The city had been a British colony for almost a century as a result of the Opium Wars. Beijing pledged to maintain a “one country, two systems” arrangement after the return of its territory. The scheme allowed Hong Kong to maintain a large degree of self-rule in internal affairs, while ceding to the central government issues of national defense and foreign policy. Jiang stepped down from his leadership positions over the course of several years from 2002 onward, making way for the Hu Jintao administration. He is credited with overseeing a peaceful transition of power, in contrast to the more chaotic shifts seen previously in China’s modern history.
The statesman’s last public appearance was in October 2019, when he stood beside President Xi Jinping and other dignitaries during a parade marking the 70th anniversary of the founding of the People's Republic of China. According to his obituary, he battled with leukemia and suffered from multiple organ failure prior to his passing.
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The United Arab Emirates’ Rashid Rover, the first Emirati mission to the moon surface, has been integrated onto a SpaceX Falcon 9 rocket for its historic launch on Wednesday. The four-wheel rover has undergone its final integration process with the launch vehicle - the Hakuto-R Mission 1 lander – which will launch from a spaceport at the Cape Canaveral Space Force Station in Florida at 12:39 pm UAE time. Residents across the UAE will be able to watch the launch online which will be streamed live by SpaceX. It marks the UAE’s first Moon mission, with more rovers to be developed in the future.
The Rashid rover - built by Emirati engineers from the UAE’s Mohammed bin Rashid Space Centre (MBRSC) - is to be sent to regions of the Moon unexplored by humans. As part of the Emirates Lunar Mission, the 10-kilogram robotic explorer will send back images and collect data on lunar soil and dust once it reaches the lunar surface. Over the last five months, the rover was exposed to a series of rigorous internal and external reviews. The reviews were designed to test out every one of the multitudes of systems and subsystems of the rover during the launch stage, cruise stage, and descent stage. At the beginning of the year, the ELM rover completed the assembly and first set of full functional tests of the flight model in the laboratories of MBRSC. This phase of testing included assessments of all the functionality of the hardware and software within all the possible on-surface (lunar) scenarios. This phase also included a heavy vibration test of the model at the EDGE’s Electro-Optics Centre of Excellence (EOCE) laboratories based in Abu Dhabi. In the second phase, the Rashid rover completed a series of environmental tests in Toulouse, France. This included two sections of the evaluation: The first was the final thermal and vacuum tests within the Airbus facility, in which the Rover was heated and cooled to simulate the pressures and temperatures of its journey through space and on the Moon’s surface. The second and last section of the environmental tests included rigorous vibration and shock checks of the flight model at the CNES Labs. For this, the rover was shaken on a vibration table simulating the environment the rover will encounter during the launch atop a SpaceX Falcon 9 rocket as well as be subjected to the same shocks it will experience decelerating in the lunar atmosphere, the intense impact of deployment and touchdown. The tests campaign concluded in Germany with the final phase of checks on the interfaces with the space lander that will safely deliver the rover to the Moon’s surface. This phase also included instrument alignment checks, such as imaging systems, and a final functional test of the integrated system following the environmental campaign. Dr. Hamad al-Marzooqi, Project Manager of the Emirates Lunar Mission, said earlier this year: “MBRSC can’t wait to see Rashid rover begin its long-awaited flight to the moon. The science and technology of this mission are going to help us address major questions about the geologic and surface science of the moon that we’ve been working on for years, and we’re excited to share our journey with the world.” The primary goal of the mission is to study the moon’s plasma and to provide answers about moon dust, the lunar surface, mobility on the moon’s surface, and how different surfaces interact with lunar particles. Ghana’s government is working on a new policy to buy oil products with gold rather than US dollar reserves, Vice President Mahamudu Bawumia has said on Facebook. The move, announced on Thursday, is meant to tackle dwindling foreign currency reserves coupled with demand for dollars by oil importers, which is weakening the local cedi and increasing living costs. Ghana’s Gross International Reserves stood at around $6.6bn at the end of September 2022, equating to less than three months of imports cover. That is down from around $9.7bn at the end of last year, according to the government. If implemented as planned for the first quarter of 2023, the new policy “will fundamentally change our balance of payments and significantly reduce the persistent depreciation of our currency”, Bawumia said.
