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Pershing Square up 31.9 percent, Ackman says stable capital base to help firm

FILE PHOTO: William 'Bill' Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City
FILE PHOTO: William 'Bill' Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid

March 25, 2019

BOSTON (Reuters) – Hedge fund manager William Ackman said in his annual letter to shareholders that his Pershing Square Holdings fund has gained 31.9 percent since the start of 2019, the best start to the year in the firm’s 15-year history.

Ackman also said that his publicly traded fund, Pershing Square Holdings, now makes up $6 billion of the firm’s $8 billion in assets. Because the capital base is stable, where investors need to sell to another investor before exiting, Ackman expects it will help the firm in delivering higher rates of return over time.

(Reporting by Svea Herbst-Bayliss; editing by Grant McCool)

Source: OANN

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Britain plans social media regulation to battle harmful content

FILE PHOTO: Facebook logo is reflected in glasses in this picture illustration
FILE PHOTO: Facebook logo is reflected in glasses in this picture illustration taken April 1, 2019. REUTERS/Akhtar Soomro/File Photo

April 7, 2019

By Paul Sandle and Elizabeth Piper

LONDON (Reuters) – Britain proposed new online safety laws on Monday that would slap penalties on social media companies and technology firms if they fail to protect their users from harmful content.

Easy access to damaging material particularly among young people has caused growing concern worldwide and came into the spotlight in Britain after the death of 14-year-old schoolgirl Molly Russell, which her parents said came after she had viewed online material on depression and suicide.

Governments across the world are wrestling over how to better control content on social media platforms, often blamed for encouraging abuse, the spread of online pornography, and for influencing or manipulating voters.

Global worries were recently stoked by the live streaming of the mass shooting at a mosque in New Zealand on one of Facebook’s platforms, after which Australia said it would fine social media and web hosting companies and imprison executives if violent content is not removed “expeditiously”.

In a policy paper widely trailed in British media, the government said it would look into possibly using fines, blocking access to websites, and imposing liability on senior tech company management for failing to limit the distribution of harmful content.

It would also set up a regulator to police the rules.

TechUK, an industry trade group, said the paper was a significant step forward, but one which needed to be firmed up during its 12-week consultation. It said some aspects of the government’s approach were too vague.

“It is vital that the new framework is effective, proportionate and predictable,” techUK said in a statement, adding not all concerns could be addressed through regulation.

Facebook said it was looking forward to working with the government to ensure new regulations were effective, repeating its founder Mark Zuckerberg’s line that regulations were needed to have a standard approach across platforms.

COMPLEX ISSUES

Rebecca Stimson, Facebook’s head of UK public policy, said any new rules should strike a balance between protecting society and supporting innovation and free speech.

“These are complex issues to get right and we look forward to working with the government and parliament to ensure new regulations are effective,” Stimson said in a statement.

Prime Minister Theresa May said that while the Internet could be brilliant at connecting people, it had not done enough to protect users, especially children and young people.

“That is not good enough, and it is time to do things differently,” May said in a statement. “We have listened to campaigners and parents, and are putting a legal duty of care on internet companies to keep people safe.”

The duty of care would make companies take more responsibility for the safety of users and tackle harm caused by content or activity on their services. The regulator, funded by industry in the medium term, will set clear safety standards.

A committee of lawmakers has also demanded more is done to make political advertising and campaigning on social media more transparent.

“It is vital that our electoral law is brought up to date as soon as possible, so that social media users know who is contacting them with political messages and why,” said Conservative Damian Collins, who chairs the parliamentary committee for digital, culture, media and sport.

“Should there be an early election, then emergency legislation should be introduced to achieve this.”

(Reporting by Elizabeth Piper and Paul Sandle; Editing by David Holmes)

Source: OANN

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AP Interview: Ivanka Trump says Africa would inspire her dad

On a trip to Africa to promote women's economic empowerment, Ivanka Trump said the White House should be judged by its actions toward a continent that her father has privately disparaged.

