"
!
1.$0 ,6
$*(&(= 13 0$(,
9&(,
31 0 $* 4( #3"2 7
,2$ * &0 , 4 * ,"' 4$'("3* 0 /3$
1$ &$,$0 * 1 32-0(# #$1 #4($02$,
2-+ 0 .0$" 3"(-,$1 "-,#3"2-0$1
j_[d[ ',& c[jhei ieXh[ [b h‡e 8WXW^eoe" W Ă’d Z[ j[hc_dWh Z[ Yecfb[jWh [b WhYe Z[b fk[dj[ ][# c[be" gk[ WYjkWbc[dj[ j_[d[ kd .+ Z[ WlWdY[ \‡i_Ye" [nfb_YÂŒ >k]e LWbb[" Z_h[Yjeh Z[b CJEF ŊěŊ ;b l_[`e l_WZkYje Z[ Z[ [b i|XWZe feh [b Y_[hh[ Z[b Bei H‡ei Æ;i d[Y[iWh_e _dijWbWh bW ]h‘W" bW Y_kZWZ Z[X[h| iefehjWh Z[i# fWie bWj[hWb$ BW YedjhWj_ijW >_ZWb]e >_# feh [iW hWpÂŒd bei YWhhei de fe# Z[ ^eo [b jh|Ă’Ye Z[ bei i '( c_b l[^‡Ykbei gk[ Y_hYkbWd W Z_Wh_e ZWb]e _dijWbÂŒ kdW ]h‘W Z[ '& c[# Zh|d YhkpWh feh [b fWie bWj[hWb jhei Z[ bed]_jkZ [djh[ [`[i" ieXh[ Z[ 8WXW^eoe ^WijW cW‹WdW$ >W# feh 8WXW^eoe$ BW c[Z_ZW i[ WZefjÂŒ Z[i# [b fk[dj[ Yedj_]ke gk[ jWcX_ƒd Xh| YehZed[i feb_Y_Wb[i [d Zei
Z_ijh_Xk_Zeh[i Z[ jh|Ă’Ye h[Zed# Z[b[i kde Wb dehj[ Wb Yec_[dpe Z[b fWie bWj[hWb o ejhe Wb ikhÇ" _dZ_YÂŒ LWbb[$ 9ece Wbj[hdWj_lWi Z[ Y_h# YkbWY_ÂŒd" bei l[^‡Ykbei feZh|d Y_hYkbWh feh [b l_WZkYje Z[ 8W# hh[_he e feh bW l‡W =kWoWgk_b#;b ;cfWbc[#Gk[l[Ze$ ;b jh|\_Ye i[ WXh_h| dk[lW# c[dj[ [b fhÂŒn_ce c_ƒhYeb[i () Z[ cWoe W bWi &,0&&$
$ $,"-,20=
"-, 1$0$1
#(4(,-1
9&(,
8
Bei h[fh[i[djWdj[i Z[ bW YWZ[dW fheZkYj_lW Z[b Whhep WYehZWhed gk[ [b fh[# Y_e Z[ bW iWYW Z[ (&& b_XhWi Z[ Whhep Y|iYWhW fWhW bW Yei[# Y^W Z[ _dl_[hde" [i Z[ ))"(+ Yed (& Z[ ^kc[ZWZ o + Z[ _cfkh[pWi$ ;b WYk[hZe i[ h[Wb_pŒ [d bW h[kd_Œd gk[ cWdjkl_[# hed fheZkYjeh[i" _dZkijh_W# b[i o f_bWZeh[i" [b '+ Z[ cWoe [d =kWoWgk_b$
Ŋ ěŊ
Bk_i LWbl[hZ[" l_Y[c_d_i# jhe Z[ 7]h_YkbjkhW" =WdWZ[h‡W" 7YkWYkbjkhW o F[iYW" [nfh[iŒ gk[ [b WYk[hZe eX[Z[Y[ W bW i_# jkWY_Œd WYjkWb Z[b c[hYWZe$ JWcX_ƒd i[ [ijWXb[Y_Œ gk[ i[ Z[iWhhebbWh|d h[kd_ed[i f[h_ŒZ_YWi fWhW jhWjWh j[cWi Yece bW fh[i[dY_W Z[b YWhWYeb" bW YW‡ZW Z[ bW fheZkYj_l_ZWZ" bWi b‡d[Wi Z[ YhƒZ_je" fhel_i_Œd Z[ i[c_bbWi Z[ Wbje h[dZ_c_[d# je" [djh[ ejhWi$
ĔŊĉćŊ Ŋĸ ĚŊěŊ I[_i f[hiedWi \Wbb[Y_Zei o Wbh[Z[Zeh Z[ kdWi +& ^[h_ZWi \k[ [b iWbZe gk[ Z[`ÂŒ [b j[hh[ceje gk[ ^W iWYkZ_Ze [b dehj[ Z[ ?jWb_W bW cWZhk]WZW Z[ Wo[h" Yed kdW cW]d_jkZ Z[ +"/ ]hWZei [d bW [iYWbW H_Y^j[h" WZ[c|i Z[ dkc[heiei ZW‹ei cWj[h_Wb[i" Z_`e [b h[ifediWXb[ Z[ Fhej[YY_ÂŒd 9_l_b Z[ bW h[]_ÂŒd :[c[jhe ;]b_$ ?jWb_W de i[ ^W h[fk[ije Z[b Wj[djWZe Z[ Wo[h [d 8h_dZ_i_ o ^W WcWd[Y_Ze Yed bW dej_Y_W Z[ kd i[‡ice W bWi &($&) =CJ [d bW h[# ]_ÂŒd Z[ ;c_b_W#HecW]dW dehj[ Z[ ?jWb_W " gk[ \k[ i[dj_Ze jWc# X_ƒd [d ejhWi Yece JeiYWdW" Lƒ# d[je" BecXWhZ‡W" Jh[j_de 7bje 7Z_]_e o <h_kb_ L[d[p_W =_kb_W$ ;d bW \WXh_YW Z[ 8edZ[de" [d bW fhel_dY_W Z[ <[hhWhW" h[]_ÂŒd
Z[ ;c_b_W HecW]dW" \Wbb[Y_Œ kd jhWXW`WZeh cWhhegk‡ Z[ (/ W‹ei" gk[ j[hc_dWXW ik jkhde W bWi Y_d# Ye Z[ bW cWZhk]WZW" o W gk_[d b[ YWoŒ kdW l_]W [d bW YWX[pW Wb Z[hhkcXWhi[ bW dWl[ _dZkijh_Wb gk[" i_d [cXWh]e" de YWkiŒ ^[h_# ZWi W ejhei jhWXW`WZeh[i$ JWcX_ƒd bei jhWXW`WZeh[i D_YebW 9Wl_YY^_" gk[ ^WX‡W Z[# Y_Z_Ze ikij_jk_h ^eo W kd Yeb[]W" o B[edWhZe 7diWbed_" ckh_[hed YkWdZe jhWXW`WXWd [d [b Z[fWh# jWc[dje Z[ YeYY_Œd Z[ bW \|Xh_YW Z[ Y[h|c_YW Z[ IWd 7]eij_de$
9&(,
www.quevedo.gob.ec SĂguenos en:
http://@quevedogob Mensajes de texto al: 086933882
$"$ () ! *# , () # "* ( &* ( $#+ ') # # $ $( # 3# - ' '$ "$(&* )$(
!"#$"%&'()*'+&$",-$',./0+1$21&3'4&3502&3 Alcalde John Salcedo Cantos! "#! $%! &'#$()#("! (*)+),'! "#! +"#"-&.'! /"! Quevedo mantuvo importantes reuniones con altos funcionarios del Gobierno Nacional, en Guayaquil se reuniĂł con el Dr. Vinicio Alvarado, Secretario de la AdministraciĂłn, donde se expresĂł todo el respaldo a la excelente gestiĂłn que se realiza en Quevedo y apoyo total al Alcalde JSC.
$# ! ' ) ' ! ( !!*+ ( ,
! ( * ( ( %'$ * *#
#* +$ ' '$) ! # '" ŊěŊI[]‘d [b h[Y_[dj[ Xe#
Rueda de prensa y recorrido tema Anillo vial de Quevedo Alcalde John Salcedo Cantos, junto a Funcionarios del Ministerio de Transporte y Obras Públicas realizaron Rueda de Prensa por el Tema Anillo Vial de Quevedo, posteriormente efectuaron recorrido por el lugar donde se iniciaron los trabajos del anillo vial de Quevedo a la altura del rcto. La Colonia, ingresando por la Cdla. Santa Rosa en la parroquia Urbana 24 de Mayo.
b[j‡d [f_Z[c_ebÂŒ]_Ye ieXh[ bei YWiei Z[ Z[d]k[ Z[b C_d_ij[h_e Z[ IWbkZ" [d bW fhel_dY_W Z[ Bei H‡ei [d be gk[ lW Z[b (&'( oW lWd '))-$ ;d h[bWY_ÂŒd W bW Y_\hW Z[b W‹e (&'' )&+ YWiei " Ykoei h[ikbjW# Zei h[ikbjWd l[hZWZ[hWc[dj[ WbWhcWdj[i fWhW bWi Wkjeh_ZW# Z[i" feh be YkWb h[Yk[hZW W bW Y_kZWZWd‡W kdW i[h_[ Z[ h[Ye# c[dZWY_ed[i$ ;b [ijkZ_e [ij_cW gk[ [b -& Z[ bW [nj[di_ÂŒd j[hh_jeh_Wb Z[b fW‡i j_[d[ YedZ_Y_ed[i WcX_[d# jWb[i fhef_Y_Wi fWhW bW h[fhe# ZkYY_ÂŒd Z[b l[Yjeh jhWdic_ieh Z[b :[d]k[ [b 7[Z[i W[]ofj_1 o" feh [dZ[ jeZWi bWi feXbWY_ed[i Wi[djWZWi [d [ijWi |h[Wi ][e# ]h|Ă’YWi j_[d[d fei_X_b_ZWZ Z[ ik\h_h [ijW [d\[hc[ZWZ$ Feh be
- $ # # (
# ( * ! (
Exposición de Quindes en Quevedo
diseĂąo: Otto Bravo
El GADM de Quevedo y su Alcalde Lcdo. John Salcedo Cantos, invitan a la ciudadanĂa en general al acto de apertura del Evento Cultural ArtĂstico "Quito, JardĂn de Quindes". Este evento se realizarĂĄ el diĂĄ martes 22 de mayo del 2012 a las 11h00 en el PalacĂo de Cristal, la poblaciĂłn ya puede apreciar la exhibiciĂłn de las esculturas de Quindes en el malecĂłn de Quevedo, las cuales permanecerĂĄn hasta el 22 de Junio. &&+,,#B=
Ŋ ěŊ
(
)$" '
+ ' - % !! ' # ! ( % ' ( #) '# (
. !$( ) #&* ( *# + . ! ( " # $ %$'
jWdje [b :[d]k[ [i kd fheXb[cW !$ " #$( + '!$( $"%! ) " #)
Z[ iWbkZ f‘Xb_YW ieXh[ jeZe [d . ! " # ' $ %$# ' ! ( !! #) ( # *# !* '
bW j[cfehWZW Z[ bbkl_Wi feh bW $# #$ ' $! ) # *
. ! " # ' $# ! (*' ) '' # ( ! ) (
]hWd fheb_\[hWY_ÂŒd Z[b l[Yjeh$ $) !! ( $ )$ $ ' % #) #( '+ ! &* (
* )'$ ( '$) %$( + '*(
;d ;YkWZeh i[ ^W YedĂ’hcW# Ze bW Y_hYkbWY_ÂŒd Z[ bei YkWjhe i[hej_fei Z[ l_hki Z[d]k[ o [d [b W‹e (&''" fh[Zec_dWhed [b '" ( o *$ BW fh[i[dY_W Z[ [ijei i[hej_fei ][d[hW cWoeh h_[i]e Z[ cehjWb_ZWZ$ ;b l[Yjeh i[ h[fheZkY[ [d kdW i[h_[ Z[ Z[fÂŒi_jei e h[Y_# f_[dj[i Z[ W]kW gk[ i[ [dYk[d# jhWd [nYbki_lWc[dj[ [d dk[i# jhWi l_l_[dZWi Yece0 jWdgk[i XW`ei e [b[lWZei" bbWdjWi" bWlW# Z[hei Z[ hefW" Y_ij[hdWi" XWhh_# b[i" jWhh_dWi fb|ij_YWi" Xbegk[i Z[ YedijhkYY_ÂŒd" `k]k[j[i Z[i# YWhjWZei" XWbZ[i" ebbWi" j_dWi"
# * #)' #)'$ ! ( $ # ! % ) $ -
%* ' $! ) ' *
. #) # ' # ) % ( ! ( () '# ( $
) #&* ( ! + $(
. " ' ! * %! #) ( *0) ( -
'$( # " ! ( 1 (
. $# ' ! ( $) !! ( &* ( # * #)' # #
! % ) $ $# ! % $ % ' $
!! # ' ' # $ " #)$ ! ( $) !! (
&* ) # # ! % $ '$)$ - &* ( $!$ #
# ! ( % ' ( ! + + # % ' + ) ' !
# ' ($ !$( ! '$# (
h[Y_f_[dj[ Z[b W]kW Z[b _deZehe i_d jWfW" bWjWi Z[ Wb_c[djei e f_djkhWi" X[X[Z[hei fWhW Wd_# cWb[i" Xej[bbWi lWY‡Wi" Xej[bbWi Yed [b f_Ye heje$ Feh be jWdje bW [hhWZ_YWY_Œd f[hcWd[dj[ Z[ Yh_WZ[hei [d [b ^e]Wh [i bW c[# Z_ZW c|i [\[Yj_lW$
$ (-(&&+E/ 4( 3($-+;E &0/ 505$- /03.$-+ '$' $3+04 $35+45$4 '( -(+5$30/ $- 1F%-+&0 13( 4(/5( (/ (- 0-+4(0 '( -$ 1$33026+$
&71/?2< $7;1/E #4397/ 9C/?/2< E ;/ /?1< 9< 1<;4<?:/?<;
"<?:/ "/?17@/ <;1/ 23 /V<@ 23 32/2 ?3=?3@3;A/;A3 23 9/ /@<17/17W; 23 1<:3?17/;A3@ 23 B97< 4B3 393572/ ?37;/ 23 9/ @=3?/;F/ );/ 1<?3<5?/4U/ 4B3 9< =?7:3?< >B3 ?3/97F/?<; 9/@ 63?:<@/@ 1/;272/A/@
$?3@3;A/17W; H;/9 3; A?/83 23 5/9/
"<?:/ <;1/ E ?/;163@1/ /0<?23 4B3?<; 9/@ 4/C<?7A/@ 23 9/ :/E<?U/ 239 =X0971< =?3@3;A3
/ 1<:7@/?7/ #95/ />B3 3;A?35W 9/ 17;A/ / ?/;163@1/
3;A?/9 3@ABC< / 1/?5< 23 /;79< ./: 39 1B/9 3;1/;AW /9 =X0971<
$ " ) &( % ( ) ) " ) (, % + &%* " , * " & ( "%) '+ ( ) ŊěŊ7b bb[]Wh Wb bk]Wh i[ eX#
i[hlW bW \WbjW Z[ b|cfWhWi bkc_# dWh_Wi" feij[i o bWijhWZe [d bWi YWbb[i" feh be gk[ lWh_ei cehWZe# h[i f_Z[d i[Wd Wj[dZ_Zei fhedje$ KdW Z[ bWi ^WX_jWdj[i" gk_[d efjÂŒ feh h[i[hlWh ik decXh[" Yec[djÂŒ gk[ bb[lWd W‹ei l_l_[d# Ze [d [iWi YedZ_Y_ed[i W f[iWh Z[ ^WX[h ieb_Y_jWZe bW WokZW Wb]kdWi l[Y[i$ C_[djhWi gk[ 7hdWbZe CW# Y_Wi" cWd_\[ijÂŒ ÆBWi Wkjeh_ZW# Z[i i[ WY[hYWd iebe [d j_[cfe Z[ YWcfW‹W [d [ijW ƒfeYW Z[ _dl_[hde [i YkWdZe c|i h[gk[h_# cei Z[ WokZW [b de YedjWh Yed [b WbYWdjWh_bbWZe o Xk[d [ijWZe Z[ bWi YWbb[i dei ^W Z[`WZe _dkdZW# ZeiÇ" WĂ’hcÂŒ$
Ejhe Z[ ]hWdZ[i _dYedl[d_[d# j[i [i bW \WbjW Z[ WbkcXhWZe f‘# Xb_Ye oW gk[ bb[]WdZe bW deY^[ [i jeZe j_d_[XbWi$ ;b bk]Wh de Yk[djW Yed ikÒ# Y_[dj[ WbkcXhWZe f‘Xb_Ye fWhW WXWij[Y[h bW [nj[diW pedW" [i feh [ije gk[ bei bWZhed[i Wfhel[# Y^Wd fWhW heXWh e [iYedZ[hi[ [d [b i[Yjeh gk[ Yk[djW Yed Wb]kdei j[hh[dei WXWdZedWZei o bb[dei Z[ cWb[pW bk[]e Z[ Yec[j[h \[# Y^eh‡Wi [d [b Y[djhe Z[ bW khX[ Wi_c_ice [b i[hl_Y_e Z[ W]kW fe# jWXb[ [i ejhW ]hWd d[Y[i_ZWZ fWhW ikfb_hdei Z[b b‡gk_Ze l_jWb kj_b_# pWcei fepei gk[ [n_ij[d [d bei fWj_ei Z[ dk[ijhWi YWiWi" fkd# jkWb_pWhed bei ^WX_jWdj[i$
" )* ( )
Ejhe Z[ bei _dYedl[d_[dj[i gk[ WjhWl_[iWd bei feXbWZeh[i Z[b bk]Wh [i bW ]hWd WYkckbWY_Œd Z[ ceiYei Z[X_Ze W bei cWjehhWb[i gk[ i[ [dYk[djhW [d bei j[hh[dei" cWZh[i cWd_\[ijWhed gk[ iki f[gk[‹ei ied bei c|i W\[YjWZei
oW gk[ Yedj_dkWc[dj[ fh[i[djWd [d\[hc[ZWZ[i" Ă’[Xh[i" cWb[ijWh [d ik Yk[hfe o ied Z[ XW`ei h[# Ykhiei fWhW [ijWh bb[l|dZebei i_[cfh[ Wb ZeYjeh$
7i_c_ice Wh]kc[djWhed bei cehWZeh[i gk[ [i cec[dje gk[ i[ h[Wb_Y[d bei jhWXW`ei h[if[Y# j_lei fWhW [b WbYWdjWh_bbWZe Z[ W]kWi i[hl_ZWi [d bW bej_pWY_ÂŒd"
fehgk[ bei gk[ i[ [dYk[djhWd [d iki l_l_[dZWi bb[]Wd W kdW ƒfeYW [d gk[ h[XeiWd bei fepei" o [ije i_ i[ jehdW ceb[ijeie feh be gk[ f_Z[d bW WokZW$
ŊěŊGk_[d[i ^WX_jWd [d bW
fWhhegk_W L_lW 7b\Whe cWd_\[i# jWhed [dYedjhWhi[ _dYed\ehc[i Z[X_Ze W gk[ ^WY[ Zei i[cWdWi [b i[hl_Y_e Z[ W]kW fejWXb[ [i _d[ijWXb[$ @[ddo 8Whh[hW" kdW Z[ bWi ^W# X_jWdj[i Z[b i[Yjeh" Yec[djÂŒ gk[ ^WY[ lWh_Wi i[cWdWi _d_Y_Whed bei cWb[ijWh[i Yed [b i[hl_Y_e b‡gk_Ze" [b c_ice gk[ [cf[ehW Yed [b fWiWh bei Z‡Wi$ Johed 9|hZ[dWi" i[‹WbÂŒ Æj[# d[cei gk[ [ijWh Wb[hjWi e _dj[d# jWh eXj[d[h [b W]kW Yed bW WokZW Z[ XecXWi oW gk[ [ijW ZƒX_b [b i[hl_Y_e o iebe Zei l[Y[i feh i[cWdW" Z[ be YedjhWh_e de j[d# Zh‡Wcei Yece ^WY[h dk[ijhWi
WYj_l_ZWZ[i o fWhW fh[fWhWh bei Wb_c[djei ckY^ei YecfhWd [b b_gk_Ze l_jWb oW gk[ l_[d[ Yed kd YedY^e WcWh_bbe De j[d[cei _Z[W feh gk[ eYkhh[ [ij[ _dYedl[d_[dj[ i_ [i# jWcei Wb Z‡W Yed dk[ijhei fW]ei o iebe YedjWcei Yed Zei l[Y[i W bW i[cWdW Yed [b i[hl_Y_eÇ" W]h[# ]ÂŒ 8Whh[hW$ Ejhe Wh]kc[djÂŒ gk[ YkWdZe bb[]W [b b‡gk_Ze l_jWb [i jkhX_W feh be gk[ de fk[Z[d fh[fWhWd iki Wb_c[djei Yed [ijW o Z[X[d YecfhWh feh ]Wbed[i$ ÆDe jeZei feZ[cei [ijWh YecfhWdZe ]Wbed[i Z[ W]kW YWZW l[p fWhW feZ[h h[Wb_pWh dk[ijhWi WYj_l_ZWZ[i" oW gk[
h[fh[i[djW kd ]Wije YkWdZe Z[# X[cei j[d[h [b i[hl_Y_e WZ[YkW# Ze [i feh [ije gk[ ^WY[cei kd bbWcWZe W bWi Wkjeh_ZWZ[i fWhW gk[ Z[d fhedjW iebkY_ÂŒd W [ijei fheXb[cWi Yed [b W]kWÇ" Z_`e$
(( "%) $ & ('+ $* %)
ŊěŊ
&'*/#8%@9>
&&++.#B=
% ' )"& #" %- ! !' !' & & % & ! "! "& ° ! ! !#! ! , ! #"% % #% & & !( ! +$ ! # &'( &" ! , # , # # " ! ! # ! , !" $ % - # # ! #" !
ŊěŊ Bei Z_h[Yj_lei Z[ bei
Yeb[]_ei Ă’iYWb[i o fWhj_YkbWh[i Z[Y_Z_[hed ZWhb[ Yed ]kWdj[ XbWdYe Wb Ckd_Y_f_e Z[ 8WXW^e# oe$ :[Y_Z_[hed de i[h fWhj‡Y_f[i Z[ d_d]‘d WYje YkbjkhWb o ieb[c# d[ gk[ i[ h[Wb_pW [d ^edeh W bei '*) W‹ei Z[ <kdZWY_ÂŒd$ Fhk[XW Z[ [bbe [i de ^WX[h [d# l_WZe W bei Wbkcdei Wb YedYkhie Z[ h[ZWYY_ÂŒd o [ij_be fhe]hWcW# Ze [b l_[hd[i fWiWZe$ IÂŒbe Zei WbkcdWi Z[b 9eb[]_e 8WXW^eoe Yed ik fhe\[iehW bb[]Whed$ BWi _dl_jWY_ed[i ^WX‡Wd i_Ze [djh[# ]WZWi W (, Yeb[]_ei [djh[ Ă’iYWb[i o fWhj_YkbWh[i$ ;lW Ceigk[hW" Z_h[YjehW Z[b :[fWhjWc[dje Z[ 9kbjkhW o :[# fehj[i" [nfh[iÂŒ gk[ kd Z‡W Wdj[i i[ h[Wb_pÂŒ Yed bWi [iYk[bWi o fWh# j_Y_fWhed kd )& Z[ bW jejWb_ZWZ" f[he [d bei Yeb[]_ei [i bWc[djW# Xb[ gk[ iebe kde ^WoW bb[]WZe$
! ! ! & # ! ! # %" ( " ! , # , # , ! + ! !") ' ! + ! " $ ! ! !
BW _d[n_ij[dY_W fheleYŒ gk[ [b YedYkhie gk[Z[ Z[i_[hje" fehgk[ iŒbe ^WX‡W kd Yecf[j_Zeh$ '"
BWi WbkcdWi CWh‡W IWdZeoW o C[b_iiW 7blWhWZe Z[b Yeb[]_e 8WXW^eoe" ‘d_YWi Wi_ij[dj[i i[ i_dj_[hed cWb" fk[i l[d‡Wd Yed [b Z[i[e Z[ fWhj_Y_fWh o ]WdWh [b YedYkhie$ ;b `khWZe YWb_Ă’YWZeh de fhe# Y[Z_ÂŒ Yed bW ieb_jkZ fehgk[ fWhW ^WX[h kd YedYkhie j_[d[d gk[ [ijWh Zei Yecf[j_Zeh[i$ ;lW Ceigk[hW fh[ikc_ÂŒ gk[ bW _dWi_ij[dY_W Z[ bei Wbkcdei
# ( " # # $ + # ! # ! # ! $
feZh‡W i[h kdW h[X[bZ‡W Z[ bei h[Yjeh[i$ H[YehZŒ gk[ [ij[ W‹e de ^WXh| Z[i\_b[ Y‡l_Ye feh bW ikif[di_Œd Z[ [ijWZe Z[ [nY[f# Y_Œd gk[ l_l[ bW fhel_dY_W [d l_i# jW W bWi _dkdZWY_ed[i gk[ ik\h_Œ bW Y_kZWZ o W\[YjŒ W c|i Z[ (& c_b f[hiedWi$ 7]h[]Œ gk[ bei Z[i\_b[i bei
eh]Wd_pW bW :_h[YY_ÂŒd Z[ ;ZkYW# Y_ÂŒd Z[ Bei H‡ei o i[ [nfb_YÂŒ bei cej_lei Z[ ikif[di_ÂŒd$ ÆBe gk[ ^WY[cei deiejhei Yece Ckd_Y_f_e ied WYjei Ykb# jkhWb[i" Y‡l_Yei o ieb[cd[i Yece i[ be ^W ^[Y^e W be bWh]e Z[ jeZei [ijei W‹eiÇ$ ;ij[ c[Z_e _dj[djÂŒ eXj[d[h
bW l[hi_ÂŒd Z[b Yeb[]_e ;k][d_e ;if[`e" f[he de i[ [dYedjhWXW [b h[Yjeh o dWZ_[ gk_ie ZWh Yec[d# jWh_ei Z[ bW de Wi_ij[dY_W$ ;d ejhei Yeb[]_ei Z_`[hed Z[i# YedeY[h Z[ [ijW WYj_l_ZWZ" f[he [b Ckd_Y_f_e YedĂ’hcÂŒ gk[ W jeZei bei Yeb[]_ei i[ b[i _dl_jÂŒ" _dYbkie j_[d[d bei h[Y_X_Zei$
ĹŠÄ› 7o[h _d_Y_ÂŒ [b Wi\WbjW#
, ! " ! ! # &
Ze Z[ bWi YWbb[i Z[ bW Y_kZWZ[bW * Z[ CWoe bk[]e '. W‹ei Z[ [if[hW$ Bei jhWXW`ei [ij|d W YWh]e Z[ bW YedijhkYjehW EZeh_i_e$ BW Y_k# ZWZ[bW Z[X_Œ [if[hWh lWh_ei W‹ei fWhW gk[ bWi eXhWi Z[ i[hl_Y_e X|i_Yei bb[]k[d$ Bei jhWXW`ei [cf[pWhed [d kd fheo[Yje ceZ[be Z[ YedjWh Yed i_ij[cW Z[ W]kWi bbkl_Wi" i_ij[cW Z[ WbYWdjWh_bbWZe" W]kW fejWXb[" WY[hWi o XehZ_bbei o j[hc_dWh‡W Yed [b Wi\WbjWZe Z[ bWi YWbb[i$ ?d#
Ybkie bW Yeckd_ZWZ h[Y_X_Œ Y^Wh# bWi Z[ YWfWY_jWY_Œd Yed l_dYkbW# Y_Œd W bei `Œl[d[i$ % & "& ."&
M_bied =Wl_b|d[p ^WX_jW [d bW YWbb[ I[njW" [i kd jWn_ijW" i[# ‹WbW gk[ Z[ifkƒi Z[ '+ W‹ei ^W l_ije bb[]Wh bWi eXhWi" i[]k# hW gk[ bWi YWbb[i Wi\WbjWZW ZWh| kd c[`eh ehdWje" b_Xh[ Z[ feble [ _dkdZWY_ed[i$ BW WbYWbZ[iW Z[ 8WXW^eoe" A^WhbW 9^|l[p [nfh[iŒ gk[ jeZW
eXhW j_[d[ ik fheY[ie" fh_c[he \k[ [b h[bb[de" bk[]e bWijhWZe Z[ YWbb[i" WbYWdjWh_bbWZe iWd_jWh_e" W]kWi bbkl_Wi" WY[hWi o XehZ_bbei" o Ă’dWbc[dj[ [b Wi\WbjWZe$ 9^|l[p Z_`e gk[ bW * Z[ CWoe i[h| kd Y_kZWZ[bW ceZ[be fehgk[ kdW l[p h[bb[dWZe jeZe 8WXW^eoe i[ fheY[Z[h| Yed bWi eXhWi Z[ i[hl_Y_ei X|i_Yei$ ;b Wi\WbjWZe Yecfh[dZ[ jeZWi bWi YWbb[i gk[ WXWhYW kdW [nj[d# i_ÂŒd Z[ + c_b c[jhei b_d[Wb[i ^Wi# jW [b i[Yjeh Z[ bW BkY^W EXh[hW$
ŊěŊBW fh[\[YjkhW Z[ Bei H‡ei WdkdY_ÂŒ bW h[YedijhkYY_ÂŒd Z[ bW l‡W 8WXW^eoe#CWjW Z[ 9W# YWe" WYjkWbc[dj[ h[Y_X[d cWd# j[d_c_[dje Z[ XWY^[e$ ;b fh[\[Yje CWhYe Jhe# oW o [b L_Y[fh[\[Yje" >ƒYjeh >khjWZe i[ h[kd_ÂŒ Yed bWi Yeckd_ZWZ[i hkhWb[i BWi Wkjeh_ZWZ[i h[Wb_pWhed kd h[Yehh_Ze feh [b i_ij[cW Z[ h_[]e 8WXW^eoe" Yed Z_h[Yj_lei Z[ bW @kdjW =[d[hWb Z[ KikW# h_ei" fWhW YedijWjWh [b [ijWZe Z[ bWi l‡Wi$ ;d bW h[kd_ÂŒd i[ Yecfhe# c[j_[hed W cel_b_pWh jh[i [gk_# fei YWc_d[hei fWhW bWijhWh o h[Yed\ehcWh bei YWc_dei l[Y_# dWb[i" bei jhWcei l_Wb[i Z[ BW HeZh‡]k[p" BW 9ehedW" IWd L_# Y[dj[ o BWi CWbl_dWi" j[hc_dWh
Zei fk[dj[i [d [b i[Yjeh ;ij[he 8bWdYe WXWdZedWZei feh Wdj[# h_eh[i WZc_d_ijhWY_ed[i" [djh[ ejhWi eXhWi$ :[iZ[ [ijW i[cWdW _d_Y_W# h|d Yed bei jhWXW`ei" Wi‡ Yece bei [ijkZ_ei fWhW h[^WX_b_jWh Yed Wi\Wbje bW l‡W CWjW Z[ 9W# YWe#9^_b_djece" Yed Wfeoe Z[b =eX_[hde DWY_edWb$ ;b Wi\WbjWZe Z[ l‡Wi i[ h[Wb_# pWh| Z[ cWd[hW WdkWb [d jhWcei Z[ [djh[ '& W '+ ac" Yed YWhf[jW Wi\|bj_YW Z[ - c[jhei" Yed Zh[# dW`[ o WbYWdjWh_bbWi fWhW j[d[h YWhh[j[hWi Z[ fh_c[h ehZ[d$ >khjWZe i[‹WbÂŒ gk[ bW l‡W i[h| h[Yedijhk_ZW Yece i[ ^W ^[Y^e [d ejhWi YWhh[j[hWi" i[ b[lWdjWh| XWi[" ikX XWi[$ Æ de feZ[cei YW[h [d [hheh[i Z[ WZ# c_d_ijhWY_ed[i Wdj[h_eh[i gk[
# ! # # ! !
de Yedijhko[hed Xk[dWi YWhh[# j[hWiÇ" Z_`e [b L_Y[fh[\[Yje$ <[Xh[i 9ehZ[he [i kdW fWhhe# gk_W [nj[diW$ ;d [bbW" bW Fh[\[Y# jkhW Z[ Bei H‡ei ^W _dj[hl[d_Ze Yed ckhei Z[ ]Wl_ed[i" ckhei Z[ [iYebb[hWi" WbYWdjWh_bbWZe" Wi# \WbjWZe" [b[Yjh_Ă’YWY_ÂŒd" i_ij[cWi Z[ W]kW" h[Ă’h_ÂŒ >khjWZe$
!(! ! "! & ! !( ) # %%"$(
ŊěŊ
% " "#!
$
3 %*'B$*, /%/3 ,/3 )"$&2 15& ,/$/3 &34@. 5. )/-#2& 3*&-02& &.4*&.%" ",(/ "2-"%/3 %& $5".%/ 35 3","2*/ 5." $/.4*.5" %&0&.%& %& 15& %&3$/.:".9";
./ ,/ &.4*&.%";
&0/24& $",,&+&2/
Ieo kd YedZkYjeh Wi_Zke Z[ bW 7l$ ;ijWZei Kd_Zei" f[he de [ijeo Z[ WYk[hZe Yed be gk[ ^WY[d YWi_ jeZWi bWi jWhZ[i kdei i[‹eh[i Z[ jecWhi[ o Y[hhWh kde Z[ bei YWhh_b[i fWhW Z[Z_YWhi[ W `k]Wh e _dZeh e [YkWleb[o$ ;ie Z[X[ Z[X[ i[h h[]kbWZe o YedjhebWZe feh Wb]kdW Wk# jeh_ZWZ Z[ bW Y_kZWZ" fk[i de [i fei_Xb[ gk[ jeZWl‡W Y_[hjWi f[hiedWi fhWYj_gk[d bW l_[`W YeijkcXh[ Z[ Y[hhWh bWi YWbb[i fWhW ^WY[h Z[fehj[$ ;ie oW de i[ Z[X[ Z[ ZWh" feh# gk[ fWhW [iW WYj_l_ZWZ [n_ij[d YWdY^Wi f‘Xb_YWi e fh_lWZWi fWhW [b Z[fehj[$ BWi W\[YjWY_ed[i Z[ fhWYj_YWh [b Z[fehj[ [d bW YWbb[ ied0 fh_dY_fWbc[dj[ _dj[hhkcf_h bW Y_hYkbWY_Œd" bk[]e fed[h [d h_[i]e W bei YedZkYjeh[i Z[ Wb]‘d WYY_Z[dj[" fk[i [b YWcX_Whi[ Z[ YWhh_b o Y_hYk# bWh [d YedjhWl‡W feh [b YWhh_b Z[ieYkfWZe ][d[hW kd ]hWd f[b_]he fWhW Wb]‘d Z_ijhW‡Ze$ OW [i ^ehW Z[ ^WY[hb[i [dj[d# Z[h gk[ bei Z[fehj[i i[ fhWY# j_YWd [d j[hh[dei fhef_Y_ei fWhW [bbe o i_j_ei fh_lWZei gk[ e\h[Y[d _dijWbWY_ed[i fWhW Z_Y^W iWdW Z_l[hi_Œd$ 2*&, .("-"2$" !<-=-,6
.6*%*"#,& 0/3*$*D.
9edl[hiWXW Yed kd Wc_]e ieXh[ bW [nfei_Y_Œd gk[ kdei Yeb_Xh‡[i gk[ ^Wo [d [b CWb[# YŒd" f[he oe de [ijWXW X_[d [dj[hWZe ^WijW gk[ l_ [d [ij[ f[h_ŒZ_Ye gk[ i[ jhWjW Z[ kdW [n^_X_Y_Œd gk[ i[ [dYk[djhW [d bW FbWpW 9‡l_YW" [b FWhgk[ 9[djhWb o [b CWb[YŒd ;beo 7b\Whe$ JWcX_ƒd c[ Z[Y‡W gk[ bW dk[ijhW [i bW YkWhjW Y_kZWZ Z[b ;YkWZeh [d bW gk[ i[ h[Wb_pWd [ijW ^[hceiW ck[ijhW$ ;ie c[ bb[dW Z[ eh]kbbe fehgk[ [ijeo i[]khe gk[ Gk[l[Ze [i kdW Y_kZWZ cko X_[d fei_Y_edWZW [d [b Yed# j[nje dWY_edWb" Yed kdW Xk[dW fheo[YY_Œd [YedŒc_YW" ieY_Wb o YkbjkhWb [dl_Z_WXb[$ &(5.%/ /#"8/ !<-=-,6 $"24"3",%*2&$4/2 ,")/2" $/- &$ ):133) 6 +<)38<1-9)
,- 5<-:;9): )/-5+1): "-8<1:1;6: 64*9-: ? )7-331,6: +6473-;6: 5J4- 96 ,- G,<3) ;-3G.656 A26 ,19-++1I5 ,641+131)91)
6 ,- ;9)*)26 ? +699-6 -3-+;9I51+6
Gk[ de feYWi Z[ bWi YWZ[dWi dWY_edWb[i Z_i# fk[ijWi feh bW I[Yh[jWh‡W Z[ 9eckd_YWY_Œd Z[ bW Fh[i_Z[dY_W Z[ bW H[f‘Xb_YW ied c|i l_iY[hW# b[i gk[ hWY_edWb[i" be [l_Z[dY_W bW c|i h[Y_[dj[ [d\_bWZW YedjhW bW Kd_l[hi_ZWZ 7dZ_dW o ik j[h# Y[h _d\ehc[ ieXh[ bW i_jkWY_Œd Z[ bei :[h[Y^ei >kcWdei [d ;YkWZeh$ BW h[WYY_Œd \k[ l_hkb[d# jW o" [d Y_[hjei cec[djei" _dikbjWdj[" be YkWb fWh[Y[ gk[ [i kd [b[c[dje [i[dY_Wb Z[ ik [ij_be$ F[he [b h[Yjeh Z[ bW Kd_l[hi_ZWZ 7dZ_dW" ;dh_gk[ 7oWbW CehW" cWd_\[ijŒ gk[ Yk[djW Yed fhk[XWi gk[ ikij[djWd bW _d\ehcWY_Œd fh[i[djW# ZW [d ik j[hY[h _d\ehc[" bW gk[ i[h| [djh[]WZW Wb fh[i_Z[dj[ HW\W[b 9ehh[W$ Fh[Y_iWc[dj[" [d kdW ikfk[ijW \WbjW Z[ fhk[XWi" Yece h[\b[`e Z[ kdW Z[fbehWXb[ _dYedi_ij[dY_W WYWZƒc_YW" i[ XWiŒ bW Whh[c[j_ZW YedjhW [i[ Wbje Y[djhe Z[ [ijkZ_ei o iki Wkjeh[i$
=
;d bei fheY[iei Z[ [di[‹WdpW# Wfh[dZ_pW`[ Wgk‡ [d bW [ZkYWY_Œd" [d\eYWcei ckY^ei \WYjeh[i _dj[h# dei o [nj[hdei gk[ [djhW‹Wd fhe# Y[Z_c_[djei Xk[dei [d bei cƒje# Zei ieY_Wb_pWZei" Z[ kdW [ZkYWY_Œd YkWb_jWj_lW o YkWdj_jWj_lW$ ;d bW gk[ [b [ZkYWZeh [d [`[hY_# Y_e o [b [ijkZ_Wdj[ gk[ [ij| \ehc|d# Zei[ [d bW ;iYk[bW DehcWb" [d [b ?dij_jkje F[ZW]Œ]_Ye e [d bW Z_l[h# i_ZWZ" i[Wd ZejWZei Z[ bWi jƒYd_YWi
;b _d\ehc[" i[]‘d 7oWbW CehW" Æb[‡Ze [d ik _dj[]hWb_ZWZ de [i Yece fWh[Y[ i[h [d [ijWi YWZ[dWi dWY_edWb[i kd fWd\b[je Z[ efei_Y_ÂŒd e kdW [if[Y_[ Z[ b_Xhe YeokdjkhWbc[dj[ iWYWZe fWhW Z[ifh[ij_]_Wh Wb =eX_[hdeÇ$ 7‹WZ_ÂŒ Ægk[ Yec_[dpW fh[Y_iWc[dj[ h[YedeY_[dZe gk[ [b =eX_[hde WYjkWb j_[d[ lWh_ei fkdjei W \Wleh [d bW fheceY_ÂŒd Z[ bei :[h[Y^ei >kcWdei o Wi‡ i[ ^W Z[ijWYWZe [d Wdj[h_eh[i _d\ehc[iÇ$ 7Z[c|i Z[ bW iWjWd_pWY_ÂŒd Z[ bWi l[[Zkh‡Wi o Z[ bWi _dl[ij_]WY_ed[i Z[ bWi Yec_i_ed[i gk[ ^W Yh[WZe [b fhef_e =eX_[hde" W^ehW bWi kd_# l[hi_ZWZ[i o Y[djhei Z[ _dl[ij_]WY_ÂŒd Y_[dj‡\_YW Z[X[d WdZWh Yed Yk_ZWZe W bW ^ehW Z[ ^WY[h f‘Xb_Yei bei h[ikbjWZei Z[ iki jhWXW`ei$ Gk_p|i de i[Wd X_[d h[Y_X_Zei [d FWbWY_e o j[d]Wd gk[ iefehjWh Wb]e fWh[Y_Ze W be gk[ ^W jeYWZe W bW Kd_l[hi_ZWZ 7dZ_dW$
[b[c[djWb[i fWhW [b Ykcfb_c_[dje Z[ ik bWXeh [lWbkWj_lW1 f[he [i \kd# ZWc[djWb gk[" fh[l_Wc[dj[ jec[d YedY_[dY_W fb[dW o j[d]Wd kdW \[ fhe\kdZW [d bW _cfehjWdY_W o lWbeh Z[ [iWi jƒYd_YWi" Yed kdW dk[lW WYj_jkZ o kdW dk[lW l_i_ÂŒd WY[hYW Z[ bW [lWbkWY_ÂŒd o Z[b h[dZ_c_[dje [iYebWh" Z[X_ZWc[dj[ YecfheXWZe o Z[ceijhWZe ;i [l_Z[dj[ gk[ [ijW W fh[fW# hWY_ÂŒd [i _d^[h[dj[ W bW \ehcWY_ÂŒd fhe\[i_edWb$ Bei ?dij_jkjei Z[ <ehcWY_ÂŒd :eY[dj[ Z[X[d [ijWh l_dYkbWZei Yed [ij[ \_d" o eh]W# d_pWZei Z[ jWb ceZe gk[ Yedij_# jkoWd kd ceZ[be Wb h[if[Yje$ JWb Yece be Wi[djWhed bei [nf[hjei [d bW H[kd_ÂŒd ?dj[hdWY_edWb Z[ bW Kd[iYe$ Æ;ijW WYj_jkZ Z[X[h| [cfWfWh bWi Z[ceijhWY_ed[i Z[ c[jeZebe]‡W" i[c_dWh_ei o [`[h# Y_Y_ei ZeY[dj[i Z[ jWb cWd[hW gk[ [b fhe\[ieh delWje Ăˆ" i[ WYei# jkcXh[ Wb \|Y_b kie Z[ bei c[Z_ei ceZ[hdei Z[ [lWbkWY_ÂŒd Z[iZ[ [b
cec[dje [d gk[ jecW bW h[ifediW# X_b_ZWZ Z[ kdW YbWi[Ç" o Z[iYWhjWh bei jhWZ_Y_edWb[i$ >WY_W [i[ \_d \kdZWc[djWb WfkdjW [b jhWXW`e gk[ ^eo fh[i[d# jWcei W cW[ijhei o fhe\[ieh[i$ Iecei fb[dWc[dj[ YediY_[dj[i Z[ gk[ bei [ZkYWZeh[i Z[ ^eo Z[X[# h|d fh[fWhWhi[ fWhW WZWfjWhi[ fb[dWc[dj[ W ik dk[lW \kdY_ÂŒd [d [ij[ ckdZe YWcX_Wdj[0 Æ:[X[h|d Z[`Wh jeZei bei fh[`k_Y_ei gk[ ^Wd WZgk_h_Ze h[\[h[dj[i Wb Yed# jheb1 WY[fjWh|d bW b[o X_ebÂŒ]_YW Z[ bW lWh_WX_b_ZWZ1 h[YedeY[h|d bei c[`eh[i h[ikbjWZei iÂŒbe fk[Z[d eXj[d[hi[ W`kijWdZe iki cƒjeZei Z[ [di[‹WdpW W bWi cej_lWY_ed[i o ^WX_b_ZWZ[i Z[b _dZ_l_Zke1 o Z[X[h|d b_X[hWhi[ Z[ bW WY[fjWY_ÂŒd \WjWb_ijW Z[b \hWYWie Yedi_Z[hWh gk[ [i ik eXb_]WY_ÂŒd Z[iYkXh_h o [ij_# ckbWh ^WijW bW c[deh Âśfhec[iW Z[ YWfWY_ZWZ [d bW c[dj[ Z[ bei d_‹ei o bei WZeb[iY[dj[i" feh cko feYe ZejWZei gk[ i[WdÇ$
? !
