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Share the View 2: Job Market Isn't Driving a Fed Hike
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Sep 04, 2015
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<td style="padding-left: 15px; padding-right: 15px"><p><span class="top=c-title" style="font-family:'Arial Black', sans-serif;font-weight:bolder=color:#00b9e7;font-size:13px;text-transform:uppercase;line-height:1.6em"><= href="http://link.mail.bloombergview.com/click/5082761.14650/aHR0cDovL3=y5ibG9vbWJlcmd2aWV3LmNvbS90b3BpY3MvdS1zLWVjb25vbXk/55086a4c3b35d051538c3B39c531a1" style="text-decoration:none;color:#00b9e7;line-height:1.6em=>U.S. Economy</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Mohamed A. El-Erian:</span> <span class="topic-=ontributor-quote" style="font-family:Georgia, serif;font-weight:normal;c=lor:#333333;font-size:17px;line-height:1.6em;text-transform:none">"On its =wn, this report probably wasn't sufficiently decisive to tip the Fed's dec=sion -- one way or the other -- about when to begin its campaign to raise =nterest rates for the first time in more than nine years. It didn\u2019= provide the kind of strong data that suggests the U.S. economy could easi=y withstand the adverse impact of weaker global growth and financial marke= volatility -- a clarity that would have provided clear justification for = hike in September. But nor did the August data clearly signal that such a=move would be ill-advised."</span> <span class="topic-read-more" style="font-family:Arial, sans-serif;text-decoration:none;color:#00b9e7;font-w=ight:normal;font-size:17px;line-height:1.6em;text-transform:none"><a href="http://link.mail.bloombergview.com/click/5082761.14650/aHR0cDovL3d3dy5i=G9vbWJlcmd2aWV3LmNvbS9hcnRpY2xlcy8yMDE1LTA5LTA0L3RoZS1mZWQtYW5kLXRoZS1qb2J=LXJlcG9ydA/55086a4c3b35d051538c37ccBeb656bd0" style="text-decoration:non=;color:#00b9e7;line-height:1.6em">Read more...</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Mark Whitehouse:</span> <span class="topic-cont=ibutor-quote" style="font-family:Georgia, serif;font-weight:normal;color=#333333;font-size:17px;line-height:1.6em;text-transform:none">"Has the U.S= job market recovered enough for the Federal Reserve to start pulling back=on economic stimulus, ending an unprecedented period of near-zero interest=rates? Judging from how the Fed has acted in the past, it could wait awhil= longer."</span> <span class="topic-read-more" style="font-family:Aria=, sans-serif;text-decoration:none;color:#00b9e7;font-weight:normal;font-si=e:17px;line-height:1.6em;text-transform:none"><a href="http://link.mail.=loombergview.com/click/5082761.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvb=9hcnRpY2xlcy8yMDE1LTA5LTA0L2pvYi1tYXJrZXQtZG9lc24tdC1qdXN0aWZ5LWEtcmF0ZS1p=mNyZWFzZQ/55086a4c3b35d051538c37ccB902e2a0d" style="text-decoration:none=color:#00b9e7;line-height:1.6em">Read more...</a></span></p>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/click/508v1.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS90b3BpY3MvZXVyb3BlYW4tZWNv=m9teQ/55086a4c3b35d051538c37ccBc814af0c" style="text-decoration:none;col=r:#00b9e7;line-height:1.6em">European Economy</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">The Editors:</span> <span class="topic-contribu=or-quote" style="font-family:Georgia, serif;font-weight:normal;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">"The case for a =ore forceful stimulus is already strong. [European Central Bank President =ario] Draghi said the ECB has (again) downgraded its forecasts for output =nd inflation. Even by 2017, it expects growth of less than 2 percent and w=rns there may be spells of falling prices. But with short-term interest ra=es on the floor and QE proceeding at a brisk pace, the central bank acting=alone lacks options. It has soothing words and not much else. The responsi=ility for reviving growth in Europe mainly rests with governments."</span>=<span class="topic-read-more" style="font-family:Arial, sans-serif;tex=-decoration:none;color:#00b9e7;font-weight:normal;font-size:17px;line-heig=t:1.6em;text-transform:none"><a href="http://link.mail.bloombergview.com=click/5082761.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS9hcnRpY2xlcy8yMD=1LTA5LTA0L2V1cm9wZS1zLWVjb25vbXktbmVlZHMtYWN0aW9uLW5vdC13b3Jkcw/55086a4c3b]051538c37ccB54d36eb7" style="text-decoration:none;color:#00b9e7;line-h=ight:1.6em">Read more...