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Clean energy and clean vehicle companies added nearly 150,000 new jobs in 2023, the first full year of the Inflation Reduction Act, the report found. Of that total, the South added more than 54,000 clean energy jobs, accounting for 36% of all new jobs in the region. By comparison, the Midwest, Northeast and West combined added 95,000 clean energy jobs in 2023. The employment sectors analyzed in E2’s “Clean Jobs America” report include clean vehicles, renewable energy, battery storage, grid modernization and biofuels. Clean energy jobs now account for about 1 in 16 new jobs created in the U.S.E2 has released annual reports on clean energy job growth in the U.S. since 2015.

Persons: Kamala Harris, —, Donald Trump, Harris, Biden, Bob Keefe, We’re, ” Organizations: Biden, Senate, Jobs America, Republicans Locations: United States, U.S, Midwest, Northeast, Southern, Alabama, Kentucky, Oklahoma, California, Florida, Texas

☆ Russian disinformation peddlers are targeting Harris-Walz campaign with fake videos, Microsoft says
▼ + stars: | 2024-09-17 | by ( Kevin Collier | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Brandy-Zadrozny-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +4 min

Russian disinformation peddlers are producing videos targeting the Harris-Walz campaign with false and disparaging claims, Microsoft said Tuesday. At least three Russian disinformation actors have been working to denigrate the Harris-Walz campaign, Microsoft said. Some of the disinformation comes in the form of two videos that have been disseminated since late August, Microsoft said. NBC News has viewed an upload of that video posted to X, which Microsoft confirmed is the alleged Russian disinformation. The report comes after the U.S. accused the Kremlin of running a multifaceted disinformation campaign to boost former President Donald Trump and disparage Harris.

Persons: Harris, Walz, Russia’s Ministry of Foreign Affairs didn’t, Darren Linvill, ” Linvill, Kamala Harris, Linvill, ”, Donald Trump, Joe Biden, Trump, Vladimir Putin Organizations: Microsoft, Justice Department, Russia’s Ministry of Foreign Affairs, NBC News, Media, Clemson, Democratic, Russia’s Internet Research Agency, Tenet Media, National Intelligence, Intelligence, Biden, Ukraine, FBI, The Justice Department, Trump Locations: San Francisco, Russia, Ukraine, Iran, U.S, China

☆ Amazon's five-days-in-the-office mandate could be the start of a wider RTO shift
▼ + stars: | 2024-09-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

A Business Insider reporter found out by enlisting in the city's 'elite squad of anti-rat activists.' What's on deck:This story is available exclusively to Business Insider subscribers. In February 2023, it announced plans to require most office workers to show up in-person three days a week. And in the hyper competitive world of Big Tech, other tech giants might follow suit rather than risk getting bad-mouthed by rivals to their clients. How can insert Big Tech company really serve you best when its people are home half the time?

Persons: —, RTO Nickilford, Maria Ivanova, Getty, Tyler Le, Andy Jassy, Slack, It's, Miranda Jones, Donald Trump, Trump, Fundstrat's Tom Lee, Elon Musk, Joe Biden, Kamala Harris, Apple's, TikTok, Chris Williams, We're, Stephen Nedoroscik, Anna Delvey, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, New York, Business, Amazon, Big Tech, Employees, McKinsey, Trump Media, Vanguard, Anadolu, Getty, Elon, Taiwan Semiconductor Manufacturing Company, Nvidia, Apple, DOJ, Microsoft, Open, It's Locations: New, North America, New York, London

☆ Your inherited individual retirement account could trigger a 'tax bomb,' advisor says. How to avoid it
▼ + stars: | 2024-09-17 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you've inherited a pretax individual retirement account since 2020, you could face a sizable tax bill without proper planning, experts say. Previously, heirs could take inherited IRA withdrawals over their lifetime, known as the "stretch IRA." The 10-year rule can mean higher yearly taxes for certain heirs, particularly for higher earners with bigger IRA balances. Shortening the 10-year withdrawal window can compound the issue, experts say. For example, Smith has seen people lose eligibility for the electric vehicle tax credit, worth up to $7,500, by taking a large inherited IRA withdrawal in a single year.

