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UK economy grows as factories get boost from pre-Brexit stockpiling

A worker at perforating company Bion uses a machine at the factory in Reading
A worker at perforating company Bion uses a machine at the factory in Reading, Britain September 22, 2016. REUTERS/Peter Nicholls/Files

April 10, 2019

LONDON, (Reuters) – Britain’s economy unexpectedly grew in February, helped by clients of manufacturers rushing to stockpile goods ahead of Brexit, official data showed on Wednesday.

Gross domestic product grew by 0.2 percent from January, the Office for National Statistics said.

Economists taking part in a Reuters poll had expected zero growth.

Britain’s economy has held up better than many economists expected since the 2016 Brexit referendum although it has slowed ahead of its departure from the European Union and as the world economy loses momentum.

The International Monetary Fund said on Tuesday that Britain would grow by 1.2 percent in 2019 — as long as it avoids the shock of a no-deal Brexit. That would be faster than Germany’s 0.8 percent and only a touch slower than France’s 1.3 percent.

However, Britain still looks set for its weakest growth in a decade this year, according to forecasts from the IMF and the Bank of England which assume a Brexit deal will be done.

Prime Minister Theresa May will seek a new delay to Brexit when she meets EU leaders on Wednesday, just two days before Britain is due to leave the bloc without the cushion of a transition deal.

Wednesday’s data showed that over the three months to February, the economy grew by 0.3 percent, holding at the same pace as in January — which was revised up from a previous estimate — and stronger than a forecast of 0.2 percent in the Reuters poll.

Manufacturing output jumped by 0.9 percent in February from January, stronger than all forecasts in the Reuters poll and accounting for about half of the overall economic growth rate.

The ONS said it seen signs that clients of manufacturers were stockpiling goods to get ahead of any border delays in the event of a no-deal Brexit which was scheduled for March 29 but was subsequently delayed.

An ONS official said orders were being brought forward to beat the Brexit schedule, suggesting a likely drag on the numbers for coming months.

The statistics office said it could not quantify the impact of stockpiling on the data.

Britain’s dominant services sector grew by 0.1 percent in monthly terms in February, held back by the 12th fall in a row in the financial services sector – the longest such run on record — while construction rose by 0.4 percent.

There were signs that the slowdown in the global economy was also weighing on Britain’s economy.

Export volumes fell by 0.4 percent in the three months to February from the three months to November while imports jumped by 6.8 percent.

So far, Britain’s exporters have shown no sign of being helped by the fall in the value of the pound caused by the 2016 Brexit referendum.

The ONS said it could not say whether the increase in imports was driven by pre-Brexit stockpiling.

(Reporting by William Schomberg and Andy Bruce)

Source: OANN

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Kellyanne Conway’s husband rips Trump for ‘pathological’ lying, claims president has ‘disorder’

The husband of White House counselor Kellyanne Conway blasted President Trump on Wednesday, claiming Trump has a problem with "pathological” lying.

George Conway, an attorney who has become an outspoken critic of the president via Twitter messages, posted a thread that began when he called out Trump for claiming that Judge Amy Berman Jackson's sentencing of former Trump campaign chairman Paul Manafort earlier in the day had exonerated the president from the Russian collusion narrative.

“Have we ever seen this degree of brazen, pathological mendacity in American public life?" Conway asked in a tweet. "One day he makes a harmless slip of the tongue, something any mentally balanced person would laugh off. But instead he lies about it. He denies what the world can see on videotape. Even his donors and supporters wonder, what is wrong with him? Why would he feel compelled to tell such an absurd lie?"

GEORGE CONWAY RAMPS UP TRUMP ATTACKS AS KELLYANNE DEFENDS BOSS

Conway then invoked Trump’s recent meeting with Apple CEO Tim Cook, whom the president referred to as “Tim Apple.” Trump reportedly later told RNC donors that he had really said “Tim Cook Apple,” uttering Cook's last name softly, but then reversed course on Twitter when he claimed he called the CEO “Tim Apple” to “save time and words.”

