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A ship carrying passengers who included a group of ‘Climate Change Warriors’ who are concerned about melting Arctic ice got stuck in the ice halfway between Norway and the North Pole.

Oh, the irony.

“Arctic tours ship MS MALMO with 16 passengers on board got stuck in ice on Sep 3 off Longyearbyen, Svalbard Archipelago,” reports the Maritime Bulletin. “The ship is on Arctic tour with Climate Change documentary film team, and tourists, concerned with Climate Change and melting Arctic ice.”

The passengers were safely evacuated by helicopter.


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But Trump Administration seemingly unbothered

After months of speculation about who exactly was behind a series of eavesdropping fake cell towers in Washington DC, it appears the answer is Israel.…

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The Challengers To China's Rare-Earth Monopoly

Authored by Irina Slav via OilPrice.com,



Dominance is not a word that the Pentagon and the White House like to hear when it’s not preceded by “U.S.” Right now, amid a trade war with Beijing, it is a word that officials want to hear even less when it’s preceded by “Chinese”. Yet in one strategic area, there is a true Chinese dominance that has many people worried.


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br />

Rare earths are a group of 17 chemical elements crucial for a variety of products, from magnets to batteries, including EV batteries—a nascent battlefield for various battery technologies. China is home to 85 percent of the world’s rare earths production capacity, and unlike other countries, it has spend decades developing the most efficient technologies not just for extracting them but for processing these seventeen metals as well.





The United States, on the other hand, imports most of the rare earths it needs—with 75 percent of these imports coming from China—and there is a fear if China decides to use its rare earths monopoly as a weapon in the trade war, the damage could be significant.



There is a sound reason for this fear, because there is precedent of China weaponizing its rare earths production and processing capacity.



Eight years ago, a trade dispute with Japan irritated Beijing enough to embargo rare earths exports to Japan. The frantic stockpiling sent prices sky-high.



Luckily, China is not the only place that has rare earths.



In fact, there is at least one untapped deposit of these elements in the United States itself, and now two companies are preparing to tap it. USA Rare Earth and Texas Mineral Resources Corp. recently joined forces to develop the Round Top deposit in Texas, which, according to the companies, has abundant reserves of 15 of the 17 rare earths along with other minerals deemed critical for U.S. national security. What’s more, developing these reserves would be cheap enough to make it competitive.



The joint venture of the two companies envisages capex of $350 million initially and estimates the payback period on this capex at just 1.4 years. Annual production is seen at over 2,000 tons with the economic life of the mine estimated at 20 years, to mine 14 percent of the existing resource estimate. Since expectations are that there will be more extractable resources, the mine’s potential life could span 140 years. Startup is scheduled for 30 months from now.



Meanwhile in Australia, the federal government recently selected 15 rare earths mining projects that it will support as part of a joint effort with the United States to stand up to the Chinese dominance. Together, these would require funding of US$3.9 billion (A$5.7 billion), The Financial Times reported recently.




“The critical minerals sector is vital for defence, with many of our advanced capabilities depending on them. That means it is essential we have a secure source of supply, especially given the current geopolitical headwinds,” Australia’s defense minister, Linda Reynolds, said as quoted by the FT recently.




Rare earths are vital for developed economies not just because of their defence industry applications, but because they are in every electronic device. Recycling is not an option because they are used in minute amounts, which makes extracting them for reuse too expensive for the time being. Beginning local production makes the best sense, even if it comes with a delay.




Tyler Durden

Thu, 09/12/2019 - 21:05
197
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Trans activist jumps the shark.
162
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Blokes left in legal limbo amid electronic records audit

Two men hired to assess a court record system's computer security were arrested Wednesday – after they were caught physically sneaking into a courthouse.…

185
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Mozilla has officially launched a new privacy-focused VPN service, called Firefox Private Network, as a browser extension that aims to encrypt your online activity and limit what websites and advertisers know about you.

Firefox Private Network service is currently in beta and available only to desktop users in the United States as part of Mozilla's recently expunged "Firefox Test Pilot"
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<p>SDC did not have the warmest welcome on the Nasdaq.</p><br /><p>Guessing there weren&#x2019;t too many smiles around the SmileDirectClub offices today.</p><p>Read Full Story</p><div class="feedflare"><br /> <br /></div>
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Facebook Suspends Netanyahu Page Function For Hate Speech

As Benjamin Netanyahu fights for his political survival, seeking a record 5th term as prime minister during the upcoming Sept. 17 elections, he and his Likud party have suffered a huge public embarrassment while attempting to out-hawk their political rivals.



In an unprecedented move Facebook said Thursday it suspended a key function of Netanyahu's official Facebook page due to "a

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violation of the company’s hate speech policy." The sanction will be in effect for 24 hours, according to a company statement. 



The offending campaign message urged voters to avoid bringing into power a government composed of 




“Arabs who want to destroy us all — women, children and men.”



Prime Minister Benjamin Netanyahu. Image source: Shutterstock

The page is considered a crucial part of his election campaign, given it has over 2.4 million followers and is his team's prime social media outreach tool. 



The xenophobic post identifying "Arabs" as seeking to "destroy" all Israelis resulted in an immediate uproar and backlash among opposition politicians and supporters.



The message also said Netanyahu's opponents in the center-right Blue and White Party will "allow a nuclearized Iran that will annihilate us" if they win the crucial election. 



Facebook ultimately agreed a chatbot operated by the official account of the Israeli prime minister had produced hate speech. The Hebrew language post appeared, ironically enough, on September 11. 




"After careful review of the Likud campaign’s bot activities, we found a violation of our hate speech policy," the company said in a statement. "We also found that the bot was misusing the platform by contacting people outside the time period allowed. As a result, we temporarily suspended the bot for 24 hours. Should there be any additional violations, we will continue to take appropriate action."