Kde Z[ bei \ehc_ZWXb[i Wfeh# j[i Z[ =h[Y_W W EYY_Z[dj[ \k[ [b Z[ bW Z[ceYhWY_W" YkoW i_# c_[dj[" i[cXhWZW o Ykbj_lWZW [d [b |]ehW" [djhW‹W fh_dY_f_ei \h[Yk[dj[c[dj[ [leYWZei [d j_[cfe Yedj[cfeh|d[e$ 7j[dWi i_]k[ Z[ibkcXhWd# Ze Yece i‡cXebe Z[ Y_l_b_pW# Y_ÂŒd$ ;d [iei l[d[hWXb[i [Z_Ă’# Y_ei" ieij[d_Zei feh YebkcdWi Yb|i_YWi o W_h[ Z[ _dcehjWb_# ZWZ gk[ heZ[W W ik fWiWZe" i[ Yecfh[dZ[ bW lWb‡W Z[ kd cW]d‡ÒYe fh[jƒh_je WĂ’WdpWZe [d bW YkbjkhW$ KdW l[p gk[ YedYbkoÂŒ bW ^[# ][ced‡W" de jWhZÂŒ [d WfWh[Y[h [b Z[Yb_l[ ieY_Wb gk[ de fk[# Z[d W‘d ikf[hWh bei WYjkWb[i ^[h[Z[hei Z[ jWd WZc_hWXb[ jhWZ_Y_ÂŒd1 [bbei" W^ehW" Wdj[ [b YebWfie gk[ i[ lWj_Y_dW" XkiYWd iebkY_ed[i [d bWi ^k[bbWi gk[ Z[`Whed bei Wdj[Y[ieh[i$ ;ije [i kde Z[ bei \hkjei Z[ bW >_ijeh_W" bW Yedjh_XkY_ÂŒd Z[b Wo[h W bW WYjkWb_ZWZ o Wb \kjk# he" fWhW de h[f[j_h [hheh[i o WbYWdpWh [b Wdi_WZe ƒn_je$ ;d [ij[ Yedj[nje" [b fh[i_Z[dj[ Z[ =h[Y_W" AWhebei FWfekb_Wi" WYWXW Z[ ik][h_h W bei fWhj_# Zei feb‡j_Yei bW \ehcWY_ÂŒd Z[ kd ]eX_[hde Z[ dejWXb[i" fWhW ikf[hWh bW Yh_i_i" W]kZW" _dYh[‡# Xb[" Z[i[if[hWdj[" gk[ W]eX_W W ik fW‡i Z_]de Z[ c[`eh ik[hj[$ BW fhefk[ijW Z[ [i[ cWd# ZWjWh_e [i h[Yec[dZWXb[ feh [b bWZe gk[ i[ bW c_h[0 be _Z[Wb [i gk[ bWi c[dj[i h[Wbc[dj[ c|i b‘Y_ZWi o fh[fWhWZWi [ijƒd Wb \h[dj[ Z[ bWi dWY_ed[i$ BWc[d# jWXb[c[dj[" bW Z[cW]e]_W" [b Whh_X_ice e bW c[Z_eYh_ZWZ ^W# Y[d \|Y_b fh[iW W fk[Xbei Z[i# c[ceh_WZei e [d]kbb_Zei feh [b ikXZ[iWhhebbe$ 7bb| o [d jeZWi fWhj[i" bei ]eX[hdWdj[i de ied ecd_iW# f_[dj[i" h[gk_[h[d Z[ Yedi[`[# hei iWX_ei" Z[ Wi[ieh[i ^ed[ijei o YWfWY[i" o de Z[ bWcXed[i o c|i efehjkd_ijWi$ '#"22*(" ,")/2" $/-
2&3*%&.4& "$*/.", " # & & " "D *2&$4/2 C# *2&$4/2" %+5.4" %
E ( # " $ %*4/2 &(*/.", ' & "
( .'/,*4/2", *2&$$*D. 5&6&%/ = <5- <@4F5 ,- 69;G:
&,A'/./3 -"*, 8<-=-,6 3)069) +64 -+ *2&$$*D. "#")/8/ = ,- /6:;6 ? 36? 3.)96 &,A'/./
-"*, *)*)06?6 3)069) +64 -+ C/ /
777 ,")/2" $/- &$ :;) :-++1I5 9-79-:-5;) -3 7-5:)41-5;6 ,- 36: -,1;69-:
6: -:+91;6:
,- 36: +63)*69),69-: :I36 +647964-;-5 ) :<: )<;69-: ? 56 9-B-2)5
5-+-:)91)4-5;- -3 7-5:)41-5;6 ,-3 7-91I,1+6
0)$ % (, * ,% +! % # ), " )5 %*' +&) $,%! !' # ) - #6 (,
'& & '& & * #& *+3 ) $& # % & XW^eo[di[ i[ [dYk[djhW ceb[ijW feh [b [ijWZe [d gk[ i[ [dYk[djhW Z[iZ[ ^WY[ lWh_ei W‹ei [b c[hYW# Ze =k_bb[hce 8Wgk[h_pe Ceh[de" kX_YWZe [d [b Y[djhe Z[ bW khX[$ Ied Y_dYk[djW fk[ijei Z[ Ye# c[hY_Wdj[i gk[ ^Wo [d [b bk]Wh" Z[ bei YkWb[i bW cWoeh‡W Z[ bei Zk[‹ei WZkY[d gk[ [ij|d [d fh[YWh_Wi YedZ_Y_ed[i o gk[ bWi Wkjeh_ZWZ[i de ^Wd ^[Y^e dWZW feh [ij[ Y[djhe Z[ b[]kcXh[i$ :Wl_Z =edpWXWo" Yec[hY_Wd# j[ Z[b i_j_e" Z_`e gk[ [b c[hYWZe j_[d[ c|i Z[ +& W‹ei Yedijhk_Ze o Z[iZ[ [i[ [djedY[i dWZ_[ i[ ^W fh[eYkfWZe feh cWdj[d[hbe [d ehZ[d$ Æ;ijWcei jhWXW`Wd# Ze [d Z[iW]hWZWXb[i YedZ_Y_e# d[i o bei Yb_[dj[i fh[Ă’[h[d de _d]h[iWh feh bW fƒi_cW i_jkW# Y_ÂŒd gk[ [ijWcei jhWXW`WdZeÇ" c[dY_edÂŒ =edpWXWo$ ;djh[ jWdje" kdW i[‹ehW gk_[d gk_ie cWdj[d[h ik decXh[ [d [b Wded_cWje" [nfh[iÂŒ gk[ [b c[h# YWZe i[ ^W Yedl[hj_Ze [d kdW Yk[lW o be gk[ c|i bbWcW bW Wj[d# Y_ÂŒd [i gk[ [ij|d `kdje Wb ckd_# Y_f_e Z[b YWdjÂŒd$ ÆDe YedjWcei Yed X[d[Ă’Y_ei" [ijei i_j_e i[ ^W Yedl[hj_Ze [d Yh_WZ[he Z[ hWjWi" YkYWhWY^Wi o j[d[cei j[ceh fehgk[ [ije W\[Y# jW W bW iWbkZ Z[ jeZei deiejheiÇ" Z_`e bW Y_kZWZWdW gk_[d j_[d[ kd fk[ije Z[ Yec_ZW fh[YeY_ZW" o Z_`e WZ[c|i gk[ bW Y_kZWZWd‡W be bbWcWd [b c[hYWZe Z[ bW Xhk`[h‡W Z[X_Ze W gk[ [n_ij[d fk[ije gk[ [nf[dZ[d cedj[i fWhW YkhWh$
[n_ij[d Wbh[Z[Zeh Z[ eY^e Ye# c[Zeh[i" d_d]kde Z[ [bbei j_[# d[ [nj_djeh o ckY^e c[dei bWi YedZ_Y_ed[i WZ[YkWZWi fWhW gk[ l[dZWd Yec_ZW fh[fWhWZW W bei kikWh_ei$ Æ7b fWiWh feh [ijei bk]Wh[i i[ i_[dj[d kd WcX_[dj[ YWbk# heie" [ijW ][dj[ de j_[d[ [nj_d# jeh[i [d YWie Z[ gk[ i[ ][d[h[ kd _dY[dZ_e$ ;ije Z[X[h‡Wd Z[ [ijWh Yedjhe# bWdZe [b YeehZ_dWZeh Z[b c[hYW# ZeÇ" c[dY_edÂŒ 7b[`WdZhe Ik|# h[p" kd Yb_[dj[$ + )5 * * %!+ )! * % &% ! !&% *
%& ) +
7 jeZe [ijei _dYedl[d_[dj[i i[ ikcW bei i[hl_Y_ei ^_]_ƒd_Yei f‘# Xb_Yei o [b bWi h[Z[i Z[ W]kW fejW# Xb[" gk[ fWhW bei Yb_[dj[i [ij|d [d fƒi_cei [ijWZei$ ;c_b_e 9W_Y[Ze Z_`e gk[ bei XW‹ei [ij|d ZW‹WZei o gk[ fWhW XejWh W]kW Wb _deZe# he Z[ifkƒi gk[ ^WoWd ^[Y^e bWi d[Y[i_ZWZ[i" j_[d[d gk[ [ijWh Ye]_[dZe Yed kd jWY^e Z[ W]kW fWhW bk[]e Whhe`WhbW W bW jWpW$ 9Whbei IWdj_ij[lWd" _dif[Yjeh Z[b c[hYWZe Y[djhWb" Z[ic_dj_Œ bWi l[hi_ed[i Z[ bW Y_kZWZWd‡W$ xb _dZ_YW gk[ i[ [ij| h[ceZ[bWd# Ze fWhj[ Z[b c[hYWZe [ _dYbkie Z_e W YedeY[h gk[ i[ [ij|d Yedi# jhko[dZe bei dk[lei fk[ijei Z[ Yec_ZW o bW _cfb[c[djWY_Œd Z[ XWj[h‡Wi iWd_jWh_Wi [d [b f_ie Wbje$ 7i[l[hŒ gk[ de [i fei_Xb[ gk[ ^WoW Yh_WZ[hei Z[ he[Zeh[i [d [b bk]Wh" oW gk[ YWZW '+ Z‡Wi WYkZ[d W \kc_]Wh" c_[djhWi gk[ #! )& % #&* &$ &) * ;d bW fWhj[ WbjW Z[b c[hYWZe c[i W c[i i[ _dijWbWd jhWcfWi fWhW [l_jWh bW h[fheZkYY_Œd
#$ " # # % $" # ) # "
*+ $&* +) " % &
% * ) * &% ! !&% * . #&* #! %+ *
') 0 ) % %& !% ) * ) '&)
# '4*!$ *!+, !6% (,
*+ $&* +) " % &1
*+ $&* +) " % &
'&) # $ ) & % +) # *+ $&* ) $& # % & '& & '& & .
(, # $ ) & +! % $3*
$ !& $ +)& ,% ! $! %+& '&) + # ) /6% .
(, )#& &% #$ 1
Z[ hWjed[i$ Æ;ijWcei jhWXW`WdZe feh [b c[hYWZe Y[djhWb$ ;ijWcei h[# ceZ[bWdZe Z[ feYe W feYe oW gk[ [b c[hYWZe j_[d[ c|i Z[ c[Z_e c[jhe Z[ ^kdZ_c_[dje" feh jWb hWpÂŒd ^Wo gk[ ^WY[hbe Yed YWbcWÇ" WYejÂŒ IWdj_ij[lWd$
Operadora autorizada INVITAN A PARTICIPAR AL SEMINARIO
NORMAS INTERNACIONALES DE INFORMACIĂ“N FINANCIERA, APLICACIĂ“N EJERCICIO 2012 OBJETIVO. Prevenir errores para el cierre del estado financiero a l 31 de diciembre de 2012 . COMPARACIĂ“N DEL FORMULARIO 101 , Y FORMULARIO SUPERINTENDENCIA DE COMPAĂ‘IAS APLICADO A NIIF.
1. Plan de cuenta NIIF 2. Asientos de apertura con NIIF 3. Estados Financieros y notas 4. Reglamento del Patrimonio Superintendencia de CompaĂąĂas 5. AplicaciĂłn del impuesto diferido e impacto tributario: a. Deterioro de instrumentos financieros b. Deterioro de inventarios c. ProvisiĂłn JubilaciĂłn y Desahucio d. Desmantelamiento e. Valor Neto de RealizaciĂłn f. Deterioro de activos PROBLEMA CON SUS g. Valor Razonable BALANCES EN NIIF ESTA ES SU h. Ingresos diferidos OPORTUNIDAD i. RevalorizaciĂłn de activos
ŊěŊBei cehWZeh[i Z[ bW
Wl[d_ZW / Z[ eYjkXh[ l_l[d Yedi# jWdj[c[dj[ Yed [b j[ceh Z[ i[h WiWbjWZei e gk[ bei Zk[‹ei Z[ be W`[de _d]h[i[d W iki YWiWi$ BW \WbjW Z[ Yedjheb feb_Y_Wb [i dejeh_W [d [b bk]Wh" oW gk[ Z[i# Z[ bW cW‹WdW i[ [cf_[pW W l[h YŒce bei cWb[Wdj[i ikX_Zei [d cejeY_Yb[jWi hedZWd feh [ijWi YWbb[i o W f[iWh gk[ ckY^ei YedeY[d W bei Wdj_ieY_Wb[i" i_d [cXWh]e dWZ_[ Z_Y[ dWZW" feh j[ceh$ :WoWdW Oƒf[p" cehWZe# hW Z[b i[Yjeh" c[dY_edŒ gk[ [ijW Wl[d_ZW i[ YWhWYj[h_pWXW feh i[h kdW Whj[h_W cko cel_ZW$
2 # " !% #$ " & % " $
FECHA: JUEVES 2 4 DE MAYO LUGAR: UTEQ FACULTAD DE CIENCIAS EMPRESARIALES HORARIO: 9HOO A 17HOO INCLUYE: CD, CARPETA DE TRABAJO, MATERIAL, CERTIFICADO Y ALMUERZO PRĂ“XIMO SEMINARIO PARA SECRETARIAS Y ASISTENTES EJECUTIVAS FECHA: 30 DE MAYO 00871-CG
INFORME E INSCRIPCIONES TELF: 097257277/ TELEFAX: 022 759145/ 2763626 EMAIL: capacitar2004@yahoo.com
.-.#B=
Ŋ ě BW Y_kZWZWd‡W XW#
3+$(*(6 ;.$6
$12 !$** )-4$,"(2
/3($0$ 1$0 * 1-!$0 , . 0 .-02 0
"-, (,"$1
BW [dYWdjWZehW Okc[_b_p Oƒf[p P|hWj[ [i kdW Z[ bWi YWdZ_ZWjWi o ik[‹W [d Yedl[hj_hi[ [d bW dk[lW H[_dW Z[ L_dY[i$ Ik iedh_iW Ye# gk[jW o ik c_hWZW YWkj_lWZehW" W c|i Z[ kde ^WY[d ikif_hWh$ Ik cWd[hW Z[ i[h o bW Wc_i# jWZ gk[ Xh_dZW" i_d ZkZW" ied bWi fh_dY_fWb[i YkWb_ZWZ[i gk[ Z[i# jWYWd [d [bbW" W c|i Z[ j[d[h kdW leYWY_Œd Z[ WokZW ^kcWd_jWh_W$ ;d ceZ[bWh" b[[h o fhWYj_YWh [b [b Z[fehj[ Y^_de Z[ jW[medZe"
[cfb[W ik j_[cfe [d bei hWjei b_Xh[i$ I[ i_[dj[ cko eh]kbbeiW Z[ iki fWZh[i" [if[Y_Wbc[dj[ ik cWZh[" W gk_[d WZc_hW$ I_]k[ iki [ijkZ_ei Z[ <_i_ej[# hWf_W [d bW Kd_l[hi_ZWZ JƒYd_# YW Z[ 8WXW^eoe" ZedZ[ YkhiW [b j[hY[h W‹e o [if[hW i[h kdW ]hWd fhe\[i_edWb$ H[fh[i[djW Wb ]hkfe feb‡j_Ye Cel_c_[dje Fheo[Yje L_dY[i o [d bW i_]k_[dj[ [djh[l_ijW dei h[# bWjW Z[ iki Wif_hWY_ed[i$
7 3; 2$ +-2(4< 1$0 " ,#(# 2
C[ cej_lΠi[h YWdZ_ZWjW bWi d[# Y[i_ZWZ[i gk[ l[e [d c_ fk[Xbe o [ijeo Z_ifk[ijW W bkY^Wh fWhW iWYWhbe WZ[bWdj[$ 7 -0 /3; /3($0$1 1$0 * $(, #$
(,"$1
,#(# 2
5-&*,*8 "7"." :0&8 !92"4& "</3 50&2*/2&3 353 0"%2&3 /%&,"2 ,&&2 7 )"$&2 %&0/24&3 "2$&,/." )"7"..&
;cfh[dZ[h‡W WYY_ed[i gk[ lW# oWd [dYWc_dWZWi W \Wleh[Y[h W bei d_‹ei" WZkbjei cWoeh[i o Z_i# YWfWY_jWZe" Yh[e gk[ ^Wo ckY^e feh ^WY[h$ 9bWhe gk[ i‡ ^W fhe]h[iWZe" feh [`[cfbe [d bW feb‡j_YW ckY^Wi 7 3; "-,"$.2-1 2($,$1 #$ *-1 $4$, ck`[h[i Z[ijWYWd o [ie i_]d_Ă’YW gk[ i[ ^W WlWdpWZe$ 2-1 #$ !$**$6 Ied Xed_jei" dei i_hl[ fWhW gk[ bWi ck`[h[i dei ceijh[cei o 7 3; +$,1 )$ *$ # 1 * )34$,23# jWcX_ƒd feZ[h Z[ceijhWh gk[ de C_ c[diW`[ W bei `ÂŒl[d[i [i gk[ iebe Yed X[bb[pW ^WY[cei jeZe" Z_]Wd de W bWi Zhe]Wi" gk[ ^W]Wd i_de Yed bW YWfWY_ZWZ [ _Z[Wi$ YWie W iki fWZh[i" gk[ i_]Wd iki [ijkZ_ei o gk[ WokZ[cei Wb c[# Z_e WcX_[dj[ ^WY_[dZe YedY_[d# 7 3:*$1 1-, 231 1.(0 "(-,$1 I[]k_h [ijkZ_WdZe" j[hc_dWh c_i Y_W [d de YedjWc_dWhbe$ [ijkZ_ei fWhW i[h fhe\[i_edWb" fehgk[ Yh[e gk[ bW [ZkYWY_ÂŒd [i 7 ,4(2 "(<, .-!* "(<, bW XWi[ \kdZWc[djWb fWhW [b Z[# Bei _dl_je fWhW [ij[ i|XWZe (, Z[ iWhhebbe$ 7Z[c|i gk_[he WokZWh cWoe fWhW gk[ WYkZWd W bW f_ijW W c_i fWZh[i o W c_ fk[Xbe$ DeY^[i Z[ FWh‡i W [if[YjWh kde Z[ bei [l[djei c|i _cfehjWdj[i 7 0$$1 /3$ $* 0-* #$ * +3)$0 $, * Z[b YWdjÂŒd o gk[ Wfeo[d W ik YWdZ_ZWjW \Wleh_jW$ 1-"($# # ' 4 ,6 #-
&&++.#B=
Okc[_b_p Oƒf[p P|hWj[ [ij| Wd_cWZW Yed [b YedYkhie$
ĹŠÄ› 9edj_d‘Wd bei jhWXW`ei Z[ h[][d[hWY_ÂŒd [d bW 7l$ 7gk_# b[i 9Whh_[b1 [ijW eXhW gk[ [ijWXW Z_ifk[ijW [d [b fbWd Z[ YedjhW# jWY_ÂŒd Z[b W‹e (&'' o gk[ \k[hW ikif[dZ_ZW feh [if[hWh kdW Wi_]dWY_ÂŒd Z[ fWhj[ Z[b 8WdYe Z[b ;ijWZe" h[_d_Y_ÂŒ bWi bWXe# h[i kdW l[p gk[ i[ ^W Ykcfb_# Ze Yed jeZe be Z_ifk[ije feh bW [dj_ZWZ Yh[Z_j_Y_W$ EXhWi F‘Xb_YWi ckd_Y_fW# b[i _d\ehcW gk[ i[ h[jecWd bei jhWXW`ei Z[ h[Yed\ehcWY_ÂŒd Z[b j[hh[de fWhW bk[]e WYY[Z[h W bW YedijhkYY_ÂŒd Z[ WY[hWi" XehZ_# bbei o [b WZegk_dWZe h[if[Yj_le$
;ijWi eXhWi i[ bWi [`[YkjW Yed \edZei fhel[d_[dj[i Z[b Yedl[# d_e ikiYh_je [djh[ [b 8WdYe Z[b ;ijWZe o [b Ckd_Y_f_e" bWi eXhWi Yecfb[c[djWh_Wi ied ÒdWdY_W# ZWi Yed h[Ykhiei fhef_ei Z[b ]e# X_[hde ckd_Y_fWb$ Æ9ed [ijW eXhW lWcei c[# `ehWdZe [b ehdWje Z[ bW Y_kZWZ" j[d[cei kd Yedl[d_e Yed bW Fh[\[YjkhW fWhW [b Wi\WbjWZe Z[ lWh_Wi YWbb[i" _dYbk_ZW bW 7l$ '& Z[ 7]eije ^WijW bb[]Wh Wb [ijW# Z_e '* Z[ @kd_e1 fWhW [b [\[Yje" j[d[cei gk[ h[Yed\ehcWh lW# h_Wi Z[ [bbWiÇ" ieijkle [b @[\[ Z[ I[hl_Y_ei F‘Xb_Yei$
c[dj[ o Z[i[Wd YWiWhi[ [d i[# ]kdZWi dkfY_Wi" i_cfb[c[dj[ i[ ^WY[ kd jh|c_j[ [d bW dejWh_W" Wd# j[h_eh Wb cWjh_ced_e" gk[ i[ Z[# 6 1&".+ / .)" ,".+ !"/"+ dec_dW YWf_jkbWY_ed[i cWjh_ce# ." (&4 . ( /", . &?* !" &" d_Wb[i$ ;ije i_]d_Ă’YW gk[ i[ ^WY[ kdW c_dkjW e kdW [iYh_jkhW [d bW *"/
6 1< !" + % ".
dejWh_W" ZedZ[ i[ lW W [dkc[hWh jeZe be gk[ i[ ^W WZgk_h_Ze Wdj[i
Z[b cWjh_ced_e l[d_Z[he" gk[ [d [ij[ YWie i[h_W [b dk[le" o Wbb‡ i[ WdejWd bWi Yb|kikbWi Z[ gk[ [ie 9kWdZe ^Wo Y_[hjWi fWh[`Wi gk[ de [djhWh‡W Yece fWjh_ced_e ^Wd WZgk_h_Ze X_[d[i Wdj[h_eh# e X_[d Z[b dk[le cWjh_ced_e"
."$1*0
."$1*0
& "/,+/+ -1&"." -1&0 .)"
)&/ %&'+/
6 " "/&0+ / ". ,+. -1<
1/ / (+ ,1"!" % ". !
>Wo gk[ j[d[h YbWhe fh_c[he gk[ [b 9ŒZ_]e Z[ bW D_‹[p o bW 7Zeb[iY[dY_W WcfWhW [i# f[Y‡\_YWc[dj[ bei Z[h[Y^ei Z[ bW cWZh[$ ;i Z[Y_h gk[ dehcWbc[dj[ YkWdZe ^Wo kdW i[fWhWY_Œd" i[W lebkd# jWh_e e [d jƒhc_dei Z_\‡Y_b[i" i_[cfh[ bei d_‹ei j_[dZ[d W gk[ZWhi[ Yed ik cWZh[" fehgk[ [bbW [i bW gk[ j_[d[ bW fWjh_W fej[ijWZ$ F[he YkWdZe ^Wo [ij[ j_fe Z[ fheXb[cW" gk[ [b fWZh[ gk_[h[ gk_jWhb[ bei ^_`ei W ik
i_[cfh[ o YkWdZe bWi Zei f[hie# dWi [ijƒd Z[ WYk[hZe$ I_ [d [ij[ YWie [i bW ck`[h bW gk[ i[ lW W YWiWh dk[lWc[dj[ o j_[d[ X_[d[i" [bbW fh[i[djWh‡W jeZW bW ZeYkc[djWY_ÂŒd Yece [i# Yh_jkhW Z[ bWi YWiWi e l[^‡Ykbei gk[ j[d]W" [i Z[Y_h jeZe be gk[ h[ifWbZ[ gk[ [bbW [i fhef_[jWh_W Z[ Z_Y^ei X_[d[i$ I_ j_[d[ Yk[d# jWi [d bei XWdYei" Z[ _]kWb cWd[# hW i[ [if[Y_Ă’YW [b d‘c[he Z[ bWi Yk[djWi o [b iWbZe gk[ j_[d[ Wdj[i Z[ YWiWhi[$
O bW fWh[`W" gk[ [d [ij[ YWie [i [b \kjkhe [ifeie" jWcX_ƒd j[d# Zh‡W gk[ Ă’hcWh fehgk[ ƒb WY[f# jWh‡W jeZe [ije$ ;ie i[ h[Wb_pW [d YkWbgk_[h dejWh_W Z[b fW‡i" Yed h[YedeY_c_[dje Z[ \_hcW o i[ WZ`kdjW [d [b cec[dje [d gk[ i[ lWoWd W YWiWh$ I_ bW fWh[`W i[ YWiW feh X_[d[i i[fWhWZei" gk_[h[ Z[Y_h gk[ Wi‡ [bbei WZgk_[hWd X_[d[i" [ie lW W i[h Z[ bW f[hiedW gk[ bei Yedi_]W" de Z[b cWjh_ced_e$ O [ie i[ j[d# Zh‡W gk[ Y[hj_Ă’YWh$
;ije [i Wb]e fhWY# j_Ye o i[d# Y_bbe fWhW be YkWb de i[ d[Y[i_jW ckY^e jh|# c_j[" iebe Z[X[d j[# d[h bei ZeYkc[djei [d h[]bW$
cWZh[" j[dZh‡Wd gk[ [if[Y_Ă’YWh# i[ Y_[hjWi YWkiWb[i gk[ Z[j[hc_# d[d gk[ ƒb j[dZh‡W [b Z[h[Y^e W gk_j|hi[bei$ Feh [`[cfbe0 BW cWZh[ fk[Z[ f[hZ[h bW fWjh_W fej[ijWZ Z[ bei ^_`ei YkWdZe [i WbYe^ÂŒb_YW" Z[# f[dZ_[dj[ Z[ ikijWdY_Wi [ijkf[# \WY_[dj[i e fi_YejhÂŒf_YWi" be YkWb fed[ [d f[b_]he bW _dj[]h_ZWZ jWdje \‡i_YW" cehWb" fi_YebÂŒ]_YW o [YedÂŒc_YW Z[ bei ^_`ei$ Ejhe YWie [i YkWdZe ^Wo cW# Zh[i fh_lWZWi Z[ bW b_X[hjWZ [d l_hjkZ Z[ kdW i[dj[dY_W [`[Yk# jeh_WZW YedZ[dWjeh_W" de h[Y_ƒd jhWc_jWZW$ ;d [ij[ YWie [b fWZh[ fk[Z[ ieb_Y_jWh bW fWjh_W fej[ijWZ e bW j[d[dY_W$ Ejhe YWie [i YkWdZe [n_ij[ WXkie i[nkWb Z[ bei ^_`ei gk[ [ij|d W YWh]e Z[ bW cWZh[$ ;ije i[ fk[Z[ ZWh [d bei YWiei ZedZ[
^Wo cWZh[i gk[ ^Wd WZgk_h_Ze dk[lei Yecfhec_iei o bei fW# ZhWijhei ckY^Wi l[Y[i j_[dZ[d W WXkiWh Z[ bei ^_`Wijhei Wi o [i Wbb‡ ZedZ[ ^Wo kd WXkie i[nkWb$ :[ _]kWb cWd[hW bW fWjh_W fe# j[ijWZ i[ f_[hZ[ YkWdZe ^Wo kdW [nfbejWY_Œd i[nkWb e bWXehWb" gk[ [i be gk[ c|i i[ fh[i[djW [d dk[ijhe fW‡i$ Ejhe YWie [i YkWd# Ze i[ _d_Y_W bW c[dZ_Y_ZWZ Z[ bei d_‹ei e `Œl[d[i" e YkWdZe b[i jeYW jhWXW`Wh [d bW YWbb[ fWhW cWdj[d[h W iki cWZh[i$ I_ [i kdW cWZh[ Yehh[YjW" Wkdgk[ de j[d]W bei c[Z_ei [YedŒc_Yei fWhW cWdj[d[hbei" f[he b[i ZW Xk[d [`[cfbe o [ij| [d bWi YWfWY_ZWZ[i o Wfj_jkZ[i fWhW j[d[hbei" dWZ_[ i[ bei fe# Zh| gk_jWh$ Kd YWie gk[ i[ fh[i[djW ck# Y^e [i YkWdZe [b fWZh[ j_[d[ kd
Y_[hje d_l[b [YedÂŒc_Ye ckY^e cWoeh Wb Z[ bW cWZh[ o [djedY[i f_[diWd gk[ feh [ij[ ^[Y^e fk[# Z[d Wc[dWpWh o be]hWh ik eX`[# j_le" f[he bWi b[o[i [YkWjeh_WdWi de [ijWXb[Y[d [ie$
30(12" #-,13*2"$" 8 8
1.%#("*(12" #-,13*2"$" 8 8
&&))-#9=
."$1*0 . '< !1. *0" 0."/ >+/ "*
1* "),."/ "/0 0 ( 3 *+/ &* #+.) .+* -1" ,+. ."!1 &?* !"
,"./+* ( !" ".= )+/ 5.) . (
."*1* &
( ,.&)". $.1,+ -1"
!"/,&!&".+* (" !&".+* 1* 1" * (&-1&! &?* 3 ( 2". "/0+ "(
/"$1*!+ $.1,+ "* "( -1" 3+ )"
"* +*0. !" &!&)+/ #&.) .
0 ) &<* "/,". *!+ -1" *+/
!&". * ( )&/) *0&! ! ,".+
"* ." (&! ! *+ #1" /= 6 /0+
"/ ("$ (
!
&&*(&#C7
;b _d]h[ie Z[b i[hl_Y_e Y_# l_b o bW YWhh[hW WZc_d_ijhWj_# lW [ij| h[]kbWZW feh bW B[o Eh]|d_YW Z[b I[hl_Y_e F‘Xb_Ye Bei[f W fWhj_h Z[b W‹e (&'&$ >Wo Zei \ehcWi Z[ _d]h[iWh W bW YWhh[hW Y_l_b0 kdW [i Yed decXhWc_[dje o ejhW Yed YedjhWje Z[ i[hl_Y_ei eYWi_e# dWb[i" gk[ [ij| WcfWhWZe [d bW b[o$ :[djhe Z[ kdW ^Wo bW [ijW# X_b_ZWZ fWiWZei bei , c[i[i o [d bW ejhW [b YedjhWje fk[Z[ i[h h[delWZe WdkWbc[dj[ o de WZgk_[h[ kdW [ijWX_b_ZWZ bWXehWb Yed [b ;ijWZe$ ;djed# Y[i bW Bei[f f[hc_j[ gk[ ^WijW
[b gk_dje W‹e Z[ bWXeh[i [d bWi _dij_jkY_ed[i f‘Xb_YWi" i[ fk[# ZW fh[iY_dZ_h Z[ bei i[hl_Y_ei Z[ kd i[hl_Zeh f‘Xb_Ye c[# Z_Wdj[ YedjhWje" i_d Z[h[Y^e W cWoeh b_gk_ZWY_ÂŒd" i_de bei fhefehY_edWb[i gk[ feh B[o b[ Yehh[ifedZ[d Yece ZƒY_ce j[hY[he" ZƒY_ce YkWhje" lWYW# Y_ed[i" [djh[ ejhei$ H[if[Yje W be gk[ Z_Y[ WY[h# YW Z[ gk[ feh [b fheY[ie Z[ h[ZkYY_ÂŒd Z[ f[hiedWb Z[X[ Ă’hcWhi[ bW h[dkdY_W" [ije de i[ Z[X[ ^WY[h `Wc|i$ D_d]‘d jhWXW`WZeh [ij| eXb_]WZe W Ă’h# cWh bW h[dkdY_W i_ de gk_[h[$ I_ [b [cfb[WZeh gk_[h[ ZWh feh j[hc_dWZW bW h[bWY_ÂŒd bW# XehWb" i_cfb[c[dj[ fk[Z[ Yeckd_YWhb[ ik Z[Y_i_ÂŒd kd_# bWj[hWb$ F[he i_ [bbW oW Ă’hcÂŒ bW h[dkdY_W" [dj[dZ[cei gk[ bW h[bWY_ÂŒd bWXehWb \k[ j[hc_dWZW feh WYk[hZe Z[ bWi fWhj[i" [d# jedY[i bW b_gk_ZWY_ÂŒd de fk[Z[ i[h cko WbjW$ Gk[ZW W fej[ijWZ Z[b h[fh[i[djWdj[ Z[ bW YecfW# ‹‡W [ijWjWb [d bW YkWb jhWXW`W" [b cedje Z[ bW b_gk_ZWY_ÂŒd gk[ b[ lWd W [djh[]Wh$ IeXh[ [b ^[Y^e Z[ gk[ Wb ejhe ]hkfe be b_gk_ZWhed Z[ c[`eh cWd[hW" ^WXh‡W gk[ WdW# b_pWh ckY^ei \WYjeh[i$ Fk[Z[ i[h gk[ [b Wdj[h_eh ]hkfe ^WoW j[d_Ze decXhWc_[djei" [djed# Y[i be gk[ i[ b[i ^_pe \k[" ^W#
X b W d Z e ^_fejƒj_# YWc[dj[" bW ikfh[# i_ÂŒd Z[ bW f W h j _ Z W fh[ik# f k [ i j W# h_W o [ie i_ Wc[h_jW Z[ WYk[hZe W bW B[# ]_ibWY_ÂŒd" kdW _dZ[cd_pWY_ÂŒd [YedÂŒc_YW Z[ - iWbWh_ei X|# i_Yei kd_Ă’YWZei" [i Z[Y_h (/( ZÂŒbWh[i ckbj_fb_YWZe feh - o feh YWZW W‹e Z[ i[hl_Y_e gk[ [b jhWXW`WZeh ^WoW fh[ijWZe W bW _dij_jkY_ÂŒd$
&&('(#9=
1.%#("*(12" #-,13*2"$-
:
&*',#9=$
&&(''#9=
555 * &-0 !-+ #!
, & 0# & !" ! & & &*+& 1 & & ! ( % 2 & & & /)& " '& & & ! !" & 3 &$& # & ( & & & !2 ) +#* + 0 ,- 0#', "# 3#4#"- #*1-, '** 00# * *! *"# "#
,= 7 0') !-12 0#', "#
,=
,2-1 -+#0- *'* 0 -*#" 7 *- =@#8
0*-1 00#0 ,>1 7 * *#, ,20' %- 7 0!- '* %3 ,-
#**7 1!- 0 7 #*' 3,3& 7
'62- 3! 0 7 0'#* -,2-7
0% 0'2 &3/3' ,- #0!#"#1 '*#+ *'8 #2& #'% 3*', -,2#,#%0- 7 0*#,# 120-
ƒ Ä
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
),, Ĺ‹3Ĺ‹ ( Ĺ‹ Ĺ‹ Ĺ‹- Ĺ‹, Ă„( (Ĺ‹")3 DWZ_[ h[Yk[hZW Yed [nWYj_jkZ Yk|dZe \k[ bW ‘bj_cW l[p gk[ bei WiWcXb[‡ijWi Z[ bW XWdYWZW Z[ F7?I i[ h[kd_[hed W jhWjWh j[cWi febƒc_Yei Yed [b fh[i_Z[dj[" HW# \W[b 9ehh[W" f[he ^eo WbcehpW# h|d Yed ƒb o jhWjWh|d bW W][dZW b[]_ibWj_lW fWhW be gk[ gk[ZW Z[b f[h_eZe$ Bei eĂ’ Y_Wb_ijWi Wi[]khWd gk[ [ijW h[kd_ÂŒd f[hc_j_h| ikf[hWh ÆfheXb[cWi Z[ YeehZ_dWY_ÂŒd o Yeckd_YWY_ÂŒdÇ o Z[Ă’ d_h bWi b[o[i fh_eh_jWh_Wi$ F[he" bW efei_Y_ÂŒd ef_dW gk[ bW Y_jW [i i_cfb[c[dj[ kd cec[dje fWhW Æh[Y_X_h ÂŒhZ[# d[i Z[b `[\[Ç$ IeXh[ bW c[iW [ij|d j[cWi Yece bW YWhjW [d bW gk[ 9ehh[W Yk[ij_edÂŒ [b jhWXW`e Z[ bW 7iWc# Xb[W" [b l[je jejWb W bW B[o Z[ bW <kdY_ÂŒd B[]_ibWj_lW" [b h[jhWie Z[b fW]e Z[ bei ik[bZei o [b Wd# j_Y_fWZe WdkdY_e Z[ kd l[je Wb dk[le 9ÂŒZ_]e F[dWb$
Ŋ1#4-(¢-
;b fh[i_Z[dj[ Z[ bW 7iWcXb[W" <[hdWdZe 9ehZ[he" d_[]W gk[ ^WoW Wif[h[pWi [djh[ [b B[]_ibW# j_le o [b ;`[Ykj_le" f[he WZc_j[ gk[ ^Wd [n_ij_Ze YWhjWi Æde Z[ bW c[`eh \WYjkhWÇ o gk[ ^Wo ÆcWbW _d\ehcWY_ÂŒdÇ feh be gk[ b[ [nfb_# YWh| W 9ehh[W Yk|b [i [b \kdY_edW# c_[dje Z[b B[]_ibWj_le$ =_dW =eZeo" [d YWcX_e" Z_Y[ gk[ [i d[Y[iWh_e Æh[Ykf[hWh kdW fh|Yj_YW fehgk[ ^WY[ '/ c[i[i de dei h[kd_ceiÇ$ ;b [n_dj[]hWdj[ o [nYeehZ_dW# Zeh Z[ F7?I" 9ƒiWh HeZh‡]k[p" Yh[[ gk[ [d [ij[ [dYk[djhe Æ^W# Xh| kd fWjhÂŒd gk[ cWdZW o kdei f[ed[i gk[ eX[Z[Y[dÇ$ HWc_he :|l_bW 7B " i[‹WbÂŒ
Ŋ 2 , +# Ŋ' !#Ŋ 1 3.Ŋ/#1"(¢Ŋ24Ŋ 43.-.Ĺ ,~ ĢēŊŊ
Ŋ : Ŋ } Ŋĸ Ě
;2Ŋ-.2Ŋ'#,.2Ŋ"#"(Ĺ ! ".Ŋ Ŋ' !#1Ŋ/1.2#+(Ĺ 3(2,.Ŋ04#Ŋ Ŋ1#4-(.-#2Ŋ "#Ŋ31 ).ĢēŊ ¥ Ŋ Ŋ } Ŋ Ŋ
#, 2ĹŠ#-ĹŠ+ ĹŠ %#-" ĹŠ Ĺ—ĹŠĹŠ
.,.ĹŠ /#1(3(5.ĹŠ#23;-ĹŠ+ 2ĹŠ+#8#2ĹŠ "#ĹŠ %4 2ĔŊ3(#11 2ĔŊ!4+341 ĔŊ!.,4Äą -(! !(¢-ĔŊ3#+#!.,4-(! !(.-#2ĹŠ8ĹŠ !¢"(%.ĹŠ/#- +ĔŊ!48 ĹŠ /1. !(¢-ĹŠ2(%4#ĹŠ /#-"(#-3#Ä“ĹŠ 1 ĹŠ .".8ĹŠ#+ĹŠ/1. +#, ĹŠ #2ĹŠ04#ĹŠÄĄ#+ĹŠ +.04#ĹŠ-.ĹŠ#2ĹŠ24ÄƒĹŠ!(#-3#ĹŠ / 1 ĹŠ /1. 1ĹŠ+#8#2ĢĔŊ/.1ĹŠ+.ĹŠ04#ĹŠ "# #1;-ĹŠ - +(9 1ĹŠ!¢,.ĹŠ!.-2#%4(1ĹŠ+ 2ĹŠ 5.+4-3 "#2ĹŠ04#ĹŠ+#2ĹŠ' !#ĹŠ$ +3 Ä“ĹŠ %+( 1".ĹŠ %1#% ĹŠ04#ĹŠ3(#-#-ĹŠ 04#ĹŠ++#% 1ĹŠ ĹŠ !4#1".2ĹŠ#-ĹŠ1#+ !(¢-ĹŠ +ĹŠ5#3.ĹŠ/1#2("#-!( +ĹŠ/ 1 ĹŠÄĄ2 #1ĹŠ24ĹŠ +! -!#ĢĔŊ/4#2ĹŠ!.-ÄƒĹŠ#2 ĹŠ04#ĹŠÄĄ ĹŠ5#!#2ĹŠ 2#ĹŠ !4#1" ĹŠ4- ĹŠ!.2 ĹŠ8ĹŠ2#ĹŠ3#1,(- ĹŠ ' !(#-".ĹŠ.31 ĢēŊ .+ -".ĹŠ -!' - ĹŠ1#!.-.!#ĹŠ04#ĹŠ ÄĄ-.ĹŠ2#ĹŠ' -ĹŠ1#2/#3 ".ĹŠ+.2ĹŠ !4#1Äą ".2ĢĔŊ 4-04#ĹŠ(-"(! ĹŠ04#ĹŠ-.ĹŠ' ĹŠ2(".ĹŠ /.1ĹŠ, + ĹŠ5.+4-3 "ĔŊ2(-.ĹŠ/.104#ĹŠ#+ĹŠ !.-23 -3#ĹŠ! , (.ĹŠ#-ĹŠ#+ĹŠ (-(23#1(.ĹŠ "#ĹŠ ..1"(- !(¢-ĹŠ"#ĹŠ+ ĹŠ .+~3(! ĹŠÄĄ-.ĹŠ' ĹŠ /#1,(3(".ĹŠ04#ĹŠ' 8 ĹŠ!.-3(-4(" "ĹŠ#-ĹŠ + ĹŠ1#+ !(¢-Ģē
gk[ be gk[ XkiYWd bei WiWcXb[‡i# jWi Z[ F7?I [i ÆikcWh cƒh_jei o i[h _dYbk_Zei [d bWi b_ijWi fWhW bWi fhÂŒn_cWi [b[YY_ed[i Ç$
Ä“ĹŠ .2ĹŠ.ÄƒĹŠ!( +(23 2ĹŠ-.ĹŠ+.%1 -ĹŠ!.-2#%4(1ĹŠ5.3.2ĹŠ/ 1 ĹŠ+#8#2ĹŠ/.+_,(! 2Ä“ĹŠ
¥ ēŊ Ŋ .,(2(¢-Ŋ -3#1 ,#1(! - Ŋ"#Ŋ #1#!'.2Ŋ 4, -.2Ŋ, -3(#-#Ŋ242Ŋ!1~3(! 2Ŋ -3#Ŋ+ 2Ŋ1#231(!!(.-#2Ŋ Ŋ+ Ŋ +( #13 "Ŋ"#Ŋ#7/1#2(¢-Ŋ#-Ŋ !4 ".1ē
# ,. ŋ ŋ 2*, -#š(ŋ ŋ . ŋ (ŋ& ŋ
Ŋ!1(,(- +(9 !(¢-Ŋ"#Ŋ+ Ŋ/1.3#23 Ŋ2.Ĺ Ŋ !( +Ŋ3 , (_-Ŋ2#1;Ŋ4-Ŋ3#, Ŋ"#Ŋ -;+(2(2Ŋ #-Ŋ+ Ŋ!(3 Ŋ(-3#1- !(.- +ēŊ
BW b_X[hjWZ Z[ [nfh[i_ÂŒd o bW 1.3#23 2 Yh_c_dWb_pWY_ÂŒd Z[ bW fhej[ijW Kd _d\ehc[ Z[ 7YY_ÂŒd ;YebÂŒ]_# ieY_Wb cWhYWh|d Z[iZ[ ^eo #o YW" Wi_c_ice" h[l[bW gk[ bWi YWi_ ZkhWdj[ kdW i[cWdW# bei Z[XW# (&& l‡Yj_cWi Z[ bW Yh_c_dWb_pW# j[i [d bW i[i_ÂŒd YedleYWZW feh Y_ÂŒd ied f[hiedWi o Yeb[Yj_lei bW Eh]Wd_pWY_ÂŒd Z[ bWi DWY_ed[i feXbWY_edWb[i1 b‡Z[h[i o Z_h_][d# Kd_ZWi EDK [d =_d[XhW Ik_# j[i ieY_Wb[i o Wkjeh_ZWZ[i f‘Xb_# pW " ZedZ[ [b ;YkWZeh" `kdje W YWi beYWb[i h[fh[i[djWdj[i Z[ ejhei ;ijWZei" i[h|d iec[j_Zei `kdjWi fWhhegk_Wb[i" YWdjedWb[i Wb ;nWc[d F[h_ÂŒZ_Ye Kd_l[hiWb o fhel_dY_Wb[i o eh]Wd_pWY_ed[i ;FK $ ieY_Wb[i _dZ‡][dWi" YWcf[i_dWi ;b ;YkWZeh \ehcW fWhj[ Z[b o [Yebe]_ijWi $ fh_c[h ]hkfe Z[ ;ijWZei gk[ I[]‘d [b ZeYkc[dje" jWc# fWiWh| W [nWc[d [d bW i[]kdZW X_ƒd ^Wo YWiei Z[ ef[hWZeh[i Z[ hedZW Z[ [ij[ c[YWd_ice Z[ h[# `kij_Y_W gk[ ^Wd [c_j_Ze \Wbbei l_i_ÂŒd [dYWh]WZe Z[ [lWbkWh bW W \Wleh Z[ f[hiedWi efk[ijWi W i_jkWY_ÂŒd Z[ :[h[Y^ei >kcW# c[]Wfheo[Yjei$ dei [d bei fW‡i[i$ Kd [`[cfbe \k[ bW WYY_ÂŒd gk[ FWhW [b Z_h[Yjeh Z[ <kdZW# _cfkbiÂŒ [b [nc_d_ijhe Z[ @kij_# c[Z_ei" 9ƒiWh H_YWkhj[" gk_[d Y_W" @eiƒ I[hhWde" eh_[djWZW W fh[i_Z[ bW Z[b[]WY_ÂŒd Z[ _d_Y_Wh kd fheY[ie f[dWb bW ieY_[ZWZ Y_l_b" bW Z_i# o Z_iY_fb_dWh_e YedjhW ĹŠ Yki_ÂŒd [ijWh| Zec_dWZW bW `k[pW CWh‡W 9h_ij_dW ^WY_W bWi b_c_jWY_ed[i o DWhl|[p" gk_[d WY[fjÂŒ W]h[i_ed[i W bW b_X[hjWZ +ĹŠ ĹŠ#2ĹŠ4-ĹŠ bW f[j_Y_ÂŒd Z[ >WX[Wi ,#! -(2,.ĹŠ #23 +#!(".ĹŠ/.1ĹŠ Z[ [nfh[i_ÂŒd$ 9ehfki W \Wleh Z[ jh[i b‡# +# ĹŠ"#ĹŠ ;d kd ZeYkc[dje Z[ + ĹŠ 2 , Z[h[i i^kWh [d`k_Y_WZei + ĹŠ ĔŊ#-! 1Äą (& f|]_dWi gk[ fbWd# % ".ĹŠ"#ĹŠ1#5(2 1ĹŠ XW`e [b YWh]e Z[ j[hheh_i# + ĹŠ2(34 !(¢-ĹŠ"#ĹŠ j[ÂŒ bW ieY_[ZWZ Y_l_b W +.2ĹŠ #1#!'.2ĹŠ ce" feh cWd_\[ijWhi[ [d bW EDK" i[ h[ikc[d bWi 4, -.2ĹŠ#-ĹŠ+.2ĹŠ YedjhW Z[ bW b[o Z[ W]kWi ÄˆÄ’ÄŠĹŠ#23 ".2ĹŠ fh[eYkfWY_ed[i [d jeh# ,(#, 1.2Ä“ o gk[ \k[hed Wfh[iWZei de W gk[ [b =eX_[hde ^W [b fh_c[he Z[ \[Xh[he Z[ ieYWlWZe bW b_X[hjWZ Z[ (&''$ [nfh[i_ÂŒd Wb eXb_]Wh W bWi [ijW# Y_ed[i Z[ hWZ_eZ_\ki_ÂŒd o j[b[l_# 4-3.ĹŠ"#ĹŠ5(23 i_ÂŒd" W Z_\kdZ_h Z_iYkhiei fh[# ;b Z_h[Yjeh [`[Ykj_le Z[ bW 7ie# i_Z[dY_Wb[i o Wb de WZefjWh kd Y_WY_ÂŒd ;YkWjeh_WdW Z[ ;Z_jeh[i h[]bWc[dje ieXh[ bW fkXb_Y_ZWZ Z[ F[h_ÂŒZ_Yei 7[Z[f " :_[]e eĂ’ Y_Wb$ 9ehd[`e" _dZ_YÂŒ gk[ [d [iW Y_jW" ;d [b _d\ehc[ jWcX_ƒd i[ ZW [b ;YkWZeh Z[X[h‡W ZWh Yk[djW Yk[djW Z[b WjWgk[ i_ij[c|j_Ye Z[ iki WlWdY[i e Z_Ă’ YkbjWZ[i YedjhW bW fh[diW fh_lWZW" bW fWhW _cfb[c[djWh bWi h[Yec[d# [n_ij[dY_W o kie Z[ dehcWi f[# ZWY_ed[i gk[ [djh[]ÂŒ [b ;FK" dWb[i Z[ Z[iWYWje o l_b_f[dZ_e" ZkhWdj[ [b fh_c[h [nWc[d Z[ Wi‡ Yece Z[ dehcWi Y_l_b[i gk[ WXh_b Z[ (&&.$ feZh‡Wd YedZkY_h W bW _cfei_# 7]h[]ÂŒ gk[ ^WXh‡W gk[ fh[# Y_ÂŒd Z[ iWdY_ed[i$ ]kdjWhi[ Yk|b i[h| bW WYj_jkZ
5 +4 !(.-#2ĹŠ ĹŠ Ĺ—ĹŠĹŠ
Ŋ/1(,#1 Ŋ#5 +4 !(¢-Ŋ Ŋ+ Ŋ04#Ŋ 2#Ŋ2.,#3(¢Ŋ#+Ŋ !4 ".1Ŋ$4#Ŋ#-Ŋ 1(+Ŋ "#ŊĉććđēŊ #2/4_2Ŋ"#+Ŋ 7 ,#-Ŋ #1(¢"(!.Ŋ -(5#12 +Ŋ2#Ŋ'(!(#1.-Ŋ 1#!.,#-" !(.-#2Ŋ +Ŋ/ ~2Ŋ#-Ŋ3#, 2Ŋ !.,.Ŋ/1.%1#2.2ŊŊ#-Ŋ+ Ŋ1#$.1, Ŋ/#Ĺ -(3#-!( 1( ĔŊ+4!' Ŋ!.-31 Ŋ+ Ŋ"(2!1(,(Ĺ - !(¢-ĔŊŊ,#).1 2Ŋ#-Ŋ+ 2Ŋ!.-"(!(.-#2ŊŊ "#Ŋ+.2Ŋ"#3#-(".2Ŋ#-Ŋ+ 2Ŋ!;1!#+#2Ŋ8Ŋ #11 "(! !(¢-Ŋ"#+Ŋ31 ).Ŋ(-$ -3(+ēŊ +Ŋ -;+(2(2Ŋ"#Ŋ! " Ŋ/ ~2Ŋ2#Ŋ1# +(9 Ŋ 2. 1#Ŋ+ Ŋ 2#Ŋ"#Ŋ+ Ŋ(-$.1, !(¢-Ŋ04#Ŋ /1#2#-3 Ŋ#+Ŋ 23 ".Ŋ#7 ,(- ".Ŋ8Ŋ+ 2Ŋ .1% -(9 !(.-#2Ŋ"#Ŋ+ Ŋ2.!(#" "Ŋ!(5(+ēŊ
gk[ jecWh| [b ;ijWZe [d h[bW# Y_ÂŒd W bWi Yh‡j_YWi ieXh[ [b ]hWl[ Z[j[h_ehe Z[ bW b_X[hjWZ Z[ [n# fh[i_ÂŒd o Z[ fh[diW" [d bW gk[ bW WZc_d_ijhWY_ÂŒd o [b fhef_e Fh[i_Z[dj[ ^Wd i_Ze bei fh_dY_# fWb[i fhecejeh[i$ .2(!(¢-ĹŠ.ÄƒĹŠ!( +
BW fei_Y_ÂŒd eĂ’ Y_Wb Z[b =eX_[hde [d\Wj_pW [d bei WlWdY[i" gk[ [d b_X[hjWZ Z[ [nfh[i_ÂŒd" i[ ^Wd be]hWZe" Yece [b Z[ceYhWj_pWh [b [ifWY_e hWZ_e[bƒYjh_Ye" [djh[# ]WdZe \h[Yk[dY_Wi W bei fk[Xbei o dWY_edWb_ZWZ[i Z[b fW‡i$ ;b Hƒ]_c[d jWcX_ƒd i[‹WbW gk[ [b ;ijWZe ]WhWdj_pW W jeZei iki ^WX_jWdj[i [b Z[h[Y^e W kdW Yeckd_YWY_ÂŒd b_Xh[" _dj[hYkbjk# hWb" _dYbko[dj[" Z_l[hiW o fWhj_# Y_fWj_lW" Wi‡ Yece [b Z[h[Y^e W bW _d\ehcWY_ÂŒd Yed YWb_ZWZ [d ik h[Y[fY_ÂŒd o [c_i_ÂŒd" i_d Y[d# ikhW fh[l_W o Yed h[ifediWX_b_# ZWZ kbj[h_eh$ H[if[Yje Z[b i_ij[cW f[dWb" [b Hƒ]_c[d Z[ijWYW bW Yh[WY_ÂŒd Z[ bW :[\[dieh‡W F‘Xb_YW gk[ f[hc_j[ [b WYY[ie W bW `kij_Y_W" W bW jkj[bW [\[Yj_lW" _cfWhY_Wb" [n# f[Z_jW o ]hWjk_jW fWhW [l_jWh bW _dZ[\[di_ÂŒd$
ƒ Ă
Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. ÄŒĹ?
