World Business

CAMARILLO, Calif. —

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The Lundberg Survey of fuel prices says the average national price of gasoline increased 2.6 cents in the past two weeks.

Oil industry analyst Trilby Lundberg says the average cost of regular gasoline Friday was $1.94 a gallon. The reward of mid-grade was $2.07 a four quarts and the price of premium was $2.19 a gallon.

Despite the increase, the price of regular gasoline is $1.16 in this world its level one year since.

Of cities surveyed, the nation’s lowest price was $1.60 in Cheyenne, Wyo. The highest price was $2.39 in Anchorage, Alaska.

Californians paid an average price of $2.27 for gallon for regular-grade gasoline.

Of the California cities surveyed, Los Angeles was the cheapest at $2.24. The highest cost was $2.32 in Fresno.

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BERN, Switzerland —

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The Swiss government said Sunday it will not attend a U.S. Senate hearing on tax havens - an apparent affirm against a U.S. lawsuit aimed at forcing banking hercules UBS AG to hand over data on tens of thousands of American customers.

Switzerland declined an bidding to the March 4 hearing by the Permanent Subcommittee on Investigations, Finance Ministry spokesman Roland Meier related.

The Internal Revenue Service is seeking to force UBS to propensity over records as antidote to an estimated 52,000 U.S. customers who allegedly violated American requisition laws by concealing Swiss accounts worth at least $14.8 billion.

The IRS action filed in Miami came only hours afterward UBS agreed Wednesday to pay $780 million and disclose up to 300 UBS account holders suspected of tax fraud, in a bestow with the U.S. Justice Department.

“Switzerland notes that despite the agreement, U.S. magistrates receive launched a civil lawsuit to match UBS,” Meier said. “Switzerland regrets that the Department of Justice has threatened UBS with unilateral measures, despite cooperation of UBS and Swiss rulers with the U.S. precedents.”

The topic of the March 4 hearing is “Tax haven banks and U.S. tax compliance - obtaining the names of U.S. clients with Swiss accounts.”

Swiss financial authorities be in actual possession of acknowledged that the disclosure of up to 300 suspected tax frauders occurred under stretched pressure from the U.S. Justice Department.

The move prompted anger in Switzerland at UBS’ business practices and what many saw as heavy-handed treatment by U.S. authorities. It also sparked a nationwide debate over the country’s cherished banking secrecy, which more said they fear might come to one end.

The banking industry has helped transform Switzerland into human being of the world’s richest countries.

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UNITED NATIONS

The General Assembly is headed by a leftist Nicaraguan priest, Miguel d’Escoto Brockmann, who routinely rails against the evils of American imperialism. Cuba chairs the Non-Aligned Movement (NAM), an influential Third World political bloc. Libya serves on the Security Council and next year will direct over the 192-member General Assembly.

Even Iran and Sudan, which are subject to U.S.-backed U.N. sanctions, have made their way remote to international respectability.

Rice hopes to bolster the standing of moderates and redouble support for less-ideological practitioners in the U.N. Secretariat, what person. is responsible for managing complicated and far-flung peacekeeping and humanitarian-relief missions, addressing meteorological character change and halting the spread of nuclear weapons. In a show of heed for the U.N. bureaucracy, Rice has pressed for more reliable U.S. funding.

But some U.N. diplomats said the Third World voting blocs have been radicalized by eight years of confrontation with the Bush administration.

“We are coming out of a period to which place in that place had been a self-same fundamentalist confrontation between the United States and multitude in the G77,” said Mark Malloch-Brown, a minister in the British Foreign Office who oversees U.N. affairs.

Others reply hard-line leaders will use their posts to promote policies that are hostile to the United States. “We possess a problem that goes beyond the Bush administration’s unilateralism,” said James Traub, author of a book on the United Nations.

Traub aforesaid the Third World bodies at the United Nations present countries such as Iran, Belarus and Venezuela with an opportunity to exercise influence well beyond their public means.

And, “countries which are our sincere allies behave at the U.N. as if they are not,” he said. For case, he before-mentioned, Egypt and Pakistan, pair greater recipients of U.S. aid, routinely oppose the United States.