Persons: you've, Ben Smith, Smith Organizations: Financial, Finance, Vanguard Locations: Milwaukee

☆ GOP House Speaker Johnson backs keeping some of Biden's clean energy tax credits
▼ + stars: | 2024-09-17 | by ( Emily Wilkins | ) www.cnbc.com time to read: +2 min

Speaker of the House Mike Johnson, R-La., talks with reporters in the U.S. Capitol after the last votes of the week on Thursday, September 12, 2024. U.S House Speaker Mike Johnson said he would preserve some of the clean energy tax credits enacted under President Joe Biden but would seek to eliminate others, as an upcoming battle over taxes next year comes into focus in Washington. Johnson declined to specify which provisions he would support keeping in place, saying he's "not putting any of that on the table yet." More than a dozen members of Johnson's own party, many of whom face difficult re-election fights, asked the speaker in a letter last month to preserve some of the tax credits and deductions in the IRA. "Prematurely repealing energy tax credits, particularly those which were used to justify investments that already broke ground, would undermine private investments and stop development that is already ongoing," the 18 lawmakers wrote in the letter.

Persons: Mike Johnson, Joe Biden, You've, Johnson Organizations: U.S, Capitol, CNBC, Louisiana Republican, Riggs, D.C, Republican Locations: Washington, Louisiana

☆ A Gen Xer shares the saving strategy that grew his net worth from $50,000 to $1 million in 15 years
▼ + stars: | 2024-09-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Read previewTodd, a 53-year-old IT professional based in Nashville, had a long journey to a six-figure salary. However, for many Americans, reaching a six-figure income could still have a significant impact on their lives. Todd shared how he's turned his six-figure salary into a $1 million net worth — and why he plans to extend his working years longer than he might need to. When Todd landed a six-figure income — and his financial circumstances began to change significantly — he didn't go on a spending spree. He hopes to pay off his mortgage before age 60 — his goal retirement age.

Persons: —, Todd, he'd, I'm, doesn't, he's, I've, Roth Organizations: Service, Business, Cisco, BI, New, Fed, American Express Locations: Nashville

☆ This is the 'billion-dollar blind spot' of 401(k)-to-IRA rollovers, Vanguard finds
▼ + stars: | 2024-09-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Rollovers from a workplace retirement plan to an IRA are common after reaching certain milestones like changing jobs or retiring. watch nowAbout two-thirds of rollover investors hold cash unintentionally: 68% don't realize how their assets are invested, compared to 35% who prefer a cash-like investment, according to Vanguard. The asset manager surveyed 556 investors who completed a rollover to a Vanguard IRA in 2023 and left those assets in a money market fund through June 2024. "IRA cash is a billion-dollar blind spot," Andy Reed, head of investor behavior research at Vanguard, said in the analysis. 'It always turns into cash'The retirement system itself likely contributes to this blind spot, retirement experts said.

Persons: Sergio Mendoza Hochmann, Andy Reed, Stocks, Philip Chao, Grace Cary, they're, Chao Organizations: Vanguard, Vanguard IRA, Finance, Security Locations: John , Maryland

☆ Save on taxes and bolster your portfolio before year-end with these moves
▼ + stars: | 2024-09-16 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

It's September – and that means it's prime time to think about maximizing after-tax returns as the year winds down. Of course, there may be a price to pay for that performance: Uncle Sam will want his share of taxes. Here are a few steps that could help you hold onto more of your portfolio's returns this year. Munis spin out income that's free of federal taxes, and they may be exempt from state levies if the investor resides in the issuing state. By directly giving low basis highly appreciated stock (instead of selling the position and donating cash proceeds), you avoid incurring the capital gains tax.

