Posted on 09/30/2008 at 12:04 PMIt’s nice. Mark Chu-Carroll did a nice explanation, not nearly as concise as the above, though. Definitely helps to replace outrage with humour (for those of us to whom outrage seems useless, anyhow).
The important thing to bear in mind is that, regardless, we are going to suffer the consequences. We want this to be over as fast as possible (hah!) and to stave off another bubble for a decade or two.
Posted on 09/30/2008 at 11:34 AMInteresting read: America, Where It Pays to Fail
More than 100 years ago, German sociologist Georg Simmel criticized the banks for being even bigger and more powerful than the churches. His chief complaint—that money is the new god of our times—is still heard today. If Simmel was right, and there are some indications that he was, his statement would have to be modified to suit today’s circumstances: Not all people pray to the same god.
Among the money worshippers, there are at least three faiths. First there are the Puritans, who patiently carry their money to the new churches, hoping that it will multiply. The average Chinese, for example, deposits 40 percent of his income in banks. What laudable discipline! Then there are the Pragmatists. They save and lend, but only in that order; their savings limit their boldness. This persuasion is especially prevalent in the Germanic countries, where the savings bank is the shrine.
Finally, we have the religious community of the Uninhibited, which is especially popular in the United States. Its adherents readily admit to intentional recklessness, wanton waste and omnipresent greed.
They call it “the American way of life.” Its members live in the here and now, without asking questions about tomorrow. One lends money to another, even though it’s not his money. Instead, he has borrowed it from a third person, who has promised to procure it from a fourth person—and so on.
Posted on 09/30/2008 at 11:19 AMThat’s an excellent analogy. One addition I’d make is that the governments idea how to rescue the people in the water would be to give White Star lines a bunch of wood to make rafts so they can go rescue them.
Posted on 09/30/2008 at 11:09 AMTrust me, the bailout bill is a bad thing. Barney Frank is an idiot. If anyone has crazy ideas that $700 billion that is spent without accountability is going to find its way anywhere near the people who really need it (ie the people being foreclosed on) then they’ve been smoking something.
Paulson is an idiot. Barney Frank is an idiot for that statement alone. The Republicans are idiots. The mail that congress has been getting from their constituents saying “No” to the bill is phenomenal. When the people you’re trying to help are telling you that what you’re doing is crazy, then maybe everyone should just take a breath and really think about what they’re doing.
$700 billion to be spent however Paulson sees fit, and no one can even sit in on the meetings he’s going to have to figure out where to spend it. This is a guy who never saw this financial crash coming when all the experts were already moving their money around trying to prepare for it.
Yeah.. I’ll get behind that. Sure.
The real story is that they were caught flatfooted and now everyone’s in a panic. Instead of trying to figure out what happened, how to get out of it with the least amount of pain, and making sure it doesn’t happen again, they’re simply throwing money at it. It might put some spackle on some cracks, but it’s not going to hold the wall up.
McCain is not the maverick everyone used to say he was. He is more of the “I’ll do anything to be president” guy. He’s old and will probably not last his first term. So who will we get...Palin! She is not the right person to be our president. If you other Republicans want her to be your president then vote for her, just don’t lie and say you really believe she is ‘ready to lead’ and ‘a really bright lady’. At least admit to yourselves that she’s not that bright.
Not only that but I’m not a rich person and I will get a much bigger tax break under Obama. I can’t believe I’m going to vote for a democrap but at least he doesn’t leave me afraid that our president will launch nukes against Spain or Russia. Thats my two cents.
Posted on 09/30/2008 at 09:38 AMI’m not an economist, but here’s how I see it…
You would think that a company has some cash in the bank, uses it to buy/make inventory, sell it, and skim off the profit. Lather, rinse, repeat. As opposed to this naïve view, companies tend take out a small loan to make stuff to sell or to pay salaries, then pay back the loans from the proceeds of their business. In short, the whole U.S. economy is a giant advance fee scam.
Right now, it’s not that the underlying economy is necessarily in bad shape, but financial institutions failing left and right, those who have money to loan lose trust in getting their loans repaid. This makes credit more expensive and between the losses in the financial world and the loss of trust, liquidity will dry up. If that passes a threshold, the U.S. and consequently world economy will take a crash dive. Think Great Depression or worse.
