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Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. MAY 2019Bankman-Fried and former Google employee Gary Wang found FTX as a new platform to trade crypto tokens and derivatives. Bankman-Fried debuts on the Forbes billionaires list, which estimates his net worth at $22.5 billion. Alameda gives crypto lender Voyager Digital a $200 million credit facility, and FTX gives lender BlockFi a $250 million loan. In a post-arrest blog post, Bankman-Fried denies stealing funds and blames FTX's collapse on a broader downturn in crypto markets.
Persons: Sam Bankman, Fried, Amr Alfiky, Gary Wang, Larry David, CoinDesk, Binance, FTX, Changpeng Zhao, David, Tom Brady, Wang, Caroline Ellison, District Judge Lewis Kaplan, Nishad Singh, Kaplan revokes, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: United, REUTERS, Massachusetts Institute of Technology, Jane Street Capital, Alameda Research, Google, Forbes, Alameda, NFL, DEC, U.S, District, New York Times, Metropolitan Detention Center, Thomson Locations: New York City, U.S, Alameda, Bahamas, Manhattan, United States, Palo Alto , California, New York
17 Best Dress Shoes for Men, According to Style Experts
  + stars: | 2023-11-03 | by ( Leah Melclinton | ) www.wsj.com   time to read: +8 min
The laces and classic body shape are characteristic of traditional men’s dress shoes, while the rugged rubber soles still make a statement with any formal outfit. “Good leather shoes are not an arena in which it pays to cut costs,” he says, recommending investing in “the pair of a decade” from this made-in-England favorite. (Crockett & Jones has regal and Hollywood credentials: the brand received a Royal Warrant of Appointment in 2017, and this is the style of dress shoes worn by Daniel Craig’s James Bond). Sleek sneakersThe key to dressed-up sneakers is finding a leather pair free of busy accents or logos. The style is “acceptable to wear with dress clothes,” confirms Los Angeles-based personal stylist Rayne Parvis, who advises people to wear these sneakers in place of brown lace-up dress shoes.
Persons: Leah Melby Clinton You’ve, Magnanni Marco, Jim O’Brien, O’Brien, Wes Sharpton, Cole Myers, , Jones, Daniel Craig’s James Bond, Nolan Beck, Rivera, suede Myers, Myers, cushioned, , ” Beck, Johnny Cash, Saint Laurent, “ They’re, Beck, Rayne Parvis Organizations: Huntington, Cleobella, Kansas, Monroe, Crockett, Chelsea Boots Locations: Huntington Beach, Calif, Catskill, N.Y, New York City, Paris, Kansas City, Mo, England, Polish, Richmond, Va, Montreal, French, Alsace, , Mexico, Nisolo, Los Angeles
Since buying Neopets, Law said his team is in the process of restoring those minigames and modernizing them to enhance the experience. Competing in the current metaWhile Law is optimistic, he is aware that Neopets was born in a different era of video gaming. For Neopets, Law said the merch business would include both physical, like plushies and clothing, and digital, such as in-game purchases. In 2024, Law's team is planning to launch World of Neopets, a 3D simulator game that will utilize the existing Neopets world, but in a modern gaming environment. Does this mean that new Neopets games will replace the 24-year old Neopets.com?
Persons: Dominic Law, Neopets, Neopets …, Jakub Porzycki, NetDragon Websoft, Law, we've, John Legend, Kass Basher, Mickey Mouse Organizations: Neopets, Koelnmesse, CNBC, Gamescom, Law, Getty, Nurphoto, Adobe, Activision, Monopoly Locations: Asia, Singapore, asia, Canada, Hong Kong, Gamescom Asia, that's, Krakow, Poland, Neopets, U.S
The government’s October jobs report is expected to show Friday that companies and government agencies added 184,000 jobs, a solid showing, though down sharply from a blockbuster 336,000 gain in September. The Fed scrutinizes the monthly job data to assess whether employers are still hiring and raising pay aggressively as a result of labor shortages. The Fed's policymakers are trying to calibrate their key interest rate to simultaneously cool inflation, support job growth and ward off a recession. At the same time, inflationary pressures have been easing as the Fed has sharply raised borrowing costs. In the meantime, despite long-standing predictions by economists that the Fed's ever-higher interest rates would trigger a recession, the U.S. economy, the world’s largest, remains sturdy.
