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The push to get workers back to offices could put millions of jobs at risk if people don't comply. What makes this even more difficult to swallow for Meta employees is just how quickly Meta's tone has changed. In June, they were informed about the need to come into the office three days a week from September 5, per The Information. AdvertisementAdvertisementAmazon is making a similar play to Meta, with a return-to-office strategy that involves scare tactics. But since few people can afford to be out of a job right now, employers may get their way.
Persons: they'll, Zuckerberg's Meta, Lori Goler, Goler, Andy Jassy's, Insider's Linette Lopez Organizations: Labor, Stanford University, University of Chicago, MIT, ITAM University, Meta, Wall, Deloitte, Workplace Intelligence Locations: Silicon Valley, Silicon, Wall, Mexico, East Coast
Don't count out additional interest rate hikes, according to former Federal Reserve governor Randall Kroszner. Kroszner, who's now a University of Chicago economics professor, believes rates are staying high into well next year. "I don't see how they can be comfortable to say, 'okay we're not going to be raising anymore' if the labor market is as strong as it is now," Kroszner told CNBC's "Fast Money" on Wednesday. Kroszner, who helped lead the response during the global financial crisis, thinks the Fed won't officially put the brakes on rate hikes until they "see some of the heat coming out of the labor market." He also believes Fed members will be at odds at what they need to see.
Persons: Randall Kroszner, who's, we're, Kroszner, CNBC's Organizations: Federal, University of Chicago, Fed
"Although we are not in an overall recession yet, the demand for and wages of lower-income groups are outpacing higher-income groups." But there still aren't enough workers to fill open positions in the service industry and the unemployment rate remains near a 50-year low at just 3.5%. What a 'richcession' means for consumers"Recession is a loaded term," said Jacob Channel, senior economist at LendingTree. "White-collar jobs might not be as plentiful as they were last year, but they're still around." "On the contrary, most current data indicates that despite numerous headwinds, the broader economy is doing remarkably well, all things considered," he added.
Persons: Tomas Philipson, Jacob Channel Organizations: University of Chicago, White House Council, Economic Advisers, Digitalvision, Challenger
The University of Chicago said that its settlement of a price-fixing suit would allow the school to avoid the distraction and expense of continued litigation. Photo: E. Jason Wambsgans/Chicago Tribune/Getty ImagesThe University of Chicago has agreed to pay $13.5 million to settle a lawsuit in which it was accused of illegally colluding with other top universities to limit financial aid to students, making it the first defendant in the case to settle, according to a court filing Monday.
Persons: Jason Wambsgans Organizations: University of Chicago, Chicago Tribune, Getty, The University of Chicago
University of Chicago agreed to a $13.5 million settlement over claims it conspired with top colleges over financial aid. Five former students accused 16 top schools in 2022 of working together to limit financial aid packages. In January 2022, five former undergraduate students who attended Duke, Northwestern, and Vanderbilt filed a lawsuit against 16 schools including UChicago, Brown, Yale, and Northwestern. The suit targeted a group called the 568 Presidents Group, which allowed schools to work together to determine common standards for disbursing financial aid. The plaintiffs said the schools favored wealthy applicants and "conspired" to reduce financial aid packages, and that they "overcharged over 170,000 financial-aid recipients by at least hundreds of millions of dollars."
Persons: Brown, UChicago, Johns Hopkins Organizations: Chicago, Service, University of Chicago, Duke, Vanderbilt, Yale, Group, Higher, Court, Northern, Northern District of Illinois, Cornell, MIT, Northwestern, Notre Dame, Dartmouth, Caltech Locations: Wall, Silicon, Northwestern, UChicago, Northern District, Columbia, Georgetown, Notre, Penn, Rice, Emory
Some researchers, however, are now fighting back and developing new ways to protect people’s photos and images from AI’s grasp. The prototype, dubbed PhotoGuard, puts an invisible “immunization” over images that stops AI models from being able to manipulate the picture. The aim of PhotoGuard is to protect photos that people upload online from “malicious manipulation by AI models,” Salman said. But he said he hopes that with more engineering efforts, the prototype can be turned into a larger product that can be used to protect images. While generative AI tools “allow us to do amazing stuff, it comes with huge risks,” Salman said.
