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.G ENKGPV GUV FG OQKPU GP OQKPU PCTTCVKH OCKU UOCUUKOKNG CWECRVGWT SWK VTCPUOGV NGU FQPPÃGU UWT UQP EQORQTVGOGPV QP PG NWK FGOCPFG RCU FG RCTNGTOCKUWPU[UVÂOGCWVQOCVKSWGGVnKPVGNNKIGPV´RCTVKTFGUEQQMKGUFG FKXGTU V[RGU FÃEQFG VQWVGU UGU CEVKQPU RWKUSWOKN GUV FÃUQTOCKU DTCPEJÃ GP RGTOCPGPEG.GUFQPPÃGUSWKÃOGTIGPVCKPUKUGODNGPVECRVÃGUFKTGEVGOGPV UCPU OÃFKCVKQP FKTQPV EGTVCKPU GP QWDNKCPV NC OÃFKCVKQP VGEJPKSWG SWK FGXKGPV FÃEKUKXG GV SWK RTQFWKV WP CWVTG GHHGV FOCWVJGPVKEKVÃ .GU QHHTGU UG OWNVKRNKGPVGPFKTGEVKQPFGUKPVGTPCWVGUSWKCEEGRVGTCKGPVFOÄVTGnUECPPÃU
GP RGTOCPGPEG UWT VQWU NGWTU EQORQTVGOGPVU GV SWK UG XQKGPV QHHTKT GP ÃEJCPIG FGU OCEJKPGU FGU UGTXKEGU ITCVWKVU FGU NQIKEKGNU GVE EGTVGU WP SWGUVKQPPCKTG ÃNÃOGPVCKTG GUV ´ TGORNKT ´ NOQTKIKPG OCKU EOGUV GPUWKVG NGWT RTCVKSWG NC FWTÃG FG XKUWCNKUCVKQP FG VGN QW VGN DCPFGCW RWDNKEKVCKTG SWK FGXKGPFTQPVFGUKPFKECVGWTUGZRNQKVÃUFKTGEVGOGPVRCTNGUU[UVÂOGU
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%OGUVFQPEWPENKGPVHQTVFKHHÃTGPVSWKUGXQKVEQPUVTWKVRCTEGUOÃFKCVKQPU RWKUSWGPQWURCUUQPUFWPCTTCVKHCWECRVGWTFWETÃCVKHCWEQQRÃTCVGWTFW TGRTÃUGPVCVKHCWRTGUETKRVGWTGVFG NOÃXCNWCVKHCW UÃNGEVKQPPGWT 0QWUPQWU KPURKTQPUGPEGNCFWOQFÂNGFGUEQORÃVGPEGUJWOCKPGUFÃXGNQRRÃRCT,GCP )CIPGRCKP=)#)?
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.GUUWRRQTVUVGEJPKSWGUFGNCVTCÁCDKNKVÃGVFGNCOKUGGPHQTOG
.GUFKURQUKVKHURQWTTÃEWRÃTGTGVVTCKVGTEGUFQPPÃGUENKGPVUUOCRRWKGPVUWT FGU OÃFKCVKQPU VGEJPKSWGU FKHHÃTGPVGU .GU EQQMKGU NGU KFGPVKHKCPVU FGU OCEJKPGU UQPV ´ NC DCUG FW TGRÃTCIG FGU VGTOKPCWZ SWK XCNGPV RQWT NGU ENKGPVU NC RNWRCTV FW VGORU .G UWKXK GP VGORU TÃGN FG VQWVGU NGU CEVKQPU XKUKQPFGRCIGUJKVUFWTÃGPCXKICVKQPGVEGVFGVQWVGUNGUEQOOCPFGUFG RTQFWKVU GUV NC OCVKÂTG RTGOKÂTG SWK FGOCPFG