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tv   Counting the Cost  Al Jazeera  December 5, 2023 4:30am-5:01am AST

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teacher is like no one human beings physical good everyone like fellow human beings of the same rights, same desires, same aspirations as we all do. so never again from that point, as you do is not a tribal slogan, but it's a slogan for universal understanding. and truly it, most people actually understood the real experience of the past and people for the last 8200 years said everybody, a different view of what's going on right now. you don't have to be empty. jewish, in fact, from my point of view, the most for julie, she can do. jewish thing you can do is to stand up against this occupation because ultimately it's not good for anybody. we understand your very much involved when it comes to children's trauma that describe how children suffer in something like this not withstanding the thousands of already been killed.
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well, the children grow up with a fair sense of fear in the world. essential lack of safety. insecurity, anxiety, children grow up with degrees children with too many ation, their parents can protect them and their parents are being humorous. so they. ready the best sense of themselves as, as insufficient and, and all kinds of mental health conditions. the gods or mental health system was overwhelmed. long before this last shadow for violence and atrocity. and so that mental health conditions like depression, anxiety, psychosis, these, all, you know, attention problems. these are all increase as a result of trauma. and that trauma scratched up from one generation to the next. and what's appeal briefly would you gave to what you would call the international
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community who are watching? what's going on right now? what would i say to the international community? is that what you're asking? indeed, i'd say, 1st of all, do the research, the logistics of what the mainstream media or the cause of mainstream media generally is lined up with the american foreign policy business to determine the rock or the mainstream media. yeah, we're talking about the weapons of mass destruction. we knew there weren't any, nobody found any, but that's what the mainstream media trumpeted down to vietnam or the mainstream media parroted the line of the state department and the vendor. and that's what the main street is doing now, and people that i want to find out what was really going on in. ready or, or in vietnam, or east timor or anywhere else,
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they had to do their own research. so 1st of all, don't just sketch information from the mainstream media. look around and find those sources. both of george and non jewish for these early a non is really a question, the mainstream matter of narrative. that's the 1st thing i would say is just get the information number one number to listen to your heart. what do you feel. ready and what are the political opinions here? what do you feel when you see this showcase of bodies being dug out of the rubble, okay. forgive me. talk to a couple of my time. we have to stop that. we've run out of time, but thank you very much indeed for joining us for the backend hoffen. now with the more coverage of people, i'm going to stay with us the limits of the world slow down. we stand for as homes with tips of global nickel
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reserves. indonesia is points to leave the global, the battery industries. we definitely manage our abundant resources and play a role in solar energy, harnessing offerings, 75 percent of global carbon credits. essential, committed to inquire mental protection, enhancing investment climate digital licensing, your better tomorrow. the hello i'm, adrian said again, and this is counting the cost. i was just a regular with the look at the world of business at economic this rate. nothing to return to israel is more on cause it has wiped out in time neighborhoods have reduced businesses to rumble. so who compensates palestinians for the destruction
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or so there's ranking shrines in germany's constitution, the circle depth breaks, a sponsor, a bunch of crisis pulls are going from borrowing limits to be relaxed. plus china and saudi arabia agree on that. first currency swap on many nations are increasingly moving away from the us dollar to settle trade. israel's relentless bump, bump it up, does that has killed and injured thousands of palestinians. the human cost is in the over a volts. the total on infrastructure is massive. put simply absolute destruction of a lack of basic requirements to sustain life and time neighborhoods, homes, schools, hospitals, churches, and most of all been targeted. whoever runs guns off of the war. and this will have to rebuild the strip and creation of functioning economy. while many palestinians who managed to see what remains of the homes during a brief lower, the tax was shocked at the scale of the damage. oh no, no,
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no. okay. long as you can see, thousands of residential units were destroyed. the same with other residential complexes in the north and where to go where to sleep. this was my house. now my family and i are homeless. many are still buried under the debris. i cannot even pick some of my clothes from under the rubble to put on my back. however, we are not leaving. we are holding our ground. even if i live in a tent, i will not abandon my homeland. because i yeah, to the, could i ask you how the, my memories that my home is blue, my memories. i would never let it go. i live for 23 years and i will stay in it. even if i knew smo prostate remains yet if in the degree that it's a bust of shocking, took me a lifetime to build this house with me and my brothers, and just like that. then i'm back to square one. and we are a family of 4 houses, made up a full floors. the ground floor was a commercial show. my brother lives with his family in the 1st floor, while the other brother on the 2nd, my family and i live on the 4th floor when i was sitting in what was once the kitchen that was the fridge and that the oven. this is the only area where we could
