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8/6/2019 Jan-Feb 2006
1/16
2I[WPIXXIVJSV&MVH[EXGLIVW:SP 2S .ER*IF
8/6/2019 Jan-Feb 2006
2/16
'328)287
% 2SXI JVSQ XLI 4YFPMWLIV
7IQMREV SR &MVH *PY 1MWWMRK XLI [SSHW JSV XLI XVIIW#
6EVI ,SRSYV XS (V %FVELEQ :IVKLIWI
%VXMGPIW
% 2 S XI S R X L I & V II H M RK S J ' V MQ W SR 7 Y RF M V H
%IXLST]KE WMTEVENE MR 6EXREKMVM (MWX 1ELEVEWLXVE
F] 6SLER .0SZEPIOEV ERH 7EGLMR &4EPOEV
4EVEHMWI *P]GEXGLIV SR XLI 4PEMRW SJ 8EQMP 2EHY F]
, (ERMIP ;IWPI]
&MVHW SJ (MFVY7EMOLS[E &MSWTLIVI 6IWIVZI F]
6ERNER /YQEV (EW
'SVVIWTSRHIRGI
+VI] ,IEHIH 'EREV] *P]GEXGLIV F] 4VEHIIT /YQEV
7LEVQE
& VI IH MR K 7 MX IW 3 J +]TW FIRKEPIRWMW ERH+]TW XIRYMVSWXVMW -R /EXIVRMEKLEX ;MPH 0MJI 7ERGXYEV]
9XXEV 4VEHIWL F] +SQEXLM 2
:SP 2S .ER*IF
7 8LISHSVI &EWOEVER
(V %1/ &LEVSW
,EVMWL 6 &LEX
(V 74 &LEXREKEV
(V %/ 'LEOVEZEVXL]
(V 6ERNER /YQEV(EW
(V 7 (IZEWELE]EQ
&7 /YPOEVRM
%VZMRH 1MWLVE
(V +IIXE 7 4EHEXI
4VSJ 7 6ERKEW[EQM
/ 1VYXYQNE]E 6ES
%2 =IPPETTE 6IHH]
(V 6ENMZ 7E\IRE
(V %& 7LERFLEK
7 7VMHLEV
(V%FVELEQ :IVKLIWI *6)7 0SRHSR
4YFPMWLIV 7 7VMHLEV
)HMXSVMEP &SEVH
7IQMREV SR &MVH *PY 1MWWMRK XLI [SSHW JSV XLI XVIIW#
1SVI SJXIR XLER RSX TEVXMEP ORS[PIHKI SJ FMVH IGSPSK] ERH
OI]LSPI SFWIVZEXMSRW FVMRK EFSYX QMWPIEHMRK GSRNIGXYVIW
7YGL MRJIVIRGIW QE] RSX LEZI WIVMSYW MQTPMGEXMSRW MR E
PSKMGEP WIRWI FYX [LIR XLI WYFNIGX YRHIV WGVYXMR] MW EFYVRMRK MWWYI PMOI XLI EZMER MRJPYIR^E QMWMRXIVTVIXEXMSRW
GSYPH [IPP WTIPP HMWEWXIVW % PMOI WMXYEXMSR LETTIRIH EX E
7IQMREVSRXLI%ZMER-RJPYIR^E SVKERM^IHF]E:IXIVMREV]
-RWXMXYXI EX &ERKEPSVI MR (IGIQFIV [LIVIMR ER EZMER
IGSPSKMWX QMWWIH XLI [SSHW JSV XLI XVIIW [LIR LI H[IPX EX
PIRKXL SR XLI IGSPSK] SJ &EVLIEHIH KIIWI
-RWXIEH SJ VIWXMRK XLI GEWI SR LSRIWX SV HIJIRWMFPI ZMI[
TSMRX XLI WEMH IGSPSKMWX LEH XEOIR XLI WLEHS[ JSV XLI
WYFWXERGI [LIR LI XIQIVEVMSYWP] QEMRXEMRIH XLEX XLI &EV
LIEHIH KIIWI VIQEMR JEV XSS E[E] MR XLI QMHHPI SJ XLI
VIWIVZSMVW XS FI EFPI XS WTVIEH ER] GSQQYRMGEFPI HMWIEWI
,I TYVWYIH LMW [MPH KSSWI GLEWI [MXL MPPYWXVEXMSRW XS
WYFWXERXMEXI LMW GPEMQ XLEX XLI &EVLIEHIH KIIWI EP[E]W
% 2SXI JVSQ XLI 4YFPMWLIV
(IEV JIPPS[ FMVH[EXGLIVW
VIQEMR MR XLI QMHHPI SJ XLI PEOIW ERH WIPHSQ GSQI MR GSRXEGX
[MXL LYQERW SV TSWI E XLVIEX XS XLIMV TSYPXV] SV PMZIWXSGO
8LI WIQMREV SR %ZMER -RJPYIR^E [EW SVKERM^IH XS IREFPITSYPXV] JEVQIVW XVEHIVW TEXLSPSKMWXW ERH ZIXIVMREVMERW XS
HVE[ SR XLI I\TIVXMWI ERH I\TIVMIRGI SJ SXLIVW TSSP
VIWSYVGIW ERH XS FI TVITEVIH XS VIWTSRH IJJIGXMZIP] XS FMVH
JPY SYXFVIEOW %W WYGL XLI TEVXMGMTERXW [IVI KIRIVEPP]
YREGUYEMRXIH [MXL [MPH FMVH IGSPSK] XLI] FIPMIZIH XLI
JMRHMRKW SJ XLI EZMER IGSPSKMWX ERH LIEZIH E WMKL SJ VIPMIJ
2SRI ETTIEVIH XS LEZI KMZIR XLIMV EXXIRXMSR XS XLI IVVSRISYW
GSRNIGXYVI I\GITX XLI RI\X WTIEOIV [LS HVI[ XLIMV EXXIRXMSR
XS XLI QMWKMZMRKW EFSYX XLI JIIHMRK FILEZMSV SJ XLI &EV
LIEHIH KIIWI ERH WIX XLI VIGSVH WXVEMKLX
-X MW XVYI XLEX &EVLIEHIH KIIWI TVIJIV XS WXE] E[E] JVSQ
LYQERW MR XLI QMHHPI SJ XLI VIWIVZSMVW HYVMRK HE] XMQI FYX
MX MW EPWS XVYI XLEX XLI] [MPP FI MR XLI TVS\MQMX] SJ LYQERWWSSR EJXIV TISTPI VIXMVI XS FIH FPMWWJYPP] YRE[EVI XLEX XLI
WYWTIGXIH GEVVMIVW SJ XLI ,2 ZMVYW EVI VSEQMRK MR XLI
FEGO]EVHW ERH TEHH] JMIPHW 1ER] EVI YRE[EVI XLEX XLI
&EVLIEHIH KIIWI RSX SRP] JIIH SR TEHH] FYX EPWS HIJIGEXI
MR XLI TEHH] JMIPHW EW XLI] JSVEKI MR ERH EVSYRH XLI WEMH
JMIPHW MR WIEVGL SJ VMTI TEHH] TERMGPIW :MVSPSKMWXW LEZI
GSRJMVQIH XLEX XLI ,2 ZMVYW GER VIXEMR MXW ZMVYPIRGI MR XLI
FMVH JIGIW JSV YT XS HE]W ERH XLIVI MW IZIV] TSWWMFMPMX]
SJ XLI ZMVYW KIXXMRK MRXS XLI FEVRW EPSRK [MXL XLI JIGIW EW
XLI GSRXEQMREXIH TEHH] MW WLMJXIH XS XLI FEVRW ERH PEXIV XS
XLI QEVOIX TPEGI 3R XLEX GSYRX EPSRI XLIVI MW IZIV] VIEWSR
XS FIPMIZI XLEX ,2 ZMVYW GSYPH WXVMOI ERH MX GSYPH RSX SRP]
EJJPMGX HSQIWXMG TSYPXV] FYX EPWS WTVIEH YRGSRXVSPPEFP] 8LMROEFSYX [LEX GSYPH LETTIR [LIR GSQQIVGMEPP] FVIH GLMGOIR
XLEX LEZI PMXXPI VIWMWXERGI EVI I\TSWIH XS XLI HVIEHJYP ,2
ZMVYW 8LIVIJSVI MX [MPP FI WIRWMFPI XS HVE[ MRJIVIRGIW FEWIH
SR HE] XMQI SFWIVZEXMSRW SJ XLI &EVLIEHIH KIIWI MR XLI
PEOIW EW EPWS XLIMV RMKLX XMQI JSVE]W MRXS XLI TEHH] JMIPHW
-R 1E] LYRHVIHW SJ &EVLIEHIH KIIWI [IVI JSYRH
HIEH MR XLI 5MRKLEM 0EOI 'LMRE HYI XS %,2 XLI LMKLP]
TEXLSKIRMG EZMER MRJPYIR^E WXVEMR 8LI PEXIWX MWSPEXIW JVSQ
5MRKLEM 0EOI EVI TEVXMGYPEVP] PIXLEP OMPPMRK PEFSVEXSV] QMGI
ERH GLMGOIRW MR E HE] SV QSVI ERH ETTIEVW XS LEZI FIIR
VIEHMP] XVERWJIVEFPI EQSRK QMKVEXSV] FMVHW EX XLI PEOI
*YVXLIVQSVI QMKVEXMSR SJ &EVLIEHIH KIIWI FIX[IIR
5MRKLEM ,Y ERH 7SYXL %WME LEW FIIR IWXEFPMWLIH XLVSYKLVIGSZIVMIW SJ VMRKIH FMVHW -RGMHIRXEPP] SRI WYGL VMRK [MXL
'LMRIWI MRWGVMTXMSRW [EW VIGSZIVIH F] (V 9XXERKM JVSQ E
&EV LIEHIH KIIWI EX ,EZIVM XERO 2SVXL /EVREXEOE MR
2I[WPIXXIV JSV &MVH[EXGLIVW 'IVXEMRP] XLMW [EWRSX NYWX WTIGYPEXMSR SR WSQISRI WTEVX2IZIVXLIPIWWQER]
EVI ETTEVIRXP] SFPMZMSYW XS XLI IGSPSK] ERH QMKVEXSV] FILEZMSV
SJ [EXIVJS[P ERH XLIVIJSVI XLI] EVI HMWQMWWMRK XLI FMVH JPY
XLVIEX SR XLI KVSYRHW XLEX [MPH FMVHW EJJPMGXIH [MXL ,2
ZMVYW [MPP FI XSS [IEO XS GSQTPIXI XLIMV [MRXIV QMKVEXMSR
&YX MX MW YRMZIVWEP ORS[PIHKI XLEX XLI ,2 ZMVYW LEW XLI
EFMPMX] XS VIQEMR HSVQERX MR [MPH HYGOW [MXLSYX W]QTXSQW
E GSQFMREXMSR XLEX LIPTW XS OIIT XLI ZMVYW MR GMVGYPEXMSR -X
MW EPWS WXVSRKP] FIPMIZIH XLEX [MPH FMVHW EVI GETEFPI SJ
'SRXMRYIH SR 4EKI
8/6/2019 Jan-Feb 2006
3/16
2I[WPIXXIV JSV &MVH[EXGLIVW
'VMQWSR 7YRFMVH %IXLST]KE WMTEVENE MW TIVLETW XLI QSWXQEKRMJMGIRX ERH EXXVEGXMZI EQSRK WYRFMVHW JSYRH MR /SROER
3RI GER WII XLMW TYVTPI KVIIR ERH GVMQWSR GSPSYVIH WYRFMVH
QEPI MR XLI JPS[IV KEVHIRW KVSZIW ERH EVSYRH XLI WLVYFW
8LI JIQEPI MW HYWO] SPMZI MR GSPSYV ;I [IVI ZIV] PYGO] XS
KIX E GLERGI XS [EXGL WSQI RIWXW SJ XLMW FMVH
8LI 'VMQWSR 7YRFMVH MW [MHIP] HMWXVMFYXIH MR QSMWX HIGMHYSYW
ERH IZIVKVIIR JSVIWXW SJ -RHME 8LIVI EVI X[S WYFWTIGMIW
ZM^ WILIVMEI JSYRH MR XLI ,MQEPE]EW ERH GSRXMRIRXEP -RHMEERH ZMKSVWMM [MXL ]IPPS[ WXVIEOW SR FVIEWX JSYRH MR XLI
;IWXIVR +LEXW %PM 6MTPI]
2IWX ERH 2IWX &YMPHMRK
'VMQWSR 7YRFMVH WRIWXMRKWIEWSRMR'LMTPYRMW.YRIXS
7ITXIQFIV 8LI WIEWSR WIIQW XS FI HMJJIVIRX JVSQ TYFPMWLIH
PMXIVEXYVI 8LI TIRHERX WLETIH RIWXW EVI FYMPX [MXL GSGSRYX
JMFIVW IPIGXVMG [MVIW SV EIVMEPVSSXW SJ XVIIW 8LI RIWXW EVI
QEHI YT SJ KVEWW FPEHIW PIEZIW SJ %VIGE GEXIGLY IXG 8LI
2IWX MXWIPJ MW TIEVWLETIH [MXL E PEXIVEP IRXVERGI [LMGL MW
GSZIVIH F] E VSSJ SR XLI YTTIV WMHI 8LI QIEWYVIQIRXW SJ
SRI RIWX [IVI XEOIR EW GQ PSRK GQ [MHI ERH MX LEH
E GQ VSSJ TSVGL SZIV XLI IRXVERGI 8LI HMEQIXIV SJ XLI
IRXVERGI [EW GQ
8LI RIWXW [IVI TPEGIH FIX[IIR ERH QIXIVW 2IWX
GSRWXVYGXMSR [EW GEVVMIH SYX F] XLI JIQEPI ERH XLI QEPI
WIPHSQ XSSO TEVX MR XLI RIWX GSRWXVYGXMSR EGXMZMXMIW
)KKW ERH -RGYFEXMSR
8LI GVIEQ] [LMXMWL GSPSYVIH IKKW [IVI PEMH EX ER MRXIVZEP SJ
LSYVW 8LI YWYEP GPYXGL WM^I [EW JSYRH XS FI XLVII )KKW
[IVI MRGYFEXIH F] XLI JIQEPI SRP] 1EPI RIZIV IRXIVIH XLI
RIWX HYVMRK XLI TIVMSH SJ MRGYFEXMSR -RGYFEXMSR [EW
GSRXMRYIH HYVMRK XLI RMKLX EPWS %X XLI X]TMGEP RIWX [I
JSYRH XLI MRGYFEXMSR TIVMSH XS FI HE]W 'LMGOW JPIHKI
EJXIV HE]W 1EPI [EW EPWS JSYRH JIIHMRK XLI GLMGOW &YX
LIVI EPWS XLI JIQEPI WGSRXVMFYXMSR[EWEPQSWX
2SXIW SR RIWXW JSYRH EX HMJJIVIRX TPEGIW
&YVYQXEPM
-X MW E TEVX SJ 'LMTPYR GMX] ,IVI [I JSYRH E RIWX EXXEGLIH XS
E GSMV WXVMRK HERKPMRK JVSQ E VEJXIV SJ E LSYWI HYVMRK XLI
PEWX [IIO SJ .YRI 0EXIV [I [EXGLIH GLMGOW MR WIGSRH
[IIO SJ .YP] &YX EJXIV HE]W XLI GLMGOW HMIH HYI XS ((8
WTVE]IH SZIV XLI RIWX F] 1YRMGMTEP [SVOIVW [LS [IVI RSX
E[EVI SJ XLI RIWX MR XLI LSYWI
8LI YRWYGGIWWJYP TEMV FYMPX ERSXLIV RIWX WSQI JIIX E[E]
JVSQ XLI JMVWX RIWX 8LMW RIWX [EW JIIX EFSZI XLI KVSYRH
ERH XLVII GLMGOW [IVI VEMWIH WYGGIWWJYPP] F] XLI TEMV MR
XLIMV WIGSRH EXXIQTX
% 2SXI SR XLI &VIIHMRK SJ 'VMQWSR 7YRFMVH