The prime minister was quick to distance himself from it, saying on a local radio broadcast interview that a staffer wrote it and that his team has deleted it. 



Screenshot of the offending Hebrew language message in question:





Netanyahu has aggressively sought to appeal to the far-right and nationalist voters by presenting himself as a hardliner on the Jewish state's security, which includes him days ago announcing a deeply controversial plan to annex large parts of the West Bank, including the Jordan Valley, if re-elected



The Facebook page sanction immediately unleashed an avalanche of mockery and commentary on social media, where many pointed out the incident highlights Israel's 'apartheid policies' based on race and ethno-religious identity. 




Tyler Durden

Thu, 09/12/2019 - 20:05


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Politics

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SCoPEx is an acronym for “Stratospheric Controlled Perturbation Experiment,” and it’s the name of a new Bill Gates-funded global genocide experiment designed to eliminate most living humans by collapsing the biosphere.

The dangerous SCoPEx plan, which is being masterminded by mad scientists at Harvard, falls right in line with the genocidal dreams of communist Democrat presidential candidate Bernie Sanders, who recently announced his endorsement for expanding mass abortions across Third World nations in order to achieve accelerated depopulation of brown and black people.

Both SCo
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PEx and Bernie Sander’s eugenics population control scheme are being packaged under the label of halting “climate change,” a false, manufactured crisis invented by globalists to spread mass hysteria and convince the people of the world to surrender all remaining liberties.

“This is not the crackpot plan of a garden-shed inventor,” writes the UK Daily Mail. “The project is being funded by billionaire and Microsoft founder Bill Gates and pioneered by scientists at Harvard University.”


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Bug-hunter says Cupertino won't even pay $1 reward for security hole

Video  Apple's latest iOS 13 build appears to have the same sort of lock-screen bypass that plagued previous versions of the iPhone firmware.…

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US Suicide Rate Hits 50-Year Highs, And There's Concern That It'll Go Much Higher

Authored by Michael Snyder via The Economic Collapse blog,



Despite the fact that more money is being spent on suicide prevention efforts than ever before in our history, the suicide rate in the United States continues to rise dramatically.  As you will see below, one new study has discovered that our suicide rate actually increased by 41 p

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ercent between 1999 and 2016.  Even though we have the highest standard of living that any generation of Americans has ever enjoyed, we are an exceedingly unhappy nation and we are killing ourselves in unprecedented numbers.  This shouldn’t be happening, but unfortunately the forces that have taken over our culture have convinced multitudes of Americans that their lives are not worth living any longer.  In a culture where truth has been abandoned, it is easy for lies to run rampant, and it takes a great deal of deception to get someone to willingly choose to embrace suicide.  No matter what you are going through right now, there is always a way to turn things around, and we all have been given lives worth living.





Sadly, the suicide rate in this country has continued to escalate year after year.  According to the Los Angeles Times, 2017 is “the latest year for which reliable statistics are available”, and in that year the U.S. suicide rate hit a 50 year high…




Whether they are densely populated or deeply rural, few communities in the United States have escaped a shocking increase in suicides over the last two decades. From 1999 to 2016, suicide claimed the lives of 453,577 adults between the ages of 25 and 64 — enough to fill more than 1,000 jumbo jets.



Suicides reached a 50-year peak in 2017, the latest year for which reliable statistics are available.




These numbers come from a new study that was just released, and it claims that our suicide rate actually increased by 41 percent between 1999 and 2016…




The researchers evaluated national suicide data collected between 1999 and 2016, then created a county-by-county estimation of suicide rates among all adults between the ages of 25-64. In that time period, suicide rates rose an astonishing 41%; from a median of 15 suicides per 100,000 county residents in 1999 to 21.2 in the last three years of analysis.




And suicide is also a rapidly growing problem among our teens and young adults as well.



In fact, suicide is now the second leading cause of death for Americans from age 10 to age 24.



Everyone goes through very low times, and for many people it can seem like those low times will never end.  But when I was at my lowest points many years ago, I always had faith that better days were coming, even though at the time I couldn’t even imagine the absolutely amazing things that were ahead for me.  The point that I am trying to make is that we simply do not know what the future will hold.  No matter how dark things may seem to you right now, a miracle could literally be right around the corner.



This new study that just came out also discovered that suicide rates are significantly higher in rural parts of the country…




It was noted that suicide rates were at their highest in less-populous counties and in areas where people have lower incomes and diminished access to resources. For example, between 2014 and 2016, there were 17.6 suicides per 100,000 people in large metropolitan counties, noticeably lower than the 22 suicides per 100,000 people recorded in rural counties.




The quality of life in rural areas is so much nicer in so many ways, but there is also a lot of isolation and poverty as well.  Humans are meant to be social creatures, and when there aren’t a lot of people around that can feed feelings of depression.  And if someone is deeply struggling with poverty, it can be difficult to see a way out in an area with few economic opportunities.  According to Brookings Institution research analyst Carol Graham, many Americans living in such areas “see no optimism for the future”…




“These are the places that used to be thriving rural places, near enough to cities and manufacturing hubs,” she said. “They’re places that accord with a stereotypical picture of stable blue-collar existence — and a quite nice existence — for whites in the heartland.”



With the collapse of extractive industries such as coal mining, the departure of manufacturing jobs, and a strapped agricultural economy, “these communities just got flipped on their head,” Graham observed. “And the people in those places became unhinged. You’d have a sense of places where everything has left. And among those who stay, you see no optimism for the future.”




If this is happening now, while economic conditions are still relatively stable, what is going to happen to the suicide rate during the next major U.S. economic downturn?



There is never, ever, ever a good reason for someone to commit suicide, but unfortunately during the next recession we are likely to see the suicide rate rise substantially higher.



