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Economy May 11, 2026

Senate Poised to Confirm Warsh as Federal Reserve Chair Amid Political Pressure

The US Senate is expected to confirm Kevin Warsh as the next Federal Reserve chair, despite concern…
The Lead: Warsh Confirmation Signals New Era for Federal ReserveThe US Senate is expected to confirm Kevin Warsh this week as chair of the Federal Reserve, as Donald Trump continues his campaign to influence the world's most important central bank. The Fed's influence over the economy spans from the job market to mortgage rates, and its every move is carefully scrutinized by investors on Wall Street.The Event Details: Warsh's Background and Political AlignmentWarsh served on the Fed's board as a governor from 2006 to 2011 and developed a reputation as a so-called "inflation hawk" during the 2008 recession crisis – advocating for higher interest rates to mitigate rising prices. However, since Trump started his second term, Warsh publicly aligned himself with the president's stance that interest rates are now too high. In a Wall Street Journal op-ed last November, Warsh called the Fed's leadership "broken" and called the bank "an institution whose reach has extended far beyond its grasp."The Political Battle: Trump's Assault on Fed IndependenceThe vote is expected to be split along party lines. Democrats criticize Warsh for being Trump's "sock puppet" at a time when the president has pushed past the typical boundaries between the White House and the nonpartisan Fed. Trump's battle with the Fed culminated in a criminal investigation against the outgoing Fed chair, Jerome Powell. Trump accused Powell of fraud over renovations at the Fed's headquarters that went over budget.The Impact Analysis: Central Bank Independence at RiskWarsh told the Senate that he will be an "independent actor" as Fed chair, but resisting pressure from the White House will be difficult amid the legal assault Trump has foisted upon the central bank for going against his wishes. When pushed by Democrats in Congress, Warsh refused to answer whether Trump had lost the 2020 election. Though the justice department ended its investigation after a Republican senator said he would hold up Warsh's nomination, Powell announced last month that he would stay on the Fed's board as a governor until any inquiry into the renovations are "well and truly over with transparency and finality."The Prediction: Future of Monetary Policy Under WarshIn his last press conference as chair, Powell noted that Warsh testified that he will withstand political pressure from Trump and that he will "take him at his word". But the outgoing Fed chair also made some of his most pointed remarks to date about the current risk to Fed's independence, which is crucial for the health of the economy. "The institution is being battered over these things. We're having to resort to the courts to enforce our ... ability to make monetary policy without political considerations," Powell said. "I'd like to think we can get out of that era and go back to respecting what the law says and what custom has been."
#Kevin Warsh #Federal Reserve #Donald Trump
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Politics May 11, 2026

