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Thursday, August 2, 2012 12:01 AM PDT

Today's Reuters News Headlines - Yahoo! News: Congress approves new Iran sanctions on oil, shipping sectors U.S. raises pressure for euro zone crisis action Analysis: Glazers may make a killing on Man Utd investment Canada's Enbridge says has repaired oil line after leak U.S. to mull more bombers, submarines for Pacific Obama authorized secret support for Syrian rebels Toyota recalls 760,000 RAV4s in U.S. Fed says economy may need help, keeps policy on hold Obama ahead in three key states, poll shows Syria's Assad praises troops, keeps out of public eye Romney tax plan helps rich, hurts middle class: study San Antonio airport terminals reopened after bomb threat U.S. raises pressure for euro zone crisis action Toyota recalls 760,000 RAV4s Exclusive: Obama authorizes secret U.S. support for Syrian rebels Global factories struggle as growth fears rise Princeton scores straight A's as top U.S. college in new ranking Judge in George Zimmerman's Florida trial will not step down U.S. auto sales remain soft in July July bloodiest month in Iraq in 2 years Romney stumbles on world stage but will it hit him at home? Analysis: Scientists go beyond the polls to forecast U.S. election July factory growth slowest in almost three years: Markit Russia's Putin says NATO should stay in Afghanistan Analysis: No happy outcome in Syria as conflict turns into proxy war Iconoclastic American author Gore Vidal dead at 86 Bulgaria makes image of suicide bomber's face "Fast and Furious" gun case doomed by reckless strategy: report Macau government probes Sands over document transfer to U.S. Regulator says no to Obama mortgage write-down plan Romney stumbles on world stage but will it hit him at home? Al Qaeda decline hard to reverse after Bin Laden killing: U.S. Baghdad bombs kill 19, police battle suicide attackers Syrian aircraft strike Aleppo, rebels claim successes White House prepping for budget cuts, to shield military pay India power cut hits millions, among world's worst outages Facebook sinks to record low as doubts grow Apple, Samsung launch salvos as smartphone trial heats up Rising home prices show traction in housing recovery Apple, Samsung launch salvos as smartphone trial heats up Congress approves new Iran sanctions on oil, shipping sectors Wed,1 Aug 2012 05:40 PM PDT Reuters - WASHINGTON (Reuters) - The Congress overwhelmingly passed a new package of sanctions against Iran on Wednesday that aims to punish banks, insurance companies and shippers that help Tehran sell its oil. The legislation, agreed to by senior lawmakers of both parties, "seeks to tighten the chokehold on the regime beyond anything that has been done before," said Republican Representative Ileana Ros-Lehtinen, chair of the House Foreign Affairs Committee. The bill now heads to the White House for President Barack Obama's signature. ... Full Story Top U.S. raises pressure for euro zone crisis action Wed,1 Aug 2012 06:38 PM PDT Reuters - FRANKFURT/BERLIN (Reuters) - The United States raised the pressure on euro zone leaders to take decisive action on solving the region's debt crisis, notably by lowering troubled members' borrowing costs, on the eve of a crucial European Central Bank meeting. President Barack Obama said he welcomed recent declarations by European leaders and the ECB on the need to do whatever is necessary to preserve the euro. U.S. ... Full Story Top Analysis: Glazers may make a killing on Man Utd investment Wed,1 Aug 2012 10:05 PM PDT Reuters - (Reuters) - Manchester United Ltd's owners stand to make about three times their investment in the British soccer club if it successfully goes public. The club, one of the most popular in the world, has kicked off the marketing for its U.S. initial public offering, which will value the club at $3.3 billion if the sale is at the high end of the pricing range of $16-to-$20 per share. The owners, the Glazer family, bought the team for 790 million pounds ($1.2 billion) in 2005 in a leveraged buyout. ... Full Story Top Canada's Enbridge says has repaired oil line after leak Wed,1 Aug 2012 08:42 PM PDT Reuters - (Reuters) - Enbridge Inc said on Wednesday that it had completed repairs on a ruptured pipeline from Canada that has been shut for five days following an oil leak in rural Wisconsin. The leak was not particularly large, but it comes at a sensitive time for the Canadian firm, which has suffered a series of leaks in recent years and is embarking on a massive expansion program. Enbridge said earlier in the day