Using gold would prevent the exchange rate from directly impacting fuel or utility prices as domestic sellers would no longer need foreign exchange to import oil products, he explained. “The barter of gold for oil represents a major structural change,” he added. The proposed policy is uncommon. While countries sometimes trade oil for other goods or commodities, such deals typically involve an oil-producing nation receiving non-oil goods rather than the opposite. Ghana produces crude oil, but it has relied on imports for refined oil products since its only refinery shut down after an explosion in 2017. Bawumia’s announcement was posted as Finance Minister Ken Ofori-Atta announced measures to cut spending and boost revenues in a bid to tackle a spiralling debt crisis. In a 2023 budget presentation to parliament on Thursday, Ofori-Atta warned that the West African nation was at high risk of debt distress and that the cedi’s depreciation was seriously affecting Ghana’s ability to manage its public debt. The government is negotiating a relief package with the International Monetary Fund as the cocoa, gold and oil-producing nation faces its worst economic crisis in a generation. Violent scenes unfolded in the streets of multiple European cities, including Brussels, Antwerp, Amsterdam and Rotterdam on Sunday, as riot police officers clashed with hordes of unruly football fans after the Morocco team bested Belgium 2-0 in the FIFA World Cup in Qatar. Authorities in Brussels used tear gas and water cannons in their effort to rein in the wanton property damage as Morocco fans smashed store windows and set fire to cars, according to AFP. Video posted to social media showed a mob attacking a car and scooters, while another clip featured fans setting off fireworks and cheering.
Riot police reportedly had to seal off parts of the city center, including a popular Christmas market, and some public transit was ordered shut down. In the neighboring Netherlands, authorities were forced to deploy riot police to contain a restless crowd in central Amsterdam, urging people to leave the area of the Mercatorplein square. Two police officials were reportedly injured amid unrest in Rotterdam. Local politicians denounced the hooligans for bringing “shame to real fans” and urged residents to stay away from the city center, even while stressing that the majority of the revelers were behaving peacefully. Brussels Mayor Philippe Close lamented that police had been forced to act “harshly” and belatedly ordered them to arrest the troublemakers. Celebrations in Morocco’s capital of Rabat were comparatively subdued as fans sang and danced to mark their team’s first win in a World Cup match since 1998. Morocco’s next match is against Canada on December 1. Twitter boss Elon Musk has vowed to extend a “general amnesty” to an unspecified number of suspended users, a week after reversing former US President Donald Trump’s lifetime ban from the platform.
“The people have spoken. Amnesty begins next week,” Musk tweeted on Thanksgiving Day. He added “Vox Populi, Vox Dei,” a Latin phrase that means “the voice of the people is the voice of God.” The SpaceX and Tesla CEO launched a Twitter poll on Wednesday, asking if Twitter should “offer a general amnesty to suspended accounts, provided that they have not broken the law or engaged in egregious spam?” Out of more than 3.1 million users who took part, 72.4% voted ‘yes’ and 27.6% voted ‘no’. In a separate message Musk also promised to start freeing and offering up for grabs “vast numbers of handles” that had previously been “consumed” by bots and trolls. Since acquiring Twitter for $44 billion last month, Musk has faced growing criticism for laying off hundreds of employees and reversing the permanent suspensions of multiple notable accounts, including former US President Donald Trump following a similar public vote. While critics claimed that Musk’s actions fuel hate speech, harassment and misinformation, he has rejected accusations he was some kind of “right-wing bogeyman” and insisted that Twitter under his ownership has not banned any leftists, not even for “utter lies.” It remains to be seen how many users would be eligible for amnesty. This week the platform already reinstated Rep. Marjorie Taylor Greene, whose personal Twitter account had been permanently banned since early January 2022 for posting “misinformation” about the Covid-19 pandemic. Musk, however, drew the line at Alex Jones, saying he had “no mercy” for someone who used children’s deaths for clout. Musk had vowed to transform the platform and turn it into a bastion of free speech, saying it was “important to the future of civilization” to have a digital town square where a wide range of beliefs could be discussed. Red Bull has officially announced Daniel Ricciardo’s return to its fold in a ‘third driver’ role for the 2023 Formula 1 season. Ricciardo’s return to Red Bull was all but confirmed during the Abu Dhabi Grand Prix weekend, when first Red Bull motorsport advisor Helmut Marko suggested the deal was done and then Ricciardo himself said it just required his final signature.