+ĹŠ #$#-2.1ĹŠ ĂŒ +(Äą !.ĹŠ!.-2("#1 ĹŠ04#ĹŠ $ +3 ĹŠ(-5#23(% !(¢-ĹŠ "#2/4_2ĹŠ"#ĹŠ04#ĹŠ2#ĹŠ ! /341 ĹŠ+ ĹŠ"1.% Ä“
Ē , )( 0 -ēŋ' 2# ( -ŋ #(!, - (ŋ - ŋßúúý
ĉÄ?ĹŠ"#ĹŠ.!34 1#ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‡ĹŠ ĹŠ #ĹŠ(-! 43 ĹŠÄˆĹŠ,(++¢-ĹŠ"#ĹŠ%1 ,.2ĹŠ"#ĹŠ!.! (Äą Ĺ—- ĹŠ#-ĹŠ#+ĹŠ #1./4#13.ĹŠ"#ĹŠ 4(3.Ä“ĹŠ ĹŠ"1.% ĹŠ #23 ĹŠ! ,4Ä„ĹŠ " ĹŠ#-ĹŠ3 +.-#2ĹŠ"#ĹŠ, "#1 ĹŠ #-ĹŠ+ ĹŠ2#!!(¢-ĹŠ"#ĹŠ! 1% Ä“ ÄˆÄ‘ĹŠ"#ĹŠ.!34 1#ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‡
ĹŠ #ĹŠ+.! +(9 ĹŠÄˆĹŠ3.-#+ " ĹŠ"#ĹŠĹŠ!.! ~- ĹŠ#-ĹŠ Ĺ— -3 ĹŠ04#ĹŠ/1#3#-"~ ĹŠ2#1ĹŠ31 2+ " " ĹŠ ĹŠ 2/  ē
-" % !(.-#2ĹŠ52Ä“ĹŠ2#-3#-!( 2
;b :[\[dieh F‘Xb_Ye" ;hd[ije FWpc_‹e" h[YedeY_ÂŒ gk[ [ijei YW# iei [l_Z[dY_Wd gk[ bei j[dj|Ykbei Z[b dWhYejh|Ă’ Ye [ij|d _djheZk# Y_ƒdZei[ [d [b ;YkWZeh o gk[ [b fW‡i i[h‡W kj_b_pWZe fWhW [b jh|Ă’ Ye o Yec[hY_Wb_pWY_ÂŒd Z[ Zhe]Wi$ 7]h[]ÂŒ gk[ Wkdgk[ [d [b fW‡i [n_ij[d Y_[djei Z[ _dZW]WY_ed[i fh[l_Wi [d j[cWi Z[ bWlWZe Z[ Z_d[he l_dYkbWZe Wb dWhYejh|Ă’ # Ye" ^WijW [b cec[dje iebe i[ ^Wd fheZkY_Ze Zei i[dj[dY_Wi$ ÆBW h[ifk[ijW [d i_cfb[" Z[jh|i Z[ [ije ^Wo ]hWdZ[i feZ[h[i [YedÂŒ# c_Yei" \Wc_b_Wh[i Z[ feZ[heiei feb‡j_Yei$$$Ç" i[‹WbÂŒ$ CWh_e FWpc_‹e WYejÂŒ gk[ [n_ij[d Y_\hWi ÆWbWhcWdj[iÇ Z[ Zhe]W YWfjkhWZW" f[he ^WijW bW \[Y^W de [n_ij[ [b h[ikbjWZe Z[ bWi _dl[ij_]WY_ed[i$ Æ;ijei YWiei ied ejhW [l_Z[dY_W Z[ gk[ [b dWh# Yejh|Ă’ Ye jecÂŒ Yk[hfe o i[Yk[i# jhÂŒ Wb fW‡i o kiW iki h[Z[i fWhW Wcfb_Wh ik fei_Y_ÂŒd [d [b ;ijWZe [YkWjeh_WdeÇ" WZl_hj_ÂŒ$
(. (#'# (.)Ĺ‹ Ĺ‹"#.)-Ĺ‹ (Ĺ‹ ,)(. , Ĺ‹-/,Ĺ‹ -.6Ĺ‹*),Ĺ‹ )( &/#,Ĺ‹
ĹŠ ŊŊĸ)4+(.ĹŠÄ‰Ä‡ÄˆÄˆĹŠ#-ĹŠ /.ĚŊ #ĹŠ!#,#-3.ĔŊ"($~!(+#2ĹŠ"#ĹŠĹŠ"(23(-Äą %4(1ĹŠ8ĹŠ!.13.ĹŠ3(#,/.ĹŠ"#ĹŠ5(" ĹŠ
/341 2ĹŠ"#ĹŠ"1.%
F[Z[hdWb[i$ ;d Z_Y^W W[hedWl[" bW Feb_Y‡W [dYedjhŒ ' c_bbŒd )*+ c_b ZŒbWh[i$
Bei YWiei Z[ dWhYejh|Ă’ Ye gk[ _d# lebkYhWd W W[hedWl[i c[n_YWdWi i[ h[]_ijhWd Z[iZ[ ^WY[ / W‹ei$ ;d eYjkXh[ Z[ (&&)" feh [`[cfbe" bW Feb_Y‡W 7dj_dWhYÂŒj_Yei beYWb_pÂŒ kd Wl_ÂŒd Yed *&& a_be]hWcei Z[ YeYW‡dW [d Fehjel_[`e CWdWX‡ $ 9kWjhe W‹ei c|i jWhZ[1 [d eY# jkXh[ Z[ (&&-" bei kd_\ehcWZei _dYWkjWhed * jed[bWZWi Z[b [ijk# f[\WY_[dj[ [d [b W[hefk[hje Z[ JWY^_dW Fhel_dY_W Z[ ;ic[hWb# ZWi $ BW W[hedWl[ gk[ jhWdifeh# jÂŒ [b WbYWbe_Z[ \k[ _dj[hY[fjWZW [d Cƒn_Ye o ik f_beje Z[j[d_Ze$ ;d (&'&" [d bW fbWjW\ehcW Z[ bW 8Wi[ 7ƒh[W Z[ Gk_je jWcX_ƒd WfWh[Y_ÂŒ kdW W[hedWl[ c[n_YWdW Yed WbYWbe_Z[" h[i[‹Œ [b [nf[hje [d I[]kh_ZWZ" CWh_e FWpc_‹e$ ;b ‘bj_ce YWie i[ h[]_ijhÂŒ [b fWiWZe ') Z[ cWoe Z[ (&'(" YkWdZe kdW Wl_ed[jW Y[iidW" fhef_[ZWZ Z[b c[n_YWde CWhj‡d CWhj‡d[p FWbecWh[i" Z[ dWY_e# .-31.+ĹŠ8ĹŠ1 " 1#2 dWb_ZWZ c[n_YWdW" i[ [ijh[bbÂŒ [d :khWdj[ [b ;dbWY[ 9_kZWZWde
BWi YWdY_bb[h‡Wi o bWi <<$77$ Z[ ;YkWZeh o F[h‘ fh[lƒd YedYbk_h ^WijW `kb_e" [b cWdj[d_c_[dje Z[ (&, ^_jei [d bW \hedj[hW Yec‘d$ BW b‡d[W b_c‡jhe\[ Z[ '$+&& a_bÂŒc[jhei i[ YedYh[jÂŒ Z[Ă’ d_j_# lWc[dj[ jhWi [b 7Yk[hZe Z[ FWp Z[ ?jWcWhWjo 8hWi_b_W Z[ eYjk# Xh[ Z[ '//." o ^WY[ YkWjhe W‹ei bW 9ec_i_ÂŒd C_njW F[hcWd[dj[ Z[ <hedj[hW _d_Y_ÂŒ kd jhWXW`e Z[ l[h_\_YWY_ÂŒd" cWdj[d_c_[dje" h[fWhWY_ÂŒd o h[[cfbWpe Z[ [ijei ^_jei$ Kd ^_je [i kd i_]de l_i_Xb[ ][d[hWbc[dj[ h[fh[i[djWZe feh kd f[gk[‹e cedkc[dje gk[ i[ YebeYW [d kd bk]Wh Z[j[hc_dWZe fWhW ceijhWh [b h[Yehh_Ze Z[b b‡# c_j[ \hedj[h_pe [djh[ Zei fW‡i[i$
1.-.+.%~ ĹŠ
9ed [b j_[cfe" bei ^_jei i[ Z[i]WijWd e Z[ijhko[d" feh be gk[ [i d[Y[iWh_e h[Wb_pWh ik h[# fWhWY_ÂŒd e h[[cfbWpe$ #3 ++#2
;b [cXW`WZeh 7b[`WdZhe Ik|h[p" h[ifediWXb[ Z[ b‡c_j[i o j[cWi cWh‡j_cei Z[ bW 9WdY_bb[h‡W" [n# fb_YW gk[ ZkhWdj[ [ijWi jWh[Wi [i d[Y[iWh_e l[h_Ă’ YWh ik Yehh[YjW fei_Y_ÂŒd" Z[ WYk[hZe Yed Yeeh# Z[dWZWi ][eZƒi_YWi$ ;ije f[hc_j[ j[d[h kdW YbWhW Z[Ă’ d_Y_ÂŒd Z[ bW b‡d[W o YedjWh Yed [b[c[djei gk[ f[hc_jWd [`[# YkjWh fbWd[i Z[ Z[iWhhebbe1 h[Wb_# pWh Z[ eXhWi Z[ _d\hW[ijhkYjkhW" YWhh[j[hWi" [nfbejWY_ÂŒd Z[ h[Ykh# iei" [jY$
Ŋĸ)4+(.ĹŠÄ‰Ä‡ÄˆÄˆĹŠ#-ĹŠ /.ĚŊ 1 2+ ".ĹŠ"#ĹŠ'(3.ĹŠ +ĹŠ2(3(.Ä“ĹŠ #2 -ĹŠÄˆÄŽĹŠ*(+.2Ä“ĹŠ
Ä?ĹŠ"#ĹŠ-.5(#, 1#ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‡
ĹŠ ĹŠ .+(!~ ĹŠ"#!.,(2 ŊĉĔĎŊ3.-#+ " 2ĹŠ#-ĹŠ+ ĹŠ Ĺ—5~ ĹŠ ĹŠ+ ĹŠ .23 ĔŊ#-ĹŠ#+ĹŠ2#!3.1ĹŠ"#ĹŠ .+(,#2Ä“ Ä‰ÄŒĹŠ"#ĹŠ-.5(#, 1#ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‡
Ĺ—+ ĹŠ -ĹŠ .13.5(#).ĹŠ+ ĹŠ .+(!~ ĹŠ"#2, -3#+ ĹŠ4-ĹŠ .1 3.1(.ĹŠ".-"#ĹŠ2#ĹŠ/1.!#2 ĹŠ' 23 ŊĉŊ 3.-#+ " 2ĹŠ"#ĹŠ!.! ĹŠ +ĹŠ,#2Ä“ ĈÄ?ĹŠ"#ĹŠ"(!(#, 1#ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‡
ĹŠ #ĹŠ"#23148#ĹŠ4-ĹŠ,(-(+ .1 3.1(.ĹŠ"#ĹŠ/1.Äą Ĺ—!#2 ,(#-3.ĹŠ"#ĹŠ, 1('4 - ĹŠ#-ĹŠ -3 Ä“ ÄŽĹŠ"#ĹŠ#-#1.ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄˆ
ĹŠ #ĹŠ! /341 ĹŠÄˆÄ”ÄŒĹŠ3.-#+ " 2ĹŠ"#ĹŠ!.! ~- ĹŠ#-ĹŠ Ĺ— 2,#1 +" 2Ŋĸ 11.04( ĹŠ .1 ¢-Ěē Ä‰ÄˆĹŠ"#ĹŠ#-#1.ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄˆ
ĹŠ $#!3(5.2ĹŠ,(+(3 1#2ĹŠ(-! 43 -ŊĉēćććŊ/+ -Äą Ĺ—3 2ĹŠ"#ĹŠ!.! ĹŠ#-ĹŠ -ĹŠ .1#-9.Ŋĸ 2,#1 +" 2Äš ĉĉŊ"#ĹŠ, 19.ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄˆĹŠ
Ŋ -Ŋ 434%+ %4 Ŋĸ+~,(3#Ŋ241Ŋ#-31#Ŋ+.2Ŋ ŗ! -3.-#2Ŋ"#Ŋ 4(3.Ŋ8ŊŊ #)~ ĚŊŊ+ ŊŊ .+(!~ Ŋ "#!.,(2 ŊŊĉĎćŊ*(+.2Ŋ"#Ŋ!.! ~- ē
ŊŊ Ŋ .+(!~ Ŋ -3(- 1!¢3(!.2Ŋ!423."( Ŋ 2#Ŋ"#Ŋ!.! ~- Ŋ(-! 43 " 2Ŋ#-Ŋ "(5#12.2Ŋ./#1 3(5.2
(-(" [b Fh[i_Z[dj[" HW\W[b 9ehh[W" [nfkie gk[ [b dWhYejh|Ă’ Ye i[ h[# ]_ijhW [d [b fW‡i Z[iZ[ ^WY[ c|i Z[ (& W‹ei [d [b fW‡i o Yec[djÂŒ gk[ Z[iZ[ '//' ^WijW bW \[Y^W i[ ^Wd _dYWkjWZe c|i Z[ *&( c_b a_bei Z[ [ijkf[\WY_[dj[i$ 7b h[\[h_hi[ W bW Wl_ed[jW gk[ i[ [ijh[bbÂŒ [d bW pedW Z[ F[Z[hdWb[i"
.23.2ĹŠ
<jd\iXc[Xj
ĹŠ +ĹŠ ĂŒ/#1ĹŠ 4, ĹŠ3(#-#ĹŠ! / !(" "ĹŠ/ 1 ĹŠÄˆÄ’ĹŠ Ĺ—/#12.- 2ĹŠ8ĹŠ+ ĹŠ'.1 ĹŠ"#ĹŠ54#+.ĹŠ!4#23 ĹŠĹŒĹŠÄŠÄ“Ä‘Ä‰Ä‡ĹŠ
DXeXYˆ
JXekf ;fd`e^f
ÂŤSFB EF 5SBCBKPT "Ă—P
:XiZ_` @dYXYliX JlZldYˆfj
G`Z_`eZ_X EXgf
Fi\ccXeX
:fkfgXo`
ĹŠ ĹŠ./#1 !(¢-ĹŠ"#+ĹŠ Äą ĹŠ!4#23 ĹŠĹŒÄ‰Ä“ÄŽÄ‰Ä‡ĹŠ/.1ĹŠ Ĺ—'.1 Ä“
;d eYWi_ed[i" [b jhWXW`e i[ Z_# Ă’ YkbjW fehgk[ bWi YedZ_Y_ed[i Yb_c|j_YWi [d bW \hedj[hW _cf_# Z[d gk[ bei jh_fkbWdj[i Z[ bei ^[b_YÂŒfj[hei fk[ZWd iWb_h Z[ bWi pedWi ZedZ[ i[ YebeYWd bei ^_jei$ ;ije eYkhh[ fh_dY_fWbc[dj[ [d bW 9ehZ_bb[hW Z[ ;b 9ÂŒdZeh" Z[X_Ze W bW d[Xb_dW$ Bei jƒYd_Yei gk[ YebeYWd bei ^_jei [d bW \hedj[hW ikh jWcX_ƒd [nfed[d ik l_ZW Z[X_Ze W gk[ Z[X[d jhWXW`Wh [d bW pedW ZedZ[ i[ YebeYWhed c_dWi Wdj_f[hie# dWb[i ZkhWdj[ bW ]k[hhW Z[ '//+" [djh[ ;YkWZeh o F[h‘$ CkY^ei Z[ [ijei Whj[\WYjei [nfbei_lei oW ^Wd i_Ze h[j_hWZei" fh_dY_# fWbc[dj[ [d ;b Ehe o Be`W" f[he jeZWl‡W ^Wo ejhei [d pedWi Z[ bW 7cWped‡W Yece bW 9ehZ_bb[hW Z[ ;b 9ÂŒdZeh$ Bei jƒYd_Yei jWcX_ƒd i[ [n# fed[d W [d\[hc[ZWZ[i Yece [b Z[d]k[ o h_[i]ei Z[ f_YWZkhW Z[ _di[Yjei o cehZ[ZkhWi Z[ i[h# f_[dj[i l[d[deiWi$
de i[ Z[j[YjWXW fehgk[ de ^WX‡W hWZWh[i o i_ i[ bW Z[j[YjWXW ^WX‡W gk[ _h Yed h[iehj[hW fehgk[ de j[d‡Wcei Wl_WY_ÂŒd" W^ehW j[d[# cei Wl_ed[i" hWZWh[i$$$Ç$
&DVBEPS VCJDBDJĂ˜O EF IJUPT FO GSPOUFSB DPO 1FSĂž
#+(!¢/3#1.2Ä–ĹŠ ĹŠ +ĹŠ , ĹŠ3(#-#ĹŠ! / !(" "ĹŠ/ 1 ĹŠÄŽĹŠ/#12.- 2ĹŠ Ĺ—8ĹŠ+ ĹŠ'.1 ĹŠ"#ĹŠ54#+.ĹŠ!4#23 ĹŠĹŒÄˆÄ“ÄŽÄ‘Ä‘
!3.1#2ĹŠ"#ĹŠ1(#2%.
ÄĽ !~ÄƒĹŠ!.ÄŚĹŠ1#+ !(.- " ĹŠ!.-ĹŠ#+ĹŠ! 13#+ĹŠ"#ĹŠ (- +. ĹŠ".-"#ĹŠ2#ĹŠ(-! 43Â˘ĹŠÄŒÄ”ÄˆĹŠ3.-#+ " 2ĹŠ"#ĹŠ !.! ~- ĹŠ#-ĹŠ 4 8 04(+ĹŠ8ĹŠ 41;-Ä“
Z_`e gk[ i[ WYY_Z[djÂŒ fehgk[ fh[# j[dZ_ÂŒ [lWZ_h bei hWZWh[i gk[ Yki# jeZ_Wd [b [ifWY_e Wƒh[e gk[ Wdj[i Z[ [ij[ =eX_[hde de [n_ij‡Wd$ ÆI[ [ijh[bbW bW Wl_ed[jW feh _h W ,& c[jhei fWhW [bkZ_h bei hW# ZWh[i$ Fehgk[ W^ehW i‡ j[d[cei hWZWh[i$ 7dj[i Wi‡ lWoW kdW Wl_e# d[jW W )&& c_b c[jhei Z[ WbjkhW"
.1 ĹŠ"#ĹŠ54#+.ĹŠ
FWhW [ijei jhWXW`ei" [b =eX_[h# de Z[ij_dŒ Z[ ' c_bbŒd +&& c_b Yece fWhj[ Z[ iki fheo[Yjei Z[ _dl[hi_Œd$
ĈÄ?ĹŠ"#ĹŠ, 19.ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄˆ
ĹŠĹŠ +ĹŠ"(1#!3.1ĹŠ"#ĹŠ /#1 !(.-#2ĹŠ"#ĹŠ+ ĹŠ .+(!~ ĔŊ Ĺ— ."1(%.ĹŠ 4;1#9ĔŊ' !#ĹŠ/ĂŒ +(! ĹŠ+ ĹŠ /#1 !(¢-ĹŠ
Kle^liX_lX Cfj Iˆfj 9fcˆmXi JXekX <c\eX
:_`dYfiXqf
>lXpXj
:XÂŒXi
ÂŤSFB EF 5SBCBKPT "Ă—P
GXjkXqX
DfifeX JXek`X^f
8qlXp
ÂŤSFB EF 5SBCBKPT "Ă—P
<c Fif CfaX QXdfiX :_`eZ_`g\ ÂŤSFB EF 5SBCBKPT "Ă—P
ÂŤSFB EF 5SBCBKPT "Ă—P
ÂŤSFB EF 5SBCBKPT "Ă—P ÂŤSFB EF 5SBCBKPT "Ă—P
ÂŤSFB EF 5SBCBKPT "Ă—P
¥ Ŋĸ'(3.Ŋ!.-Ŋ ĚŊ #!'.Ŋ !.-Ŋ, 3#1( +Ŋ"#Ŋ/+;23(!.Ŋ1#$.19 ".Ŋ04#Ŋ "41 1;Ŋ,;2Ŋ"#ŊĊććŊ  .2ēŊ
&MBCPSBDJĂ˜O -" )03"
ÂĄ Ä“ĹŠ 4ĹŠ!.+.1ĹŠ- 1 -) ĹŠ /#1,(3#ĹŠ24ĹŠ 5(23 ,(#-3.ĹŠ ĹŠ+ 1% 2ĹŠ "(23 -!( 2Ä“ĹŠĹŠĹŠĹŠĹŠĹŠĹŠ
#-  #š(Ĺ‹ Ĺ‹ )( )-Ĺ‹ Ĺ‹ (# Ĺ‹ Ĺ‹ !/,# Ĺ‹Ĺ‹ #ĹŠ(-5#23(% ĹŠ#+ĹŠ #"(".ĹŠ +ĹŠ /1#24-3.ĹŠ"#25~.ĹŠ"#ĹŠ ĹŠ +ĹŠ 2 , +#~23 ĹŠ +.ĹŠ 1 ĹŠ3 ,Äą $.-".2ĹŠ"#ĹŠ+ ĹŠ #!1#Äą Ĺ—(_-ĹŠ/1#2#-3¢Ŋ4-ĹŠ.ă ĹŠ!(.ĹŠ +ĹŠ #15(Äą !(.ĹŠ"#ĹŠ #-3 2ĹŠ -3#1- 2Ŋĸ ĚĔŊ2.Äą 3 1( ĹŠ !(.- +ĹŠ"#ĹŠ +(!(3 -".ĹŠĹŠ(-$.1, !(¢-ĹŠ"#ĹŠ 1+.2ĹŠ +5 1 ".ĔŊ'#1, -.ĹŠ"#ĹŠ (-(!(.ĹŠ8ĹŠ -3#+(%#-!( Ä“ #1- -".ĹŠ +5 1 ".ĔŊ 2#!1#3 1(.2ĹŠ ěŊ BW 7iWcXb[W DWY_e#
dWb _d_Y_ÂŒ kd fheY[ie Z[ Ă’ iYWb_# pWY_ÂŒd W bei \edZei gk[ Ă’ dWdY_Wd [b \kdY_edWc_[dje Z[ bW Kd_ZWZ Z[ =[ij_ÂŒd Z[ I[]kh_ZWZ ?dj[hdW Z[b =eX_[hde Z[ HW\W[b 9ehh[W$ ;b fheY[ie i[ h[Wb_pW feh f[# Z_Ze Z[b WiWcXb[‡ijW Z[ IeY_[# ZWZ FWjh_ÂŒj_YW IF " =Wbe BWhW" gk_[d Z[dkdY_ÂŒ gk[ [ijW [dj_# ZWZ h[Y_X[ Z_d[hei h[i[hlWZei o gk[ YWdj_ZWZ[i _cfehjWdj[i i[ Z[fei_jWd [d Yk[djWi f[h# iedWb[i Z[ iki c_[cXhei [d [b 8WdYe Z[b FWY‡Ò Ye$ BW fh[i_Z[djW Z[ bW Yec_i_ÂŒd Z[ <_iYWb_pWY_ÂŒd" I_bl_W IWb]WZe 7F " h[Y_X_ÂŒ bW f[j_Y_ÂŒd Z[ BWhW fWhW YedleYWh Wb c_d_ijhe Z[ I[# ]kh_ZWZ ?dj[hdW" >ec[he 7h[# bbWde1 W bei c_[cXhei Z[ bW Kd_# ZWZ Z[ =[ij_ÂŒd Z[ bW Fh[i_Z[dY_W Z[ bW H[f‘Xb_YW" IWdj_W]e C[dW LWbb[`e o CWh‡W ;b_pWX[j^ JWf_W1 W bW i[Yh[jWh_W Z[ bW Fh[i_Z[dY_W" CWh‡W Bk_iW :edeie" o W bW Yeeh# Z_dWZehW Z[ ]Wijei Z[ bW kd_ZWZ" @Wd[j^ =WcXeW$ ;ijei \kdY_edWh_ei" i[]‘d BWhW" Z[X[d h[ifedZ[h feh kd ikfk[ije Z[il‡e Z[ \edZei Z[ bW I[Yh[jWh_W DWY_edWb Z[ ?dj[b_# ][dY_W ID? $ 4#23(.- 1(.
Bei Y_dYe \kdY_edWh_e gk[ i[h|d bbWcWZei W bW 9ec_i_ÂŒd Z[ <_i# YWb_pWY_ÂŒd Z[X[d h[ifedZ[h (& fh[]kdjWi h[bWY_edWZWi Yed [b eh_][d" eX`[j_lei" Ă’ dWdY_Wc_[d# je" iWbWh_ei Z[ iki c_[cXhei o
"#ĹŠ + ĹŠ ",(-(231 !(¢-ĹŠ ĂŒ +(! ĹŠ 8ĹŠ "#ĹŠ .,4-(! !(¢-ĔŊ 1#2/#!3(5 Äą ,#-3#ĔŊ 04(#-ĹŠ ' 1~ ĹŠ "04(1(".ĹŠ 4- ĹŠ ! 2 ĹŠ 5 +.1 " ĹŠ #-ĹŠ ĎććŊ ,(+ĹŠ "¢+ 1#2ĔŊ#-ĹŠ+ ĹŠ41 -(9 !(¢-ĹŠ 4#1Äą 3.ĹŠ 94+ĹŠ"#ĹŠ 4 8 04(+Ä“ĹŠ , (_-ĹŠ/("(¢Ŋ04#ĹŠ2#ĹŠ+#ĹŠ/1./.1Äą !(.-#ĹŠ+.2ĹŠ + -!#2ĹŠ8ĹŠ -#7.2ĹŠ"#ĹŠ % 23.2ĹŠ/#12.- +#2ĹŠ"#ĹŠ+.2ĹŠ$4-!(.Äą - 1(.2Ä–ĹŠ (-(!(.ĹŠ +5 1 ".ĔŊ #1- -Äą ".ĹŠ +5 1 ".ĔŊ .1%#ĹŠ + 22ĔŊ (#+Äą 2#-ĹŠ 1( 2ĔŊ .2_ĹŠ #11 -.ĔŊ (+2.-ĹŠ 23.1ĔŊ +.ĹŠ '(1( .% ĔŊ -1(04#ĹŠ 1.2#,#- ĔŊ 1!.ĹŠ +5./( ĔŊ #"1.ĹŠ #+% ".ĹŠ8ĹŠ ,(+.ĹŠ ,;-Ä“
Z[ij_de Z[b fh[ikfk[ije Z[ bW Kd_ZWZ Z[ I[]kh_ZWZ$ BWhW [nfb_YW gk[ [ijW _d# \ehcWY_ÂŒd f[hc_j_h| WYbWhWh bW fei_Xb[ [n_ij[dY_W Z[ kd Z[b_je Z[ f[YkbWZe" feh [b fh[ikdje kie _dZ[X_Ze Z[b Z_d[he Z[ bW Yk[djW Z[ ]Wijei h[i[hlWZei Z[ bW Fh[i_Z[d# Y_W Z[ bW H[f‘Xb_YW$ Æ>[cei [l_Z[dY_WZe Wdj[ [b fW‡i" gk[ kj_b_pWd bei [gk_fei Z[ i[# ]kh_ZWZ _dj[hdW fWhW ejhWi c_i_ed[i gk[ de ied bWi [ij_# fkbWZWi [d ik eh]Wd_pWY_ÂŒd o \kdY_ed[iÇ$ ;b b[]_ibWZeh Yk[ij_edÂŒ bW Z[dkdY_W [d bW gk[ i[ b[ _d# j[djÂŒ _dlebkYhWh YkWdZe i[ h[]_ijhÂŒ [b heXe Z[ kd Y^[# gk[$ ÆBW fh[]kdjW [i YÂŒce W bW Kd_ZWZ Z[ =[ij_ÂŒd Z[ I[]kh_ZWZ ?dj[hdW Z[ bW Fh[i_Z[dY_W Z[ bW H[f‘Xb_YW i[ b[i [njhWl_ÂŒ kd Y^[gk[Ç" Yk[ij_edÂŒ$
#-~-ĹŠ .1#-.ĹŠ/1#2#-3 1;ĹŠ/+ -ĹŠ"#ĹŠ1#3.1-.ĹŠ / 1 ĹŠ/#12.- 2ĹŠ!.-ĹŠ"(2! / !(" "ĹŠ#-ĹŠ 2/ Â ĹŠ
4#%.ĹŠ"#ĹŠ!4,/+(1ĹŠ!.-ĹŠ+ ĹŠ/1#2#-3 !(¢-ĹŠ"#ĹŠ+.2ĹŠ 5 -!#2ĹŠ#-ĹŠ3#, 2ĹŠ "#ĹŠ #1#!'.2ĹŠ 4, -.2ĹŠ#-ĹŠ#+ĹŠ !4 ".1ĹŠ#-ĹŠ#+ĹŠ #%4-".ĹŠ 7 ,#-ĹŠ #1(¢"(!.ĹŠ -(5#12 +Ŋĸ ĚĔŊ#+ĹŠ5(!#/1#2("#-3#ĹŠ"#ĹŠ+ ĹŠ #/ĂŒ +(! ĔŊ
#-~-ĹŠ .1#-.ĔŊ5( ) 1;ĹŠ#+ĹŠ,(_1!.+#2ĹŠ ĹŠ 2/  Ŋ/ 1 ĹŠ/1.,.!(.- 1ĹŠ #+ĹŠ + -ĹŠ #3.1-.ĹŠ ĹŠ 2 ĹŠ -4#+ ĹŠ 2/#).Ä“ĹŠ 1 ĹŠ#23#ĹŠ/1.8#!3.ĹŠ 2#ĹŠ+#5 -3 1;-ĹŠÄƒĹŠ!' 2ĹŠ3_!-(! 2ĹŠ"#ĹŠ/#12.- 2ĹŠ!.-ĹŠ"(2! / !(" "ĔŊ 04(#-#2ĹŠ"# #1;-ĹŠ#7/1#2 1ĹŠ24ĹŠ(-3#-!(¢-ĹŠ.ĹŠ-.ĹŠ"#ĹŠ1#3.1- 1ĹŠ +ĹŠ !4 ".1Ä“ĹŠ +ĹŠ. )#3(5.ĹŠ#2ĹŠ/1./.-#1ĹŠ8ĹŠ/1#/ 1 1ĹŠ/+ -#2ĹŠ"#ĹŠ1#3.1-.ĹŠ / 1 ĹŠ04(#-#2ĹŠ#23_-ĹŠ/#-2 -".ĹŠ#-ĹŠ1#%1#2 1ĹŠ +ĹŠ/ ~2ĹŠ8ĹŠ/4#" -ĹŠ #-#ÄƒĹŠ!( 12#ĹŠ"#ĹŠ+ 2ĹŠ/1#23 !(.-#2ĹŠ8ĹŠ/1.%1 , 2ĹŠ04#ĹŠ.$1#!#ĹŠ+ ĹŠ (!#/1#2("#-!( Ä“ĹŠ #ĹŠ !4#1".ĹŠ ĹŠ4-ĹŠ!#-2.ĹŠ1# +(9 ".ĹŠ#-ĹŠ 2/  Ŋ #7(23(1~ -ĹŠ +ĹŠ,#-.2ĹŠÄˆÄ?ĹŠ! 2.2ĹŠ"#ĹŠ/#12.- 2ĹŠ!.-ĹŠ"(2! / !(" "ĹŠ04#ĹŠ "#2# -ĹŠ !.%#12#ĹŠ +ĹŠ/+ -Ä“ĹŠ
ƒ
Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. ÄŒĹ?
ēŊ +Ŋ! 2.Ŋ2#Ŋ/1#2#-3¢Ŋ -3#Ŋ+ Ŋ .,(2(¢-Ŋ"#Ŋ (2! +(9 !(¢-Ŋ"#Ŋ+ Ŋ 2 , +# ē
ă
Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. ÄŒĹ?
." 5~ ĹŠ$ +3 ĹŠ (-$1 #2314!341 ĹŠ #2/#!( +ĹŠ8ĹŠ! / Äą !(3 !(¢-ĹŠ/ 1 ĹŠ#+ĹŠ !4#1/.ĹŠ".!#-3#Ä“ 7kdgk[ [d [b fheY[ie Z[ _diYh_f# Y_ed[i fWhW fh_c[he o eYjWle W‹e Z[ ;ZkYWY_ÂŒd =[d[hWb 8|# i_YW ;=8 i[ ZW fh_eh_ZWZ W bWi f[hiedWi gk[ j_[d[d Wb]‘d j_fe Z[ Z_iYWfWY_ZWZ" bei Yeb[]_ei o `WhZ_d[i jeZWl‡W de Yk[djWd Yed bW _d\hW[ijhkYjkhW WZ[YkWZW fWhW h[Y_X_hbei$ ;d [b /+ Z[ bei fbWdj[b[i de [n_ij[d hWcfWi" bei XW‹ei ied _]kWb[i fWhW jeZei o jWcfeYe ^Wo i_j_ei [if[Y‡Ò Yei fWhW gk[ bei Y^_Yei gk[ kiWd i_bbW Z[ hk[# ZWi fk[ZWd Y_hYkbWh$ Æ;d [b j[cW Z[ _d\hW[ijhkY# jkhW de i[ fk[Z[ ^WXbWh Z[ kdW [ZkYWY_ÂŒd _dYbki_lW YkWdZe de [n_ij[d bWi YedZ_Y_ed[i d[Y[iW# h_Wi fWhW gk[ bei d_‹ei o `ÂŒl[d[i fk[ZWd jhWdi_jWh b_Xh[c[dj[ Yed
ik i_bbW Z[ hk[ZWi" feh [`[cfbeÇ" Yec[djW bW cW[ijhW >[_Z_ <hWdYe$ BW [ZkYWZehW _dZ_YÂŒ gk[ [b fheXb[cW lW c|i Wbb| fk[i de je# Zei bei cW[ijhei ^Wd i_Ze YWfWY_# jWZei fWhW jhWXW`Wh Yed [ij[ ]hkfe feXbWY_edWb [d [b j[cW Z[ _dj[]hW# Y_ÂŒd ]hkfWb e Wkje[ij_cW$ Æ?]kWb" de jeZei bei Y^_Yei i[ fh[eYkfWd feh WokZWh W kd YecfW‹[he gk[ be l[d Z_\[h[d# j[" W l[Y[i bei [nYbko[d fehgk[ de fk[Z[d fWhj_Y_fWh [d bWi WY# j_l_ZWZ[i gk[ [bbei h[Wb_pWdÇ" W]h[]W <hWdYe" gk_[d WYbWhW gk[ jWcX_ƒd ^Wo gk[ jhWXW`Wh [d [ij[ Wif[Yje$ -$1 #2314!341
BW fh[i_Z[djW Z[ bW Kd_ÂŒd DW# Y_edWb Z[ ;ZkYWZeh[i KD; " CWh_WdW FWbbWiYe" YehheXehW gk[ [d bWi _dij_jkY_ed[i [ZkYW# j_lWi de [n_ij[d bWi YedZ_Y_ed[i d[Y[iWh_Wi fWhW gk[ bWi f[hie# dWi gk[ ik\h[d Wb]kdW Z_iYWfW# Y_ZWZ fk[ZWd cel_b_pWhi[$ÆDe ^Wo bWi Z[X_ZWi fh[l_i_ed[i
Ä“ĹŠ -ĹŠ+.2ĹŠ!#-31.2ĹŠ#"4! 3(5.2ĹŠ-.ĹŠ#7(23#-ĹŠ1 ,/ 2ĹŠ-(ĹŠ#2/ !(.2ĹŠ/ 1 ĹŠ+ 2ĹŠ/#12.- 2ĹŠ04#ĹŠ42 -ĹŠ2(++ ĹŠ"#ĹŠ14#" 2Ä“ĹŠ
feh fWhj[ Z[b C_d_ij[h_e Z[ ;Zk# YWY_ÂŒd jeZe i[ ^W gk[ZWZe [d fbW# d_Ă’ YWY_ÂŒdÇ$ 7]h[]W gk[ W [ij[ fheXb[cW i[ ikcW [b ^[Y^e Z[ gk[ Æ[b -+ Z[ bW _d\hW[ijhkYjkhW [iYebWh [ij| [d cWb [ijWZeÇ o gk[ Wi‡ jWcfeYe i[
fk[Z[ Ykcfb_h Yed bei h[# i[YkdZWh_e Z[ '- W‹ei" jkle kd gk[h_c_[djei Z[ bWi f[hiedWi YecfW‹[he Yed Z_iYWfWY_ZWZ Yed Z_iYWfWY_ZWZ$ \‡i_YW gk[ i[ h[j_hÂŒ Z[b Yeb[]_e$ ;b Z_h[Yjeh Z[ 9edjhWje Ie# ÆB[ WcfkjWhed bW f_[hdW Z[# Y_Wb feh bW ;ZkYWY_ÂŒd" h[Y^W jhWi kd WYY_Z[dj[ C_bjed BkdW" YedĂ’ hcW ĹŠ Z[ jh|di_je" f[he [d [b gk[ [b /+ Z[ fbWdj[b[i Yeb[]_e de j[d‡W bWi \WY_# YWh[Y[ Z[ _d\hW[ijhkY# b_ZWZ[i d[Y[iWh_Wi fWhW jkhW fWhW Wj[dZ[h W bWi 2ĹŠ(-2!1(/!(.Äą jhWibWZWhi[ Z[ kd bk]Wh -#2ĹŠ$(- +(9 -ĹŠ#+ĹŠ f[hiedWi Yed Z_iYWfW# ÄˆÄŽĹŠ"#ĹŠ)4-(.Ä“ĹŠ W ejhe$ >Wo ckY^Wi ]hW# Y_ZWZ$ ÆGk_p| [d bei ZWi o de ^Wo hWcfWi feh [ijWXb[Y_c_[djei fWhj_# ZedZ[ fk[ZW XW`Wh i_d YkbWh[i i[ feZh‡W l_i_X_b_pWh ^WY[h jWdje [i\k[hpeÇ$ Wb]kdei YWcX_ei" f[he be _Z[Wb =WhpÂŒd h[Yk[hZW gk[ ik i[h‡W gk[ [b =eX_[hde Wj_[dZW Wc_]e i[ i[dj‡W cWb W f[iWh bWi d[Y[i_ZWZ[i Z[ [ijWi f[h# gk[ iki YecfW‹[hei jhWjWXWd iedWiÇ$ Z[ _dYbk_hb[ [d iki WYj_l_ZWZ[i$ ÆI[ i[dj‡W W_ibWZe fehgk[ YkWd# Ze `k]|XWcei \‘jXeb b[ jeYWXW -!+42(¢HeX[hje =WhpÂŒd" [ijkZ_Wdj[ gk[ZWhi[ i[djWZeÇ$
Cierre: Jueves 7 de Junio de 2012
Circula gratis con La Hora a nivel Nacional
Ä…
ÄƒĂżÄżĹ‹ Ĺ‹*& (. & -Ĺ‹()Ĺ‹ (Ĺ‹ #&# -Ĺ‹ Ĺ‹ #- * #. )-
ƒ
-. )Ĺ‹* ,.# #* ,6Ĺ‹ Ĺ‹ #(!, -)-Ĺ‹ Ĺ‹& -Ĺ‹(). ,v .2ĹŠ-.3 1(.2ĹŠ +#% -ĹŠ+ ĹŠ(-!.-23(34!(.- Äą +(" "ĹŠ"#ĹŠ+ ĹŠ1#2.+4!(¢-ĹŠ"#+ĹŠ ĹŠ8ĹŠ/("#-ĹŠ 2#1ĹŠ#2!4!' ".2Ä“ BW <[Z[hWY_ÂŒd ;YkWjeh_WdW Z[ DejWh_ei <;D f_Z_ÂŒ i[h h[# Y_X_ZW [d Yec_i_ÂŒd ][d[hWb [d [b 9edi[`e Z[ bW @kZ_YWjkhW Z[ JhWdi_Y_ÂŒd 9@J " fWhW [nfed[h ik l_i_ÂŒd ieXh[ bWi jWiWi dejW# h_Wb[i o bW fWhj_Y_fWY_ÂŒd Z[b ;i# jWZe [d [ij[ d[]eY_e fh_lWZe gk[ fh[ijW kd i[hl_Y_e f‘Xb_Ye$ Bei dejWh_ei f_Z[d gk[ i[ ikif[dZW bW Wfb_YWY_ÂŒd Z[ [iWi h[iebkY_ed[i ^WijW gk[ i[ Z[Ă’ dW [b dk[le hƒ]_c[d Z[b i[hl_Y_e" Yece be cWdZW bW 9edij_jkY_ÂŒd o [b 9ÂŒZ_]e Eh]|d_Ye Z[ bW <kd# Y_ÂŒd @kZ_Y_Wb 9E<@ $ BW <;D ieij_[d[ gk[ bW Ă’ `W#
Y_Œd Z[ bei lWbeh[i gk[ feh Yed# Y[fje Z[ jWiWi dejWh_Wb[i" gk[ i[ [dYk[djhW h[]kbWZe [d bW h[ie# bkY_Œd &)(" o [b c[YWd_ice Z[ fWhj_Y_fWY_Œd Z[b ;ijWZe [d [ijei lWbeh[i h[YWkZWZei" [ijWXb[Y_Ze [d [b 7hj" )&* Z[b 9E<@ o [d bW h[iebkY_Œd &))" ied _dYedij_jk# Y_edWb[i$ ;b Wh]kc[dje [i gk[ i[ Yed# \kdZ[ [b c[YWd_ice Z[ h[ckd[# hWY_Œd Z[b i[hl_Y_e dejWh_Wb Yed bWi jWiWi feh i[hl_Y_ei dejWh_Wb[i" be YkWb ^WY[ gk[ [ijWi Z_ifei_Y_e# d[i i[Wd _dWfb_YWXb[i$ ;ije" i[]‘d WZl_[hj[ [b ]h[c_e" i[ ^WY[ c|i [l_Z[dj[" fehgk[ [b
13(!(/ !(¢-Ŋ"#+Ŋ 23 ".Ŋ -%1#2.Ŋ 143.Ŋ#-Ŋ+ 2Ŋ-.3 1~ 2
AB/1576
Ĺ—ĹŠ #ŊćŊ ŊĎćććŊ"¢+ 1#2ĹŠ"#ĹŠ(-%1#2.ĔŊ!#1.ĹŠ/ 13(!(/ !(¢ŗŊ #ĹŠÄˆÄ‡Ä“Ä‡Ä‡Ä‡ĹŠ ĹŠÄ‰Ä‡Ä“Ä‡Ä‡Ä‡Ä”ĹŠÄŽĹ˜ĹŠ"#ĹŠ/ 13(!(/ !(¢-ĹŠ/.1ĹŠ+.2ĹŠ/1(,#1.2ĹŠÄˆÄ‡Ä“Ä‡Ä‡Ä‡ĹŠ8ĹŠÄˆÄ‡Ĺ˜ĹŠ/.1ĹŠ#+ĹŠ#7!#"#-3#Ä“ Ĺ—ĹŠ #ŊĉćēććŊ ĹŠÄŠÄ‡Ä“Ä‡Ä‡Ä‡ĹŠÄˆÄ‡Ĺ˜ĹŠ"#ĹŠ/ 13(!(/ !(¢-ĹŠ/.1ĹŠ+.2ĹŠ/1(,#1.2ŊĉćēćććŊ8ĹŠÄ‰Ä‡Ĺ˜ĹŠ/.1ĹŠ#+ĹŠ#7!#"#-3#Ä“ Ĺ—ĹŠ #ŊĊćēćććŊ ĹŠÄŒÄ‡Ä“Ä‡Ä‡Ä‡ĹŠĹŠÄ‰Ä‡Ĺ˜ĹŠĹŠ"#ĹŠ/ 13(!(/ !(¢-ĹŠ/.1ĹŠ+.2ĹŠ/1(,#1.2ŊĊćēćććŊ8ĹŠÄŠÄ‡Ĺ˜ĹŠ/.1ĹŠ#+ĹŠ#7!#"#-3#Ä“ Ĺ—ĹŠ #ĹŠÄŒÄ‡Ä“Ä‡Ä‡Ä‡ĹŠ ĹŠÄŽÄ‡Ä“Ä‡Ä‡Ä‡ĹŠÄŠÄ‡Ĺ˜ĹŠ/.1ĹŠ+.2ĹŠ/1(,#1.2ĹŠÄŒÄ‡Ä“Ä‡Ä‡Ä‡ĹŠ8ĹŠ#+ĹŠÄŒÄ‡Ĺ˜ĹŠ/.1ĹŠ#+ĹŠ#7!#"#-3#Ä“ Ĺ—ĹŠ #ŊĎćēćććŊ ĹŠÄ?Ä‡Ä“Ä‡Ä‡Ä‡ĹŠÄŒÄ‡Ĺ˜ĹŠ/.1ĹŠ+.2ĹŠ/1(,#1.2ŊĎćēćććŊ8ĹŠÄŽÄ‡Ĺ˜ĹŠ2. 1#ĹŠ#+ĹŠ#7!#"#-3#Ä“ Ĺ—ĹŠ ;2ĹŠ"#ĹŠÄ?ćēćććĔŊ#+ĹŠÄŽÄˆĹ˜ĹŠ"#ĹŠ+.2ĹŠ(-%1#2.2ĹŠ 143.2ĹŠ"#ĹŠ+ ĹŠ-.3 1~ Ä“
Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. ÄŒĹ?
