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She is now working on the cause that has brought the divided nation together: the war effort. Tzvi Shore, right, with a group of American and British teenagers who came to Israel to join the army. As Israel grieves and goes on the offensive, some of the deep, long lasting divisions have been put aside. No bottled waterIn Ashkelon, an Israeli city that lies just a few kilometers north of Gaza, the war feels much more imminent. Despite the differences, the women have been working tirelessly next to each other for hours – because the occasion calls for it.
Persons: Jerusalem CNN — Michal Muszkat, Barkan, Benjamin Netanyahu, , Tzvi Shore, Ivana Kottasova, CNN “, Israel grieves, Israel, , Nissan Gampel, Gampel, CNN Shahar Biton, , Shore, Zalman Schultz, Abraham, Neta Simon, Natalie Parry, Bat Zion, Noga Doron, Jaara, CNN Simon, Zion Fisch Organizations: Jerusalem CNN, Hebrew Union College, Hamas, CNN, Sunday, Jerusalem Emergency Command, Nissan, Israel, Front Command, Ashkelon Barzilai Medical, Volunteers, Israel Defense Forces, Abraham Initiatives, escalations Locations: Jerusalem, Gaza, Israel, Ashkelon, Egypt,
ECB's Stournaras interview with Reuters
  + stars: | 2023-10-12 | by ( ) www.reuters.com   time to read: +9 min
Member of the ECB governing council and Governor of the Bank of Greece, Yannis Stournaras talks during an interview with Reuters in Athens, Greece, October 11, 2023. The rise in bond yields means that financial conditions are even tighter Than before given monetary policy decisions. A: I think we should act only based on monetary policy reasons and justifications. And for the moment I see no reason why we should tighten monetary policy now because increasing the minimum requirements will imply monetary policy tightening. So, we have a pipeline of monetary policy tightening which has been decided in the past.
Persons: Yannis Stournaras, Louisa Gouliamaki, European Central Bank policymaker Yannis Stournaras, it's, I'm, reinvestments, Francesco Canepa Organizations: Bank of Greece, Reuters, REUTERS, Rights, European Central Bank policymaker, ECB, European Commission, Governing, Thomson Locations: Athens, Greece, Palestine, Russia, Ukraine, Iran, China, Europe, Israel, Italy
Israel told Chevron to shut down a major natural gas field, and it's threatening to further spike prices of the fuel. The world's natural gas market has already been rocked by the war in Ukraine and threats of a strike in Australia. Some Israeli gas from Tamar is exported to Egypt, which processes the fuel into LNG that's exported to the EU. AdvertisementAdvertisementBrace for bad news ahead of winter: Natural gas prices could spike as energy giant Chevron halted operations at a major Israeli gas field following orders from authorities. Dutch TTF natural gas futures closed 12.5% higher at 49.455 a megawatt-hour on Tuesday.
Persons: Israel, , Tamar, Israel isn't, Chevron, It's, Gergely Molnar Organizations: Chevron, EU, Service, Energy, Bloomberg, International Energy Agency, P Global Locations: Ukraine, Australia, Tamar, Egypt, Israel, Houston, Europe
People carry bodies of Palestinians killed during an Israeli airstrike prior to their burial in Khan Younis, Gaza, on Wednesday, October 11. Tamir Kalifa/The New York Times/Redux Palestinians walk amid the rubble following Israeli airstrikes in Gaza City on October 10. Samar Abu Elouf/The New York Times/Redux Children run for cover as bombs fall near the Al-Shifa Hospital in Gaza City on October 9. Ronen Zvulun/Reuters Palestinians inspect the damage following an Israeli airstrike on the Sousi mosque in Gaza City on October 9. Eyad Baba/AFP/Getty Images Relatives of Palestinians killed on Saturday, October 7, mourn at the morgue of a hospital in Gaza.