Conway also mocked the president’s two-hour-long CPAC speech, which he called “incoherent.”

“The judge says, in open court, that Manafort’s lawyers’ ‘no collusion’ ‘mantra’ was patently ridiculous because it was irrelevant to the charges at hand- not that there was no proof of collusion, just that whether there was or wasn’t was irrelevant to the proceedings at hand,” Conway wrote. “And yet he lies again – a blatant lie – about what the judge said in open court.”

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Conway later suggested that the president has a “disorder” and that an inquiry needs to be made regarding his “condition of mind.”

“It’s not rational, because it’s a lie that no reasonable person would believe. It undermines his credibility. It’s self-defeating. But these are just two of… how many examples? Hundreds? Thousands? Is it possible to count?” he asked. “At any level of government in this country, in any party, have we ever seen anything like this? It’s beyond politics. It’s nuts. It’s a disorder. Whether or not impeachment is in order, a serious inquiry needs to be made about this man’s condition of mind.”

Instances of the president or members of the Trump family publicly criticizing George Conway have been relatively rare. But one sharply worded Twitter message came in December from Eric Trump.

"Of all the ugliness in politics, the utter disrespect George Conway shows toward his wife, her career, place of work, and everything she has fought SO hard to achieve, might top them all," Eric Trump wrote. "@KellyannePolls is great person and frankly his actions are horrible."

Source: Fox News Politics

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Boy Raises Nearly $5,000 from Hot Chocolate for Border Wall

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Source: InfoWars

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Best Buy names new CEO as Hubert Joly steps down

The CEO credited with reviving a struggling Best Buy is stepping aside.

Hubert Joly, 59, is handing leadership of the reinvigorated electronics retailer to longtime executive Corie Barry, 43, as part of the company's succession plan effective June 11. Barry, who is currently the company's chief financial and strategic transformation officer, will become the fifth CEO in Best Buy's 53-year history and the company's first female CEO.

Joly will become executive chairman of the board after stepping down.

It was only a few years ago when skeptics were ready to write the obituary of Best Buy. But under Joly, who took over as CEO in 2012, the company is being reinvented, focusing on driving online revenue as well as improving the in-store experience as many traditional retailers face dwindling foot traffic and sales. Online sales now account for about 22% of Best Buy's business.

Best Buy is also working to build deeper relationships and increase total revenue from customers who are shopping both online and in stores. That means reducing the time a customer has to spend at the pickup counter.

It's also means expanding services. Its free adviser service where salespeople visit customers at home to make recommendations on TVs and other electronics has been doing well. Last year, it launched a service that costs $199.99 a year that offers unlimited Geek Squad technical support. As of the latest quarter, it has signed up more than 1 million members.

The company is also pushing more into the health field, acquiring a company last year called GreatCall that provides emergency response devices for the aging.

Additionally, Best Buy now offers same-day delivery on thousands of items in 40 metropolitan areas and next-day delivery in 60 metropolitan areas.

Barry has been with the company in various executive jobs since 1999. She became CFO in 2016 and prior to that, served as the company's chief strategic growth officer. She will also join the board of directors, which is expanding to 13 members.

"Today's technology and consumer landscape creates tremendous opportunities for Best Buy to further expand and deepen relationships with our customers and employees, while continuing to drive shareholder value," she said in a statement.

In premarket trading, Best Buy Co. shares dipped less than 1% to $73.

Source: Fox News National

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It's Over for Bernie Sanders

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Before the 2016 presidential race, Bernie Sanders exuded some charm as an unapologetic lefty with a Brooklyn accent. But when his campaign gained traction, the authoritarian took over. Unwilling to concede that Democratic primary voters preferred Hillary Clinton to him -- she had amassed nearly 4 million more votes -- he continued to undermine her all the way up to the party convention. Without a doubt, he helped elect Donald Trump.

