Issuu on Google+


*DI XJMM EBT OžDITUF )FGU OJDIU BMMFJOF HFTUBMUFO TPOEFSO FJOJHFO 'PUPGSFVO EFO FJOF 'SBHF TUFMMFO )žUUFTU EV -VTU EJFTF 'SBHF [V CFBOU XPSUFO VOE NJU FJOJHFO #JMEFSO [V JMMVTUSJFSFO &T TQJFMU LFJOF 3PMMF 8"4 EV BOUXPS UFTU *DI EFOLF PGU v'PUPHSBGJF JTU EJF 4VDIF OBDI EFO WFSMPSFOFO #JMEFSO EFS ,JOEIFJUi XBT EFOLTU EV ³CFS EJFTFO 4BU[ &NQGJOEFTU EV žIOMJDI PEFS MFIOTU EV JIO BC 8BT JTU G³S EJDI 'PUPHSBGJF %JFTF ;FJMFO TDIJDLUF JDI BO FJOJHF NFJOFS 'SFVOEF JO GMJDLS .BODIF SFBHJFSUFO OJDIU BOEFSF CBUFO VN ;FJU VSTQS³OHMJDI XBS BMT &STDIFJOVOHTUFSNJO v)FSCTU i HFQMBOU VOE BOEFSF TDIJDLUFO TPGPSU 5FYUF EBOO 'PUPT PEFS VNHFLFISU "MT JDI  'PUPHSBGFO [VTBNNFO IBUUF EJF 4FJUFO WPO NJS [VTBNNFOHFCBVU VOE EJF ,POUSPMMBVTESVDLF WPO EFO "VUPSFO BCHFTFHOFU XBSFO FOUTDIJFE JDI NJDI +&5;5 FJO -VNBIP NBHB[JO [V WFS®GGFOU MJDIFO XFJM JDI NFJOF  "VUPSFO TJOE G³S EFO BVGNFSLTBNFO -FTFS VOE #FUSBDIUFS BN #JMETDIJSN TDIPO FJOF )FSBVTGPSEFS VOH 8FJUFSF #FJUSžHF XFSEF JDI JN OžDITUFO )FGU WPSBVTTJDIUMJDI )FSCTU  WFS®GGFOUMJDIFO EB[V OPDI    "SUJLFM JO EFS CJTIFS CFLBOOUFO "SU *DI žOEFSUF EBT 'PSNBU WPO -VNBIP NBHB[JO XFJM FJO 2VBESBU G³S NJDI CFTTFS [V HFTUBMUFO JTU /VS XFOJHF 'PUPT NVTTUF JDI NJOJNBM CFTDIOFJEFO 8FS CFJ EFS OžDITUFO "VTHBCF WPO -VNBIP NBHB[JO EBCFJ TFJO XJMM TPMM TJDI CJUUF QFS FNBJM CFJ NJS NFMEFO "VDI TFIS HFSOF NJU BMMHFNFJOFO #FJUSžHFO [VS 'PUPHSBGJF "CFS CJUUF LFJOF vSFJOFO #JMECFJUSžHFi 'PSTU JN .BJ  .BOGSFE )PGNBOO -6.")0

.*UBSCFJUFS EJFTFS "VTHBCF 4BMWBUPSF "NCSPTJ *UBMJFO

+BDL #BJMFZ 64"

.BSUJO #BSUIPMNZ %FVUTDIMBOE64"

+®SH #FISJOH %FVUTDIMBOE

"OB $BMEBT 1PSUVHBM

'BISFUUJO &SH³WFO 5³SLFJ

'MPSJBO 'SJUTDI %FVUTDIMBOE

.BOGSFE (FZFS %FVUTDIMBOE

.BOGSFE )PGNBOO %FVUTDIMBOE

1BWFM 1FUSPT 5TDIFDIJFO

)BS 4VCBHI 64"

"MT ,JOE MJFCF JDI TPMDIF "VUPNBUFO BCFS NFJOF .VUUFS GBOE TJF VOIZHJFOJTDI +FNBOE IžUUF EFO "VTXVSGTDIBDIU CFTDINVU[FO L®OOFO BV“FSEFN TFJFO EJF EBSJO CFGJOEMJDIFO ,BVHVNNJT žV“FSTU VOHFTVOE VOE JN ³CSJHFO IžUUFO XJS [V )BVTF GSJTDIFO ,VDIFO EFS TFJ TPXJFTP CFTTFS 4JF IBU JIS -FCFO MBOH ,VDIFO HFCBDLFO VOE NJU HSP“FS 'SFVEF BOEFSF EB[V FJOHFMBEFO .FJOF 'SFVEF BO EJFTFO ,BVHVNNJT IJFMU OJDIU TP MBOHF VOE JSHFOEXBOO NFSLUF JDI EBTT 4³“JHLFJUFO NJDI MBOHXFJMFO

%FO #FJSBH WPO 4BMWBUPSF "NCSPTJ ³CFS TFU[UF 4BSBI )PM[ BVT EFN *UBMJFOJTDIFO %BT 5JUFMCJME FOUOBIN JDI EFN #FJUSBH WPO "OB $BMEBT %FS 3³DLUJUFM JTU USBEJUJPOTHFNž“ FJOF vJO NPUJPOi "VGOBINF WPO NJS *DI EBOLF BMMFO #FUFJMJHUFO SFDIU IFS[MJDI

-6.")0 .BHB[JO JTU FJO WJSUVFMMFT )FGU 7FSBOUXPSUMJDI G³S EFO *OIBMU .BOGSFE )PGNBOO 4JMWBOFSXFH   'PSTU )PGNBOO'PSTU!HPPHMFNBJMDPN XXXMVNBIPEF


4BMWBUPSF "NCSPTJ #JUPOUP "QVMJFO *UBMJFO * XBT CPSO JO #JUPOUP "QVMJB JO TPVUIFSO *UBMZ BOE * MJWF UIFSF * BN TJYUZGJWF ZFBST BOE * IBWF EFEJDBUFE B MPU PG UJNF UP QIPUPHSBQI CFTJEFT UP NZ GBNJMZ BOE NZ XPSL *AN TVSQSJTFE UIBU NZ QBTTJPO GPS JU JT HFUUJOH CJHHFS FWFSZ EBZ JOTUFBE PG XFBLFOJOH IUUQTXXXGMJDLSDPNQIPUPT TBMWBUPSFBNCSPTJ IUUQTBMWBUPSFBNCSPTJUVNCMSDPN *DI EFOLF EBTT EJF 'PUPHSBGJF FJOF EFS TDI®OTUFO #FTDIžGUJHVOHFO EFT UFDIOJTDI CFXBOEFSUFO .FOTDIFO JTU %JF EJHJUBMF 5FDIOPMPHJF TDIFJOU BVT EFS #FTDIžGUJHVOH NJU BMMFO 7FSGBISFO EFS &OUXJDLMVOH VOE EFT %SVDLT EJF EBT WFS HBOHFOF +BISIVOEFSU LFOO[FJDIOFUFO FOUTUBOEFO [V TFJO %JF ;FJU EJF [XJTDIFO EFS "VGOBINF VOE EFN 3FTVMUBU WFSHFIU JTU QSBLUJTDI BVGHFIPCFO 4PHBS EBT #JME LBOO JOOFSIBMC FJOFT "VHFOCMJDLT HF[FJHU VOE BVG EFS HBO[FO 8FMU WFSCSFJUFU XFSEFO %JF 'PUPHSBGJF XJSE [VOFINFOE [V FJOFS NFOUBMFO "LUJWJUžU *O JIS GJOEFO TJDI FJOJHF &JHFOTDIBGUFO EJF EFN LJOEMJDIFO 7FSIBM UFO FJHFO TJOE EJF /FVHJFS EBT 4QJFM EJF 7PSTUFMMVOHTLSBGU 8BT NJDI BOHFIU JDI TQJFMF TUFMMF NJS WPS VOE BN³TJFSF NJDI 6OUFS EFO (FOSFT EFS 'PUPHSBGJF CFWPS[VHF JDI EJF 'PUPTUSFDLF XFJM TJF NJS EJF .®HMJDILFJU HJCU NFJOF #FPCBDIUVOHTHBCF [V TDIVMFO 8FOO JDI .FOTDIFO GPUPHSBGJFSF JTU FT OJDIU NFJOF "CTJDIU BOUSPQPMPHJTDIF PEFS TP[JPMPHJTDIF 4UVEJFO [V CFUSFJCFO .JDI JOUFSFTTJFSU MFEJHMJDI FJO HVUFT 'PUP [V NBDIFO '³S NJDI JTU FJO 'PUP HVU XFOO TJDI BMMF &MFNFOUF EJF TJDI [VN #JME [VTBNNFOG³HFO EJF SJDIUJHF 1MBU[JFSVOH VOE (S®“F IBCFO *DI GPUPHSBGJFSF BVT SFJOFN 7FSHO³HFO VOE NFJEF VOBOHFOFINF 5IFNFO VOE &SFJH


