Priručnik o disleksiji, disgrafiji i sličnim teškoćama u čitanju, pisanju i učenju.pdf - Stranica za upoznavanje
DISLEKSIJA
Click here: Priručnik o disleksiji, disgrafiji i sličnim teškoćama u čitanju, pisanju i učenju.pdf
#G5=8: <>65 A0 AB@0=5 C A25AF8 704C65Z0 =0?@028B8 ?>A510= 45> 8;8 :0;5=40@ 70 15;565Z5 4><0[8E 7040B0:0. !B@CGZ0F8 :>X8 A5 1025 <5=B0;=8< 74@02Y5< <>3C ?><>[8 CG5=8F8<0 40 A5 =>A5 A0 A2>X8< ?@>1;5<8<0. !;8:0 > A518!;8:0 > A518 :>XC 8<0XC 48A;5:A8G=0 45F0 873;540 40 X5 X0:> @0Z820 =0 D@CAB@0F8XC 8 0=:A8>7=>AB.
20 25;8:0 @07=>;8:>AB :>4 48A;5:A8G0@0 ?@>872>48 5D5:0B B>1>30=0. Intelektualne sposobnosti na razini su višeg prosjeka.
DISLEKSIJA - Ipak, u mnogim slučajevima specifične teškoće u pisanju postoje zasebno.
Na blogu data su stručna upustva o oštećenjima dece i kako pomoći. Prenosim u celosti ceo članak. !! % >HB>20=8 CG8B5Y8, =0AB02=8F8, ?A8E>;>78 8 ?5403>78, @54 20<0 X5 ?@8@CG=8: :>X8 8<0 70 F8Y 40 20A 1>Y5 C?>7=0 A0 45F>< :>X0 8<0XC A<5BZ5 C CG5ZC. "> AC =5:0 >4 >=5 45F5 0:> =5 8 A20 70 :>XC <8A;8B5 40 AC ;5Z0, =5<0@=0 8 =5708=B5@5A>20=0. "> AC 45F0 :>X0 AC 4>18;0 8;8 [5, 0:> 8E C?CB8B5 =0 AB@CG=C 520;C0F8XC, 4>18B8 48X03=>7C: 48A;5:A8X5, 48A3@0D8X5, 48A:0;:C;8X5, 48AD078X5, 48A?@0:A8X5 8;8 ?>@5<5[0X0 ?06Z5 A0 8;8 157 E8?5@0:B82=>AB8. !20:0 >4 >28E 48X03=>70 8<0 A2>XC H8D@C C ICD-10 <548F8=A:>X :;0A8D8:0F8X8, HB> 40X5 ;538B8<8B5B ?@8?@5<8 >20:2>3 ?@8@CG=8:0. ICD-10 X5 48X03=>AB8G:8 A8AB5< :>X8 A5 :>@8AB8 C >1;0AB8 <548F8=5. 5D8=8A0= X5 >4 AB@0=5 #X548Z5=8E 0F8X0 8 !25BA:5 74@02AB25=5 >@30=870F8X5, 8 Z53>20 ?@8<5=0 X5 40=0A 3;>10;=0. !20:0 >4 A<5BZ8 C CG5ZC <>65 A5 X028B8 87>;>20=> 8;8, HB> X5 G5H[8 A;CG0X, C :><18=0F8X8 A0 4@C38< A<5BZ0<0. "0:>R5, B@510 =03;0A8B8 40 A20:0 >4 >28E A<5BZ8 =5 ?>4@07C<520 ?>B?C=C =5<>3C[=>AB CG5Z0. !8<8 <>3C 18B8 87@065=8 C 1;03>X, A@54Z>X 8;8 B56>X D>@<8. 5F0 :>X0 8A?>Y020XC >25 A<5BZ5 C CG5ZC ?>A54CXC =>@<0;=C 8;8 =04?@>A5G=C 8=B5;835=F8XC. 20 45F0, C7 045:20B0= B@5B<0=, ?@8<5=C >4@5R5=8E <>48D8:0F8X0 8 0:><>40F8X0 <5B>40 ?>4CG020Z0 8 ?@>25@5 7=0Z0, :0> 8 C7 :>=B8=C8@0=C ?>4@H:C 20A, @>48B5Y0 8 B5@0?5CB0, <>3C A0A28< 4>1@>, 0 =5:0 G0: 8 >4;8G=>, 40 CG5. < =0AB02=>< >:@C65ZC, 0;8, :>@8H[5Z5< >43>20@0XC[8E <5B>40 ?>4CG020Z0 48A;5:A8G0@8 <>3C CA?5H=> 40 CG5. "0G=8 C7@>F8 48A;5:A8X5 X>H C25: =8AC ?>B?C=> X0A=8, =>, 0=0B>45@=5 B5E=8:5 8A?8B820Z0 <>730 ?>:07CXC @07;8:5 C =0G8=C =0 :>X8 A5 <>70: 48A;5:A8G=8E >A>10 @0728X0 8 DC=:F8>=8H5. 0Y5, CB2@R5=> X5 40 48A;5:A8G=5 >A>15 8<0XC ?@>1;5<0 A0 48A:@8<8=0F8X>< 3;0A>20 C @5G8<0, HB> ?@54AB02Y0 :YCG=8 D0:B>@ Z8E>28E A<5BZ8 C G8B0ZC. 8A;5:A8X0 =8X5 ?>A;548F0 =8B8 =54>AB0B:0 8=B5;835=F8X5, :0> =8 =54>AB0B:0 65Y5 70 CG5Z5<, =8B8 >HB5[5Z0 GC;0, A@548=A:8E >:>;=>AB8 =8 18;> :>3 4@C3>3 >3@0=8G020XC[53 AB0Z0. >;8:> X5 48A;5:A8X0 @0A?@>AB@0Z5=0? 5[ G8B02 25: B@0X5 8AB@06820Z5 48A;5:A8X5 C A25BC. # X578F8<0 A0 5B8<>;>H:8< ?@02>?8A>< >=0 X5 <=>3> ;0:H5 C>GY820 =53> C X578F8<0 A0 D>=5BA:8< ?@02>?8A>< :0> HB> X5 A@?A:8 X578:. !02@5<5=0 8AB@06820Z0 AC35@8HC 40 15-20% ?>?C;0F8X5 8<0 ?>B5H:>[0 C G8B0ZC. 4 B>30 85% 8<0 48A;5:A8XC. 8A;5:A8X0 A5 X02Y0 :>4 YC48 87 A28E A>F8>-5:>=>0. 8A;5:A8X0 X5 G5AB> ?>@>48G=> =0A;54=0 8 25;8:0 X5 25@>20B=>[0 40 [5 48A;5:A8G=8 @>48B5Y8 8<0B8 45FC :>X0 AC 48A;5:A8G=0. >4 =5:8E YC48 48A;5:A8X0 X5 48X03=>AB8:>20=0 @0=>, 4>: :>4 4@C38E >=0 ?@>;078 =570?065=> 4> >4@0A;>3 C7@0AB0. 25><0 8=B5;835=B=8 YC48 <>3C 18B8 48A;5:A8G=8. =8 AC G5AB> ?>A51=> =040@5=8 C >1;0AB8<0 :>X5 =5 70EB520XC X0:5 X578G:5 A?>A>1=>AB8 :0> HB> AC C<5B=>AB, :>=8:0, <5E0=8:0, 28=0 8 A?>@B. !?8A0: ?>7=0B8E 48A;5:A8G0@0 X5 4C30G0:. 2> =5:8E: 5>=0@4> 028=G8, %0=A @8AB8X0= =45@A5=, >;B 87=8, "><0A 48A>=, ;15@B X=HB0X=, 5;A>= >:D5;5@, 01;> 8:0A>, ;5:A0=40@ 5;, 0X:; $0@045X, %5=@8 $>@4, >= 5=548, 30B0 @8AB8, 0X:; >@40=, ">< @C7, (5@… 0:25 AC ?>A;548F5 48A;5:A8X5? #B8F0X :>X8 48A;5:A8X0 8<0 X5 @07;8G8B :>4 A20:>3 ?>X548=F0 8 7028A8 >4 B568=5 AB0Z0 8 2@AB5 B5@0?8XA:>3 ?@8ABC?0. #>18G0X5=5 ?>A;548F5 AC ?@>1;5<8 A0 G8B0Z5<, A?5;>20Z5< 8 ?8A0Z5<. 5:8 48A;5:A8G0@8 =5<0XC ?C=> ?@>1;5<0 A0 ?>G5B=8< G8B0Z5< 8 A?5;>20Z5<, 0;8 A5 ?>B>< ACA@5[C A0 25;8:8< ?@>1;5<8<0 :040 A5 >4 Z8E 70EB520 C?>B@510 A;>65=8X8E X578G:8E 25HB8=0 :0> HB> AC 3@0<0B8:0, @07C<520Z5 B5:AB0 87 C_15=8:0 8 ?8A0Z5 A0AB020. C48 A0 48A;5:A8X>< <>3C, B0:>R5, 8<0B8 ?@>1;5<0 8 A0 3>2>@=8< X578:><. >3C 8<0B8 ?>B5H:>[0 40 A5 X0A=> 87@075 8;8 40 C ?>B?C=>AB8 @07C<5XC A<8A0> BCR53 8A:070. "0:25 X578G:5 ?@>1;5<5 X5 G5AB> B5H:> ?@5?>7=0B8, 0;8 >=8 <>3C 4>25AB8 4> 25;8:8E ?>B5H:>[0 C H:>;8, =0 @04=>< <5ABC 8 C >4=>A8<0 A0 4@C38< YC48<0. >A;548F5 48A;5:A8X5 4>A56C 40;5:> 8720= >:28@0 CG8>=8F5. 8A;5:A8X0 B0:>R5 <>65 CB8F0B8 =0 G>25:>2C A;8:C > A518. 0:>= HB> AC 4>6825;8 25;8:C :>;8G8=C AB@5A0 71>3 A2>X8E ?@>1;5<0 C CG5ZC, CG5=8F8 A5 >15AE@01@CXC ?> ?8B0ZC 40Y53 H:>;>20Z0. !>F8X0;=8 8 5<>F8>=0;=8 ?@>1;5<8 ?>2570=8 A0 48A;5:A8X><0 ;8 5<>F8>=0;=8 ?@>1;5<8 8707820XC 48A;5:A8XC? AB@06820Z0 ?>:07CXC 40 X5 48A;5:A8X0 C7@>:>20=0 18>;>H:8< D0:B>@8<0 0 =5 5<>F8>=0;=8< 8;8 ?>@>48G=8< ?@>1;5<8<0. @B>= 18> X5 X540= >4 ?@28E 8AB@06820G0 :>X8 X5 >?8A0> 5<>F8>=0;=5 0A?5:B5 48A;5:A8X5. @5<0 Z53>2>< 8AB@06820ZC, 25[8=0 48A;5:A8G=8E ?@54H:>;0F0 AC A@5[=0 8 4>1@> ?@8;03>R5=0 45F0. 43>20@0Z0 =0 48@5:B=0 ?8B0Z0. "> 8E AB02Y0 C =573>4=C A8BC0F8XC C ?5@8>4C C;0A:0 C 04>;5AF5=F8XC :040 X578: ?>AB0X5 3;02=> A@54AB2> C Z8E>28< >4=>A8<0 A0 2@HZ0F8<0. AB> :0> HB> 8<0XC B5H:>[C ?0<[5Z0 @54>A;540 A;>20 C @5G8<0, 48A;5:A8G0@8 <>3C 8<0B8 B5H:>[C ?0<[5Z0 @54>A;540 4>30R0X0. @8<5@: ?>3;540X<> =>@<0;=C 8=B5@0:F8XC 420 45B5B0 =0 83@0;8HBC. 8A;5:A8G=> 45B5 C78<0 83@0G:C :>X0 ?@8?040 4@C3>< 45B5BC, :>X5 70B8< 48A;5:A8G0@C 3>2>@8 @C6=C @5G. 8A;5:A8G0@ 70B8< C40@0 4@C3> 45B5. 040 A5 ?@8A5[0 4>30R0X0, 48A;5:A8G=> 45B5 <>65 >1@=CB8 @54>A;54 4>30R0X0. => A5 <>65 A5[0B8 40 45B5 @5:;> @C6=C @5G, ?0 40 X5 >=40 71>3 B>30 >=> C75;> 83@0G:C 8 C40@8;> 4@C3> 45B5. 2> ?@54AB02Y0 425 25;8:5 B5H:>[5 70 48A;5:A8G=> 45B5. @2>, Z5B@51=> 4C65 2@5<5=0 40 =5HB> =0CG8 87 A>?AB25=8E 3@5H0:0. @C3>, 0:> X5 =5:> >4 >4@0A;8E ?