Persons: it's, Sam, Nathan Hoyt, Joel Dickson, Vanguard's, Dickson, James Shagawat, Roth, Shagawat, Malcolm Ethridge, –, Ethridge Organizations: Nvidia, Regent Peak Wealth, Investors, Roth IRA, Treasurys, Wealth Locations: Atlanta, AdvicePeriod, Paramus , New Jersey, New York , New Jersey, California, Rockville , Maryland

☆ Don't make this $130,000 mistake when rolling over a retirement account, Vanguard warns
▼ + stars: | 2024-09-15 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Vanguard finds 28% of rolled-over IRAs in 2023 remain uninvested in stocks or bonds. 68% of these investors were unaware their funds were not reinvested, per a September report. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf you've rolled over money from a 401(k) into an individual retirement account (IRA), you might be making a costly mistake: leaving the funds in cash.

Persons: — Organizations: Vanguard, Service, Business Locations: IRAs

☆ Trump and Harris are both fans of solar power. That's good news for these 4 stocks.
▼ + stars: | 2024-09-15 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

During the recent debate, both Vice President Kamala Harris and former President Donald Trump expressed their support for solar energy. Trump said he was a "big fan" of solar power, and Harris doubled down on her support for clean energy. Trump caveated his support of solar power, saying that solar plants take up "400, 500 acres of desert soil." AdvertisementInvesting in solarFor investors interested in increasing their exposure to solar energy solutions, Baker shares the following 4 investments. These companies provide solar power offerings across the entire renewable energy value chain.

Persons: Kamala Harris, Donald Trump, Trump, Harris, Graeme Baker, Baker, David Bianco, she'll, Biden, He's Organizations: Service, Business, Environment, Big Tech, Microsoft, Green, Deal, Environment Fund

I grew up working class and learned good work ethic from my parents. The novelty of cap erasers and Airheads from the school store wore off fast, and money didn't have much luster. In our part of Wisconsin, with its German roots and farm families, work ethic is our moral code. What 'good work ethic' means for your financesBecause it's in my DNA, I can't help but see a strong work ethic as a virtue. What I wish I'd learned about money earlierI'll always be grateful for the work ethic I learned from my parents ... and I wish I'd gotten the nuances of money a bit earlier in life.

Persons: —, didn't, I'd, you've, I'm, fritz, it's, I've Organizations: Service, Quicken Locations: Midwest, Wisconsin

Financial planner Nadine Burns says with the right strategy, you can reach your retirement goals. Below, Burns shares the strategy she uses to help her clients achieve their retirement goals. Understand your net worthBurns says understanding your net worth — and tracking it throughout your working years — is the first step to retiring comfortably. Your net worth should rise throughout your working years and allow you to retire with more assets than debts. To find your net worth, add up all of your assets then subtract your debts.

Persons: Nadine Burns, It's, —, Burns, you've, doesn't Organizations: Service, Social Security, Invest, IRA

☆ Clean energy sector looks to create even more jobs after the election — regardless of who wins
▼ + stars: | 2024-09-10 | by ( Kate Rogers | In Katerog | ) www.cnbc.com time to read: +5 min

While job growth in the sector faces uncertainty after the election, industry watchers say the future of energy production and consumption is always changing. The IRA is projected to generate more than 300,000 jobs annually for new energy project construction and about 100,000 permanent jobs each year, according to EESI. The rate was more than double the growth for the rest of the energy sector and the overall U.S. economy, according to the newly released 2024 U.S. Energy and Employment Report. Recent data from the Department of Energy showed clean energy employment increased by 142,000 jobs last year, accounting for more than half of new energy sector jobs. One sector that faces particular uncertainty after the election is clean energy, which has received a boost from the Biden administration but faced skepticism from Trump.