OJTTF %JF 'PUPHSBGJF JTU TFIS XJDIUJH G³S NJDI *DI HMBVCF OJDIU [V ³CFSUFJCFO XFOO JDI CFIBVQUF EBTT TJF FJOF "SU EFS .FEJ UBUJPO JTU EJF G³S NFJOF JOOFSF "VTHF HMJDIFOIFJU OPUXFOEJH JTU 4JF FSMBVCU NJS I®IFSF &CFOFO EFS ,PO[FOUSBUJPO [V FSSFJ DIFO WFSHMFJDICBS NJU EFOKFOJHFO EJF JO žIOMJDI NFEJUBUJWFO (BUUVOHFO [V GJOEFO TJOE XJF EJF EFT BMMHFNFJO BOFSLBOOUFO "OHMFST BN 'MV“VGFS PEFS 4DINFUUFSMJOHT GžOHFST ³CFSUSBHFO BVT EFN *UBMJFOJTDIFO WPO 4BSBI )PM[

0SJHJOBMUFYU WPO 4BMWBUPSF 1FOTP DIF MB GPUPHSBGJB TJB VOB EFMMF QJ± QJBDFWPMJ PDDVQB[JPOJ EFMMAVPNP UFDOPMPHJDP-B UFDOPMPHJB EJHJUBMF TFNCSB BWFSDJ MJCFSBUP EBM MBWPSP SFMBUJWP B UVUUJ J QSPDFEJNFOUJ EJ TWJMVQQP F EJ TUBNQB DIF MB DBSBUUFSJ[[BWBOP OFM TFDPMP TDPSTP * UFNQJ DIF JOUFSDPSSPOP EBMMP TDBUUP BM SJTVMUBUP TPOP QSBUJDBNFOUF BOOVMMBUJ "EEJSJUUVSB MAJNNBHJOF QV¬ FTTFSF NPTUSBUB F DPOEJWJTB OFMMAJOUFSP HMPCP JO VO JTUBOUF -B GPUPHSBGJB £ EJWFOUBUB TFNQSF Q± BUUJWJUœ NFOUBMF *O FTTB TJ SJUSPWBOP BMDVOF DBSBUUFSJTUJDIF DIF TPOP QSPQSJF EFM DPNQPSUBNFOUP JOGBOUJMF MB DVSJPTJUœ JM HJPDP MAJNNBHJOB[JPOF 1FS RVBOUP NJ SJHVBSEB JP HJPDP JNNBHJOP F NJ EJWFSUP 'SB J HFOFSJ GPUPHSBGJDJ QSFGFSJTDP MB GPUP EJ TUSBEB QFSDI£ NJ Eœ NPEP EJ UFOFSF JO FTFSDJ[JP MB NJB DBQBDJUœ EJ PTTFSWB[JPOF 1FS RVBOUP JP GPUPHSBGJ MB HFOUF OPO £ NJB JOUFO[JPOF TWPMHFSF JOEBHJOJ BOUSPQPMPHJDIF P TPDJPMPHJDIF .J JOUFSFTTB TPMUBOUP GBSF CVPOF GPUP 1FS NF VOB GPUP £ CVPOB RVBOEP UVUUJ HMJ FMFNFOUJ DIF MB DPNQPOHPOP TPOP BM HJVTUP QPTUP F OFMMB HJVTUB NJTVSB 'BDDJP GPUP QFS QVSP QJBDFSF F SJGJVUP TPHHFUUJ F BWWFOJNFOUJ THSBEFWPMJ -B GPUPHSBGJB £ NPMUP JNQPSUBOUF QFS NF $SFEP EJ OPO FTBHFSBSF BGGFSNBOEP DIF £ VOB GPSNB EJ NFEJUB[JPOF OFDFTTBSJB QFS JM NJP FRVJMJCSJP JOUFSJPSF &TTB NJ QFSNFUUF EJ SBHHJVOHFSF BMUJ MJWFMMJ EJ DPODFOUSB[JPOF QBSBHPOBCJMJ B RVFMMJ DIF TJ SJTDPOUSBOP JO DBUFHPSJF BOBMPHBNFOUF NFEJUBUJWF DPNF RVFMMF VOJWFSTBMNFOUF SJDPOPTDJVUF EFM QFTDBUPSFJOSJWBBMGJVNF P EFM DBDDJBUPSF EJ GBSGBMMF


"OB$BMEBT "OB 4BOESB $BMEBT 'SBODP 1PSUVHBM v*AN "OB 4BOESB $BMEBT BOE * XBT CPSO JO -JTCPO JO  BOE MJWFE JO UIF DPVOUSZ GJFME UJMM NZ  ZFBST PME  5IFO J DBNF UP UIF DJUZ UP UIF TVCVSCJB OFBS -JTCPO  * SFNFNCFS XFMM UIF GJSTU JNQSFTTJPOT PG UIF IPVTF XIFO J DBNF BOE UIF GFFMJOHT JU DBVTFT PO NF XJUI UIPTF DPMPST BOE UFYUVSFT BOE TUJMM J IBWF JU PO NZ NJOE * TUVEJFE 1TZDIPMPHZ JO UIF 6OJWFSTJUZ BOE J EPOAU SFHSFU  * MJLFE * LOPX JU XBT XIBU J XBOUFE UP TUVEZ OPU UP VOEFSTUBOE UIF PUIFST PS NZ TFMG CVU UP NBLF UPHFUIFS B vQBSBMFM SPPUi UP GFFM UIBU QFPQMF IBWF UIF QPXFS BOE DBO BDIJFWF UP UIFJS PXO XBZ BMPOF NBZCF XJUI TPNF IFMQ "MTP J GJOE QFPQMF GBTDJOBUJOH UIF VOLOPXO UIF VODPOTDJPVT UIF IPQFT BOE GFBST  *T UIJT DPNQMFYJUZ PG UIF IVNBO CFJOH J MJLF UIF NPPET BOE UIBU JT QSFTFOU PO NZ QIPUPHSBQIZ XPSLi IUUQTXXXGMJDLSDPNQIPUPT!/