The bailout is really just a psychological band-aid to prevent the squeaky wheels from locking up completely. As long as a critical mass of liquidity remains, hopefully the economy will muddle through—even if Wall Street will never be the same again.
How bad things really are is something I can’t answer.
Posted on 09/30/2008 at 07:55 AMmaybe that’s what they did in the bible.. but instead of calling him an alien, they called him jesus. beam me up scotty.
Posted on 09/30/2008 at 07:18 AMA higher vibration of love? What the hell does that even mean?
I would guess they will deliver some new technology that will improve every girl’s favorite variable speed sex toy.
Posted on 09/30/2008 at 06:55 AMLast_Hussar: I’m not sure if Neil would agree with me, but I’m not worried about anything being socialized or compromising my economic ideals for the betterment of everyone, I’m worried that those people who had made some pretty stupid decisions will end up being rewarded for them at my expense...at everyone’s expense. That just stinks of a plutocracy taking care of its own.
Thanks Les. I’m so happy I’m not the only one who has hit that list looking for new reading material.
in the south of your hemisphere
This obviously means in Uranus....
(Sorry, couldn’t resist
)
“Galactic federation of light”? shudder.
Always so unimaginative
Me, I get a kick thinking about what Putin was thinking when W was “looking into his soul”. I figure badass ex-KGB Putin can snap that candyass overprivileged cowboy-who’s-afraid-of-horses pencilneck with no problem whatever.
It would explain the smile.
As for Palin, I like the sign a protester had at a rally in Anchorage over the weekend. It read:
“Hey Sarah, I can see the end of your political career from my backyard!”
Heh heh heh.
Posted on 09/30/2008 at 02:11 AMAnd you know, I would miss the golden years of the Daily Show, too. I just don’t think it would be a good idea to punish the country for my entertainment
Posted on 09/30/2008 at 02:08 AMThe visitation to humans has been brought forward from the initially planned End of Days in 2012 because of the damage being caused to the planet by man and the fact that “dark forces” remain in charge.
The really depressing thing is not the nuttiness, because nuts are always with us. It’s rather that the planet really is being damaged, and there really are “dark forces” (fear and greed) in charge. But instead of doing something about it, these people, like their fundamentalist counterparts, would rather sit back and put the solution in the hands of their imaginary overlords.
Posted on 09/30/2008 at 12:19 AMIt always amuses me how much people deluded by beliefs in UFOs sound so much like people deluded by beliefs in God(s).
Well if course they sound the same. By what measure or definition is god not an alien?
Posted on 09/29/2008 at 10:57 PMUm yea that was damn funny. And the bailout nonsensical rant was pretty spot on!
Made me chuckle.
Posted on 09/29/2008 at 10:27 PMActually, checking Blossom’s blog, it reads as follows:
We wish it to be understood that on the 14th day of your month of October in the year 2008 a craft of great size shall be visible within your skies. It shall be in the south of your hemisphere and it shall scan over many of your states.
We give to you the name of Alabama.It has been decided that we shall remain within your atmosphere for the minimum of three of your twenty four hour periods.
And, apparently, they did mean the South Hemisphere because Blossom follows this up with the following “explanation:”
I am aware that Alabama is NOT in the Southern Hemisphere. I queried this to the Federation and was told … ‘In days of old, it used to be’. If anyone can find information on this, I would be most grateful if you could contact me via my website.
It has also been suggested that ‘Alabama’ maybe the name of a craft.
On researching it appears that Alabama has a NASA space centre.
In short she’s saying, “Yes, I fucked that part up. If any of you are creative enough to come up with a semi-plausible explanation I’d love to hear it so I can use it.”
“I Know why the Caged Bird Sings” was challenged for sexually explicit material. Are you fucking kidding?
Posted on 09/29/2008 at 10:02 PMI’m fine with putting the money in, as long as politicians take time to think about it and how much. Also they need to have appropriate legislation to help keep this shit from happening again. Capitalist investing with socialized risk is a recipe for failure.
Les: Sorry i didn’t intend to flood this thread. I don’t want to be rude, but if you want to resolved your problems and get answers, you have to be more specific !
distros version : hoary or breezy, Gutsy or Hardy
ubuntu: 32bit or 64bits ?
Computer brands and/or motherboard:
graphic card : ATI, but what number?
(AGP or PCI) :very important !