On Wednesday Red Bull formally announced that Ricciardo would rejoin it to “assist the team with testing and sim work, as well as commercial activity”. The Race understands that Ricciardo is likely to attend around seven grands prix next season in the role, including the three American rounds. “It is great to bring Daniel back into the Red Bull family,” said team principal Christian Horner. “He has enormous talent and such a brilliant character; I know the whole factory is excited to be welcoming him home. “In his role as test and third driver, Daniel will give us the chance to diversify, assisting in the development of the car, aiding the team with his experience and knowledge of what it takes to succeed in F1.” After being dropped by McLaren with a year to run on his contract, Ricciardo decided against chasing midfield race seats for 2023 and prioritised getting a reserve role at a top team so he could both take a degree of time away from F1 following two difficult seasons at McLaren but also showcase himself in the hope of getting a competitive 2024 opportunity. The Red Bull deal appears to be an ideal fit for his aims. Netherlands, U.K. and Spain among countries investigating claims the stations are used to force Chinese to go home. Portugal became the latest nation to open a probe into allegations that China has been running “illegal police stations” in the country just as Ireland ordered Beijing to shut down its "overseas Chinese police service centre" in Dublin. Portuguese police launched an investigation into China's alleged overseas police "service stations", the Attorney General’s Office confirmed to the Expresso newspaper on Thursday. The authorities are paying “special attention” to the Chinese Embassy in Lisbon after Portuguese lawmakers raised concerns about a report by human rights group Safeguard Defenders in September that Chinese authorities operate 54 “police stations” overseas, including three in Portugal. A growing number of governments including Canada, the United Kingdom, Spain and the Netherlands are investigating reports about Chinese police offices overseas that are accused of coercing emigrants to return home to China to face criminal charges or silencing dissent abroad. Until now, no cases of immigrants living in Portugal having been forced to travel to China are yet known, the Expresso quoted a police source as saying. Also on Thursday, Ireland’s Department of Foreign Affairs ordered the so-called Fuzhou Police Service Overseas Station in Dublin city center to close, Irish media reported. The office opened earlier this year and Chinese authorities said it offered services to Chinese citizens in Ireland such as driving license renewals. However, Ireland’s Foreign Ministry said Chinese officials have never sought permission to set up the station in Dublin. "The Department noted that actions of all foreign states on Irish territory must be in compliance with international law and domestic law requirements," the Irish Times quoted a foreign ministry spokesman as saying. "On this basis, the Department informed the Embassy that the office on Capel Street should close and cease operations.” The Chinese Embassy confirmed that the office has now ceased operations.
China denies reports The Irish statement came after the Dutch government said it would probe service centres in the Netherlands in response to two reports run by broadcaster RTL Nieuws earlier this week. "Appropriate action will be taken. We take this very seriously," a Dutch foreign ministry spokesperson told the station. With 97 laps under his belt after the Abu Dhabi post-season test, Fernando Alonso has had a good taste of the atmosphere at Aston Martin. The Spaniard feels even more confident that he has made the right move.
The two-time world champion explains: “I’m much more optimistic now than when I signed for Aston Martin. “I was 90 percent happy, [then] when they start improving and they finished the season on a high I was 100 percent. This morning, I was 100 percent plus. “The feeling that I have today in the garage with the guys and the potential of the team, the talent that I see in the engineering room here is outstanding. So, I am really, really happy.” Alonso was initially surprised by the mileage of his Aston Martin’s engine. With Alpine, he had to retire to quite a few technically caused DNFs last season – so it’s no wonder this unsettled him. “When they told me the mileage of the engine yesterday night, I was concerned because I said that number is so high on my standards! But we did 97 laps [with] no problem.” But the Aston Martin, on track without sponsors, lasted out. As Alonso is currently on loan at Aston Martin, no other sponsors were allowed on the British Racing Green livery. Alonso’s future with Aston Martin Pedro de la Rosa was also on board as Aston Martin’s Team Ambassador. He was testing the Jaguar challenger with Alonso for the 2002 Formula 1 season. Now, Alonso was reminded of that time. “We entered the garage this morning together and we saw the green car. We both said this is exactly as Jaguar in 2002, but this is completely a different project for sure.” Nevertheless: Alonso wants to avoid getting used to the AMR22. The 2023 Aston Martin will be different, says the Spaniard. “We have to sit down, I have to go through now in my mind everything that I felt. “There are small things and most of them are comfort, it’s not really the balance itself or the behaviour of the car. “I was happily surprised with everything, but this year’s car is not anywhere near what we will run next year. “There was not really anything to get confident [with] or anything like that. It’s not like there’s going to be a continuation of this car [for next year].” The following season will show whether Alonso can assert himself in the next Aston Martin. Soccer teams representing seven European nations at the World Cup have announced their captains will no longer wear the OneLove armband in Qatar after FIFA, which organizes the tournament, said players sporting the bands would be sanctioned. The captains of England, Wales, Belgium, Denmark, Germany, the Netherlands and Switzerland, had originally intended to wear the rainbow armband to promote diversity and inclusion at the World Cup.