Recall this scorched-earth attack, at a rally when Clinton had all but clinched the nomination: "Are you qualified to be president of the United States when you're raising millions of dollars from Wall Street, an entity whose greed, recklessness and illegal behavior helped destroy our economy?"

It happens that those speeches didn't include anything particularly supportive of Wall Street's goals. As a senator, she continually voted against its interests. But she did represent New York, where the financial industry is a major employer and provides the biggest payroll. As a senator from Vermont, Sanders routinely voted money for Lockheed Martin's F-35 fighter jets, a $1.5 trillion boondoggle. Why? Because the F-35 program was employing a lot of Vermonters.

Sanders is no stranger to hypocrisy. Last summer, he praised the Democratic National Committee for greatly reducing the power of superdelegates -- powerful Democrats who can back any candidate, regardless of how the people vote. But in 2016, when it became clear that he was losing the nomination, Sanders beseeched the superdelegates to ignore the voters and support him instead.

Dismissing the will of the people is a Bernie specialty. No one can forget the Nevada Democratic state convention, held after Clinton had won the Nevada caucuses by a comfortable margin. The "Bernie bros" erupted, shouting the C-word at the women running the event. That included its chairwoman, who also received death threats against her and her grandchild.

Forced by circumstances to issue a statement, Sanders didn't condemn the violence until the third paragraph -- and that was quickly followed by a "but" that, in Trumpian fashion, blamed both sides. (We note that the statement has been removed from the official Sanders campaign website.)

The Sanders base has always been heavily weighted in the white gentry. African-Americans, on the other hand, tend to distrust him -- and for good reasons. During the early primaries, he waved off his losses in the Southern states, with their large black electorates, as not mattering.

It didn't help that his top black surrogate, academic Cornel West, had called Barack Obama "a black mascot of Wall Street oligarchs and a black puppet of corporate plutocrats."

There was always a racial undercurrent in the 1960s migration of many New York liberals to Vermont, an overwhelmingly white state with moderate politics. Racial tensions in the city were high, and black militants were not so keen to sit at the knees of white intellectuals and be told what was what. Up in Burlington, white liberals could safely sit in cafes and talk radicalism to one another into the night. Sanders became one of them.

Why Democrats let Sanders, an independent, drop by when he needs their services while they do all the hard work has long been a mystery. While seeking re-election to the Senate last year, Sanders briefly joined the party to run for the nomination as a Democrat. (That way, he could keep a real Democrat off the November ballot.) Once he won, he refused the nomination, allegedly to preserve his independence. Independence from what, a differing opinion?

We shouldn't care that Sanders is old, white and male. And some of his ideas are good. Problem is, he lost his moral authority in the 2016 election of Trump. It should be over for him.

COPYRIGHT 2019 CREATORS.COM

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Man convicted in compound bow-and-arrow shooting death

A man accused of using a compound bow and arrow to shoot and kill another man has been convicted of aggravated manslaughter.

Timothy Canfield was also found guilty Thursday of hindering and a weapons count. The 31-year-old Berlin man now faces up to 55 years in prison when he's sentenced May 16.

Camden County prosecutors say Canfield shot Kereti Paulsen in January 2013.

They say the 25-year-old Cape May Court House man was walking away from a verbal argument that had involved several people when Canfield shot him. An arrow pierced one of Paulsen's veins and he bled to death.

Prosecutors say Canfield made a 911 call after the shooting and pretended to be Paulsen. They also said Canfield provided false information and hid the compound bow and arrows.

Canfield said he acted in self-defense.

Source: Fox News National

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German Bund yield crashes below zero for first time since 2016 as bleak data rattles markets

The German share price index DAX graph at the stock exchange in Frankfurt
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 12, 2019. REUTERS/Staff

March 22, 2019

By Virginia Furness and Dhara Ranasinghe

LONDON (Reuters) – Germany’s 10-year bond yield dived below zero percent on Friday for the first time since October 2016, as a survey showing German manufacturing contracted for a third straight month fueled fears about a widespread European slowdown.