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set the rest as a total wreck. well, the u. n. a special russell to on the right to adequate housing of christian roger gopal has denounced as well as widespread foaming of homes at infrastructure in gaza. and a recent report, he said, carrying out how still it sees with the knowledge that they will systematically destroyed and damage civilian housing. an infrastructure rendering an entire city such as garza city uninhabitable for civilians. is a war crime. this multiple sources have reduced figures on the extent of damage to infrastructure. satellite analysis by 2 researches at the c u. n. y graduate center at oregon state university shows that they hoff of old buildings across northern garza, have been damaged or destroyed. the un says that many $45000.00 housing units have been demolished out of the strips. $36.00 hospitals, $28.00, no longer functioning. 279 educational facilities have been affected. depriving
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bolden $625000.00 students at the basic rights to education bakeries and mills in the northern parts of the strip and brought to a standstill due to the structural damage of the lack of fuel and flour. water facilitates across casa. i've also been targeted. well, the latest conflict is estimated to cost much more than any of the full previous was on guns up. the 3 week rule that began in december 2000 and agent ended in january 2009 caused destruction announcing to $2000000000.00 that's according to the world bank. from us says the 8 days of his ready attacks and 2012 cost cars at $1200000000.00. daily $6000000.00 was estimated to be the cost of rebuilding garza, after the 2014 war and the damage of economic losses. pharmacy is really attract in 2021. amounted to more than half a $1000000000.00. western countries have considered using frozen russian assets to
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rebuild ukraine. last year, poland demanded more than one trillion dollars in world war 2, reparations from germany. also in 2022, iraq completed the payment of more than $52000000000.00 and compensation for the damage cost by it's 1990 invasion of q weight. so who pays for the destruction in gaza? of how much a of joining us now is a ton of comrades. tom is the system professor in public policy and administration of the doha institute for graduate studies. good to have you. with this on the, on counseling the cost is going even going to be habitable, off of all of this, given the scale of the destruction that we've just outlined. are you? yes, there is a chance to be happy to. but if an urgent editor cover the and, and the construction plan is initiated, immediately after the end of this war. so the, some, there is a sense of course, i mean, i mean, governance of lower level. so there is no plan,
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be forgotten. and so we have to believe that it has to be happy, double, and i don't know about police like any other place in the world. i'm just depends on the national communities when to create norman can use. if the social economic conditions for guidance to stay engaged and this, and this is and by default, this is related to how with the plan and implement that construction plan which goes after this war and who, who makes those plans. how much of those plans going to cost to is the rebuilding going to cost and who pays? so just to give the view, what is the perspective like, you know, the, the 2009, the 1st to the construction, a patient, the dorms that i'm after the show each war and goes up the ledge. nearly $5000000.20 costs little patient. there was 3 point to the pledges as well. so didn't the size, the sheer size of construction. now we have literally talking about something
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similar to what's called a new motion. it's not for the, for the guys that this might exceed 50 billions plus, you know, so it's a huge amounts of money. uh, of course, but the thing is will not be if, if we live in a foot unethical awards, is there it is. have to pay because because this, this, the section on this, the visual i, i believe that this would be a compliment when it comes to this. because most of the destruction that's happening does this has private ownership and also the aids and donations that came to support the prostate solution since the beginning of also 1994. so we're talking about the costs, but there's government, tennessee's ministries, this is 7 for such a name. it's mainly nissan. don't notice money on say the say listen dollars out of dollars and international doors. but listen, daughters, especially in the utah, gives you the was one of the largest doors and i've seen in authority, followed by, i mean, the americans, japan, and then out of dollars, you know that the, the gulf countries, you know, stomach countries. um,
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so this is tax money when it comes to westland countries, this is tax money, this is backs money being wasted because it is there as actions and is that i had has no limits when it comes to this because the, the, the, the subjects or the issue of protecting a dividends, which is it's, you know, that's going to get the piece should be brought in to add to the discussion of the paper by the owners on these ladies. i mean, because there is dullness which, you know, many dollars now. the todd from seeing the money being wasted in every adoption of conflict or the secular violence in the person and an occupied by this time. so that has to be a discussion with this not. i mean, especially in the future of guys after this, what is the, what else would be very blunt about it and say, we went into this, we would of course, support the students to be covered. uh, but that has to be conditions as then. so i'm going to be 3 age special needs for these ladies. this is ready for it to be forced to pay the man who attends, who's going to force as well to pay it to the side of the israel should,
