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Showing posts with label Christine Lagarde. Show all posts
Showing posts with label Christine Lagarde. Show all posts

Monday, 29 October 2012

That "special" TV moment between IMF head Christine Lagarde and CNBC journalist Maria Bartiromo

Recently Christine Lagarde, the head of the International Monetary Fund,  appeared, as she has done regularly, on the US-based satellite and cable television business news channel CNBC.

Facing her was the channel's Maria Bartiromo, a journalist with a proven track record, author of several books and recipient of various awards.


Christine Lagarde and Maria Bartiromo (screenshot montage from CNBC video)

The main thrust of what Lagarde had to say was that "austerity upon austerity doesn't work," with Bartiromo pushing to find out whether Greece would be offered a better deal.

So the scene is set for an interview between two very capable women with Bartiromo quizzing Lagarde on the world global economy (of all things) just ahead of the the annual meetings of the IMF and the World Bank Group in Tokyo.

But remember this was television - a medium in which some journalists, even the most experienced and accomplished can fall into the trap of considering themselves to be at least equal if not sometimes better than the person they're interviewing - or at least giving the appearance of what they have to say and their take on an issue, matters.

You know the sort of thing: a journalist specialising in a certain field becomes the expert qualified to share with viewers, listeners or readers, their point of view.

"Hello subjectivity" and "Goodbye objectivity".

Although there are several examples earlier on in the interview of Bartiromo chipping in with her comments on what Lagarde is saying, take a listen to the exchange that takes place between the two when France is mentioned (fast forward to eight minutes and 57 seconds in the accompanying video - you can watch it here).

Lagarde of course is French and before taking over from Dominique Strauss-Kahn (yes the job has become something of a Gallic domain in recent years) she was this country's finance minister.

Bartiromo wanted to find out (really?) Lagarde's thoughts on the 75 per cent tax rate the French government is planning to impose on those earning more than €1 million annually, asking whether she found it "appropriate".

Ever the international diplomat that she has become, Lagarde was not to be drawn saying she was going to take questions on France for obvious reasons.

"Because it's your country?" asked Bartiromo.

"Correct," replied Lagarde.

But that wasn't enough for the journalist who wanted an answer to the question she had "posed", even if now forced, in part, to give it herself.

"It does seem a little aggressive from a policy standpoint," began Bartiromo.

"Do you think we could see that kind of tax rates in other countries? I mean, this is a real debate. I understand you don't want to criticise or comment on something going on in France. But you have to be thinking about this," she finished, allowing Lagarde a little more room for manœuvre without having to appear to comment openly on internal French politics.

A clever rephrasing of the question from Bartiromo to try to tease out an opinion or a point of view that might otherwise be buried under a blanket of diplomatic doublespeak?

Or a clumsy technique of appearing to the devil's advocate but perhaps letting slip her own thoughts on the subject?

You decide.

Either way, for such a normally dry subject, it's a delicious TV moment as both women retain their poise during what could have been an instant of dead air silence.

Thursday, 22 December 2011

Anne Sinclair named France's Woman of the Year - really?

A poll carried out for Terrafemina, an online women's magazine, has named Anne Sinclair as France's Woman of the Year.

Sinclair was a "symbol of courage and tenacity in face of the legal difficulties of her husband," the magazine said in announcing the results of the poll carried out on its behalf by CSA (Conseils-Sondages-Analyses).

No kidding.

It would be hard for anyone tuned in to the news in the weeks following the arrest of her husband, former International Monetary Fund chief Dominique Strauss-Kahn of course, not to have been impressed by her stoicism (and money) as she "stood by her man".

But French Woman of the Year?

Certainly not as far as the Green's presidential candidate Eva Joly is concerned.

"I find it sad," Joly said in an interview on news channel i>Télé.

"It reflects a view of life and gender relations that's very, very old-fashioned," she continued.

"I find it quite shocking, unbelievable even, that her popularity can be greater than that of a prominent politician such as Christine Lagarde," she added.

Lagarde, France's former finance minister and DSK's successor at the IMF came second in the poll.

Deserved or just too much Tammy Wynette about the outcome? What do you think?

The poll was conducted by telephone on December 6/7.

A representative sample of 1,005 people aged 18 and over were asked to choose from a list of 10 names, two women they considered had made the biggest impact in 2011.