Ć
7hj$ '// Z[ bW 9edij_jkY_ÂŒd" Z[ d_d]kdW cWd[hW \WYkbjW Wb 9@J W Ă’ `Wh cedjei e fehY[djW`[i Z[ fWhj_Y_fWY_ÂŒd Z[ WhWdY[b[i e jW# h_\W dejWh_Wb" f[eh W‘d Z[ lWbeh[i h[YWkZWZei Yece jWiWi$ +3#1- 3(5 2
FWhW Ă’ `Wh bW h[ckd[hWY_ÂŒd Z[ bWi dejWh_Wi o dejWh_ei [b 9@J i[ Z[X[h| XkiYWh kdW efY_ÂŒd [d bW gk[ [b ;ijWZe fh[ij[ [b i[hl_# Y_e dejWh_Wb [d \ehcW Z_h[YjW" [i Z[Y_h c[Z_Wdj[ [b decXhWc_[d# je Z[ dejWh_ei" Yed kd hƒ]_c[d h[ckd[hWj_le fh[l_ije [d [b fh[ikfk[ije Z[ bW <kdY_ÂŒd @k# Z_Y_Wb o Ă’ dWdY_WZe W jhWlƒi Z[ bW h[YWkZWY_ÂŒd Z[ bei lWbeh[i gk[ feh YedY[fje Z[ jWiWi Z[X[h|d _d]h[iWh Z_h[YjWc[dj[ [b Fh[ik# fk[ije =[d[hWb Z[b ;ijWZe$ KdW i[]kdZW efY_ÂŒd" i[]‘d bW <;D" Yedi_ij_h‡W [d Ă’ `Wh kd i_ij[cW Z[ h[ckd[hWY_ÂŒd Z[ bei dejWh_ei" W jhWlƒi Z[ kdW jWh_# \W e WhWdY[b$ ;ije" jecWdZe [d Yk[djW gk[ Yed Z_Y^ei lWbeh[i i[ Z[X[h|d YkXh_h bei Yeijei WZ# c_d_ijhWj_lei Z[ iki Z[ifWY^ei dejWh_Wb[i" bei Z[h[Y^ei Z[ iki Z[f[dZ_[dj[i [cfb[WZei o ik fhef_W h[ckd[hWY_ÂŒd$ 4-3.ĹŠ"#ĹŠ5(23
FWhW [b fh[i_Z[dj[ Z[b 9eb[]_e Z[
Ä“ĹŠ -ĹŠ/.1!#-3 )#ĹŠ"#ĹŠ+.2ĹŠ(-%1#2.2ĹŠ04#ĹŠ3#-% -ĹŠ+ 2ĹŠ-.3 1~ 2ĹŠ2#ĹŠ!.,/ 13(1;ĹŠ !.-ĹŠ#+ĹŠ 23 ".Ä“ĹŠĹŠ
7Xe]WZei Z[ Gk_je" @eiƒ 7bec‡W" b_ZWZ bWXehWb" eXb_]WY_ed[i Yed [b be gk[ [ij| fbWdj[WdZe [b 9@J Yed ?dij_jkje ;YkWjeh_Wde Z[ I[]kh_# [ije Z[ bW fWhj_Y_fWY_ÂŒd [d bW h[# ZWZ IeY_Wb ?;II o Yed [b Ă’ iYe" YWkZWY_ÂŒd Z[ bWi dejWh‡Wi" [i kdW be YkWb hecf[ jeZe fh_dY_f_e Z[ [gk_ZWZ [ _]kWbZWZ Wdj[ [if[Y_[ Z[ ieY_[ZWZ [djh[ bW b[o$ [b ;ijWZe o bei dejWh_ei$ 7]h[]W gk[ [ij[ [i ;nfb_YW gk[ [d [ij[ ĹŠ kd [igk[cW gk[ de i[ YWie [b ieY_e ;ijWZe de #7(23#-ĹŠ#-ĹŠ#+ĹŠ _cW]_dÂŒ [b Yedij_jko[d# fed[ WXiebkjWc[dj[ dWZW / ~2Ä“ j[ YkWdZe ^WXbÂŒ Z[ h[# fWhW [ijW ieY_[ZWZ" de Wi‡ ckd[hWY_ed[i fWhW bei bei dejWh_ei gk[ Z[X[h|d Yehh[h Yed jeZei bei ]Wijei" Z[i# dejWh_ei" fehgk[ [bbe _cfb_YWXW Z[ bW _d\hW[ijhkYjkhW" ceX_b_Wh_e" fWhW [b ;ijWZe bW h[ifediWX_b_# YecfkjWZehWi" WhY^_lei" ^WijW [b ZWZ bWXehWb \h[dj[ W bei dejWh_ei fW]e Z[ f[hiedWb" bW h[ifediWX_# o Z[f[dZ_[dj[i$
Ďćć
ć
Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. ÄŒĹ?
#ĹŠ(-!+4(1;-ĹŠ #7.-#1 !(.-#2ĹŠ / 1 ĹŠ/1.,.5#1ĹŠ+ 2ĹŠ (-5#12(.-#2ĹŠ#-ĹŠ#+ĹŠ ,#1! ".ĹŠ 412;3(+Ä“
3Ĺ‹ Ĺ‹' , )Ĺ‹ Ĺ‹0 &), -Ĺ‹ ., ,6Ĺ‹)., Ĺ‹, ),' Ĺ‹.,# /. ,#
[d [b cWhYe Z[ bW Fh_c[hW 9ed# \[h[dY_W H_[i]e FW‡i h[Wb_pWZW [d Gk_je [b fWiWZe `k[l[i" bW [n[dY_ÂŒd c|i _cfehjWdj[ j_[d[ gk[ l[h Yed [b ?I: fehgk[ i[ ^W Yedij_jk_Ze [d kdW YWh]W fWhW bei _dl[hi_ed_ijWi" ieXh[ jeZe fWhW bei [njhWd`[hei$ 7YjkWbc[dj[" [b ;b fheo[Yje Z[ B[o Z[ C[hYW# jh_Xkje [i Z[b + o Wfb_YW W jeZWi Ze Z[ LWbeh[i" gk[ fh[fWhW [b bWi jhWdiWYY_ed[i ced[jWh_Wi =eX_[hde _dYbk_h| _dY[dj_lei gk[ _cfb_gk[d ik iWb_ZW \k[hW jh_XkjWh_ei$ BW [ned[hWY_ÂŒd Z[b Z[b fW‡i$ ;b fbWdj[Wc_[dje Z[b IH? [i ?cfk[ije W bW IWb_ZW Z[ :_l_# iWi ?I: [i kde Z[ [bbei" be gk[ gk[ bW iWb_ZW Z[ Z_d[he gk[ Yedi# WokZWh‡W W bW h[Ykf[hWY_ÂŒd Z[b j_jkoW Z_l_Z[dZei e YWf_jWb Z[ i[Yjeh" gk[ [d [b ‘bj_ce W‹e YWoÂŒ _dl[hi_ed[i d[]eY_WZWi W jhWlƒi [d (,"(& $ ;ije _cfb_YWh| bW Zƒ# Z[ XebiWi de fW]Wh|d [b ?I:$ ;i Z[Y_h" Wi‡ i[Wd jhWd# Y_cW h[\ehcW jh_XkjWh_W iWYY_ed[i h[Wb_pWZWi Z[b WYjkWb =eX_[hde$ feh kd _dl[hi_ed_ijW :[ WYk[hZe W CÂŒ# ĹŠ d_YW L_bbW]ÂŒc[p" fh[# + 2ĹŠ-#%.!( !(.-#2ĹŠ#-ĹŠ YecfhWZeh Z[ lWbeh[i .+2 ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‡ĹŠ +ĹŠÄ‰Ä‡ÄˆÄˆ [d [b c[hYWZe Xkhi|j_b i_Z[djW Z[ bW 8ebiW [YkWjeh_Wde dWY_edWb Z[ LWbeh[i Z[ Gk_je e [njhWd`[he" de j[dZh| 8LG " bWi [n[dY_ed[i jh_XkjWh_Wi dWY_[hed Z[b fhef_e gk[ fW]Wh feh bei h[dZ_c_[djei Z_h[Yjeh Z[b I[hl_Y_e Z[ H[djWi jhWdi\[h_Zei \k[hW Z[b fW‡i$ ?dj[hdWi IH? " 9Whbei 9WhhWiYe$ ;d kdW [djh[l_ijW ejeh]WZW W #-#ÄƒĹŠ!(.2 bW h[l_ijW ;aei ‘bj_cW [Z_Y_ÂŒd " HWc_he 9h[ife" fh[i_Z[dj[ Z[ 9WhhWiYe YedĂ’ hcW gk[ ^WXh|d 7dWb_joYW 9WiW Z[ LWbeh[i" i[‹W# YWcX_ei fWhW _cfkbiWh bW Yec# bÂŒ gk[ [i Æcko Xk[de gk[ bWi _d# fhW o l[djW Z[ lWbeh[i Yece l[hi_ed[i j[d]Wd bW [ned[hWY_ÂŒd WYY_ed[i" j_jkbWh_pWY_ed[i" eXb_# Z[b ?I: fehgk[ [ie lW W ZWh kdW ]WY_ed[i" fWf[b[i Yec[hY_Wb[i" cWoeh fhe\kdZ_ZWZ Wb c[hYWZe" \WYjkhWi" [djh[ ejhei$ i[ feZh| YecfhWh o l[dZ[h Yed I[]‘d [nfb_YÂŒ L_bbW]ÂŒc[p" cWoeh \WY_b_ZWZÇ$
ĉÄ?Ä”Ä‰Ä‡Ĺ˜ĹŠ
7]h[]ÂŒ gk[ bW c[Z_ZW WjhW[h| W bei _dl[hi_ed_ijWi [njhWd`[hei" YkoW fWhj_Y_fWY_ÂŒd [i [i[dY_Wb fWhW [b i[Yjeh$ Fkie Yece [`[c# fbe [b YWie Z[ 8hWi_b" ZedZ[ bei _dl[hi_ed_ijWi [njhWd`[hei Yedi# j_jko[d [b ,& Z[b c[hYWZe Xkhi|j_b$ ;nfb_YÂŒ gk[ [d [b fW‡i ÆbW fWhj_Y_fWY_ÂŒd Z[ YecfhWZeh[i [njhWd`[hei [d [b c[hYWZe Z[ lW# beh[i YWoÂŒ Yed bei YedijWdj[i Wk# c[djei Z[b ?I:Ç$ ;ij[ jh_Xkje [hW Z[ &"+ _d_Y_Wbc[dj[ f[he bk[]e i[ _dYh[c[djÂŒ W ' " fWiÂŒ W ( o [d bW ‘bj_cW h[\ehcW del_[cXh[ Z[ (&'& i[ [ijWXb[Y_ÂŒ [d + $ ;b _dYh[c[dje Z[b ?I:" i[]‘d 9h[ife" de iebe fheleYÂŒ gk[ ^WoW c[dei YecfhWZeh[i _dj[h# dWY_edWb[i" i_de gk[ Æ][d[hÂŒ kdW h[XW`W [d bei fh[Y_ei Z[ bei j‡jk# bei d[]eY_WZei fWhW Yecf[diWh [b fW]e Z[b _cfk[ijeÇ$ BW c[Z_ZW jWcX_ƒd fheleYÂŒ [b Wkc[dje Z[ bei _dj[h[i[i Z[ h[dZ_c_[dje" feh [`[cfbe" Æi_ [b j‡jkbe lWbeh ][d[hW . Z[ _dj[hƒi" f[he [b _dl[hi_ed_ijW j_[d[ gk[ fW]Wh + Z[ _cfk[ije" be gk[ ^WY[ [i f[Z_h ') Z[ _dj[hƒi fWhW ]WdWh [b . h[WbÇ$
Ä“ĹŠ !34 +,#-3#ĔŊ+.2ĹŠ(-5#12(.-(23 2ĹŠ 412;3(+#2ĹŠ/ % -ĹŠÄŽĹ˜ĹŠ/ 1 ĹŠ2 ! 1ĹŠ 242ĹŠ% - -!( 2ĹŠ$4#1 ĹŠ"#+ĹŠ/ ~2Ä“
[c_i_ÂŒd [d XebiW fWhW [b Y|bYkbe Z[b ?cfk[ije W bW H[djW ?H $ I[]‘d bWi fh[l_i_ed[i" jeZe [ije WokZWh| W gk[ [b c[hYWZe Z[ lWbeh[i i[ h[Ykf[h[" [d l_ijW gk[ feh i[]kdZe W‹e Yedi[Yk# j_le YWo[hed bWi d[]eY_WY_ed[i 31.2ĹŠ! , (.2 BW B[o jWcX_ƒd _dYbk_h| bW Z[# h[Wb_pWZWi [d XebiW$ ;d (&'' i[ ZkYY_ÂŒd Z[ bei Yeijei o ]Wijei feh jhWdiWhed Wbh[Z[Zeh Z[ '$)&&
c_bbed[i Z[ ZŒbWh[i gk[ [d (&'&" fk[i [b cedje d[]eY_WZe YWoŒ Z[ +$'&, c_bbed[i Z[ ZŒbWh[i W )$-,. c_bbed[i Z[ ZŒbWh[i" h[if[Yj_lW# c[dj[$ ;ije bk[]e gk[ [d (&&/ i[ bb[]Œ Wb f_Ye c|i Wbje Z[ bW ‘b# j_cW ZƒYWZW ,$*(, c_bbed[i Z[ ZŒbWh[i o i[ fh[ikc‡W kdW j[d# Z[dY_W Wb WbpW$
Ĺ?Ĺ?
Ĉ
BW >ehW" 1 +.ÄŒĹ?Ĺ? Ĺ?Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
%1.(-"4231( ĔŊ !3(5(" "Ŋ (,/.13 -3#Ŋ / 1 Ŋ#+Ŋ/ ~2
#-31.ĹŠ"#ĹŠ#23#ĹŠ2#!3.1ĹŠ' 8ĹŠ/1."4!3.2ĹŠ "#23(- ".2ĹŠ +ĹŠ,#1! ".ĹŠ- !(.- +ĹŠ8ĹŠ.31.2ĹŠ +ĹŠ(-3#1- !(.- +Ä“ ;YkWZeh [i kd fW‡i YkoW [Yede# c‡W i[ [dYk[djhW cko b_]WZW W bW W]h_YkbjkhW$ ;d [b i_]be NN? [ijW WYj_l_ZWZ ^W jecWZe cWoeh \k[hpW ]hWY_Wi W bW W]he_dZkijh_W" gk[ Æc[Z_Wdj[ bW cWdk\WYjkhW Yedi[hlW o jhWdi\ehcW cWj[h_Wi fh_cWi de iebe Z[ bW W]h_YkbjkhW i_de jWcX_ƒd Z[b i[Yjeh f[YkW# h_e" \eh[ijWb o f[igk[heÇ" [nfb_YW @kWd ;ij[XWd CWdj_bbW" _d][d_[he W]he_dZkijh_Wb$ ;ijW [i kdW Wbj[hdWj_lW fhe# ZkYj_lW gk[ Yedjh_Xko[ W c[`ehWh bW Yec[hY_Wb_pWY_ÂŒd" bW YWb_ZWZ o bW i[]kh_ZWZ Z[ bei fheZkYjei h[# bWY_edWZei W bWi _dZkijh_Wi Z[ Wb_# c[djei" X[X_ZWi" jWXWYe" j[nj_b[i"
gk‡c_Yei" Yk[he" YWkY^e" cWZ[hW o fWf[b$ 1."4!3.2Ŋ"#23 ! ".2
Æ7 d_l[b dWY_edWb" bei fheZkYje# h[i gk[ i[ Z[Z_YWd W bei Y|hd_Yei" b|Yj[ei" cW‡p" Whhep o YW‹W Z[ Wp‘YWh fh[i[djWd cWoeh[i ]hW# Zei Z[ eh]Wd_pWY_ÂŒd" c_[djhWi gk[ Wgk[bbei gk[ jhWXW`Wd Yed fWfW" ^Wh_dWi" Wbc_Zed[i" b[]k# c_deiWi o c|i de j_[d[d Xk[dW WieY_WY_ÂŒdÇ" Yk[djW CWdj_bbW$ ;djh[ bei i[Yjeh[i c|i Z[i# jWYWZei fWhW [b fW‡i [ij|d [b XWdWd[he o [b Ă“eh‡YebW" oW gk[ [i Yedi_Z[hWZe [b fh_c[h [nfeh# jWZeh Z[ XWdWde o [b j[hY[he Z[
Ä“ĹŠ 7(23#-ĹŠ +(,#-3.2ĹŠ04#ĹŠ2#ĹŠ!.,#1!( +(9 -ĹŠ2.+.ĹŠ(-3#1- ,#-3#Ä“
Ă“eh[i$ 7 [ijei i[ ikcW [b YWYWe" jeZei Yece fheZkYjei Z[ [n# fehjWY_ÂŒd [cXb[c|j_Yei [d bW W]he_dZkijh_W$ Feh ejhe bWZe" i[ [dYk[djhWd bei fheZkYjei de jhWZ_Y_edWb[i Z[ [nfehjWY_ÂŒd o gk[ ^Wd _Ze Yh[# Y_[dZe" Yece [b XhÂŒYeb_" bW f_‹W" bW fWfWoW" [b cWd]e" bWi \hkjWi WdZ_dWi o [b WY[_j[ Z[ fWbcW W\h_YWdW$ ÆCkY^ei Z[ [ijei W‘d de fh[i[djWd kd Wbje fheY[ie Z[ _dZkijh_Wb_pWY_ÂŒd" feh be gk[ iki l[djWi ied c[deh[iÇ" WYbWhW$ 5 -!#2ĹŠ#-ĹŠ#+ĹŠ2#!3.1
} ēŊ Ŋ/1."4!!(¢-Ŋ"#ŊĄ.1#2Ŋ1#/1#2#-3 Ŋ4-.Ŋ"#Ŋ+.2Ŋ, 8.1#2Ŋ(-%1#2.2Ŋ / 1 Ŋ+ Ŋ#!.-.,~ Ŋ- !(.- +ē
>WY[ Wb]kdei W‹ei" ;YkWZeh de YedjWXW Yed kd FbWd DWY_edWb Z[ :[iWhhebbe 7]he_dZkijh_Wb" i_d [cXWh]e [d (&&/ i[ _d_Y_ÂŒ [b jhWXW`e fWhW fh[i[djWh [ijW fbW# d_Ă’YWY_ÂŒd$ FWhW [i[ W‹e" [b i[Yjeh W]he_d# Zkijh_Wb Yedjh_Xk‡W" [d fhec[# Z_e" Yed kd '+"+ Wb FheZkYje ?dj[hde 8hkje" WZ[c|i i[ [ij_cW gk[ YWi_ kd j[hY_e Z[ bW FeXbWY_ÂŒd ;YedÂŒc_YWc[dj[ 7Yj_lW i[ eYk# fW Z[ [ijW WYj_l_ZWZ [d bW 9eijW" I_[hhW o Eh_[dj[$
I[]‘d [ij[ FbWd" l_][dj[ ^Wi# jW (&''" [b i[Yjeh jkle kd _dYh[# c[dje Z[X_Ze Wb Wkc[dje [d bW Z[cWdZW Z[ fheZkYjei Wb_c[d# j_Y_ei" [b Wk][ f[jheb[he" cWoeh _d]h[ie Z[ Z_l_iWi" _dYh[c[dje feXbWY_edWb o Wb YWcX_e Z[ ^|# X_jei$ ;b fW‡i Yk[djW Yed kdW \k[hpW [YedÂŒc_YW o ieY_Wb gk[ i[ beYW# b_pW [d bW W]he_dZkijh_W hkhWb" [i Z[Y_h" ÆZ[ f[gk[‹ei e c[Z_Wdei fheZkYjeh[i gk[ W‘d de j_[d[d kd h[ifWbZe i[]khe [d ik ]hWd cWoeh‡W" W f[iWh Z[ gk[ [b =e# X_[hde ^W jhWjWZe Z[ ^WY[h WlWd# Y[iÇ" [nfb_YW CWdj_bbW$ ;ij[ i[Yjeh" beYWb_pWZe cWoeh_# jWh_Wc[dj[ [d F_Y^_dY^W" 7pkWo" =kWoWi" 9^_cXehWpe" 8eb‡lWh" Jkd]khW^kW" [djh[ ejhWi fhe# l_dY_Wi" fheZkY[ Wb_c[djei" Ă’# XhWi l[][jWb[i" fh[dZWi Z[ l[ij_h o WYj_l_ZWZ[i h[bWY_edWZWi$ Ik fh_dY_fWb eXij|Ykbe [i ÆbW \WbjW Z[ \_dWdY_Wc_[dje fWhW Yedi[]k_h cWgk_dWh_W o j[d[h kd YWf_jWb" Wi‡ Yece bW YWh[dY_W Z[ YWfWY_jWY_ÂŒdÇ" h[Yk[hZW [b _d# ][d_[he W]he_dZkijh_Wb$
14/.2
"#- 2ĹŠ %1.(-"4231( +#2ĹŠ ĹŠ #1! ".ĹŠ- !(.- +Ä–ĹŠ!;1-(!.2ĔŊ+;!3#.2ĔŊ Ĺ—, ~9ĔŊ!  Ŋ"#ĹŠ 9ĂŒ! 1ĔŊ 11.9ĔŊ/ / ĔŊ5#%#Äą 3 +#2ĔŊ+#%4,(-.2 2ĔŊ31(%.ĔŊ2.8 ĔŊ3 !.ĔŊ , ĂŒĹŠ8ĹŠ' 1(- 2Ä“
Ŋ 1 "(!(.- +#2Ŋ"#Ŋ#7/.13 !(¢-ĖŊ ŗ! ! .ĔŊ! $_Ŋ8ŊĄ.1#2ē
- -.ĔŊ
ĹŠ .ĹŠ31 "(!(.- +#2ĹŠ"#ĹŠ#7/.13 !(¢-Ä–ĹŠ 1¢!.+(ĔŊ Ĺ— !#(3#2Ä”ĹŠÄƒ 1 2ĹŠ- 341 +#2ĹŠ5#%#3 +#2ĔŊ)4%.2ĹŠ8ĹŠ !.-2#15 2ĹŠ"#ĹŠ$143 2ĹŠ31./(! +#2ĔŊ$143 2ĹŠ -"(Äą - 2ĔŊ3_ĹŠ8ĹŠ'(#1 2ĹŠ 1.,;3(! 2ĹŠ8ĹŠ,#"(!(- +#2Ä“
,/ !3.Ŋ , (#-3 + ŊŊ Ŋ (¢+.% Ŋ 3 +(- Ŋ +" 9Ŋ!4#-3 Ŋ ŗ04#Ŋ+ Ŋ %1.(-"4231( Ŋ%#-#1 Ŋ +3#1 Ĺ
!(.-#2ĹŠ#-ĹŠ+.2ĹŠ#!.2(23#, 2ĹŠ".-"#ĹŠ2#ĹŠ + ĹŠ/1 !3(! ĔŊ!.,.ĹŠ#1.2(¢-ĹŠ8ĹŠ"#2#13(ÄƒÄą ! !(¢-ĹŠ"#ĹŠ+.2ĹŠ24#+.2ĹŠ ĹŠ! 42 ĹŠ"#ĹŠ4- ĹŠ #7/+.3 !(¢-ĹŠ(11 !(.- +ĔŊ"#$.1#23 !(¢-ĔŊ !.-3 ,(- !(¢-ĔŊ/_1"(" ĹŠ"#ĹŠ (."(5#1Äą 2(" "ĔŊ#-31#ĹŠ.31 2Ä“ĹŠÄĄ .ĹŠ(,/.13 -3#ĹŠ #2ĹŠ, -3#-#1ĹŠ4-ĹŠ#04(+( 1(.ĹŠ8ĹŠ%#-#1 1ĹŠ 4#- 2ĹŠ/1;!3(! 2ĹŠ/ 1 ĹŠ1#"4!(1ĹŠ#+ĹŠ (,/ !3.ĢĔŊ !.3 Ä“
BW >ehW" 1 +.ÄŒĹ?Ĺ? Ĺ?Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ä“ĹŠ ĹŠ 2/#12(¢-ĹŠ24/#1ă!( +ĹŠ#2ĹŠ+ ĹŠ,;2ĹŠ !.,ĂŒ-ĹŠ#-31#ĹŠ+.2ĹŠ %1(!4+3.1#2Ä“ĹŠĹŠ
ĉ
Ĺ?Ĺ?
+ĹŠ1(#%.ĹŠ#2ĹŠ (-"(2/#-2 +#ĹŠ / 1 ĹŠ+.2ĹŠ!4+3(5.2
+Ŋ/ ~2Ŋ/.2##Ŋ%1 -"#2Ŋ$4#-3#2Ŋ'~"1(Ĺ ! 2ĔŊ/#1.Ŋ"# #-Ŋ2#1Ŋ!.11#!3 ,#-3#Ŋ , -#) " 2Ŋ/ 1 Ŋ-.Ŋ/#1"#1Ŋ#+Ŋ1#!412.ē
I.L.G.A AS B M BO
3
ÂľI[ ^W fk[ije W f[diWh Yk|djW YWdj_ZWZ Z[ W]kW i[ kiW fWhW + 5#2 fheZkY_h bei Wb_c[djei gk[ ă!(#-!( ĹŠ"#ĹŠ1(#%. _d]_[h[ Z_Wh_Wc[dj[5 Fk[i [d# jƒh[i[ gk[ i[ [ij_cW gk[ [djh[ [b -& o [b .& Z[ W]kW ZkbY[ Ĺ—ĹŠ #"4!(1ĹŠ+ 2ĹŠÄƒ+31 !(.-#2ĹŠ"#ĹŠ+.2ĹŠ! - +#2ĹŠ i[ Z[ij_dW fWhW bW W]h_YkbjkhW" /.1ĹŠ,#"(.ĹŠ"#ĹŠ1#5#23(,(#-3.2ĹŠ.ĹŠ43(+(9 1ĹŠ 34 #1~ 2Ä“ i[]‘d c[dY_edW MWbj[h C[h# Y^|d" _d][d_[he W]hÂŒdece o Ĺ—ĹŠ (2,(-4(1ĹŠ+ ĹŠ#5 /.1 !(¢-ĹŠ#5(3 -".ĹŠ+.2ĹŠ 1(#%.2ĹŠ"#ĹŠ,#"(."~ ĹŠ8ĹŠ43(+(9 1ĹŠ1(#%.ĹŠ/.1ĹŠ [if[Y_Wb_ijW [d h_[]e$ 2/#12(¢-ĹŠ/.1ĹŠ"# ).ĹŠ"#ĹŠ+ ĹŠ!./ ĹŠ"#ĹŠ+.2ĹŠ 7 d_l[b dWY_edWb" [b h[Ykhie ;1 .+#2ĔŊ#-ĹŠ5#9ĹŠ"#ĹŠ1(#%.ĹŠ/.1ĹŠ 2/#12(¢-ĹŠ ^‡Zh_Ye [i _dZ_if[diWXb[ fWhW 2. 1#ĹŠ+ ĹŠ!./ ĹŠ"#ĹŠ+.2ĹŠ,(2,.2Ä“ bWi WYj_l_ZWZ[i Z[b YWcfe" oW Ĺ—ĹŠ 5(3 1ĹŠ#+ĹŠ1(#%.ĹŠ#7!#2(5.Ä“ gk[ [i kdW Z[ bWi fheZkYY_ed[i ĹŠ .-31.+ 1ĹŠ+ 2ĹŠ, + 2ĹŠ'(#1 2ĹŠ#-ĹŠ+ 2ĹŠ$ ) 2ĹŠ Ĺ—#-31#ĹŠ!4+3(5.2ĹŠ8ĹŠ, -3#-#1+ 2ĹŠ2#! 2Ä“ c|i Z[ijWYWZWi fWhW bW [Yede# c‡W [YkWjeh_WdW$ ÆC_[djhWi c|i ĹŠ #, 1 1ĹŠ8ĹŠ!.2#!' 1ĹŠ#-ĹŠ+.2ĹŠ,.,#-3.2ĹŠ Yh[pYW bW feXbWY_ÂŒd i[ lW W d[Y[i_# ŗ¢/3(,.2Ä“ jWh Z[ c|i Yec_ZW o" feh [dZ[" Z[ ĹŠ #% 1ĹŠ$1#!4#-3#,#-3#ĹŠ!.-ĹŠ+ ĹŠ! -3(" "ĹŠ cWoeh W]kWÇ" WYejW [b [nf[hje$ Ĺ—!.11#!3 ĹŠ"#ĹŠ %4 ĹŠ/ 1 ĹŠ#5(3 1ĹŠ"_ă!(32ĹŠ"#ĹŠ Feh [`[cfbe" bW Eh]Wd_pW# '4,#" "ĹŠ"#+ĹŠ!4+3(5.Ä“ Y_ÂŒd Z[ bWi DWY_ed[i Kd_ZWi i[‹WbW gk[ fWhW fheZkY_h kd a_be Z[ jh_]e i[ d[Y[i_jW '$+&& bei gk[ kiWd bWi W]kWi ikXj[# b_jhei Z[b Ăˆb‡gk_Ze l_jWbÉ$ hh|d[WiÇ" fh[Y_iW o W‹WZ[ gk[ Æ:[b h_[]e gk[ i[ ^W]W ieXh[ ÆYed [b fWie Z[b j_[cfe i[ [ij| kd Ykbj_le Z[f[dZ[ bW l_[dZe gk[ [b b‡gk_Ze Z[ [Ă’Y_[dY_W [d [b h[dZ_# h‡ei e bW]ei oW de WXWi# ĹŠ c_[dje Z[ fheZkYjei o j[Y[ feh bW Z_ic_dkY_ÂŒd Yed\ehc[ fWi[ [b j_[c# e feh bW YedjWc_dWY_ÂŒd fe o [b YWcX_e Yb_c|j_# ĹŠ 1% -(9 !(¢-ĹŠ Z[ [ijWi \k[dj[iÇ$ "#ĹŠ+ 2ĹŠ !(.-#2ĹŠ Ye i[ lk[blW c|i \k[hj[" -(" 2ĹŠ/ 1 ĹŠ+ ĹŠ lWcei W j[d[h cWoeh[i +(,#-3 !(¢-ĹŠ8ĹŠ 2#15 !(.-#2 + ĹŠ %1(!4+341 ĹŠ ĸ/.1ĹŠ242ĹŠ2(%+ 2ĹŠ fheXb[cWiÇ" [d\Wj_pW$ C[hY^|d Yedi_Z[hW #-ĹŠ(-%+_2ĹŠ ĚŊ gk[ bWi Wbj[hdWj_lWi #23(, ĹŠ04#ĹŠ#+ĹŠ %4 ĹŠ"#23(- " ĹŠ Z[ h_[]e [d bW i[hhWd‡W 4#-3#2 / 1 ĹŠ1(#%.ĹŠ ^Wd c[`ehWZe feh [b FWhW eXj[d[h [b W]kW 4,#-3 1;ĹŠ4-ĹŠ gk[ cWdj_[d[ bei i[c# ÄˆÄŒĹ˜ĹŠ/ 1 ŊĉćĊćē Wfhel[Y^Wc_[dje Z[ f[dZ_[dj[i jhWdil[h# Xh‡ei" bei W]h_Ykbjeh[i kiWd \k[dj[i dWjkhWb[i ĹŠ iWb[i fWhW ^ehjWb_pWi e Yece bW]ei e h‡ei" Wi‡ jkXƒhYkbei" c_[djhWi Yece Wbj[hdWj_lWi feh gk[ [d bW 9eijW" feh c[Z_e Z[ YedijhkYY_e# -ĹŠ+ ĹŠ (#11 ĹŠ2#ĹŠ c[Z_e Z[ bW Wif[hi_ÂŒd" 24#+#ĹŠ42 1ĹŠ#+ĹŠ d[i Z[ [cXWbi[i e h[# 1(#%.ĹŠ/.1ĹŠ241!.2ĹŠ i[ fk[Z[d Z[iWhhebbWh Ykbj_lei Z[ XWdWde" feh fh[iWi$ ÆJeZe Z[f[dZ[ 8ĹŠ#-ĹŠ+ ĹŠ .23 ĹŠ#+ĹŠ 04#ĹŠ#2ĹŠ/.1ĹŠ(-4-Äą Z[ bWi pedWi Z[b fW‡i " !(¢-ĔŊ#2/#!( +Äą [`[cfbe$ ,#-3#ĔŊ#-ĹŠ#+ĹŠ ZedZ[ i[ [dYk[djh[d$ 11.9Ä“ ÆDe Z[X[cei ebl_# Feh [`[cfbe" CWdWX‡ ZWh gk[ bW cWoeh‡W Z[ [i kdW fhel_dY_W cko dk[ijhei W]h_Ykbjeh[i i[YW" [d bW gk[ [i c|i Z_\‡Y_b [if[hWd bW bb[]WZW Z[ bWi bbkl_Wi [b WYY[ie Wb h[Ykhie ^‡Zh_Ye Wi‡ fWhW i[cXhWh e fWhW de ^WY[h# Yece W bWi fh[Y_f_jWY_ed[iÇ" beÇ" cWd_Ă’[ijW C[hY^|d" f[he Yec[djW C[hY^|d$ [d bW WYjkWb_ZWZ [ij[ cƒjeZe JWcX_ƒd ^Wo gk_[d[i Wfhe# jhWZ_Y_edWb ^W j[d_Ze Z_Ă’Ykb# l[Y^Wd [b W]kW ikXj[hh|d[W jWZ[i Yece Yedi[Yk[dY_W Z[b feh c[Z_e Z[ fepei fWhW be]hWh YWcX_e Yb_c|j_Ye$ h[]Wh iki fbWdjWY_ed[i$ KdW Wbj[hdWj_lW gk[ i[ [ij| 9ed [b cƒjeZe Z[ ikf[hĂ’Y_[ Z_\kdZ_[dZe [i [b Wfhel[Y^W# i[ YkXh[ [b Ykbj_le" Yed [b Z[ Wi# c_[dje Z[ bWi W]kWi h[i_ZkWb[i" f[hi_ÂŒd i[ _c_jW W bW bbkl_W" [b Z[ f[he [b [if[Y_Wb_ijW [d h_[]e ]ej[e [ij| Z[ij_dWZe W bW hW‡p" [b Z_Y[ gk[ [ije j_[d[ f[b_]hei feh ikXj[hh|d[e i[ be ^WY[ c[Z_Wd# bei gk‡c_Yei gk[ i[ kiWd [d bWi j[ jkXei _dijWbWZei [d [b ik[be o fbWdjWY_ed[i$ ÆI_ i[ be bb[]WhW [b Z[ ikX#_hh_]WY_ÂŒd [i [b gk[ i[ W ^WY[h" ^Wo gk[ j[d[h ckY^e Yk_ZWZe Yed [b cWd[`e fehgk[ h[Wb_pW feh _dkdZWY_ÂŒd$ ÆBW cWoeh fWhj[ Z[b h_[]e [d fk[Z[ i[h f[eh o YWkiWh fhe# ;YkWZeh fhel_[d[ Z[ \k[dj[i Xb[cWi W gk_[d[i YedikcWd ikf[hĂ’Y_Wb[i$ Ied cko feYei [iei Wb_c[djeiÇ" YedYbko[$
Ĺ?Ĺ?
ÄŠ
BW >ehW" 1 +.ÄŒĹ?Ĺ? Ĺ?Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
.2ĹŠ/1."4!3.2ĹŠ %1~!.+ 2ĹŠ,;2ĹŠ "#23 ! ".2
.2ŊĄ.1#2Ŋ8Ŋ#+Ŋ - -.Ŋ2.-Ŋ+.2Ŋ04#Ŋ, Ĺ 8.1#2Ŋ(-%1#2.2Ŋ%#-#1 -Ŋ +Ŋ/ ~2ĔŊ2#%4(Ĺ ".2Ŋ"#+Ŋ! $_Ŋ8Ŋ#+Ŋ! ! .ē !4 3.1( -.2
+%4-.2ĹŠ/1."4!3.2ĹŠ %1~!.+ 2
Ĺ—ĹŠ  Ŋ"#ĹŠ 9ĂŒ! 1 Ĺ—ĹŠ $_ Ĺ—ĹŠ 1 -) Ĺ—ĹŠ - -. Ĺ—ĹŠ / 8 Ĺ—ĹŠ 4 8 !. Ĺ—ĹŠ Ĺ—ĹŠ 1_).+ Ĺ—ĹŠ ! .
Ĺ—ĹŠ ~9 Ĺ—ĹŠ / Ĺ—ĹŠ '.!'. Ĺ—ĹŠ 4! Ĺ—ĹŠ 1 -)(++ Ĺ—ĹŠ -"~ Ĺ—ĹŠ ,.3# " Ĺ—ĹŠ # Ĺ—ĹŠ +.1#2
bW WYj_l_ZWZ W]h‡YebW [i c[deh" f[he i[ Z[ijWYWd fbWdjWY_ed[i Z[ cW‡p" okYW" dWhWd`_bbW" fWbcW W\h_YWdW" YW‹W Z[ Wp‘YWh" Y‡jh_Yei o" cWoeh_jWh_Wc[dj[" fWij_pWb[i$
.ĹŠ04#ĹŠ,;2ĹŠ2#ĹŠ#7/.13
;b fW‡i [i Yedi_Z[hWZe Yece [b fh_c[h [nfehjWZeh Z[ XWdWde [d [b ckdZe$ BW cWoeh Z[cWd# ZW fhel_[d[ Z[ ;ijWZei Kd_Zei" @WfÂŒd" Hki_W" 9^_dW o bW Kd_ÂŒd ;khef[W$ I[]‘d bW 7ieY_WY_ÂŒd Z[ ;nfehjWZeh[i Z[ 8WdWde Z[ ;YkWZeh" [d (&'( ^W [dl_WZe kd fhec[Z_e Z[ ,/ c_bbed[i Z[ YW`Wi ZkhWdj[ [d[he" \[Xh[he o cWhpe$ Ejhe _d]h[ie _cfehjWdj[ be Yed\ehcWd bWi Ă“eh[i gk[ i[ fhe#
ēŊ 2Ŋ - -#1 2Ŋ2#Ŋ#73(#-"#-Ŋ/.1Ŋ#+Ŋ+(3.1 +Ŋ#!4 3.1( -.Ŋ8Ŋ24Ŋ/1."4!3.ĔŊ#-Ŋ 24Ŋ, 8.1~ ĔŊ#2Ŋ5#-"(".Ŋ +Ŋ#731 -)#1.ē
ZkY[d [d F_Y^_dY^W" ?cXWXkhW" 9ejefWn_" 9^_cXehWpe o 7pkWo fWhW gk_[d[i [b c[hYWZe c|i Z[ijWYWZe [i [b [ijWZekd_Z[di[$ :khWdj[ (&''" [ij[ i[Yjeh l[d# Z_ÂŒ Y[hYW Z[ '& c_b jed[bWZWi W ;;$KK$ o ;khefW o fWhW [b fh[# i[dj[ W‹e [if[hWd ikf[hWh [ijW Y_\hW$ Feh ik fWhj[" bW 7ieY_WY_ÂŒd DWY_edWb Z[ ;nfehjWZeh[i Z[ 9W\ƒ ^W [dl_WZe Wb [njhWd`[he Wb]e c|i Z[ )&- c_b iWYei Z[ ,& a_be]hWcei ZkhWdj[ bei jh[i fh_c[hei c[i[i Z[ (&'(" be gk[ [gk_lWb[ W c|i Z[ +) c_bbed[i Z[ ZÂŒbWh[i$ ;d YkWdje Wb YWYWe" i[ [ij_cW gk[ [b .& Z[ bW [nfehjWY_ÂŒd Z[ [ij[ fheZkYje [i Ă’de Z[ WhecW o" i[]‘d bW 7ieY_WY_ÂŒd DWY_edWb Z[ ;nfehjWZeh[i Z[ 9WYWe" [b fW‡i i[ fei_Y_edW Yece [b c|i Yecf[j_# j_le Z[ 7cƒh_YW BWj_dW [d [ij[
YWcfe" i[]k_Ze Z[ L[d[pk[bW" FWdWc| o Cƒn_Ye$ ;b Wp‘YWh o bW cWZ[hW ied Zei Ykbj_lei gk[ i[ ck[l[d [d c[# deh ]hWZe fWhW c[hYWZei [njhWd# `[hei" f[he fei[[ Z_ijh_XkY_ÂŒd W d_l[b beYWb$ 1 ĹŠ!.-24,.ĹŠ(-3#1-.
;djh[ bei fheZkYjei W]h‡YebWi gk[ ck[l[d bW [Yedec‡W _dj[hdW Z[b fW‡i" CWhj‡d[p Z[ijWYW Wb cW‡p" Wb Whhep" Wb jh_]e" W bW fWfW" Wb fWb# c_je" Wb cWhWYko|" W bW fWbcW W\h_YWdW" Wb Wb]eZÂŒd" WZ[c|i Z[ bW ]WdWZ[h‡W o bW f[igk[h‡W$ ÆCk# Y^ei Z[ [ijei fheZkYjei jWcX_ƒd i[ [nfehjWd" f[he [d c[deh[i YWdj_ZWZ[i YecfWhWZWi Yed [b XWdWde e bWi Ă“eh[i" feh [`[cfbeÇ" WYbWhW bW [nf[hjW$ :[ WYk[hZe W ZWjei Z[b ?D;9" bW fheZkYY_ÂŒd W]hef[YkWh_W i[ YedY[djhW [d kd *,",/ [d fWi#
Ä“ĹŠ 2ĹŠÄ„.1~!.+ 2ĹŠ2#ĹŠ4 (! -ĹŠ#-ĹŠ + ĹŠ (#11 ĹŠ8ĹŠ2.-ĹŠ/ 13#ĹŠ(,/.13 -3#ĹŠ"#ĹŠ+ ĹŠ #!.-.,~ ĹŠ- !(.- +Ä“
jei Ykbj_lWZei" (&",- [d fWi# jei dWjkhWb[i" '/"+ [d Ykbj_lei f[hcWd[dj[i o ')"+ [d Ykbj_lei jhWdi_jeh_ei$
FWhW (&'&" [b ?dij_jkje DWY_edWb Z[ ;ijWZ‡ij_YWi o 9[diei ?D;9 fh[i[djÂŒ bW ;dYk[ijW Z[ Ikf[hĂ’# Y_[i Z[ FheZkYY_ÂŒd 7]hef[YkW# h_W 9edj_dkW [d bW gk[ i[ h[l[bÂŒ gk[ ;YkWZeh fei[[ -") c_bbed[i Z[ ^[Yj|h[Wi Z[Z_YWZWi W bW W]h_# YkbjkhW o bW cWoeh‡W i[ kX_YWd [d CWdWX‡" =kWoWi" Be`W" Bei H‡ei o ;ic[hWbZWi$ <hWdY[i CWhj‡d[p" _d][d_[hW W]hÂŒdecW" Yk[djW gk[ Æfeh bW lWh_[ZWZ ][e]h|Ă’YW Z[b fW‡i" bW fheZkYY_ÂŒd [i cko Wcfb_W$ Iki Z_\[h[dj[i f_iei Yb_c|j_Yei \Wle# h[Y[d [b Z[iWhhebbe Z[ Ykbj_lei jhef_YWb[i e WdZ_deiÇ$ ;d bW 9eijW" ZedZ[ bWi pedWi ied c|i |h_ZWi" c_[djhWi c|i Y[hYW Z[b cWh i[ [dYk[djhW [n_ij[ c[dei W]h_YkbjkhW" f[he jWcX_ƒd ^Wo i_j_ei cko Wfjei fWhW Ykbj_# lWh cW‡p" okYW" Wb]eZÂŒd" \hkjWi jhef_YWb[i" XWdWde" fWbcW W\h_# YWdW" YW\ƒ" YWYWe" YW‹W Z[ Wp‘YWh" [djh[ ejhei$ ;d bW I_[hhW bW cWoeh‡W Z[ fbWdjWY_ed[i ied fWij_pWb[i" i_d [cXWh]e" jWcX_ƒd [n_ij[ fheZkY# Y_ÂŒd Z[ fWfW" Y[XWZW" ^WXW" cW‡p o ^ehjWb_pWi gk[ ied bWi fh_dY_# fWb[i$ Feh ejhe bWZe" [d bW 7cWped‡W
(Â #1 ĹŠ1(-"#ĹŠ!4#-3 2ĹŠ#-ĹŠ,#"(.ĹŠ"#ĹŠ3#-2.ĹŠ!+(, ĹŠ/.+~3(!.ĹŠ
ĹŠ ĹŠ ĔŊ ŊěŊ +ĹŠ/1#2("#-3#ĹŠ!'(+#-.ĔŊ # 23(;-ĹŠ ( #1 ĔŊ.$1#!#ĹŠ'.8ĹŠ+ ĹŠ3#1!#1 ĹŠ!4#-3 ĹŠ/ĂŒ +(! ĹŠ -3#ĹŠ#+ĹŠ
Ä Ä€
.-%1#2.ĹŠ#-ĹŠ,#"(.ĹŠ"#ĹŠ4-ĹŠ3#-2.ĹŠ!+(, ĹŠ/.+~3(!.ĹŠ8ĹŠ+ 2ĹŠ!1#!(#-3#2ĹŠ"#, -" 2ĹŠ2.!( +#2Ä“ĹŠ +ĹŠ,(-(231.ĹŠ"#ĹŠ+ ĹŠ 1#2("#-!( ĔŊ 1(23(;-ĹŠ 11.4+#3ĔŊ1#2 +3¢Ŋ04#ĹŠĹŠ#-31#ĹŠ+.2ĹŠ+.%1.2ĹŠ"#+ĹŠ . (#1-.ĹŠ#23;ĹŠ+ ĹŠ+#8ĹŠ04#ĹŠ#7(,#ĹŠ ĹŠ+.2ĹŠ)4 (+ ".2ĹŠ"#ĹŠ/ % 1ĹŠ#+ĹŠÄ?Ĺ˜ĹŠ"#ĹŠ+ 2ĹŠ !.3(9 !(.-#2ĹŠ"#ĹŠ2 +4"ĹŠ8ĹŠ#+ĹŠ/#1,(2.ĹŠ"#ĹŠ, 3#1-(" "ĹŠ#73#-"(".Ä“ĹŠĹŠ +ĹŠ/4-3.ĹŠ#-ĹŠ!.-31 ĹŠĹŠ#2ĹŠ+ ĹŠ3 2 ĹŠ"#ĹŠ"#2#,/+#.ĹŠ"#+ĹŠÄ?Ä”Ä?ĹŠĹ˜Ä“
Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. ÄŒĹ?
