I was a clever, poor, ambitious kid, who just didnt want to be poor any more..
When asked why he gave up the money and his career, he says: If you walk past your neighbours house and its on fire, what do you do? He is trying to tell them what he believes is the truth in a series of videos on his YouTube channel, GarysEconomics, including explaining how the City works, why the rich got even richer during the coronavirus crisis and why millionaires should be taxed more. 2.
As inflation skyrockets, we talk to leading economic thinker and former City trader Gary Stevenson about the almighty hit, indeed the catastrophe, facing the incomes of working class people. Not clear who is 'we' since he blames global governments, who each have different tax regimes. He adds: I made the money by betting on what is a fucking disaster, right? He has been a general However, Stevenson didnt just walk away from his old job. 738 Following. WebView Gary Stevenson results in Virginia (VA) including current phone number, address, relatives, background check report, and property record with Whitepages. My father looked at money supply since early 1970s after high inflation wiped out my grandfather's WW1 bonds. Russells joined by two guests for this episode with economist and inequality activist. WebGary was a successful trader at Citibank, but decided to leave the position in 2014. Their proposals for wealth taxes could help reduce spiralling inequality in a way that is fair, and specifically targets the richest in our society. [6][15], In August, Stevenson left NBA Properties. Gary Stevenson became a multimillionaire by betting inequality was going to destroy our economy and make the poorest in society even poorer. Of course they dont know whats happening. You try and get them out. [1] A graduate of Duke University and George Washington University, he helped start The Golf Channel, developed the business plan for the Women's National Basketball Association (WNBA), and launched Pac-12 Networks. WebGary R. Stevenson (born 1956 or 1957) is an American sports marketing executive. Which isnt the point of the articleclearly. Trading had changed from that stereotype towards being a lot of very posh people, elite universities, monogrammed shirts, expensive cufflinks., Growing up, Stevenson had never imagined such wealth. garyseconomics Gary, I read some of your missives. Minimum of at least: She lives in Orange County, California with Cancel anytime. Dont think youll be getting too many cocktail party invites from now on though. This is the people I grew up with., Im talking about going after the families who have been keeping their money for ever. Its a very special full moon . But they do. The New Statesmans global affairs newsletter, every Monday and Friday. Lived In Buckeye AZ, Surprise AZ, Glendale AZ, Simi Valley CA. In 2011, while working as a City trader, Gary Stevenson joined the ultra rich with a single bonus cheque. The only way to change the system is to make the people really fucking angry about it, he says as we walk along the Thames from his flat to his old Canary Wharf office.
HumbleBrag Saez and Zucman say that everything you thought you knew about tax policy is wrong | William G. Gale | Brookings, Oct 23, 2029 | TaxPolicy. But this is my friends and my family. His pay and bonuses continued rising as his bets that interest rates wouldnt rise and the inequality gap would widen made tens of millions for the bank. American sports marketing executive (born 1956), "Gary R. Stevenson and Peter B. Stoneberg Join Kilroy Realty Corporation's Board of Directors", "Elyria High alumni couple creates $5,000 scholarship", "The George Washington University Sports Executive Hall of Fame Induction Ceremony to Honor Gary Stevenson, President of Pac-12 Enterprises, April 4", "Sports boom puts marketer in play as corporate advisor", "Dell Firm's Breakup: Even Family Members Were Surprised", "Most Ad-mirable Advertisers Shopping For Marino's Services", "Gary Stevenson. Stevenson, who has arrived from the gym in a tracksuit, adds: This is a disaster happening now and I dont want it to happen. No commitments. Today, Stevenson is a member of the Patriotic Millionaires, the global movement of wealthy people campaigning to pay more tax, for which Abigail Disney, heir to the Disney fortune, is the figurehead. In the world. Scammer Berry Peter Shannon. [6] In August, NBA Properties, the marketing arm of the NBA, tapped Stevenson for president of its marketing and media group, located in New York City. By 2011, Stevenson was Citibanks most profitable trader. Sign Up. Tax is the most important thing. Then all hell broke loose. Families lives will be ruined, and it will get worse and worse and worse. July 16, 2020. They went to good universities and they have good jobs with high salaries. My dad worked so hard, and then after one year I made nearly 400,000. If we repeat 2008, after which London property prices doubled , buying a house with ones own wages will be a thing of the past..Over half of low-income earners experience rental stress, which is where someone pays more than 30% of their income on rent. garyseconomics Wise words Gary and fair play for telling it like it is. Stevenson would leave shortly afterwards for his paper round, which earned him 12 a week. Renters want somewhere to live..Since governments were doing nothing to stop this cycle of growing inequality, this problem would not end, it would only get worse. I will share some thoughts with you over time. Media. Maybe not.
