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* China to stop building coal-fired power plants abroad* Xi’s announcement could impact 44 projects in Asia, Africa* China’s domestic coal power programme still expandingSHANGHAI/SINGAPORE, Sept 22 (Reuters) - China’s pledge to stop building coal-fired power plants overseas could cull $50 billion of investment as it slashes future carbon emissions, analysts said, although Beijing’s own domestic coal programme is still propping up the dirty fossil fuel. Beijing is the largest source of financing for coal power plants globally, and Xi’s announcement will have a far-reaching impact on coal power expansion plans in countries like Bangladesh, Indonesia, Vietnam and South Africa. China’s pledge followed similar moves by South Korea and Japan this year, turning off the taps of the last three major public financiers of overseas coal power plants. While Xi has promised to “strictly control” new domestic coal power capacity over the 2021-2025 period, the country will not begin to reduce coal consumption until 2026. “With the new direction set for overseas coal, China needs to work harder now on its domestic coal addiction,” said Li Shuo, senior climate advisor at Greenpeace.
Persons: Xi Jinping, , , Christine Shearer, “ We’ll, Joe Biden, Yan Qin, Xi, Li Shuo Organizations: United Nations General Assembly, United Nations, Global Energy Monitor, GEM, Reuters, Bank of, COP26, United, United Arab Emirates, Boston University Global Development, , Greenpeace Locations: China, Asia, Africa, SHANGHAI, SINGAPORE, Beijing, Bangladesh, Indonesia, Vietnam, South Africa, U.S, Bank of China, South Korea, Japan, Nations, Pakistan, Zimbabwe, Serbia, United Arab
But forecasters and outside analysts expect the Fed to hedge on exactly when the “taper” might begin, and tie it to a rebound in job growth following the disconcertingly tepid report in August, when only 235,000 jobs were created. While August job growth was disappointing, U.S. nonfarm payrolls swelled by just over 1 million in July and have increased an average 716,000 since May. Fed officials, however, may decide they need more time to assess the risk from a handful of evolving issues before deciding to push ahead with the reduction in the bond-buying program. Leaning in the other direction: The surge of COVID-19 infections driven by the Delta variant of the coronavirus. Some measures of service activity have dipped, prompting forecasters to mark down their outlooks for economic growth this year.
Persons: Jerome Powell, Graeme Jennings, Aneta Markowska, Thomas Simons, nonfarm payrolls, Powell, Joe Biden Organizations: WASHINGTON, Federal, House, Capitol, Jefferies, Fed, Financial, China Evergrande Group, Kansas City Fed Locations: Washington , U.S, U.S
But forecasters and outside analysts expect the Fed to hedge on exactly when the “taper” might begin, and tie it to a rebound in job growth following the disconcertingly tepid report in August, when only 235,000 jobs were created. The Fed is due to release its latest policy statement and economic projections at 2 p.m. EDT (1800 GMT), with Fed Chair Jerome Powell holding a news conference half an hour later to discuss the outcome. While August job growth was disappointing, U.S. nonfarm payrolls swelled by just over 1 million in July and have increased an average 716,000 since May. Leaning in the other direction: The surge of COVID-19 infections driven by the Delta variant of the coronavirus. Some measures of service activity have dipped, prompting forecasters to mark down their outlooks for economic growth this year.
Persons: Fed’s Powell, Jerome Powell, Aneta Markowska, Thomas Simons, nonfarm payrolls, Powell, Joe Biden Organizations: WASHINGTON, Federal, Jefferies, Fed, Financial, China Evergrande Group, Kansas City Fed Locations: U.S
UNITED NATIONS — Chinese leader Xi Jinping said on Tuesday that China would not build new coal-fired power projects abroad, using his address at the United Nations General Assembly to add to pledges to deal with climate change. And I’m absolutely delighted to hear that President Xi has made this important decision," Kerry said in a statement. "It is clear the writing is on the wall for coal power. I welcome President Xi’s commitment to stop building new coal projects abroad — a key topic of my discussions during my visit to China," he said on Twitter. Xi spoke after U.S. President Joe Biden gave his first United Nations address.