Persons: Omar Ghraieb, Gaza CNN — Omar Ghraieb, Khan, Abed Rahim Khatib, Yahya Hassouna, Mapal Adam, Francisco Seco, Baz Ratner, Agha, Ibraheem Abu Mustafa, Jack Guez, Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, Mohammed Salem, CNN Sergey Ponomarev, Mohammed Abed, Eden Guez, Violeta Santos Moura, Atef Safadi, Fatima Shbair, Tamir Kalifa, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Yuri Cortez, Belal Khaled, Samar Abu, Amir Cohen, Ilai Bar Sade, Erik Marmor, Ali Jadallah, Oren Ziv, Mohammed Saber, Ronen Zvulun, Majdi, Ilia Yefimovich, Ramez Mahmoud, Mahmud Hams, Roi Levy, Alleruzzo, Tali Touito, Jalaa Marey, Oded, Khan Younis, Ahmad Hasballah, Mohammed Fayq Abu Mostafa, Tsafrir, Ahmad Gharabli, Mustafa Hassona, Ilan Rosenberg, Eyad Baba, Itai Ron, Hadas Parush, I’ve Organizations: CNN, Gaza CNN, Getty, Reuters, Israel Defense Forces, New York Times, Nova Festival, Ben Gurion, AP, Mount, Anadolu Agency, Shifa, West Bank, Rockets, Israel's, United Nations, Palestinian, Reuters Police, Reuters Rockets Locations: Gaza, Khan Younis, Gaza City, AFP, Tel Aviv, Israel, Be'eri, Modiin Maccabim, Kfar Aza, Ashkelon, Mount Herzel, Jerusalem, Samar, Samar Abu Elouf, Yassin, Palestinian, Beitar Ilit, Mount Herzl, Sderot, Ramat Gan, Israeli, Kiryat Shmona, Itai, Beit Hanun, Rishon Lezion
Jamie Kelter Davis | Bloomberg | Getty ImagesA recession has been in the forecast for much of 2023. "A recession is obviously going to happen at some point," said Jack Manley, global market strategist at JPMorgan Asset Management. Those factors may prompt the Federal Reserve to keep interest rates higher for longer, Aleman said. Experts say the key is to automate your savings so you do not even see the money in your paycheck. Another advantage to saving now: Rising interest rates mean the potential returns on that money are the highest they have been in 15 years.
Persons: Jamie Kelter Davis, Jack Manley, , Eugenio Aleman, Raymond James, Aleman, Manley, Barry Glassman, CNBC.com, Glassman, Mark Hamrick, Matt Schulz, Schulz Organizations: Bloomberg, Getty, Asset Management, National Association for Business Economics, Finance, Federal Reserve, Wealth Services, CNBC's, Bankrate Locations: Chicago
Given record-high interest rates, now is not the time to be taking on more credit card debt. The Federal Reserve is expected to further hike interest rates before the end of the year, and the average credit card interest rate is already at an all-time high. Automated payment options can help credit card holders bypass late payment fees. "You can set it up for a lower payment," said Sara Rathner, credit cards expert and writer at NerdWallet, referring to a monthly automated card payment. "There's no penalty charge on your card if you pay your statement balance before the due date," Ewen added.
Persons: Sara Rathner, Nick Ewen, Guy, Ewen Organizations: Federal, Finance
REUTERS/Yuri Gripas/File Photo Acquire Licensing RightsMARRAKECH, Morocco, Oct 10 (Reuters) - Senior executives at multilateral development banks will meet on Wednesday with the top credit ratings agencies, bank executives said, amid a broad push to expand their lending capacity and help countries brace for climate change and other challenges. The World Bank's main lending arms could expand their lending capacity by nearly $900 billion if the ratings agencies changed their processes and modified the allowance they make for callable capital, a study commissioned by Rockefeller found. Lakshmi Shyam-Sunder, the World Bank's chief risk officer, said the ratings agencies had shown some openness to considering revisions in how they treat callable capital in the banks' balance sheets. Casali said Wednesday's meeting, on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Morocco, would include officials from the World Bank, the Asian Development Bank and the African Development Bank, along with the three top credit raters - Moody's, Standard & Poor's and Fitch. Currently, the ratings agencies apply widely different rules and standards in assessing the risks associated with the banks' lending and balance sheets.