@8ACAB2>20> 4>30R0XC 8 ?8B0 48A;5:A8G0@0 HB0 A5 4>3>48;>, 873;540[5 AB, 25[8=0 8=B5@0:F8X0 <5RC 45F>< A0AB>X8 A5 =5 >4 B@8, 25[ >4 12 4> 20 4>30R0X0. ! >178@>< =0 ?@>1;5<5 C A5:25=F8>=8@0ZC 8 ?0<[5ZC, 48A;5:A8G0@ A5 <>65 >A;0Z0B8 =0 @07;8G8B @0A?>@54 4>30R0X0 A20:8 ?CB :040 ?@8G0 ?@8GC. #G8B5Y8, @>48B5Y8 8 ?A8E>;>78 70:YCGCXC 40 X5 >= 8;8 ?A8E>B8G0= 8;8 ?0B>;>H:8 ;06>2. 54>A;54=>AB8 48A;5:A8X5 ?@>872>45 25;8:5 8707>25 C 45B5B>2>< 682>BC. >AB>X8 >3@><=0 @07=>;8:>AB C CG5=8:>28< ;8G=8< A?>A>1=>AB8<0. 0:> A20:> >4 =0A 8<0 A2>X5 ?@54=>AB8 8 <0=5, >=5 AC :>4 48A;5:A8G0@0 C<=>3><5 ?@5B5@0=5. 20 25;8:0 @07=>;8:>AB :>4 48A;5:A8G0@0 ?@>872>48 5D5:0B B>1>30=0. >=5:04, >=8 <>3C C@048B8 7040B:5 =0 =82>C :>X8 X5 40;5:> 87=04 A?>A>1=>AB8 Z8E>28E 2@HZ0:0. # A;545[5< B@5=CB:C, >=8 AC AC>G5=8 A0 7040B:>< :>X8 =5 <>3C 40 C@045. 0 18 A5 CA?5H=> =>A8;8 A0 >2>< 2@AB>< ?@>1;5<0, 48A;5:A8G0@8<0 X5 ?>B@51=> 8AB8=A:> @07C<520Z5 Z8E>28E A<5BZ8 C CG5ZC. "> 8< <>65 ?><>[8 40 ?@542845 :0:> CA?5E B0:> 8 =5CA?5E. 0G8= 872@H020Z0 7040B0:0 :>4 48A;5:A8G0@0 <>65 20@8@0B8 8 C >:28@C @5H020Z0 8AB>3 7040B:0. "> 7=0G8 40 AC Z8E>25 3@5H:5 =5:>=78AB5=B=5. 20:02 B8? 20@8X0F8X0 G8=8 @5<548X0F8XC B56><. 0 :@0XC, 48A;5:A8G0@52> 872@H020Z5 7040B0:0 <>65 A5 <5Z0B8 8 87 40=0 C 40=. 5:8< 40=8<0 65 2@;> ;0:> 8[8, 4>: [5 =5:8< 40=8<0 X5420 <>[8 40 =0?8HC A2>X5 A>?AB25=> 8<5. 20 =54>A;54=>AB X5 :@0XZ5 71CZCXC[0 =5 A0<> 70 48A;5:A8G0@0, 25[ 8 70 4@C35 YC45 C >:@C65ZC. 0;8 X5 1@>X 4@C38E E5=48:5?0 :>X8 AC C A2>X>X ACHB8=8 8=B5@<8B5=B=8. 5B5 :>X5 X5 C 8=20;84A:8< :>;8F8<0, >AB0X5 C Z8<0. # AB20@8, 0:> 18 >=> =5:8< 40=8<0 <>3;> 40 E>40, 25[8=0 AB@CGZ0:0 18 B> A<0B@0;0 E8AB5@8G=8< AB0Z5<. !0 4@C35 AB@0=5, :>4 48A;5:A8G0@0 ?5@D>@<0=A0 >AF8;8@0. "> >A>18 X0:> >B56020 CG5Z5 =0G8=0 :> HB> >= 8;8 >=0 =5 <>3C ?@542845B8 X0G8=C A8<0 >4@5R5=>3 40=0. (B0 >A>10 A0 48A;5:A8X>< >A5[0? =:A8>7=>AB=:A8>7=>AB 8;8 C7=5<8@5=>AB X5 =0XG5H[8 5<>B82=8 A8< :>X8 =02>45 >4@0A;8 48A;5:A8G0@8. =8 ?>AB0XC C7=5<8@5=8 71>3 A25?@8ACB=5 >7;>X0R5=>AB8 8 71CZ5=>AB8 C H:>;8. 28 >A5[0X8 AC ?>X0G0=8 =54>A;54=>AB8<0 48A;5:A8X5. ! >178@>< 40 <>3C 40 0=B8F8?8@0XC =5CA?5E, C;070: C =>25 A8BC0F8X5 <>65 870720B8 X0:C 0=:A8>7=>AB. #7=5<8@5=>AB C G>25:C 8707820 ?>B@51C 40 87153=5 AB20@8 :>X5 30 ?;0H5. 8A;5:A8G0@8 C B><5 =8AC 87C75B0:. ?0:, <=>38 =0AB02=8F8 8 @>48B5Y8 ?>3@5H=> 8=B5@?@5B8@0XC B> 87153020Z5 :0> ;5Z>AB. # AB20@8, 48A;5:A8G0@52> >:;520Z5 40 CG5AB2CX5 C H:>;A:8< 0:B82=>AB8<0 :0> HB> X5 4><0[8 7040B0: 28H5 X5 2570=> 70 C7=5<8@5=>AB 8 71CZ5=>AB =53> 70 1572>Y=>AB. CBZ0 8;8 3=52 =>38 5<>B82=8 ?@>1;5<8 870720=8 48A;5:A8X>< =0AB0XC 87 D@CAB@0F8X5 H:>;>< 8;8 A>F8X0;=8< A8BC0F8X0<0. # 4@CHB25=8< 8AB@06820Z8<0 G5AB> X5 ?@8<5[5=> 40 D@CAB@0F8X0 ?@>872>48 YCBZC 8;8 3=52. "> A5 X0A=> <>65 2845B8 :>4 <=>38E 48A;5:A8G0@0. G83;54=0 <5B0 Z8E>2>3 3=520 B@510;> 18 40 1C4C =0AB02=8F8 C H:>;8. 5RCB8<, B0:>R5 X5 C>18G0X5=> 70 48A;5:A8G0@5, 40 ?@07=5 A2>X 3=52 =0 @>48B5Y8<0. 0X:5 AC >=5 :>X5 =0XG5H[5 >A5[0XC Z8E>2 15A. '5AB>, 45B5 AC718X0 A2>X 3=52 C H:>;8 4> B0G:5 40 ?>AB0X5 5:AB@5<=> ?0A82=>. ?>B><, :040 A5 =0R5 C A83C@=>< >:@C65ZC A2>30 4><0, B0 25><0 X0:0 >A5[0Z0 8718X0XC =0 ?>2@H8=C 8 G5AB> AC CA<5@5=0 ?@5<0 <0XF8. => HB> X5 8@>=8G=> C B>X A8BC0F8X8 X5 B> 40 X5 45B5B>2> ?>25@5Z5 C <0X:C >=> :>X5 72>Y020 40 40 >4CH:0 A2>< 3=52C. "> =0@02=>, ?>AB0X5 X0:> C7=5<8@020XC[5 8 71CZCXC[5 70 @>48B5Y0 :>X8 >G0X=8G:8 ?>:CH020 40 ?><>3=5 A2><5 45B5BC. 0:> <;048 C;075 C 04>;5F5=F8XC, 4@CHB2> >4 Z8E >G5:CX5 40 ?>AB0=C A0<>AB0;=8. "5=78X0 87<5RC >G5:820=5 A0<>AB0;=>AB8 8 45B5B>25 =0CG5=5 7028A=>AB8 8707820 25;8:5 C=CB@0HZ5 AC:>15. 8A;5:A8G=8 04>;5AF5=B :>@8AB8 A2>X 3=52 40 A5 >B@3=5 >4 YC48 >4 :>X8E A5 >A5[0 B0:> 7028A=8<. 1>3 B>30 @>48B5Y8<0 <>65 18B8 X0:> B5H:> 40 ?><>3=C A2>< 48A;5:A8G=>< 04>;5AF5=BC. #<5AB> @>48B5Y0, =5:8 2@HZ0: :>X8 18 4>45Y5= :0> BCB>@ 8;8 =5:8 1@860= <;048 G>25:, 18 ?@5 18;8 C <>3C[=>AB8 40 8=B5@25=8HC 8 ?><>3=C 45B5BC. !;8:0 > A518!;8:0 > A518 :>XC 8<0XC 48A;5:A8G=0 45F0 873;540 40 X5 X0:> @0Z820 =0 D@CAB@0F8XC 8 0=:A8>7=>AB. @5<0 ?A8E>;>3C @8:C @8:A>=C, B>:>< ?@28E 3>48=0 H:>;>20Z0, A20:> 45B5 B@510 40 @07@5H8 :>=D;8:B5 87<5RC ?>78B82=5 A;8:5 > A518 8 >A5[0X0 8=D5@8>@=>AB8. :> AC 45F0 CA?5H=0 C H:>;8, >=0 [5 @0728B8 ?>78B82=0 >A5[0Z0 > A518 8 25@C 40 [5 CA?5B8 C 682>BC. :> A5 45F0 ACA@5[C A0 =5CA?5E>< 8 D@CAB@0F8X><, >=0 CG5 40 AC 8=D5@8>@=0 C >4=>AC =0 4@C35 8 40 Z8E>2 =0?>@ 40X5 X0:> A;015 @57C;B0B5. #<5AB> 40 A5 >A5[0XC <>[=> 8 ?@>4C:B82=>, >=8 CG5 40 8E Z8E>2> >:@C65Z5 :>=B@>;8H5. A5[0XC A5 =5<>[=> 8 =5A?>A>1=>. AB@06820G8 AC CB2@48;8 40, :040 B8?8G=8 CG5=8F8 ?>AB83=C CA?5E, >=8 70A;C35 70 CA?5E ?@8?8ACXC A>?AB25=>< B@C4C 8 =0?>@C. 040 4>6825 =5CA?5E, >=8 A518 :06C 40 <>@0XC 28H5 40 A5 ?>B@C45. !0 4@C35 AB@0=5, :040 48A;5:A8G0@ ?>AB83=5 CA?5E, >= [5 70A;C35 70 B> =0X25@>20B=8X5 ?@8?8A0B8 A@5[8. 040 4>6828 =5CA?5E, >= X54=>AB02=> 2848 A515 :0> 3;C?>3. AB@06820Z0, B0:>R5, C:07CXC 40 A5 B8 >A5[0X8 8=D5@8>@=>AB8 @0728X0XC 4> C7@0AB0 >4 10 3>48=0. 0:>= B>3 C7@0AB0 ?>AB0X5 X0:> B5H:> ?><>[8 45B5BC 40 @0728X5 ?>78B82=C A;8:C > A518. 2> ?@54AB02Y0 <>[0= 0@3C<5=B 70 @0=C 8=B5@25=F8XC. 5?@5A8X05?@5A8X0 X5 B0:>R5 G5AB0 :> 25[8=0 48A;5:A8G0@0 =8X5 45?@5A82=0, 45F0 A0 >28< 284>< A<5BZ8 C CG5ZC AC ?>4 25[8< @878:>< >4 X0:8E >A5[0Z0 BC35 8 1>;0. >640 71>3 A2>3 =8A:>3 A0<>?>C740Z0, 48A;5:A8G0@8 A5 ?;0H5 40 A2>X 3=52 CA<5@5 ?@5<0 A2>X>X >:>;8=8 ?0 30 C<5AB> B>30 CA<5@020XC ?@5<0 A0<><5 A518. !0 4@C35 AB@0=5, 45F0 8 04>;5AF5=B8 :>X8 AC C 45?@5A8X8, G5AB> 8<0XC 4@C30G8X5 A8<5 >4 >4@0A;8E >A>10 C 45?@5A8X8. 0;0 X5 25@>20B=>[0 40 [5 45B5 :>X5 X5 C 45?@5A8X8 18B8 ;5B0@38G=> 8 ?@8G0B8 :0:> A5 >A5[0 BC6=8<. #<5AB> B>30, >=> <>65 ?>AB0B8 0:B82=8X5 8;8 8A?>Y020B8 =54>72>Y5=0 ?>=0H0Z0 40 18 70B0H:0;> 1>;=0 >A5[0Z0. # A;CG0X528<0 70<0A:8@0=5 45?@5A8X5, 45B5 =5[5 873;540B8 284=> =5A@5[=>. 0Z0 X5 25@>20B=>[0 40 [5 C6820B8 C ?>78B82=8< 682>B=8< 8A:CAB28<0. !25 B> 8< >B56020 40 A5 70102Y0XC =0 ?