Persons: Xi Jinping, Xi, António Guterres, John Kerry, Kerry, We’ve, Alok Sharma, Xi’s, Joe Biden, Biden, China's ascendance, Qilai Shen, Donald Trump, Justin Guay, Guterres Organizations: UNITED, United Nations General Assembly, NBC, United, Twitter, U.S, United Nations, Bloomberg, Getty, Sunrise, Congress Locations: China, Paris, South Korea, Japan, Glasgow, Scotland, Tongling, United States, Beijing
That would have the effect of letting Republicans avoid voting for a debt limit increase ahead of next year's congressional elections. After the House vote, McConnell and fellow Republican Senator Richard Shelby said they had introduced a bill to fund current government operations through Dec. 3, but without raising the debt limit. Democrats have resisted doing that so far, saying the vote to raise the debt limit should be a bipartisan one. The Treasury Department will some time in October exhaust its borrowing authority unless the debt limit is raised. Republicans said they would support a temporary spending bill to avert a shutdown if the debt limit extension were stripped out of the bill.
Persons: Jonathan Ernst WASHINGTON, Nancy Pelosi, Chuck Schumer, Mitch McConnell's, McConnell, Richard Shelby, Schumer, Pelosi, Joe Biden, They’re, Republican Steve Scalise, Donald Trump's, Richard Cowan, Susan Cornwell, David Morgan, Scott Malone, Kieran Murray, Peter Cooney Organizations: Capitol, J6, REUTERS, Republicans, Senate, White, Democratic, Treasury Department, Democrats, Social Security, Republican, Thomson Locations: Washington , U.S, America, U.S
White flags commemorate 600,000 American lives lost to COVID
  + stars: | 2021-09-22 | by ( ) www.reuters.com   time to read: 1 min
Haitians fleeing a country hammered by political turmoil and two natural disasters make up most of the thousands of migrants sleeping on the ground and desperate for food in a squalid camp under a bridge in southern Texas, in a growing humanitarian and political challenge for U.S. President Joe Biden.
Persons: Joe Biden Organizations: U.S Locations: Texas
CANBERRA, Sept 22 (Reuters) - An Australian-EU trade deal would be mutually beneficial and allow EU members a greater presence in the Indo-Pacific, said Australia's trade minister, as Canberra tries to repair ties with Paris after the scrapping of a $40 billion submarine deal. In solidarity with France, EU lawmakers have publicly questioned whether a trade deal with Australia could be possible. Australia's Minister for Trade Dan Tehan on Wednesday urged the EU to progress ahead with a trade deal. Australia and the EU are set to hold the next round of talks on a trade deal on Oct 12. Morrison is in the United States to attend the quadrilateral security dialogue, made up of India, Japan, the United States and Australia - which convenes later this week.
Persons: Navy's Collins, Waller, Collins, Trade Dan Tehan, Tehan, Scott Morrison, Charles Michel, Morrison, Joe Biden, Emmanuel Macron, Colin Packham, Michael Perry Organizations: Royal, EU, Canberra, Paris, France's Naval Group, U.S, Trade, Wednesday, United Nations, Australia's, Thomson Locations: Sydney Harbour, CANBERRA, Australian, EU, Australia, France, United States, Canberra, Washington, New York, India, Japan
Texas Governor Greg Abbott lauded state troopers for erecting a "steel barrier" of vehicles to stop people from crossing into the US. He said Texas is sending a message to those thinking about crossing the border that they may be jailed. Thousands of refugees seeking to enter the US are camped underneath a bridge in Del Rio, Texas. Thousands of Haitian refugees are camped underneath a bridge in Del Rio, Texas — a border town of around 35,000 on the about 150 miles west of San Antonio. It's unclear why so many migrants have amassed at Del Rio so quickly, but misinformation that the border would be easier to cross there may have played a part, reported The New York Times.
Persons: Greg Abbott, Abbott, Jovenel Moïse, Joe Biden, Jozef, Biden Organizations: Texas, Service, Policy, Texas Department of Public Safety, DPS, Migrants, White, Department of Homeland Security, CNN, Del, New York Times, Haitian Bridge Alliance, Times Locations: Texas, Del Rio , Texas, San Antonio, Haiti, Del Rio
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf the U.S. can balance 'high-wire act' with China, it'll be positive for the world: UN analystAshish Pradhan of the International Crisis Group says U.S. President Joe Biden did his best in using the United Nations General Assembly as a platform to reset the tone in how the country is viewed around the world.