Here, in a screenshot from the survey, are the overall results.



screenshot from PDF file from CSA survey



You can download the full report in PDF format from the CSA website.

Wednesday, 10 August 2011

Vanity Fair's best-dressed woman - Carla Bruni-Sarkozy

So that arbiter of taste and supplier of news on pop culture, fashion and current affairs, the monthly magazine Vanity Fair, has released its 72nd annual best dressed list.

Carla Bruni-Sarkozy (screenshot from trailer for Woody Allen's "Midnight in Paris")

And as far as the women are concerned the winner is...the former top model-cum singer/actress and France's current first lady, Carla Bruni-Sarkozy.

Yes she of the finely chiselled features, raspy voice and elegantly increasing girth in expectation of a happy event has managed to beat out stiff competition from Sheikha Mozah bint Nasser Al Missned (the second of the three wives of Sheikh Hamad bin Khalifa Al Thani, Emir of the State of Qatar) and the recently-wed Duchess of Cambridge, aka to many still as Kate Middleton.

Perhaps not surprisingly the French media was fawningly quick off the mark to revel in the news.

"French chic - you've heard of it?" trumpeted the weekly glossy Voici.

"Well just to make matters easy, it can be defined in three words, 'Carla Bruni-Sarkozy'," it continued (un)imaginatively.

For fellow celebrity gossip magazine Gala it came as little surprise that Bruni-Sarkozy had made it as Vanity Fair's best dressed women as she had been among the "sartorially superior" for the past four years.

And let's face it, she's not exactly a stranger to the world of high fashion and GLAMOUR.

"She's known for having that refined distinction inherited from being from the upper middle class," it wrote.

"And she has been the flawless hostess at the l’Elysée (palace) with assured taste and a figure allowing her to show off to perfection clothes from some of the greatest fashion designers."

The magazine also delighted in the timing, remarking that while the "Mother-to-be might recently have given up on her Dior dresses and Louboutin shoes, she had also managed to dazzle through her natural beauty at the G8 summit in June where she appeared in her her simple Rogier Verdier-designed wardrobe."

And so it continued with the emphasis being put on Bruni-Sarkozy's "simplicity and elegance" (TF1) or "Vanity Fair having succumbed to Bruni-Sarkozy's charm" (Le Parisien)


But as much of the French media was equally at pains to point out, Bruni-Sarkozy was not the only woman on the list to "embody French style".

Because there at number six was the recently-appointed head of the International Monetary Fund, Christine Lagarde.

You can see the full list - of best-dressed women and men - as well as what Paris Match calls "Vanity Fair's 'ovation' to a certain Kate Middleton'," over on the magazine's site and check out the comments.

They just about say it all.

Thursday, 24 February 2011

French diplomacy - "amateur, impulsive and lacking coherence "

Those were the words used to describe France's foreign policy and in particular its diplomacy, under its president Nicolas Sarkozy.

They came in an open letter published on Wednesday in the national daily, Le Monde from the Marly group, a collection of French diplomats, retired and serving, of all political persuasions, who were anonymously but collectively airing their concerns.

French foreign affairs and its diplomacy, certainly seem to have come in for a fair bit of scrutiny recently - and this week's events have perhaps only highlighted how much.

Take for example the first visit of a French government minister to Tunisia since that country's Jasmine revolution.

French foreign minister, Michèle Alliot-Marie

In fact there wasn't just one minister but two; Christine Lagarde, the finance minister, and Laurent Wauquiez, the minister for European affairs.

Notice anything odd...apart from the fact that France saw in necessary to send a minister responsible for Europe to a country in North Africa?

Yep, the absence of the foreign minister, Michèle Alliot-Marie (MAM) who had been dispatched to Brazil out of harm's way.

She, MAM, justified her visit to South America as being more "pragmatic".

"The visit was planned over a month ago and Brazil is a country with which we have a very important relationship," she is reported to have said in an informal conversation in the capital Brasilia.

Of course foreign ministers cannot change plans at the last minute to react to changing situations, and her absence in Tunisia had nothing whatsoever to do with the ongoing controversy there has been over her holidays there earlier this year.