Desktop:
Do you have another desktop on the computer?
3d interface (compiz) : Cutes and fancys, but not very useful. On a laptop, it’s mignt have an impact on your power’s comsumption.
To remember :
All theses informations are crucials, every times you are asking for help in a linux’s forum .
Propritairy drivers WILL be effet by update of the kernels. Specialy ATI. I give-up on ATI for theses reasons.
Somes good link:
http://ati.amd.com/support/driver.HTML
https://answers.launchpad.net/ubuntu
http://ge.ubuntuforums.com/index.php?s=4ea5318ae660e726c4eb8147df04c301
Decrepitoldfool: The problem I’ve had so far is even once I get Ubuntu working it doesn’t seem to go beyond 1024x768
If you are using the framebuffer driver or the vega driver, it’s normal. these are the ‘safe mode’ drivers and these drivers are non-specific and works with every graphics card . These drivers are using the memory of your computer. With non-generic driver you are using the memory of your graphic card.
And furthermore, Ok Kid’s spelling and grammar are impeccable.”
I know, but a can read wiki in french, english, italians et germans. And as a TI, i am more a reader than a writer. And Google don’t seem to understand that you might want more than one spell-checker on a browser ...
It is only natural that Christian stupidity and cruelty will receive more attention.
Silly me! I was thinking that all thoses soldiers coming back in body’s bag was a concerns ...
Not everybody would agree with your views: http://www.borderfirereport.net/latest/tancredo-proposes-anti-sharia-measure-in-wake-of-u.k.-certification-of-islamic-courts.html
http://www.associatedcontent.com/article/936707/the_jewel_of_medina_censored.html
UK is now, what will be the futur EU. All thoses surveillance camera aren’t there to prevent invasion of 8 foots giant aliens. 4 millions of potentiels terrorists can screw-up a democracy and affect futur coalitions ...
Freedom of speech and gender equalitity are already a thing of the past, in Europre !
Sorry- Never wrestle with a pig.
THE pig know the meaning of ‘Taqqia’ ....
You think they can bring 700 billion dollars with them?
Posted on 09/29/2008 at 08:10 PMNeil- I know its a pisser about the house prices- things appear to be even worse in the UK for prices vs wages- but spreading the shit around hits everyone, not just the guilty.
The BBC economics editor was saying the problem feared a few weeks ago wasn’t just the banks going, it was the knock on effects. The next tier is the big money movers who process a lot of money, who rely on being able to get overnight loans. What happens if the airlines can’t afford to fly planes? Big manufactures have no cashflow (Its great having millions in value, but if its all tied up in circuitboards and no one is buying what happens).
I agree the buy to let and speculators have distorted the market (the latest bank to be nationalised here- over the week end- had shifted its core business into buy to let mortgages) but take the average “put a roof over our heads” family. If the bank system collapses we could be looking at an awful lot of people having mortgages called in.
Pelosi probably picked the wrong time to crow- get the vote in then say “look how we saved them” but a UK politician who throws a wobbly when somebody says something nasty has the life expentancy of butter in a furnace. What if puppet master Putin sometimes says rude things about the US- I hope Palin has used that time staring across the Bering Strait to stiffen her lip.
Presidential Debate? Hah- put them at the dispatch box during Prime Minister’s Question time to see how they handle pressure (Bush admitted he was glad he didn’t have to do it every week).
The money has to be put in. The reservations have to be about oversight, not rewarding the architects of the problem and risk (to public purse). The representative who said American citizens “valued Freedom over Bread” needs to understand freedom to starve is no freedom at all.
“Its socialized, so it’s unAmerican”. UnAmerican is failing to use every tool to protect your economy and make it better, not clinging to an ideology no matter what.
Posted on 09/29/2008 at 07:47 PM52 million square miles
And I took the time to ‘back of a fag packet’ that. I don’t pick figures out of mid air [cough]Paulson[/cough]
Posted on 09/29/2008 at 07:45 PMBecause the one here in America isn’t in the southern hemisphere
Doesn’t say it is. Says
Alabama “in the south of your hemisphere
. Which it is. Everything below 45’N (Montreal) is in the south of the northern hemisphere.
If they did mean the Southern hemisphere it may be the last time they visited earth was before the establishment of the Catholic Church- North and South are arbitary, and North is Up because it puts Rome higher than Jerusalem.
