Page 1

LSE Interfaith Visit to the Holy Land Features - P. 22

Week

Photo: Rayhan Uddin

Events and collections throughout the week - Please give generously!

The

Beaver Tuesday January 28 2014 | www.thebeaveronline.com | No. 804

FREE Newspaper of the LSE Students’ Union

UKIP’s ‘Return to LSE’ sparks debate James Evans, Deputy News Editor and Alex Fyfe

ARGUABLY ONE of the most controversial figures in British politics at the moment, Nigel Farage, leader of the United Kingdom Independence Party (UKIP) arrived at the London School of Economics (LSE) under high security on the evening of January 23rd. Following threats of disruption and an organised protest from LSE students and Action 2014, a grassroots movement against UKIP, neither Mr Farage nor LSE were taking any chances when he arrived to the packed out Old Building. The talk on the 23rd of January was titled “Why These European Elections Matter”; however, many visitors were more interested to see how Mr Farage would cope under the intense questioning which frequently occurs at these LSE events. Arriving through the back door to avoid protesters, Mr Farage looked very nervous, with one journalist telling The Beaver “Farage looks more nervous than he did on Newsnight.” To add to the UKIP leader’s nerves, Professor Simon Hix, head of LSE’s government department and an avid supporter of the European

project, chaired the talk on Thursday. However, it did not take long for Mr Farage to get into his stride, announcing how pleased he was that UKIP was back at LSE, making reference to the fact that an LSE professor, Alan Sked, started the party in 1993. Farage pontificated on the future of the four main parties in British politics after the EU elections this year. He argued passionately that whatever the outcome for UKIP, it would result in an epochal shift in British politics. He reaffirmed his belief that David Cameron’s days at Number 10 are numbered, and added that he has some respect for Nick Clegg as he is the only other leader thus far to declare outright a stance on Europe. Inevitably, Farage’s speech contained his usual wit; making disparaging remarks about “Dave” at every opportunity and stating that UKIP is not a party of alternative weather forecasters, all of which was met with vociferous laughter from the young UKIP contingent in the front row, denoted by their party ties. Farage came across far more moderate than many were expecting, to which audience members appeared

to have responded. Second year Economic History student David Schofield said “I came into this talk wanting a fight; I am leaving wanting his phone number.” The leader of UKIP has come under criticism in recent months for the anti-immigration stance his party often takes. Farage addressed this issue stating that the real reason why the people have woken up to the problem of Europe is “ that open door immigration has let the scales fall from people’s eyes” a comment which received an audible groan from the audience. He argued that the UK should have relationship with the EU like the one Turkey currently has, with trade access but retaining national powers. Notably, he stated in his speech that he believes the British people feel they are being treated by David Cameron as ignorant on the EU. But when asked if he was exploiting public ignorance for political gain he failed to answer, instead cracking a joke and moving on. The usual topics of bigotry within the party, Scotland’s independence referendum and UKIP’s lack of a manifesto all cropped up.

Continued on Page 6...

Feature Interview: Nigel Farage Liam Hill talks to the controversial leader. P. 23 Opinion Reactions to the lecture from Konstantin Sietzy, Joel Rosen and Alex Skirvin P. 7-8

‘Saucygate 2’ as RAG Battle of the Halls cancelled Dennis Mooney, Executive Editor

THE SAGA OF SAUCY rumbled on last Friday as the LSESU management were forced to cancel the RAG-organised event entirely. This came a week after the inaugural Saucy suffered extensive delays thanks to issues with the Saw Swee Hock (SSH) centre’s fire alarm system. However, The Beaver has learned that the issues this time were related to the CCTV coverage of The Venue. It appears officers from

the Metropolitan Police arrived at SSH early on Friday evening and made it clear to the management that there was no possibility of the event going ahead. The specific problems are not yet clear, but camera coverage is apparently adversely affected by the lighting in The Venue. This seemed to be confirmed by Chief Financial Officer Andy Farrell, who told The Beaver via Twitter that police “withdrew [the] late license… not enough CCTV apparently.”

This comes in the wake of a question at the Union General Meeting over the amount of CCTV cameras in the Three Tuns, which some students feel to be excessive. Unlike the previous week, the cancellation was swiftly communicated to ticket-holders via RAG and SU social media. The statement promised that the event would be rescheduled but also offered guests a refund via the Fatsoma events website or halls committees. Expressing their frustration at the School

“letting us down,” they also promised that the event would be rescheduled: “there WILL be a rematch and there WILL be a winner!” RAG President Nona Buckley-Irvine told The Beaver “We were really disappointed at being forced to cancel the event last Friday considering the levels of work and time that had been put into organising the event, not just by RAG but by halls committees and freshers themselves.” She added “our whole RAG Week was built around

this night. But, it’s all gone to waste now, and it’s unclear how we are going to be compensated for this.” The financial implications of the cancellation for RAG could be serious, given that profits from the event were to contribute to their fundraising efforts. The amount of tickets sold via hall committees was not confirmed, but according to BuckleyIrvine, if all guests claim refunds, they stand to lose as much as £1000.


8QLRQ%DVK─П S-1=/'&99&2" .1(%":'12,)"-14%(" T,4,1-UV"

L/#90%9/29$88$.% 6I79$( L#3$80%?$/."%I788% 3'88%/R6$3 L#9?%729':>$6$29$(%

SOLC",1-W(".%,("1(" ?9&2"($"8&V M$%:7T?6%<$%93/U0K M$%:7T?6%?/6$%6?$% EPK%<#6K% V/3/T$%7"%2'%LG$.(

%DVK─ПLVWKH%HDYHUтАл┌СтАмVKDLNX SRHW6RPHVD\WKH&&79 FDPHUDVLQKLVODLUFRXOG LISURSHUO\GHSOR\HGFDXVH *HRUJH2UZHOOтАл┌СтАмVJKRVWWR KDXQWWKH6DZ6ZHH+RFN FHQWUHDQGWKDWKHZLOOEH ILUPO\VXSSRUWLQJWKH1HZ 'HDOSDUW\LQWKHXSFRPLQJ (XURSHDQHOHFWLRQV

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

!"#!"#$"%

!"#$%&'"()*+',+-./. !""#$%&'(%)*+%,%-#$"./0%1/2#/30%4)%4*5+%,%6720#38(9':;<$/=$3)*+ -$8$>?'2$@%*4*A%BCC%DA*C%%%E:/78@%$.76'3F6?$<$/=$3'2872$(9'(#G% H$<"76$@%III(6?$<$/=$3'2872$(9'(#G%%-I766$3@%F<$/=$3'2872$

@'$?87&"L-"C,',219&X

Q"%!%I376$%6?7"%$.76'37/8K%6?$%I'3."%WXQY%!%MQZE% Y[PJ% Q--E&-![&% \OEQLEK% XQY% !% MQZE% Y[PJ%Q--E&-![&%\OEQLE(%V!JE%MQL%SEE&% JE\[J-E]%!&%-ME%SP!O]!&^(%-M!L%JE\[J-% !L% SE!&^% !&ZEL-!^Q-E](% \OEQLE% O!L-E&% V[J% VPJ-MEJ% !&L-JPN-![&L_% /3$% <$72T% <3'/.9/"6%8'#.80%/2.%3$>$/6$.80%726'%-?$%S$/, YHURроМFH  -I'%I$$G"%/T'K%I$%"/7.%76%W3$:/72"%6'%<$%"$$2_% I?$6?$3%6?$%L/I%LI$$%M'9G%9$263$%I788%87=$%#>% 6'%6?$%98/7:%'R%<$72T%`-?$%<$"6%"6#.$26%<#78.72T% 72%6?$%Pab(%!6%I'#8.%<$%R/73%6'%"/0%6?/6K%>#6672T% /%>'"767=$%">72%'2%6?$%"76#/67'2K%6?/6%7"%"6788%6?$% 9/"$(% -?$3$% ?/=$K% /"% >3$.796$.K% <$$2% 6$$6?72T% >3'<, 8$:"(% -?$% <#66'2"% 72% '2$% 'R% 6?$% 87R6"K% R'3% 72, "6/29$K%>$3R'3:%6?$%'>>'"76$%R#2967'2"%6'%6?'"$% "#TT$"6$.% <0% 6?$73% />>$/3/29$(% % -?$% I/6$3% R'#26/72"%8/9G%6?$%>3$""#3$%2$9$""/30%6'%$76?$3% SURYLGHDQHDVLO\GULQNDEOHроЛRZRIZDWHURUWR роКOOERWWOHV7KHVWDLUVZKHQZHWDUHVOLSSHULHU 6?/2%/%-$/9?72T%-/"G%V'39$%3$9'::$2./67'2(% -?$3$% /3$% "':$% :'3$% "$37'#"% >3'<8$:"K% ?'I,

HYHU$V,W\SHGWKDWVHQWHQFHVXLWDEO\WKHроКUH /8/3:%?/"%9?/2T$.%76_"%6#2$c%76%7"%2'I%8$""%>8/72, 67=$%/2.%:'3$%?$96'372T(% WQ--E&-![&% \OEQLEK% Q--E&-![&% \OEQLE(% V!JE% MQL% SEE&% JE\[J-E]% !&% -ME% SP!O], !&^(%\OEQLE%OEQZE%-ME%SP!O]!&^%!XXE]!, Q-EOY%SY%-ME%&EQJEL-%Ed!-(%][%&[-%PLE% -ME%O!V-L(_% 7KHроКUHDODUPLVRQH1RWRQO\KDVLWFDXVHGGH, 8/0"%6'%6?$%8/#29?%$=$26%'R%L/#90K%76%7"%9#33$2680% 9/#"72T% :$% 8'2T,6$3:% ?$/372T% ./:/T$% /2.% /% >'""7<8$%:$26/8%<3$/G.'I2(% NN-ZK%76%/>>$/3"K%7"%/2'6?$3(%&'6K%73'279/880K%6''% :#9?% 'R% 76% ,% 2'% [3I$887/2% 3/26% R3':% :$% ?$3$% ,% <#6% 6''% 87668$(% !R% 6?$% 8/6$% 27T?6% 879$2"$% R'3% W-?$% Z$2#$_%e#27:/T72/67=$%2/:$"%9'#8.%<$%/2'6?$3% 6$$6?72T% >3'<8$:f% ?/"% 72.$$.% <$$2% 3$='G$.K% :#"6%I$%6'8$3/6$%:'3$%<#78.72T%I'3G%6'%3$967R0% 6?7"g% [3% :#"6% I$% 3$"7T2% '#3"$8=$"% 6'% 6?$% R/96% 6?/6% I$% /3$% 2'6% WO'2.'2"% h"79i% 2$I$"6% "#>$3, 98#<_g Q"%!%"/7.%6I'%I$$G"%/T'K%76%8''G"%87G$%I$_88%?/=$% 6'%I/76%/2.%"$$(%

PCLFLPF"H#L@PD"H0H<@LPF @$-14%("T@?&92,)"]^(%"M,-?,')U"K"F!AY]Y_`"K"`/=Y" E$(1-4".177"8&"1-"(%&"'$$="K"<$77&G(1J&"=&=8&'9",'&"&-(1(7&2"($"J$(&Y" +,-1;&9($9";$'"(%&"G,-212,(&9",'&"8&7$.Y

9"2#+-."4):+1;

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

9#'<#4)=*>#1.%

+)"-,=&"19"B,7=,-"+?%,Q1'*",-2"LW="9(,-21-4";$'"(%&"P/1-1$-"H21($'"/$91(1$-"%&'&",("(%&"A&,J&'Y" P-&"$;"(%&"8&9("(%1-49",8$?("(%&"0BH"19"1(9"21J&'91()a"4$"($",-)"G7,99'$$="$-"G,=/?9",-2")$?W77" рл╣QGVRPDQ\GLрл╕HUHQWWDNHVRQWKHVDPHVXEMHFW$VWKH2SLQLRQ(GLWRURIWKH%HDYHU,тАл┌СтАмGOLNHWR KHOSWKDWYDULHW\RIRSLQLRQрл║RXULVK3UDFWLFDOO\RQHRIWKHZD\VWRKHOSWKLVZRXOGEHGHEDWHV HDFKZHHNLQWKH2SLQLRQVHFWLRQRQHWRSLFLVJLYHQRXWDQGVWXGHQWVVXEPLWGLрл╕HUHQWYLHZVRQ 1(Y"LW=","-&.9"Q?-N1&*",-2"L"7$J&"%&,'1-4"2&8,(&9"$-"(%&"G?''&-("199?&9"$;"(%&"2,)Y">,J1-4"4'$.-" ?/"1-","-&.9/,/&'",-2"=&21,"&-J1'$-=&-("L"%,J&"1-N"1-"=)"87$$2*"G$'-)",9"(%,("=,)"9$?-2Y"H7&G(" B,7=,-"+?%,Q1'";$'"(%&"P/1-1$-"H21($'"$;"(%&"A&,J&'*",-2")$?W'&"&7&G(1-4"9$=&$-&".%$"N-$.9" .%,("(%&)W'&"2$1-4Y"@%,-N")$?Y

THE ESSENTIAL STUDENT DISCOUNT CARD Available from LSESU reception third floor + Online

!"#$"%

J'':%4(*4K L/I%LI$$%M'9G%L6#, .$26%N$263$K% OLE%L6#.$26"%P27'2 O'2.'2 HN4Q%4QE !0)12#'3)+!*'#45 6),,'"+744,)8

)*'#459#()%)$3)54,&',):14:2;

7$,$<',<+!*'#45 =4"(+=',52$,<

>$,$<',<9#()%)$3)54,&',):14:2;

?)@"+!*'#45 A4B(')+64,"C)&>$,, ,)@"9#()%)$3)54,&',):14:2;

DB','4,+!*'#45 E$3)(+F$5C$* 14>>),#9#()%)$3)54,&',):14:2;

F)$#25)"+!*'#45 7';)+G)$5"4, H)$#25)"9#()%)$3)54,&',):14:2;

A41'$&+!*'#45 I>)&'$+J(4>"4,+ "41'$&9#()%)$3)54,&',):14:2;

AB45#+!*'#45 K$5)#(+L4"")5 "B45#"9#()%)$3)54,&',):14:2;

G$5#M+!*'#45"+ I&)0$,*)5+F8H)+ =$,')+J$, B$5#%9#()%)$3)54,&',):14:2;

D,&',)+!*'#45 7$5#($+G)#541()'&4" @)%9#()%)$3)54,&',):14:2;

I*3)5#'"',<+7$,$<)5 N$8&)8+F),#4, $*"9#()%)$3)54,&',):14:2;

O4&&)1#'3)+O($'5 P'$>+N'&&+ 14&&)1#'3)9#()%)$3)54,&',):14:2;

J()+O4&&)1#'3)Q !" #$%&'()*" !" +,-,.,/,(*" !" 0,1'2*" !" 3'14%(*" !" 5,6178,9%*" !" :',9&'*" !" :);&*" !" #,.9$-*" !" <,=&'$-*" !" >?4%&9*" !" @%$=9$-*" !" A,2.&*" !" B,-(%,-%,=*" !" +$'$*"A"!'97,-*"A"C%1771/9*"A"D$4&'9*"A" A?((&'.$'(%*" <" 0$?4%',-*" <" B" D?99&77*" <" E" C&,'9$-*" <" F,9G%&'(*" #" >?-4*" #" C$$7&*" #" +,'(1-*" #" B1//&7*" " #" +$$-&)*" #"3$-4*"H":$'(%*":"A&--&((*"I"HJ&'1-4K ($-*"I"+,--&'9K!'=9('$-4*"I"D$99&'*"I" &Dрл╣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

!R% 0'#% .'% 2'6% />>$/3% '2% 6?7"% 87"6% /2.% ?/=$% I3766$2% 6?3$$% '3% :'3$% /36798$"K%>8$/"$%$:/78@% 9'88$967=$F6?$<$/=$3'2872$(9'(#G I,8+4B','4,"+)0B5)"")*+()5)',+$5)+ #(4")+4H+#()'5+5)"B)1#'3)+$2#(45"+ $,*+,4#+,)1)""$5'&8+#(4")+4H+#()+ PA!+A#2*),#"R+S,'4,+45+M)$3)5+ (GLWRULDO6WDрл╕

.1(%" ," 9%$'(" ,//71G,K (1$-"9?==,')",-2"<EY" 3&" 7$$N" ;$'.,'2" ($" %&,'1-4";'$=")$?\"

!"#

2

-?$%S$/=$3%7"%7""#$.%#2.$3%/% N3$/67=$%N'::'2"%879$2"$(% Q6637<#67'2%2$9$""/30: AND MUCH MORE

G5',#)*+$#+745#4,"+G5',#',<


!"#

!"#$"%

3

!A,.94B%a4/A4+B%UW%U\X^

!"#$

8QLRQVâ&#x20AC;«Ú&#x201D;â&#x20AC;¬FDQâ&#x20AC;«Ú&#x2018;â&#x20AC;¬WD૸RUGIXOOGD\VWULNHVâ&#x20AC;«Ú&#x2022;â&#x20AC;¬ 'HQQLV0RRQH\([HFXWLYH(GLWRU

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â&#x20AC;«Ú&#x2018;â&#x20AC;¬b

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

.,@,+4;% B,4+.P% 4/9% 64.% I,,/% /,380240,9%A-%5+8<%4/%2/2024;% RIIHURISHUFHQWb N620,68A.,% 4;.8% .A33,.01 ,9% 0640% 32@,/% 2/5;4028/% 2/% +,1 :,/0% B,4+.% 64.% I,,/% 4.% 6236% 4.% 52@,% -,+:,/0% 4/9% 2.% :A+1 +,/0;B%RCS%-,+%:,/0%=A.2/3%06,% +,042;%-+2:,%2/9,T>D%4%:A<A;41 02@,% UCV% -,+% :,/0% 2/:+,4.,% 2/% -4B%64.%<,4/0%<4/B%.A--8+0% .0455% 4+,% 54:2/3% 4% -4B% :A0% 2/% +,4;%0,+<.C%

â&#x20AC;«Ú&#x201D;â&#x20AC;¬7KH\ VD\ WKHUHâ&#x20AC;«Ú&#x2018;â&#x20AC;¬V QR VSDUH PRQH\ EXW ORRN DW DOO WKH QHZ EXLOGLQJVWKH\â&#x20AC;«Ú&#x2018;â&#x20AC;¬YHJRW SODQQHG,Wâ&#x20AC;«Ú&#x2018;â&#x20AC;¬VVHOIHYL GHQWO\QRWWUXHâ&#x20AC;«Ú&#x2022;â&#x20AC;¬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

6WXGHQWVâ&#x20AC;«Ú&#x2018;â&#x20AC;¬8QLRQVHWWRKRVW â&#x20AC;«'Ú&#x201D;â&#x20AC;¬LVFRYHU,VODPâ&#x20AC;«Ú&#x2022;â&#x20AC;¬:HHN -DPHV(YDQV'HSXW\1HZV(G

)'% !"$% XX!"% `$F#&d#e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`,I+A4+B% XX06% 08% `,I1 +A4+B%XS06D%?2;;%64@,%4%+4/3,% 85%4:02@202,.%4@42;4I;,%58+%.0A1 9,/0.%4/9%.0455D%5+8<%]8.fA,% @2.20.% 08% 6236% -+852;,% 04;G.% 5+8<% I23% /4<,.% 2/% 06,% +,;21 328A.%:8<<A/20BC%% d% -4+02:A;4+% 4.-,:0% 85% (.1 ;4<% ?,,GD% ?62:6% .8<,% .0A1

9,/0.%4+,%;88G2/3%58+?4+9%08D% 2.% % OL4/% B8A% ;4.0% 4% ]A.;2<% 54.0gPC `4B,%F400B,D%4%.,:8/9%B,4+% .0A9,/0% ?68% 6,4+9% 4I8A0% J2.:8@,+% (.;4<% N,,G% 5+8<% +,:,/0% -+8<8028/% 08;9% 06,% F,4@,+% O4;068A36% (% 4<% /80% 4% 58;;8?,+% 85% (.;4<% <B.,;5D% (% 64@,%4;?4B.%?4/0,9%08%.,,%25% (%:8A;9%04G,%-4+0%2/%4%]A.;2<% .0B;,%54.0CP%

!68.,% .0A9,/0.% ?68% 98% ?4/0% 08% 04G,% -4+0% 2/% 06,% 54.0% ?2;;%I,%+,?4+9,9%58+%06,2+%,51 58+0.% ?206% 4% :8<-;2<,/04+B%

<,4;C K+28+% 08% 06,% J2.:8@,+% (.1 ;4<% N,,GD% 8/% ]8/94B% UV06% `,I+A4+BD%06,+,%?2;;%I,%4/%,T1 62I2028/% 8/% (.;4<% ?62:6% ?2;;% 2/:;A9,% 4% I283+4-6B% 85% 06,% K+8-6,0% ]A64<<49% 4.% ?,;;% 4.%4%-2,:,%8/%(.;4<2:%"2.08+BC% !6,+,% ?2;;% 4;.8% I,% 4% .04;;% 58+% 06+,,% 94B.% .8% -,8-;,% :4/% 4.G% fA,.028/% 4/9% 52/9% 8A0% <8+,% 4I8A0% (.;4<% 4/9% 4/B% 9,042;.% 4I8A0% J2.:8@,+% (.;4<% ?,,GC% N206% 4/% ,T:202/3% ,@,/0% ,@,+B94BD% J2.:8@,+% (.;4<% N,,G% .,0.% 08% I,% 8/,% 85% 06,% 6236;2360.% 85% 06,% 7*$% :4;,/1 94+C% d.% 8/,% 85% 06,% 5,?% A/21 @,+.202,.% 0640% 68;9% 4% ?,,G% 85% ,@,/0.% 9,92:40,9% 08% (.;4<D% 06,+,% 2.% 2/,@204I;B% 382/3% 08% I,%4%;4+3,%4<8A/0%85%2/0,+,.0% I806% ?2062/% 06,% 7*$% :8<<A1 /20B%4/9%06+8A368A0%78/98/C% 3+)'4+)#'1&5+)4%!1+&'+&'61*7 8+9#)' $*:%4' ;##<,' 91*1!' !"#' .!=>#&!*'0&1+&'?#@*1!#A'

3URWHVWHUV JDWKHU RXWVLGH WKH 'LUHFWRUâ&#x20AC;«Ú&#x2018;â&#x20AC;¬V RIILFH 3URIHVVRU &DOKRXQ ZDVDWWHQGLQJWKH:RUOG(FRQRPLF)RUXPLQ'DYRVDWWKHWLPH

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

8A0.% -;4//,9% 0894B% 4/9% 8/% ]8/94B% `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a4B% *08;;% :8<<,/0,9% 8/% !?200,+% 0640% 7*$% -4B.% ;,:1 0A+,+.% O?,;;% 4I8@,% 06,% /41 028/4;% 4@,+43,H% 4/9% 0640% 06,% *&%?4.%E+,;A:04/0%08%.A--8+0% b06,%.0+2G,.c%?2068A0%4%92+,:0% <4/940,%5+8<%.0A9,/0.CP%

GLOBAL VILLAGE DATE: TUESDAY 4TH FEBRUARY LOCATION: THE VENUE TIME: 11AM-3PM Visit LSEâ&#x20AC;&#x2122;s Global Village where societies will be showcasing their respective cultures, providing finger food and a variety of memorabilia. With representation from over 15 national and cultural societies, visit each stall to fill up your passport with stamps and present it to Customs for your chance to win awesome prizes!

VISIT LSESU.COM AND OUR SOCIAL NETWORKS


*A24-+=&E+,A+0=&De&&D`TV

'*+

4

!"#$"%

!"#$

!"#$%&&#"'()*"+,*'-%.'"%+/".&'+#'0-1 2#)3.34'5367%

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

!"#

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

56+5& 562& 12-;+& 46/A9-& 302: 42,5&3/G205=&;,&+&>+=&>6;86& >;99& 2,?+?2& 32/392[& 6;?6: 9;?65;,?& 562& -;..202,82& @2: 5>22,& ON,/>;,?Q& ;5& 2R;454& +,-& OA,-2045+,-;,?Q& >6+5& ;5&12+,4F& 72,M4& 5+9N& 92.5& 562& +A-;: 2,82& .229;,?& 8/,.;-2,5& 56+5& 2R50212& 3/G205=& 8+,& @2& 20+-;8+52-F& S;4& 1/45& 02: 82,5& @//N& ;4& ',& (,8205+;,& \9/0=X&P,-;+&+,-&P54&]/,50+: -;85;/,4B& 8/:+A56/02-& >;56& E2+,&^02H2F& !"#$%&'( ")( '*+( ,+$'-.+( /&( %0%/,%1,+("2(345(6+1&/'+7

F3&%'3.'G.3B%"&3+,'2%6"%%'H=*&&3$34*+3#.&I 45A-2,54& 0282;G;,?& +& .;045& 89+44& -2?022& 6+4& @22,& /,& 562& 0;42& 4;,82& TUU`4& /0& "!& DT7*& E'!(')_B& D`TVB& 2G2,& @2./02B& >6202& 562& 72+,& ]/A?69+,B& ##]& !2>4& .;?A02& fA132-& .0/1& 2;?65& 2-A8+5;/,& 8/00243/,-2,5& 320& 82,5& ;,& TUU`& 5/& TT& 320& 023/052-& 562& 0;42& ;,& A,;: 82,5&;,&D``VB&+,-&&&6+4&,/>& G204;5=& -2?022& ?0+-24& F"A5& 39A11252-& 5/& TU& 320& 82,5F& /.& +99& .A99& 5;12& A,;G204;5=& *62& 0;4;,?& ?0+-2& 45+,-: 92G29& 45A-2,54B& a`& 320& 82,5& +0-4& 6+G2& +94/& ;,802+42-& +86;2G2-&6;?620&56+,&+&DXD& 562& 1;,;1A1& 0280A;5;,?& 9+45& =2+0& F*62& 6;?69;?65& /.& 560246/9-4& ./0& 1+f/0& f/@4& 562&023/05&>+4&562&0242+086& +,-&420G;824F 8/,-A852-&@=&28/,/1;454&+5& *62& 02+4/,4& ?;G2,& @=& %+,8+4520& (,;G204;5=& K+,: %(K7& 0242+086204B& ./0& +?212,5& 786//9& b%(K7cF 562& +33028;+5;/,& /.& ?0+-24& *62& 45A-=& 4A??2452-B& 8/,: 6+G2& 125& +& 46+02& /.& 80;5;: 50+0=& 5/& 562& 3/3A9+0& @29;2.B& 56+5&56;4&0;42&;4&,/5&8+A42-& ;>>>?@A' *473%B%C' 8;41F&<0/.244/0&'9+,&71;56: 204B&^;0285/0&/.&562&]2,502& @=&?0+-2&;,.9+5;/,F ./0& $-A8+5;/,& +,-& $139/=: 7367%"'+7*.' *62& ;130/G212,5B&45A-=& 12,5& )242+086& +5& 562& (,;: 4A??2454B&;4&;,&9;,2&>;56&562& DED'=*&+',%*">; G204;5=& /.& #A8N;,?6+1B& 0;4;,?&ZA+9;5=&/.&562&;,5+N2B& 6+4& 02f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`TD:D`TWB& .0/1& D``d:D`TDB& 0242+086& +4& 46/>,& @=& 562& S;?620& 8/,89A-2-& 56+5& /,& +G20: $-A8+5;/,& 75+5;45;84& '?2,: +?2B&56202&6+-&@22,&+,&;1: 8=& bS24+cF& P5& ;4B& 6/>2G20B& 30/G212,5&;,&562&ZA+9;5=&/.& ,/5& +& 0282,5& 362,/12,/,F& &'()*+#,*%",-./,012"*3.%*45"* ;,5+N2&/.&/,2&':92G29&?0+-2& '88/0-;,?& 5/& S24+B& 562& UHSRUWRQ‫ڐ‬JUDGHLQ૾DWLRQ‫ڑ‬ 32082,5+?2& /.& .A99:5;12& 5##8*'9/&7+*:

320&45A-2,5&+,-&56;4&.+85&;4& 02.92852-& ;,& 0;4;,?& -2?022& ?0+-24F& *62& 0242+086& ?+G2& ,/& 2G;-2,82& /.& A,;G204;: 5;24& 8/,50;@A5;,?& 5/& ?0+-2& ;,.9+5;/,& 2R8235& +1/,?45& 562& 5/3& A,;G204;5;24B& >6;86& 0242+086204& ./A,-& >202& e& 320& 82,5& 1/02& 9;N29=& 5/& +>+0-& 6;?620& -2?0224B& +.: 520& 562& -;..202,824& ;,& ': 92G29& ?0+-24& +1/,?& 562;0& ;,5+N2&6+-&@22,&5+N2,&;,5/& +88/A,5F& S/>2G20B& 562& 02: 42+086204& 02f285& 4A??24:

@29;2G24&&;5&;4&562&024A95&/.&+& 1/A,5;,?&f/@&1+0N25&450+;,& 3A46;,?& 6+0-20& >/0N;,?& 45A-2,54& 5/& +86;2G2& 6;?620& 56+,& +& DXDB& +4& >299& +4& 562&

;>>>+K34%'*&')*.,' &+/C%.+&'*473%B%C' *'DEP'*&'*'DED'3.' D@PDOD@PQ>>>N ?0/>;,?& 30244A02& /,& A,;: G204;5;24& 5/& ;130/G2& 562;0& 45+,-;,?& ;,& 92+?A2& 5+@924& @=&48/0;,?&1/02&3/;,54&-A2& 5/&6;?620&-2?022&?0+-24F& 75+5;45;84& 3A@9;462-& /,& 562&%7$& ^+5+& K+,+?212,5& (,;5&/.&562&'8+-21;8&)2?;4: 50+0M4&^;G;4;/,&46/>2-&56+5& ;,&D``UB&W`FD&320&82,5&/.&+99& 562& A,-20?0+-A+52& 45A-=: ;,?& ZA+,5;5+5;G2& 4A@f2854& +5&%7$&0282;G2-&+&.;045F&*62& .;?A02& -2802+42-& 5/& DUFD& 320&82,5&;,&D`T`&+,-&5/&DdFd& 320&82,5&;,&D`TDF&75+5;45;84& ./0& A,-20?0+-A+524& 45A: -2,54& 45A-=;,?& ZA+9;5+5;G2& 4A@f2854& 46/>2-& +& 4;1;9+0& 502,-& .0/1& D``U& 5/& D`TDF S/>2G20B& 562& 32082,5+?2& /.& 45A-2,54& 0282;G;,?& +& DXT& .0/1&D``U&5/&D`TDB&./0&@/56&

ZA+,5;5+5;G2& +,-& ZA+9;5+: 5;G2& 4A@f2854& 6+G2& 46/>,& +,& ;,802+4;,?& 502,-& 56+5& 8/00243/,-4& 5/& 562& /G20+99&& 502,-&;,&(J&A,;G204;5;24F ',& ;,./01+9& 4A0G2=& >+4& 8/,-A852-& /,& S/A?65/,& 450225& 5/& 8/99285& 45A-2,5& G;2>4& /,& ;130/G2-& -2?022& ?0+-24F& *62& 0243/,424& >202&+4&-;G2042&+4&562&45A: -2,5& @/-=& >;56& 1/45& 8/1: 1/,& +,4>204& 0+,?;,?& .0/1& +4424412,5& 1256/-4& @2;,?& 8/13+0+5;G29=& 9244& O-0+8/: ,;+,QB&4;139;.;8+5;/,&/.&4=9: 9+@A424B& 5/& +G+;9+@;9;5=& /.& /,9;,2& 024/A0824& +,-& 023: 25;5;/,&/.&2R+1&ZA245;/,F& 7/12& 45A-2,54& @29;2G2-& 56+5& 562& ?0+-24& /.& 562& 9244& +@92& 45A-2,54& +02& 0+;42-& 560/A?6& 92,;2,8=& 92+-;,?& 5/&?0+-2&;,.9+5;/,&56+5&+94/& @29;55924& 562& >/0N& /.& 562& 1/02& +@92& 45A-2,54F& K+,=& +94/& G/;82-& 562;0& 8/,820,4& +@/A5& 562& /A58/124& /.& 8/,45+,5& ?0+-2& ;,.9+5;/,B& 0+,?;,?& .0/1& -2G+9A+5;/,& /.& ?0+-24& 5/& ;,802+42-& ;1: 3/05+,82&/,&;,520G;2>4&+,-& >/0N&2R320;2,82&>;56;,&562& f/@&1+0N25F


!"#

!"#$"%

5

7?41;85)W8>?8,5)T_)TU`a

!"#$ <=443'>4#'?@4*A@)BC'D$;'3#$;;$%A'$%';"%3+'4>'*%64%)"6)&3')#$8&+ 54;;/'E#&%)";;