Persons: it'll, Ashish Pradhan, Joe Biden Organizations: Crisis Group, United Nations General Assembly Locations: U.S, China
Sometime in October, the Treasury Department will exhaust its borrowing authority unless the debt limit is raised. The bill would suspend the limit on government borrowing through December 2022. The current debt ceiling already has been breached, with debt at $28.78 trillion. Republicans said they would support a temporary spending bill to avert a shutdown if the debt limit extension were stripped out of the bill. Schumer said much of the latest debt is related to spending that Republicans supported during Donald Trump's presidency, including last December's emergency COVID-19 relief bill.
Persons: Jonathan Ernst WASHINGTON, Nancy Pelosi, Chuck Schumer, Mitch McConnell's, McConnell, Joe Biden's, Schumer, Pelosi, They’re, Republican Steve Scalise, Donald Trump's, Richard Cowan, David Morgan, Scott Malone, Dan Grebler Organizations: Capitol, J6, REUTERS, Democrat, Democratic, Senate, Republicans, Republican, Democrats, Treasury Department, Social Security, Thomson Locations: Washington , U.S, America, U.S
WASHINGTON — A long-delayed bill to provide financial support to U.S. government personnel believed to be suffering from Havana Syndrome is headed to President Joe Biden’s desk after the House passed it Tuesday. NBC News reported that diplomats affected by Havana Syndrome voiced frustration over continuing challenges in getting medical care and benefits in a tense hourlong conversation with Secretary of State Antony Blinken this month. The first incidents of the syndrome “medically confirmed” by the U.S. government were in Havana in 2016 and 2017. Many U.S. workers thought to be suffering from Havana Syndrome reported hearing a loud sound and feeling pressure in their heads. For years, those who have come forward reporting potential Havana Syndrome have complained about immense bureaucratic hurdles to getting proper medical care.
Persons: WASHINGTON, Joe Biden’s, Biden, Sen, Susan Collins, , Collins, Jeanne Shaheen, Democrat Mark Warner of Virginia, Republican Marco Rubio, Antony Blinken, Blinken, Kamala Harris ’, William Burns, Rubio, ” Rubio Organizations: American, Neurological, White, Senate Intelligence, Democrat, Republican, NBC News, Havana Syndrome, CIA, State Department, U.S, NATO, National Academies of Science Locations: U.S, Havana, HAVANA, Maine, Republican Marco Rubio of Florida, Cuba, China, Vietnam, India, Western Europe, Austria, Germany, Russia
Khatibzadeh spoke as Iran's new foreign minister, Hossein Amirabdollahian, was in New York for the annual U.N. General Assembly, where he was expected to discuss reviving the nuclear deal with other governments. Iran has refused to meet with U.S. negotiators in the nuclear talks; Washington and Tehran must pass messages through European intermediaries, instead. All parties must stay true to the nuclear deal," Raisi said in a recorded speech by video. The monitoring regime was introduced as part of the 2015 nuclear deal. The U.S. will discuss how to proceed with Iran in talks with European allies and other world powers in New York on Wednesday.
Persons: Saeed Khatibzadeh, IRNA, Khatibzadeh, Hossein Amirabdollahian, Ebrahim Raisi, Trump, Donald Trump, Joe Biden, We're, Biden, Raisi, Antony Blinken Organizations: Foreign Ministry, General Assembly, European Union, Iranian, U.S, Biden, U.S ., U.K, General, ., Capitol, Trump, International Atomic Energy Agency, . Security Locations: WASHINGTON, Iran, Vienna, Tehran, Iranian, New York, France, Germany, U.S, Washington, China, Russia, Afghanistan, Australia
WASHINGTON (Reuters) - Divisions between progressives and moderates are bedeviling U.S. Democrats as they struggle to advance President Joe Biden’s agenda, with the fate of the $3.5 trillion social spending legislation they hope to pass hanging in the balance. “If the Senate can’t do 3.5, we’ve got to see what they can do,” Hoyer said. “I will not vote for a reconciliation package lower than 3.5. trillion,” Representative Jamaal Bowman declared outside the Capitol. Moderates like Manchin, who represents heavily Republican West Virginia, say they will not vote for $3.5 trillion in social spending. Another House progressive, Representative Rashida Tlaib, said she was “absolutely” worried about the social spending package being cut back too much.