@028 =0G8=. 5?@5A82=8 48A;5:A8G0@8, =5 A0<> 40 >A5[0XC 25;8:8 1>; C A2>X8< A040HZ8< 8A:CAB28<0, 25[ B0:>R5 ?@5428R0XC 682>B ?C= :>=B8=C8@0=>3 =5CA?5E0. >@>48G=8 ?@>1;5<80> 8 18;> :>X5 4@C3> E5=48:5?8@0XC[5 AB0Z5, 48A;5:A8X0 8<0 >3@><0= CB8F0X =0 45B5B>2C ?>@>48FC. ;8, A >178@>< =0 G8Z5=8FC 40 X5 48A;5:A8X0 =5284Y828 E5=48:5?, >28 5D5:B8 A5 G5AB> ?@528R0XC. 8A;5:A8X0 CB8G5 =0 ?>@>48FC =0 @07;8G8B5 =0G8=5. 540= >4 =0X>G83;54=8X8E X5 @820;AB2> 87<5RC 45F5. 5B5 :>X5 =8X5 48A;5:A8G=> G5AB> X5 YC1><>@=> =0 48A;5:A8G=> 45B5 :>X5 4>18X0 25[8=C @>48B5YA:5 ?06Z5, 2@5<5=0 8 =>2F0. @>=8G=>, 0;8 48A;5:A8G=> 45B5 =5 65;8 A2C BC ?06ZC. !25 B> ?>25[020 25@>20B=>[C 40 [5 A5 >=> >4=>A8B8 =530B82=> ?@5<0 CA?5H=>X 45F8 C ?>@>48F8. !?5F8D8G=0 @072>X=0 48A;5:A8X0 X5 =0A;54=0. "> 7=0G8 40 AC X540= 8;8 >10 45B5B>20 @>48B5Y0 8<0;8 A;8G=8E ?@>1;5<0 C H:>;8. 040 AC AC>G5=8 A0 45B5B>< :>X5 8<0 ?@>1;5<0 C H:>;8, 48A;5:A8G=8 @>48B5Y8 <>3C @503>20B8 =0 X540= >4 420 =0G8=0. =8 <>3C =538@0B8 ?>AB>X0Z5 48A;5:A8X5 8 25@>20B8 40 18 45B5 <>3;> 40 CA?5 A0<> :040 18 ?@8>=C;> =0 :Z83C. ;8 ?0:, @>48B5Y8 <>3C ?>=>2> ?@>682Y020B8 A2>X5 =5CA?5E5 8 D@CAB@0F8X5 :@>7 H:>;A:> 8A:CAB2> A2>30 45B5B0. "> ?>=>2> 1C48 X0:5 8 70AB@0HCXC[5 5<>F8X5, :>X5 <>3C CB8F0B8 =0 @>48B5YA:5 25HB8=5 >4@0A;>3. 0:> @>48B5Y8 8 =0AB02=8F8 <>3C ?><>[8? 7 8=B5@2XC0 25;8:>3 1@>X0 >4@0A;8E 48A;5:A8G=8E >A>10 <>65 A5 2845B8 40 AC =5:8 >4 Z8E =0CG8;8 40 A5 CA?5H=> =>A5 A0 A2>X8< ?@>1;5<8<0 C CG5ZC, 4>: 4@C38 B> =8AC CA?5;8. A:CAB20 C:07CXC =0 B> 40, ?>2@E D0:B>@0 :0> HB> AC 8=B5;835=F8X0 8 A>F8>-5:>=>AB>X5 8 4@C35 AB20@8 :>X5 CB8GC =0 48A;5:A8G0@525 H0=A5 70 CA?5E. @2>, C @0=8< 3>48=0<0 45B5B>2>3 682>B0, =5:> X5 18> ?C= ?>4@H:5 8 >E@01@5Z0. @C3>, <;048 48A;5:A8G0@ X5 ?@>=0H0> >1;0AB C :>X>X X5 <>30> 18B8 CA?5H0=. =0 :@0XC, CA?5H=8 48A;5:A8G0@8 AC @0728;8 C A518 @5H5=>AB 40 ?><06C 4@C38<0. @>48B5Y8 8 =0AB02=8F8 B@510 ?>AB>X0=> 40 ?@C60XC ?>4AB8F0X 8 ?>4@H:C. 060;>AB, @5B:> A5 3>2>@8 > B>< 206=>< =0G8=C ?><>[8 <;048<0. >4AB8F0X 8 ?>4@H:0 C A518 A04@65 10@ G5B8@8 5;5<5=B0. @2>, A;CH0Z5 45B5B>28E >A5[0Z0. 01@8=CB>AB, 3=52 8 45?@5A8X0 AC A20:>4=52=8 ?@0B8>F8 70 48A;5:A8G0@5. !0 4@C35 AB@0=5, Z8E>28 X578G:8 ?@>1;5<8 G5AB> 8< >B56020XC 8A:07820Z5 >A5[0Z0. 1>3 B>30 8< >4@0A;8 <>@0XC ?><>[8 40 =0CG5 40 3>2>@5 > A2>X8< >A5[0Z8<0. 0 48A;5:A8G0@0 18 >F5=5 B@510;> 40 1C4C <0Z5 206=5 >4 ?>AB83=CB>3 =0?@5B:0. 040 A5 AC>G020XC A0 =5?@8E20BY828< ?>=0H0Z5<, >4@0A;8 =5 A<5XC =5?06Y82> >15AE@01@8B8 48A;5:A8G=> 45B5. 06=> X5 ?><>[8 CG5=8F8<0 40 ?>AB025 A518 @50;8AB8G=5 F8Y525. 5[8=0 48A;5:A8G=8E CG5=8:0 A518 ?>AB02Y0 ?5@D5:F8>=8AB8G:5 8 =54>AB86=5 F8Y525. ><06C[8 45B5BC 40 ?>AB028 A518 4>AB86=5 F8Y525, =0AB02=8F8 <>3C ?@5:8=CB8 70G0@0=8 :@C3 =5CA?5E0. >H X5 206=8X0 45B5B>20 ?>B@510 40 ?@5?>7=0 8 C6820 C A2>< CA?5EC. 0 18 4> B>30 4>H;>, >=> <>@0 ?>AB8[8 CA?5E C =5:>X >4 >1;0AB8 682>B0. # =5:8< A;CG0X528<0, 48A;5:A8G0@525 X0:5 AB@0=5 AC >G83;54=5. !;8:5 > A518 <=>38E 48A;5:A8G0@0 A?0A5=5 AC Z8E>28< 4>:07820Z5< C A?>@BC, C<5B=>AB8 8;8 <5E0=8F8. 5RCB8<, B5 X0:5 AB@0=5 48A;5:A8G0@0 AC G5AB> AC?B8;=8X5 8 <0Z5 >G83;54=5. >48B5Y8 8 =0AB02=8F8 <>@0XC ?@>=0[8 =0G8= 40 45B5B>25 8=B5@5A5 ?>256C A0 70EB528<0 ?@02>3 682>B0. 0 :@0XC, <=>38 CA?5H=8 >4@0A;8 48A;5:A8G0@8 =>A5 A5 A0 A2>X8< 1>;>< B0:> HB> A5 >:@5[C ?@C60ZC ?><>[8 4@C38<0. =8 <>3C @048B8 2>;>=B5@A:5 ?>A;>25 70 4>1@>B2>@=5 >@30=870F8X5 8;8 F@:25, 8;8 ?0: 8701@0B8 ?@>D5A8XC :>X0 70EB520 5F8X0;=C A025AB. "0:20 8A:CAB20 ?><06C 48A;5:A8G0@8<0 40 A5 >A5[0XC 1>Y5 ?> ?8B0ZC A515 8 40 A5 5D8:0A=8X5 =>A5 A0 A2>X8< 1>;>< 8 D@CAB@0F8X><. # =0H8< H:>;0<0, 4><>28<0 8 F@:20<0 ?>AB>X8 <=>3> <>3C[=>AB8 70 48A;5:A8G0@5 40 ?><>3=C 4@C38<0. 54=0 >4 206=8E >1;0AB8 X5 4>45Y820Z5 2@HZ0:0 BCB>@0. :> X5 48A;5:A8G0= CG5=8: 4>10@ C <0B5<0B8F8 8;8 =5:>X 4@C3>X =0CF8, <>65 40 ?>4CG020 8 =0478@5 4@C30 87 >45Y5Z0 :>X8 8<0 ?>B5H:>[5 C 40B>X >1;0AB8. >640 18 B0X CG5=8: <>30> 2@0B8B8 CA;C3C B0:> HB> 18 18> G8B0G 48A;5:A8G=>< CG5=8:C. 8B8 BCB>@ <;0R>X 45F8, ?>A51=> 48A;5:A8G=>X, <>65 18B8 ?>78B82=> 8A:CAB2> 70 A25 :>X8 C Z5<030Z5 48A;5:A8G0@8<0 40 A5 >A5[0XC 1>Y5 ?> ?8B0ZC A515 8 40 A5 5D8:0A=> =>A5 A0 A2>X8< >A5[0Z8<0 X5 :>, >A>10 :>X>X X5 4> B>30 AB0;>, <>@0 @07C<5B8 :>3=8B82=5 8 0D5:B82=5 ?@>1;5<5 :>X5 48A;5:A8X0 8707820. >B><, >=8 <>@0XC @0728B8 AB@0B538X5 :>X5 [5 ?><>[8 48A;5:A8G0@C 40, :0> 8 A20:> 4@C3> 45B5, ?@>=0R5 @04>AB 8 CA?5E C 0:045=0;=8< >4=>A8<0. 0:> A5 48X03=>AB8:CX5 48A;5:A8X0? >B@51=> X5 872@H8B8 D>@<0;=C 520;C0F8XC 40 18 A5 CB2@48;> 40 ;8 X5 >A>10 48A;5:A8G=0. 20;C0F8X>< A5 ?@>F5ZCXC 8=B5;5:BC0;=5 A?>A>1=>AB8, >1@040 8=D>@<0F8X0, ?A8E>-;8=328AB8G:0 >1@040 8 0:045@8AB8 C F8YC CB2@R820Z0 40 ;8 CG5=8:>2> G8B0Z5 X5AB5 8;8 =8X5 =0 >G5:820=>< =82>C, C78<0XC[8 C >178@ ?>@>48G=C 0=0<=57C 8 A25C:C?0= CA?5E C H:>;8. "5AB8@0Z5 <>3C 872@H8B8 >1CG5=8 H:>;A:8 8;8 20=H:>;A:8 ;>3>?54 8 ?A8E>;>3. 0 :>< C7@0ABC 18 B@510;> 2@H8B8 B5AB8@0Z5 48A;5:A8X5? "5AB8@0Z5 A5 <>65 >1028B8 =0 A20:>< C7@0ABC. 71>@ B5AB>20 7028A8 >4 C7@0AB0 ?>X548=F0. >4 <;0R5 45F5 B5AB8@0 A5 D>=>;>H:0 >1@040, @5F5?B82=5 8 5:A?@5A82=5 X578G:5 A?>A>1=>AB8, 8 A?>A>1=>AB ?>257820Z0 3;0A>20 A0 A;>28<0. :> A5 CB2@45 ?@>1;5<8 C >28< >1;0AB8<0 >4<0E A5 <>65 ?>G5B8 A0 @5<548X0F8X><. 5 <>@0 A5 ?>AB028B8 48X03=>70 48A;5:A8X5 40 18 A5 ?>G5;> A0 @0=>< 8=B5@25=F8X>< C CG5ZC G8B0Z0. 0:> A5 B@5B8@0 48A;5:A8X0? 8A;5:A8X0 X5 4>682>B=> AB0Z5. 0=0 845=B8D8:0F8X0 8 B@5B<0= AC >4 :YCG=5 206=>AB8 70 ?><>[ 48A;5:A8G0@8<0 40 CA?5XC C H:>;8 8 C 682>BC. 5[8=8 YC48 A0 48A;5:A8X>< ?>B@51=0 X5 ?><>[ CG8B5Y0, BCB>@0 8;8 B5@0?5CB0 >1CG5=>3 C C?>B@518 @=>3, AB@C:BC@8A0=>3 X578G:>3 ?@8ABC?0. >4 >28E >A>10 206=> X5 40 1C4C ?>4CG020=5 <5B>4>< :>X8 C:YCGCX5 =5:>;8:> GC;0 A;CE, 284, 4>48@ 8AB>2@5<5=>. =>35 >A>15 A0 48A;5:A8X>< B@510XC ?><>[ X540= =0 X540= B0:> 40 <>3C 40 =0?@54CXC ?> A>?AB25=>< B5< >4 ?><>[8 X5 0:> Z8E>2 B5@0?5CB B5A=> A0@0RCX5 A0 CG8B5Y8<0 8 =0AB02=8F8<0. (:>;5 <>3C ?@8<5=8B8 =5:5 <>48D8:0F8X5 =0AB025 :>X8<0 18 ?><>3;5 48A;5:A8G=8< CG5=8F8<0 40 ?