So it was left to Lagarde and Wauquiez to build bridges with the finance minister telling journalists that she was confident the relationship between the two countries had not been harmed and Wauquiez mooting the idea of economic aid in the form of a "Marshall plan for Tunisia"

"We've come, not to lecture but to listen to their needs," he said, clearly aware of the fact that there are over 1,200 subsidiaries of French companies in Tunisia and there are interests to be protected.

Strangely silent and hovering in the background was the recently appointed ambassador, Boris Boillon.

He seemed almost, as some commentators back home in France observed, to be paying penance for the insulting remarks he had made to a journalist last week and which resulted in protests calling for his resignation and a subsequent very public apology on national television.

"Sarko boy" was on his best behaviour. Perhaps he had wind of an old can of worms that had been reopened in the form of an appearance he had made on the early evening news magazine Le Grand Journal on Canal + television last November.


Boillon défend Kadhafi (C+)
envoyé par LePostfr. - L'info video en direct.

During the interview Boillon had defended Libyan leader Muammar Gaddafi, saying he had been a terrorist but wasn't any longer.

"We all make mistakes in life," he said. "And we all have the right to another chance," he said after admitting that Gaddafi had referred to him as "his son".

Boris Boillon (screenshot from Le Grand Journal)

Yes old news - well not so old - but certainly words that seem misplaced with hindsight.

To top it all off was the publication on Wednesday in Le Monde of that open letter from the Marly grop.

"Amateur, impulsive, obsessed with the media and a lack of coherence" were the main criticisms aimed at the current state of affairs.

"Our foreign policy is one of improvisation often undertaken with respect to domestic political considerations," they wrote.

A bold move as far as the weekly news magazine L'Express was concerned and one "which coming from a group of people known for their discretion, indicated how worrying the situation was."

Monday, 25 January 2010

Henri Proglio's two-salary U-turn

The recently-confirmed new boss of the French utility giant, Electricité de France (EDF), has agreed to relinquish his rights to claim a second salary with his old company, the multinational Veolia, where he remains chairman of the board.

While his decision has effectively put an end to the debate over the salary controversy, there's now a new confab over a conflict of interests and whether he should be doing two jobs: one at the mainly (almost 85 per cent) state-owned company EDF and the other at the privatised Veolia.

And to many, the French government would appear to be sending out mixed messages as to where exactly it stands on the issue.

You might remember the story out of France last week about this country's government saying that Proglio, who was confirmed as the boss of EDF on Wednesday, would in fact be entitled to two salaries rather than one.

In short he would get €1.6 a year for his new job and retain a paid position of €450,000 a year at Veolia, the company where he was to remain chairman of the board.

The government appeared to be backtracking on its previous promise not to support a double-salary with among others both the finance minister, Christine Lagarde, and the minister of the budget, Eric Woerth, "explaining" why the decision was now justified.

Hardly the most credible of positions for Lagarde, who had promised back in November when Proglio was nominated for the job that there was "no question of overlapping of remuneration and therefore he would receive a single salary."

Pragmatic politics at its best perhaps from the finance minister.

A day after his confirmation, Proglio made things much easier for Lagarde (and the rest of the government) by "choosing" to give up on the smaller of the two salaries, although there was plenty of conjecture that Nicolas Sarkozy, had put pressure on the man who had supported him in his successful bid to become president in 2007.

So the end of the story - not.

Because of course it's one that won't go away and which over the weekend took on another dimension with calls from opposition party leaders for Proglio to cut completely all ties with Veolia.

Among them was François Bayrou, the leader of the centre party Mouvement démocrate (Democratic Movement, MoDem).

"When you're the boss of a public company, you should keep in mind the interests of the public," he said on national radio.

"And when you head up a very large private company you have to defend the interests of the shareholders," he continued.

"This creates a dual allegiance that is unbearable, and which is a complete contradiction to everything we have done in France for decades."

And what do you know, the French government also seemed to be preparing the ground to make it easier for Proglio to give up all links with Veolia with both Lagarde and Woerth returning to their original positions - sort of.

"It's not a situation that should last forever," said Lagarde on Sunday.

"He (Proglio) recognised that when he appeared before (parliamentary) commissions," she added.

A sentiment echoed by Woerth who also maintained that holding two jobs couldn't be a long-term solution.

"When you're in a business which has international contracts, it requires keeping in constant contacts with clients, and not having to time to do other things," he said.