Persons: Yuri Gripas, Roberta Casali, Rockefeller, Lakshmi Shyam, Sunder, Casali, Fitch, Ajay Banga, Janet Yellen, Andrea Shalal, David Lawder, Leslie Adler Organizations: Monetary Fund, REUTERS, Rights, Asian Development Bank, Rockefeller, AAA, International Monetary Fund, World Bank, African Development Bank, Poor's, World, Reuters, U.S, Treasury, Thomson Locations: Washington , U.S, Rights MARRAKECH, Morocco
Mexico's Pacific beach towns brace as Lidia becomes hurricane
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: +2 min
Hurricane-force winds and flooding rains should begin to hit Mexico on Tuesday, the center said. The NHC warned of hurricane conditions from southern Jalisco state up to the Islas Marias off the Nayarit coast, and tropical storm conditions stretching north to Mazatlan and south to Manzanillo. A storm surge could also produce "significant coastal flooding" around where Lidia makes landfall, it added. This comes as Storm Max, which hit the southern state of Guerrero on Monday, weakens as it travels inland. The NHC warned that Max would bring strong winds across the southern coastline Monday night and could still produce flash flooding and mudslides across Guerrero and neighboring Michoacan states.
Persons: Storm Lidia, Lidia, Storm Max, Max, Sarah Morland, Diego Ore, Lincoln, Gerry Doyle Organizations: MEXICO CITY, U.S, National Hurricane Center, NHC, Thomson Locations: MEXICO, Mexico, Hurricane, Puerto Vallarta, Jalisco, Islas Marias, Nayarit, Mazatlan, Manzanillo, Sinaloa, California, Guerrero, Michoacan
U.S. Colleges Brace for Tensions From Opposing Groups
  + stars: | 2023-10-09 | by ( ) www.wsj.com   time to read: +1 min
College campuses around the U.S. braced for tensions Monday as opposing groups spoke out about whether Gaza or Israel was to blame in the escalating conflict. At Harvard University, a joint statement signed by 31 student organizations said they “hold the Israeli regime entirely responsible for all unfolding violence.” At the University of California, Berkeley, the local chapter of Students for Justice in Palestine issued a statement denouncing the Israeli occupation of Gaza. Matt Vogel, executive director of Hillel, the Jewish student group, at the University of Vermont, posted on Instagram that campus police would increase patrols by the school’s Hillel house this week where a vigil in support of Israel is planned. More than 45 faculty are organizing a teach-in to provide students with historical context, he said. “We keep the memories of those murdered alive and we will keep hope alive for those who are held captive,” Vogel wrote on Instagram.
Persons: Matt Vogel, Hillel, , ” Vogel Organizations: Harvard University, University of California, Justice, University of Vermont Locations: U.S, Gaza, Israel, Berkeley, Palestine, Instagram
LONDON, Oct 8 (Reuters) - Arsenal moved level on points with neighbours Tottenham Hotspur at the top of the Premier League after beating champions Manchester City on Sunday as Liverpool were held to a 2-2 draw at Brighton & Hove Albion. Mohammed Kudus scored an 89th-minute equaliser to earn West Ham a point against Newcastle United in a 2-2 draw and Aston Villa stayed fifth in the standings after drawing 1-1 at Wolverhampton Wanderers. Arsenal came into the match having not beaten City in the league since 2015, a run of 15 games -- their longest winless streak against a single opponent in league history. Arsenal did not have a single shot on target in the opening period, but upped the tempo after the break. West Ham retained their grip on seventh place while Newcastle are eighth, a point behind.