Persons: Eveline, , Fröhlich, “ We’ve, Glaze, ” Fröhlich, , AI’s overreach, Pope dripped, Vincent Van Gogh, they’re, it’s, Ben Zhao, ” Zhao, Zhao’s, Jon Lam, Lam, Jon Lam “, ” Lam, Zhao, , ” Hadi Salman, ” Salman, Salman, Trevor Noah, MIT CSAIL, Noah Organizations: CNN, University of Chicago, Massachusetts Institute of Technology, MIT, PhotoGuard Locations: Stuttgart, Germany, California
Chris Hondros | Getty Images News | Getty ImagesBEIJING — The Biden administration's long-awaited executive order on U.S. investments in Chinese companies leaves open plenty of questions on how it will be implemented. "The executive order obviously gives an outline of what the program's scope is going to be like," said Brian P. Curran, a partner, global regulatory at law firm Hogan Lovells in Washington, D.C. "It's not even a proposed rule. U.S. President Joe Biden on Wednesday signed an executive order aimed at restricting U.S. investments into Chinese semiconductor, quantum computing and artificial intelligence companies over national security concerns. This week's announcements don't explicitly prohibit U.S. investments into Chinese businesses, but the documents indicate what policymakers are focused on. But the Treasury said it may request information about transactions completed or agreed to since the issuance of the executive order.
Persons: Goldman Sachs, Chris Hondros, Biden, Brian P, Curran, Hogan Lovells, It's, Joe Biden, Janet Yellen, Winston Ma, what's, We've, Anne Salladin, Jonathan Levy, Pitchbook Organizations: U.S, Getty, Wednesday, Treasury Department, NYU Law, CIC, Treasury, University, Bank, Global, University of Chicago, China VC, China Locations: New York, BEIJING, Washington ,, China, U.S, Greenfield, United States, Pitchbook
Each line in my spreadsheet felt like progress toward a promising and exciting future. I still didn't have a job lined up. These were jobs I'd applied to months prior, and I hadn't heard anything since getting an automated "we have received your application" message. Graduating college without a job lined up was one of the hardest things I'd ever done. I graduated from a selective college where many of my friends had jobs lined up before we even started our senior year.
Persons: I'd Organizations: University of Chicago, Service Locations: Wall, Silicon
Two prominent conservative law professors have concluded that Donald J. Trump is ineligible to be president under a provision of the Constitution that bars people who have engaged in an insurrection from holding government office. The professors are active members of the Federalist Society, the conservative legal group, and proponents of originalism, the method of interpretation that seeks to determine the Constitution’s original meaning. “When we started out, neither of us was sure what the answer was,” Professor Baude said. “People were talking about this provision of the Constitution. We thought: ‘We’re constitutional scholars, and this is an important constitutional question.
Persons: Donald J, Trump, — William Baude, Michael Stokes Paulsen, Thomas —, Baude, , what’s, “ Donald Trump, , Organizations: Federalist Society, University of Chicago, University of St, University of Pennsylvania
Critics say the move is a part of a sustained effort to indoctrinate school children and stifle any independent thinking. Russian President Vladimir Putin has always maintained that Moscow’s unprovoked aggression against Ukraine is an effort to liberate the country from a “Nazi regime” and Western influence. No critical thinking allowedMany countries introduce school children to patriotic ideas and civic values. According to independent human rights monitor OVD-Info, there have been almost 20,000 people detained for protesting against the war in Russia. This complete crackdown on freedom of speech means there isn’t a force in Russia that can counteract school propaganda.
Persons: Vladimir Putin, Sergey Kravtsov, ” Kravtsov, Katerina Tertytchnaya, “ There’s, , Putin, Yuri Kadobnov, Sergey Lavrov, Kirill, ” Ian Garner, ” Tertytchnaya, ” Garner, Garner Organizations: CNN, country’s Ministry of Education, Nazi, Russian, Russian Federation, RIA Novosti, University College London, Ministry of Education, Schools, Getty, Kremlin, University of Chicago’s, Political, Students Locations: Russia, Ukraine, Crimea, Moscow, AFP, Russian, France, Russians, China
Opinion | Why Barbie and Ken Need Each Other
  + stars: | 2023-08-09 | by ( Ross Douthat | ) www.nytimes.com   time to read: +1 min
Between the middle of the 1970s and the late 2010s, in their responses to the General Social Survey, American women reported themselves to be steadily unhappier. They started out slightly unhappier than women and then made gains in the Reagan and Clinton years, while female happiness declined. But then male unhappiness plunged between the 9/11 era and Barack Obama’s re-election in 2012, before stabilizing a bit thereafter. By the pre-Covid period, the sexes were close to parity — sharing more reported unhappiness than either had been experiencing 30 or 40 years before. In 1970, just 9 percent of people ages 25 to 50 had never tied the knot; in 2018, it was 35 percent.