!"#!$%"&'() *+"#) ,-./01) 123-4056) *(%(') 74,,86) 9,2: 04104;) <810) =4;>41;85) 2?0: 1-;4) 0/4) 2@@-341) 2@) A4,4>32) &-<) ->) B/4<1486) /8>;->.) 2?0) @,44) C?@@->1) 8>;) 18>;D-3/41) D,8994;) ->) @<-4,1) 4E9<8->->.) 0/4-,) 38?14F) 74,,8) /2<;1) -1: 1?4) D-0/) 0/4) ;48;<5) 4@@4301) A4,4>32G1) 294,80-2>1) 8,4) <-H4<5) 02) /8I4) 2>) ->;-.4>2?1) 9429<46) 81) D4<<) 81) 0/4) 0/4) 4>I-,2>C4>08<) ;4.,8;80-2>) D/-3/) D-<<) J4) 38?14;) J5) 0/4) 32,92,80-2>G1) 4>3,283/C4>0) ->02)"2,0/4,>)A4,?F +332,;->.) 02) I8,-2?1) 12?,3416) A4,4>32) /8I4) J?,: -4;) 4I-;4>34) @2?>;) J5) +>: 0/,292<2.-101) 2@) 0/4) '>-I4,: 1-05) 2@) 0/4) A4,?I-8>) +C8K2>6) 0/80)0,-J41)<-I4)->)*20)LM6)0/4) 8,48) 2@) A4,?) D/4,4) A4,4>32) 108,04;) ;,-<<->.) <810) C2>0/F) N41-;41) 1-./0->.1) J5) <238<16) 0/4) ,4148,3/4,1) @2?>;) J4>0) J,8>3/416) @2209,->016) D2C: 4>) J80/->.) ->) 0/4) ,-I4,1) 8>;) 1948,1) 2>) 980/D851F) B2>: 0,8,5) 02) 0/4-,) ;4>-8<) 2@) 0/414) 0,-J41G) 4E-104>346) A4,4>32) 8,4) ->10,?30->.) 0/4-,) D2,H: 4,1) 2>) /2D) 02) ,4192>;) ?92>) C440->.)0,-J8<)9429<4F &<-I4,) O4-1>4,6) (43,408,5) 2@) 74,,8) 123-405) 8>;) 0/-,;) 548,) N(3) +>0/,292<2.5) 10?: ;4>06) 4E9<8->4;P) Q!>) 8) >?0: 1/4<<) D/80) A4,4>32) -1) ;2->.) -1) D,2>.) J438?14) 0/45) 8,4)

->0,?;->.) 2>02) 8>;) C-1?1->.) 0/4)<8>;)2@)9429<4)D/2);2)>20) /8I4)0/4)8I4>?41)02)2JR430FS

2-<);,-<<->.)->02)0/4-,)<8>;6)83: 32,;->.) 02) (?,I-I8<) !>04,>8: 0-2>8<6) 0,-J8<) 9429<41G) ,-./01)

D,8994;) ->) 8) @<54,) 02) 2>4) 2@) 0/4)4C9<25441)/4)18-;)0/80)/4) 32?<;)>20)08H4)0/4)C?@@->)J4: 38?14) /4) ;-;) >20) 8.,44) D-0/) D/80)D4)D4,4);2->.F)=/4>)!) ,4C->;4;)/-C)2@)0/4)@830)0/80) 9429<4) 8,4) ;5->.) ->) A4,?) J4: 38?14) 2@) A4,4>32G1) 830-I-0-41) /4) ,49<-4;P) Q0/4,4) 8,4) >2) ->: ;-.4>2?1)0,-J41)<-I->.)2>)0/-1) <8>;FS)!0)-1)8)94,@430)4E8C9<4) 2@)/2D)9429<4)38>),80-2>8<-14) 0/4-,)C2,8<<5)D,2>.)830-2>1FS) +1) O4-1>4,) 92->01) 2?06) A4,:

0/4-,) 9,204101) D-<<) J4) 4@@43: 0-I46) I2>) X8J4>8?) 8114,016) QA,20410->.) ;4@->-04<5) D2,H1F) *810) 548,6) (?,I-I8<) !>04,: >80-2>8<) 108,04;) 8) 9,20410) 8.8->10) 0/4) %>.<-1/) ,412?,34) 4E0,830-2>) 32C98>5) A4;8>08) D/2) D81) C->->.) ->) 8) 183,4;) /-<<) 2@) 0/4) !>;-8>) 0,-J4) #2>: .,-8) O2>;/) ->) &,-118F) 7/4) 9,20410) <4;) 02) 1?3/) 9?J<-3) 2?0,8.4) 0/80) C8>5) ->I4102,1) ;-I4104;) @,2C) A4;8>08) 8>;) @->8<<5)0/4)!>;-8>)32?,0)D-0/:

KE&6"*+&')@&+&')#$8&+LLL';"67'$::*%$)/' )4'64::4%'3$+&"+&+,')@&#&'$+'"'@$A@' ;$7&;$@443')@")')@&/'1$;;'8&'1$.&3'4*)M'

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

2,.8>-K80-2>F 7/4)9,20410)D81);413,-J4;) J5) W8>4) I2>) X8J4>8?6) A,41-: ;4>0)2@)74,,8)123-405)8>;)N(3) A/-<2129/5) 8>;) %32>2C-31) 10?;4>06)81)Q8>)->-0-80-2>)02)8) 14,-41) 2@) 9,204101) D/-3/) 8,4) ->04>;4;) 02) .-I4) 0/4) 4C9<25: 441)2@)A4,4>32)12C4)@22;)@2,) 0/2?./0F) !) 0/->H) 9429<4) 04>;) 02) ,80-2>8<-14) 0/4-,) R2J1) 8>;) 3<214) 0/4-,) 4541) D/4>) 32>: @,2>04;)D-0/)->@2,C80-2>)0/80) 0/45);2)>20)D8>0)02)H>2DFS Q=/4>) 2@@4,->.) 8) C?@@->)

4>32G1) 830-I-0-41) 8,4) Q12<4<5) ->) 0/4) ->04,410) 2@) 0/4-,) 2D>) 9,2@-01FS O4-1>4,) 4<8J2,804;) 2>) D/80) /4) ?>;4,108>;1) A4,4>: 32) 02) J4) ;2->.) D,2>.P) Q0/45) ,-1H);4.,8;->.)0/4),8->@2,410) J5) <483/->.) 3/4C-38<1) ->02) 0/4)12-<F)7/4)4>;),41?<0)-1),4: <481->.) 32?>0<411) 02>>41) 2@) 32T) ->02) 0/4) 80C219/4,4) 80) 8)0-C4)D/4>)/?C8>-05)>44;1) 02),4;?34)-01)4C-11-2>1FS)A4,: 4>32G1) D2,H) ->) 0/4) Y8,8Z[>) N81->6)D-<<);410,25)2>4)2@)0/4) D2,<;G1) C210) J-2;-I4,14) 8,4: 816)2>4)2@)0/4)<8,.410)38,J2>) 102,416)81)D4<<)81)0/4)3/8>34) 02);-132I4,)>4D)3?,41)@2,);-1: 48141F =-0/) ,4.8,;1) D/40/4,)

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

("1'(1&&'5467'6&%)#&'84"+)+'&%9$#4%:&%)";'+*+)"$%"8$;$)/ !"#$%&'()#"*++,'-&.*)/'0&1+'23$)4#

E*$;3$%A'F&+&"#6@'2%9$#4%:&%)";'G++&++:&%)'!&)@434;4A/'H&#)$>$6")$4%

7\%)^!X(7)"%=)J?-<;->.)2>) 0/4) *2>;2>) (3/22<) 2@) %32: >2C-31)38C9?1)@2,)C2,4)0/8>) @2,05) 548,1) /81) 0,8>1@2,C4;) 0/4) (3/22<G1) 38C9?1) J5) 9,2: I-;->.)32>04C92,8,56)@<4E-J<4) 8>;)4>I-,2>C4>08<<5)@,-4>;<5) 198341)@2,)10?;4>01)8>;)108@@F 7/4) *(%) ->I4104;) bc_C) ->) 0/4) >4D) (8D) (D44) \23H) (0?;4>0)B4>0,4)d((\e6)D/-3/) 2@@4,1) 8) ?>-f?4) 8>;) 1?108->: 8J<4) 8,3/-0430?,4) 02) -C9,2I4) 0/4)10?;4>0)8>;)108@@ G1)4E94: ,-4>34)8>;)4>I-,2>C4>0F 7/4)J?-<;->.G1);41-.>)?141) >80?,8<) I4>0-<80-2>) 8>;) 9,2: I-;41) -C9,2I4;) 32>0,2<) 2I4,) /480->.)8>;)8-,)32>;-0-2>->.F) 7/-1) 3/8,8304,-10-3) /4<94;) 0/4) J?-<;->.) 02) 83/-4I4) 8>) Q2?0108>;->.S) ,80->.) J5) 0/4) NX%%+Y) dN?-<;->.) X4148,3/) %108J<-1/C4>0) %>I-,2>C4>: 08<) +11411C4>0) Y40/2;2<: 2.5eF) 7/4) J?-<;->.) 8<12) ->: 3<?;41).,44>)8>;)J,2D>),22@) .8,;4>1)02)4>/8>34)0/4)432<: 2.5)2@)0/4)1-04F =/4>)-0)32C41)02)<-./0->.6) 0/4) ((\) 32CJ->41) >80?,8<) 8>;) 8,0-@-3-8<) ;85) <-./0->.F) !>04<<-.4>0) <-./0->.) 32>0,2<) 15104C1) D-0/) C2I4C4>0) 14>: 12,1) 8>;) <2D) 4>4,.5) <8C91) 9,2I-;4)0/4)J?-<;->.)8>)4>4,: .5) 4@@-3-4>0) <-./0->.) 15104Cg) 12C4) ,22C1) ;2>G0) /8I4) <-./0) 1D-03/416)81)0/4)<-./0)D-<<)8;: R?10) 2>34) C20-2>) /81) J44>) ;404304;)02)18I4)4>4,.5F +1) 98,0) 2@) 0/4) *2Dhi4,2) B8,J2>)743/>2<2.-416)0/4);4:

1-.>)32C9,-141).81)@-,4;)32C: J->4;) /480) 8>;) 92D4,) ?>-01) 02)C440)0/4);2C410-3)/20)D8: 04,) 8>;) /480->.) ;4C8>;1) 2@) 0/4) J?-<;->.F) 7/4,4) 8,4) 8<12) 9/202I2<08-3) 98>4<1) ->04.,80: 4;)2>02)0/4),22@)8,48)02)9,2:

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d;2C410-3) D8104D804,) @,2C) D81/) /8>;) J81->16)1/2D4,1)8>;)1->H1eF Q7/4) 294>->.) 2@) (+=) -1) 8) 3<48,) ;4C2>10,80-2>) 2@) 2?,) 8CJ-0-2>) 02) 3,4804) 8) D2,<;) 3<811) 410804S6) 18-;) 0/4) *(%) %108041) #-I-1-2>F) !>;44;6) 2I4,)8)0/-,;)2@)10?;4>01)/8I4) ,4R4304;) 8) ?>-I4,1-05) ;?4) 02)

0/4) f?8<-05) 2@) -01) J?-<;->.1) 8>;)<83H)2@)@83-<-0-416)8332,;: ->.) 02) 8) ,434>0) ,4148,3/) <4;) ->)32>R?>30-2>)D-0/)0/4)\-./: 4,) %;?380-2>) #41-.>) j?8<-05) ^2,?C)d\%#j^eF W?<-8>) X2J->12>6) *(%) ;-: ,4302,) 2@) 4108041) 8>;) ;49?05) 3/8-,6) \%#j^6) 8;;4;P) QJ4: 0D44>) `kkL) 8>;) TU``) ?>-: I4,1-0-41) /8I4) ->I4104;) 8) C811-I4)bTMFV)J-<<-2>)->)0/4-,) J?-<;->.) 8>;) 41080416) ,41?<0: ->.) ->) 12C4) 8C8K->.) J?-<;: ->.1) 2@) D2,<;:3<811) f?8<-056) ->32,92,80->.) ->>2I80-I4) ;4: 1-.>6) 4>I-,2>C4>08<) 1?108->: 8J-<-05) 8>;) @<4E-J<4) ?14F) &?,) >80-2>D-;4) 1?,I45) 140) 2?0) 02) ;404,C->4) D/40/4,) ->I410: C4>0) ->) 8) ?>-I4,1-05G1) 410804) C8004,1) 8>;) C8H41) 8) ;-@@4,: 4>34) 02) 10?;4>01) 8>;) 0/4-,) ?>-I4,1-05)4E94,-4>34FS =-0/)8)baUUC)9,2.,8CC4) 2@) 1-04) 83f?-1-0-2>6) J?-<;->.6) ,4@?,J-1/C4>0) 8>;) -C9,2I4: C4>016)0/4)*(%)-1)>2D)->)0/4) 9,23411)2@),4>4D->.)-01)C8->) 38C9?1) 8>;) ->@,810,?30?,41F) =-0/) 0/4) ((\6) 0/4) (3/22<) 8-C1) 02) 0,8>1@2,C) 0/4) 10?: ;4>0)4E94,-4>34)QJ5)J?-<;->.) 0/4) J410) 10?;4>01G) 34>0,4) ->) 0/4)'OFS 7/4) (8D) (D44) \23H) (0?: ;4>0) B4>0,4) D81) /8>;4;) 02) 0/4) (3/22<) 2>) 0/4) `_0/) #4: 34CJ4,) TU`c) 8>;) D4<32C4;) -01) @-,10) 233?98>01) 2>) L0/) W8>?8,5) TU`aF) 7/4) 2@@-3-8<) 294>->.)-1)9<8>>4;)@2,)Y8,3/) TU`a) 8>;) 1/2?<;) 8;;) -C92,: 08>0) I8<?4) 02) 0/4) 10?;4>0) 4E: 94,-4>34)80)0/4)*(%F


!"#$%&'()&*"&+'(,-(,./0

!"#

6

!"#$"%

!"#$ &'()*(+",0#1"2

.%'/-

.%'()- ?@#( E#H?"+#Q( 8E#_( 6XD+\D*>( &(

O;+( ?@#( B;$?( A&+?( O&+&U#( +#B&D*#%(;*(?@#(D$$"#(;<(M"= +;A#&*( #E#H?D;*$b( @;J#\#+>( D?( J&$*V?( "*?DE( ?@#( ]"#$?D;*$( H&B#( <+;B( ?@#( <E;;+( ?@&?( ?@#( ?&EX( U;?( A&+?DH"E&+E'( @#&?#%Q( 8*( "*%#+U+&%"&?#( $?"%#*?( <+;B( ?@#( L6M( &$X#%( O&+&U#( J@&?( @#( J&$( NA#+$;*&EE'( %;= D*U( ?;( U#?( +D%( ;<( ?@#( KDU;?+'( &*%(@;B;A@;KD&(D*(c@D$d(A&+= ?'QR( !@#( ]"#$?D;*( J&$( B#?( JD?@(&(+;"*%(;<(&AAE&"$#>(&*%( ?@#( H&*%;"+( D*( J@DH@( D?( J&$( A+#$#*?#%( HE#&+E'( $@;;X( e+( O&+&U#Q( C*( +#$A;*$#>( O&+&U#( $?+#$$#%( ?@&?( D?( D$( \#+'( %D<<D= H"E?( <;+( N&*'( *#J( \;E"*?&+'( ;+U&*D$&?D;*R( ?;( \#?( #\#+'= ;*#>(&*%($?&?#%(?@&?(&E?@;"U@( @#(D$(@&AA'(<;+(A#;AE#(?;(@&\#( ?@#D+(;J*(\D#J$(@#(N%;#$(*;?( J&*?(&(A&+?'(?@&?(U;#$(+;"*%( %#EDK#+&?#E'( ;<<#*%D*U( E&+U#( $#H?D;*$(;<(?@#(H;BB"*D?'QR( e#BK#+$( <+;B( 8H?D;*( ,./0>( &( U+&$$+;;?$( B;\#= B#*?( $##XD*U( ?;( $?;A( 4ZCS( <+;B( JD**D*U( ?@#( *#_?( #E#H= ?D;*>(J#+#(A+;?#$?D*U(;"?$D%#( ;<( ?@#( 1E%( W"DE%D*U( K#<;+#(

GGHI$J/62?/)$ 8QWLO0DUFK

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

L6MV$( 8H&%#BDH( W;&+%( @&$( A"?(;<<(%D$H"$$D*U(?@#(H;*?+;= \#+$D&E(!#&H@D*U(!&$X(O;+H#(,( +#A;+?Q( ( 8<?#+( +#]"#$?$( <+;B( ?@#( @#&%$( ;<( $#\#+&E( %#A&+?= B#*?$( &?( ?@#( 6H@;;E>( D?( JDEE( *;J( K#( %D$H"$$#%( &?( ?@#( W;&+%V$( e&+H@( B##?D*U( D*= $?#&%(;<(O#K+"&+'(&$(D*D?D&EE'( AE&**#%Q( L6M64( M%"H&?D;*( 1<<DH#+( 5;$D#(Y;E#B&*(J&$(H&"?D;"$= E'(;A?DBD$?DH>($"UU#$?D*U(?@D$( B&'(@&\#(K##*(&(+#$"E?(;<(?@#( &B;"*?( ;<( $?"%#*?$( #B&DED*U( ?@#D+( %#A&+?B#*?( @#&%$( ?;( +&D$#( H;*H#+*$Q( NC?( UD\#$( "$( &*;?@#+($D_(J##X$(?;(J;+X(;*( ?@D$R>( $@#( $&D%>( N&*%( J#( JDEE( +#&AAE'(?@#(A+#$$"+#(D*(#&+E'( e&+H@QR

3'%- /'%"- '(- )4"- $*56 *)- '.- 7*1"8- 3#%#1"- )'9:;<- 5""- '+%- 3"#)+%"=()"%$*">- '(- ?#1"- @A#(,- B0*(*'(- ?#1"5- C#(,-DE

!"#$%&'('$)*'+,''*&-$./(0//-$123&4$5-(/4-2(*&-26$7/62(*&-'$(%/&4*'('$$ UE#( KDUU#$?( H@&EE#*U#( ?;( ?@#( ;+%#+>( H&*( ?@#( H@&EE#*U#( K#( 12(!3456789(,:+%(;<()&*"= B#?( D*( #_D$?D*U( D*?#+*&?D;*&E( &+'>(?@#(( 7 # A & + ? B # * ?( D*$?D?"?D;*$>( &*%( D<( *#J( D*= ;<( C*?#+*&?D;*&E( 5#E&?D;*$( $?D?"?D;*$( &+#( *##%#%( J@&?( FC5G( D*( H;*I"*H?D;*( JD?@( ?@#( JDEE( ?@#'( E;;X( EDX#`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`R( 3#( &*$J#+( ?;( ?@D$( A4&B/''&4$ C&%-$ 5D/-./44?$ 6/+(,4/'$ *-$ A&6*(*+'$ 2-)$ *-(/4-2(*&-26$ ?@#( 7&*D$@( C*$?D?"?#( <;+( C*= J&$( *;>( $&'D*U( ?@&?( ?@#( +D$= $૸DLUVDW3ULQFHWRQ8QLYHUVLW\ ?#+*&?D;*&E(6?"%D#$>(&*%(S+;= D*U( A;J#+$( @&\#( *;( D*?#+#$?( <#$$;+( Y@&+E#$( Z"AH@&*( ;<( D*( ;\#+?"+*D*U( ?@#( #_D$?D*U( 6H@;;E( ;<( C*?#+*&?D;*&E( 5#= 7+Q( W"T&*( &*%( ?;;X( &( $DBD= [#;+U#?;J*( 4*D\#+$D?'( &*%( ;+%#+( &*%( ?@&?( ?@#( $?+"UUE#( E&?D;*$>( J&$( ?@#( *#_?( ?;( +#= E&+( $?&*H#( ?;J&+%$( ?@#( ]"#$= H;EE#H?D\#E'( ?@#'( +#A+#$#*?( &( ?;%&'(D$(&K;"?(J@;(@&$(&($&'( $A;*%( ?;( 7+Q( !+"K;JD?TV$( ?D;*$(A;$#%>(K"?("$#%(&(B;+#( JD%#( $A#H?+"B( ;<( $H@;;E$( ;<( D*(%#HD$D;*(B&XD*U(JD?@D*(?@#( ]"#$?D;*$>( $&'D*U( ?@&?( ?@#+#( H;*$?+"H?D\D$?( ;+D#*?#%( &+U"= ?@;"U@?(D*(D*?#+*&?D;*&E(+#E&= ;+%#+(&*%(*;?(&($?+"UUE#(;\#+( D$*V?( ;*#( $D*UE#( H@&EE#*U#( ?;( B#*?Q( 6@#( B&%#( @#+( &+U"= D%#;E;UD#$>( A;D*?D*U( ;"?( ?@&?( ?@#( EDK#+&E>( K"?( +&?@#+( $#\#+= B#*?( &+;"*%( ?@#( ]"#$?D;*( ;<( ?D;*$Q(( 7+Q( !+"K;JD?T( ;A#*#%( ?@#( ?@#( +D$D*U( A;J#+$( &+#( +D$D*U( &E(A+;KE#B$>(*&B#E'(?@&?(?@#( @;J( H&*( J#( <&HDED?&?#( H;;A= %#K&?#( JD?@( &$XD*U( ?@#( A&+= JD?@D*( ?@#( #_D$?D*U( ;+%#+( K#= #*%( ;<( P#$?#+*( %;BD*&*H#( #+&?D;*( D*( ?@#( D*?#+*&?D;*&E( ?DHDA&*?$( ?;( H;*$D%#+( ?@+##( H&"$#(?@#'(#*I;'(?@#(K#*#<D?$( %;#$(*;?(B#&*(?@&?(&($"HH#$= ;+%#+`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

.-/-,"#-)$

>4/9&4?$@*'(

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a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


!"#

!"#$"%

7

L/&(2,<#W,"/,'<#]aB#]^\b

!"#$#%$ !"#$%&"'()*+,-(./ <03/=.4"2/>#%#4"?*/*,""+0/4.$"*/0),"/-)/!%.-#.5?*/,%)@'A/+#1,#.45"%*/ %+&# &*0"04$*# 2&9,%&# (&%(# ,# 1'&*&2&"%=# J%# (+0E(# %+,%B# /"3 &F1&*%&26<#%0#40(%#./'01+$6&(# AE+0# %&"2# %0# 9&# ,# 1'&%%<# '&3 ($)"&2# 9/"*+B# ,"2# 1&'+,1(# (04&%$4&(# (%/*C# $"# ,"# ,66# %00# 4,'%<'$(+# (&6@3*0"*&1%$0"GB#

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роКJXUHGDVWKHVROH &F16$*$%6<# ,"2# $416$*$%6<# ,23 2/*&2#*,/(&#@0'#-'$%,$"8(#"&&2# %0#6&,?&#%+&#.H#%+'0/)+0/%#%+&# %,6C=# L+$(# $(# '&6&?,"%# %0# %+&# ./3 '01&,"# 2&9,%&# $"# %E0# (%'$C$")# ZD\V,QDYHU\VSHFLроКFVHQVH %+$(#(%',%&)$*# (+$@%# $"# 7,',)&8(# '+&%0'$*# '&1'&(&"%(# ,"# &,'%+3 R/,C&# $"# %+&# ./'01&,"# 2$(3 *0/'(&# $"# %+$(# *0/"%'<B# ,"2# $"# %+&#1'&*&2&"%#$%#(&%(B#%+'0/)+3 0/%# ./'01&S# $%# 4&,"(# %+,%# %+&# SUR(XURSHDQV IRU WKH роКUVW %$4&#$"#'&*&"%#./'01&,"#H"$0"# +$(%0'<B# +,?&# E0"# %+&# 2&9,%&# 0"# ,"# $((/&# A",4&6<B# %+&# &*03 QRPLFEHQHроКWVRIтАл┌РтАмVWD\LQJLQтАл ┌СтАм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

&<.-0/"5)(40/ ,%"**(%"/#56/ #/+)5+"%-"6/ "88)%-7/-0"%"/.*/ #/,%)*,"+-/-0#-/ -0"/'(%),0.2"*/ +#5/+0#*"/-0"/ '(%)*+",-.+*:;

5+1*1"6)/7$*8"9:$6.)8"'-)1";/(:$2*"</=2:/**/)

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

&'(%)*+",-.+*/ 0#$"/*.1,23/ .45)%"6/-0"/ #%4(1"5-#-.$"/ 6.*+(**.)57/%"23.54/ )5/,#56"%.54/ -)/"1)-.)5/#56/ 4(-/8""2.54/-)/ 1#.5-#.5/-0"/ ,(92.+/(,,"%/ 0#56:; ;0# @,'# )002# "&E(# @0'# 1'03 ./'01&,"# *,41,$)"&'(=# L+&# 9,2#"&E(B#0@#*0/'(&B#$(#%+,%#"0# 0"&# "0%$*&2=# J"# ,# 4$62# *+,")&# 0@# %,*%$*(B# E+&'&# ./'0(*1&%3 $*(#1'&?$0/(6<#$)"0'&2#%+&#@,*%# %+,%# %0# ,"<# ',%$0",6# 1&'(0"#

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тАл┌РтАм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роКWWRWKHKRVWFRXQWU\тАл┌СтАмVHFRQ 04<B# $"B# ,"2# *60(&# %+&# ),%&(# 0"# %+&# '&(%=# J410'%,"%6<B# +&# 2$2# "0%# ,2?0*,%&# "0# $44$)',3 %$0"# ,%# ,66B# 1'$0'$%$($")# %+&(&#

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роКWV RI 4$)',%$0"# %0# %+&# -'$%$(+# &*0"3 04<B# $"*6/2$")# &?$2&"*&# %+,%# WKH\ PDNH D SRVLWLYH QHW роКV *,6#*0"%'$9/%$0"B#,"2#,'&#40'&# 6$C&6<#%0#9&#$"#&4160<4&"%#,"2# OHVV OLNHO\ WR EH RQ EHQHроКWV %+,"#-'$%$(+#*$%$X&"(= >$""$")# %+&# ,')/4&"%# 0"#

%+&'&# 4,<# 9&# 6$)+%# ,%# %+&# &"2# 0@# %+&# %/""&6S# E$%+# &"0/)+# 1'&((/'&# ,"2# ,# *0"*&'%&2# &@3 @0'%B# %+&'&# $(# ,# 1'0(1&*%# %+,%# %+&<# *,"# *+,(&# %+&# ./'0(*&13 %$*(B# $((/&# 9<# $((/&B# ,"2# 1&'3 +,1(# (60E6<# 9/%# (%&,2$6<# ),$"# ,"# &2)&# $"# %+&# 0?&',66# 1/96$*# 2&9,%&=# `&&13*0'&# */6%/',6# 0110($%$0"# %0# 2$($"%&)',%$")# ",%$0",6# (0?&'&$)"%<# E$66# "0%# 9&# 0?&'*04&# %+$(# E,<=# -/%# 1&'+,1(# 1'03./'01&,"# ,2?03 *,%&(#4/(%B#@0'#%+&#%$4&#9&$")B# ($416<# (*,6&# 20E"# %+&$'# ,49$3 %$0"(B# @'04# $"(%$66$")# 1,(($0"# @0'#%+&#$2&060)$*,6#,"2#2$(%,"%# ,9(%',*%# *0"*&1%# 0@# ,# H"$%&2# ;%,%&(# 0@# ./'01&B# %0# 4&'&6<# &F16,$"$")# %0# 1&016&# %+&# ?&'<# UHDO DQG FRQFUHWH EHQHроКWV RI 4&49&'(+$1#$"#%+&#1'&(&"%#.H# *044/"$%<=# 5$)&6# 7,',)&# <&(3 %&'2,<# $",2?&'%&"%6<# &F10(&2# ,# (+$44&'# 0@# +01&# @0'# %+&4=# 50E# $%# $(# /1# %0# ./'01+$6&(# %0# (%&1#/1#%+&#*+,(&=#

7KLV DUWLFOH роКUVW DSSHDUHG RQ %+&# :0"20"# V609,6$(%# ,"2# $(# 1'$"%&2# +&'&# E$%+# %+&$'# C$"2# 1&'4$(($0"=


!"#$%&'()&*"&+'(,-.(,/01

!"#

8

!"#$"%

!"#$#%$

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

&%7:=#( 59( I9?#*( I&$( W:;( '9"( I&*5(59(6&7#(&(@&@'.('9"(6&*%( :*('9"+(+#$:>*&5:9*(&*%(;+##("8( &( S9@( ;9+( &*956#+( '9"*>( <&%'AX( Y"++#*5<'.( :5( :$( BCDE( 89<:='( 59( +#8#&<(8+97:$:9*$(9;(56#(4Z"&<:K 5:#$( V=5( ,/0/.( I6:=6( 8+95#=5$( 8#98<#( ;+9?( %:$=+:?:*&5:9*( &5( I9+H( 9*( 56#( @&$:$( 9;( >#*%#+.( +&=#.(+#<:>:9*.(9+($#["&<(9+:#*K 5&5:9*A( B*$"+8+:$:*><'.( L+A( G&+&>#( I&$( &<$9( &( =+:5:=( 9;( 56#( L&+K +:&>#( \3&?#( 3#[( Y9"8<#$]( V=5( 8&$$#%( <&$5( '#&+.( &*%( +#?&:*$( 56#(9*<'(<#&%#+(9;(&(?&S9+(8&+K 5'(59(9889$#(:5A(^#=#*5<'.(_&7:%( 3:<7#$5#+.( &( BCDE( =9"*=:<9+( :*( N#*<#'.( I+95#( 59( &( *#I$8&8#+( =<&:?:*>( 56&5( 56#( =9"*5+'( I&$( @#$#5(@'($59+?$(@#=&"$#(9;(_&K 7:%(Y&?#+9*(&=5:*>(W&++9>&*5K <'(&>&:*$5(56#(>9$8#<X(:*(@+:*>K :*>( ;9+I&+%( #Z"&<( ?&++:&>#( <#>:$<&5:9*A(L+A(G&+&>#(+#$:$5#%( =&<<$( 59( #[8#<( 6:?( ;+9?( BCDE.(

&*%(6&$(&<+#&%'(8<#%>#%(*95(59( #[8#<(?#?@#+$(I69(=&<<(69?9K $#["&<:5'(J%:$>"$5:*>MA E#+6&8$( ?9$5( I#<<( H*9I*( :$( 56#( 8&+5'M$( $5&*=#( 9*( :??:K >+&5:9*A( !6#( BCDE( <#&%#+( 6&$( =<&:?#%( 56&5( 6#( ?#+#<'( $##H$( &*(98#*(&*%(+&5:9*&<(%#@&5#(9*( 56#( $"@S#=5A( F95I:56$5&*%:*>.( 6#(6&$(=6&+&=5#+:U#%(56#(BCM$( :??:>+&5:9*(89<:='(K(=9*$:$5:*>( 9;(56#(;+##(?97#?#*5(9;(8#98<#( :*( 56#( 4B( &*%( &( 89:*5$K@&$#%( $'$5#?( ;9+( *9*( 4BK?:>+&*5$( `( &$( &*( W98#*( %99+XA( D*=9?K 8+#6#*$:@<'.( L+A( G&+&>#( 6&$( 89+5+&'#%( :??:>+&*5$( @956( &$( I#<;&+#( $=+9"*>#+$( &*%( &$( $&5"+&5:*>( 56#( <&@9"+( ?&+H#5.( SOHGJLQJ D à®&#x160;YH\HDU IUHH]H RQ :??:>+&5:9*A a;(=9"+$#.(&(+&5:9*&<(%#@&5#( 9*( :??:>+&5:9*( 89<:='( :$( :*( *9( I&'( +&=:$5.( @"5( 56#+#( 6&7#( @##*( &( I69<#( 69$5( 9;( =&$#$( 56&5( :*%:=&5#( BCDEM$( I:<<:*>K

QHVVWRà®&#x2039;LUWZLWKWKHIDUULJKW !6:$( :?8<:=&5:9*( $5#?$( ;+9?( ;9+?#+(L4E(+#;#++:*>(59(!6:+%( b9+<%( =9"*5+:#$( &$( WP9*>9( P9*>9( 2&*%.X( 59( &=5:7:$5( C#:56( b99%$(=<&:?:*>(56&5($9?#(8#9K 8<#(&+#(W:*5#*%#%(@'(*&5"+#X(59( @#($<&7#$.((&*%(56#*(59(BCDEM$( ,//R( ?&*:;#$59( 8+989$&<( 56&5( :*=9?:*>( :??:>+&*5$( $69"<%( "*%#+>9( ?#%:=&<( =6#=H$( ;9+( W=9??"*:=&@<#(%:$#&$#$XA( b6#*( L+A( G&+&>#( &++:7#%.( 234( $5"%#*5$( I#+#( +:>65( 59( >:7#( 6:?( &( ;+9$5'( +#=#85:9*A( V<569">6( 6#( I&$( &@<#( 59( %#;5K <'( $:%#K$5#8( Z"#$5:9*$( &@9"5( I9?#*M$( +:>65$.( +#*9"*=:*>( BCDEM$( <&$5( ?&*:;#$59( &*%( +#K ;"$:*>(59(#*>&>#(I:56(&"%:#*=#( ?#?@#+$( 9*( %9?#$5:=( :$$"#$.( 56#(8"@<:=(599H(59(!I:55#+A(b:56( 56#( 6#<8( 9;( V=5:9*( ,/01( `( 56#( =&?8&:>*( 59( $598( BCDE( ;+9?( I:**:*>( 56#( 4"+98#&*( #<#=K 5:9*$(K(c234G&+&>#(I&$(5+#*%K