GPUWKVG ´ ÄVTG VTCKVÃG .GWT EQNNGEVG FCPU FGU DCUGU FG FQPPÃGU RWKUUCPVGU CXGE FGU OQVGWTU FOKPFGZCVKQPRGTHGEVKQPPÃUGUVWPGÃVCRGCWUUKGUUGPVKGNNGSWKFGOCPFGFGNC RWKUUCPEG FG ECNEWN .C TÃCEVKXKVÃ FG NOQHHTG SWCPV ´ GNNG PÃEGUUKVG FGU VGEJPQNQIKGUCIGPVUSWKEQORQUGPVNGURTQHKNUGVNGUOGVVGPVGPTCRRQTVCXGE NGU RTQRTKÃVÃU FGU RTQFWKVU RQWT TÃCNKUGT CW RTÃCNCDNG FGU CLWUVGOGPVU RQUUKDNGU SWK UGTQPV GPUWKVG EQTTKIÃU GP HQPEVKQP FGU UWEEÂU QW PQP FGU QHHTGUHCKVGU%GUVGEJPQNQIKGUUQPVXTCKOGPVNGFKURQUKVKHENÃFGNOCLWUVGOGPV CWVQOCVKUÃGVPGFGXKGPFTQPVTÃGNNGOGPVRGTHQTOCPVGUSWO´NCEQPFKVKQPFOÄVTG nCRRTGPCPVGU FOCFCRVGT NGWTU ECVÃIQTKGU CWZ PQWXGCWZ EQORQTVGOGPVU TGRÃTÃU=$17D?
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&CPU NG EQOOGTEG ÃNGEVTQPKSWG EQOOG FCPU VQWVGU NGU CWVTGU CEVKXKVÃU SWKRCUUGPVUWTNGTÃUGCWNOÃETCUGOGPVFGUOÃFKCVKQPUGUV´NCHQKUXCPVÃGV
OKUGPUEÂPGQPNGUCKVRQWTVCPVEOGUVCWRTKZFOWPKPXGUVKUUGOGPVHQTVFCPU FGUHQTOGUFGVTCKVGOGPVKPHQTOCVKSWGUQRJKUVKSWÃFGUFQPPÃGUSWGRGWVUG ETÃGT EGV GHHGV FOKOOÃFKCVGVÃ FG RGTUQPPCNKUCVKQP .G RTKPEKRG FG NC HTKEVKQPNGUU VTCPUCEVKQP NCKUUG DKGP GPVGPFTG SWG NGU EQÖVU FG VTCPUCEVKQP FGXGPWUNGHCEVGWTGUUGPVKGNFGNCFÃEKUKQPFGUGPVTGRTKUGUFGnHCKTGQWFG nHCKTG HCKTG UGNQP 9KNNKCOUQP =9+.? FQKXGPV FKURCTCÉVTG 'P HCKV NOÃXCNWCVKQP ÃEQPQOKSWG POGUV RCU GHHGEVWÃG TÃGNNGOGPV ECT NGU KPXGUVKUUGOGPVUEQPUGPVKURQWTFGVGNUEJCPIGOGPVUFGOÃFKCVKQPUPGUQPV IWÂTGEJKHHTÃU%OGUVCXCPVVQWVFGNCFKURCTKVKQPFGNOKPVGTOÃFKCKTGJWOCKP SWOKN UOCIKV GV FG UC UWDUVKVWVKQP RCT FGU VGEJPQNQIKGU CIGPVU &G EG VTCXCKN ÃNÃOGPVCKTG FOKPFWUVTKCNKUCVKQP FWDCEM QHHKEG QP GUV RCUUÃ CKPUK ´ EGNNG FW HTQPVQHHKEGFGNCTGNCVKQPCXGENGENKGPVRWKURQWTTCKVQPFKTG´EGNNGFWENKGPV NWKOÄOG#IGPVRGTVWTDCVGWTFGEGVVGKPFWUVTKCNKUCVKQPNGENKGPVEQPVKPWCKV FOCRRCTCÉVTGEQOOGKPUVCDNGKPHKFÂNGKTTCVKQPPGNGVEGPNWKUWDUVKVWCPVFGU