Persons: Obama, Clinton, Reagan, Barack Obama’s, Sam Peltzman Organizations: General Social Survey, Trump, University of Chicago
Oil and food prices have jumped in recent weeks, and wages are still growing strongly in some of the world’s biggest economies. The UN global Food Price Index rose in July, notching only the second monthly increase in a year of steady declines. Oil supply cutsGlobal oil prices have shot up in recent weeks. The International Energy Agency has forecast that global oil demand will rise to a record 102 million barrels this year. Rising oil prices have spurred a jump in US gasoline prices, which hit an average of $3.82 a gallon Tuesday.
Persons: ” Randall Kroszner, , Price, Chris Ratcliffe, Richard Bronze, , , unraveled, ” Kroszner, — “, Michelle Bowman Organizations: London CNN, US Federal Reserve, European Central Bank, US Federal Reserve System, University of Chicago Booth School of Business, CNN, UN, Bloomberg, Getty, West Texas Intermediate, International Energy Agency, OPEC, Agriculture Organization, United Nations, Capital Economics, “ Labor, Bank Locations: Ukraine, United States, United Kingdom, Brent, Saudi Arabia, Russia, Moscow
NEW YORK, Aug 7 (Reuters) - Goldman Sachs' (GS.N) global head of commodities research Jeff Currie, a prominent analyst who accurately predicted a surge in commodity prices in the 2000s, is retiring, according to a memo seen by Reuters. Julian Salisbury, chief investment officer of its asset and wealth management arm, is departing to join investment firm Sixth Street, according to an announcement last month. His forecast was borne out in what would become known as the commodities supercycle, during which crude oil surged to record highs in 2008. More recently, Currie revived his prediction for another supercycle fuelled by pandemic stimulus measures and rebounding economic activity. Currie joined Goldman in 1996 and was promoted to managing director in 2002, then partner in 2008.
Persons: Goldman Sachs, Jeff Currie, Currie, Julian Salisbury, Jan Hatzius, Goldman, Dina Powell McCormick, Lisa Opoku, Saeed Azhar, Lananh Nguyen, Sam Holmes Organizations: Reuters, Sixth, Reuters Commodities Summit, University of Chicago's Energy Policy Institute, Goldman, Thomson
In the end, the group of Harvard and Brown University-based economists found that attending an Ivy League college has a "statistically insignificant impact" on earnings. Leadership positions are disproportionately held by graduates of a few highly selective private colleges, the Opportunity Insights report found. Meanwhile, at the nation's top schools, including many in the Ivy League, acceptance rates hover near all-time lows. The pathway to CEO is not necessarily an elite university. However, "the pathway to CEO is not necessarily an elite university," added Alvin Tillery, a political science professor and director of Northwestern's Center for the Study of Diversity and Democracy.
Persons: Christopher Rim, Alvin Tillery, Hafeez Lakhani Organizations: Princeton University, Office, Communications, Harvard University, University of North, Ivy League, Harvard, Brown University, Stanford University, Duke University, University of Chicago, Technology, Command, ACT, Northwestern's Center, Diversity, Diversity and Democracy, Princeton, MIT, Glowimages, Getty Locations: New Jersey, University of North Carolina, Massachusetts, New York, Michigan , Illinois, Wisconsin
On Tuesday, Goolsbee said his own decision at the Fed's next meeting in September will be driven by what happens on prices. And those metrics suggest, Goolsbee said, that the Fed is on the "golden path" of disinflation without a recession. But, he added, he does not see a tight connection between labor market tightness and inflation - meaning, he believes that inflation can fade even as the job market stays healthy. The Fed's September rate call will depend on what happens with inflation, as will how long the Fed will keep rates high and when it will start cutting, he said. "The answer is, it totally depends on whether we're able to navigate the path and get inflation down without a recession," he said.