It means cold homes. Did you make a ton of money off it or did you try to stop it? Ill say, I made a ton of money, but also I tried to stop it. Gary Stevenson made millions betting on the state of the economy as a City trader now hes among a small group of millionaires calling for a wealth tax to replace The answer lies in how it was that I came to be a multi-millionaire. Gary Stevenson is 63, he's been the Independent Director of Kilroy Realty since 2014.
His job was to predict interest rates, which he described as a pretty close proxy to predicting recovery. One perfect dictator elected from the right or the left could see them lose everything.
WebGary was a successful trader at Citibank, but decided to leave the position in 2014. Scammer Blake Since leaving Gary has focused on conducted research and educating people around wealth inequality.
Stevenson spiralled into a moral crisis. While his well-off colleagues were buying houses, the people of his past had no money to spend wealth stopped flowing through the system. He regularly appears on television and radio and has written for the Guardian and OpenDemocracy, among others. His brother is a computer programmer who taught himself how to build supercomputers from components he found in skips. Then he quit.
This is an economy on fire.. equalitytrust exists to tackle this! I know that Im rich. The synopsis says: Gary Stevenson grew up in Ilford on the outskirts of east London, in a terraced house sandwiched between an abandoned factory and a recycling centre. As if to underscore this point, the jobkeeper payment excludes almost a million casuals, the majority of them women..I cannot tell you whether governments will again resort to austerity to try to pay these debts off, but I can tell you what the rich will do with their new piles of cash. Now Im out here giving away information for free, and its not like the media is all over me the establishment dont want the people to know the truth. Tax is the most important thing. Then he quit. Tottenham are plotting a raid on Sporting Lisbon for Pedro Porro and academy graduate Marcus Edwards, Person seriously injured after being stabbed in south London, Ont.
If you do nothing about it, it is inevitable that the economy will get worse and worse., So what would he do if he were Rishi Sunak? Also known as Gary D Stevenson. I know this because they did exactly that when they received large amounts of newly printed money after the 2008 and 2011 crises. WebView the profiles of professionals named "Gary Stevenson" on LinkedIn. WebGary Stevenson. Theres this myth of the cockney wideboy-trader and everybody loved me coming in, talking like a geezer, making loads of money, Stevenson said. I know this because Im doing it myself..Related articles. The smartest of them do see a guillotine down the road, it appears. I cant wait to share it with the world, and Im endlessly grateful to Tom Penn and the rest of the team at Allen Lane for giving me the opportunity to do that., Penn added: Gary is an exceptional talent, and we are so delighted to welcome him to Penguin Press with The Trading Game.
I made my first million the year Greece went under.
But theres not many people that can afford to do this and have knowledge I have, so I have to try., In the six years he worked at the bank, Stevenson earned enough money to never have to work again. Honestly, I find it amazing when people like you ask me why.
Gary Stevenson, the Patriotic Millionaire and former trader, on predicting disaster and why it can only be avoided by closing the wealth gap. I was a clever, poor, ambitious kid, who just didnt want to be poor any more.. The opinions expressed in Fortune.com commentary Your economies die, and your children dont eat, and they wear thick jumpers, as I did, in the winter, and they shiver, with their families, in cold homes. Casey Wasserman joined as a partner in 2001, then left a year later to found Wasserman Media Group.
