You are on page 1of 2

3U

LQW
$U
WL
FOH

&OL
PDW
H
FKD
QJH
FO
RFN
ZL
QGV
GR
ZQ K
WW
S
ZZZ
VPK
FRP
DX
DFW
LRQ
SU
LQW
$UW
LFO
H"L
G 





3UL
QW
WKL
V
DUW
LF
OH
_

&ORV
HW
KLV
ZL
QGRZ

&O
L
PDW
HF
KDQJH
FO
RFN
ZLQGV
GRZQ
,
DQ
/RZH
'HF
HPEH
U




30

:HDU
H
QRW
OL
YLQJ
VXVW
DLQ
DEO
\L
Q$XVW
UDO
LD
:H
Q H
HGW
RPDNH $GYH
UWL
VHPH
QW
V
LJQL
ILF
DQW
FKD
QJHVL
I
ZHZD
QW
WRD
FKLH
YHRXU
JRYHU
QPH Q
WV


RII
LFL
DO
JRD
O
RIV
XVW
DLQD
EOH
GHYHO
RSPHQW

$V
GHOH
JDW
HV
JDW
KHU
LQ
0H[LFR

V
&DQFXQ
IRU
JO
RED
O
FO
LPDW
H
WDO
NV

LW

V
ZRUW
KU
HPHPEHUL
QJ
WKDW
W
KH
IXW
XUH
LV
QRW
VRPHZK
HUH
ZH
DU
H
JRLQJ
L
W
LV
VRPHW
KLQ
JZH
DUH
FUH
DWL
QJ

,W
L
V
PRUDOO
\
LQGHI
HQVL
EOH
W
RFRQW
LQXH
DSSU
RDFKHV
W
KDW
ZHN
QRZD
UH
QRW
VXV
WDL
QDEO
H
7KHVH
HI
IHF
WLYH
O\
FRQGHPQI
XWXU
HJ
HQHUD
WL
RQV
±
RXU
RZQGH
VFHQGD
QWV
±
WR
DS
RRUHU
TXDOL
W\
RI
OL
IH

7ZHQW\
\HDU
V
DJR
LW
PD\
KDYH
EHHQ
DFFHSW
DEO
H
WR
FODL
PWKDW
W
KH
HYL
GHQFH
IRU
KXPDQFD
XVHG
FOL
PD W
HF
KDQJH
ZDV
QRWF
RQYLQF
LQJ
RU
WK
DW
WKH
H[SHU
WV
PLJKW
KDY
HEHH
QZURQJD
ERXW
SHD
NRLO

RU
QRW
WR
KDYH
QRW
LFHG
WKD
W
WKH
ZRUOG
LV
O
RVLQJ
ELRGL
YHU
VL
W\
IDVW
HU
WKD
QDW
DQ\
WL
PHL
QW
KHI
RVVL
O
UHF
RUG

7R
PDL
QWD
LQ
VXF
KD
VW
DQF
HQ
RZ
LV
M
XVW
SH
UYH
UVH


7KH
RO
G
DSSU
RDFK
RI
WU
XVW
LQJ
JU
RZWK
DQG
HFRQRPLF
GHYH
ORS
PHQ
W
WR
SURY
LGH
D
EHW
WH
U
IXW
XUH
L
V
QRW
ZRU
NLQ
J
,W
F
DQQ
RW
ZRU
N
EH
FDXV
HW
KH
DVV
XPSWL
RQV
MXV
WL
I\L
QJ
LW
D
UH
IDW
DOO
\I
ODZHG


:HFD
Q
W
V
LPSO
\
VFD
OH
XS
WK
HS
UHV
HQW
ZD
\RI
O
LI
HL
Q
FRXQ
WUL
HV
OL
NH
$XV
WUD
OL
D
DQG
H[
WHQ
GW
KDW
D
SSU
RDF
KW
RW
KH
JORE
DO
SRS
XODW
LRQ