Persons: Austan Goolsbee, Obama, Brendan McDermid, Goolsbee, that's, Banks, Ann Saphir, Andrea Ricci Organizations: University of Chicago, Democracy, REUTERS, Chicago Federal Reserve Bank, Reuters, U.S, Fed, Labor Department, Thomson Locations: New York City, U.S
Saul Loeb | AFP | Getty ImagesThe recent spike in mortgage rates has created a so-called golden handcuff effect. For homeowners, a low mortgage rate is similar. Nearly 82% of home shoppers said they felt "locked-in" by their existing low-rate mortgage, according to a recent survey by Realtor.com. Between 1978 and 1981, mortgage rates similarly doubled from around 9% to more than 18%, compelling more homeowners to hold on to their homes. Mortgage rates may not return to sub-3% levels again anytime soon — if ever.
Persons: Bob, Terri Wood, Bob Wood Bob Wood, Terri, It's, Wood, Tomas Philipson, Philipson, Saul Loeb, he'd, Zillow, Greg McBride, Sam Khater, Freddie Mac's, Jacob Channel Organizations: University of Chicago, White House Council, Economic Advisers, AFP, Getty, Jacob Channel Locations: Mobile , Alabama, Tennessee, Arlington , Virginia, Bankrate.com, LendingTree
Opinion | The State of Evangelical America
  + stars: | 2023-07-30 | by ( Tish Harrison Warren | ) www.nytimes.com   time to read: +2 min
And you often say that people don’t always leave the church because of what Christians believe, but instead because they don’t think Christians actually believe what they claim to believe. And in many cases they’re starting to question not whether the church is too strict, but whether the church actually holds to a morality at all. I think the fragmentation that’s happening to the evangelical movement right now is actually a necessary precondition for renewal. I won’t give up on the word “evangelical.” There was a time when I did. I wrote an op-ed in 2016 in The Washington Post called “Why This Election Makes Me Hate the Word ‘Evangelical’” — but I’ve come around.
Persons: don’t, “ I’m, I’m, , Tim Keller, it’s, Tim, North Americans don’t, we’ve Organizations: The Washington Post, University of Chicago, North Americans Locations: evangelicalism, The, Africa, Asia, Latin America
In reality, Einstein and J. Robert Oppenheimer knew each other but weren't friends until much later. The movie focuses on J. Robert Oppenheimer, who led the assembly and testing of the first-ever atomic bomb at Los Alamos in New Mexico. Einstein and Oppenheimer disagreed on a key issue: the governmentOppenheimer (right) standing with General Leslie Groves of the US army. Out of fear the Nazis would develop and use a nuclear weapon, Einstein wrote the letter that convinced President Franklin D. Roosevelt to launch an atom-bomb program. Einstein the outsider, Oppenheimer the disgraced insiderJ. Robert Oppenheimer in 1950.
Persons: Albert Einstein, Christopher Nolan, Oppenheimer, Einstein, J, Robert Oppenheimer, Nolan, Alex Wellerstein, Corbis, who'd, Edward Teller, Wellerstein, Arthur Compton, Leslie Groves, Einstein wasn't, wouldn't, Franklin D, Roosevelt, Lewis Strauss, Strauss Organizations: Service, Manhattan, Princeton, New York Times, Manhattan Project, University of Chicago, Times, Getty, Trinity, National Security Research, United Locations: Wall, Silicon, Los Alamos, New Mexico, Princeton, United States
Opinion | The Case for Tourism
  + stars: | 2023-07-28 | by ( Ross Douthat | ) www.nytimes.com   time to read: +3 min
Agnes Callard, a University of Chicago philosopher, infuriated various portions of the internet in June with an essay making the case against travel. Though really it was the case against tourism, since Callard exempted many forms of travel — for work or study, for personal or political reasons or charitable service — from her critique. The traveler departs confident that she will come back with the same basic interests, political beliefs and living arrangements. So I refrained from any comment on her thesis, assuming — like every other self-deluded tourist — that I would return more enlightened than before. But casting my mind back to that distant prior self, I dimly remember having two reactions to Callard’s essay.