>AB83=C CA?5E. 0AB02=8F8 <>3C 4020B8 B5AB>25 A=872>;8B8 48A;5:A8G=>< CG5=8:C 0;B5@=0B82=5 284>25 ?@>25@5 7=0Z0. #G5=8F8 <>3C 8<0B8 :>@8AB8 >4 A;CH0Z0 :Z830 A=84 ?8A0Z0 ?><>[C :>1CE20B0= A?8A0: <>3C[8E 0:><>40F8X0 =025H[5<> C ?>A51=>< ?>3;02YC >2>3 ?@8@CG=8:0. #G5=8F8<0, B0:>R5, <>65 18B8 ?>B@51=0 ?><>[ C ?@52078;065ZC 5<>B82=8E ?@>1;5<0 :>X8 ?>=5:04 =0AB0XC :0> ?>A;548F0 B5H:>[0 C H:>;8. !B@CGZ0F8 :>X8 A5 1025 <5=B0;=8< 74@02Y5< <>3C ?><>[8 CG5=8F8<0 40 A5 =>A5 A0 A2>X8< ?@>1;5<8<0. II # " ! $#(B0 X5 48A3@0D8X0? 8A3@0D8X0 ?>4@07C<520 A<5BZ5 C @C:>?8AC. >AB>X8 28H5 @07;8G8B8E 2@AB0 48A3@0D8X5. 5:8 YC48 A0 48A3@0D8X>< 8<0XC @C:>?8A :>X8 X5 G5AB> =5G8B0: 0 >1;8:>20Z5 A;>20 X5 =5X54=0:> 8 =5?@028;=>. 040 A5 >25 >A>15 2@0B5 =0 ?8A0Z5 HB020, HB> A5 G5AB> 45H020, Z8E>2 @C:>?8A X5 G5AB> =0AC<8G=0 <5H028<0 25;8:8E 8 <0;8E A;>20. # A28< A;CG0X528<0 48A3@0D8X5, ?8A0Z5 70EB520 ?@5B5@0=5 :>;8G8=5 5=5@38X5, =0?>@0 8 2@5<5=0. 8A3@0D8X0 <>65 A<5B0B8 CG5=8:>2>X A?>A>1=>AB8 87@06020Z0 845X0. 7@060X=> ?8A0Z5 70EB520 >4 CG5=8:0 A8=E@>=870F8XC 28H5 <5=B0;=8E DC=:F8X0 >4X54=><: >@30=870F8XC, ?0<[5Z5, ?06ZC, <>B>@=C 25HB8=C 8 @07;8G8B5 0A?5:B5 X578G:8E A?>A>1=>AB8. CB><0BA:8, B0G0= @C:>?8A X5 >A=>20 70 >20X :>20=8 G8=. 0?;5B5=8 C @07<8HY0ZC 345 18 B@510;> 40 AB025 >;>2:C 8 :0:> 40 >1;8:CXC A20:> A;>2>, 48A3@0D8G=8 CG5=8F8 701>@02Y0XC HB0 AC C AB20@8 65;5;8 40 8A:06C. 8A3@0D8X0 <>65 4>25AB8 4> CG5=8:>25 =8A:5 ?@>4C:B82=>AB8 =0 G0AC, =54>2@H5=8E 4><0[8E 7040B0:0 8 B5H:>[0 C :>=F5=B@0F8X8 8 ?06Z8. <>B82=8 D0:B>@8 :>X8 ?@>878;075 87 48A3@0D8X5 G5AB> ?>3>@H020XC AB20@8. 0 @0=>< C7@0ABC, CG5=8F8 <>@0XC 40 >AB0XC =0 >4<>@C 40 18 702@H8;8 ?@5?8A820Z5 <0B5@8X0;0 A0 B01;5, 8 G5AB> >4;075 :C[8 A0 3><8;>< =5702@H5=8E ?0?8@0 :>X5 B@510 8A?C=8B8. 4 Z8E A5 B@068 40 ?>=>2> ?@5?8HC A2>X @04, => 4@C38 ?>:CH0X, G5AB>, =8X5 =8HB0 1>Y8 >4 ?@2>3. ! >178@>< 40 AC >=8 G5AB> ?0<5B=8 8 4>1@8 C G8B0ZC, Z8E>2 =5CA?5E 40 C@045 4>10@ @04 C3;02=>< A5 ?@8?8ACX5 ;5Z>AB8 8;8 =5?06Z8. =52 8 D@CAB@0F8X0 :>X8 87 B>30 ?@>878;075 <>3C 8E A?@5G8B8 40 4>AB83=C A2>X ?C=8 ?>B5=F8X0;. 5:8< YC48<0 A0 48A3@0D8X>< =54>AB0X5 A0<> D8=0 <>B>@=0 :>>@48=0F8X0, 0 =5:8 <>3C 8<0B8 D878G:8 B@5<>@ :>X8 A<5B0 C ?8A0ZC. 5RCB8<, C 25[8=8 A;CG0X520, =5:>;8:> <>640=8E A8AB5<0 CG5AB2CX5 C ?>X028 48A3@0D8X5. 5:8 AB@CGZ0F8 25@CXC 40 48A3@0D8X0 C:X;CGCX5 48ADC=:F8XC 8=B5@0:F8X5 420 >A=>2=0 <>640=0 A8AB5<0 :>X8 ><>3C[020XC >A>18 40 ?@52545 <5=B0;=8 C ?8A0=8 X578: ?@52>R5Z5 D>=5<5 C 3@0D5:070;0 AC 40 @0ACB>AB ?06Z5, ?0<[5Z5, 8 C?>7=0B>AB A0 3@0D8G:8< <0B5@8X0;>< CB8GC =0 A?>A>1=>AB ?8A0Z0. 0XG5H[5, >A>10 A0 =5G8B:8< @C:>?8A>< 8<0 :><18=0F8XC A<5BZ8 C D8=>X <>B>@8F8, =5A?>A>1=>AB 40 @5287C0;87CX5 A;>20 8 =5A?>A>1=>AB 40 70?0B>@=5 C7>@:5 >1;8:0 A;>20. >X8 AC @07;8G8B8 B8?>28 48A3@0D8X5? #A<5=> A?5;>20Z5 X5 ;>H5, 4>: AC F@B0Z5 8 ?@5?8A820Z5 B5:AB0 @5;0B82=> =>@<0;=8. @78=0 ;C?:0Z0 ?@AB8<0 <5@0 D8=5 <>B>@=5 1@78=5 X5 =>@<0;=0. @78=0 ;C?:0Z0 ?@AB8<0 X5 8720= 3@0=8F0 =>@<0;=5. @0;=> A?5;>20Z5 X5 =>@<0;=>. @78=0 ;C?:0Z0 ?@AB8<0 X5 =>@<0;=0 0;8 X5 F@B0Z5 2@;> ?@>1;5<0B8G=>. > X5 :20;8D8:>20= 40 ?>AB028 48X03=>7C 48A3@0D8X5? 8A3@0D8X0 =5 <>65 18B8 48X03=>AB8:>20=0 A0<> ?>A<0B@0Z5< C7>@:0 @C:>?8A0. 20;8D8:>20=8 AB@CGZ0: ;>3>?54 <>@0 48@5:B=> B5AB8@0B8 >A>1C. "> B5AB8@0Z5 C:YCGCX5 ?8A0Z5 @5G5=8F0, A;>1>4=>3 A0AB020 8 ?@5?8A820Z5 B5:AB0 :>X8 >43>20@0 C7@0ABC. A?8B820G =5 ?@>F5Z8CX5 A0<> 702@H=8 ?@>4C:B 25[ 8 A0< ?@>F5A 872@H020Z0 7040B0:0 :>X8 C:YCGCX5 AB02, 4@60Z5 >;>2:5, C<0@0Z5, 3@G5Z5 8;8 B@5<>@ @C:5 :>X>< A5 ?8H5 :0> 8 4@C35 D0:B>@5. A?8B820G <>65 ?@>25@8B8 1@78=C D8=5 <>B>@8:5 B5AB>< ;C?:0Z0 ?@AB8XC 8 >:@5B0Z0 73;>1>20. 0:02 X5 B@5B<0= 48A3@0D8X5? @525=F8X0, @5<548X0F8X0 8 0:><>40F8X0 AC 206=8 5;5<5=B8 B@5B<0=0 48A3@0D8X5. =>35 ?@>1;5<5 <>3C[5 X5 A?@5G8B8 @0=8< 25610Z5<. 5F0 C 2@B8[8<0 8 ?@2>< @07@54C B@510;> 18 40 =0CG5 ?@028;=> ?8A0Z5 A;>20. 8=5AB5B8G:0 <5<>@8X0 X5 <>[=0 ?0 X5 70B> =5?@028;=5 =028:5 X0:> B5H:> 8A:>@5=8B8. 5610Z5 <8H8[0 8 ?>=>2=> CG5Z5 ?@028;=8E B5E=8:0 AC >4 :YCG=5 206=>AB8 70 @5<548X0F8XC 48A3@0D8X5. >A51=> 4870X=8@0=5 25615 AC ?>B@51=5 70 ?>1>YH0Z5 A=035 <8H8[0 H0:5 8 AB018;870F8XC 45HZ0HB20. !B@CGZ0: <>65 ?@5?>@CG8B8 >43>20@0XC[8 ?;0= 25618. >[=> A@54AB2> 25615 70 A25 CG5=8:5 X5 :8=5AB5BA:> ?8A0Z5, BX. 04 C25: B@510 70?>G5B8 ?8A0Z5< ?>X548=0G=8E A;>20. 71C:0 A5 <>@0 25610B8 A20:>4=52=>, G5AB> <5A5F8<0. 0 :@0XC, ?>X548=F8 <>3C 8<0B8 :>@8AB8 >4 @07=>2@A=8E <>48D8:0F8X0 8 0:><>40F8X0. 540= 5D5:B820= <5B>4 X5 ?>4CG020Z5 C?>B@518 ?8A0[8E <0H8=0 8;8 :>18;075 :>B>@=8 70EB528 ?8A0Z0. 0 <=>35 48A3@0D8G0@5, ?8A0Z5 :CF0Z5< =0 B0AB0BC@8 >B20@0 =>25 <>3C[=>AB8 70 CG5Z5 ?8A0Z0 C 4@C30G8X5< :8=5AB5BA:>< >1;8:C. #G5=8F8 18, B0:>R5, B@510;> 40 8A?@>1020XC @07;8G8B5 ?@81>@5 70 ?8A0Z5. 5:8< YC48<0 A0 48A3@0D8X>< ?><06C =02;0:5 70 >;>2:5. @C38 70>18;07=8 <5B>48 C:YCGCXC: 4>72>Y020Z5 CG5=8:C 40 =0 ?8B0Z0 >43>20@0 CA<5=> 8;8 C 48:B0D>= C<5AB> 40 ?8H5, <>48D8:0F8XC ?8A0=8E 7040B0:0 B0:> 40 70EB520XC <0Z5 ?8A0Z0 8 ?@>4C6020Z5 2@5<5=0 ?>B@51=>3 40 A5 702@H5 B5AB>28 8;8 ?8A0=8 @04>28. @5?8A820Z5 A0 B01;5 X5 ?>A51=> :>20= 7040B0:. 5;8:8 1@>X CG5=8:0 :>X8 8<0XC ?@>1;5< 8 A0 48A;5:A8X>< 8 A0 48A3@0D8X>< 60;5 A5 :0:> =5 <>3C 40 ?@>=0RC 345 AC AB0;8 :040 X54=>< A:;>=5 ?>3;54 A0 B01;5, =53> <>@0XC A25 40 G8B0XC >4 ?>G5B:0 =5 18 ;8 ?@>=0H;8> <5AB> =0 :><5 AC 18;8. #G8B5Y8 18 B@510;> 40 >15715RCXC 15;5H:5. $>B>:>?8@0Z5 15;560:0 4@C3>3 CG5=8:0 X5 X54=> >4 @5H5Z0. @8?@5<0Z5 =0F@B0 ?@54020Z0 A0 3;02=8< F@B0<0 8 ?@07=8=0<0 A0 45A=5 AB@0=5 345 CG5=8: <>65 C10F8B8 8=D>@<0F8X5 X5 4@C3> @5H5Z5. 8A0Z5 =0 1;03> =03=CB>X @02=8, B0:>R5, <>65 18B8 >4 :>@8AB8. "0:>R5 X5 70?065=> 40 <=>38< CG5=8F8<0 :>X8 8<0XC ?@>1;5<0 A0 ?@5?8A820Z5< 28H5 >43>20@0 :040 A5 ?8H5 15;8< A;>28<0 =0 B0<=>X ?>4;>78 =53> >1@=CB>. 0 ;8 18 YC48 A0 48A3@0D8X>< B@510;> 40 ?8HC ?8A0=8< A;>28<0 C<5AB> HB03C 45FC A0 48A3@0D8X>< ?8A0=0 A;>20 8<0XC =5:>;8:> ?@54=>AB8. ;8<8=8H5 A5 ?>B@510 70 4870Z5< >;>2:5 8 >4;CG820Z5< 345 X5 ?>=>2> B@510 AB028B8 =0:>= A20:>3 A;>20. !20:> A;>2> 70?