</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Mark Gilbert:</span> <span class="topic-contrib=tor-quote" style="font-family:Georgia, serif;font-weight:normal;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">"European Centr=l Bank President Mario Draghi was asked on Thursday whether his institutio= should consider revising its 2 percent inflation target. 'It would test o=r credibility if we were to change the target when it's taking more effort=to achieve that target,' Draghi replied. 'There hasn't been any discussionout changing the target for inflation.' With the ECB cutting its own forsts for the next three years, however, it's time the central bank faced =p to reality and admitted defeat -- and no shame should attach to that bac=track."</span> <span class="topic-read-more" style="font-family:Arial,=sans-serif;text-decoration:none;color:#00b9e7;font-weight:normal;font-sizepx;line-height:1.6em;text-transform:none"><a href="http://link.mail.bl=ombergview.com/click/5082761.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS9=cnRpY2xlcy8yMDE1LTA5LTA0L2VjYi1zaG91bGQtYWJhbmRvbi1mYW50YXN5LW9mLTItcGVyY2=udC1pbmZsYXRpb24tZ29hbA/55086a4c3b35d051538c37ccBb50dbb45" style="text-d=coration:none;color:#00b9e7;line-height:1.6em">Read more...</a></span></p>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/click/508v1.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS90b3BpY3MvZW5lcmd5/55086a4;35d051538c37ccBfb074800" style="text-decoration:none;color:#00b9e7;lin=-height:1.6em">Energy</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Matthew A. Winkler:</span> <span class="topic-c=ntributor-quote" style="font-family:Georgia, serif;font-weight:normal;co=or:#333333;font-size:17px;line-height:1.6em;text-transform:none">"Cheap oi= should be good economic medicine for almost anybody who isn't trying to s=ll the stuff. Yet only one country has been able to take full advantage of=the 14-month collapse in the price of crude: the U.S."</span> <span class="topic-read-more" style="font-family:Arial, sans-serif;text-decoration=none;color:#00b9e7;font-weight:normal;font-size:17px;line-height:1.6em;tex=-transform:none"><a href="http://link.mail.bloombergview.com/click/50827=1.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS9hcnRpY2xlcy8yMDE1LTA5LTA0L3=oeS10aGUtdS1zLWdldHMtdGhlLW1vc3Qtb3V0LW9mLWNoZWFwLW9pbA/55086a4c3b35d051537ccB42842f75" style="text-decoration:none;color:#00b9e7;line-height:1.=em">Read more...</a></span></p>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/click/508v1.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS90b3BpY3MvaW1taWdyYXRpb24/P86a4c3b35d051538c37ccB0d65582b" style="text-decoration:none;color:#00b;line-height:1.6em">Immigration</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Leonid Bershidsky:</span> <span class="topic-co=tributor-quote" style="font-family:Georgia, serif;font-weight:normal;col=r:#333333;font-size:17px;line-height:1.6em;text-transform:none">"Calls are=getting louder for the oil-rich Gulf states to take in more Syrian refugee=. In the Arab world itself, the opinion that they are not doing enough is =idespread. Those countries, however, may not really be suitable destinatio=s for the asylum seekers -- precisely because of their often deceptive cul=ural closeness to most of the Syrians fleeing the conflict."</span> <span =lass="topic-read-more" style="font-family:Arial, sans-serif;text-decor=tion:none;color:#00b9e7;font-weight:normal;font-size:17px;line-height:1.6e=;text-transform:none"><a href="http://link.mail.bloombergview.com/click/2761.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS9hcnRpY2xlcy8yMDE1LTA5LL3doeS1kb24tdC1ndWxmLXN0YXRlcy1hY2NlcHQtbW9yZS1yZWZ1Z2Vlcy0/55086a4c3b351538c37ccBb83dd6da" style="text-decoration:none;color:#00b9e7;line-hei=ht:1.6em">Read more...</a></span></p>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/click/508v1.