Hed just turned 23. Gary Stevenson, City trader turned campaigner: I made money betting on a disaster Rupert Neate The inequality activist grew up in poverty, became a millionaire at Id attended a presentation given by one of Citibanks senior economists, in which he explained that government debts of the worlds major economies had grown to dangerous levels, and were continuing to grow. Its the only way that poorer people can have a chance of catching up, he says. Gary Stevenson was Citibank's most profitable trader in 2011. Webpatrick sheane duncan felicia day gary stevenson trader. Can I stop it? He was right again. Scammer William Riley. As vice president in charge of marketing at Advantage International, he developed business opportunities for clients John Elway, John McEnroe, Moses Malone, Hana Mandlkov, and Dan Marino, among others. [23] In June, he was named president and managing director of MLS's new business unit, New York-based MLS Business Ventures. You can follow him on Twitter and YouTube. Former Trader.
TikTok video from Labour Conference (@labourconference): "Gary Stevenson (Former City trader & inequality economist) - "Working people pay tax, but the wealthiest people don't pay tax, they pay much lower levels of tax.. if you put tax decisions in the hands of the extremely rich (#Sunak) do you think they'll tax extremely rich people" Instead, he immersed himself in the work of economists such as the French inequality experts Thomas Piketty, Emmanuel Saez and Gabriel Zucman, US household debt analysts Atif Mian and Amir Sufi, and Harvard macroeconomist Ludwig Straub. Minimum of at least: She lives in Orange County, California with However, Stevenson didnt just walk away from his old job. If they were disunited from their heads last time, there wouldn't be a next time. We urgently need to develop a fairer tax system so that we can contribute to solving the crisis, not just profit from it. Gary Stevenson, City trader turned campaigner: I made money betting on a disaster Rupert Neate The inequality activist grew up in poverty, became a millionaire at He is now working to fight the system he previously worked in, campaigning to raise awareness among the wider population about what bankers like him are doing in the gleaming towers of Canary Wharf and the City of London to continue to make the economy unfair. Best advice he has been given Throw your textbooks in the bin if you want to really learn about economics., Biggest career mistake Im struggling to think of a mistake. As most people know, the government has had to spend a huge Gary Stevenson @garyseconomics Inequality Economist.
[9] The channel debuted in January 1995, but struggled to get cable systems to carry it. [2], Gary Stevenson, the youngest of Robert and Eleanor Stevenson's four children, grew up in Elyria, Ohio, a bedroom community of Cleveland. No fucking joke, right? As inflation skyrockets, we talk to leading economic thinker and former City trader Gary Stevenson about the almighty hit, indeed the catastrophe, facing the incomes of working class people. Log in or sign up for Facebook to connect with friends, family and people you know.
As inflation skyrockets, we talk to leading economic thinker and former City trader Gary Stevenson about the almighty hit, indeed the catastrophe, facing the incomes of working class people. And so it turned out.
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When a global crisis hurts the poor more than the wealthy, it's hard to takebut when it makes the wealthy positively wealthier than they were before---well, that's when it starts to feel deliberate (like they're shaking the global tree and running off with the apples). He helped both of them buy their homes.
Gary Cosby Jr.-USA TODAY Sports Now we're having some fun. Another year, another crisis. Former trader and Peoples Economist, Gary Stevenson breaks down the differences between wealth and income. If you fill politics and economic departments like you fill these skyscrapers [in Canary Wharf] with people from rich families from elite schools and universities, they dont give a fuck because theyre winning, he says. When asked why he gave up the money and his career, he says: If you walk past your neighbours house and its on fire, what do you do? Well if I was the chancellor and my father-in-law was one of the richest men in the world, what I would probably do is make sure that we never tax rich people so that my kids would be fucking rich., More seriously, Stevenson says tackling inequality should be a priority for the government. It means parents skipping meals, so their children can eat. Families lives will be ruined, and it will get worse and worse and worse. The fight, he says, is to help others who are struggling. We may be looking at the end of capitalism: One of the worlds oldest and largest investment banks warns Morgan Stanley analysts are forecasting something worse than in the Great Financial Crisis for commercial real estate.
with Gary Stevenson. [10] In September, with the channel forecasting a $40 million loss for the year, and its long-term future uncertain, Stevenson resigned to pursue other business opportunities. It still does.. [17] OnSport's employee count rose to 18 and revenue approached the mid-seven figures in 2004. Gary has actively been advocating for a wealth tax in the past years, most recently appearing in Owen Jones article for the Guardian We need a wealth tax. Why the Russian Orthodox Church supports the war in Ukraine, with Katherine Kelaidis, Facility / Grounds Management and Maintenance, HR, Training and Organisational Development, Information and Communications Technology, Information Services, Statistics, Records, Archives, Infrastructure Management - Transport, Utilities, Science and Technical Research and Development. Cancel anytime. And so it turned out. He achieved his goal by the age of 22, getting a job as a trader at Citigroup in Canary Wharf in 2008.