Persons: Mohammed Kudus, Aston Villa, Declan Rice, Martinelli, Nathan Ake, Ederson, Mikel Arteta, Lewis Dunk, Mohamed Salah's, Simon Adingra, Alexis Mac Allister, Salah, Dominik Szoboszlai, Dunk, Juergen Klopp, Alexander Isak's quickfire, Tomas Soucek, West, Kudus, Ham, Defender Pau Torres, Villa, Hwang Hee, chan, Pedro Neto's, Torres, Ollie Watkins, Mario Lemina, Peter Hall, Ed Osmond Organizations: Arsenal, Tottenham Hotspur, Premier League, Manchester City, Liverpool, Brighton & Hove Albion, West, Newcastle United, Aston, Wolverhampton Wanderers, Emirates, Spurs, Brighton, Seagulls, Sky Sports, London, Newcastle, Defender, Wolves, Thomson Locations: West Ham, BRIGHTON, Liverpool
In Canada, homeowners can take out five-year mortgages, unlike in the U.S. where customers can snag a 30-year mortgage. In some cases, renewed home loan rates could reach 7%, which would push up the average Canadian mortgage by at least a few hundred dollars per month, mortgage brokers estimate. Canadians are already struggling to repay their debts amid high costs of living and rising interest rates. "This dramatic rise in bond yields means that when the computer chugs along and sets up the rates for next week, they will be using higher rates based on these high bond yields," Toronto-based mortgage broker Ron Butler said. He suggests that the spike in bond yields over the past month could on average add C$600 in monthly payments.
Persons: Lars Hagberg, Daniel Vyner, Wowa, Ron Butler, Justin Trudeau's, Hanif Bayat, Butler, Nivedita Balu, Fergal Smith, Denny Thomas, Josie Kao Organizations: REUTERS, Rights, Capital, Bank of, Canada Mortgage, Housing Corp, Bank of Canada, Mortgage Professionals Canada, Thomson Locations: Ottawa , Ontario, Canada, U.S, Toronto
The widely followed energy analyst is often ahead of the curve, including in early 2020 when he warned that oil prices could dip negative. And if there's a recession, less economic activity should lead to even lower oil prices. However, higher oil prices would further weigh on demand from consumers and businesses, which raises the risk of causing — or worsening — a recession. Paul Sankey, Sankey Research (based on Bloomberg data)Although refining margins have downward momentum, Sankey said a long oil market drawdown isn't necessarily a foregone conclusion. Geopolitical tensions are an increasingly serious threat, JPMorgan CEO Jamie Dimon has recently warned, and a sudden conflict breakout could cause oil prices to surge.
Persons: Paul Sankey, Sankey, Platts, It's, it's, they're, Jamie Dimon, he's Organizations: Sankey Research, Mizuho, Wolfe Research, Deutsche Bank . Institutional Investor, JPMorgan, OPEC, Bloomberg, Federal Reserve, Exxon, Chevron, Valero, Plains, American Pipeline, Labor Locations: Saudi Arabia, Saudi, Russia, Kazakhstan, China, India, Africa, Latin America, Europe, San Antonio
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Persons: Dow Jones Organizations: uaw
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/autos/uaw-strike-enters-fourth-week-companies-brace-for-more-walkouts-4ad1af2d
Persons: Dow Jones Organizations: uaw
European stocks moved higher on Friday as market participants brace themselves for U.S. jobs data later in the session. The pan-European Stoxx 600 index was up 0.5% in early trade, with insurance stocks adding 1.2% to lead gains as most sectors and major bourses nudged into positive territory. Economists surveyed by Dow Jones expect that September will show a net 170,000 new jobs — significantly more than that could provide a good-news-is-bad-news jolt to an already reeling market. The pan-European Stoxx 600 closed 0.3% higher on Thursday, following three consecutive negative trading sessions at the start the fourth quarter. The rate on the 10-year Treasury note slipped from highs last seen in 2007 earlier in the week and held steady at around 4.7276% on Friday.
Persons: nonfarm, Dow Jones Organizations: U.S, Wall, Federal Reserve Locations: Asia, Pacific
Stocks slumped and bond yields surged as investors brace for higher for longer interest rates. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementThe US economy is still burning hot – and it's the worst possible thing for markets to take in right now. AdvertisementAdvertisementInvestors are repricing their interest rate expectations through the rest of the year. Higher rates, and in turn higher bond yields, present a triple whammy, hitting stocks, bonds, and the wider economy.