:HV
KRXOG
LQ
VWH
DGS
URPRWH
WK
HFKD
QJHV
WR
WKH
SD
WW
HUQ
RI
HQH
UJ\
VXSSO
\
DQG
XV
HW
KDW
ZRXO
GD
OO
RZ
XV
WR
OL
YH
VXV
WDL
QDE
O\

DQG
RI
IHU
RXU
GH
VFHQG
DQWV
DW
O
HDV
W
DI
LJKW
LQJ
FKD
QFH
RI
D
FLYL
OL
VHG
IXW
XUH


2L
O
FU
XQF
K

7K
H$V
VRF
LDW
LRQ
IRU
W
KH
6WXG
\RI
3H
DN
2LO
E
HOL
HYH
VW
KDW
ZRU
OG
SURG
XFW
LRQ
RI
FRQ
YHQ
WLRQ
DO
RLO
L
V
DO
UHD
G\
GHF
OL
QLQ
J

,
Q
WKH
VKRU
W
WH
UP
WRW
DO
RLO
SU
RGXFW
LRQ
ZLO
O
EH
VXV
WDL
QHG
E\
RLO
I
URPG
HHS
ZDWH
U
DQG
WK
HQ
RUW
KHU
QS
ROD
U
UHJ
LRQ

VXS
SOH
PHQ
WHG
E
\J
DV
FRQGHQV
DWH
V
%XW
WKH
RYHU
DOO
SH
DN
LV
SU
RED
EO\
RQO
\D
ERXW
IL
YH
\HD
UV
DZD\

0RVW
RI
RXU
WUD
QVSRU
W
SO
DQQL
Q J
L
VV
WL
OO
EDV
HG
RQ
WKH
LPSO
LFL
W
DVV
XPSWLRQ
WKDW
ZH
ZLOO
D
OZD\V
KD
YH
FKHDS
SHW
URO
HXP
IXHO
V
7K
HRUJ\
RI
EXL
OGL
QJ
URDG
V
WXQQH
OV
DQG
EUL
GJH
VL
Q
FLW
LH
VO
LNH
%UL
VED
QH 
LV
D
VSHF
WDF
XODU
O\
PLV
JXLGH
GXV
HRI
V
FDU
FH
UH
VRXUF
HV

:H
VKRXO
GEH
DVV
HVV
LQJ
W
UDQV
SRU
W
VFKH
PH V
QRZ
WR
VHH
KRZVH
QVL
EOH
W
KH\
ZLOO
O
RRN
ZK
HQ
IXH
O
SUL
FHV
U
LVH
W
R
D
OL
WU
H
D
V
W
KH\
DU
HO
LNH
O\
WR
EH
ZLW
KLQ
D
GHF
DGH

RU
D
OL
WU
H
DV
WKH
\F
RXOG
EH
E\


7ZR
GHJU
HHV

WRR
PXF
K

7KH
$XVW
UDO
LDQ
$FDGHP\
RI
6FL
HQFH
UH
FHQ
WO\
VXPPDUL
VHG
RXU
NQRZOH
GJH
RI
FO
LPDW
H
FKDQJH

7KH
FRQVH
QVXV
L
VW
KDW
W
ZR
GH
JUHH
VL
QFU
HDVH
LQ
DYHU
DJH
JO
REDO
W
HPSHU
DWXUH
PD\
FD
XVH
UXQD
ZD \
FO
LPDW
H
FKDQJ
HW
KDW
ZRXOG
GH
VWU
R\
RXU
OL
IHV
W\O
H