"For me it's a temporary situation," he added.

All of which could make it easier as far as Marie-George Buffet; the leader of the Parti communiste français (French Communist Party, PCF), is concerned for Sarkozy to appear to "save the day" so-to-speak and make the announcement, should he so wish, that the boss of EDF will no longer have a role in Veolia.

The French president is due to appear on prime time television on Monday evening for an extensive interview and to answer questions from selected viewers - an ideal chance for him to express his thoughts on the matter, according to Buffet.

"It's entirely possible that he will make such an announcement because we've already seen how many times both Christine Lagarde and now Eric Woerth have changed their minds," she said on the Canal + news magazine La Matinale on Monday morning.

"And who's to say that Sarkozy won't suddenly 'discover' that it's completely scandalous that Proglio had a double salary and a double responsibility," she added.

Wednesday, 20 January 2010

EDF's Henri Proglio - the man with a Fat Cat salary

....and two jobs

It might only have been worth a one-liner in the middle of the broadcast on TF1's prime time news on Tuesday, but confirmation that Henri Proglio, the recently-appointed big cheese at the French utility giant, Electricité de France (EDF) would in fact be receiving a double salary, has nonetheless created the expected polemic here in France.

Nominated as president of the company last November, Proglio was officially named CEO on Wednesday and with the job comes a modest annual salary of €1.6.

But that isn't the only monthly income the 60-year-old will be able to enjoy because he'll be retaining a position in his previous company, the French multinational Veolia as chairman of the board for which he'll rake in another €450,000 annually.

Yes that's right. The man will be earning a cool €2 million a year because "He has two responsibilities and, therefore two salaries," as the minister of the budget Eric Woerth explains.

"And in reality, the sum of salaries is equal to what he earned before, so he (Proglio) hasn't actually had an increase in income," Woerth maintains.

The argument put forward by both Woerth and his government colleague, the finance minister Christine Lagarde, to justify why the government supports the double salary, and that Proglio is worth every cent he's going to be paid runs along the lines of stressing that it's not really that much money when you make a direct comparison with other countries.

"The salary is well behind that being paid to those in German, Italian or British-owned rivals," says Lagarde.

"And when you look at the earnings of those heading companies quoted on the CAC 40 it only puts him in 18th or 19th place."

But wait, what did Lagarde say back in November when Proglio was nominated for the job?

Ah yes something very much along the lines of there being "no question of overlapping of remuneration and therefore he would receive a single salary."

While government ministers have defended the double salary, perhaps the last word on the subject (for the moment) should be left to Aurélie Filippetti, the national secretary of the opposition Socialist party, who probably sums up best what many of those who don't agree with the move have been expressing.

"The combination of mandates, whether in politics or business, is definitely a very bad tradition in France," she says.

"Mr. Proglio presides over the destinies of two groups with a total of nearly 500,000 employees and combined sales of more than €100 billion," she continues.

And when it comes to the claim that the "best" need to be rewarded for the jobs they're doing, Filippetti doesn't mince her words.

"We can no longer bear to hear this completely fallacious reasoning," she says.

"What exists is actually a very exclusive club of privileged people who designate each other to positions of power as though they were playing musical chairs just like the Ancien régime."

Thursday, 10 December 2009

France's lip-synching government ministers

It's the latest video to create a buzz on the Internet here in France; members of the governing centre-right Union pour un Mouvement Populaire (Union for a Popular Movement UMP) party lip-synching.

Most of the video was shot at the party's summer conference in Seignosse best remembered perhaps for THAT clip of the interior minister, Brice Hortefeux apparently making a remark which many interpreted as racist.

And it features - if that's the right word - several government ministers - past and present - letting their hair down and singing and dancing in perfect harmony, albeit it in playback.

The teaser came out last week with the official release of the full-length version set for release Friday 11 December.

But of course the French media has got hold its hands on it - so to speak - and the pirated version, complete with a Nicolas Sarkozy impersonator voice-over, is already doing the rounds.

The video is the brainchild of the UMP's youth wing. An attempt surely to appeal to the electorate ahead next year's regional elections in which several of the political "artistes" will be standing such as the minister for higher education and research, Valérie Pécresse, in Ile de France and the minister of employment, Xavier Darcos, in Aquitaine.