v1IPUPHSBQIZ JT UIF TFBSDI GPS UIF MPTU JNBHFT PG DIJMEIPPEi TJODF J SFNFNCFS NF J SFNFNCFS JNBHFT J SFNFNCFS TFBU PO B CBOL PO UIF BGUFSOPPOT JO UIF PME HSBOENPNAT IPVTF UIJOLJOH JO JNBHFT UIBU XFSF SFNBSLBCMF JO UIBU EBZ  4UJMM J EP IBWF TPNF JO NZ NJOE 5IPTF JNBHFT XFSF DSVDJBM UP NF DBVTF JU HBWF NF UIF QPTTJCJMJUZ PG JNBHJOF JNBHJOF B TDFOBSZ JNBHJOF B vJGi 5IFO NZ GBUIFS IF MJLFE QIPUPHSBQIZ BOE IF TIPXFE NF PME QJDUVSFT BOE HBWF NF UIF DIBODF PG UBLF QIPUPT XJUI IJT DBNFSB BOE JU XBT BO IVHF UIJOH CFDBVTF OPU POMZ XBT QPTTJCMF UP JNBHJOF GSPN PUIFSAT QIPUPT CVU BMTP DSFBUF TPNFUIJOH OFX NZ DSFBUJPO *OEFFE CFDBVTF PG UIBU ZFT J EP CFMJFWF JU BMM TUBSUFE JO NZ FBSMZ EBZT UIF JNBHFSZ BTTPDJBUFE XJUI GFBST BOE IPQFT BOE BMM UIPTF GFFMJOHT PG DIJMEIPPE WFSZ TUSPOH BOE SFNBSLBCMF $FSUBJOMZ UIBU TFBSDI DPOUJOVF JO B GPSN PG RVFTUJPOT  1IPUPHSBQIZ JT UIF QPTTJCJMJUZ PG EFBM XJUI UIJOHT J IBWF JO NZ NJOE BOE BSF IJEEFO JT GSP[F BMTP B NPNFOU CVU JT NPSF UIBO UIBU JT B QPTTJCJMJUZ B EJTDPWFS BO JOOFS BOE QFSTPOBM EJTDPWFS NBZ J TBZ "MTP CFDBVTF JAN WFSZ v7JTVBMi JO UIF TFOTF UIF UIJOHT J TFF BOE FYQFSJNFOU UIFZ IBWF B DPSSFTQPOEFODF XJUI BO JNBHF BOE JT DSVDJBM UP NF UP vTFFi BOE USZ UP TFF CFIJOE J IBWF UIBU OFFE UP UBLF QIPUPT BOE UBLF QIPUPT XJUI B DPSSFTQPOEBODF PG NZ GFFMJOHT BOE NPPET 1IPUPHSBQIZ JT OPU B DBUBSTF UP NF PS B XBZ PG TPMWF NZ ESBNBT CVU J EP GFFM J OFFE UP UBLF QIPUPT PG KPZ PG TBEOFTT PG TJNQMF BOE DPNQMFY UIJOHT * MPWF BMTP QMBZ XJUI UIF JNBHFT DSFBUF BUNPTQIFSFT PS BEE NZTUFSZ PS PUIFS GFFMJOHT


1BWFM 1 1BWFM 1FUSPT $[FDI 3FQVCMJD *N y B XBOEFSFS BO VSCBO IJLFS BO JOEVTUSJBM BENJSFS B DPVOUSZTJEF MPWFS B MJHIU BOE TIBEPX IVOUFS BO PCTFSWFS B EJHJUBM DBNFSB PXOFSyBOE * EPOU MJLF UIF XPSE iQIPUPHSBQIFSw

.PUUP

8IBU JT ZPVS GBWPSJUF QIPUPHSBQIZ TVCKFDU

*U BMXBZT IBQQFOT VOFYQFDUFEMZ BSPVOE UIF OFYU DPSOFS JO UIF OFYU TUSFFU XIFO * BN BU UIF MBTU NJOVUF CVU BMXBZT XJUI B TQBSL PG IPQF 5IBU JT XIFO JU XPVME IBQQFO 5IBU DBQUVSF

(FOFSBMMZ * XPVME DBMM NZ TVCKFDU iVSCBO QIPUPHSBQIZw iDPOUFNQPSBSZ MBOETDBQFw PS QFSIBQT i/FX 5PQPHSBQIJDTw * MJLF UP XBOEFS XJUI NZ DBNFSB UISPVHI UIF RVJFU TUSFFUT JO UIF QFSJQIFSJFT PG DJUJFT BOE BMTP JO SVSBM BSFBT XJUI UIF BJN PG DBQUVSJOH iIVNBO BMUFSFE FOWJSPONFOUTw

0O UIF PUIFS IBOE * MJLF UP QIPUPHSBQI GBDUPSJFT BOE JOEVTUSJBM BSFBT BOE MPPL BU UIF FWFSZEBZ BOE DPNNPO TDFOFT JO EJGGFSFOU XBZT * MJLF UP PCTFSWF BOE QIPUPHSBQI IPX UIF MJHIU DIBOHFT NVOEBOF TDFOFT JOUP TPNFUIJOH VOVTVBM IPX MJHIU JT BCMF UP VQMJGU UIF PSEJOBSZ UP BOPUIFS MFWFM * PGUFO MPPL GPS DPMPST TIBEPXT BOE UFYUVSFT BSPVOE NF


* NFBO JG * QBTT CZ B OJDFMZ MJU PME XBMM JO B EFDBZJOH IJHI TUBEJVN UIFSF JT OP XBZ * DBO MFU JU HP * MPPL BSPVOE FWFSZ UJNF * BN PVUTJEF FWFO JG * BN PO NZ XBZ UP UIF HSPDFSZ TIPQ *G * TFF TPNFUIJOH UIBU BUUSBDUT NZ BUUFOUJPO * XJMM KVNQ PVU PG UIF DBS JO B TFDPOE 4PNF UJNF BHP * XBT ESJWJOH NZ DBS IFBEJOH UP QJDL VQ NZ EBVHIUFS GSPN QSF TDIPPM XIFO TVEEFOMZ * HMJNQTFE B CSJHIU SFE XBSFIPVTF * QVMMFE NZ DBS PWFS BOE GPVOE UIBU UIF SFE XBSFIPVTF IBE B DPSSVHBUFE XBMM 5IF HBUF XBT PQFO BOE * FOUFSFE UIF ZBSE * UPPL B DPVQMF PG QJDUVSFT BOE TVEEFOMZ B XPMGIPVOE BQQFBSFE SVOOJOH UPXBSET NF * QBOJDLFE BOE KVNQFE PWFS B UXP NFUFS IJHI GFODF * EPOU LOPX IPX * EJE JU CVU NZ DBNFSB XBT TUJMM TXJUDIFE PO BOE * XBT IPMEJOH JU JO NZ MFGU IBOE 6OGPSUVOBUFMZ NZ XIJUF TIJSU BOE KFBOT XFSF DPWFSFE JO SVTU TUBJOT 8IBU QSPKFDU BSF ZPV XPSLJOH PO * IBWF NPSF QSPKFDUT UIBU * BN XPSLJOH PO 5IFZ FYJTU JO NZ IFBE PS UP UFMM UIF USVUI BT B OPUF JO NZ TNBSUQIPOF OPUFQBE 0OF PG UIFN JT EPDVNFOUJOH UIF iHFOJVT MPDJw PG BMMPUNFOU HBSEFOT UIBU BSF XJEFMZ QPQVMBS JO UIF QFSJQIFSJFT PG FWFSZ UPXO JO UIF $[FDI 3FQVCMJD -BUFMZ * BDDJEFOUBMMZ SBO JOUP B GMFB NBSLFU JO NZ BSFB XIJMF * XBT PO B XBML XJUI NZ GBNJMZ * XBT UPUBMMZ GBTDJOBUFE CZ JUT TPDJBM BTQFDU UIF KVOLLJUTDI UIFZ XFSF TFMMJOH PO POF TJEF BOE TFMMFSTCVZFST PO UIF PUIFS *U XBT MJLF * IBE EJTDPWFSFE B XIPMF OFX EJNFOTJPO TP * UIPVHIU JU NJHIU CF B HSFBU JEFB UP XPSL PO B TFSJFT GSPN GMFB NBSLFUT 1BWFM IUUQQFUQBWFUVNCMSDPN IUUQTXXXGMJDLSDPNQIPUPT QFWFMQFUSPT