7R
KDYH
D

FKDQF
HRI
DY
RLGL
QJ
WKD
W
DSS
DOO
LQJ
IXW
XUH

ZRU
OG
UH
OHD
VH
RI
FDU
ERQ
GL
R[L
GH
LQW
RW
KH
DW
PRV
SKH
UH
QHH
GV
WR
SHD
NE
\
DQG
WK
HQW
UHQ
GVW
HHS
O\
GRZQZDU
G

6R
MXV
W
WR
EH
LQ
D
SRVL
WL
RQRI
WRVV
LQJ
D
FRL
Q
KHD
GV
FL
YLO
LV
DWL
RQ
VXU
YLY
HV

WDL
OV
L
W
GRH
VQ

W

ZH
QHH
GW
RU
DGL
FDO
O\
FKD
QJH
RXU
HQH
UJ\
VXS
SO\
DQG
XVH
SD
WWHU
QLPPHGLD
WHO
\

(YHQ
D
ERG\
DV
FRQ
VHU
YDW
LYH
DV
W
KH
,QW
HUQ
DWL
RQD
O
(QH
UJ\
$J
HQF
\L
V
QRZ
VD\
LQJ
ZH
QH
HG
³QRW
KLQ
JO
HVV
W
KDQ
DQ
HQ
HUJ
\
UH
YROXW
LRQ
´


RI
 



30
3U
LQW
$U
WL
FOH

&OL
PDW
H
FKD
QJH
FO
RFN
ZL
QGV
GR
ZQ K
WW
S
ZZZ
VPK
FRP
DX
DFW
LRQ
SU
LQW
$UW
LFO
H"L
G 



3RSXO
DWL
RQ
SUH
VVXU
HV

7KHU
HD
UH
RWKH
U
UH
ODW
HGL
VVXHV

7KH
ZRUO
GSRSXOD
WL
RQL
V
VWL
OO
JU
RZLQJ
E\
DE
RXW
PL O
OL
RQ
D
\HDU

LQF
UHDV
LQJ
WK
HG
H PDQG
IRU
VXF
KHV
VHQW
LDO
V
HUYL
FHV
DV
IRRG
DQG
GU
LQNL
QJZDWH
U
%XW
ZHD
UH
ORV
LQJ
DU
DEO
HO
DQGW
RXU
EDQ
H[S
DQVLRQ
DQ
GSD
VW
XQVXVW
DL
QDEOH
XVH

ZK L
OH
ZDWH
U
DYDLO
DEL
OL
W\L
V
EHL
QJ
DII
HFW
H G
E\
FOL
PDWH
FKD
QJH

$V
XVW
DL
Q D
EOH
IXW
XUH
GHPDQG
VD
FRQF
HUW
HG
DSS
URDFK
W
RWKH
VH
SURE
OHPV
(YHQ
W
KH
:RUOG
(FRQRPLF
)RUXPV
DLG
DW
L
WV
VXPPLW
RQ
WK
HJO
REDO
D
J H
QGD
WK
DWZH
QH
HG
WR
³UH
ERRẂ
WKH
HF
RQRP\
UHV
WDU
W
LW
ZL
WK
GL
II
HUHQW
SD
UDPHW
HUV

:HD
OO
PD N
HGHF
LVL
RQV
E D
VHG
RQ
WKH
LQ
IRU
PDWL
RQ
ZHK
DYH
DQG
RXU
YDO
XHV
RU
RXU
IU
DPHZRUN
IRU
SU
RFH
VVL
QJW
KDW
L
QIRU
PD W
LRQ
6R
WKH
HGXFDW
LRQ
V\V
WHP
KDV
DQ
L
PSRUW
DQW
U
ROH
RI
JL
YLQ
JSH
RS O
HW
KH
LQI
RUPD
WL
RQWK
H\
QHH
GW
RPDNH
ZL
VH
GH
FLV
LRQV
DERXW
RXU
IXWXU
H

2I
FRXUV
H
WKD
W
GRHV
Q
W
J
XDUD
QWHH
ZH
ZLO
O
PDNHJ
RRG
FKRL
FHV

6RPH
VWL
OO
F
KRRVH
WR
VPRNHW
RED
FFR
RU
WR
GUL
YH
ZKL
OH
GUXQ
N
%XW
HGXF
DWRUV
KD
YH
D
UHVS
RQVL
ELO
LW
\
WR
PDNH
SHRSO
H
DZDUH
RI
W
KH
FRQ
VHTXHQ
FHV
RI
WKH
LU
FKRL
FHV