Still, D’Escoto said he is eager to moil with the new administration. “I didn’familiarily consider I would lively to see the time when you had such a really reasonable and constructive attitude forward the part of the leadership of [the United States],” he said.

John Bolton, the former U.S. ambassador to the United Nations, said efforts to engage will give few concrete results from countries that remain committed to weakening the United States. “I think all countries in the U.N. pursue their own national interest,” he said. “The only one that gets criticized toward that is the United States.”

Heraldo Munoz, the U.N. ambassador from Chile, which is a member of the Group of 77, conceded that the group has been radicalized and that moderates not often protest.

“There is a silent majority that oftentimes is not taken into full consideration because the silent majority don’privately declare out,” he said.

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MINGORA, Pakistan

The Taliban leader in Swat, however, reported the militants would only decide on whether to halt quarrel for good after a 10-day cease-fire announced last Sunday expires

The twists underscored the fragile mind of peace talks in Pakistan’sitting northwest, where al-Qaida and Taliban militants have established strongholds. Past peace deals have collapsed, including one last year with militants in Swat that security officials said simply allowed the insurgents to regroup.

Roadside bombing

Also Saturday, a roadside bomb killed one person elsewhere in Pakistan’s chaotic northwest along a supply way that is used heavily by U.S. and NATO forces in Afghanistan. Meanwhile, the mother of one American kidnapped in southwestern Pakistan issued the family’s elementary public seek reference of the case in favor of his release.

Taliban fighters in the Swat Valley have beheaded opponents, torched girls schools and terrorized the police to gain control of much of the one-time tourist haven, despite a lengthy military offensive. Hundreds have been killed and up to a third of the valley’s 1.5 million residents have fled, make the government increasingly desperate to pacify the area.

In talks with a hard-line, Taliban-linked cleric, the government agreed Monday to impose Islamic enactment in Swat and surrounding areas whether the extremists stop fighting. It also suspended the military offensive, though it did not pull deficient in troops. The cleric, Sufi Muhammad, was dispatched to persuade the militants to agree to peace.

Swat Valley Taliban leader Maulana Fazlullah said the Taliban still had to agitate the apportion. “We choose consult again after the 10-day cease-fire,” he said in a radio address. “We will also observe a unchanging cease-fire if the government takes practical steps.”

The U.S., NATO and Britain

Islamic ordinance

The lawful changes they have publicly mentioned are technical, and do not entangle the harsh interpretations of Islamic law adhered to by many Taliban, such as banning female education.

Al-Qaida and Taliban fighters hidden in sanctuaries in northwestern Pakistan have managed to strike at the Western military effort in Afghanistan exclusively of intersection the border, by dint of. attacking traffic forward the huge real estate supply route to the Khyber Pass.

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BEIJING

Clinton cited the “alarming opportunity” before Washington and Beijing as they unite without interruption “one of the most prominent issues that has ever, ever faced humanity.” But Clinton skated over the more contentious issue of China’s human-rights attestation.

After touring an energy-efficient, low-polluting power-generating settle built partly with U.S. technology, Clinton noted that China had surpassed the United States last year as the largest emitter of greenhouse gases on the planet. She urged the two sides to work together in researching renewable-energy sources, less-polluting technologies and energy efficiency.

“What we hope is that you won’t make the same mistakes we made, for the cause that I don’t think each China or the world could afford that,” Clinton said.

To the in sight relief of China, Clinton downplayed issues of human rights and religious freedom, by-word they were raised in her meetings but that the administration of President Obama saw vantageground to operating through Beijing on areas of greater agreement.

“It is essential that the United States and China have a cooperative, certain relationship,” Clinton said at a news conference with Foreign Minister Yang Jiechi.

Several human-rights groups decried Clinton’s suggestion that sympathetic rights would not be a priority in U.S. engagement by China. Amnesty International said it was “shocked and extremely disappointed.”

Another vindication group, China Human Rights Defenders, said police confined some dissidents to their homes during Clinton’sitting weekend call upon to Beijing. Among those subordinate to lockdown was constitutional scholar Zhang Zuhua, one of hundreds of dissidents who late last year signed Charter ‘08, which calls for greater civil rights and political reforms.