Gaza Filmmakers Win Bafta After BBC Drops Controversial Documentary

The makers of the documentary 'Gaza: Doctors Under Attack' have won a Bafta TV Award after the BBC …
The Bafta Win That Reignited BBC ControversyThe makers of the documentary Gaza: Doctors Under Attack, which was dropped by the BBC, have won the Bafta TV Awards in the current affairs category. The filmmakers used their acceptance speech to directly criticize the broadcaster, renewing controversy over the BBC's decision to shelve the project before it was later aired by Channel 4.Documentary Details and Filmmakers' CriticismThe documentary, which features firsthand accounts from Palestinian health workers in Gaza, was honored at London's Royal Festival Hall nearly a year after the BBC declined to broadcast it, citing concerns over partiality.Accepting the award, executive producer Ben de Pear thanked the journalists behind the film before directly addressing the BBC, which aired the Bafta ceremony on BBC One with a delay of more than two hours: "Finally, just a question for the BBC: Given you dropped our film, will you drop us from the Bafta screening later tonight?"Journalist and presenter Ramita Navai also criticised the broadcaster during her speech, citing findings from the documentary's investigation into attacks on Gaza's healthcare system."These are the findings of our investigation that the BBC paid for but refused to show," Navai said. "But we refuse to be silenced and censored. We thank Channel 4 for showing this film."Navai said more than 1,700 Palestinian doctors and healthcare workers have been killed and more than 400 have been detained during Israel's genocidal war on Palestinians in Gaza. She dedicated the award to Palestinian medical workers being held in Israeli prisons.BBC's Response and Editing of RemarksAccording to British media reports, the BBC edited portions of Navai's remarks from its televised broadcast after consultations with its compliance team.Background on the Documentary's ProductionThe BBC originally commissioned the documentary from the independent production company Basement Films more than a year ago but delayed its release while conducting a review into another Gaza-related documentary, Gaza: How To Survive a War Zone.The broadcaster later decided not to air Gaza: Doctors Under Attack, saying the film risked creating "a perception of partiality that would not meet the high standards that the public rightly expect of the BBC".The corporation also said impartiality remained "a core principle of BBC News".The film was subsequently acquired and broadcast by Channel 4 in July.Speaking backstage after the Bafta win, de Pear praised Gazan journalists Jaber Badwan and Osana Al Ashi, who contributed footage to the documentary, saying the team "woke up every day wondering if the two journalists on the ground were still alive".Implications for Media Coverage of ConflictsThe incident highlights ongoing tensions between media organizations and filmmakers covering the Israeli-Palestinian conflict, particularly regarding perceptions of impartiality. The Bafta win and public criticism may prompt greater scrutiny of how broadcasters balance journalistic standards with the responsibility to report on sensitive geopolitical issues.Future Outlook for Documentary FilmmakingThis case may encourage more independent filmmakers to seek alternative platforms when mainstream broadcasters decline to air their work. The recognition from Bafta could also embolden journalists to challenge editorial decisions more publicly, potentially leading to greater transparency in how news organizations handle controversial content.
#BBC #Bafta #Gaza
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Sports May 11, 2026

Timberwolves Tie Playoff Series After Wembanyama Ejection Fuels 114-109 Win

Anthony Edwards poured 36 points, 16 in the fourth, as the Minnesota Timberwolves edged the San Ant…
Anthony Edwards delivered a fourth‑quarter surge of 16 points, guiding the Minnesota Timberwolves to a 114‑109 victory over the San Antonio Spurs and leveling the series at two games each.Timberwolves Capitalize on Wembanyama’s Ejection to Even SeriesThe turning point came early in the second quarter when Victor Wembanyama was flagged for a flagrant‑2 foul after an elbow to Naz Reid’s chin, resulting in an automatic ejection. Coach Chris Finch kept the squad focused, and the Timberwolves built a 60‑56 halftime lead before extending it in the final minutes.Statistical Breakdown: Scoring, Shooting Percentages, and Key ContributionsAnthony Edwards: 36 points (16 in Q4)Naz Reid: 15 points, 9 rebounds (off the bench)Julius Randle: 12 pointsRudy Gobert: 11 points, 13 reboundsDe’Aaron Fox (Spurs): 24 pointsStephon Castle (Spurs): 20 pointsTeam shooting: Timberwolves 44.7% FG (10/27 3‑pt), Spurs 47.7% FG (6/26 3‑pt)Implications for the Western Conference Second‑Round BattleThe ejection exposed the Spurs’ reliance on Wembanyama’s interior presence. Without his shot‑blocking and scoring, San Antonio struggled to protect the paint, allowing Minnesota to dominate offensive rebounds and finish with a decisive 14‑5 run late in the game. The series now hinges on depth, discipline, and the ability of both coaches to adjust strategies without the league’s most touted rookie.Looking Ahead: What Game 5 Could Hold for Minnesota and San AntonioGame 5 shifts to San Antonio, where the Spurs must find a way to replace Wembanyama’s defensive anchor while maintaining the offensive flow that kept them competitive. The Timberwolves will look to keep the momentum from Edwards’ clutch shooting and Gobert’s interior dominance. Expect tighter foul management, more emphasis on perimeter shooting, and a potential showdown between Finch’s tactical adjustments and Mitch Johnson’s effort to keep his roster disciplined.
#Minnesota Timberwolves #San Antonio Spurs #Victor Wembanyama
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Sports May 11, 2026