that it submitted a plan to U.S. regulators seeking permission to restart the pipeline, though it was unclear how long it would take to get approval. ... Full Story Top U.S. to mull more bombers, submarines for Pacific Wed,1 Aug 2012 04:24 PM PDT Reuters - WASHINGTON (Reuters) - Pentagon planners will consider adding bombers and attack submarines as part of a growing U.S. focus on security challenges in the Asia-Pacific, a senior Defense Department official said on Wednesday. "We will take another look" at sending more such muscle to the strategic hub of Guam in the western Pacific, now that this has been recommended by an independent review of U.S. regional military plans, Robert Scher, deputy assistant secretary of defense for plans, told lawmakers. U.S. ... Full Story Top Obama authorized secret support for Syrian rebels Wed,1 Aug 2012 06:04 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama has signed a secret order authorizing U.S. support for rebels seeking to depose Syrian President Bashar al-Assad and his government, sources familiar with the matter said. Obama's order, approved earlier this year and known as an intelligence "finding," broadly permits the CIA and other U.S. agencies to provide support that could help the rebels oust Assad. This and other developments signal a shift toward growing, albeit still circumscribed, support for Assad's armed opponents - a shift that intensified following last month's failure of the U.N. ... Full Story Top Toyota recalls 760,000 RAV4s in U.S. Wed,1 Aug 2012 08:06 PM PDT Reuters - (Reuters) - Toyota Motor Corp said on Wednesday it is recalling about 760,000 RAV4 utility vehicles and 18,000 Lexus HS 250h hybrid cars in the United States to correct problems in their rear suspension that could arise when taken in for maintenance. The RAV4 cars were made from model years 2006 through 2011, while only 2010 models of the HS 250h were affected. Toyota said that if nuts on the rear suspension arm are not tightened properly during a rear wheel alignment service, rust could form, leading to wear and possibly cause the arm to separate. ... Full Story Top Fed says economy may need help, keeps policy on hold Wed,1 Aug 2012 01:07 PM PDT Reuters - WASHINGTON (Reuters) - The Federal Reserve stopped short of offering new monetary stimulus on Wednesday even as it signaled more strongly that further bond buying could be in store to help a economic recovery that it said had lost momentum this year. Fed officials described the economy as having "decelerated somewhat," a change of tone from its previous assessment in June when it said the economy had been "expanding moderately." The Fed's policymakers also reiterated their disappointment with the slow pace of progress in bringing down the nation's 8.2 percent jobless rate. ... Full Story Top Obama ahead in three key states, poll shows Wed,1 Aug 2012 12:41 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama has the edge over Mitt Romney in three key battleground states in large part because voters find him more likable than the Republican challenger, a poll released on Wednesday found. Quinnipiac University's survey of more than 3,500 likely voters in the November 6 U.S. election found Obama ahead by 11 percentage points in Pennsylvania (53 to 42 percent), and 6 percentage points in both Ohio (50 to 44 percent) and Florida (51 to 45 percent). Obama won all three states in the 2008 presidential election. ... Full Story Top Syria's Assad praises troops, keeps out of public eye Wed,1 Aug 2012 01:09 PM PDT Reuters - ALEPPO, Syria (Reuters) - President Bashar al-Assad told his troops on Wednesday that their battle against rebels would decide Syria's fate, but his written message gave no clues to his whereabouts two weeks after a bomb attack on his inner circle. In Aleppo, rebel fighters seized three police stations while fighting the army for control of a strategically important district. Explosions could be heard and helicopter gunships cruised the skies as troops tried to push the rebels out of the northern city and preserve one of Assad's main centers of power. ... Full Story Top Romney tax plan helps rich, hurts middle class: study Wed,1 Aug 2012 12:26 PM PDT Reuters - WASHINGTON (Reuters) - Republican U.S. presidential challenger Mitt Romney's proposal to slash income taxes by 20 percent across the board would boost income for the wealthiest taxpayers while reducing it for the middle class, according to a nonpartisan analysis released on Wednesday. The report by the centrist Tax Policy Center found that Romney's tax cuts