Clinton’s stop in China is the last in her four-nation Asian tour, which already took her to Japan, Indonesia and South Korea. She described her capital foray abroad at the same time that a “listening” tour.

She met with President Hu Jintao and Premier Wen Jiabao after holding a 90-minute session with Yang, who said he would travel to Washington on March 9 to prepare the groundwork for a meeting between Hu and Obama during a summit of G-20 nations in London in April.

Clinton voiced hopes that the utmost height would bring about “a new between nations financial system that will provide supervision individually for cross-border capital flows.”

She dismissed concerns that China might decrease its purchasing of U.S. Treasury notes, limiting Washington’s capacity to engage in shortage. expenditure. China is the earth’s largest holder of U.S. debt, guarding about $700 billion in T-notes.

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WASHINGTON

Levy’s parents said police officials told them late Friday they planned to make an arrest within “the next couple of days.”

Susan Levy, Chandra’s natural, said Saturday that she was told by Police Chief Cathy Lanier and Lt. Michael Farish, a supervisor of the department’s cold-case squad, that investigators had made a breakthrough.

Chandra Levy, 24, an intern for the federal Bureau of Prisons, was having an affair with Gary Condit, a married Democratic congressman from California, when she vanished. Police initially focused on Condit. He was not charged and lost a re-election enjoin in 2002. He has long maintained he had nothing to do with Levy’s disappearance.

Sources speaking on condition of anonymity related police are moving near arresting Ingmar Guandique, 27. About the time of Levy’s disappearance in May 2001, Guandique, a day laborer, attacked two women at knifepoint in Rock Creek Park, where Levy’s remains were found a year later. Guandique is serving a 10-year doctrine at the U.S. Penitentiary-Victorville in Adelanto, Calif., in favor of the couple attacks.

Susan Levy said, “It’s a bittersweet relief. Not that we’ll ever go our daughter back, but we need the reality.”

Levy and her economize, Robert, said Lanier did not identify the suspect. Lanier declined to comment Saturday.

The police investigation into Levy’sitting killing ramped up after The Washington Post in July published a 13-part concatenation on the case that pointed to Guandique as the most pleasing suspect.

He denied any involvement in Levy’s disappearance and dying. “Regarding the girl, Chandra Levy: I don’t understand anything on the eve that case,” he aforesaid in an parley from prison last year.

A law-enforcement functionary who spoke to investigators said Saturday that the dispart in the case came in part from DNA manifest. The officer, who spoke on the condition of anonymity, said DNA evidence was either retested or collected, and it was allied to Guandique. The official said D.C. police have interviewed Guandique at least twice, and the case has been sent to a grand jury.

Condit told an ABC News Washington affiliate on Saturday that he was “glad” for the Levy family and his own.

“It is unfortunate that an insatiable pruriency for sensationalism blocked so frequent from searching for the real answers for so long,” uttered the creator congressman.

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COLUMBUS, N.M.

At the Pancho Villa Cafe, short-order cook Maria Gutierrez whipped up her egg and chopped-tortilla special. Down the street, Martha Skinner brewed coffee for guests at her bed-and-breakfast. Her husband, the local judge, walked to his courtroom to hear the week’sitting entire caseload: one pet owner cited for keeping her dog chained up, some other for allowing her dog off-leash.

Columbus, a installation of 1,800 people clinging to a wind-swept patch of high desert in meridional New Mexico, was a picture of tranquillity.

But less than 3 miles south, in the once-quaint Mexican town of Palomas, a war is being waged. In the past year, a drug falling out that has killed more than 1,350 in sprawling Ciudad Ju

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Columbus is on edge. A haven for baby-boomer retirees seeking cheap maintenance, small-town values and blissful, grant that unpolished, solitude, Columbus can’t perfectly believe that a bloody brangle has broken out on its doorstep.

The anxiety spiked recently when Columbus disbanded its five-member police phalanx after a local political wrangle, putting its safety in the hands of the county sheriff based a half-hour’s drive away. Many are ruing the decision. Angry and fretful residents packed a recent hamlet trustees meeting to argue the particular occurrence.

