Showing posts with label nonfiction. Show all posts
Showing posts with label nonfiction. Show all posts

The 9/11 Report: The National Commission on Terrorist Attacks Upon the United States Review

The 9/11 Report: The National Commission on Terrorist Attacks Upon the United States
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The 9/11 Report: The National Commission on Terrorist Attacks Upon the United States ReviewYou might be wondering what this printing of the book includes versus the others, so I've decided to make up a little grocery list.
1. This book isn't "authorized". That doesn't mean anything to me, but it might to you.
2. This book is cheaper than the authorized paperback version by a few dollars (at MSRP at least).
3. The book is physically smaller.
4. The book includes about 70 pages of reporting and analysis by the New York Times, which the authorized version DOES NOT have.
5. The book DOES NOT include the endnotes, whereas the authorized edition does. However, the superscript endnote references are still included in the text, and correspond to the endnotes section available on-line on the 9/11 Commission website.
6. This version includes the Executive Summary. I am not certain whether the authorized edition includes this or not, but I believe not.
You should be aware before buying either version of this report that the entire authorized edition of the text (including the executive summary and endnotes) is available for FREE on-line at the website for the 9/11 Commission. The only thing in this text that is not available on-line is the 70 pages of New York Times articles, which are (as far as I know) only available in this edition of the book.
The report is generally very interesting to read. It's not as boring as you might be expecting it to be. Any American concerned at all with his government and the fate of his country would do well to read this.The 9/11 Report: The National Commission on Terrorist Attacks Upon the United States Overview

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Generation Green: The Ultimate Teen Guide to Living an Eco-Friendly Life Review

Generation Green: The Ultimate Teen Guide to Living an Eco-Friendly Life
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Generation Green: The Ultimate Teen Guide to Living an Eco-Friendly Life ReviewGeneration Green is a book that will truly make a difference with teens and anyone who reads it. I read it fairly quickly and am passing it along to my 18 year old son. This book will teach you ways you can make a difference in many ways, big and small. If each of us changes just one thing that we do we can make big changes. If we each change a few things and increase that over time, we can make even bigger changes and a huge difference for our future and our childrens futures. Why anyone would ignore or not do any of the things mentioned in this book, is just beyond me.
This great little book lets teens know how much water it takes when they take a shower, and really just informs them of the facts of life all over the world and how easy we have it. It then tells them small things they can change in their lifestyle to make big differences.
I think this book should be required reading for every high school. I plan on buying many and giving them to everyone I know, teens and adults.If I could give this book more than 5 stars, I would.Generation Green: The Ultimate Teen Guide to Living an Eco-Friendly Life Overview

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Inside Al-Qaeda and the Taliban: Beyond bin Laden and 9/11 Review

Inside Al-Qaeda and the Taliban: Beyond bin Laden and 9/11
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Inside Al-Qaeda and the Taliban: Beyond bin Laden and 9/11 ReviewSyed Saleem Shahzad (Asia Times Online) published some of the best and most insightful articles on terrorism in the past decade.
He was the first to interview leading commanders of al Qaeda's so-called shadow army, including Siraj Haqqani (leader of the Haqqani network), Ilyas Kashmiri (leader of Brigade 313), Mullah Nazir (South Waziristan), and Qari Ziaur Rahman (Kunar/Nuristan/Bajaur), and countless others.
I have consumed most books published on terrorism in the past decade, but a lot of those books lack insight,
because hardly anybody can venture into the tribal areas of Pakistan.
Syed Saleem Shahzad could.
If anybody knew what is going on in the al Qaeda's capital, it was Syed Saleem Shahzad.
His murder shortly after the publication of this book (possibly by the infamous Pakistani intelligence agency ISI) only confirms that some people were very worried by his reporting.
Anybody interested in terrorism should consider buying this book.
If you have doubts, read some of his many articles at Asia Times Online: [...]Inside Al-Qaeda and the Taliban: Beyond bin Laden and 9/11 Overview

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Pthreads Programming: A POSIX Standard for Better Multiprocessing (O'Reilly Nutshell) Review

Pthreads Programming: A POSIX Standard for Better Multiprocessing (O'Reilly Nutshell)
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Pthreads Programming: A POSIX Standard for Better Multiprocessing (O'Reilly Nutshell) ReviewThe strength of this book is it's brevity: 233 pp of text plus appendices. But the code samples are incomplete (fragments). You'll be able to get an idea of how pthreads work and the methods available, but you'll have a very hard time if you need to actually write code. There is an error on p.126. If you want to write code, get "Programming with POSIX Threads" by David Butenhof. It has complete code examples and is not that much longer: 305 pp of text plus appendices. But I did find this Nichols book helpful when I was curious about pthreads. I commend O'Reilly for the nice illustrations in this book -- above average. They helped convey concepts.Pthreads Programming: A POSIX Standard for Better Multiprocessing (O'Reilly Nutshell) Overview