would boost after-tax income by an average of 4.1 percent for those earning more than $1 million a year, while reducing by an average of 1.2 percent the after-tax income of individuals earning less than $200,000. ... Full Story Top San Antonio airport terminals reopened after bomb threat Wed,1 Aug 2012 03:26 PM PDT Reuters - SAN ANTONIO (Reuters) - The San Antonio International Airport was evacuated for about 90 minutes on Wednesday after a caller said three bombs were planted in a parking garage, but police did not find anything dangerous. "We have cleared all sections of the parking garage," San Antonio Police spokesman Sergeant Javier Salazar said. Police were on the scene investigating. The terminals were reopened around 4 p.m. local time. But airport officials said they believed it would take several hours for the flights to resume as scheduled because evacuated passengers have to go back through security. ... Full Story Top U.S. raises pressure for euro zone crisis action Wed,1 Aug 2012 04:05 PM PDT Reuters - FRANKFURT/BERLIN (Reuters) - The United States raised the pressure on euro zone leaders to take decisive action on solving the region's debt crisis, notably by lowering troubled members' borrowing costs, on the eve of a crucial European Central Bank meeting. President Barack Obama said he welcomed recent declarations by European leaders and the ECB on the need to do whatever is necessary to preserve the euro. U.S. ... Full Story Top Toyota recalls 760,000 RAV4s Wed,1 Aug 2012 02:52 PM PDT Reuters - (Reuters) - Toyota Motor Corp said on Wednesday it is recalling about 760,000 Toyota RAV4 utility vehicles and 18,000 Lexus HS 250h hybrid vehicles in the United States to correct a defect in rear suspension. The RAV4 cars were made from model years 2006 through 2011, while only 2010 models of the HS 250h were affected. Toyota said it had not yet developed a fix for the problem, which it said involves rust formation that could lead to wear and eventual separation of the rear suspension arms. Toyota said it will notify owners when a solution is available. The U.S. ... Full Story Top Exclusive: Obama authorizes secret U.S. support for Syrian rebels Wed,1 Aug 2012 02:58 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama has signed a secret order authorizing U.S. support for rebels seeking to depose Syrian President Bashar al-Assad and his government, U.S. sources familiar with the matter said. Obama's order, approved earlier this year and known as an intelligence "finding," broadly permits the CIA and other U.S. agencies to provide support that could help the rebels oust Assad. This and other developments signal a shift toward growing, albeit still circumscribed, support for Assad's armed opponents - a shift that intensified following last month's failure of the ... Full Story Top Global factories struggle as growth fears rise Wed,1 Aug 2012 12:24 PM PDT Reuters - NEW YORK/LONDON (Reuters) - U.S. and euro zone manufacturing struggled again in July while factory activity in China hit an eight-month low, surveys showed on Wednesday, as economies worldwide appeared to lose momentum. Economic malaise was worst in the 17-country euro zone, where output plummeted and the manufacturing sector contracted for an 11th straight month as a downturn that began in smaller countries continued to spread into core euro area economies. The slump worsened in Italy, Spain and Greece as well as the region's two biggest economies -- Germany and France. ... Full Story Top Princeton scores straight A's as top U.S. college in new ranking Wed,1 Aug 2012 10:19 AM PDT Reuters - NEW YORK (Reuters) - Princeton scores top marks and edged past Williams College in Massachusetts and California's Stanford University in a new ranking of the top colleges in the United States released on Wednesday. The New Jersey university topped the Forbes list, which assessed U.S. colleges based on their graduation rates, student outcomes and satisfaction, low levels of debt and post-graduate success. "Princeton does well across the board," said Michael Noer, Forbes executive editor. ... Full Story Top Judge in George Zimmerman's Florida trial will not step down Wed,1 Aug 2012 08:55 AM PDT Reuters - ORLANDO, Florida (Reuters) - A Florida judge on Wednesday rejected a motion asking him to step down from the murder trial of George Zimmerman, the neighborhood watch captain who killed unarmed black teenager Trayvon Martin, ruling the defense request was "legally insufficient." Zimmerman's lawyer Mark O'Mara, in a motion filed July 13 asking the judge to step