Also shaking their stuff and joining in the fun in a splendid show of solidarity in "Tous ceux qui veulent changer le monde" ("Everyone who wants to change the world") are several other frontline government ministers including Christine Lagarde, (finance), Eric Besson (immigration) and Eric Woerth (budget) as well as the junior minister for sports, Rama Yade, and the junior minister for family, Nadine Morano.

Not forgetting of course the former prime minister, Jean-Pierre Raffarin, or Rachida Dati, who until June this year was the justice minister and is now a member of the European parliament.

And so the list goes on.

Anyway without further ado, here it is. Sit back, enjoy and...er...sing along?



Have you recovered or are you still singing?

Earlier this year a similar lip-synched video from Daniel Cohn-Bendit's Europe Écologie party ahead of June's European parliamentary elections received more than 90,000 hits.



While it would without doubt be stretching a point to say that it contributed to the party's success in the election in which it won over 16 per cent of the national vote and gained 14 seats in the European parliament, it certainly didn't do it any harm.

Something perhaps the youth wing of the UMP party is hoping it can repeat in next year's regional elections.

Friday, 31 July 2009

French government takes a break

You know summer is well and truly in full swing when the country's politicians pack up their bags and head off on their hols.

This year the French president, Nicolas Sarkozy, has given government ministers a three-week break.

Set aside the weather, disregard perhaps that it's the silly season for television and in particular for news, with so-called lighter stories dominating the bulletins.

Don't even think about the traffic chaos predicted for this weekend as juilletists (those who traditionally take their break in July) pack their bags and head home to be replaced by aoutiens (August holidaymakers) searching for sun: the two clogging motorway lanes, filling the airports to bursting point and battling for position at the major railway stations in the annual "crossover".

No, the real point of interest is how the country will manage for a couple of weeks as government ministers go on vacation.

Have no fears, this isn't a list of ALL 39 ministers and their chosen destinations. Instead it's a brief and less-than-serious look at where some of them are planning to spend the next few weeks, remembering all the time that a reported 51 per cent of French cannot afford to go away on holiday this year.

First up (of course) is the one person who isn't strictly speaking a minister; Sarkozy.

After his recent "malaise" - or "nerve attack" as it was first reported by some media outlets - he'll probably find it a little easier than might otherwise have been the case to follow doctors' advice and scale down his activities.

He'll be spending a quiet couple of weeks with his wife, Carla, at his parents-in-law's little pad in Cap Nègre in the south of France.

Not among his list of visitors presumably will be Jacques Laisné, the former prefect of the department of Var, where the Bruni-Tedeschi house is located.

Laisné lost his job a couple of months ago in the "septic tank" affair, in which he reportedly reneged on a promise to Sarkozy sort out a dispute over whether to replace the existing system of septic tanks with mains drainage and sewage system.

You can read more about that here.

Perhaps the minister who faces the toughest job come September when there'll be La Rentrée (the time when everyone gets back to work and schools reopen after the summer break) is the health minister, Roselyne Bachelot.

Without specifying exactly where she'll be passing her time, Bachelot has promised to remain "a maximum of one hour" from her ministry, ready to tackle any threat there might be from the expected H1N1 outbreak.

Another couple of government members for whom you could well spare a thought perhaps are the minister of finance, Christine Lagarde, and the minister of employment, Xavier Darcos.

They'll both be reportedly taking along work with them.

Ah such is the life for those in office.

And then there's the minister of industry, Christian Estrosi, who has recently faced a number of ongoing disputes, most notably the threat of of workers at the bankrupt New Fabris car factory in Chatellerault, southwest of Paris, to blow up the factory.

He says he'll only be taking long weekends because anything else would "be unreasonable".

Some though can apparently afford time for a proper holiday, and a couple of them could even bump into each other.

Both Eric Woerth, minister of budget, and the newly-appointed junior minister of housing, Benoist Apparu, will both be spending their time in the same place; Corsica in the Mediterranean.

And if they're very lucky they could enjoy a tête-à-tête-à-tete with the general secretary of their party ( Union pour un Mouvement Populaire, Union for a Popular Movement,UMP), Xavier Bertrand, who is also scheduled to be staying on “L'île de Beauté” or the island of beauty.

Sarkozy, along with many of his ministers look set to be following the French habit of tending not to travel abroad (90 per cent of them holiday in France). But there is an exception.