Another factor that is resulting in a higher rate of suicide in rural areas is a lack of health insurance…




Last but certainly not least, a lack of health insurance coverage is significantly associated with rising suicide rates in rural US counties.



Specifically, the researchers observed that the more people in a county who didn’t have health insurance coverage, the higher that county’s suicide rate was.




When you are buried in medical bills that you know that you will never be able to pay, it can be exceedingly difficult to envision brighter days ahead.  Our healthcare system is deeply, deeply broken, and this is something that I wrote about on Tuesday.



It is such a tragedy when people choose to end their lives because of financial circumstances, because financial circumstances are always temporary.



No matter how bad things are in your life right now, there is always a way to turn them around.  The best days of your life could still be ahead for you, but you have got to be willing to believe that this is true.



Life is an absolutely incredible gift, and don’t let anyone ever convince you that you should end it.



It has been said that life is like a coin.  You can spend it any way that you want, but you can only spend it once.  I would encourage you to spend it loving others greatly, enjoying each day to the fullest, and doing something that truly matters.




Tyler Durden

Thu, 09/12/2019 - 17:45


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Social Issues

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<p>This digital marketer and entrepreneur knew nothing about songwriting. So she enlisted the help of others to turn it into a business opportunity. </p><br /><p>There are many things I don&#x2019;t know how to do. But in today&#x2019;s internet age, it&#x2019;s possible to figure out how to do just about anything. Many entrepreneurs, myself included, often jump into projects with little knowledge on how to complete them. My approach has always been to read along the way, talk to others, and learn as I go. This year, I used this process to learn an entirely
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new skill that turned into a new stream of income and also unlocked new business doors.</p><p>Read Full Story</p><div class="feedflare"><br /> <br /></div>
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A Manufacturing Recession In Key Swing States Could Cost President Trump The 2020 Election

A manufacturing recession could wind up being the Achilles Heel for President Trump in the upcoming 2020 election, says Bloomberg Businessweek. 



Greg Petras, President of Kuhn North America, who employs about 600 people at its farm equipment factory in Wisconsin, says that President Trump's claims of China bearing the brunt of his

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tariffs are "outright lies". For Kuhn, the trade war has resulted in rising costs and falling sales. 




“You’re slamming your fist on the steering wheel and saying ‘Why would you tell people this?’” Petras said of Trump's comments.






About 250 of his employees spent their Labor Day weekend in the midst of a 2 week furlough, and they're facing another one in October. The company's shrinking order book has meant that is has to cut costs and slash production. For people like Petras, the economy looks "far bleaker from the swing-state heartland than it does in either the White House or on Wall Street," the report notes.



While the company's summer picnic survived, its weekend shifts didn't. Four years ago, the plant was "humming along" to a record $400 million in sales with its sister plant in Kansas running at 50% capacity. This $11 million paint shop, which coats its products in its signature "Kuhn Red" is now at 39% capacity. 



The company has had to shelve plans for a $4 million R&D facility. Petras said: “We’ll do it someday. We just need things to be going in a better direction.”





This rounds out a picture of the country's heartland, where there seems to be a rising tide of evidence that the country is heading for a recession. America's factories have been hit not only by the trade war, but also by rising uncertainty, a damper on capital expenditures, slowing export markets, a stronger dollar, and higher input costs.



Manufacturing activity measured by August's ISM number showed the first contraction since 2016, sending stock prices and bond yields tumbling. The last time the country logged two consecutive quarters of contractions was in 2016, when the country lost about 30,000 manufacturing jobs as a result of oil prices collapsing. None of those quarters saw a slump as bad as the 3.1% number that was posted in the second quarter of this year. 



And the rise in industrial jobs that President Trump saw his first two years in office has "gone into reverse". The U.S. added 44,000 manufacturing jobs this year, down from the 170,000 it added during the same period last year.





The number of people working in factories in 22 states - including key states like Wisconsin and Pennsylvania - fell in the first seven months of this year. Trump had campaigned on, and promised, bringing factories back home by unraveling deals like NAFTA and taking on China. 



Those promises aren't likely to have the same effect in 2020 that they did while campaigning in 2016. Trump, on the other hand, continues to believe the ends will justify the means. 




“To me, this is much more important than the economy,” Trump said on Sept. 4.



“Somebody had to do this.”




He has called businesses that blame tariffs "badly run and weak" and has tried to force U.S. companies to abandon China. His advisers have argued that blame belongs squarely on the Federal Reserve for hiking interest rates too quickly last year. They also blame the strong dollar for making U.S. exports less competitive. 



Trump also points to gains in manufacturing employment during his term. The U.S. has added 485,000 factory jobs since Trump took office, according to Bureau of Labor Statistics data.



But in the swing states, where it will matter to Trump's 2020 election bid, the news is more grim. Pennsylvania, for instance, lost more than 8,000 manufacturing jobs in the first seven months of this year. And Trump is said to be more exposed politically to a manufacturing downturn than any Democratic rival. Manufacturing accounted for almost 12% of the jobs in counties that voted for Trump in 2016 versus less than 7% for those who supported Clinton. 



In battleground states, the difference is even more pronounced: factory jobs accounted for more than 21% of employment there. 





Mark Muro, a senior fellow at the Brookings Institution said: “This is the one thing he was going to deliver. And Democrats are not vulnerable at all because if things go south they are not responsible at all.”



Petras, who is a lifelong Republican, says he won't vote for Trump in 2020. He's now "expecting to vote for a Democrat". 



“I defaulted to the Republican ticket thinking pro-business,” he said about voting for Trump in 2016. His company has paid $2.5 million more for steel over the last 12 months than it did the year prior. This makes up about 1% of the $250 million in sales he's expecting for the year. He'll also pay about $1 million in tariffs this year on about 100 different parts it buys from outside suppliers. 



His purchashing manager, Jim Paum, said: “You can tell the health of the economy from these phone calls. For the most part it’s not as healthy as Wall Street thinks.