%IXLST]KE WMTEVENEMR 6EXREKMVM (MWX 1ELEVEWLXVE63,%2 .03:%0)/%6 ERH 7%',-2 &4%0/%6 &ILMRH 4VMQEV] 7GLSSP :EPSTI'LMTPYR %T :EPSTI
6EXREKMVM (MWX 1ELEVEWLXVE 4MR
)QEMPVSLERNP$]ELSSGSQ
8LSYKL XLI TEMV [EW RSXMGIH MR ERH MR XLI EVIE
[I GSYPH RSX PSGEXI XLIMV RIWX &YX MR [I JSYRH SRI
RIWX EXXEGLIH XS ERSXLIV GSMV WXVMRK 8LMW RIWX [EW WSQI
QIXIVW E[E] JVSQ RIWX FYMPX MR 8LI RIWX [EW EX E
LIMKLX SJ QIXIVW 8LIVIJSVI SFWIVZEXMSRW VIKEVHMRK IKKW
ERH GLMGOW GSYPH RSX FI QEHI -R EPWS [I JSYRH XLEX
XLI FMVHW LEH VIYWIH XLI WEQI RIWX -RGYFEXMSR [EW RSXMGIH
HYVMRK XLI JMVWX [IIO SJ .YP]
%PP XLIWI RIWXW [IVI FYMPX [MXL XLI WYTTSVX SJ GSMV WXVMRKW[LMGL [IVI EXXEGLIH XS E VEJX SJ XLI LSYWI
7SRKESR
7SRKESR MW E WQEPP ZMPPEKI OQW E[E] JVSQ XLI GMX] SJ
'LMTPYR ;LIR [I [IRX XS 7SRKESR HYVMRK PEWX [IIO SJ
.YRI [I JSYRH E JIQEPI GVMQWSR WYRFMVH FYMPHMRK E
RIWX SR E GSMV WXVMRK [LMGL [EW EXXEGLIH XS XLI VEJXIV SJ E
LSYWI (YVMRK XLI JMVWX [IIO SJ .YP] IKKW [IVI RSXMGIH
ERH F] XLI VH [IIO SJ .YP] XLIVI [IVI GLMGOW MR XLI RIWX
ERH XLI] WYGGIWWJYPP] JPIHKIH HYVMRK XLI WX [IIO SJ %YKYWX
%JXIV E [IIO SV WS XLI JIQEPI PEMH ERSXLIV GPYXGL SJ IKKW
&] XLI VH SV XL [IIO SJ 7ITXIQFIV XLI GLMGOW SJ XLI
WIGSRH FVSSH EPWS JPIHKIH JVSQ XLI RIWX 7S XLI TEMV [EW
WYGGIWWJYP MR VEMWMRK X[S FVSSHW MR SRI WIEWSR
-R 1E] [I VIQSZIH XLI RIWX SJ WIEWSR ERH XMIH
E RI[ GSMV WXVMRK EX XLI WEQI TPEGI 8LI TEMV FYMPX E RIWX SR
GSMV WXVMRK XLYW SJJIVIH ERH VEMWIH X[S FVSSHW WYGGIWWJYPP]
-R ERH EKEMR MR XLI WEQI I\TIVMQIRX [EW VITIEXIH
8LIVI [EW E PMXXPI GLERKI MR XLI WGVMTX SJ 8LI TEMV YWIH
WEQI TPEGI JSV XLI JMVWX FVSSH &YX XLI] FYMPX ERSXLIV RIWX JSV
XLIMV WIGSRH FVSSH 8LMW RIWX [EW JIIX E[E] JVSQ XLI JMVWX
RIWX 8LI RIWX [EW EX E LIMKLX SJ JIIX EFSZI XLI KVSYRH ERH
SRI JSSX E[E] JVSQ XLI [EPP 3R XL .YP] XLIVI [IVI IKKW
;LIR [I ZMWMXIH XLI RIWX EKEMR SR WX %YKYWX [I JSYRH XLI
RIWX HIWXVS]IH F] WSQISRI 8LIVIJSVI XLI JIQEPI LEH PEMH
IKKW MR XLI SPH RIWX(YVMRK XLI WXSV] SJ [EW VITIEXIH /EWEFE
-X MW WQEPP ZMPPEKI OQW E[E] JVSQ 'LMTPYR GMX] -R
[I JSYRH SRI RIWX GSRXEMRMRK GLMGOW 8LMW RIWX [EW FYMPX
[MXL XLI WYTTSVX SJ ER IPIGXVMG [MVI [LMGL LEH FYPF LSPHIV
EXXEGLIH XS MX ERH [EW X[S JIIX E[E] JVSQ E [MRHS[ 8LMW
[EW E YRMUYI RIWX ERH [I LEH RSX WIIR XLMW X]TI SJ RIWX SJ
XLMW WYRFMVH IEVPMIV
3^EV[EHM
% TEVX SJ 'LMTPYR GMX] -R XLMW EVIE [I JSYRH E RIWX EX E
LIMKLX SJ JIIX MR .YRI 8LI RIWX [EW EXXEGLIH XS E
WQEPP FVERGL SJ %VXSGEVTYW LIXIVSTL]PPYW 8LI RIWX LEH
IKKW FYX [EW TVIHEXIH F] ,SYWI 'VS[ 'SVZYW WTPIRHIRW
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2I[WPIXXIV JSV &MVH[EXGLIVW
8LMW [EW XLI SRP] RIWX MR [LMGL XLI IKKW HMH RSX LEXGL
WYGGIWWJYPP]
4EVEWLYVEQ
-X MW RIEV 'LMTPYR GMX] EX E HMWXERGI SJ EFSYX /QW 3R .YP]
[I JSYRH E RIWX EX E LIMKLX SJ JIIX JVSQ XLI
KVSYRH -X [EW EXXEGLIH XS E VSSX EX ER IEVXLIR GYXXMRK EHNEGIRX
XS &SQFE]+SE ,MKL[E] ;I XSSO TLSXSKVETLW SJ XLI JIQEPI
JIIHMRK XLI GLMGOW ;LIR [I GLIGOIH SR WX %YKYWX XLI
RIWX [EW IQTX] FYX MX [EW MR KSSH GSRHMXMSR &YX SR RH
%YKYWX XLI JIQEPI [EW WIIR MRGYFEXMRK XLI IKKW MR XLI WEQIRIWX
0SZEPI
-X MW E WQEPP ZMPPEKI OQW E[E] JVSQ 'LMTPYR -R .YRI
HYVMRK E FMVH [EXGLMRK XVMT [I JSYRH E RIWX SJ XLI GVMQWSR*SPPS[MRK GLEVX WLS[W HIXEMPW SJ XLI RIWXW
2IWX 4 PE GI =I EV ,I MKL X %X XE GL IH )KKW 'LMGOW 'LMGOW
2S MR 8S *PIHKIH
QIXIV
& 'SMVWXVMRK 2%
& 'SMVWXVMRK
E 7 'SMVWXVMRK
F 7 'SMVWXVMRK
.EGOJVYMX 2% 2%E 7 'SMVWXVMRK
F 7 'SMVWXVMRK
/ )PIGXVMG
[MVI
E 7 'SMVWXVMRK
F 7 'SMVWXVMRK
E 7 'SMVWXVMRK
F 7 'SMVWXVMRK
0 'SMVWXVMRK 2%
& 'SMVWXVMRK 2% 2% 2%
7 'SMVWXVMRK 2%
7 'SMVWXVMRK 2%
& 'SMVWXVMRK 2% 2% 2% 4 6SSX MR 2% 2%
IEVXLIR GYXXMRK
WYRFMVH SR E GSMV WXVMRK [LMGL [EW EXXEGLIH XS
XLI VEJXIV SJ E GS[WLIH JIIX EFSZI XLI
KVSYRH GLMGOW WYGGIWWJYPP] JPIHKIH JVSQ XLMW
RIWX
'SRGPYWMSR
;I LEZI VITSVXIH WSQI MQTSVXERX JEGXW
VIKEVHMRK XLI FVIIHMRK SJ 'VMQWSR 7YRFMVH
%IXLST]KE WMTEVENE *IQEPI EPSRI FYMPHW XLIRIWX 8LI MRGYFEXMSR XEWO MW EPWS GEVVMIH SYX
WSPIP] F] JIQEPI 1EPI XEOIW TEVX MR JIIHMRK
XLI GLMGOW FYX PEVKI TEVX MW HSRI F] XLI JIQEPI
)KKW EVI PEMH EX ER MRXIVZEP SJ LSYVW 2SVQEP
GPYXGL WM^I MW JSYRH XS FI IKKW -RGYFEXMSR
TIVMSH [EW JSYRH XS FI HE]W &VSSH
WYGGIWWMSR [EW RSXMGIH MR JSYV RIWXW
%GORS[PIHKQIRX
;I XLERO 1V:MWL[EW /EXHEVI ERH 1V 6EQ
1SRI JSV XLIMV ZEPYEFPI WYTTSVX ERH KYMHERGI
;I EPWS XLERO 1V :MWL[EW .SWLM ERH 1V
4EVEWLYVEQ 7EKE[EOEV JSV XLIMV LIPT MR
TVITEVMRK XLMW VITSVX6IJIVIRGIW
%PM 7 ERH6MTPI] 7( ,ERHFSSO SJ XLI&MVHW SJ
-RHME ERH4EOMWXERXSKIXLIV[MXL XLSWI SJ &ERKPEHIWL
2ITEP &LYXER ERH 7VMPEROE 6IZMWIH RH IHMXMSR
:SPYQI 2S 3\JSVH 9RMZIVWMX] TVIWW (IPLM
/EXHEVI : 0SZEPIOEV 6 1SHEO % -RGYFEXMSR
TIVMSH SJ 'VMQWSRWYRFMVH .&2,7 :S0 2S
TEKI
E F MRHMGEXIW JMVWX FVSSH ERH WIGSRH FVSSH MR XLI WEQI
RIWX
%FFVIZMEXMSRW
& &Y VY QXE PM 77SRKESR 33^EV[ EHM
//EWEFE 00SZEPI 44EVEWLYVEQ
2%(EXE RSX EZEMPEFPI
4EVEHMWI *P]GEXGLIV SR XLI 4PEMRW SJ 8EQMP 2EHY, (%2-)0 ;)70)= 6EQEPMRKE 2EKEV 7SYXL 8MVYGLMVETTEPPM
WEQI GEQTYW ER EHYPX JIQEPI [EW VIGSVHIH SR XL3GXSFIV 7YFVEQER]E 7 %EWLIIWL 4MXXMI %PM 7 ERH 7( 6MTPI] WXEXI XLEX XLI TIRMRWYPEVTSTYPEXMSR SJ XLI WTIGMIW HYVMRK [MRXIV MW E GSQQM\XYVI SJXLI X[S VEGIW FSXL EPQSWX MRHMWXMRKYMWLEFPI JVSQ IEGL SXLIV-R FSXL XLI JSVQW XLI QEPIW EGUYMVI E [LMXI TPYQEKI [LMGLMW RSX XLI GEWI [MXL XLI 'I]PSRIWI VEGI
7XYH] %VIE 1IXLSH- LEZI QEMRXEMRIH E VIGSVH SJ XLI WMKLXMRKW SJ MRHMZMHYEP QEPIWERH JIQEPIW SJ XLI WTIGMIW SR XLI TPEMRW SJ 8EQMP 2EHYFIX[IIR PEXMXYHIW SJ 22ERHPSRKMXYHIW) )8LIHEXELEZIFIIRXEFYPEXIH8EFPI)\GITX
JSV XLI HEXE JSV 4EPE]EQOSXXEM ? 2 ) A E R H
-RXVSHYGXMSR8LI 4EVEHMWI *P]GEXGLIV ?8IVTWMTLSRI TEVEHMWMA MW E
VIWMHIRX MR XLI ,MQEPE]EW ERH XLI TIRMRWYPEV LMPPW?%PM 7 A 3RI SJ XLI VEGIW SJ XLI JSVQIV MW XLI
WSYXLQMKVEXMRK PIYGSKEWXIV ERH XLI SXLIV FIPSRKW XSXLI VEGI TEVEHMWM ?%PM 7 6MTPI] 6ERNMX (ERMIPW
A 2MGLSPW FIPMIZIW MX XS FI E VIWMHIRX EX 7MVYQEPEMERH %PELEV ,MPPW SJ 1EHYVEM (MWXVMGX FIMRK JSYRH XLIVI MR.YP]%YKYWX &EVRIW LEH VIGSVHIH XLI SGGYVVIRGI SJMXW MQQEXYVI QEPI ERH JIQEPI MR XLI :ERHEPYV JSVIWX IZIREW IEVP] EW MR .YP] -R .ERYEV] JSV XLI JMVWX XMQIWLI SFWIVZIH E QEPI MR 'LIWXRYX WXVIEQIVWMRXLI1EHVEW
'LVMWXMER 'SPPIKI IWXEXI 8EQFEVEQ QYGL PEXIV SR XLI
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2I[WPIXXIV JSV &MVH[EXGLIVW
8MVYGLMVETTEPPM ?2)A[LIVI-PMZIHJSVXIR]IEVWERH WMRGI VIWTIGXMZIP] XLI SXLIV VIGSVHW [IVI QEHIHYVMRK WLSVX ZMWMXW ERH JMIPH WXYH] XSYVW
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
%R EVKYQIRX QE] FI EHZERGIH XLEX XLI QSYPXIH [LMXI QEPIWEVI QSVI XLER E ]IEV SPH ERH SRGI QSYPXIH XLI] VIQEMR WSJSV IZIV 8LMW WYVQMWI QE] RSX FI EPXSKIXLIV UYIWXMSREFPI SRXLI WXVIRKXL SJ XLI SFWIVZEXMSR MR XLI *MIPH 'LEVEGXIVW SJ3PH QEPIW SJ ]IEVW SVQSVI QEHIF]%PM 7 6MTPI]
(IWTMXI XLI QEPI WJPEWL][LMXITPYQEKIMRXLIZIVHERXIRZMVSRQIRX LMW VEVMX] GV]TXMG FILEZMSYV ERH [EVMRIWW QYWXFI E WEZMSYV 8LI [LMXI TPYQEKI HIZIPSTIH HYVMRK XLI RSRFVIIHMRK WIEWSR LEW RS ETTEVIRX TYVTSWI E[E] MR XLI RSRFVIIHMRK EVIE 8LI JEGX QE] FI XLEX QSYPXMRK LETTIRWMVVIWTIGXMZI SJ XLI WIEWSRW HIRSXMRK WI\YEP QEXYVMX]
8LI HEXE SJ XLI IEVPMIWX VIGSVHIH WMKLXMRKW MR XLI [MRXIVUYEVXIVW MR 8EQMP 2EHY [IVI XL 3GXSFIV EX 2)ERHXL 3GXSFIV EX 2)-XMW
VIQEVOEFPI XS ZMWYEPMWI XLEX XLI FMVHW EVI WMQYPXERISYWP]MR 3GXSFIV MR HMJJIVIRX KISKVETLMGEP PSGEXMSRW MRGPYHMRK XLIJEV JPYRK MWPERH MR XLI 4EPO &E] -R ZMI[ SJ XLI WPS[RIWW SJ[MRK XLI SRWIX SJ QMKVEXMSR WLSYPH FI IEVPMIV XLER MR 3GXSFIV8LI FMVH FIMRK MR 8ERNSVI (MWXVMGX JVSQ XL 7ITXIQFIV2MGLSPW XLI TVSFEFMPMX] SJ MXW PIEZMRK XLI FVIIHMRKKVSYRH QYWX FI IZIR IEVPMIV -R XLEX GEWI LMW MRJIVIRGI SRXLI FMVHW SJ 7MVYQEPEM ERH%PELEV ,MPPW GSYPH RSX FI WYWXEMRIH