Persons: ’ ’, Nancy Vanden Houten, ’ Vanden Houten, Vanden Houten, Jerome Powell Organizations: WASHINGTON, , Federal Reserve, Oxford Economics, Federal, United Auto Workers, Detroit, Wage, Labor Department Locations: U.S, COVID
Speaker Mike Johnson is less wealthy than most lawmakers and doesn't appear to have a DC residence. But where does the man who just recently ascended to the next spot in the line of succession sleep when he's in Washington, DC? Most likely in his small congressional office on the unglamorous, fluorescent-lit fifth floor of the Cannon House Office Building, according to several lawmakers and a long-time friend of Rep. Mike Johnson, the new speaker of the House. There are likely dozens of lawmakers sleeping in their offices each night, and some well-known former House members have been known to do it, including Florida Gov. Meanwhile, former House Speaker Nancy Pelosi — one of the richest members of Congress — has a residence in Washington, DC's Georgetown neighborhood.
Persons: Mike Johnson, , Joe Biden, Kamala Harris, Johnson, it's, Ross Barrett —, Johnson's —, Barrett, Ron DeSantis, Kristi Noem, Kevin McCarthy, Paul Ryan, Ryan, NBC's, John Boehner, Tucker Carlson, Frank Luntz's, McCarthy, Nancy Pelosi —, Jackie Speier, Bennie Thompson, aren't, hasn't Organizations: Service, House, Naval, Cannon, Florida Gov, South Dakota Gov, CNN, Press, Fox News, GOP, Daily, Democratic, NPR, Mississippi, POLITICO, Republicans Locations: Washington, Louisiana, Longworth, Georgetown, California, Johnson's
DeSantis has faced rumors that he wears lifts in his cowboy boots to make him look taller. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Ron DeSantis wears boots that make him look taller, the Republican presidential candidate said in a recent media appearance that "this is no time for foot fetishes." "I know Donald Trump and a lot of his people have been focusing on things like footwear," DeSantis said. "I'll tell you this, if Donald Trump can summon the balls to show up to the debate, I'll wear a boot on my head.
Persons: DeSantis, , Ron DeSantis, Eric Bolling, Donald Trump, Bolling Organizations: Service, Florida Gov, Republican, Lucchese, Trump Locations: Florida, Iowa
Michael Reaves/Getty ImagesThe two records in quick succession heightened the debate about how carbon-plated shoes – commonly referred to as “super shoes” – are rapidly changing the distance-running landscape. Today, they are worn by virtually all elite marathon runners, both for racing and for training, and by many casual runners, too. Tobias Schwartz/AFP/Getty ImagesThompson has other reservations about super shoes. “A lot of people say, well, people recover faster from training in the super shoes and therefore they can do more training, better training,” he added. “What I believe I’m seeing is that those who train all the time in super shoes will reduce their body’s ability to optimize biokinetic energy production.
Persons: Assefa, Bjørn Gulden, Kelvin Kiptum, Eliud Kipchoge, Michael Reaves, Peter Thompson, what’s, ” Thompson, … who’s, who’s, Thompson, hadn’t, I’ve, , Luciano Lima, , ” Thomas Allen, Tobias Schwarz, Sifan Hassan, Chicago –, haven’t, ” Tim Hutchings, ” Hutchings, they’re, it’s, It’s, Jaroslav Svoboda, Hutchings, “ We’re, Eliud, Tobias Schwartz, “ I’m Organizations: CNN, Berlin Marathon, Adidas –, Chicago Marathon, Nike, Reebok, Adidas, Getty, Berlin, Runners, Manchester Metropolitan University, World Athletics, York City Marathon, Puma, Athletics Locations: Berlin, Chicago, Great Britain, Prague, York
Backed by Japan's SoftBank, WeWork aimed to revolutionise the office market by taking long leases on large properties and renting the space to multiple smaller businesses on more flexible, shorter arrangements. Some leveraged property investors could struggle to earn enough rental income to service rising debt costs, they said. The number and volume of real estate loans due for refinancing in 2024 is unclear because many deals are struck privately between borrower and lender, Ed Daubeney, co-head, debt and structured finance, EMEA, at real estate services firm Jones Lang LaSalle, told Reuters. U.S. industrial and office real estate investment trusts (REITs) were seen 35.8% more likely to default, versus expectations a year ago. "We're at a massive turning point in the real estate investment market globally," Jose Pellicer, head of real estate strategy at M&G Real Estate, said.