Those concerns were exacerbated when the U.S. manufacturing sector flash Purchasing Managers’ Index (PMI) came in below estimates, triggering an inversion of the U.S. bond yield curve for the first time since 2007.

In a session of eye-popping moves across major bond markets, Germany’s 10-year bond yield slid over 6 basis points to minus 0.032 percent, its lowest since October 2016.

French and Dutch long-dated bond yields hit their lowest since 2016, British gilt yields fell to their lowest since September 2017 and the 10-year U.S. Treasury yields slid 10 bps to 14-month lows.

“We had tentative signs of a stabilization in the economic numbers and then the data came out today and it suggested there is no stabilization,” said Peter Schaffrik, global macro strategist at RBC Capital Markets in London.

IHS Markit’s flash composite Purchasing Managers’ Index measuring activity in German services and manufacturing, which together account for more than two-thirds of the economy, fell to 51.5 in March, its lowest reading since June 2013.

The broader euro zone PMI meanwhile showed that businesses across the 19-country currency bloc have performed much worse than expected this month.

“The narrative behind it isn’t a big surprise … But the size of the surprise is fairly material. These things happen very rarely, and the surprise is what matters the most for market activity,” said Antoine Bouvet, rates strategist at Mizuho.

The bleak data comes after the U.S. Federal Reserve this week abandoned its projections for a rate hike this year and as Brexit uncertainty has grown, bolstering demand for safe-haven assets.

The ripple effects were felt across markets.

The euro fell 0.9 percent to below $1.13, while Europe’s STOXX 600 index tumbled 1 percent. Italian bond yields rose as a “risk-off” mood gripped investors.

In a worrying sign for the European Central Bank, its favored market gauge of long-term inflation expectations fell to 1.4169 — down almost 6 bps from Thursday’s closing levels to its lowest since 2016.

HOW LOW?

Concern about growing recession risks was highlighted by the move in the U.S. bond yield curve. The gap between three-month Treasury bills and 10-year note yields inverted on Friday for the first time since 2007.

In France and Germany, 30-year bond yields slid almost 10 bps each as investors moved up the government bond curve in the hope of getting some yield. They were set for their biggest daily falls since 2016.

Germany’s 10-year yield last hit zero percent on Oct. 21, 2016, when ECB chief Mario Draghi dispelled market concerns about tapering and said the ECB remained committed to its now-ended asset purchase program. Bund yields below zero percent show investors are willing to pay the German government to hold its long-term debt, seen among the safest of assets.

“We think Bund yields can now certainly revisit the minus 0.15 percent area which refocuses investor concerns about the growth trajectory,” said Rabbani Wahhab, senior fixed income fund manager at London and Capital.

(Reporting by Virginia Furness and Dhara Ranasinghe; Editing by Catherine Evans)

Source: OANN

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Alex Jones – Info Wars

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FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid

April 26, 2019

NEW YORK (Reuters) – The Federal Reserve may lower the interest it pays on excess reserves banks leave with it by 5 basis points at its April 30-May 1 policy meeting in a bid to prevent the federal funds rate from drifting higher, Morgan Stanley analysts said on Friday.

This would mark the third such “technical” adjustment on the interest on excess reserves (IOER) following cuts last June and December.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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Tennis - Australian Open - Women's Singles Final
FILE PHOTO: Tennis – Australian Open – Women’s Singles Final – Melbourne Park, Melbourne, Australia, January 26, 2019. Japan’s Naomi Osaka attends a news conference after winning her match against Czech Republic’s Petra Kvitova. REUTERS/Adnan Abidi

April 26, 2019

(Reuters) – World number one Naomi Osaka came from behind in the final set to beat Croatian Donna Vekic 6-3 4-6 7-6(4) on Friday and move into the Porsche Tennis Grand Prix semi-finals.

Osaka comfortably won the opening set but was tested by the Croatian, who pushed her to the limit in the second and third. The Japanese made 45 unforced errors as she struggles to get to grips with swapping hard courts for clay.