“There’s more uncertainty, not less uncertainty,” Petras concluded.



“It’s not a good economy at all.”




You can read Bloomberg's full longform writeup here.




Tyler Durden

Thu, 09/12/2019 - 18:05


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Politics
Business Finance

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Watch this link of live coverage of these historic events -- and share this link!
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Taking another step towards their policy of ensuring privacy to users, Mozilla has now announced their first commercial product. Mozilla



Mozilla Announces Their Own VPN Extension on Latest Hacking News.

202
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<p>Who would have guessed?</p><br /><p>When the world&#x2019;s most common insecticides, called neonicotinoids, came on the market in the late 1980s, they were intended to be safer for bees than alternatives. Studies eventually showed that they were actually harming bees&#x2014;and a new study offers new evidence that the chemicals are also harming birds.</p><p>Read Full Story</p><div class="feedflare"><br /> <br /></div>
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Never Go Full Rhino - "This Is The Long Now..."

Authored by Mark Jeftovic via Guerilla-Capitalism.com,



Last night I made the mistake of putting Ben Hunt’s The Long Now Part 2 on a tablet and brought it to bed to read. My kid had an early morning soccer practice at school today and I thought I’d read this before turning in. By the end of it I couldn’t sleep.





It articulated something I’ve been

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grappling with for so long, so clearly and so lucidly that it got my mind racing. I’m sure you all know how it is when you’re galvanized by an idea at night. You lie there in bed with your brain completely overclocked, scribbling in a notebook beside the bed. I ended up padding over to my office and emailing Mr. Hunt around midnight and he gave me permission to attach a PDF of the The Long Now Part 2 with the email I’m sending my list. It’s also online at the EpsilonTheory website.



From the very opening line, I should have known I was in for a sleepless night….




Every three or four generations, humanity consumes itself with the fang and claw of fascism and collectivism. Every three or four generations, we eat our own.



This is that time. This is the Long Now.




As it so happens, I had just started listening to Strauss and Howe’s The Fourth Turning this week, a book I’ve owned probably since the third turning but never got around to reading/listening to until now. I knew the overall concept of the Fourth Turning, and that by Howe’s reckoning we had entered the Fourth Turning with the Global Financial Crisis of 2008-09.



The Fourth Turning is a crisis period, what Hunt calls The Long Now…




In politics it takes the form of a widening gyre, where the center cannot hold against the onslaught of polarizing political entrepreneurs who eliminate the political promise of the future, replacing it with the Long Now of constant political fear. In economics it takes the form of a market utility, where those same illiberal political entrepreneurs eliminate the economic risk of the future, replacing it with the Long Now of constant economic stimulus.




Hunt calls forth the analogy of the Rhinoceros, after the 1959 novel by Eugene Ionesco. In the story the villagers in a central European town begin, one by each, turning into rhinos, and then running on destructive rampages through the town. It is a metaphor, Hunt tells us, that describes how fascism rises within an otherwise normal community….




People are a little puzzled at first, what with their fellow citizens just turning into rampaging rhinos out of the blue, but even that slight puzzlement fades quickly enough.



Soon it’s just the New Normal. Soon it’s just the way things are … a good thing, even.




The key point Hunt makes in his essay is this:



It’s not just bad people who turn into rhinos

Everybody is susceptible, and the penalty for buttressing oneself against the trend of “going Rhino” is utter and profound aloneness. It almost seems not worth it.



Your typical MAGA zealot is a rhino. So is everybody in Antifa. Both Paul Krugman and Tucker Carlson are rhinos. People who mean well become rhinos because in the prospective Rhino’s mind




…the danger at hand is so great, so existential, that NOTHING MATTERS other than combating that danger, that you must sacrifice your most precious possession – your autonomy of mind – to believe in the necessity of these political actions. You must not only think that it is possible for 2 + 2 = 5 if the political exigency is urgent enough, you must believe that it is necessary for 2 + 2 = 5. Orwell called this “collective solipsism”. I call it political nihilism. Either way, THIS is the politics of the Long Now.




We are all in danger of  “going Rhino”: Yesterday, in fact, I had just set up a new Twitter account, a parody that was to push a new blog I was spinning up whose intent was to be like the “F**kedCompany” of this generations’ forthcoming tech bubble implosion. It was cynical. Jaded. Biting. After reading The Long Now, I felt slightly ashamed of myself.  It wasn’t helping. Even if I managed to get it off the ground it wasn’t going to be productive. It would be yet another source of acerbic angst in your social media feed. Who really needs that?



So this morning I shut the entire thing down and started writing this instead. As Hunt tells us, we can’t do anything about the disruption that is baked-in to a Fourth Turning / Long Now style unraveling.  All we can do is to “refuse to become rhinoceros ourselves”, and in doing that, we take another tack:



Make, Protect, Teach

What resonated with me so much from reading this essay was because I’ve been trying to articulate something similar for a long time. It’s the basic premise behind “The Transition Overview: Building Companies That Matter” piece that kicked off Guerrilla Capitalism back in 2017. In my last podcast with Charles Hugh Smith we talked about it (around the 38:19 mark):




MJ: when I look at  Pathfinding [Our Destiny] like part seven where where we’re talking about what the way forward looks like, that it’s outside of the control of the of the establishment, that it’s outside of the system I get this sense that for society to flourish and adapt around this and evolve. I guess that’s the key word, we’re going do this around the institutionalized hierarchies.



They’re not going to get religion one day, we’re not going to elect the right candidate, we’re not going to have the right party gain power that’s suddenly going to say “I read this great book by Charles Hugh Smith and this is how we’re going do it”.



It’s going to be something like institutionalized hierarchies will just lose more and more relevance as these new social and business and financial configurations start gaining more and more relevance.