Persons: Joe Biden’s, Joe Biden, Gavin Newsom, Leah Millis, Steny Hoyer, Joe Manchin, we’ve, ” Hoyer, , Jamaal Bowman, Bowman, Manchin, Rashida Tlaib, , Tlaib, Alexandria Ocasio, Cortez, ” Ocasio Organizations: WASHINGTON, U.S, Democrats, California, Long Beach City College Liberal Arts Campus, REUTERS, Progressive Democrats, Capitol, Republican, Senate Locations: Long, Long Beach , California, U.S, Republican West Virginia, Detroit, Cortez
From 2001 through April, about 66,000 Afghan military and police members were killed in Afghanistan, alongside 2,448 U.S. service members. The abrupt U.S. exit from Afghanistan likely forced the Afghan military to fight under unfamiliar conditions, ultimately leading to collapse — and the humanitarian catastrophe we are now witnessing. Our military allies in both countries simply do not know how to fight effectively on more conventional battlefields without U.S. support. If we are willing to maintain huge troop numbers to support our allies in Europe and East Asia, then why not even a small footprint in the Middle East? Indeed, if we are willing to maintain huge troop numbers to support our allies in Europe and East Asia, then why not even a small footprint in the Middle East?
Persons: Joe Biden, ” Biden, Barack Obama, Donald Trump, Trump, quagmire, , “ Biden, Biden, Bashar al, Assad, Organizations: United Nations General Assembly, Afghan, U.S ., Islamic State, ISIS, Iraqi, Kurdistan Regional Government, Global Coalition, United, Syrian Democratic Forces, Coalition, NATO, East Locations: Afghanistan, , United States, U.S, Germany, Japan, South Korea, Russia, China, Iraq, United, Iraqi, Syria, Kobani, Turkish, Kabul, Europe, East Asia, North Korea, East
Inside the U.N. General Assembly
  + stars: | 2021-09-21 | by ( Canice Leung | ) www.reuters.com   time to read: 1 min
Haitians fleeing a country hammered by political turmoil and two natural disasters make up most of over 15,000 migrants sleeping on the ground and desperate for food in a squalid camp under a bridge in southern Texas, in a growing humanitarian and political challenge for U.S. President Joe Biden.
Persons: Joe Biden Organizations: U.S Locations: Texas
U.S. debt limit is not a partisan issue, White House says
  + stars: | 2021-09-21 | by ( ) www.reuters.com   time to read: +1 min
Clouds pass over the White House in Washington, U.S., September 21, 2021. REUTERS/Joshua RobertsWASHINGTON, Sept 21 (Reuters) - President Joe Biden's administration will continue to argue that the U.S. debt limit is not a partisan issue and push Republicans and Democrats to vote to raise it, White House press secretary Jen Psaki said on Tuesday. "We will continue to make the case that it should be" raised, Psaki told reporters on board Air Force One. "It is not a partisan issue to want to protect the full faith and credit of the United States, and... we will continue to press for bipartisan support for moving forward." Republicans have refused to vote to increase the debt limit, citing Democrats' spending plans on infrastructure and social programs.
Persons: Joshua Roberts WASHINGTON, Joe Biden's, White, Jen Psaki, Psaki, Donald Trump's, Heather Timmons, Chris Reese, Dan Grebler Organizations: White, REUTERS, Air Force, Republicans, Thomson Locations: Washington , U.S, United States
Social media users are sharing a screenshot showing part of a satirical article that claims screaming expletives about U.S. President Joe Biden is illegal. The description in one post reads: “So now it’s dangerous and illegal?!?! Reuters found no evidence that saying expletives at a president would be illegal. “What the First Amendment does is it protects our right to say anything subject only to very limited exceptions,” Goldberg said. It is not illegal to curse about the president.