>G8Z5 =0 ;8=8X8, G8<5 A5 5;8<8=8H5 X>H X54=0 ?>B5=F8X0;=> 71CZCXC[0 >4;C:0 70 >=>30 :> ?8H5. 8A0=0 A;>20 8<0XC X0:> <0;> A;>20 :>X0 ?@54AB02Y0XC A;8:C C >3;540;C =5:>3 4@C3>3 A;>20, HB> X5 B8?8G0= 872>@ ?@>1;5<0 70 YC45 A0 48A3@0D8X><. 8A0=0 A;>20 8A:YCGCXC ?@>1;5<5 A0 @07<0:>< <5RC @5G8<0 8 40XC @5G8<0 B>: 8 @8B0< :>X8 ?>4AB8GC CG5Z5. >4 45F5 :>X0 8<0XC B5H:>[0 C ?0<[5ZC <>B>@=8E C7>@0:0 >1;8:>20Z0 A;>20, 70?>G8Z0Z5< ?8A0=8< A;>28<0 5;8<8=8H5 A5 B@0C<0B8G=8 ?@5;07 A0 HB020. 5F0 :>X0 ?8HC ?8A0=8< A;>28<0 8<0XC 28H5 <>3C[=>AB8 70 48A:@8<8=0F8XC 87<5RC ?8A0Z0 1, 4, ?;0B8=8F><, A >178@>< 40 X5 ?8A0=8 >1;8: >28E A;>20 B>;8:> @07;8G8B. III # " !## (B0 X5 48A:0;:C;8X0 8 :>;8:> X5 >=0 @0A?@>AB@0Z5=0? 8A:0;:C;8X0 X5 =5A?>A>1=>AB :>=F5?BC0;870F8X5 1@>X520, >4=>A0 <5RC 1@>X528<0 0@8B<5B8G:8E G8Z5=8F0 8 @57C;B0B0 =C<5@8G:8E >?5@0F8X0 ?@>F5Z820Z5 >43>2>@0 =C<5@8G:8E 7040B0:0 ?@5 =53> HB> A5 708AB0 872@H8 87@0GC=020Z5. 8A:0;:C;8X0 X5, :0:> 8AB@06820Z0 4>:07CXC, @0A?@>AB@0Z5=8X0 >4 48A;5:A8X5. 0:> =5:8 48A;5:A8G0@8 8<0XC A;8G=5 ?>B5H:>[5 A0 <0B5<0B8:>< 71>3 ?@>1;5<0 A0 ?@0[5Z5< @54>A;540 A5:25=F8>=8@0Z5< 8 >@30=870F8X><, ?@>1;5<8 48A:0;:C;8G0@0 ?>B8GC >4 <0B5<0B8G:>3 X578:0, <0B5<0B8G:8E :>=F5?0B0 8 <0B5<0B8G:8E ?@>F54C@0. # B>< B@5=CB:C, Z53>28 A8<8 ?>AB0XC C7@>G=8 D0:B>@ C :@C3C =5CA?5E0, 87153020Z0 <0B5<0B8:5 8 >3@0=8G5=8E <>3C[=>AB8 1C4C[53 >1@07>20Z0 8 871>@0 70=8<0Z0. 040 AC >43>20@0XC[5 <5B>45 ?>4CG020Z0 C A:;04C A0 CG5=8:>28< ?>B@510<0, 4>;078 4> 25;8:>3 =0?@5B:0. "8?8G=0 A;8:0 :>XC 28R0<> X5, 40 X54=> A?>A>1=> 45B5, =5>G5:820=> ?>:07CX5 7=0:>25 >718Y=8E ?>B5H:>[0 C X54=>X 8;8 28H5 3>@5 =02545=8E >1;0AB8. !20:>4=52=8 ?@>1;5<8 45B5B0 A0 48A:0;:C;8X>< =5 <0=8D5ABCXC A5 A0<> C ?;0=8@0ZC 4><0[8E 7040B0:0 8 A;8G=>3, 25[ C ?;0=8@0ZC C>?HB5, G0: 8 C B0:28< :>=:@5B=8< A8BC0F8X0<0 :040 45B5 ?;0=8@0 :0:> 40 ?>G8AB8 A2>XC A>1C, ?0 40 ?>B>< B> HB> X5 8A?;0=8@0;> 8 C@048. =>30 45F0 A0 48A:0;:C;8X>< 8<0XC ?>B@51C 70 X0A=>< AB@C:BC@8@0=>H[C C A2>< A20:>4=52=>< 682>BC, 80:>, =060;>AB, <0;> Z8E 0:B82=> B@068 ?><>[ C B>< ?>3;54C. 07C<5B8 71CZCXC[C A;01>AB C <0B5<0B8F80> HB> ?>AB>X5 25HB8=5 :>X5 B@510 A02;040B8 ?@5 >1C:5 G8B0Z0 B0:> ?>AB>X5 8 25HB8=5 :>X5 X5 =5>?E>4=> A02;040B8 ?@5 CG5Z0 <0B5<0B8:5. 525B 25HB8=0 8<0XC 4C1>: CB8F0X =0 A?>A>1=>AB CG5Z0 <0B5<0B8:5. =5 AC =5-<0B5<0B8G:5 ?> A2>X>X ?@8@>48, <5RCB8<, B> AC 25HB8=5 :>X8<0 X5 X0:> 206=> C ?>B?C=>AB8 >2;040B8 ?@5 =53> HB> 8 =0X>A=>2=8X8 <0B5<0B8G:8 :>=F5?B8 <>3C 18B8 CA?5H=> =0CG5=8. #G5Z5 <0B5<0B8:5 :0> 4@C3>3 X578:0 0B5<0B8:0 X5AB5 4@C38 X578: 8 B> B@510 C75B8 C >178@ ?@8 ?>4CG020ZC. =0 X5 8A:YCG82> >3@0=8G5=0 =0 A8<1>;8G:C @5?@575=B0F8XC 845X0. 5[8=0 ?>B5H:>[0 :>X5 28R0<> C <0B5<0B8F8 ?@>8AB8G5 87 =5@0728X5=>AB8 <0B5<0B8G:>3 X578:0. >4CG020Z5 ;8=328AB8G:8< 5;5<5=B8<0 <0B5<0B8G:>3 X578:0 X5, =060;>AB, 70=5<0@5=>. !8=B0:A0, B5@<8=>;>38X0 8 ?@52>4 A0 A@?A:>3 =0 <0B5<0B8G:8 X578: 8 A0 <0B5<0B8G:>3 X578:0 =0 A@?A:8 <>@0 A5 48@5:B=> 8 =0<5@=> ?>4CG020B8. 5:0 =040@5=0 45F0 ?@8@>4=> 8<0XC =54>2>Y=> @0728X5=5 25HB8=5 :>X5 AC ?@54CA;>2 70 CG5Z5 <0B5<0B8:5. @C30 873;540XC @578AB5=B=0 =0 A25 284>25 >1C:5 C <0B5<0B8F8. ! >178@>< 40 AC C7@>F8 ?>B5H:>[0 C <0B5<0B8F8 <=>3>1@>X=8 8 @07;8G8B8, ?>B@51=> X5 D>:CA8@0B8 A5 =0 B5E=8:5 ?>4CG020Z0 70 :>X5 A5 ?>:070;> 40 AC 48X03=>AB8G:5, @5<548X0;=5 8 ?@525=B82=5. !20:8 <0B5<0B8G:8 :>=F5?B <>@0 A5 @07<0B@0B8 C?>B@51>< >15 2@AB5 @07<8HY0Z0. 20=B8B0B82=8 ?@8ABC?8 :>@8AB5 AB0=40@4=> 454C:B82=> <8HY5Z5, A5:25=F8X0;=5, ?@>F54C@0;=5 8 0;3510@A:5 0;3>@8B<5. 20;8B0B82=8 ?@8ABC?8 :>@8AB5 287C5;=5, ?@>AB>@=5, 8=4C:B82=5 8 AB@0B538X5 ?@5?>7=020Z0 H01;>=0. 040 X5 CG8B5Y A83C@0= 40 ?>AB>X5 ?@54CA;>2=5 25HB8=5 8 4>2>Y=> :>3=8B82=> @07C<520Z5, =>28 :>=F5?B B@510 C25AB8 ?> A;545[5< @54>A;54C: @5?>@CG5=8 @54>A;54 70 ?>4CG020Z5 <0B5<0B8F8:1. =4C:B82=8 ?@8ABC? 70 :20;8B0B82=5 CG5=8:50 1X0A=8B5 ;8=328AB8G:5 0A?5:B5 40B>3 :>=F5?B0. 54C:B82=8 ?@8ABC? 70 :20=B8B0B82=5 CG5=8:50B8<, :>@8AB8B5 B8?8G=8 454C:B82=8 ?@8ABC?. 8A<> <>< =0AB02=8:C <0B5<0B8:5 @038 ?@>D5A>@5 <0B5<0B8:5, 5=8 B@510XC B@5=CB=8 >43>2>@8 8 ?@8;8:0 40 7040B0: C@048< >?5B 0:> A0< 30 ?>3@5H=> C@048> ?@28 ?CB. 0 18 A5 B> 87153;>, B@510;> 18 40 ?@>25@8B5 =0G8= =0 :>X8 A0< @048> A20:8 7040B0: 8 8A?@028B5 A20:C 3@5H:C C 70?8A820ZC :>XC A0< =0?@028>. 040F8 :>X8 AC =0?8A0=8 ?@51;87C =0 AB@0=8 8707820XC :>4 <5=5 <5=B0;=C 71CZ5=>AB 8 >7;>X5R5=>AB. >;8< 20A 40 A0AB028B5 G8AB5 B5AB 7040B:5 :>X8 ?@>25@020XC A0<> ?>B@51=5 25HB8=5. =8 <>@0XC 18B8 157 25;8:8E 1@>X520 8 =5?>B@51=8E ><5B0XC[8E 87@0GC=020Z0. "0:28 A?>@54=8 :>;>A5F8 2>45 <5 C 873C1Y5=>AB! >;8< 20A 40 <8 4>72>;8B5 28H5 >4 AB0=40@4=>3 2@5<5=0 40 18E C@048> 7040B:5 8 <>;8< 20A 40 ?@>25@020B5, 40 2848B5 40 =8A0< C ?0=8F8 A0 AC70<0 C >G8<0, <5=B0;=> 1;>:8@0=. :> X5 <>3C[5, <>;8< 20A, 40 <8 4>72>;8B5 40 @048< ?8A<5=8 8;8 :>=B@>;=8 A0< C 20H5< ?@8ACAB2C. => HB> X5 =0X206=8X5 X5 40 =8:04 =5 701>@028B5 40 X0 B> 40 =0CG8< 8 70?03> #' >4 >AB0;8E ?@54<5B0. =0X<0Z5 =5@07C<520Z5 8;8 ?@5:84 C ;>38F8, ?@5?;02YCX5 <5 AC70<0 8 ?0=8:><. >;8< 20A 40 @07C<5B5 40 A0< X0 ?>:CH020> 8 4>682Y020> =5CA?5E <=>3> ?CB0 8 40 X5 <0B5<0B8:0 X0:> 5<>B820= ?@54<5B 70 <5=5. !060Y5Z5 <8 C>?HB5 =5[5 ?><>[8, 0;8 20H5 AB@?Y5Z5 8 ?>A51=0 ?06Z0 E>[5. 0 =5 7=0< 70HB> X5 >2> <5=8 B0:> B5H:>. "> X5 :0> 40 A5 <>X0 <0B5<0B8G:0 40B>B5:0, A 2@5<5=0 =0 2@5<5, A;CG0X=> 1@8H5. X0 =5 <>3C 40 >B:@8X5< =0G8= :0:> 40 8A?@028< B5 3@5H:5 C A8AB5< <>65 70 20A 18B8 8AB> B>;8:> D@CAB@8@0XC[8. 5 ?>AB>X5 ;>38G:8 H01;>=8 <>X8E 3@5H0:0. 5;8:8 1@>X Z8E AC 3@5H:5 C 15;565ZC 8;8 C 28R5ZC A0<> X54=>3 45;0 ?@>1;5<0 C 4@C3><. 5:040 X0 G8B0< 6x x+3 :0> 6 x+3. 5:040 X0 G8B0< 9 :0> 4 8;8 y :0> 4 8 3 :0> 8. 0:>= HB> 1C45B5 @048;8 A0 <=>< =5:>;8:> ?CB0, A83C@0= A0< 40 [5B5 @07C<5B8 :>;8:> X5 206=> >4@6020B8 ?@>1;5<5 HB> X5 <>3C[5 G8AB8X8< 8 ?@>AB8X8< 70B> HB> <>X <>70: 8>=0:> AB20@0 4>2>Y=> A2>X8E D@CAB@8@0XC[8E 4825@78X0. 0 <5=5 X5 B8?8G=> 40 @048< A0 A2>X8< =0AB02=8:>< A25 4>: =5 C?>7=0< 4>1@> <0B5@8X0; 8 40 ?>B>< A20:8 7040B0: =0 B5ABC C@048< ?