CHS: That’s an excellent point and I think if anything I didn’t emphasize that enough. That really what we’re talking about is kind of like hacking the system in in the old time sense that a hack was a workaround. It wasn’t like you were breaking into the system to steal something, you’d created a workaround for a kludgy system that just didn’t work anymore.



And so I think you’re absolutely right, it’s going to be working around us and and Bitcoin is is one example of how workarounds are manifesting and of course the status quo is going try to suppress those and/or co-opt them but what we’re really talking about is when systems fail at a systemic level you can’t reform them. You’re not going to make a policy tweak that’s going to fix higher education or the health care system. It just isn’t going work.



People are going to start working around that and they’re going be starting to pay cash for for medical care from pop up providers or remote physicians. Or there’s lots of different solutions to that in education. What I see the model that’s going to emerge whether people like it or not and is that students are going to start taking control of their own education and they’re going start organizing their own education.



They don’t need this bloated structure that charges them $70,000 a year and so that’s where technology, the internet and networking has really enabled a whole suite of solutions that basically bypass all the institutions that now hold the wealth and power, that have all this as you say institutionalized lethargy as as their their model.



It’s actually quite an exciting time but for those who are dependent on the system within these institutions it’s a very disturbing time




The way through the Long Now is not to vote in the correct political party in or to cajole professional panderers into decreeing the correct policies. We’re beyond that now.



All of this to pave the way for the punch line in The Long Now, Part 2, which is that




“The way through the Long Now is a social movement, not a political party.”




That sentence was why I couldn’t sleep last night. That’s what people like Charles Hugh Smith and Chris Martenson and George Gilder and Tom Woods and numerous others have been converging on for the last decade or so. That’s the emerging theme and Ben Hunt, in this essay I think, finally nailed the three word ethos of what is emerging: Make Protect Teach.






I believe that a decentralized and service-oriented social movement at scale can thrive in the age of social media technology. I believe that a decentralized and service-oriented social movement can both inoculate our hearts from the top-down Nudges that push us into rhinocerosness, as well as fill us with a positive energy that reverses the pervasive alienation that creates the Neb Tnuhs of the world.



It’s a social movement for a revitalized foundation of citizenship. It’s Make – Protect – Teach.



There’s no primacy to these three rightful objects of political power and the citizenship which drives them. Put Teach at the top of the triangle. Spin everything 90 degrees. Marry two of them. Take them independently. Change the colors and the font size. I’m not trying to be symbolic here.



I’m trying to be Real.



I’m trying to provide an alternative to the abstracted world of narrative and cartoon that rules our mindfulness from the top down, in favor of a concreted world of actual human beings making things and protecting each other and teaching each other, where we act as Stewards of our children’s future rather than as Managers of our personal now.




If I’ve done Hunts’ essay any justice in this piece you’ll set aside 15 or 20 minutes and read it sometime in the next day or so. I’ll feel like I’ve accomplished something if you did that.



The Long Now Part 2: Make Protect Teach




Tyler Durden

Thu, 09/12/2019 - 17:15
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Bolton's Exit Raises The Odds Of A US-China Trade Deal

Authored by Spengler via The Asia Times,



President Trump needs a trade deal with China as quickly as possible to avert a sharp slowdown of the US economy, as recent polls have made clear. There won’t be any deal unless the US finds some way to walk back its efforts to keep China’s top telecommunication firm Huawei out of world markets. The summary dismissal today of National

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Security Adviser John Bolton increases the prospects of a deal, although the immediate motivation for Bolton’s departure most likely lies elsewhere.





China and the United States seemed on track for a trade deal in early December 2018 when XI Jinping and Donald Trump dined on the sidelines of a summit meeting in Buenos Aires – except that Canada arrested Huawei CFO Meng Wangzhou at the Vancouver Airport. Trump didn’t know about the arrest, but his national security adviser John Bolton did, as Bolton later said in a radio interview.



A few weeks earlier, the US government began a campaign to persuade its allies to exclude Huawei from the rollout of 5G broadband networks, as the Wall Street Journal first reported Nov. 23, 2018. The Meng Wanzhou arrest, the first use of extraterritorial powers in the case of an alleged sanctions violation, was a declaration of war on the Chinese national champion. In the ensuing months, the United States banned US technology firms from supplying components and software to Huawei and demanded that its allies boycott its 5G network systems.



All of the presidential orders targeting Huawei were drafted by Bolton’s staff at the National Security Council offices in the Executive Office Building next to the White House. Trump’s national security adviser didn’t devise the campaign against Huawei, but he represented the views of the US intelligence community to the White House and helped formulate the rationale for the effort to derail Huawei’s market leadership. Huawei, the US government alleged, might build secret back doors into its routers and steal data, compromising the cybersecurity of any country it supplied. So dangerous was Huawei, US officials alleged, that the US might cut back on intelligence sharing with such countries.



This in my view was a willful deception on the part of America’s spies, intended to distract attention from a different sort of problem. I do not believe that Ambassador Bolton set out to deceive anyone, but it seems likely that he was captured by the intelligence community’s agenda. As I wrote in Asia Times July 7:




The US intelligence community’s alarm at Chinese leadership in 5G mobile broadband has less to do with a threat of Chinese eavesdropping than with the likelihood that electronic eavesdropping will become next to impossible, thanks to quantum cryptography. I have had a number of conversations on the topic with US as well as Chinese sources, but this conclusion appears obvious from public sources.



America’s intelligence community spends nearly $80 billion a year, including $57 billion for the National Intelligence Program and $20 billion for the Military Intelligence Program. Signals intelligence (SIGINT), mainly electronic eavesdropping, takes up the lion’s share of the budget. Among other things, the National Security Agency recorded more than half a billion calls and text messages of Americans in 2017.