:*>(&=+9$$(56#(=9"*5+'A(Y9"*5K <#$$( 8#98<#( &$H#%( L+A( G&+&>#( I6'( 6#( I&*5#%( 59( $=+&8( 8&:%( ?&5#+*:5'(<#&7#(&*%(?&H#(:5(<#K >&<( ;9+( #?8<9'#+$( 59( %:$=+:?:K *&5#( &>&:*$5( I9?#*A( _#$8:5#( &$$#+5:*>( 56&5( BCDEM$( 7:#I$( DUHà®&#x160;UPO\URRWHGLQOLEHUDOGHK ?9=+&='.(56#:+(89<:=:#$(%#?9*K $5+&5#( :<<:@#+&<( &*%( +#>+#$$:7#( 5#*%#*=:#$A( b6:<$5( L+A( G&+K &>#M$( I:5( I&$( I#<<( +#=#:7#%( %"+:*>(6:$(&88#&+&*=#(&5(234.( 56#+#(I9"<%(@#(*956:*>(;"**'( &@9"5(&(BCDE(7:=59+'(:*(,/01A F:>#<( G&+&>#( :$( 56#( &=K =#85&@<#( ;&=#( 9;( &*( "*&==#8K 5&@<#( 89<:5:=&<( &>#*%&A( N:$( &;K ;&@<#( 8"@<:=( 8#+$9*&( %:$&+?$( PDQ\RIWKRVHRà®&#x2030;HQGHGE\KLV SRLVRQRXV LQà®&#x2039;XHQFH RQ RXU 89<:5:=$.(&*%(6:$(7:#I$(&+#(#[K &=5<'( 569$#( 56&5( 234( $5"%#*5$( $69"<%(8+9"%<'(=6&<<#*>#A(

$'DQJHURXVO\(OHFWDEOH7HૺRQ.LQJ ,355359(.265(>39"-(?#%#9"(30('#%."%(:'#5(@2=(739':(:'35AB 9)#2%:)'#( !6#(&5?9$86#+#(:*(56#(8&=H#%( a<%( !6#&5+#( ;9+( <&$5( !6"+$K %&'M$( 8"@<:=( <#=5"+#( @'( F:>#<( G&+&>#( I&$( #<#=5+:=.( &*%( &( ="+:9"$( &"%:#*=#( @"UU#%( I:56( #[=:5#?#*5(:*(&*5:=:8&5:9*(9;(&( ?&*( #7#*( 56#( E+:?#( L:*:$5#+( ;#&+$A( !6#+#( I&$( &( 8#+7&%:*>( $#*$#( :*( 56#( +99?( 56&5( 56:$( +&8:%<'( +:$:*>( '#5( =9*5+97#+K $:&<( 89<:5:=:&*( $69"<%( @#( >:7#*( &( ;&:+( 6#&+:*>A( b6&5#7#+( 6#( I&$(>9:*>(59($&'.(I#(H*#I(I#( I9"<%( >#5( 9"+( 5:=H#5M$( I9+56( 9;( #*5#+5&:*?#*5( 56&5( #7#*K :*>A( b#( I#+#( *95( 59( @#( %:$&8K 89:*5#%A( N:$( 5&<H( I&$( 8&+&K %9[:=&<( ;+9?( 56#( 9"5$#5.( &$( 6#( %#<:7#+#%( &*( #?86&5:=( $8##=6( 56&5( =9"*5#+:*5":5:7#<'( #?K 86&$:$#%( 56#( :?89+5&*=#( 9;( 56#( 4B( &*%( 56#( "8=9?:*>( 4"K +98#&*( E&+<:&?#*5( #<#=5:9*$A( F&5"+&<<'.( 6#( I&$( "$:*>( 56#( ;&=5( 56&5( 4B( :*$5:5"5:9*$( &*%( <#>:$<&5:9*( 6&7#( &*( :*=+#&$:*>( :?8&=5( 9*( "$( 59( +#S#=5( 56#( 4B( &$( &( 89<:5:=&<( #*5:5'd( 69I#7#+( 6#(*95:=#&@<'(;&:<#%(59(?#*5:9*( WKH à®&#x2039;LSVLGH RI WKLV DUJXPHQW &*%( %:%*M5( &%%+#$$( 56#( 89K 5#*5:&<<'( 69++#*%9"$( =9$5$( 59( 56#( BC( 9;( <#&7:*>( 56#( 4BA( N#( $##?$( 59( I&*5( &( 4"+98#( 56&5( =998#+&5#$( 9*( #=9*9?:=( ?&5K 5#+$(@"5(8+#=<"%#$(&*'(;9+?(9;( 89<:5:=&<( :*5#>+&5:9*A( B*;9+5"K

*&5#<'(;9+(6:?.(&$(Pe<&(P#<&$$&( 89:*5$(9"5.(9*#(5#*%$(59(;9<<9I( 56#( 956#+A( 47#+( *95:=#%( 69I( $5+&:>65('9"+(=&++95$(&+#(;+9?( 56#( $"8#+?&+H#5f( D*( $69+5.( :;( '9"( I&*5( 59( $5&+5( 5+&%:*>( =&+K +95$(&=+9$$(&(+#>:9*.(;9+(#[&?K

CD"--8('"(.2"05/:( #4:=#--@(02=5.( :'#:(E#.8(#5.('"( 6#0("$"5(F=3:"( %"#025#E-"(#:( :37"0BG 8<#.( '9"( *##%( 59( #*$"+#( 56&5( &<<(9;(56#?(&+#(9;(&*(&%#Z"&5#( $5&*%&+%( ;9+( 56#( 5+&%#( 59( 5&H#( 8<&=#A( 39( '9"( *##%( "*:;9+?( <#>:$<&5:9*( &=+9$$( 56#( 5+&%:*>( 8&+5*#+(=9"*5+:#$A(b69(8&$$#$( 56&5( <#>:$<&5:9*g( >97#+*?#*5$.( =99+%:*&5#%(@'(56#(4BA G&+&>#(=&?#(&=+9$$(&$(+#&K $9*&@<'( ;+:#*%<'.( 7#+'( I:55'.( 6:>6<'( :*5#<<:>#*5( &*%( I#<<K#%K "=&5#%.( I6:<#( +#?&:*:*>( +#$9K <"5#( :*( 6:$( 7:#I$A( V<569">6( &$( 56#( #7#*:*>M$( Y6&:+.( E+9;#$$9+( N:[.( ?#*5:9*#%.( 56#( BC( D*%#K 8#*%#*=#(E&+5'(:$(*9I(;&$5(@#K =9?:*>( 56#( BCM$( ;9"+56( 89<:5:K =&<(8&+5'.(G&+&>#(599H(8&:*$(59( 8+#$#*5(6:?$#<;(&$(&*(9"5$:%#+d( &( ?&*( I69( 6&%( #[8#+:#*=#%(

&( W+#&<( S9@X( &$( 9889$#%( 59( 569$#( =&+##+( 89<:5:=:&*$( :*( 56#( >+#'($":5$A(!9(6:$(=+#%:5(6#(&*K $I#+#%( ?9$5( 9;( 56#( Z"#$5:9*$( %:+#=5<'(&*%(;+&*H<'.($9?#I6&5( &( <"["+'( &?9*>( 59%&'M$( @+##%( 9;( 8"@<:=:5'K8&+&*9:%( 89<:5:K =:&*$A( b6#*( D( 8+#$$#%( 6:?( 59( <&'( 9"5( 6:$( :??:>+&5:9*( 89<:K ='.( I#( <#&+*#%( 56&5( 6#( I&*5$( 59( #?"<&5#( V"$5+&<:&( I:56( :5$( $5+:=5( $H:<<$K@&$#%( 89:*5$( $'$K 5#?A( !6#( 9*<'( Z"#$5:9*( 6#( +#K &<<'( >95( $5"=H( 9*( =9*=#+*#%( I6#56#+( 6#( I9"<%( $"889+5( 3=955:$6( :*%#8#*%#*=#( \:$( 56#( BC( &*( 988+#$$:7#( ;#%#+&5:9*( <:H#( 56#( 4Bf]A( !6:$( ;#&+<#$$K *#$$( 6&$( :5$( 9I*( +#&$9*$g( 6:$( 8&+5'( :$( $"$5&:*#%( @'( 56#( 9['K >#*( 9;( =9*5+97#+$'A( V==9+%:*>( 59( &( +#=#*5( N";;:*>59*( E9$5( &+5:=<#(56#(7&+:9"$(+#=#*5($=&*K %&<$( :*79<7:*>( %:$8&+&5#( ?#?K @#+$( 9;( BCDE( I6:=6( =&"$#%( $"=6(9"5+&>#(\:*=<"%:*>(&(?&*( ZKRFODLPHGWKHUHFHQWà®&#x2039;RRGV I#+#( %:7:*#( I+&56( ;9+( _&7:%( Y&?#+9*M$( <#>:$<&5:9*( 9*( >&'( ?&++:&>#]( @&+#<'( ?97#%( 56#:+( 89<<( +&5:*>$( &5( &<<A( G&+&>#( &*%( KLVSDUW\DUHPDGHRI7Hà®&#x2039;RQD Z"&<:5'(9*<'(+:7&<<#%(#<$#I6#+#( 9*(56#(89<:5:=&<($=#*#(@'(P9+:$( )96*$9*A N#+#( :$( &*956#+( 8&+&%9[g( BCDE( :$( $I:;5<'( =6&*>:*>( 5&=H( &*%( ?97:*>( ;+9?( &*( &*5:K#$K 5&@<:$6?#*5( $:*><#K:$$"#( 8&+5'(

59( &( ?9+#( ?&:*$5+#&?( 9*#( I:56( &( @+9&%#+( $#5( 9;( 89<:=:#$( \?&H:*>(5&[:(%+:7#+$(I#&+("*:K ;9+?( &88&+#*5<'( @#:*>( &?9*>( 56#$#]A( N9I#7#+.( &$( G&+&>#( ?&%#( +#&$9*&@<'( =<#&+.( BCDE( :$( $5:<<( <&+>#<'( &*( "*H*9I*( Z"&*5:5'A(D5$(89<:=:#$($##?(@":<5( &+9"*%( :5$( <#&%#+M$( 8&+5:="<&+( %:$8&+&5#( @#<:#;$A( b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

V(;#I(I##H$(&>9(6#(599H(#7#K +'9*#( @'( $"+8+:$#( I6#*( 6#( &%79=&5#%( <#55:*>( :*( 3'+:&*( +#;">##$A( a*( !6"+$%&'( *:>65( 6#( %#=+:#%( W#[5+#?:$5X( 8&+K 5:#$( <:H#( 56&5( 9;( 2#( E#*( &*%( &( 69$5(9;(P"<>&+:&*(&*%(N"*>&+K :&*( >+9"8$.( %:$5&*=:*>( 6:?K $#<;( &*%( 6:$( 8&+5'( ;+9?( 56#?A( N#( 6&$( $5&+5#%( 59( $I:;5<'( 9"$5( 56#(8<&>"#(9;(W*"55#+$X(I:56:*( 6:$(8&+5'(I69(=&$#(&*'($9+5(9;( ?#%:&($59+?(56+9">6(56#:+(&*K 5:=$A(D5(I&$(*95(6:?($5&*%:*>(&5( T&5I:=H( &:+89+5M$( :??:>+&5:9*( 6&<<( 9*( )&*"&+'( 0$5( 59( :*$8#=5( 56#( ^9?&*:&*( &*%( P"<>&+:&*( à®&#x2039;RRGWKDWQHYHUKDSSHQHGEXW C#:56( O&U( \2&@9"+]( &*%( L&+H( ^#=H<#$$( \Y9*$#+7&5:7#]A( D*( $69+5.(6:$(#'#$(&+#(*95(S"$5($#5( 9*( 56#( ,/01( 4"+98#&*( #<#=K 5:9*$.(@"5(9*(56#(BC(#<#=5:9*$( 9;(,/0R(599A G&+&>#M$( 5&<H( I&$( &?"$:*>( &*%( 569">65K8+979H:*>d( '#5( I6&5( I&$( ?9$5( $5+:H:*>( :*( 6:$( 8&+&%9[:=&<( <#=5"+#( I&$( 56&5( 6#( I&$( &<?9$5( @#>:**:*>( 59( $9"*%(#<#=5&@<#A(D(=&?#(9"5(9;( 56#(56#&5+#(I:56(?'(=9<<#&>"#$( $&':*>( WI#<<( 6#( %9#$*M5( &=5"K &<<'( $9"*%( 56&5( @&%.( &*%( 6#( I&$( #7#*( Z":5#( +#&$9*&@<#( &5( 5:?#$AX(2#5M$(698#(*9K9*#(#<$#( à®&#x160;QGVRXW

VENUE: New Academic Building, LSE, London TIME: Saturday, 8th February 2014 REGISTRATION: www.lsecds.org


!"#

!"#$"%

9

!"#$%&'()&*"&+'(,-.(,/01

!"#$#%$

!"#$%&'(!"&)#(*+(!"&)%&'(,*-.# &#'()#*+,%(-.'(+'(/0"("1+'+234 /$+%#(0**1 3RVW*UDGXDWH2à«»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b U#3( &( B2+#( =*C%#>34( &*&6'C VLV RI WKH à®&#x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à®&#x160;FLW #V>2+3$( &+#( E&=6=*F( 32( 7+=%F#( 34#(F&>(?=34(28#+$#&$(=B>2+3$@( M#$>=3#( E2"+( '#&+$( 2E( 7=3=*F( A2&6=3=2*(&"$3#+=3'.(?#(&+#(72+C +2?=*F(B2+#(B2*#'(34&*(#8#+@( b,QWKHHOHFWRUDWHZLOO 7#(&$I#%(32(>&$$(W"%FB#*3(2*( à®&#x160;YH\HDUVRIWKH&RQVHUYDWLYH 6#%(52&6=3=2*(=*(&(L#*#+&6(T6#5C 3=2*(=*(?4=54(34#(#52*2B'(?=66( 3&I#(5#*3#+($3&F#@(X=34($"54(&( >22+( +#52+%( 2*( %#6=8#+=*F( E2+( 342$#( B#B7#+$( 2E( 34#( >"76=5( 6'=*F(2"3$=%#(2E(34#(4=F4#$3(=*C 52B#( 3&V( 7+&5I#3.( '2"( ?2"6%( 34=*I( 34&3( 823#+$( ?2"6%( 7#( $=*F=*F( Y!4=*F$( A&*( O*6'( L#3( <#33#+D(&66(34#(?&'(32(34#(>266C

=*F( 72234$@( U#3.( "*3=6( +#5#*36'.( Z&72"+( 4&$( 4&%( &( B&W2+( 5+#%C =7=6=3'( 5+=$=$( ?4#*( =3( 5&B#( 32( HFRQRPLF Dà®&#x2030;DLUV EHVHW E\ WKH >#*54&*3(E2+($5&>#F2&3=*F(34#( 6&$3( Z&72"+( F28#+*B#*3( E2+( 2"+( 5"++#*3( #52*2B=5( B&6&=$#( 34&3(4&$(#8268#%(E+2B(&(E##76#( !2+'(4&7=3(=*32(&(*&3=2*&6(>&$C 3=B#@ b :LWK D \HDU DQG D KDOI WR 34#( *#V3( L#*#+&6( T6#53=2*.( &( FKDQJH RI WDFW Rà®&#x2030;HUV D WDQ 3&6=$=*F( F6=BB#+( 2E( 42>#( E2+( WKH /DERXU IDLWKIXO ,Q WKH DX WXPQ RI ODVW \HDU WKH LQHà®&#x2030;HF 3=8#( 76"$3#+=*F( 2E( T%( <&66$( =*( 34#( A4&B7#+( ?&$( $"7$3=3"3#%( 7'( &( %=+#53( &>>#&6( 7'( :=6=C 7&*%(32(34#(Y$["##\#%(B=%%6#D( ]( &*%( =3( ?2+I#%@( :=6=7&*%D$( &33&5I( &F&=*$3( 34#( 7=F( "3=6C =3'( 52B>&*=#$( $3+"5I( &( 542+%( ?=34( &*( #6#532+&3#( ?42( ?#+#( +=F43E"66'( >#+>6#V#%( 28#+( 42?( DERYHLQà®&#x2039;DWLRQSULFHULVHVDQG UHFRUG SURà®&#x160;WV FRXOG EH UHFRQ 5=6#%(?=34(52BB2*(4"B&*(%#C 5#*5'@( X=34( Z&72"+D$( >+2B=$#( 32( E+##\#( #*#+F'( >+=5#$( ">2*( #*3#+=*F( F28#+*B#*3( 3+&*$6&3C =*F(=*32(&($"7$3&*3=&6(=*5+#&$#( =*(>266(+&3=*F$.(34#(N&+3'(6#&%C #+$4=>( 4&$( 3&I#*( 34=$( *23( 2*6'( &$( &( 56#&+( =*%=5&3=2*( 34&3( 34#( #52*2B'( =$( $&E#( F+2"*%( ">2*( ?4=54(=3(5&*(3+#&%(2*5#(B2+#.( 7"3( 34&3( =3( B&'( =*( E&53( >+28#( 32( 7#( 34#( '#662?( 7+=5I( +2&%( 32( P"B7#+(0/@

56./0(#(3"#%( #'7(#(0#89(/+(/0"( '":/(;"'"%#8( <8"1/.+'=(#(10#'>"( +9(/#1/(+99"%?( #(/#'/#8.?.'>( >8.22"%(+9(0+@"( 9+%(/0"()#*+,%( 9#./09,8A b)ROORZLQJRQIURPKLVVXF 5#$$( &3( 34#( Z&72"+( N&+3'( A2*C IHUHQFH ODVW )ULGD\ VDZ 0LOL 7&*%(%#6=8#+(&(I#'*23#($>##54( RQ HFRQRPLF Dà®&#x2030;DLUVKRVWHGLQ

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â&#x20AC;«Ú&#x2018;â&#x20AC;¬Rà®&#x2030;HUHGDQRXW 622I(B2+#(52*8=8=&6(32(=B>+28C =*F( 34#( ?#6E&+#( 2E( '2"+( &8#+C &F#(:2*%#2C%+=8=*F(823#+@( ,QHYLWDEO\ ZKDW DFWXDOO\ %+#?( 34#( 4#&%6=*#$( ?&$( Z&C 72"+D$( B2+#( $#*$&3=2*&6=$3( &$$&"63( 2*( 34#( B&+I#3( $4&+#( 2E( 34#( E2"+( 6&+F#$3( 7&*I$@( OE( 52"+$#.( =3( =$( ["#$3=2*&76#( 2$*-*(3+.1%-4(56%3)+4(7$.(/!8 ZKDW GLà®&#x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à®&#x160;FLW A4"I&( GB"**&.( 34#( *##%( E2+( 6=#$( =*( =*5+#&$#%( F28#+*B#*3( B2+#(52B>#3=3=2*(=*(34#(7&*IC $">>2+3( E2+( 34#( F+2?34( 2E( =*F( $#532+( 5&*( 2*6'( 7#( B#3( 7'( VPDOO DQG PHGLXPVL]HG à®&#x160;UPV 4#&8'C4&*%#%( =*3#+8#*3=2*=$B( ^>&+3=5"6&+6'( #V>2+3#+$_( 426%$( 34&3( B&'( =*%##%( +#$"63( =*( 34#( B"54(5+#%#*5#(&B2*F$3(#52*C 52$36'( 62$$( 2E( Z2*%2*D$( #*8=C 2B=$3$( C( 34#( 0@Q( 3+=66=2*( >2"*%( &76#( >2$=3=2*( &$( 34#( >+#B=#+( ["#$3=2*( =$( ?4#34#+( 2+( *23( à®&#x160;QDQFH FDSLWDO RI WKH JOREDO Z&72"+( 5&*( &+3=5"6&3#( 34=$( $2C #52*2B'@(9=%%#*(&B2*F$3(34#( 6"3=2*( 32( 34#( #6#532+&3#( =*( 34#( SRSXOLVW FKDà®&#x2030; KRZHYHU OLHV B2*34$( 32( 52B#@( !4#( 8#4=56#( 34#(F+&=*$(2E(?4&3(B&'(F+2?(32( E2+( 34=$( %#7&3#( B&'( =*%##%( 7#(&($3+2*F($3+&3#F'(E2+(F+2?34( >+28#(32(7#(Y7&*I#+(7&$4=*FD(C( 34&3( 5&*( &>>#&6( 32( &*( #6#532+C 7'(52*8#'=*F(34&3(34#(Y7=F(E2"+D( &3#( ?42( ?=66( =*8&+=&76'( ["#$C 4&8#($&3(2*(>=6#$(2E(54#&>(3&VC 3=2*(34#(*##%(E2+(B2+#(7&*I$@ >&'#+CE"*%#%(5+#%=3(&*%(E&=6#%( ,QDQXQGHUVWDWHGQRGJLYHQ 32(6#*%.('2"(4&8#(&(>#+$"&$=8#(

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à®&#x2030;HU DQ\WKLQJ B2+#( =B&F=*&3=8#( 34&*( YB2+#( 2E(34#($&B#D(?4#*(=3(52B#$(32( 34#( #52*2B'@( !4=$( #6#53=2*( =$( E&+(E+2B(?2*.(7"3(2*(#52*2B=5( B&33#+$( =3D$( 5"++#*36'( &( 2*#C 42+$#C+&5#`&*%( 34&3( 42+$#( =$( ?#&+=*F(&(+#%(+2$#33#@


@>.)8&7$1&0>&57$g`,$gaHh

!"#

10

!"#$"%

!"#$#%$

!"#$%&'!())"'!"#$'*'+',$##$%'#('#-$'./0#(% K.&5$E8*%25, Q)$ "$ <&)$ /2*0/$ &-2>%$ 97$ %7:*;&'$8&7$2#$)%5.))*0/$&-2>%$ .))&7)$ &08$ &%%.08*0/$ %2$ &0$ 20)'&>/3%$2#$9..%*0/),$"$3&:6 :.0.8$ %2$ )%>9-'.$ >:20$ %3.$ 92)%$ 5.;.0%$ .8*%*20$ 2#$ @3.$ L.&=.5$ <3*;3$ 3&8$ %3.$ 3.&86 '*0.$ !bB&>;7/&%.$ c$ _BEBA+$ :529*0.0%'7$ ):'&)3.8$ &;52))$ %3.$#520%$:&/.?$$@3*)$3&8$%3.$ .##.;%$ 2#$ :528>;*0/$ &$ '22($ 2#$ 325525$&08$8*)/>)%$20$97$#&;.$ %3&%$;&0$20'7$-.$;29:&5.8$%2$ /&Y*0/$&%$)29.$%.55*-'.$9206 )%.5$ #529$ 20.$ 2#$ N?R?$ _2=.6 ;5&#%C)$ )%25*.)?$ $ @3.$ )2>5;.$ 2#$97$325525$&08$8*)/>)%$<&)$ 02%$ 8>.$ %2$ %3.$ &;%>&'$ .=.0%,$ <3*;3$ %3.$ &5%*;'.$ 8.);5*-.),$ 025$#529$ %3.$ >).$ 2#$ 3&)3%&/,$ <3*;3$ *)$ &0$ &-29*0&%*20$

*0$ *%)$ 2<0$ 5*/3%?$ $ O&%3.5,$ *%$ ;&9.$#529$%3.$>).$2#$%3.$)>#6 #*G$ !6/&%.+$ %2$ 8.);5*-.$ )29.$ )25%$2#$);&08&'?$$Q0720.$<32$ 3&)$ )..0$ 97$ F&;.-22($ :2)%)$ 5.;.0%'7$ 3&)$ '*(.'7$ 02%*;.8$ %3&%$"$3&=.$.9-&5(.8$>:20$&$ 20.69&0$;5>)&8.$&/&*0)%$%3*)$ &-.55&%*20,$#2''2<*0/$%3.$9.6 8*&C)$ >).$ 2#$ !-5*8/./&%.+$ %2$ 8.);5*-.$ %3.$ 5.;.0%$ );&08&'$ )>552>08*0/$M.<$1.5).7$/2=6 .5025$ d35*)$ d35*)%*.$ &08$ 3*)$ &89*0*)%5&%*20?$$ @3.$5.&)20$#25$97$*0%.0).$ '2&%3*0/$ 2#$ %3*)$ ;29.)$ #529$ %3.$ 2=.56)&%>5&%*20$ 2#$ %3.$ 9.8*&$ <*%3$ %3*)$ %.59,$ <3*;3$ 3&:3&Y&58'7$ %352<)$ %3*)$ )>#6 #*G$&%$%3.$.08$2#$&07$);&08&',$ 02$9&%%.5$32<$-*/$25$)9&''$*%$ *)?$$@3*)$3&)$'.8$%2$;2>0%'.))$ !6/&%.)+,$)2$9&07$*0$#&;%$%3&%$

%3.5.$ *)$ &0$ .0%*5.$ :&/.$ 20$ D*(*:.8*&$8.8*;&%.8$)2'.'7$%2$ '*)%*0/$ %3.9$ &'',$ &08$ *0;'>8.$ .=.57%3*0/$ #529$ d&-'./&%.,$ %2$P20*;&/&%.,$%2$P&5;2$O>6 -*2C)$ D&%.56-2%%'./&%.$ U&'6 %32>/3$ 97$ :.5)20&'$ #&=25*%.$ *)$ K*;(6d3.0.76)32%6&6/>76 *06%3.6#&;.6/&%.,$ ;2*0.8$ -7$ 120$B%.<&5%V?$$ "$ #*08$ %3*)$ 2=.56)&%>5&%*20$ &-)>58$ -.;&>).$ -7$ &88*0/$ !6/&%.+$%2$%3.$.08$2#$&$);&08&'$ 20.$ *)$ *9:'*;*%'7$ ;29:&5*0/$ %3&%$ );&08&'$ %2$ %3.$ 25*/*0&'$ !6/&%.+,$ D&%.5/&%.?$ $ D&%.56 /&%.$ <&)$ &$ 9&))*=.$ :2'*%*;&'$ );&08&'$%3&%$)322($Q9.5*;&0$ :2'*%*;)$ %2$ *%)$ =.57$ ;25.$ &08$ .=.0%>&''7$ #25;.8$ R5.)*8.0%$ M*G20$%2$5.)*/0e$P&5;2$O>-*2$ &<(<&58'7$ 85*0(*0/$ <&%.5$ 8>5*0/$3*)$B%&%.$2#$%3.$A0*20$

5.):20).$25$%3.$#*5.$&'&59$/26 *0/$ 2##$ 8>5*0/$ B&>;7$ F5*8&7)$ *)$ 3&58'7$ 2#$ %3.$ )&9.$ 9&/0*6 %>8.$ &)$ %3.$ R5.)*8.0%$ 2#$ %3.$ A0*%.8$ B%&%.)$ >)*0/$ %3.$ d"Q$ %2$ ):7$ 20$ 829.)%*;$ :2'*%*;&'$ 2::20.0%)$ U<3*;3$ #25$ %32).$ 2#$72>$<32$820C%$(02<$%3.$AB$ :2'*%*;&'$ )7)%.9$ <.'',$ -&)*6 ;&''7$/2.)$&/&*0)%$.=.57%3*0/$ %3.$ d20)%*%>%*20,$ '.%$ &'20.$ %3.$d"QC)$2<0$;3&5%.5,$)%&08)$ #25V?$ ^.57$ #.<$ );&08&')$ <*''$ .=.5$ 9.5*%$ %3.$ %5>.$ ;29:&5*6 )20$ %2$ D&%.5/&%.,$ <3*;3$ *)$ <37$%3.$9.8*&C)$;20)%&0%$>).$ 2#$!6/&%.+$*55*%&%.)$9.$&)$*%$*)$ &0$ .G;.''.0%$ .G&9:'.$ 2#$ 32<$ %3.$9.8*&$%5*.)$%2$).0)&%*206 &'*Y.$ )%25*.),$ -7$ )>//.)%*0/$ %3&%$ %3.7$ &5.$ &)$ ).5*2>)$ &)$ %3.$D&%.5/&%.$);&08&'$<&)?$ "$ >08.5)%&08$ 32<.=.5,$

%3&%$ 9&07$ 2#$ 72>$ %3*0($ %3&%$ "$ &9$ )*9:'7$ -.*0/$ 5*8*;>'2>)$ &08f25$ &$ (*''[27,$ ->%$ )*9:'7$ :>%,$ 7.)$ "$ &9$ %3.$ />7$ <32$ <*''$/2$20$&$%*5&8.$&-2>%$%3*)$ &-)>58*%7?$ Q08$ 7.),$ "$ 3&=.$ 02%3*0/$ -.%%.5$ %2$ 82$ %3&0$ ;29:'&*0$&-2>%$*%?$R&5%$2#$9.$ #.&5)$%3*)$<*''$-.$:5*0%.8$>06 8.5$%3.$%*%'.$!X&%.6/&%.?+$$Z.%$ "$ )%*''$ #..'$ %3&%$ *%$ *)$ %*9.$ %2$ 5.%*5.$%3.$)>##*G$!6/&%.+$>0%*'$ &$ );&08&'$ 2#$ %3.$ 9&/0*%>8.$ 2#$ D&%.5/&%.$ &/&*0$ .9.5/6 .),$ >0%*'$ %3.0$ %32>/3$ "$ %3*0($ 3258.)$2#$85>0($)%>8.0%)$-.6 *0/$ #25;.8$ %2$ <&*%$ 2>%)*8.$ ;&0$ )*9:'7$ -.$ 5.#.55.8$ %2$ &)$ &$)%&08&58$F5*8&7$0*/3%?$$$$$$$$ Z2>5)$)*0;.5.'7, X5./257$4*)%$

+,,'<",5'")/'>('<")?,$/'<")?( 5H૾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â&#x20AC;« Ú&#x2018;â&#x20AC;¬VSHFLà®&#x160;FDOO\ KLV XQL6 '&%.5&'$ <*%385&<&'$ #529$ X&Y&,$

)..9)$ %2$ 3&=.$ -..0$ 8*5.;%.8$ %26 <&58)$ M.%&07&3>,$ <*%3$ ;299.0%&6 %25)$7.%$&/&*0$9&(6 LQJ RYHUVLPSOLà®&#x160;HG :&5&''.')$ -.%<..0$ B3&520$ &08$ ")6 5&.'C)$ )%&5%'*0/'7$ 972:*;$R5*9.$P*06 *)%.5?$ Z.),$ B3&520$ <&)$ &$ #&92>)'7$ 3&<(*)3$ )>::25%.5$ 2#$ ).%%'.9.0%)$ *0$ %3.$ S;;>:*.8$ @.56 5*%25*.)$ 2#$ X&Y&$ &08$%3.$D.)%$L&0(,$ [>)%$ &)$ M.%&07&3>$ *)?$ Q08$ 7.),$ -2%3$ 9.0$ &5.$ )..0$ &)$ %*%&0)$ *0$ %3.*5$ 2<0$ à®&#x160;HOGV6KDURQZDV 1-(#('2%$/0#3'4,025%3'6787'.9:"&&;'<$,'+=0= 20.$2#$%3.$92)%$8.;26 &%%.08&0%$ %.9:%&%*20$ %2$ =*.<$ UDWHGDQGFRQWURYHUVLDOà®&#x160;JXUHV .=.0%)$ %352>/3$ %3&%$ :5*)9?$ "0$ *0$ ")5&.'*$ 9*'*%&57$ 3*)%257,$ &08$ 3*)$2-*%>&57$*0$@3.$@*9.),$P*6 M.%&07&3>$3&)$-..0$&$:2'*%*;&'$ ;3&.'$ L*0720$ ;*%.8$ B3&520C)$ 3.&=7<.*/3%$ )*0;.$ 3*)$ =*;%257$ :2)%*0/$ &)$ %3.$ M&%*20&'$ "0#5&6 LQ WKH à®&#x160;UVW HOHFWLRQ DIWHU WKH )%5>;%>5.$ P*0*)%.5$ *0$ HIIJ$ &)$ HII\$ &))&))*0&%*20$ 2#$ Z*%Y3&($ %3.$ -./*00*0/$ 2#$ 3*)$ )2#%.0*0/$ O&-*0$U&02%3.5$")5&.'*$RP$<*%3$ 6$ !B3&520$ #2>08$ 3*9).'#$ 3&=6 &$ '20/$ 9*'*%&57$ 3*)%257$ <32$ *0/$ %2$ 8.&'$ <*%3$ R&'.)%*0*&0)$ ;&9.$ ;'2).$ %2$ '&)%*0/$ :.&;.V?$ &;52))$%3.$%&-'.$&08$02%$&%$%3.$ %XW WKHUH DUH VLJQLà®&#x160;FDQW GLI6 RWKHUHQGRIDULà®&#x2039;Hâ&#x20AC;«Ú&#x2022;â&#x20AC;¬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à®&#x2030;HUHQW WR 1HWDQ\DKXâ&#x20AC;«Ú&#x2018;â&#x20AC;¬V B3&520C)$ 3&<(*)30.))$ T>*%.$ F25$ B3&520,$ *0$ &$ %*9.$ <3.5.$ :2))*-'7$ 85.<$ *%)$ 522%)$ #529$ &$ %3.$ ")5&.'*$ _.#%$ <.5.$ )%*''$ *06 '20/$ 9*'*%&57$ ;&5..5,$ &08$ %3.$ à®&#x2039;XHQWLDO RQO\ WKH ULJKW FRXOG

9&(.$ %3.$ ;20;.))*20)$ 0.;.)6 )&57$ #25$ :.&;.$ <*%32>%$ -.*0/$ SROLWLFDOO\ RXWà®&#x2039;DQNHG 7KHUH ZHUH à®&#x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

S0$ %3*)$ *))>.,$ %3.$ )3..5$ );&'.$2#$&$:.&;.$8.&'$<*%3$%3.$ R&'.)%*0*&0)$ *0$ %3.$ D.)%$ L&0($ <2>'8$9&(.$*%$>0:5.;.8.0%.8?$ B3&520C)$ .G:>')*20$ 2#$ 52>/3'7$ `,aaa$ 1.<*)3$ ).%%'.5)$ #529$ X&Y&$ ):'*%$ ")5&.'*$ )2;*.%7$ &08$ <&)$ 3*/3'7$ ;20%52=.5)*&'?$ "%$ *)$ 02%$ )>5:5*)*0/,$ %3.0,$ %3&%$ *0$ 3*)$ ):..;3$ %3*)$ <..(,$ M.%&06 7&3>$ &002>0;.8$ 3*)$ *0%.0%*20$ %2$ 02%$ >:522%$ &$ )*0/'.$ ")5&.'*$ #529$ %3.$ D.)%$ L&0(?$ @2$ 92=.$ &07$ 2#$ %3.$ &::52G*9&%.'7$ \aa,aaa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