Persons: — it's, it's, Daniel Bresette, there's, Biden, Kamala Harris, Donald Trump, Nicole Bulgarino, Caroline Leilani Stevenson, Stevenson, Harris, Trump, Joe Biden Organizations: Energy, Environmental, Energy Study Institute, . Energy, Science, Department of Energy, Trump, Ameresco, Department of Defense, Green, Deal, CNN, White, Green New, Economic, of New Locations: U.S, Europe, Ameresco, Honolulu, Maui, New York, of New York

☆ Why the father of 'life planning' says you're managing money the wrong way
▼ + stars: | 2024-09-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

George Kinder Kinder Institute'You should be focused on your dream of freedom'Greg Iacurci: What is the basic premise of the life planning movement? George Kinder Kinder InstituteGI: But that's not necessarily to say that the way that people are saving is wrong, right? Maybe you're doing more remote work. Maybe you're already looking at where it is you want to stay, and figuring out how, in a year or two, you can spend three months there. So you're moving actively toward the freedom as part of the program of financial planning, of your financial life.

Persons: George Kinder, Greg Iacurci, I've, they've, It's, you've, it's, they're Organizations: George Kinder Kinder Institute, GK, Street, Kinder Institute of Life Locations: West Virginia, Ohio

☆ How high earners can funnel money to a Roth IRA, the 'gold standard' of retirement accounts
▼ + stars: | 2024-09-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Roth contributions don't get the same upfront tax break: Investors fund Roth IRAs with after-tax money, but generally don't pay income taxes on earnings or withdrawals in retirement. The 'only reason' to save in a nondeductible IRALordhenrivoton | E+ | Getty ImagesHigh earners can contribute to a so-called nondeductible IRA, however. The ability to use the backdoor Roth IRA is a major benefit of these accounts, tax experts said. watch now"The only reason you'd do [a nondeductible IRA] is if the intention was to do a backdoor Roth," Slott said. "All high wage earners should consider looking at both a backdoor Roth IRA and a mega backdoor Roth IRA if they can't set up a Roth IRA," said Ted Jenkin, a certified financial planner and founder of oXYGen Financial, based in Atlanta.

Persons: Thomas Barwick, Roth, Slott, Ted Jenkin, He's Organizations: Investors, Roth IRA, IRA, CNBC, Taxpayers, IRS, Arnold, Mote Wealth Management, Medicare, nondeductible Locations: deductibility, Atlanta, Hiawatha , Iowa

It's never too early to start thinking about saving for college, and a 529 plan can help with that. A 529 plan is great for saving on taxes, but its lack of flexibility makes it less valuable to me. She's had a 529 plan since she was only a few weeks old. Your contributions can grow tax-free in a 529 plan. This is a fantastic benefit that can give families the ability to diversify the taxability of accounts for a 529 plan beneficiary in the future.

Persons: It's, —, She's, Roth, doesn't Organizations: Service

I had been saving to buy a house, but prices in Southern California have made that unlikely. I decided to stop focusing on trying to buy a house, which means I can put more toward retirement. I'm okay knowing I might be renting for life, as it means I can streamline my finances. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Retirement Planning The best robo advisors can help you start your retirement planning journey.

Persons: —, I've, I'm, homeownership, Roth, it's, There's Organizations: Service, realtors, SoFi Locations: Southern California, Los Angeles

☆ A judge who overturned a $72 million verdict against Boeing disclosed he bought and sold Boeing stock while hearing the case — but says his wife's IRA was to blame
▼ + stars: | 2024-08-21 | by ( Jack Newsham | ) www.businessinsider.com time to read: +5 min

Judge James Robart told Business Insider a bank that managed his wife's individual retirement account purchased Boeing stock in April 2023. He said as soon as he learned about it, he had the stocks sold; his financial disclosures said the shares were sold on two dates in May and June. Based on the prices that Boeing shares traded at on the days her IRA bought and sold the shares, at least one of the two sales was a money-loser, while the second could have been profitable. He and his family disposed of their Boeing shares more than a year before that decision. The amount of Boeing stock traded isn't much compared with Robart's total wealth.