“We were prepared to pay fines that would normally apply to breaches of kit regulations and had a strong commitment to wearing the armband. However, we cannot put our players in the situation where they might be booked or even forced to leave the field of play,” the soccer associations said in a joint statement. Three of the teams, England, Wales and the Netherlands, were due to play Monday. “We are very frustrated by the FIFA decision which we believe is unprecedented,” the teams added, vowing to show their support for “inclusion” in other ways. “As national federations, we can’t put our players in a position where they could face sporting sanctions including bookings.” Qatar has come under scrutiny in the lead-up to the tournament over its approach to human rights, including concerns over the conditions of migrant workers and the conservative Persian Gulf state’s stance on LGBT people. Sex between men is prohibited in Qatar and punishable by up to seven years in prison, according to a recent U.S. State Department report.
2022 FORMULA 1 WORLD CHAMPIONSHIP CONSTRUCTOR STANDINGS
Both LNG and oil deliveries have surged since the start of the year, Chinese customs data shows. Russian shipments of gas and oil to China grew significantly over January-October of this year compared to the same period in 2021, China’s General Administration of Customs reported on Sunday.
According to its data, liquefied natural gas (LNG) deliveries jumped by 32% in annual terms, to 4.98 million tons. In dollar terms, the increase was 157% and exceeded $5.3 billion. Russia is currently China’s fourth-largest LNG supplier after Australia, Qatar, and Malaysia. While data shows that China’s imports of the fuel from Qatar also grew over the first ten months of the year, shipments from both Australia and Malaysia have been dropping. While the customs agency does not currently list the physical volume of China’s pipeline gas imports, its data shows that the value of pipeline gas flows from Russia in January-October 2022 soared by 182% compared to the same period in 2021, to $3.1 billion. This makes Russia the second largest supplier of pipeline gas to the Asian nation after Turkmenistan ($8.23 billion). China’s oil imports from Russia also surged over this period, rising by about 9.5% to 71.97 million tons. Deliveries were up 53% to $49.19 billion in dollar terms. As follows from the published data, in both October and September Russia was China’s second largest oil supplier. Saudi Arabia remains the leader, having sold 73.76 million tons of the fuel to China for $55.5 billion over January-October. China has been boosting energy imports from Russia, having taken advantage of discounts Moscow offered earlier this year in an attempt to secure buyers for Russian oil and gas. This came as many traditional importers began shunning supplies from the country amid Ukraine-related Western sanctions. Africa’s highest-ranked team will still look to challenge the Netherlands in the opening clash despite injury to star player. In February, the Teranga Lions secured their first Africa Cup of Nations (AFCON) title after beating Egypt on penalties. The Netherlands have also enjoyed considerable success in their continental exploits, topping their Nations League group and notching two morale-boosting wins against their Benelux rivals, Belgium.