Hey, if they did mean the southern half of the Northern Hemisphere we should thank them for specifying Alabama it means
1) we don’t have to search the 52 million square miles that lay between 0’ and 45’N and
2)We just have to find the liberal, loving, intelligent creatures in Alabama.
They said “in the south of your hemisphere,” not “in your south hemisphere.”
Yes, it is still jakey, as I’d expect something a little more “south,” such as Mexico, but what the hey?
ROFL Well, at least he didn’t have a blinky animated GIF background!!!
Posted on 09/29/2008 at 05:50 PMLetting the fundamental building blocks of the economy dissolve is bad. You can pay lip service to the free market all you like, but one of the first important things any country ever starts up after they’ve used their military coup to kill off the people who were the country before them is a bank, and that’s because debt is absolutely the cornerstone of the economy.
What’s that wad of shrinking green in your pocket but a debt that government owes the bearer of the slip of paper? It’s ok when a bank fails here and there, because that doesn’t do diddly about confidence in the debt that’s traded within banks overall. When banks fail all over though, and no one knows exactly who has the poison pills within their debt allotment from the ones remaining, it’s every bit as scary in the long run as a war.
Maybe violence doesn’t start as directly or as quickly, but people will start losing everything they own because the value of the money lent by other people or even in the monetary system itself will fail. That sort of desperation is nearly the posterbook justification for rationalized violence.
Maybe it doesn’t come to that, but just the idea of it coming to that? When you know it almost came to that several decades ago and you’ve got several road maps of alternatives that involve government spending money? Well dammit, spend the money.
It’s only money, and I’d hope that people recall that money is only as useful a tool as it is because you can use it. Libertarian economic principles are great when you can afford them, but you absolutely don’t sometimes anymore that the Soviet Union could cling to all their allotment of socialism when the bottom fell out of that.
The people who received the bad debts aren’t being bailed out, it’s the rest of the world that’s unfortunate enough to do business at the same places that they do.
I’m amused that Where’s Waldo is a banned book or at least “challenged.” Seems people aren’t too happy there is a cartooned profile view of a boob in one of the scenes.
Posted on 09/29/2008 at 05:40 PMBeing a renter in a fairly expensive area, I say let it crash and let it crash good, then refuse any and all bailouts or protection schemes for the rich and the poor...I usually like a little safety net, but I’m going libertarian on this one.
I live on the California coast, and the housing bubble here is a nasty beast to behold, even now. Between the slow-growth philosophy of the area, greedy landlords, house flippers buying up all the bargain properties(then pretending to fix them up and putting them back on the market at a price 20-50 grand higher), and the fact that an unusually high number of houses are rentals, there are houses here that have inflated in value almost 1000% over 20-30 years.
People were able to buy old, fixer-upper victorians in some towns for $50,000-75,000 in the early 80’s and some of these were recently going for over half a million dollars to almost a million. I know real estate is supposed to be a good investment, but Jeezus! When it inflates that quickly, rents go up quickly as well, and everyone who isn’t a millionaire feels the squeeze big time. Even business space, which is plentiful, is outrageous here, leading to lower wages for all non-professionals and small business employees. Now that the economy is taking a downward turn, there are empty buildings on the main drags of every town...and I hope it continues for at least two or three more years. Property owners and landlords have been raping this area for three decades...maybe now some of them are going to have to start bargaining.
Posted on 09/29/2008 at 04:54 PMI don’t really like Tina Fey or Amy Pohler but Tina Fey does an amazing Sarah Palin impression. I look forward to more of it, because their will be more. Vice Presidential debate: Darrel Hammend as Joe Biden I smell some comedy.
My childrens’ reading list was always fat with books unpalatable to bible belt school committees.
If the bible thumpers don’t like it, then it’s probably worth reading.
Most of my IRA has been in cash for a couple of years now...patiently waiting for the inevitable financial crisis to depress my favorite stocks.
Government bailouts are offensive to Muslims.
Posted on 09/29/2008 at 04:43 PMI don’t even know how to think of this. I’m scared Les, I genuinely scared.