down, accused Judge Kenneth Lester of bias, citing what he called "gratuitous" and "disparaging remarks" Lester made in a July 5 ruling raising Zimmerman's bond from $150,000 to $1 million. ... Full Story Top U.S. auto sales remain soft in July Wed,1 Aug 2012 12:29 PM PDT Reuters - DETROIT (Reuters) - Major automakers reported U.S. auto sales for July that were somewhat softer than expected as high U.S. unemployment and weak consumer confidence kept would-be buyers on the sidelines. Industry sales were on track to jump 9 percent in July to 1.1 million vehicles, less than the growth of 10 percent or more expected by many analysts. Kelley Blue Book estimated that the annual sales pace for the month was on track to fall just shy of 14 million. Analysts expected the sales rate to be 14 million. ... Full Story Top July bloodiest month in Iraq in 2 years Wed,1 Aug 2012 07:17 AM PDT Reuters - BAGHDAD (Reuters) - Militants killed 325 Iraqis in July making it the bloodiest month in two years, Health Ministry figures showed, as the country battles insurgents after the U.S. withdrawal. The figures showed 241 civilians, 44 soldiers and 40 policemen were killed last month and almost 700 people were injured. The worst day of violence was on July 23 when more than 100 people were killed in bomb and gun attacks across Iraq. The coordinated violence against mostly Shi'ite Muslim targets was claimed by al Qaeda's affiliate in Iraq. ... Full Story Top Romney stumbles on world stage but will it hit him at home? Wed,1 Aug 2012 03:49 AM PDT Reuters - (Note: explicit language in the seventh paragraph) WARSAW (Reuters) - Mitt Romney upset Londoners, Palestinians and U.S. journalists on his ill-fated tour abroad, but with voters focused on the economy at home it is unclear whether the Republican presidential challenger's fumbles will have a lasting effect on the November 6 election. Romney is facing doubts about whether he can handle himself on the world stage as he tries to replace President Barack Obama. ... Full Story Top Analysis: Scientists go beyond the polls to forecast U.S. election Tue,31 Jul 2012 10:02 PM PDT Reuters - WASHINGTON (Reuters) - For anyone wondering how much of the vote President Barack Obama might lose in the November 6 election because he is black, a professor in Iowa has crunched polling data and come up with an estimate: 3.3 percent. Another U.S. academic has penned a complex equation -- using data on the economy and presidential approval ratings -- that predicted who won the most votes in the last six presidential contests. ... Full Story Top July factory growth slowest in almost three years: Markit Wed,1 Aug 2012 06:08 AM PDT Reuters - NEW YORK (Reuters) - The manufacturing sector grew in July at its slowest pace in nearly three years as a debt crisis in Europe and economic and political uncertainty at home dented demand, a survey showed on Wednesday. The final Markit Manufacturing Purchasing Managers Index stood at 51.4 in July, below both a preliminary estimate of 51.8 and June's reading of 52.5. It was the lowest reading since September of 2009. A reading above 50 indicates expansion. ... Full Story Top Russia's Putin says NATO should stay in Afghanistan Wed,1 Aug 2012 06:50 AM PDT Reuters - ULYANOVSK, Russia (Reuters) - NATO forces should stay in Afghanistan until their job is done, Russia President Vladimir Putin said on Wednesday, suggesting they should stay beyond a planned withdrawal of most combat troops in 2014. "It is regrettable that many participants in this operation are thinking about how to pull out of there," Putin said at a meeting with paratroopers in the Russian city of Ulyanovsk. "They took up this burden and should carry it to the end." (Reporting by Gleb Bryanski; Writing by Gabriela Baczynska; Editing by Steve Gutterman) Full Story Top Analysis: No happy outcome in Syria as conflict turns into proxy war Wed,1 Aug 2012 07:18 AM PDT Reuters - BEIRUT (Reuters) - Regional powers are pouring in money and guns, jihadists are joining rebels battling to overthrow Bashar al-Assad, while his own well-armed but hard-pressed forces are fighting back ruthlessly with combat aircraft and artillery. Gruesome scenes of slaughtered civilians or executed rebel fighters provide daily snapshots of the worsening conflict in Syria. Video apparently showing rebels gunning down Assad militiamen in cold blood suggests the insurgents are capable of brutality to match their enemies. ... Full Story Top Iconoclastic American author Gore Vidal dead at 86 Wed,1 Aug 2012 07:05 AM PDT Reuters - LOS ANGELES (Reuters) - Writer