Persons: expletives, Joe Biden, Biden, Eugene Bischvetz, , Clay Calvert, Marion, ” Calvert, Cohen, Kevin Goldberg, ” Goldberg, Goldberg, Read Organizations: ” Reuters, Reuters, U.S . Constitution, University of Florida, U.S, Supreme, Freedom Locations: U.S ., Cohen v . California
Robin Geoulla had doubts about the automated driving technology equipped on his Tesla Model S when he bought the electric car in 2017. She said there is no comparison between Tesla’s Autopilot and the more rigorous autopilot systems used in aviation that involve trained pilots, rules addressing fatigue and testing for drugs and alcohol. The current NHTSA investigation of Autopilot in effect reopens the question of whether the technology is safe. He told regulators the request was “grossly overbroad” and that it would be impossible to catalog all concerns raised during Autopilot’s development, according to correspondence reviewed by Reuters. NHTSA will conduct our own independent validation and analysis of all information,” NHTSA told Reuters.
Persons: Robin Geoulla, Geoulla, Tesla, we’re, Jennifer Homendy, , Elon Musk, , Raj Rajkumar, Tesla’s, Todd Maron, Maron, Donald Trump’s, Joe Biden, Homendy Organizations: Tesla, National Transportation Safety Board, NTSB, Traffic Safety Administration, Reuters, NHTSA, Carnegie Mellon University, U.S, Regulators Locations: California, U.S, Williston , Florida
The speech will be Biden’s first as president at the meeting, which will look much different from past gatherings with many world leaders opting to deliver their remarks virtually. “America is back,” Biden said during a meeting with the U.N. secretary general Monday. Among the challenges Biden plans to address are the Covid pandemic, climate change, trade and economics, investments in clean infrastructure, counterterrorism, and “vigorous competition with great powers, but not a new Cold War,” the official said. This year’s gathering of world leaders will be largely scaled down because of the pandemic. The UN has said that 83 leaders will make their remarks in person with the rest of the global leaders’ making pre-recorded remarks.
Persons: Joe Biden, Biden, Scott Morrison, Boris Johnson, ” Biden, , we’ve, , America's, Emanuel Macron, Jen Psaki, Still, Organizations: WASHINGTON, United Nations General Assembly, Australian, White, United Nations, NATO, French, World Health Organization, WHO, The, U.S, Trump, Covid, UN Locations: Afghanistan, New York, U.S, France, Australia, United Kingdom, United States, The U.S, Europe
Johnson & Johnson said Tuesday a second shot of its Covid-19 vaccine given about two months after the first increased its effectiveness to 94 percent in the United States against moderate to severe forms of the disease. Download the NBC News app for breaking news and politicsThe company has now "generated evidence that a booster shot further increases protection against Covid-19," Dr. Paul Stoffels, J&J’s chief scientific officer, said in a statement Tuesday morning. People line up for Johnson & Johnson vaccines at the Broadway Junction subway station in Brooklyn, N.Y., in May. Vaccine effectiveness in the real world study varied by age. For those under age 60, the vaccine was 86 percent effective at preventing hospitalization versus 78 percent for those 60 and older.
Persons: Johnson, Joe Biden, Dr, Paul Stoffels, J, Spencer Platt Organizations: NBC, Covid, Pfizer Inc, Biden, Johnson, Broadway, Getty, Pfizer, FDA, World Health Organization Locations: United States, Brooklyn, N.Y, Covid
REUTERS/Larry DowningHere are five things to look for from the meeting, which wraps up on Wednesday at 2 p.m. Quarterly projections due on Wednesday could muddy that distinction if they show Fed policymakers pulling forward to 2022 their expectation for that first rate hike. Weeks later the nation could run out of funds to pay its bills. CHANGE AT THE TOPThis week’s meeting is the last before changes in Fed leadership that could prove to be anywhere from measured to historic, depending on how U.S. President Joe Biden uses the opportunity. MARKETS, ETHICSOther issues are also battling for Fed policymakers’ attention.
Persons: Larry Downing, Jerome Powell, Weeks, Janet Yellen, Powell, Joe Biden, Randal Quarles ’, Biden, reappoint Powell, Richard Clarida, Elizabeth Warren Organizations: Reuters, Federal Reserve, Open, REUTERS, Fed, China Evergrande Locations: Washington, U.S
(Reuters) - Robin Geoulla had doubts about the automated driving technology equipped on his Tesla Model S when he bought the electric car in 2017. She said there is no comparison between Tesla’s Autopilot and the more rigorous autopilot systems used in aviation that involve trained pilots, rules addressing fatigue and testing for drugs and alcohol. The current NHTSA investigation here of Autopilot in effect reopens the question of whether the technology is safe. He told regulators the request was “grossly overbroad” and that it would be impossible to catalog all concerns raised during Autopilot’s development, according to correspondence reviewed by Reuters. NHTSA will conduct our own independent validation and analysis of all information,” NHTSA told Reuters.