Tough fixture for both Monday’s match will likely represent the greatest challenge in Group A for both teams, who will fancy their chances against Ecuador and Qatar, ranked 44th and 50th in the world, respectively. The contest at Al Thumama Stadium had promised to pit Liverpool’s mercurial centre-back Virgil van Dijk against his former teammate and prolific goalscorer Sadio Mané. However, this year’s Ballon d’Or runner-up picked up a leg injury playing for German champions Bayern Munich and has been ruled out of the tournament, in a big blow to the African champions that has left its supporters in shock. “We know that we have lost a great leader but I think that there will be more players that will show themselves and we must be ready,” defender Kalidou Koulibaly said. Midfielder Nampalys Mendy agreed. “We have to be ready, ready before any eventuality, it’s true that the absence of Sado will harm us enormously … because he is an important player. We have players of great quality too, so we are confident in our quality, and we will do everything to show it.” Still, Micky Jnr, a football journalist specialising in African football, expressed confidence that “this Senegal team will progress from the group”. He expects Senegal to claim, at least, a point against the Netherlands, or “maybe surprise the Europeans with a win”. The midfield battle At the back, both teams boast several world-class options. Van Dijk is joined by the likes of Inter Milan’s Stefan de Vrij and Bayern Munich’s Matthijs de Ligt for the Oranje. Senegal can rely on Chelsea’s Koulibaly and RB Leipzig’s Abdou Diallo. In between the sticks, Senegal seemingly has the upper hand with Chelsea’s Edouard Mendy. Even though the keeper has struggled for form this season, his international experience far outweighs what the Netherlands offers. Dutch manager Louis van Gaal has yet to settle on his number one, but in the past two matches, he handed Ajax shot-stopper Remko Pasveer his first international caps at the ripe age of 39. In midfield, the Oranje boast the likes of Frenkie de Jong and the free-scoring Cody Gakpo, who continues to light up the Dutch Eredivisie with 13 goals and 15 assists in 24 games so far this season. “It is going to be a cagey game; I think the battle will be won in midfield,” says Jnr, who highlights Senegal’s Pape Matar Sarr, a talented footballer with an “excellent work rate” as someone to look out for. Senegal has some exciting options in attack, such as Boulaye Dia, who is currently on loan to Serie A side Salernitana from Villareal. However, Mané will be a huge loss for Senegal, whose defence will have to cope with Memphis Depay who seems to have recovered from an injury. “We have players who play at the highest level, the biggest clubs in the world. We have experience. We have talent. We have a good mixture. But first and foremost, we have team spirit. And I think that’s the start and the key to success. It’s not guaranteed success, of course, but it’s a good way to start,” van Dijk said on Thursday, while also hailing van Gaal’s leadership. “We have a fantastic manager, experienced manager,” he added. “It’s going to be a very big one against the African champions and we’ll do everything in our power to hopefully get a good result and start our World Cup in the best way possible.”
2022 Formula 1 World Championship Drivers' Standings
FORMULA 1 ETIHAD AIRWAYS ABU DHABI GRAND PRIX 2022 - Race Results
The breaking news throughout the first half of November has been dominated by coverage of the sudden collapse of FTX, one of the world’s biggest cryptocurrency exchanges. The crash has shaken the crypto market, lost institutional investors billions – and individual customers millions – led to official investigations of FTX in several countries, and made some question whether the Bitcoin sphere might crash and burn outright, and perhaps cause wider problems for the financial system.
Some take the view that FTX was a fraud all along, ever since its launch in April 2019. If that’s the case, it has grave implications for the US Democratic Party and Ukrainian government, as the company’s corrupt activity may have been used to fund both, openly and secretly. The Ukraine connection On March 14, FTX launched a new online portal for cryptocurrency donations, Aid for Ukraine, in partnership with Ukraine’s Ministry of Digital Transformation. Through this, crypto traders, both large and small, could donate bitcoin and other cryptocurrencies, which FTX would convert into cash for the Ukrainian Ministry of Defense to spend on weapons and other war-related expenses. Very rapidly, the fund claimed to have amassed “over” $60 million in donations. By April 14, it was reported that just over $45.15 million of that sum had been splurged on digital rifle scopes, thermal imagers, monoculars, rations, armor, helmets, military clothing, tactical backpacks, fuel, communication devices, laptops, drones, medical supplies, and a “worldwide anti-war media campaign.” The same records show a further $10 million was spent over the next three months – leaving around $5 million in the bank, so to speak. An Aid for Ukraine social media post on November 15 said this sum was still held in reserve, and that $60 million remained of the total amount of donations received through the portal to date.This seems very odd, particularly given that Ukraine was reported to have received $100 million in bitcoin donations, and then spent almost all of it, between February 24 and March 11 alone, before