Dubois Shatters Quitter Stigma to Capture WBO Heavyweight Crown in Manchester

In a brutal 11‑round showdown, Daniel Dubois overcame early knockdowns to claim the WBO heavyweight…
The Night Dubois Defied the Quitter NarrativeOn May 10, 2026, the Manchester arena witnessed a gritty, blood‑soaked bout that saw Daniel Dubois rise from the canvas twice and still secure a stoppage over the unbeaten Fabio Wardley. The win not only handed Dubois the WBO heavyweight title but also silenced critics who had labeled him a timid quitter after previous setbacks.Battle Overview: Dubois vs Wardley in ManchesterThe fight opened with an explosive exchange; Wardley dropped Dubois just 10 seconds after the opening bell. Despite the early shock, Dubois rallied, delivering relentless pressure that culminated in the referee, Howard Foster, halting the contest early in the 11th round. Both combatants emerged bruised, yet the atmosphere remained electric, underscoring boxing’s raw appeal.Date: May 10, 2026Venue: Manchester, EnglandRounds fought: 11 (stoppage)Ages: Dubois 28, Wardley 31Knockdowns: Dubois (2), Wardley (0)Numbers That Defined the FightStatistically, the bout was a war of attrition. Dubois absorbed a significant volume of punches after his first knockdown, yet his output in the later rounds surged, with an estimated 150+ power punches landed post‑knockdown. Wardley, while never felled, endured over 200 heavy blows, many of which left visible blood and swelling, highlighting the fight’s brutal nature.Repercussions for the British Heavyweight LandscapeThe victory reshapes the UK heavyweight hierarchy. Promoter Frank Warren described the night as “humbling” and a testament to boxing’s unique drama. Dubois’ triumph erases lingering doubts about his heart and durability, positioning him as a marquee draw for future pay‑per‑view events and potentially revitalising interest in British heavyweight boxing after a period of stagnation.What Lies Ahead for the New WBO ChampionWhen asked about his next opponent, Dubois simply replied, “I need a nice rest.” Nonetheless, analysts predict that his next challenge could involve a clash with former champion Oleksandr Usyk or a high‑profile showdown against rising contender Tyson Fury, should negotiations align. The bout also raises questions about Wardley’s recovery and whether he can rebound from the physical toll of an 11‑round war.
#Daniel Dubois #Fabio Wardley #WBO heavyweight title
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Economy May 11, 2026