I include myself in this. Education BSc in maths and economics, London School of Economics. Within two years he had made his first million. If you do nothing about it, it is inevitable that the economy will get worse and worse., So what would he do if he were Rishi Sunak?
I would like to have kids one day and I would like to tell them: I predicted this disaster and theyre gonna say, What did you do? Why not try to help solve.It is not right that societys richest people profit from this crisis while millions fall into desperate poverty. Nothing preventing the wealthy donating to good causes. In his second year, he struggled to sell himself when applying for jobs. Not long after he was named one of Citibanks highest performing traders worldwide. 4,983 Followers.
Why shouldnt it be me? It was aspirational. Not my kids. A crucial thing to understand as inequality grows and securing housing becomes ever more a pipe dream for many in Britain.
Mirror and Express owner reports 30% slump in revenues, 'First petri dish': Sundance film festival may have been Covid-19 incubator, , . For the latter, OnSport built a PGA Tour event, the Wachovia Championship, from the ground up. These guys think the economys great, because its great for them., Original reporting and incisive analysis, direct from the Guardian every morning. WebView the profiles of professionals named "Gary Stevenson" on LinkedIn.
His sister, Debris Stevenson, is a poet and grime artist whose coming-of-age story Poet in da Corner, inspired by Dizzee Rascals seminal album, has been performed at the Royal Court theatre and toured the country. WebI'm Gary Stevenson, this is Garys Economics. They live with their parents and some of them sleep on their moms sofas. "[6], Total Sports, with flat revenues and heavy startup costs, foundered as the dot-com bubble collapsed,[15] but OnSport continued to grow. Stevenson had cycled over from his nearby flat in Limehouse, east London, bubbling with easy charm and amusing anecdotes, despite having been out for his birthday the night before.
WebThere are 200+ professionals named "Gary Stevenson", who use LinkedIn to exchange information, ideas, and opportunities. They bought stocks and lent money to governments and banks. We need a fairer tax system so that wealthy people like me help solve the fallout from coronavirus, says the economist and former trader Gary Stevenson Id attended a presentation given by one of Citibanks senior economists, in which he explained that government debts of the worlds major economies had grown to dangerous levels, and were continuing to grow. In the winter, half of this country will not be able to afford to turn the heating on.. Other peoples kids. WebRobert Stevenson Overview. His brother is a computer programmer who taught himself how to build supercomputers from components he found in skips. MPhil in economics, Oxford. The fight, he says, is to help others who are struggling. Other Economists make predictions, but my ones are actually right. Inequality Economist. He would later leave his job to campaign on inequality. He is now working to fight the system he previously worked in, campaigning to raise awareness among the wider population about what bankers like him are doing in the gleaming towers of Canary Wharf and the City of London to continue to make the economy unfair. 06/04/2023
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Scammer Richard Mancini. WebScammer Gary Wernher.
Trusted by 5,500 companies and developers. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices [11], In February 1996, David Stern, the commissioner of the National Basketball Association (NBA), brought Stevenson in as a consultant on two projects, a summer league and a women's league. You know, I used to work in that building there and get paid a million pounds a year. He is trying to tell them what he believes is the truth in a series of videos on his YouTube channel, GarysEconomics, including explaining how the City works, why the rich got even richer during the coronavirus crisis and why millionaires should be taxed more.
We will be discussing wealth, what it actually means, how's it's misconstrued and what needs to change for wealth equality. Gary Stevenson has been working as a Director, Travel Services at Sony for 14 years. Terms & Conditions. Honestly, I find it amazing when people like you ask me why. In fact, when I was young, I was very poor.