, ( # ŋ.# ( ŋ/( ŋ ,#' , ŋ ' ŋ +/ ŋ()ŋ -.6ŋ - ŋ +Ŋ,4-".Ŋ. 2#15 Ŋ+.2Ŋ/1(,#1.2Ŋ/ 2.2Ŋ "#Ŋ +_1(#Ŋ 1(#16#(+#1ĔŊ+ Ŋ!.,/  #1 Ŋ "#+Ŋ/1#2("#-3#Ŋ .++ -"#ē ĔŊ Ŋ ě
LWbƒh_[ Jh_[hm[_b[h" bW YecfW‹[hW Z[b \bWcWdj[ fh[i_Z[dj[ \hWdYƒi" <hWd‚e_i >ebbWdZ[" Z_e [b l_[hd[i iki fh_c[hei fWiei _dj[hdWY_e# dWb[i Yece Æfh_c[hW ZWcWÇ [d ;ijWZei Kd_Zei" ZedZ[ [hW l_ijW Yece kdW ck`[h Æ[b[]Wdj[" _dj[# b_][dj[" _dZ[f[dZ_[dj[$$$ o gk[ de [ij| YWiWZWÇ$ :khWdj[ ik [ijWdY_W [d ;ijW# Zei Kd_Zei" WYecfW‹WdZe W >e# bbWdZ[ [d ik l_i_jW eĂ’Y_Wb o [d bWi YkcXh[i Z[b =. o Z[ bW EJ7D" [ijW f[h_eZ_ijW Z[ *- W‹ei j_[d[ fh[l_ije fWhj_Y_fWh [d jeZWi bWi cWd_\[ijWY_ed[i eĂ’Y_Wb[i Z[ bei YÂŒdok][i Z[ bei b‡Z[h[i$ BW 9WiW 8bWdYW be ^_pe iWX[h0 de ^Wo d_d]‘d fheXb[cW Z[ fhe# jeYebe feh [b [ijWZe Y_l_b Z[ bW Yec# fW‹[hW Z[ <hWd‚e_i >ebbWdZ[$ .,/1.,(2.2
Jh_[hm[_b[h" gk[ bb[]Œ W MWi^_d]# jed [b l_[hd[i feh bW cW‹WdW l[i# j_ZW Yed kd ieXh_e fWdjWbŒd d[# ]he o kd WXh_]e XbWdYe" de [ijkle [d [b Wbck[hpe Z[ >ebbWdZ[ Yed bW i[Yh[jWh_W Z[ ;ijWZe [ijWZe# kd_Z[di[" >_bbWho 9b_djed" f[he i‡ WYecfW‹Œ Wb dk[le cWdZWjW# h_e W bW [cXW`WZW Z[ <hWdY_W fWhW kdW h[kd_Œd Yed bW Yeckd_ZWZ
.-ĹŠ5(" ĹŠ/1(5 " Ĺ—ĹŠĹŠÄĄÄž (#-ĹŠ/.1ĹŠ+.2ĹŠ$1 -!#2#2ĹŠ8ĹŠ+ ĹŠ , 8.1~ ĹŠ"#ĹŠ+.2ĹŠ#41./#.2Ä?ĹŠ ++.2ĹŠ
#-3(#-"#-Ŋ8Ŋ1#2/#3 -Ŋ+ Ŋ-#!#2(" "Ŋ "#Ŋ3#-#1Ŋ5(" Ŋ/1(5 " ĔŊ-.Ŋ!.,.Ŋ,4Ĺ !'.2Ŋ#23 ".4-("#-2#2ĢĔŊ /4-3¢Ŋ#+Ŋ +.%%#1Ŋ #3#1Ŋ#+Ŋ)4#5#2Ŋ#-Ŋ+ Ŋ/;%(- Ŋ 6# Ŋ"#+Ŋ"( 1(.Ŋ '#Ŋ #6Ŋ .1*Ŋ (,#2ĔŊ ,(#-31 2Ŋ#+Ŋ! - "(#-2#Ŋĥ , 13Ŋ .7ĢŊ 1#!.1"¢Ŋ04#Ŋ#+Ŋĥ3_1,(-.Ŋļ/1(,#1 Ŋ " , ČŊ-.Ŋ#7(23#Ŋ#-Ŋ+ Ŋ31 "(!(¢-Ŋ/.+~Ĺ 3(! Ŋ$1 -!#2 ĔŊ8Ŋ04#Ŋ+ Ŋ,(2, Ŋ2# .1 Ŋ 1(#16#(+#1Ŋ+.Ŋ' Ŋ1#!' 9 ".Ģē
\hWdY[iW o ($&&& _dl_jWZei$ 7o[h Z[X_Œ [d\h[djWh" h[Wb# c[dj[" feh fh_c[hW l[p W bWi Y|# cWhWi Wb Wi_ij_h W kd Wbck[hpe [d bW 9WiW 8bWdYW" feh _dl_jWY_Œd Z[ C_Y^[bb[ EXWcW" [ifeiW Z[b fh[i_Z[dj[ Z[ ;ijWZei Kd_Zei" 8WhWYa EXWcW$ ;d 9^_YW]e ?bb_de_i" dehj[ " ZedZ[ i[ Z[iWhhebbŒ bW YkcXh[ Z[ bW EJ7D" l_i_jŒ Yed C_Y^[# bb[ EXWcW bW [iYk[bW i[YkdZW# h_W =Who 9ec[h 9ebb[][ o bk[]e Wi_ij_h| W kdW Y[dW e\h[Y_ZW feh bW fh_c[hW ZWcW [ijWZekd_Z[di[ [d [b cki[e ?dij_jkje Z[ 7hj[ Z[ 9^_YW]e$ >eo" Jh_[hm[_b[h l_i_jWh| [b B_#
^ ēŊ .2Ŋ5#!#2Ŋ"(5.1!( " Ŋ8Ŋ, "1#Ŋ"#Ŋ31#2Ŋ'().2ĔŊ+ Ŋ,4)#1Ŋ"#Ŋ .++ -"#Ŋ #23;Ŋ" -".Ŋ04_Ŋ' + 1ēŊ
Â&#x; Ä“ĹŠ !.,/  -".ĹŠ +ĹŠ -4#5.ĹŠ/1#2("#-3#ĹŠ ĹŠ3." 2ĹŠ/ 13#2ĔŊ+ ĹŠ /#1(."(23 ĹŠ +_1(#ĹŠ2#ĹŠ' ĹŠ'#!'.ĹŠ1#2/#Äą 3 1Ä“ĹŠ
Y[e <hWdYƒi [d 9^_YW]e$ - ĹŠ"(5
FWhW bei c[Z_ei Z[ Yeckd_YW# Y_ÂŒd [ijWZekd_Z[di[i" [ijW ck# `[h Æ_dj[b_][dj[ o jWb[djeiWÇ" Zei l[Y[i Z_lehY_WZW" cWZh[ Z[ jh[i ^_`ei" [i Z_ij_d]k_ZW o [b[]Wdj[" Wb [ij_be Z[ bWi Z_lWi Z[ bW [ZWZ Z[ ehe Z[ >ebbomeeZ" BWkh[d 8WYWbb e AWj^[h_d[ >[fXkhd$ JWcX_ƒd bW Z[iYh_X_[hed Yece kdW ck`[h _dZ[f[dZ_[dj[" _dj[b[YjkWb" [nf[hjW [d feb‡j_YW o Wi[iehW Z[ ik YecfW‹[he" i_d ec_j_h c[dY_edWh [b WfeZe Z[ ÆHejjm[_b[hÇ gk[ b[ fkie B_edd[b BkYW" Z_fkjWZe Z[ bW KCF Z[h[#
Y^W " be gk[ fheleYÂŒ kdW WlWbWd# Y^W Z[ Yh‡j_YWi$ ;d Z[Ă’d_j_lW" Yece h[ikc[ [b >kĂśd]jed Feij" Jh_[hm[_b[h [i Æ_dZ_iYkj_Xb[c[dj[ \hWdY[iWÇ$ C|i _cfehjWdj[ W‘d" >ebbWd# Z[ o Jh_[hm[_b[h Yed\ehcWd bW fh_c[hW fWh[`W Æde YWiWZWÇ gk[ eYkfW [b ;b‡i[e$ Ä 4;+ĹŠ#2ĹŠ#+ĹŠ/1. +#, Ä&#x;
ƾKd fh[i_Z[dj[ de YWiWZe5 IW# Yh[ Xb[k IWdje :_ei Ç" bWdpÂŒ [b l_[hd[i [b KI7 JeZWo$ BW fh[diW [ijWZekd_Z[di[ ^W Z[X_Ze iWYWh [b Z_YY_edWh_e Z[ i_# dÂŒd_cei fWhW bbWcWhbW" Wf[bWdZe W bei YWb_Ă’YWj_lei Z[ Ædel_WÇ [d 9DD" o ÆYÂŒdok][Ç" ÆYecfW‹[hWÇ o ÆieY_WÇ [d [b h[ije Z[ bei c[Z_ei$ Æ9h[e gk[ bW cWoeh‡W Z[ bei [ijWZekd_Z[di[i [ij| Z[ WYk[h# Ze Yed [ijW h[bWY_ÂŒd fehgk[ [i fWhj[ Z[ bW \ehcW fWhj_YkbWh Z[ l_l_h Z[ bei \hWdY[i[iÇ" Z_`e W bW 7<F M_bb_Wc =Wbijed" kd [n# f[hje [d feb‡j_YW o Ă’beie\‡W [d [b
Y[djhe Z[ _dl[ij_]WY_ÂŒd ?dij_jkje 8heea_d]i$ ÆCkY^ei Z[ deiejhei de ^[# cei ebl_ZWZe bW dejWXb[ \eje Z[ \Wc_b_W Z[b \kd[hWb Z[b fh[i_Z[dj[ C_jj[hhWdZÇ" Z_`e" h[YehZWdZe bW fh[i[dY_W Z[ bW \Wc_b_W b[]‡j_cW [ _b[]‡j_cW Z[b [nfh[i_Z[dj[ ie# Y_Wb_ijW" W c[dkZe c[dY_edWZei feh bW fh[diW [ijWZekd_Z[di[" Wi‡ Yece [b Z_lehY_e Z[ D_YebWi IWhaepo$ -ĹŠ/ ~2ĹŠ"($#1#-3#
ÆBei [ijWZekd_Z[di[i WY[fjWd fh[i_Z[dj[i Z_lehY_WZei HedWbZ H[W]Wd" feh [`[cfbe 1 de Yh[e gk[ [b_]_[hWd W kd e kdW fh[i_# Z[dj[ gk[ de [ij[ YWiWZe Yed ik fWh[`W" f[he [ije fk[Z[ YWcX_Wh" feh ikfk[ijeÇ" Z_`e =Wbijed$ Æ<hWdY_W [i kd fW‡i cko Z_\[# h[dj[ Wb dk[ijhe YkWdZe i[ jhW# jW Z[b Wceh" [b cWjh_ced_e o bW feb‡j_YWÇ" Z_`e h[Y_[dj[c[dj[ [b fh[i[djWZeh [ijh[bbW Z[ bW D89" 8h_Wd M_bb_Wci$
Ä 1#3#-"(" ĹŠ /.1ĹŠ#+ĹŠÄĽ #8ÄŚÄ&#x;
Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. ÄŒĹ?
ĹŠ
Ŋ#231#++ Ŋ(-$ -3(+Ŋ 1 2(+# Ŋ1#5#+ Ŋ04#Ŋ (!' #+Ŋ !*2.-Ŋ04#1~ Ŋ! 2 12#Ŋ!.-Ŋ #++ Ŋ8Ŋ3#-#1Ŋ'().2ēŊ Ŋ ĔŊ Ŋ ě BW fh[i[djWZe#
hW" WYjh_p o YWdjWdj[ XhWi_b[‹W NknW h[l[bÂŒ gk[ [b \Wbb[Y_Ze ĂˆH[o Z[b fef C_Y^W[b @WYaied gk[h‡W YWiWhi[ Yed [bbW o j[d[h ^_`ei" WZ[bWdjÂŒ [b i|XWZe [b YWdWb Z[ j[b[l_i_ÂŒd =beXe" gk[ jhWdic_j_ÂŒ WdeY^[ bW [djh[l_ijW Yecfb[jW$ @WYaied" gk_[d ckh_ÂŒ [d (&&/" Æc[ Z_`e gk[ b[ ]kijWh‡W j[d[h ^_`ei o YWiWhi[ Yedc_]eÇ" i[‹WbÂŒ bW Wd_cWZehW _d\Wdj_b [d kdW [djh[l_ijW [d bW gk[ ^W# XbW Z[ iki h[bWY_ed[i WceheiWi Yed f[hiedW`[i \Wceiei" Yece [b [n\kjXeb_ijW ;Zied 7hWdj[i Ze DWiY_c[dje ĂˆF[bÂƒĂ‰ o [b \W# bb[Y_Ze Wkjecel_b_ijW 7ohjed I[ddW$ Æ9ed F[bƒ [ijkl[ i[_i W‹ei o Yed 7ohjed l_l‡ kd ]hWd Wceh [d c_ l_ZW" f[he gk[ \k[ cko h|# f_ZeÇ" i[‹WbÂŒ CWh‡W ZWi =hWYWi
.Ŋ 1 !_Ŋ#2 Ŋ! 42 Ŋ /.104#Ŋ8.Ŋ5(5~Ŋ#2.Ŋ8Ŋ2_Ŋ +.Ŋ04#Ŋ4-Ŋ-( .Ŋ2(#-3#ĔŊ 4-.Ŋ2(#-3#Ŋ5#1%Õ#-9 Ŋ8Ŋ-.Ŋ 04(#1#Ŋ' + 1Ŋ2. 1#Ŋ#2.Ģē
ĹŠ Â&#x; ĹŠ
C[d[]^[b" Yece [i [b l[hZWZ[he decXh[ Z[ bW Whj_ijW Z[ */ W‹ei" gk_[d i[ Wfhen_cÂŒ Wb YWdjWdj[ [ijWZekd_Z[di[ ZkhWdj[ bei l_W# `[i Z[ @WYaied W 8hWi_b fWhW ]hW# XWh l‡Z[ei Z[ iki YWdY_ed[i [d bW ZƒYWZW Z[ bei /&$ ;d bW [djh[l_ijW YedY[Z_ZW Wb fhe]hWcW Ăˆ<Wdj|ij_YeÉ" NknW jWcX_ƒd h[l[bÂŒ gk[ YkWdZe d_‹W ik\h_ÂŒ Z[ WXkiei i[nkWb[i o feh [ie Z[Z_YW j_[cfe o Z_d[he fWhW WfeoWh W _dij_jkY_ed[i gk[ Wok# ZWd W d_‹ei gk[ fWiWhed feh bW c_icW i_jkWY_ÂŒd$
ĹŠ ĹŠ ĹŠ
Ä #1,(- 1.-ĹŠ24ĹŠ -.5( 9%.Ä&#x;ĹŠ ^ ŊěŊ #2"#ĹŠ' !#ĹŠ2#, - 2ĹŠ -.ĹŠ2#ĹŠ#2!4!' ĹŠ- " ĹŠ"#ĹŠ+ ĹŠ/ 1#) ĹŠ "#+ĹŠ,.,#-3.ĔŊ-(ĹŠ 423(-ĹŠ (# #1ĔŊ -(ĹŠ #+#- ĹŠ .,#9ĹŠ/ 1#!~ -ĹŠ3#-#1ĹŠ 3(#,/.ĹŠ/ 1 ĹŠ#+ĹŠ ,.1ĔŊ '.1 ĹŠ/ 1#!#ĹŠ 04#ĹŠ+ ĹŠ1 9¢-ĹŠ#2ĹŠ04#ĹŠ' -ĹŠ3#1,(- Äą ".Ä“ĹŠ +%4-.2ĹŠ,#"(.2ĹŠ 2#%41 -ĹŠ04#ĹŠ #+ĹŠ! -3 -3#ĹŠ!.+.!¢Ŋ#-ĹŠ24ĹŠ!4#-3 ĹŠ "#ĹŠ 6(33#1ĹŠÄĄ 1 !( 2ĹŠ/.1ĹŠ#+ĹŠ3(#,/.ĹŠ 04#ĹŠ/ 2_ĹŠ!.-3(%.ĔŊ/#1.ĹŠ '.1 ĹŠ"# .ĹŠ !.-3(-4 1ĢēŊ #2/4_2ĹŠ"#ĹŠ4-.2ĹŠ ,(-43.2ĹŠ#23#ĹŠ,#-2 )#ĹŠ"#2 / 1#Äą !(¢Ŋ8ĹŠ+ ĹŠ#2/#!4+ !(¢-ĹŠ"#ĹŠ04#ĹŠ' ~ ĹŠ 3#1,(- ".ĹŠ!.-ĹŠ #+#- ĹŠ!.,#-9¢ēŊ ĹŠ
ĹŠ ĹŠ
/ 1#!#Ŋ#-Ŋ 1#' (+(3 !(¢-Ŋ ^ ŊěŊ Ŋ#2/.2 Ŋ"#+Ŋ
!3.1Ŋ"#Ŋļ #1,(- 3.1ŊĊČŊ #7/+(!¢Ŋ Ŋ+ Ŋ/1#-2 Ŋ04#Ŋ 8 Ŋ2 #Ŋ#-Ŋ"¢-"#Ŋ#23;ēŊ +Ŋ/ 1#!#1Ŋ++ ,¢Ŋ Ŋ242Ŋ ,(%.2Ŋ/#12.- +#2Ŋ/ 1 Ŋ "#!(1+#2Ŋ04#Ŋ#-31 1~ Ŋ Ŋ 1#' (+(3 !(¢-ēŊĥ 23.8Ŋ ,48Ŋ +(5( " ĢĔŊ 2#%41¢Ŋ .2#Ŋ 3 '+ĔŊĥ3 , (_-Ŋ "4".Ŋ,4!'.Ŋ2. 1#Ŋ2(Ŋ#-Ŋ 1# +(" "Ŋ2#Ŋ#-!4#-31 Ŋ#-Ŋ 1#' (+(3 !(¢-ĢēŊ Ŋ
Ä“ĹŠ 47 ĹŠ3 , (_-ĹŠ#2ĹŠ!.-.!(" ĹŠ!.,.ĹŠÄĽ ĹŠ1#(- ĹŠ"#ĹŠ+.2ĹŠ )(3.2ÄŚÄ“ĹŠ
Ä Ä
ŏ ŏ
ŏ
āĂ
¡
t
?% D8I:<CF D<A@8 I% _d\a`X7cX_fiX%Zfd%\Z
Ġ !(¢ũ4-ũ"~ ũ!.,.ũ'.8ğ
MASA DE AGUA SALADA, LA
ũ/ !(#-!( ũ#2ũ4-.ũ"#ũ242ũ%1 -"#2ũ".-#2ēũ 2ũ,48ũ3.+#1 -3#ũ8ũ1#2/.-2 +#ũ/.1ũ+.ũ04#ũ "#-31.ũ"#ũ24ũ;1# ũ+ .1 +ũ8ũ/1.$#2(.- +ũ 2#ũ"#2#,/# ũ"#ũ,48ũ 4#- ũ, -#1 ēũ # #ũ/1.!41 1ũ"(2$143 1ũ4-ũ/.!.ũ"#ũ+ ũ5(" ũ 8 ũ04#ũ-.ũ3.".ũ#2ũ31 ).ũ-(ũ1#2/.-2 (ı +(" "#2ēũ
MAYOR PARTE DE LA TIERRA
Ăāŏ ŏ ŏ ŏĂĀāĂ
ŏ +. Čŏ
RELIGIOSA ESPOSA DE ABRAHAM
DUEÑO
ROEDOR ARGOLLA
ACTRIZ DE LA
ALFA RÍO DE PERÚ
IDA, CHIFLADA RÍO DE RUSIA
SÍMBOLO DE
ARTÍCULO
ARTE DE
UNO EN INGLÉS
ESTADO DE ASIA
FLÚOR
PESCA
HIJO DE DÉDALO
DON, DONAIRE
SÍMBOLO DE
SÍMBOLO DE GITANO DE
RATA EN
SERPIENTE VENENOSA
ENSENADA
"1#ũ .+3#1.
TRIUNFAR
DIOS EN EL ISLAM
PRECIOSO
SALUDABLE
EXTENSIÓN
RETRASO,
DEMORA GRITO DEPORTIVO
ĔũĉĈĖćć
ACEITE
COMUNICAR,
CIUDAD DE YEMEN
ONDA
ĸ, 19.ũĉĈũıũ 1(+ũĈĒĹ
.2ũ 24-3.2ũ1#+ !(.- ".2ũ ũ5( )#2ũ.ũ!.-ı 3 !3.2ũ!.-ũ#+ũ#731 -)#1.ũ"# #1;-ũ3., 12#ũ !.-ũ! +, ũ8ũ/.1ũ#+ũ,.,#-3.ũ#5(3 12#ēũ #!4#1"#Ėũ .ũ' 8ũ/#1$#!!(¢-ũ2(-ũ#2$4#19.ē
INFORMAR
ũ
TIEMPO PIEDRA LLANA
ACTOR DE LA
TELENOVELA EL ROSTRO DE ANALÍA
AMOR CONTAR, RELATAR
PIEL CURTIDA DE LA OVEJA
RELATIVO A
LA NARIZ HERMANO DE ABEL
FECHAR
Solución anterior I
R
C
I
F
T
A
A
N
A
D
O
A
T
A
L
A
N
GATO EN
N
A
R
IRÁN SIN I
I
N
C
A
L
I
A
N
O
C
C
A
S
MANGO
FENECER
MONARCA PERUANO
GUSTAR
C
L
O
ARTÍCULO
O
L
NEUTRO
N
PLANTA TREPADORA
PROBAR,
L
I A PAÍS DE EUROPA
A REPUGNANCIA
VELLÓN
O
R FALLECER,
A
SAGRADA RELATIVO A LA BOCA
BOLA
ACTOR DE LA
INGLÉS
LABRAR
A
R
A
R
CASA DE
A
S
A
R
TOSTAR PROVINCIA DE ESPAÑA
C
SEÑAL, HUELLA
RECREO
RÍO DE ELAMENIA IR EL CABALLO
6 3
M
A
N
RELATIVO AL LLANTO
C
A
L
M
A
ARTERIA DEL
E
N
C
T
DEMENTE,
O
R
A
T
E
A
COSTOSO
R
A
R
O
RACANO
O
R
A
R
O
TIEMPO
T
E
G
A
R
EXTRAÑO
REZAR, SUPLICAR SÍMBOLO DE SODIO
L
2
9
5 7
6
1 5 8
8
8 9 5
TORO
R
LIMAR, RALLAR
R
E
R
A
R
E
V
A
V
A
2
7 1
7
3
4
6
3 4 2 9 7 8 3 2 1 5 4 6 9 7 3 8 5 2 1 9 6 4 1
A D ATAR CON
REZAR, SUPLICAR
ENFERMEDAD PADECIMIENTO
O E
DORADA
LOCO
CORTAR
PRIMER MUJER GRITO DEPORTIVO
RIVAL
LIANAS
SÍMBOLO DE NEÓN
CORAZÓN
TEJIDO, LIENZO CONVICTA
ĸ, 8.ũĉĈũıũ)4-(.ũĉĈĹ
ũ2(34 !(¢-ũ"#-31.ũ"#+ũ, 31(,.-(.ũ"# #ũ 2#1ũ1#24#+3 ũ!.-ũ, "41#9ũ#ũ(-3#+(%#-!( ēũ 5(3#ũ+.2ũ#-$1#-3 ,(#-3.2ũ8ũ/#+# 2ũ!.-ũ24ũ / 1#) ēũ #!4#1"#Ėũ #1".-#ũ2(#,/1#ũ ũ242ũ #-#,(%.2Ėũ- " ũ+#2ũ,.+#23 ũ,;2ē
HIERRO
VIENTO
KICHWA
A
O
PELÍCULA
6 3
CANTÓN DE LOJA
T
LABRÚLA
5 2
QUERER, AMAR
^
CHAPA DE
TONTO EN
ENCAJE
S
R
ACTRIZ DE LA
4 9
A
DAR, TRANSFERIR
DEPARTAMENTO DE PERÚ
CONTRARIA,
ESPECIE DE
O
TACAÑO
R
DUEÑA
A
MISIVA
A
LICOR
TOSTAR
ÁTOMO
TRANSITADA
SOLITARIO
BRUÑIR,
R
A
1 7 4
A R
PRECIOSO
R
8
D
DE CATALUÑA
A
ŗũũD[e" Jh_d_jo o Ceh\[e [ij|d Z[ h[]h[ie [d bW i[Yk[bW Z[ 5
O
C
ĔũĉĉĖćć
9
L
R
ALTAR
A
2 8 1 4 7 6 8 4 9 1 2 3 6 5 7 9 6 4 5 1 2 7 3 8
O
O
LORO
M
t
3
R
METAL
INGLÉS
N
C
31(7ũ1#! 1% ".
A
T
GALLINA EN
O
A
O
O
A
R
I
S
D
ÁNADE
L
T
N
A
A
ROENTGEN
POLLO DEL
R
A
IGUAL
R
R
HEMBRA DEL
A
S
L
A
R
N
R
M
A
ESPOSA DE ABRAHAM SÍMBOLO DE
E
AL TROTE
EL AGUA
CELEBRIDADES A 8EKFE@F D8:?@E L (0'( $ (0.. :FD8E;@8EK< :L98EF%# A E8:@FE8C@Q8;F <JG8zFC @EKIF;L:KFI ;<C 9FC<IF G <E <JG8z8 A
T
H
DISPERSO
FLOTAR EN
CAPITAL DE ITALIA
DEL REY
PELÍCULA
EL DISCURSO
T ENCUENTRO EQUIVOCADO
ĸ 1(+ũĉćũıũ, 8.ũĉćĹ 1 3#ũ"#ũ, -3#-#1ũ+ ũ31 -04(+(" "ũ#-ũ+.ũ 1#$#1#-3#ũ ũ+.2ũ! , (.2ũ8ũ31 -2$.1, !(.ı -#2ēũ 2ũăũ- -9 2ũ"#ũ24ũ/ 1#) ũ"# #1;-ũ2#1ũ #04(+( 1 " 2ēũ #!4#1"#Ėũ #ũ2#%41.ũ04#ũũ ! " ũ,(-43.ũ +%.ũ"(%-.ũ8ũ%#-#1.2.ũ,4#1#ũ /.1ũ$ +3 ũ"#ũ#+.%(.ē
DIOS DEL
REMAR
ASIERO,
ATASCAR
L CLORURO
COMPOSICIÓN
SÓDICO
TIZA
LÍRICA
ALIMENTO
CONVENIR,
E
ANIMAL
PACTAR DIOS DE LOS REBAÑOS
TENA
COSTOSO ATRAER HACIA SÍ
: ũ
ĸ)4-(.ũĉĉũıũ)4+(.ũĉĉĹ 4ũ2(23#, ũ-#15(.2.ũ2#1;ũ,4!'.ũ,;2ũ 2#-2( +#ũ#-ũ#23#ũ,.,#-3.ũ/.1ũ+.ũ!4 +ũ "ēũ "# #1;ũ31 3 1ũ"#ũ, -3#-#1+.ũ ).ũ!.-31.+ēũ #!4#1"#Ėũ 8ũ5 1(.2ũ3(/.2ũ"#ũ;-%#+#2Ėũ 4-.2ũ3(#-#-ũ + 2ēēēũ.31.2ũ-.ē
ũ
9 8
1
6
4
2 7 1 4 3 8 7 3 9 4 6 2 7 8 7 5 8 3 2 4 9 3 7 1 7 5
: ũ }
#23.2ũ"#ũ, ,43ũ (#-ũ!.-2#15 ".2 ^ Ĕũ ũěũ H[ijei i[ei Z[ kd cWckj Z[ [djh[ '&$&&& o '+$&&& W ei Z[ Wdj_] [ZWZ [d Xk[d [i# jWZe Z[ Yedi[hlWY_ d \k[hed ^W# bbWZei [d [b Y[djhWb [ijWZe c[n_# YWde Z[ Gk[h jWhe" _d\ehc [b ?dij_jkje DWY_edWb Z[ 7djhefe# be] W [ >_ijeh_W ?D7> $ Bei h[ijei" [djh[ bei gk[ Z[i# jWYWd Zei Yebc_bbei gk[ j_[d[d kdW bed]_jkZ Wfhen_cWZW Z[ '".& c[jhei " kd \hW]c[dje Z[ Yh|d[e o ejhei Zei [b[c[djei W d de _Z[dj_\_YWZei" \k[hed ^WbbWZei
ũ
COCHE, VEHÍCULO METAL PRECIOSO
METAL
TRANSIGIR, SOMETERSE
C
ÈCWjh_nÉ$ ;ijW l[p" bei jh[i fhejW]ed_ijWi l_W`Wd W ÈP_edÉ" [b bj_ce d Yb[e Z[ i[h[i ^kcWdei b_Xh[i [d bW J_[hhW$ 7bb " D[e j[dZh| -( ^ehWi fWhW Z[j[d[h [b WlWdY[ Z[ bWi c|gk_dWi" Wdj[i Z[ gk[ [bbWi Zec_d[d be gk[ gk[ZW Z[ bW ^kcWd_ZWZ$
PROYECTIL
IGUAL
SEÑAL
ĸ#-#1.ũĉćũıũ$# 1#1.ũĈĒĹ 5(3#ũ#+ũ!.-3 !3.ũ!.-ũ242ũ ,(%.2ũ8 ũ04#ũ #-ũ#23#ũ,.,#-3.ũ "ēũ8ũ#++.2ũ3(#-"#-ũ ũ 2#1ũ242!#/3( +#2ũ8ũ#7/+.2(5.2ēũ #!4#1"#Ėũ .+.ũ#-ũ#+ũ"(!!(.- 1(.ũ#+ũ_7(3.ũ#23;ũ -3#2ũ "#+ũ31 ).ē
ĸ$# 1#1.ũĉćũıũ, 19.ũĉćĹũ -3_-% 2#ũ#-ũ%4 1"( ũ"#-31.ũ"#ũ24ũ /1.$#2(¢-ũ8 ũ04#ũ/4#"#-ũ24!#"#1ũ!.2 2ũ (,/1#5(23 2ũ.ũ"#2 %1 " +#2ēũ #!4#1"#Ėũ .".2ũ+.2ũ31(4-$.2ũ- !#-ũ!4 -".ũ-.2ũ 31#5#,.2ũ ũ!.,#-9 1ē
RAZA
MAQUE CICATRIZ,
ũ
ũ
EXTRAER INGLÉS
jeZe" ^WijW gk[ kdW jhW][Z_W be Yedl_[hj[ [d fWZh[ iebj[# he$ JhWi f[hZ[h ik jhWXW`e o ckZWhi[ W bW YWiW Z[ ik fWZh[ [d Dk[lW @[hi[o" Ebb_[ Z[X[h| Z[Z_YWhi[ W Yh_Wh W ik ^_`W o W h[^WY[h ik l_ZW$
FEMENINO
CALCIO
TIEMPO
ŗũũEbb_[ [i kd fkXb_Y_ijW Z[ CWd^WjjWd gk[ Yh[[ j[d[hbe
TELENOVELA EL ROSTRO DE ANALÍA
[d [b ckd_Y_f_e Z[ >k_c_bfWd [d kdW pedW [hei_edWZW feh [iYk# hh_c_[djei Z[ W]kW gk[ Z[`Whed [nfk[ijei bei l[ij_]_ei$ Bei l[ij_]_ei i[h|d jhWibWZW# Zei Wb 9[djhe ?D7>#Gk[h jWhe" ZedZ[ fh_c[he Z[X[h|d f[hZ[h bW ^kc[ZWZ WYkckbWZW o bk[]e i[ b[i Wfb_YWh| kd jhWjWc_[dje fWhW h[Ykf[hWh ik Zkh[pW$ KdW l[p [ijWX_b_pWZei" i[ fheY[Z[h| W ik h[ijWkhWY_ d$ IeXh[ bW Wdj_] [ZWZ Z[ bei h[ijei" [b Wdjhef be]e \ i_Ye ?i# hW[b BWhW 8WhW`Wi i[ Wb gk[ [ij[
}
+ #13.ũ 41#1. ĸĈČĐĈıĈĎĉđĹ
ũ7hj_ijW Wb[c|d Z[ bW feYW ŗũ h[dWY[dj_ijW dWY[ kd Z W Yece ^eo [d D h[cX[h]$ 9edeY_# Ze feh iki f_djkhWi" Z_Xk`ei" ]hWXWZei o [iYh_jei j[ h_Yei" ^W [`[hY_Ze kdW ]hWd _dÓ k[d# Y_W [d bW ^_ijeh_W Z[b Whj[$ Cko _dj[h[iWZe [d bW ][ec[jh W o bWi fhefehY_ed[i cWj[c|j_YWi" ik fhe\kdZe i[dj_Ze Z[ bW ^_ijeh_W" iki eXi[hlWY_ed[i Z[ bW dWjk# hWb[pW o bW YedY_[dY_W gk[ j[d W Z[ ik fhef_e fej[dY_Wb Yh[Wj_le ied kdW Z[ceijhWY_ d Z[ ik [if h_jk Z[ YedijWdj[ Ykh_ei_# ZWZ _dj[b[YjkWb$ 7kjeh Z[ eXhWi Yece È7Z|d o ;lWÉ o È7ZehWY_ d Z[ bW Jh_d_ZWZÉ$
ĸ)4+(.ũĉĊũıũ %.23.ũĉĉĹũ
2ũ1#+ !(.-#2ũ $#!3(5 2ũ-.ũ2.-ũ1#!.,#-ı " +#2ũ/.1ũ#+ũ,.,#-3.ũ8 ũ04#ũ/4#"#-ũ .! 2(.- 1ũ/1. +#, 2ēũ #!4#1"#Ėũ .+.ũ #7(23#ũ4- ũ, -#1 ũ"#ũ1#2(23(1ũ#+ũ$1~.ēēē #23 -".ũ!.-3#-3.ũ"#ũ04#ũ' % ũ$1~.ē
ũ
ĸ %.23.ũĉĊũıũ2#/3(#, 1#ũĉĉĹ #-31.ũ"#ũ24ũ'.% 1ũ31 3#ũ"#ũ, -3#-#1ũ + ũ! +, ũ8ũ2#1#-(" "ēũ 5(3#ũ+.2ũ#-$1#-3 ı ,(#-3.2ũ!.-ũ04(#-#2ũ!.-5(5#ēũ #!4#1"#Ėũ (ũ+.2ũ/#11.2ũ+ "1 -ũ#2ũ2# +ũ"#ũ04#ũ 5 -9 ,.2ē
ũ
ĸ2#/3(#, 1#ũĉĊũıũ.!34 1#ũĉĉĹ 1 )#ũ/.1ũ, -3#-#1ũ#-ũ.1"#-ũ8ũ31 -04(ı +(" "ũ242ũ-#%.!(.2ėũ2# ũ/1#5(2(5.ũ#-ũ#23 ũ ;1# ēũ 5(3#ũ#-$1#-3 12#ũ ũ242ũ'#1, -.2ēũ #!4#1"#Ėũ +ũ/#2(,(23 ũ2#ũ04#) ũ"#+ũ5(#-3.Ĕũ #+ũ./3(,(23 ũ#2/#1 ũ04#ũ! , (#Ĕũ#+ũ1# +(23 ũ )423 ũ+ 2ũ5#+ 2ē
ũ
ĸ.!34 1#ũĉĊũıũ-.5(#, 1#ũĉĈĹũ -3#ũ+.2ũ 24-3.2ũ"#+(! ".2ũ1#+ !(.- ".2ũ ũ 242ũăũ- -9 2ũũ+#ũ!.11#2/.-"#ũ, -3#-#12#ũ 2#1#-.ũ8ũ31 -04(+.ũ/ 1 ũ 2~ũ1#2.+5#1+.2ũ"#ũ + ũ,#).1ũ, -#1 ēũ #!4#1"#Ėũ ũ5#1" "#1 ũ +#%1~ ũ- !#ũ"#ũ+ ũ 4#- ũ!.-!(#-!( ē
ũ
ĸ-.5(#, 1#ũĉĉũıũ"(!(#, 1#ũĉĈĹũ # +(!#ũ#)#1!(!(.2ũ"#ũ1#+ ) !(¢-ũ8ũ,#"(3 ı !(¢-ũ/ 1 ũ 2~ũ/."#1ũ!.-31.+ 1ũ242ũ(,/4+ı 2.2ēũ # ũ/1#! 5(".ēũ #!4#1"#Ėũ 4 -".ũ 1#(- ũ+ ũ5(134"Ĕũ+.2ũ! ++.2ũ"#ũ%4#11 ũ 1 -ũ +.2ũ! ,/.2ē
j_fe Z[ \WkdW ^WX_j bW pedW ^WY[ [djh[ '&$&&& o '+$&&& c_b W ei" be gk[ i[ ^W l[h_Ò YWZe Yed [b ^WbbWp]e [d bWi bj_cWi Zei Z # YWZWi Z[ kdW lWh_[ZWZ Z[ \ i_b[i Z[b Fb[_ijeY[de$
ũ
ĸ"(!(#, 1#ũĉĉũıũ#-#1.ũĈĒĹ
ũ#!4 -(,(" "ũ2#1;ũ#+ũ1#,#"(.ũ,;2ũ /1#!(2.ũ/ 1 ũ $1.-3 1ũ+.2ũ/1. +#, 2ũ04#ũ +#ũ 04#) -ēũ #!4#1"#Ėũ 4(#-ũ31./(#9 ũ8ũ-.ũ ! #Ĕũ".2ũ/ 2.2ũ "#+ -3 ē
Ĺ?Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
Ä“ĹŠ +ĹŠ!.-24,.ĹŠ"#ĹŠ#23#ĹŠ +(,#-3.ĹŠ#2ĹŠ-#!#2 1(.ĹŠ#-ĹŠ#3 / 2ĹŠ#2/#!~ÄƒĹŠ! 2ĹŠ "#ĹŠ"#2 11.++.Ä“
Ä“ĹŠ .2ĹŠ"#1(5 ".2ĹŠ"#ĹŠ+ ĹŠ+#!'#ĹŠ 2.-ĹŠ"(5#12.2
Ĺ‹& " Ĺ‹ -Ĺ‹ - ( # &Ĺ‹ * , Ĺ‹ &Ĺ‹- ,Ĺ‹"/' () 23#ĹŠ +(,#-3.ĹŠ/1.5##ĹŠ-431(#-3#2ĹŠ04#ĹŠ 84" -ĹŠ +ĹŠ.1% -(2,.ĹŠ ĹŠ/1.3#%#12#ĹŠ"#ĹŠ + 2ĹŠ#-$#1,#" "#2Ä“ĹŠ
3 / ĹŠ -(!( +Ä–ĹŠ-(Â #9ĹŠ8ĹŠ ".+#2!#-!(
BW _cfehjWdY_W Z[b Yedikce Z[ bW b[Y^[ [ij| b_]WZW W [ijWZei BW Eh]Wd_pWY_ÂŒd CkdZ_Wb Z[ bW Ă’ i_ebÂŒ]_Yei Yece ied0 [b Z[iW# IWbkZ ECI _dZ_YW gk[ bW b[Y^[ hhebbe Z[b d_‹e%WZeb[iY[dj[" bW [i [b fh_dY_fWb Wb_c[dje [d bW [jWfW Z[ bWYjWdY_W ^WijW bWYjWdY_W" [b [cXWhWpe o bei YkWjhe e i[_i c[i[i " [d [d\[hc[ZWZ[i Z[ Z[Ă’ # ĹŠ fehgk[ Yedj_[d[ jeZei bei Y_[dY_W Z[ YWbY_e" [nfb_YW cWYhe o c_Yhedkjh_[dj[i bW dkjh_Y_ed_ijW DWj^Wb_[ - ĹŠ3 9 ĹŠ"#ĹŠ gk[ [b _d\Wdj[ d[Y[i_jW$ IWblWZeh$ +#!'#ĹŠ /.13 ĹŠ IWblWZeh W]h[]W gk[" Bei b|Yj[ei Z[X[d \eh# 4-.2ŊĉććŊ,(+(Äą YkWdZe [b f[gk[‹e WbYWd# cWh fWhj[ Z[ bW Z_[jW Z[b %1 ,.2ĹŠ "#ĹŠ! +!(.Ä“ĹŠ pW bei i[_i c[i[i [i WYed# i[h ^kcWde ZkhWdj[ jeZW i[`WXb[ Wb_c[djWhbe Yed b[# ik l_ZW" feh [b Wbje d_# l[b Z[ dkjh_[dj[i gk[ Yedj_[d[" Y^[ Z[ \ÂŒhckbW" [d kdW YWdj_ZWZ fh_dY_fWbc[dj[ YWbY_e" \ÂŒi\ehe" c‡d_cW Z[ '- edpWi Z_Wh_Wi o fhej[‡dWi o l_jWc_dWi$ BWi Yed# ejhei Wb_c[djei fWhW [b Yehh[Yje i[Yk[dY_Wi Z[ [b_c_dWh e h[ZkY_h Z[iWhhebbe Z[ ik i_ij[cW ÂŒi[e$ 7 fWhj_h Z[b fh_c[h W‹e" _d_# ik Yedikce ied ]hWl[i o fk[# Z[d [l_Z[dY_Whi[ W c[Z_Wde e W Y_W [b Yedikce Z[ b[Y^[ Z[ lWYW$ :[ bei ( W i[_i W‹ei i[ h[gk_[h[ bWh]e fbWpe$ bW _d][ijW Z[ jh[i W YkWjhe jWpWi Z[ b[Y^[ Z_Wh_Wi$ :[ bei - W '' i[ ĹŠ Z[X[ Yedikc_h Zei W jh[i jWpWi1 o Z[ bei '( W '. W‹ei" Zei jWpWi .-3 !3.2Ä–ĹŠ 431(!(.-(23 1Ä“ĹŠ 4(2ĹŠ 8#* ćđČćÄ?đĈĈĈ Yece c‡d_ce$ 231.#-3#1¢+.%.ĹŠ +~-(!. ćĒĒćĊĈÄ?Ä‘Ä‘ĹŠ 3' +(#ĹŠ +5 ".1
1(#+ ĹŠ .9. (-#!¢+.% ćĒĉĒÄ?Ä?Ċćđ
-3.+#1 -!( ĹŠ ĹŠ+ ĹŠ+ !3.2 Ĺ—ĹŠĹŠ
2ĹŠ4- ĹŠ $#!!(¢-ĹŠ(-3#23(- +ĹŠ04#ĹŠ !.-2(23#ĹŠ#-ĹŠ+ ĹŠ"#ÄƒĹŠ!(#-!( ĹŠ"#ĹŠ4- ĹŠ #-9(, ĹŠ++ , " ĹŠ+ !3 2 ĔŊ04#ĹŠ /#1,(3#ĹŠ+ ĹŠ!.11#!3 ĹŠ"(%#23(¢-ĹŠ"#ĹŠ+ ĹŠ + !3.2 Ŋĸ 9ĂŒ! 1ĹŠ"#ĹŠ+.2ĹŠ/1."4!3.2ĹŠ +;!3#.2ĚĔŊ ÄƒĹŠ1, ĹŠ 4(2ĹŠ 8#*ĔŊ% 2Äą 31.#-3#1¢+.%.ĹŠ!+~-(!.Ä“ĹŠ 42ĹŠ2~-3., 2ĹŠ 2.-Ä–ĹŠ'(-!' 9¢-ĹŠ ".,(- +ĔŊ"( 11# ĔŊ Ä„ĹŠ 34+#-!( ĹŠ8ĹŠ-;42# 2Ä“ 1 ĹŠ24ĹŠ31 3 ,(#-3.ĹŠ2#ĹŠ24%(#1#ĹŠ + ĹŠ242/#-2(¢-ĹŠ3.3 +ĹŠ.ĹŠ/ 1!( +ĹŠ"#ĹŠ+ ĹŠ +#!'#Ä“
431(#-3#
.2ĹŠ3(/.2
ŗŊ #!'#Ŋ, 3#1- ē ŗŊ #!'#Ŋ"#Ŋ5 ! ĖŊ#-3#1 ĔŊ#5 /.1 " ĔŊ 2#,("#2!1#, " ĔŊ"#2!1#, " ē ŗŊ #!'#Ŋ#-Ŋ/.+5.ē ŗŊ #!'#Ŋ"#Ŋ$¢1,4+ Ŋ.Ŋ24/+#,#-3.2ē
"4+3#9
7 fWhj_h Z[ bei '. W‹ei [i WYedi[`WXb[ Yedikc_h kd fhec[Z_e Z[ YkWjhe jWpWi" bWi YkWb[i fk[Z[d i[h h[[cfbW# pWZWi Yed Z[h_lWZei Z[ bW b[# Y^[ gk[ie" oe]kh $ 7Z[c|i" ^Wo gk[ jecWh [d Yk[djW bWi h[Yec[dZWY_ed[i Z_Wh_Wi Z[ YWbY_e" gk[ [d [ijW [jWfW ied Z[ .&& c_b_]hWcei" o bW YWd# j_ZWZ Z[ YWbeh‡Wi i[]‘d [b j_fe Z[ f[hiedW$ :khWdj[ [b [cXWhWpe o bWY# jWdY_W [d bWi ck`[h[i ^Wo gk[ Wkc[djWh bW _d][ijW Z[ [ij[ Wb_c[dje" Z[X_Ze Wb Wkc[dje Z[ bW d[Y[i_ZWZ Z[ dkjh_[dj[i fWhW [b \[je o [b Yk_ZWZe Z[ bW iWbkZ Z[ bW cWZh[$
Ä Äƒ
Ĺ? Ĺ?
Ĺ?