8LI IRHSJXLIWIEWSR WMKLXMRK [EW SR XL %TVMP EX2)-R8ERNSVI(MWXVMGXMXMWWEMHXSFIVH%TVMP?2MGLSPW A 'SYPH XLI SRI LEZI FIIR SR MXW VIXYVR NSYVRI] JVSQ 7MVYQEPEM ERH %PELEV ,MPPW ERH XLI SXLIV ETEWWEKI QMKVERX JVSQ JYVXLIV IEWX WE] 7VM 0EROE#
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
XLI PEXXIV VEGI TEVEHMWM 8LI FMVHW MR 'LIRREM HYVMRK [MRXIVQE] FI E GSQQM\XYVI SJ PIYGSKEWXIVERH XLI TEVEHMWM JVSQ:ERHEPYV E PSGEP QMKVERX
-R FSXL XLI VEGIW XLIVI [SYPH FI PEXIFVIIHMRK TEMVW EWIZMHIRGIH F] XLI IKKW FIMRK MR XLI RIWX SR RH .YRI SJPIYGSKEWXIV SR XL %YKYWX SJ TEVEHMWM 7YFVEQER]E %EWLIIWL 4MXXMI %W WYGL XLI TEVIRXEP GEVI I\XIRHMRKXLVSYKL ERSXLIV QSRXL SV WS XLI TEVIRXW [SYPH RSX FI JMX XSXEOI XLI EVHYSYW NSYVRI] 3J RIGIWWMX] XLIVIJSVI E WIGXMSR SJXLI TSTYPEXMSR WLSYPH VIQEMR FEGO EX XLI FVIIHMRK LEFMXEX EWEX XLI &ERNEVE ,MPPW [LIVI IZIR MR XLI PEWX [IIO SJ 3GXSFIV
XLIVI [IVI VIGSVHIH EHYPX JIQEPI ERH MQQEXYVI ]SYRK
6IGSVH SJ 4EVEHMWI *P]GEXGLIVWWMKLXMRKWMR8EQMP2EHY
7MKLXIH 1EPI W
%X 3R 4PYQEKI
%RRE 9RMZIVWMX]2)
3GX /EHE]EQ 2SZ 6YJSYW/EGLGLEREZMPEM 3 GX 6YJSYW/SHMOEVEM (IG 2EKEQEPEM %TVMP 2EKIVGSMP 2SZ
2SZ 2SZ 2SZ (IG .ER 6YJSYW 3GX
4EPE]EQOSXXEM 3GX .ER 3GX 3GX 3GX 6YJSYW 3GX
4EWYQEPEM .ER 4SRREREM]IV .ER 7LMRKPI - WPERH 3GX
3GX ;LMXI 3GX 1EV 3GX
8MVYGLMVETEPPM 3 GX 3GX 3GX 6YJSYW 3GX 3GX
8YXMGSVMR .ER
6IQEVO 9TTIV XEMP GSZIVXW EPSRI [LMXI
6IJIVIRGIW
%PM 7 8LI &SSO SJ -RHMER &MVHW 7EPMQ %9 'IRXIREV] )HMXMSR3\JSVH 9RMZIVWMX] 4VIWW 1YQFEM
%PM 7 7( 6MTPI] 'SQTEGX ,ERHFSSOSJ XLI&MVHW SJ -RHME ERH4EOMWXER RH )HMXMSR 3\JSVH 9RMZIVWMX] 4VIWW (IPLM
&EVRIW%1 &MVHW SFWIVZIH MR ERH RIEV 8EQFEVEQ'LIRKPITYX(MWXVMGX 7SYXL-RHME (IGIQFIV XS%TVMP &SQFE] 2EX,MWX 7SG
2MGLSPW )H[EVH + 3GGYVVIRGI SJ &MVHW MR 1EHYVEM (MWXVMGX .&SQFE] 2EX ,MWX 7SG
6ERNMX (ERMIPW 6. % *MIPH +YMHIXS XLI&MVHW SJ 7SYXL;IWXIVR-RHME 3\JSVH9RMZIVWMX] 4VIWW (IPLM
7YFVEQER]E 7 %EWLIIWL 4MXXMI 'SPSRIP 6MGLEVH 7TEVVS[ W)KK 'SPPIGXMSRSJ -RHMER&MVHW 1E]YVE
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2I[WPIXXIV JSV &MVH[EXGLIVW
-RXVSHYGXMSR
&MVH WYVZI] LEW FIIR GEVVMIH SYX JVSQXL 1E] YRXMP
HEXI XS EWWIWW XLI HMZIVWMX] SJ FMVHW MR (MFVY7EMOLS[E
&MSWTLIVI 6IWIVZI 8S IZEPYEXI XLI HMZIVWMX] TEXXIVR SJ FMVHW
MR ZEVMSYW IGSPSKMGEP WMXYEXMSRW EPP XSKIXLIV XLVII LEFMXEXW
+VEWWPERH ;SSHPERH ERH ;IXPERH [IVI WIPIGXIH JSV
GSPPIGXMSR SJ VIKYPEV WIEWSREP HEXE XLVSYKL VERHSQP]
IWXEFPMWLIH PMRI XVERWIGXW ERH TSMRX XVERWIGX 8LIVIJSVI XLI
WYVZI] LMKLPMKLXIH XLI HMZIVWMX] TEXXIVR MR XLVII HMJJIVIRX
GEXIKSVMIW SJ IGSPSKMGEP WMXYEXMSRW ERH XLI GLIGOPMWX [EW
TVITEVIH
7XYH] %VIE
7MXYEXIH MR XLI IEWXIVRQSWX TEVX SJ -RHME XLMW REXMSREP TEVO
MW EFSYX /Q RSVXL SJ 8MRWYOME 8S[R ;MXL WTIGMIW SJ
EZMJEYRE XLMW TEVO GSZIVW ER EVIE SJ EFSYX 7U /Q EW
GSVI EVIE EPSRK [MXL EFSYX 7U /Q SJ FYJJIV ^SRI ;MXL
ETTVS\MQEXIP] 2XS2PEXMXYHIERH)XS
) PSRKMXYHIXLMWTEVOMW XLI XLMVH PEVKIWX MR%WWEQ
EJXIV /E^MVERKE ERH 1EREW &SVHIVIH F] XLI &VELQETYXVE
SR MXW 2SVXLIVR WMHI ERH (MFVYVMZIV SR MXW WSYXL (MFVY
7EMOLS[E MW EPQSWX PMOI E VMZIV MWPERH
8LI 4EVO MW WMXYEXIH SR XLI JPEX EPPYZMEP JPSSH TPEMRW SJ XLI&VELQETYXVE ERH XLI 0SLMX 6MZIV EX ER EPXMXYHI SJ EFSYX
1 EFSZI QIER WIE PIZIP 8LIVI EVI WSQI TVSQMRIRX
KISQSVTLSPSKMGEP IZMHIRGIW XLEX WLS[ XLI QEVOW SJ VETMH
GLERKIW FSXL MR XLI GSYVWI SJ VMZIV ERH WXVIEQW ERH MR MXW
KISQSVTLSPSKMGEP GLEVEGXIVMWXMGW EJXIV XLI KVIEX %WWEQ
IEVXLUYEOI SJ 7S XLI IRXMVI FMSKISKVETL] SJ XLI 4EVO
LEW FIIR MRJPYIRGIH F] XLIWI GLERKIW ERH XLI GLERKI MW
WXMPP KSMRK SR %RSXLIV MQTSVXERX XSTSKVETLMGEP GLERKI XLEX
HIXIVQMRIW XLI FMSHMZIVWMX] ERH FMSIGSPSK] SJ (MFVY
7EMOLS[E 2EXMSREP 4EVO MW XLI LIEZ] WMPXEXMSR ERH QEWWMZI
VMZIV IVSWMSRW IZIV] ]IEV MR XLI QSRWSSR WIEWSR
8LI 4EVO MW WMXYEXIH MR XLI FIPX SJ XVSTMGEP QSRWSSR GPMQEXI[LIVI MX IRNS]W E XVSTMGEP WYQQIV [MXL QE\MQYQ SJ '
ERH GSSP HV] [MRXIV [MXL QMRMQYQ SJ '8LIERRYEPVEMRJEPP
VERKIW JVSQ QQ XS QQ ERH XLI VEMR] QSRXLW
EVI .YRI .YP] %YKYWX ERH 7ITXIQFIV SJ [LMGL .YRI .YP]
ERH %YKYWX EVI XLI LSXXIWX ERH (IGIQFIV ERH .ERYEV] EVI
XLI GSPHIWX SJ QSRXLW 8LI VIPEXMZI LYQMHMX] VERKIW FIX[IIR
'SRWIVZEXMSR ,MWXSV]
(IGPEVEXMSR SJ (MFVY 6IWIVZI *SVIWX
WX EHHMXMSR SJ EVIE XS XLI (MFVY 6IWIVZI *SVIWX
( I G PE V EX M SR S J 7 E MO L S[ E 6 I WI V ZI * S VI W X
4VIPMQMREV] RSXMJMGEXMSR
&MVHW SJ (MFVY7EMOLS[E &MSWTLIVI 6IWIVZI6%2.%2 /91%6 (%7 4SWX FS\ 2S 43 8MRWYOME
4MR GSHI %77%1 -2(-%)QEMP HEWCVERNER$VIHMJJQEMPGSQ 4LSRI
(IGPEVEXMSR SJ 7EMOLS[E 6IWIVZI *SVIWX *MREP
RSXMJMGEXMSR
RH EHHMXMSR SJ EVIE XS XLI (MFVY 6IWIVZI *SVIWX
(IGPEVEXMSR SJ (MFVY7EMOLS[E ;MPH 0MJI 7ERGXYEV]
F] XLI MRGPYWMSR SJ (MFVY ERH 7EMOLS[E 6IWIVZI
*SVIWX ERH WSQI SXLIV EHNSMRMRK EVIEW 8SXEP EVIE
WUOQ4VIPMQMREV]RSXMJMGEXMSR
(IGPEVEXMSR SJ (MFVY7EMOLS[E ;MPH 0MJI 7ERGXYEV]
*MREP RSXMJMGEXMSR %VIE WUOQ
(IGPEVEXMSR SJ (MFVY7EMOLS[E &MSWTLIVI 6IWIVZI
%VIE WUOQ'SVI ^SRIEVIE WUOQ
ERH &YJJIV >SRI EVIE WUOQ
(IGPEVEXMSR SJ XLI IRXMVI WUOQ %VIE SJ XLI
;MPH 0MJI 7ERGXYEV] EW (MFVY7EMOLS[E 2EXMSREP
4EVO
3FNIGXMZIW SJ XLI 7XYH]
8LI LEFMXEXW SJ (MFVY7EMOLS[E EVI RSX SRP] IGSPSKMGEPP]
MQTSVXERX FYX EPWS WLIPXIV XLI IRHIQMG FMVHW SJ %WWEQ EVIE
[ MX L X LI W T IG M IW P M OI & PE GO FV IE W XI H 4 E VV S X & MP P
4EVEHS\SVRMW JPEZMVSWXVMW 1EVWL &EFFPIV 4IPPSVRIYQ
TEPYWXVI ERH EPWS XLI 1ERMTYV &YWL 5YEMP 4IVHMGYPE
QERMTYVIRMW 8LIWI EVI XLI SRP] XLVII WTIGMIW MHIRXMJMIH
F] &2,7 MR XLIMV -QTSVXERX &MVH %VIEW -&% TVSKVEQQI JSV
XLI %WWEQ EVIE EW E TEVX SJ XLI )RHIQMG &MVH %VIEW SJ
-RHME 8LI WYVZI] TVSTSWIW XS GSRGIRXVEXI SR XLI FMVHW SJ
(MFVY7EMOLS[E 2EXMSREP 4EVO XS TVITEVI ER YTXSHEXI
GLIGOPMWX [LMGL MW XLI YVKIRX RIIH SJ XLI LSYV XS QSRMXSV
XLI VMGL FMVH HMZIVWMX] SJ XLMW &MSWTLIVI 6IWIVZI XLEX MW LEZMRK
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2I[WPIXXIV JSV &MVH[EXGLIVW
E WIVMSYW XLVIEX SJ ERXLVSTSKIRMG TVIWWYVI 8LSYKL HIGPMRMRK
MR RYQFIVW TVIWIRGI SJ EX PIEWX WTIGMIW SJ KPSFEPP]
XLVIEXIRIH FMVHW MR XLI TEVO GSYPH FI GSRJMVQIH
1IXLSHSPSK]
8LIVI [IVI JSYV WXEKIW MR XLMW JMIPH [SVO [LMGL MRGPYHI
E 4VIJMIPH WXEKI GSRWMWXW SJ GSPPIGXMSR SJ HEXE JVSQ ZEVMSYW
GLIGOPMWXW XVMT PMWX ERH JVSQ XLI VIZMI[ SJ TVIZMSYW
PMXIVEXYVI
F *MIPH WXEKI GSRWMWXW SJ W]WXIQEXMG GSPPIGXMSR SJ TVMQEV]
HEXE MR XLI JMIPH ERH FSXL XLI PMRI XVERWEGX ERH TSMRX
XVERWIGX QIXLSHW [IVI EHSTXIH [LMGL [IVI HSRI SR E
VIKYPEV FEWMW MI EX PIEWX X[MGI E QSRXL JSV XLI PEWX
XLVII ]IEVW
G )\XIRWMZI WXMPP TLSXSKVETL] [EW HSRI F] XLI EYXLSV
LMQWIPJ YWMRK XIPITLSXS PIRWIW ERH QSVI XLER WTIGMIW SJ FMVHW LEZI FIIR TLSXSKVETLIH XMPP HEXI
H *MREPP] FEWIH SR EPP XLIWI JMIPH [SVOW ERH GVMXMGEP
EREP]WMW SJ XLI TVIZMSYW HEXE ERH PMXIVEXYVI XLI GLIGOPMWX
[EW TVITEVIH
0MQMXEXMSRW SJ XLI 7YVZI]
8LI PMQMXEXMSRW SJ XLMW JMIPH[SVO QE] FI SYXPMRIH EW JSPPS[W
M 7IGSRHEV] HEXE EVI RSX WYJJMGMIRXP] EZEMPEFPI
MM *PSSH MW E WIVMSYW LE^EVH MR (MFVY7EMOLS[E 2EXMSREP
4EVO JSV ER] WGMIRXMJMG JMIPH WXYH] ,IRGI XLI GSPPIGXMSR
SJ HEXE HYVMRK XLI VEMR] WIEWSR [EW E ZIV] HMJJMGYPX XEWO
MMM 8LI ZMWMFMPMX] MW ERSXLIV TVSFPIQ JSV HEXE GSPPIGXMSR HYIXS XEPP ERH HIRWI KVEWWPERH MR XLI JMIPH[SVO ,IRGI
VIPMERGI SR FMVH GEPPW ERH XLI EGGYVEXI MHIRXMJMGEXMSR
[EW ZIV] QYGL IWWIRXMEP JSV HEXE GSPPIGXMSR
MZ 1SVISZIV XLIVI EVI WSQI SXLIV TVSFPIQW PMOI MRGPIQIRX
[IEXLIV XLVIEX SJ [MPH ERMQEPW PMOI [MPH FYJJEPSW [MPH
IPITLERXW ERH LMRHVERGIW TSWIH F] RYQIVSYW REPELW
WXVIEQW ERH [IXPERHW MRWMHI XLI TEVO HYVMRK VEMR]
WIEWSR
,EFMXEX 'LEVEGXIVMWXMGW
(YI XS VIKYPEV JPSSH ERH [EXIV PSKKMRK IZIVKVIIR WTIGMIW
WYGL EW (MTXIVSGEVTYW QEGVSGEVTYW ERH 1IWYE JIVVIE
KVEHYEPP] KEZI [E] XS HIGMHYSYW WTIGMIW WYGL EW &MWGLSJME
NEZERMGEERH 0EKIVWXVSIQME JPSWVIKMREI 'LSYHLYV]
7SQI SJ XLI PEVKIWX WEPM\W[EQTW SJ RSVXLIEWX -RHME EVI
JSYRH MR XLMW TEVO 7SQI SXLIV GLEVEGXIVMWXMG XVII WTIGMIW
EV I (MPPIRME MRHMGE 7EPM\ XIXVEWTIVQE ER H 8IVQMREPME