In an interview with The Associated Press, the president's daughter and senior adviser pointed to visits to the continent by herself, the first lady and others, saying: "Our commitment to Africa is clear." She added that she hopes President Donald Trump will visit, saying: "I've been deeply, deeply inspired by my trip here. And I think he will be as well."

Ivanka Trump spoke Wednesday, the last day of her four-day trip to Ethiopia and Ivory Coast, which has featured a mix of diplomacy and visits to local business ventures as she advances a White House program to give an economic boost to women in the developing world. Her trip was viewed with skepticism in some quarters, given the president's efforts to cut foreign aid and his past derogatory comments about the continent.

The president was criticized last year after his private comments referring to "shithole countries" in Africa and other regions were leaked to journalists.

A close adviser to the president, Ivanka Trump said her father asked her if she was interested in the job of World Bank chief but that she was happy with her current role in the administration. She worked on the selection process for the new head of the 189-nation World Bank, David Malpass, and declared he would do an "incredible job."

Asked if her father had approached her about other top jobs, Ivanka Trump said she would "keep that between us." But she did say she does not see a run for office in her future.

A day before the Justice Department is expected to unveil a redacted version of the special counsel's report on Russian election interference and the Trump campaign, Ivanka Trump said she was not worried about what it would contain.

"I knew that there was no collusion. I knew that there was no obstruction and this was affirmed in the Mueller report and Attorney General Barr's subsequent summary," she said.

She also said she stood by a previous statement that the president had no involvement in granting security clearances to her or her husband, Jared Kushner, saying, "I have no evidence to the contrary."

But she said she had not spoken to the president about the issue since reports surfaced that he had ordered officials to grant Kushner a clearance over the objections of national security officials.

On whether she would support turning over documents to Democrats investigating the issue, Ivanka Trump said she would leave that decision to the White House counsel.

Source: Fox News World

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Police protection for German mayor threatened after killing

A mayor in Germany has been put under police protection after receiving threats following the killing of a young woman earlier this week.

Michael Kissel, mayor of the western city of Worms, had called for calm after the killing of the 21-year-old woman, whose body was found with several stab wounds Wednesday at her parents' home.

A 22-year-old Tunisian man she had been in a relationship with was arrested Thursday on suspicion of homicide.

The suspect's past conviction for theft and rejected asylum application prompted accusations on social media that authorities aren't doing enough to deport foreign criminals.

Friends and relatives of the victim are planning to hold a silent march in the woman's honor late Saturday.

Source: Fox News World

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UNC coach Hatchell allegedly made racist remarks: report

NCAA Womens Basketball: Atlantic Coast Conference Tournament - Notre Dame vs UNC
Mar 8, 2019; Greensboro , NC, USA; North Carolina Tar Heels head coach Sylvia Hatchell yells from the sidelines against the Notre Dame Fighting Irish in the women's ACC Conference Tournament at Greensboro Coliseum. Mandatory Credit: Jim Dedmon-USA TODAY Sports

April 5, 2019

North Carolina women’s basketball coach Sylvia Hatchell is under investigation for allegedly making racist remarks and pressuring players to compete despite serious injuries, according to a report Thursday from the Washington Post.

The Hall of Fame coach allegedly told players they would be “hanged from trees with nooses” if they failed to improve, according to the newspaper, which cites interviews with seven people who have knowledge of the investigation. Six of those interviewed were parents of players on the team.

Hatchell’s attorney, Wade Smith, denied the allegations during an interview with the Post.

“She said, ‘They’re going to take a rope and string us up, and hang us out to dry,'” Smith said. “There is not a racist bone in her body. … A very high percentage of the people who have played for her and who love her are African-American women. She is a terrific coach and a truly world-class human being.”

North Carolina placed the longtime coach and the rest of her staff on paid leave on Monday as it investigated issues raised by players.

Hatchell released a statement on Monday, reading, in part: “I love each and every one of the players I’ve coached and would do anything to encourage and support them. They are like family to me. I love them all. Of course, I will cooperate fully in this review. I look forward to a prompt conclusion of this matter and the continuation of our very successful women’s basketball program.”