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should be paying one out. here we talk about the just the, just for the adjustment, the national system. i mean if the, if you're not have to pay for the weight as submit. exactly. and if, if, if the idea of. busy c, using c's the russian assets for both of us and us as well. so the to the 3 bits you claim, then we have a precedent that it should continue with this. we all correct, but the thing is that the nation, well, what's the comforters? mainly percent countries ready to use this on easily or not. i'm not sure to be honest, but i, if we live in a trustworthy it should happen is i should be accountable not only for the dyslexia also for human losses, all these certificates i've lost. that was they have, they have to be compensated for them. so i was going to ask you about, you talked about personal on the ship as well. a lot of the property that's been that it's been destroyed was, was personally a privately owned us. if it fits it's not your business is organizations. i mean, even if they could have gotten insurance, it engrossed, it wouldn't have paid out because this is an act of war. and that socially, people need to be compensated for the individual last, it's not just of, of,
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of property but for, for lives lost as well. yes, exactly, exactly. i mean those for just, i mean, just for you of us. so there's no, it's sort of, some of guys i mean, showed us is not the scheme that implemented them because the old governance law about sort of seemed like in other countries in the world. so these are the people, i mean, psychologically they have to suffer for the loss of their loved ones that houses the properties, the needs of income. and so, so yes we so, i mean, i mean, i mean, it's hard for me even talk about financially compensation. people have lost the loved ones. i mean, money will not bring the last ones back to life, correct? i mean, but please, that's the least don't. i should do at least to, to, to, to, to try to help them to get back to the, to the likes, the, and also, and you talked about donors putting the bill for some of the, of, of the reconstruction costs. i don't, as i'm not really going to be willing to to, to invest, to put more money in into garza, if there's a danger of this happening again so that there has to be a political solution alongside a financial. yes other,
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this is an excellent point. i mean, yes, i mean, it would be another waste of resources and energy if, if, if money comes in a flash drive, conflicts like it. now, that doesn't mean that the dentist would stop interviewing. no, i'm old and i'm all in for human, attending a to pick and now i'm to be needing to be up scale to human, to $10.00 and $8.00, which is necessity to put a license for the for which is the load name it's, i mean, so this is a must be perfectly people alone and the situation was this florida was over again . and this is a big question because we don't know everyone is spoken to about a future that age. most of us to govern guys, old guys after the war. we don't know what's going to happen. what's the political outcome of this war? meaning if how much is the is going to be empowered or not? that was the don't leave a another entity beat, the fictional collab government or a government funded by the be the, by the, for the single thought at the will. doesn't, we don't know. i mean, there are so many scenarios that the thought of being discussed but, but, but,
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but we don't know which that idea would it be the feasible one the most because of the one cause the, what is the probability of next year. so however, if we had each scenario where let's say, how much is not involved and government goes up, this would be ideally for many less than dollars. well, the fuse all have been very shy of supporting for the students because of how much control of let's see, governance, governance institutions, correct. uh, other donors back to see out of dollars, list them dollars. they don't have any conditions. they support any projects. so that's if, if, if, if, if, if i'm going to speed up building is, is damage, not what was was, but i'm getting this for some odd dollars will say i got a bill that i have no problems, even if it's something how much, what would be the most, but then you'd have $10.00. what sometimes those no, no, no. this is a little for me if i'm going to build this and it will be used by officially, by how may have supported these. those say no, this is unable for me. i will just focus on a minute then and 8, then we'll end up with the situation of like mentoring gates. and this will not go
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well for the 1st thing is because after this route and the last good of destruction, we need the systematic comprehensive reconstruction plan that really that because everything's together and it's not about just reconstructing what that been a bump or damage. it's about creating a sustainable future for gods with yeah, which means is the only met, it's the, the control measures you know, blow kids, uh, have to be also at the us. i mean, isn't a kind of typical problem over the borders and also it's controlled over to see that the construction process by delaying materials, fitting materials. but the thing beneficiaries of, of the, of a general because is that it has a payment system of knowing this, delaying the satisfaction with you. so we need to specify that this, it's about the good thing. so saying the benefits of does a lot, just that this thing, the median outcomes afford, but also creating an environment for it does have to be a normal country, a normal slip, like any other countries in the world that's destination. it's a great stokes, you will come to the cost less than any. thanks steve for being with us as
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a 1st time and somebody who's limit how much depth the government can take on the constitution caps, budget deficits of north point 35 percent of g d. p, except in an extreme emergency. the so called depth break was an accident. 2000 bind was meant to stabilize public finances. also, the global financial crisis passed a strict interpretation of the rule of the nation's top cost struck down billions of dollars in time spending, sparking a budget crisis now cools, growing to abandon the borrowing limits as don't that came reports from building the this was, this is how jim and he's financed ministry tries to explain. it shows intense uh old debt to break government's count, borrow much more than a 3rd of one percent of g d p. each year, except in extreme imagine, serious in theory, the mattress administer is, is pretty simple. live within your means, in practice it's proved anything,