Q]VMSGEVTE 8LI GLEVEGXIVMWXMG JIEXYVIW SJ KVEWWPERHW SJ XLMW
FMSWTLIVI VIWIVZI EVI XLEX MX MW LIEZMP] WMPXIH EW [IPP EW
I V S H I H E J X I V I Z I V ] J P S S H I H W I E W S R 7 S E P S R K [ M X L
ERXLVSTSKIRMG TVIWWYVI XLI REXYVEP MQTEGX SJ JPSSH MW ZIV]
MRXIRWI ERH XLI MRXIRWMX] MW KVEHYEPP] MRGVIEWMRK ]IEV EJXIV
]IEV 8LI KVEWWPERH ERH VIIH FIHW EVI GSZIVIH [MXL XEPP
IPITLERXKVEWW ERH XLI X]TI MW SJ XVSTMGEP KVEWWPERH [LIVI
XLI QEMR KVEWW WTIGMIW EVI 7IEGLEVYR WTSXERIYQ %VYRHS
HSRE\ ']RSHSR HEGX]PSR -RTIVEXE G]PMRHVMGEP 4LVEKQMXIW
OEVOE )VMERXLYW VEZIRREI :IXMZIVME ^M^ERMSMHIW 8EQEVM\
HMSGE IXG %FSYX XL SJ XLI EVIE MW GSZIVIH [MXL [IXPERHW
[LIVI VIWMHIRXMEP EW [IPP EW QMKVEXSV] [EXIV JS[P GSRKVIKEXIWIEWSREPP] 8LIVIJSVI EW E [LSPI XLI ZIKIXEXMSR X]TI SJ
(MFVY7EMOLS[E MW SJ XVSTMGEP QSMWX HIGMHYSYW JSVIWX [LIVI
XLIVI EVI WSQI TSGOIXW SJ XVSTMGEP IZIVKVIIR JSVIWX
'SRWIVZEXMSR 4VSFPIQW
8LIVI EVI X[S JSVIWX ZMPPEKIW *: MRWMHI XLI REXMSREP TEVO
[MXL XLIMV WGEXXIVIH LEQPIXW [LIVI EX PIEWX IMKLX XLSYWERH
TISTPI PMZI 8LI REQIW SJ XLI ZMPPEKIW EVI 0EMOE ERH (EHLME
ERH EPSRK [MXL XLIWI JSVIWX ZMPPEKIW XLI JVMRKI ZMPPEKIW REQIP]
(MKLEPXEVERK &EKLNER 1SXETYRK 2EXYRKESR /EMXME 0EMRE
ERH ,EXMKLYPM HS PSX SJ XMQFIV WQYKKPMRK 1SVISZIV 0EMOE
ERH (EHLME EVI IRGVSEGLMRK YTSR PEVKI EVIEW EHNEGIRX XS
XLIQ JSV EKVMGYPXYVEP EGXMZMXMIW ERH ERMQEP VIEVMRK
8LIVI EVI QSVI XLER LYRHVIHW SJ /LYXMIWGEXXPI ERH FYJJEPS
GEQTW WTVIEH SZIV XLI REXMSREP TEVO 8LI ETTVS\MQEXI
TSTYPEXMSR SJ GEXXPI ERH FYJJEPS MW QSVI XLER ERH
VIWTIGXMZIP] 'LSYHLYV] 1SVI SZIV XLI JSVIWX ZMPPEKIVW
ERH TISTPI JVSQ EHNEGIRX ZMPPEKIW HS VIKYPEV JMWLMRK MRWMHI
XLI REXMSREP TEVO 8LI] EPWS YWI TSMWSR PMOI (MIPHVMR 8LMSHER
IXG MR [MRXIV HYI XS [LMGL XLI RYQFIV SJ [IXPERH FMVHW ERH
VETXSVW WIIQ XS FI HIGVIEWMRK ]IEV EJXIV ]IEV %W EPVIEH]
QIRXMSRIH EFSZI ERRYEP JPSSHW ERH IVSWMSR F] VMZIVW ERH
GLERRIPW EVI QENSV REXYVEP LE^EVHW JSV XLMW REXMSREP TEVO
7YKKIWXMSRW %HIUYEXI TVSXIGXMSR SJ I\MWXMRK LEFMXEX WLSYPH FI EWWYVIH
8LI KVEWWPERHW EVI EPWS XLI FVIIHMRK KVSYRH JSV &PEGO
FVIEWXIH TEVVSXFMPP 4EVEHS\SVRMW JPEZMVSWXVMW EPSRK [MXL
WSQI SXLIV MQTSVXERX KVEWWPERH WTIGMIW % HIXEMPIH WYVZI]
SJ FMVHW SJ (MFVY7EMOLS[E &MSWTLIVI 6IWIVZI [MXL XLI LIPT
SJ XETIH ZSMGI TPE]FEGO WLSYPH FI XLI MRMXMEP WXEKI JSV
MHIRXMJMGEXMSR GSRWIVZEXMSR ERH QEREKIQIRX SJ XLI REXMSREP
TEVO
-QQIHMEXI QIEWYVIW WLSYPH FI XEOIR XS VIQSZI EPP MPPIKEP
GEXXPI ERH FYJJEPS JEVQ JVSQ XLMW 2EXMSREP 4EVO +VE^MRK WLSYPH
FI WXSTTIH EX ER] GSWX JVSQ XLI RIEVF] ZMPPEKIW EW [IPP EW
XLI JSVIWX ZMPPEKIW WLSYPH FI VILEFMPMXEXIH SYXWMHI XLMW 2EXMSREP
4EVO 8LIVI QYWX FI WSQI E[EVIRIWW TVSKVEQQI MR ERH
EVSYRH XLI ZMPPEKIW IRKEKMRK XLI PSGEP TISTPI ERH TVSTIV
QSRMXSVMRK WLSYPH FI XLIVI JSV XLI VMKLX MQTPIQIRXEXMSR SJ
QER ERH FMSWTLIVI TVSKVEQQI
%R %RRSXEXIH GLIGOPMWX SJ XLI &MVHW SJ (MFVY
7EMOLS[E 2EXMSREP 4EVO
8LI JSPPS[MRK GLIGOPMWX MRGPYHIW EPP WTIGMIW ORS[R F]
XLI EYXLSVW XS LEZI FIIR VIPMEFP] VIGSVHIH [MXLMR XLI PMQMXW
SJ XLI 4EVO FSYRHEV] YT XS 1E]
8LI JSPPS[MRK EFFVIZMEXMSRW LEZI FIIR YWIH JSV WTIGMIW
WXEXYW W]QFSPW
8/6/2019 Jan-Feb 2006
8/16
2I[WPIXXIV JSV &MVH[EXGLIVW
&6 ! &VIIHMRK 6IWMHIRX 6 ! 6IWMHIRX
; ! ;MRXIV ZMWMXSV 4 ! 4EWWEKI QMKVERX
0 ! 0SGEP EPXMXYHMREP QMKVERX ' ! 'SQQSR
7 Q ! 7YQQIV QMKVERX 9 ! 9RGSQQSR7 ! 7XVE] SV :EKVERX 3 ! 3GGEWMSREP
# ! 0EGO SJ HIJMRMXI MRJSVQEXMSR
,EFMXEX
% ! %IVMEP
( ! (MWXVMFYXIH EVIEW MRGPYHMRK GYPXMZEXMSR
+ ! +VEWWPERH
3% ! 3TIR EVIEW
7) ! 7IQMIZIVKVIIR JSVIWX
; 8 ! ;EXIV FSHMIW MRGPYHMRK VMZIVW
7* ! 7[EQT JSVIWX ERH VMTEVMER [SSHPERH
8LVIEX GEXIKSV] EGGSVHMRK XS &MVHPMJI -RXIVREXMSREP LEW
FIIR KMZIR EW FIPS[)2 ! )RHERKIVIH :9 ! :YPRIVEFPI
(( ! (EXE HIJMGMIRX 28 ! 2IEV XLVIEXIRIH
66 ! 6IWXVMGXIH VERKI
8LI GSQQSR )RKPMWL ERH WGMIRXMJMG REQIW EVI JSPPS[IH F]
WXEXYW W]QFSPW XLVIEX GEXIKSV] ERH X]TI SJ LEFMXEX
36()6 4SHMGMTIHMJSVQIW *%1-0= 4SHMGMTIHMHEI
+6)&)7
+6)%8 '6)78)( +6)&) 4SHMGITW GVMWXEXYW;' ;8
0-880) +6)&) 8EGL]FETXYW VYJMGSPPMW&60' ;8
36()6 4IPIGERMJSVQIW *%1-0= 4IPIGERMHEI
4)0-'%27
+6)%8 ;,-8) 4)0-'%2 4IPIGERYW SRSGVSXEPYW ;9;8
7438&-00)( 4)0-'%2 4IPIGERYW TLMPMTTIRWMW 60'
:9 ;8
36()6 4IPIGERMJSVQIW *%1-0= 4LEPEGVSGSVEGMHEI
'36136%287
+6)%8 '36136%28 4LEPEGVSGSVE\ GEVFS 0' ;8
-2(-%2 '36136%28 4LEPEGVSGSVE\ JYWGMGSPPMW 69 ;8 0-880) '36136%28 4LEPEGVSGSVE\ RMKIV &6' ;8
(%68)6 %RLMRKE QIPERSKEWXIV 6' 28 ;8
36()6 'MGSRMJSVQIW *%1-0= %VHIMHEI
,)6327)+6)87&-88)627
;,-8)&)00-)( ,)632 %VHIE MRWMKRMW03 )2 ;8
+6)= ,)632 %VHIE GMRIVIE6' ;8
49640) ,)632 %VHIE TYVTYVIE 6' ;8
0-880) ,)632 %VHISPE WXVMEXYW &6' ;8
-2(-%2 432( ,)632 %VHISPE KVE]MM 6' ;8
'%880) )+6)8 &YFYPGYW MFMW&6' (3%
0-880) )+6)8 )KVIXXE KEV^IXXE&6' ;8
&0%'/'63;2)( 2-+,8 ,)632 2]GXMGSVE\R]GXMGSVE\&6' ;8
+6)%8 )+6)8 %VHIE EPFE6' ;8 -28)61)(-%8) )+6)8 )KVIXXE MRXIVQIHME6' ;8
1%0%=%2 2-+,8 ,)632 +SVWEGLMYW QIPERSPSTLYW69 ;8 0-880) &-88)62 -\SFV]GLYW QMRYXYW 69 ;8(
'-22%132 &-88)62 -\SFV]GLYW GMRREQSQIYW6' ;8+ =)003; &-88)62 -\SFV]GLYW WMRIRWMW6' ;8+
&0%'/ &-88)62 -\SFV]GLYW JPEZMGSPPMW69 ;8+
36()6 'MGSRMJSVQIW *%1-0= 'MGSRMMHEI7836/7 %7-%2 34)2&-00 %REWXSQYW SWGMXERW &6' ;8
;3300=2)'/)( 7836/ 'MGSRME ITMWGSTYW 6' ;8 36-)28%0 7836/ 'MGSRME FS]GMERE ;3 ;8 &0%'/ 7836/ 'MGSRME RMKVE ;' ;87* &0%'/2)'/)( 7836/ )TLMTTMSVL]RGLYW EWMEXMGYW
609 28 ;8 +6)%8)6 %(.98%28 7836/ 0ITXSTXMPSW HYFMYW 09
)2 ;8( 0)77)6 %(.98%28 7836/ 0ITXSTXMPSW NEZERMGYW
60' :9 ;8
36()6 'MGSRMJSVQIW *%1-0= 8LVIWOMSVRMXLMHEI-&-7)7 74332&-00 +0377= -&-7 4PIKEHMW JEPGMRIPPYW 3 ;8
36()6 %RWIVMJSVQIW *%1-0= %REXMHEI(9'/7 %2(+))7)
+6)=0%+ +337) %RWIV ERWIV ;' ;8 &%6,)%()( +337) %RWIV MRHMGYW ;' ;8 *90:397 ;,-780-2+(9'/ (IRHVSG]KRE FMGSPSV
69 ;8
0)77)6 ;,-780-2+(9'/ (IRHVSG]KRE NEZERMGE&6' ;8(
69((= 7,)0(9'/ 8EHSVRE JIVVYKMRIE ;' ;8 '31132 7,)0(9'/ 8EHSVRE XEHSVRE ;9 ;8 2368,)62 4-28%-0 %REW EGYXE ;' ;8 7438&-00)( (9'/ %REW TSIGMPSVL]RGLE &6' ;8(
1%00%6( %REW TPEX]VL]RGLSW ;' ;8 +%6+%2)= %REW UYIVUYIHYPE;' 6IGSVHIHF]
1ERSN 2EMV ;8
+%(;%00 %REW WXVITIVE ;' ;8
*%0'%8)( 8)%0 %REW JEPGEXE ;3 ;8 ;-+)32 %REW TIRIPSTI ;' ;8 2368,)62 7,3:)0)6 %REW GP]TIEXE ;' ;8 6)('6)78)( 43',%6( 2IXXE VYJMRE ;9 ;8 '31132 8)%0 %REW GVIGGE 6' ;8
'31132 43',%6( %]XL]E JIVMRE ;' ;8 *)669+-2397 43',%6( %]XL]E R]VSGE ;9 28 ;8 &%)6 743',%6(%]XL]E FEIVM ;9 :9 ;8 89*8)( (9'/ %]XL]E JYPMKYPE ;' ;8 '38832 4=+1=+337) 2IXXETYW GSVSQERHIPMERYW
60' ;8 '31132 1)6+%27)6 1IVKYW QIVKERWIV ;9 ;8 ;,-8);-2+)( (9'/ 'EMVMRE WGYXYPEXE &63 )2 7*
36()6 *EPGSRMJSVQIW *%1-0= %GGMTMXVMHEI
,%;/7 )%+0)7 :90896)7 IXG &0%'/7,390()6)( /-8) )PERYW GEIVYPIYW &6'
3%+ &0%'/ &%>% %ZMGIHE PIYTLSXIW 60' 7)3% 36-)28%0 ,32)=&9>>%6( 4IVRMW TXMPSVL]RGYW 60
3%+
'31132 &9>>%6( &YXIS FYXIS 3 3% &0%'/ /-8) 1MPZYW QMKVERW KSZMRHE 6' 3% 7,-/6% %GGMTMXIV FEHMYW 6' 3% % )96%7-%2 74%663; ,%;/ %GGMTMXIV RMWYW 60'
3%+ ',%2+)%&0) ,%;/)%+0) 7TM^EIXYW GMVVLEXYW
&6' ;8 &32)00- 7)%+0),MIVEEIXYW JEWGMEXYW # 3
&338)( )%+0) ,MIVEEIXYW TIRREXYW 6;9 3%
8/6/2019 Jan-Feb 2006
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2I[WPIXXIV JSV &MVH[EXGLIVW
+6)%8)674388)()%+0) %UYMPE GPERKE ;6' :9;83%
4%00%7 7*-7,)%+0),EPMEIIXYW PIYGSV]TLYW
;60' :9 ;83% +6)=,)%()( *-7, )%+0) -GLXL]STLEKE MGLXL]EIXYW&6' 28 ;8
0)77)6 *-7, )%+0) -GLXL]STLEKE LYQMPMW # 3 6)(,)%()( :90896) 7EVGSK]TW GEPZYW 69 28 3% ,-1%0%=%2 +6-**32 +]TW LMQEPE]IRWMW ;' 3%( 7* ;,-8)&%'/)( :90896) +]TW FIRKEPIRWMW &6'
'6 3% ( 7* 032+&-00)( :90896) +]TW MRHMGYW &6' '6 3%
( 7* ,)2 ,%66-)6 'MVGYW G]ERIYW ;9 +3% 4%0)36 4%00-( ,%66-)6 'MVGYW QEGVSYVYW;9 28 +3% 4-)( ,%66-)6 'MVGYW QIPERSPIYGSW 1;' +3%;8 1%67, ,%66-)6 'MVGYW EIVYKMRSWYW ;' +3%;8 '6)78)( 7)64)28 )%+0) 7TMPSVRMW GLIIPE &6'
+3%;8 &0%'/ )%+0) -GXMREIXYW QEPE]IRWMW 69 6IGSVHIH
F] 1ERSN 2EMV 3%
36()6 *EPGSRMJSVQIW *%1-0= 4ERHMSRMHEI 3746)= 4ERHMSR LEPMEIXYW 6;' ;8