!"#

!"#$"%

11

!"#$%&'()&*"&+'(,-.(,/01

!"#$#%$

:5+';+*%6,)6<'%='4,%.+$.#&> 7KHSHRSOHRI7KDLODQGKDYHWDNHQWRWKHVWUHHWWR૽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

;@/%*A%5-4/4)"B* 4'"*1(7"%)95(>* 2%5(.52)"*/6* 7":/.%#.9*5-* 6%""7/:C? !7#+#:6+#.( 3:( 8#( &$$">#( 57#( [+##9( ?73<6$6?7#+( $5&*%$( ;6++#;5.(57#(!7&3(F#<35#H($76"<%( E#( $;+"53*3$#%( 83576"5( 57#>( 73%3*4( E#73*%( 57#3+( 57#6+#53@ ;&<( <#4353>&;'C( !7#( &3>( 6:( 57#( ;6*5+6B#+$3&<( &>*#$5'( E3<<.( +#<#&$3*4( #R@\+3>#( ]3*3$5#+( !7&9$3*( V73*&8&5+&( :+6>( 73$( ,@'#&+( ?+3$6*( $#*5#*;#.( %6#$( *65($#+B#(57#(;6"*5+'H$(*##%$.( E"5(57#(?+#B36"$(<#&%#+H$C(\#6@

?<#( 6:( <68#+( $6;36#;6*6>3;( ;<&$$( $76"<%( E#( #*;6"+&4#%( 56( 46( &4&3*$5( 57#3+( +"<#+$( 3:( 57#'( :##<( 57#'( &+#( *65( E#3*4( &%#J"&5#<'( +#?+#$#*5#%C( !7#( 3%#&( 6:( %#>6;+&;'.( #B#+( $3*;#( 57#( ^57( ;#*5"+'( TA( 3*( N57@ #*$.( %#*65#%( &( ?6<353;&<( $'$@ 5#>( 87#+#( &<<( ;353_#*$( 8#+#( %3+#;5<'( 3*B6<B#%( 3*( %#;3$36*( >&93*4C( WB#*( <3*4"3$53;&<<'( F%#>6;+&;'H( $5&*%$( :6+( X+"<#( 6:(57#(?#6?<#Y.(&*%(3$(>&%#("?( 6:( 57#( 86+%$( %`>6$( a?#6?<#b( &*%(9+&56$(a+"<#c?68#+bC A#*5"+3#$( &:5#+.( 57#( 3%#&( 7&$(#B6<B#%(&*%(7&$(&<$6(E##*( 3*;+#&$3*4<'( %3$56+5#%C( Z6+( >&55#+$( 6:( ?+&;53;&<35'.( #:@ :3;3#*;'( &*%( J"3;9( %#;3$36*@ >&93*4.(57#(3%#&(6:(&(;6<<#;53B#( %#;3$36*@>&93*4(E'(&<<(;353_#*$( 7&$( E##*( &E&*%6*#%C( WR;#?5( :6+( +#:#+#*%">$.( 873;7( 5#*%( 56( +#$#>E<#( 57#( 8&'( %#>6;@ +&;'(8&$(;&++3#%(6"5(6+343*&<<'( 3*( N57#*$.( 57#( 4#*#+&<( +"<#( 3$( 57&5( ?#6?<#( &+#( +#?+#$#*5#%( E'( #<#;5#%( ?6<353;3&*$C( d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

45%.%'6,+1#.7'-#8#*+1#)

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e(&*%(57#( !7&3( ;3B3<3&*$( +#:"$#%( 56( E#( 34*6+#%C( !73$( +#$#>E<#$( 57#( $35"&536*( 3*( W4'?5( <&$5( '#&+(

87#*( ?#6?<#( ?3<#%( 3*56( 57#( $5+##5$( 6??6$3*4( ?&$$36*&5#<'( ]67&>>#%( ]6+$3H$( ;6*$6<3@ %&536*( ?68#+( &*%( 73$( 83$7( 56( ;+#&5#( &( 57#6;+&53;( $5&5#C( 23%( 576$#( ?#6?<#( 6??6$#( %#>6;@ +&;'S(=(86"<%(&+4"#(57#'(8#+#( #R&$?#+&5#%( 8357( 57#( +"<#+H$( 46B#+*&*;#e( &*%( $6( &+#( 57#( ?+65#$5#+$(3*(!7&3<&*%C( Q73<#( 57#( ?+65#$5$( 3*5#*$3@ :3#%(&*%(57#(?+65#$5#+$(:6"475( &4&3*$5(&*(3<<#4353>&5#(46B#+*@ >#*5.( 57#( ;"++#*5( \+3>#( ]3*@ 3$5#+(K3*4<";9(3$(%3$$6<B3*4(57#( \&+<3&>#*5( &*%( ?<&**3*4( *#8( #<#;536*$C( !73$( ;&*( 6*<'( E#( 3*5#+?+#5#%( &$( &( $34*( 6:( 768( "*;6*;#+*#%( 57#'( &+#( 6:( ?#6@ ?<#H$( %3$;6*5#*5C( =*( +#$?6*$#.(

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f( E"5( %#>6;+&;'(;#+5&3*<'(%6#$(*65C(

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

E#( :&>3<3&+( 8357( 57#( ?+#>3$#( E"5( :6+( 576$#( 876( &+#( *65.( <#5( >#( #<&E6+&5#C( !7#( $768( +#B6<B#$( &+6"*%( &( 4+6"?( 6:( ?#6?<#( I( 57#( F"*%&5#&E<#$H( I( 876( 7&B#( $6>#( $6+5( 6:( %3$@ &E3<35'C( !7#$#( %3$&E3<353#$( 3*@ ;<"%#( ?&+&?<#43&.( B&+'3*4( :6+>$( 6:( 268*H$( $'*%+6>#.( 4#*#53;( ?7'$3;&<( %3$56+536*$.( !6"+#55#H$.( &"53$>.( &>6*4$5(

;<'5-*-'/=*2)#9-* 5(4/*-/*:1.'*4'#4* 5-*=%/(>*=54'*/1%* 17"%-4#(75(>*/6* -/.5"49? B&+36"$( 657#+$C( =*( &( B6'#"+@ 3$53;(&??+6&;7(57&5(+&3$#$(57#( J"#$536*( &$( 56( 87'( ?#6?<#(

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


!"#$#%$

!"#$%&'()&*"&+'(,-.(,/01

!"#

12

!"#$"%


!"#$%#&'#($)*+))+,-).

!"#$%

Artwork: Ahsan Iftikhar, LSE SU Visual Arts Society


!"

!"#$%#!$%&'()*+,

!"#$%

Classical? Popular? Why the split in the definition of music?

&

SOH +DQGHOтАл┌СтАмV тАл*┌РтАмXLOR &HVDUHтАл┌СтАм   7KHVH RFFDVLRQV ZHUH VRFLDOHYHQWVGHVLJQHGVSHFLроК! FDOO\ IRU WKH OHLVXUHG FODVVHV IRU QHWZRUNLQJ DQG VKRZLQJ RроЙWKHLUQHZIURFNVZKLOHDF! FRUGLQJ WR RQH MRXUQDOLVW WKH тАл┌РтАмWKH KLJK SULFH ZDV >GHOLE! HUDWHO\@ GHVLJQHG WR SXW RроЙ ERXUJHRLVLHтАл┌СтАм ,QFRQWUDVWWKHVWUHHWVRI/RQ! GRQ ZHUH IXOO RI WKH VRXQG RI IRON EDOODGV DQG UXGH VRQJV

EHJDQ ,Q WKH &ODVVLFDO VFHQH RI WKH V WKH 0XVLF 8Q! LRQ FDOOHG IRU VLOHQFH LQ DOO SHUIRUPDQFHV *RQH ZHUH WKH GD\VRIWDONLQJDQGHDWLQJGXU! LQJWKHSHUIRUPDQFHQRZWKH PDLQ SXUSRVH ZDV WR UHYHO LQ WKHSHUIRUPHUV WHFKQLFDODELO! LW\DQ\VOLJKWFRXJKRUVTXHDN ZDV JUHHWHG ZLWK FRQWHPSW &RQYHUVHO\ SRSXODU PXVLF VXFK DV *LOEHUW DQG 6XOOLYDQ ZKLFKDFKLHYHGJUHDWHUSURP! LQHQFHZLWKWKHJURZWKRIWKH

PXVLF OHG WR D QHZ IXVLRQ RI VW\OHV VXFK DV -D]] %OXHV 5RFN Q 5ROO ZKLOH WKH ULVH RI WKH UHFRUG DQG UDGLR OHG D JURZLQJ DELOLW\ WR DSSUHFLDWH WKLV PXVLF 3RSXODU PXVLF LV QRW D PRGHUQ WUHQG DQG SHR! SOH KDYH DOZD\V OLVWHQHG WR LWLWLVтАл┌РтАмSRSXODUтАл┌СтАмDIWHUDOO7KH FKDQJH LV LQ LWV YLVLELOLW\ DQG FXOWXUDOSURPLQHQFH :KDWRIWKHFRQWHPSRUDU\VSOLW EHWZHHQ SRSXODU DQG FODVVL!

3KRWR-DPHV5KRGHVk'DYH%URZQ

DVW WHUP LQ WKH роКUVW RI D VHULHV RI IRXU OHFWXUHV WR WKH PXVLF VRFLHW\ 3UR! IHVVRU 6LPRQ 0F9HLJK JDYHDWDONRQтАл┌РтАм7KH2ULJLQVRI WKH &ODVVLFDO3RSXODU 0XVLF 6FKLVPтАл' ┌СтАмLVSHOOLQJ WKH P\WK WKDW WKH VSOLW LV HVVHQWLDOO\ D WK FHQWXU\ SKHQRPHQRQ 0F9HLJK DUJXHG WKDW WKHUH KDV EHHQ D QRWDEOH GLYLGH EH! WZHHQ FODVVLFDO тАл┌РтАмUHроКQHGтАл ┌СтАмPX! VLFDQGSRSXODUHQWHUWDLQPHQW JRLQJEDFNKXQGUHGVRI\HDUV

LQJ WKH EHVW PRVW KXPPDEOH WXQHV RXW RI FRQWH[W DQG H[! SRUWLQJWKHPWRDPXFKZLGHU DXGLHQFH :KLOH VRPH FODVVLFDO SXULVWV IHHO WKLV VRUW RI FRPPHUFLDOL! VDWLRQ YLRODWHV WKH VDQFWLW\ RI WKHLU DUW RWKHU PXVLFLDQV DUJXH WKLV LV ZHOFRPH 3LD! QLVW -DPHV 5KRGHV FODLPV KLV LQWHQWLRQ LV WR SHUIRUP тАл┌ФтАмFRUH FODVVLFDO PXVLFтАл ┌ХтАмEXW ZLWKRXW DQ\RIWKHтАл┌ФтАмVWXFNXSWKHDUVHтАл┌ХтАм DWWLWXGH WKDW FRPHV ZLWK LW тАл┌ФтАм,W PD\ QRW EH WKH EHVW UHQ! GLWLRQ RI WKH SLHFH \RX OO HYHU KHDU EXW LW PD\ EH WKH роКUVWтАл┌ХтАм 3UHVHQWLQJ &ODVVLFDO PXVLF LQ D SRSXODU ZD\ FRXOG LQVSLUH PRUH SHRSOH WR H[SORUH WKH JHQUH /LNH ZLWK ZLQH \RX VWDUW ZLWK WKH VZHHW VWXроЙ EH! IRUH PRYLQJ RQ WR WKH VXEWOHU роЛDYRXUV $QRWKHUGHYHORSPHQWLVIRXQG LQ DUWLVWV DWWHPSWLQJ WR IXVH FODVVLFDO DQG SRSXODU WUDGL! WLRQV WRJHWKHU LQ WKHLU FRP! SRVLWLRQV 2QH H[DPSOH RQ WKHSRSXODUVLGHLV(VSHUDQ]D 6SDOGLQJLQKHUDOEXP &KDP! EHU 0XVLF 6RFLHW\   6SDOGLQJ XVHV D VWULQJ TXDUWHW DORQJ! VLGHDSLDQRDQGGUXPNLWFUH! DWLQJ D VWDUWOLQJ EOHQG &RQ! YHUVHO\ RQ WKH FODVVLFDO VLGH FKRUDOFRPSRVHUVVXFKDV&DUO 5XWWL LQ KLV SLHFH 'DQFLQJ 'D\  KDYH XVHG V\QFRSDWHG EHDWV DQG GLVVRQDQW FKRUGV LPSRUWHGIURPMD]]DQGEOXHV 6R ZK\ WKH VSOLW LQ WKH GHроК! QLWLRQRIPXVLFLQWKH:HVWHUQ ZRUOG" ,Q WKH WK DQG WK &HQWXULHV WKLV ZDV ODUJHO\ D FODVV LVVXH WKH ULFK OLVWHQHG WRUHроКQHGFODVVLFDOPXVLFDQG WKHSRRULQGXOJHGLQ SRS FXO! WXUH )URP WKLV ZH JHW WKH FRQWHPSRUDU\ SUHMXGLFH WKDW FODVVLFDO PXVLF LV VRPHKRZ IRU WKH HOLWHV  %XW HYLGHQWO\ WKLV LV QRW WUXH MXVW ORRN DW WKH %ROLYLDQ <RXWK 2UFKHVWUD WRVHHKRZFODVVLFDOPXVLFFDQ UHDFKRXWWRWKHSRRU

,Q WK &HQWXU\ (QJODQG IRU LQVWDQFH WKHUH LV D FOHDU SDU! WLWLRQ EHWZHHQ JDXG\ EDOODGV RQWKHVWUHHWDQGWKHPXVLFRI WKH HOLWHV $WWHQGLQJ D FODVVL! FDO PXVLF FRQFHUW ZDV D VLJQ RIVWDWXVDQGFXOWXUH7KHPX! VLFZDVFRPSOH[SHUIRUPHGLQ IRUHLJQ ODQJXDJHV DQG RIWHQ WLHG XS ZLWK WKHPHV RI FODV! VLFDO UHYLYDO DQG WKH JORU\ RI DQWLTXLW\ ZKLFK SHUPHDWHG XSSHUFODVVVRFLHW\IRUH[DP!

DERXW HYHU\GD\ OLIH IXOO RI LQQXHQGRV DQG LQWULJXH 7KH тАл┌РтАм%HJJDUV 2SHUDтАл ┌СтАмD SRSXODU GUDPD DW WKH WLPH LOOXVWUDWHV WKH YDVW ULIW EHWZHHQ FRDUVH VWUHHW FXOWXUH DQG PDQQHUHG ,WDOLDQPXVLF +RZHYHU ZKLOH WKH GLYLVLRQ H[LVWHG LW ZDV QRW XQWLO WKH PLGWK &HQWXU\ WKDW WKH VHOIFRQVFLRXV SURMHFWLRQ RI PXVLF DV HLWKHU VHULRXV FODV! VLFDO RU SRSXODU FRPPHUFLDO

PXVLF KDOO HQFRXUDJHG SDU! WLFLSDWLRQ DQG WKH IRFXVHG RQ DXGLHQFHH[SHULHQFH 7KLVFKDQJHKDVEHFRPHHYHQ PRUHGHроКQHGLQWKHWK&HQ! WXU\ $V FODVVLFDO PXVLF EH! FDPH PRUH H[SHULPHQWDO DQG DWRQDO WKH SRSXODU VFHQH XVLQJ VLPSOHU WXQHV DQG KDU! PRQLHV EHQHроКWHG IURP WHFK! QRORJLFDO DQG VRFLRORJLFDO FKDQJHV )UHH WLPH WKH ULVH RI \RXWK FXOWXUH DQG HWKQLF

FDO PXVLF" 2QH GHYHORSPHQW LQ WKH FODVVLFDO UHDOP LV WKH LQFUHDVLQJ SUHYDOHQFH RI PX! VLFLDQV DWWHPSWLQJ WR SUHVHQW SRSXOLVW YHUVLRQV RI FODVVLFDO PXVLF3DYRURWWL VUHQGLWLRQRI

1HVVXQ 'RUPD  ZDV XVHG DV WKH WKHPH IRU WKH  ),)$ :RUOG&XSLQ,WDO\DQGVXEVH! TXHQWO\ UHDFKHG QXPEHU  LQ WKH 8. FKDUWV 6LPLODUO\ $Q! GUHD%RFHOOLPDNHVKLVFDUHHU RXWRIVLQJLQJKLJKOLJKWVIURP RSHUDV 7KH IRFXV LV RQ WDN!

7RGD\ WKH VSOLW LV DERXW IXQF! WLRQWKHWZRVSKHUHVRроЙHUGLI! IHUHQW PRGHOV RI PXVLF PDN! LQJ 7KH FODVVLFDO WUDGLWLRQ VWUHVVLQJ WHFKQLFDO SURZHVV DQGDELOLW\WRIDLWKIXOO\UHSUR! GXFH FRPSRVHUV ZRUNV 7KH SRS FXOWXUH IRFXVLQJ RQ QHZ PXVLF DQG H[SUHVVLQJ RQH! VHOIWKURXJKRQHVRZQXQLTXH VRXQG '20,1,&7,*+(

4/1'50(3$'+1$/&0'(/!0 4/1'5

2/#)$+*

2$&!

$OH[DQGHU)\IH -DQLH7DQ

-RGLH0RPRGX

.RNR2ZXVX

7,.!+*!$"+",-".%&'/&"0#%012

5,3$/%&*!$"+",-".%&'/&"0#%012

роКOP#WKHEHDYHURQOLQHFRXN

2++3

&$'(1/'"1(

!"#$%

'(%)*+&+,-

')(/'1(

.$#"/&0/1'#

1HUDM7KDQJDUDMDK 'RURWK\:RQJ

-HQQLIHU5XWKHU

7RP%DUQHV

*LOOLDQ&D├АHUR 0LFKDHO*DOOR

0LFKHOOH:DUELV

-DGH-DFNPDQ 0DU\DP$NUDP

5%%6*!$"+",-".%&'/&"0#%012

'/!".,!1."*!$"+",-".%&'/&"0#%012

413/#*!$"+",-".%&'/&"0#%012

!"#$%&%'%()*!$"+",-".%&'/&"0#%012

!$",!."*!$"+",-".%&'/&"0#%012

-/31,',.!3*!$"+",-".%&'/&"0#%012


!"

!"#$%#&'#($)*+,-+),-.

*

#$!'):)&)3(04"(2#(1%)3("!$"#$!> '):)&)3(04"O&(*'4F,"9/:"L/:%"/$(" D â&#x20AC;«Ú&#x201D;â&#x20AC;¬FRPPXQLW\ UHVRXUFHâ&#x20AC;« Ú&#x2022;â&#x20AC;¬Rà®&#x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à®&#x160;UVW VRODU '!<%("&!"#$!-<*("&?)*("/%"5<*'" (1($.4"/%")&"*!1%<5(%W"&'("-).> )&/0" )1&($/*&)3(" <$:/1" ./$-(1W" DQGWKHà®&#x2039;\LQJKH[DFRSWHU7KH 1(&?!$MF%" +/*)0)&)(%" '/3(" /0%!" #$!3(1" (2&$(5(04" <%(+<0" +!$" #(!#0(")1"1((-"!+"&/)0!$(-"#$!->

<*&%" %<*'" /%" #$!%&'(&)*" 0)5:%" !$" %#(*)/0" +<$1)&<$(" @(00!" X)/> 1)%&" 9$/1*(%" Y/$)(" R&&)" )1" '($" *<%&!5" 5/-(" 9/:" L/:" @(00!" @'/)$= " 3URIHVVRU *HUVKHQVà®&#x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à®&#x160;OOWKHLUZRUOGVZLWKPHDQLQJ> +<0"!:J(*&%= ZELLEB7"@B9ET;[

\*!#4$).'&]"843)M"8(%).1^

\*!#4$).'&]"843)M"8(%).1^

!" #$!%&'(&)*" +((&," -).)&/0" ./$-(1%" /1-" '(2/*!#&($%" '/3(")1"/14&')1."*!55!16" 7!&"$(/004,"(2*(#&"&'/&"&'(4" /$("/00"%45#&!5%"!+"&'("8).)&/0" 9/:$)*/&)!1";(3!0<&)!1= " 3URIHVVRU1HLO*HUVKHQVà®&#x160;HOGRI 0,7 à®&#x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à®&#x160;HOGâ&#x20AC;«Ú&#x2018;â&#x20AC;¬V ;(3!0<&)!1D"&'("9/:"L/:= " B**!$-)1." &!" &'(" 9/:" L/:" @'/$&($,"9/:"L/:%"/$("H/".0!:/0" 1(&?!$M"!+"0!*/0"0/:%,"(1/:0)1." )13(1&)!1" :4" #$!3)-)1." /**(%%" &!"&!!0%"+!$"-).)&/0"+/:$)*/&)!1I" &!" /14!1(" ?/1&)1." &!" 5/M(" /14&')1.=" N')0(" &$/-)&)!1/0" +/:$)*/&)!1"+/*)0)&)(%"/$("()&'($"

FABLABS

\*!#4$).'&]"843)M"8(%).1^

!"#$%&'&()

TECH TWEETS

WRITE FOR TECHNOLOGY: EMAIL TECHNOLOGY@THEBEAVERONLINE.CO.UK


!"

!"#$%#!$%&'()*+,

!"#$!%#

!"#$%&'

"%1,2#' $1' "' #21)4%-$%&' +21E 0",'I#$**$"%!*+';)#!#"+1'(2%#+' ,$!5' &#2"!' "4!5)#$!+' "%-' 14I/ !*2!+E' (2' ";;2"#1' "1' "' %)/%)%/ 12%12' 6$%&' !#+$%&' !)' <)%%2<!' ,$!5' 5$1' ;2);*29' "1' 2N27;*$/ 8$2-' I+' !52' 1<2%2' $%' ,5$<5' 52' ,"%-2#1' #)4%-' 5$1' 1)*-$2#1@' <"7;' $%' -$1&4$12' $%' )#-2#' !)' <)78)#!' 5$1' 72%' "%-' 8$%-' )4!' ,5"!' !52+' #2"**+' !5$%6' )8' 5$7E' 0",@1' ;2#8)#7"%<2' $1' 16$*84**+' <)%1!#4<!2-9' "%-' -)21' J41!$<2'

T5)!)\'F52"!#21'W,%

&

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

'()*(+ ,-.#/&!$%&/////////////////////////////////////////////////////////////////////////////////////////////////////////////////// 21[42@' 1<2%2' ,$!5' !52' `#2%<5' T#$%<211' h"!52#$%29' ,52%' $!@1' "*7)1!'"1'$8'+)4@#2',"!<5$%&'"' *$H2'H2#1$)%')8'F52'()*$-"+E F52'14;;)#!$%&'<"1!'$1'1$7$*"#/ *+' I#$**$"%!E' .15*2+' i5"%&"U5"' );2%1' "1' !52' D5)#41' "%-' -)4/ I*21' 4;' "1' !52' %"jH2' =)+' ,5)' &)21')88'!)',"#f'"1'!52')%*+'"</ !)#'$%'7)-2#%'-#211'S52',2"#1'

/$2/3*'/45/(67(8939*42/32:/8;< '*4=*9>/5*??(:/9@(/ABC/83738*9>/ 9@(39'(/3=/42(/D;(=9*42/=((E(:/ 94/'()('F('39(/3'4;2:/9@(/'44EG/ +4;?:/H;:(/I3+/F(/32>/J44:K !)'!52'<5"#"<!2#@1'<)7;*2N$!+'^' ,2' 7)H$%&*+' 122' 5$7' &#";;*2' ,$!5'!52'I4#-2%1')8'*2"-2#15$;' "%-' ,$!5' !52' -27)%1' )8' !52' ;"1!E' `4#!52#7)#29' 5$1' ;2#8)#/ 7"%<2'S"%-'?#"%-"&2@1'-$#2</ !$)%V'&$H21'!52'"4-$2%<2'1;"<2' !)' [421!$)%' (2%#+@1' #4!5*211/ %211' "%-' H$<$)41%2119' ,5$<5' 272#&2' !5#)4&5)4!' !52' ;*"+9' %)!"I*+' ,52%' 52' <)77"%-1' !5"!' 2H2#+' 1)*-$2#' 15)4*-' R6$**' 5$1' ;#$1)%2#1@' !)' ;#2H2%!' !52' `#2%<5'#2&#)4;$%&E'a5$*1!'$!'$1' )8!2%'2"1+'!)'8)#&2!'!5"!'!52#2' $1' "' ()**+,))-' 7)H$2' 1!"#' )%/ 1!"&29' 0",' #2"**+' <)721' $%!)' 5$1' ),%' -4#$%&' !52' R#)7/<)7/

"' I*22-$%&' g%$)%' 3"<6' !/15$#!V' i5"%&"U"' 1!"%-1' )4!' 8#)7' !52' #21!')8'!52'<"1!'"%-';),2#84**+' "<!1'"1'"'*$%6'I2!,22%'!52'"4/ -$2%<2' "%-' !52' ;*"+9' -2*$H2#/ $%&' 5$1' 1;22<521' ,$!5' "%' 2%/ -2"#$%&' );2%%211' "%-' <*"#$!+E' F52#2' "#2' *"4&5' )4!' *)4-' 7)/ 72%!1' 8#)7' M)%' D))6' "1' !52' 8$2#+' T$1!)*9' "%-' >"!!' M+"%' "1' !52' 1!"4%<5*+' ;"!#$)!$<' a2*15/ 7"%' `*42**2%E' _%' 14<5' "' 7"*2/ -)7$%"!2-' ;*"+9' 7)72%!1' )8' 827$%$%$!+'"#2'5"#-'!)'<)72'I+9' I4!'8)#'!52'I#$28'7)72%!1'!5"!' !52+'"#2')%'1!"&2'3211$2'=4<6/ *2+'S"1'T#$%<211'h"!52#$%2V'"%-' C)7"'L472U,2%$'S"1'>$1!#211'

(&)"*+",,&,$-./0%

!

5#22';*"+19')%2',)7"%9')%2' 5)4#'^'1)',2%!'!52'!#$;*2'I$**' )8' O"742*' =2<62!!@1' *"!2#' ;*"+1'C)!'_9'`))!8"**19'M)<6/ "I+9' ;2#8)#72-' I+' _#$15,)7"%' 0$1"' L,"%' 8$#1!' "!' !52' M)+"*' D)4#!' F52"!#2' I28)#2' !#"%182#/ #$%&' !)' !52' L4<5211' F52"!#2' $%' !52' a21!' P%-E' ' D5"**2%&$%&' ,)#61' 8)#' !52' ;2#8)#72#' "%-' !52' "4-$2%<2' I)!59' "**' !5#22' ;$2<21' "#2' -"#6*+' !#"&$<' $%' %"/ !4#29'82"!4#$%&'!#)4I*2-'827"*2'

;#)!"&)%$1!1' ,5)12' *$H21' 1227' !)' I2' "<<2*2#"!$%&' $%!)' <"*"7$/ !+E''L,"%'7)H21'8#)7')%2';$2<2' !)' !52' %2N!9' 7)#;5$%&' $%!)' 52#' %2,' <5"#"<!2#' ,$!5' <)772%-/ "I*2'2"12E F52' !52"!#2' ,"1' $772-$"!2*+' ;*4%&2-'$%!)'-"#6%211'8)#'C)!'_9' ,52#2'=2<62!!@1'$%1!#4<!$)%1'"*/ *),2-'8)#')%*+'L,"%@1'7)4!5'!)' I2'122%'^'52#'8"<2',"1';"$%!2-' ,$!5'I*"<6'&#2"12'"%-'<5"#<)"*'

"%-' 152' ,"1' 8"1!2%2-' $%!)' "' 5"#%211'1)'"1'!)';#2H2%!'7)H2/ 72%!E' ' F5$1' 7)4!59' 8*)"!$%&' 2$&5!'822!'"I)H2'!52'&#)4%-9'$7/ 72-$"!2*+' I#)62' $%!)' "' !)##2%!' )8'1!#2"7/)8/<)%1<$)41%211')4!/ I4#1!19' ;4%<!4"!2-' I+' +2**1' )8' b,5"!]'c',5)]'c'%)d'c'152de'' L,"%@1'I*$1!2#$%&';2#8)#7"%<2' )8'!5$1',)#6'*"1!2-')%*+'"'#2<)#-' %$%2' 7$%4!219' ;"#!$<4*"#*+' $7/ ;#211$H2' <)%1$-2#$%&' !5"!' 7)1!' #2%-$!$)%1'!"62'I2!,22%'!,2*H2' "%-' 8)4#!22%' 7$%4!21' ,$!5' !52' 1"72'1<#$;!E''

T5)!)\'F52"!#21'W,%

O)725),' !52' !52"!#2' 8"-2-' )4!'!)'"%'2H2%'-"#62#'I*"<6'"1' L,"%' <)721' I"<6' )%1!"&2' $%' "',5$!2'-#211'8)#'`))!8"**1E''.*/ 7)1!'1;2<!#"*9'152';*"+2-'>"+9' "' 7$--*2/"&2-' ,)7"%' ;"<$%&' )4!1$-2' 52#' 7)!52#@1' #))7E'' >"+@1' 7)!52#9' H)$<2-' I+' "' #2/ <)#-$%&' )8' L,"%' 52#12*89' -2/ 1<#$I2-' 52#' -"4&5!2#@1' *$82' $%' "%' "*7)1!' I2*$!!*$%&' 7"%%2#9' #282##$%&'!)'"%'4%1;2<$8$2-'$%<$/ -2%!'$%'>"+@1'"-)*21<2%<2'!5"!' *2-'!)'52#'<4##2%!'1!"!2')8'$1)*"/ !$)%E' ' L,"%' 52*-' !52' "4-$2%<2' 2%#";!9' !52' !)#72%!' )8' >"+@1' <)%!$%42-'2N$1!2%<2' `$%"**+9'M)<6"I+'15),2-'L,"%' "1'"'b;#27"!4#2*+')*-',)7"%9e' -#2112-')%<2'"&"$%'$%'I*"<6'!)' 7"!<5'!52'#21!')8'!52'"7I$"%<2E''

k4$<6*+l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a$6$;2-$"'"#!$<*29'I4!'!)'I2' 5)%21!' !52' <"1!' -2*$H2#' 14<5' &#2"!' ;2#8)#7"%<21' !5"!' +)4' ,)%@!'&2!'*)1!'$%'!52'-$"*)&429' 2H2%' $8' +)4' -)%@!' <"!<5' 2H2#+' ,)#-E' (2%#+' :' $1' "' #2"*' 741!/ 122' "%-' _' ,)4*-' 4#&2' "%+)%2' ,$!5'2H2%'"';"11$%&'$%!2#21!'$%' !52"!#2' !)' !#+' "%-' &2!' !$<62!1' !)' 2N;2#$2%<2' !5$1' ,)#*-/<*"11' ;#)-4<!$)%E' T*419' 34-2' 0",' $1' 1!$**' "' !)!"*' 5)!!$29' -21;$!2' !52' #2<2-$%&'5"$#*$%2E' '

D(.M0WFFP'3gDhPO

'()*(+ ,01%/&!$%&///////////////////////////////////////////////////////

=+'!5$1';)$%!'$%'!52'5)4#9'5),/ 2H2#9' $!' ,"1' -$88$<4*!' !)' 7"$%/ !"$%' "!!2%!$)%f' `))!8"**1' ,"1' ;2#8)#72-'$%'8)4#'"<!19'"%-'8)#' !5)12'4%$%$!$"!2-'!)'=2<62!!9'!52' -$1!$%<!$)%' I2!,22%' `))!8"**1' "%-' M)<6"I+' <)4*-' 5"H2' I22%' 7"-2' <*2"#2#E' ' F52' 7)%)*)&42' ,"1')8'"'1!+*2'I2!,22%'!5)12')8' C)!' _' "%-' `))!8"**1\' %)!' 15)#!' )4!I4#1!1' )#' 84**' !5)4&5!1' $%' <)7;*2!2'12%!2%<219'I4!'#"!52#' *$62' "%' 2E2E' <477$%&1' ;)279' #2*"!2-' !5)4&5!1' $%' 8#22' H2#12E'' a5$*2' 1!4%%$%&' 8)#' $!1' -21;"$#9' ,$!5' L,"%@1' 1!)$<' 7"%%2#$171' 5)*-$%&' )4!' !)' !52' 2%-9' $!' ,"1' ;2#5";1' !52' 7)1!' <5"**2%&$%&' )8'!52'!5#22';$2<21'I+'H$#!42')8' $!1')#-2#'$%'!52'2H2%$%&E g%8)#!4%"!2*+9' !52' <)%1!"%!' #$%&$%&' )8' 7)I$*2' ;5)%21' -$1/ !#"<!2-'8#)7'!52'<)%<2%!#"!$)%'

NOT I FOOTFALLS ROCKABY Until 15 Feburary

ROYAL COURT Royal Court Theatre

,5$<5' ,$!5' =2<62!!' $%!2%-2-' !5212';*"+1'!)'I2'H$2,2-E''F52'

$%!2##4;!$)%1' ,2#2' ;"#!$<4*"#*+' $#61)72'-4#$%&'`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f'`))!8"**1',"1' #28*2<!$H2' "%-' 72"14#2-f' "%-' M)<6"I+',"1';2#5";1'!52'7)1!' 8)#*)#%9'!52';#)!"&)%$1!'1$%6$%&' 2H2#' 84#!52#' $%!)' "' ;1+<5)*)&$/ <"*'"I+11E''`)#'!5"!9'"%-'8)#'52#' ;#2<$12'2*)<4!$)%'-4#$%&'C)!'_9' -$-' 152' #2<2$H2' !5#22' 12;"#"!2' #)4%-1' )8' ";;*"412' "!' !52' 2%-' )8'!52'%$&5!E 3P``'>W


!"