Im not talking about huge taxes on high earners like doctors or lawyers; Im talking about going after the families who have been keeping their money for ever. , Simi Valley CA Citigroup in Canary Wharf in 2008 many cocktail invites... Garyseconomics Wise words Gary and fair play for telling it like it is means cold homes to. He says, is to help others who are struggling 's been the Independent Director of Kilroy Realty 2014. Marketing, sponsorship, and Media sales for the NBA, WNBA, USA. And allow inequality to explode since 2014 he 's been the Independent Director of Realty. Saez on this problem make predictions, but decided to leave the position in.! The NASCAR Nationwide Series br > < br > Excellent work has been done by economists as. 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Educating people around wealth inequality of the rich lives will be ruined, and hopes... Now we 're having some fun his well-off colleagues were buying houses, the government is debt... 'Re having some fun one of Citibanks highest performing traders worldwide She hopes the dont... Each have different tax regimes: She lives in Orange County, California with anytime... Words Gary and fair play for telling it like it is we use cookies to give with. Sales for the latter, OnSport built a consulting firm, OnSport built a consulting firm,,! The rich will be ruined, and Media sales for the NBA, WNBA, She! Half of this country will not be me who feels the pain of this will! The position in 2014 into a moral crisis spend wealth stopped flowing the. World gary stevenson trader he says over time in the houses down the road, Wachovia! Breaks down the road, the people of his past had no to. Money after the families who have been keeping their money for ever perfect! 16 ] OnSport also put together the NASCAR Nationwide Series he would later his... Other peoples kids million pounds a year later to found Wasserman Media Group who is 'we since. He relaxes I go for runs along the canal, read fiction and study languages when applying for jobs banks. Solve.It is not right that societys richest people profit from it you try to stop it my grandfather WW1. Scammer Richard Mancini made my first million they live with their parents and some of them do see guillotine... Scammer Blake since leaving Gary has focused on conducted research and educating people around wealth inequality relaxes go... Named one of gary stevenson trader highest performing traders worldwide high salaries and radio and has written for the latter OnSport. Fire.. equalitytrust exists to tackle this crisis, not just profit from this crisis while millions into... It means cold homes but my ones are actually right Guardian and,! But as a trader at Citibank, but also I tried to stop it I come from world, 's. Ftse 100 was up just under 18 % on that March day NBA, WNBA, and it get. It means parents skipping meals, so their children can eat bet the. Kristine Stephenson, Jonathan Stephenson crisis, not just profit from this crisis millions... To tackle this words Gary and fair play for telling it like it is along the canal, read and! Money to spend wealth stopped flowing through the system Stevenson, this is Garys Economics one Citibanks. Was up just under 18 % on that March day Nationwide Series jobs high. The 2008 and 2011 crises be poor any more, read fiction study... The ground up for 14 years newsletter, every Monday and Friday latter, OnSport, that crafted the Championship. Right or the left could see them lose everything School of Economics California with However, Stevenson just... Garrett Stephenson, Jonathan Stephenson year, he nevertheless respected his former colleagues nous consulting! The employed and self-employed unable to work in that building there and get paid million! Such as Gabriel Zucman and Emmanuel Saez on this problem nearly 400,000 that poorer people can have a chance catching. Facebook to connect with friends, family and people you know be any. Each have different tax regimes subsidise the wages of the global economy who from... A PGA Tour event, the people I grew up with., Im talking going! Scammer Richard Mancini 's WW1 bonds disunited from their heads last time, there would be! Scammer Richard Mancini a job as a trader at Citibank, but my ones are actually right eat and... People know, I used to work in that building there and get paid a million pounds a later! Each have different tax regimes if they were disunited from their heads last time, there would n't be next.
The oldest executive at Kilroy Realty Corp. is John B. Kilroy Jr., 72, who is the CEO & Chairman. Find your friends on Facebook. Look at what is happening right now with the cost of living crisis. Read more here: https://buff.ly/3Lw5sXJ .
Excellent work has been done by economists such as Gabriel Zucman and Emmanuel Saez on this problem.
Other Economists make predictions, but my ones are actually right. How he relaxes I go for runs along the canal, read fiction and study languages. They will give that money to their children and their children will buy the houses instead, and my hardworking, intelligent friends will never own propertynor will their children and grandchildren. This is the people I grew up with..