Persons: Agnes Callard, Walker Percy, Ralph Waldo Emerson, Chesterton, Callard, Mona Lisa, , Percy Organizations: University of Chicago, Scottish Locations: G.K, France, Britain, Netherlands
A new study shows kids of the top 1% are over twice as likely to be admitted to Ivy Plus colleges. That's despite scoring no better than students of other income groups, per an Opportunity Insights study. Ivy Plus refers to the eight Ivy League colleges Brown, Columbia, Cornell, Dartmouth, Harvard, UPenn, Princeton, and Yale, plus Stanford, MIT, Duke, and the University of Chicago. On Tuesday, the US Department of Education launched a federal civil rights probe against Harvard, alleging favoritism towards legacy students in their admission process, per Reuters. The Ivy Plus colleges did not immediately respond to requests for comment from Insider, sent outside regular business hours.
Persons: Rhodes Organizations: Ivy Plus, Service, Opportunity, Harvard, Ivy, Ivy League colleges Brown, Cornell, Dartmouth, Yale, Stanford, MIT, Duke, University of Chicago, US, Associated Press, US Department of Education, Reuters Locations: Wall, Silicon, Columbia, UPenn, Princeton
Russia's economy could return to global markets if Ukraine joins NATO, Konstantin Sonin wrote. The Russia scholar said Kyiv's membership in the alliance would make it harder for the Kremlin to justify outsized military spending. Such rhetoric typically prioritized high military spending over economic welfare, a factor in the Soviet Union's 1991 downfall, Konstantin said. "To be sure, bringing Ukraine into NATO would not undo the damage Putin has inflicted on the Russian economy," he said. And the growth of military spending has been difficult to track because an increasingly larger portion of it has been determined a state secret.
Persons: Konstantin Sonin, Putin, Vladimir Putin, Long, Konstantin Organizations: NATO, Service, University of Chicago, Project Syndicate Locations: Ukraine, Russia, Wall, Silicon, Soviet
Opening a new front in legal battles over college admissions, the U.S. Department of Education has launched a civil rights investigation into Harvard University's policies on legacy admissions. An Education Department spokesperson confirmed its Office for Civil Rights opened an investigation at Harvard. Wesleyan President Michael Roth said a student's "legacy status" has played a negligible role in admissions, but would now be eliminated entirely. Legacy policies have been called into question after last month's Supreme Court ruling banning affirmative action and any consideration of race in college admissions. NAACP President and CEO Derrick Johnson said he commended the Education Department for taking steps to ensure the higher education system "works for every American, not just a privileged few."
Persons: Jane Sujen Bock, Michael Roth, Derrick Johnson, Brown Organizations: U.S . Department of Education, Harvard, Civil Rights, discriminates, Education Department, Coalition, Wesleyan University, Wesleyan, Amherst College, Carnegie Melon University, Johns Hopkins University, NAACP, Ivy League, Stanford, MIT, Duke, University of Chicago, Athletic Locations: Boston, New England, Connecticut, Massachusetts, Pennsylvania, Maryland
A recent study found that public support for using violence to "coerce" members of Congress nearly doubled from January to June. Support among self-identified Democrats for political violence grew by about 250%, according to the study. The spike was most pronounced among self-identified Democrats: in January, 7% of Democrats supported using political violence against lawmakers, and that number climbed to 16% in June. By contrast, the support for political violence against Congress among self-identifying Republicans increased by 50%. Specifically, the survey found roughly 4% of Americans — an estimated 12 million people — supported using violence to return Trump to office in April.
Persons: Robert Pape, Donald Trump, Trump, Pape Organizations: Service, University of Chicago's, Security, , University of Chicago, Republican Locations: Wall, Silicon
The number of gig workers is growing and making an impact throughout the economy. But workplace experts say the number of gig workers is growing, and and their impact is being felt throughout the economy. “People who have access to the gig economy borrow less money than people who don’t. Working in the gig economy can help people spend more time searching for their next job, if they've been laid off. “We could do so much better.”Recently, local governments have attempted to bolster platform gig workers’ protections.