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but it was bank of america is government that enshrined the debt break into law during the credit crunch. they felt it necessary to anchor something in the constitution that put a debt break on spending to show responsibility. and of course, germany has always sort of whacked the finger at other countries and the you that the over spends, you know, and broke you that rules. but not with the fingers being wacked to the government here in berlin, because when finance minister christian men tried to use and spend money borrowed to fight cove, it to finance climate change policies. the supreme court in cods, what rule that to be unconstitutional, leaving a multi $1000000000.00 holes in this year's project and causing consternation and capital markets such a german budgetary policy is a bit like satirical reality. it is important that we get back on reliable ground relatively quickly. it is unacceptable that one of the largest industrialized
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nations allows itself to pursue a budgetary policy that is constitutionally questionable the political effective, the cons who a ruling is also profound. something would have shots himself acknowledged in parliament, was 4 times shop, and this ruling creates a new reality for the federal government and for all current and future federal and state governments a reality. however, that makes it more difficult to achieve important and widely shared goals for our country. having improvise the solution for 2023 ministers and not having to account next year's budget and the remote possibility of a $220000000000.00 thoughtful, which could mean the need to slash spending. there might be some cuts for benefits for the richer people in the society that could be one way out. and that's what's um then they would also have some smaller budget cuts for the port households insurance. the one on the list says behind close those political leaders here,
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i believe the law should be made most suitable to the days realities. any politicians agree that we need a change of that clause or an integration off. this investment falls into the, into the debt break. or maybe even get rid of it and come up with something new which is more appropriate to solve the, the challenges we are facing in germany. but to do that, the coalition government will meet the help of the main opposition party in both houses of parliament. and so far, at least its leaders seems to favor new elections over new laws. dominic came to counting, the cost full in china is saudi arabia's top trading. part of the largest buy of its oil trade between the 2 nations amounted to more than $106000000000.00 in 2022 . the relationship brooklyn's last year leaders of the 2 nation assigned a comprehensive strategic partnership during a visit by the chinese leaders, fusion thing to re add the agreements with billions of dollars included
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collaboration on infrastructure projects. and technology was held by badging as an e. polk making milestone in the development of chinese, our relations. the 2 nations have recently moved to strength from financial cooperation to they've signed a local currency swap agreement with $97000000000.00, which will be valid for 3 years and could be extended several countries in the middle east signed some of the agreements with china over the past decade, including castle, the united arab emirates of egypt, aging is believed to have the largest network of currency swamps with a beast. 40 countries will come and see swaps agreements whereby central banks land and borrow each other's currencies on a specified data. then exchange the money back. as an agreed interest rates, china swamps are seen as part of it's pushed international lives, the one global center. the banks tapped a record. amounts of the chinese currency and foreign exchange swaps lines in the
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1st quarter of the year. the outstanding balance of all foreign currency swamps was more than $15000000000.00 by the end of march. that's according to the people's bank of china. the jump came off to a growing number of countries move to settle the trade with china and local currencies in a bit. to reduce that reliance on the us dollar on the greenback remains the most traded currency by far spot, its share of foreign reserves. the amounts of dollars that countries put by for a rainy day has declined to a record low of 58 percent last year. by comparison, china is one stands up less than 3 percent. the chinese currency is still behind the euro, the japanese yen. and the british pound, well joining us here in doha is while my current is the financial market strategist lead at the global multi asset brokerage group, x, that's good to have you with a set while flow. $7000000000.00 is a huge amount to the likes of you and i that even watching. but in global economy
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times it's are going to be small amount. so how significant is this currency swap arrangement between china and saudi arabia of thank you, adrian for the invite. first, actually is quite good for a start. since we know like china is looking forward to expand its presence in the region. and of course, i'll be in the economy recently. it's been performing well for the past few years since cove. and then there's a lot of plans for expansion and division for 2013. so definitely it's a good a, it's a good arrangement of going forward. as you mentioned, it's 3 years arrangement and could be even, but it, but it who is it better for you say that the saudis economy is, is on the right as china is at the moment, isn't, isn't it isn't a split up either, isn't it actually both of them would benefit a certain, a certain threshold. so for example, if we take into consideration for saudi the exports of saudi arabia towards the china, there been increasing at the base of at least 13 percent for the past years every