>3@5H=>! 70B8<, 5 <8=CB0 :0A=8X5, <>3C 40 C@048< 8AB8 B5AB =0A0<> A0 =0AB02=8:><, =0 B01;8, 8 40 A25 7040B:5 B0G=> @5H8<. 0B> 20A <>;8<, 1C48B5 AB@?Y828 A0 <=><, 8 <>;8< 20A =5<>XB5 48[8 @C:5 >4 <5=5! IV # " ! !# (B0 X5 48A?@0:A8X0? 8A?@0:A8X0 X5 @072>X=8 ?>@5<5[0X :>>@48=0F8X5 ?>:@5B0 B5;0. 8A?@0:A8X0 ?>4@07C<520 A;01>AB 8;8 =57@5;>AB >@30=870F8X5 ?>:@5B0 B5;0. "> X5 =5C@>;>H:> AB0Z5 0 =5 1>;5AB, 0 A0<8 A8<8, :>4 A20:>3 ?>X548=F0, <>3C 18B8 87@065=8 C 25[>X 8;8 <0Z>X <5@8. 8A?@0:A8X0 A5 =5 >4=>A8 =0 >?HBC 8=B5;835=F8XC 8 <>65 A5 X028B8 =0 A28< =82>8<0 :>3=8B82=8E A?>A>1=>AB8. 8A?@0:A8X0 ?>30R0 ?;0=8@0Z5 >=>30 HB> B@510 40 A5 C@048 8 =0G8=0 =0 :>X8 40 A5 B> 872545. >2570=0 X5 A0 ?@>1;5<8<0 ?5@F5?F8X5, X578:0 8 <8HY5Z0. =0 G5AB> :>5378AB8@0 A0 4@C38< A<5BZ0<0 C CG5ZC :0> HB> AC 48A;5:A8X0, 48A:0;:C;8X0 8 48A3@0D8X0. 0> 8 A25 A<5BZ5 C CG5ZC, 48A?@0:A8X0 X5 4>682>B=> AB0Z5. #7 ?><>[ 0;B5@=0B82=8E <5B>40 CG5Z0, ?>=>2Y5=>3 25610Z0 >A=>2=8E 7040B0:0, D878:0;=5 8 3>2>@=5 B5@0?8X5, >A>10 A0 48A?@0:A8X>< <>65 40 =0CG8 40 DC=:F8>=8H5 8 ?>AB865 CA?5E5 A0<>AB0;=>. 8A?@0:A8G=0 45F0 >18G=> 8<0XC B5H:>[0 :040 CG5 40 70:>?G020XC 4C3<04 8;8 257CXC ?5@B;5, C >4@6020ZC @02=>B565 8 10@0B0ZC ;>?B><, C ?@5?8A820ZC 8 @C:>?8AC. 20 45F0 G5AB> ?>:07CXC A?5F8D8G=5 A;01>AB8 C 287C>-?5@F5?B82=8< 25HB8=0<0 8 287C>-<>B>@=>X :>>@48=0F8X8, :0> 8 ?@8<5B=5 ?@>1;5<5 A0 ?06Z>< 8 >@30=870F8X><. 8A?@0:A8X0 X5 X>H C25: <0Z5 ?@5?>7=0B0 C >4=>AC =0 48A;5:A8XC, 0;8 X5 ?@5:;0?0Z5 87<5RC >20 420 ?>@5<5[0X0 2@;> 25;8:>, B0:> 40 >B?@8;8:5 ?>;>28=0 48A?@0:A8G=5 45F5 ?>:07CX5 48A;5:A8G=5 B5H:>[5 8 >1@=CB>. 0 25[8=C ?>X548=0F0 A0 >28< ?>@5<5[0X5<, =5 <>65 A5 CB2@48B8 C7@>:. !02@5<5=0 8AB@06820Z0 AC35@8HC 40 >= =0AB0X5 :0> ?>A;548F0 =57@5;>AB8 C @072>XC =5@2=88E [5;8X0 C <>73C ?@5 =53> :0> ?>A;548F0 >HB5[5Z0 <>730. C48 A0 48A?@0:A8X>< =5<0XC :;8=8G:5 =5C@>;>H:5 01=>@<0;=>AB8 :>X5 18 >1X0A=8;5 Z8E>2> AB0Z5. >;8:> X5 48A?@0:A8X0 @0A?@>AB@0Z5=0? 20X ?>@5<5[0X, C @07;8G8B>< AB5?5=C ?>30R0 4> 10% ?>?C;0F8X5. 5@>20B=> ?>AB>X8 10@ X54=> 48A?@0:A8G=> 45B5 C A20:>X CG8>=8F8, :><5 X5 =5>?E>40= ?>A510= ?@>3@0< B@5B<0=0. 0:> 48A?@0:A8X0 <>65 18B8 48X03=>AB8:>20=0 =0 18;> :>< C7@0ABC, A25 X5 25[8 1@>X 45F5 :>4 :>X8E X5 >20X ?@>1;5< 845=B8D8:>20=. 0=> ?@5?>7=020Z5 48A?@0:A8X5 ><>3C[020 @0=C 8=B5@25=F8XC 8 ?@0:B8G=5 :>@0:5 ?><>[8 45B5BC 40 >AB20@8 A2>X ?C=8 ?>B5=F8X0;. >4 45F5 G8X0 X5 48A?@0:A8X0 ?@5?>7=0B0 =0 @0=>< C7@0ABC, <0Z5 X5 25@>20B=> 40 [5 8<0B8 ?@>1;5<5 ?@8E20B0Z0 >4 AB@0=5 2@HZ0:0 8 40 [5 AB2>@8B8 ;>HC A;8:C > A518. 0 48A?@0:A8XC =5<0 ;5:0, 0;8 HB> @0=8X5 45B5 ?>G=5 A0 B@5B<0=><, 25[5 AC H0=A5 70 ?>1>YH0Z5. 5D5:B>;>78, D878>B5@0?5CB8 8 4>40B=0 ?><>[ C H:>;8 <>3C ?><>[8 45B5BC A0 48A?@0:A8X>< 40 A5 =>A8 A0 8 ?@52078R5 <=>35 ?>B5H:>[5. ?0: <=>35 25HB8=5 :>X5 <8 ?@8E20B0<> 74@02> 70 3>B>2> >20 45F0 =8:04 =5 CA20X0XC 0CB><0BA:8 25[ 8E <>@0XC ?>A51=> CG8B8. 0:> <>65<> ?@5?>7=0B8 48A?@0:A8XC? 707>28 A0 :>X8<0 A5 ACA@5[C CG5=8F8 A0 48A?@0:A8X>< AC ?>A;548F0 >2>3 ?>@5<5[0X0 <>B>@=8E 25HB8=0 :>X8 ?>G8Z5 C =0X@0=8X5< 45B8ZAB2C 8 ?5@78AB8@0 :@>7 45B8ZAB2> ?@5:> 04>;5AF5=F8X5 4> >4@0A;>3 4>10. #G5=8F8 A0 48A?@0:A8X>< AC>G020XC A5 A0 >28< 8707>28<0 C CG8>=8F8, 4@CHB2C, 4>:>;8F8 8 =0 8A?8B8<0 7=0Z0. => HB> 18 B@510;> 40 @07C<5 A20:> :> @048 A0 >2>< 45F>< AC :>=B5:AB8 C :>X8<0 >20X ?>@5<5[0X <>B>@=8E 25HB8=0 CB8G5 =0 ?>X548=>3 CG5=8:0. "> =8X5 A0<> >1;0AB <>B>@=8E 25HB8=0 A0<8E ?> A518 25[, B0:>R5, <>65 CB8F0B8 8 =0 4@C35 >1;0AB8, :0> HB> AC 25HB8=5 >@30=870F8X5, @C:>?8A, A;8:0 > A518, A0<>?C740Z5 8;8 A>F8X0;=0 8=B5@0:F8X0. 8A?@0:A8X0 ?>:07CX5 20@8X0F8X5 C <0=8D5AB0F8X8 :>4 A20:>3 ?>X548=F0 0 B0:>R5 8 20@8X0F8X5 C <0=8D5AB0F8X8 87 40=0 C 40=. "5: :040 @07C<5<> :>=B5:AB 70HB> =5:8 CG5=8: 8<0 B5H:>[5 C ?@5?8A820ZC A0 B01;5, ;>H5 25HB8=5 >@30=870F8X5 8;8 8<0 ?>A51=> A?>@ 8 ;>H @C:>?8A, <8 <>65<> >43>2>@8B8 >43>20@0XC[8< @07C<520Z5< 8 5D8:0A=>< ?>4@H:><. @AB5 B5H:>[0 :>X5 >A>10 A0 48A?@0:A8X>< 8<0 <>3C 20@8@0B8, :0> 8 :>4 48A;5:A8G0@0. >H5 >4@6020XC @02=>B56C 8<0XC ;>H5 4@60Z5 8 ;0:> A5 70<0@0XC. <0XC =5A?@5B0= E>4 8 ?>:@5B5 8 =54>AB0B0: A?@5B=>AB8 @C:C. @>1;5<8 A0 <0B5<0B8:><, G8B0Z5< 8 ?8A0Z5<. "5H:>[5 C ?@0[5ZC C?CBAB020. <0XC B5H:>[5 A0 A:0:CB0Z5<, ?@5A:0:0Z5< 8;8 2>6Z>< 18F8:;0. >65 8< 18B8 B5H:> 40 >4@545 ;52> 8 45A=> 157 =5:5 2@AB5 ?>4A5B=8:0. &@B56 X5 X0:> =57@5>. "0G=> ?@5?8A820Z5 B0:>R5 <>65 18B8 >B560=>. >3C 701>@02Y0B8 8 3C18B8 AB20@8. "5H:> 8< X5 40 704@65 4@C30@5 8;8 40 ?@>AC45 :0:> 40 A5 ?>=0H0XC C 4@CHB2C. 0:> CG5=8: ?>AB0X5 AB0@8X8: >@5 =02545=8 8707>28 ?>AB0XC <0Z5 >G83;54=8 ?0 A5 AB>30 <>3C A<0B@0B8 <0Z5 206=8<0. 5RCB8<, =0 >2>< AB5?5=C A2>3 @072>X0 >=8 ?>AB0XC A?>A>1=8X8 40 ?@8:@8XC A2>X5 B5H:>[5. !B>30 CG8B5Y8 <>@0XC 18B8 A25A=8 40 B5H:>[5 8 40Y5 ?>AB>X5 80:> =8AC C25: B0:> >G83;54=5. (B0 X5 ?>B@51=> 45F8 A0 48A?@0:A8X>@8AB 8<0XC >4 B5@0?8X5 X540= =0 X540=. 1@07>20Z0. 0:> CG8B5Y8 <>3C ?><>[8? 8:040 =5 4>72>;8B5 40 A5 45B5 A0 48A?@0:A8X>< C?>@5RCX5 A0 B8?8G=8< 45B5B><. 8B8 >4 AB@0=5 CG8B5Y0 =8B8 >4 AB@0=5 2@HZ0:0. 5B5 A0 48A?@0:A8X>< X5 =028:;> 40 AB0;=> 4>682Y020 =5CA?5E5. >@0 A5 CG8=8B8 =0?>@ 40 8< ?>483=5<> A0<>?C740Z5. 040 A5 >A5[0XC 1>Y5 ?> ?8B0ZC A515 ;0:H5 [5 8< 18B8 40 A5 >?CAB5 8 CG5. 0XB5 8< 28H5 2@5<5=0. @>25@8B5 40 =8AC 70>AB0;8 70B> HB> =5 <>3C 40 ?@5?8HC A0 B01;5 71>3 =?@. 5AB> C CG8>=8F85B5 18 B@510;> 40 A548 C40Y5=> >4 ><5B0XC[8E D0:B>@0 ?@>7>@8 , 2@0B0 8 1;87C B01;5. 25 83@5 :>4 Z8E <>3C 870720B8 71@:C 8 D@CAB@0F8XC B0:> 40 A20:> CG5AB2>20Z5 C >28< 83@0<0 8 =0?>@ C;>65= C B> B@510 18B8 ?>E20Y5=. !?>@BA:5 0:B82=>AB8:V # " !$#(B0 X5 48AD078X0? 8AD078X0 X5 B8? A<5BZ8 C CG5ZC :>X0 ?@8<0@=> ?>30R0 X578:. 8AD078X0 X5 @072>X=8 X578G:8 ?>@5<5[0X, >4=>A=> ?>@5<5[0X A?>A>1=>AB8 40 A5 @07C<5, AB@C:BC8@0 8 87@078 X578G:0 <8A0>. #A20X0Z5 X578:0 X5 7=0G0X=> >B560=> C?@:>A =>@<0;=>X =525@10;=>X 8=B5;835=F8X8, C@54=>< A;CEC, >4ACAB2C <>640=>3 >HB5[5Z0 8 ?>AB>X0ZC AB83 X578G:>3 >:@C65Z0. 8AD078X0 X5 B@0X0= ?>@5<5[0X :>X8 A5 >4@06020 =0 45B5B>2 5<>F8>=0;=8, 4@CHB25=8, ?