Hatchell has been the head coach at UNC since 1986 and has led the Tar Heels to three NCAA Final Four appearances — 1994, 2006 and 2007 — and the NCAA championship in 1994.

The program has made 23 appearances in the NCAA Tournament during her tenure. On March 23, the Tar Heels were eliminated by California in the first round of this year’s tournament, 92-72.

Hatchell, 67, has a 751-325 record in 33 seasons at North Carolina. She missed one season — 2013-14 — as she battled leukemia. She spent the first 11 seasons of her career at Francis Marion College in South Carolina, finishing 272-80.

A 2013 enshrinee into the Naismith Memorial Hall of Fame, she is the winningest women’s basketball coach in Atlantic Coast Conference history.

Hatchell also is one of three active coaches in NCAA women’s basketball with 1,000 wins — Stanford’s Trish VanDerveer and Connecticut’s Geno Auriemma are the others — and the only women’s college basketball coach to win national championships at three levels: AIAW, NAIA and NCAA.

–Field Level Media

Source: OANN

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Arson reported at Russia’s largest yeshiva during Passover

Jewish officials say an arson fire was set at the largest yeshiva in Russia as the faithful were gathered there for a Passover meal.

No one was reported injured in the Friday fire at the Torat Chaim school in an eastern Moscow suburb.

Olga Esaulova, a spokeswoman for Moscow's chief rabbi, was quoted by the Interfax news agency as saying the fire was set in a storage area for kosher meat and that swastikas were drawn at the yeshiva's entrance.

There were about 60 students, rabbis and guests in the building at the time, the state news agency RIA-Novosti reported.

Source: Fox News World

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Boy Scout ranch focuses on wildfire recovery as season nears

Tucked away in the foothills of the southern Rockies, the Philmont Scout Ranch has become a holy grail, its stretches of untamed wilderness and challenging backcountry treks drawing more than 1 million Boy Scouts and other adventurers from across the United States over the past 80 years.

For many of those who have spent time at the mountain retreat, they can't get enough. It gets in the blood, it's infectious and it's the reason there was so much heartbreak last year when a wildfire ripped through the heart of the ranch.

Dozens of miles of trails were wiped out along with campsites, leaving behind a scar that will take years and millions of dollars to restore.

The work is necessary, ranch managers and troop leaders say, pointing to Philmont as a crown jewel of the scouting experience.

"There's just a real sense of loss, kind of a grieving process so to speak," said Roger Hoyt, a longtime Scout leader and Philmont's general manager. "But at the end of the day, nature does renew itself and I think from the tragedy and the heartache comes this sense of renewal and opportunity."

More than a half-million dollars already has been raised and the rebuilding effort is well underway with the installation of 85 new campsites and work to shore up some of the ash-covered hillsides.

Crews were sidelined in January due to snow, but work has resumed in the lower elevations as the clock ticks down for the start of the summer season.

And it will be a banner season with a record number of Scouts — possibly as many as 24,000 — expected to pass through Philmont, Hoyt said. Some of them initially planned to make the trek in 2018 but were derailed due to the fire and the subsequent closure of the backcountry.

With nearly one-fifth of Philmont blackened, the ranch is not alone in its new mission to become more resilient as western land managers face larger and hotter wildfires fueled by overgrown forests and dry conditions.

In 2018, more than 8.7 million acres (13,594 square miles) burned across the U.S., with most of that being in the West, according to the National Interagency Fire Center . Records were broken in California, which marked its deadliest and most destructive blaze in November as the town of Paradise was destroyed and 85 people were killed.

Scientists have said the 2018 season was part of a longer trend of larger and more frequent fires in the western United States.

In New Mexico, more than 382,000 acres (597 square miles) burned in 2018 and the state has seen its largest and most destructive fires on record within the last decade.

