-%,)!(!-%)!+7!.&*,5*.'%-!*,!$*-!BCDD!G%.+&)!(,4!$%!5+&&%5)'6!(&31%-!7+&!)$%!5&%()*+,!+7!(! -.%5*('!1,*)!0*)$*,!)$%!H,*)%4!I()*+,-!?77*5%!+7!)$%!N*3$!b+22*--*+,%&!7+&!N12(,!G*3$)-=! 0$*5$! 0+1'4! /%! (/'%! )+! %>%&5*-%! (,! (49*-+&6! (,4! 5(.(5*)6V/1*'4*,3! 71,5)*+,8! J15$! (! .&+.+-('! -$+1'4! 5%&)(*,'6! /%! 0%'5+2%4=! $+0%9%&! *)! -$+1'4! /%! 5+,-*4%&%4! (-! (! /(&%! 2*,*2128!h$%&%!(!5+2.(,6!7(*'-!)+!2%%)!*)-!+/'*3()*+,-=!(4%W1()%!(,4!%77%5)*9%!&%2%4*%-! 21-)!/%!(9(*'(/'%!)+!9*5)*2-!0$+-%!71,4(2%,)('!$12(,!&*3$)-!0%&%!9*+'()%48!T,!)$%!71)1&%=! )$%! HI! N12(,! G*3$)-! b+1,5*'! 2(6! 5+,-*4%&! %-)(/'*-$*,3! (,! %>.%&)! 0+&<*,3! 3&+1.! +&! 5+2.'(*,)-!2%5$(,*-2-!)+!&%5%*9%!)$%!5+2.'(*,)-!+7!9*5)*2-8!A!)$%2()*5!.&+5%41&%!1,4%&! fg )$%!HI!2%5$(,*-2!0(-!+,%!+7!)$%!.&+.+-('-!7+&!)$%!7+''+0V1.!)+!)$%!HI!I+&2-8 !J+2%! 5+22%,)()+&-! $(9%! ('&%(46! 4*-51--%4! )$%! .+--*/*'*)6! +7! )$%! 0+&'4! 5+1&)! +7! $12(,! &*3$)-=! f@ 0$*5$! 0+1'4! ('-+! $(9%! S1&*-4*5)*+,! +9%&! 5+&.+&()*+,-8 ! J15$! (! 5+2.'(*,)-! /+46! 2*3$)! 5+,-*4%&! *,4*9*41('! 5+221,*5()*+,-! 7&+2! 9*5)*2-! +7! $12(,! &*3$)-=! 5+,415)! 7*%'4! 9*-*)-=! %>(2*,%!)$%!(''%3()*+,-!+7!5+&.+&()%!9*+'()*+,-!(,4!*--1%!&%5+22%,4()*+,-!)+!-)()%-!(,4! gC 5+2.(,*%-8 !T,!)$%!'+,3!)%&2=!(!-.%5*('!5+1&)!7+&!5+&.+&()*+,-!5+1'4!/%!%-)(/'*-$%4!0$*5$=! fg !X(9*4!h%*--/&+4)!(,4!Z(&*(!m&13%&=!=30+&(>-?8*;(>$;K2&;-S-4-*-$;(2M(!3;-&$;;$;(+;(:2&]Q*+*$(CP*2%;=!-&!I?IV J#A#]!Ab#?GJ!AIX!NHZAI!GTKN#J!ela![E8!A'-)+,!%4=!BCCa\8! f@ !P+&!-+2%!.&+.+-('-!(,4!4*-51--*+,!*,!)$*-!&%-.%5)!-%%=!Z8!J5$%*,*,=!#+0(&4-!(!h+&'4!b+1&)!+7!N12(,!G*3$)-=! G%-%(&5$! &%.+&)! 0*)$*,! )$%! 7&(2%0+&-?8*;X=! D! I?G#Nh]J#]GI! HITk]GJT#u! F?HGIAY! ?P! TI#]GIA#T?IAY! NHZAI! GTKN#J=!![BCCl\=!(,4!Z8!I+0(<=!78$(:$$<(M2%(+(T2%4<(N23%*(2M(=30+&(>-?8*;=!D!NHZAI!GTKN#J!YAh!G]kT]h=!BaDVBa@! [BCCf\8! gC ! F%,-! Z(&)%,-! (,4! ]'*-(/%)$! J)&+$-5$%*4)=! E&+/'%2()*5! E&(32()*-2=! #$%! G133*%! G%.+&)! BCCgO! M(5<3&+1,4=! A,('6-*-!(,4!E%&-.%5)*9%-!F1,%!BCCg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gD +7!$12(,!&*3$)-!'(0!(,4!)$%!.&+2+)*+,!(,4!.&+)%5)*+,!+7!$12(,!&*3$)-8 !N+0%9%&=!*)!7(*'-! )+! +77%&! (! 9*5)*2-V+&*%,)%4! -+'1)*+,! )+! 5$(''%,3%-! .+-%4! /6! $12(,! &*3$)-! (,4! /1-*,%--8! A44*)*+,(''6=!G133*%!$(-!/%%,!('-+!&%'15)(,)!)+!5+,5%4%!)$()!5+&.+&()*+,-!4+!,+)!$(9%!+,'6! ,%3()*9%! /1)! ('-+! .+-*)*9%! $12(,! &*3$)-! +/'*3()*+,-! *,! )$%! 7*%'4! +7! $12(,! &*3$)-8! A3(*,-)! gD !5<8!!A,4&%S!Y+3(&=!-.%(<*,3!+,!/%$('7!+7!)$%!]1&+.%(,!H,*+,=!&%3(&4*,3!A5)*+,!+,!G%-+'1)*+,!+,!Z(,4()%!+7! J.%5*('!G%.&%-%,)()*9%!+7!)$%!J%5&%)(&6VK%,%&('!+,!N12(,!G*3$)-!(,4!#&(,-,()*+,('!b+&.+&()*+,-=!!(9(*'(/'%!()O! $)).Oii00081,$5$&85$i$1&*5(,%i$1&*5(,%8,-7i9*%0CDiPg`BXC@eBgMAa]AbbDBafl`bCC`bMDXPp+.%,4+512%,)! ['(-)!(55%--%4O!Df!I+9%2/%&!BCDC\8! DBgC! !! K % & 2 ( , ! Y ( 0 ! F + 1 & ,! ( ' ! !!!!!!!jk+'8!DD!I+8!DD )$*-! /(5<4&+.=! *)! -%%2-! )$()! )$%! ,+&2()*9%! 7&(2%0+&