>@>48G=8 8 0:045B. 20 >4@06020Z0 AC CB>;8:> B560 HB> A5 > ?@>1;51@> 0;8 ?@8 B>< =5 <>3C 40 AE20B5 A<8A0> >=>30 HB> GCXC. =0 <>3C 8<0B8 >3@0=8G5= @5G=8:. "0:>R5, <>3C 8<0B8 >3@0=8G5=C ?@8<5=C @5G=8:0 BX. :040 3>2>@5, >=8 8<0XC 25;8:8E ?@>1;5<0 40 A5 87@075 B0:> 40 8E 4@C38 @07C<5XC. "5H:>[0 A0 87@06020Z5< A<5B0 8< C @072>XC A?>A>1=>AB8 :>@8H[5Z0 @5G=8:0 :>X8 >43>20@0 C7@0ABC, :>=F5?0B0 8 3@0<0B8:5 40 18 87@078;8 A2>X5 65Y5, ?>B@515, <8A;8 8 845X5. 20X 45D8F8B X5, <5RCB8<, >3@0=8G5= A0<> =0 >1;0AB X578:0, X5@ >20 45F0 C 4@C38< >1;0AB8<0 ?>:07CXC ?>B?C=> =>@<0;=C 8=B5;835=F8XC. >@5<5[0X <>65 CB8F0B8 =0 X578G:C D>@=>;>38X0, <>@D>;>38X0 A8=B0:A0 , X578G:8 A04@60X A5<0=B8:0 8;8 DC=:F8XC X578:0 ?@03<0B8:0. 578G:8 ?>@5<5[0X <>65 ?>3>48B8 X54=C 8;8 A25 >1;0AB8 X578:0 8 :>=F5?0B0, ?@8<5=C 3@0<0B8G:8E ?@028;0, A8=B0:AC 8 @07C<520Z5. 8AD078X0 =8X5 E><>35= ?>@5<5[0X. "@048F8>=0;=> A5 >20X ?>@5<5[0X 45;8 =0 @5F5?B82=8 @07C<520Z5 8 5:A?@5A82=8 87@06020Z5. 5RCB8< 45B5B>25 B5H:>[5 =5 <>3C A5 C25: A2@AB0B8 C B0:> >42>X5=5 :0B53>@8X5 8 45B5 A0 B5H:>[0<0 87@06020Z0 <>65 B0:>R5 8<0B8 7=0G0X=5 B5H:>[5 A0 @07C<520Z5<. "5H:>[5 C @07C<520ZC 8 87@06020ZC :@5[C A5 >4 1;038E 4> 87@078B8E. 8AD078X0 =8X5 AB0B8G=> AB0Z5. @>1;5< A5 <>65 <0=8D5AB>20B8 =0 @07;8G8B5 =0G8=5 :0:> 45B5 @0AB5, B0:> 40 A5 ?@><5=5 C X578G:>< ?@>D8;C C >4@5R5=>< 2@5<5=A:>< ?5@8>4C <>3C :@5B0B8 >4 @5;0B82=> <0;8E 4> 708AB0 7=0G0X=8E. 8X5 =5>18G=> 40 =5:0 45F0 :>X0 AC =0 @0=>< C7@0ABC 8<0;0 ?@>1;5<0 A0 @072>X5< X578:0, @0728XC 045:20B=5 X578G:5 25HB8=5 157 4C3>@>G=8E ?>A;548F0 =0 CG5Z5. !0 4@C35 AB@0=5, ?>A;548F5 X578G:>3 ?>@5<5[0X0 :>X8 X5 873;540> 87;5G5=, <>3C =0 :0A=8X5< C7@0ABC CB8F0B8 =0 CA20X0Z5 X578G:8E 25HB8=0 :0> HB> AC G8B0Z5 8 ?8A0Z5, :0> 8 <0B5<0B8G:8E 25HB8=0. AB@06820G8 A5 A;06C C :>=AB0B0F8X8 40 X5 48AD078X0 =5C@>;>H:8 C7@>:>20=0. 8AD078X0 >4@06020 @07=>2@A=5 48ADC=:F8X5 C <>640=8< ?CB528<0 >43>2>@=8< 70 @07C<520Z5, @072>X 8 ?@>3@0<8@0Z5 X578:0. @8@>40 >28E 48ADC=:F8X0 X5 =5?>7=0B0. # 25[8=8 A;CG0X520, ?@>1;5< X5 35=5BA:5 ?@8@>45 8;8 X5 ?>A;548F0 ;578X0 =0AB0;8E C ?5@8>4C @072>X0 <>730 B>:>< B@C4=>[5 8;8 ?>@>R0X0. @>1;5< 40:;5 25[ ?>AB>X8 =0 @>R5ZC 8 =8X5 ?>A;548F0 5<>B82=5 8;8 =5:5 4@C35 B@0C<5. !B0=40@4=8< =5C@>;>H:8< B5AB>28<0 =5 <>3C A5 >1571548B8 8=D>@<0F8X5 > >2>< AB0ZC. 040 X5 48AD078X0 1;030, >=0 G5AB> >AB0X5 =5>B:@825=0 4> ?>;0A:0 45B5B0 C H:>;C. 5F0 A0 1;038< 8 A@54Z5 B5H:8< >1;8:>< 48AD078X5 <>3C 40 DC=:F8>=8HC C @54>2=>X H:>;8 C7 ;>3>?54A:C B5@0?8XC 8 ?>A51=C ?>4@H:C. 20;C0F8XC 2@H8 ;>3, ;>3>?54, 0C48>;>3 8 45G8X8 =5C@>;>3 8X03=>7C ?>AB02Y0 ;>3>?54 A >178@>< 40 X5 48AD078X0 X578G:8 ?@>1;5<. >;8:> X5 48AD078X0 @0A?@>AB@0Z5=0? !02@5<5=0 8AB@06820Z0 AC35@8HC 40 A5 8=F845=F0 @072>X=5 48AD078X5 :@5[5 G0: 4> 7-8% :>4 45F5 ?@54H:>;A:>3 C7@0AB0. 0:> CG8B5Y8 <>3C ?><>[8? "8<5 A5 >;0:H020 8 CG8B5YC 8 45B5BC C?>B@510 ?>4AB8F0X0 8;8 4@C38E AB@0B538X0 :>X5 ?@8<5ZCX5B5 40 18AB5 0=306>20;8 45B5. "> [5 >;0:H0B8 :> [5 <>[8 C 45:>48@0ZC ?@8@<0F8X0. # 7028A=>AB8 >4 C7@0AB0 45B5B0, =5:040 ?><065 40 C:YCG8B5 45B5 C 871>@ AB@0B538X5 :>X0 Z5<065. "0:> [5B5 18B8 A83C@=8 40 8<0B5 Z53>2C ?06ZC. "> [5 >;0:H0B8 >1@04C 8=D>@<0F8X0 0C48B82=8< ?CB5<. 5RCB8<, 206=> X5 40 3>2>@ =5 1C45 ?@528H5 A?>@ :0:> A5 =5 18 873C18> :>=B8=C8B5B ?>@C:5. 0XB5 ?@8<5@5 =0:>= ?@54AB02Y0Z0 =>25 845X5. VI # " 8701@0;> 40 A5 B0:> ?>=0H0. 5F0 A0 A% 65;5 40 :>=B@>;8HC A2>X5 ?>=0H0Z5 8 40 ?>:CH0XC 40 1C4C ?>A;CH=0, 0;8 1820XC >ACX5[5=0 C B><5 71>3 18>;>H:>3 ?>@5<5[0X0 :>X8 8<0XC. AB@06820G8 ACB@0=A<8B5@0 E5<8:0;8X0 :>X5 :>=B@>;8HC ?>=0H0Z5 , 8 01=>@<0;=8 <5B01>;870< 3;C:>75. !:>@0HZ0 8A?8B820Z0 <>730 ?@>=0H;0 AC 25><0 A<0Z5= ?@>B>: :@28 8 5;5:B@8G=5 0:B82=>AB8 C D@>=B0;=8< 45;>28<0 <>730. "> AC 45;>28 <>730 :>X8 ?@0B5 8 :>=B@>;8HC ?>=0H0Z5, ?06ZC 8 8=E818F8X5 8 >102Y0XC AB@0B5H:> ?;0=8@0Z5 8 ?>AB02Y0Z5 F8Y520. #?>B@51>< AB820 ?>25[020 A5 :>;8G8=0 5;5:B@8G=5 0:B82=>AB8, ?@81;86=> 4> =>@<0;=>3 =82>0, 8 :>;8G8=0 ?@>B>:0 :@28 G8<5 A5 ><>3C[020 <>73C 40 :>=B@>;8H5 8=E818F8X5 8 CA<5@020 ?06ZC. >;8:> X5 A% @0A?@>AB@0Z5=? >@5<5[0X ?06Z5 ?>30R0 >:> 5% 45F5 8 B8=5X_5@0 8 >:> 3% >4@0A;8E. >4 <0Z5 >4 ?>;>28=5 4>;078 4> 7=0B=>3 A<0Z820Z0 A8<0 C 04>;5AF5=F8X8 8;8 >4@0A;>< 4>1C. :> A5 =5 B@5B8@0, >20X ?>@5<5[0X <>65 8<0B8 4C3>@>G=5 =530B82=5 ?>A;548F5 C 04>;5AF5=F8X8 8 >4@0A;>< 4>1C. 0 3@C?C C A@548=8, >= A0<> CB8G5 =0 Z8E>2C ?06ZC, D>:CA, :>=F5=B@0F8XC 8 A?>A>1=>AB 40 A5 ?>A0> 4> :@0X0 702@H8. >AB>X5 B@8 ?>4:0B53>@8X5 >2>3 ?>@5<5[0X0: A% — @54><8=0=B=> =5?06Y82 B8? =5?06Y82, 48AB@0:B018;0= 8 =5>@30=87>20= A% — ?@54><8=0=B=> E8?5@0:B82=>-8<18=>20=8 B8? =5?06Y82, 48AB@0:B018;0=, =5>@30=87>20=, E8?5@0:B820=, =5C<>@0= 8 8:07CXC 40 X5 A?>A>1=>AB :>=F5=B@0F8X5 1>Y8 ?>:070B5Y 0:0453 CA?5E0 >4 >AB0;8E <5@0 0:045A>1=>AB8. 1@0[0Z5 ?06Z5 =>30 45F0 A0 ?@>1;5<8<0 ?06Z5 >1@0[0XC ?06ZC =0 A25 C A25BC >:> Z8E ?>4X54=0:>. "> 7=0G8 40 >=8 8AB> 2@5<5 ?>A25[CXC 4>48@C >45[5 =0 A2>X>X :>68, 7CX0ZC A8X0;8F5 87=04 3;025, 45F8 :>X0 A5 =0?>YC 83@0XC 8 7040B:C 87 <0B5<0B8:5 :>X8 X5 8A?@54 Z8E. ">, =0@02=>, ?@54AB02Y0 ?@>1;5< C A;CG0XC :040 >=8 B@510 40 >1@0B5 ?06ZC A0<> =0 7040B0: 87 <0B5<0B8:5 8;8 =0 =0AB02=8:0. 54>AB0B0: D;5:A818;=>AB8 ?06Z55> ?@>1;5<0 :>4 A% X5 8 =54>AB0B0: D;5:A818;=>AB8 ?06Z5. A>10 157 A% 8<0 A?>A>1=>AB 40 A5 ?@510FCX5 A0 ?06Z5 :>X0 X5 CA<5@5=0 =0 A?5F8D8G=8 7040B0:, :>X8 X>X X5 40B, =0 2@ABC ?06Z5 :>X0 X5 3;>10;=0, <=>3> ?CB0 C A0<> =5:>;8:> A5:C=48. 040 3>4 B> ?>65;8, =5:> 157 A%, <>65 A5 ?@510F8B8 A0 G8B0Z0 :Z835, =0 1@7> ?@53;54020Z5 ?@>AB>@8X5 40 18 2845> 345 AC 45F0 8 HB0 >=0 @045, ?0 40 A5 ?>B><, 2@;> 1@7>, 2@0B8 D>:CA8@0ZC =0 G8B0Z5. 57 A%, <8 8<0<> D;5:A818;=>AB C A2>X>X A?>A>1=>AB8 CA<5@020Z0 ?06Z5. >65<> A5 ?@510F820B8 A0 A?5F8D8G=>3 D>:CA0 =0 3;>10;=8 D>:CA ?@5<0 A2>X>X 2>Y8 8 B> 25><0 1@7>. A>15 A0 A% =5<0XC B0:2C 8ABC D;5:A818;=>AB. A>10<0 A0 A% 25><0 X5 B5H:> 40 A5 ?@510F5 A0 3;>10;=>3 D>:CA0, :0:02 <>3C 8<0B8 =0 >4<>@8<0 87<5RC G0A>20, =0 A?5F8D8G0= D>:CA :>X8 X5 ?>B@510= >=40 :040 A5 2@0B5 C CG8>=8FC 40 18 CG8;8 <0B5<0B8:C 8;8 @048;8 7040B:5 :>X8 AC 8A?