Hoyt estimates Philmont Scout Ranch will spend $1 million in the next year on conservation and fire mitigation projects. That includes addressing silt that's washing down from barren slopes to clearing fuel from the forest floor, thinning trees and creating fuel breaks to keep fires from racing across other parts of the ranch.

While the work is relatively low-cost, it's labor intensive, Hoyt said.

In March alone, 140 volunteers spent over 6,000 hours on fire mitigation and restoration projects.

Within two years, he hopes pockets of the burned area can be used as an outdoor classroom for visiting Scouts.

On the other side of the country, members of Troop 715 are preparing for this summer's journey to Philmont. The Richmond, Virginia-based group was gathering over the weekend for a 2-mile (3-kilometer) backpacking trip so they could learn about what gear to take and what to leave behind. They'll eventually work up to covering 10 miles (16 kilometers) a day.

Then there's the first aid training and other skills that will help when they're far from civilization, said Scout Master Steve Tyler, who will be accompanied by his sons, including one who is an Eagle Scout and will have just graduated the U.S. Military Academy at West Point.

Aside from being immersed in what Tyler calls "big sky country," he said another highlight is summiting Baldy Mountain — a 12,441-foot (3,793-meter) peak on Philmont's northern boundary not far from the Colorado border.

"Around here, the horizon is about 100 yards away and you're looking at a tall oak tree," Tyler said of his Virginia surroundings. "So it's very, very different out there. It is a special experience."

Source: Fox News National

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Afghan President Ashraf Ghani speaks during the inauguration of the newly-elected parliament in Kabul
Afghan President Ashraf Ghani speaks during the inauguration of the newly-elected parliament in Kabul, Afghanistan April 26, 2019. REUTERS/Omar Sobhani

April 26, 2019

By Rupam Jain and Hameed Farzad

KABUL (Reuters) – Afghan President Ashraf Ghani encouraged newly-elected lawmakers to participate in the peace process with the Taliban as he opened on Friday the first session of parliament since a controversial election.

Ghani has invited thousands of politicians, religious scholars and rights activists to an assembly known as a loya jirga next week to discuss ways to end the 17-year war.

Several opposition leaders have said they will boycott the four-day assembly in Kabul, saying it was pulled together without their input and is being used by Ghani as he seeks a second term in a September presidential election.

“We have presented the peace plan on a regular basis and we are committed to it,” Ghani said in the first session since parliamentary elections marred by technical problems, militant attacks and accusations of voting fraud last year.

“Based on this plan, there will be no peace deal and negotiation that does not have the green card of the parliament,” he added.

Officials from the United States and the Taliban have held several rounds of talks to end the Afghan war.

U.S. negotiator, Zalmay Khalilzad, has reported some progress toward an accord on a U.S. troop withdrawal and on how the Taliban would prevent extremists from using Afghanistan to launch attacks as al Qaeda did on Sept. 11, 2001.

The insurgents have so far rejected U.S. demands for a ceasefire and talks on the country’s political future that would include Afghan government officials.

The loya jirga, a centuries-old institution used to build consensus among competing tribes, factions and ethnic groups, is an attempt by Ghani to influence the peace talks and cement his position for a second term, Afghan politicians and Western diplomats say.

Amid growing political divisions in Kabul, opposition politicians have demanded that Ghani step down when his mandate ends next month, and give way to an interim government to oversee peace talks with the Taliban. Ghani has ruled that out.

The country’s top court said last week Ghani can stay in office until the presidential election in September.

(Reporting by Hameed Farzad, Rupam Jain, Editing by Darren Schuettler)

Source: OANN

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Deputy Attorney General Rod Rosenstein Thursday defended special counsel Robert Mueller’s investigation while slamming former President Barack Obama’s administration for being slow to take action on Russian interference in U.S. elections and ex-FBI Director James Comey for telling Congress the agency was investigating collusion between the Trump campaign and Russia.

“Our nation is safer, elections are more secure, and citizens are better informed about covert foreign influence schemes,” Rosenstein said in a speech to the Armenian Bar Association, marking his first public remarks after the Mueller report was released, reports CBS News.