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year. and this has something very uh, crucial to have such a new arrangement that the other side china is looking to secure its energy supplies. and we know that china is the top import, therefore for saudis, energy. so, so this is definitely this definitely face of white enroll in order to expand this relation that started with the edited. it could expand to other sectors. there's a lot of, uh, opportunities we know the chinese economy as the 2nd in the world. they're trying to expand their trying to cover as much from cove it and of course, so the regular could find a lot of opportunities in the chinese economy while also for the vision of 2013 through the belt and the best and drove the initiative. also, china is looking for more strong partners like saudi arabia. so what are the implications of this, this, this new found the relationship between the 2 countries for the rest of us, for the rest of actually like having more of these relationships it's, it's better for the global economy because this would facilitate to trade and also would make it easier to do more investments and this,
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which creates opportunity. so of course, having such, such arrangements is good for the, for the economy. and if we see a lot of these arrangements happening, you mentioned that china has at least, and that's where equal 40 countries with these arrangements. so this is also facilitating business more and more industries. but it's a drawing and expanding that all of the tray needs to call them and the global economy. and this was in turns come back to get the opportunity. and what does this conversely swap arrangements and all those like it with china? mean for the us dollar, the greenbacks, actually a lot of a lot of parties are excited about what do you call the the literary session, what we heard about it recently a lot on the media, however, were still elizabeth flawed away from dr. for just look at some figures, so the us bother reserves around 59 percent of global preserves all central banks to the trade of funded by the fatherhood around 84 percent this year. yes, china has such a deep increment that china is doing with a lot of counterpart. these are increasing gets thrown. and the enter
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nationalization of the one, however, was still very far away from just reaching where the ball there is the moment. ok, so saudi arabia expected to join the breaks nations in, in, in early in 2024. what, what do you make of that? it's not a natural fit for saudi arabia actually is. it's a good uh, it's a good stuff because bricks are looking to, especially with the look at india and kind of, they're looking to secure their energy supplies. and this is one second, there's a lot of chances for uh, for, for these uh, parties to contribute to the perform better performance of each other. we know the since the everyone is looking to expand their, their economy, especially in post cobit and all these. we're looking at china looking at india and even with the plans, the saw, the house for vision, 2013 has made such good strategic numbers that could help and the prosperity of the kingdoms economy. do you think we could ever see savvy oil sold in it? and you want and so like like the, the chinese what we're asking for that. and you mentioned the attorneys presence
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wasn't try. and so the last year and he also, but stressed on the over, it's still not that easy. this courtesy swap agreement. this starting for non or traits. it's good in the future. turn to that, but going into that way. there's a lot of what you're political assessments, but could you ever see see the day in or is it, is it in the distance usually that will happen or the near future where buying a car and say like b one would replace the dollar as the preferred international currency of last resort. that's going to happen, but not the foreseeable future if it takes years and tickets for what, according to the place, the dollar, because the flow for many factors. however, yes, after the crisis that we've seen and you'd have a lot of countries are looking to reduce that alliance and dependency on, do you spell it? and then based initiatives that are part of this unwinding of the dependency into the lines. however, just going into it could come and see if that would replace the boulder at the moment and the foreseeable future. it's
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a bit toward while it's been really good to talk to you, what kind of the cost staying here. i think i understood all of that as well. so thanks for explaining it so well to some of the financial aid. pleasure. thank you . and that's our show for this week. get in touch with us. if you want to comment on anything that you've seen, you can tweak me on x on a so they can try to use the hash tag h a c t c. when you do or you control is a line counting the costs, and i'll just do it on that is our email address. as always as possible for you online at alger 0 dot com slash ctc, that takes you straight to our page. and then you'll find individual reports links, i didn't time episodes for you to capture. that's it for this edition account to the cost i made right. instead of going to go home from the whole team here. thanks for being with us. the news on al jazeera, this next an unsettled top upfront takes on the big issue. there is
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a context to what is happening now. it is a call thanks. 3 question. question about 5. upfront without 0, the heavy is ready on 5 minutes. hits causes come out as one hospital in the north, west, thousands of families of sheltering strikes the okay johnston. this is alton sarah, lot from the whole. so on the president, dozens killed by. it's very strikes and a school in kansas city. the world health organization. as israel has told it to remove its medical supply.

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