“What is going on across the border is going to go on concerning a while, folks,” said Joseph Rivera, a kingly outline with a bushy, silver mustache who works as far as concerns the U.S. Customs and Border Protection Agency. “People are leaving Palomas like jack rabbits and coming in the present state.”

Robert Odom, a previous town trustee, warned that the town was pushing its luck. “So far, knock upon wood, it’s been narco-traffickers attacking their confess tribe,” he said. “But it’s only a matter of time before it spills over here.”

The last time an internal war in Mexico spilled over into Columbus, as each limited schoolchild knows, was in 1916, when Mexican revolutionary Francisco “Pancho” Villa led a inroad that killed 18 Americans and touched off a major international incident. A yearlong U.S. soldierly expedition in Mexico failed to capture him.

Time healed those wounds, yet. A state park and a handful of businesses in Columbus bear Villa’s name. And the town celebrates his assault each March by alluring Mexicans on horseback by to re-enact the raid.

Cross-border ties

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WASHINGTON

This abridgment will come in large part through Iraq troop withdrawals and higher taxes on the wealthy.

Obama’s budget outline, which he will release Thursday, also will confirm his intention to give forth this year on campaign promises on health vigilance and force policy.

Obama inherited a deficit for 2009 of on the eve $1.2 trillion, which will rise to more than $1.5 trillion, given initial spending from his just-enacted provocative package.

His budget blueprint towards the 2010 financial year, which begins Oct. 1, devise comprise a 10-year projection showing the annual deficit declining to $533 billion in the 2013 financial year, the last year of his bourn, officials aforesaid. A reduction of that magnitude would more than meet the president’session goals beneficial to reducing the shortage..

Measured against the size of the economy, that would means a reduction from a deficit equal to more than 10 percent of gross domestic fruit

Radio address

In his weekly radio and Internet address Saturday, Obama declared his foremost budget was “sober in its assessments, honest in its accounting, and lays out in detail my strategy for investing in what we need, cutting what we don’familiarily, and restoring fiscal discipline.”

“We can’t engender sustained growth in the absence of getting our deficits under control,” he added.

Obama choose propose to tax the investment revenue of hedge-fund and private-equity partners at indifferent income-tax rates, which are as high as 35 percent and could return to 39.6 percent under Obama’session plans, instead of at the capital-gains traduce, what one. is 15 percent at most.

Senior Democrats in Congress joined with Republicans in 2007 to resist that increase, signaling a fight ahead. But with Wall Street discredited and lucrative executive compensation a political target, the providing could evince more familiar among lawmakers, even if it would not lead in much money until the economy recovers.

Obama also will call notwithstanding letting the Bush tax cuts forward income, dividends and capital gains lapse after 2010 on this account that individuals who make more than $250,000 a year. As a candidate Obama called for immediately repealing those tax cuts; he decided instead to keep them in place through 2010, as scheduled, reflecting the widespread belief that raising taxes further depresses economic activity.

As in opposition to war costs, Obama’s campaign projected that withdrawing combat military force from Iraq would save about $90 billion a year. But it is not clear how a great deal of any savings would be offset by means of increased spending in Afghanistan, to which place Obama has ordered an additional 17,000 troops, bringing the total there to 56,000.

Obama also devise proposes maintaining the tax on estates worth more than $3.5 million, instead of letting it expire next year. And he will propose “a fairly aggressive effort on impost enforcement” that would target tax havens and corporate loopholes, among other provisions, said a senior official who declined to be identified.

Recovery plan

The budget resolution provide the first clues of how Obama will reassert fiscal discipline after signing into decree a $787 billion economic-recovery plan last week.

As difficult as cutting the deficits will be, much of the reduction by the end of his member will reflect an end to spending from the two-year stimulus package and

Obama will propose cutting a variety of programs, among them the Medicare Advantage subsidies for insurance companies that cover seniors who can else acquire health coverage directly from the government.

Private contractors

Another mark is spending on private contractors, especially on account of the sake of defense, which spiked during the Bush the government. And he will scale back some promises, including his proposal to double money for foreign aid.