In response to a Freedom of Information Act lawsuit by the American Civil Liberties Union, the National Security Agency admitted – for the second time — that it improperly eavesdropped on Americans. The spooks’ ability to tap the conversations of prospective terrorists, foreign leaders like Germany’s Angela Merkel and pretty well anyone it wants is a source of enormous power as well as justification for continued funding.




In the meantime, America’s efforts to suppress Huawei have taken on a life of their own. In the Wall Street Journal today, financier George Soros, a bitter political enemy of President Trump, demanded to know if Trump will “sell out the US on Huawei” by including the technology issue in an overall trade deal. Soros wrote, “China is a dangerous rival in artificial intelligence and machine learning. But for now it still depends on about 30 U.S. companies to supply Huawei with the core components it needs to compete in the 5G market. As long as Huawei remains on the entity list, it will lack crucial technology and be seriously weakened… However, President Trump may soon undermine his own China policy and cede the advantage to Beijing.”



I do not think that the ban on exports of US components to Huawei will slow down its efforts in 5G broadband. With few exceptions, these components are easily sourced elsewhere, and China has had a blank check program to eliminate dependence on US technologies since March 2018, when the US banned sales of handset chips to China’s ZTE.



Still, it is odd to find the liberal Mr. Soros attacking President Trump, as it were, from the right. The US Establishment wants to throw whatever monkey-wrenches it has into the works in the hope of delaying Huawei long enough to figure out what it wants to do next. It doesn’t appear to be working. Last week Deutsche Telekom became the latest European country to inaugurate 5G networks using Huawei equipment.



Morris Lore reports at lightreading.com, “Before Deutsche Telekom’s 5G launch, Three, Vodafone and BT-owned EE had all turned on Huawei-built 5G networks in the UK, despite government indecision on the future role of Chinese suppliers. Vodafone is also using Huawei’s equipment to support 5G services in Italy, Romania and Spain, explaining why it has been Europe’s most vociferous opponent of the anti-Huawei campaign. Elsewhere, Huawei is live in Switzerland and Finland, where it equips Sunrise and Elisa respectively.”



To America’s great embarrassment, the whole of Eurasia has ignored its imprecations against Huawei. Bolton’s high-profile campaign, joined by Secretary of State Mike Pompeo, has failed, and President Trump doesn’t like to fail.



Bolton is quite the China hawk. In January 2018, three months before he took office, he argued in the Wall Street Journal that the US should station troops in Taiwan. China is glad to see the back of him. Global Times editor Hu Xijin tweeted, “Bolton has never played a positive role on China issues either, although it won’t be the reason why he was fired. I believe people who hold extreme political stance are paranoid and difficult to get along with. The news of Bolton being fired likely drew applause in the White House.”



Just what form a trade-and-technology deal might take is far from clear. The US cannot simply let the Huawei matter drop, but it might agree to comprehensive testing and screening of Huawei products. Huawei founder Ren Zhengfei told New York Times columnist Thomas Friedman that Huawei is “open to sharing our 5G technologies and techniques with US companies so that they can build up their own 5G industry.” He added that American companies can “change the software code. In that case, the US will be assured of information security.”



In short, Huawei has offered to call the American bluff about its purported data theft and open its proprietary technology to American inspection. The intelligence community and the China hawks, in general, will not like that, and Bolton’s departure removes one hawk from a particularly important nest.



My view is that Huawei’s dominance of a game-changing technology does indeed present a threat to the United States, but that John Bolton’s weasel war dance won’t do the United States any good. If the US wants to maintain technological superiority, it has to create national champions that can best Huawei, and that requires a massive commitment of federal R&D funding. In the meantime, President Trump may have to compromise with China to avoid a recession and defeat in the 2020 elections.




Tyler Durden

Thu, 09/12/2019 - 14:57
158
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Five nabbed over conspiracy to commit a public nuisance

Five people have been arrested by the Metropolitan Police for threatening to fly drones around London’s Heathrow airport this Friday to protest climate change.…

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War On Wealth: Warren Whacks "The 2%" With More Taxes To Pay For Social Security Scheme

Beer-swilling, $430K/year teaching, culturally appropriating 2020 Democratic candidate Elizabeth Warren unveiled a plan Thursday which would bump Social Security benefits by $200 per month, while increasing payroll tax on incomes above $250,000 ($400,000 joint) by a whopping 14.8% - split evenly between employers and employees, according to Bloomberg.

Read More
 





In other words, self-employed Americans enjoying moderate success will enjoy a particularly swift kick in the nuts under a Warren administration. 



If enacted in 2020, average Social Security benefits would rise from $1,395 per month to $1,595, according to an analysis by Moody's Mark Zandi shared by Warren's campaign. The plan would also index Social Security benefits to a faster rate of inflation, while providing enhanced benefits to widows, widowers, and caregivers of children below the age of six. 





According to Zandi, Warren's plan would also kick the solvency can down the road around 20 years to 2054. 



"We need to get our priorities straight. We should be increasing Social Security benefits and asking the richest Americans to contribute their fair share to the program," wrote Warren in a Medium.com post, adding that her plan was "the biggest and most progressive increase in Social Security benefits in nearly half a century."




Warren’s proposal indicates how far Democrats have moved since 2011, when President Barack Obama offered to cut Social Security benefits as part of a “grand bargain” compromise with Republicans to reduce the deficit. It’s in keeping with Warren’s broader policy pitch to enhance the middle class safety net by taxing upper incomes.



Her policy paper comes on the day of the third Democratic debate in Houston, the first time all of the four leading contenders will be on stage together.



She follows rival Bernie Sanders, a fellow senator and rival for the Democratic nomination, who pushed for an expansion of Social Security benefits during his unsuccessful 2016 presidential campaign. Legislation by Sanders to expand Social Security has been cosponsored by 2020 contenders Kamala Harris and Cory Booker. -Bloomberg




With Warren gaining ground on former Vice President Joe Biden, we may end up watching her explain this ambitious redistribution plan while debating President Trump.