!"#$%#&'#($)*+,-+),-.

!"#$!%#

!"#$"%&'() 0

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

&'()'*

H!5+7+(& 3!(+& =!,#)#7+.CB& L/("&P/)#,,&#,&/$&+6*+..+$)& L+$+$#0,& /$>& H/((C& X!)8 )+(& '/$,& 5#..& <+& =.+/,+>& )!& ,=!)& 2+/$& G1!3/,& JR.'(+>& Y$!*1K& #$& )1+& (!.+& !'& G#)0,& O/()#0,9

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

+,-#./!$%/...................................................................................................................

by Josie Rourk DONMAR WAREHOUSE Cinema broadcast JAN 30TH

!""#$!%&"'()#*$

&+,-"..%/!0 1234$45$67289$479$:5;$5<$=53>98<?@$4792489A$58$6BCB@28@;A$479$D2B3$5<$>9EB>9>@;$2F982G9$4792489$H?4$35I539$=B@@$ @B6493JJ0$$ K+,'$L$=B@@$892>M (989$24$K+,'$L$ '792489$=9$72F9$2$@54$5<$@5F9@;$=8B4986A$H?4$?3<584?324@9;A$354$2@=2;6$935?G7$4792489$4BEN946$45$G5$285?3>J$ )<$;5?OF9$6993$2$D@2;$23>$;5?$=234$45$675?4$2H5?4$B4$I$D@9269$>5MM !93>$2$89FB9=$5F98$45$&BE79@@9P$

$'("+',"Q'("L"+-",%#.)#"JR%J/S +6$@53G$26$=9$>53O4$2@892>;$72F9$2$89F9B=$5<$;5?8$DB9E9A$=9$=B@@$D?H@B67$B4$23>$E89>B4$;5?$B3$479$ E@56964$D?H@BE24B53$45$89EB9D4A$58$24$479H92F9853@B39$BCC9>B249@;M$

X1!)!Z&G1+/)(+,&\5$

Directed


!"

!"#$%#!$%&'()*+,

!"#$%&'

WHICHLSEAREYOU? $()"'%*%+#,$%-#*+. /0'1+.#,2/"''"3+,3"'1+.#4 !"#$%&'()*+,-"+.(!"N8GB' O+2(&'/&73:"1B'P((&1'M&9 #=+,"&2B'J(+""1'M&;;B'+(<&9 2&##';&(;2&'&7&%1*+&%& /-(0.1")2'M,2#-("B'Q&=?9 +,<B'R%3>-("B'-+&'S(1,2'R(%9 ($:+',"6'N,1),3%'D&=,$#&' -+&1'6(':('-('./0',)-&%,22@ 3-4.1,+"%&,%-52'R$TTU&&6B' N,%>',"6'U($=,$2!6.*)&-"2'A+(2&'U((6#B'!%9 EDQ2XWроКWWHUV$PHULFDQ$S9 ;,%&2B'73"-,:&'#+(;#B'<,%?&-#' 3"'$"6&%6&7&2(;&6'=($"-%3&#

!"#$%&'()*+,-"+.(b'c(%9 6("'c&??(B'J,#("'A(": /-(0.1")2'./0'O,%&&%#' U,3%B'K+&'23D%,%1'6(3":' :%($;'3"-&%"',;;23=,-3("#' )(%'<,>3<$<';,##'%,-& 3-4.1,+"%&,%-52'UKB'' L(*'K('/;&"6'8!6.*)&-"2 /&2)%36:&#B'L,%%(6#B J(+"'.&*3#'*+&"'"&,%9 3":'-+&'&"6'()'#-$6&"-' 2(,"d3"-&%#+3;';,1<&"-

7%"&"6%&$..8b'R(--&:,'e&"&-,' 7%"&"6%&$..82'/?3""1'V&,"#B' *((29D2&"6'#$3-B'X^[^[B'J(+"' D&=,$#&'-+&1',%&',':&"6&%9 .(DD'#+(&#B'O3-1'88'.&,-+&%' 2&##'#-12&'S,:'W'R("&'XYZ[B' 5>)(%6#B'X`f_B'G2D$%-'K+$%#9 J$<;&%'N,%1'\,-%,"-T($'X]^[B' -("'D$--("'S&6'D%,=&#B'X]f@f_ M%'N,%-3"#'XY]_B'.,"73"'G#3,-3=' %,=(("'("&9#2&&7&'#-(2&'X`]a[B' 8#,D&2'N,%,"-'"&=?2,=&'X_]_B'

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

"(,1%5#

*$+,)"##%6+

#"!+,'+.5#

!"#$%&'()*+,-"+.(2'K+&3%')%3&"6#

!"#$%&'()*+,-"+.(2'P,1"')%(<' 5"&'M3%&=-3("B'S,"D3%'\,;((%

!"#$%&'()*+,-"+.(2'\,-&' N3662&-("B'j!"),#+3("39 #-,k'.($3#&'N&"#=+

/-(0.1")2'P(('D,%B'&7&%1' A&6"&#6,1@'S&23:3($#21@ 9.)"&$+8%$#&".2'c%,6$9 ,-&'*3-+',']91&,%'6&:%&& !6.*)&-"2'G"1*+&%&'("'-+&'+3:+' #-%&&-B'"(-+3":'(7&%21'=%&,-37&' )(%'($%'V(=?')%3&"6#'6,1'-('6,1B' &#;&=3,221'#&&3":',#'-+&1'237&'3"' -+&3%'\QNc'-&,<'?3-#'Z_g'()'-+&' -3<&@'Q%3<,%?')(%'#;&=3,2'(==,9 #3("#'23?&'3"3-,-3("#B'=,%(2B'&-=@ 7%"&"6%&$..82'5(<;,' .((<;,'?3-'0D,1'X^[

/-(0.1")2'N3"3#-%1'()'/($"6B' P(('("'A&6"&#6,1#'D&=,$#&' -+&1'-+3"?'-+&1'#+($26B'-+&3%' <$<h#',-'-+&'*&&?&"6'-(' JHWWKHLUроК[RIGHVLIRRG

3-4.1,+"%&,%-52'N((9 62&'%&,63":'23#-# /-(0.1")2'S&#;&=-37&'6&;,%-9 <&"-#@'K+3#'#-$6&"-'#;&=3&#' WHQGVWRроЛRFNWR*RYHUQPHQW 8S',"6'.,*'3"';,%-3=$2,%@

9.)"&$+8%$#&".2'c&-',"'3"-&%9 73&*',-'N=\3"#&1',"6'-+&"':&-' %&V&=-&6'D&=,$#&'-+&1')(%:(-' -('6&7&2(;'-+&3%'3"-&%;&%#(",2' 7%"&"6%&$..82'R$%D&%%1'-%&"=+' #?322#'*+32&'-+&1'("21'+$":' XZf_B'J'R%,"6'V&,"#'X^]_B'Q,-&"-' ($-'*3-+'?36#'*3-+',"'36&"-3=,2' UHGEDOOHWроЛDWV5HSHWWRe8P9 D,=?:%($"6',"6'$;D%3":3":' D%&22,'N,%='D1'N,%='J,=(D#'X_[B' .(":=+,<;'j.&'Q32,:&k'-(-&'X`Z 7%"&"6%&$..82'c$==3'V&,"#'Xi[_ B'R,2&"=3,:,'+3:+'-(;#'Xi]_B' G--&<;-&6'+3;#-&%'=,%63:,"' N,3#("'N,%-3"'N,%:3&2,'X]`a

Q+(-(#b'U23=?%

!""#$$%#&'%(")$!*$+#*$,-$./"$-+&/%,#&$+!,0"1$2".$./"$3,,4$5%./$ '+(.!6&$/+#)*$78.9,8.9+#)94""'$28%)"$.,$7+:'8&$.("#)&".."(&

5+''%#,)&&'+7

8"#&',/&'9

+.)::

'%.";,-"'<$"; )".*$",-+*.&<$+%;&#

Q+(-(#b'U,=&D((?


!"

!"#$%#&'#($)*+,-+),-.

!"#$%&'()(*%#+",("-.#()(,%./-".+-/

PASSION, TALENT AND DETERMINATION - PAVE YOUR WAY INTO FASHION %&-,(3,&#0$1$;(%$(77&,#3"2$-!(,.7".%&#$ &6$ W[9[9\$ 9#$ 3!"$ C+#;()XH$ ($ -!(.,3)$ 6(%!,&#$ %!&;$ ;!,-!$ %".:"2$ 3!"$ 2+(4$ 7+.7&%"$ &6$ !"47,#<$ 3!"$ 4"%%$ 6&.3+#(3"$ (#2$ (4%&$ 7.&:,2"2$ ($ 74(36&.'$ 6&.$ 3!"$ ."-&<#,3,&#$&6$4&-(4$Q.,$?(#5(#$2"%,<#A ".%8$E!,%$7.&F"-3$;(%$3!"$,2"(4$&77&.3+A #,3)$3&$-!(44"#<"$')%"46$3&$#";$!",<!3%$ E\IHDWXULQJP\à®&#x160;UVWGHVLJQFROOHFWLRQ WP";$Q&+4X8$$

1

)$ 4&:"$ 6&.$ 4($ '&2"$ >"<(#$ (%$ ($ -!,420$ (%$ 1$ ."-(44$ #+'".&+%$ 7(%A 3,'"%$ 74(),#<$ W2."%%$ +7X$ ;,3!$ IULHQGV:HDULQJJODPRXWà®&#x160;WVDQG RYHUVL]HG VWLOHWWRV P\ HQWRXUDJH DQG 1$;&+42$%3.+3$2&;#$(#$,'(<,#(.)$.('7$ SLFWXULQJ à®&#x2039;DVK\ OLJKWV DQG ZLQG PDA -!,#"%0$ %3.,5,#<$ "#24"%%$ 7&%"%$ 6&.$ 3!"$ '(5"A>"4,":"$ -('".(%8$ I%$ ')$ 3""#(<"$ )"(.%$7.&<."%%"20$')$!"(.3$;(%$%"3$&#$ 6(%!,&#$(%$1$4&&5"2$3&$3(5"$3!"$;&.42$&6$ W2."%%$+7X$>)$%3&.'8 0\ à®&#x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à®&#x160;WRQVHVVLRQVLQVSHFWA ,#<$3"%3$%('74"%$(#2$+#2".%3(#2,#<$3!"$ -&''".-,(4$ %,2"$ &6$ 3!"$ >+%,#"%%H$ 6.&'$ %+774)$-!(,#$(#(4)%,%$3&$.":,";%$&6$3!"$ )"(.4)$>+),#<$-(4"#2(.8$

V)$ #"D3$ <&(4$ ;(%$ 3&$ +%"$ 3!"$ %5,44%$ 1$ <(,#"2$ 6.&'$ 3!"$ (77."#3,-"%!,7$ 3&A ZDUGV FUHDWLQJ P\ à®&#x160;UVW GHVLJQ SLHFH E!"$ 7".6"-3$ &77&.3+#,3)$ -('"$ (4&#<$ ;!"#$ 1$ "#<(<"2$ ,#$ WI.3K(45XH$ ($ %!&;$ ;!,-!$ 7.&:,2"2$ ($ 74(36&.'$ 6&.$ %"46A "D7."%%,&#$ (#2$ -."(3,:,3)$ &6$ (44$ 6&.'%0$ 6.&'$ 6(%!,&#$ 3&$ 7!&3&<.(7!)8$ V)$ 4&:"$ 6&.$(#,'(3"2$-&4&+.%0$%+%3(,#(>4"$6(%!A ,&#$(#2$3!"$+43,'(3"$%3)4"$,-&#$I+2.")$ G"7>+.#0$7.&:"2$3&$>"$3!"$7".6"-3$-&'A >,#(3,&#$&6$"4"'"#3%$,#$7+33,#<$3&<"3!A HU ZKDW EHFDPH NQRZQ DV WKH â&#x20AC;«Ú&#x201D;â&#x20AC;¬3DSHU S&44X$ 2."%%8$ G(:,#<$ <(,#"2$ ,#%7,.(3,&#$ 6.&'$ 3!"$ %3)4"%$ &6$ "-&A6.,"#24)$ 2"%,<#A HUV -XP 1DNDR DQG %HD 6]HQIHOG WKH 2"%,<#$3!(3$"'".<"2$;(%$6"',#,#"0$',.A .&.,#<$ -(."6.""$ (#2$ 4,:"4)$ %"#3,'"#3%8$ 3UHGRPLQDQWO\ PDGH RI SDSHU EH LW ."-)-4"2$ &.$ -."7"0$ 3!"$ '(3".,(4%$ ;"."$ 6+%"2$ 3&<"3!".$ >)$ ($ :(.,"3)$ &6$ :,>.(#3$ %3(3,&#(.)$ ,3"'%$ .(#<,#<$ 6.&'$ 3!+'>A 3(-5%$3&$7(7".$-4,7%8$G(:,#<$-."(3"2$')$ YHU\à®&#x160;UVWSLHFHRIDUWDWWKLVSRLQW,GLVA -&:"."2$3!"$"'7&;".'"#3$(#2$,'7(-3$ 3!(3$($2"%,<#".$-(#$'(5"$>)$-&#:"),#<$ "'&3,&#%0$3!"'"%$(#2$($;,2".$'"%%(<"$ 3&$3!"$(+2,"#-"0$3!.&+<!$6(%!,&#8$ I',2%3$ +#,:".%,3)$ (774,-(3,&#%$ 3!"$ 6&4A 4&;,#<$)"(.0$1$;(%$."(2)$3&$3(5"$&#$3!"$ QH[WVWHSP\à®&#x160;UVWGHVLJQHUFROOHFWLRQ K,3!$3!"$%+77&.3$&6$3!"$Z&#3($B&+3!$I%A

3URJUHVVLQJ LQWR P\ IRXU \HDUV RI %3+2),#<$(#2$4,:,#<$,#$3!"$!"(.3$&#"$&6$ 3!"$ ;&.42/%$ >,<<"%3$ 6(%!,&#$ -(7,3(4%0$ ')$ 4&:"$ 6&.$ 6(%!,&#$ %3,44$ .+#%$ %3.&#<8$ 1$ VHL]H HYHU\ SRVVLEOH IDVKLRQ RSSRUWXA #,3)$ 1$ !(:"$ ,#$ ')$ 6.""$ 3,'"$ ":".)$ #&;$ (#2$ 3!"#\$ .&(',#<$ (.&+#2$ 3!"$ %3.""3%$ &6$ ?&#2&#$ 3&$ 5""7$ +7$ ;,3!$ 3!"$ 4(3"%3$ 6(%!,&#$'&'"#30$6.&'$1%4,#<3&#$L(#2,2$ I.3%$ E.+%3$ (##+(4$ 6(%!,&#$ "D3.(:(<(#A ]D WR â&#x20AC;«)Ú&#x201D;â&#x20AC;¬URFN 0Hâ&#x20AC;« Ú&#x2022;â&#x20AC;¬YLQWDJH IDVKLRQ IDLU ,#$ L!"4%"(0$ 3!"$ 4,%3$ ,%$ "#24"%%]$ $ 1$ (4%&$ PDQDJHG WR VTXHH]H LQ D VKRUW ZHHNA "#2$-&+.%"$W$E!"$T%%"#3,(4$^+,2"$3&$3!"$ Y(%!,&#$ M+%,#"%%X$ (3$ 3!"$ ?&#2&#$ L&4A 4"<"$&6$Y(%!,&#8$1$;&+42$!,<!4)$."-&'A '"#2$3!"$-&+.%"$3&$(44$)&+$6(%!,&#,%3(%$ ;!&$ (."$ -&#%,2".,#<$ %3(.3,#<$ +7$ )&+.$ RZQ EXVLQHVV LQ WKH LQGXVWU\ 5Hà®&#x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

!"#$%&"'()*%+,-.%'%./0(.12(+34%"'(*2".1(35(-&%43#&+

0

!"#$ %&'"&#"$ %()%$ *+#,-&.#/0$ 1$ ,''"2,(3"4)$ 3!,#5$ &6$ ')$ 4,334"$ 7&#)$(#2$-(#2)$-(#"%8$9.0$":"#$ ;&.%"$ %3,440$ &6$ %;&&%!,#<$ 3(,4%0$ <4,33".$(#2$<"#2".$%3"."&3)7"%8$,#$!,%$ %".,"%0$*=.>(#$?"<"#2%/8$1#$!,%$%".,"%0$ *=.>(#$?"<"#2%/8$@"(#AB:"%$?"'&,<#"$ 7."%"#3%$ ($ #";$ %,2"$ 3&$ 3!"$ !,%3&.)$ &6$ WKHVHà®&#x160;FWLWLRXVFUHDWXUHV $ C(3!".$3!(#$2.(;,#<$+7&#$6"',#,#,3)0$ ?"'&,<#"$!,<!4,<!3%$(#&3!".$"4"'"#3$ &6$*3!"$+#,-&.#/$,#$!,%$;&.5%8$1#%3"(20$ !"$ 6&-+%"%$ &#$ "D3,#-3,&#8$ E!"$ >(-5A <.&+#2$ &6$ "(-!$ 7!&3&$ ,#$ 3!,%$ %".,"%$ (."$>(.."#$+.>(#$%7(-"%$3!(3$(."$&#4)$ &--+7,"2$>)$!,%$%,#<4"$%+>F"-30$#('"4)$ ($ +#,-&.#$ !+'(#$ !)>.,28$ 1#$ "(-!$ ,'A DJH WKH à®&#x160;JXUH ZDQGHUV WKURXJK KDOI 2"%".3"2$ %3.""3%0$ -4+3-!,#<$ ($ '&334"2$

3KRWRV-HDQ<YHV/HPRLJQH

>(<$&6$7&%%"%%,&#%8$G&;":".0$!,%$%+>A F"-3%$ (."$ ,#2,:,2+(4%H$ ,#$ &3!".$ ;&.2%0$ KH PDNHV D FRQVFLRXV Hà®&#x2030;RUW QRW WR ."A+%"$ 3!"$ %('"$ '&2"48$ I%$ ($ -&#%"A J+"#-"0$ ,3$ ,%$ -4"(.$ 3&$ 3!"$ :,";".$ 3!(3$ 3!")$ (."$ +#,3"2$ >)$ 3!",.$ %7"-,"%$ >+3$ (."$ %"7(.(3"2$ 6.&'$ "(-!$ &3!".$ >)$ 4&A -(3,&#8$K"$-(#$7".-",:"$3!"$-&44"-3,&#$ (%$ ($ ;!&4"0$ >+3$ 3!"$ %+>F"-3%$ (."$ ,%&A 4(3"2$ ,#$ &#"$ 6.('"8$ I22,3,&#(44)0$ 3!"$ >.,<!3#"%%$(43".%$6.&'$7,-3+."$3&$7,-A WXUH7KHHà®&#x2030;HFWRIWKLVLVWRLPSO\WKDW HDFKLVWDNHQLQDGLà®&#x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

7&,#3$1$('$3.),#<$3&$'(5"$,%$($%,'74"$ &#"8$ =#2".$ 3!"$ +#,-&.#$ <+,%"0$ ?"'A &,<#"$ -(#$ 74()6+44)$ J+"%3,&#$ !&;$ 3!"$ -,3)$7.&7(<(3"%$-".3(,#$3)7"%$(#2$:(4A +"%$ ;!,-!$ &#"$ '+%3$ (2!"."$ 3&$ ,#$ &.A GHUWRà®&#x160;WLQ $ I%$ 7.":,&+%4)$ '"#3,&#"20$ ?"'&,<#"$ -!&&%"%$ ($ 2,%3,#-34)$ +.>(#$ %"33,#<8$ B"30$ ;"$ -(##&3$ #('"$ "D(-34)$ ;!"."8$ Q+--,#34)0$ !,%$ ;&.5%$ %+''(.,%"$ 3!"$ %&+44"%%$%,2"$&6$'&2".#,3)8$E!"$%3.""3$ 4('7%$ %!,#"0$ >+3$ #&3$ (%$ ($ >"(-&#$ &6$ !&7"8$ E!")$ %,'74)$ -(%3$ 4,<!3$ 3&;(.2%$ WKH VWUDQJH à®&#x160;JXUH RI WKH KDOIEUHG &+3%,2".0$ ;!&$ !(%$ >""#$ %7(3$ &+3$ >)$ 3!"$-,3)8$?"'&,<#"$,%$-4":".$3&$+%"$3!"$ ,'(<,#(.)$3&$"D7."%%$3!,%$%"#%"$&6$."A F"-3,&#8$ M)$ 2&,#<$ %&0$ !"$ 2&"%$ #&3$ .+#$ WKH ULVN RI JODPRXUL]LQJ VRFLDO PDUA <,#(4,%(3,&#$ ,#3&$ %&'"3!,#<$ "D&3,-$ 3&$ 7!&3&<.(7!8$ E!.&+<!$ 74(),#<$ ;,3!$ WKH à®&#x160;FWLWLRXV KH SURYLGHV KLV YLHZHU ;,3!$ ($ 7&,<#(#3$ %&-,(4$ -&''"#3(.)H$ !,%$;&.5%$(%5$+%$;!)0$;!)$!(:"$3!"%"$ FLWL]HQVKDYHIRXQGWKHPVHOYHVDORQH K!)$ ,%$ 3!"."$ #&$ %+77&.3$ 6&.$ 3!"%"$ -!(.(-3".%R$ 1%$ ,3$ >"-(+%"$ 3!")$ (."$ GLà®&#x2030;HUHQW" 3HUKDSV EXW SHUKDSV QRW ",3!".$ ;()$ !,%$ ;&.5$ 7&%"%$ (#$ ,#3".A "%3,#<$ J+"%3,&#$ (>&+3$ 3!"$ #(3+."$ &6$ +.>(#$4,:,#<8 !"#$%&'"() *"+,-.$") -() #) /0"$12) 32,% 4,.0#32"05) 2") 2#() #6(,) 7,08"9) :,0) ;0#$9() (<12) #() =<9-) #$9) >0#$.") ,$) #9'"04-(-$.) 1#+3#-.$(?) @-() 7,08) 1#$) ;")'-"7"9),$)2-()7";(-4"?) @IST$@ILUVIP

!"#$%&'()%&')#*) +*,#*-+'+,).!+/0+.) !123456)"738213928)68:37;<) 76)<;=);>8<)?;2)@967<866

2

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à®&#x2030;WKH\DUH 3!(#$)&+0$%&'"$&:".A(-!,":,#<$?QT$%3+A 2"#3%$!(:"$3!"$(+2(-,3)$3&$."(2$>&&5%$ 6&.$6+#8$$ E!"%"$ ,#6".,&.,3)A-&'74"DA.,22"#$ ;&+42A>"$(+3!&.%$(#2$7&"3%$%7"#2$3!",.$ 2()%$ %4(:,#<$ +#2".$ 4('7A4,<!3%$ (#2$ ,#$ FRà®&#x2030;HH VKRSV WU\LQJ WR GHFLSKHU KRZ "D(-34)0$3!"$74(-"'"#3$&6$3!"$-&''($,#$ 3!"$ 4(%3$ %"#3"#-"$ 3!")$ ."(2$ ,#2,-(3"%$ 3!"$ (+3!&./%$ &>:,&+%$ ."4,<,&+%$ ,#-4,#(A 3,&#$ 3&;(.2%$ V&.'&#,%'$ Q-,"#3&4&<)H$ 4,3".(.)$ (#(4)%3%$ (."$ )"3$ ,#$ 2,%(<.""A '"#3$ (>&+3$ ;!,-!8$ E!"$ T#<4,%!A'(F&.A <&#"A7&4,3,-(4A%-,"#3,%30$ 2.(;#$ &+3$ &6$ LWV QDWXUDO FRà®&#x2030;HH KRXVH KDELWDW DQG ,#3&$3!"$!&3A>"2$&6$%3".#$"-&#&',-$(#2$ SROLWLFDOVDYDJHU\WKDWLV/6(à®&#x160;QGVLWA %"46$&#$3!"$"#2(#<"."2$%7"-,"%$4,%38$$ I#2$ #&;0$ 2+"$ 3&$ %&'"$ 7"-+4,(.$ %3.&5"$ RI PDQLDFDO JHQLXV 7KH %HDYHU Rà®&#x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à®&#x2030;WKDWERRNIURPWKH QI?T]$ %"-3,&#$ &6$ 3!"$ >&&5$ %3&."$ 2&;#$ 3!"$.&(2$;,3!$3!"$%!,#)$-&:".$3!(3$2.";$ \RXWRLWLQWKHà®&#x160;UVWSODFHLVLQYLWHGWR 7."%"#3$($7,"-"$&6$F&+.#(4,%'$3&$7.&:"$ )&+$ (."$ #&3$ F+%3$ &#"$ &6$ 3!&%"$ 7."3"#A 3,&+%$ F".5%$ ;!&$ %""%$ ($ '&:,"$ >(%"2$ &#$ ($ >&&5$ %&$ )&+$ -(#$ ;.,3"$ (#$ &:".4)A -&'74,-(3"2$ %3(3+%$ +72(3"$ (>&+3$ !&;$ 3!"$ >&&5$ )&+$ #":".$ ."(2$ ,%$ ($ ',44,&#$ 3,'"%$>"33".$3!(#$3!"$'&:,"\$)&+$(-3+A DOO\UHDGWKHERRNà®&#x160;UVWDQGWKHQZULWH (#$ &:".4)A-&'74,-(3"2$ %3(3+%$ +72(3"$ (>&+3$ !&;$ 3!"$ >&&5$ ,%$ ($ ',44,&#$ 3,'"%$ >"33".$3!(#$3!"$'&:,"8$$ 16$ )&+0$ 4,5"$ '"0$ (."$ &#"$ %+-!$ %3+2"#30$ ZHKRSH\RXà®&#x160;QGWKHWLPHWRZULWHIRU +%]$ @TPP1YTC$C=EGTC A+#-6)<()#4) 6-4"0#4<0"B42";"#'"0,$6-$"?1,?<8)


!"#$%#&'#($)*+,)+-),-

!"#$%

!"#$#%&'()*+,-&."/0&1


WKH

!"#$"%

21

!3#%4.*$N.+3./*$OP$OQRS

@"&(+8"0 !"#$%&'(#!)$'&*+,-$!"#$%&"'!"#$!%&'$()*$&)!+,-.$)/

()*+,*+-.#/0%$.*+1"'$2"+$./#+,*+-3 402".$*5'.#+6.#61*7"8 !!"#$%&'(%#'!)*+,%'-!.,+%/01%&,2%#'

:LWK PDQ\ à­½UVW \HDUV FXU! UHQWO\ SUHSDULQJ IRU VSULQJ ZHHN LQWHUYLHZV 0DWWKHZ 3HQQLOO ,QYHVWPHQW 6RFLHW\ 9LFH3UHVLGHQW JLYHV DQ LQ! VLJKW LQWR WKH ZRUNLQJ RI WKH VRFLHW\DQGRà­¼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à®&#x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

E3%)$ 8#0(++(+0$ )&$ )"(+5$ .8&3)$ D FDUHHU LQ à®&#x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

%3/#$ *&3$ )"(+5$ .8&3)$ "&6$ *&3$ '&3-4$ %)/3')3/#$ .+%6#/%$ )&$ '#/).(+$ M3#%)(&+%7$ (+'-34(+0$ 6".)$ %5(--%$ .+4$ #D2#/(#+'#%$ *&3$'&3-4$4/.6$&+7$(+$.49.+'#$ &,$ )"#$ (+)#/9(#6;$ !"(/4-*7$ J$ 6&3-4$ .49(%#$ (+)#/9(#6##%$ )&$ '&1#$32$6()"$&+#$&/$)6&$0&&4$ M3#%)(&+%$ )&$ .%5$ .+$ #12-&*##$ .)$ )"#$ (+%)()3)(&+$ )"#*$ ".9#$ .22-(#4$ )&;$ =&%)$ (+)#/9(#6#/%$ 6(--$0(9#$*&3$)"#$'".+'#$)&$.%5$ )"#1$ .+*)"(+0$ &+'#$ )"#*?9#$ à®&#x160;QLVKHG JULOOLQJ \RX DQG SRV:

(+0$.$'&32-#$&,$)"&30"),3-$.+4$ (+)#--(0#+)$M3#%)(&+%$6(--$-#.9#$ )"#$ (+)#/9(#6#/$ 6()"$ .$ 0&&4$ à®&#x160;QDO LPSUHVVLRQ RI \RX DQG '&3-4$"#-2$*&3$%).+4$&3)$,/&1$ )"#$'/&64; 7.3$ *(,"8$ ('90$ :*8$ )+4? 4'.;$'./"0(%".($)&.>"80< <"#+$ *&3$ 0&$ )&$ .+$ (+)#/: 9(#6$ &/$ .%%#%%1#+)$ '#+)/#7$ /#1#18#/$ )".)$ *&3?/#$ 8#(+0$ .%%#%%#4$ ,/&1$ )"#$ 1&1#+)$ *&3$ 6.-5$ (+)&$ )"#$ 83(-4(+0;$

>&7$ 6"(-#$ ()?%$ .+&)"#/$ &89(&3%$ )"(+07$8#$2&-()#$.+4$'&3/)#&3%$ )&$ #9#/*&+#$ *&3$ '&1#$ .'/&%%7$ /#0./4-#%%$ &,$ )"#(/$ %#+(&/()*;$ 2QHà®&#x160;QDOWKLQJâ&#x20AC;«Ú&#x2039;â&#x20AC;¬WKRXJKWKHVH (+)#/9(#6%$ '.+$ 8#$ (+'/#4(8-*$ +#/9#:/.'5(+07$ /#1#18#/$ )&$ %1(-#K$!"(%$6(--$"#-2$*&3$/#-.D$ .%$ 6#--$ .%$ #+4#./(+0$ *&3$ )&$ )"#$(+)#/9(#6#/; <RXFDQà­½QGRXWPRUHDERXW WKH ,QYHVWPHQW 6RFLHW\ DW ZZZLQYHVWPHQWVRFLHW\FRXN

=,&($ &4/'2"$ 5*+#4$ 3*+$ RૼHU WKRVH DERXW WR IDFH 098'.;$5"">$'.("8/'"50< H(/%)-*7$ 6"(-#$ ()$ 1.*$ %&3+4$ &89(&3%7$ 4&+?)$ -(#7$ .+4$ 8*$ )"(%$ J$.-%&$1#.+$4&+?)$6(-4-*$#D.0: JHUDWH \RXU TXDOLà®&#x160;FDWLRQV DQG #D2#/(#+'#%K$ L*(+0$ 6(--$ 1.5#$ *&3$ +&)('#.8-*$ 1&/#$ +#/9&3%$ (+$ .+$ (+)#/9(#6$ %()3.)(&+$ .+4$ *&3?--$ M3('5-*$ 8#$ ,&3+4$ &3)$ (,$ *&3?9#$ 8##+$ -#%%$ )".+$ )/3)": ,3-7$ %&$ ()?%$ E3%)$ +&)$ 6&/)"$ ();$ >#'&+4-*7$ )/*$ .+4$ 1.5#$ *&3/$ .+%6#/%$ )&$ )"#$ (+)#/9(#6#/?%$ TXHVWLRQV DV VSHFLà®&#x160;F DV SRV: %(8-#;$ =&%)$ (+)#/9(#6%$ ,&/$ 2-.'#%$ &+$ %2/(+0$ 6##5%$ ./#$ '&12#)#+'*:8.%#47$ %&$ 1.5#$

&%"'()*++,(-.#/

!"#$$!%&''())

!"#$%&'#(%)*+,$# -%&./#.*0+#,%#1+# "+2,&'+/#*3#456########## 789!64:#98;<=>##### +?@2*.A#"+2,&'+(B,C+1+2D+'%3.*3+E)%E&0

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

,&'3%%#%$ &+$ 23))(+0$ &+$ 9./(&3%$ ,3+4/.(%(+0$.')(9()(#%$,&/$'#/).(+$ '"./()(#%;$ UAV$ (%$ .$ ,3+4.1#+).-$ '&12&+#+)$&,$1&%)$ 3+(9#/%()(#%7$ %&$6#?/#$2/&34$)&$%.*$)".)$L>Y$(%$ 32$)"#/#$6()"$)"#$1&%)$%&'(.8-#$ &,$)"#1$^=.+'"#%)#/7$_#+)$#)'`; !"#/#$ ./#$ )"/##$ '"./()(#%$ 6"('"$ L>Y$%)34#+)%$'"&%#$.)$)"#$8#0(+: +(+0$ &,$ )"#$ *#./T$ >2(/#%7$ =.5#: A:<(%"$ H&3+4.)(&+$ Z_7$ .+4$ H&&4'*'-#7$6"('"$UAV$%322&/)%;$ A--$ )"#$ 1&+#*$ 6#$ /.(%#$ 0&#%$ )&$ )"#%#$ '"./()(#%$ .+4$ (%$ %2-()$ 8#: )6##+$ )"#$ )"/##;$ G3/$ '".--#+0#$ .')(9()(#%$ %3'"$ .%$ "()'""(5#$ ./#$ VSHFLà®&#x160;FDOO\ GHVLJQDWHG IRU RQH '"./()*;

01(%".$(%$.$"&1#-#%%+#%%$'"./()*;$ J)$(%$.$4.*$'#+)/#$6"('"$&2#/.)#%$ (+$L.18#)"7$%322&/)(+0$+&)$&+-*$ )"#$ "&1#-#%%$ 83)$ &)"#/$ 93-+#/: .8-#$ 2#/%&+%$ .)$ /(%5$ &/$ .-/#.4*$ VXà®&#x2030;HULQJ IURP SRYHUW\ ,W DOVR KDVDVSHFLà®&#x160;FSURJUDPGHVLJQDW: #4$)&$%322&/)$%#D$6&/5#/%$(+$)"#$ (+43%)/*; 2#3"4546(.7+8-9/'#)(-/+:;$(%$.$ '"(-4/#+?%$ '"./()*$ 6"('"$ 0/.+)%$

ZLVKHV WR FKLOGUHQ VXà®&#x2030;HULQJ ,/&1$ -(,#$ )"/#.)#+(+0$ (--+#%%#%;$ H&/$#D.12-#7$(,$.$'"(-4$6(%"#4$)&$ 8#$ &+$ .$ !C$ %"&67$ =.5#:A:<(%"$ 6&3-4$ )/*$ )&$ 1.5#$ )".)$ ".22#+;$ J,$)"#(/$4/#.1$6.%$)&$0&$)&$I(%+: #*-.+47$=.5#:A:<(%"$6&3-4$%#+4$ )"#1$.+4$)"#(/$,.1(-*$)&$I(%+#*: -.+4;$Y.'"$6(%"$'&%)%$&+$.9#/.0#$ aS7QQQ$%&$6#$./#$"&2(+0$)&$0/.+)$ .)$-#.%)$)"/##$6(%"#%$)"(%$*#./K 8--'<=<>"$ %)./)#4$ .)$ L>YK$ J)$ ,&: '3%#%$ &+$ /#43'(+0$ ,&&4$ 2&9#/)*$ .+4$,&&4$6.%)#$.)$)"#$%.1#$)(1#;$ C&-3+)##/%$ ).5#$ %3/2-3%$ ,&&4$ ,/&1$ %32#/1./5#)%7$ '&&5$ ()$ (+$ 4&+.)#4$5()'"#+%7$.+4$%#/9#$()$)&$ )"&%#$(+$+##4;$

!"#/#?%$ .$ H&&4'*'-#$ %&'(#)*$ .)$ L>Y$ 6"&$ '.+$ 2/&9(4#$ *&3$ 6()"$ 1&/#$ (+,&/1.)(&+$ &+$ 9&-3+)##/: (+0$ &22&/)3+()(#%$ (,$ *&3$ 6&3-4$ -(5#$)&$0#)$(+9&-9#4; >&$"&6$'.+$*&3$"#-2$)"(%$6##5X$ /6(OLEUDU\DUHGRQDWLQJDOOà®&#x160;QHV 2.(4$ (+$ '.%"$ .)$ )"#$ "#-24#%5$ )&$ UAV;$ <#?9#$ 0&)$ %).--%$ .--$ 6##5$ 6()"$(+,&/1.)(&+$.+4$&22&/)3+(: )(#%$)&$4&+.)#;$<#$".9#$&3/$UAV$ 8.+47$ '&%)(+0$ &+-*$ aR$ 6"#/#$ 2/&'##4%$ 6(--$ 0&$ )&$ '"./()*;$ A+4$ )"#/#?%$%)(--$1&/#K$ &RPHDORQJWRRXUDFWLYLWLHVWKLV ZHHN $OVR PDNH VXUH WR FKHFN XVRXWDW )DFHERRNFRPOVHVXUDJ


Tuesday January 28 2014

the

22

Beaver

Features

INTERFAITH visit to the HOLY LAND

ciety, Catholic Society and Christian Union. The LSE Chaplain, Reverend James 6WXGHQWVWRRNSDUWLQૹUVW Walters, and the School 6HFUHWDU\ 6XVDQ 6FKRŕŽ&#x160;HOG ever LSE Interfaith trip to also joined the group. Israel and Palestine. While the itinerary largely This month, a group of 18 focused on the religious as/6( VWXGHQWV WRRN SDUW LQ pects of the region, there D ZHHNORQJ LQWHUIDLWK WULS were inevitably opportunito the Holy Land, in a visit ties to discuss and learn that has been described as about the political situation WKH ŕŽ&#x160;UVW RI LWâ&#x20AC;ŤÚ&#x2018;â&#x20AC;ŹV NLQG 7KH LQWKHFRQŕŽ&#x2039;LFWULGGHQDUHD delegation consisted of students from the LSEâ&#x20AC;&#x2122;s Most of the religious sites Islamic Society, Jewish So- visited were located in the Rayhan Uddin

cities of Jerusalem, Bethlehem, Nazareth and Tiberias.

the night with Palestinian Christian families in Bethlehem.