Persons: Kate Munsch, Japan's SoftBank, WeWork, Jeffrey Havsy, Ed Daubeney, Jones Lang LaSalle, Savills, refinancings, What's, MSCI, Jefferies, Jose Pellicer, Sinead Cruise, Elisa Martinuzzi, Mark Potter Organizations: REUTERS, Media, Real Estate, Reuters, Analysts, Europe, Flex, BNP, G, Thomson Locations: San Francisco , California, U.S, York, New York, London, United States, Europe, Britain, Germany, California
The arousal sparked by uncertainty puts us right where we should be in times of flux, at the raw edge of change. “It means we’re in tune with the environment.”In other words, it pays to lean into uncertainty in times of change. It pays to lean into uncertainty in times of change. Maggie JacksonPeople whose stress levels were most attuned to the game’s fluctuating levels of uncertainty made the most accurate predictions. It may seem surprising that people who can cope with and are even drawn to disquieting not-knowing take such delight in life.
Persons: Maggie Jackson’s, Maggie Jackson Karen Smul, Nicholas Bloom, Maggie Jackson, , Joseph Kable, Robb Rutledge, Rutledge, Todd Kashdan, Paul Silvia, Stephanie Gorka of, disquieting, Nicholas Carleton, Stephen Bird, Stephen Organizations: Prometheus Books, CNN, Stanford University, University of Pennsylvania, Yale University, George Mason University, , University of North, Stephanie Gorka of Ohio State University, University of Regina, Twitter, Facebook Locations: Rhode Island, University of North Carolina, Greensboro, Canada
RAISE YOUR GAME An all-white plan enlarges and brightens designer Ghislaine Viñas’ confining living room in her Bucks County, Pa., home. Photo: Jason VarneyIn the series How to Live With a Room You Hate, we ask design pros to solve everyday interior problems. THOUGH THEY CAN MAKE a nap-inducing bunk room or cottagecore Hobbit house feel more snug, low ceilings tend to be a real design downer otherwise. “They feel quite oppressive and limiting,” bemoaned Nicole Salvesen of the London firm Salvesen Graham. Not to mention a surefire way to thwart that coveted “light and airy look,” added New York City designer Ghislaine Viñas.
Persons: Ghislaine, Jason Varney, downer, ” bemoaned Nicole Salvesen, Salvesen Graham, , Ghislaine Viñas Locations: Bucks County, Pa, London, New York City
NEW YORK (AP) — The National Retail Federation, the nation’s largest retail trade group, expects holiday sales growth will slow to a range of 3% to 4%, compared with 5.4% growth of a year ago. For the holiday 2021 season, sales for the two-month period surged 12.7%. Analysts say that shoppers could become rattled if the Israel-Hamas war is not contained, particularly heading into the critical holiday season. Political Cartoons View All 1230 ImagesThe forecast from the retail trade group considers a variety of indicators including employment, wages, consumer confidence, disposable income, consumer credit, previous retail sales and weather. The consulting firm Deloitte expects holiday sales to jump between 3.5% and 4.6%.
Persons: It's, Craig Johnson, They’re, Kohl’s, It’s, , Christie Raymond, “ We’re, they’ve, they’re Organizations: National Retail Federation, Analysts, Federal, Federal Reserve, Fed, Mastercard SpendingPulse, Deloitte, Growth Partners, clogs Locations: Israel
Dating is hard. Have apps made it worse?
  + stars: | 2023-11-02 | by ( Leah Asmelash | ) edition.cnn.com   time to read: +13 min
“Dating on the apps, it’s ruined dating a bit,” Nguyen-Don, who works as a digital marketing manager, said. “The… design of those dating apps should definitely be held accountable for this kind of dating culture,” Zhou said. His experiences on dating apps were positive, he said, and he valued the ways they introduced him to new people and new experiences. Dating apps know this. For all their flaws, dating apps are unlikely to disappear any time soon.