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Saudi Arabia Exposed : Inside a Kingdom in Crisis, Updated Edition Review

Saudi Arabia Exposed : Inside a Kingdom in Crisis, Updated Edition
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Saudi Arabia Exposed : Inside a Kingdom in Crisis, Updated Edition ReviewI bought this from amazon after I saw Bradley on Fox & Friends on Sunday 12 June. He was the most articulate speaker on Saudi Arabia I have seen on the networks. Crucially, he lived there for 2.5 years and speaks Arabic. He is also unusual in that his book combines very literary prose (he has edited and published critically acclaimed books on the great Anglo-American author Henry James) with political journalism and travel narrative. The result, Saudi Arabia Exposed, is far from the usual boring academic book you have to struggle through to get useful information. If you are a layperson who wants to know what makes the Saudis tick, what makes them seem to be our allies and our enemies at the same time, this is the book to buy.Saudi Arabia Exposed : Inside a Kingdom in Crisis, Updated Edition Overview

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Angela's Ashes: A Memoir Review

Angela's Ashes: A Memoir
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Angela's Ashes: A Memoir ReviewAngela's Ashes is a book so filled with remorse and sadness, it's amazing that the reader somehow finds themself completely and joyfully satisfied. The novel revolves around the penniless childhood of Frank McCourt and begins in America with four-year-old Frank and his three year-old brother Malachy, who bears the same name as his father, and the infant twins, Eugene and Oliver, and the memories of the baby Margaret, "already dead and gone." Your heart goes out to the poor family, blessed with a loving mother, Angela, and yet cursed with a father who means well, but is constantly drunk or yearning for the "pint," as they call it. Early in his life, McCourt's family moves to Ireland, with help from his aunts and grandmother. Unfortunately, money is not easily found in Ireland either, and the McCourt family migrates from home to home, barely surviving on the few shillings Malachy McCourt doesn't spend at the local pub. The McCourts experience tragedy upon tragedy. His physical romance with a young lady named Theresa Carmody sick with consumption, his unfortunate habit to "interfere with himself," and the sad moment when in a drunken stupor on his first pint he strikes his own mother causes Frank to fear he is doomed to an eternity in hell. Unbelievably, despite all of the terrible things that happen in Frank's childhood, there are moments described in the book that give the reader a complete sense of joy and hope. I immensely enjoyed this memoir and would recommend it to any reader. I was especially enamored of the style of writing in which Frank McCourt chose to write. The words seemed as if they gently tumbled directly out of the mouth of the seven-year-old Frankie, or mischievously flew from Frank as an thirteen-year-old "working man." This novel was exquisitely written and is a jewel to read, as well as a treasure to remember.Angela's Ashes: A Memoir Overview

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The Challenge for Africa Review