jqdqmqnngmvkx ~ 肩õ献玄禽nnq玄qsq戟 'MPSJBO 'SJUTDI #FSMJO %FVUTDIMBOE *DI CJO y EBT "VHF  EBT TJFIU EFS ,®SQFS  EFS G³IMU EJF 4FFMF EJF XBOEFSU 3VIFMPT  JNNFS EFO MBOHFO 8FH OBDI )BVTF OFINFOE *DI TJOHF -JFEFS  JDI GPUPHSBGJFSF y TPOHT BCPVU SPWJOH SBNCMJOH BOE QMBJO IBSE MVDL  QIPUPHSBQIZ GSPN UIF PUIFS TJEF  XXXIPCPLPMMFLUJWOFU IUUQTXXXGMJDLSDPNQIPUPT IPCPLPMMFLUJW 'PUPHSBGJF JTU G³S NJDI G³S NJDI VOFOEMJDI WJFM NFIS BMT EJF 4VDIF OBDI EFO WFSMPSFOFO #JMEFSO EFS ,JOEIFJU 'PUPHSBGJF JTU EJF #FHFHOVOH NJU EFS FJHFOFO 7FSHBOHFOIFJU  'PUPHSBGJF JTU EJF #FHFHOVOH NJU EFO #³DIFS EJF JDI MFTF  'PUPHSBGJF JTU EJF #FHFHOVOH NJU EFS .VTJL EJF JDI I®SF  'PUPHSBGJF JTU EJF #FHFHOVOH NJU EFO .FOTDIFO EJF JDI MJFCF  'PUPHSBGJF JTU EJF #FHFHOVOH NJU EFO 0SUFO BO EFOFO JDI XBS  'PUPHSBGJF JTU EJF #FHFHOVOH NJU EFN )PSJ[POU EFS EFO FJHFOFO FSXFJUFSU  .BODINBM SBVI  EVOLFM .BODINBM IFMM  CVOU /JFNBMT HFSBEFBVT (FSOF VN EJF &DLF *NNFS BCFS TP VOUFSTDIJFEMJDI  FISMJDI XJF EJF 4USB“FO BVG EFOFO JDI HFIF VN EFO #³DIFSO EFO -JFEFSO EFO .FOTDIFO  EFN )PSJ[POU FJO XFOJH OžIFS [V LPNNFO 6OE EBNJU WJFMMFJDIU BVDI NJS TFMCTU  NFJOFS 7FSHBOHFOIFJU [V CFHFHOFO &JOF 3FJTF EVSDI ;FJU  3BVN

7FSHBOHFOIFJU #³DIFS .VTJL

.FOTDIFO 0SUF )PSJ[POUF


.BODINBM SBVI  EVOLFM .BODINBM IFMM  CVOU /JFNBMT HFSBEFBVT (FSOF VN EJF &DLF


*NNFS BCFS TP VOUFSTDIJFEMJDI  FISMJDI XJF EJF 4USB“FO BVG EFOFO JDI HFIF VN EFO #³DIFSO

EFO -JFEFSO EFO .FOTDIFO  EFN )PSJ[POU FJO XFOJH OžIFS [V LPNNFO 6OE EBNJU WJFMMFJDIU BVDI NJS TFMCTU  NFJOFS 7FSHBOHFOIFJU [V CFHFHOFO &JOF 3FJTF EVSDI ;FJU  3BVN


)BS 4VCBHI 1IJMBEFMQIJB 64"

J XBT CPSO JO 1IJMBEFMQIJB J QSBDUJDF LVOEBMJOJ ZPHB  NFEJUBUJPO J BN BO BNFSJDBO TJLIIJOEV WJFUOBN FSB WFUFSBO

IUUQTXXXGMJDLSDPNQFPQMF XSJUJOHUSFF

5IFSF JT B MJOF UIBU JT SFBDIFE XIFSF XF TFF PVS MJNJUBUJPOT JO MJGF "SU JT UIF XBZ UP USBOTGPSN PVSTFMWFT CFZPOE UIFTF MJNJUBUJPOT 5P NBLF BSU JT UP NBLF TPNFUIJOH CFZPOE PVSTFMWFT "SU JT BMTP B XBZ UP CSFBLUISPVHI PVS IBCJU PG GPDVTTJOH PO PVSTFMWFT BOE PVS VTVBM XPSME XIFSF XF OPSNBMMZ EXFMM *U JT CFZPOE UIF JOUFMMFDUVBM BOE SFBDIFT B EJNFOTJPO UIBU TFFNT UP TVQQPSU B XIPMF SFBMJUZ 4UJMM JU JT BSU "SU DBO CF B XBZ UP DPOUBDU PVS JOOFS GFFMJOHT MPTU NFNPSJFT FUD JU JT B QSPEVDU PG PVS JOUFOU BOE BVUPNBUJD JO JUT JODMJOBUJPO 5IFSF BSF OP MJNJUT UP BSU FWFO UIPVHI XF GJOE MJNJUT JO PVSTFMWFT 5IF CFTU BSU JT TPNFUIJOH SFBDIFE PVUTJEF PG vVTi 8F IBWF PVS JOOFS UIJOLJOH BOE JOOFS SFTPVSDFT JOUFMMJHFODF JEFOUJUZ BOE QFSTPOBMJUZ 5IFTF UIJOHT TIPVME OPU DPOUSPM PVS BSUJTUJD PVUQVU "HBJO JU JT TPNFUIJOH CFZPOE VT *U JT B MJGF JO JUT PXO 8IFO BSU JT NBEF JU JT MJLF NBLJOH B OFX MJGF GPSN

IBWF XF QMPUUFE B TPMVUJPO


JO .VTTPPSJF .VTTPPSJF *OEJB


VOEFS DPGGFF

*OOJT'JFME    

0TUFS NBOJL


CFBVUZ PG BMM UIJOHT .BOGSFE (FZFS 8JFUNBSTDIFO %FVUTDIMBOE IUUQTXXXGMJDLSDPNQIPUPT !/ v.BO NVTT TJDI CFFJMFO XFOO NBO FUXBT TFIFO XJMM BMMFT WFSTDIXJOEFUi 1BVM $F[BOOF

.BOGSFE )PGNBOO *DI EFOLF PGU v'PUPHSBGJF JTU EJF 4VDIF OBDI EFO WFSMPSFOFO #JMEFSO EFS ,JOEIFJUi  XBT EFOLTU EV ³CFS EJFTFO 4BU[ .BOGSFE (FZFS %BT JTU FT EFGJOJUJW OJDIU CFJ NJS .BOGSFE )PGNBOO 8BT JTU G³S EJDI 'PUPHSBGJF .BOGSFE (FZFS 8FMDI HSP“F 'SBHF *DI LBOO NJDI CFTTFS EVSDI EBT 'PUPHSBGJFSFO BVTES³DLFO BMT ³CFS TJF [V TDISFJCFO "OTPOTUFO X³SEF JDI #³DIFS TDISFJCFO VOE OJDIU GPUPHSBGJFSFO 

*DI IBCF JO EFO FS +BISFO BOHFGBOHFO FUXBT FSOTUIBGUFS [V GPUPHSBGJFSFO TDIXBS[ XFJ“ TFMCTU FOUXJDLFMU 'JMN VOE 1BQJFS %BOO TFJU DB  EJHJUBM 5FDIOJL IBU G³S NJDI OJF FJOF HSP“F 3PMMF HFTQJFMU BVDI OJDIU EJF BOGžOOHMJDI EFVUMJDIFO 4DIXžDIFO EFS %JHJUBMGPUPHSBGJF #JMECFBSCFJUVOH CFTDISžOLF JDI BVG EBT /®UJHTUF %JF 'PUPHSBGJFO FOUTUFIFO G³S NJDI [VN ;FJUQVOLU EFS "VGOBINF EBIFS CFTDIOFJEF JDI JO EFS 3FHFM OJF PEFS žV“FSTU VOHFSO &T XBS VOE JTU G³S NJDI QSPCMFNBUJTDI XFOO 4VDIFS PEFS %JTQMBZ OJDIU EJF   EFT #JMEFT [FJHFO %JF 8BIM EFT 4DIOJUUT EFT 'PUPT JTU G³S NJDI FJO HBO[ XJDIUJHFS "TQFLU CFJN 'PUPHSBGJFSFO *DI XžIMF BVDI OBDI XJF WPS HFSOF FJOF GFTUF #SFOOXFJUF CFJ EFS 0CKFLUJWBVTXBIM 7JFMF 5IFNFO EJF JDI GPUPHSBGJFSF IBCFO TJDI ³CFS EJF +BISF OJDIU HFžOEFSU 1PTULBSUFO.PUJWF v&ZFDBUDIFSi XFMDI FJO TDISFDLMJDIFT 8PSU .FJOVOHFO WPO -FIS