Persons: Jenny Nguyen, Don, Nguyen, didn’t, WhatsApp, hadn’t, he’d, texted, ” Nguyen, , Alexis Dougé, Tinder, , Dougé, who’s, Benson Zhou, Zhou, ” Zhou, Brian, they’ll, CNN he’s, Foyin Ogunrombi, Ogunrombi, she’s, , Who’s, Silas Stein, “ It’s, ” Ogunrombi, David Argetsinger, Argetsinger, ” Alissa Wilson, ” Wilson, Maxine Simone Williams, WeMetIRL, ” Williams, Williams, Bumble Organizations: CNN, Twitter, New York University Shanghai Locations: London, TikTok, Atlanta, Johannesburg, South Africa, Everett , Washington, Arlington , Virginia, New York, cologne
But while gas shortages are unlikely in Europe this winter, the price of the fuel remains a worry. According to S&P Global, about one-fifth of global LNG supply travels through the channel on Iran’s south coast. In a less jittery market, neither incident may have had the effect it did, helping boost European gas prices by more than 40% over the course of a single week. High gas prices have presented a persistent economic headwind for Europe's biggest economy due to its reliance on energy-intensive industries. Together, these milestones should push European gas prices down to €30 ($32) per megawatt hour by the end of next year, Weatherburn added.
Persons: Asia —, Soeren, , Jack Sharples, Heikki Saukkomaa, Simone Tagliapietra, Bill Weatherburn, Stefan Sauer, Weatherburn, Organizations: London CNN, European Union, International Energy Agency, EU, Getty, , Oxford Institute of Energy Studies, CNN, Hamas, P, Chevron, Egyptian, Steam, , Capital Economics, Qatar, Energy Locations: Russia, Moscow, Ukraine, Europe, North America, Asia, Norway, Hungary, Austria, Azerbaijan, Algeria, Germany, Israel, Gaza, Hormuz, Jordan, Egypt, Cairo, Estonia, Australia, AFP, , ” Europe, France, Italy, Lubmin, Pomerania, United States, Qatar
Target CEO Brian Cornell says shoppers are pulling back, even on groceries, as they feel stressed about their budgets. "But even in food and beverage categories, over the last few quarters, the units, the number of items they're buying, has been declining," he said in the interview. With the comments, Target doubled down on a cautious outlook, as it gears up for the crucial holiday season. During the height of the pandemic, it didn't have enough merchandise because of pandemic-related supply chain bottlenecks. Over the past few years, Cornell said shoppers have typically sprung for more purchases during "seasonal moments" such as Halloween or Mother's Day — a factor that could help in the coming months.
Persons: Brian Cornell, CNBC's Becky Quick, Cornell Organizations: CNBC, CNBC Evolve
Tesla's Cybertruck appears to struggle off-roading in a new series of videos from social media. AdvertisementAdvertisementTesla's Cybertruck might not be the best vehicle for off-roading after all, at least according to some new videos. In three of the videos, a Cybertruck appears to struggle to gain traction up a steep and uphill slope and with some turns on the sandy terrain. In one video, the Cybertruck appears to spin its wheels and the tires screech as it struggles to get up a dirt hill. AdvertisementAdvertisement"Normally in other vehicles — gasoline or diesel vehicles — you've got the differential which hangs down low between the rear wheels," Musk said.
Persons: Tesla's Cybertruck, Elon Musk, , Tesla's, Tesla, It's, Musk, Joe Rogan, you've Organizations: Service, Twitter, EV Locations: Hollister Hills, California, Texas
A news release from Gallery Books, an imprint of Simon & Schuster, announcing the sales numbers quoted Spears as saying, “I poured my heart and soul into my memoir, and I am grateful to my fans and readers around the world for their unwavering support.”(Published figures put the price tag for Spears’s memoir between $12.5 million and $15 million.) The book is Spears’s first full account of her 13 years under a conservatorship, which her father, James P. Spears, was granted in 2008 amid a custody battle and Britney Spears’s series of public struggles. In the memoir, Spears describes an adulthood in which security personnel dispensed her medications and put parental controls on her iPhone. Kristen McLean, an industry analyst for Circana BookScan, which tracks book sales numbers, said on Wednesday that Spears’s memoir seemed as though it had a good chance of surpassing one million in print sales in the United States this year. Only one adult nonfiction title — Prince Harry’s “Spare” — has reached that height so far.