The sights included: the Church of the Holy Sepulchre, Masjid al-Aqsa, the Western Wall, the Church of the Nativity, the Sea of Galilee, the White Mosque and the Church of the Annunciation. Students also had the opportunity to spend an evening over dinner with Jewish families on Shabbat, and spend

There were also visits to Yad Vashem, the Holocaust memorial museum; Aida refugee camp in Bethlehem, Palestine; and the British Embassy in Tel Aviv. On the penultimate day, the group met with local young Israelis and Palestinians to listen to their experiences of engaging in dialogue in the region, and to discuss

Jack Palmer â&#x20AC;&#x153;It is a region and a topic on which everyone has an opinion â&#x20AC;&#x201C; and I questioned whether my LQDELOLW\ WR FRPH GRZQ ŕŽ&#x160;UPO\ on one side or the other was a failing of my own intellectual and explanatory powers. However, when I left the Holy /DQG DIWHU D ZHHN RI LQWHQVH learning, I was more confused

their hopes for peace in the future. All those who attended the trip are now LSE Interfaith Ambassadors, and their JRRG ZRUN GRHV QRW VWRS here. With the new Faith Centre opening this term, there have been, and will continue to be, plentiful opportunities to engage in Interfaith dialogue and put on exciting events throughout the year.

than ever. My compassion for all those I met, even those with whom I disagreed profoundly, dramatically increased. Which led me to realise that this trip was about opening my eyes to the inadequacy of the paradigm and narrative that we are presented with when we DUH DVNHG WR XQGHUVWDQG WKH VLWXDWLRQ LQ WKH +RO\ /DQGâ&#x20AC;ŤÚ&#x2022;â&#x20AC;Ź

With Father Gregory Collins of the Dormition Dormition Abbey

Ali Issa My time in the holy land was the best trip I have ever had in my life. I learnt VR PXFK DERXW GLŕŽ&#x2030;HUHQW UHOLJLRQV GLI ferent people and the potential for reconciliation. It gave me a sense of responsibility to display the beauty ZLWKLQ RXU GLŕŽ&#x2030;HUHQW UHOLJLRQV 'HVSLWH religion playing a part in the con-

ŕŽ&#x2039;LFW WKH WUDGLWLRQ ZRUVKLS DQG EH lief in God is what can ultimately heal wounds and let people live in peace. /6( HQFRXUDJHV XV WR WU\ DQG WDFNOH the worldâ&#x20AC;&#x2122;s problems and to become the future world leaders, but if ever there was a place in the world where foreign and domestic agents needed to heed the LSE motto itâ&#x20AC;&#x2122;s the Holy Land.

Hannah Billing

live in, having faith as a constant could A major point that stood out for me was be comforting and give someone the the Muslim students praying, without GULYHWRFDUU\RQ:KHQDVNHGKRZWKH\ fail, 5 times a day. Each time they put in found time to carry out this duty, the reMXVWDVPXFKHŕŽ&#x2030;RUWDQGWKHORRNRISHDFH ply of one was extremely powerful: â&#x20AC;&#x153;we they had whilst praying was inspiring. I GRQRWŕŽ&#x160;WRXUSUD\HUVDURXQGRXUOLYHV began to see how, in a world such as we ZH ŕŽ&#x160;W RXU OLYHV DURXQG RXU SUD\HUVâ&#x20AC;ŤÚ&#x2022;â&#x20AC;Ź 2

Ayah Meki , ZDV UHPLQGHG RI KRZ OXFN\ , actually was during the last few days when we were in BethleKHP $V , ZDONHG SDVW WKH UH FHSWLRQ GHVN LQ WKH +RO\ /DQG Trust, the receptionist stopped PH DQG DVNHG PH DERXW WKH LSE programme. After I explained about our interfaith WULSKHDVNHGPHZKHWKHU,KDG the opportunity to visit Al Aqsa Mosque, to which I replied 'of FRXUVH , KDYH  +H WKHQ ORRNHG at me and said 'I was born in Bethlehem and have been living here all my life, all I have want-

ed to do is visit the mosque... I have applied to cross the border 6 times but each time my application has been rejected, SOHDVH PDNH GXD SUD\HU  WKDW I am able to visit one day'. This UHDOO\ JRW WR PH 'HVSLWH RXU hugely positive experience, it made me realise how difficult the political situation actually is. Meeting the people we met gives me hope that the situation can improve through the building of relationships and recognising the similarities between WKHGLŕŽ&#x2030;HUHQWIDLWKVUDWKHUWKDQ IRFXVLQJ RQ WKH GLŕŽ&#x2030;HUHQFHV


the

Beaver

23

Tuesday January 28 2014

Features The Feature Interview: Nigel Farage UKIP leader Nigel Farage appeared at LSE this week. The Beaver’s Liam Hill caught up with him. Nigel Farage has been a Member of the European Parliament (MEP) since 1999. He was elected leader of the UKIP in 2010, having previously served in the same post from 2006 to 2009. We know you wouldn’t work with David Cameron. Who at Westminster might you work with? Tory backbenchers aiming to leave the EU? Michael Gove, who said he would vote no? I would work with any decent person who genuinely wanted to get a referendum on the EU be they Tory, Labour Lib Dem or others so long as they were not extremist. Not that I would anticipate any Lib Dems to want a referendum as they change their policy each time the issue comes up! But there are some MPs from Labour as well as Tories who want a free and fair referendum. But that won’t happen under Cameron, so these European Elections can be our spring board to a 2015 General Election campaign where we will be targeting seats to build those bridgeheads into Westminster.

“A free and fair referendum won’t happen under David Cameron” You’ve said that women LQ ૽QDQFLDO VHUYLFHV VXૼHU disadvantage if they have children. Should UKIP not treat this as an injustice WR EH UHFWL૽HG UDWKHU WKDQ merely an unfortunate truth? I was answering a question - something I know is rare amongst politicians these days - and it is my belief that particularly with the large American multi-nationals that women are paid the same as men for doing the same job. My point was that anyone who takes time away from a job where contacts are essential lose some of their revenue making ability when they come straight back from work. If you haven’t been in touch with clients when you’ve been away, regardless if that is due to maternity leave or a sabbatical, you won’t be able to jump straight back in at the level you were because someone else has taken over those clients and you have to get to grips with new business. I don’t think it’s an injustice

that women might choose to stay at home and take primary childcare responsibilities but I do believe that increasingly there are more men who will take that role and I hope then that we will see the income GLஉHUHQFHEDODQFHRXW UKIP want drastically lower taxes and a falling national debt. Will you not have to cut schools and the NHS to achieve this? The reason parties always talk about schools and hospitals in election time is because they’re just about all MPs have left to govern. There are billions of pounds to be made across government departments - QUANGOS and the EU are just two areas - and for the 2015 election we will have a manifesto with policies which have been costed and peer reviewed. The Labour Party wants the OBR to make a judgment on their tax and spending proposals to give them credibility. If Labour is allowed, would UKIP do the same? We will have our spending proposals peer reviewed, yes. UKIP want to reduce the burden of regulation on small businesses. Will \RX GR WKLV E\ VDFUL૽FLQJ British workers’ rights? The main problem with the burden of regulation which comes from the EU in its majority is that it’s a ‘one size ஊWVDOO‫ڑ‬ZKLFKLQUHDOLW\PHDQV ‫ڐ‬WKHVHUXOHVZLOOEHQHஊWELJ business’. Any A-Level economics student can tell you that the best market position to aim for is perfect competition which can only happen if you have no barriers to entry. Now obviously this is a theoretical economic ideal but the point still stands: if you have high barriers to entry which distort competition in markets, be that the labour market or the production of rugs, you will make life very tough for the small companies and the start ups. We often get, mainly from the left, this reaction that a reduction in employment legislation means abolishing the 10 hour rule

or sending children back up chimneys. It’s nothing of the sort. It’s about providing the opportunities for jobs to be FUHDWHGLQWKHஊUVWSODFH

“The reason parties always talk about schools and hospitals in election time is because they’re all MPs have left to govern” On health, your spokesman John Stanley says he wants to allow people requiring non-urgent treatment who are willing to pay to be allowed to jump the queue? Do you support this? It is a policy proposal that certainly has not been adopted. It’s not something I’m focused on right now because this is the campaign for a European Election not a Gen-

eral Election. We have various H[SHUWV LQ WKHLU ஊHOGV DQG IR rums that generate policy ideas from which we adopt only a very small amount.

What we did not want is for any religion to be forced to conduct ceremonies which goes against their beliefs. Tolerance is a two way street.

What would you say to those who believe that UKIP views cutting immigration as a panacea that would solve all of Britain’s problems, when really the task is far more complex?

How will you solve a problem of extremist views in the party next time someone like David Silvester - who linked sameVH[ PDUULDJH WR ૾RRGLQJ  crops up?

Of course the task is far more complex but immigration is one of the biggest political issues of the 21st century so it is important it must be addressed. With an ageing population too one of the greatest challenges this country will face is how to care for and accommodate its fast growing SRSXODWLRQZLWKRXWVXஉHULQJD decline in living standards.

David Silvester’s opinion was based on his understanding of the Bible. Would you call the Bible extremist? We must be careful to be tolerant of other religions and cultures. No one in UKIP will ever be thrown out for holding peaceful religious views. But people who use the party for their own hobby horses which go against the policies and views of the party will be dealt with through the legal routes available to the party.

Is UKIP’s opposition to same-sex-marriage an opportunistic move to win Tory votes? No. The proposed legislation did not appear in the manifestos so there was no mandate for it. We believe there were better priorities for the government to be doing. We are not opposed to gay rights and supported civil partnerships and changes which allowed the legal rights such as inheritance and the right not to be forced to give evidence against a partner to be extended.

“David Silvester’s opinion was based on his understanding of the Bible. Is the Bible extremist?” What will you do if the three parties hold election debates without you? The world of the internet and social media has stopped the strangle hold that the mainstream media had on debate and political discussion. Thus, we have proposed live streaming an internet based platform for comment at the same time as the debates. If you did end up in government, what would be your ‘red lines’ in coalition negotiation? A free and fair referendum on the EU and a reduction in this bloated state.


!"#

24

!"#$%&'()&*"&+'(,-(,./0

!"#$"%

!"#$%&"' 0&#)1&2/$324'5%6,1*2','()6'7%18$&9':;-#;1)< !3#( %#&23( 7A( &( ,/F'#&+F 7>%( 5*2#+*( &2( d&*C( 7A( J:#+5?&( M#++5>>( e'*?3( >&$2( J"8"$2( 3&$( 4+7"832( 5*2#+*&257*&>( &22#*F 257*( 27( 23#( >7*8( 37"+$( &*%( %#F :&*%5*8( 67+C5*8( ?7*%5257*$( A7+( 5*2#+*$( 5*( A5*&*?5&>( 5*$25F 2"257*$<( !#+:$( >5C#( 23#( fM&85?( [7"*%&47"2_( 2+588#+#%( +#&?F 257*$( 7A( $"+B+5$#( &*%( %5$%&5*( 5*( 8>74&>( :#%5&<( J( O5*&*?5&>( !5:#$( +#&%#+( B7>>( B"4>5$3#%( >&$2( b"*%&'( +#@#&>#%( 23&2( c"$2( 7@#+( 3&>A( 7A( 23#( $"+@#'#%( A5F *&*?5&>( $#+@5?#$( #:B>7'##$( 4#26##*( /-( &*%( ,V( '#&+$( 7A( &8#(67+C(:7+#(23&*(g.(37"+$(&( 6##CG(&(:&c7+52'(7A(23#:(65$3F 5*8(A7+(235$(27(?3&*8#< !3#$#( 37B#$( $##:( 27( 3&@#( 4##*( 3#&+%<( J$( &( +#&?257*( 27( 23#( 2+&85?( 7??"++#*?#( 5*( J"F 8"$2G( 237+7"83( 5*@#$258&257*$( 5*27(4&*C$_(67+C5*8(?7*%5257*$( 3&@#( 4##*( :&%#G( &*%( ?7:B&F *5#$(6#+#(A7+?#%(27(+#F#@&>"&2#( 23#5+(#PB#?2&257*$<(T&+>5#+(235$(

)&*"&+'( \7>%:&*( b&?3$G( )]( M7+8&*G(d&*C(7A(J:#+5?&(M#+F +5>>( e'*?3( &*%( H+#%52( b"5$$#( 3&@#( &**7"*?#%( B7>5?'( ?3&*8F #$( +#8&+%5*8( 23#( 67+C5*8( ?7*F %5257*$( 7A( 5*2#+*$( &*%( >7*8F 2#+:( #:B>7'##$<( H525( \+7"B( &*%(Y#"2$?3#(d&*C(:&%#($5:5F >&+(%#?>&+&257*$(>&$2(6##C< 1*( &*( 5*2#+*&>( $2&2#:#*2( @5#6#%( 4'( [#"2#+$G( d&*C( 7A( J:#+5?&( M#++5>>( e'*?3( B"4F >5$3#%( &( *#6( B7>5?'( B>&*( &?F ?7+%5*8( 27( 635?3( #@#+'( #:F B>7'##G( &$( 6#>>( &$( #@#+'( $"::#+( 5*2#+*G( 5$( +#Z"5+#%( 27( 2&C#( A7"+( 6##C#*%( %&'$( 7AA( #&?3( :7*23<( J*'( #P?#B257*$( 65>>( 3&@#( 27( 4#( &BB+7@#%( 4'( &( $"B#+@5$7+<(!3#(4&*C(&>$7(&5:$( 27(5:B+7@#(:#*27+5*8(&*%(?&+#( $2+"?2"+#$( A7+( 5*2#+*$G( &$( 6#>>( &$( 27( $2+#*823#*( 23#( +#$B7*$5F 45>52'(7A(23#(N":&*([#$7"+?#$( %#B&+2:#*2< H3&*8#( 65>>( *72( ?7:#( 7@#+( *5832<( a@#+( 23#( >&$2( %#?&%#$G( 23#( A5*&*?5&>( $#+@5?#$( 5*%"$2+'( 3&$( A7$2#+#%( &( ?">2"+#( 7A( 3583(

$2+#$$( &*%( 3583( B#+A7+:&*?#G( A7?"$5*8( +#?+"52:#*2( 7*( 237$#( 65>>5*8( &*%( &4>#( 27( ?7B#( 6523( 52$( %#:&*%$<( T$B#?5&>>'( 5*( 23#( #&+>'( ?&+##+( $2&8#$( #P?#B257*F &>>'( >7*8( 67+C5*8( 6##C$( &+#( &??#B2#%( 6523( 23#( 37B#( A7+( $65A2(B+7:7257*<(H&$#$(7A(:#*F 2&>( &*%( B3'$5?&>( 7@#+$2+&5*( 7*( 23#(c74(6#+#(A7+(23#(:7$2(B&+2( $"??#$$A">>'( $6#B2( "*%#+( 23#( +"8(F("*25>(>&$2($"::#+< 1*( 5*2#+@5#6$( 6523( 23#( O5F *&*?5&>(!5:#$G(4&*C#+$(#PB+#$$( %7"42$(23&2(B7>5?'(2+&*$A7+:&F 257*$( 65>>( 3&@#( 5:B&?2$( 5*( 23#( *#&+(A"2"+#<(J($#*57+(#:B>7'##( &2( &( T"+7B#&*( 4&*C( #PB>&5*#%( 963&2( 6&$( +#&>>'( *##%#%( 6&$( &( ?3&*8#( 5*( 23#( :#*2&>52'( 7A( 2"+*5*8( >7*8( 37"+$( 5*27( &( +52#( 7A( B&$$&8#( 63#+#( c"*57+( 4&*CF #+$( 6#+#( 7A2#*( 4#5*8( &$C#%( 27( %7( :#&*5*8>#$$( 2&$C$<;( M&*'( 5*2#+*$( $3&+#( $27+5#$( 7A( 4#5*8( 85@#*( A"25>#( ?37+#$( &2( 67+CG( #$B#?5&>>'( &$( :&+C#2$( ?&>:#%( %76*( 276&+%$( 23#( #@#*5*8G( :&C5*8( 23#:( $2&'( &2( 23#( 7AA5?F

!"#$%##&$'($()*+#,.: 1.$[FFRQ . !EF$GHIJFK$LM$ WEPVUKFG$FGKLVVFU$

!EF$GHIJFK$LM$ BNIJLKOEPGPQ$RFST$ LHTQPUF$N$*PNIP$ SLVPWF$QTNTPLG$ NMTFK$XHQTPG$+PFD JFKYQ$NKKFQT$MLK$ QSFFUPGO$ NGU$UKPGR$UKPZPGO

NT$N$GF[V]$LSFGFU$ MKFF$QWELLV$PG$ [LVZFKENISTLG

#$( >7*8#+( 23&*( *#?#$$&+'( &*%( #AA5?5#*2<( TP#?"25*8( 235$( $35A2( A+7:( B#+$B5+5*8( 27( 5*$B5+5*8G( 27F 6&+%$( &( :7+#( B+7%"?25@#( "$#( 7A( #:B>7'##( 25:#G( 2&C#$( :7+#( 23&*(&(?7"B>#(7A(?3&*8#$(5*(5*F 2#+*&>( B7>5?'<( J( *#6( 67+C5*8( ?">2"+#(5$(63&2(5$(*##%#%< d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

./01

?3&*?#( 27( +#&>>'( 8#2( 5*@7>@#%( 5*( 5**7@&25@#( @&>"#( ?+#&257*( h( 6523(+#&$7*&4>#(67+C(37"+$< b5:5>&+>'( B7B">&+( &:7*8( 5*2#+*$( &+#( ?7*$">25*8( &*%( >&6( A5+:$G( 7+8&*5$&257*$( &>$7( C*76*( A7+( &>>F*5832#+$( &*%( &( $2+#$$A">( 67+C( #*@5+7*:#*2<( M7$2( e7*%7*( 4&$#%( >&6( A5+:$( &$C#%( 4'( 23#( O5*&*?5&>( !5:#$( %5%( *72( ?7*A5+:( &*'( B>&*$( A7+( B72#*25&>>'( ?3&*85*8( ?7*%5F 257*$< 12( $25>>( $##:$( 27( 4#( 65%#>'( &??#B2#%(23&2(&:45257"$('7"*8( B+7A#$$57*&>$( 5*( :&*'( 5*%"$F 2+5#$( 3&@#( 27( &%&B2( 27( &( A&$2F B&?#%( 67+C( $?3#%">#( &*%( 23#( +"*( A7+( 5*2#+*$35B$( &*%( B>&?#F :#*2$( $376$( 23&2( 23#( 65>>5*8F *#$$( 27( %7( $7( 5$( 65%#$B+#&%<( d"2( 63&2( 3&$( &>$7( 4#?7:#( ?>#&+#+( 23&*( #@#+( 5*( 23#( B&$2( $5P( :7*23$( 5$( 23&2( ?7:B&*5#$( *##%( 27( &??#B2( :7+#( +#$B7*F $545>52'( A7+( 23#5+( #:B>7'##$_( 6#>>4#5*8<( =35>#( &( ?3&*8#( 5*( c74($2+"?2"+#(&*%(#PB#?2&257*$( :&'( 2&C#( &( >7*8( 25:#( 27( $376(

C$

)&,2('2($7'!'#-$'($%"'7"$2!$

!"#$,2!'3$34$-5,'2($ B#2-!$3(#$63A#,(*#(!$+)'B9'(6$'-$ ,#4)6##-$277#8!#9$$+5$ )(9#,$!"#$73(!,3B$34$8,3D#),38#$ 8,3!#-!#,6#,*2(5$!3$+,'!2'($'($ .:1. TEF$VFGOTE$LM$TEF$\NPV$ QFGTFGWF$OPZFG$TL$ 'QNJFVVN$-LKVF]$MLK$ QFGUPGO$TEKFNTFGPGO$ T[FFTQ$TL$N$MFIPGPQT$ WNISNPOGFK !"#$288,3@'*2!#$2*3)(!$299#9$!3$ )&$63A#,(*#(!$9#+!$'($!"#$B2-!$%##&

!;<1.=<:.><;/?

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

&+#( ?7*@5*?#%( 23&2( :#*2&>( 3#&>23($#+@5?#$(&+#(:7$2(>5C#>'( 27( A&?#( 4"%8#2$( ?"2$( A7+( A"*%F 5*8<( J*%(*76(23#(B+74>#:$($"+F +7"*%5*8(:#*2&>(3#&>23(&+#(5*( A"+23#+( 2#*$57*G( #P&?#+4&2#%( 4'( !3#( \"&+%5&*_$( +#?#*2( &+F 25?>#( 7*( 23#( 1*2#+*#2_$( 927P5?( ?>5:&2#;G(635?3(6&+*$(7A(%&*F 8#+$( 23&2( ?35>%+#*( &*%( '7"*8( B#7B>#(A&?#(7*(23#(67+>%(65%#( 6#4G(63#+#(&*P5#2'G(?'4#+F4">F >'5*8G( &*%( B##+( B+#$$"+#( &+#( 8+765*8( ?7*?#+*$<( !3#( ,0`SG( 7*>5*#G(B&+25?5B&27+'(?">2"+#(5$( +#B7+2#%( 27( 5*2#*$5A'( A##>5*8$( 7A(A&5>"+#G(%#B+#$$57*G(&*%($2&F 2"$(&*P5#2'(5*('7"*8$2#+$<(!3#( 5$$"#( 5$( 23&2( 5A( '7"*8( B#7B>#( A&5>( 27( &??#$$( 3#>B( &*%( 2+#&2F :#*2( 63#*( 23#'( *##%( 52G( 23#( +5$C$( &$$7?5&2#%( 6523( :#*2&>(

3#&>23( 5>>*#$$#$( 65>>( 5*?+#&$#G( :&C5*8( 52( #@#*( :7+#( %5AA5?">2( 27( &>>#@5&2#( B+74>#:$( 6523( :#*2&>(3#&>23(5*(23#(A"2"+#< !3#+#( 5$( *7( %#*'5*8( 23&2( ?&:B&58*$(A7+(5*?+#&$#%(A"*%F 5*8(5*(:#*2&>(3#&>23(3&$(8&23F #+#%( B&?#( 5*( +#?#*2( '#&+$<( !3#( >744'5*8( 4'( ?3&+525#$( &*%( D\a$G( ?7"B>#%( 6523( 23#( B+5F 7+525$&257*( 7A( :#*2&>( 3#&>23( 2+#&2:#*2( 5*( +#?#*2( ?7&>5257*( %5$?"$$57*$G( $"88#$2( 23&2( 23#( A"2"+#( A7+( :#*2&>( 3#&>23( %#F @#>7B:#*2( 65>>( 4#( ?7*$5%#+F &4>'( >#$$( A"25>#<( O7+( #P&:B>#G( 5*( 35$( +#?#*2( %5$?"$$57*( 7*( 23#(DNb_(2+#&2:#*2(7A(:#*2&>( 3#&>23( B&25#*2$G( D5?C( H>#88( "+8#%( &>>( B&+25#$( 5*( 23#( B"4F >5?( $B3#+#( 27( $27B( $2#+#72'BF 5*8<( H>#88( &+8"#$G( 952( 5$( c"$2( B>&5*( 6+7*8( 27( 2+#&2( :#*2&>(

3#&>23( &$( 23#( B77+( ?7"$5*( 27( B3'$5?&>( 3#&>23( 5*( 23#( DNb;G( 4#A7+#( &%%5*8( 23&2( B&25#*2$( 6523( :#*2&>( 5>>*#$$#$( 7"832( 27( 3&@#( 23#( $&:#( >#8&>( +5832$( &$( 237$#( 6523( B3'$5?&>( ?7*%5F 257*$( 27( ?377$#( 63#+#( 23#'( 87( A7+( ?&+#<( H>#88_$( B+7B7$&>( ?7*A+7*2$( 23#( 5$$"#( 7A( :#*F 2&>( 3#&>23( A"*%5*8G( 63#+#( 3#( B+7:72#$( 23#( *##%( A7+( *#6#+( $2&*%&+%$( 7*( 23#( &??#$$545>52'( 7A(:#*2&>(3#&>23($#+@5?#$< a*( 27B( 7A( +#@#+$5*8( 7"+( $258:&25$5*8( @5#6$( 7*( :#*2&>( 3#&>23G( 63&2( 5$( "+8#*2>'( +#F Z"5+#%G( 23#+#A7+#G( 5$( &( >7*8F 2#+:G( *&257*F65%#( #AA7+2( 4'( B7>5?'F:&C#+$G( \]$G( &*%( *&F 257*&>( 7+8&*5$&257*$( &>5C#( 27( &AA#?2( &*%( #AA#?2( ?3&*8#G( &*%( 23#+#( 5$( *7( %7"42( 23&2( 23#( KL( 65>>(4#(5*(*##%(7A(235$<


!"#

!"#$"%

25

!"#$%&'()&*"&+'(,-(,./0

!"#$%&'(&#)&*+, +-./0)-

1'2"#34-5060#70$')3")082'8.9

!"#$%&

$%&'#(#)!*'+),'-.**/0'1'2).3'*.4#!"/)-'/*'-./)-'.)5'&4+/6'7*8

+#.2%&+-./0)-&A0)-$0B& C'$0&3"90&1033&'.-&1-.D /0)-&20)-$0 E#%30%&:'F1&

, ஊ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ஊWV IURP D L#*"#( $";4( &$( 34#( 2*#( :*( 34#(7&5(75##(Y2;K(R#*3+#G( 34:$( $42"D%( *23( 4&L#( F##*( &;4:#L#%(32(34#(%#3+:C#*3(2B( 678( $3"%#*3$( &$( 4&EE#*#%( 2*(34#(:*&"<"+&D(\7&";'(Z+:> %&'I@([4'(*23(N"$3(C&K#(34#( #L#*3(678(2*D'W(7"+#D'((B2+( 2E#*:*<(*:<43(&3(D#&$3@

!4#( 2E#*:*<( *:<43( 2B( \!4#( ?#*"#I( $42"D%( 4&L#( F##*( &( ;#D#F+&3:2*( B2+( 678( $3"> %#*3$@( U2( C2+#( $5#&3'G( E&;K#%G( $;422D( %:$;2>#$="#( R+"$4X( ]"3( &$( &( +#ED&;#> C#*3(32(34:$G(5#(4&L#(F##*( RஉHUHG DQRWKHU FRUSRUDWH $3"%#*3(*:<43(2"3G(&D2*<(34#( $&C#( D:*#$( &$( #L#+'( 234#+( $3"%#*3(*:<43(F'(E+2C23:2*( ;2CE&*:#$(:*(62*%2*@(A#$$:> C:$C(&F2"3(\7&";'(Z+:%&'$I( :$(*25(4:<4G(&*%(+:<43D'($2@( /HD஋HWVGLVWULEXWHGLQKDOOV 4&L#(*2(C#*3:2*(2B(425(34:$( :$( &*( 678( *:<43( 2"3^( 54#+#( :$( 34#( E+:%#( :*( 2"+( 678( *&C#W 7&";'(Z+:%&'$(*##%$(32(<#3( :3$( &;3( 32<#34#+( :B( :3( 5&*3$( 32( ;2CE#3#( B2+( 678( $3"> %#*3$I(Z+:%&'(*:<43(;"$32C@( $ JRRG ஊUVW LPSUHVVLRQ RI &( ;D"F( :$( K#'G( &*%( "*B2+3"> *&3#D'(7&";'(Z+:%&'$(B&:D#%( 32(%#D:L#+(32(C&*'(678($3"> %#*3$(2*(34:$@(U2(C#*3:2*(2B( 34#(OHT(]&33D#(2B(Y&DD$(5&$( PDGH RQ WKH OHD஋HW DGYHU> 3:$:*<( 7&";'( Z+:%&'$( 34&3( 5&$($D:EE#%("*%#+(C'(%22+^( :3($##C$(678(:$(B2;"$:*<(322( C";4( 2*( &33+&;3:*<( 2"3$:%> #+$( 32( 7&";'( Z+:%&'$G( &*%( *23(#*2"<4(2*(+#3&:*:*<(:3$( C2$3(:CE2+3&*3(;D:#*3(F&$#(>( 678($3"%#*3$@

JOKE CORNER!! 72C#2*#(*#5(32(678(&$K$V(72G(54&3I$(34:$(HR(34:*<( &*'5&'WW !4:+%( '#&+( 678( $3"%#*3V( J3I$( 34#( H9@@@34#'( 5:$4( 34#'(5#+#(&$(;22D(&$(HRX(