UK Savings: Six Traps to Avoid When Finding a New Deal

With £90bn in fixed-rate accounts maturing between April and June, UK savers must navigate high-int…
The Savings Landscape in the UKEarning as much as 7% on your savings sounds great – but what's the catch? The top-paying accounts often come with strings attached, which could mean your money is not working as hard as you thought. That's important because there is a lot of cash sitting in fixed-rate savings accounts that are about to reach the end of their term. The total amount in accounts maturing between April and June is £90bn, according to the savings app Spring – and that money will need to find a new home.On top of that, there is an estimated £329bn sitting in current accounts earning 0% interest, and another £99bn in savings accounts paying 1% or less, all of which should be doing more. At a time when inflation is creeping up, it is crucial that your savings keep pace with the cost of living.The Hidden Limitations of High-Yield AccountsRegular savings accounts are a great way to build a pot, and many of them have decent interest rates – but they often limit how much you can save and for how long. The Co-operative Bank's Regular Saver (available to the bank's current account holders) pays a generous 7% interest, for example, but only on up to £250 a month. Saving the maximum into this account every month – so £3,000 over 12 months – could earn you £114 interest after a year.If that is less than you expected, the reason is that you are drip-feeding the money in over the 12 months rather than putting it all in as a lump sum at the beginning, so you are only getting 7% on the full £3,000 for one month. If you have a decent-sized lump sum to invest, you may find that something like a high-paying fixed-rate savings account is a better bet. For example, someone with a £5,000 lump sum who put it all in a savings account paying quite a lot less – 4% – could earn close to double that amount of interest in a year: £200.The Financial Impact of Bonus Rate StructuresSome top-paying accounts include "bonus rates", which disappear after a certain period, leaving you with a less generous rate. The Post Office's Online Saver, for example, offers a rate of 4.1% interest – but that is boosted by a 3.2% bonus rate for 12 months. So the interest rate without the bonus after 12 months is just 0.9%. Similarly, Tesco Bank's Internet Saver pays 4.12%, which includes a 12-month bonus rate of 3.07%.Some bonus periods may be shorter, lasting only three or six months. Savers don't need to completely avoid such accounts, but they should make a note of when the bonus ends and then move their money. Derek Sprawling at Spring says: "Check how long any bonus lasts, what balance it applies to, and what rate you will earn once it ends."Access Restrictions That Limit FlexibilityEasy access accounts are great for anyone who might need to get hold of their money quickly. But the access might not be as easy as you think. Analysis by Spring found that 77% of easy-access accounts that come with paid-for or premium current accounts have extra restrictions. Almost half have tiered interest rates, while nearly a third have withdrawal restrictions.Be sure to understand the rules or you may face a penalty, such as a reduced interest rate or forfeiting the interest you have earned. Sometimes there is a clue in the name. Mansfield building society's Triple Access Bonus Saver pays 4.25%, which includes a 1% bonus for 12 months – but you are restricted to three withdrawals in each calendar year.How Balance Tiers Affect Your ReturnsThe interest rate you get can sometimes depend on your balance. Some accounts offer a better rate the more money you have, while others pay the top rate only up to a certain amount, so those with a larger pot miss out. The Santander Edge Saver account pays 6%, for example, but only on balances up to £4,000. Savers with this amount stashed away could earn £200 over a year. But those with more won't earn any extra – no interest is paid on balances above £4,000 – so they would be better-off taking their additional savings elsewhere.Other accounts have eligibility criteria that restrict who can open one. These might include needing a current account with the bank or a minimum deposit. Other accounts are open only to certain professions, such as teachers, or to people in particular regions or postcodes.The Future of UK Savings and Consumer ProtectionAs more consumers become aware of these traps, financial institutions may face pressure to offer more transparent products. James McCaffrey at the credit score app TotallyMoney warns: "When it comes to savings, if it looks too good to be true, it might well be. Check the small print – headline-grabbing rates don't always tell the full story."With billions of pounds sitting in low-yield accounts and maturing fixed-term products, the coming months will see many UK savers making critical decisions about where to park their money. Those who take the time to understand the full terms and conditions of high-interest offers will be best positioned to maximize their returns while maintaining the flexibility they need.
#UK savings #interest rates #financial traps
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Sports May 11, 2026

Ollie Peake Set for Australia Debut on Pakistan Tour

Teenage prodigy Ollie Peake and all-rounder Liam Scott have been named in Australia's white-ball sq…
The Rise of Ollie Peake Up-and-coming 19-year-old batter Ollie Peake and all-rounder Liam Scott have been given their first call-ups to Australia’s white-ball squads, but veteran T20 all-rounder Glenn Maxwell was left out. Australia's Tour Schedule Australia will play three one-day internationals against Pakistan in Rawalpindi and Lahore from 30 May before travelling to Bangladesh in June for three ODIs in Dhaka and three T20s in Chattogram. The Impact of Key Player Absences ODI captain Pat Cummins and fellow fast bowlers Josh Hazlewood and Mitchell Starc will miss the tours to rest after playing in the IPL. Twenty20 skipper Mitchell Marsh will captain the ODI team in Cummins’s absence. New Faces in the Squad Peake, who has captained Australia Under-19s, will be blooded at senior level for the first time on the Pakistan leg of the tour. The 25-year-old Scott was named in the ODI squads. Left-arm spinning all-rounder Joel Davies, 22, was named in the T20 squad for the first time. Squad Listings Australia squad for Pakistan ODIs: Mitchell Marsh (captain), Alex Carey, Nathan Ellis, Cameron Green, Josh Inglis, Matthew Kuhnemann, Marnus Labuschagne, Riley Meredith, Oliver Peake, Matthew Renshaw, Tanveer Sangha, Liam Scott, Matt Short, Billy Stanlake, Adam Zampa Australia squad for Bangladesh ODIs: Mitchell Marsh (captain), Xavier Bartlett, Alex Carey, Cooper Connolly, Ben Dwarshuis, Nathan Ellis, Cameron Green, Travis Head, Josh Inglis, Matthew Kuhnemann, Marnus Labuschagne, Matthew Renshaw, Tanveer Sangha, Liam Scott, Adam Zampa Australia squad for Bangladesh T20s: Mitchell Marsh (captain), Xavier Bartlett, Cooper Connolly, Tim David, Joel Davies, Nathan Ellis, Cameron Green, Aaron Hardie, Travis Head, Josh Inglis, Spencer Johnson, Matthew Kuhnemann, Riley Meredith, Josh Philippe, Matthew Renshaw, Adam Zampa The Future of Australian Cricket “It’s always exciting to see new players get an opportunity to play international cricket and be a part of the national team,” national selection chair George Bailey said. “The blend of experienced players coupled with new or returning players will provide a nice mix for these subcontinent tours.”
#Ollie Peake #Australia Cricket #Pakistan Tour
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Sports May 11, 2026