Osaka was visibly frustrated and trailed 5-1 in the final set but she refused to give up and found her rhythm to break Vekic twice and prevent her from serving for the match.

In the tiebreaker, a confident Osaka upped her baseline game and had two early mini breaks before wrapping up the match in two hours and 18 minutes. An infuriated Vekic even smashed her racket after losing the match.

“I told myself I didn’t want to have any regrets here,” Osaka said. “I was stressed out when I went down 1-5… but this (comeback) was pretty good because I don’t play really well on clay.”

Earlier, world number three Petra Kvitova came back from a set down to beat Anastasija Sevastova 2-6 6-2 6-3 and move into the tournament’s semi-finals for the third time in her career.

Sevastova had a dream start, breaking Kvitova twice to take a 3-0 lead as the Czech struggled with her first serve. Kvitova also made a slew of unforced errors, with many of her returns going long.

Sevastova used the full width of the court to get the better of Kvitova, who played on the back foot for much of the first set as the Latvian gave her little time to catch her breath.

However, Kvitova recovered in the second set and she broke Sevastova’s serve when she was 3-2 up, winning 10 straight points to take a 5-2 lead. Sevastova looked shaken and was broken again to give Kvitova the second set.

Kvitova took command in the final set and broke a visibly upset Sevastova to take a 3-1 lead before easing into the semis.

“In the first set I missed almost everything. I was pretty slow and she just couldn’t miss,” Kvitova said. “In the second set it was very important for me to stay on my serve and the chance to break her came.”

Kiki Bertens plays Angelique Kerber later on Friday and Victoria Azarenka faces Anett Kontaveit in the last quarter-final.

(Reporting by Rohith Nair in Bengaluru, editing by Ed Osmond)

Source: OANN

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The Latest on fatal pileup on Interstate 70 near Denver (all times local):

10:10 a.m.

Colorado officials say four people have died after a semi-truck hauling lumber plowed into vehicles on Interstate 70, causing a fire so intense that it melted the roadway and metal off of cars.

Authorities had to wait until daylight Friday to confirm the death toll from Thursday’s 28-vehicle pileup because of the devastation caused by the fire.

Six people were taken to hospitals with injuries. Their conditions are unclear.

Lakewood police spokesman Ty Countryman says the driver of the truck who caused the crash sustained minor injuries. He has been arrested on suspicion of vehicular homicide.

Officials say the driver was headed down a hill when he slammed into slower traffic. Countryman says there is no indication the crash was intentional.

____

7:40 a.m.

A truck driver blamed for causing a deadly pileup involving over two dozen vehicles near Denver has been arrested on vehicular homicide charges.

Lakewood police spokesman Ty Countryman said Friday that there’s no indication that drugs or alcohol played a role in Thursday’s crash.

The unidentified driver was headed down a hill on Interstate 70 when he slammed into slower traffic and sparked a massive fire. Countryman said police are looking at whether his brakes were working properly.

He said 28 vehicles were involved, up from the initial 15 vehicles police reported after further sorting through the burned wreckage.

Police still say there were multiple fatalities but are still working to provide an exact number.

The highway is expected to remain closed until Saturday.

Source: Fox News National

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Tiger woods celebrates after winning the 2019 Masters
FILE PHOTO: Golf – Masters – Augusta National Golf Club – Augusta, Georgia, U.S. – April 14, 2019 – Tiger Woods of the U.S. celebrates on the 18th hole after winning the 2019 Masters. REUTERS/Lucy Nicholson

April 26, 2019

Tiger Woods is sending a message that he thinks he still has enough left, emotionally and physically, to win three more major championships to tie Jack Nicklaus’ record 18 titles.

Speaking to GolfTV in his first sit-down interview since the Masters, Woods said he has taken some time off since his victory at Augusta National, which still doesn’t feel real.

“Honestly, it’s hard to believe,” Woods said. “I was texting one of my good friends last night … that I couldn’t believe that I won the tournament. That it really hasn’t sunk in. I haven’t started doing anything. I’ve just been laying there. And every now and again, I’ll look over there on the couch and there’s the jacket.”