Persons: Stocks, , That's, Blanke, Robert Schein, Michelle Cluver Organizations: Service, of Labor Statistics, Dow Jones, Treasury, Wealth, New, Fed
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. The dollar index , which earlier in the week hit a roughly 11-month high of 107.34, last settled at 106.37, but remained on track for 12 straight weeks of gains. The benchmark 10-year Treasury yield last stood at 4.7269%, while the two-year yield settled at 5.0267%. The pause in the dollar's rally has also provided a much-needed reprieve for the yen , which last bought 148.48 per dollar. Sterling edged 0.03% lower to $1.2188 and was likewise headed for five straight weeks of losses, struggling against a dominant dollar.
Persons: Rick Wilking, Rodrigo Catril, We've, Vishnu Varathan, Thierry Wizman, Rae Wee, Shri Navaratnam Organizations: REUTERS, Rights, . Treasury, greenback, U.S, Treasury, National Australia Bank, Bank of Japan, Ministry of Finance, Mizuho Bank ., Sterling, European Central Bank, Bank of England, Reserve Bank of Australia, New Zealand, Reserve Bank of New, Thomson Locations: Westminster , Colorado, Rights SINGAPORE, U.S, Reserve Bank of New Zealand
The dollar dipped on Friday but traders were largely keeping to the sidelines in both the currency and U.S. Treasury markets as they looked to U.S. nonfarm payrolls data later in the day for potential catalysts. The dollar index , which earlier in the week hit a roughly 11-month high of 107.34, last settled at 106.37, but remained on track for 12 straight weeks of gains. The benchmark 10-year Treasury yield last stood at 4.7269%, while the two-year yield settled at 5.0267%. The pause in the dollar's rally has also provided a much-needed reprieve for the yen , which last bought 148.48 per dollar. Sterling edged 0.03% lower to $1.2188 and was likewise headed for five straight weeks of losses, struggling against a dominant dollar.
Persons: Rodrigo Catril, We've, Vishnu Varathan, Thierry Wizman Organizations: . Treasury, greenback, U.S, Treasury, National Australia Bank, Bank of Japan, Ministry of Finance, Mizuho Bank ., Sterling, European Central Bank, Bank of England, Reserve Bank of Australia, New Zealand, Reserve Bank of New Locations: U.S, Reserve Bank of New Zealand
Workers, brace yourselves: You're probably going to get a smaller raise in 2024 than you did this year. Recent surveys show employers are budgeting less for merit-based raises next year. Many workers already effectively took a pay cut last year when their raises didn't keep pace with inflation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Two recent surveys suggest that employers will be making smaller merit-based raises next year.
Persons: , Mercer Organizations: Service, Aon, Bloomberg, HR
CNN —Inter Miami suffered a chastening Major League Soccer defeat by Chicago Fire on Wednesday – losing 4-1 – with talisman Lionel Messi missing through injury yet again. Messi has now missed the last four matches and his team has struggled to fill the gap left by the 36-year-old forward. Late last month, Miami manager Gerardo Martino said Messi was dealing with an old scar tissue problem. Michael Reaves/Getty ImagesWith doubts around whether Messi would play the match at Chicago’s Soldier Field, the hosts offered fans a financial incentive to attend. “I understand the expectation in Chicago, like there’s been in other places, but when a player isn’t in condition to play, he can’t play.
Persons: Lionel Messi, Messi, Gerardo Martino, Xherdan, Maren Haile, Selassie, Josef Martínez, Martino, , Michael Reaves, there’s, , wasn’t Organizations: CNN — Inter Miami, Major League Soccer, Chicago Fire, , English Premier League, Chicago, Miami, Eastern Conference, MLS, ” Inter Miami, Chicago’s, Inter, FC Cincinnati Locations: Miami, Chicago, United States
MADRID, Oct 4 (Reuters) - Alvaro Morata scored a brace to help Atletico Madrid fight back and secure a frantic 3-2 win over Feyenoord in their Champions League Group E clash on Wednesday, with goalkeeper Jan Oblak putting in a superb second-half performance for the hosts. The hosts hit back five minutes later with Morata striking a rebound from inside the box. "This is the Champions League, there is no win without suffering and we know how to endure suffering," Morata told Movistar Plus. Atletico top Group E with four points from two games, one ahead of Feyenoord in second. Lazio, who are third on one point, face Celtic, who have no points, later on Wednesday.