Victor Wembanyama Ejected for Elbowing Naz Reid in Spurs' Playoff Loss

Victor Wembanyama was ejected for the first time in his NBA career after elbowing Naz Reid's jaw du…
The Incident Victor Wembanyama was ejected for the first time in his NBA career after an elbow to the jaw of Naz Reid as the Minnesota Timberwolves beat the San Antonio Spurs to level their playoff series. Details of the Play Wembanyama was whistled for an offensive foul as soon as he struck Reid, who had swarmed the Spurs star outside the paint along with teammate Jaden McDaniels after the 7ft 4in Wembanyama rebounded a missed three-pointer by the Spurs. The incident occurred during a crucial moment in the game, with the fans at Minnesota's Target Center chanting, 'Kick him out! Kick him out!' After a video review of the play, the foul was upgraded to a Flagrant 2 for excessive contact above the neck. The Impact of the Ejection The penalty triggered an automatic ejection, immediately swinging the balance of the game, which the Timberwolves won 114-109. The best-of-seven series is now level at 2-2. When the penalty was announced, Wembanyama appeared to ask teammate Harrison Barnes: 'What does that mean?' Reid sank both free throws to give the Timberwolves a 38-34 lead after Wembanyama's ejection. Wembanyama's Performance Despite the ejection, Wembanyama had an impressive game prior to the incident, with 39 points on 13-for-18 shooting from the floor in Game 3. The Series Outlook With Reid, Julius Randle, and McDaniels in their frontcourt, the Timberwolves have had plenty of muscle and tenacity to send at Wembanyama, setting up a competitive series.
#Victor Wembanyama #Naz Reid #San Antonio Spurs
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Sports May 11, 2026

Knicks Sweep 76ers with Record‑Breaking Three‑Point Quarter

The New York Knicks completed a 4‑0 sweep of the Philadelphia 76ers, setting an NBA postseason reco…
Lead: Knicks Deliver Historic Sweep in PhiladelphiaThe New York Knicks wrapped up a 144‑114 victory over the Philadelphia 76ers to close out a 4‑0 series sweep, highlighted by an NBA postseason record of 11 three‑pointers in the opening quarter.Knicks Set NBA Postseason Record with 11 Threes in First QuarterIn Game 4, the Knicks erupted early, converting 11 of 13 attempts from beyond the arc – a mark that ties the league’s best for a single quarter. Deuce McBride spearheaded the barrage, hitting four consecutive threes to spark a 20‑6 run and becoming the first Knick since 1997 to make four threes in the first quarter of a playoff game.Jalen Brunson added two threes in the quarter, contributing to the Knicks’ 11‑of‑13 shooting display.Josh Hart and Karl‑Anthony Towns each tallied 17 points.The Knicks finished the half with 54 points from 18 threes.Statistical Breakdown: 25 Threes, 144 Points, 30‑Point VictoryDeuce McBride finished with 25 points and tied the NBA postseason record by draining 25 three‑pointers. The team’s shooting efficiency translated into a 30‑point margin, the widest in a series‑closing game this postseason.Total threes: Knicks 25 (tied record), 76ers 13First‑half lead: Knicks 81‑57Series sweep: Knicks’ first best‑of‑seven sweep since the 1999 East semifinals.What the Sweep Means for the Eastern Conference LandscapeThe dominant performance not only propels the Knicks into the Eastern Conference finals for a second consecutive year but also signals a shift in fan dynamics. Thousands of Knicks supporters filled the Wells Fargo Center, waving “Always Knicks” towels and even raising brooms to mock the home crowd, underscoring the team’s growing national brand.For the 76ers, the loss extends a franchise‑wide drought: they have not advanced past the second round since 2001. Despite Joel Embiid scoring 24 points and Tyrese Maxey adding 17, the series highlighted Philadelphia’s defensive vulnerabilities against high‑volume three‑point shooting.Looking Ahead: Knicks’ Path to the Conference Finals and BeyondNew York now awaits the winner of the Cleveland‑Detroit series, a matchup currently led by the Pistons 2‑1. Coach Mike Brown, who replaced Tom Thibodeau last season, has already guided the Knicks to seven straight playoff wins.Key challenge: Containing the Eastern powerhouse that emerges from the Cleveland‑Detroit clash.Potential storyline: Whether the Knicks can sustain their three‑point firepower against a defensively disciplined opponent.Long‑term implication: A deep playoff run could cement the Knicks’ resurgence after a 25‑year conference‑final drought.
#New York Knicks #Philadelphia 76ers #Deuce McBride
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Sports May 11, 2026