Persons: Simon, Simon & Schuster, Spears, Mickey, Justin Timberlake —, James P, Britney, Kristen McLean, Circana, Harry’s “, McLean, Walter Isaacson’s, Elon Musk, Michael Lewis’s, Sam Bankman, Jada Pinkett Organizations: Books, Simon &, Mickey Mouse Locations: Louisiana, Kentwood, United States
The firm estimates fair value based on its projection of a company's future cash flows and the predictability of those flows. The best opportunities are now in value stocks that are trading at about a 22% discount to fair value, Sekara noted. Currently, the real estate sector is the most undervalued sector, with REITs trading at a 26% discount to fair value, Sekara said. Finally, American Tower (AMT), which owns and operates wireless and broadcast communications infrastructure, trades at a 24% discount to fair value. Two other five-star stocks that remain significantly undervalued are AT&T and Verizon, trading at a 35% discount to fair value.
Persons: Morningstar's Preston Caldwell, Caldwell, Dave Sekara, Sekara, Wells Organizations: Treasury, Morningstar, Simon Property Group, Realty Trust, Communications, Verizon, Citigroup, PNC, US Bank
Republican presidential candidate and Florida Gov. Menswear experts and others have alleged DeSantis wears lifts in his boots to make him look taller. Videos on TikTok of users giving their own thoughts on DeSantis' boots have garnered millions of views. If it was the beginning of the campaign or if DeSantis held a commanding lead, the attention to DeSantis' footwear would likely be another speed bump in a long campaign. October has come and gone, and with two months to go until the Republican presidential caucuses in Iowa, DeSantis is still miles behind Trump in national polling.
Persons: Ron DeSantis, It's, , it's, DeSantis, There's, Derek Guy, bootmakers, Donald Trump, hadn't, Trump, FiveThirtyEight Organizations: Florida Gov, Service, Disney, Republican, Fox, Lucchese, Washington Post, PAC, Trump Locations: Florida, American, Iowa
Australia wants to diversify its trading relationship with China, but that doesn't mean trade flows will slow down, Australian Trade Minister Don Farrell told CNBC. "We want to stabilize our relationship with China... we also want to diversify our relationship," Farrell told CNBC's Martin Soong on the weekend in Osaka, Japan where G7 trade ministers met. "That doesn't mean trading any less with China. But it does mean trading more with the countries with whom we have free trade agreements," he added, citing those in the European Union bloc. Canberra is also in dialogue with its largest trading partner China to drop tariffs on Australian wine imports that were introduced in March 2021.
Persons: Don Farrell, Farrell, CNBC's Martin Soong Organizations: Australian Trade, CNBC, European Union Locations: China, Osaka, Japan, Australia, Canberra, Beijing
The company's revenue fell nearly 14% from July to September in the U.S., its largest market, as Bud Light sales sank. Bud Light sales started falling in April after a conservative boycott of the brewer's partnership with transgender influencer Dylan Mulvaney. Anheuser-Busch is now trying to turn around the brand's fortunes by marketing Bud Light through platforms it considers uncontroversial. Moving forward, the company plans to promote Bud Light at events like football games and concerts, he said. "This was the result of one campaign," he said of the Mulvaney partnership, which featured her face on a Bud Light can.
Persons: Light, Bud, influencer Dylan Mulvaney, Bud Light, Bump, Michel Doukeris, Folds, Doukeris, Wall Organizations: Anheuser, Busch InBev, U.S, Bud Light, Modelo Especial, U.S . Bud, Nielsen, Bump Williams Consulting, CNBC, Busch, NFL, Stagecoach, Revenue Locations: U.S, Mulvaney
The plant will serve as Toyota's epicenter of lithium-ion battery production in North America and will be a key supplier for the Kentucky-based plant tasked with building its first U.S.-made electric vehicles, the company said. Sean Suggs, president of Toyota North Carolina, said the announcement “reinforces Toyota’s commitment to electrification and carbon reduction,” while fulfilling its promise to bring economic growth to North Carolina. Toyota has committed to using 100% renewable energy to produce batteries at the North Carolina plant, which has been under construction since 2021. Toyota says it will have 15 battery electric vehicles for sale globally by 2025. Toyota could receive hundreds of million in cash incentives, tax breaks and infrastructure upgrades from the state of North Carolina and local governments for fulfilling its job creation and investment goals, according to state officials and documents.