&RU
HF
XUU
LFXO
XP

4XHHQV
ODQG

V
HGXFD
WLRQ
GHSDU
WPHQW
K
DV
GHFL
G H
GW
KDW
W
KHF
RUH
FXUU
LFXO
XPVKRXO
GL
QF O
XGH
EDVL
F
LGH
DV
DERXW
V
XVWD
LQDEL
OL
W\

W
KHO
LPLW
V
RI
PD W
HUL
DO
UHV
RXUFHV

WK
HL
PSOLF
DWL
RQV
RI
XVLQJ
UH
QHZDEOH
UH
VRXUFHV

QDWXUDO
F
\FO
HV
DQG
WKH
L
PSDFW
RI
KXPDQ
DF
WLY
LW\
RQ
WKH
PW
KH
S U
REOH
PRI
IHH
GLQJ
D
JURZLQJ
SRSXO
DWL
RQI
URPD
VKU
LQNL
QJD
UHDRI
SU
RGXFW
LYH
O
DQG

,
W
KDV
DO
VRG
HFL
GHG
WKD
W
VFK
RRO
V
VKRXO
G
HPE
RG\
W
KHV
HS
ULQ
FLS
OHV
L
QW
KHL
U
RSH
UDW
LRQ

WK
HLU
XV
HRI
HQ
HUJ
\D
QG
RWK
HU
UH
VRXU
FHV
O
LNH
ZDWH
U
DQG
SDS
HU

7K
LV
DSS
URD
FK
VKRXO
G
EH
H[W
HQG
HG
WKU
RXJ
KRXW
W
KH
IRU
PDO
H
GXF
DWL
RQ
V\V
WHP

6RPH
L
QVW
LW
XWL
RQV
DU
H
DO
UHD
G\
GRL
QJ
LW


)RU
H[D
PS O
H
,
KH
DUG
DW
D
UH
FHQ
WF
RQI
HUH
QFH
L
Q
1HZ
=HD
ODQ
GW
KDW
2W
DJR
3RO
\WH
FKQ
LF
KDV
GH
FLG
HG
WKH
\ZD
QW
WR
EH
D
VXV
WDL
QDEO
H
LQV
WL
WXWL
RQ

7KH\
DU
HW
HDF
KLQ
JW
KH
SUL
QFL
SOH
VRI
V
XVW
DLQ
DEL
OL
W\
W
RD
OO
V
WXG
HQW
V
XV
LQJ
SU
DFW
LFD
O
H[D
PSO
HV
IU
RP
WK
HLU
F
DPS
XV
WR
UH
LQI
RUF
H
WK
HPHVV
DJHV


,
D
UJXHG
LQ
D
UHFH
QW
SXEO
LF
OH
FWXUH
IRU
9L
FWRU
LD
8QL
YHU
VLW
\
WKD
W
RXU
XQ
LYH
UVL
WL
HV
VKRXO
GD
GRS
W
WK
LV
DSS
URD
FK

1RZ
WKD
W
ZRXO
G
E
HD
JUH
DW
LQYH
VWPHQW
L
Q
RXU
IXWXU
H

,
DQ/RZH
LV
HPHULW
XV
SURIH
VVRU
RI
V
FLH
QFH

WH
FKQRO
RJ\
DQG
VRF
LHW
\
DW
*UL
II
LW
K8QL
YHU
VLW
\
DQG
3UH
VLGH
QW
RI
WKH
$XV
WUDO
LDQ
&RQVHU
YDW
LRQ)RXQGDW
LRQ

7K
LV
VW
RU\
ZD
VI
RXQG
DW

KWW
S
ZZZ
VPK
FRP
DX
EXV
LQH
VV
FOL
PDW
HF
KDQJH
FO
RFN
ZL
QGV
GRZQ



MS
KW
PO


RI
 



30

You might also like