36()6 *EPGSRMJSVQIW *%1-0= *EPGSRMHEI*%0'327
4-)( *%0'32)8 1MGVSLMIVE\ QIPERSPIYGSW 69 + 3% 7* 4)6)+6-2) *%0'32 *EPGS TIVIKVMRYW NETSRIRWMW
;9 + 3% 7* 36-)28%0 ,3&&= *EPGS WIZIVYW 9 + 3% 7* '31132 /)786)0 *EPGS XMRRYRGYPYW ;' + 3% %196 *%0'32 *EPGS %QYVIRWMW;' 6IGSVHIH F]
1ERSN 2EMV + 3% )96%7-%2 ,3&&= *EPIS 7YFFYXIS;9 6IGSVHIH F]
1ERSN 2EMV 3%
36()6 +EPPMJSVQIW *%1-0= 4LEWMERMHEI4,)%7%287 4%686-(+)7 59%-07 &0%'/ *6%2'30-2 *VERGSPMRYW JVERGSPMRYW &6' + 7;%14 *6%2'30-2 *VERGSPMRYW KYPEVMW&6' :9 + 1%2-496 &97, 59%-0 4IVHMGYPE QERMTYVIRWMW3 # :9 + /%0)). 4,)%7%28 0STLYVE PIYGSQIPERSW PEXLEQM
&6' + 7* 6)( .92+0)*3;0 +EPPYW KEPPYW &6' 7*
36()6 +VYMJSVQIW *%1-0= 8YVRMGMHEI
&98832 59%-07 36 &978%6( 59%-07 =)003; 0)++)( &98832 59%-0 8YVRM\ XEROM6;' +
36()6 +VYMJSVQIW *%1-0= +VYMHEI'6%2)7
'31132 '6%2) +VYW KVYW 3 3% ;8 7%697 '6%2) +VYW ERXMKSRI 3 # :9 3%
36()6 +VYMJSVQIW *%1-0= 6EPPMHEI6%-07 '6%/)7 '3387
;,-8)&6)%78)( ;%8)6,)2 %QEYVSVRMWTLSIRMGYVYW &6' + ;8
;%8)6'3'/ +EPPMGVI\ GMRIVIE 69 + ;8 '31132 1336,)2 +EPPMRYPE GLPSVSTYW &6' ;8 49640) 7;%14,)2 4SVTL]VMS TSVTL]VMS &6' ;8 '31132 '338 *YPMGE EXVE ;6' ;8
36()6 +VYRMJSVQIW *%1-0= ,IPMSVRMXLMHEI 1%7/)( *-2*338 ,IPMSTEMW TIVWSREXE 3 # :9
6IGSVHIH F] &EOIV .YP] EX (MKLEPXEVERK RIEV
(MFVY 7EMOLS[E 24 ;8 7*36()6 +VYMJSVQIW *%1-0= 3XMHMHEI
&978%6(7
&)2+%0 *036-'%2 )YTSHSXMW FIRKEPIRWMW &69 )2 +
36()6 'LEVEHVMMJSVQIW *%1-0= .EGERMHEI
.%'%2%7
4,)%7%28 8%-0)( .%'%2% ,]HVSTLEWMERYWGLMVYVKYW &6' ;8
&632>);-2+)( .%'%2% 1IXSTMHMYW MRHMGYW &6' ;8
36()6 'LEVEHVMMJSVQIW *%1-0= 6IGYVZMVSWXVMHEI
78-087
&0%'/;-2+)( 78-08 ,MQERXSTYW LMQERXSTYW ;3 ;8
36()6 'LEVEHVMMJSVQIW *%1-0= 'LEVEHVMMREI403:)67 7%2(4-4)67 72-4)
2368,)62 0%4;-2+ :ERIPPYW ZERIPPYW ;' ;8
+6)=,)%()( 0%4;-2+ :ERIPPYW GMRIVIYW;' ;8 3%
6)(;%880)( 0%4;-2+ :ERIPPYW MRHMGYW &6' +3% ;8
6-:)6 0%4;-2+ :ERIPPYW WTMRSWYW 69 ;8
4%'-*-' +30()2 403:)6 4PYZMEPMW JYPZE ;' ;8
)9634)%2 +30()2 403:)6 4PYZMEPMW ETVMGEVME ;93% ;8
6IGSVHIH F] 6ERNER (EW 7LEROEV (EW SR
0-880) 6-2+ 403:)6 'LEVEHVMYW HYFMYW ;' ;8
/)28-7, 403:)6 'LEVEHVMYW EPI\ERHVMRYW ;9 ;8
0)77)6 7%2( 403:)6 'LEVEHVMYW QSRKSPYW;47 ;8
)96%7-%2 '960); 2YQIRMYW EVUYEXE ;47 ;8 74388)( 6)(7,%2/ 8VMRKE IV]XLVSTYW ;' ;8
1%67, 7%2(4-4)6 8VMRKE WXEKREXMPMW ;' ;8 '31132 +6))27,%2/ 8VMRKE RIFYPEVME ;' ;8
+6))2 7%2(4-4)6 8VMRKE SGLVSTYW ;9 ;8 ;33( 7%2(4-4)6 8VMRKE KPEVISPE ;' ;8
236(1%22 7+6))27,%2/8VMRKE KYXXMJIV ;9 )2;8
'31132 7%2(4-4)6 8VMRKE L]TSPIYGSW ;' ;8
4-28%-0 72-4) +EPPMREKS WXIRYVE ;9 ;8 3%
*%28%-0 72-4) +EPPMREKS KEPPMREKS ;' ;8 3%
.%'/ 72-4) 0]QRSGV]TXIW QMRMQYW ;9 6IGSVHIHF]
6ERNER + 3% ;8
(EW 7ERNE] (EW (EXI
8)11-2'/ 778-28'EPMHVMW XIQQMRGOMM ;' ;8
032+83)( 78-28 'EPMHVMW WY FQMRYXE ;9 ;8
;,-1&6)0 2YQIRMYW TLEISTYW ;9 6IGSVHIH F]1ERSN 2EMV ;8
&%6 8%-0)(+3(;-80MQSWE PETTSRMGE;9 6IGSVHIH F] 6ERNER /V (EW 7ERNE] (EW (EXI
;8
36()6 'LEVEHVMMJSVQIW *%1-0= &YVLMRMHEI
8,-'//2))
)96%7-%2 8,-'//2)) 7832) '960); &YVLMRYW
SIHMGRIQYW 3 6IGSVHIH F] 7ERNE] (EW (EXI
;8
36()6 'LEVEHVMMJSVQIW *%1-0= +PEVISPMHEI
46%8-2'30)7 36 7;%003;403:)67
71%00 46%8-2'30) +PEVISPE PEGXIE 60' ;8
8/6/2019 Jan-Feb 2006
10/16
2I[WPIXXIV JSV &MVH[EXGLIVW
36()6 'LEVEHVMMJSVQIW *%1-0= 0EVMHEI
+9007 8)627
4%00%7 7+9000EVYW MGLXL]EIXYW ;49 ;8
&63;2 ,)%()( +900 0EVYW FVYRRMGITLEPYW ;' ;8 &0%'/,)%()( +900 0EVYW VMHMFYRHYW ;' ;8
;,-7/)6)( 8)62 'LPMHSRMEW L]FVMHYW 6;9 ;8
6-:)6 8)62 7XIVRE EYVERXME 6' ;8
&0%'/&)00-)( 8)62 7XIVRE EGYXMGEYHE 69 28 ;8
36()6 'SPYQFMJSVQIW *%1-0= 'SPYQFMHEI
4-+)327 (3:)7
8,-'/&-00)( +6))2 4-+)32 8VIVSR GYVZMVSWXVE 6'7*
4314%(396 +6))2 4-+)32 8VIVSR TSQTEHSVE 37*
=)003;0)++)( +6))2 4-+)32 8VIVSRTLSIRMGSTXIVE 6' 7*
+6))2 -14)6-%0 4-+)32 (YGYPE EIRIE&6' 7*
4%0)'%44)( 4-+)32 'SPYQFE TYRMGIE 3 :9 7* )96%7-%2 '300%6)( (3:) 7XVITXSTIPME HIGESGXS
69 7*
6)( '300%6)( (3:) 7XVITXSTIPME XVERUYIFEVMGE
6' 3% 7*
74388)( (3:) 7XVITXSTIPME GLMRIRWMW &6' 3% 7*
)1)6%0( (3:) 'LEPGSTLETW MRHMGE &6' 7*
36-)28%0 89680) (3:) 7XVITXSTIPME SVMIRXEPMW&6 '7* 3%
36()6 'SPYQFMJSVQIW *%1-0= 4WMXXEGMHEI
4%66387
%0)
8/6/2019 Jan-Feb 2006
11/16
2I[WPIXXIV JSV &MVH[EXGLIVW
36()6 'SVEGMMJSVQIW *%1-0= &YGIVSXMHEI
,362&-007 6'
+6)%8 4-)( ,362&-00 &YGIVSW FMGSVRMW &69 28 7*
36-)28%0 4-)( ,362&-00 %RXLVEGSGIVSWQEPEFEVMGYW &6' 7*
36()6 4MGMJSVQIW *%1-0= 'ETMXSRMHEI
&%6&)87
0-2)%8)( &%6&)8 1IKEPEMQE PMRIEXE &6' 7*
&09) 8,63%8)( &%6&)8 1IKEPEMQE EWMEXMGE&6' 7*
'344)671-8, 1IKEPEMQE LEIQEGITLEPE&6' 7*
36()6 4MGMJSVQIW *%1-0= 4MGMHEI
4-'90)87 ;33(4)'/)67
74)'/0)( 4-'90)8 4MGYQRYW MRRSQMREXYW 6' 7*
;,-8)&63;)( 4-'90)8 7EWME SGLVEGIE 6' 7*
69*397 ;33(4)'/)6 1MGVSTXIVRYW FVEGL]YVYW
&6' 7* 786)%/8,63%8)( ;33(4)'/)6 4MGYW
Q]VQIGSTLSRIYW &6' 7*
+6)=,)%()( ;33(4)'/)6 4MGYW GERYW 69 7*
+6)%8)6 =)003;2%4) 4MGYW JPEZMRYGLE &6' 7*
0)77)6 =)003;2%4) 4MGYW GLPSVSPSTLYW &6' 7*
,-1%0%=%2 *0%1)&%'/ (MRSTMYQ WLSVMM 69 7*
'31132 *0%1)&%'/ (MRSTMYQ NEZERIRWI 69 7*
*90:397&6)%78)( 4-)( ;33(4)'/)6 4MGSMHIW
QEGIM 6' 7*
786-4)&6)%78)( 4-)( ;33(4)'/)6
(IRHVSGSTSW EXVEXYW &69 7*
+6)%8)6 *0%1)&%'/ 'LV]WSGSPETXIW PYGMHYW &6' 7*
+6)= '%44)(4=+1=;33( 4)'/)6
(IRHVSGSTYW GEMRGETMPPPYW 69 6IGSVHIH F] 1ERSN2EMV 7*
36()6 4EWWIVMJSVQIW *%1-0= %PEYHMHEI
0%6/7
%7,='63;2)( 74%663; 0%6/ )VIQSTXIVM\ KVMWIE
6' 3%+
69*397;-2+)( &97, 0%6/ 1MVEJVE EWWEQMGE 6'
3%+
7%2( 0%6/ 'EPERHVIPPE VE]XEP 69 3% +
71%00 7/=0%6/ %PEYHE KYPKYPE 6;0' 3% +
36()6 4EWWIVMJSVQIW *%1-0= ,MVYRHMRMHEI
7;%003;7
'300%6)( 7%2( 1%68-2 6MTEVME VMTEVME 603 % ;8 40%-2 1%68-2 6MTEVME TEPYHMGSPE 60' % ;8
&%62 7;%003; ,MVYRHS VYWXMGE 0' % ;8
36()6 4EWWIVMJSVQIW *%1-0= 0ERMMHEI
7,6-/)7
032+8%-0)( 7,6-/) 0ERMYW WGLEGL ;' 3% 7* +
+6)=&%'/)( 7,6-/) 0ERMYW XITLVSRSXYW ;' 3%
7* +
&63;2 7,6-/) 0ERMYW GVMWXEXYW ;' 3% 7* +
36()6 4EWWIVMJSVQIW *%1-0= 3VMSPMHEI
36-30)7
&0%'/,33()( 36-30) 3VMSPYW \ERXLSVRYW &6' 7*
1%6332 36-30) 3VMSPYW XVEMPPMM 9 7*
36()6 4EWWIVMJSVQIW *%1-0= (MGVYVMHEI
(632+37 &0%'/ (632+3 (MGVYVYW EHWMQMPMW &6' 3% 7* +
%7,= (632+3 (MGVYVYW PIYGSTLEIYW 6;' 3% 7* &632>)( (632+3 (MGVYVYW EIRIYW 0;' 3% 7*
74%2+0)( (632+3 (MGVYVYW LSXXIRXSXXYW 6' 7* 0)77)6 6%'/)88%-0)( (632+3 (MGVYVYW VIQMJIV
&6' 7* +6)%8)6 6%'/)88%-0)( (632+3 (MGVYVYW
TEVEHMWIYW 6' 7*
36()6 4EWWIVMJSVQIW *%1-0= %VXEQMHEI
;33( 7;%003;7 %7,= ;33(7;%003; %VXEQYW JYWGYW &6' 3% +
36()6 4EWWIVMJSVQIW *%1-0= 7XYVRMHEI78%60-2+7 1=2%7
7438;-2+)( 78%60-2+ 7EVSKPSWWE WTMPSTXIVE ;' 7*
',)782988%-0)( 78%60-2+ 7XYVRYW QEPEFEVMGYW6' 3% 7*&6%,1-2= 78%60-2+ 7XYVRYW TEKSHEVYQ 7 7*
4-)( 1=2% 7XYVRYW GSRXVE &6' 7*'31132 1=2% %GVMHSXLIVIW XVMWXMW &6' 3% 7* +'31132 78%60-2+ 7XYVRYW ZYPKEVMW ;9 3% 7* +&%2/ 1=2% %GVMHSXLIVIW KMRKMRMERYW 7 3% 7*
.92+0) 1=2% %GVMHSXLIVIW JYWGYW &6' 3% 7* +;,-8):)28)( 1=2% %GVMHSXLIVIW NEZERMGYW &6'
3% 7* +,-00 1=2% +VEGYPE VIPMKMSWE &6' 7*
36()6 4EWWIVMJSVQIW *%1-0= 'SVZMHEI'63;7 1%+4-)7 .%=7 IXG
+6))2 1%+4-) 'MWWE GLMRIRWMW 69 7*
69*397 86))4-) (IRHVSGMXXE ZEKEFYRHE &6' 7*+6)= 86))4-) (IRHVSGMXXE JSVQSWEI 609 7*,397) '63; 'SVZYW WTPIRHIRW &6' 3%0%6+)&-00)( '63; 'SVZYW QEGVSVL]RGLSW &6'
3% 7*+
36()6 4EWWIVMJSVQIW *%1-0= 'EQTITLEKMHEI
'9'/337,6-/)7 1-2-:)87 IXG
&%6;-2+)( *0='%8',)6 7,6-/) ,IQMTYW TMGEXYW
09 7*0%6+) ; 33(7,6-/) 8ITLVSHSVRMW KYPEVMW 6 7*
'31132 ;33(7,6-/) 8ITLVSHSVRMW TSRHMGIVMERYW6' 7*
0%6+) '9'/337,6-/) 'SVEGMRE RSZEILSPPERHMEI
&6' 7*&0%'/;-2+)( '9'/337,6-/) 'SVEGMREQIPEWGLMWXSW 09 7*
7'%60)8 1-2-:)8 4IVMGVSGSXYW JPEQQIYW 6' 7*7,368&-00)( 1-2-:)8 4IVMGVSGSXYW FVIZMVSWXMW 0' 7*637= 1-2-:)8 4IVMGVSGSXYW VSWIYW 69 7*71%00 1-2-:)8 4IVMGVSGSXYW GMRREQSQIYW 69 7*&0%'/2%4)( 132%6', ,]TSXL]QMW E^YVIE 69 7*
36()6 4EWWIVMJSVQIW *%1-0= -VIRMHEI
-36%70)%*&-6(7'31132 -36% %IKMXLMRE XMTLME &6' 7*+30()2 *6328)( 0)%*&-6( 'LPSVSTWMW EYVMJVSRW
6' 7*
&09) ;-2+)(0)%*&-6('LPSVSTWMW GSGLMRGLMRIRWMW