The Challenge for Africa
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The Challenge for Africa ReviewOf the three of four books I have consumed so far for an introduction to Africa's current condition, this one is by far the best, and if you buy only one, this is the one. The other two, each valuable in its own way, are:
The Trouble with Africa: Why Foreign Aid Isn't Working
Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa
Tomorrow I will plow through Africa Unchained: The Blueprint for Africa's Future and post a review.
The author, a Nobel Peace laureate for the Green Belt Movement, delivers a very straight-forward, practical "woman's voice" account of both the past troubles, present tribulations, and future potential of Africa. This book is replete with "street-level" common sense as well as a real sense of nobility.
Early on the author addresses the reality that uninformed subsistence farming, what 65% of all Africans do, is destroying the commons. I find that ignorance--and the need to educate and inform in their own local language (no easy task when speaking of thousands of local languages)--is a recurring theme in this book. I see *enormous* potential for the application of what the Swedish military calls M4IS2 (multinational, multiagency, multidisciplinary, multidomain information-sharing and sense-making).
The author provides an ample tour of the horizon of aid, trade, and debt imbalances, of the dangers of culture and confidence of decline, of the need to restore cultural and environmental diversity, and of the need to reprioritize agricultural, education, and environmental services instead of bleeding each country to pay for the military and internal security (and of course corruption).
CORE POINT: The *individual* African is the center of gravity, and only Africans can save Africa--blaming colonialism is *over*. The author's vision for a revolution in leadership calls for integrity at the top, and activism at the bottom, along with a resurgence of civil society and a demand that governments embrace civil society as a full partner.
CORE POINT: The environment must be central to all development decisions, both for foster preservation and permit exploitation without degradation. Later in the book the author returns to this theme in speaking of the Congo forests, pointing out that only equity for all those who are local will allow all those who are foreign to exploit AND preserve.
I am fascinated by the author's expected discussion of the ills of colonialism including the Berlin division, the elevation of elites, arbitrary confiscations of lands, and proxy wars, what I was NOT expecting was a profound yet practical discussion of how the church in combination with colonialism was a double-whammy on the collective community culture of Africa.
The author observes that any move away from aid, which has been an enabler of massive corruption at the top, and toward capitalization and bonds [as the author of Dead Aid proposes in part] will be just as likely to lead to corruption absent a regional awakening of integrity.
The author discusses China, observing that China has used its Security Council veto to protect African interests, and the author observes that the West continues to destroy Africa with arms sales, France and Russia especially, followed by China, with the US a low fourth.
I learn that patronage and the need for protection are the other side of corruption as a deep-seated rationalization for keeping power, and I learn that pensions in Africa are so fragile that retirement is fraught with risk, another reason to seek long-term power holding. I am inspired to think of a regional pension fund guaranteed by Brotherly Leader Muuamar Al-Gathafi.
On a hopeful note the author praises the election of Ellen Johnson-Sirleaf as leader of Liberia, and sees real promise in the AU leadership summits that she attends.
CORE IDEA: Leadership training at all levels must keep pace with the changes in technology and the complexity of Africa's engagements. Civil Society in particular must be understood and embraced by government leaders at all levels.
The author spends time around page 134 discussing her pilot project to create local empowerment, devolving decision-making to create a multi-layered structure that establishes priorities while also providing accountability and transparency, minimizing corruption. Using a trained facilitator, the author brought together around 40 fifteen-person committees to create a strategic plan, and that is now useful as a map regardless of turn-over.
On page 158 the author briefly discusses ECOSOC (Economic, Social, and Cultural Council of the African Union) founded in 2005 to bring the voices of the people into the AU deliberations; to educate the peoples of Africa on all aspects of African affairs; and to encourage civil society throughout Africa.
My reaction: ECOSOCC is a center of gravity and could be the lever needed to create a regional M4IS2 network that substitutes information for violence, capital, time, and space. A harmonization of investments to address regional cell phone access (Nokia ambient energy devices), regional radio stations using solar power; and a regional public information program on the basics of mosquito control and other key public health topics, all call out for action in partnership with ECOSOCC.
Later in the book the author equates misinformation with alcohol and drugs. Ignorance is a recurring theme.
The conclusion of the book is full of deep wisdom on re-imagining community, restoring family by returning the men, stopping the brain drain, and making it easier for remittances to return; of the need to create micro-nation forums within each macro-nation; of the need to create local radio stations in each of the local languages and dialects; of the need to address energy shortfalls while stopping the march of the desert; and finally, of the need to address the pressing twin issues of land ownership and tourism management so as to restore the primacy of African interests.
The book ends on a hugely positive note calling for Africans to reclaim their land; reclaim their culture; and reclaim themselves.
Other books I consider relevant to respecting Africa:
Breaking the Real Axis of Evil: How to Oust the World's Last Dictators by 2025
Deliver Us from Evil: Peacekeepers, Warlords and a World of Endless Conflict
A More Secure World: Our Shared Responsibility--Report of the Secretary-General's High-level Panel on Threats, Challenges and Change
The leadership of civilization building: Administrative and civilization theory, symbolic dialogue, and citizen skills for the 21st century
How to Change the World: Social Entrepreneurs and the Power of New Ideas, Updated Edition
The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits (Wharton School Publishing Paperbacks)
Infinite Wealth: A New World of Collaboration and Abundance in the Knowledge EraThe Challenge for Africa Overview

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Understanding the Linux Kernel, Third Edition Review

Understanding the Linux Kernel, Third Edition
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Understanding the Linux Kernel, Third Edition ReviewThe book "Undestanding the Linux Kernel",
explains clearly the inner workings of the
current 2.6 Linux kernel.
The presentation is at a considerable level of detail,
the authors fully describe the important data structures,
and the significant chunks of code.
The book is indispensable to any serious
Linux kernel developer.
However, it can be used also at the context
of an "Operating Systems Design" academic course
and the students can learn a lot from the
technologically advanced Linux 2.6 kernel implementation
and can modify/recompile and install their own version!
The level of the book is advanced and I recommend
concurrently with it, the reader to study also the
book:
"Linux kernel development" by Robert Love
that presents the algorithms also very clearly,
but with a more academic view,
without zooming to all the implementation concerns.
I own both books and by studing them, I can have
the significant experience of customizing the source code
of the superior Linux 2.6 kernel.
Understanding the Linux Kernel, Third Edition Overview