Persons: Robin Geoulla, Geoulla, Tesla, we’re, Jennifer Homendy, , Elon Musk, , Raj Rajkumar, Tesla’s, Todd Maron, Maron, Donald Trump’s, Joe Biden, Homendy Organizations: Reuters, Tesla, FIRST, REUTERS, National Transportation Safety Board, NTSB, Traffic Safety Administration, Tesla Inc, NHTSA, Carnegie Mellon University, U.S, Regulators Locations: Eaton County , Michigan, U.S, California, Williston , Florida
TOKYO (Reuters) - Mitsubishi UFJ Financial Group (MUFG) is pulling back from U.S. retail banking with the $8 billion sale of MUFG Union Bank (MUB) to U.S. Bancorp as digital technology and industry consolidation squeeze out smaller lenders. Signboards of MUFG Bank are seen in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai/FilesThe deal includes $5.5 billion in cash and $2.5 billion worth of shares that will give Japan’s biggest lender a 2.9% stake in Minneapolis-based Bancorp, which will become the fifth largest bank in the United States, the banks said on Tuesday. The deal with Bancorp comes as MUFG shifts its focus more to other parts of Asia. With assets of $132 billion, it provides corporate, commercial and retail banking as well as wealth management.
Persons: Toru Hanai, Morgan Stanley, ” Morito Emi, , , Emi, Donald Trump, Joe Biden’s Organizations: Mitsubishi UFJ Financial, MUFG Union Bank, U.S . Bancorp, MUFG Bank, REUTERS, Bancorp, Mitsubishi, Mitsubishi Union Bank Locations: TOKYO, U.S, Tokyo, Japan, Minneapolis, United States, West Coast, Asia, MUB, MUFG’s U.S
WASHINGTON (Reuters) - The fundraising arm of the Democratic Party boosted cash transfers to its Virginia state affiliate in August as the party seeks to hold on to the state’s governorship in a closely fought Nov. 2 election. REUTERS/Evelyn HocksteinA campaign finance disclosure filed on Monday showed the Democratic National Committee (DNC) gave nearly $700,000 last month to the Democratic Party of Virginia. That roughly equaled the sum the DNC had transferred to the state party in the prior six months. Former Virginia Governor Terry McAuliffe, a Democrat, is facing Republican businessman Glenn Youngkin in the gubernatorial election. Current Virginia Governor Ralph Northam, a Democrat, cannot seek re-election because of a state rule barring governors from serving consecutive terms.
Persons: Terry McAuliffe, Evelyn Hockstein, Glenn Youngkin, Joe Biden’s, McAuliffe, Ralph Northam, Phil Murphy, Jack Ciattarelli, Murphy, Gavin Newsom, Newsom Organizations: WASHINGTON, Democratic Party, REUTERS, Democratic National Committee, Democratic Party of Virginia, DNC, Former Virginia, Democrat, Republican, New, U.S . House, New Jersey Democratic, Republican National Committee, RNC, Democratic, Republicans, U.S, Federal, Commission Locations: Virginia, Arlington , Virginia, U.S, New Jersey, California
Some 14,000 mostly-Haitian migrants settled under a bridge in Del Rio, Texas, on Friday. The Biden administration is using Title 42 to deport the migrants and prevent the spread of COVID-19. Photos captured between Friday, September 17, and Monday, September 20 show Haitian migrants trying to navigate the humanitarian crisis at the US and Mexico border. Some of the estimated 14,000 mainly Haitian migrants that ended up in Del Rio, Texas, seeking asylum following a massive earthquake and the assassination of the Haitian president, began heading back to Ciudad Acuña, Mexico, on Monday, to avoid being deported by the US. Thousands of migrants had settled underneath a bridge in Del Rio, Texas, in the heat where essentials such as food, water, and restrooms were scarce.
Persons: Biden, Joe Biden Organizations: The New York Times Locations: Del Rio , Texas, COVID, Mexico, Ciudad Acuña, Haiti, The
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