69 7*
8/6/2019 Jan-Feb 2006
12/16
2I[WPIXXIV JSV &MVH[EXGLIVW
36%2+)&)00-)( 0)%*&-6( 'LPSVSTWMW LEVH[MGOMM
69 7*
36()6 4EWWIVMJSVQIW *%1-0= 4]GRSRSXMHEI
&90&907&0%'/'6)78)( =)003; &90&90 4]GRSRSXYW
QIPERMGXIVYW *PEZMZIRXVMW 6' 7*
6)(;,-7/)6)( &90&90 4]GRSRSXYW NSGSWYW &6'7* +
6)(:)28)( &90&90 4]GRSRSXYW GEJIV &6' 7* +
;,-8)8,63%8)( &90&90 'VMRKIV JPEZISPYW 60' 7*
%7,= &90&90 ,]TWMTIXIW JPEZEPYW 3 7*
&0%'/ &90&90 ,]TWMTIXIW QEHEKEWGEVMIRWMW ;' 7*
36()6 4EWWIVMJSVQIW *%1-0= 1YWGMGETMHEI
79&*%1-0= 8MQEPMMREI
&%&&0)67
49**8,63%8)( &%&&0)6 4IPPSVRIYQ VYJMGITW&6' 7*
1%67, 74388)( &%&&0)6 4IPPSVRIYQ TEPYWXVI&6' + 7*
%&&388 7&%&&0)68VMGLEWXSQE EFFSXXM63 6IGSVHIH
F] 6ERNER /V (EW 7ERNE] (EW (EXI + 7*
&9**&6)%78)( &%&&0)6 4IPPSVRIYQ XMGOIPPM 69 7*
;,-8)&63; )( 7'-1-8%6&%&&0)6 4SQEXSVLMRYW
WGLMWXMGITW 6' 7* +
6)(*6328)( &%&&0)6 7XEGL]VMW VYJMJVSRW 03 7*
+6)=8,63%8)( &%&&0)6 7XEGL]VMW RMKVMGITW 09 7*
786-4)( 8-8&%&&0)6 1EGVSRSYW KYPEVMW &6' 7*
',)78298'%44)( &%&&0)6 8MQEPME TMPIEXE &6' +
.)6(32 7&%&&0)6'LV]WSQQE EPXMVSWXVI &69 +
&0%'/ &6)%78)(4%6638&-00 4EVEHS\SVRMW
JPEZMVSWXVMW &69 66:9 +
786-%8)( &%&&0)6 8YVHSMHIW IEVPIM &69 7* + )=) &63;)( ;6)2 &%&&0)6 2ETSXLIVE ITMPITMHSXE
69 6IGSVHIH F] 7ERNE] (EW (EXI +
0)77)6 2)'/0%')( 0%9+,-2+8,697, +EVVYPE\
QSRMPIKIV 6' 7*
69*3972)'/)( 0%9+,-2+8,697, +EVVYPE\
VYJMGSPPMW &6' 7*
+6)%8)6 2)'/0%')( 0%9+,-2+8,697, +EVVYPE\
TIGXSVEPMW 6' 7*
; ,-8)&)00-)( =9,-2% =YLMRE ^ERXLSPIYGE ;9 7*
2)4%0 *90:)88% %PGMTTI RMTEPIRWMW ;9 7*
36()6 4EWWIVMJSVQIW *%1-0= 1YWGMGETMHEI
79&*%1-0= 1YWGMGETMREI
*0='%8',)6 *)669+-2397 *0='%8',)6 1YWGMGETE JIVVYKMRIE
6' 7*
6)(8,63%8)( *0='%8',)6 1YWGMGETE TEVZE;'7*
70%8=&09) *0='%8',)6 1YWGMGETE PIYGSQIPERYVE
;' 7*
7%44,-6) *0='%8',)6 1YWGMGETE WETTLMVE09 7*
0-880) 4-)( *0='%8',)6 1YWGMGETE [IWXIVQERRM0'
6IGSVHIH F] 6ERNER /V (EW 7*
0%6+) 2-08%:% 1YWGMGETE KVERHMW;' 7*
71%00 2-08%:% 1YWGMGETE QEGKVMKSVMEI ;' 7*
69*397&)00-)( 2-08%:% 1YWGMGETE WYRHEVE 0' 7*
4%0)',-22)( *0='%8',)6 1YWGMGETE TSPMSKIR]W
69 7*
:)6(-8)6 *0='%8',)6 1YWGMGETE XLEPEWWMRE;' 7*
+6)=,)%()( '%2%6= *0='%8',)6 'YPMGMGETEGI]PSRIRWMW ;' 7*
;,-8) 8,63%8)( *%28%-0 *0='%8',)6 6LMTMHYVEEPFMGSPPMW 69 7*
36()6 4EWWIVMJSVQIW *%1-0= 1YWGMGETMHEI
79&*%1-0= 7]PZMMREI
;%6&0)67
70%8=&)00-)( 8)7-% 8IWME SPMZME 0' +
4%0)*338)( &97, ;%6&0)6 'IXXME TEPPMHMTIW;3+
&63;2-7,*0%2/)( &97, ;%6&0)6 'IXXME JSVXMTIW
;9 +
',)78298 '63;2)( &97, ;%6&0)6 'IXXME QENSV
609 +
%&)66%28 &97, ;%6&0)6 'IXXME JPEZSPMZEGIE 0' +
+6)=7-()( &97, ;%6&0)6 'IXXME FVYRRMJVSRW ;9 +
74388)( &97, ;%6&0)6 &VEH]TXIVYW XLSVEGMGYW
;9 +
',-2)7) &97, ;%6&0)6 &VEH]TXIVYW XEGWERS[WOMYW
;9 6IGSVHIH F] 6ERNER /V (EW (EXI +
>-88-2+ '-78-'30% 'MWXMGSPE NYRGMHMW 6' + 3%
40%-2 46-2-% 4VMRME WYFJPEZE 6' +
=)003;&)00-)( 46-2-% 4VMRME JPEZMZIRXVMW 6' +
+6)=&6)%78)( 46- 2-% 4VMRME LSHKWSRMM 3 ++6%')*90 46-2-% 4VMRME KVEGMPMW 69 +
69*397:)28)( 46-2-% 4VMRME FYVRIWMM 69 28 +69*3976914)( +6%77&-6( +VEQMRMGSPE
FIRKEPIRWMW 69 + 1398%-2 8%-036 &-6( 3VXLSXSQYW GYGYPEXYW03 +
'31132 8%-036&-6( 3VXLSXSQYW WYXSVMYW &6' +7* 3%
786-%8)( +6%77&-6( 1IKEPYVYW TEPYWXVMW&6' +
8,-'/&-00)( ;%6&0)6 %GVSGITLEPYW EIHSR ;' +
'0%136397 6))( ;%6&0)6 %GVSGITLEPYW WXIRXSVIYW
;' 6IGSVHIH F] 6ERNER /V (EW (EXI +
&0%'/&63;)( 6))( ;%6&0)6 %GVSGITLEPYWFMWXVMKMGITW ;9 +
4%((=*-)0( ;%6&0)6 %GVSGITLEPYW EKVMGSPE ;' +
0)77)6 ;,-8)8,63%8 7]PZME GYVVYGE QMRYPE; 7#
8-'/)00 70)%*;%6&0)64L]PPSWGSTYW EJJMRMW ;'+ 7*
713/= ;-003; ;%6&0)6 4L]PPSWGSTYW JYPMKMZIRXIV
;9 7* +
(97/= 0)%* ;%6&0)6 4L]PPSWGSTYW JYWGEXYW ;'7* +
+6))2-7, 0)%* ;%6&0)6 4L]PPSWGSTYW XVSGLMPSMHIW;' 7*
)%78)62 '63;2)( 0)%* ;%6&0)6 4L]PPSWGSTYWGSVSREXYW ;3 7*
&0=8, 70)%*;%6&0)64L]PPSWGSTYW VIKYPSMHIW;' +=)003;:)28)( ;%6&0)6 4L]PPSWGSTYW GERXEXSV
;9 66 ++30()274)'8%'0)( ;%6&0)6 7IMGIVGYW FYVOMM
6;' 7*
+6)=,33()( ;%6&0)6 7IMGIVGYW \ERXLSWGLMWXSW
03 7* +
',)78298'63;2)( ;%6&0)6 7IMGIVGYW
GEWXERMGITW ;03 +
=)003;&)00-)( ;%6&0)6 %FVSWGSTYW WYTIVGMPMEVMW
609 +
8/6/2019 Jan-Feb 2006
13/16
2I[WPIXXIV JSV &MVH[EXGLIVW
&6-+,8 ,)%()('-78-'30%'MWXMGSPE I\MPMW69 6IGSVHIH F] 6ERNER /V (EW (EXI +
%7,= 46-2-% 4VMRME WSGMEPMW69 + ,91) 7;%6&0)64L]PPSWGSTYW LYQIM;9
6IGSVHIH F] 1ERSN 2EMV 7* +
36()6 4EWWIVMJSVQIW *%1-0= 1YWGMGETMHEI79&*%1-0= 8YVHMREI
8,697,)7 ',%87&09)8,63%8 )VMXLEGYW WZIGMGYW ;9 3%+,-1%0%=%2 69&=8,63%8 )VMXLEGYW TIGXSVEPMW ;3 +36-)28%0 1%+4-)63&-2 'STW]GLYW WEYPEVMW &6'
3% 7* +7,%1% 'STW]GLYW QEPEFEVMGYW &6' 7*&0%'/ 6)(78%68 4LSIRMGYVYW SGLVYVSW ; 7*(%96-%2 6)(78%68 4LSIRMGYVYW EYVSVIYW ;' 7*;,-8)8%-0)( &09) 63&-2 'MRGPMHMYQ PIYGYVYQ;3 7*7832)',%8 7E\MGSPE XSVUYEXE ;' + 3%
;,-8)8%-0)( 7832)',%8 7E\MGSPE PIYGYVE;9 # +.)6(32 7&97,',%8 7E\MGSPE NIVHSRM 69 7* ++6)= &97,',%8 7E\MGSPE JIVVIE ;9 +&09) ;,-780-2+8,697, 1]MSTLSRYW GEIVYPIYW 0'
3% 7* &0%'/&6)%78)( 8,697, 8YVHYW HMWWMQMPMW 3 7*6)(8,63%8)( 8,697, 8YVHYW VYJMGSPPMW VYJMGSPPMW
;9 7* 0)77)6 7,368;-2+ &VEGL]TXIV]\ PIYGSTLV]W;03
6IGSVHIH F] 7ERNE] (EW ERH 7EQYIP /PERWWSR7[IIHIR (EXI 7*
36()6 4EWWIVMJSVQIW *%1-0= 4EVMHEI8-87 36 8-81-')
7908%2 8-8 1IPERSGLPSVE WYPXERIE 09 7*
+6)%8 8-8 4EVYW QENSV &6' 7*
36()6 4EWWIVMJSVQIW *%1-0= 7MXXMHEI298,%8',)7'6))4)67',)78298&)00-)( 298,%8', 7MXXE GEWXERIE 6' 7*:)0:)8*6328)( 298,%8', 7MXXE JVSRXEPMW 69 7* ;%00 '6))4)6 8MGLSHVSQE QYVEVME;7 6IGSVHIH
F] 4EROEN 7LEVQE (EXI 7*
36()6 4EWWIVMJSVQIW *%1-0= 1SXEGMPPMHEI4-4-87 %2( ;%+8%-07 30-:)&%'/)( 4-4-8 %RXLYW LSHKWSRM ;' 7* 6-',%6( 74-4-8%RXLYW VMGLEVHM ;' 3% + 4%((=*-)0( 4-4-8 %RXLYW RSZEIWIIPERHMEI6' 3%+ &0=8, 74-4-8%RXLYW KSHPI[WOMM ; + 637= 4-4-8 %RXLYW VSWIEXYW ;' 3% + *36)78 ;%+8%-0 1SXEGMPPE MRHMGE 13 + =)003; ; %+8%-0 1SXEGMPPE JPEZE ;' 3% + ;8 '-86-2) ;%+8%-0 1SXEGMPPE GMXVISPE ;' 3% + ;8 +6)= ;%+8%-0 1SXEGMPPE GMRIVIE ;' 3% + ;8;,-8) ;%+8%-0 1SXEGMPPE EPFE ;' 3% + ;8
36()6 4EWWIVMJSVQIW *%1-0= (MGEIMHEI
*03;)64)'/)67
4%0)&-00)( *03;)64)'/)6 (MGEIYQIV]XLVSVL]RGLSW 60' 7*
7'%60)8&%'/)( *03;)64)'/)6 (MGEIYQGVYIRXEXYQ6' 7*
*-6)&6)%78)( *03;)64)'/)6 (MGEIYQ
MKRMTIGXYW 0' 7*
36()6 4EWWIVMJSVQIW *%1-0= 2IGXEVMRMHEI
792&-6(7
69&=',))/)( 792&-6( %RXLVITXIW WMRKEPIRWMW0' 7*
49640) 792&-6( 2IGXEVMRME EWMEXMGE 69 7*&0%'/&6)%78)( 792&-6( %IXLST]KE WEXYVEXE;9 7*
'6-1732 792&-6( %IXLST]KE WMTEVENE &6' 7*
36()6 4EWWIVMJSVQIW *%1-0= >SWXIVSTMHEI
;,-8))=)
36-)28%0 ;,-8))=) >SWXIVSTW TEPTIFVSWYW &6' 7*
36()6 4EWWIVMJSVQIW 79&*%1-0= 4EWWIVMREI
74%663;7
,397) 74%663; 4EWWIV HSQIWXMGYW &6' 3% 7*
)96%7-%2 86)) 74%663; 4EWWIV QSRXERYW6' 7*
36()6 4EWWIVMJSVQIW *%1-0= 4PSGIMHEI
79&*%1-0= 4PSGIMREI
;)%:)6 &-6(7 &%=%7&%=% ;)%:)6 &-6( 4PSGIYW TLMPMTTMRYW &60' 3% + &0%'/ 8,63%8)( ;)%:)6 &-6( 4PSGIYW
FIRKLEPIRWMW 60' +
786)%/)( ;)%:)6 &-6( 4PSGIYW QER]EV &6' +
36()6 4EWWIVMJSVQIW 79&*%1-0= )WXVMPHMREI
192-%7
;,-8)&%'/)( 192-% 0SRGLYVE WXVMEXE &69 +
7'%0=&6)%78)( 192-% 0SRGLYVE T YRGXYPEXE&6' +
&0%'/,)%()( 192-% 0SRGLYVE QEPEGGE&6' +
36()6 4EWWIVMJSVQIW *%1-0= )QFIVM^MHEI
&928-2+7
=)003;&6)%78)( &928-2+ )QFIVM E EYVISPE;' 3% + &0%'/*%')( &928-2+ )QFIVM^E WTSHSGITLEPE
;' 3% +
%'/23;0)(+)1)287
- EGORS[PIHKI [MXL KVEXMXYHI JSV XLI XMQI ERH LIPT KMZIR F]
1V 1SRSN 2EMV %'* >SSPSKMGEP 4EVO +Y[ELEXM [LS JMREPP]
GLIGOIH XLI FMVH PMWX ERH MRGPYHIH WSQI SJ XLI FMVHW VIGSVHIH
F] LMQ HYVMRK LMW WXE] EX (SSQHSSQE EW E XVEMRII SJJMGIV
,I [EW EP[E]W E WSYVGI SJ MRWTMVEXMSR
- EQ I\XVIQIP] KVEXIJYP XS 1V 1EER &EVYE [MXL [LSQ - LEZI
LEH XLI STTSVXYRMXMIW XS GSRWYPX VIKEVHMRK XLI MHIRXMJMGEXMSR SJ
WSQI FMVHW XLEX - GSYPH QEREKI XS TLSXSKVETL MR XLI JMIPH
- EQ EPWS MRHIFXIH XS 6ERKI 3JJMGIV 1V 4EROEN 7LEVQE
FIGEYWI - [EW FIRIJMXIH F] LMW MQQIRWI ORS[PIHKI ERH
MRXIVIWX MR XLI JMIPH SJ [MPHPMJI ERH FMVHW MR TEVXMGYPEV
*SV EWWMWXERGI HYVMRK JMIPH WYVZI] - [SYPH PMOI XS XLERO
1V7ERNE] (EW 7EROEV (EW 1H -QVER ERH EPP XLI SJJMGMEPW