Ä Ä…
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
+ -!.ĖŊļ 23#Ŋ !4#1".Ŋ#2Ŋ 4-Ŋ#)#,/+.Ŋ "#Ŋ%#23(¢-Č
Äą
ÂĄ
#ĹŠ#7/42(#1.-ĹŠ/4-3.2ĹŠ"#ĹŠ !4#1".ĹŠ #-31#ĹŠ#+ĹŠ (-(23#1(.ĹŠ"#+ĹŠ #/.13#ĹŠ8ĹŠ#+ĹŠ .,(3_ĹŠ +~,/(!.ĹŠ !4 3.1( -.Ä“ ;b _dYedl[d_[dj[ gk[ i[ ^WX‡W Yh[WZe [djh[ [b C_d_ij[h_e Z[b :[# fehj[ o [b 9ec_jƒ Eb‡cf_Ye ;YkW# jeh_Wde fWh[Y[ ^WX[h bb[]WZe W ik Ă’ d$ BW deY^[ Z[b i|XWZe [d Yed\[# h[dY_W Z[ fh[diW" h[Wb_pWZW [d [b IWbÂŒd 7pkb Z[b 9ec_jƒ Eb‡cf_Ye
;YkWjeh_Wde" 7b[`WdZhe 8bWdYe" fh[i_Z[dj[ Z[b 9ec_jƒ Eb‡cf_Ye ;ifW‹eb o c_[cXhe Z[ bW Yec_# i_Œd Z[ c[Z_WZeh[i Z[b 9ec_jƒ Eb‡cf_Ye ?dj[hdWY_edWb" [nfkie bei fkdjei Z[ WYk[hZe W bei gk[ ^Wd bb[]WZe Z_Y^Wi _dij_jkY_ed[i$
¥ ēŊ .2_Ŋ #5 ++.2Ŋ ĸ"ĚĔŊ,(-(231.Ŋ"#+Ŋ #Ĺ /.13#ĔŊ#231#!' Ŋ+ Ŋ, -.Ŋ !.-Ŋ -(+.Ŋ 11#1 Ŋĸ(ĚĔŊ /1#2("#-3#Ŋ"#+Ŋ ēŊ -Ŋ#+Ŋ !#-31.Ŋ +#) -"1.Ŋ + -!.ē
ŊŊŊŊ !4#1".Ŋ +Ŋ04#Ŋ2#Ŋ++#%¢ ŊŊŊŊŊŊ 4-3.2Ŋ,;2Ŋ1#+#5 -3#2
ĹŠĹŠ 1 ĹŠ+ ĹŠ-.1, +(9 !(¢-ĹŠ"#ĹŠ+ 2ĹŠ!4 1#-3 ĹŠ ĹŠĹŠĹŠĹ— $#"#1 !(.-#2ĹŠ#!4 3.1( - 2ĹŠ/.1ĹŠ"#/.13#ĔŊ2#ĹŠ!1# ĹŠ + ĹŠ .,(2(¢-ĹŠ !4 ".1ĹŠÄ‰Ä‡ÄˆÄ‰Ä”ĹŠ!.-ĹŠ5(%#-!( ĹŠ"#2"#ĹŠ , 8.ĹŠ ĹŠ"(!(#, 1#ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‰Ä”ĹŠ(,/1.11.% +#Ä“ĹŠ
ĹŠ ĹŠ .,(2(¢-ĹŠ !4 ".1ĹŠÄ‰Ä‡ÄˆÄ‰Ä”ĹŠ5#+ 1;ĹŠ/.104#ĹŠ Ĺ—2#ĹŠ!4,/+ -ĹŠ+.2ĹŠ2(%4(#-3#2ĹŠ/4-3.2Ä–
ĹŠ ÄˆÄ“ĹŠ ĹŠ ÄƒĹŠ+( !(¢-ĹŠ"#ĹŠ+.2ĹŠ!+4 #2ĹŠ ĹŠ+ 2ĹŠ$#"#1 !(.-#2ĹŠ #!4 3.1( - 2ĹŠ/.1ĹŠ"#/.13#ĔŊ!.-ĹŠ+ ĹŠ /1. !(¢-ĹŠ /1#5( ĹŠ"#ĹŠ+ ĹŠ/#12.-#1~ ĹŠ)41~"(! ĹŠ"#ĹŠ+.2ĹŠ,(2,.2ĹŠ !.-$#1(" ĹŠ/.1ĹŠ#+ĹŠ (-(23#1(.ĹŠ"#+ĹŠ #/.13#Ä“ĹŠ ĉēŊ +ĹŠ/1.!#2.ĹŠ#+#!!(.- 1(.ĹŠ"#ĹŠ+.2ĹŠ"(1#!3.1(.2ĹŠ "#ĹŠ+ 2ĹŠ$#"#1 !(.-#2ĹŠ#!4 3.1( - 2ĹŠ/.1ĹŠ"#/.13#ĔŊ 1#%(231 ".2ĹŠ+.2ĹŠ!+4 #2ĔŊ(-(!( ĹŠ!.-ĹŠ+ ĹŠ!.-5.! Äą
;b WYk[hZe f[hc_j[ gk[ i[ h[# ]kbWh_Y[d bWi [dj_ZWZ[i Z[fehj_# lWi Z[b fW‡i$ 8bWdYe W]hWZ[Y_Œ bW Z_ifei_Y_Œd gk[ jkle YWZW fWhj[ fWhW bb[]Wh Wb Yedi[die gk[ ZWh| fWie W bW h[]kbWh_pWY_Œd Z[ bei YbkX[i o YedleYWjeh_W Z[ [b[YY_e# d[i [d YWZW kdW Z[ bWi \[Z[hWY_e#
3.1( ĹŠ8ĹŠ!4+,(- ĹŠ!.-ĹŠ+ ĹŠ/.2#2(¢-ĹŠ"#ĹŠ+.2ĹŠ-4#5.2ĹŠ "(1#!3.1(.2ĔŊ+.2ĹŠ/+ 9.2ĹŠ"#ĹŠ#)#!4!(¢-ĹŠ2#ĹŠ )423 1;-ĹŠ Ĺ—ĹŠĹŠ +ĹŠ/1#2("#-3#ĹŠ"#ĹŠ+ ĹŠ .,(2(¢-ĹŠ3(#-#ĹŠ/.1ĹŠ"#+#Äą +ĹŠ!1.-.%1 , ĹŠ04#ĹŠ#-ĹŠ+ ĹŠ/1(,#1 ĹŠ1#4-(¢-ĹŠ % !(¢-ĹŠ,(2, ĔŊ/+#-.2ĹŠ/."#1#2ĹŠ#-ĹŠ3.".ĹŠ+.ĹŠ04#ĹŠ 2#ĹŠ /1. 1;ĹŠ/ 1 ĹŠ#+ĹŠ#$#!3.Ä“ĹŠ +ĹŠ/+ 9.ĹŠ,;7(,.ĹŠ $#!3 ĹŠ ĹŠ+.2ĹŠ;, (3.2ĹŠ3_!-(!.Äą"#/.13(5.2Ä“ / 1 ĹŠ!.,/+#3 1ĹŠ#23#ĹŠ/1.!#2.ĹŠ2#ĹŠÄƒĹŠ) ĹŠ ĹŠÄŠÄˆĹŠ"#ĹŠ ĹŠ "(!(#, 1#ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‰Ä“ĹŠ ĹŠĹŠ .2ĹŠ,#"( ".1#2ĹŠ.ÄƒĹŠ!( +#2ĹŠ"#+ĹŠ .,(3_ĹŠ Ĺ— +~,/(!.ĹŠ -3#1- !(.- +ĹŠ% 1 -3(9 1;-ĹŠ#+ĹŠ ÄŠÄ“ĹŠ 2#%41 1;ĹŠ#+ĹŠ-., 1 ,(#-3.ĹŠ"#+ĹŠ ",(-(2Äą !4,/+(,(#-3.ĹŠ8ĹŠ1#24+3 ".2ĹŠ"#ĹŠ+ ĹŠ .,(2(¢-ĹŠ 31 ".1ĹŠÄƒĹŠ- -!(#1.ĹŠ/ 1 ĹŠ+ ĹŠ1#2/#!3(5 ĹŠ$#"#1 !(¢-ĹŠ !4 ".1ĹŠÄ‰Ä‡ÄˆÄ‰Ä“ĹŠ #!4 3.1( - ĹŠ/.1ĹŠ"#/.13#ĔŊ#-ĹŠ!.-$.1,(" "ĹŠ!.-ĹŠ +.ĹŠ"(2/4#23.ĹŠ#-ĹŠ+ ĹŠ #8ĹŠ"#+ĹŠ #/.13#Ä“ĹŠ ĹŠ - ĹŠ5#9ĹŠ!4,/+(".2ĹŠ+.2ĹŠ. )#3(5.2ĹŠ04#ĹŠ Ĺ— -3#!#"#-ĹŠ"#-31.ĹŠ"#+ĹŠ/+ 9.ĹŠ !.1" ".ĔŊ+ ĹŠ ĹŠ 2ĹŠ$#"#1 !(.-#2ĹŠ#!4 3.1( - 2ĹŠ/.1ĹŠ .,(2(¢-ĹŠ !4 ".1ĹŠÄ‰Ä‡ÄˆÄ‰ĹŠ/ 1 ĹŠ! " ĹŠ4- ĹŠ"#ĹŠ+ 2ĹŠ Ĺ—"#/.13#ĔŊ04#ĹŠ1#!(#-3#,#-3#ĹŠ!#+# 1 1.-ĹŠ $#"#1 !(.-#2ĹŠ#!4 3.1( - 2ĹŠ/.1ĹŠ"#/.13#ĔŊ2#ĹŠ #+#!!(.-#2ĹŠ#-ĹŠ 2 , +# ĔŊ2#ĹŠ2.,#3#1;-ĹŠ ĹŠ+ ĹŠ "(2.+5#1;ĹŠ 43.,;3(! ,#-3#Ä“ĹŠĹŠĹŠ 1#5(2(¢-ĹŠ"#ĹŠ+ ĹŠ .,(2(¢-Ä“ĹŠ
d[i [YkWjeh_WdWi feh Z[fehj[$ Æ9h[e gk[ [ije [i kd WYk[h# Ze ^_ijÂŒh_Ye" be bb[lWh[cei Yece [`[cfbe Z[ fbWd Z[ ][ij_ÂŒd W bW fhÂŒn_cW h[kd_ÂŒd Z[b 9ec_jƒ Eb‡cf_Ye ?dj[hdWY_edWb gk[ i[ h[Wb_pWh| [d Gk[X[Y bei fhÂŒn_cei Z‡WiÇ" h[iWbjÂŒ [b Z_h_][dj[ [ifW‹eb$
;be]_ei b[ ieXhWhed W 7b[`WdZhe 8bWdYe fWhW [b c_d_ijhe Z[b :[feh# j[" @eiƒ <hWdY_iYe 9[lWbbei$ ÆDe be YedeY‡W f[he [d [ijWi h[kd_ed[i fk[Ze l[h ik [nY[b[dj[ Z_ifei_Y_ÂŒd o YWfWY_ZWZ fWhW i[h Z_h_][dj[" j_[# d[ ckY^e feZ[h Z[ c[Z_WY_ÂŒd o c[ iWj_i\WY[ ^WX[hbe YedeY_ZeÇ$
ÄĽ 04(-.!!( +#2ÄŚĹŠ #-ĹŠ.31 ĹŠ$ 2# ;d bWi i[c_Ă’ dWb[i Z[ bW B_]W ;YkWjeh_WdW Z[ 8|igk[j \[# c[d_de " KJ; _diYh_X_ÂŒ ik decXh[$ Bei gk_dj[jei Z[ Eh[di[ I$9" IWdjW CWh‡W# KI<G o CWlehj" jWcX_ƒd XkiYWd ik fWiWfehj[$ IWd 9W# c_be Ă„ Gk[l[Ze i[ c[j[d [d bW Z_ifkjW$ BWi Ăˆ[gk_# ĹŠ deYY_Wb[iÉ" Z[i# fkƒi Z[b jh_kd# \e [d =kWoWgk_b +ŊĎĹđŊ8ĹŠÄ’ĹŠ"#ĹŠ )4-(.ĹŠ2#ĹŠ"(2Äą /*#/& \h[dj[ /43 1;-ĹŠ+.2ĹŠ/+ 8ĹŠ W Khk]kWo# .$$ĹŠ"#ĹŠ2#,($(- +ĹŠ #-31#ĹŠ+.2ĹŠ!4 31.ĹŠ IWZWp J[Wc" ,#).1#2ĹŠ!+ 2($(Äą ! ".2ĹŠ"#ĹŠ+ ĹŠ _diY h_X_[ hed /1(,#1 ĹŠ$ 2#Ä“ĹŠ ik decXh[ [d bWi i[c_Ă’ dWb[i Z[b jehd[e _dj[hYbkX[i Z[ Wbje h[dZ_c_[dje$ 9kWjhe YbkX[i Z_ifkjWh|d bei jh[i Ykfei h[ijWdj[i [d bWi i[c_Ă’ dWb[i Z[ bW B_]W ;YkW# jeh_WdW Z[ 8WbedY[ije$ IWd 9Wc_be#Gk[l[Ze" Z[ifkƒi Z[ kdW YedjkdZ[dj[ l_Yjeh_W [d ik Yeb_i[e ieXh[ Eh[di[ I$9"
#-ĂŒ+3(, ĹŠ$#!' #24+3 ".2
ĹŠ ĹŠĹŠ Ĺ—ĹŠ -ĹŠ ,(+.Äą 4#5#".ĹŠÄ‘Ä?ĹĎĎŊ 1#-2#ĹŠ Ä“ Ä“ĹŠ
Ĺ—ĹŠ 14%4 8Äą " 9 # ,ĹŠÄ’Ä‡ÄąÄ’ÄŒĹŠ ĹŠ Ĺ—ĹŠ -3 ĹŠ 1~ Äą ĹŠÄ?Ä‘ÄąÄ?ĉŊ 5.13ĹŠ ÂĄ ĹŠ ĹŠ ĹŠ Â&#x; ĹŠ ŊIJŊ 5.13ĹŠÄ¸ÄˆÄ’Ä–ÄŠÄ‡ÄšĹŠ .+(2#.ĹŠ 4+(.ĹŠ Ĺ— _2 1ĹŠ (" +%.Ŋĸ 4(3.Äš ĹŠ 1#-2#ĹŠ Ä“ĹŠ ŊĹŊ 14%4 8Äą " 9 # ,ĹŠ ŗĸĉćĖććĚŊ .+(2#.ĹŠ"#ĹŠ #/.13#2Ŋĸ Äą !' + Äš
ĹŠ -3 ĹŠ 1~ ŊIJŊ ŊĹŊ -ĹŠ ,(+.Äą Ĺ— 4#5#".Ŋĸ/.1ĹŠ"#ă ĹŠ-(1Äš
i[ c[j_ÂŒ [d bW f[b[W$ ;b l_[hd[i feh bW deY^[" [b gk_dj[je ĂˆĂ“ kc_d[di[É Z[hhejÂŒ .,#++ W bWi ĂˆXWdWd[h_jWiĂˆ" gk[ ^WY[ Zei \[Y^Wi [hWd bWi b‡Z[h[i Z[b jehd[e o gk[ W^ehW l[ Yec# fb_YWZWi iki Wif_hWY_ed[i Z[ fWiWh W bW i_]k_[dj[ \Wi[$
Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
,/#.- ĹŠ#-ĹŠ .,
Ä Ä†
Ä“ĹŠ 1( ĹŠ ' 1 /.5 ĹŠ!#+# 1 ĹŠ24ĹŠ5(!3.1( Ä“
ĹŠ3#-(23 ĹŠ142 ĹŠ 1( ĹŠ ' 1 Äą /.5 ĹŠ1 3(ÄƒĹŠ!¢Ŋ 8#1ĹŠ24ĹŠ3~34+.ĹŠ#-ĹŠ #+ĹŠ!#13 ,#-ĹŠ"#ĹŠ ., Ä“ ĔŊ ĹŠ š BW i[]kdZW hWgk[jW
Z[b ckdZe" bW hkiW CWh_W I^W# hWfelW" i[ _cfkie W bW Y^_dW DW B_" YWcf[edW Z[ HebWdZ =Whhei" [d bW Ă’ dWb Z[ bei ?dj[h# dWY_edWb[i Z[ J[d_i Z[ HecW feh *#," ,#* o -#, + " o h[lWb_ZÂŒ ik j‡jkbe [d bW j_[hhW he`W Z[ bW
YWf_jWb _jWb_WdW$ I^WhWfelW d[Y[i_jŒ Zei ^ehWi o +( c_dkjei fWhW Z[i^WY[hi[ Z[ B_ o [dYWZ[dWh Wi‡ ik i[]kdZW l_Yjeh_W Yedi[Ykj_lW [d [b jehd[e hecWde" gk[ [b W‹e fWiWZe i[ WZ`kZ_YŒ Wdj[ bW WkijhWb_WdW IW# cWdj^W Ijeikh$
;b fWhj_Ze" cko Z_ifkjWZe" i[ l_e WZ[c|i Z_Ă’ YkbjWZe feh kdW _dj[hhkfY_ÂŒd Z[ feYe c|i Z[ Zei ^ehWi W YWkiW Z[ bW bbkl_W" `kije Wdj[i Z[ Z_ifkjWhi[ [b Z[i[cfW# j[" gk[ Z[Y_Z_ÂŒ [b [dYk[djhe BW Z[ Wo[h \k[ bW gk_djW Ă’ dWb gk[ I^WhWfelW WbYWdpWXW [ij[ W‹e o bW i[]kdZW [d bW gk[ eX# j_[d[ kdW l_Yjeh_W" Z[ifkƒi Z[ bW Yedgk_ijWZW [d Ijkjj]Whj" Yed be gk[ ikcÂŒ [b l_]ƒi_ce i[nje j‡jk# be Z[ ik YWhh[hW$ JhWi h[Y_X_h [b jhe\[e Z[b jeh# d[e" I^WhWfelW bWc[djÂŒ gk[ ik
_jWb_Wde de ^W c[`ehWZe o Z[ijWYÂŒ Yk|d ÆbeYeÇ \k[ [b fWhj_Ze Z_ifk# jWZe Wo[h" [d Wbki_ÂŒd W bei Yedi# jWdj[i YWcX_ei [d [b Zec_d_e Z[b `k[]e o kdW bWh]W _dj[hhkfY_ÂŒd feh bW bbkl_W" gk[ ^_pe oW WYje Z[ fh[i[dY_W Z[iZ[ Yec_[dpei Z[b i[]kdZe i[j$ 7i‡" [nfb_YÂŒ gk[ Æde ^W ^WX_# Ze kdW f[hZ[ZehWÇ" o gk[ WcXWi iWYWhed iki c[`eh[i YkWb_ZWZ[i ZkhWdj[ [b [dYk[djhe$ >WijW W^ehW" B_ o I^WhWfe# lW i[ ^WX‡Wd [d\h[djWZe [d Z_[p eYWi_ed[i" [d bWi gk[ bW hkiW i[
WbpÂŒ Yed bW l_Yjeh_W [d i[_i" bW ‘b# j_cW Z[ [bbWi [d YkWhjei Z[ Ă’ dWb [d C_Wc_" YkWdZe ĂˆC_i^WÉ Whhe# bbÂŒ W bW Wi_|j_YW feh ,#) o ,#&$ I_d [cXWh]e" bWi [ijWZ‡ij_YWi `k]WXWd W \Wleh Z[ bW l_][dj[ ]W# dWZehW Z[ HebWdZ =Whhei i_ i[ j[d‡Wd [d Yk[djW iebe bei ‘bj_cei Y_dYe fWhj_Zei" oW gk[ i[ ^WX‡W _cfk[ije [d YkWjhe eYWi_ed[i$ ;b ‘d_Ye fh[Y[Z[dj[ Z[ kdW Ă’ dWb [djh[ bWi Zei" \k[ [d (&'&" YkWdZe i[ c_Z_[hed ieXh[ bW ^_[hXW Z[ 8_hc_d]^Wc Yed l_Y# jeh_W fWhW bW Wi_|j_YW$
Ĺ? Ĺ?
Ĺ?
+ ĹŠ"#ĹŠ/.2(!(.-#2 #1(#ĹŠ
Ä Ä‡
Ä‚Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. ÄŒĹ?
+ĹŠÄĽ 1#-!(3.ĹŠ 94+ÄŚĹŠ-.ĹŠ #-!.-31¢Ŋ #23 !(¢;b Yed`kdje Z[ Kd_l[hi_ZWZ 9W# jÂŒb_YW Y[Z_ÂŒ fkdjei _cfehjWdj[i [d YedZ_Y_ÂŒd Z[ beYWb o [cfWjÂŒ '#' Yed [b [b[dYe ]kWoWgk_b[‹e Z[ H_l[h FbWj[" gk_[d[i Yed dk[# l[ `k]WZeh[i i[ bb[lWhed [b fkdje [d [b Yej[`e gk[ i[ Z_ifkjÂŒ Wo[h [d [b [ijWZ_e Z[ bW B_]W 9WdjedWb Z[ Hkc_‹W^k_ feh bW ZƒY_ce j[h# Y[hW \[Y^W Z[ bW i[h_[ 8 Z[b \‘jXeb [YkWjeh_Wde$ ;b YkWZhe Z[ bW ĂˆXWdZW YhkpW# ZWÉ" WXh_ÂŒ [b cWhYWZeh" Wb c_dkje +&" feh _dj[hc[Z_e Z[b [nf[h_# c[djWZe Bk_i Ieb[Z_ifW" gk_[d [ceY_edÂŒ W bei feYei WĂ’ Y_edW# Zei fehj[‹ei gk[ i[ Z_[hed Y_jW$ ;b Ăˆjh[dY_je WpkbÉ \k[ [d XkiYW Z[b [cfWj[" f[he bW pW]W Z[ H_l[h Z[\[dZ‡W [b h[ikbjWZe W ĂˆYece Z[ bk]WhÉ$ FheZkYje Z[ [ije i[ fhe# Zk`e bW [nfkbi_ÂŒd Z[ Zei \kjXe# b_ijWi" Wdj[ [ij[ fWdehWcW" [b YkWZhe Z_h_]_Ze feh @eh][ 9ƒb_Ye [dYedjhWh‡W ik h[Yecf[diW W jhWlƒi Z[ @eh][ 9k[ijW" gk_[d Z[# Yh[jÂŒ [b [cfWj[ W feYei c_dkjei Z[ Ă’ dWb_pWh [b Zk[be$ 9ed [ij[ h[ikbjWZe" bei ĂˆY[b[i# j[iÉ ied i[]kdZei Yed (( kd_ZW# Z[i o [d bW fhÂŒn_cW \[Y^W l_i_jW# hWd Wb =h[Y_W Z[ 9^ed[$ Feh ik fWhj[" Yed kd Ăˆ^Wj# jh_YaÉ Z[ Ă›b[n CWdY^[de" <[hhe# l_Wh_ei cWdj_[d[ [b b_Z[hWje Z[b Y[hjWc[d" [ijW l[p ]eb[Whed feh )#' W bW ;ifeb_$ Bei ]eb[i Z[ CWdY^[de" fWhW [b [gk_fe Z[ :kh|d" \k[hed Wb
04(/.ĹŠ 4-3.2ĹŠ #11.5( 1(.2Ä–ĹŠ ĉĎŊŊ Ä“ĹŠ 3¢+(! ĹŠ ĉĉŊ #/Ä“ĹŠ 4#5#".ĹŠ ĉĉŊ ĹŠ Ä‰ÄˆĹŠ #/Ä“ĹŠ 9.%4#2ĹŠ ÄˆÄ’ĹŠ .! $4#13#ĹŠ ĈÄ?ĹŠ , 41 ĹŠ ĈÄ?ĹŠ 1#!( ĹŠĹŠ ĈÄ?ĹŠĹŠ 2/.+(ĹŠ ÄˆÄŒĹŠ ++#ĹŠ"#+ĹŠ!'.3 ĹŠ ÄˆÄŒĹŠ (5#1ĹŠ/+ 3#ĹŠ ÄˆÄŠĹŠĹŠ 42'4!ĹŠ14- ĹŠ ĹŠÄ’ĹŠĹŠ
Ĺ›Ä? Ĺ›ÄˆÄˆ śĎ Ĺ›Äˆ Ĺ›ÄŒ śĉ ÄąÄˆ ĹŠÄąÄ? ć Ĺĉ ĹĎ ÄąÄˆÄŽ
ÄĽ ĹŠ 11 ÄŚĹŠ 31 / ĹŠ+ ĹŠ/4-3
(-Ŋ"#Ŋ2#, - 1¢7(, Ŋ$#!'
1#!( ĹŠĹŠ 52Ä“ĹŠ (5#1ĹŠ/+ 3#ĹŠĹŠ 52Ä“ĹŠ ++#ĹŠ"#+ĹŠ!'.3 ĹŠĹŠ 52ĹŠ 2/.+(ĹŠĹŠ 52Ä“ĹŠ 42'4!ĹŠ14- ĹŠĹŠ 52Ä“ĹŠ
Ŋ ēŊ 3¢+(! Ŋ #11.5( 1(.2 Ŋ #/ēŊ 4#5#". Ŋ .! $4#13#
c_dkje '+" bk[]e Wb )&É o ,-É" c_[djhWi gk[ fWhW [b Ăˆ]Wbb_jeÉ Z[iYedjÂŒ Gk_bbkfWd]k_$ ;d ejhei h[ikbjWZei" :[# fehj_le Gk[l[Ze Wb[]hÂŒ W ik fWhY_Wb_ZWZ Yed kd \[ij_lWb Z[ ]eb[i o ]WdÂŒ )#& Wb [gk_fe Z[ Cki^kY HkdW" gk_[d[i feh ik fWhj[ ied bei Yeb[hei Z[b Y[hjWc[d$ BWi WdejWY_ed[i fWhW [b Ăˆ]kWYWcWoeÉ be Yedgk_ijWhed 7b[n_i FWbWY_ei" OWc_b Gk[# pWZW" o HW\W[b CWdeiWblWi$ Feh ik fWhj[ [d bW Y_kZWZ Ăˆ8bWdYWÉ" ?XWhhW" [b ?cXWXkhW Z_l_Z_ÂŒ ^edeh[i (#( Wdj[ kd W]k[hh_Ze =h[Y_W" gk[ ]hWY_Wi W ik Z[bWdj[he @^ed 9WhWXWb‡ )-É o -.É [cfWh[`ÂŒ bWi WYY_ed[i$ ;d =kWoWgk_b" [b [b[dYe ĂˆY[c[dj[heÉ Z[ HeYW\k[hj[ h[Wb_pÂŒ kdW Xk[dW WYjkWY_ÂŒd o Z[hhejÂŒ (#& W bW Kd_l[h# i_ZWZ JƒYd_YW Z[ 9ejefWn_" c_[djhWi gk[ :[fehj_le Gk[# l[Ze o [b [gk_fe Z[b ĂˆJ_dÉ" LW# bb[ Z[b 9^ejW [cfWh[`Whed W Zei jWdjei$
ĖŊ -Ŋ$43 .+(23 Ŋ"#Ŋ (5#1Ŋ + 3#Ŋĸ"#1ēĚŊ1#!' 9 Ŋ#+Ŋ#2$_1(!.Ŋ -3#Ŋ+ Ŋ/1#Ĺ 2(¢-Ŋ"#Ŋ4-Ŋ$43 .+(23 Ŋ"#Ŋ+ Ŋ ēŊ 3¢+(!
Ŋ ēŊ 1 -*+(-Ŋ + 2Ŋĸ"ĚŊ/1#3#-"#Ŋ(,/ !3 1Ŋ#+Ŋ#2$_1(!.Ŋ!.-Ŋ .1"#Ŋ#73#1-.ē
(% ĹŠ"#ĹŠ .) ĹŠ (%4 + ĹŠ ĹŠ -"#Äą /#-"(#-3#ĹŠ"#+ĹŠ ++#Ä“ĹŠ 2ĹŠ".2ĹŠ #2!4 "1 2ĹŠ !.,/ 13#-ĹŠ#+ĹŠ +("#1 3.ĹŠ"#+ĹŠ !#13 ,#-Ä“ :[ bW cWde Z[ <hWdab_d IWbWi" B_]W Z[ Be`W [iYWbÂŒ Wb fh_c[h i_j_Wb Z[b 9Wcf[edWje ;YkWjeh_Wde Z[ \‘jXeb" [b fk[ije be YecfWhj[ Yed ?dZ[f[dZ_[dj[ Z[b LWbb[$ BW Ăˆ=WhhW Z[b EieÉ Z[hhejÂŒ Wo[h '#& W :[feh# j_le Gk_je$ ;b fWhj_Ze i[ Z_ifkjÂŒ [d [b ;ijWZ_e H[_dW Z[b 9_id[$ BW kh][dY_W gk[ j[d‡Wd bWi Zei [iYkWZhWi Z[ ]WdWh" Yed# bb[lÂŒ W l_l_h kd fh_c[h j_[cfe WfWi_edWdj[$ Bei Zei [gk_fei XkiYWXWd [b WhYe YedjhWh_e" [b [i# f[YjWZeh" gk[ bb[]ÂŒ [d kd d‘c[# he Yedi_Z[hWXb[" \k[ [b fh_dY_fWb X[d[Ă’ Y_WZe$ B_]W Z[ Be`W Wikc_ÂŒ [b Zec_# d_e Z[b XWbÂŒd" :[fehj_le Gk_je" feh ik fWhj[" [if[hWXW o iWb‡W Yed h|f_Zei YedjhW]ebf[i gk[" [d c|i Z[ kdW eYWi_ÂŒd" bb[lWhed f[b_]he W bei fh[Z_ei Z[b ]eb[he Bk_i <[hdWdZe <[hd|dZ[p$ ;b ĂˆCW]eÉ iWYÂŒ W h[bkY_h ik jWb[d# je \kjXeb‡ij_Ye$ :[ bei Xej_d[i Z[b dWY_Ze [d JWXWYkdZe F_Y^_dY^W [cWdWhed bWi fh_dY_fWb[i `k]WZWi
+ ĹŠ"#ĹŠ/.2(!(.-#2 .1-#.ĹŠ- !(.- +
04(/.ĹŠ 4-3.2ĹŠ -"#/#-"(#-3#ĹŠĹŠ ĉĒŊŊ ÄˆÄ“ĹŠ ĉēŊ Ä“ĹŠ"#ĹŠ .) ĹŠĹŠ ĉĒŊŊ ÄŠÄ“ĹŠ 1!#+.- ĹŠĹŠ ĉđŊŊ ÄŒÄ“ĹŠ ,#+#!ĹŠĹŠ ĉđŊŊ ÄŽÄ“ĹŠ ĹŠĹŠ ĉÄ?ĹŠĹŠ Ä?Ä“ĹŠ Ä“ĹŠ 4#-! ĹŠĹŠ Ä‰ÄŒĹŠ Ä?Ä“ĹŠ Ä“ĹŠ 4(3.ĹŠĹŠ Ä‰ÄˆĹŠĹŠ Ä‘Ä“ĹŠ -3 ĹŠĹŠ ÄˆÄ‘ĹŠĹŠ Ä’Ä“ĹŠ ! 1;ĹŠĹŠ ĈÄ?ĹŠĹŠ ÄˆÄ‡Ä“ĹŠ +ĹŠ !(.- +ĹŠ ĹŠÄˆÄ?ĹŠĹŠ ÄˆÄˆÄ“ĹŠ Ä“ĹŠ -(5#12(3 1(.ĹŠĹŠ ÄˆÄ‰ĹŠ ÄˆÄ‰Ä“ĹŠ +,#".ĹŠĹŠ Ä‘ĹŠĹŠ
śĒ śĎ Ĺ›ÄˆÄŒ Ĺ›ÄˆÄ‡ Ĺ›ÄˆÄ‰ ĹŠÄąÄŒ śĒ ÄąÄˆ ÄąÄ? ÄąÄˆÄ‰ ĹŠÄąÄˆÄ‡ ĹĉĎ
Z[ f[b_]he Z[b [gk_fe ikh[‹e$ Be c[`eh i[ ][d[hWh‡W [d bei ‘bj_cei c_dkjei Z[b fh_c[h [f_ieZ_e$ ;d [b c_dkje *)" IWbWi Yed kd ]ebf[ Z[ ][d_e" [b[lÂŒ [b _di# jhkc[dje [d Z_h[YY_ÂŒd Z[ <WX_e H[dWje" gk_[d" ZWdZe Y|j[ZhW Z[ Xk[d YWX[Y[e" Yed[YjÂŒ [b [i# \ƒh_Ye$ Ik h[cWj[ _cfWYjÂŒ [d [b ^eh_pedjWb$ BW YWXW‹W Z[ 7Zh_|d 8ed[" Whgk[he Z[ bW Ăˆ7A:É" i[ lebl[h‡W W iWblWh kd c_dkje c|i jWhZ[$ IWbWi h[cWjÂŒ Yed XehZ[ [nj[hde" [b XWbÂŒd lebl_ÂŒ W [ijh[bbWhi[ [d [b ^eh_pedjWb" Wdj[ [b Z[b_h_e Z[ bW ][dj[ gk[ i[ Yedj[d‡W Z[ ]h_jWh bW fh_c[hW Yedgk_ijW$ >WijW gk[ jkle gk[ ZWhi[ [b ]eb$ 9kWdZe [nf_hWXW bW [jWfW _d_# Y_Wb bb[]Wh‡W [b jWdje Z[ bW Wb[]h‡W fWhW bW fWhY_Wb_ZWZ ĂˆWbXWÉ$ IWbWi i[ [iYWfÂŒ feh _pgk_[hZW" Wb _dj[d# jWh [djh[]Wh [b fWi[ i[ jefÂŒ Yed bW [bWij_Y_ZWZ Z[ 8ed[" gk_[d ejeh]ÂŒ kd h[Xej[ gk[ \k[ X_[d Wfhel[Y^W#
Ĉ ć
ĹŠ ĹŠ
Ä“ĹŠ
31.2ĹŠ1#24+3 ".2 _!(, ĹŠ2#73 ĹŠ$#!' Ä“ĹŠ 4#-! ĹŠ -"#/#-"(#-3#ĹŠ 1!#+.- ĹŠ +ĹŠ !(.- +ĹŠ
ćŊ ÄŠĹŠ ÄŒĹŠ ÄˆĹŠ
ĹŠ +,#".ĹŠ ! 1;ĹŠ -3 ĹŠ
ć ć Ĉ Ĉ
(_1!.+#2ŊĉĊŊ"#Ŋ, 8. _!(, Ŋ.!3 5 Ŋ$#!' ēŊ 4#-! Ŋ ,#+#!Ŋ ēŊ -(5#12(3 1(.Ŋ ēŊ"#Ŋ .) Ŋ +Ŋ !(.- +Ŋ -"#/#-"(#-3#Ŋ
52ĹŠ 52ĹŠ 52ĹŠ 52ĹŠ 52ĹŠ 52ĹŠ
-3
Ä“ĹŠ 4(3. +,#". ! 1; 1!#+.-
Ze feh [b ]hWZkWZe [d [b 9eb[]_e >[hcWde C_]k[b BW IWbb[ Gk_je " CWhYe HeX[hje Ceigk[hW$ ;b i[]kdZe j_[cfe YWh[Y[h‡W Z[ bW [cej_l_ZWZ gk[ i‡ jkl_[hed bei fh_c[hei *+ c_dkjei$ FWkb Lƒb[p" :J Z[ bW ĂˆKÉ" fh[Ă’ h_ÂŒ i[h c|i Yedi[hlWZeH" iki Z_h_]_Zei Yk_ZWXWd bW l[djW`W WZgk_h_ZW$ Feh ik fWhj[" bW [iYkWZhW Z[b [i# jhWj[]W _dj[h_de" @kWd 9Whbei =W# hWo" XkiYWXW bW i[dZW fWhW bb[]Wh Yed f[b_]hei_ZWZ W bW fk[hjW Z[ <[hd|dZ[p$ BW c_i_ÂŒd ĂˆWpkb]hW# dWÉ de i[ fkie Yh_ijWb_pWh$
ļ ., (++.ČŊ 1(++¢Ŋ#-Ŋ#+Ŋ 4-%41 '4
Kd i[]kdZe j_[cfe Xh_bbWdj[ Ăˆ9Wc[bbeÉ =ÂŒc[p" Z[Ă’ d_ÂŒ [d bW cW" Yed[YjÂŒ Z[ YWX[pW kd Y[djhe jkle [b 9bkX Ifehj ;c[b[Y Wo[h fk[hjW Z[ ;ij[XWd :h[[h" gk_[d Z[ <h[dWdZe =W_Xeh" Z[ [ijW cW# d[hW bei ĂˆWpkb[iÉ fed‡Wd [b lebl[h‡W W l[h YW[h [d [b ;ijWZ_e 8[bbWl_ijW Z[ ik fÂŒhj_Ye [d [b ĹŠ Z[iYk[dje o ]WdWXWd [d 7cXWje$ Bei Ăˆ[bƒYjh_YeiÉ ĹŠ YedĂ’ WdpW$ c_dkje ++ [jWfW h[cedjWhed kd h[ikbjWZe Kd h[cWj[ Z[ c[Z_W Z[ Yecfb[c[dje $ gk[ b[i [hW WZl[hie (#& $ +.ĹŠ + !(.2ĹŠ Z_ijWdY_W [`[YkjWZe feh 7b[n 9ebÂŒd Wcfb_ÂŒ 9ed Zei jWdjei Z[ FWbWY_ei _!-(!.ĹŠ , 1! ĹŠ242ĹŠ".2ĹŠ -(5#12(3 1(.ĹŠ o kde Z[ <_]k[heW" Wb Ă’ dWb" ++#5 ĹŠ.!'.ĹŠ$#!' 2ĹŠ bWi Y_\hWi fWhW bei /1(,#1.2ĹŠ%.+#2ĹŠ BkY_Wde <_]k[heW Z[Yh[jÂŒ !.-ĹŠ+ ĹŠ#+;23(! ĹŠ 2(-ĹŠ% - 1ĹŠ!.-ĹŠ bW fWh_ZWZ [d [b c_dkje -*" ]kWojWcXei$ [b jh_kd\e b[i iedh_ÂŒ$ "#+ĹŠÄĽ5 +#3ÄŚÄ“ĹŠĹŠ 2#(2ĹŠ"#11.3 2ĹŠ8ĹŠ i_d [cXWh]e bW Wb[]h‡W fb[# ;c[b[Y dkdYW ;d [b \_dWb Z[b fh_c[h ".2ĹŠ#,/ 3#2Ä“ĹŠĹŠ dW" fWhW bei Ăˆc_bbedWh_eiÉ" YbWkZ_YÂŒ$ ;b fh[# j_[cfe [b cWhYWZeh b[ [hW \WlehWXb[ Wb ĂˆHeZ_bbeÉ$ Bk_i IWd# c_e be eXjkle Wb Ă’ dWb Z[b fWhj_Ze$ bb[]ÂŒ W i[_i c_dkjei fWhW gk[ jWdW" Wdj[ kd [nY[bie fWi[ Z[b FWXbe FWbWY_ei" W lk[be Z[ fWbe# Ă’ dWb_Y[ [b fWhj_Ze$ Kd \h[djWpe
^ ĹŠ Ä“ĹŠ
ć Ċ
ēŊ 4!( -.Ŋ (%4#1. Ŋĸ 94+ĚĔŊ!.-Ŋ4-Ŋ#+#% -3#Ŋ1#, 3#ĔŊ, 1!¢Ŋ+ Ŋ2#%4-" Ŋ"#Ŋ +.2Ŋļ,(++.- 1(.2Čē
Y[hj[he Z[b Ăˆ9WX[pÂŒdÉ FWXbe FWbW# Ăˆ8ecX_bbeÉ gk[ i[ kX_YW [d i_j_W# Y_ei i_]d_Ă’ YÂŒ jh[i fkdjei fWhW [b b[i [ij[bWh[i Z[ bW jWXbW$
- &
& . & &
3!& 1 $ +'*' 1 1# !-,%0#% 0-, #, #* + *#!A, "# 3# 4#"- . 0 $-2-%0 : 01# !-,
* 1 + (#123-1 1 - 0 1 -1
3',"#1 .3#"#, 1#0 "+'0 "-1 2 + '>, #, * * 8 ?4'!
7 #, #* . 0/3# #,20 *
* /3#
+=1 +#
%312 #1
#* "# * 4'"
.-0/3# "# +3#120 !-+- , !#, *-1
# >1 "#+=1 2'#,#,
+3!&-1 !-*-0#1
#1 "'0>
+'1 +'%-1 /3# 4#,% ,
4'1'2 0
3.# /3# * +'1+
#6.-1'!'A, * &'!'# 0-, #, 3'2- 7 #, #*
+ *#!A, "# 3 7 /3'*
!3 ,"- 4' /3'1# 4' ( 0 . 0
4#0*-1 &-0 4#0 #12- #,
3#4#"- #1 $ 3*-1- 9 #
#,! ,2A 12# #1 #* *3% 0
.0-.' "- #* + *#!A, "#
3#4#"- #1 !>,20'!- 7 2- " 1 * 1 .#01-, 1 4'1'2 ,;
12= +37
*',"-
2-"-
#12- 1 !-+-
1# 4'- #, 3' 2- &-0 &# 4#,'"- !-,
+'1 &'(-1 7 +' 1#@-0 7
#12 +-1 #,! ,2 "-1;
<
1 *%-
+37 *', "- /3#
,- 1# 4# 2-"-1
*-1 "? 1 1
3#,- /3# * +3,'!'. *' " " 1'% 20 7#,"- #12-1
#4#,2-1 . 0 "'1$032 0 #,
$ +'*' ;
12-7
- 1#0 4 ,"-
2-"- 7 1# 4#
+37 -,'2-
# #,! ,2 , *-1 !-*-0#1
7 #* "'1#@- -"-1 #12=,
�+-1-1; <
9 "1 #'(#"1 $% 2*92(#- ", "+(*- 1%08, "*%,2"$"1 .-0 3, &03.- $% "7#(-,"$-1 /3% 4(")"08, " 3(2-
+. (
% 4 >
7
* )&(+
/" )"0" "* (
,"(" ,+. 1*
1,+ /")&/
!" (
&$
" % 5* ( > *
-*(1%- ($"*&
-*(1%- $% "#'"*"
ÂśGkƒ Ă’dWb Z[ [jWfW 9kWjhe Ybk# X[i Z_ifkjWd bei jh[i Ykfei h[i# jWdj[i [d bWi i[c_Ă’dWb[i Z[ bW B_]W ;YkWjeh_WdW Z[ 8WbedY[ije$ IWd 9Wc_be#Gk[l[Ze i[ c[# j_ÂŒ [d bW f[b[W Z[ifkƒi Z[ bW Yed# jkdZ[dj[ l_Yjeh_W [d ik Yeb_i[e$ ;b l_[hd[i feh bW deY^[ Z[hhejÂŒ .,#++ W Eh[di[ I$9" gk[ ^WY[ Zei \[Y^Wi [hW [b fkdj[he Z[b jeh# d[e o gk[ W^ehW l[ Yecfb_YWZWi iki Wif_hWY_ed[i Z[ fWiWh W bW i_]k_[dj[ \Wi[$ 9ed '* fkdjei" [b gk_dj[je ĂˆXWdWd[h_jeÉ h[Y_X_h| [b cWhj[i Wb Yeb_ijW Z[b Y[hjWc[d Khk]kWo#
! IWZWpJ[Wc" gk[ j_[d[ '' o bb[]W i_d fei_X_b_ZWZ[i$ ;b gk_dj[je Z_h_]_Ze feh [b YkXWde HeX[h# je ?d\Wdj[ j_[d[ bW eXb_]WY_ÂŒd Z[ ikcWh kd dk[le jh_kd\e fWhW de Z[f[dZ[h Z[ ejhei h[ikbjWZei$ C_[djhWi gk[ bWi ĂˆĂ“kc_d[di[iÉ" Yed ') fkdjei" l_i_jWh|d W IWdjW CWh‡W#KI<G gk[ ikcW '* kd_# ZWZ[i$ ;b gk[ ]Wd[ [d [ij[ Zk[be" Wi[]khWh| ik fWiWfehj[ W bW i_# ]k_[dj[ \Wi[$
&$ ")"*&* !" ;/-1"0 ( !" ,+/& &+*"/
"4-02 0%,1% ",2" "0:" 2*92(#- ", "+(*- 03&3"5 "$"6 %"+
l[Z[‹e1 h[]h[iWdZe [iei ckY^W# Y^ei" Z[\hWkZWZei W IkYkcX‡ei$ Bk[]e Z[ feYe j_[cfe" F[Zhe FWXbe F[hbWpW" lebl_ÂŒ W i[h [b [djh[dWZeh d[Y_e" [ _djhWdi_][dj[" ^WXbÂŒ Yed iki Wc_]ei" <[hdWdZe 7 8WbZ[ÂŒd o :hW]Wd C_hWdel_Ya" gk[ [ijWXWd ^[Y^e YWh]e Z[ ;b DW# 7djed_e LWb[dY_W" W Yec_[dpei Y_edWb Z[ Gk_je$ O be]hÂŒ ^WY[hbe Z[b W‹e (&&'" o j[d_[dZe iki ', W‹ei Z[ [ZWZ" \k[ jhW‡Ze Yed`kdjW# _dYehfehWh W jWb [gk_fe" o feh Wbb‡ c[dj[ Yed ejhei `k]WZeh[i" Z[iZ[ 7djed_e" be]hWh [b ]hWd iWbje Wb bW fhel_dY_W Z[ IkYkcX‡ei" feh [b \‘jXeb Z[ ?d]bWj[hhW" o [dhebWhi[ Fhe\$ F[Zhe FWXbe F[hbWpW" [n`k]W# [d [b CWdY^[ij[h Kd_j[Z1 Z_Y[ bW ^_ijeh_W gk[ \k[ kde Z[ bei WYjeh[i Zeh Z[b :[fehj_le Gk[l[Ze1 gk[ Z[b fWhj_Ze c|i _cfehjWdj[ Z[b Yece [djh[dWZeh be ^WX‡W j[d_Ze Z[ Wbkcde" Z[iZ[ bei '' W‹ei1 f[he ckdZe" fehgk[ i[ `k]WXW bW Ă’dWb Z[ bW 9^Wcf_edi" [djh[ CWdY^[i# W Z[Y_h l[hZWZ [b Yk[hfe jƒYd_Ye j[h Kd_j[Z o 8WhY[bedW Z[ ;ifW‹W" Z[b Gk[l[Ze o iki Z_h_][dj[i" de fWhj_Ze gk[ i[ Ykcfb_ÂŒ [b (. Z[ bei [dhebWhed [d [i[ fbWdj[b1 [d ejhWi fWbWXhWi [b fh[i_Z[dj[ @eh][ cWoe Z[b W‹e (&''" [d [b [ijWZ_e FWbWZ_d[i" o [b jƒYd_Ye$ :[ decXh[ Z[ M[cXb[o [d BedZh[i" \k[ kd [dYk[djhe gk[ [djhÂŒ [d bW ^_ijeh_W C_]k[b 7h_Wi" de b[ Z_[hed bW Z[b \‘jXeb [YkWjeh_Wde" fehgk[ efehjkd_ZWZ Z[ [dhebWhbe W 7d# jed_e [d [b Gk[l[Ze1 cko W f[iWh `k]ÂŒ kd \kjXeb_ijW dWY_Ze [d [ij[ fW‡i1 bWc[djWXb[c[dj[ CWdY^[i# gk[ Æ;b Je‹eÇ Z[ceijhWXW [d bei j[h f[hZ_ÂŒ ) W '$ :[ Wbb‡ 7djed_e" [djh[dWc_[djei Z[b Gk[l[Ze" [d ^W [ijWZe [d bW c[dj[ Z[ bei bW YWdY^W Z[b [ijWZ_e - Z[ EYjk# Xh[" gk[ W [iW [ZWZ" oW [hW kd ]hWd ^_dY^Wi Z[b ckdZe$ De feZ[cei \kjXeb_ijW1 f[he bWc[djWXb[c[dj[ WY[fjWh gk[ [ij[ `k]WZeh" de jkle YWX_ZW [d [b Gk[l[Ze (&&'$ de \k[ [dhebWZe [d [b [gk_fe gk[#
$ % 00$ 0-, *
"' ,"$ #$ & , 0
3$4$#- 5
#$* '-2 ,-
.3#($0-, & , 0 .$1$ * 1
-.-023,(# #$1
9
$"'
5 #$ + 5 8/(5&3
*6&2 ,"4& ",,& %&, )/4" 2&$*" 30/,*
53)5$ 5."