That’s the fifth green jacket for the 43-year-old Woods, who hadn’t won a major tournament since the 2008 U.S. Open. Along the way, four back surgeries, a divorce and other personal issues derailed him.

He said he has been spending time with his children – daughter Sam, 11, and son Charlie, 10 – who weren’t born when their father was the most dominant golfer on the planet.

“They never knew golf to be a good thing in my life and only the only thing they remember is that it brought this incredible amount of pain to their dad and they don’t want to ever want to see their dad in pain,” Woods said. “And so to now have them see this side of it, the side that I’ve experienced for so many years of my life, but I had a battle to get back to this point, it feels good.”

He said he hopes – maybe expects — they’ll see this side again.

And no one will take Woods for granted at the PGA Championship at Bethpage Black Course on Long Island, N.Y., which starts May 16.

Woods said he’ll be ready for a course he already conquered once in a major: the 2002 U.S. Open.

“I’m doing all the visual stuff, but I haven’t put in the physical work yet. But it’s probably coming this weekend,” he said.

Before Woods encountered health and personal problems, it was expected that topping Nicklaus’ major mark was “when” and not “if.” Then the certainty went away, but Woods thought he still had a chance.

“I always thought it was possible, if I had everything go my way. It took him an entire career to get to 18, so now that I’ve had another extension to my career – one that I didn’t think I had a couple of years ago – if I do things correctly and everything falls my way, yeah, it’s a possibility. I’m never going to say it’s not.

“Now I just need to have a lot of things go my way, and who’s to say that it will or will not happen? That’s what the future holds, I don’t know. The only thing I can promise you is this: that I will be prepared.”

–Field Level Media

Source: OANN

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Maria Butina, the Russian woman who was accused of being a secret agent for the Russian government, was sentenced to 18 months in prison Friday by a federal judge in Washington after pleading guilty last year to a conspiracy charge.

Butina, who has already served nine months behind bars, will get credit for time served and can possibly get credit for good behavior, the judge said. She will be removed from the U.S. promptly on completion of her time, the judge added, and returned to Russia.

MARIA BUTINA, ACCUSED RUSSIAN SPY, PLEADS GUILTY TO CONSPIRACY

An emotional and apologetic Butina said in court Friday she is “truly sorry” and regrets not registering as a foreign agent.

“I feel ashamed and embarrassed,” she said, adding that her “reputation is ruined.”

Butina has been jailed since her arrest in July 2018. She entered the court Friday wearing a dark green prison jumpsuit and spoke in clear English, with a slight Russian accent.

“Please accept my apologies,” Butina said.

Butina’s lawyer, Robert Driscoll, said after the sentencing they had hoped for a “better outcome,” but expressed a desire for Butina to be released to her family by the fall.

Prosecutors had claimed Butina used her contacts with the National Rifle Association and the National Prayer Breakfast to develop relationships with U.S. politicians and gather information for Russia.

Prosecutors also have said that Butina’s boyfriend, conservative political operative Paul Erickson, identified in court papers as “U.S. Person 1,” helped her establish ties with the NRA.

WHO IS MARIA BUTINA, THE RUSSIAN WOMAN ACCUSED OF SPYING ON US?

In their filings, prosecutors claim federal agents found Butina had contact information for people suspected of being employed by Russia’s Federal Security Services, or FSB, the successor intelligence agency to the KGB. Inside her home, they found notes referring to a potential job offer from the FSB, according to the documents.

Investigators recovered several emails and Twitter direct message conversations in which Butina referred to the need to keep her work secret and, in one instance, said it should be “incognito.” Prosecutors said Butina had contact with Russian intelligence officials and that the FBI photographed her dining with a diplomat suspected of being a Russian intelligence agent.

Fox News’ Jason Donner, Bill Mears, Greg Norman and the Associated Press contributed to this report.

Source: Fox News Politics

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