Tyler Durden

Thu, 09/12/2019 - 15:06


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Social Issues
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Labor

205
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Leftist activists ironically cause fuel-burning traffic jam amid effort to demonize 'fossil fuels.'
242
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<p>Former costars and real-life BFFs Jenna Fischer and Angela Kinsey are hosting &#x201C;Office Ladies,&#x201D; a new podcast about their beloved NBC show. </p><br /><p>What: <span style="font-weight: 400">&#xA0;&#x201C;Office Ladies,&#x201D; a new podcast described as &#x201C;the ultimate podcast for nostalgic fans of the NBC sitcom <em>The Office</em>, scheduled to debut on October 16.</span></p><p>Read Full Story</p><div class="feedflare"><br /> <br /></div>
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Gundlach: 75% Odds Of US Recession Before 2020 Election

DoubleLine CEO Jeff Gundlach sees a 75% chance of a US recession before the 2020 election



Speaking at a London event this week, the billionaire money manager reiterated his August outlook, telling the audience "We should be on recession watch before the 2020 election," adding "We’re getting closer but we’re not there yet." 





According t

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o Gundlach, an inverted yield curve is not the best indicator of a recession - "It's the inversion occurring and then going away." 



He's also neutral on gold following its latest run. 



In his June public webcast, he predicted a 45% chance of recession by the end of the year amid the US-China trade war, while in August, Gundlach said that the yield curve looks "full-on recessionary" and "a lot like 2007." 



"There's no way to sugar coat it," he told Yahoo Finance, "When you have a 40 basis point inversion, well, then that usually leads to a problem." 




Gundlach added that we will probably start seeing the yield curve steepen, but that wouldn’t necessarily be a good sign.



"That would almost seal the fate of recession coming," he said. "It's not so much the inversion — the inversion is a warning that there's one coming. But, you start to get in the imminence category once it first starts steepening out from the inversion, because, by then, the Fed has realized it's behind the curve, the market knows it too, and everybody knows the Fed's going to be slashing interest rates." -Yahoo Finance




Gundlach's forecast is roughly in line with The New York Fed:





Source: Bloomberg



Meanwhile, billionaire investor and founder of Bridgewater Associates, Ray Dalio, sees a 25% chance of recession through 2020, telling Bloomberg last week that central banks will be limited in their ability to avert it. He also loves gold, and says it could be gearing up for a big decade of returns. 





Dalio thinks there are four factors that will affect the severity of the downturn, via Business Insider




  • Effectiveness of central-bank policies




  • The wealth gap, which will affect how the next recession will look "socially, politically, and so on"




  • The 2020 elections, which he called "an issue between capitalists and socialists, or the rich and the poor"




  • The emergence of China in relation to the US



 According to Dalio, central banks worldwide "have to face the fact that when the next downturn comes there will not be the power to reverse it in the same way," and recommends that the Fed cut interest rates slowly and by small increments. 




Tyler Durden

Thu, 09/12/2019 - 14:00


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Business Finance

246
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Estonian based web security startup WebARX, the company who is also behind open-source plugin vulnerability scanner WPBullet and soon-to-be-released bug bounty platform plugbounty.com, has a big vision for a safer web.

It built a defensive core for websites which is embedded deep inside the company's DNA as even ARX in their name refers to the citadel (the core fortified area of a town or
236
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<p>If every city in California launched food composting programs like the city&#x2019;s, it would generate enough compost to pull millions more tons of carbon out of the atmosphere every year.</p><br /><p>In San Francisco, there&#x2019;s a new normal&#x2014;or rather, a new abnormal. California&#x2019;s wildfire season is causing thick choking smoke to cover our city and turn our skies orange. Last year, fires sparked an air quality emergency and our air was rated the worst in the world.</p><p>Read Full Story</p><div class="feed
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flare"><br /> <br /></div>
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Draghi Lied Again: In "Unprecedented Revolt", Europe's Top Central Bankers Dissented Over QE

To push through QE and to preserve his legacy, Mario Draghi just started the countdown on central banking.



Apparently ripping a page out of Jean-Claude Juncker's play book - "When it's serious, you have to lie" - outgoing ECB President appears to have been caught in a big fat fib.





In his gran

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d finale press conference today, Draghi unleashed QEternity (albeit with the limits we have noted), proudly proclaiming that "there was no need to vote" because there was "full agreement on the need to act" and a "significant majority" were for QE.



When pressed by a reporter, he further refused to detail who dissented - apparently signaling that it was as good as consensus as it could be.




There was more diversity of views on APP. But then, in the end, a consensus was so broad there was no need to take a vote. So the decision in the end showed a very broad consensus.



As I said, there was no need to take a vote. There was such a clear majority.”




It turns out - he lied (just as he lied to Zero Hedge when he said there was no Plan B over Greece... when there was).



Bloomberg is reporting that in an "unprecedented revolt", ECB governors representing the top European economies defied Mario Draghi’s ultimately successful bid to restart quantitative easing, according to officials with knowledge of the matter.




The unprecedented revolt took place during a fractious meeting where Bank of France Governor Francois Villeroy de Galhau joined more traditional hawks including his Dutch colleague Klaas Knot and Bundesbank President Jens Weidmann in pressing against an immediate resumption of bond purchases, the people said. They spoke on condition of anonymity, because such discussions are confidential.



Those three governors alone represent roughly half of the euro region as measured by economic output and population. Other dissenters included, but weren’t limited, to their colleagues from Austria and Estonia, as well as members on the ECB’s Executive Board including Sabine Lautenschlaeger and the markets chief, Benoit Coeure, the officials said.