ERH WXEJJ SJ XLI JSVIWX HITEVXQIRX ;MPH PMJI SJ 8MRWYOME
HMWXVMGX
*MREPP] WTIGMEP XLEROW EVI HYI XS Q] [MJI 1VW /EFIVM (EW
ERH Q] WSR 1V 6EOXMQ 6ERNER (EW [LS GSSTIVEXIH [MXL
QI MQQIRWIP] HYVMRK XLI PEWX XLVII ]IEVW SJ Q] I\XIRWMZI
FMVH WYVZI]
8/6/2019 Jan-Feb 2006
14/16
2I[WPIXXIV JSV &MVH[EXGLIVW
6)*)6)2')7
%PM 7 8LI &SSO SJ -RHMER &MVHW XLMVXIIRXL IHMXMSR &2,73\JSVH &SQFE]
%PM76MTPI]7( ERH (MGO., % TMGXSVMEP +YMHI XS XLI &MVHW SJXLI -RHMER WYFGSRXMRIRX RH IH3\JSVH 9RMZ 4VIWW (IPLM
&EVYE1 7LEVQE 4 &MVHW SJ /E^MVERKE 2EXMSREP 4EVO -RHME
*SVOXEMP
&MFF] ' .SRIW 1 1EVWHIR 7 )\TIHMXMSR *MIPH 8IGLRMUYIW&MVH 7YVZI]6S]EP +ISKVETLMGEP 7SGMIX] 0SRHSR
&MFF] '. &YVKIWW 2& ERH ,MPM (% &MVH 'IRGYW 8IGLRMUYI%GEHIQMG 4VIWW 0MQMXIH 0SRHSR
'LSYHLEV] %9 +PSFEPP] XLVIEXIRIH FMVHW MR (MFVY7EMOLS[E
&MSWTLIVI 6IWIVZI ,MQEPE]ER &MSWTLIVI 6IWIVZIW
'LSYHLYV]%9 1EQQEPWFMVHWERHVITXMPIWSJ(MFVY7EMOLS[E
7ERGXYEV] %WWEQ -RHME 3V]\
'LSYHLYV] %9 8LI &MVHW SJ %WWEQ +MFFSR FSSOW ;;*+Y[ELEXM
*YVRIWW6; ERH +VIIR[SSH ..( &MVHW EW 1SRMXSVW SJ)RZMVSRQIRXEP GLERKI )H 'LETQER ,EPP 0SRHSR
+VI[EP & ,EVZI] & ERH 4JMWXIV % 4LSXSKVETLMG +YMHI XS XLI&MVHW SJ -RHME ERHXLI-RHMER 7YFGSRXMRIRX MRGPYHMRK 4EOMWXER 2ITEP&LYXER &ERKPEHIWL 7VM 0EROE 1EPHMZIW ,/ 0XH 4IVMTPYW)HMXMSRW
+VMQQIXX 6 -RWOMTT ' ERH -RWOMTT 8 8LI 4SGOIX +YMHIXS 8LI&MVHW SJ -RHMER 7YFGSRXMRIRX 'LVMWXSTLIV ,IPQ 0SRHSR
-RWOMTT8 0MRHWI] (YGO[SVXL ; %R ERRSXEXIHGLIGOPMWX SJ XLI
&MVHW SJ 3VMIRXEP 6IKMSR 3VMIRXEP &MVH 'PYF &IHJSVH/E^QMIVG^EO ' %PPIR ( %WLSVXSVRMXLSPSKMGEPWYVZI]SJ
(MFVY7EMOLS[E ;MPHPMJI WERGXYEV] 2I[WPIXXIV JSV &MVHW[EXGLIVW
/E^QMIVG^EO / 7MRKL 6 % &MVH[EXGLIVW +YMHI XS -RHME 3\JSVH(IPLM
/MRK & ; SSHGSGO 1 (MGOMRWSR )' &MVHW SJ 7SYXL)EWX%WME ,EVTIV 'SPPMRW 0SRHSR
/YQEV/7EQERX77 (EXEFEWI SR%ZMJEYRE SJ XLI 2ERHE (IZM
1EREW (MFVY7EMOLS[E (ILERK(IFERK ERH /ERKGLIRH^SRKE
&MSWTLIVI 6IWIVZI -RHME ,MQEPE]ER &MSWTLIVI6IWIVZI
0S[XLIV ),2 % &MVH 4LSXSKVETLIV MR -RHME 3\JSVH 9RMZIVWMX]4VIWW 0SRHSR
7EVQEL 2' 'LIGOPMWX (MFVY7EMOLS[E ;MPHPMJI 7ERGXYEV]1%LQIH 8MRWYOME
7GLEYIWII 61( 8LI &MVHW SJ 'LMRE 7QMXLWSRMER -RWXMXYXMSR4VIWW ;EWLMRXSR ('
;MRIW .% 8LI )GSPSK] SJ &MVH 'SQQYRMXMIW :SP 'EQFVMHKI 7XYHMIW MR )GSPSK] 'EQFVMHKI 9RMZIVWMX] 4VIWW
'366)7432()2')
+6)= ,)%()( '%2%6= *0='%8',)6
46%())4 /91%6 7,%61% 3TT 'EVQIP 'SRZIRX
7GLSSP 2ELER 7LMQPE 6SEH 2ELER (MWX 7MVQSYV
,MQEGLEP 4VEHIWL
2ELER XS[R XLI ,IEHUYEVXIVW SJ 7MVQSYV (MWXVMGX ERH
GETMXEP SJ IVWX[LMPI 7MVQSYV 7XEXI [EW ORS[R JSV MXW SVGLEVHW
-X MW WEMH XLEX E WEMRX LEH TPERXIH QERKS TPERXW MR
ERH EVSYRH 2ELER XS[R (YI XS QER] SVGLEVHW MR XLI XS[R
QER] TPEGIW EVI WXMPP REQIH [MXL WYJJM\ &EEK QIERW
SVGLEVH IK 'LEYLEROE&EEK 3VGLEVH SJ 'LEYLER 6ERM
OE&EEK 3VGLEVH SJ 5YIIR XS REQI E JI[ ;MXL XLI
TEWWEKI SJ XMQI XLI TVSGIWW SJ YVFERM^EXMSR WXEVXIH ERH
XLI TISTPI WXEVXIH QSZMRK XS[EVH 2ELER XS[R JVSQ EPP TEVXW
SJ XLI (MWXVMGX JSVGMRK XLIWI &EEKW XS PSWI XLIMV MQTSVXERGI
EW SVGLEVHW ERH FIGSQI E PYGVEXMZI WSYVGI SJ MRGSQI EW
VIEP IWXEXI 2I[ GSPSRMIW WXEXIH GSQMRK YT MR XLIWI &EEKW
3VGLEVHW - EPWS PMZI MR SRI WYGL GSPSR] -R JVSRX SJ Q]LSYWI XLIVI [IVI E JI[ ZIV] XEPP XVIIW SJ )YGEP]TXYW ERH E
JI[ XVIIW SJ 1ERKS % WQEPP &EYVM E WQEPP WXVYGXYVI
GSRWXVYGXIH MR SPH XMQI XS GSPPIGX [EXIV JSV HVMROMRK TYVTSWI
ERH E TIVIRRMEP FVSSO JPS[W MR XLI EVIE - YWIH XS [EXGL
QER] FMVHW XLIVI MR XLI QSVRMRKW ERH IZIRMRKW )ZIV]
IZIRMRK Q] EXXIRXMSR [EW WTIGMEPP] HVE[R F] E WTIGMEP W QEPP
EGX MZI FMVH [MXL E PSX SJ RSMWI SJ GLMVTMRK ERH FVMWO
QSZIQIRXW TVSFEFP] XS GEXGL XLI JPMIW 8LI FMVH YWIH XS
FI EGXMZI JSV EFSYX ER LSYV SV WS FIJSVI WYRWIX - [EW LEZMRK
WSQI *MIPH +YMHIW EFSYX FMVHW FYX - GSYPH RSX JMRH XLMW FMVH
MR ER] SJ XLIWI FSSOW JMREPP] - TYVGLEWIH E FSSO 4SGOIX
+YMHI XS XLI &MVHW SJ XLI -RHMER 7YFGSRXMRIRX F] +VMQQIX
6MGLEVH -RWOMTT 'EVSP -RWOMTT 8MQ 3\JSVH 9RMZIVWMX]
4VIWW *VSQ [LMGL - GSYPH MHIRXMJ] XLMW FMVH EW +VI] ,IEHIH
'EREV] *P]GEXGLIV 'YPMGMGETE GI]PSRIRWMW
%W RI[ LSYWIW WXEVXIH GSQMRK YT TISTPI JIPX ETTVILIRWMZI
EFSYX XLMW XEPP )YGEP]TXYW XVII FIGEYWI SJ MXW LYKI WM^I(YVMRK LMKL ZIPSGMX] [MRHW XLI JEQMPMIW VIWMHMRK MR XLI EVIE
YWIH XS TVE] JSV XLI WEJIX] SJ XLIMV PMZIW ERH TVSTIVX] *MREPP]
XLI VIWMHIRXW QSZIH ER ETTPMGEXMSR XS XLI GSRGIVRIH
EYXLSVMX] JSV JIPPMRK XLMW XVII ERH TIVQMWWMSR [EW KVERXIH
8LI XVII [EW JIPPIH WEJIP] ERH EPP XLI VIWMHIRXW LIEZIH E
WMKL SJ VIPMIJ &YX [MXLMR E JI[ HE]W - VIEPM^IH XLEX Q] IZIRMRK
JVMIRH +VI] ,IEHIH 'EREV] *P]GEXGLIV 'YPMGMGETE
GI]PSRIRWMW LEH PIJX XLI TPEGI JSVIZIV *SV XLI PEWX ]IEVW
- LEZI RSX LIEVH XLI GLMVTMRK SJ XLMW FMVH MR XLMW EVIE -X MW RSX
GPIEV EW XS [LIXLIV XLI JP]GEXGLIV [EW EWWSGMEXIH [MXL XLMW
)YGEP]TXYW XVII SV [LIXLIV XLI MQTEGX SJ YVFERM^EXMSR LEW
JSVGIH XLMW FMVH XS PIEZI XLI EVIE
&6))(-2+ 7-8)7 3* +]TW FIRKEPIRWMW %2( +]TW
XIRYMVSWXVMW - 2 / %8 )6 2- %+ ,%8 ; -0 ( 0 -* )
7%2'89%6= 988%6 46%()7, +31%8,- 2 7EPMQ %PM
'IRXIV JSV 3VRMXLSPSK] ERH 2EXYVEP ,MWXSV] %REMOEXXM
'SMQFEXSVI
8LI +]TW WTIGMIW SJ ZYPXYVI [IVI SRGI GSQQSR MR
7SYXLIEWX %WME ERH GSRWMHIVIH XLI QSWX EFYRHERX PEVKI
FMVHW SJ TVI] MR XLI [SVPH ,SYWXSR -R XLI PEWX X[S HIGEHIW
XLI TSTYPEXMSR SJ IRHIQMG +]TW WTIGMIW GVEWLIH MR -RHMER
WYFGSRXMRIRX &MVH PMJI -RXIVREXMSREP 8LI] [IVI GSQQSR
EPP SZIV XLI -RHMER WYFGSRXMRIRX 7SQI SJ XLI FVIIHMRK
WMXIW VIGSVHIH IEVPMIV MR 9XXEV 4VEHIWL [IVI (ILVE (YR
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2I[WPIXXIV JSV &MVH[EXGLIVW
1SLER 6ENENM 2EXMSREP 4EVO 4ERHI] IX EP
'SVFIXX 2EXMSREP 4EVO 4IV 7EXLIIWER (YH[E
2EXMSREP 4EVO .EZIH 6ELQERM ERH )XE[EL ERH
1EMRTYVM HMWXVMGXW +STM 7YRHEV
&EWIH SR XLI QIWWEKI VIGIMZIH JVSQ E VITSVXIV XLEX QSVI
XLER +]TW FIRKEPIRWMW [IVI WMKLXIH SR E GEVGEWW MR E
7ERGXYEV] RIEV 0IOMQTYV /LIVM 9XXEV 4VEHIWL SR
Q]WIPJ ERH JMIPHEWWMWXERX &VMNIRHIV 7MRKL QEHI E
JMIPH XVMT XS /EXIVRMEKLEX ;MPH 0MJI 7ERGXYEV] &ELEVEMGL ZME
1ELI[EKERN 7LEVEHEREKEV +MVNETYVM ERH &MGLM]E EW TEVX
SJ SYV ZYPXYVI WXYH]
/ E XI V R ME K L EX ;M P H 0 M J I 7 E R G X YE V ] J E P PW Y R HI V X L I
8IVEM&LEFEV FMSKISKVETLMG WYFHMZMWMSR SJ XLI YTTIV
+ERKIXMG TPEMR MR XLI -RHS2ITEP FSVHIV -X MW WMXYEXIH EX XLI
+MV[E VMZIVFERO ERH EPWS EHNEGIRX XS (YH[E 2EXMSREP 4EVO
ERH 6S]EP 'LMX[ER 2EXMSREP 4EVO 7MQMPEV XS (YH[E MX LEWWYFXVSTMGEP XEPP KVEWWPERH PSGEPP] GEPPIH XIVVEMR KVEWWPERH
8LI XIVVEMR VIKMSR MW E JPEX EPPYZMEP WXVIXGL SJ PERH P]MRK MR XLI
,MQEPE]ER JSSXLMPPW ERH XLI +ERKIXMG TPEMR -X LEW QSMWX
HIGMHYSYW ZIKIXEXMSR [MXL QM\IH LEFMXEXMSRW SJ VMZIVMRI JSVIWX
3YV WYVZI] GSZIVIH ER EVIE SJ OQ MR ERH EVSYRH
/EXIVRMEKLEX ;MPH 0MJI 7ERGXYEV] [MXL WYMXEFPI RIWXMRK
LEFMXEX JSV +]TW FIRKEPIRWMW ;I V I G SV H I H X L V I I
FVIIHMRK WMXIW SJ+]TW FIRKEPIRWMW[MXLMR OQ VEHMYW MRWMHI
XLI 7ERGXYEV] 8LI JMVWX WMXI [EW PSGEXIH EX XLI GSSVHMREXIW
SJ 3 2 ERH 3 ) RIEV WXEXI JEVQ GSVRIV
% XSXEP SJ TEMVW RS ERH XLVII RH ]IEV NYZIRMPIW [IVI
VS SW XMR K EX X LI XS T SJ & S QF E \ G I MF E 7IQEP
[MXL ER EZIVEKI SJ Q LMKL *MZI EFERHSRIH RIWXW ERHFPS[R SYX RIWXW [IVI VIGSVHIH %PSRK [MXL XLMW E +]TW
XIRYMVSWXVMW [EW TIVGLIH SR ER EFERHSRIH RIWX 8LI RIWX
SJ XLMW WTIGMIW GER FI IEWMP] MHIRXMJMIH F] XLI [E] XLI RIWX
[EW FYMPX 8LI RIWX [EW [IPP TEGOIH F] JMRI JSPMEKIH X[MKW
E R H W I I R H I R WI V X L ER X L I +]TW FIRKEPIRWMW RIWX
4IV 3FWIVZEXMSR
%RSXLIV FVIIHMRK WMXI [EW VIGSVHIH EHNEGIRX XS 4;( LYXW
EX XLI FERO SJ VMZIV +MV[E EX XLI GSSVHMREXIW SJ 3
2 ERH 3 ) *SYV TEMVW RS ERH XLVII JPIHKPMRKW
[IVI WIIR TIVGLIH EX XLI XST SJ &SQFE\ GIMFE 8LMVH WMXI
[EW PSGEXIH EX XLI WEQI GSSVHMREXIW FYX WIIR STTSWMXI SJ
XLI +MV[E FERO ;LIR XLI QIVGYV] XSYGLIH
3
' EX EQ XLI WSEVMRK TSTYPEXMSR SJ +]TW FIRKEPIRWMW VIEGLIH
-R XLI GEWI SJ /EXIVRMEKLEX ;MPH 0MJI 7ERGXYEV] XLI]
TVIJIVVIH &SQFE\ GIMFEJSV VSSWXMRK ERH FVIIHMRK 8LMW QE]