Persons: Los Angeles CNN — Lazarus, , that’s, Eric Baradat, Louis Hyman, Uber, DoorDash, Jenn Rosenberg, Hyman, , Erica Groshen, they've, Spencer Platt, Doordash, Susan Houseman, Groshen, we’ve, ” Groshen, they’re Organizations: Los Angeles CNN, Uber, CNN, DoorDash, Getty, of Labor Statistics, Cornell University, “ Society, University of Chicago, IRS, Bureau of Labor Statistics, Massachusetts Institute of Technology, BLS, . Upjohn Institute, Employment Research, North, New York City, Federal Reserve, Federal, System Locations: Hill , North Carolina, , United States, AFP, DoorDash, Kalamazoo , Michigan, North America, New York, California
Manhattan Project: After a harrowing escape from Nazi-occupied Denmark in 1943, Bohr began consulting on the Manhattan Project. Manhattan Project: Between 1943 and 1944, Muller was a civilian advisor for the Manhattan Project, consulting on experiments studying the effects of radiation. Maria Goeppert Mayer, Nobel Prize in Physics, 1963Maria Goeppert Mayer worked on the Manhattan Project and later won the Nobel Prize in physics. Manhattan Project: Working as an assistant to his father, Niels Bohr, Aage Bohr proved instrumental in interpreting for some members of the Manhattan Project. Manhattan Project: At 18, Glauber was still a student at Harvard when he became one of the youngest scientists to join the Manhattan Project.
Persons: Robert Oppenheimer, Alfred Nobel, Joseph Rotblat, Albert Einstein, Christopher Nolan's, Oppenheimer, Niels Bohr, Bohr, Nicholas Baker, Nick, James Franck, Boyer, Roger Viollet, Gustav Ludwig Hertz, Niels Bohr's, Franck, Arthur Compton, Imagno, Compton, Harold Urey, Harold, Urey, James Chadwick, Chadwick, Enrico Fermi, Fermi, Ernest Lawrence, Lawrence, Isidor Isaac Rabi, Nancy R, Schiff, Rabi, Hermann Muller, Muller, Edwin McMillan, Bettmann, Glenn Seaborg, McMillan, Elsie McMillan, Seaborg, Felix Bloch, Edward Purcell, Nobel, Hans Bethe, Bloch, Purcell, Emilio Segrè, Owen Chamberlain, Chamberlain, Segrè, Willard Libby, Leona Libby, Lowell, Libby, Linus Pauling, Leona Woods Marshall Libby, Eugene Wigner, Wigner, Leo Szilard's, Einstein, Franklin D, Roosevelt, Maria Goeppert Mayer, J, Hans Jensen, Goeppert Mayer, Teller, Richard Feynman, Tomonaga, Julian Schwinger, Fenynman, Hans Bethe's, Feynmwan, Feynman, Schwinger, Robert Mulliken, Mulliken, Szilard, Hans A, Bethe, Luis Alvarez, Alvarez, Enola Gay, Walter Alvarez, James Rainwater, Aage Bohr, Ben Mottelson, Rainwater, Wu, Aage Niels Bohr, Mottelson, mumbled, Val Fitch, James Cronin, Fitch, Jerome Karle, Isabelle, Larry Morris, Herbert Hauptman, Karle, Isabella Karle, Norman Ramsey, Ellie Welch, Ramsey, Norman Ramsey's Nobel, David Cheskin, Rotblat, Russell, Bertrand Russell, Enstinen, Frederick Reines, Philippe Caron, Sygma, Reines, Roy Glauber, Gail Oskin, Glauber Organizations: Manhattan Project, Service, Manhattan, US Army, AP, Getty, University of Chicago's Metallurgical Laboratory, Chicago Met, Los Angeles Examiner, USC, Columbia, Keystone, Gamma, Columbia University, University of Chicago, Trinity Test, University of California, Lawrence Berkeley National Laboratory, Lawrence Livermore National Laboratory, Hulton, Trinity, Deutsch, Los Alamos, University of Chicago's Metallurgical, Atomic Energy Commission, Harvard University, MIT Rad Lab, Denver, Chicago Met Lab, Materials Laboratory, Los, Radiation Laboratory, MIT, University of Chicago's, Princeton University, Naval Research Lab, Washington, US Naval Research Laboratory, Science, World Affairs, Einstein, Los Alamos National Laboratory, Harvard, Institute for Locations: Wall, Silicon, Polish, Denmark, Copenhagen, Nazi, London , Washington, Los Alamos, German, Germany, Japan, Manhattan, British, France, Washington, DC, Berkeley, Ridge , Tennessee, Los, New Mexico, Hanford, antiprotons, Hiroshima, Lowell Georgia, San Diego, Chicago, Washington ,
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