Gore Vidal, who filled his novels and essays with acerbic observations on politics, sex and American culture while carrying on feuds with big-name literary rivals, died on Tuesday at home in Los Angeles of complications from pneumonia, age 86. Vidal's literary legacy includes a series of historical novels - "Burr," "1876," "Lincoln" and "The Golden Age" among them - as well as the campy transsexual comedy "Myra Breckinridge". He started writing as a 19-year-old soldier stationed in Alaska, basing "Williwaw" on his World War Two experiences. ... Full Story Top Bulgaria makes image of suicide bomber's face Wed,1 Aug 2012 05:50 AM PDT Reuters - SOFIA (Reuters) - Bulgarian experts have constructed an image of the face of a suicide bomber who killed five Israeli tourists and a Bulgarian bus driver on the Black Sea coast two weeks ago, the interior minister said on Wednesday. The computer-generated image shows a man aged around 30, with swept-back black hair and dark eyes. The bomber blew up the bus in a car park at Burgas airport, a popular gateway for tourists visiting Bulgaria's Black Sea coast, also killing himself and wounding more than 30 people. ... Full Story Top "Fast and Furious" gun case doomed by reckless strategy: report Tue,31 Jul 2012 08:44 PM PDT Reuters - WASHINGTON (Reuters) - The failed gun-running probe known as "Fast and Furious" was marred by missteps and an "inherently reckless strategy" from the beginning, said a report released on Tuesday by congressional Republicans. The Justice Department dismissed the report released by House Oversight and Government Reform Committee Chairman Darrell Issa and Senator Charles Grassley. Justice Department spokeswoman Tracy Schmaler said it reiterated "distortions and now-debunked conspiracy theories. ... Full Story Top Macau government probes Sands over document transfer to U.S. Wed,1 Aug 2012 04:35 AM PDT Reuters - HONG KONG/LOS ANGELES (Reuters) - The Macau government has launched an official investigation into Sands China, owned by billionaire Sheldon Adelson, after the company transferred documents linked to a wrongful dismissal case to the United States from Macau. It is the latest twist in a saga that has become a firestorm for the casino mogul, who owns casinos in Las Vegas, Macau and Singapore and is the most active donor in U.S. Republican candidate Mitt Romney's presidential campaign. ... Full Story Top Regulator says no to Obama mortgage write-down plan Tue,31 Jul 2012 04:45 PM PDT Reuters - WASHINGTON (Reuters) - The top housing regulator rebuffed a plan by the Obama administration to cut mortgages held by struggling homeowners, a blow to the White House, which is keen to show voters it can help fix the housing market. The regulator for government-run housing finance giants Fannie Mae and Freddie Mac said on Tuesday that using taxpayer-funded bank bailout money could encourage defaults and not make a big improvement in reducing foreclosures in a cost-effective way for taxpayers. ... Full Story Top Romney stumbles on world stage but will it hit him at home? Tue,31 Jul 2012 02:16 PM PDT Reuters - (Note: explicit language in the seventh paragraph) WARSAW (Reuters) - Mitt Romney upset Londoners, Palestinians and U.S. journalists on his ill-fated tour abroad, but with voters focused on the economy at home it is unclear whether the Republican presidential challenger's fumbles will have a lasting effect on the November 6 election. Romney is facing doubts about whether he can handle himself on the world stage as he tries to replace President Barack Obama. ... Full Story Top Al Qaeda decline hard to reverse after Bin Laden killing: U.S. Tue,31 Jul 2012 02:48 PM PDT Reuters - WASHINGTON (Reuters) - Osama bin Laden's death sent al Qaeda into a decline that will be hard to reverse, the United States said on Tuesday in a report that found terrorist attacks last year fell to their lowest level since 2005. Describing 2011 as a "landmark year," the United States said other top al Qaeda members killed last year included Atiyah Abd al-Rahman, reportedly the militant organization's No. 2 figure after bin Laden's death, and Anwar al-Awlaki, who led its lethal affiliate in Yemen. ... Full Story Top Baghdad bombs kill 19, police battle suicide attackers Tue,31 Jul 2012 03:04 PM PDT Reuters - BAGHDAD (Reuters) - Twin car bombs hit central Baghdad on Tuesday, killing at least 19 people, and security forces fought off a separate attack inside a police station by two suicide bombers trying to free al Qaeda prisoners. The major assault underscored the seriousness of