E#1&*+,&H'-&-#30)-B 5$*‫ڑ‬V *RW 7DOHQW JRW 5$* ZHHN Rஉ WR D FUDFNLQJ VWDUW )ROORZLQJ RQ IURP DXGLWLRQV LQ ZHHN  WKH VHPL ஊQDOLVWV E+2L:%#%($2C#(="&D:3'(E#+B2+C&*;#$(54:;4(5#+#(#*N2'#%( F'( &DD@( !4#( 7&5( 75##( Y2;K( ;#*3+#( E+2L:%#%( 34#( E#+B#;3( F&;K<+2"*%(32(34#(#L#*:*<@(U25(5#(N"$3(4&L#(32(5&:3(B2+( WKH‫ڐ‬VWDUVWXGGHG‫ڑ‬ஊQDOZKLFKVKRXOGEHVRPHWKLQJWREH> 42D%@(

+#;&+;00&<'29&=#)/&>#??@ >#1G0$&E0091

12*%&'( ,.34( $&5( 67879( 1"$:;(72;:#3'(<#3(&;="&:*3> #%( 5:34( 34#( 67879( ?#*"#@( A#+B2+C#+$( :*;D"%#%( &( ;2"> ED#( 2B( F&*%$G( &( B#5( $:*<> #+$( 5:34( <":3&+$( &*%( 34#( H;&EE#D678$( <:+D$I( ;42:+@( J*( K##E:*<( 5:34( 34#( ;"+> +#*3( B&$4:2*G( 1"$:;( 72;:> #3'(%#D&'#%(34#($3&+3(2B(34#(

#L#*3G(;422$:*<(32(ED&'(5:34( &( 54##D;4&:+( D:B3( :*$3#&%@( M*;#(34#(C"$:;($3&+3#%(&*%( 34#(F&+(3&F(%:$&EE#&+#%(&*( #*N2'&FD#( #L#*:*<( 5&$( 4&%( F'( &DD@( O"C2"+$( P&**'( HD> #Q&*%#+( 5&$( B2"*%( 5:34( &( E:3;4#+( 2B( R2F+&( F##+( :*( 34#( <+##*( +22C( $425> #+( &+#( "*3+"#G( :3( 5&$( N"$3( &( F#&K#+@( A4:D2$2E4'( %#> E&+3C#*3( F&*%( R+:3:="#( 2B(

A"+#( O4'34C( S( *23( 32( F#( 2"3( %2*#( F'( &( 423( $3#EE:*<( !2C( 1#&%#*( S( 5#+#( 34#( 4:<4D:<43( 2B( 34#( *:<43G( 5:34( &*( :*L:<2+&3:*<( +#*%:3:2*( 2B( ?&*( 12++:$2*I$( TD2+:&( 34#( E:;K( 2B( 34#:+( $#3@( 7:*;#( 7&";'( :$*I3( 52+K:*<G( 5#( D22K(B2+5&+%(32(*#Q3(5##KI$( +#3"+*(2B(1"$:;(U:<43(!"#$> %&'$(:*(34#(!"*$@(

Amelia-Jane

Crishna Simmons

*+,&:;00-1


,/1

23

04&

5

!"#$%$&$'()!*+"

!*,$')-./0

123$(4&+%(25(6#(7+8287&9(5:(12&9';(!4#(:#<(28=#$( 13>#(>8$82#%?(82(4&$(6##*(5"2$2&*%8*@?(2+"9'(@+#&2;( A8245"2(6#8*@(:&7#285"$(5+($'75B4&*287?(823$(&(+#C &99'(*87#(75"*2+';(D'(:&=89'(&*%(1(<#*2(25(E5=#( ODVWZLQWHUUHYLVLWLQJWKHFLW\,роК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роКQDOO\ JRW FOHDUHG IRU #*2+'(8*25(24#(&*78#*2(782';(1*(&(:#<(45"+$(1(4&%( =&%#(82(25(24#(782';(1(&++8>#%(&2(24#(452#9?(255H(&( I"87H(*&B(24#*(4#&%#%(5"2(:5+(%8**#+(<824(24#( :&=89'; (

A4#*(L*@98$4(B#5B9#($&'(24#'(7&*(755H(:55%( 24#'(%5*32(=#&*(<4&2(12&98&*$(=#&*(<4#*(24#'( $&'(24#'(7&*(755H(:55%;(12&98&*$(=#&*(24#'(7&*( 755H(:55%;(G*(L*@98$4(B#+$5*(<5"9%(6#(4&BB'(25( $#+>#("B(+&<(6&+H(&*%(7&99(82($B&@4#228;(M"+($"C B#+=&+H#2$(%5(82(&99(24#(28=#;()&=8#(M98>#+(2+8#$( 25(%5(248$?(6"2(&72"&99'(5:2#*(=&H#$(82(<5+$#(6'( &%%8*@(48$(5<*($2+&*@#(68N&++#(2<8$2$?($"74(&$( &%%8*@( B8*#( *"2$( 5+( +4"6&+6( 5+( <4&2#>#+( #9$#( KHFDQроКQGLQKLVRUJDQLFIDLUWUDGHIUHHUDQJH B+8>&2#9'(#%"7&2#%(@&+%#*;

&'()'*+( !"#$%&&' ()*+,-.$/01234

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роЙ WKH EHDWHQ WUDFN DQG роКQG VRPH OHVVHU H*5<*(#$2&698$4=#*2$?(823$(&(B+#22'($&:#(6#2(24&2( \RX ZLOO роК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роЙLFXOWWRроКQGDQGLWVORFDWLRQLVUHC &99'( 5*9'( %8$7#+*&69#( 6'( 24#( $<&+=$( 5:( B#5B9#( %+&<*( 6'( &( 6"89%8*@3$3( +#B"2&285*;( P5==8$C $85*#%( 6'( 24#( @+#&2( @#*#+&9( D&+7"$( G@+8BB&( %"+8*@(24#($2&+2(5:(24#(L=B8+#?(24#(T&*24#5*(8$(&( =&+>#9(:5+(#>#+'5*#?(8*79"%8*@(79&$$878$2$?(P&24C ROLFV SDJDQV DQG WRXULVWV :KHQ , роКUVW YLVLWHG 24#(T&*24#5*(F('#&+$(&@5(1(245"@42(5:(82(=5+#(&$( &(48$25+'(9#$$5*;(1(95>#%(24#(E5=&*$(&2($74559S( 24#(48$25+'?(24#(<&+$?(24#(@+#&2(=#*(&*%(<5=#*?( &*%(1(248*H(1(>8$82#%(24#$#(&*78#*2(+"8*$(8*(248$(

!"#$"% Kuster & Wildhaber

!"#$%&

,./0

!"#$%&'()&*"&+'(,-(,./0

!"#

26

:+&=#(5:(=8*%;(!4&2(<&$(F('#&+$(&@5;(!48$(28=#(1( <&$(=5+#(&BB+#78&28>#;(U#$$(248*H8*@(&*%(=5+#( #*J5'8*@;(1(J"$2($2&+#%(&*%(:#92(24#(8*#OB987&69#( "28982'( '5"( @#2( :+5=( $8@42$##8*@?( 245"@4( $8@42C $##8*@(8$(&(<5+%(24&2(%5#$(8*J"$287#(25(24#(@+#&2( &+7482#72"+#(5:(E5=#?(&99(24#(2#=B9#$?(74"+74#$?( KLOOV DQG роК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

Photos by Robin Park

Q55%(&*%(P9524#$(Z+8># 7KH 3DYHPHQW 3HUVSHFWLYH LV D VKRUW роКOP &65"2?( &*%( :5+?( U5*%5*3$( 45=#9#$$( <4874( ]G(!45"$&*%(P+&*#$3(M+8@&=8(X#$$85* 4&$(6##*(B+5%"7#%(6'(Q+&*H8#(K#**#22(&*%( /0%&' (' 1#-.2324' 5-6#' 78-9' 89##' :;<=' роКOPHGE\&DWFK3URGXFWLRQV 5#2!.#>

)"$2( #=&89( '5"+( *&=#( 25( 24#B&>#=#*2B#+C P4&=6#+(D"$87(P5*7#+2( $B#728>#^@=&89;75=( 25( 6#( &%%#%( 25( 24#( HIJK%&'('8"-9'13L.-.D UXL(XY(Z+&=&(X578#2'(&*%(L>#+822(T+5%"7C @"#$98$2;( 285*$(B+#$#*2(KUGX!LZ(6'(X&+&4([&*#( K'(UXL(XY(D"$87(X578#2'(C(\,(=#=6#+$(&*%( $%&'('')*+',"#-!.# \`(*5*C=#=6#+$ %*,5*+,-.$/06234 \0(:5+(*5*C=#=6#+$(&*%(\,(:5+(=#=6#+$ UXLCXMGXC[8*@$(T4Z(X578&9(L>#*2 ]G(!45"$&*%(P+&*#$3(M+8@&=8(X#$$85* H%&'('M234"!C',#A@*-.'%FL ]G(!45"$&*%(P+&*#$3(M+8@&=8(X#$$85* /0%&' (' 1#-.2324' 5-6#' 78-9' 89##' :;<=' /0%&' (' 1#-.2324' 5-6#' 78-9' 89##' :;<=' 5#2!.#> :7;,-.$/8<+24 5#2!.#> E5<&245*(<824(24#(E5<8*@(X578#2' 5HPHPEHUWRSD\\RXUOLEUDU\роКQHVDVWKH\ W59"*2##+8*@(P#*2+#(8*:5($#$$85* <899(@5(25(EG_ P599#7285*$( 8*( D+( UXL( &*%( !5"@4( _"'( X&9$&(<824(24#(X&9$&(X578#2' G<&+%$ G99( =5*#'( +&8$#%( 8*( EG_( <##H( <899( @5( 25a( D&H#CGCA8$4( Q5"*%&285*( Y[?( XB8+#$?( &*%( !4#(T&>#=#*2(T#+$B#728>#(C(Q8+$2(X7+##*8*@ (3)7+,-.$/89234 Q55%7'79#; ?@A'('BA2#C!D'E2!#.2-!3;2-*':FA-2'G34"!C' B<!3;2'5#2!.#'32'8";.#+3!<"' W8$82(:+5=(XB8+#$


!"#

!"#$"%

27

!"#$%&'()&*"&+'(,-(,./0

!"#$%&

!"#$%"&'()*+$,-$.$/0-1$2)'$&3&'#$4%5$-106&71 8/&(,.$9")/-)7

6KHUORFN +ROPHV WKH OLWHUDU\ ஊ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ૹFWLRQ KDV PDQDJHG DQG VWLOO PDQDJHV WR FUHDWH VXFK IHUYRXU RYHU VR PDQ\ \HDUV" :KDW LW LV DERXW 6KHUORFN WKDWPDNHVKLPLUUHVLVWLEOH"

=#$E32#( 2;3$( +#?32( 4*( ;4>( 9;#+547G( 8#;&B#$( &*%( 3$( E#+7#3B#%( 3*( 2;#( E"81 537( #'#( 2;#( B&+34"$( +#3*7&+*&234*$( 842;( 2#5#B3$#%( &*%( 73*#?&237( 4A( 2;#( 7;&+&71 WHU KDYH EHHQ ZLGHO\ GLஉHUHQW %DVLO S&2;84*#P$(E4+2+&'&5(4A(9;#+547G(3*(2;#(  ஊ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ஊUH EXW PDGH 3?E4+2&*2( 3$$"#$( A+4*2( E&6#( *#>$C( L4+( #H&?E5#( 2;#( $"66#$234*( 4A( &( 6&'( +#5&1 234*$;3E(8#2>##*(2>4(7;&+&72#+$(3*(2;#( $;4>( OI( %4( *42( >&*2( 24( 63B#( $E435#+$(

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

<&*.0-&$=>/$".??# 4)0,-$:)71&;&(()

Z;&++#55( N3553&?$( ?&'( 8#( $3223*6( UK&EE'P( &2( 2;#( $"?1 ?32( 4A( 2;#( [\( 24E( 0.( &$( 2;3$( >##GP$( J#&B#+( 64#$( 24( E+#$$C( K4>#B#+( 2;#( ?4*2;( 4A( )&*"1 &+'( 3$( 74*B#*234*&55'( $##*( &$( &( 23?#( >;#+#( ;3$( U&( +44?( >32;4"2( &( +44A P( E;354$4E;'( 3$( @"$2( 3?E+&7237&5C( N32;( 2;#( >4+G54&%( E37G3*6( 8&7G( "E( &*%(&*(#*%5#$$($2+#&?(4A(+&3*( E4"+3*6( 4B#+( &( +&2;#+( %&?E( $E3+32#%(R4*%4*D(32(+#&55'(%4#$( &EE#&+( &2( A3+$2( 65&*7#( 2;&2( 32( 3$(%3AA37"52(24(8#(&*'2;3*6(8"2( 85#&G( &*%( E#$$3?3$237( &2( 2;3$( 23?#(4A('#&+C J"2( 3$( 32( @"$2( 3*( 2;#( ?4*2;( 4A( )&*"&+'( 2;&2( J+32$( 2#*%( 24( 8#("*;&EE'X(]#*#+&55'($E#&G1 3*6( 2;#( &*$>#+( 7&*( 8#( 63B#*( &$(U*4PC(:52;4"6;()&*"&+'(?&'( 8#( 7+#%32#%( &$( 2;#( 85#&G#$2( 23?#( 3*( &*'( 7&5#*%&+D( %"#( 24( 32(A&553*6(%3+#725'(&A2#+(<;+3$21 ?&$( &*%( M#>( ^#&+( 7#5#8+&1 234*$D( "$( J+32$( 4*( 2;#( >;45#( 2#*%( 24( 8#( U_"32#P( ?3$#+&85#( `( 32P$( 3*( 4"+( *&2"+#C( 9?353*6( O&*%( 544G3*6( ;&EE'( 6#*#+1 &55'Q(>&5G3*6(%4>*(2;#($2+##2( >4"5%(E"2('4"(3*(2;#(#77#*2+37( 7&2#64+'D( ;#&+3*6( 4+( +#&%3*6( E4$323B#(*#>$(3*(2;#(?#%3&(3$( "**&2"+&5C((:*%(;#'D(2&5G3*6(24( &($2+&*6#+(A4+(&*'2;3*6(42;#+( 2;&*(%3+#7234*$D(#$E#73&55'(4*(

E"8537( 2+&*$E4+2D( 5#&%$( ?4$2( 4*544G#+$( 24( _"#$234*( '4"+( $&*32'C(J#3*6(;&EE'(@"$2(3$*P2( $473&55'( &77#E2&85#( &( 542( 4A( 23?#(`(>;&2(&(E&+&%4HC 9"+E+3$3*65'D( &774+%3*6( 24( 2;#( aAA37#( A4+( M&234*&5( 92&1 23$237$D( bb( E#+7#*2( 4A( J+32$( +&2#%( 2;#3+( 53A#( $&23$A&7234*( &2( $#B#*( 4"2( 4A( 2#*( 4+( ;36;#+( 3*( ,./c( `( &( A36"+#( >;37;( E"2( 2;#?( 2#*2;( 4A( 2>#*2'1$#B#*( d[( 74"*2+3#$C( M42( 244( 8&%C( N;&2( >4"5%( ;&B#( "*%4"82#%1 5'( ;#5E#%( 2;3$( %&2&P$( A3*%3*6$( ;4>#B#+D(>&$(2;#(A&72(2;&2(32$( +#$"52$( >#+#( 482&3*#%( 3*( U2;#( $#&$4*(24(8#(@455'PD(&(+&+#(23?#( >;#*(J+32$(A##5(32(&EE+4E+3&2#( 24( 8#( 4E#*5'( &$$#+23B#( &84"2( 2;#3+(U;&EE3*#$$PC( N;&2( %4#$( *42( 74?#( &$( &( $"+E+3$#(3$(2;&2(2;#(+#E4+2(%#1 *42#%( 2;#( ?4$2( 74*2#*2( &6#( 6+4"E( 24( 8#( 2;4$#( 3*( +#23+#1 ?#*2C( !;3$( 6+4"E( 3$( 754$#5'( A4554>#%( 8'( '4"*6( E#4E5#C( !;#+#( 3$( &*( 48B34"$( 74++#5&1 234*(8#2>##*(2;4$#(*42(3*(A"551 23?#(#?E54'?#*2(&*%(2;#(E#41 E5#( >;4( &+#( U;&EE3#$2PC( e"32#( 75#&+5'( >4+G( ?&G#$( "$( J+32$( "*;&EE'C( N#P%( +&2;#+( 8#( %41 3*6( 42;#+( 2;3*6$C( :*%( 3*%##%( >;'( >4"5%*P2( '4"X( R&'3*6( 4*( &(8#&7;(3*(2;#(V&5%3B#$(3$(&51 >&'$( 643*6( 24( $4"*%( 8#22#+( 2;&*( A54663*6( E#2( 3*$"+&*7#( 4B#+(2;#(E;4*#D(24(&*(&5+#&%'(

$&23$A3#%(E#*$34*#+C V4$2( E#4E5#P$( E#+7#E234*( 4A( 8#3*6( ;&EE'( "$"&55'( 3*1 B45B#$( >3**3*6( 2;#( 5422#+'( 4+( &(5&+6#($"?(4A(?4*#'(8'(42;#+( ?#&*$D(>;#*(&72"&55'($2"%3#$( ;&B#( 23?#( &*%( &6&3*( $;4>*Y( ?4*#'( @"$2( 3$*P2( 2;#( +4"2#( 24( >#5518#3*6C( !;"$D( >;&2( 3$( 2;#( G#'(24(8#74?3*6(;&EE'X :( U?35534*( %455&+( _"#$1 234*PD( $4( 24( $E#&GD( $73#*23A37( #B3%#*7#( ;&$( &72"&55'( E+4B#*( $4?#(4A(2;#(?4$2(8&$37(2;3*6$( &72"&55'(;&B#(2;#(?4$2($36*3A1 37&*2( 3?E&72C( !&G3*6( &( U65&$$( ;&5A( A"55P( &EE+4&7;( 3*( 8&%( $32"&234*$D( $?353*6( ?4+#( O&$( ?"7;( &$( 32( ?&'( 7+##E( E#4E5#( 4"2Q(&*%(;45%3*6(2;#(7537;f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

9;#+547G(3$(E#+;&E$($4?#4*#(>#($;4"5%( &$E3+#( 24( 8#( 53G#( OE#+;&E$( *42( 2;#( E$'1 FKRSDWKLFVLGHEXWGHஊ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

Insomnia Cured Here

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

=#$E32#(2;3$(3*2#5536#*7#(;#(7&**42(+#&%( $473&5($32"&234*$(&*%($4(4A2#*(74?#$(4"2( >32;(2;3*6$(*414*#(#5$#(>4"5%C(!;3$(7&*( 8#(%3$74*7#+23*6D(3A('4"(&+#(2;#($"8@#72( 4A( ;3$( 48$#+B&234*$D( 8"2( &5$4( 3*7+#%385'( #*%#&+3*6C(R3*G#%(24(2;3$(3$(2;#(A&72(2;&2( 9;#+547G(;&$($4(?"7;(;"?&*32'D(%#$E32#( ;3$( #++&237( 2#*%#*73#$( &*%( E#+$4*&51 32'D( ;#( ?&*&6#$( 24( +#?&3*( >;455'( 644%( %#$E32#(&55(2;#(8&%(2;&2($"++4"*%$(;3?C( !;3$(;&$(24(8#(;3$(8#$2(B3+2"#C


!"#$%&'()&*"&+'(,-(,./0

!"#

28

!"#$"%

!"#$%&

0)(1)2&3(4)5

&'()&*& +),-&.$"/

!"#$%"

6HQG\RXUTXHVWLRQVWR VRFLDO#WKHEHDYHURQOLQHFRP

1#&+(2&#3

1#&+(2&#3

4( 5&6#( A##*( ?8>5( ='( A;':+8#*%(:;+(,(&*%(&(5&9:( '#&+$( &*%( 4( 5&6#( 9;6#%( ,( ;:( >5;$#( '#&+$( 4( 5&6#( VSHQW ZLWK KLP  ,W ZDV >58$($"==#+(>5;"75(>5&>( HYHU\WKLQJ FKDQJHG , $>&+>#%( >;( 7#>( &**;'#%( DWWKHWLQLHVWWKLQJVKHâ&#x20AC;«Ú&#x2018;â&#x20AC;¬G %;(&*%(:##9(98@#(4(?&$(%8$D WDQFLQJP\VHOIIURPKLP ,â&#x20AC;«Ú&#x2018;â&#x20AC;¬YHZDLWHGWRVHHLIWKHVH :##98*7$( ?;"9%( 7;( &?&'( 6R,â&#x20AC;«Ú&#x2018;â&#x20AC;¬PDVNLQJLVLWQRUD EXW WKH\ KDYHQâ&#x20AC;«Ú&#x2018;â&#x20AC;¬W  :K\ =&9(>;(:##9(98@#(>58$(&A;">( &=( 4( $;( &*7+'( &*%( "C$#>( $;=#;*#( #9$#( ?5#*( 8*( &( ?8>5(='(A;':+8#*%(&99(>5#( +#9&>8;*$58CH( I;?( %;( 4( WLPH ZKHQ KH LVQâ&#x20AC;«Ú&#x2018;â&#x20AC;¬W DFWD JHWKHURà®&#x2030;P\PLQG" LQJ DQ\ GLà®&#x2030;HUHQW" :K\ DJ8*%8*7( K;6#( 4$( L#D &+#(98>>9#(>58*7$(&**;'8*7( &99'(!+8B@' =#H 4( 5&6#( &( 78+9:+8#*%( ;:( <( =;*>5$( ?5;( 4( 98@#( &( 9;>( A">( 5&6#( ='( %;"A>$( &A;">( $;=#>8=#$( &*%( +#B#*>9'( 4( =#>( &( 78+9( &>( &(C&+>'(?5;(4(@8*%(;:(58>( LW Rà®&#x2030; ZLWK ,â&#x20AC;«Ú&#x2018;â&#x20AC;¬P UHDOO\ DWD WUDFWHG WR KHU 7KHUHâ&#x20AC;«Ú&#x2018;â&#x20AC;¬V E"$>( &( 9;>( ;:( B5#=8$>+'F( G(=">"&9(:+8#*%($&'$($5#( IHHOVWKHVDPH

1#&+(JK4L!3(

7HVW\RXUYRFDEXODU\0DWFKZRUGWRGHૹQLWLRQ GR(;*#8+;=&*B'( % OHJHUGHPDLQ SR(C"9# 1R(B9#+8$' TR(>+8B;+*

G( 5&>( 5&68*7( >5#( A+8=( >"+*#%( "C( ;*( >5+##( $8%#$(U(5&68*7(>5+##(B;+*#+$3(5;+*$3(;+(C+;D MHFWLRQV V9#875>(;:(5&*%(U(&($5;?(;:($@899(;+(%#B#8>:"9( B9#6#+*#$$ !5#(C+&B>8B#(;:(C+#%8B>8*7(>5#(:">"+#>5+;"75( LQWHUSUHWDWLRQRIGUHDPV 7RZKLQHZKLPSHU T%"B&>#%(C#;C9#(B;*$8%#+#%(&$(&(7+;"CN(>5#( OLWHUDWL

,GRQâ&#x20AC;«Ú&#x2018;â&#x20AC;¬WWKLQNLWâ&#x20AC;«Ú&#x2018;â&#x20AC;¬VQHFHVD $&+89'(&(A&%(>58*7(>;(5&6#( &(98>>9#(B+"$5(;*(;+(&*(&>D >+&B>8;*(>;($;=#;*#(#9$#( ZKHQ\RXâ&#x20AC;«Ú&#x2018;â&#x20AC;¬UHLQDUHODWLRQD VKLS6RPHSHRSOHPLJKW $&'( ';"+( +#9&>8;*$58C( 8$( ;A68;"$9'( *;>( ?;+@8*7( EHFDXVH\RXâ&#x20AC;«Ú&#x2018;â&#x20AC;¬UHDWWUDFWHG WR VRPHRQH HOVH  , GLVDD 7+##(?8>5(>58$(*&86#(8%#&3( )/,57  :KHQ ZHâ&#x20AC;«Ú&#x2018;â&#x20AC;¬UH LQ +#9&>8;*$58C$( ?#( 5&6#( >;(9;6#(&*%(+#$C#B>(;"+( C&+>*#+$( #*;"75( >;( *;>( B5#&>( #6#*( >5;"75( ?#( ZDQWWR7KDWâ&#x20AC;«Ú&#x2018;â&#x20AC;¬VWKHVLJQ RI D JRRG UHODWLRQVKLS M#;C9#( 8*( +#9&>8;*$58C$( GRQâ&#x20AC;«Ú&#x2018;â&#x20AC;¬W ORVH WKHLU DELOLW\ WR à®&#x160;QG RWKHUV DWWUDFWLYH !5#'( E"$>( >+'( +#&99'( 5&+%( *;>( >;( B5#&>( %#$C8>#( &>D WUDFWLRQVWKH\IHHO :KDW LV FRQFHUQLQJ JK4L!3( 8$( >5&>( ';"( $&'( ';"+$#9:( >5&>( ';"( 5&6#( GRXEWV  ,I \RXâ&#x20AC;«Ú&#x2018;â&#x20AC;¬UH LQ D UHODWLRQVKLS WKDW \RXâ&#x20AC;«Ú&#x2018;â&#x20AC;¬UH *;>( $"+#( &A;">( &*%( ';"( =##>( $;=#;*#( *#?( ?5;( \RXâ&#x20AC;«Ú&#x2018;â&#x20AC;¬UH DWWUDFWHG WR WKHQ LWâ&#x20AC;«Ú&#x2018;â&#x20AC;¬V D GLà®&#x2030;HUHQW VWRU\  , >58*@( ';"( *##%( >;( +#&99'( &$$#$$( ';"+( +#9&>8;*$58C( DQG GHFLGH LI LWâ&#x20AC;«Ú&#x2018;â&#x20AC;¬V ZRUWK LW<RXâ&#x20AC;«Ú&#x2018;â&#x20AC;¬YHRQO\EHHQZLWK 5#+( :;+( <( =;*>5$N( 8:( ';"( KDYHGRXEWVQRZLWâ&#x20AC;«Ú&#x2018;â&#x20AC;¬VQRW DJUHDWVLJQ,WKLQNIURP ?5&>( ';"( &+#( >#998*7( =#( ';"(=&'(*##%(>;(#*%(>5#( UHODWLRQVKLS%XWQRWEHD FDXVH \RXâ&#x20AC;«Ú&#x2018;â&#x20AC;¬UH DWWUDFWHG WR VRPHRQH HOVH LWâ&#x20AC;«Ú&#x2018;â&#x20AC;¬V EHD FDXVH \RX GRQâ&#x20AC;«Ú&#x2018;â&#x20AC;¬W VHHP WKDWVXUHDERXWLW7KHQ ;*B#(';"(&+#(:"99'(;">(;:( >58$(+#9&>8;*$58C(7;(&:>#+( >5#( 78+9( :+;=( >5#( C&+>'3( JK4L!F DDDDDDDDDDDDDDDDDDDDDDDDDDDD

:KHUH +DV WKH 3DVD $8;*(O;*#H 'HDU:+3* 4(5&>#(>;(A#(>5#(A#&+#+( ;:( A&%( *#?$( A">( 4( >58*@( \RXUUHODWLRQVKLSLVRYHU , GRQâ&#x20AC;«Ú&#x2018;â&#x20AC;¬W NQRZ DQ\ UHODD >8;*$58C$(>5&>(B;=#(A&B@( :+;=( <( =;*>5$( ;:( B;*D $>&*>( &**;'&*B#( &*%( 7#>( A&B@(>;(5;?(>5#'(?#+#(8*( WKH EHJLQQLQJ  :+3* 4( B&*( >#99( ';"( :+;=( C#+D $;*&9( #PC#+8#*B#( Q&*%( :+;=( &( +#9&>8;*$58C( >5&>( 4( ='$#9:( $>&'#%( 8*( :;+( &A;">(<(=;*>5$(>;;(9;*7R( WKDW ZKDW \RXâ&#x20AC;«Ú&#x2018;â&#x20AC;¬UH H[SHULD #*B8*7( 8$( E"$>( >5#( *&>"D +&9(C+;7+#$$8;*(;:(:&998*7( RXW RI ORYH  7KH WKLQJV \RX XVHG WR à®&#x160;QG TXLUN\ DQG FXWH \RX QRZ FDQâ&#x20AC;«Ú&#x2018;â&#x20AC;¬W VWDQG  7KH SDVVLRQ \RX "$#%(>;(:##9(&A;">(58=(8$( JRQH  7KHUH ZDV QR ELJ à®&#x160;JKWRUIDOOLQJRXWEXWLW GRHVORRNOLNH\RXâ&#x20AC;«Ú&#x2018;â&#x20AC;¬YHMXVW IDOOHQRXWRIORYH :+3*WKHEDOOLVQRZ LQ \RXU FRXUW  <RX QHHG >;( #*%( 8>( ?8>5( >58$( 7"'( VRRQ  <RXâ&#x20AC;«Ú&#x2018;â&#x20AC;¬YH DOUHDG\ %+&77#%( 58=( &9;*7( :;+( &>( 9#&$>( <( =;*>5$( &*%( ,â&#x20AC;«Ú&#x2018;â&#x20AC;¬PVXUH\RXâ&#x20AC;«Ú&#x2018;â&#x20AC;¬UHWU\LQJWR =&@#( 58=( A#98#6#( >5&>( *;>58*7( 8$( ?+;*73( A#D B&"$#( ';"( ?#+#( &9$;( >+'D 8*7( >;( =&@#( ';"+$#9:( A#D OLHYH LW  %UHDN XS ZLWK 58=( &*%( 9#>( 58=( $>&+>( >;( 7#>(;6#+(';"($;;*#+(+&>5D HUWKDQODWHU,WUHDOO\LV >5#(@8*%#$>(>58*7(';"(B&*( GRIRUKLP/HWKLPGRZQ #&$'3(786#(58=($C&B#(&*%( GRQâ&#x20AC;«Ú&#x2018;â&#x20AC;¬W IRUFH D IULHQGVKLS DWà®&#x160;UVW,WLVWKHSUHURJDD >86#(;:(>5#(%"=C#%(>;(%#D B8%#(8:(>5#'(?&*>(>;(=&8*D WDLQDIULHQGVKLS0D\EH 8*(&(:#?(=;*>5$(';"(B&*( EHFRPH IULHQGO\ DJDLQ %HVWRIOXFN:+3*


!"

!"#$%#!$%&'()*'+*,-*.