He also pointed out that the investigation revealed a pattern of computer hacking and the use of social media to undermine elections as “only the tip of the iceberg of a comprehensive Russian strategy to influence elections, promote social discord, and undermine America, just like they do in many other countries,” reports The Wall Street Journal.

The Obama administration also made “critical decisions,” including choosing not to publicize the full story about Russian hackers and social media trolling, “and how they relate to a broader strategy to undermine America,” said Rosenstein.

He noted that the Mueller probe began after Comey disclosed during a hearing before Congress that President Donald Trump “pressured him to close the investigation and the president denied that the conversation occurred.”

Rosenstein said two years ago, when he was confirmed, he was told by a Republican senator that he would be in charge of the probe and that he’d report the results to the American people.

However, he said he didn’t promise to do that, because it is “not our job to render conclusive factual findings. We just decide whether it is appropriate to file criminal charges.”

Source: NewsMax Politics

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FILE PHOTO: The Huawei logo is pictured outside its Huawei's factory campus in Dongguan, Guangdong province
FILE PHOTO: The Huawei logo is pictured outside its Huawei’s factory campus in Dongguan, Guangdong province, China, March 25, 2019. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Ben Blanchard

BEIJING (Reuters) – Britain must get to the bottom of the leak of confidential discussions during a top-level security meeting about the role of China’s Huawei Technologies in 5G network supply chains, British finance minister Philip Hammond said on Friday.

News that Britain’s National Security Council, attended by senior ministers and spy chiefs, had agreed on Tuesday to bar Huawei from all core parts of the country’s 5G network and restrict its access to non-core elements was leaked to a national newspaper.

The leak of secret discussions has sparked anger in parliament and amongst Britain’s intelligence community. Britain’s most senior civil servant Mark Sedwill has launched an inquiry and written to ministers who were at the meeting.

“My understanding from London (is) that an investigation has been announced into apparent leaks from the NSC meeting earlier this week,” said Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing.

“To my knowledge there has never been a leak from a National Security Council meeting before and therefore I think it is very important that we get to the bottom of what happened here,” he told Reuters in a pooled interview.

British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation. The majority of the ministers at the NSC meeting have said they were not involved, according to media reports.

Hammond said he was unaware of any previous leak from a meeting of the NSC.

“It’s not about the substance of what was apparently leaked. It’s not earth-shattering information. But it is important that we protect the principle that nothing that goes on in national security council meetings must ever be repeated outside the room.”

Allowing Huawei a reduced role in building its 5G network puts Britain at odds with the United States which has told allies not to use its technology at all because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

There have been concerns that the NSC’s conclusion, which sources confirmed to Reuters, could upset other allies in the world’s leading intelligence-sharing network – the Five Eyes alliance of the United States, Britain, Australia, Canada and New Zealand.

However, British ministers and intelligence officials have said any final decision on 5G would not put critical national infrastructure at risk. Ciaran Martin, head of the cyber center of Britain’s main eavesdropping agency, GCHQ, played down any threat of a rift in the Five Eyes alliance.

(Writing by Michael Holden; Editing by Mark Heinrich)

Source: OANN

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President Trump on Friday said “no money” was paid to North Korea for Otto Warmbier, after reports that the U.S. received a $2 million hospital bill from Pyongyang for the late American prisoner’s care.

“No money was paid to North Korea for Otto Warmbier, not two Million Dollars, not anything else. This is not the Obama Administration that paid 1.8 Billion Dollars for four hostages, or gave five terroist[sic] hostages plus, who soon went back to battle, for traitor Sgt. Bergdahl!” Trump tweeted Friday.

NORTH KOREA GAVE US $2M HOSPITAL BILL OVER CARE OF AMERICAN OTTO WARMBIER, SOURCES SAY

The Washington Post first reported that North Korean authorities insisted the U.S. envoy sent to retrieve Warmbier, 21, who was a student of the University of Virginia, sign a pledge to pay the bill before allowing Warmbier’s comatose body to return to the United States. Sources confirmed the bill and the amount to Fox News on Thursday.