Nah, that bailout was just stealing the silverware on the way out. I especially love how things went from “the economy is strong” and “the recession is only in your mind” to “holy crap we’re all going down!!!!” so fast McCain couldn’t keep up with his script. Add to that that a) the $700B was a made up random large number, b) it was a rolling amount, and not a final one by any means, and c) McCain supported it even though he couldn’t be bothered to read the *three whole pages* that the proposal was on and d) Bush was cheerleading for it bigtime, which can’t be good. My favorite, though, is e) that Paulson specifically put into it that his actions would not be subject to court or review of *any* kind. If you called in a plumber to fix a bigass leak, and the first thing he said was “OK, but you can’t sue me later no matter what” wouldn’t that raise a few alarms?
Screw ‘em all.
To err is human. To really screw it up takes a computer!
Roosevelt went on TV after the great depression and addressed the county (um...Hoover was president and there was no TV)
Um...are you misquoting this Nicole?
From Encyclopedia Britannica:
Great Depression - worldwide economic downturn that began in 1929 and lasted until about 1939.
Herbert Hoover - 31st president of the United States (1929–33).
Franklin D. Roosevelt - 32nd president of the United States (1933–45). The only president elected to the office four times, Roosevelt led the United States through two of the greatest crises of the 20th century: the Great Depression and World War II.
Television Broadcasting - ...It was not until April 30, 1939, at the opening of the New York World’s Fair, that a public demonstration was made by the National Broadcasting Company [in the US], which announced in that year that it was ready to begin broadcasting for two hours per week. The Columbia Broadcasting System and the Dumont network began telecasting in 1939 and 1940, respectively.
Technically, FDR could have spoken on TV after the Great Depression, he was POTUS until he died in 1945 after all (but I’m pretty sure Biden was referring to a radio broadcast). Not sure how that compares to “What the heck does the Vice President do anyway?!?”, but I guess you have a valid point that Biden misspoke.
Sorry- Never wrestle with a pig
Posted on 09/29/2008 at 11:34 AMI was wondering when someone would try to drag this thread back on topic.
Well it was my fault for taking the bait.
The problem I’ve had so far is even once I get Ubuntu working it doesn’t seem to go beyond 1024x768. Webs suggested installing an ATI video card as a fix. The whole driver situation is still iffy and given Ubuntumentum taking place, hardware manufacturers ought to start taking notice.
Hi Les,
Like you I’ve noticed the Giant Tire on several trips along I-94 over the years to and from the airport (I live in London, Ontario), and wondered about the vague rumour that I’d heard about ‘a ferris wheel inside’. And like you I’d think I’ll ‘google’ it when I get home, but then forget to do it!
Last night after picking up a friend at Metro, we once again wondered about the ferris wheel thing and this time I did come home and found your great website and your very thorough research with ‘everything I ever wanted to know about the Giant Tire’! Thanks a lot!
Go Obama!
Rob Turner
PS I concur with your ‘signature’...’Gods dont kill people. People with Gods kill people. - David Viaene’
Posted on 09/29/2008 at 10:13 AMWarp drives and transporters don’t exist either. And it’s not that the show is saying the fringe science is real, it’s the idiot I was quoting that was. Which was my point.
I was wondering when someone would try to drag this thread back on topic.
P.S. I like my Ubuntu lightly sautéed.
Denile is not a river in Egypt!
Which is why you’re not currently swimming.
Gosh look at all those links that is proof… of the fact that there are nutters who get press attention. I’m not denying there are hateful Imams. What I’m pointing out is that the claims of a Muslim take over are grossly exaggerated.
Muslims receive no dispensation for illegal acts, and the fact that Murder convictions have been secured in honour killing cases is the evidence of that.
All those links to right wing tabloids- take a claim, and blow it up out of all proportion, get one side of the story, make sure what you print supports your predjudices.
You still didnt explain how 3% is a take over.
Posted on 09/29/2008 at 08:07 AMIs cryogenics any more nonsense than than warp drives or transporters? It is, at the end of the day, a science fiction show, and honestly I didn’t find it actually saying any of the fringe science in it was real.
But that’s just me.
Posted on 09/29/2008 at 07:52 AMFrom now on in this thread I’m going to use the word ‘Ubuntu’ in all my comments. As in: “I wonder if British Muslims are also having problems running Ubuntu on their Lenovo laptops? And does the EnvyNG installation method with ATI drivers work for everyone?”
Posted on 09/29/2008 at 07:43 AMI’m sure their so-called community leaders will find something to get offended about Ubuntu.