ŊěŊ Feh j[hY[hW l[p Yed# i[Ykj_lW [b [gk_fe ‡Zebe Z[ Bei H‡ei f[hZ_ÂŒ [d fkdjei YedZ_Y_ÂŒd Z[ beYWb Z[X_Ze W bei [cfWj[i$ ;b cWb[ijWh de i[ dejÂŒ iebW# c[dj[ [d bei `k]WZeh[i he`_Wpk# b[i" i_de jWcX_ƒd [d bW ^_dY^WZW gk[ Z[ceijhÂŒ ik _dYed\ehc_ZWZ feh bW cWd[hW YÂŒce [b [gk_fe Y[Z[ fkdjei l_jWb[i gk[ b[ i_]d_# Ă’YWd de WfeZ[hWhi[ Z[b fh_c[h bk]Wh Z[ bW jWXbW Z[ fei_Y_ed[i$ >WijW [b cec[dje bb[lW i_[j[ [cfWj[i0 jh[i Z[ [bbei [d i[]k_Z_# bbW1 [d jejWb jh[i [d YWiW o YkWjhe Yece l_i_jWdj[$ 7o[h bW Y^WdY[ Z[ ]WdWh [ijk# le fWhW WcXei [gk_fei$ LWbb[ Z[b 9^ejW i[ fkie [d l[djW`W W bei + c_dkjei Z[ `k[]e Yed ]eb Z[ @[# Ăľ[hied 9ed]e1 [b ^|X_b Z[bWdj[he h[Y[fjÂŒ kd fWi[ Z[ bW Ă’]khW Z[b Yed`kdje Y^ej[‹e" :_[]e 8[jWd# Yekhj" fWhW [d c[Z_e Z[ bW pW]W" WYeceZWhi[ o iWYWh [b h[cWj[ gk[ l[dY_ÂŒ j[cfhWd[hWc[dj[ bW h[i_ij[dY_W Z[ 9WhWXWb‡$ Bei beYWb[i fkZ_[hed [cfW# h[`Wh [b cWhYWZeh W bei '&É" f[he @edWj^Wd JheoW de Wj_dÂŒ [d [b YW# X[pWpe gk[ h[Y[fjÂŒ Z[ kd j_he Z[ [igk_dW$ C|i jWhZ[ bb[]Whed bei ]eb[i Z[b jh_kd\e jhWdi_jeh_e$ ;b Z[bWdj[he fWhW]kWoe Bk_i ;if‡# debW \k[ [b Wkjeh Z[ bei ]eb[i$ ;b fh_c[he be WdejÂŒ Z[ YWX[pW jhWi kd Y[djhe Z[b bWj[hWb Z[h[Y^e A[# l_d 9^ƒhh[p '-É " [b i[]kdZe \k[ kd ]ebWpe Z[ j_he b_Xh[ É(+ $ FWhW bW [jWfW Z[ Yecfb[c[dje [b Yed`kdje l_i_jWdj[ de XW`ÂŒ bei XhWpei o Yedj_dkÂŒ WjWYWdZe Wb cWdZe Z[ 8[jWdYekhj$ 7i‡" YkWd# Ze c[`eh i[ l[‡Wd bei Z[b [gk_fe Zk[‹e Z[ YWiW" bb[]ÂŒ [b ]eb Z[b
41 41 41 41 41 41
-#"#52" &22/6*"2*/3 "4=,*$" 5&6&%/ /$"'5&24&
[cfWj[$ HkXƒd :[b]WZe fkie ik Ă’hcW [d [b (#($ F[he Z[ifkƒi \k[ [b c_ice HkXƒd :[b]WZe" gk_[d `kdje W <ƒb_n :[b]WZe i[ f[hZ_[# hed Zei YbWhWi Y^WdY[i Z[ ]eb" iebei [d [b cWde W cWde Yed [b Whgk[he >ƒYjeh 9WhWXWb‡$ Bei c_dkjei i_]k_[dj[i \k[# hed Z[ Z[i[if[hWY_ÂŒd [d WcXei XWdZei feh WdejWh [b jWdje Z[ bW l_Yjeh_W" Z[ \WbbWi _dYh[‡Xb[i [d bW [ijeYWZW Ă’dWb o fWi[i [hh|j_Yei gk[ de YedZk`[hed dkdYW W bW hkjW Z[ bW l_Yjeh_W$
5*3 30;./," &. &, *.34".4& 15& $"#&$&" 0"2" "./4"2 &, (/, %&, &-0"4&
20-1 0$13*2 #-1
806-LG
BW \[Y^W WhhWdYÂŒ [b i|XWZe Yed YkWjhe fWhj_Zei$ ?cXWXkhW [c# fWjÂŒ (#( Yed =h[Y_W" HeYW\k[hj[ i[ _cfkie (#& W KJ9" <[hhel_W# h_ei ]eb[ÂŒ )#' W ;ifeb_" Wb _]kWb gk[ :[fehj_le 7pe]k[i iWYÂŒ kdW Xk[dW l[djW`W Yed [b )#& ieXh[ Cki^kY HkdW$ C_[djhWi" Wo[h bW Kd_l[hi_ZWZ 9WjÂŒb_YW de fkie Yed H_l[h FbWj[ [d ik fhef_e h[# ZkYje" [b cWhYWZeh Ă’dWb \k[ '#'$
&," &, 02*-&2 (/, +5.4/ " 353 $/-0"<&2/3
$0($
!* #$ .-1("(-,$1
8 &22/6*"2*/3 8 "4=,*$" 8 5&6&%/ 8 8 8/(5&3 8 /$"'5&24& 8 -#"#52" 8 2&$*" 8 30/,* 8 ",,& %&, )/4" 8 *6&2 ,"4& 8 53)5$ 5."
874-JS
! ) + %! &
+) * - *!&% * &%
* ) * !-!%&*
% ! (, !&* #&
* & ! & BWXhWdZe YWZW cW‹WdW bW j_[hhW fWhW [d bW jWhZ[ Yec[dpWh W fh[Z_YWh bW fWbWXhW Z[ :_ei" [i bW cWd[hW Yece i[ Z[i[cf[‹W jeZei bei Z‡Wi Z[ bW i[cWdW L_Y[dj[ BÂŒf[p DWhl|[p" `kdje W ik [ifeiW CWh‡W 8hWle" WcXei ^WX_jWdj[i Z[b YWdjÂŒd Gk_diWbecW$ ;ij[ ^kc_bZ[ W]h_Ykbjeh" Ye# c[djW gk[ Wdj[i Z[ [cf[pWh W fh[Z_YWh bW fWbWXhW Z[ :_ei" ik _d\WdY_W \k[ cko ik\h_ZW fehgk[ i[ Wb[`ÂŒ Z[ ik YWiW W bei * W‹ei Z[ [ZWZ o fWiÂŒ feh c‘bj_fb[i [d\[h# c[ZWZ[i [d bW `kl[djkZ" [d bWi gk[ ckY^Wi l[Y[i h[Y_X_ÂŒ dej_# Y_Wi Z[ bei cƒZ_Yei _d\ehc|dZe# b[ gk[ j[d‡W Y|dY[h$ ;b fh_c[h cec[dje [d gk[ :_ei [cf_[pW W eXhWh [d bW l_ZW Z[ [ij[ ^kc_bZ[ YWcf[i_de" [i YkWdZe [d [b W‹e (&&, ik\h[ kdW cehZ[ZkhW Z[ Ykb[XhW gk[ be Z[`e ck[hje jh[i ^ehWi$ <k[hed _dijWdj[i [d bei gk[ [b `ehdWb[he fkZe j[d[h ik fh_c[h [dYk[d# jhe Z_l_de" YkWdZe [d c[Z_e Z[b \Wbb[Y_c_[dje bb[]ÂŒ W kdW _]b[i_W X_[d _bkc_dWZW Z[ Yebeh XbWdYe" bW YkWb [ijWXW ^WX_jWZW feh kd |d][b o [ij[ b[ [di[‹e bW X[dZ_jW fWbWXhW gk[ [ij| [d bW 8_Xb_W$ :[ifkƒi Z[ gk[ BÂŒf[p h[]h[iÂŒ Z[ bW ck[hj[" i[‹WbÂŒ gk[ [d [iei Z‡Wi [b |d][b b[ ^WX‡W Z_Y^e gk[ b[ bb[]Wh‡Wd fhefÂŒi_jei Z[ fWhj[ Z[ :_ei" \k[ [djedY[i gk[ kd Z‡W gk[ [ijWXW i[djWZe [d ik YWiW" [d [b Y_[be i[ b[ \ehcÂŒ kdW Ă’bW Z[ dkX[i XbWdYWi" ZedZ[ WĂ’hcW gk[ [b i[‹eh @[i‘i" b[ Z_Xk`ÂŒ bWi i_]k_[dj[i b[jhWi" bW L$;$7$=" [ijW WfWh_Y_ÂŒd i[ Z_e [d [b W‹e (&&/ [d ^ehWi Z[ bW jWhZ[$
Ŋ ěŊ
# !% "$ " & ( #% $
;b ^kc_bZ[ YWcf[i_de" [n# fb_YÂŒ [b i_]d_\_YWZe Z[ bWi b[# jhWi i[]‘d [b cWdZWje gk[ b[ Z_e :_ei" bW L [di[‹W gk[ ^W Z[ ĂˆL[d_hÉ" bW ; Z_Y[ Ăˆ;iYWi[iÉ" bW 7 b[ _dZ_YÂŒ [b i[‹eh gk[ [i Ăˆ>Wc# XhkdWÉ o bW = i_]d_Ă’YW Ăˆ=k[hhWÉ" #$ $ # !% #$ # $ ' # % * $ # $" # # + " $* " h[\_h_ÂŒ gk[ [ijWi ied ÂŒhZ[d[i [ijh_YjWc[dj[ Z_l_dWi$ XhWi Z[ [ij[ i[h Y[b[ij_Wb" Z_`e [b YWcf[i_de BÂŒf[p$ ;b ^kc_bZ[ `ehdWb[he" Yec[d# % , %+)& !-!%& KdW l[p gk[ b[ WfWh[Y_[hed Z_# jÂŒ gk[ ƒb gk_ie Z[if[hjWh W ik [i# Y^Wi b[jhWi" [b `ehdWb[he BÂŒf[p" feiW [d [i[ cec[dje" f[he [ij[ _dZ_YÂŒ gk[ jkle ejhe [dYk[djhe i[h Z[ be Wbje b[ Z_`e gk[ de o b[ Yed i[h[i Z[b Wbj‡i_ce" [ije i[ cWd_\[ijÂŒ gk[ ƒb j[d‡W gk[ ^WY[h Z_e W bWi * Z[ bW cW‹WdW [b Z‡W (, jeZe be gk[ b[ ^WX‡W [d Yec[dZW# Z[ [d[he Z[b W‹e (&&/" _dijWd# Ze [b |d][b Z[b i[‹eh" [b YkWb i[ b[ j[i [d gk[ b[ WfWh[Y_[hed [d [b ^WX‡W WfWh[Y_Ze j_[cfe Wjh|i$ jkcXWZe Z[ ik YWiW" kd ^ecXh[ l[ij_Ze Z[ XbWdYe Yed kdW XWhXW +) ' )! !6% !-!% ]hWdZ[ gk[ b[ h[ifbWdZ[Y‡W o ik ;ijW b[ ikY[Z[ W Zed L_Y[dj[ BÂŒ# YWX[bbe b[ bb[]WXW ^WijW bW c_jWZ f[p" YkWdZe kd i|XWZe - Z[ WXh_b Z[ ik Yk[hfe$ Z[b (&'(" i[ Z[if_[hjW feh bW cW# #$ # "& #% # ' & # " !% # "# # ;ij[ kdW l[p gk[ [ijWXW i[d# ‹WdW Yed [b YWYWh[Wh Z[ bWi ]Wbb_# % " * ' # # # " # jWZe eXi[hl|dZebe" bbWcÂŒ W bei dWi o `kdje W ik [ifeiW Yec[d# WfÂŒijeb[i F[Zhe" @kWd" IWdj_W]e" jWhed W [iW ^ehW gk[ Wb]e feZh‡W [b Xebi_bbe Z[ ik fWdjWbÂŒd" gk[ ]Wd jh[i ck`[h[i YedeY_ZWi Z[b I_cÂŒd" 7dZhƒi o FWXbe" Z_Y_[d# fWiWh [d [b jhWo[Yje Z[ [i[ Z‡W$ Wb]k_[d be jecÂŒ Z[b Yk[hfe o be fk[Xbe" f_Z_ƒdZeb[ gk[ b[i l[d# Ze Æl[d]Wd W l[h [ij[ ^ecXh[ <k[hed _dijWdj[i [d gk[ i[ `WbÂŒ$ ;d [i[ _dj[hlWbe b[ [djhÂŒ kd ZW kdWi dWhWd`Wi gk[ ƒb j_[d[ [d gk[ oe WZc_he gk[ jeZWl‡W bWXhW WY[hYÂŒ bW jWhZ[ o ik [ifeiW be Z[ieXb_]e Z[ de Wi_ij_h ZedZ[ ik ik Ă’dYW$ ;i ZedZ[ i[ Z_h_][ Yed [ijWi i[‹ehWi ^WY_W [b |hXeb o kd bW j_[hhW o Z[b YkWb [b i[‹eh :_ei cWdZW W YecfhWh kd Whhep fWhW ck`[h be ^WX‡W [dl_WZe$ ^_pe kdW ]hWd ^_ijeh_W fWhW [b ^WY[h [b Wbck[hpe o [b i_dj_ÂŒ Wb :[ifkƒi Z[ gk[ b[ ikY[Z[ [ije" \k[hj[ W]kWY[he b[i YW[ [d [b ce# ckdZe [dj[heÇ" \k[hed bWi fWbW# cec[dje Z[ Ye][h [b Z_d[he [d W bei i[_i c_dkjei" W ik YWiW bb[# c[dje gk[ Ye]‡Wd bWi \hkjWi$ 7bh[Z[Zeh Z[ feYWi ^ehWi gk[ i[ YWbcÂŒ bW bbkl_W" :ed BÂŒf[p o bWi i[‹ehWi" i[ gk[ZWhed ieh# fh[dZ_Zei Wb l[h gk[ kd WhYe _h_i b[i WfWh[Y[ o be YkXh[ Wb YWcf[# i_de heZ[|dZebe [d \ehcW Z[ ĂˆEÉ$ :edZ[ [b Z‡W c_ƒhYeb[i '' Z[ WXh_b Z[b W‹e (&'(" kd |d][b b[ h[l[bW [d ik YWiW" Z_Y_ƒdZeb[ gk[ [i[ Z‡W [b [if‡h_jk iWdje ^WX‡W Z[iY[dZ_Ze Z[b Y_[be [d \ehcW Z[ WhYe _h_i ieXh[ bW ^kcWd_ZWZ Z[b YWcf[i_de BÂŒf[p" o bWi jh[i ck# `[h[i gk[ be WYecfW‹WXWd i_]d_# Ă’YWXWd bei j[ij_]ei Ă’[b[i Yece [d bW ƒfeYW gk[ @[i‘i" f[hZedÂŒ W CWh‡W CW]ZWb[dW$ &)+ # ! &
;b ^kc_bZ[ YWcf[i_de" cWd_# \[ijŒ gk[ :_ei be ^W \ehjWb[Y_Ze W^ehW W jhWlƒi Z[ ik [if‡h_jk fWhW gk[ ƒb fk[ZW fh[Z_YWh ik iWdjW fWbWXhW" [ _dl_j[ W jeZW bW ^kcW# d_ZWZ Wb Whh[f[dj_c_[dje Z[ iki f[YWZei o i[Wd f[hZedWZei feh bW ]hWY_W Z_l_dW Z[b i[h ikfh[ce$
,$",%& %*+/ 15& 3& $5-0,*2@ $/. ,"3 /#2"3 /'2&$* %"3 0"2" &, #*&. &34"2 %& 35 (&.4&
ŊěŊ ;d [b WkZ_jÂŒh_kc Z[b 9k[hfe Z[ 8ecX[hei i[ [\[YjkÂŒ kdW i[i_ÂŒd Z[ jhWXW`e [djh[ [b Wb# YWbZ[ @kWd 9Whbei JheoW" 9ƒiWh B_jWhZe" Z_h[Yjeh Z[ bW pedW dehj[ Z[b =eX_[hde Fhel_dY_Wb Z[ Bei H‡ei" Z_h_][dj[i o h[fh[i[djWdj[i Z[ bei i[Yjeh[i khXWdei o hkhWb[i Z[ jeZe [b YWdjÂŒd$ ;d ik _dj[hl[dY_ÂŒd" [b 7bYWb# Z[ ^_pe kd h[Yk[dje Z[ bW fh_d# Y_fWb[i eXhWi Z[ [ij[ W‹e gk[ i[ [`[YkjWd [d jeZei bei i[Yjeh[i Z[ LWb[dY_W" ^WXbÂŒ jWcX_ƒd Z[ bWi fhÂŒn_cWi eXhWi gk[ i[ [cfh[d# Z[h|d Yed [b Wfehj[ Z[ =eX_[hde Fhel_dY_Wb" [d [b j[cW Z[ l_Wb_# ZWZ" iWbkZ" [b[Yjh_Ă’YWY_ÂŒd" eXhWi ieY_Wb[i" [c[h][dj[i" [ZkYWY_ÂŒd" Z[fehj[i" [djh[ ejhWi$ JheoW _dZ_YÂŒ gk[ [d [ij[ W‹e i[ ^Wh| h[Wb_ZWZ [b Wi\WbjWZe Z[ jeZW bW Wl[d_ZW ') Z[ :_Y_[cXh[" Z_`e gk[ i[ fheY[Z[h| W h[Wb_pWh jeZei bei jhWXW`ei Yecfb[c[djW# h_ei fWhW [b \kdY_edWc_[dje Z[b WbYWdjWh_bbWZe iWd_jWh_e Z[ LW# b[dY_W" feh be c[dei [d kd .& $
$
&$&3*4" -".4&.*-*&.4/
<
ĹŠ ŊěŊ;b FWhgk[ ?d# \Wdj_b Z[ bW fWhhegk_W BW ;i# f[hWdpW" d[Y[i_jW c|i `k[]ei _d\Wdj_b[i$ ;b bk]Wh jWcX_ƒd h[gk_[h[ b_cf_[pW o f_djWZW Z[ bei feYei `k[]ei [n_ij[d# j[i [d [b bk]Wh fWhW bW h[Yh[W# Y_ÂŒd Z[ bei d_‹ei$
-5 8<- 36: .<5+165)916: :- 9-<51-965 +65 36: ,191/-5;-: ,-3 :-+;69 <9*)56 ? 9<9)3
le Yeb_i[e$ JWcX_ƒd W]h[]Œ gk[ i[ [i# j|d Yedijhko[dZe [ijei [iY[# dWh_ei Z[fehj_lei [d bWi fWhhe# gk_Wi KhXWdWi BW Kd_Œd o BW Dk[lW Kd_Œd$ :[ bW c_icW cWd[hW WdkdY_Œ gk[ i[ ^Wh| kd [ijkZ_e fWhW Z[# j[hc_dWh bW YWb_ZWZ Z[b W]kW gk[ i[ jecW [d [b YWdjŒd" fWhW Xki# YWh bei Yehh[Yj_lei [d YWie Z[ i[h d[Y[iWh_e$ 9eckd_YŒ WY[hYW Z[ bei jhWXW`ei Yehh[ifedZ_[dj[i W bW i[]kdZW [jWfW Z[b Feb_Z[feh# j_le Z[ LWb[dY_W$ 9ƒiWh B_jWhZe Z[ijWYŒ jeZe [b +&$54". /#2"3 7i_c_ice h[iWbjŒ gk[ i[ ^Wd _d_# jhWXW`e gk[ [d Yedl[d_e Yed [b Y_WZe bei jhWXW`ei fWhW bW Yedi# =eX_[hde Ckd_Y_fWb i[ ^W h[Wb_# jhkYY_Œd Z[ bW Y_Ybel‡W [d [b i[Y# pWZe [d [b YWdjŒd LWb[dY_W o gk[ jeh Z[ bW Bk_i <[bf[ :‡Wp" [nfb_Ye ^W f[hc_j_Ze iebkY_edWh ]hWl[i gk[ [d [i[ c_ice i[Yjeh i[ [ij|d fheXb[cWi gk[ h[gk[h‡Wd Z[ kh# Ykbc_dWdZe bei jhWXW`ei Z[b dk[# ][dj[ Wj[dY_Œd [d jeZei bei YWc#
fei" cWd_\[ijÂŒ gk[ [b fhÂŒn_ce cWhj[i (( Z[ cWoe" [b Fh[\[Yje [ijWh| fh[i[dj[ [d [b 9eb_i[e <bk# c_d[di[ fWhW bW [djh[]W Z[ jeZei bei cWj[h_Wb[i fWhW [`[YkY_ÂŒd Z[ '' fheo[Yjei [bƒYjh_Yei [d lWh_ei i[Yjeh[i Z[ LWb[dY_W$ 7i‡ c_ice WdkdY_ÂŒ [b h[XW# Y^[e Z[ bW l‡W BW ;if[hWdpW Ă„ ;b L[h][b" gk[ ^W Yec[dpWZe W Z[# j[h_ehWhi[$ :[ bW c_icW cWd[hW ^WXbÂŒ ieXh[ bW YecfhW Z[ bei h[# l[bWZeh[i fWhW [b \kdY_edWc_[d# je Z[ bei c_cÂŒ]hW\ei jWdje fWhW LWb[dY_W Yece fWhW W Gk[l[Ze$ .*$*"2@. 42"#"+/3
FWhW [b c[i Z[ `kd_e" kdW l[p gk[ Ă’dWb_Y[ bW [jWfW _dl[hdWb" [d Yed`kdje Yed [b =eX_[hde Ck# d_Y_fWb i[ _d_Y_Wh|d bei jhWXW`ei Z[ h[Yed\ehcWY_ÂŒd o bWijhWZe Z[
jeZWi bWi l‡Wi gk[ gk[ZWhed Z[i# jhk_ZWi feh [\[Yjei Z[ bW ‘bj_cW [ijWY_Œd _dl[hdWb$ CWdk[b BWhYe" Z_h_][dj[ Z[ i[Yjeh C_hWZeh Z[ LWb[dY_W" Z[i# jWYŒ [b Wfehj[ gk[ ^Wd h[Y_X_Ze Z[ bW Fh[\[YjkhW o Z[ bW WbYWbZ‡W Z[ LWb[dY_W$ KXWbZe HeZh‡]k[p" Z[b i[Yjeh Dk[le FW‡i" Z_`e gk[ bWi eXhWi [i# j|d bb[]WdZe W jeZei bei i[Yjeh[i" feh be gk[ ieb_Y_jŒ gk[ i[ ^W]W kd Wd|b_i_i Z[b W]kW" fWhW Z[j[hc_# dWh ik YWb_ZWZ$ @WYgk[b_d[ Lƒb[p" Z[b i[Yjeh '( Z[ @kb_e f_Z_Œ gk[ i[ WY[b[h[ bW YebeYWY_Œd Z[ bWi WbWhcWi Yeck# d_jWh_Wi fWhW [ij[ Z[die i[Yjeh feXbWY_edWb khXWde Z[ LWb[dY_W" h[gk[h_c_[dje gk[ [dYedjhŒ kdW h[ifk[ijW fei_j_lW Z[ fWhj[ Z[b 7bYWbZ[ JheoW$
*(5& &3$"3&3 %& ("3
<
ŊěŊ9edj_d‘W [b fhe# Xb[cW Z[ [iYWi[i Z[b ]Wi Z[ kie Zecƒij_Ye [d [b YWdjÂŒd CeYWY^[$ BW Y_kZWZWd‡W Z_Y[ Z[iYedeY[h bWi YWkiWi feh bW gk[ [b ]Wi de bb[]W Yed deh# cWb_ZWZ Wb YWdjÂŒd$ I[]‘d bei Yec[hY_Wdj[i bei c|i W\[YjW# Zei ied bWi f[hiedWi Z[b |h[W hkhWb$
ŊěŊKd Wc[de WYje ieY_Wb
i[ l_l_Œ [d [b 9[djhe ][hedjebŒ# ]_Ye Z[b 8k[d L_l_h Z[ LWb[dY_W" [b c_ice gk[ \k[ eh]Wd_pWZe feh [b =eX_[hde Ckd_Y_fWb o [b FWjhedWje Z[ 7okZW IeY_Wb Z[b =eX_[hde Fhel_dY_Wb$ ;b fhe]hWcW YedjŒ Yed bW fh[i[dY_W Z[ bW fh[i_Z[djW Z[b FWjhedWje" CWX[b 7hXeb[ZW o Z[ bW YedY[`Wb CWh‡W 7k]kijW 7ceh[i" [d h[fh[i[djWY_Œd Z[b =eX_[hde Ckd_Y_fWb Z[ LW# b[dY_W" WYje [d bW gk[ jkl_[hed > 6: ),<3;6: 4)?69-: ,1:.9<;)965 ) 36 4F>146 +65 <5) ;-9)71)
Z_h[YjW fWhj_Y_fWY_Œd jeZei bei 9-+9-);1=) +65 36: -:;<,1)5;-: ,- 3) -:+<-3) ,- :1+636/H) 3H51+) ,- 3) %$ WZkbjei cWoeh[i gk[ ied fWhj[ Z[b 9[djhe$ Fhel_dY_Wb Z[ijWYŒ [b jhWXW`e lW Kd_Œd" gk[ fh[i_Z[ =k_bb[h# gk[ i[ l_[d[ Z[iWhhebbWdZe [d ce F_dYWo" eh]Wd_pŒ kd WYje Z[ jeZei bei YWdjed[i" [if[Y_Wb# ^ec[dW`[ W jeZWi bWi cWZh[i Z[ ,*(*&2/. -"%2& 3B-#/,/ <beh CWh‡W J[hh[hei \k[ [b[YjW c[dj[ Yed bWi f[hiedWi Z[ bei bW Yeckd_ZWZ" [b c_ce gk[ i[ Z[iWhhebbe [d [b 9eb_i[e I[]kd# cWZh[ i‡cXebe Z[ [ij[ 9[d# i[Yjeh[i c|i lkbd[hWXb[i$ ;nfb_YŒ gk[ [d lWb[dY_W Ze >eoei @|Yec[$ jhe" [d c[Z_e Z[ bW Wb]WhWX‡W ;d [ijW fWhhegk_W @WjWb_dW Z[ jeZei iki YecfW‹[hei" gk[ i_[cfh[ ^Wd [dYedjhWZe [b Wfe# WZ[c|i fWhj_Y_fWhed Z[ kdW j[# oe Z[ bW WZc_d_ijhWY_Œd ckd_# Ck‹ep \k[ [b[YjW CWZh[ i‡c# hWf_W h[Yh[Wj_lW gk[ jkle Yece Y_fWb fWhW bb[lWh WZ[bWdj[ jeZei Xebe" c_[djhWi gk[ FWijehW C[pW" bW cWZh[ Z[ cWoeh [ZWZ" cej_lWZeh[i W bei [ijkZ_Wdj[i bei fheo[Yjei ieY_Wb[i$ h[Y_X_[dZe WcXWi bei h[if[Yj_# Z[ bW ;iYk[bW Z[ Fi_Yebe]‡W 9b‡# lei eXi[gk_ei Z[ fWhj[ Z[ bei d_YW Z[ bW KJ8$ . ," 5&6" .*D. BW Fh[i_Z[djW Z[b FWjhedWje BW @kdjW FWhhegk_Wb Z[ BW Dk[# eh]Wd_pWZeh[i Z[ [ij[ [l[dje$
/2 '&34*6*%"%&3
ĹŠ ěŊ ;b Ckd_Y_f_e h_dZ_ÂŒ kd `kije ^ec[dW`[ W bWi cWZh[# Y_jWi Xk[dW\[i_dWi [b l_[hd[i '' Z[ cWoe [d bWi _dijWbWY_ed[i kX_YWZWi [d bW pedW ikh WZgk_h_# ZWi feh bW WYjkWb WZc_d_ijhWY_ÂŒd ckd_Y_fWb" ZedZ[ W \kjkhe i[ Yedijhk_h| [b dk[le o \kdY_edWb [Z_Ă’Y_e ckd_Y_fWb$ 9ed lWh_Wi fWhj_Y_fWY_ed[i Whj‡ij_YWi i[ cWj_pÂŒ [b WYje Zed# Z[ bWi cWZh[i Z[ Z_\[h[dj[i i[Y# jeh[i Z[ 8k[dW <[" Z_i\hkjWhed cec[djei W]hWZWXb[i
<
ŊěŊ;b cWb[YÂŒd o bWi [ijhkYjkhWi Z[b fk[dj[ Yeb# ]Wdj[ Z[b YWdjÂŒd CeYWY^[" h[Y_X_[hed f_djkhW bW i[cWdW fWiWZW$ ;b cWdj[d_c_[dje be [\[YjkÂŒ [b =eX_[hde WkjÂŒde# ce :[iY[djhWb_pWZe Ckd_# Y_fWb" feh bWi \[ij_l_ZWZ[i Z[ YWdjed_pWY_ÂŒd gk[ i[ Y[b[# XhWh|d [b (. Z[ cWoe$
' !' & +%
! $( !
' % " !" & %) * &',! !& "& !& ( %
ŊěŊBei cWbei ebeh[i o bei
ceigk_jei ied [b jehc[dje Z[ je# Zei bei Z‡Wi$ 7i‡ be WĂ’hcWd bei ^WX_jWd# j[i Z[ bWi YWbb[i ;hd[ije 9W# pWh o 7l[d_ZW F_dWh]ej[ Z[ bW fWhhegk_W$ FWhW [ijei cehWZeh[i [b fhe# Xb[cW i[ [dYk[djhW [d [b WbYWd# jWh_bbWZe" [b YkWb oW de i_hl[ o be ZWd feh eXieb[je$ ;bbei Wi[]khWd gk[ d_ Wi‡ ^WoWd Y[iWZe bWi bbk# l_Wi o [b h‡e ^WoW XW`WZe ik YWk# ZWb" bWi WbYWdjWh_bbWi i_]k[d h[Xe# " " ! & ! " ! ! ! ! " # iWdZe [b W]kW ikY_W" ][d[hWdZe ceb[ij_Wi _diefehjWXb[i$ be ‘d_Ye gk[ Z[i[Wd [i gk[ bWi Ik|h[p _dZ_YÂŒ gk[ bW Wkjeh_# '% & ( & ZWZ Ckd_Y_fWb [dl‡W jhWXW`WZe# EjhW Z[ bWi YWbb[i gk[ fh[i[d# WYjkWb[i Wkjeh_ZWZ[i" Wdj[i Z[ h[i fWhW gk[ Z[ijWf[d WbYWdjW# jW [b c_ice fheXb[cW [i bW gk i[ h[j_h[d Z[ iki fk[ije gk[ ! " bei \Wleh[pYWd Yed Wb]‘d jhWXW`e" BW \Wc_b_W L|pgk[p Ik|h[p i[# h_bbWi [ _dj[djWh [lWYkWh [b W]kW" 8Whjebecƒ 8Wij_ZWi$ 7bb‡ iki ^WX_jWdj[i" cWd_Ă’[i# fk[i [bbei jWcX_ƒd \ehcWd fWhjW ‹WbÂŒ gk[ ^WX‡W ckY^ei d[]e# f[he de ZW h[ikbjWZe$ Æ;d ckY^Wi eYWi_ed[i Z[`Wd jWd gk[ bWi Wkjeh_ZWZ[i Z[X[d Y_ei feh [b bk]Wh gk[ [nf[dZ‡Wd Yec_ZWi" XWj_Zei" b[]kcXh[hWi" jhWcfWi cehjWb[i" fehgk[ gk[# [`[YkjWh [b dk[le fbWd fWhW eX# ^WijW f[bkgk[h‡Wi" o jeZei [bbei ZWd Z[ijWfWZWi bWi WbYWdjWh_# j[d[h [b dk[le WbYWdjWh_bbWZe" e ^Wd Y[hhWZe iki fk[hjWi" fehgk[ bbWi" fheleYWdZe gk[ Z[ h[f[dj[ Z[ be YedjhWh_e l_l_h|d i_[cfh[ bW Yb_[dj[bW i[ b[i ^W Wki[djWZe kd YWhhe e cejeY_Yb[jW i[ WYY_# [d c[Z_e Z[ bW f[ij_b[dY_W o bWi feh [b cWb Wif[Yje gk[ fh[i[djW Z[dj[ [d bW deY^[Ç" fkdjkWb_pÂŒ _cfkh[pWi" [nfh[iWhed$ [b cehWZeh$ Bei cehWZeh[i _dZ_YWhed gk[ [b bk]Wh$
Z[b ]hWd Yed]bec[hWZe ieY_Wb$ 7Z[c|i [d bWi YWbb[i Z[b Y[d# jhe Z[ Gk_diWbecW jWcX_ƒd [n_i# j[d Wl[d_ZWi gk[ h[gk_[h[d i[ b[i ejeh]k[ Z[ cWdj[d_c_[dje$
! & ! $ !" * " " # !
Profundamente consternados ante el sensible fallecimiento de quien en vida fue Sra. DoĂąa:
Nora Ligner Quintana Arreaga de PeĂąa Expresamos nuestra mĂĄs sentida nota de pesar por tan irreparable pĂŠrdida y nos solidarizamos con el dolor que aflige a toda su distinguida familia de manera especial a su esposo Sr. Erwin PeĂąa Navas y a su hijo JosĂŠ PeĂąa Quintana, amigos de nuestra empresa. Quevedo, 21 de mayo del 2012
+PAZ EN SU TUMBA+ 880-LG
%#&( , $* % ! *%) " *(% %#0) * %) #+ " ) '+ &%) %. $ *
+ )*%) %&%(*+$ ) *( !%
/ %#&( , $* ( $* * (( $%) ) ) & (* # $*%) - %. $ )
QUEVEDO
DirecciĂłn: Av. June GuzmĂĄn de CortĂŠs # 611 y DĂŠcima (esquina) altos de Ipersa TelĂŠfono: 276-0540 / 276-0541 E-mail: quevedo@lahora.com.ec
BABAHOYO
DirecciĂłn: Av. 10 de Agosto # 831 y Eloy Alfaro (Edificio Shopping The Rouse) TelĂŠfono: 2736887 E-mail: babahoyo@lahora.com.ec
QUEVEDO
DirecciĂłn: Av. June GuzmĂĄn de CortĂŠs # 611 y DĂŠcima (esquina) altos de Ipersa TelĂŠfono: 276-0540 / 276-0541 E-mail: quevedo@lahora.com.ec
BABAHOYO
DirecciĂłn: Av. 10 de Agosto # 831 y Eloy Alfaro (Edificio Shopping The Rouse) TelĂŠfono: 2736887 E-mail: babahoyo@lahora.com.ec
(<2/ 9/ 7;4<?:/17W; 8B2717/9 3; 888 '(3(&*0(&6$'03 &0.