Sources told the post that the envoy signed an agreement to pay the medical bill on instructions from the president, but a source told Fox News that the U.S. did not ever pay money to North Korea.

The White House declined to comment when asked on the bill, with Press Secretary Sarah Sanders saying in a statement that: “We do not comment on hostage negotiations, which is why they have been so successful during this administration.”

Meanwhile, the president added: “’President[sic] Donald J. Trump is the greatest hostage negotiator that I know of in the history of the United States. 20 hostages, many in impossible circumstances, have been released in last two years. No money was paid.’ Cheif[sic] Hostage Negotiator, USA!”

Warmbier was on tour in North Korea when he allegedly stole a propaganda sign from a hotel. He was arrested in January 2016 and sentenced to 15 years in prison with hard labor in March 2016. Warmbier, for unknown reasons, fell into a coma while in custody and was held in that condition for an additional 17 months.

North Korean officials did not tell American officials until June 2017 that Warmbier had been unconscious the entire time. He died less than a week after he returned to the U.S. North Korean officials, though, have repeatedly denied accusations that Warmbier was tortured, instead claiming that he had suffered from botulism and then slipped into a coma after taking a sleeping pill.

AMERICAN PRISONERS HELD IN NORTH KOREA ON THEIR WAY HOME AFTER POMPEO VISIT, TRUMP SAYS

Fred and Cindy Warmbier sued North Korea over their son’s death and in December were awarded $501 million in damages – money that the Hermit Kingdom will probably never pay.

While the Warmbiers blamed North Korean leader Kim Jong Un, Trump has said he believes Kim’s claims that he did not know about the student’s treatment.

Trump and Kim have met in two separate summits. The most recent, held in February, ended without an agreement on denuclearization of the Korean Peninsula.

Sen. Rob Portman, R-Ohio, told Fox News: “Otto Warmbier was mistreated by North Korea in so many ways, including his wrongful conviction and harsh sentence, and the fact that for 16 months they refused to tell his family or our country about his dire condition they caused.  No, the United States owes them nothing. They owe the Warmbier family everything.”

Last year, the Trump administration was also able to save three American prisoners held by North Korea. Kim Dong Chul, Tony Kim, and Kim Hak Song were all detained in North Korea. Secretary of State Mike Pompeo brought the three Americans home last May, and said they were all in “good health.”

Fox News’ John Roberts, Rich Edson, Nicholas Kalman, and Mike Emanuel contributed to this report.

Source: Fox News Politics

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Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon
Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon, South Korea, April 26, 2019. REUTERS/Kim Hong-Ji

April 26, 2019

SEOUL (Reuters) – K-pop and drama star Park Yu-chun was arrested on Friday on charges of buying and using illegal drugs, a court said, the latest in a series of scandals to hit the South Korean entertainment business.

Suwon District Court approved the arrest warrant for Park, 32, due to concerns over possible destruction of evidence and flight risk, a court spokesman told Reuters.

Park is suspected of having bought about 1.5 grams of methamphetamine with his former girlfriend earlier this year and using the drug around five times, an official at the Gyeonggi Nambu Provincial Police Agency said.

Park has denied wrongdoing, saying he had never taken drugs, and he again denied the charges in court, Yonhap news agency said.

Park’s contract with his management agency had been canceled and he would leave the entertainment industry, Park’s management agency, C-JeS Entertainment, said on Wednesday.

Park was a member of boyband TVXQ between 2003 and 2009 before leaving the group with two other members, forming the group JYJ.

A scandal involving sex tapes, prostitutes and secret chat about rape led at least four other K-pop stars to quit the industry earlier this year.

The cases sparked a nationwide drugs bust and investigations into tax evasion and police collusion at night clubs and other nightlife spots.

(Reporting by Joyce Lee; Additional reporting by Heekyong Yang; Editing by Nick Macfie)

Source: OANN

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