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS90b3BpY3MvY2hpbmE/55086a4c5d051538c37ccB61df5916" style="text-decoration:none;color:#00b9e7;line=height:1.6em">China</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Noah Smith:</span> <span class="topic-contribut=r-quote" style="font-family:Georgia, serif;font-weight:normal;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">"China is already=the world's largest economy by some measures, such as purchasing power par=ty. It's clear, however, that the country's growth is slowing. Growth dipp=d from roughly 10 percent to about 8 percent in 2012, and is falling again=amid the current slowdown. When the country recovers from its slump, how m=ch more expansion can we expect before it settles down into a nice, slow, =teady pace like every other fast-growing 'miracle' country eventually does="</span> <span class="topic-read-more" style="font-family:Arial, sans-=erif;text-decoration:none;color:#00b9e7;font-weight:normal;font-size:17px;=ine-height:1.6em;text-transform:none"><a href="http://link.mail.bloomber=view.com/click/5082761.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS9hcnRpY=xlcy8yMDE1LTA5LTA0L2NoaW5hLW1heS1uZXZlci1nZXQtcmljaA/55086a4c3b35d051538c3B5a441e0a" style="text-decoration:none;color:#00b9e7;line-height:1.6em=>Read more...</a></span></p>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/click/508v1.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS90b3BpY3MvdGVjaA/55086a4c35d051538c37ccB86684f87" style="text-decoration:none;color:#00b9e7;line-=eight:1.6em">Tech</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Adam Minter:</span> <span class="topic-contribu=or-quote" style="font-family:Georgia, serif;font-weight:normal;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">"Even as the dev=loped world breathes a little easier, an electronic waste crisis is loomin= in developing nations where smartphones, laptops and other digital produc=s are becoming affordable to billions of new customers, yet the means to d=smantle them safely are largely nonexistent. As a result, the often danger=us and environmentally destructive methods of disposal, if they're not add=essed soon, will have consequences for the developing world far beyond wha= may have been caused by whatever Europe exported in the last few years."<=span> <span class="topic-read-more" style="font-family:Arial, sans-ser=f;text-decoration:none;color:#00b9e7;font-weight:normal;font-size:17px;lin=-height:1.6em;text-transform:none"><a href="http://link.mail.bloombergvi=w.com/click/5082761.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS9hcnRpY2xl=y8yMDE1LTA5LTA0L2dhcmJhZ2UtaW1wZXJpYWxpc20tbm9wZS1hbGwtdHJhc2gtaXMtbG9jYWw=/55086a4c3b35d051538c37ccBdaa84702" style="text-decoration:none;color:#0e7;line-height:1.6em">Read more...</a></span></p>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/click/508v1.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS90b3BpY3MvY3VsdHVyZQ/55086L3b35d051538c37ccBbd2dbc76" style="text-decoration:none;color:#00b9e7;l=ne-height:1.6em">Culture</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Megan McArdle:</span> <span class="topic-contri=utor-quote" style="font-family:Georgia, serif;font-weight:normal;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">"Why can't mem=ers of the sexes be more alike? Why do so many irritating differences pers=st? Feminists' answer has been: cultural and structural sexism. Societies =rain women to take second fiddle to men in work and relationships -- and t=en punish them for trying to break out of their assigned roles. No, say tr=ditional conservatives: Women and men are different, and cultures reflect =hose differences. The conservatives may now be getting some support from a=surprising source: transgender men."</span> <span class="topic-read-more= style="font-family:Arial, sans-serif;text-decoration:none;color:#00b9e7=font-weight:normal;font-size:17px;line-height:1.6em;text-transform:none"><= href="http://link.mail.bloombergview.com/click/5082761.14650/aHR0cDovL3=y5ibG9vbWJlcmd2aWV3LmNvbS9hcnRpY2xlcy8yMDE1LTA5LTA0L3doeS1hLXdvbWFuLWNhbLWJlLW1vcmUtbGlrZS1hLW1hbg/55086a4c3b35d051538c37ccB6d8417d4" style="t=xt-decoration:none;color:#00b9e7;line-height:1.6em">Read more...</a> </spa=></p>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/click/508v1.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS90b3BpY3MvbmV3cy1yb3VuZHVwU086a4c3b35d051538c37ccBe0176263" style="text-decoration:none;color:#007;line-height:1.6em">News Roundup</a></span></p>
<p style="margin-bottom:0"><span class="roundup-contributor" style="f=nt-family:'Arial Black', sans-serif;font-weight:bolder;color:#333333;font-=ize:17px;line-height:1.6em;text-transform:none">Barry Ritholtz</span> <spa= class="topic-read-more" style="font-family:Arial, sans-serif;text-dec=ration:none;color:#00b9e7;font-weight:normal;font-size:17px;line-height:1.=em;text-transform:none">(<a href="http://link.mail.bloombergview.com/cli=k/5082761.14650/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS9hcnRpY2xlcy8yMDE1LT=5LTA0L3JpdGhvbHR6LXMtcmVhZHMteWVzLW1hY2hpbmVzLWFyZS1zdXBwb3NlZC10by1yZXBsY=NlLXBlb3BsZQ/55086a4c3b35d051538c37ccBd67c023a" style="text-decoration:n=ne;color:#00b9e7;line-height:1.6em">Read the news roundup</a>)</span></p>