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The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It Review

The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
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The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It ReviewScott Patterson's _The Quants_ was thoroughly terrible. Patterson manages to make a dizzying array (to borrow a term he overuses) of errors, packaged in a mass of hyperbolae and confused statements.
It had a few good qualities, which I'll start with. It was pretty entertaining, especially the first half, and it was a quick and easy read. It also had some interesting bits that don't appear in other books (that I'm aware of): the "second forty hours" at Renaissance and the description of AQR deciding to go back into the markets on the Friday just after the quant liquidation in August 2007. Finally, I applaud the message that risk management policies based on the normal distribution can be deeply pernicious. But the problems with this book were monumental.
The first problem with Patterson's book is that it's wrong at its core. Quant traders weren't guilty of causing the credit crisis. Some of them were victimized by it (when Lehman went bust, it took with it a bunch of money belonging to some very good, honest, and hardworking quant traders that were Lehman's prime brokerage clients). It's foolish to claim that market neutral trading, CTAs, and high frequency traders were somehow responsible for investment banks' over-leveraged, toxic balance sheets. The responsibility for this falls squarely on the shoulders of banks' managers, and perhaps also on the shoulders of free-market disciples who believe, despite all the evidence throughout history to the contrary, that regulation of human behavior is bad. The crime in this is that it dramatically changes the focus from the real source of the problem that nearly buckled our economic system--namely unchecked greed, incompetent or impotent risk managers, screwed up incentive structures, and misguided regulation--to a group of traders that people are naturally inclined to hate anyway. If Patterson's disingenuous take on the credit crisis is widely adopted, it will make for a very convenient scapegoat enabling greedy, ego-hungry Goldman Sachs execs once again to make the very same kinds of bets that (at least nearly) brought them down to begin with. Did these execs use statistics to justify their position? Sure. But to make it sound like quants are somehow responsible for the stupidity or greed of their bosses who didn't (want to?) understand the weaknesses of a model is moronic.
Another fundamental problem with this book was the arbitrariness of Patterson's use of the label "quant." Whenever it was convenient (when it sounded evil), he labeled or insinuated the activity as being quant. But math is used pretty much everywhere in finance, and it always has been. Patterson:
-Treats the computation of a price-to-book ratio (P/B) as "value investing" but taking the difference in two interest rates (X minus Y) as a "quant carry trade". Why is subtraction "quant" and division "value"? Patterson also ignores the fact that the bulk of carry trading is done by discretionary traders, such as those in the global macro space.
-Confuses financial engineers, derivatives experts employed by the sell-side investment banks to create products like Principal Guaranteed Notes, Collateralized Debt Obligations, and compute VaR with buy-side quant trading outfits that are simply speculating their own, or their clients', capital in the markets alongside everyone else.
-Calls the belief that investors are rational a "quant theory," which is stupid. It's a basic tenet of economics and not a premise of quant trading.
-Treats the efficient market hypothesis as central to quants. By definition, quant traders believe the market is at least somewhat inefficient.
-Refers to capital structure arbitrage and distressed debt trading, respectively, as a though they are quant strategies. They're not. Cap structure arb is at the intersection of legal and accounting expertise. Deciding to buy a bunch of toxic assets from a company to which you already have lots of exposure (E*Trade) is not a quant trade either.
-Equates the move by banks to take huge risk off their balance sheets through tricky accounting practices with quants.
-Somehow treats Jerome Kerveil's very plain vanilla long equity futures trade as a "complex derivatives trade," which (for the author) puts it under the heading of quant. This was a fully discretionary trade that moved markets down by 8-9% as it was unwound.
Saving the worst for last...Patterson writes: "The quants were killing Bear Stearns." This is so foolish that it should make anyone with half a brain question his integrity. Because two funds with quant trading activities withdrew their funds' capital from a brokerage house rumored to be on the brink of failing, they are somehow quants killing a bank? Are the quants who trusted Lehman (and had their money evaporate as a result) called martyrs for the cause of our financial system because they kept their capital there too long? Is it a quant model that is responsible for the manager of a fund deciding it was a matter of common sense and fiduciary responsibility to move his cash to a safer haven? What kind of nonsense is Patterson trying to peddle here? This kind of arbitrary labeling is helpful for his rhetoric, but it's also garbage. In reality, quants are no better or worse citizens of humanity than George Soros (who was responsible for breaking the Bank of England in 1992 and maybe for bringing Asian economies to the brink of collapse in 1997) or Warren Buffett.
My second problem with this book is that it is poorly written. It is full of confused statements and errors. Patterson:
-calls diversification "quant magic" (p. 180)... what the hell?
-mistakenly refers to buying credit default swaps when in fact the transaction described is a sale, carrying this mental midgetry throughout the rest of the example and drawing wrong conclusions from it (pages 189-191).
-claims that "virtually the entire quant community...embraced the derivatives explosion wholeheartedly," (p. 192) which is pretty much the opposite of correct. The derivatives explosion also resulted in the widespread selling of volatility by banks, which itself was no small pain in the neck for quants (and other trading-oriented alpha-seekers).
-claims that the August 2007 quant liquidation was "making a hash of (mom-and-pop investors') 401(k)s and mutual funds." (p. 230) The quants that liquidated in August 2007 were market neutral. This means they held roughly equal quantities of long and short positions, and that they liquidated roughly equal quantities of long and short positions. The S&P was basically flat through this crisis, meaning that no one's 401(k) was being hashed.
The style of the writing reminded me of a cross between the National Enquirer and a Batman comic. Every one of the following phrases appears in this book, many more than once, and some countless dozens of times: "nerd king," "math whiz," "math wizard," "value king," "whiz-bang," "crack team," "it was nuts," and "whiz kid." Patterson also continuously used overwrought, mixed and confused metaphors, such as: "churning wheels of the Money Grid," and later, "tentacles of the Money Grid." On p. 197, he claims that the carry trade was a "frictionless digital push-button cash machine based on math and computers--a veritable quant fantasyland of riches." This horrible abuse of the English language is also hyperbolic nonsense. On p. 270, he likens investors in 2008 to "frightened children in a haunted house," a trivializing and wholly inappropriate description. On p. 273, a nonsense sentence appears: "...its hedge funds held about $140 billion in gross assets on $15 billion in capital, or the stuff it actually owned." He climaxed on p. 307, with this gem: "Lo's view of the market was more like a drum-pounding heavy metal concert of dueling forces that compete for power in a Darwinian death dance." That, I think, sums it up. I'd say I was disappointed that the press has adopted Patterson's deeply flawed views wholesale, but in reality, I guess I didn't expect any better.
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Global Covenant: The Social Democratic Alternative to the Washington Consensus Review