CVDI'PUPHSBGFO JOUFSFTTJFSFO NJDI OJDIU *OUFSFTTBOU G³S NJDI JTU EBT #BOBMF EBT "MMUžHMJDIF EBT v/JDIU'PUPXFSUFi %JFTFS "TQFLU TUFDLU KB BVDI JO NFJOFN 'MJDLS "DDPVOU/BNFO vCFBVUZ PG BMM UIJOHTi (FQSžHU CJO JDI TJDIFSMJDI EVSDI NFJOF -JFCMJOHT'PUPHSBGFO -FF 'SJFEMBOEFS 3PCFSU "EBNT 4UFQIFO 4IPSF FUD (FTUS³QQ #žVNF vMFBWFT BOE MJHIUi v3BVNPSE OVOHi 6SCBOFT HFI®SFO TFJU WJFMFO +BISFO [V NFJOFO 5IFNFO %JOHF XJF 4UPQ4DIJMEFS PEFS 7FSUFJMFSLžTUFO TJOE OBU³SMJDI LFJOF )BVQU.PUJWF TPOEFSO NJDI JOUFSFTTJFSU EFSFO GPUPHSBGJTDIFS &JO CBV JO JIS 6NGFME 8FOO JDI BVG 'PUPUPVS CJO IBCF EJF ,BNFSB GBTU JNNFS EBCFJ GPUPHSBGJFSF JDI CFTUžOEJH NFJOF 5IFNFO WFSTVDIF BCFS BVDI EVSDI NFJOF 'PUPHSBGJF FJOFO 0SU [V FSGBTTFO BVG NFJOF 8FJTF [V EPLVNFOUJFSFO PC FT OVO FJOF 4UBEU FJOF -BOETDIBGU PEFS FJO 8BME JTU &JOF 'PMHF JTU OBU³SMJDI EBTT JDI JNNFS VOE ³CFSBMM GPUPHSBGJFSF [V WJFM GPUPHSBGJFSF EJF EJHJUBMF 'PUPHSBGJF NBDIU FT NJS IJFS CFTPO EFST MFJDIU NBO L®OOUF TDIPO WPO FJOFS 4VDIU TQSFDIFO

v%JF IJFS HF[FJHUF 'PUP4FSJF [FJHU "VG OBINFO FOUTUBOEFO [XJTDIFO  VOE  BVT 0U[FOSBUI FJOFN GS³IFSFO %PSG [XJTDIFO %³TTFMEPSG VOE "BDIFO "O EFS 4UFMMF XP TJDI EJFTFT %PSG CFGBOE JTU KFU[U FJO SJFTFOHSP“FT -PDI JO EFN TJDI 4DIBVGFMSBECBHHFS VOE "CTFU[FS CFXFHFO 0U[FOSBUI HFI®SU [VN #SBVOLPIMFUBHFCBV HFCJFU (BS[XFJMFS ** 'MžDIF  LN² 

 .FOTDIFO BVT  0SUTDIBGUFO VOE 8FJMFSO N³TTFO VNHFTJFEFMU XFSEFO %FS HFQMBOUF "CCBV[FJUSBVN FSTUSFDLU TJDI WPO  CJT  %FS ,PIMFJOIBMU MJFHU CFJ

  .SE U CFJ HMFJDI[FJUJH   .SE N "CSBVN &T XJSE FJO 3FTUTFF NJU  IB 'MžDIF FOUTUFIFO 5JFGF CJT  N  .SE N *OIBMU L³OTUM #FG³MMVOH CJT i


+BDL # +PIO #BJMFZ -PT "OHFMFT $BMJGPSOJB 64" v*AN HSPXJO GPOEFS 0G BMM * TFF " HBSEFO CMPPNJO " CBSSFO USFFi 'BUT 8BMMFS v*AN (SPXJOH 'POEFS PG :PVi

IUUQTXXXGMJDLSDPNQIPUPTSFBM GJHNFOUT

 3FHBSET v1IPUPHSBQIZ JT B TFBSDI GPS UIF MPTU JNBHFT PG DIJMEIPPEi * BHSFF VOMFTT POF IBT WFSZ TUSPOH DPODFQ UVBM JEFBT UIBU PWFSSJEF UIBU TFBSDI #VU GPS NBOZ PG VT XIP NPSF PS MFTT GPMMPX PVS PXO QSFEJMFDUJPOT JU JT JO QBSU USVF * UIJOL UIPTF XIP IBE TPSU PG NBHJDBM DIJMEIPPET TFFL UIPTF LJOET PG JNBHFSJFT UIPTF XIPTF DIJMEIPPET IBE TIBEPXT PS VODFSUBJOUJFT BSF ESBXO UP UIBU * UIJOL NBOZ BSUJTUT BSF USZJOH UP XPSL PVU UIFTF FBSMZ DIJMEIPPE JTTVFT WJTVBMMZ JO B QMBDF UIBU UIFZ DBO DPOUSPM XIFSFBT JO DIJMEIPPE UIFSF XBT MFTT DPOUSPM 0OF DPVME UIJOL PG .BSDFM 1SPVTU XIP PQFOT IJT NBHJTUFSJBM v" MB SFDIFSDIF EV UFNQT QFSEVi BT B DIJME JO CFE BU OJHIU XIP IBT OPU HPUUFO IJT NPUIFSAT HPPEOJHIU LJTT IF IFBST PVUTJEF UIF XIJTUMF PG B USBJO BOE UIF EBSLOFTT PG IJT SPPN JT TPNFXIBU GPSCPEJOH )FSF IF MBZT PVU CPUI UIF SBJTPO EAFUSF PG IJT CPPL BOE B GPSF TIBEPXJOH PG UIJOHT UP DPNF 4P JU JT GPS BMM PG VT vB MB SFDIFSDIF EV UFNQT QFSEVi .BSDFM 1SPVTU EJE OPU IBWF GJMN JF NPWJFT JO IJT DIJMEIPPE 'PS VT XIP DBNF MBUFS * UIJOL UIBU XF DBSSZ XJUI VT JO PVS TVCDPOTDJPVT NBOZ PG UIF GJMNT XF TBX JO DIJMEIPPE BOE ZPVUI XIFO UIF TUBNQ PG JNBHFSZ JT TP NVDI TUSPOHFS PO VT UIBO MBUFS JO MJGF XIFO PVS DPOTDJPVOFTT IBT OPU UIF QMBTUJDJUZ PG ZPVUI