FI FIGEYWI SJ IEW] PERHMRK WEJIX] ERH TVSFEFP] E HSQMRERX
XEPP WTIGMIW
;MXL E QE\MQYQ SJ TEMVW WMKLXIH JYPP EHYPX SRP] XLVII
JPIHKPMRKW [IVI JPIHKIH SYX WYGGIWWJYPP] ERH XLI WYGGIWW
[EW SRP] -RJEGX MX LEW LYKI TSTYPEXMSR SJ [MPH
YRKYPEXIW TEVXMGYPEVP] [MPH &YJJEPSIW ERH WSQIXMQIW ZIV]
HERKIVSYW XS XVIO MRWMHI XLI JSVIWXIH KVEWWPERH 7S
EZEMPEFMPMX] SJ [MPH GEVGEWW MW EPWS LMKL
8[S QSRXLW FEGO HYVMRK XLI JPIHKMRK WIEWSR %TVMP E
RIWXPMRK ERH ER EHYPX ZYPXYVI [IVI JSYRH HIEH FIPS[ XLI
FVIIHMRK XVIIW (YVMRK SYV VIGIRX SFWIVZEXMSR MX [EW JSYRH
XLEX X[S EHYPX ZYPXYVIW WIIQIH XS FI WMGO ERH [MXL HVSSTIH
LIEHW JSV QSVI XLER X[IRX] QMRYXIW GSRXMRYSYWP] (YVMRK
Q] IEVPMIV SFWIVZEXMSR ZYPXYVIW [SYPH HVSST XLIMV LIEHWSQIXMQIW XS EZSMH HMVIGX WYRPMKLX FYX EX XLI WEQI XMQI MX
[MPP FI QSVI EPIVX ERH OIIT MXW LIEH WXMJJ &YX XLI GSRXMRYSYW
HVSSTMRK [MXLSYX ER] EPIVXRIWW IZIR [LIR HMWXYVFIH MW ER
MRHMGEXMSR XLEX XLI ZYPXYVIW [IVI WMGO
-R WSQI TEVXW SJ -RHME TEVXMGYPEVP] MR XLI WXEXI SJ +YNEVEX
VITSVXW WLS[ ER MRGVIEWI MR XLI TSTYPEXMSR SJ K]TW WTIGMIW
ERH VIIWXEFPMWLQIRX SJ FVIIHMRK WMXIW %X XLI WEQI XMQI
MR WSQI SJ FVIIHMRK WMXIW MR 6ENEWXLER &E]ERE (YQLS
ERH 7SRE OI +YVYNE QSVXEPMX] SJ EHYPX ERH JPIHKPMRK [EW
VIGSVHIH LMKL TEVXMGYPEVP] HYVMRK WYQQIV 7MQMPEVP] MX
LETTIRIH MR TVSXIGXIH /EXIVRMEKLEX ;07 ERH VIQSXI EVIEW
XSS )ZIR XLSYKL HMGPSJIREG [EW HIGPEVIH EW XLI QEMR
VIEWSR JSV ZYPXYVI HIGPMRI ZYPXYVIW JIIHMRK MR VIQSXI ERH
TVSXIGXIH EVIEW EVI EPWS TVSRI XS QSVXEP M X] 7S M X MW
RSXI[SVXL] XS VIGSVH FVIIHMRK WMXIW ERH JSVEKMRK KVSYRHW SJ
+]TW FIRKEPIRWMW ERH EPWS MQTSVXERX XS GSRWXERXP] QSRMXSV
XLSWI GSPSRMIW [MXL QE\MQYQ TSTYPEXMSR
%GORS[PIHKIQIRX
- XLERO (V 0EPMXLE :MNE]ER 4VMRGMTEP 7GMIRXMWX 7%'32 JSV
KMZMRK QI ER STTSVXYRMX] XS [SVO SR ZYPXYVI TVSNIGX - EPWS
XLERO 4VEWERXL 2EVE]ER JSV LMW EWWMWXERGI MR GSQTMPMRK XLMW
VITSVX
6IJIVIRGIW
&MVH0MJI -RXIVREXMSREP 8LVIEXIRIH &MVHW SJ XLI %WME XLI &MVH0MJI-RXIVREXMSREP 6IH(EXE&SSO &MVH0MJI -RXIVREXMSREP 'EQFVMHKI 9/
,SYWXSR ( ' &VIIHMRK SJ XLI ;LMXIFEGOIH ERH 6YTTIPP W
+VMJJSR :YPXYVIW +]TW EJVMGERYW ERH +]TW VYTTIPPM -FMW
6L]W ) +VIIR IX EP (MGPSJIREGTSMWSRMRK EW E GEYWI SJ ZYPXYVI
TSTYPEXMSR HIGPMRIW EGVSWW XLI -RHMER WYFGSRXMRIRX .SYVREP SJ
%TTPMIH )GSPSK]
LEVFSVMRK XLI ZMVYW VIQEMRMRK LIEPXL] ERH YR[MXXMRKP]
XVERWQMXXMRK XLI ZMVYW FIX[IIR XLI FVIIHMRK ERH [MRXIVMRK
KVSYRHW
-X QEOIW WIRWI XS PSSO FI]SRH SYV RSWIW FIJSVI HMWQMWWMRK
E TSWWMFPI PMRO FIX[IIR XLI QMKVEXSV] FMVHW ERH XLI EZMER
MRJPYIR^E 7YGL WYFNIGXMZI GSRNIGXYVIW EVVMZIH EX EJXIV
HIGEHIW SJ SFWIVZEXMSR WYQ YT XLI UYEPMX] SJ VIWIEVGL [I
EVI GETEFPI SJ GSRXVMFYXMRK 7EHP] PEGOEHEMWMGEP ERH MPP
UYEPMJMIH WXYHMIW EVI TVSRI XS HMWVIKEVH OI] IGSPSKMGEP
TLIRSQIRE
8LI [LSPI TSMRX MW XLEX EX XLI (IGIQFIV WIQMREV WSQI
IJJSVX [EW SR XS TSVXVE] XLEX XLI EZMER MRJPYIR^E GYVVIRXP]
HSMRK XLI VSYRHW LEW RS PMROW [MXL XLI [MPH FMVHW ERH
XLIVIJSVI XLI TSYPXV] MRHYWXV] WLSYPH HMWQMWW XLI FMVH JPY
XLVIEX ERH KS EFSYX MXW FYWMRIWW EW YWYEP ;LIR [I EVI
% 2SXI JVSQ XLI 4YFPMWLIV GSRXMRYIH
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2I[WPIXXIV JSV &MVH[EXGLIVW
%HHVIWW JSV 'SVVIWTSRHIRGI
2I[WPIXXIV JSV &MVH[EXGLIVW2S 7MVYV 4EVO & 7XVIIX 7IWLEHVMTYVEQ
&ERKEPSVI -RHME 8IP
)QEMP REZFEVEX$KQEMPGSQ"
4VMRXIH ERH 4YFPMWLIH FMQSRXLP] F] 7 7VMHLEV EX
2EZFLEVEXL )RXIVTVMWIW 7IWLEHVMTYVEQ
&ERKEPSVI -RHME *SV 4VMZEXI 'MVGYPEXMSR 3RP]
'SZIV *IQEPI +SPHIRFEGOIH ;SSHTIGOIV (MRSTMYQ
FIRKLEPIRWI MW IUYMTTIH [MXL LEVH GLMWIP P MOI FMP P XS
LEQQIV VITIEXIHP] MRXS [SSH 8LI [IHKIWLETIH XEMP MW
EYKQIRXIH [MXL WXMJJ JIEXLIVW XS EGX EW E TVST [LMPI XLI FMVH
QSZIW EGXMZIP] YT ERH HS[R XLI XVII XVYRO 8LI [SSHTIGOIVW
EVI ETX XS FI VIGSKRM^IH EW KSSH MRHMGEXSVW SJ HMZIVWMX] ERH
LIEPXL SJ JSVIWX IGSW]WXIQW 8LI] TVSZMHI ER EVVE] SJ LSPIW
JSV E KVIEX RYQFIV SJ WIGSRHEV] LSPI RIWXMRK FMVHW [LMGL
EVI EPWS MQTSVXERX MR JSVIWX IGSPSK] 4LSXS 7 7LVI]EW
XEPOMRK EFSYX XLI FMVH JPY ERH XLI [MPH FMVH PMRO RIZIV QMRH
XLI EWWIVXMSRW WXEXMWXMGEP J MKYVIW SV M P PYWXVEXMSRW MX MW
MQTSVXERX XLEX SYV JIPPS[ FMVH[EXGLIVW YRHIVWXERH XLI
IPIQIRXEV] IGSPSK] SJ XLI QMKVERXW WS XLEX EHIUYEXI
WYVZIMPPERGI ERH TVIGEYXMSREV] QIEWYVIW GER FI TVSTSWIH
XS TVSXIGX TSYPXV] ERH LYQERW JVSQ XLI HIEHP] ,2 ZMVYW
0YGOMP] XLSYKL XLI ,2 ZMVYW LEW I\TSRIRXMEPP] MRGVIEWIH
MXW VERKI EGVSWW XLI [SVPH ERH GVMTTPIH XLI TSYPXV] MRHYWXV]
MR -RHME MX LEW XMPP HEXI RSX QYXEXIH XS WTVIEH EQSRK LYQERW
%GGSVHMRK XS I\TIVXW FMXW SJ XLI TY^^PI EVI WXMPP QMWWMRK
ERH MJ [I HVSTTIH SYV ZMKMP RS[ [I QE] FI GYVWMRK SYVWIPZIW
PEXIV JSV RSX LEZMRK KMZIR TVSTIV JSGYW ERH XMQIP] EXXIRXMSR
;VSRK TSYPXV] ERH JEVQ]EVH TVEGXMGIW EVI XS FI WUYEVIP]
FPEQIH JSV XLI WMPIRX TSMRX SJ FYMPHYT ERH VYRYT XS XLI
HMWEWXIV EW MR 1ELEVEWLXVE ERH IPWI[LIVI 8LI FMKKIWXFYRKPMRK YRHSYFXIHP] MW XLI SZIVHITIRHIRGI SR QIVIP] X[S
TIHMKVIIW SJ FVSMPIVW REQIP] 0IK ,SVR ERH 6SEH -WPERH
6IH ZEVMIXMIW 9RL]KMIRMG LERHPMRK SJ GLMGOIR ERH YRWEJI
HMWTSWEP SJ TSYPXV] [EWXI EVI EPWS XS FI FPEQIH JSV XLI
TVIWIRX QEPEMWI 1ER] LEH RSX I\TIGXIH XLI ZMVYW XS WXVMOI
FYX [LIR MX WYVJEGIH WYHHIRP] EX 2EZETYV 1ELEVEWLXVE SR
XL *IFVYEV] XLI EYXLSVMXMIW [IVI GEYKLX YRE[EVIW
HIWTMXI QSRXLW SJ EHZERGI [EVRMRK XS FI TVITEVIH JSV WYGL
ER IZIRXYEPMX] 8LI [EVRMRKW [IVI RSX IQTX] VLIXSVMG FYX
VIEP JSVIFSHMRKW FEWIH SR TSPMG] WXEXIQIRXW ERH FYPPIXMRW
MWWYIH WMRGI 1E] F] OI] KPSFEP SVKERM^EXMSRW WYGL
EW ;,3 *%3 SJ 92 &0- ;IXPERHW -RXIVREXMSREP ;3%,
3-) ERH 67&4 8LI WYKKIWXMSRW MRGPYHIH UYMGO HMEKRSWMW
SJ MRHI\ GEWIW MHIRXMJ]MRK GSRXEGXW ERH UYEVERXMRMRK XLI
EJJIGXIH EVIE
6EVI ,SRSYV XS (V %FVELEQ :IVKLIWI
-X MW RSX SJXIR XLEX - KIX XS [VMXI EFSYX VEVI EGLMIZIQIRXW SJ
JIPPS[ FMVH[EXGLIVW ERH MX MW Q] KSSH JSVXYRI XLEX E VEVI
SGGEWMSR LEW GSQI EFSYX XS TIR SRI 3YV )HMXSVMEP &SEVH
1IQFIV (V %FVELEQ :IVKLIWI LEW FIIR GSRJIVVIH XLI
TVIWXMKMSYW *IPPS[SJ6S]EP)RXSQSPSKMGEP7SGMIX]
*6)7 0SRHSR JSV LMW GSRXVMFYXMSR XS )RXSQSPSK] -RWIGX
7GMIRGI MR XLI PEWX ]IEVW ,IV 1ENIWX] XLI 5YIIR SJ
)RKPERH MW XLI TEXVSR SJ 6S]EP )RXSQSPSKMGEP 7SGMIX] 6)7;MXL XLMW JIPPS[WLMT (V :IVKLIWI NSMRW XLI VEROW SJ TEWX
*IP PS[W P MOI 'LEVPIW (EV[MR %PJVIH 6 ;EPPEGI IXG
-RGMHIRXEPP] ZIV] JI[ WGMIRXMWXW LEZI
FIIR VIGSKRM^IH F] XLI 6)7 JVSQ
XLI %WMER 7YFGSRXMRIRX PIX EPSRI
JVSQ -RHME
(V :IVKLIWI [SVOW EX XLI -RHMER
-RWXMXYXI SJ ,SVXMGYPXYVEP 6IWIEVGL
--,6 &ERKEPSVI ERH MW XLI 'LMIJ
) HMX SV S J X LI NS YV RE P 4IWX
1 E RE K I QI R X M R , S VX M G YP X Y VE P
)GSW]WXIQW ,ILEWFIIREGXMZIP]
TVSQSXMRK XLI WXYH] SJ MRWIGXW EQSRK EQEXIYVW ERH
TVSJIWWMSREPW EPMOI
(V :IVKLIWI KEZI E JMPPMT XS XLI WXYH] SJ FMVHW EW E LSFF] MR
&ERKEPSVI [E] FEGO MR XLI WIZIRXMIW MXWIPJ EPSRK [MXL (V
.SWITL +ISVKI 1V >EJEV *YXILEPP] 0EXI ) ,ERYQERXLE6ES (V %/ 'LEOVEZEVXL] ERH SXLIVW 7MRGI XLIR LI LEW
FIIR GSRXVMFYXMRK XS FMVH GSRWIVZEXMSR ERH TSTYPEVM^MRK
IGSPSKMGEP WXYHMIW MR -RHME ERH LEW QER] JIEXLIVW MR LMW
GET MRGPYHMRK +SPH 1IHEPW JSV LMW 1EWXIVW ERH (SGXSVEXI
TVSKVEQQIW JVSQ XLI 9RMZIVWMX] SJ %KVMGYPXYVEP 7GMIRGIW
&ERKEPSVI 8LI QYGL GSZIXIH *IPPS[WLMT SJ XLI 6S]EP
7SGMIX] MW XLI PEXIWX JIEXLIV MR LMW GET
(V %FVELEQ :IVKLIWI MW XLI *SYRHIV )HMXSV SJ -27)'8
)2:-6321)28 ERH- LEZIFIIREWWSGMEXIH[MXL XLMW
RSXEFPI IPIZIR ]IEV SPH NSYVREP EW XLI *SYRHIV 4YFPMWLIV
8LI SGGEWMSR RS[ JSV Q] MRHYPKIRGI MW XS NSMR EPP SJ ]SY MR
GSRKVEXYPEXMRK (V %FVELEQ :IVKLIWI JSV FIMRK GSRJIVVIH
[MXL XLI *)003; SJ XLI 63=%0 )2831303+-'%0
73'-)8= 032(32 - ZIORS[R(V:IVKLIWIJSV[IPPSZIV
XLVII HIGEHIW QSVI EW E FMVH[EXGLIV ;I ZIFIIR
XSKIXLIV MR QER] GSRWIVZEXMSR TYVWYMXW ERH XS QI XLIVIJSVI
XS WII E WYJJ M\ *6)7 0SRHSR EJXIV LMW REQIMW
ZIV] WEXMWJ]MRK
;MWLMRK EPP SJ ]SY E LETT] RI[ ]IEV
8LEROMRK ]SY
=SYVW MR FMVH GSRWIVZEXMSR
7 7VMHLEV
4YFPMWLIV 20&;