Persons: —, Judge James Robart, Robart, it's, Clarence Thomas, Sonia Sotomayor's, Zunum, Bill Hodes, Gabe Roth, Roth, Charles Schwab, hasn't Organizations: Service, Boeing, Business, BI, Supreme, Street Journal Locations: Seattle

☆ Meet the millennials who got student-loan forgiveness and now have the freedom to save for retirement, grow their families, and consider going back to school
▼ + stars: | 2024-08-14 | by ( Ayelet Sheffey | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +17 min

Scott M. Smith, 40, wasn't expecting student-loan forgiveness. Scott M. Smith, 40, received student-loan forgiveness through PSLF. AdvertisementThe freedom to go back to schoolFor Paul Smylie, 39, student-loan forgiveness means something else. Smylie's student-loan forgiveness is giving him the financial freedom to consider doing just that. In a rule first established under President Barack Obama, any student-loan borrower who can prove they are totally and permanently disabled is eligible for student-loan forgiveness.

Persons: Scott M, Smith, wasn't, — Smith, servicer, hadn't, —, who's, PSLF, Joe Biden's, Millennials who've, Zers, millennials —, Gen Xers —, Paul Smylie, Smylie, Gen Xers, Chloe Moore, Financial Staples, Keenan Casey, CiCora Leigh, Leigh, Cicora Leigh, Barack Obama, Beverley —, Beverley, Grayson Hofferber, Hofferber, they'll, that's, someone's, Casey Organizations: Service, Public, Business, Education Department, Federal Reserve, SAVE, Appeals, Associated Press, Gallup, Lumina Foundation, millennials, Financial, Army, University of Mississippi, Veterans Affairs, BI, Millennial Wealth Management Locations: Mississippi, Beverley, forbearance, deferment

☆ Valley Bank CEO on the health of banks, rate cut optimism and bank lending
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailValley Bank CEO on the health of banks, rate cut optimism and bank lendingIra Robbins, Valley Bank CEO, joins 'Power Lunch' to discuss regional banks health, outlook for the sector and the impact of a Fed rate cut.

Persons: Ira Robbins Organizations: Bank, Valley Bank

☆ Opinion | Nancy Pelosi: ‘It Didn’t Sound Like Joe Biden to Me’
▼ + stars: | 2024-08-09 | by ( Ezra Klein | ) www.nytimes.com time to read: +55 min

And they know you’re going to act so they won’t mess with you. Put it in somebody else’s mouth because it was AI mean, it didn’t sound like Joe Biden to me. I think you’re I think you’re underselling this a little bit. And if they don’t, I’m going to keep my promise and send them 100 powdered wigs because they’re just living in a different era. All these other politicians, these career politicians didn’t know how to make a good deal.

Persons: Nancy Pelosi, Harris, Tim Walz, Al Gore, They’re, he’s, Joe Biden, Obama, Walz, Donald Trump, it’s, Trump, Said, JD Vance, Kamala Harris, Gavin Newsom, Ro Khanna, Scott Wiener, haven’t, Liam McCarthy, Willie Brown, George Moscone, Leo, Dianne Feinstein, It’s, Kamala, she’s, let’s, Suzan, You’ll, That’s, you’ll, I’m, that’s, We’re, I’ve, He’s, what’s, Bob Dole, George Bush, Svetlana, they’re, Scott Brown, Ted Kennedy’s, Ted Kennedy, Scott Brown’s, We’ve, you’re, Bill, Harry, Harry Reid, Pelosi, John Boehner, you’ve, Weaver, that’s O.K, Kevin McCarthy, kaka, Bernie Sanders, Sanders, Ted Cruz, Let’s, Barney Frank, Bill I, Steny Hoyer, don’t, You’re, John Dingell, Roe, Ira, Biden, McCarthy, o’clock, Wade, Kathy Manning of, Kathy Manning, didn’t, America’s, Republicans can’t, You’ve, Mary Barra, Steph Curry, Elton John Bono, Bill Gates, ain’t, Abraham, Little, Hillary, Norman Lear, Umberto, Gabriel Garcia Marquez’s, I’ll, Darwin, Lincoln Organizations: Democratic Party, Democratic, Republican, Veterans Affairs, Trump, Republicans, Democrat, San, Cal Stanford, University of San, Morning, NATO, Affordable, Senate, White House, California Democratic Party, Technology Committee, North, Global, Abraham Accords, Rogue, Republican Party Locations: America, Minnesota, San Francisco, University of San Francisco, United States, It’s, Belarus, Massachusetts, California, Iraq, Idaho, Italian, Kathy Manning of North Carolina, China, Sudan, Michigan, Arizona, David, South, Baltimore