The store Thursday will successive increase of effect a week of reminders of the nation’s financial plight. On Monday, Obama will hold a “fiscal responsibility summit” at the White House with members of Congress from as well-as; not only-but also; not only-but; not alone-but parties, economists, union leaders and business representatives.

On Tuesday he will address a united session of Congress

Obama will inflate his budget challenge by forsaking several gimmicks that former President George W. Bush used to make deficits look smaller. He will include war costs in the parcel; Bush did not, and instead sought supplemental money from Congress each year.

Obama also will not calculate savings from laws that establish lower Medicare payments beneficial to doctors and expand the alternative minimum tax to hit more taxpayers, the one and the other of which Bush and Congress routinely took trust for, time knowing they would later renounce the laws to raise doctors’ payments and check the reach of the tax.

Details in April

Full particulars of Obama’session fiscal 2010 budget will be released in April, which is figurative timing for a new president. The outline Thursday will make unobstructed that he intends to push ahead this year on promises to contain health-care costs and expand insurance coverage, and to move toward an energy cap-and-trade system for controlling emissions of gases blamed for climate change.

The dual goals will test the president’s legislative skills in a Congress where Republicans already showed by their opposition to the stimulus package that they not inclined to compromise. And more Democrats are nervous that Obama will overreach.

“The president believes there are essentially three areas that have to move forward even being of the kind which we reduce back elsewhere: hale condition care, manliness and education,” reported senior adviser David Axelrod. “These are the bulwark of a strong economy affecting forward.”

Health-care costs

The ballooning require to be paid of health like, and thus Medicare and Medicaid, is the biggest factor behind projections of unsustainable deficits in coming decades.

“He wants to not heedless an honest budget, he wants to converging-point on health care, and he will cut the deficit by at least half by means of the end of his first term,” said Peter Orszag, director of the White House Office of Management and Budget.

Obama in his budget will suggest that expanding health coverage to the more than 46 million uninsured be able to have being effected free from adding to the deficit, by cost-saving changes in the delivery of care and by the agency of dint of. raising revenues.

Changes to the health-care system will require investments in disease-prevention programs, health-information technology and exploration put on cost-effective treatments, among other steps. Some money for that was included in the stimulus package.

Bush tax cuts

During the campaign, Obama said he would finance health care by repealing the Bush assess tribute upon cuts because the splendid. He will propose instead to hallow those revenues to deficit resolution.

On energy policy, Obama’s budget will show unused revenues by 2012 from his proposal to require companies to buy permits from the government for greenhouse-gas emissions above a certain head.

The Congressional Budget Office estimates that would arise to $300 billion a year by the agency of 2020.

Since companies would pass their costs on to customers, Obama would have the government use most of the revenues for relief to families to offset higher avail bills and related expenses.

The remaining revenues would cover his proposals for $15 billion a year in expenditure and tax incentives to develop alternative animal spirits.

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Puget Energy, Washington’s largest utility, has agreed to barter virtually all the green power produced by its wind farms for the nearest two years to Southern California Edison.

The trade, coming right after Puget was sold to an international investor group, could combustible matter some grumbling: The Australians are at this moment wholesaling Puget’s complete manliness to the Californians.

“People who believe you can follow the green electron down the line” may bristle at the thought of selling that strength without of state, says Robert McCullough, a Portland energy consultant. But in fact, “once you put them on the grid, you have endowment to’t declare them apart — a color mixed of blue and yellow electron and a brown electron are just figments of our plastic power.”

Still, there’s a distinct place of traffic for the green ones.

California requires investor-owned utilities to obtain 20 percent of their capacity from renewable sources by 2010. SoCal Edison is now at 16 percent, so “we’re still out in the marketplace,” says Mike Marelli, its manager for such deals. Washington’s mandate for 15 percent of energy from renewable sources doesn’t fully kick in until 2020, leaving Puget room to sell its green energy in the in the interim.

Puget quietly auctioned off the power from its wind farms in December, while its $7.4 billion vent to investors led by Australia’session Macquarie Group awaited final affirm regulatory approval.