OQFÂNGU EGTVGU EQORNGZGU EQPVGZVWCNKUÃU GV CRRTGPCPVU QP NG HCKV GPVTGT FCPU NC EJCÉPG FG RTQFWEVKQP UQWU NG OÄOG HQTOCV SWG VQWU NGU CWVTGU CEVGWTU&GPQWXGCWZOÃFKCVGWTU´ECTCEVÂTGVGEJPQNQIKSWGRTÃVGPFGPVUG UWDUVKVWGT´NWKGVNWKHCEKNKVGTCKPUKNCXKG.GVTCXCKNFWOCTMGVKPIUOGPVTQWXG UKPIWNKÂTGOGPV OQFKHKÃ RWKUSWG UQP TÏNG FG RQTVGRCTQNG FG ENKGPVU CWRCTCXCPVOWGVUQWÃNQKIPÃUGUVRTKUGPEJCTIGRCTWPGUQTVGFOCXCVCTFW ENKGPVNWKOÄOG
.GUVGEJPQNQIKGUCIGPVU
.C VGEJPQNQIKG FGU CIGPVU KPVGNNKIGPVU EQORQTVG RNWUKGWTU PKXGCWZ FG OQFÃNKUCVKQP nQDLGV FKUVTKDWÃ nGPVKVÃ KPVGPVKQPPGNNG QW EQNNCDQTCVGWT
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.GU CIGPVU KPVGNNKIGPVU RGWXGPV ÄVTG FG UKORNGU QWVKNU FOCKFG CW VTCKVGOGPV FG TGSWÄVGU EQORNGZGU /CKU KNU RGWXGPV CNNGT LWUSWOCW UVCVWV FG EQNNCDQTCVGWT RGTUQPPGN QW GPEQTG FG EQQTFQPPCVGWT FG RTGUVCVCKTGU .GU CIGPVU KPVGNNKIGPVU OQDKNKUGPVWPVTKRNGUEJÃOCUGNQPNGUV[RGUFOCIGPVUCFQRVÃUWPUEJÃOCOCÉVTG UGTXKVGWT V¸EJGU CWVQOCVKUÃGU FÃNÃIWÃGU WP UEJÃOC CUUKUVCPV SWK TGPXQKG ´ NC UGETÃVCKTGGVWPUEJÃOCFWEQWTVKGTFGNOKPVGTOÃFKCKTGQWFWOCPFCVCKTGUGNQPNC RGTUQPPCNKUCVKQPCFQRVÃG
.GUCIGPVUKPVGNNKIGPVUUWRRQUGPVVQWLQWTUWPGCEVKXKVÃFGNOWVKNKUCVGWTGPFKTGEVKQP FGUQHHTGWTUNGOQFÂNGDQWTUKGTGPGUVNGRNWUXQKUKPNOCIGPVKPVGNNKIGPVRTGPCPVNG TÏNG FWEQWTVKGT DTQMGT RQWT UQP ENKGPV .GU FQPPÃGU CKPUK RTQFWKVGU QW VTCKVÃGU UQPV RCTVKEWNKÂTGOGPV ÃRJÃOÂTGU ECT GNNGU FÃRGPFGPV FOWPG FGOCPFG VTÂU URÃEKHKSWGWPXQ[CIG´VGNNGFCVGCXGEVGNNGUEQPVTCKPVGUFGEQÖVFOJQTCKTGUGVE OCKUEOGUVRTÃEKUÃOGPVNCTÃCEVKXKVÃFGEGV[RGFOCIGPVUSWKHCKVNGWTXCNGWTCLQWVÃG .CTGNCVKQPEQOOGTEKCNGSWKRGWVCKPUKÄVTGPQWÃGPOGUVRCUGPEQTGDKGPFÃHKPKGGV
NG OCTMGVKPI QPGVQQPG POGP EQPUVKVWG SWOWP FGU FÃDQWEJÃU RQUUKDNGU EOGUV WP GPLGW EQPUKFÃTCDNG FG UCXQKT SWK UGTC ECRCDNG FG HQWTPKT WPG QHHTG EQOOGTEKCNG GZRNQKVCPVEGUVGEJPKSWGU