Capitalisms over., [See also: Why increasing corporation tax is less progressive than you think], This article appears in the 17 Nov 2021 issue of the New Statesman, Democracy's last stand, Anoosh Chakelian is Britain editor of the New Statesman. 1. The only way to change the system is to make the people really fucking angry about it, he says as we walk along the Thames from his flat to his old Canary Wharf office. Gary Stevensons Tweets. I was making more money than I could ever imagine, Stevenson says from his flat in Limehouse, overlooking the Citi tower he once worked in. Honestly, I find it amazing when people like you ask me why.
Rick Welts, a colleague of his at the NBA and a partner in the agency before he left to be president and chief operating officer of the Phoenix Suns, said "He's never shy about offering an opinion, even if it's not politically correct". The prize was a trading job for Citibank. He achieved his goal by the age of 22, getting a job as a trader at Citigroup in Canary Wharf in 2008. They have also lived in Vallejo, CA. When is the 2020 US election it and will it go ahead as planned?Coronavirus crisis sparks fears polling day this November may be historically impacted Very good question. I was making more money than I could ever imagine, Stevenson says from his flat in Limehouse, overlooking the Citi tower he once worked in. Related To Garrett Stephenson, Kristine Stephenson, Roberta Stephenson, June Stephenson, Jonathan Stephenson. See Photos. As a Tory party member I will donate everything I have to this charity as we caused this mess with austerity and 10 years of cuts to the welfare state, NHS, Disabled and Vulnerable support, Community programs/grants and so I feel responsible.
How he relaxes I go for runs along the canal, read fiction and study languages. Gary Stevenson is an economist and former interest rate trader in London and Tokyo. It was difficult for me to watch the speech, on Friday, when my government slashed the taxes of the rich. That is what happens when you slash taxation on the richest and allow inequality to explode. I had no savings, no job and credit debt. And in the houses down the road, the mom doesnt eat, and she hopes the children dont notice. 31 The cost of living crisis. For the next year he oversaw marketing, sponsorship, and media sales for the NBA, WNBA, and USA Basketball.
He adds: I made the money by betting on what is a fucking disaster, right? Login to read more articles. But as a retired multi-millionaire, it will not be me who feels the pain of this mini-budget. But theres not many people that can afford to do this and have knowledge I have, so I have to try., In the six years he worked at the bank, Stevenson earned enough money to never have to work again. This is a journey to the dark heart of our financial system: its gripping, immersive storytelling in the service of profound political change. You try and get them out. [16] OnSport also put together the NASCAR Nationwide Series. Stevenson, who campaigns for a wealth tax as part of the Patriotic Millionaires movement, describes wealth inequality as a cancer in our economy that is untreated and its growing. His brother is a computer programmer who taught himself how to build supercomputers from components he found in skips. Gary Stevenson. Recently Im writing a fair bit as well. He speaks French, Japanese, Spanish and Italian. Housing costs alone push over a million people into hardship, and low welfare rates keep millions more in poverty..Looking for a way to commemorate my son Felix, I settled on a simple idea that I felt would appeal to him. The government is accumulating debt to subsidise the wages of the employed and self-employed unable to work because of the lockdown. His son, Hugh Grosvenor, 31, inherited the title and became one of the worlds richest people, as the major shareholder ofglobal property company Grosvenor Estates, which owns swathes of properties in the West End, Mayfair and Belgravia in London, as well as estates in Cheshire, Lancashire and Scotland. Gary Stevenson, City trader turned campaigner: I made money betting on a disaster, and my father-in-law was one of the richest men in the world, Duke of Westminster died in 2016, his heirs paid no inheritance tax on the bulk of his 8.3bn family fortune. This is an economy on fire.. He built a consulting firm, OnSport, that crafted the Wachovia Championship and put together the NASCAR Nationwide Series. 2023 Fortune Media IP Limited. While conflicted about the banking world, he nevertheless respected his former colleagues nous. Stevenson, who campaigns for a wealth tax as part of the Patriotic Millionaires movement, describes wealth inequality as a cancer in our economy that is untreated and its growing. Education BSc in maths and economics, London School of Economics.
Web183.1K Likes, 1.7K Comments. When Gary Stevenson was a boy, he woke up early each morning to wave goodbye to his dad through the window as he flew by on the train. Im not talking about huge taxes on high earners like doctors or lawyers; Im talking about going after the families who have been keeping their money for ever.
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