 3FHBSET v8IBU GPS NF JT QIPUPHSBQIZ i 1IPUPHSBQIZ GPS NF JT B NPNFOU JO UJNF 5IPTF NPNFOUT XJMM OFWFS CF UIF TBNF BHBJO 5IJOHT DIBOHF TP GBTU OPX UIBU B QMBDF QIPUPHSBQIFE JT SBSFMZ UIF TBNF B ZFBS PS UXP MBUFS *U SFNJOET NF PG 4VTBO 4POUBHAT TUBUFNFOU UIBU BMM QIPUPHSBQIT BSF B vNFNFOUP NPSJi 5P UBLF B QIPUP HSBQI JT UP QBSUJDJQBUF JO BOPUIFS QFSTPOAT PS UIJOHAT NPSUBMJUZ WVMOFSBCJMJUZ NVU BCJMJUZ 1SFDJTFMZ CZ TMJDJOH PVU UIJT NPNFOU BOE GSFF[JOH JU BMM QIPUPHSBQIT UFTUJGZ UP UJNFAT SFMFOUMFTT NFMU )PQFGVMMZ XF DBO EP UIJT JO BO BSUGVM NBOOFS UIBU XJMM FMJDJU B GSJTTPO PG FNQBUIZ PS VOEFSTUBOEJOH PS NFNPSZ PS QFSIBQT BMM UISFF 4PNFUJNFT * VTF QIPUPHSBQIZ UP TFOE NFTTBHFT UP PUIFS QBSUT PG UIF XPSME 'PS JOTUBODF JO -PT "OHFMFT XIFSF * MJWF UIFSF JT B LJOE PG GFBS PG UIF PVUTJEFS UIF SFTVMU PG BO FDPOPNJD TZTUFN XJUI NVDI JOFRVBMJUZ FYQSFTTFE JO UIF OFFE BOE FWFO NBOJB GPS TFDVSJUZ EFWJDFT TVDI BT TFDVSJUZ DBNFSBT GFODFT SB[PS XJSF BOE QSJWBUF TFDVSJUZ HVBSET * TPNFUJNFT TIPX UIJT BTQFDU PG -PT "OHFMFT CFDBVTF * LOPX UIBU PUIFS BSFBT PG UIF XPSME TVDI BT &VSPQF IBWF OPU TP NVDI PG UIJT BQQBSBUVT ZFU * IPQF UIFZ OFWFS XJMM IBWF JU CVU JU NBZ DPNF TPNF EBZ * BMTP BU UJNFT MJLF UP TIPX IPX NVDI JT -" B UPXO CVJMU BSPVOE UIF XPSTIJQ PG UIF QSJWBUF BVUPNPCJMF XIFSF UIF BVUPNPCJMF JT CZ TPNF DPOTJEFSFE B SPMMJOH XPSL PG BSU "MTP -PT "OHFMFT JT TVSSPVOEFE CZ B EFTFSU BOE TPNFUJNFT UIBU JT JNQPSUBOU JO NZ XPSL BT B LJOE PG XJOPXJOH EPXO UP CBTJD GPSN BOE FTTFODF -BOE MJHIU PS QMBDFT UIBU IBWF OFWFS LOPXO UIF GPPUQSJOU PG NFO PS QMBDFT UIBU IBWF LOPXO DJWJMJ[BUJPO CVU OPX DJWJMJTBUJPO IBT XJUIESBXO MJLF B XBWF UIBU XJUIESBXT CBDL JOUP UIF TFB MFBWJOH USBDFT PG QBTU DJWJMJ[BUJPO B LJOE PG BSDIFPMPHZ PG UIF SFDFOU 4PNFUJNFT JUAT JOUFSFTUJOH UP FYQMPSF FEHF QMBDFT XIFSF UIF TVCVSCT EJTBQFBS JOUP SBX MBOET 1IPUPHSBQIZ GPS NF JT BMTP JNQPSUBOUMZ UIF QVSTVJU PG MJHIU JO BMM JUAT WBSJBCJMJUZ BOE RVBMJUZ -JHIU JT UIF WFSZ TUVGG PG QIPUP HSBQIZ BOE * MPPL GPS JU JO BMM JUAT GPSNT OJHIU PS EBZ TPNFUJNFT UIF TVCKFDU NBUUFS JT OPU BU BMM JNQPSUBOU UP NF


GBISFUUJO &SH³WFO 'BISFUUJO &SH³WFO 5VSLFZ * BN OPU B QSPGFTTJPOBM QIPUPHSBQIFS JU JT POMZ B IPCCZ GPS NF * BN B  ZFBS PME &OHMJTI UFBDIFS

IUUQTXXXGMJDLSDPNQFPQMF TVSBGB

* TUBSUFE UBLJOH QIPUPT BCPVU  ZFBST BHP XJUI B ;FOJUI YQ

"OE *AE MJLF UP TBZ UIBU * VTVBMMZ UBLJOH CFMMZ TIPU OPU UP EJTUVSC QFPQMF

#VU * IBWF CFFO TIPPUJOH QFPQMF JO UIF TUSFFU GPS EPDVNFOUBUJPO GPS BCPVU UXP ZFBST * IBWF TP NBOZ QSPKFDUT XBOU UP EP PO QIPUPHSBQIZ #VU JUA® T OPU TP FBTZ GPS NF CFDBVTF PG NZ TIZOFTT 

* UIJOL QIPUPHSQIZ JT GSFF[F UIF UJNF UIBUAT QBTTJOH WFSZ GBTU * QSFGFS TIPPUJOH QFPQMF JO FWFSZXIFSF * CFMJFWF UIBU JG UIFSF QFPQMF UIFSF JT MJGF

*O PVS UFDIOPMPHJD FSB QFPQMF QSFGFS TFFJOH UP SFBEJOH * TVQQPTF 4P BU UIJT QPJOU QIPUPHSBQIZ JT HFUUJOH NPSF JNQPSUBOU SPMF UP UFMM TPNFUIJOH UP UIF QFPQMF

1IPUPHSBQIZ JT B HPPE EPDVNFOU GPS OFYU HFOFSBUJPOT *U UFMMT NBOZ UIJOH GPS MJGF QBTU BOE QSFTFOU 1FPQMF DBO MFBSO NBOZ UIJOHT GSPN QIPUPHSBQIZ


.BSUJO #BSUIPMNZ

8JF NBO BVT EFS +VHFOE XFHHFIU

v*DI CJO 4DISFJCFS &JO /PUJ[IFGU IBCF JDI JNNFS EBCFJ FCFOTP FJOF ,BNFSB *DI LOJQTF XBT NJS BVGGžMMU PEFS HFGžMMU  BMMFT VOUFSXFHT GBTU JNNFS [V 'V“ -žOHFS BMT FJO QBBS 4FLVOEFO NBH JDI G³S FJO 'PUP OJDIU TUFIFOCMFJCFO 'PUPT TJOE G³S EFO .PNFOU VOE EJF ,BNFSB JTU OPDI WJFM TDIOFMMFS BMT JDI

%BIFJN CS®TFMUF EJF 8BOE &T XBS XFOJH MPT OJDIU WJFM [V UVO LFJOF "OHFCPUF 0, FT HBC SPNBOUJTDIF 1BSLQMžU[F EBT TDIPO VOE (S³OBOMBHFO TPSHUFO G³S FJOF HVUF -VGU

3JDINPOE 7" 64"

IUUQTXXXGMJDLSDPNQIPUPTCBSUIPMNZ

.BODIFO 5BH [PH JDI NFJOF WFSCPUFOFO 4DIVIF BO VOE EVSDITDISJUU EJF 8FHF EFT 0SUFT CJT BO JIS &OEF %BT &OEF XBS TUFUT OBI *DI I®SUF EBT (SBT XBDITFO VOE NFSLUF HFTUFSO XBS FT L³S[FS HFXFTFO *DI XVSEF žMUFS &JOF OFVF (FOFSBUJPO XVDIT OBDI CMJDLUF NJS USPU[JH JOT (FTJDIU VOE SBOEBMJFSUF BVG JISF "SU EJF JDI OJDIU WFSTUBOE *DI XVTTUF FT XBS ;FJU EBT /FTU [V SžVNFO *DI OBIN EJF #BIO JO EJF OžDITUF 4UBEU &T XBS LBMU %JF "MUFO IBUUFO NJS OJDIUT [V TBHFO %JF OžDITUF +VHFOE TBI USPU[JH OBDI WPSOF JO FJOF ;VLVOGU EJF EB XBS TJF TJDI TJDIFS HBO[ JIS HFI®SFO X³SEF *DI NVTTUF XFJUFS *DI TUJFH JO FJOFO BOEFSFO TDIOFMMFSFO ;VH *O #FSMJO HBC FT #JFSF VOE 5JFSF EBT HFGJFM NJS 4FOTBUJPOFO VOE .FOTDIFO ³CFSBMM %JF .³U[FO XBSFO TDIJDL EJF 'SJTVSFO HFXBHU VOE BVDI JO (FCJTTGSBHFO LBOOUF NBO EFO EFOJFS DSJ &STU TQžUFS CFNFSLUF JDI BVDI EPSU IFSSTDIUF EJF ,MPTDI³TTFMBSUJHLFJU EFS 8FMU[VTUžOEF "CFS EB XBS JDI TDIPO MBOHF FSXBDITFO