.GWT HQTEG GUUGPVKGNNG VKGPV FCPU NGWT RTÃVGPVKQP ´ UOCFCRVGT ´ RCTVKT FGU TGVQWTU ENKGPVUNGUU[UVÂOGUOWNVKCIGPVUUQPVUWRRQUÃUL´FGUFGITÃUFKXGTULUOCFCRVGT GP VGORU TÃGN ´ FGU FGOCPFGU VQWLQWTU RGTUQPPCNKUÃGU GV UWTVQWV ÄVTG ECRCDNGU FOCRRTGPFTG ´ RCTVKT FG EJCEWPG FGU QRÃTCVKQPU TÃCNKUÃGU RCT NG OCÉVTG RQWT EQPPCÉVTGUGUHCÁQPUFGVTCXCKNNGTUGU RTÃHÃTGPEGUGVEUCPUSWGEGNWKEKCKV´NGU FÃENCTGTKP GZVGPUQ .GU CIGPVU KPVGNNKIGPVU GV CWUUK EG SWG NOQP CRRGNNG NGU KPVGTHCEGUCFCRVCVKXGUCEVWGNNGOGPVCWUVCFGFGRTQVQV[RGUXQPVFCPUNGUGPUFG NC RTKUG GP EJCTIG FG EG VTCXCKN FOCFCRVCVKQP GP OQFÃNKUCPV PQP UGWNGOGPV NGU RTQHKNUFOWVKNKUCVGWTUGPIÃPÃTCNOCKUNGUEQORQTVGOGPVUFGEJCSWGWVKNKUCVGWTGP RCTVKEWNKGT.CVGEJPQNQIKGFGXKGPVCNQTUGZVTÄOGOGPVQWXGTVGECTGNNGRTGPFGNNG OÄOGGPEJCTIGNGVTCXCKNFOCLWUVGOGPVRCTCRRTGPVKUUCIG=$17E?
.G RTQITCOOG FGU CIGPVU QW RNWVÏV NGWT RTQOGUUG ECT KN TGUVG ´ ÃXCNWGT FG XÃTKVCDNGUTÃCNKUCVKQPUEQOOGTEKCNGURGWVEGRGPFCPVÄVTGOKUGPFKHHKEWNVÃUWTVTQKU RNCPUCWOQKPU
LNC OQFÃNKUCVKQP FW EQORQTVGOGPV TGRQUG UWT WP OQVGWT FOKPVGTRTÃVCVKQP FGU EQORQTVGOGPVUSWKFGOCPFGTCGPEQTG´ÄVTGCHHKPÃECTFGPQODTGWZRCTCOÂVTGU EQPVTCFKEVQKTGURGWXGPVOGVVTGGPHQTOGEGURTCVKSWGUFGNOWUCIGTNCRGTVKPGPEGGV NC TCRKFKVÃ RGWXGPV RCT GZGORNG FGXGPKT EQPVTCFKEVQKTGU FCPU NC TGEJGTEJG FOKPHQTOCVKQPUGVKNHCWVRQWXQKTFÃHKPKTNGURTKPEKRGUFGNOCTDKVTCIG
LNGOQFÂNGFGNOCUUKUVCPVRGWVGPHCKVFÃTKXGTXGTUNCFKCNGEVKSWGDKGPEQPPWGFW OCÉVTGGVFGNOGUENCXGFCPUNCOGUWTGQÔNCVGEJPQNQIKGFGUCIGPVUUWRRQUGWPG UVTWEVWTCVKQP SWK RQWT CFCRVCVKXG SWOGNNG UQKV RGWV HKPKT RCT UOKORQUGT HCEG ´ NOCODKIWÊVÃFGUEQORQTVGOGPVUFGUWVKNKUCVGWTU.OCWVQPQOKGRCTHQKURTÄVÃG´EGU CIGPVURGWVRCTCKNNGWTUHCKTGETCKPFTG´EGTVCKPUWPGUWDUVKVWVKQPGVWPGRGTVGFG EQPVTÏNGFGNOCEVGWTUWTNOCIGPV
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