Aid for Ukraine’s establishment. Are we to believe that – over the course of seven months, from the time the $60 million figure was first publicized to today – no further funds at all have been donated through Aid for Ukraine? Despite the entire crypto community having been able to do so, and being actively encouraged to do so that whole time? Official investigations into FTX, and its founder and CEO Sam Bankman-Fried, have only just begun. However, it seems clear already that he secretly and illegally moved billions stored in the FTX exchange to its sister company Alameda Research, a quantitative trading firm that he also runs. The gaping black hole Bankman-Fried’s sleight-of-hand created meant that, when customers sought to withdraw their money from the exchange, FTX didn’t have the funds to keep up with demand. It seems he was assisted in this underhand ploy by a “back-door” specially created for him in the company’s accounting, which meant sums could be moved into and out of the exchange off the books, and without auditors or FTX employees noticing. Much of the money taken out of FTX by Bankman-Fried has disappeared completely. The US Securities and Exchange Commission and Commodity Futures Trading Commission are particularly looking at whether these stolen client deposits were used to prop up Alameda in any way, which was reportedly struggling financially. There is, as yet, no sign though that these authorities are probing an obvious lead – Aid for Ukraine. Was money moved from FTX to Alameda, then channelled to Kiev to be spent on Western – mainly US – weapons, and indeed other activities that the government and its backers in Washington, London, and elsewhere in Europe and North America would prefer to be kept hidden? Conversely, money raised beyond the initial $60 million total could’ve been funnelled out of Aid for Ukraine by Bankman-Fried to enrich himself, or secretly spent for very different purposes – such as funding the US Democratic Party’s election campaigns. The Democratic Party connection Bankman-Fried is a very well-connected figure in US politics, especially to the Democratic Party. Over the course of the 2020 presidential election cycle, he contributed $5.2 million to two super PACs supporting Joe Biden’s campaign and was the overall second-largest individual donor to Biden that year. Such extravagant spending appears trivial today. In 2021/22, he provided tens of millions to Democratic causes and candidates, becoming the party’s second-largest donor, behind only “spyless coup” specialist George Soros. Bankman-Fried has boasted of meeting policymakers in Washington “every two or three weeks for the last year.” Over 2022, this has included multiple audiences with senior government officials and top Biden advisers at the White House. These meetings escalated in volume around the time that the Ukraine conflict began. On March 7, exactly one week before Aid for Ukraine was launched, his brother Gabe Bankman-Fried – who directs his political operations – visited the White House along with Jenna Narayanan, a Democratic strategist who once worked for the Democracy Alliance, which has been called the “most powerful liberal donor club” in the US. Bankman-Fried himself then visited the White House on numerous occasions in April and May, concurrent with him donating $865,000 to the Democratic National Committee. In early June, mere days after his last recorded White House meet-and-greet, Bankman-Fried announced he would invest up to $1 billion in further funds between then and 2024 to guarantee Biden – or whoever might take his place – won the next presidential election. These activities have been interpreted by many as an attempt by Bankman-Fried to ingratiate himself with politicians to further his commercial interests. It is certainly true that, at the same time, he and FTX high rankers were attempting to influence US lawmakers on crypto regulation, to make the market more favourable for his company. In this context, the promised $1 billion appears to be a dangled carrot, an implied promise of future financing if Bankman-Fried got his way. Accompanying him on some of these visits was Mark Wetjen, FTX head of policy and regulatory strategy, who previously served as commissioner on the Commodity Futures Trading Commission under President Barack Obama – but only some. Were the other meetings related to Ukraine? If so, the $1 billion pledge may have reflected what Bankman-Fried thought could be secretly skimmed from Aid for Ukraine for Democratic Party purposes. It’s conspicuous that in mid-October, he completely disowned that enormous commitment, saying, “That was a dumb quote. I think my messaging was sloppy and inconsistent in some cases.” In repudiating his $1 billion promise, Bankman-Fried also quietly added that he would stop giving any money at all to political causes. It was just days later that it was announced FTX was subject to investigation in Texas for allegedly selling unregistered securities. Jump to a few weeks later, and the company had filed for bankruptcy. Bankman-Fried clearly said something he shouldn’t have back in June – whether he got carried away by all the positive press and high-level access his political donations were receiving and wrote a proverbial check in public he couldn’t privately cash, or his comments drew unwanted attention to how much money was actually flowing into Aid for Ukraine, we do not currently know. But the truth must out. |
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