= > >
@
:[Xe i[‹WbWh fh_c[hWc[dj[" gk[ Yece Z_Y[ bW ZeYjh_dW h[ZWYjWh kd dk[le 9ÂŒZ_]e FheY[iWb" i_]# d_Ă’YW [nWc_dWh Wb \edZe be gk[ i[ fh[j[dZ[ h[[cfbWpWh" [ije [i WdWb_pWh Yed WXiebkjW eX`[j_l_# ZWZ bei WY_[hjei o bei [hheh[i Z[b WYjkWb 9ÂŒZ_]e Z[ FheY[Z_c_[dje 9_l_b1 WYbWhWdZe gk[ [b gk[ i[ [ij| ieY_Wb_pWdZe i_d ZkZW Wb]kdW lW W Yedjh_Xk_h Z[Y_Z_ZWc[dj[ W bW ! @
# " < > ,(& (# ( Q" ( & ' & R ' "( MP . " #. '3 93 6/13 @/03? >B3 3; 3@A3 BF5/2< @3 3@AS A?/:7A/;2< 39 8B717< 23 27C<?17< "? =?3@3;A/2< =<? $32?< (3WH9< (<0/? &B7F 232B173;2< 9/ @75B73;A3 # (# " 39 /1A<? /H?:/ >B3 23@23 39 :3@ 23 :/?F< 23 3@A< 3@ =<? :S@ 23 A?37;A/ E 2<@ /V<@ ;<@ 3;1<;A?/:<@ @3=/?/2<@ 1<; :7 1W;EB53 (3?3@/ /?79X '/;A70SV3F 3;2<F/ @7; 6/03? :<A7C< 23 =<? :327< >B3 8B@A7H1/?/ A<A/9 1<:=<? A/:73;A< /0/;2<;< 39 6<5/? >B3 9< A3;U/ 4<?:/2< 3; 39 /;AW; *7;13@ @3=/?/17W; >B3 6/ @72< 3; 4<?:/ 39 6<5/? ;7 6/ :/;A3;72< ;7;5B;/ ?39/ 17W; 1<;EB5/9 ;7 @3DB/9 =<? A/9 :<A7C< 9< 23:/;2/ =/?/ >B3 3; @3;A3;17/ 2319/?3 39 C7;1B9< :/A?7:<;7/9 >B3 9<@ B;3 7;271/;2< >B3 ;< 6/; =?< 1?3/<@ 678<@ :7 6/; /2>B7?72< 073;3@ 23 97>B72/? (& ( C3?0/9 @B:/?7/ ) "(O 7;23A3?:7;/2/
B3F 23 9/ 1/B2/ 0<5/2< <@T ?/;17@1< 3C/99<@ ;16B;27/ B3F (3:=<?/9 239 BF5/2< #1A/C< 23 9< 7C79 E 3?1/;A79 23 <@ &U<@ >B3 /2:7A3 / A?S:7A3 9/ 23:/;2/ E <?23;/ @3 17A3 /9 23:/;2/2< 23 1<;4<?:72/2 1<; 9< >B3 27@=<;3 39 /?AU1B9< 239 W275< 23 $?<1327:73;A< 7C79 3; 1<;1<?2/;17/ 1<; 9< <?23;/;2< 3; 39 /?A 239 W275< 7C79 =<? 2319/?/? 0/8< 8B?/:3;A< 9/ /1A<?/ >B3 93 3@ 7:=<@7093 23A3?:7;/? 39 2<:71797< 239 23:/;2/2< $/?A71B9/? >B3 993C< / @B 1<;<17:73;A< =/?/ 9<@ H;3@ 23 93E /2C7?A7T;2<@393 23 9/ <0975/17W; >B3 A73;3 23 @3V/9/? 2<:71797< 935/9 =/?/ @B@ ;<A7H1/17<;3@ *7;13@ /?F< 239 -$/&$ B-+9 (4+'(3+0
#
'
# "
! & &#' $& ')"(#' - ' #"# #' #' )' "( ' -# "(#" # ' & (&#- ) )& ' & (&#- & # * " '( . & (&#- ) & " . & (&#- )'$ # #"'# & ..# (&#- + '#" & # & ..# * & - & ..# &.# - #& " # * " & ..# &.# ! & &#' #"# #' & ' " ' &
#' " ' & - "& %) " ' & #' #"# #' ) )& ' & (&#- ' ' ' & %B3 :327/;A3 @<?A3< 1<??3@=<;27W 1<;<13? / 3@A/ 8B271/AB?/ 9/ 23:/;2/ @=317/9 "< =<? ) # # )'#& # =?3@3;A/2/ =<? & & ( &.# * & E <A?<@ 3; 9/ >B3 7;A3? C73;3 1<:< $?<1B?/2<?/ <:X; ( & & ( & ..# &.# 1BE< 3DA?/1A< 3@ 1<:< @75B3 (#& ' & & ( &.# * & =<? @B@ 23?316<@ 1<:< 1<;1B07;/ @<0?3C7C73;A3 23 )'$ # #"'# & ..# (&#- E 3; ?3=?3 @3;A/17W; 23 # #& ' & & .# &.# ! &(# & & ..# "(#'! $ & (& . & ..# '! #& ".# "(#" # & ..# '! * -" (. ( & ..# && ". 678/ 239 4/993172< & - & ..# &.# ! -&#" & ..# && ". =<? @B@ 23?316<@ E 23 @B@ 63?:/;<@ :3;<?3@ ' & & - & ..# && ". - * " & # & ..# && ". ! '#" #"'# & ..# &.# ! *- " " & .# &.# ! )'$ # # & .# &.# & - & .# &.# E ( & & ( & ..# &.#
cWhY^W Z[ bei `k_Y_ei" YkoW b[d# j_jkZ [i kdW Z[ bWi Z[Ă’Y_[dY_Wi fheY[iWb[i Z[ cWoeh \h[Yk[dY_W o Z[ cWoeh Yh‡j_YW feh fWhj[ Z[ bW ef_d_ÂŒd f‘Xb_YW" jWdje c|i gk[ WYjkWbc[dj[ i[ Z[X[ bb[lWh W YWXe jeZe fheY[ie Z[ WYk[hZe W bei fh_dY_f_ei Z[ ehWb_ZWZ" Yed# jhWZ_YY_ÂŒd [ _dc[Z_WY_ÂŒd" Yed# \ehc[ be Z_ifed[ [b 7hj$ ',. Z[ bW 9edij_jkY_ÂŒd Z[ bW H[f‘Xb_YW$ :[djhe Z[b fhe]hWcW Z[ H[i# jhkYjkhWY_ÂŒd Z[ bW <kdY_ÂŒd @kZ_# Y_Wb o ik [`[ [ijhWjƒ]_Ye Z[ ceZ[be Z[ ][ij_ÂŒd" Ykoei eX`[j_lei fh_d#
# (# " <@ /1A<?3@ 1<:=/?313; 1<; @B 23:/;2/ :/;743@ A/;2< 3;A?3 <A?/@ 1<@/@ >B3 3; @B@ 1/97 2/23@ 23 9357A7:/2<@ /1A7C<@ E /9 /:=/?< 23 9< >B3 27@=<;3 39 ?A E @75B73;A3@ 23 9/ 3E =/?/ 39 BF5/:73;A< 23 9/ <9B@7W; 1<:=/?313:<@ /;A3 B@A32 3; 1/972/2 23
B3F 1<:=3A3;A3 E 3; 8B717< 23 =?<1327 :73;A< <9B@<?7< 23:/;2/; / 9<@ 63?3 23?<@ 1<;<172<@ =?3@B;A<@ E 23@1<;< 172<@ 23 9<@ 1/B@/;A3@ -# "(#" # ' & (&#- E ) )& ' & (&#- >B7T;3@ 7;A3?C7 ;73?<; 3; 4<?:/ 27?31A/ 1<:< /1A<?3@ 3; 39 8B717< 23 $/?A717W; 23 073;3@! /@U 1<:< / ((- #& " ' & (' &#' ( ' & (' " * ' & %) # . & - #"#& & " ' # . & >B7T;3@ 1<:< /1A<?3@ B;/@ 6/; 7;A3?C3;72< 3; 39 8B717< 23 ;C3;A/?7< E C/9X< 23 073;3@ 63?327 A/?7<@ E <A?/@ 3; 39 8B717< 23 $/?A717W; 23 073;3@ 6/17T;2<@3 /28B271/? 9/@ 678B39/@ 23 =/?A717W; 7;19B@7C3 =/?/ >B3 3; @3; A3;17/ E /;A3 9/ /0B;2/;A3 =?B30/ >B3 3D7@A3 1<:< 7;2717<@ 239 1<;AB03?;7< E =?<1327:73;A< 1<9B@<?7< 1<; 39 >B3 @3 6/ /1AB/2< 3; ;B3@A?< =3?8B717< 1<:< 9< 27@=<;3 39 7;17@< =?7:3?< 239 ?A 0U23: @3 3D=72/ 39 4/99< E =<? 3;1<; A?/?@3 4B;2/2/ 9/ 23:/;2/ @3
271A/?S; 9/@ :3272/@ =/?/ >B3 >B323 @7; 3431A< 39 =?<1327:73;A< 1<9B@<?7< /;B9/;2< 39 < 9<@ /1A<@ 1<;A?/A< < 1<; A?/A<@ >B3 3@ABC73?3; /431A/2<@ =<? 39 @35X; 39 1/@< E @3 ?3=/?3; 9<@ 2/V<@ E =3?8B717<@ <1/@7<;/2<@ ?3@A7ABET;2<@3 /9 =3?8B271/2< 9/ =<@3@7W; < A3;3;17/ 23 9<@ 073;3@ 23 >B3 @3 A?/A3 < 39 5<13 239 23?316< ?3@=31A7C< E 23 :/;3?/ 53;3?/9 ?3=<;73;2< 9/@ 1<@/@ /9 3@A/2< /;A3?7<? 23 9/ 1<9B@7W; E 3831BA<?7/2/ 9/ @3;A3;17/ @3 97>B723; 9<@ 2/V<@ E =3?8B717<@ >B3 ;<@ 6/; <1/@7<;/2< 4B;2/:3;A/2<@ 3; >B3 ;B3@A?< :/?72< =/2?3 E /0B39< >B3 3; C72/ @3 99/:W )'$ # #"'# & ..# (&#- :327/;A3 =?<C723;17/ 23 /28B271/17W; 3D=3272/ =<? 39 7?31A<? 831BA7C< 239 ;@A7ABA< 1B/A<?7/;< 23 &34<?:/ 5?/?7/ E <9<;7F/17W; 39 23
B97< 23 7;@1?7A/ 3; 39 &357@A?< 23 9/ $?<=732/2 23 %B3C32< 0/8< 39 "< 239 &357@A?< 23 $?<=732/23@ E /;<A/2/ /9 "< 239 70?< &3=3?A<?7< 39 23 430?3?< 23 4B3 =?<=73A/?7< 23 B; 9<A3 23 A3??3 ;< B071/2< 3; 39 @31A<? '/;A/ &7A/ 1<:< 1<;@A/ 3; 39 13?A7H1/2< 239 &357@A?< 23 9/ $?<=732/2 23 %B3C32< A73;3 9/ @B=3?H 173 23 631AS?3/@ B071/2< 3; 9/ F<;/ 23 9/ $/??<>B7/ E /;AW; %B3C32< $?<C7;17/ 23 <@ &U<@ 1<; 9<@ @75B73;A3@ 97;23?<@ E :3272/@ "#&( 1<; C/?7<@ =<@3@7<;/?7<@ 3; : U;3/ >B30?/2/ & 3; @3;A72< " 1<; 39 9<A3 23 3@/? '/;A/1?BF 3; : & 3; @3;A72< " E 1<; 39 9<A3 23 3@X@ B3;A3@ 3; : & 3; @3;A72< &+ /173;2/! ')& 1<; 9/ /173;2/ '/;A/ &7A/ 3; : U;3/ >B30?/2/ & 3; @3;A72< + 1<; " (?<E/ 3; : & 3; @3;A72< "+ : U;3/ >B30?/2/ C/?7/@ 27?3117<;3@ : & 3; @3;A72< '+ : & 3; @3;A72< " 6/@A/ 3;1<;A?/? 39 @A3?<! '( 1<; 3@X@ B3;A3@ 3; : &' L K 3; :
U;3/ >B30?/2/ & 3; @3;A72< '+ 3; : &' L J E : U;3/ >B3 0?/2/ & 3; @3;A72< ' ! E # '( 1<; 63?323?<@ 23 (3<2<?< (?<E/ 3; :
U;3/ >B30?/2/ & 3; @3;A72< "' : &" L J+ : & =?32<:7;/;A3 "' E 1<; C/?7<@ =<@3@7<;/?7<@ 3; :
U;3/ >B30?/2/ 3; @3;A72< " 3 3@A3 9<A3 @3 23@3:0?W E C3;27W / # # & * # ' *
"# : E =<? @3;A3;17/ 239 B3F B/?A< 23 9< 7C79 23
<@ &U<@ @3 /28B271< / -# "(#" # ' . & @71 (&#- : E /@U 9< C3;U/; :/;A3;73;2< @7; >B3 39 ?3:/;3;A3 6/E/ @72< /431A/2< =<? A3?13?<@ 239 >B3 9<@ 63?323?<@ ?322E 039 /CE "/27;/ 27A6 /?5/?7A/ B@=717< :797< #?9/;2< CS; <9<?3@ /?U/ 27@<; 94<;@< E /5/97 ?/139E &7FF< /?F<9/ /91/;F/?<; 9/ =<@3@7W; 3431A7C/ =?< 7;27C7@< E @7; =3?8B717< 23 A3?13?<@ :327/;A3 /1A/ 239 23 5<@A< 239 /;A3 39 "<A/?7< $?7:3?< 23 %B3C32< 0 /?1< /?/A/B B?799< 7;@1?7A/ 3; 39 &357@A?< 23 9/ $?<=732/2 23 %B3C32< E 39 ?3:/;3;A3 C<9B;A/ ?7/:3;A3 @3 9< 6/; ?3=/?A72< 3DA?/8B27 17/9:3;A3 @7; AUAB9< 7;@1?7A< 3; A/;A<@ E 1B/;A<@ 9<A3@ 23 A3??3;<@ ;<@ 63:<@ ?31<;<172< 9<@ >B3 @3 3;1B3;A?/; 7;5?3 @/2<@ /9 /A/@A?< B;717=/9 23 %B3C32< E =/5/; =<? 1/2/ 9<A3 9<@ 7:=B3@A<@ 1<??3@=<;273;A3@ %B3 #& " - &#' ( ' & (' =?3@3;A/?<; 23:/;2/ 23 ;C3;A/?7< E C/9X< 23 073;3@ 63?327A/?7<@ 238/2<@ =<? /?7< C/;5397@A/ ./9/:/? (?<E/ 4/993172< 39 23 "<C73:0?3 23 63?323?< 23 /?U/ /?A<9/ < /?A<9<:T (?<E/ $7; 4/993172/ 39 23 0?79 23 E 3@A/ 63?323?/ 23 <@T ;A<;7< (?<E/ $7;< 4/993172< 39 23 B97< 23 =<? A3@A/:3;A< 238/2< 39 23 /E< 23 ?3H?7T;2<@3 / 9<@ A3??3;<@ 23 9/ $/??<>B7/ %B3C32< 23 3@3 3;A<; 13@ =3?A3;3173;A3@ /9 /;AW; *7;13@
$?<C7;17/ 23 <@ &U<@ E >B3 6<E @3 6/99/; 3; 9/ F<;/ )?0/;/ 23 %B3C32< $/??<>B7/ *7C/ 94/?< 1<; 9<@ @75B73;A3@ 97;23?<@ $<? B; 9/2< 9/@ 4/92/@ 23 9/ 9<:/ 239 1<;C3;A<! $<? <A?< 9/2< @A3?<@! $<? 39 4?3;A3 23 <A7F/17W; 23 C7C73;2/! E $<? /A?S@ 4B;2< /5?U1<9/ 23:/;2/ ;X:3?< >B3 A<1W 1<;<13? /9 BF5/2< (3?13?< 23 9< 7C79 E 3?1/;A79 23 <@ &U<@ E 39 23 5<@A< 23 9/@ 6 @3 /=?<0W 39 ;C3;A/?7< E C/9X< 23 2716< 073; 2W;23 ;< @3 723;A7H1W 9/ 1/072/ 239 9<A3 23 A3??3;< ;7 >B3 2716/ 1/072/ 23 A3??3;< @3 3;1B3;A?/ 4<?:/;2< =/?A3 23 9/@ 631AS?3/@ 23 A3??3;< >B3 3; 4B3?<; /28B271/2/@ =<? 39 & / 4/C<? 23 #"'# )'$ # & ..# (&#- 23:/;2/ 3; 9/ >B3 8/:S@ @3 273?<; 2<:71797<@ =/?/ @3? 17A/2<@ 3; 39 8B717< 23 $/?A717W; 3D7@A3 4/9A/ 23 17A/17W; =3?@<;/9 1<; 9/ 23:/;2/ >B3 3; B; 1/@< @3 67173?<; / ;B3@A?/@ 3@=/92/@ E 3; 39 <A?< @3 <:7A73?<; 1<;
39 H; 23 9<5?/? @B@ =?<=W@7A<@ 3; 1<; AB03?;7< @3 B;73?<; -# "(#" # ' & (&#- ) )& ' & (&#- ((- #& " ' & (' &#' ( ' & (' " * ' & %) # . & - #"#& & " ' # . & >B3 1<; 39 "? A<1W 1<;< 13? /9 BF5/2< (3?13?< 23 9< 7C79 E 3?1/;A79 23 <@ &U<@ 3; %B3C32< 3; @B A?/:7A/17W; @3 :/;2W / 7;A3?C3;7? / 9<@ ?3=?3@3;A/;A3@ 239 B;717=7< 23 %B3C32< 2W;23 3; @3@7W; 23 <;138< ?3@<9C7W /1<53? 39 7;4<?:3 4/C<?/093 23 9/ <:7@7W; 23 $9/;3/:73;A< )?0/;< /=?<0W E /BA<?7F< / -# "(#" # - ) )& ' & (&#-
#"#& # ' & ((- #& " ' & (' 9/ =/?A717W; / 4/C<? 23 )& ) ' & (&#- E <A?<@ 3; @3;A3;17/ 239 23 B;7< 23 9/@ 6 3; 39 1<;@723?/;2< (3?13?< 238/ 1<;@A/; 17/ >B3 3; 39 073; ?/UF @<0?3 39 >B3 @3 =?3A3;23 9/@ 678B39/@ 23 =/?A717W; =<? 39 A3@A/:3;A< <A<?5/2< =<? <@T (?<E/ $7; ?3@=31A< 239 073; 7;:B3093 7;C3;A/?7/2< E /C/9B/2< <083A< 23 9/ =/?A717W; ;< 6/ @72< 7;@1?7A< =<? 9/ /0@A3;17W; >B3 ?3173;A3:3;A3 6/ 6316< 39 &357@A?/2<? 23 9/ $?<=732/2 239 /;AW; %B3C32< >B3 ;< 3D7@A3 67@A<?7/ 23 2<:7;7< @<0?3 2716< 9<A3 23 A3??3;< E >B3 :/9 @3 =<2?U/ /28B 271/? 678B39/@ >B3 ;< =<2?S; @3? 7;@1?7A/@ 3; 39 &357@A?< 23 9/ $?<=732/2 2319/ ?/;2< @7; 9B5/? 9/ 23:/;2/ 9<@ /1A<?3@ 7;A3?=B@73?<; ?31B?@< 23 /=39/17W; 1BE<@
B313@ $?<C7;17/93@ 23 9/ '/9/ 23 9< 7C79 23 <@ &U<@ 3; @3;A3;17/ 271A/2/ 23;A?< 23 9/ 7;@A/;17/ 17C79 ;X:3?< ?3C<1/ 9/ @3;A3;17/ ?31B??72/ E 2319/?/ 1<; 9B5/? 9/ =/?A717W; @<9717A/2/ =<? 9<@ /117<;/;A3@ 1<;C3;72/ 3; 39 /1A/ 23 =/? A717W; E /28B271/17W; @3 27@=<;3 #H17/? /9 &357@A?/2<? 239 /;AW; %B3C32< ?3:7A7T;2<93 1<=7/ 13?A7H1/2/ 23 3@A/ ?3@<9B17W; 1<; 39 /1A/ 23 =/?A717W; E /28B271/17W; 23 9/@ 678B39/@ =?/1A71/2/ 39 23 /E< 239 / 9/@ 6 =/?/ 9< 1B/9 @3 2303?S =?<A<1<97F/? 9/ @3;A3;17/ 3; 1B3@A7W; 1<; 9/ /:=97/17W; 271A/2/ 3@A< =3@3 >B3 /;A3@ E 23@=BT@ 23 7;717/2< 2716<@ 8B717<@ 6/; @/072< 1<;<13; E 93@ 1<;@A/ 2<;23 63:<@ C7C7 2< 1/2/ B;< 23 ;<@<A?<@ 3; 1/972/2 23 03;3H17/?7<@ E 63?323?<@ 23 #"'# )'$ # & ..# (&#- 9 A?S:7A3 3@ 3; 8B717< @=317/9 <9B@<?7<
/ B/;AU/ 3@ ;23A3?:7;/2/
) . )' 0 ;?7>B3 ?7<;3@ '<A<:/E<? B3F (3?13?< 23 9< 7C79 E 3?1/;A79 23 <@ &U<@ 3; %B3C32< >B7T; 3; =?<C723;17/ 23 23 7173:0?3 23 9/@ 6 /2:7A3 / A?S:7A3 9/ 23:/;2/ E =<? 9/ ?34<?:/ / 9/ 23:/;2/ =?3@3;A/2/ =<? 9/ $?<1B?/2<?/ <:X; 27A6 /?5/?7A/ &7FF< /?F<9/ 1<;4<? :3 / 9<@ /;A31323;A3@ /99U 3D=B3@A<@ 39 23 /?F< 23 / 9/@ 6 3; =?<C723;17/ 23 4316/ 0?79 23 / 9/@ 6 @3 9/ /2:7A7W / A?S:7A3 <?23;S;2<@3 17A/? / 3AAE 3<?57;/ '/9/:/? /9/A@ &<@/ 27A6 '/9/:/? /9/A@ "73C3@ &/>B39 /:0</ '/9/:/? E 3<;<? ?/;17@1/ /:0</ '/9/:/?! "7D<; <;S@ '/9/:/? <;A3@ 3?3:U/@ ;A<;7< '/9/:/? /??3 /C72 '/9/:/? /??3! (7A< "/C/??3A3 '/9/:/?! ;?7>B3 /23;/ '/9/:/? 3?1323@ /23;/ '/9/:/? <@T /23;/ '/9/:/? 3; 1/97 2/2 23 678<@ 23 9<@ 1/B@/;A3@ /?7< C/;5397@A/ '/9/:/? (?<E/ B17/ /?7;/ '/9/:/? (?<E/ /E< ;A<;7< '/9/:/? (?<E/ E B43:7/ /B?/ '/9/:/? (?<E/ /9 75B/9 >B3 / <@34/ #02B97/ /??3
<<? C2/ 23 '/9/:/? 23 >B7T; @3 6/ ?31A7H1/2< @B 723;A72/2 3; 1/972/2 23 1W;EB53 @<0?3C7C73;A3 23 /E< ;A<;7< '/9/:/? (?<E/ / >B7T;3@ @3 9<@ 17A/?/ 3; 9<@ 9B5/?3@ E 3; 9/ 4<?:/ @<9717A/2/ =<? 9/ $?<1B?/2<?/ <:X; /@U 1<:< / 63?323?<@ =?3@B;A<@ E 23@1<;<172<@ 23 9<@ 1/B@/;A3@ /?7< C/;5397@A/ ./9/:/? (?<E/ B17/ /?7;/ ./9/:/? (?<E/ /E< ;A<;7< '/9/:/? (?<E/ B43:7/ /B?/
:hW$ JWd_W 7h_Wi ^W [dl_WZe kdW Wj[djW Yeckd_YWY_ÂŒd Wb i[‹eh :h$ MWbj[h CWhj‡d[p L[bW" Z[YWde Z[ bW <WYkbjWZ Z[ @kh_ifhkZ[dY_W Z[ bW Kd_l[hi_ZWZ 9[djhWb Z[b ;YkW# Zeh" fed_[dZe W Yedi_Z[hWY_ÂŒd [b fh_c[h XehhWZeh Z[b Fheo[Yje Z[ 9ÂŒZ_]e FheY[iWb Kd_Ă’YWZe" W Ă’d Z[ gk[ [b 7bcW CWj[h W jhWlƒi Z[ bW <WYkbjWZ Z[ @kh_ifhkZ[dY_W h[Wb_Y[ bWi eXi[hlWY_ed[i ieXh[ [b c[dY_edWZe fheo[Yje" [bWXehW# Ze feh [b 9[djhe Z[ ;ijkZ_ei Z[ @kij_Y_W Z[ bWi 7cƒh_YWi Ă„9;@7# Eh]Wd_ice Z[b I_ij[cW ?dj[hW#
Y_fWb[i ied0 ]WhWdj_pWh [b WYY[ie W i[hl_Y_ei `kZ_Y_Wb[i efehjkdei" [Ă’Y_[dj[i" [Ă’YWY[i o Z[ YWb_ZWZ Z[b i_ij[cW `kZ_Y_Wb" [b 9edi[`e Z[ bW @kZ_YWjkhW Z[ JhWdi_Y_ÂŒd Z[djhe Z[ bW bWXeh gk[ [ij| h[W# b_pWdZe" ^W Yedi_Z[hWZe Yece kdW WYY_ÂŒd \kdZWc[djWb" bW _cfb[c[djWY_ÂŒd Z[ kdW h[\ehcW fheY[iWb _dj[]hWb [d cWj[h_Wi de f[dWb[i" XWiWZW [d bei fh_dY_f_ei Yedij_jkY_edWb[i Z[b Z[X_Ze fheY[ie$ ;b 9edi[`e Z[ bW @kZ_YWjkhW Z[ JhWdi_Y_ÂŒd" W jhWlƒi Z[ bW i[‹ehW
'/9/:/? (?<E/ B@=717< 94<;@< '/9/:/? (?<E/ +79@<; /?7< *35/ &7FF< ?322E 039 &7FF< /?F<9/ E #?9/;2< CS; &7FF< /?F<9/ =<? 6/03? :/;743@A/2< 0/8< 8B?/:3;A< >B3 23@1<;<13 @B@ 2<:71797<@ =/?/23?<@ E ?3@723;17/@ E >B3 93 3@ 7:=< @7093 7;27C72B/97F/?9<@ E 23A3?:7;/?9<@ @3 9<@ 7A/?S =<? 9/ =?3;@/ 3; 9/ 4<?:/ 1<:< 9< 27@=<;3 39 ?A 239 W275< 23 $?<1327:73;A< 7C79 6/07T;2<@3 3; =?<C723;17/ 23 4316/ 23 /E< 23 9/@ 6 ?31A7H1/2< 9/ 723;A72/2 23 9<@ 1/B@/;A3@ B@=717< 94<;@< &7FF< (?<E/ E +79@<; /?7< &7FF< *35/ / >B7T;3@ 3; =?<C723;17/ @3 9<@ 723;A7H1< 1<:< B@=717< 94<;@< '/9/:/? (?<E/ E +79@<; /?7< *35/ &7FF< $/?A71B9/? >B3 @3 =<;3 3; 1<;<17:73;A< 23 9<@ /117<;/2<@ /2C7?A7T;2<93@ 23 9/ <0975/17W; >B3 A73;3; 23 1<:=/?313? / 8B717< E @3V/9/? 2<:71797< 8B2717/9 3; 3@A/ 17B2/2 23 %B3C32< =/?/ ?31707? ;<A7H1/ 17<;3@ >B3 93@ 1<??3@=<;2/; 23;A?< 23 C37;A3 2U/@ 23@=BT@ 23 9/ X9A7:/ =B097 1/17W; >B7T;3@ 23 ;< 6/13?9< =<2?S; @3? 1<;@723?/2<@ < 2319/?/2<@ ?303923@ < 3?A7H1< %B3C32< 23 /E< 23 % $4*+/)50/ $3.+)/+$/+ $%3(3$ # " '(-
# "
> ! @ &#' #"& # "& %) . - "N'(#& ' && "# '
' " $& ' "( #( . Q" G
N" .I "(Q" * " ' ' & %B3 :327/;A3 @<?A3< 93 1<??3@=<;27W 1<;<13? / 3@A3
BF5/2< 9/ 23:/;2/ #?27;/?7/ 23 $?3@1?7=17W; DA?/<?27;/?7/ 2>B7@7A7C/ 23 <:7;7< "< @35B72< =<? 9/ @3V<?/ B17/;/ <?S; <;A?3?/@ 3; 1<;A?/ 23 9<@ @3V<?3@ &<@/ :397/ <;?/2< ;?U>B3F E "T@A<? '3??/;< /@799/@ 3; 1/972/2 23 $?3@723;A3 23 9/ <A7F/17W; 039 7:T;3F 239 /;AW; */93;17/ 1BE< 3DA?/1A< 3@ 1<:< @75B3 (#&
) " #&M" #"(& & ' " #' &#' #"& # "& %) . - "N'(#& ' && "# '
' " $& ' "( #( . Q" G
N" .I "(Q" * " # (# " / /117< ;/;A3 23:/;2/ >B3 3; @3;A3;17/ @3 93 1<;132/ 9/ $?3@1?7=17W; DA?/<?27;/?7/ 2>B7@7A7C/ 23 <:7;7< @<0?3 B; @<9/? @75;/2< 1<; 39 "< 23 9/ :/;F/;/ G I 23 :3A?<@ 1B/2?/2<@ 23 @B=3?H173 B071/2< 3; 9/ <A7F/17W; G 039 7:T;3FI 239 1/;AW; */93;17/ =?<C7;17/ 23 <@ &U<@ 17?1B;@1?7A< 23;A?< 23 9<@ @75B73; A3@ 97;23?<@ E :3272/@ $<? 39 "<?A3 1<; 1/993 $?<43@<? 72?<C< 3; :3A?<@! $<? 39 'B? 1<; 1/9938W; @7; ;<:0?3 3; :3A?<@! $<? 39 @A3 1<; /993 %B3C32< 3; :3A?<@! E =<? 39 #3@A3 1<; A3??3;< 23 +79@<; B?799< 3?< 3; :3A?<@ %B3 23@23 39 2U/ 23 /0?79 239 /V< 3@AS 3; =<@3@7W; =/1UH1/ A?/;>B79/ =/1UH1/ 7;7;A3??B:=72/ E =X0971/ 1<; S;7:< 23 @3V<?/ E 2B3V/ =<? :S@ 23 /V<@ / 9/ 4316/! >B3 23;A?< 239 7;:B3093 23@1?7A< A73;3 1<;@A?B72/ B;/ 1/@/ A7=< C799/ 3; 9/ >B3 6/07A/ 1<; @B 4/:797/ 9/ ?343?72/ =<@3@7W; @3 9/ A?/;@:7A7W 9/ @3V<?/ &<@/ :397/ <;?/2< ;?U>B3F >B73; 93 =?<:3A7W 2/93 3@1?7AB?/ =X0971/ :=/?/ @B 23:/;2/ 3; 9< 27@=B3@A< 3; 9<@ ?A@ E 239 W275< 7C79 ) "(O " ( & " (& ( #& " & #
) . )' 0<5/2/ 3?3E /1U/@ C399/;32/ B3F/ (3:=<?/9 ;1/?5/2/ 239 BF5/2< B/?A< 23 9< 7C79 23 <@ &U<@ :327/;A3 /117W; 23 =3?@<;/9 "< $ & 23 4316/ 23 /0?79 239 >B73; :327/;A3 /BA< 23 /0?79 239 9/@ 6 /2:7A3 9/ 23:/;2/ / A?S:7A3 23 B717< #?27;/?7< 27@=<;73;2< >B3 @3 17A3 / 23 9<@ @3V<?3@ &<@/ :397/ <;?/2< ;?U>B3F E "T@A<? '3??/;< /@799/@ 3; 1/972/2 23 $?3@723;A3 23 / <A7F/17W; G 039 7:T;3FI 239 1/; AW; */93;17/ =<? 9/ =?3;@/ 1<;4<?:3 / 9< 27@=B3@A< 3; 39 ?A 239 W275< 23 $?<1327:73;A< 7C79 =<? 1B/;A< 39 /1A<? 0/8< 8B?/:3;A< 2319/?/ >B3 93 3@ 7:=<@7093 23A3?:7;/? 9/ 7;27C72B/972/2 E 2<:71797< 23 9<@ :3;17<;/2<@ 23:/; 2/2<@ =/?/ >B3 3; 39 AT?:7;< 23 2U/@ =?3@3;A3 9/@ 3D13=17<;3@ >B3 @3 1?3/; /@7@A72<@ E >B3 @3 7;@1?70/ 9/ 23:/;2/ 3; 39 &357@A?< 23 9/ $?<=732/2 239 1/;AW; */93;17/
< >B3 993C< / @B 1<;<17:73;A< =/?/ 9<@ H;3@ 935/93@ 1<;@75B73;A3@ /2C7?A7T;2<93 23 9/ <0975/17W; >B3 A73;3 23 @3V/9/? 1/@799/ 8B2717/9 3; 3@A/ 17B2/2 =/?/ >B3 ?3170/ @B@ ;<A7H1/17<;3@ E >B3 2303?S; 1<:=/?313? / 8B717< 23;A?< 23 9<@ C37;A3 2U/@ =<@A3?7<?3@ / 9/ X9A7:/ =B0971/17W; 23 3@A3 /C7@< 1/@< 1<;A?/?7< =<2?S; @3? 2319/?/2<@ ?303923@ 3?A7H1< %B3C32< :/?F< 239 %) $/&: 35($)$ 645$.$/5(
# 50
? # " ! &# & ) . #". . "# , " & ' ' & %B3 :327/;A3 @<?A3< 6/ A<1/2< 1<;<13? 23 9/ =?3 @3;A3 3:/;2/ 3 7C<?17< "< =?3@3;A/2/ =<? #". . " #. $ &# #* ""- 1BE< 3DA?/1A< 3@ 39 @75B73;A3 (#& #". . " #. $ &# #* "" " &# & ) . #". . "# , " & # (# " 7C<?17< )(# " '3 /13=A< /9 A?/:7 A3 3; C7?AB2 23 ?3B;7? 9<@ ?3>B7@7A<@ 23A3?:7;/2<@ 3; 39 ?A E 239 <275< 23 $?<1327:73;A< 7C79 /073;2< :/;743@A/2< 39 /1A<? 23 4<8/@ 2<13 23 9<@ /BA<@ 0/8< 8B?/:3; A< >B3 23@1<;<13 E 93 3@ 7:=<@7093 23A3?:7;/? 39 2<:71797< < ?3@723;17/ 23 9/ @3V<?/ &# & ) . #". . "# , " & ?/F<; =<? 9/ 1B/9 @<9717A/ / @B @3V<?7/ >B3 @3 275;3 17A/? / 9/ @3V<?/ /;A3@ ?343?72/ =<? 9/ =?3;@/ 1<; 39 97039< 23 9/ 23:/;2/ E /BA< 23 /13=A/17W; / A?S:7A3 =<? :327< 23 B;< 23 9<@ 27/?7<@ 23 :/E<? 17?1B9/17<; 23 3@A/ 17B2/2 1<;4<?:3 / 9< =?3C7@A< 3; 39 ?A 239 <275< 23 $?<1327:73;A< 7C79 =<? 9< >B3 /A3;273;2< 39 =3272< 9/ @B@1?7A/ B3F/ B;/ C3F >B3 39 1A<? 6/ ?31<;<172< @B H?:/ E ?B0?71/ 27@=B@< >B3 @3 17A3 / 9/ 23:/;2/2/ =<? B; =3?7W271< 23 9/ 9<1/972/2 /@U 1<:< B;< 23 9/ 1/=7A/9 23 9/ $?<C7;17/ 2<;23 @3 13930?< 39 :/A?7:<;7< :327/;A3 A?3@ =B0971/17< ;3@ 3; 27/@ 27@A7;A<@
) . & * ")' ##& "(& # ' & ( & " ) "#$ ( " " #. $/?A71B9/? >B3 @3 =<;3 3; 1<;<17:73; A< 23 9/ @3V<?/ 23:/;2/2/ /2C7? A73;2<93 23 9/ <0975/17W; >B3 A73;3 23 1<:=/?313? / 8B717< 23;A?< 239 A3?:7 ;< E @3V/9/? 1/@7993?< 8B2717/9 3; 3@A/ =/?/ ?31707? 4BAB?/@ ;<A7H1/17<;3@ %B3C32< /E< 239 (&3(5$3+$ /+'$' 6'+&+$- 3+.(3$ '( -$ $.+-+$
6,(3 +D(; : '0-(4&(/&+$ (- $/5E/ 6(7('0
# ! < ! @
) # "< (#& ) )'(# & #" & * & * & .#(# - " , " & & $ . " # ' #' " #.
) . )' * & & * & &
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
E 1<:=/?313? / B717< 3; 3@A3 8BF5/2< $?3C7;7T;2<93 >B3 ;< 1<:=/?313? C37;A3 27/@ 23@=BT@ 23 9/ X9A7:/ =B0971/17W; =<2?S; @3? 1<;@723?/2<@ < 2319/?/2<@ ?303923@ 7A3@3 E "<A7A7>B3@3 *3;A/;/@ /E< 239 % 6)0 $3&+$ $/5$/$
6;)$'0 07(/0 ( -0 +7+- '( -04 +04
# ! @ #' & &#' $& ')"(#' - ' #"# #' & (
#" $ P - & &#' #"# #' #- ) # & " # - '#' & "
" . #" ' ' & %B3 3; 3@A3 BF5/2< @3 6/; =?3@3;A/2< 9/ @3V<?/ 3?A/ 397F '/;163F ?7/@ 232B173;2< 23:/;2/ 23 =?3@1?7=17W; DA?/<?27;/?7/ 2>B7@7A7C/ 23 <:7;7< 3; @B 1<;A?/ 1BE< 3DA?/1A< 3@ 1<:< @75B3 (#& 3?A/ 397F '/;163F ?7/@ " #' 63?323?<@ =?3@B;A<@ E 3@1<;<172<@ 23 /?U/ 3A717/ 3W; $3V/H39 E 63?323?<@ 1<;<172<@ 9<E B43:7< 7239 ?13;7< E '<@7:/ 239 /?:3; 7:T;3F 3W; # (# " 9 /117<;/; A3 @<9717A/ >B3 :327/;A3 @3;A3;17/ @3 93 1<;132/ 9/ A7AB9/?72/2 239 073; 7;:B3093 E 2319/?3 6/03?@3 <=3?/2< 3; @B 4/C<? 9/ =?3@1?7=17W; 3DA?/<?27;/?7/ /2>B7@7 A7C/ 23 2<:71797< 23 B;/ @B=3?H173 23 <@173;A<@ *37;A3 E A?3@ :3A?<@ 1B/ 2?/2<@ 1<; 4?3;A3 / 9/ /C3;72/ +/9A3? ;2?/23 /8/?2< <1/97F/2< 3; 39 @31A<? G / <?3A< I 23 9/ $/??<>B7/ )?0/;/ 23 /E< 23 3@A/ 17B2/2 23 %B3C32< $?<C7;17/ 23 <@ &U<@ 39 :7@:< >B3 @3 3;1B3;A?/ 17?1B;@1?7A< 23;A?< 23 9<@ @75B73;A3@ 7;23?<@ E :3272/@ =<? 39 "#&( <; 9/ @3V<?/ /?U/ /:/16< 3; :3A?<@! =<? 39 ')& 1<; 39 @3V<?
B@A< *3?/ 3; :3A?<@! =<? 39 '( <; 9/ /C3;72/ +/9A3? /8/?2< 3; :3A?<@! E =<? 39 # '( <; 39 1/9938W; @7; ;<:0?3 3; :3A?<@ <:< 4B;2/:3;A< 23 6316< :/;7H3@A/ >B3 3@AS 3; =<@3@7W; A?/;>B79/ =/17H1/ 7;7; A3??B:=72/ 1<; S;7:< 23 @3V<?/ E 2B3V/ 23 B; @<9/? 23@23 39 23 #1AB0?3 23
c[h_YWde" gk[ j_[d[ [djh[ iki h[ifediWX_b_ZWZ[i" bW Z[ [ijkZ_Wh [d fhe\kdZ_ZWZ bei i_ij[cWi Z[ `kij_Y_W o Z[iWhhebbWh fbWdj[W# c_[djei _ddelWZeh[i [d bWi h[# \ehcWi `kZ_Y_Wb[i" Z[ bei fW‡i[i Z[ 7cƒh_YW$ ;b Fheo[Yje [d c[dY_ÂŒd" Yed# \ehc[ leo W i[‹WbWh [d b‡d[Wi fei# j[h_eh[i" Yedj[cfbW bei fh_dY_f_ei Z[0 kd_\ehc_ZWZ" i_cfb_Ă’YWY_ÂŒd o ehWb_ZWZ [d bei fheY[iei de f[dW# b[i" Yed\ehc[ be Z_ifed[d bei 7hj$ ',. De$ , o ',/ Z[ bW 9edij_jkY_ÂŒd Z[ bW H[f‘Xb_YW$
! E 1<:< 4B;2/:3;A<@ 23 23?316< @3 /:=/?/ 3; 9< 27@=B3@A< 3; 9<@ ?A@ E @75B73;A3@ 239 W275< 7C79 ) "( ;23A3?:7;/2/ (& ( #?27;/?7<
) . )' 0<5/2< B72< (/=7/ 38U/ 3; 1/972/2 23 B3F ;1/?5/2< 239 BF5/2< (3?13?< 23 9< 7C79 23 <@ &U<@ >B73; :327/;A3 =?<C723;17/ 23 4316/ /?F< 239 9/@ /2:7A3 9/ 23:/;2/ / A?S:7A3 <?27;/?7< E :/;2/ 1<??3? A?/@9/2< 1<; 9/ :7@:/ / 9<@ 23:/;2/2<@ 9<@ 63?323?<@ =?3 @B;A<@ E 23@1<;<172<@ 23 /?U/ 3A717/
3W; $3V/H39 E 9<@ 63?323?<@ 1<;<172<@ 9<E B43:7< 7239 ?13;7< E '<@7:/ 39 /?:3; 7:T;3F 3W; =/?/ >B3 1<;A3@A3 9/ 23:/;2/ 3; 39 AT?:7;< 23 2U/@ =/?/ =?<=<;3? 3D13=17<;3@ @B @3 1?3E3?3 /@7@A72< E =<? 1B/?A< 39 /1A<? 7;271/ 0/8< 8B?/:3;A< ;< =<23? 23A3?:7;/? 39 /1AB/9 2<:71797< 23 9<@ /117<;/2<@ <?23;/ >B3 @3 9<@ 17A3 =<? 9/ =?3;@/ 1<;4<?:3 /9 ?A 239 W275< 23 $?<1327:73;A< 7C79 7@=<;3 >B3 @3 7;@1?70/ 9/ 23:/;2/ 3; 39 &357@A?< 23 9/ $?<=732/2 239 1/;AW; %B3C32<
< >B3 993C< / @B 1<;<17:73;A< =/?/ 9<@ H;3@ 935/93@ 1<;@75B73;A3@ /2C7?A7T;2<93 23 9/ <0975/17W; >B3 A73;3 23 @3V/9/? 1/@799/ 8B2717/9 3; 3@A/ 17B2/2 =/?/ >B3 ?3170/ @B@ ;<A7H1/17<;3@ E >B3 2303?S 1<:=/?313? / 8B717< 23;A?< 23 9<@ C37;A3 2U/@ =<@A3?7<?3@ / 9/ X9A7:/ =B0971/17W; 23 3@A3 /C7@< 1/@< 1<;A?/?7< =<2?S @3? 2319/?/2/ ?303923 3?A7H1< %B3C32< /E< 239 # 6(7('0 < 04 C04
'(-
# ! & #' * & & ) ' ' & %B3 :327/; A3 @<?A3< 6/ A<1/2< 1<;<13? 23 9/ 23:/;2/ #?27;/?7/ $?3@1?7=17W; DA?/<?27;/?7/ 2>B7@7A7C/ 23 <:7;7< =9/;A3/2/ =<? ' )" # $ & O $#" @75;/2/ 1<; 39 "<
(#& ' )" # $ & O $#" " # & #' * & & ) # (# " 9 /117< ;/;A3 1<:=/?313 / 4<8/@ CB39A/ 239 =?<13@< :/;743@A/;2< >B3 23@23 39 /V< 3@ 2317? :S@ 23 /V<@ C73;3 :/;A3;73;2< =<@3@7W; =/17H1/ A?/;>B79/ 3 7;7;A3??B:=72/ @7; 19/; 23@A7;72/2 /95B;/ 23 B; =?327< B?0/ ;< @7AB/2< B071/2< 3; 9/ $/??<>B7/ '/; /:79< '31A<? 9 $7A/9 7B2/239/ #0?3?<@ B;717=/93@ =3?A3;3173; A3 / 3@A/ B72/2 23 %B3C32< @<9/? 1<; B;/ @B=3?H173 : 17? 1B;@1?7A< 23;A?< 23 9<@ @75B73;A3@ 97;23?<@ "#&( 1<; @<9/? "< 1<; : E 1<; 39 @<9/? "< 1<; : ')& 1<; 1/993 ' " 1<; : '( 1<; 39 @<9/? "< 1<; : E # '( 1<; 39 @<9/? "< 1<; : <; A/93@ /;A313 23;A3@ 23:/;2/ 3; B717< #?27;/?7< 23 $?3@1?7=17W; DA?/<?27;/?7/ 2>B7@7A7C/ 23 <:7;7< /:=/?/2< 3; 9< 27@=B3@A< 3; 9<@ ?A E :S@ 27@=<@717<;3@ 239 W275< 7C79 C753;A3 =/?/ >B3 3; @3;A3;17/ @3 2319/?3 / @B 4/C<? 9/ $?3@1?7=17W; 3DA?/<?27;/?7/ /2>B7@7A7C/ 23 2<:7;7< E 39 @7?C/ 23 8B@A< A7AB9< (& ( #& " & # ) "( " ( & "
) . )' 0 <@T ?/;17@1< 3C/99<@ ;16B;27/ B3F (3:=<?/9 ;1/?5/2< 239 BF5/2< T17:< B/?A< 23 9< 7C79 23 <@ &U<@ 3; /BA< 7;717/9 23 4316/ %B3C32< /E< 239 ! 9/@ 6 /2:7 A3 9/ 23:/;2/ / A?S:7A3 23 B717< #?27;/?7< E <?23;/ @3 17A3 /9 23:/;2/2< & #' * & & ) =<? 9/ =?3;@/ 1<;4<?:3 / 9< 27@=B3@A< 3; 39 ?A 239 W275< 23 $?<1327:73;A< 7C79 =<? /H?:/? 9/ /1A<? 0/8< 8B?/:3;A< >B3 93 3@ 7:=<@7093 23A3?:7;/? @B ?3@723;17/ E 2<:71797< $/?A71B9/? >B3 @3 =<;3 3; 1<;<17 :73;A< 239 /117<;/2< /2C7?A7T;2<93 23 9/ <0975/17W; >B3 A73;3 23 1<:=/ ?313? /9 8B717< 23;A?< 239 AT?:7;< 23 93E /@U 1<:< 9/ 23 @3V/9/? 1/@7993?< 8B2717/9 3; T@A/ 17B2/2 =/?/ 4BAB?/@ ;<A7H1/17<;3@ %B3C32< 23 /E< 239 % $3C$ $3$ 6A3(;
#
!
/ <<=3?/A7C/ 23 6<??< E ?T27A< G 23 #1AB0?3I A2/ ! =<;3:<@ 3; 1<;<17:73;A< 239 =X0971< >B3 63:<@ @72< ;<A7471/2<@ 23 9/ =T? 272/ 23 9/ 970?3A/ 23 9/ B3;A/ 23 6<??<@ " <A<?5/2/ /9 '? / & #" ' & *# " & '7 A?/;@1B??72<@ 2U/@ 23 9/ =B097 1/17W; 23 3@A3 /C7@< "# @3 =?3@3; A/?3 ?319/:< /95B;< 3; ;B3@A?/@ <4717;/@ '3 =?<1323?S / 9/ /;B9/17W; ?3@=31A7C/ @7; ?3@=<;@/07972/2 =/?/ ;B3@A?/ 7;@A7AB17W; E =<? 3;23 / 9/ 3:7@7W; 23 B;/ ;B3C/ 970?3A/
!
'3 =<;3 3; 1<;<17:73;A< 239 =X0971< 3; 53;3?/9 39 3DA?/CU< 23 9/ 70?3A/ 23 9/ B3;A/ 23 6<??<@ "< $3?A3;3173;A3 /9 '? 5B79/? &<2?75B3F
<?3;F/ *71A<?7/
'3 =<;3 3; 1<;<17:73;A< 239 =X0971< 3; 53;3?/9 39 3DA?/CU< 23 9/ 70?3A/ 23 9/ B3;A/ 23 6<??< =3?A3;3 173;A3 / <?37?/ %B7?<F ?/;9E 3;39<; 1<; T2B9/ "<
'B1 3; *7;13@
( &
(&
!
/ <<=3?/A7C/ 23 6<??< E ?T27A< G 23 #1AB0?3I A2/ ! =<;3:<@ 3; 1<;<17:73;A< 239 =X0971< >B3 63:<@ @72< ;<A7471/2<@ 23 9/ =T? 272/ 23 9/ 970?3A/ 23 9/ B3;A/ 23 6<??<@ " <A<?5/ 2/ /9 '? / " ( & # &+ " # & '7 A?/;@1B??72<@ 2U/@ 23 9/ =B097 1/17W; 23 3@A3 /C7@< "# @3 =?3@3; A/?3 ?319/:< /95B;< 3; ;B3@A?/@ <4717;/@ '3 =?<1323?S / 9/ /;B9/17W; ?3@=31A7C/ @7; ?3@=<;@/07972/2 =/?/ ;B3@A?/ 7;@A7AB17W; E =<? 3;23 / 9/ 3:7@7W; 23 B;/ ;B3C/ 970?3A/
(&
!
! ' $#" " #"# "(# $R # " " & ,(& *O# & ( ) "( #&&#' " $ &( " "( '& ") , " * ' && ' (#'
'3 =<;3 3; 1<;<17:73; A< 239 =X0971< 3; 53;3?/9 39 3DA?/CU< 23 9/ 70?3A/ 23 9/ B3;A/ 23 6<??< =3?A3 ;3173;A3 / *39<F *39/@1<
3<;/?2< 7;@<= 1<; T2B9/ "<
* "( " '
(&
!
"
%$! / ()
)' ( ! % () !
$# $!$ &* #
( !$ #+$!* ' #
+ ' $( '/" # ( Ŋ ŊěŊ Kd c_dkY_eie ef[#
hWj_le eh]Wd_pWZe feh bW Feb_Y‡W @kZ_Y_Wb Z[b YWdjÂŒd ;b ;cfWbc[ ^_pe fei_Xb[ ZWh Yed bW YWfjkhW Z[ 7Zh_|d @e[b IebÂŒhpWde 7i# i[d" Z[ (& W‹ei" c|i YedeY_Ze Yece Ăˆ;b Ced]ebeÉ o kd c[deh Z[ [ZWZ" Wi‡ be _d\ehcÂŒ Wo[h c[# Z_Wdj[ kdW [djh[l_ijW [b `[\[ Z[b :[ijWYWc[dje Z[ Feb_Y‡W Z[ ;b ;cfWbc[" j[d_[dj[ Yehed[b" 9Wh# bei C[hW$ >WijW [b i[Yjeh ( Z[ CWoe i[ WY[hYWhed lWh_ei kd_\ehcWZei" gk_[d[i YWo[hed feh iehfh[# iW Yed ehZ[d Z[ WbbWdWc_[d# je Wb Zec_Y_b_e ZedZ[ [ijWXW ^WX_jWdZe IebÂŒhpWde$ ;b `[\[ Z[ bW Feb_Y‡W @kZ_Y_Wb Z[ ;b ;cfWbc[" YWf_j|d" =[hc|d 7YeijW" gk_[d [ijkle Wb cWdZe Z[b ef[hWj_le _dZ_YÂŒ gk[ YedjW# XWd Yed bW ehZ[d Z[ WbbWdWc_[d# je" o gk[ YkWdZe _d]h[iWhed Wb bk]Wh Ăˆ;b Ced]ebeÉ de i[ [dYed#
!
$()
jhWXW [d [b _dj[h_eh Z[ bW l_l_[d# ZW$ ÆI[]k_cei Yed bW X‘igk[ZW o [d [b fWj_e [ijWXW kd j[bƒ\ede XejWZe" be gk[ dei Z_e kdW f_i# jW Z[ gk[ _dj[djWdZe \k]Whi[Ç" _dZ_YÂŒ$ 7]h[]ÂŒ gk[ _dc[Z_WjW# c[dj[ fWhj[ Z[b f[hiedWb YkXh_ÂŒ bW fWhj[ feij[h_eh Z[ bW YWiW o Ă’dWbc[dj[ [b ik`[je \k[ Whh[i# jWZe$ 7b _dijWdj[" IebÂŒhpWde \k[ bb[lWZe ^WijW [b :[ijWYWc[dje Z[ Feb_Y‡W$ 7b bk]Wh bb[]Whed Wc_]ei o \Wc_b_Wh[i Yed _dj[dY_ed[i Z[ Z[`Whbe [d b_X[hjWZ" Wdj[ bW i_jkW# Y_ÂŒd i[ f_Z_ÂŒ h[\k[hpe Wb =hkfe Z[ Ef[hWY_ed[i ;if[Y_Wb[i Z[ bW Y_kZWZ Z[ Gk[l[Ze =E; fWhW [l_jWh kd fei_Xb[ [d\h[djWc_[d# je Yed bWi f[hiedWi gk[ [ijWXWd
' 0# $!3'. #$ () '1 #+$!* ' $ # + ' $( ( ( # )$( (1 !$ # $'"3 ! ! () " #)$ ! "% !"
[d bWi W\k[hWi Z[ bW fh[l[dY_ÂŒd$ Feij[h_ehc[dj[ [b Z[j[d_Ze \k[ jhWibWZWZe ^WijW [b ^eif_jWb Z[ bW beYWb_ZWZ fWhW [b h[if[Yj_le Y^[# gk[e o feh i[]kh_ZWZ jhWdi\[h_Ze W bW Y|hY[b Z[ Gk[l[Ze$
fk[ije gk[ c[i[i Wjh|i i[ [d# YedjhWXW [d CedjW‹_jW$ C[hW h[l[bÂŒ gk[ 7Zh_|d IebÂŒhpWde [ijWh‡W _dlebkYhWZe [d c|i Z[ YkWjhe Yh‡c[d[i$ Æ;b `el[d \k[ Z[j[d_Ze [d Ă“W]hWdY_W feh j[# d[dY_W _b[]Wb Z[ WhcW Z[ \k[]e" fk[ije gk[ Wb cec[dje Z[ ik ' ! ) ''$' ! "% !" 7b h[if[Yje [b j[d_[dj[ Yehe# Wfh[^[di_ÂŒd i[ [dYedjhÂŒ kdW d[b" 9Whbei C[hW" cWd_\[ijÂŒ gk[ ikXWc[jhWbbWZehWÇ [nfb_YÂŒ$ 7i_c_ice Z[jWbbÂŒ gk[ ieXh[ \k[ feh jhWXW`ei Z[ _dj[b_][d# Y_W Z[ bW Feb_Y‡W gk[ i[ YedeY_ÂŒ IebÂŒhpWde f[iWXW kdW Xeb[jW Z[ Z[b fWhWZ[he Z[ Ăˆ;b Ced]ebeÉ" YWfjkhW feh fh[ikdje Wi[i_dWje$
ĹŠ Ä› DWZ_[ _cW]_dÂŒ gk[ bW
l_ZW Z[ kd `el[d W]h_Ykbjeh i[ WfW]Wh‡W bk[]e Z[ gk[ iWb_[hW W f[iYWh W kdW fepW o kd ]ebf[ be cWdZWhW Wb c|i Wbb|$ ;hW bW cW‹WdW Z[b Zec_d]e o Ă›d][b ?iW‡Wi Oƒf[p Ck‹ep" Z[ (' W‹ei" Z[Y_Z_ÂŒ iWb_h W f[iYWh W kdei c[jhei Z[ ik YWiW kX_YWZW [d [b h[Y_dje Bei Ă›d][b[i" f[he kd h[iXWbÂŒd ^_pe gk[ ik YWX[pW i[ ]ebf[WhW YedjhW kdW YWdYW]kW o \k[hW ikĂ’Y_[dj[ fWhW WYWXWh Yed ik l_ZW$
;b de j[d[h dWZ_[ gk[ be Wkn_# b_WhW ^_pe gk[ Ă›d][b i[ W^e]WhW$ ;b Yk[hfe \k[ XkiYWZe feh bei c_[cXhei Z[ =[ij_ÂŒd Z[ H_[i]e \k[ [dYedjhWZe W [ie Z[ bWi ''0ee" gk_[d[i Yed bei W][dj[i feb_Y_W# b[i be]hWhed bb[lWh [b YWZ|l[h ^WijW bW ceh]k[ Z[ bW beYWb_ZWZ$ Ă›d][b Oƒf[p [hW kd `el[d W]h_Ykbjeh gk[ j[d‡W jh[i c[# i[i Z[ ^WX[hi[ Yecfhec[# j_Ze$ Ik fWZh[ @kWd Oƒf[p 8kijWcWdj[ [d [b Wd\_j[Wjhe bWc[djWXW ik ck[hj[$
! $+ # 2$( ( + ! $ $- # ! ' #)$ $( /# ! (
() ! *
!! + $ $!3'. #$
ĹŠÄ› 7 fh_c[hW ^ehW Z[ bW
cW‹WdW Z[ Wo[h" bei cehWZeh[i Z[b i[Yjeh B[Y^k]Wb \k[hed j[ij_# ]ei Z[b Y^egk[ [djh[ kd l[^_Ykbe 9^[lheb[j IfWha Yebeh he`e o kdW YWc_ed[jW Yebeh XbWdYe" gk[ feh feYe j[hc_dŒ [d jhW][Z_W$ ;b f[hYWdY[ eYkhh_Œ W bWi -0&&" Zei l[^‡Ykbei [djh[ [bbei0 kdW YWc_ed[jW gk[ i[ cel_# b_pWXW Yed Z_h[YY_Œd Wb i[Yjeh Bei 7cWh_bbei o kd Wkje Yed ^WY_W L[djWdWi" i[ _cfWYjWhed [d fb[dW l‡W$ Bei YedZkYjeh[i Z[ bei Wkje# cejeh[i iWb_[hed _b[iei Z[b WYY_# Z[dj[" c_[djhWi gk[ bei YWhhei \k[hed jhWibWZWZei feh f[hiedWb Z[ jh|di_je" W bei fWj_ei Z[b 9e# cWdZe Z[ bW Feb_Y‡W [d L[djWdWi$
() ! "$' * ! #)3# # ( * )' (! $ ! * '%$ !
* #$ &* ( $ 3 ! 1 $" # $ # ! " 2 #
$' %$ $ ) '" #3 #
)' # ! ( )$' * !
"
$*:%-,- #$* 2=
* -,&-*-
5$0 * +$#(-#; #0(9, -*=06 ,- %3$ #$2$,(#- )3,2- 3, +$,-0 #$
$# # .-0 * -*("; 3#("( * #$ * +. *+$ -*("; (,%-0+= /3$ 1$ *- (+ .*(" $, "0;+$,$1
9&(,
""(#$,2$
1-*- #$)=
.:0#(# 1
+ 2$0( *$1
9&(,
, $+. 2$ +91 $, " 1
"& ! # ) *& ' ' . # !& % $ $%
% %& # ) # % $%&' &) # % #$ # ' # $& % + & 9&(,
12 ! .$1" ,#- 5 1$ '-&=
7,&$* :.$6 3<-6 - $ ! $ # $& $ # % $ , $ & & ! ( # & 9&(,