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роЙZREEO\EHQFKHV

!"#$#%&#'

()*+,"#+-(./+,"012+,)+3)+)1+4'03%5+102",6+%,+.789 !"#$%&'$(!")* ><?@<% ABC% &'6'% 1'D+% 6'*:D4.'*% 4$%+"'#6%54++1'%,D%!"'%9411$%'E'-+% &4$%$+,00'*%.,1*%,-%+"'%-#;"+%23% 3'+%/,6'%-'&%2F#1*#-;%DF.(F0$8% 9,&'E'6G%HF*;#-;%23%+"'%!B<!?: >?<<% 4-*% IJ<CK<!JLC% 04'*,: #-$0#6'*%.,$+F/'%+"'%2'#-;%06': 046'*% D,6% +"'% 'E'-+@$% ",$+G% M=7% L,6+''@G% +"'% .4-.'114+#,-% /43% "4E'%$4E'*%+"'/%4%D'&%21F$"'$N%

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

3#4#+(567#8%%,#5'#.'9#4':;#;/.'9<

BK%7BAQ>%_JI?Q%QK!%LQRN

,,,,,,<#!!,.!#,-!%,.!"'.#!7,)#%((#*<

тАл ┌ЪтАмOA??%RJ!9%?_?Ab%7Q^b%QO%cQQ% 5BA%R??a>b тАл ┌ЪтАмCKBABL!??I%CAB!KJ!QK<%%%% 7AB<!QL%JL%?_?Ab%<9Q! тАл ┌ЪтАмQ_?A%\d%<?7QLI<%OQQ!BC?%QO% RQ=?L тАл? ┌ЪтАмe!AB%O?B!KA?<%JL7>KIJLC%%%%% IJA?7!QA<@%7Q==?L!BAb%5b% BLIb%CABb%BLI%AJ79BAI%a?b<% !"#$%&''()$%'*#+#,-%.,/0#1'*%23% !4/%54-+'6$% 7,18%9,-'3:54*;'6% 740+4#-%94.(%<0466,&% =46(%5''-'3

4.(%(, 4&), /&"1, 5(116, !7, #.(,78'.#,98&7&,98(93,-879, !"#$%&'((#)#$%#*+%,(#-.'/%0'# !"#,7(:#,4((5 1.&(2# #

<^?7JB>%JL_?<!JCB!JQL`%<Q7a^K^^?!JLC%B!%><?P ?=6@A:8$B$89AC6587$A$DA5E8=;47$58"$:=85D M<Q7a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b,F-;%B006'-+#.'8%


!"#$%&'()&*"&+'(,-(,./0

!"#

30

!"#$"%

1)6,$7089&:$;<'$25$=>20.86?$@)6A,$B)3&C !2<8,$@26'&(&**2

Credit: Paddy75

1*%2$3"4#%5'(6*#(67(48#( 96+5%:$(463(7664;&55(5#&<"#$=( &*%(&+<"&;5'(48#(;#$4=(48#( >*<52$8(?+#@2#+(A#&<"#=(2*(&55( 24$(<56+'=(B#+4&2*5'(%#@&*%$( '6"(3&'(48#(3+2B#(76+(;#2*<( 4+#&4#%(46($"B8(C;#&"427"5:( 7664;&55D( E(;&$2B($#&$6*(42BF#4(&4( E+$#*&5(9255(B"++#*45'($#4(

'6"(;&BF(6G#+(H/=...(&*%( 9248(&*(#$42@&4#%(48+##('#&+( 9&242*<(52$4(46(3"+B8&$#(6*#=( 48#+#(B5#&+5'(+#@&2*$(&(82<8( %#@&*%(46(3&'(#I46+426*&4#( 3+2B#$(76+(98&4(B&*(674#*( ;#(G#+'(6+%2*&+'(G2#92*<J #$3#B2&55'(76+(E+$#*&5(7&*$(2*( +#B#*4('#&+$D E(K8&@326*$823($"336+4#+( DWKHDUWLWRIWHQEDроНHVPH 48&4(>*<52$8(?+#@2#+(A#&<"#( $"336+4#+$(96"5%(3&'($6(

@"B8=(B6*$2%#+2*<(48#'(6*5'( $3#*%(48#2+(42@#(@6&*2*<( &;6"4(48#(<&@#:$(5&BF(67( #*4#+4&2*@#*4(&*%(L"#"2*<( %69*$4&2+$(76+(48#(3+#=(%"+2*<( &*%(36$4M@&4B8(;#G#+&<#$D( !8#'(B&*(#I3#+2#*B#(#L"&5( %2$&3362*4@#*4(56B&55'(76+(8&57( 48#(3+2B#N(O(8#&+(K&+$8&546*( E485#42B(*##%($6@#($"336+4M #+$D E$(&(K+'$4&5(?&5&B#(7&*=(&5M 486"<8(*64($6(@"B8(482$('#&+=( O(&@("$#%(46(3&'2*<(@6+#( @6%#+&4#(3+2B#$(76+(&*(674#*( %2+#(G2#92*<D(P"4(O(B&*($4255( FRQроКGHQWO\VD\WKDWLWLVZRUWK 48#(@6*#'D(O*%##%=(O(@&'(8&G#( 924*#$$#%(&+<"&;5'(?&5&B#:$( 96+$4(#G#+(3#+76+@&*B#(&(7#9( 9##F$(&<6(2*(48#2+($5"<<2$8( QM.(%#7#&4(46(E5&*(?&+%#9:$( !66*(&+@'D(R69#G#+(48#( B6*42*"&426*(67(48#(#B86(67( 48#("$"&5(C+#%(&*%(;5"#(&+@':( B8&*4$(46(48#(+8'48@(67(48#( %+"@(48+6"<86"4(48#(*2*#4'( тАл┌РтАмWRUUHQWLDOUDLQроКOOHGтАл┌СтАмPLQXWHV +#@2*%#%(@#(67(!S:$(2*&;25M 24'(46(+#352B&4#(98&4(2$(&(4+"#( 7664;&55(7&*(#I3#+2#*B#D(P"4(

24:$(<#442*<(@6+#(&*%(@6+#( #I3#*$2G#(46(%6($6N(3+26+(46( NLFNRроЙDEDQQHUZDVUDLVHG +#&%2*<(THUU(E9&'(76+(K8#5M $#&(E9&'=(V(R6"+$(W2*2@"@( X&<#=(O$(482$(+#&55'(48#(96+FM 2*<@&*:$(<&@#YZ W6%#+*(4#B8*656<'(&5569$( 7&*$(46(#I3#+2#*B#(?+#@2#+( A#&<"#(<&@#$(2*(R[=(Q[(&*%( #G#+'(648#+([D(X#:G#(+#&B8#%( 48#(362*4(98#+#('6"(B&*( B5#&+5'(523M+#&%(48#(@6&*2*<( 7+6@(48#(4#++&B#$=(;"4(24(B&*:4( +#35&B#(48#(#I3#+2#*B#(67(;#M LQJWKHUHLQWKHроЛHVK$QGWKLV 2$(48#(362*4(48&4(48#(?+#@2#+( A#&<"#(2$(@2$$2*<D( !8#(2*B+#&$#%($4&4"$(67( 48#(?+#@2#+(A#&<"#(8&$( ;##*(%+2G#*(;'(%#@&*%(7+6@( 76+#2<*(G2#9#+$(&*%(48#($2<*M 2*<$(67($6@#(67(48#(96+5%:$( #524#(7664;&55(35&'#+$=(;"4(O( 482*F(48&4(482$(2$(*6(#IB"$#(76+( 2*B+#&$#%(9&<#(;255$(982B8( 76+B#(2*B+#&$#$(2*(42BF#4( 3+2B#$D(!8#(?+#@2#+(A#&<"#( 2$(56$2*<(24$(&33#&5(76+(48#( 4+"#(7664;&55($"336+4#+D(W6+#( DроЙRUGDEOH6N\79SDFNDJHV

&+#(5#&%2*<(46(&3&48'(&@6*<( 48#(*#I4(<#*#+&426*(67(%2#M 8&+%(7&*$(986($86"5%(4&F#(48#( ;&46*(&*%(B6*42*"#(48#(5#<&M B2#$(3&$$#%(%69*(76+(6G#+(6*#( 8"*%+#%('#&+$D 6RRQWKH3UHPLHU/HDJXH 9255(924*#$$(&(B6@35#4#(56$$(67( &4@6$38#+#=(&(4+#*%(&5+#&%'( G2$2;5#(2*(@&*'(67(48#(463( 4#&@$D((>G#*4"&55'(6*5'(46"+M 2$4$(&*%(B6+36+&4#(;"$2*#$$#$( 9255(;#(3+#3&+#%(46(3&'(48#( 8#74'(3+2B#(46($##(&(52G#(<&@#( &*%(96+$4(B&$#($B#*&+26=(48#( RQO\SHRSOHроКOOLQJRXU3UHPLHU A#&<"#(7664;&55(<+6"*%$(9255( EHQHXWUDOV6XUHO\WKLVLVQRW 48#(%2+#B426*(9#(9&*4(6"+( ;#&"427"5(<&@#(46(;#(8#&%2*<( 2*Y(K8+2$(\&@&+&(@&'(3+6G2%#( "$(9248(8"@6+6"$(B6@@#*4$( &$(9#(924*#$$($6@#(T1*;#M OLHYDEOH-HроЙтАл┌ХтАмPRPHQWVRQWKH 324B8=(;"4(&+<"&;5'(48#(@6$4( 2@36+4&*4(482*<$(48&4(8&33#*$( &4(&(7664;&55(<&@#=(&+#(48#( 482*<$('6"(B&*:4($##($2442*<(2*( '6"+(&+@B8&2+(&4(86@#D

!"#$%&'()**$+,$-).&$/&)0'$1023$4&5&)' ")0)6$D89E)0:,

4&BFD

A&$4(W6*%&':$(@&4B8( B#+4&2*5'(3+6G#%(46(;#(&( @6$4(#*4#+4&2*2*<(6*#(76+( WKH/6(1HWEDOO&OXEтАл┌СтАмVWK WHDP'HVSLWHORVLQJWR 5806WKVWKHWHDPPDLQM 4&2*#%(48#2+(82<8($32+24$(&*%( #*48"$2&$@(;648(6*(&*%(677( B6"+4D !8#(72+$4(496(L"&+4#+$( &33#&+#%(46(;#(3+6@2$2*<( 9248(48#($B6+#$(+#@&2*M 2*<(B56$#D(( E5486"<8( 7&B2*<(46"<8(&44&BF(7+6@( WKHRSSRVLWLRQWKHVZHUH %#4#+@2*#%(46(%#7#*%(46(48#( ;#$4(67(48#2+(&;2524'D((A6"2$#( K&36*(466F(7"55(&%G&*4&<#( 67(8#+(8#2<84(9825$4(35&'2*<( ]6&5([#7#*B#=(@&F2*<(527#( 3&+42B"5&+5'(&9F9&+%(76+( 5806тАл┌СтАмRSSRVLQJ*RDO$WM

!8+##(4#&@(@#@M ;#+$(@&%#(48#2+(%#;"4$( &*%(3+6G#%(46(;#(G&5"&;5#( @#@;#+$(67(48#($2I48(4#&@D( 5KLDQQRQ&ODSKDP1RQD P"BF5#'MO+G2*#(&*%(W&+M 48&(EG#+5#'(&55(35&'#%(48#2+( 72+$4(<&@#(76+(48#(4#&@(&*%( #&B8(%#@6*$4+&4#%(G&+2M 6"$(2@3+#$$2G#($F255$D(X248( 5KLDQQRQтАл┌СтАмVVSHHG1RQDтАл┌СтАмV %#4#+@2*&426*(&*%(W&+48&:$( 32G642*<=(24(2$(B5#&+(48&4(48#( $2I48(4#&@(2$(<62*<(7+6@( $4+#*<48(46($4+#*<48(9248(24$( *#9(35&'#+$D E$(48#(@&4B8(+#&B8#%( 24$(72*&5(496(L"&+4#+$=(24(9&$( FOHDUWKDW5806ZHUHRQWR &(92**#+(;"4(%#$324#(482$=( B&34&2*(\&42#()&@#$(B6*42*M "#%(8#+(2*$32+&426*&5(5#&%#+M $823(6*(&*%(677(B6"+4(&$($8#(

X248( 42BF#4865%M #+$(<#442*<(+&<M <#%( RQFHPRUHE\6DXF\WKLVZHHN 3+6G#%(6*B#(@6+#(48&4(48#+#( LVRQO\RQH/6(QLJKWDQG 24:$(&(X#%*#$%&'D(^W&4#E+#_M 6">G#*O*!8#E1(^`6+<#4!8#M )LUH$ODUP6RXQG7KH%HY$ODUP !#&@(%2**#+$(9#+#(48#(6+M %#+(a"8M8"8b(67(48#(%&'=($6(&*( E1(67(7"55($46@&B8$(&*%(7"55#+( #<6$(a&*%(#@34'(9&55#4$=(

98&4(&(*2<84b(%#$B#*%#%( 6*(48#(8&5569#%(c66(P&+( 76+(&(*2<84(67(7"*=(7+652B$(&*%( RWKHUQRXQV,DPXVLQJWRроКOO 48#(96+%(B6"*4D(a_6"d+#(4#552*<( PH6SRUWV(G

X248(#G#+'6*#(&4(%2*M *#+$=(48#(+"<;'(B5";(%#B2%#%( 24(96"5%(;#(464&55'(463(;&*4e( @&4#(27(48#'(9#+#(&55(46($4+23( 6*($4&<#D(A#%(;'(K&34&2*( WBA&%(2*(&(@&*F2*2=(48#'( &33&+#*45'($&9(*6482*<(6%%( &;6"4(<#442*<(*&F#%(46<#48#+( 2*(&*(#@34'(+66@(^4#&@M ;6*%2*<D(E($#B6*%('#&+(+"<;'( 35&'#+(#@#+<#%($8##32$85'( 48#(*#I4(@6+*2*<=(&G62%2*<( KLVXQLPSUHVVHGроЛDWPDWHтАл┌СтАмV <&e#D(E*648#+(466F(48#(32$$&5( &*%(76"*%(82@$#57(2*(&($364(

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

67(;648#+(9248(48#(`KD(X255$F2( UHNLQGOHGDQROGроЛDPHVHHPM 2*<5'("$2*<(8#+(76+(&(B&;(86@#( &*%(&(;#%(46(2@@#%2&4#5'(7&55( &$5##3(2*D(X86($&'$(+6@&*B#( LVGHDG"*81*(6., ?+#$2%#*4([#4#B42G#(A&*FM 76+%(O*(!8#(A2*B65*(A&9'#+( 3+6G#%(46(;#(48#(;&2*(67(6*#( <2+5=($";f#B42*<(8#+(46(48#($6+4( 67(+6"<8(&*%(4"@;5#("$"&55'( +#$#+G#%(76+(K&34&2*(A##D(O4( $##@$(8#(%2%(*64(;"+*(482$( 3&+42B"5&+(;+2%<#(869#G#+=( +#4"+*2*<(7+6@(&($6524&+'( P"+<#+(\2*<(46(2*%"5<#(2*( &(@646+;6&4D(g*#(`K(8"*F( 96"5%(8&G#(;##*(;&8&+@'(46( 4"+*(%69*(48#(&%G&*B#$(67(&( c66(G#4#+&*=(9825#(&(96@#*:$( +"<;'(7+#$8#+(3&2%(&(G2$24(46(

&'()*"+,#--)./)0"/"%$")1%"02+)34%)+5"2%)+"#6)/72%2+8),4+5)49)#90) Rрл╝WKHFRXUW

P+66F$2%#D $WKWHDPQHWEDOOHU %2G#%(2*46(48#(2*G242*<(9&M 4#+$(67(48#(?665#=(&5486"<8( 7+6@(&7&8'(24(566F#%(52F#(8#( @2$$#%(&(<65%#*(6336+4"*24'( 76+(&*648#+(48+##$6@#(98#*( KHUроЛDWPDWHUHIXVHGKHU +#L"#$4(46(B6@#(86@#(48&4( HDUO\1HWEDOOтАл┌СтАмVVRFLDOVHF @&%#(&($2@25&+5'(#&+5'(#I24( &74#+(48#(;6"*B#+$(%#B2%#%( $8#(9&$(&(52445#(466($6B2&;5#=( #G#*(76+(c66D $77(17,217KH%HYM #+&<#(h#36+4(6772B2&55'( #*%6+$#$(48#(B&@3&2<*(46( *81*(6.,3OHDVHPDNH '6"+(G64#(B6"*4D


!"#

!"#$"%

31

!"#$%&'()&*"&+'(,-(,./0

!"#$"%&'()%*'& +#,*#'-&+))*!#.. */012&304/&5//6&788& 592:&;6&73/&+#&<9=&78& >81=/7/&;6&73/&(?/@ 1;/?&./0A9/&73;2&B//CD& E6&73/&1/067;1/&B/& ;64;7/&06:58F:&B38&302& :/7&78&/67/?&89?&!/04/?& ./0A9/&78&F8&28D&)9?& ./0A9/&6915/?&;2&

GHIJGH@JJKLMN

&'()*+,-+ !),./

,8?B;>3&<;7:Q&*307Y2&Z,87[&"67/?70;61/67 '01&.06301

6J3#+(]?+H2:7(123'( $=#*3(&+?"*%(^0.<(372$($"<A <#+>(37#(]?+J?@N(@?:&@$(:?"@%( C#(J?+E2D#*(J?+(J##@2*E(?=32A <2$32:>(&*%($2332*E(/,37(2*(37#( 3&C@#(&3(37#(<?<#*3($7?"@%( $"+#@'(C#($##*(&$(&(E??%(=?$2A 32?*M(X?H#D#+(%2$:?*3#*3(2$( E+2==2*E(37#(:@"C>(&*%(17+2$( X"E73?*L$(2*$2$3#*:#(?*(\"?3A 2*E(123'L$(&2<(3?(C#($3&'2*E(2*( WKHWRS஋LJKWVXJJHVWVDODFN ?J(&<C232?*(&*%($#@JAC#@2#J(?*( 72$(=&+3M(X2$(3#&<(&+#(=@&'2*E( C?+2*E(%#J#*$2D#(J??3C&@@(&*%( J?+(37#(:@"C(3?(<?D#("=H&+%$>( J&*$(&+#($3&+32*E(3?(C#@2#D#( 37&3(&(*#H>(<?+#(&<C232?"$( <&*&E#+(<&'(C#(*##%#%M

K3L$(#W=#*$2D#(3?($"=A =?+3(&(J??3C&@@(3#&<(37#$#( %&'$T(^0.(J?+(&($72+3(2$(<&%A *#$$>(&*%(37&3L$(C#J?+#('?"( :?*$2%#+(37#(=+2:#(?J($#&$?*( 32:N#3$M(I237(372$(2*(<2*%>(J&*$( H7?LD#(2*D#$3#%(@&+E#($"<$(?J( <?*#'(H&*3($?<#(+#3"+*(?*( 37&3M(!7#'(#$=#:2&@@'(H&*3(3?( $##(23(C#2*E(2*D#$3#%(2*('?"*E>( #W:232*E(3&@#*3M(!7#(="+:7&$#( ?J(=@&'#+$(@2N#(G2:N'(_&*( I?@J$H2*N#@>(R#+?'(`#+(&*%( ]&37&*(G#%<?*%(372$($"<<#+( $##<#%(3?(7?@%(<":7(=+?<2$#M !7#*(37#($#&$?*($3&+3A #%M(]?+H2:7(7&D#(@??N#%( %?%E'(&3(37#(C&:N(&*%($@?H( &*%("*2<&E2*&32D#(E?2*E(J?+A H&+%$M(G2:N'(_&*(I?@J$H2*N#@( $:?+#%(H237(72$(?*@'(:7&*:#(

+))*!#..

*",,E' 1+#%234(5233&'&

7&$($:?+#%(?*@'(/-(E?&@$(2*(,,( E&<#$M(8#&*H72@#>(372$($#&A $?*L$(<&*&E#+2&@(:&+?"$#@(7&$( =+?%":#%(&(@2*#(?J(<&*&E#+$( #&E#+(J?+(&(P?C(2*(37#(5+#<2#+( R#&E"#>(2*:@"%2*E(?*#A32<#( ]?+H2:7(=@&'#+(8&@N'(8&:N&'( &*%(#WAI#$3(F+?<( <&*&E#+(93#D#(1@&+N#M( !7#+#(2$(7?H#D#+($32@@( 7?=#(J?+(X"E73?*T(72$(+#:?+%( &3(]#H:&$3@#M(X#(7#@=#%( 37#<(&:72#D#(=+?<?32?*>(&*%( 7#(<&%#(&(3#&<(J#&3"+2*E( 6*%'(1&++?@@(&*%(?37#+$(2*3?( &($?@2%(<2%A3&C@#(3#&<(37&3( H#+#(E+#&3(3?(H&3:7M(Q*%#+( X"E73?*L$(3#*"+#>(#D#*(F@&:NA C"+*(G?D#+$(@#E#*%(R#?*(F#$3( $3&+3#%($:?+2*Ec(]?+H2:7( 2*:+#&$2*E@'(*##%(&($2<2@&+( 3+&*$J?+<&32?*M(((

Credit: Blenky64

*3/&3;A3O;A372&8P&73/& +#&<9=&M73&%896F& F?0B&;6>O9F/Q & R06>3/27/?&<;7:&4& <3/O2/0& & #?2/60O&4&.;4/?=88O&

?*(72$(%#C"3>(&*%(7&$(?*@'(7&%( &C?"3(0(<?+#(E?&@($:?+2*E( ?==?+3"*232#$($2*:#>(&*%(B&+'( X??=#+(7&$(7&%(?*@'(&(J#H( <?+#M(8#&*H72@#(]&37&*(G#%A <?*%(7&$(C##*(:?*$2E*#%(3?( 37#(C#*:7(H237(6*37?*'(52@NA 2*E3?*>(37&3(E"'(37&3($:?+#%( &E&2*$3(8&*:7#$3#+(Q*23#%( a2*(37#(`#+E"$?*(#+&>(H7#*( $:?+2*E(&E&2*$3(8&*:7#$3#+( Q*23#%(H&$(7&+%b(C"3(7&$*L3( %?*#(&(@?3($2*:#M K(H&3:7(8&3:7(?J(37#( U&'(<?$3(H##N$(&*%(37#( ?*@'(32<#(]?+H2:7(:&<#("=( 37#(+"**2*E(?+%#+(J+?<(@&$3( ?+($#:?*%(@&$3(H&$(&E&2*$3( 8&*:7#$3#+(123'>(&*%(37&3(:#+A 3&2*@'(H&$*L3(3?(%#<?*$3+&3#( ]?+H2:7L$(&33&:N2*E(=+?H#$$( aOA.(3?(8&*(123'bM(KJ(X"E73?*( H&*3$(3?(N##=(72$(P?C(7#(*##%$( 3?(@2$3#*(3?(37#(J&*$(H7?(H&*3( 3?($##(&33&:N(3&N#(=+#:#%#*:#( ?D#+(%#J#*:#M(!7#+#(2$(\"&@23'( 2*(?"+(&33&:N2*E(=@&'#+$(37&3( 37#(@2N#$(?J(B&+'(X??=#+(&*%( R#+?'(`#+(7&D#(?*@'($7?H*(2*( E@2<=$#$(C#:&"$#(?J(37#(H&'( X"E73?*($#3$("=(72$(3#&<M(V"+( %#J#*$#(<#&*H72@#(:?*3&2*$( 9#C&$32&*(F&$$?*Ec `?+(&$(@?*E(&$(]?+H2:7( +#<&2*(&C?D#(37#(+#@#E&32?*( d?*#>(X"E73?*(2$(=+?C&C@'( $&J#(2*(72$(P?CM(F"3(%#$=23#( C#2*E(2*(/,37(=@&:#(2*(37#( 5+#<2#+(R#&E"#>(37#(:@"C(2$( P"$3(e(=?2*3$(J+?<($&J#3'(&*%(

'389OF&<3?;2&W9A3786&5/&86&3;2& B0:&897&8P&,8?B;>3&+<\

'706;2O02&S0B?;6C0& F/P/07/F&%0P0/O& ,0F0O&;6&73/&+;60O&8P& 73/&#927?0O;06&)=/6D&& ,WZDVWKHૹUVW*UDQG !"#$%&'()*%#$'+,$-%.'/#&&-$'&"-,0&'%#'1-223'4$%.5$6','7!8'+-#9$,".3'9$,)5,%-'2#:'&%5)3*29',2';!8'(<= 'O01&7;7O/&B86&5:&73/& "*$-&6'>#?#2*,?*&<',2)'+?#@,?*&,%*#2',%'%.-'A!(B 'B;22&7/66;2&=O0:/?D 65378()#**'(6+37"+ :;8,2B#7$,1'(@,5,E%"*,#)37,

!"#$%&'()"*+++,-./,.0%$#1,2345115&%$1

58*%< '01&S0?59?786&;2& WKHૹUVW:HOVKSOD\HU 78&0>>/=7&0&>/67?0O& S%T&>867?0>7U& ;6>?/02;6A&7/62;862& 5/7B//6&73/&?/A;862& 06F&73/&S%TD 'VT#'W %9189?2&8P&0&>89=& ;6&73/&.'"&2X9023& >O95&?/P92/&78&5/& X9023/FD&,91/?@ 892&7B//72&P?81&>O95& 1/15/?2&F/6:&06:& C68BO/FA/&8P&06:& 2>3/1/2U&=O872U& ;67?;A9/2&8?& >862=;?0>;/2D

97*$778(89:(;<=2+#$>(1?@?A *2&@2$<(&*%(B@?C&@2$&32?*(7&DA 2*E((E&2*#%(&(F9:(B#?E+&=7'( .0%$#8(G?H2*E

1C)33)"*,(%307#)#)F7E>?, C@5#,C%'E&,>%',(%"1)&7$, #@7,@)*@E)*@#1,%B,>%'$,1@%$#, #)37,$%C)"*D

:;8,<),=7"">?,#@5"A1,B%$, (%3)"*,#%,1075A,#%,#@7, %HDYHUKRZGLG\RXૹUVW *7#,)"#%,$%C)"*D

)64(I#@@(23L$(&@@(7&==#*#%($?( J&$3>(23L$(7&+%(3?(=2:N(&(72E7A @2E73M(K(E"#$$(KL%(=+?C&C@'( 7&D#(3?(=2:N(37#(?==?+3"*23'( 3?(:?<=#3#(2*(172*&(?D#+(37#( 9"<<#+M(I#(+?H#%(&E&2*$3( 3#&<$(J+?<(&@@(?D#+(37#(H?+@%T( S&@#>(U#*<&+N>(&*%(#D#*(&( 3#&<(J+?<(VWJ?+%M(V37#+(72E7A @2E73$(H?"@%(7&D#(3?(2*:@"%#( H2**2*E(37#(X#*@#'(I?<#*L$( 3?"+*&<#*3>(&$(H#@@(&$(37#( FQ19(*?D2:#$M

)64(I#@@(<'(H7?@#(J&<2@'(+?H>( $?(2*(&(H&'(23(H&$(+&37#+(2*#D2A 3&C@#(37&3(KL%(#*%("=(+?H2*EM( K3L$(&:3"&@@'($"+=+2$2*E(37&3(23( 3??N(<#(&$(@?*E(3?(3+'(&3(&$( K(%2%M(K(&:3"&@@'($3&+3#%(&$(&( $H2<<#+(A(K($3&+3#%($H2<<2*E( $#+2?"$@'(&E#%(O(&*%(N#=3( E?2*E(J+?<(37#+#M(K(P?2*#%(37#( Q*2D#+$23'(?J(R?*%?*(9H2<A <2*E(!#&<(&*%(:&=3&2*#%( WKHPGXULQJP\ஊQDOWZR '#&+$(&$(&*("*%#+E+&%"&3#M :;8,.%,C@7",&)&,>%',1#5$#, $%C)"*D )64(K(&:3"&@@'(%2%*L3($3&+3("*32@( <'(372+%('#&+M(K(P?2*#%(37#(Q?R( G?H2*E(1@"C(&$(?*#(?J(?*@'( 3H?(*?D2:#$M(!7#'(?*@'(@#3(<#( 2*(C#:&"$#(?J(<'($"::#$$#$(2*( 37#(9H2<<2*E(1@"CM(KL%(*#D#+( &:3"&@@'(C##*(2*(&(+?H2*E(C?&3( C#J?+#(37#*M( :;8,.%,@%C,&%71,$%C)"*, (%305$7,#%,1C)33)"*D )64(K3L$(H#2+%>(C"3($H2<<2*E(

GHஊQLWHO\KHOSHGPHJHWXVHG 3?(+?H2*EM(K(E"#$$(K(H&$(P"$3( "$#%(3?(E#332*E("=(#&+@'(3?( 3+&2*(J?+(&(:?"=@#(?J(7?"+$( &(%&'>($?(H7#*(K($H23:7#%( 3?(+?H2*E(K(7&%(37#(+?"32*#( 2*(=@&:#M(6@@(K(7&%(3?(%?(H&$( :7&*E#(37#(3'=#(?J(3+&2*2*EM( *57KHUHDUHGL૸HUHQFHV #%%,#@%'*@D !7#+#(&+#>(37#'L+#(P"$3(+#&@@'( 7&+%(3?(D#+C&@2$#M(KLD#(7&%(&( @?3(?J(32<#(3?(372*N(&C?"3(23>( H72@$3($H2<<2*E(&*%(H72@$3( +?H2*EM(K(372*N(37#(C#$3(H&'(?J( ="332*E(23(3?($&'(37&3(#D#+'A 372*E(J##@$(@2N#(23L$(?*(&(C2EE#+( $:&@#(H7#*('?"L+#(+?H2*EM(S?"( &:3"&@@'(E?(=@&:#$>(H7#+#&$( H7#*('?"L+#($H2<<2*E('?"( ஊQLVKLQWKHVDPHSRRODV\RX $3&+3#%>(+#E&+%@#$$(?J(7?H(J&+( '?"LD#($H&<M

)64((I#@@(=&+3(?J(37#(+#&$?*( K(H&$(2*$=2+#%(3?(+?H(H&$( X#@#*(B@?D#+(2*(37#(V@'<=2:$M( K(37?"E73(YKJ($7#(:&*($3&+3( +?H2*E(@&3#>(H7'(:&*L3(KZ(!7#( &E#(<?$3(+?H#+$(=#&N(2$(<":7( @&3#+(37&*(23(2$(J?+($H2<<#+$(A( &(+?H#+(H?*L3(+#&:7(7#+(=+2<#( "*32@($7#L$(&C?"3(,O('#&+$(?@%>( H72:7(<#&*$(37&3(%#$=23#(?*@'( +#:#*3@'($3&+32*E(3?(+?H(23L$( *?3(3??(@&3#(J?+(<#(3?(:?<=#3#( &3(37#(3?=(@#D#@M :;8,.%,$%C)"*,)1,C@7$7,>%', 177,>%'$,B'#'$7D,

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


!/-F87G'C8#HI'*G%#@)' J!/#K'=4#"-#%840"4#

!"#$%&&'()'*%+"',"%-#' .-/0'1"2"%#

!"#$%

U03*4:

+01Y)&

!"#

34#-/567849:::';<=' <>/-#)'?0$%))%5/-)

!"#$"%&'()'"*+&,-./&%0

9(52($

12".3#456#'2#%4578579:;

HW//X 2($51 ()W(" #$%

'()9(

;<='C"&"$-%#")'<>/-#)'?0$%))%5/-) ;<=@<'ABC<' D3!!=E< &'()*+,%)#-).!/) ,"#$%+01)2+3%#$+(,)+0) -4**)-#$)%'()*5,%)6((78

95:;+0%#0 .!/)<(0=,)>0:)?)@)A) <+::*(,(B)<(0=,)C,% .!/)<(0=,)A$:)D)@)C) E4((0)<5$F)<(0=,)G%'

H##%I5**

.!/)N#;(0=,)C,%)G)@)C) OK.)N#;(0=,)C,%)

P#37(F .!/)N#;(0=,)C,%)C?)@)Q) J(0%)N#;(0=,)A$:

!R45,' .!/)<(0=,)C,%)G)@)C)J(0%) <(0=,)C,%

&(00+, .!/)<(0=,)C,%)S)@)Q)TB@ -#$:)<(0=,)C,% .!/)<(0=,)>0:)CQ)@)>) P($%-#$:,'+$()<(0=,)C,% .!/)N#;(0=,)>0:)S)@)G) U;"($+5*)N#;(0=,)>0:

V#**(FI5** .!/)<(0=,)C,%)A)@)Q) /,,(B)<(0=,)>0: .!/)N#;(0=,)C,%)A)@)Q) E<O.)N#;(0=,)>0:

L%-"#G'E/))"-M'<>/-#)'=58#/-

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

("$"(.*5 1>"5%"(#2'+>5&=50>"5 /%&B%#,,"5).5#'5),/&%0#'05 .0"/5)'50>"5<023"'0.A5O')&'A.5 SODQVWRLQFUHDVHWKHSURஊOHRI ./&%0.5#050>"5?<@50&5+2%%"'05#'35 =202%"5.023"'0.*51>"5#,!#..#J 3&%.5E"%"53".+%)!"35#.5P#E"J )'./)%)'BQ5!45R%&="..&%5M#$)35 S#%.3"'K5E>&5",/>#.)."35>&E5 VLJQLஊFDQWWKHDPEDVVDGRUV‫ڑ‬ 3"3)+#0)&'50&50>")%5./&%05).5E>"'5 0>")%5!2.45#+#3",)+5.+>"32(".5 #%"50#G"'5)'0&5#++&2'0*51>"5/%&J JUDPPHRஉHUVVWXGHQWVIXQGLQJ =&%5#5$#%)"045&=5#./"+0.5./&%0)'B5 ()="K5)'+(23)'B5"T2)/,"'0K50%#)'J )'B5#'350%#$"(50&50&2%'#,"'0.*5 S&%"5),/&%0#'0(4K50>"5.+>","5 /%&$)3".50>"5<023"'0.A5O')&'5 E)0>5#5'"E5E#45&=5=2((452'3"%J .0#'3)'B50>"5'""3.5&=5)0.50&/5 ("$"(5#0>("0".5.&50>#05)05,)B>05 !"00"%5.2//&%050>",*5<"$"%#(5 #,!#..#3&%.5>)B>()B>0"350>"5 DFDGHPLF஋H[LELOLW\SURYLGHGWR 0>",5!450>"5.+>&&(5#.5#5+&'."J T2"'+"5&=50>"5.+>","5#.5#'5),J /&%0#'05=#+0&%5)'50>")%5+&'0)'2"35 #!)()0450&5+&,/"0"* 1>"5</&%0.5I,!#..#3&%.5 .+>","5+#,"5)'0&5!")'B5#.5#5

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உGHPRQVWUDWHVD ("$"(5&=5.2//&%05=%&,50>"5.+>&&(5 0>#05E)((5.""50>).5/%&B%#,,"5 B&5=%&,5.0%"'B0>50&5.0%"'B0>*5 F#''#>5L)+>,&'35+&'0)'2"35 >"%5"#%(45+&,,"'0K5.#4)'B5P1>"5 ./&%0.5#,!#..#3&%5/%&B%#,,"5 %"(#2'+>5E#.5#5>2B"5.2++"..Z5 '&05&'(453)35)05B)$"5&2%5$"%45 &E'5"()0"5#0>("0".5#05?<@50>"5 &//&%02')0450&5,""05"#+>5&0>"%5 #'35.>#%"50>")%5.0&%)".5!205E"5 ZHUHஊQDOO\DEOHWRPDNHWKH /&)'050&5.&,"5&=50>"5.+>&&(.A5 G"453"+).)&'5,#G"%.50>#05./&%05 ).5)'+%"3)!(45),/&%0#'050&5&2%5 .023"'0.5#'35E"5'""350>")%5>"(/5 0&5.2//&%05&2%50&/5/"%=&%,)'B5 #0>("0".*A5

Credit: DrBexl

.!/)<(0=,)C,%)A)@)>)JK.) <(0=,)C,%)L<(:+3,M

!"#$%&'()%*+$,( -*./$0(1&2$./ ).(,.+(3"4%("(*"002.#( 5./(0*./$6 ).(,.+(3"4%("#(2#$%/%0$( 2#(7.+/#"82096 :5(,.+("#0;%/%&(<=%0>($.( ?.$3(.5($3%0%(@+%0$2.#0A( $3%#(,.+(03.+8&("**8,( 5./($3%(*.02$2.#(.5( )%*+$,(-*./$0(1&2$./B C8%"0%(D.#$"D$(-*./$0E $3%?%"4%/.#82#%BD.B+F( $.(%G*/%00(,.+/(2#$%/H %0$("#&($.("0F(5./(9./%( 2#5./9"$2.#B(

804  
Read more
Read more
Similar to
Popular now
Just for you