They found they could save a pretty penny by not having DRM, so they killed it.
Hey, sometimes deregulation DOES work in favour of the small man
Posted on 09/29/2008 at 05:41 AMBut the really important question is; will all those Muslims use Ubuntu?
religiously speaking, the UK is an Islamic nation
Generaly speaking. the UK is f*cked up !
In fact Britain is more in ‘danger’ of becoming a Catholic country than a Muslim one.
Denile is not a river in Egypt!
Sharia for economic reason! Not so great if you are a woman ...
It’s no secret that Britain has more than its fair share of mad men at every level of its judicial system. It would appear that a severe dose of senile dementia is a pre-requisite for any junior judge with aspirations of reaching positions of real responsibility and power. Unfortunately, whilst Lord Phillips et al congratulate themselves on achieving ever increasing heights of ridiculous law-making, the rest of us have to live with the consequences.
This latest travesty has seen the country’s most senior fruit-loop publicly support a decision that will make the lives of thousands of Muslim women a misery. By giving parts of Sharia law legal recognition in the UK, Muslim women will now legally be at the mercy of their husbands. In theory it should be a joint decision to go down the Sharia route, but as Muslim women are still seen as chattels to most Muslim men the decision of the husband (and other male family members) will, as always, come through.
Any sane and rational human being will see this as the thin end of the wedge. One can only hope that as the announcement was made in front of an audience of Muslims, Lord Phillips actually feared for his life should he have said anything to upset them and that he has no intention of carrying out his threat to consign Muslim women across the country to a life of servitude without hope.
A legal system based on a book which openly supports a husband ‘lightly beating his disobedient wife’ is highly unlikely to offer an optimistic future for any female unfortunate enough to be born into the death cult we all know as Islam.
In Lord Phillip’s defence it should be noted that he ran the BSE inquiry from 1998-2000 and appears to have contracted the condition widely known as Mad Cow Disease during that time.
Get Well Soon M’ Lud
http://www.prophet-muhammad.biz/dhimmilord.html
That’s facts !
Killing of Non-Muslims is Legitimate (British Mullah)
http://www.youtube.com/watch?v=maHSOB2RFm4
We need more Muslim babies
... then we can take over Britain
http://www.thesun.co.uk/sol/homepage/news/article1683635.ece
You can’t preach the Bible here, this is a Muslim area
(What a community policeman told two Christians)
http://www.dailymail.co.uk/news/article-1023483/You-preach-Bible-Muslim-area-What-police-told-Christian-preachers.html
UK bank scraps piggy banks for “fear of offending Muslims”
http://www.militantislammonitor.org/article/id/3370
Muslim M&S worker refused to sell ‘unclean’ Bible book to grandmother, customer claims
http://www.dailymail.co.uk/news/article-508263/Muslim-M-S-worker-refused-sell-unclean-Bible-book-grandmother-customer-claims.html
Somali Suspect’s “racist Demands” Pose Extra Burden for UK Prison Officials
http://www.netnewspublisher.com/somali-suspect-racist-demands-pose-extra-burden-for-uk-prison-officials/
Teachers could get power to stop forced marriages, Timesonlines, le 4 janvier 2008
http://www.timesonline.co.uk/tol/comment/faith/article3129016.ece
Bishop of Rochester, Dr Michael Nazir-Ali, faces death threats
http://www.timesonline.co.uk/tol/comment/faith/article3292032.ece
Fascism and Islamism thrive in Bradford, report claims
http://www.euro-islam.info/spip/article.php3?id_article=2190
“Up to 48 universities in Britain have been infiltrated by fundamentalists financed by Muslim groups.”
http://www.jihadwatch.org/dhimmiwatch/archives/020682.php
UK centre of Islamist terror in Europe: Europol
http://economictimes.indiatimes.com/News/PoliticsNation/UK_centre_of_Islamist_terror_in_Europe_Europol/articleshow/2991115.cms
Death Be Not Proud
Europe’s not looking good.
http://article.nationalreview.com/?q=ZDc0MmQzM2FiNDk0Mjc0OWNhMjFjZWE5MTA0ZTUyZWM=&w=MA==
Don’t be soft on Islam, says EU terror chief
http://www.guardian.co.uk/world/2008/sep/28/terrorism.eu



















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