Iraq's struggle with insurgents more than seven months after the last U.S. troops left behind a country still grappling with political instability and sectarian tensions. ... Full Story Top Syrian aircraft strike Aleppo, rebels claim successes Tue,31 Jul 2012 03:12 PM PDT Reuters - ALEPPO, Syria (Reuters) - Syrian combat aircraft and artillery pounded Aleppo late into the night as the army battled for control of the country's biggest city, where rebel fighters said troops loyal to President Bashar al-Assad had been forced to retreat. During the day on Tuesday large clouds of black smoke rose into the sky after attack helicopters turned their machineguns on eastern districts for the first time in the latest fighting and a MiG warplane later strafed the same area. After nightfall, Reuters journalists in Aleppo heard loud explosions somewhere near the city. ... Full Story Top White House prepping for budget cuts, to shield military pay Tue,31 Jul 2012 01:18 PM PDT Reuters - WASHINGTON (Reuters) - The White House said on Tuesday it was starting to get ready for potentially painful year-end spending cuts, and was committed to shielding U.S. military pay from any government budget crunch. Jeffrey Zients, acting director of President Barack Obama's Office of Management and Budget, said discussions would start soon on how to weather the looming automatic spending cuts, known as "sequestration," that would take place starting January 2 if Congress cannot achieve a deficit reduction deal. ... Full Story Top India power cut hits millions, among world's worst outages Tue,31 Jul 2012 05:02 PM PDT Reuters - NEW DELHI (Reuters) - Hundreds of millions of people across India were left without power on Tuesday in one of the world's worst blackouts, trapping miners, stranding train travelers and plunging hospitals into darkness when grids collapsed for the second time in two days. Stretching from Assam, near China, to the Himalayas and the northwestern deserts of Rajasthan, the outage covered states where half of India's 1.2 billion people live and embarrassed the government, which has failed to build up enough power capacity to meet soaring demand. ... Full Story Top Facebook sinks to record low as doubts grow Tue,31 Jul 2012 01:10 PM PDT Reuters - SAN FRANCISCO (Reuters) - Facebook Inc's shares slid 6.2 percent to another record low on Tuesday, diving for the third straight day since lackluster results showed decelerating user growth and revived doubts about its ability to sustain its rich valuation. A sobering report from Bernstein Research, combined with online chatter about the potential proliferation of automated Facebook accounts and a looming sell-off of employee shares next month all conspired to rock the stock, analysts say. ... Full Story Top Apple, Samsung launch salvos as smartphone trial heats up Tue,31 Jul 2012 05:46 PM PDT Reuters - SAN JOSE, California (Reuters) - Samsung Electronics Co Ltd told jurors that its products are not copycats of Apple Inc's iPhone but rather an example of legitimate American-style competition from the South Korean company. Lawyers for both tech giants faced off on Tuesday for opening statements in the highly anticipated U.S. patent trial, where Apple has accused Samsung of stealing iPhone features like scrolling and multi-touch. ... Full Story Top Rising home prices show traction in housing recovery Tue,31 Jul 2012 12:22 PM PDT Reuters - NEW YORK/WASHINGTON (Reuters) - Home prices rose for the fourth month in a row in May, suggesting the recovery in the housing market continued to gain traction, even as the broader economy wobbles. Other data on Tuesday showed consumer confidence unexpectedly rose in July but spending fell in June for the first time in nearly a year as Americans saved more. The S&P/Case-Shiller composite index of 20 metropolitan areas gained 0.9 percent in May from April on a seasonally adjusted basis, topping economists' expectations for a 0.5 percent gain. ... Full Story Top Apple, Samsung launch salvos as smartphone trial heats up Tue,31 Jul 2012 04:47 PM PDT Reuters - SAN JOSE, California (Reuters) - Samsung Electronics Co Ltd told jurors that its products are not copycats of Apple Inc's iPhone but rather an example of legitimate American-style competition from the South Korean company. Lawyers for both tech giants faced off on Tuesday for opening statements in the highly anticipated U.S. patent trial, where Apple has accused Samsung of stealing iPhone features like scrolling and multi-touch. ... Full Story Top

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