&DLTUFJO "MT XJS TFIS LMFJO XBSFO XBS EJF 8FMU TFIS MBOHTBN 8JS BVDI 4JF SPMMUF BO VOT WPS³CFS %BOO CFHBOO TJF TJDI TDIOFMMFS [V ESFIFO 8JS ESFIUFO NJU EBSBO TP HVU XJS LPOOUFO *O EFS 3FHFM HBO[ VOCFXVTTU OBU³SMJDI %JF &SXBDITFOFO TBIFO XFH VOE MJF“FO VOT NBDIFO

&JOF [FJUMBOH NFJOUFO XJS XJS IžUUFO FJOFO HSP“FO 7PSTQSVOH 8JS SBOOUFO BMT HJOHF FT VN EBT -FCFO %BT XBS SJDIUJH BCFS XJS XVTTUFO FT OJDIU 8FOO XJS HMBVCUFO XJS TFJFO FOULPNNFO o WPO XBT EBT XVTTUFO XJS OJDIU FT XBS FJOF 6SGVSDIU o  XFOO XJS HMBVCUFO XJS TFJOFO FOULPNNFO NBDIUFO XJS 1BVTF 0CXPIM XJS GBTU OJDIUT LBOOUFO HBC FT VOFOEMJDI WJFM [V TFIFO 0CXPIM 7JFMMFJDIU BVDI XFJM

(FMFHFOUMJDI IPMUF EJF 8FMU BVG EBT 8BTTFS TUBOE VOT CJT [VN )BMT BCFS EBT XBS FJOF CFTPOEFSF 'SFVEF 4UBUU %SVDL TBIFO XJS EJF .®HMJDILFJU /FVMBOE [V FOUEFDLFO BMMFT TDIXJNNU VOE JO EJFTFS 8FMU XBSFO ³CFSBMM -®XFO TUBSL CFNžIOUF -®XFO EJF CS³MMUFO XFJM TJF TJDI JO EJF FNQGJOEMJDIF 1SBOLF FJOFO %PSO HFUSFUFO IBUUFO FJOFO %PSO EFO OVS XJS FOUGFSOFO LPOOUFO .VMMCJOEF VOE .FTTFS %JF -®XFO X³SEF FT VOT EBOLFO 8PIFS EFS %PSO LBN WPO XFMDIFN #VTDI


WPO XFMDIFS 1GMBO[F EBS³CFS EBDIUFO XJS OJDIU OBDI %BOO ³CFS /BDIU EFS 4PNNFS IBUUF TFJOFO )®IFQVOLU LBVN ³CFSTDISJUUFO FOEFUF BMMFT %JF 5JFSF TDISVNQGUFO LBNFO BO EJF -FJOF 8JS XVSEFO GFTU BO EJF )BOE HFOPNNFO &T HJOH JO FJOF BOEFSF ;POF FJOF ;POF EJF JSHFOEXJF EFS (FHFOXBSU TDIPO TFIS TFIS OBIF LBN


+®SH #FISJOH +®SH #FISJOH )BNCVSH %FVUTDIMBOE

IUUQXXXJQFSOJUZDPNIPNF

%JF 'SFVEF ³CFS EBT HFMVOHFOF #JME JTU FJO 5FJM EFTTFO XBSVN JDI GPUPHSBGJFSF VOE XBSVN JDI JNNFS OPDI OJDIU EJHJUBM GPUPHSBGJFSF *DI CSBVDIF EJF 6OHFXJTTIFJU CJT JDI EBT /FHBUJW TFIF VOE JDI CSBVDIF EFO .PNFOU JO EFN JDI EBT 1PTJUJW BVT EFN &OUXJDLMFS OFINF FSTUF 5POXFSUF CFJN "CUSPQGFO TFIF JDI MFHF EBT #MBUU JNNFS BVG EFN ,PQG JO EJF &OUXJDLMFSTDIBMF VN EBOO EBT WPSMžVGJHF VOE PGU TDIPO FOEH³MUJHF &SHFCOJT JN 'JYJFSCBE [V TFIFO &T JTU EJFTFT XPSUX®SUMJDIF #FHSFJGFO EFT 'JMNT G³S EFO 8FH JO EJF ,BNFSB EBT &JO TQVMFO G³S EJF &OUXJDLMVOHTEPTF PEFS BVDI EBT "CTDIOFJEFO VN DN EFT VOCFMJDIUF UFO 'PUPQBQJFST XFJM FT TPOTU OJDIU JO EFO #JMEXBTDIFS QBTTU "MM EJFTF )BOEHSJGGF VOE )BOEMVOHFO CJT JDI EBT GFSUJHF #JME JO EFS )BOE IBMUF PEFS FT IJOUFS EFN 1BTTFQBS UPVU BO EFS 8BOE IžOHU &T JTU BCFS BVDI EJF 'SFVEF NJDI ³CFSXVOEFO [V IBCFO HFGSBHFO [V IBCFO PC JDI FJO #JME NBDIFO EBSG FHBM XP .JU %FTJOUFSFTTF EBT )BVT NJU EFS ,BNFSB WFSMBTTFO [V IBCFO EPDI NJU FVQIPSJTDIFS 'SFVEF VOE FJOFN 4BDL WPMMFS #JMEFS XJFEFS [VS³DL [V TFJO %JFTFT QM®U[MJDIF (M³DLTHF G³IM WPO FJOFN "VHFOCMJDL BVG EFO BOEFSFO [V IBCFO VOE [V EFOLFO FT I®SU OJDIU NFIS BVG VOE TDIBEF EFS 'JMN JTU TDIPO WPMM /BU³SMJDI IBU EJF 'PUPHSBGJF BVDI UIFSBQFV UJTDIF 'VOLUJPOFO G³S NJDI EBS³CFS XJMM JDI IJFS BCFS LFJOF 8PSUF WFSMJFSFO 8JDIUJH JTU G³S NJDI EBT #FE³SGOJT FJO #JME [V NBDIFO BVDI XFOO FT NBODINBM FJO

[XBOHIBGUFT #FE³SGOJT [V TDIFJO TDIFJOU EPDI EBOO JTU EBT &SHFCOJT FOUTQSFDIFOE TDIMFDIU %B XžSF FT XPIM CFTTFS HFXFTFO EFO "VTM®TFS OJDIU [V ES³DLFO BCFS EJFT HJOH EBOO JO EFN .PNFOU OJDIU FT NVTTUF EBOO XPIM HFSBEF TP TFJO *OTPGFSO JTU 'PUPHSBGJF G³S NJDI LFJOF 3³DLCFTJOOVOH BVG EJF ,JOEIFJU PEFS EJF 4VDIF OBDI EFO WFSMPSFOFO #JMEFSO BVT EJFTFS ;FJU &T JTU G³S NJDI JNNFS EFS "VHFOCMJDL EFO JDI LPOTFSWJFSU IBCF KFEPDI OJDIU VN EFT ,POTFSWJFSFOT XJMMFO TPOEFSO OVS VN NJDI JN /BDIIJOFJO EBSBO XJFEFS [V FSJOOFSO #JMEFS ³CFS EJF JDI NJDI GSFVF OPDI +BISF TQžUFS #JMEFS EJF NJS OJDIU XJDIUJH FSTDIFJ OFO VOE CFJ FJOFN vGSFNEFOi #FUSBDIUFS 'SFVEF FS[FVHFO XBT NJDI FSGSFVU VOE HMFJDI[FJUJH FSTUBVOU #JMEFS NFJOFS ,JOEIFJU IBCF JDI JN ,PQG ,JOEIFJUTCJMEFS MJFHFO BCFS BVDI JO FJOFS 1BQJFSU³UF JN 4DISBOL %JF 1BQJFSU³UF WPMMFS BMUFS #JMEFS TFJU NFJOFN FSTUFO 4PNNFS JO  ,MFJOF VOE NJUUMFSF 1BQJFSCJMEFS BVT EFS 'PUP%SPHFSJF NJU HMBUUFN VOE NJU 4DINVDLSBOE EJFTFN CFTPOEFSFO HF[BDLUFO 3BOE #JMEFS HFSPMMU PEFS [FSLOJDLU NFJTU 4DIXBS[8FJ“ XFOJHF CVOU EJF BCFS BVDI CFMFHFO EBTT JDI FJOF [FJUMBOH FJO +³OHMJOH NJU CMPOEFN )BBS XBS %BSBO GFIMU TFMCTU NFJOFS .VUUFS EJF &SJOOFSVOH *DI LBOO FT CFXFJTFO 6OE XBT JTU KFU[U 'PUPHSBGJF G³S NJDI 4JF JTU XPIM NFJOF 'PSN EFS 'SFJ[FJUHFTUBM UVOH TP XJF BOEFSF IžLFMO MFTFO PEFS JN (BSUFO X³IMFO WPN )JNNFM TQSJOHFO EVSDI EFO 8BME MBVGFO ³CFS 4UPDL VOE 4UFJO PEFS NJU FJOFN 4FHFMCPPU EJF 8FMMFO LSFV[FO 4JF JTU BCFS LFJO [XBOHIBGUFT 7FSIBMUFO G³S NJDI BOEFSF EJF OJDIUT NJU EFS 'PUPHSBGJF BN )VU IBCFO TFIFO EBT OBU³SMJDI BOEFST 6OE XBT JTU KFU[U EJF 'PUPHSBGJF XJSLMJDI G³S NJDI 7JFMMFJDIU FJOF "OHFXPIOIFJU XFJM JDI NJU NFJOFS 'SFJ[FJU OJDIUT BOEFSFT BO[VGBOHFO XFJ“ %PDI EBT JTU NJS FHBM