Global Covenant: The Social Democratic Alternative to the Washington Consensus
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Global Covenant: The Social Democratic Alternative to the Washington Consensus ReviewThis 2004 book studies globalisation and the World Trade Organisation. It takes into account the terrorist attacks of 2001 and the subsequent American responses in Afghanistan and Iraq. Held looks at the much-abused "root causes" in the developing world, and the extent that the terrorism reflects in fact a reaction against increasing globalisation. He posits that it might be possible to reduce global poverty through globalisation, with the aid of making some changes to international law.
Certainly, not everyone will agree with the suggestions. But the book offers thoughtful ideas that an American audience might find worth contemplating; especially in a US federal election year, where foreign policy is one of the dominant themes.Global Covenant: The Social Democratic Alternative to the Washington Consensus Overview

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They Called Themselves the K.K.K.: The Birth of an American Terrorist Group Review

They Called Themselves the K.K.K.: The Birth of an American Terrorist Group
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They Called Themselves the K.K.K.: The Birth of an American Terrorist Group ReviewLike any American adult, I had some knowledge of the Ku Klux Klan. However, prior to reading this book, I had no real understanding of the history of the Klan, how it began and how it evolved. (I had not realized how little I knew).
The evolution of this group is frightening. However, understanding this evolution is a beginning to understand the process through which a group of people, small or large, can band together in fear of the "others" and begin their journey of terror.
While this book is categorized as a "young adult" book, it is informative reading for adults (like me) as well. I would recommend this book to everyone.They Called Themselves the K.K.K.: The Birth of an American Terrorist Group Overview

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No Word for Welcome: The Mexican Village Faces the Global Economy Review

No Word for Welcome: The Mexican Village Faces the Global Economy
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No Word for Welcome: The Mexican Village Faces the Global Economy ReviewThe rapid prominence of a global economy does not come without its struggles. "No Word for Welcome: The Mexican Village Faces the Global Economy" discusses the challenges faced by these smaller Mexican communities and the challenges put before them. Farmland that once provided their livelihood has been replaced with highways, environmental issues threaten them, and leave them without a way to produce the product they need to get by. A deep study of the effects of this rapid change, "No Word for Welcome" is an excellent study of these factors that are affecting smaller communities all around the world.
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