Persons: Alvaro Morata, Jan Oblak, Mario Hermoso, Ueda, David Hancko's, Trauner, Antoine Griezmann, Morata, Nahuel Molina, Paixao, Fernando Kallas, Pritha Sarkar, Toby Davis Organizations: Atletico Madrid, Feyenoord, Champions League, Atletico, Movistar, Lazio, Celtic, Thomson Locations: MADRID
Emma Tucker's Wall Street Journal laid off staff in its Hong Kong bureau, and three company insiders said they were bracing for more cuts in the newsroom. The Hong Kong layoffs affected seven editors on a desk that puts finishing touches on stories before they're published, two sources said. People with direct knowledge said they believed the company was looking to save money by shifting the work to other offices. The Hong Kong cuts came shortly after Tucker revealed in September her plan to revive the newsroom with an "audience-first" model, which has fueled speculation that a reorg could be on the way. Hong Kong is the latest example of cuts to the storied newsroom that have dribbled out over the past few months, in keeping with the Journal's practice of trimming small numbers of people.
Persons: Emma Tucker's, they're, Tucker, Rupert, Karen Pensiero, Neal Lipschutz, Jason Anders, Matthew Rose, She's, it's Organizations: Journal, Hong Kong, Rupert Murdoch's News Corp, Sunday Times Locations: Hong Kong, London, Hong
Starting at approximately 2:20 pm ET on Wednesday, the federal government will begin conducting a nationwide test of its Emergency Alert System and Wireless Emergency Alerts. Radio and TV stations will also blare a test alert at around the same time. Here are answers to all of your burning questions about today’s emergency alert test. There are, however, three conditions which would prevent the cell phone alert from getting delivered to a device. Meanwhile, all radios and televisions will also broadcast a test emergency alert at the same time as part of the broader test.
Organizations: New, New York CNN, US, WEA, Federal Emergency Management Agency, Federal Communication Commission, Radio, FEMA, Wireless, National Wireless, Emergency Locations: New York, United States
WASHINGTON (AP) — President Joe Biden announced another wave of federal student loan forgiveness on Wednesday as borrowers brace for payments to restart after a three-year pause that began during the COVID-19 pandemic. The Democratic president's latest step will help 125,000 borrowers by erasing $9 billion in debt through existing relief programs. “President Biden has long believed that college should be a ticket to the middle class, not a burden that weighs on families,” the White House said in a statement. Biden is scheduled to make a formal announcement at the White House at 1 p.m. Republicans have fought Biden's plans on student debt, but Wednesday's announcement comes as they're consumed by infighting on Capitol Hill.
Persons: Joe Biden, Biden, , he's, Miguel Cardona, Kevin McCarthy Organizations: WASHINGTON, Democratic, White House, U.S, Supreme, SAVE, , Republicans
(AP) — As Nebraska's new law restricting gender-affirming care for minors goes into effect this weekend, families with transgender children and the doctors who treat them are steeling themselves for change. A key aspect of the law is a set of treatment guidelines that has yet to be created. Minors who already receive puberty blockers or hormones are allowed to continue the treatment, but new patients who are minors are largely banned from starting. At the time, Nebraska lawmakers were locked in a contentious battle over the proposed transgender health care ban, which touched off an epic filibuster that slowed the session to a crawl. At least 22 states have enacted laws restricting or banning gender-affirming medical care for transgender minors, and most of those states face lawsuits.
Persons: LINCOLN, , Heather Rhea, “ There's, we'll, who've, Timothy Tesmer, Jim Pillen, Pillen, Lucifer, Sen, John Cavanaugh, , ” Cavanaugh, Heather Rhea's, Nola Rhea, Rhea, She's, Dr, Alex Dworak, ” Dworak, Tesmer, Dworak Organizations: The American Academy of Pediatrics, Republican Gov, Republican, Nebraska Department of Health, Human Services, Nebraska, University of Nebraska, OneWorld Community Health Centers, Associated Press, Department of Health, U.S, Circuit Locations: Neb, Nebraska, Lincoln, Omaha, Minnesota, An Arkansas
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