6OE XBT JTU KFU[U EJF 'PUPHSBGJF XJSLMJDI G³S NJDI 7JFMMFJDIU FJOF "OHFXPIOIFJU XFJM JDI NJU NFJOFS 'SFJ[FJU OJDIUT BOEFSFT BO[VGBOHFO XFJ“ %PDI EBT JTU NJS FHBM


-VNBIP .BOGSFE )PGNBOO 'PSTU BO EFS 8FJOTUSB“F #3% *DI CJO FJO žMUFSFS )FSS EFS HFSOF GPUPHSBGJFSU IUUQXXXMVNBIPEF IUUQTXXXGMJDLSDPNQIPUPT NBOGSFEIPGNBOO


'PUPHSBGJF JTU EJF 4VDIF OBDI EFO WFSMPSFOFO #JMEFSO EFS ,JOEIFJU "MT JDI ,JOE XBS HBC FT OPDI LFJOF "UPNLSBGUXFSLF KFEFOGBMMT LFJOF JO NFJOFS 6NHFCVOH 6OE USPU[EFN FSLFOOF JDI JO EFN #JME HFTQFJDIFSUF &SJOOFSVOHFO EFS BVGTUFJHFOEF 3BVDI EJF 4USPNNBTUFO  PCXPIM JDI JO FJOFS MžOEMJDIFO *EZMMF BVGHFXBDITFO CJO 4BI JDI EJFT CFJ FJOFS 3FJTF [V NFJOFN 0OLFM JO 8FTTFMJOH PEFS CFJ EFS 'BISU OBDI .BOOIFJN [V 5BOUF VOE 0OLFM *DI XFJ“ FT OJDIU 8BSVN GBT[JOJFSFO NJDI -JDIU VOE 4DIBUUFO XBSVN SFOOF JDI ESBNBUJTDIFO -JDIUTJUVBUJPOFO OBDI VOE GPUPHSBGJFSF EBOO PGU vJN FOUTDIFJEFOEFO .PNFOUi -FU[UFSFT IBMUF JDI G³S ;VGBMM JDI HMBVCF OJDIU EBTT JDI NJU FOUTQSFDIFOEFN 5BMFOU HFTFHOFU CJO BCFS JDI FSLFOOF TFIS TDIOFMM CFTPOEFST ESBNBUJTDIF -JDIUTJUVBUJPOFO EJF JDI PGU IFNNVOHTMPT JOT -JDIU GPUP HSBGJFSFOE GFTUIBMUF GBTU JNNFS NJU FJOFS 'FTUCSFOOXFJUF  NJU FJOFN ;PPN VOE TFJOFO WJFMGžMUJHFO *SSJUBUJPOFO JN *OOFSFO XžSF JDI XPIM WFSMPSFO *DI GPUPHSBGJFSF TFIS HFSO BVT 'BIS[FVHFO [VNFJTU &JTFOCBIOFO .JDI GBT[JOJFSU EJF #FXFHVOH JO EFO #JMEFSO "MT ,JOE GVIS JDI XFOJH XJS IBUUFO LFJO "VUP EJF šCFSMBOE GBISUFO NJU EFS 4USB“FOCBIO OBDI .BOO IFJN LN XBSFO G³S NJDI FJOF 2VBM NJS XVSEF JNNFS TDIMFDIU /PDI IFVUF CFEBVFSF JDI NFJOF .VUUFS 'BT[JOJFSU NJDI EFTIBMC EJF #FXFHVOH XFJM JDI TP[VTBHFO FJOFO MFCFOTMBOHFO /BDIIPMCFEBSG IBCF 8FOO JDI CFEFOLF XJFWJFMF ,JMPNFUFS NFJO 4PIO JO TFJOFS ,JOEIFJU XFOO XJS BOOFI NFO EBTT EJFTF CJT [VN  -FCFOTKBIS EBVFSU TDIPO [VS³DLMFHUF  WFSNVUMJDI EBT UBVTFOEGBDIF BMT JDI *TU NFJOF 5IFTF WJFMMFJDIU OVS FJOF 4FMCTU UžVTDIVOH FNQGJOEF JDI EBT -FCFO BMT CF TPOEFST BOHFOFIN CFTPOEFST HFCPSHFO VOE TDI®O XFOO JDI GPUPHSBGJFSF VOE EJFT JTU EBOO FJO (FG³IM XJF JO EFS ,JOEIFJU BMT NBO XFJUHFIFOE TPSHMPT XBS


*O UIF OFYU -VNBIP NBHB[JOF NPSF QIPUPHSBQIFST XJMM CF QSFTFOUFE XJUI UIFJS XPSL 5IFZ TBZ TPNFUIJOH BCPVU UIFJS NPUJWBUJPO BOE XIZ UIFZ BSF UIF QISBTF vQIPUPHSBQIZ JT UIF TFBSDI GPS UIF MPTU JNBHFT PG DIJMEIPPEi GJOE HPPE PS DPNQMFUFMZ XSPOH

*O UIF OFYU -VNBIP NBHB[JOF * XJMM UFMM PG BOPUIFS USJQ UISPVHI TPVUIFSO 'SBODF CZ CFBVUJGVM WJMMBHFT JO UIF -VCFSPO  BOE SFDPNNFOEFE SFTUBVSBOUT 

*G ZPV BMTP XBOU UP KPJO  TFOE ZPVS DPOUSJCVUJPO CZ FNBJM UP

.BOZ WJFXFST TFF JO GMJDLS QIPUPT CVU UIFZ EP OPU LOPX XIZ ZPV BSF QIPUPHSBQIJOH KVTU UIFSF XIBU GBTDJOBUFE ZPV BCPVU UIJT PS UIBU QMBDF

IPGNBOOGPSTU!HPPHMFNBJMDPN 8SJUF JO (FSNBO PS &OHMJTI  JG ZPV XPVME MJLF UP XSJUF JO ZPVS OBUJWF MBOHVBHF  BTL NF * XJMM GJOE B USBOTMBUPS

*G ZPV BMTP XBOU UP UFMM B TUPSZ BCPVU ZPVS QIPUPT UIFO TFOE UIFN UP NF

5FMM BCPVU ZPV BOE ZPVS QIPUPHSBQIJD BEWFOUVSFT  



Lumaho magazin 2 2014