Rashford's Free-Kick Masterclass Secures Historic La Liga Title for Barcelona

Marcus Rashford delivered a stunning free-kick in the El Clásico to seal the La Liga title for Barc…
The Historic El Clásico DeciderThree days after a dramatic internal conflict between Fede Valverde and Aurélien Tchouaméni exposed Real Madrid's fragility, the club returned to the Camp Nou to face a Barcelona side hungry for redemption. The outcome was decisive: Marcus Rashford delivered the knockout blow, scoring a sublime free-kick that secured the La Liga title for Hansi Flick’s side with three games to spare. The atmosphere was electric as 62,000 fans began the party, witnessing a match that has not decided the Spanish league in 94 years.The opening goal arrived early, on the ninth minute, setting the tone for a dominant performance. Rashford’s strike was a moment of pure individual brilliance; from the right edge of the area, he curled a ball over a wall of four defenders and past the world’s best goalkeeper, Thibaut Courtois. The Englishman’s celebration was jubilant, chased by his teammates, marking a fitting end to his loan spell if it is indeed temporary.Rashford’s Statistical Surge and Historical SignificanceHistoric Context: This is the first time since 1932 that a meeting of the sport’s greatest rivals has decided the La Liga title.Rashford’s Impact: The English forward finished the season with 14 goals and 14 assists, showcasing elite versatility and efficiency.Team Dynamics: The assist from Dani Olmo to Ferran Torres highlighted Barcelona’s fluid attacking system, which has been the backbone of their title charge.A Crisis of Confidence at the Santiago BernabéuFor Real Madrid, the loss was not just a tactical defeat but a psychological blow. The club had managed to avoid a formal title handover last week by beating Espanyol, but the narrative could not be suppressed forever. The internal strife involving Valverde and Tchouaméni, which saw the vice-captain hospitalized, laid bare a crisis of confidence that has plagued the squad. This season ends with Real Madrid trophyless for the second consecutive year, a rare and uncomfortable drought for the European giants.The absence of club president Florentino Pérez from the directors' box during the trophy ceremony underscored the disconnect between the board and the current reality. As the celebrations erupted around them, Madrid players departed the stadium, leaving behind a club that is now forced to look inward and rebuild.Shifting the Balance of Power in Spanish FootballThe victory for Barcelona signals a definitive shift in the balance of power in Spanish football. Under the tactical guidance of Hansi Flick, Barcelona has rediscovered its identity, blending high pressing with clinical finishing. The team’s control over the league was evident throughout the season, and this win serves as the coronation of that project.Looking ahead, the narrative for the upcoming seasons is clear: Barcelona is the team to beat, while Real Madrid faces a critical period of transition. The pressure will be on Los Blancos to resolve their internal issues and re-establish their dominance, knowing that the window for recovery is closing rapidly in the face of a resurgent Catalan side.
#Marcus Rashford #Barcelona #Real Madrid
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