Indeed, as Reuters adds, the QE motion was actually passed with a "relatively narrow majority" which explains why Draghi refused to take a vote as it would show that only Europe's B and C grade nations - such as Italy, Spain, Portugal, Estonia, Malta and Cyprus - were for a restart in debt monetization.



As Bloomberg concludes, such disagreement over a major monetary policy measure has never been seen during Draghi’s eight-year tenure.





As Bloomberg adds, "Draghi’s decision to press ahead without such key support risks leaving Lagarde with a headache when she starts in November. She will need to decide whether to persist in a policy that has divided her Governing Council, risking further acrimony."




The alternative would be to dial back the ECB’s current stimulus commitments, an approach that could provoke a market backlash.




Good luck dealing with that mutiny Christine!




Tyler Durden

Thu, 09/12/2019 - 12:06
250
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They actually did something right for a change.
200
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<p>Red walls and nightmarish dolls don&#x2019;t make for a restful night.</p><br /><p>While anyone with Potnonomicaphobia may find Airbnb&#x2019;s giant potato frightening and Ammophobes may think Booking.com&#x2019;s oversized sandcastle is a nightmare, Hotel.com&#x2019;s new Guillermo Del Toro-inspired Monster Suite is downright creepy, no phobia required.</p><p>Read Full Story</p><div class="feedflare"><br /> <br /></div>
243
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New California "Gig Economy" Law Could Crush Uber's Already Wildly Unprofitable Business Model

Uber, which posted an astounding $5 billion loss in its earnings report in August, looks like it may not be heading closer to profitability anytime soon (big surprise) - especially if California has anything to say about it.



California could be the first state set to disrupt Uber's business model "gravy train" of essentially being able to use

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drivers as employees, but classifying them as independent contractors, according to Bloomberg. It's a move that could significantly disrupt the ride-sharing company's business model and, because of that, is prompting a legal response from Uber. 



What does that rock solid legal response look like? Uber is arguing that driving isn't its core business. 



In California, lawmakers are seeking to reclassify workers that are treated as independent contractors. The move could wind up "dramatically" boosting costs for Uber and other companies built around the "gig economy". The bill, Assembly Bill 5, would require that many workers be provided a minimum wage, mileage reimbursement and workers compensation. The California senate approved the bill on Tuesday. It now goes back to the Assembly before being sent to the governor for his signature.  





The bill has the support of Governor Gavin Newsom who, along with supporters, says that it will finally provide contract workers what they are owed. Uber, and those similarly situated, say that if the bill becomes law, it may not meaningfully change their business model because there would still be questions about which workers qualify. 



Tony West, Uber’s general counsel said: 




“AB 5 doesn’t all of a sudden -- magic wand -- change everybody’s status to employee. Instead, new criteria would be used to determine whether workers are employees or contractors. Now, whether or not we win under that test in California remains to be seen.”




No it doesn't, Tony. The company would almost certainly not "win" from this type of regulation. 



Echoing our sentiments are skeptics of the company, who believe Uber may be too optimistic. The company has been able to get out of classifying independent contractors as employees by using litigation and settlements thus far. But AB 5 could pose a significant risk to the company and, even more terrifying for Uber, could also pave the way for other parts of the United States to do the same.



Jason Lohr, an employment lawyer in Uber’s hometown of San Francisco said: "Uber is 'whistling past the graveyard' if it underestimates how much AB 5 would favor drivers. If Uber balks, it will be a bonanza for personal-injury attorneys because the company will be presumed negligent when a driver is injured -- and on the hook for attorney’s fees for failing to provide coverage.”



Obviously, higher labor costs would mean significant price hikes for riders.



Tom White, an analyst at D.A. Davidson in New York said: “Some of the data we’ve seen suggests that in order for ride-sharing to be a suitable replacement for car ownership, prices have to come down, not go up. That part of the story gets eroded somewhat if Uber is forced to increase prices in a material way.”





He continued:




“The market generally anticipates there being a headline about AB 5 being signed. But I think there’s still some question as to whether that necessarily means that it’s enforced before the two sides hash something out.”




As AB 5 continued to gain support in Sacramento, Uber has argued that other industries - like hairdressers and travel agents – have been exempted from the law. There’s also a provision in the law that gives California’s attorney general or city attorneys the ability to prosecute companies and block their operations if they mis-classify employees. Uber has argued that this could result in companies being "arbitrarily targeted with lawsuits and injunctions".



Uber is prepared to go to court if the bill wins final approval. Part of its argument will be that it is a technology platform, not a transportation company. The new law states that for drivers to be considered independent contractors they must perform work "outside the usual course" of the company’s business.



With the implementation of meal delivery, Uber is going to argue that instead of being a ride hailing company, it is “connecting individuals with a work opportunity.”



Uber's general counsel hilariously argued: “When courts understand that, they realize that drivers are not involved in the usual core business of Uber -- because Uber is a technology company that operates a marketplace.”




Tyler Durden

Thu, 09/12/2019 - 11:00


Tags

Business Finance
Labor

170
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4CAN V2 is a Raspberry Pi project created by the Cisco team in order to test the security of cars



4CAN V2 | A Raspberry Pi Project To Help Find Vulnerabilities in Modern Cars on Latest Hacking News.

213
36 Views
Gold Surges After Draghi Unveils Moar Easing

It seems open-ended ECB QE was just the thing that gold-buyers were waiting for as heavy volume sent gold futures soaring this morning...





Silver is not moving so much for now...





US rates are also tumbling (dragged down by Bunds)...





Source: Bloomberg



Interestingly, pr

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ecious metals are surging alongside the dollar (as EUR fades)





Source: Bloomberg




Tyler Durden

Thu, 09/12/2019 - 08:49
169
46 Views

Any exam preparation process requires the use of the right tools to achieve success. Vmware exams are no exception. Previously,



PrepAway – An Interactive Environment for Vmware Certification Exams Preparation on Latest Hacking News.

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