Persons: , , Roy Cooper, Koji Sato, Sean Suggs, Joe Biden’s, Phil Berger Organizations: — Toyota, Toyota, Automotive, U.S . Department of Energy, Republican, Associated Press, America Statehouse News Initiative, America Locations: RALEIGH, N.C, North Carolina, Greensboro, North America, Kentucky, U.S, Tokyo, Toyota North Carolina
Hundreds of individuals were accused of witchcraft in what would become the Commonwealth of Massachusetts between 1638 and 1693. Another accused Boston witch, known as Goodwife Ann Glover or Goody Glover, was hanged in the city in 1688. Jane Swift signed a bill exonerating five women executed during the witch trials in Salem. Nineteen were hanged during the Salem witch trials while a 20th victim was pressed to death. Johnson is believed to be the last accused Salem witch to have her conviction set aside.
Persons: Margaret Jones, Josh Hutchinson, , , Hutchinson, Ann Hibbins, Richard Bellingham, Nathaniel Hawthorne's “, Goodwife Ann Glover, Goody Glover, Young, David Allen Lambert, Lambert, — Mary Perkins Bradbury —, Samuel Sewall, Ann Pudeator, Jane Swift, Sarah Good, Elizabeth Howe, Susannah Martin, Rebecca Nurse, Sarah Wildes, Elizabeth Johnson Jr, Johnson, Salem, Widow Krieger, Krieger, Joyce Held, Lisa Rathke Organizations: BOSTON, , Massachusetts, Hunt, Statehouse, Massachusetts Gov, New, Genealogical Society, Historical Society, Bennington Museum Locations: Massachusetts, New England, Commonwealth, Salem, Boston, Connecticut, ” Massachusetts, , Pownal , Vermont, New York, , Marshfield , Vermont
The historic United Auto Workers strike is over. The UAW announced Monday evening it had reached a tentative agreement with GM, the last of the Detroit car companies to complete negotiations. The 25% pay increases by April 2028 agreed to in the new contracts raise top pay to about $42 an hour, according to the union. For historical comparison, the union said its workers saw pay increases of 23% for all the years from 2001 through 2022. Ford was the first to notch a tentative agreement with the union on Oct. 25 after employees spent 41 days on strike.
Persons: , Ford, Jim Farley, Mary Barra, Fain, Stellantis Organizations: United Auto Workers, GM, Detroit, Service, Big Three Detroit, UAW, Local UAW, Ford, Workers, Ultium, LG Energy, Big Locations: Detroit, U.S, Michigan, Korea
November is typically an outperforming month for Wall Street, according to data from the "Stock Trader's Almanac." The benchmark S & P 500 and the Dow Jones Industrial Average have each historically posted an average gain of 1.7% in November, dating back to 1950. Those moves make November the strongest month of the year for the S & P 500 and the second-best month for both the Nasdaq and the 30-stock Dow, according to the almanac. The S & P 500 has slipped roughly 3% so far and is on track for a third-straight month of declines . The string of monthly losses would mark the first such occurrence for the S & P 500 since the height of the Covid-19 pandemic in 2020.
Persons: Jeff Hirsch, Hirsch, There's, there's, We've, doesn't, we're, they're Organizations: Wall, Dow Jones, Nasdaq, Dow Locations: lockstep
A restaurant in North Carolina shut down after claiming that smoke from a cigar bar next door caused health issues. Two months later, it filed a lawsuit against the owner of Oasis Cigar Lounge as well as its landlord, local news site WRAL first reported. Other tenants in the building similarly had issues with secondhand smoke from the cigar lounge, he claimed. Oasis Cigar Lounge, meanwhile, left its premises in the shopping center in early October, it told The Local Reporter. "We simply did not want cigar smoke and toxins in our business."
Persons: , Teddy Diggs, Diggs, WRAL, Abigael Newton, he'd Organizations: Staff, Service, Oasis, Cigar, North Carolina Department of Health, Local Locations: North Carolina, Carrboro , North Carolina
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