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<li style="margin-left:18px"><span class="roundup-chatter" style="fon=-family:Georgia, serif;color:#333333;font-size:17px;line-height:1.6em;text=transform:none">Machines do replace humans. In fact, replacing humans is o=ten the point:</span> <span class="roundup-read-more" style="font-fami=y:Arial, sans-serif;text-decoration:none;color:#00b9e7;font-weight:normal;=ont-size:17px;line-height:1.6em;text-transform:none"><a href="http://lin=.mail.bloombergview.com/click/5082761.14650/aHR0cDovL3d3dy50aGVhdGxhbnRpYy=jb20vYnVzaW5lc3MvYXJjaGl2ZS8yMDE1LzA5L2pvYnMtYXV0b21hdGlvbi10ZWNobm9sb2dpY=FsLXVuZW1wbG95bWVudC1oaXN0b3J5LzQwMzU3Ni8/55086a4c3b35d051538c37ccB5b7be6a=" style="text-decoration:none;color:#00b9e7;line-height:1.6em">Read more=..</a></span></li>
<li style="margin-left:18px"><span class="roundup-chatter" style="fon=-family:Georgia, serif;color:#333333;font-size:17px;line-height:1.6em;text=transform:none">The unlikely STEM cities that will power the U.S. economy:=/span> <span class="roundup-read-more" style="font-family:Arial, sans-=erif;text-decoration:none;color:#00b9e7;font-weight:normal;font-size:17px;=ine-height:1.6em;text-transform:none"><a href="http://link.mail.bloomber=view.com/click/5082761.14650/aHR0cDovL3d3dy5ibG9vbWJlcmcuY29tL2dyYXBoaWNzL=IwMTUtc3RlbS1qb2JzLw/55086a4c3b35d051538c37ccB452ea0b5" style="text-deco=ation:none;color:#00b9e7;line-height:1.6em">Read more...</a></span></li>
<li style="margin-left:18px"><span class="roundup-chatter" style="fon=-family:Georgia, serif;color:#333333;font-size:17px;line-height:1.6em;text=transform:none">Hedge funds faced a test in August, and faltered:</span> <=pan class="roundup-read-more" style="font-family:Arial, sans-serif;tex=-decoration:none;color:#00b9e7;font-weight:normal;font-size:17px;line-heig=t:1.6em;text-transform:none"><a href="http://link.mail.bloombergview.com=click/5082761.14650/aHR0cDovL3d3dy5ueXRpbWVzLmNvbS8yMDE1LzA5LzA0L2J1c2luZX=zL2RlYWxib29rL2EtY2hvcHB5LWF1Z3VzdC10ZXN0ZWQtaGVkZ2UtZnVuZHMtYW5kLW1hbnktc=R1bWJsZWQuaHRtbA/55086a4c3b35d051538c37ccB19a59bc6" style="text-decorati=n:none;color:#00b9e7;line-height:1.6em">Read more...</a></span></li>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a spellcheck="false" href="http://link.mail.bloomb=rgview.com/click/5032624.58134/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS90b3B=Y3MvZWFybHktcmV0dXJucw/550873f53b35d051538c7578B7dfe444c" data-rte-spellch=ck="false" data-rte-autocorrect="false" data-rte-autocap="false" dat=-destination="http://link.mail.bloombergview.com/click/5032624.58134/aHRovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS90b3BpY3MvZWFybHktcmV0dXJucw/550873f53b351538c7578B7dfe444c" style="text-decoration:none;color:#00b9e7;line-he=ght:1.6em">EARLY RETURNS</a></span></p>
<p style="margin-bottom:0"><span class="roundup-chatter" style="font-=amily:Georgia, serif;color:#333333;font-size:17px;line-height:1.6em;text-t=ansform:none">Want </span><span class="roundup-contributor" style="fon=-family:'Arial Black', sans-serif;font-weight:bolder;color:#333333;font-si=e:17px;line-height:1.6em;text-transform:none">Jonathan Bernstein's</span> =span class="roundup-chatter" style="font-family:Georgia, serif;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">newsletter?</s=an> <span class="roundup-read-more" style="font-family:Arial, sans-ser=f;text-decoration:none;color:#00b9e7;font-weight:normal;font-size:17px;lin=-height:1.6em;text-transform:none"><a spellcheck="false" href="http://=ink.mail.bloombergview.com/click/5032624.58134/aHR0cDovL3d3dy5ibG9vbWJlcmd=aWV3LmNvbS8_c3Vic2NyaWJlLWZvcm09ZWFybHlfcmV0dXJucw/550873f53b35d051538c75745c183c" data-rte-spellcheck="false" data-rte-autocorrect="false" da=a-rte-autocap="false" data-destination="http://link.mail.bloombergview=com/click/5032624.58134/aHR0cDovL3d3dy5ibG9vbWJlcmd2aWV3LmNvbS8_c3Vic2NyaW=lLWZvcm09ZWFybHlfcmV0dXJucw/550873f53b35d051538c7578B145c183c" style="te=t-decoration:none;color:#00b9e7;line-height:1.6em">Subscribe...</a></span>=/p></td>
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