The buyout closed Friday, Feb. 6; the following Monday, high bidder SoCal Edison disclosed the two-year wind-energy deal in a filing with California regulators.

Profit motive away, McCullough says such a transaction could make environmental sense. The Southland’session existing power plants “are 50 years old and therefore environmentally dirtier and less efficient” than Puget’sitting lately built natural-gas plants. So even on the supposition that Puget has to run those plants while it sells wind power to California, the get validity is lower emissions, he says.

Puget spokeswoman Martha Monfried says the proposed deal “is constituent of a bigger settlement that we’re trying to reach” to end a long-standing legal battle that Puget, like other utilities, has fought with California utilities since the energy crisis of 2000-2001.

Puget claims in that litigation that it’s owed $21 the public from power sales made in 2000, according to Clearing Up, a Seattle-based energy newsletter. Neither Puget nor SoCal Edison would discuss the rest of the potential settlement.

Puget’s wind farms at Hopkins Ridge in Columbia County and Wild Horse in Kittitas County together produce an estimated 1.1 very great number megawatt-hours (MWh) a year. The SoCal Edison deal calls for delivering 2 million MWh, beginning as soon as June, assuming regulators prize.

Specific terms are confidential, but Marelli says the price is somewhere south of 10 cents by kilowatt-hour. That suggests the act is worth less than $200 million.

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Used wisely, plastic be able to be a convenient tool end which you can establish and build up a sound credit history. But at the time that misused, a regard card have power to ruin your credit record, hobble your personal finances and even part potential employment opportunities. To arrive some insights ready the ins and outs of credit cards and how to use them to their best superior situation, Bankrate spoke with Ruth Susswein, deputy director of national priorities at Consumer Action, a national nonprofit advocacy and education organization.

Q: What advantages does a credit-card be at hand to users?

A: A credit card, of course, gives you the opportunity to take out an immediate loan whenever you want to become a big purchase — without first having to go to a bank and petition that loan. A regard card also affords you some “float” with your money, meaning that you don’t esteem to commit all of your money at person life to making a major hold. And if you’re new to the world of credit, using a credit card wisely is a terrific method through that you can establish a credit record.

Q: What do “newbies” need to be aware of when they put despite their first greater credit card?

A: It’sitting most important to take heed at the card’s APR (annual percentage rate), because so many of us underestimate the way that we’ll pay off our bills. We never expect to get a long delayed fee; we never expect to go over our limit. Yet, sometimes, through no fault of our own, we do, and then we deal with whole of these punitive fees. So realize that even though you may not design to carry a balance, in the event that you do — and the greater number of us do — be active sure the card that you get has either a low rate or a reasonable reprove, and then look at the other fees.

Q: What other things should newcomers bear in mind before opening an narration?

A: For someone who is just starting in a puzzle, if he sees an offer or gets some volunteer in the place of a tolerably great repute card in the mail pitching credit lines of “up to $10,000,” let’s say, they should be keenly aware of the keywords in that offer. Just because it says you might be able to become a credit line of “up to $10,000″ doesn’t automatically mean that you’ll get that amount. As a matter of fact, if you’re new to the world of credit, you’re likely to get nowhere near that amount. They testament look at your credit annals whenever they decide how a great quantity enter upon the credit side you truly will receive.

Q: Does it matter where you open up the credit-card account?

A: There are times when a credit union may furnish better rates and wagerer fees, but in the end, your settlement regarding your choice of belief card should be based onward what it’s going to cost you. A credit card basically is a commodity, and you have to look at what it’sitting going to cost you should you carry a equipoise. You need to know what interest rate they’re going to charge and what the fees are. And then you need to look at what additional benefits the credit-card issuer is going to offer you.

Q: Who should consider applying for a secured credit card?

A: Secured credit cards are there specifically for people who cannot get an unsecured card for some reason or one more. Such people, in most cases, have had credit-card problems in the past and in such a manner they are just not eligible during an unsecured credit card. And a secured credit card is one effective, legitimate way as far as concerns certain people to establish or re-establish a good credit annals.

Q: When should a responsible son or daughter get a credit card?

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