☆ A boomer who moved from Minnesota to Mexico said his cost of living dropped by 50% — but transplants need to respect the culture
▼ + stars: | 2024-08-06 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Eleven years ago, Mark LeGeros made a big change: The now-65-year-old moved from Minneapolis to Puerto Vallarta, Mexico. There are still adjustments moving abroad, and hopeful movers need to know that. Living abroad brings its own challenges, along with rewards. "But just always have a support group that are dealing with living abroad because you need that adjustment group to help you put things into perspective." "But if you want the adventure of living abroad and learning a new culture, being curious, that kind of thing, that's when you probably should really consider living abroad."

Persons: Mark LeGeros, it's, that's, I'm, LeGeros, He's Organizations: Service Locations: Minneapolis, Puerto Vallarta , Mexico, Mexico, United States

The first round of Medicare drug price negotiations has come to an end – but we still don't know the final prices that the U.S. government and pharmaceutical companies have agreed on. They all maintain that Medicare drug price negotiations are a long-term threat to the pharmaceutical industry's drug innovation and profits, but the immediate dust has somewhat settled. That's based on executive commentary during the recent quarterly earnings calls of Bristol Myers Squibb and Johnson & Johnson , among other companies. Novartis CEO Vasant Narasimhan said on July 18 that the short-term impact from Medicare drug price negotiations "might be manageable on our first set of drugs." Executives at each of the drugmakers similarly emphasized their opposition to Medicare drug price negotiations on their respective earnings calls.

Persons: Joe Biden, Johnson, Joe Biden's, Christopher Boerner, Bristol Myers, Robert Michael, We've, Michael, Jennifer Taubert, Vasant Narasimhan, Narasimhan, Bristol Myers Squibb's Boerner, Boehringer Ingelheim, Annika Organizations: National Institutes of Health, Medicare, Bristol Myers Squibb, Johnson, Pfizer, J, Novartis, Merck, Novo Nordisk, AstraZeneca Locations: Bethesda , Maryland, U.S, annikakim.constantino@nbcuni.com

☆ You can pull $1,000 from your retirement savings penalty-free—but don't make it a habit, says retirement expert
▼ + stars: | 2024-08-06 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

The majority of Americans wouldn't be able to cover an unforeseen $1,000 expense with money from their own savings, according to Bankrate's 2024 emergency savings report. Generally, you'll face a 10% penalty for withdrawing money from retirement savings before you reach the age of 59½. For one, you can only make one $1,000 withdrawal per year. But if you don't replace that amount in your retirement account in full or through regular deposits within three years, you won't be able to make another $1,000 withdrawal during that repayment period. And you'll need to self-certify in writing with your retirement plan administrator that you need the money for an emergency.

Persons: wouldn't, Anne Lester, FOMO, Lester

Two credit unions are offering CDs with at least 9% APY, which is much higher than normal. There are currently not one, but two credit unions offering CDs with at least 9% annual percentage rate, or APY: California Coast Credit Union and Express Credit Union. Since both of these financial institutions are credit unions, you'll need to be eligible for membership to open any accounts with them. You'll also be able to become a member of Express Credit Union if an immediate family member is already a member of that credit union. California Coast Credit Union offers the California Coast Credit Union Celebration Certificate, which lasts for five months and gives 9.50% APY.

Persons: —, you'd, you'll, You'll, isn't, that's, it's, you've, We've Organizations: Service, California Coast Credit Union, Express Credit Union, Express, California Coast Credit, Express Credit, Fed Locations: California, San Diego , Orange, Los Angeles, Ventura, Imperial, San Bernardino, Riverside, Washington

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