The prime minister, François Fillon, will once again travel south to Tuscany in Italy.

Oh well, there's always one, isn't there?

Friday, 26 June 2009

French finance minister says "not personally moved" by Michael Jackson's death

It was of course the major story leading the news here in France on Friday; the death of US pop singer, Michael Jackson.

And journalists took every opportunity to pose the inevitable question (in slightly differing formats) to all their pre-invited guests, no matter what their background.

"How do you feel about the death of Michael Jackson?" Or the variant "Has the news of his death touched you in any way?"

It was the latter of the two that was put to this country's finance minister, Christine Lagarde, as the opening question to her interview when she appeared, as scheduled, on the early morning show of the French all-news channel, LCI.

And Lagarde didn't mess around with her answer, replying quite simply, "No." Followed by the briefest of pauses and then, "He was a great artist, who has received a lot of media attention worldwide for practically 40 years," she continued.

"Of course I'm sorry for his fans and for the music, but (his death) hasn't touched me personally."

A well-practised political grin into the camera, followed by the next question from the journalist that, after all, got to the nub of the matter and the real reason she had been invited in the first place; increasing unemployment in France, and when the country was likely to come out of the economic crisis.

So there you have it. The straightforward non-spun reaction from one of France's top ministers to "the question of the day".

Maybe though Lagarde could have thought a little before giving such a response, which seems more than a little heartless.

After all the 53-year-old former synchronised swimming champion (no it doesn't have anything to do with her current job, but it's a useful bit of trivia to throw in at the dinner table perhaps) speaks fluent English and spent several years living and working in the States.

It's perhaps hard to imagine that she did a great deal of moonwalking in her younger days, but she surely couldn't have been totally oblivious to the impact Jackson had on popular culture the other side of the Atlantic as well as elsewhere.

To that extent, maybe she could have given an answer that didn't appear to illustrate that she really was quite unconcerned by the news.

Just a thought.

Monday, 19 November 2007

Sarkozy’s trouble with women 2

When he came to office in May this year the French president, Nicolas Sarkozy, promised gender parity in his 15-strong government. And true to his word seven of the 15-strong cabinet are women.

But they’re not all having a smooth ride, and indeed some of them might well be marginalised in the first reshuffle, which if the French are true to form, cannot be more than a few months away.

While Rachida Dati, the justice minister, could be forgiven for her lack of experience and relative youth, surely no such excuse can be offered for the woman who has without doubt one of the most important jobs in the French government.


Christine Lagarde is the first woman to become finance minister of a G8 country and although she might be a little short of political experience (a characteristic of several of the women in the French government) she comes with a humdinger of a reputation as an antitrust and labour lawyer.

So a safe pair of hands you might think for the task of pushing through parliament all the controversial legislation Sarkozy plans to rejuvenate the French economy, including tax cuts and measures to liberalise the labour market.

In addition, Legarde is a fellow disciple of Sarkozy’s often-heard mantra “work more to earn more” and in one of her first speeches to the French parliament back in July caused a stir when she said France was a country that thinks too much and that thinking prevented reforms from being implemented!

Direct talking indeed from a woman who was the first female chairman of the US-based international law firm Baker & McKenzie and since 2005 has appeared twice in Forbes Magazine’s list of the 100 most powerful women.

But those oh-so-safe hands and plain talking have been the subject of media ridicule recently as she very ably put her foot in her mouth without anyone else’s help.

When the cost of crude oil began its dramatic rise on the international markets a couple of weeks ago Lagarde came up with a hapless solution to rocketing prices at the petrol pumps. She very helpfully suggested the French look at using other forms of transport – including bikes – which would cut down congestion and of course be good for the environment!

Unfortunately perhaps her remarks might have been better received by the general public had they not come just days before the second public transport strike, which has seen tailbacks of more than 150kms (just around Paris) during peak hours.

Political commentators didn’t let Lagarde off the hook either as they lampooned her with the image of someone who would most probably advise France’s fisherman resort to sailing boats. They were at the time blockading ports to protest the rise in the cost of fuel.

So perhaps not the most auspicious of starts for Lagarde, especially as she has such a central role in Sarkozy’s “vision” for France, but it’s hard to imagine that her swift rise in politics will come to a premature end.
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