@54 Z8E. >A040 =>30 45F0 A0 ?>@5<5[0X5< ?06Z5 8<0XC B5H:>[5 C :>=F5=B@8A0ZC =0 A?5F8D8G=8 7040B0: :>X8 X5 8A?@54 Z8E, ?>A51=> 0:> @045 =0 =5G5 HB> X5 4><0[8 7040B0: 8;8 ?>A;>28 ?> :C[8, :>X8 AC A0<> <0;> 8=B5@5A0=B=8 8;8 =8AC 8=B5@5A0=B=8 C>?HB5. 5F0 A0 A% <>@0XC 18B8 2@;> <>B828A0=0, 2@;> C71CR5=0, 2@;> 708=B5@5A>20=0 >=8<5 HB> @045 40 18 <>3;8 =0 B> 40 CA<5@5 ?06ZC. =5HB> 4>1@> 70 X5;> 8;8 [5 <5 B> ?>X5AB8? 0:> 18 B@510;> 40 A5 >A5[0< ?@5<0 B>X =>2>X AB20@8? "@510 ;8 40 <8 A5 A28R0 8;8 B@510 40 X5 A5 ?;0H8 40 =8:040 =5 <>3C X54=>AB02=> 40 A5 >?CAB5. 5:0 >4 >25 45F5 B0:>R5 8<0XC 1@7C =0@02, :@0B0: D8B8Y. =0 AC ?>=5:04 5:A?;>782=0. '5AB> 3C15 ?@8X0B5Y5 71>3 A2>X5 =0@028, 8 G5AB> 45;CXC :0> 40 ?@5;5[C ?@5:> YC48 :0> B>@=04>. ;8, :0> HB> A<> @5:;8, <=>3> 45F5 A0 A% =8AC E8?5@0:B82=0. 5[8=0 B0:25 45F5 AC 452>XG8F5, :>X5 B565 40 A545 C 704Z8< @54>28<0 CG8>=8F5 8 B8E> 4>18X0XC 42>X:5 8 B@>X:5, 80:> A28 7=0XC 40 18 B@510;> 40 4>18X0XC G5B2>@:5 8 ?5B8F5. 5F0 A0 A% 157 E8?5@0:B82=>AB8 AC >18G=> ?>2CG5=0 8 =5?>?C;0@=0. AB C ?>=0H0ZCA% >A>15 A0 8H[C C ?>=0H0ZC =5 70AB0XC 40 @07<8A;5 ?@5 =53> HB> =5HB> C@045. 0CG=5 ABC48X5 AC ?>:070;5 40 AC YC48 A0 A% <0Z5 @50:B82=8 >4 4@C38E =0 D8415: :>X8 4>;078 87 >:@C65Z0 :0> HB> AC ?>A;548F5, =03@045 8 :07=5. 5F0 A0 A% G5AB> =5 CG5 87 ?@5BE>4=8E 3@5H0:0. 25 8 @045 =0 7040B:C 4>: 30 =5 702@H5. 8 X54=0 >4 >28E AB20@8 =8X5 ;0:0 70 A% 45FC. ;8 8?0:, 40= 70 40=><, >=8 >4;075 C H:>;C. '5AB>, 45F0 A0 A% 8<0XC ?>B@51C 70 A?5F8X0;=8< H:>;>20Z5<, 0;8 B> =8X5 C25: A;CG0X. 5[8=0 >25 45F5 <>3C 18B8 CA?5H=0 8 C @54>2=>X H:>;8 C7 =5:C 2@ABC ?><>[8. 5F0 A0 A% 8<0XC 28A>:C 8=F845=FC >AB0;8E A<5BZ8 C CG5ZC. @>1;5<8 A0 <0B5<0B8:><, G8B0Z5< 8 ?8A0Z5< <>3C A5 X028B8 :>4 >:> 30% >A>10 C >2>X 48X03=>AB8G:>X 3@C?8. >4 45B5B0 A0 A% C25: A5 28R0 =865 ?>AB83=C[5 =53> HB> 18 >=> B@510;> 40 1C45 C >4=>AC =0 IQ :> 18 B@510;> 40 1C4C >4;8G=8 R0F8, >=8 AC C<5AB> B>30 4>1@8. :> 18 B@510;> 40 1C4C 2@;> 4>1@8 R0F8, >=8 AC 4>2>Y=8. !20:5 =545Y5, >=8 <0;> ?> <0;> 70>AB0XC, A25 4>: =5 70>AB0=C B>;8:> 40 8< ?>AB0X5 =5<>3C[5 40 B0X 70>AB0B0: =04>:=045. =8 3C15 A2>X5 4><0[5 7040B:5, G0: 80:> AC ?@>25;8 A0B5 @045[8 8E. =8 <=>3> CG5, 40 18 A5 ?@8?@5<8;8 70 :>=B@>;=5, A0<> 40 18 ACB@040= A25 ?>3@5H=> C@048;8. =8 X54=>AB02=> 70>AB0XC A25 28H5 8 28H5 A0 A20:>< =545Y>< :>X0 ?@>;078. "@5[8 @07@54A% A5 =0XG5H[5 ?@5?>7=0X5 C B@5[5< @07@54C. 5B8 @07@54"0:>R5, C ?5B>< @07@54C, :040 45B5 4>18X0 <=>3> =0AB02=8:0, <=>30 45F0 :>X0 AC =0H;0 =0G8=5 40 :>X5 ?>B5H:>[5 @0=8X5, ?>B?C=> A5 873C15 C B>< =>2>< >:@C65ZC. >A;548F5 C :0A=8X5< 682>BC!BC48X5 45F5 A0 A% ?>:07CXC 40 23-45% Z8E 8<0 <0;>;5B=8G:5 ?@5AC45. @>F5ZCX5 A5 40 70% <0;>;5B=8E 45;8:25=0B0 8<0XC A%, :0> 8 40% >4@0A;8E 70B2>@5=8:0. A% A5 =0AB02Y0 8 C >4@0A;>< 4>1C. 0:> AC A?>A>1=8 1>Y5 40 D>:CA8@0XC ?06ZC, Z8E>2> 8 ?>=0H0Z5 8 40Y5 >AB0X5 =5?@8:;04=>. 57>@30=870F8X0, 701>@02=>AB 8 <0Z0 ?@>4C:B82=>AB ><5B0XC Z8E>2 :20;8B5B 682>B0. 0:02 X5 >A5[0X 8<0B8 A%? <0B8 A% X5 :0> 40 20A AB025 C <@0G=C A>1C, A0 AB20@8<0 @0710F0=8< C=0>:>;>, B0:> 40 20A A0?;8[C. 8AB5 4>18;8 10B5@8XA:C ;0AB0;8 X5AC. 8 A5 A0?;8[5B5 ?> A>18, =0;5[5B5 =0 AB20@8, A25 4>: =0 :@0XC =5 =0CG8B5 873;54 A>15. 0B8< 20A =5:> ?@510F8 C =>2C A>1C, 8 F5> ?@>F5A ?>G8Z5 87 ?>G5B:0. "> X5 :0> 40 8<0B5 28E>@ C A2>< C 40 ;5B8 C=0>:>;> 8 =8HB0 =5 >AB0X5 =0 <5ABC. 5:8 AC C?>@548;8 B0X >A5[0X A0 3;540Z5< :0:> =5:> <5Z0 :0=0;5 =0 "-C A20:8E ?5B A5:C=48. >65B5 4>18B8 >?HBC 845XC > >=><5 HB> A5 45H020, 0;8 ?@>?CHB0B5 25[8=C A04@60X0. !025B8 CG8B5Y8<0 45F5 A0 A% >A;54=>AB X5 :YCG C ?><>[8 45F8 A0 A%. =8 A5 X0:> B5H:> =>A5 A0 ?@><5=0<0, G0: 8 :040 AC B5 ?@><5=5 ?>78B82=5. =8 8<0XC ?>B@51C 70 >A5[0X5< A?>Y0HZ5 AB@C:BC@5, 70B> HB> 8< =54>AB0X5 >A5[0X C=CB@0HZ5 AB@C:BC@5. >=F5=B@0F8XC 8 ?06ZC =0X1>Y5 X5 ?>4AB0[8 :@>7 ?@8?@5 425 2@AB5 2@5<5=0… <=>3> 8;8 =8<0;>. =8 AC >18G=> ;>H8 C >@30=87>20ZC A2>3 2@5<5=0 8 B@510XC 20A 40 8< ?><>3=5B5 40 @0AB025 7040B:5 =0 <0Z5 :>=5=B5. '5AB> X5 >4 ?><>[8 A<5HB0Z5 45F5 A0 A% C ?@54Z8 45> ?@>AB>@8X5 =0X1;865 B01;8 8;8 <5ABC A0 :>30 =0AB02=8: 2@H8 ?@54020Z5. :> X5 45B5 45A=>@C:>, A<5HB0Z5 C ?@54Z8 45A=8 C30> CG8>=8F5 <8=8<0;87CX5 1@>X 45F5 :>XC 3;540XC 40 A5 <5H:>Y5 4>: ?8HC. @>10XB5 40 87153=5B5 A<5HB0Z5 45F5 A0 A% =0 C728H5Z0 C CG8>=8F8 8;8 C A8BC0F8X5 C :>X8<0 28H5 45F5 70X54=> >102Y0XC =5:8 7040B0:. "> <0:A8<0;87CX5 Z8E>2C 48AB@0:B018;=>AB. >@8AB8B5 1>X5 8 >1;8:5 40 18AB5 8< ?><>3;8 40 A5 >@30=87CXC. >:CH0XB5 40 >1571548B5 B8E> <5AB> 70 @04, C :><5 =5<0 ><5B0XC[8E D0:B>@0, :040 X5 ?>B@510= @04 =0 <5ABC. %8?5@0:B82=8< CG5=8F8<0, :>X8 8<0XC ?>B@51C 70 AB0;=>< 0:B82=>H[C, ?><>[8 [5B5 40 >4@65 ?06ZC 0:> 8< 4>72>;8B5 40 A5 83@0XC A0 =5G8< C @C:0<0, =?@. "0:>R5 18 8< B@510;> ><>3C[8B8 40 ?@025 :@0B:5, :>=B@>;8A0=5 ?0C75. "> 18 B@510;> >@30=87>20B8 B0:> 40 A5 <8=8<0;87CX5 C7=5<8@020Z5 8 A0<>3 B>3 CG5=8:0 8 4@C35 45F5 C @07@54C. 5=5@0;=>, @5B:> [5B5 <>@0B8 40 A5 1@8=5B5 40 [5 CG5=8F8 7;>C?>B@518B8 A2>XC ?@828;538XC. (B028H5, B0:20 4>?CHB5Z0 AC =5>?E>4=0 40 18 CG5=8: =0CG8> 40 ?@5?>7=0 :040 B@510 40 =0?@028 ?0C7C, ?@5 =53> HB> ?>AB0=5 =5:>=F5=B@8A0= 8 ?>G=5 40 @5<5B8 @04 C CG8>=8F8. @>10XB5 40 @048B5 C >:28@C 45B5B>2>3 @0A?>=0 ?06Z5. '5AB> <5Z0XB5 2@ABC 0:B82=>AB8 40 18 45B5 <>3;> 40 =0AB028 40 @048 ?@>4C:B82=>. '5AB> >AB20@CXB5 :>=B0:B >G8<0 A0 CG5=8:>< 0?020 45F0 8<0XC B5=45=F8XC 40 G8=5 40 A5 YC48 >:> Z8E A20R0XC. =>30 >4 >25 45F5 AC 287C5;=8 B8?>28 CG5=8:0. @>10XB5 40 AB20@8 CG8=8B5 28H5 287C5;=8< 8;8 B0:B8;=8<, ?0 [5 8E >=8 <>640 1>Y5 @07C<5B8. 5<>XB5 1@8=CB8 0:> A5 >A5[0B5 D@CAB@8@0=8<… B0:> A5 >A5[0XC 8 Z8E>28 @>48B5Y8 0 8 A0<0 45F0. !0<> =5<>XB5 AE20B0B8 Z8E>2> ?>=0H0Z5 :0> =5HB> HB> X5 CA<5@5=> ;8G=> ?@>B82 20A, 70B> HB> C 25[8=8 A;CG0X520 708AB0 8 =8X5. VII & ! ! " <5=B0;=> :@E:8 8 40 8< X5 ?>B@51=> <=>3> ?>4870Z0 A0<>?>C740Z0 ?@5 =53> HB> [5 B5E=8:5 :>X5 [5<> =025AB8 ?>G5B8 40 45;CXC. @C60XB5 3> 25@10;=8E 8 =525@10;=8E ?>4AB8F0X0. 0?0A;54=>AB C ?@8ABC?C [5 ?><>[8 C 87<5=8 =565Y5=>3 ?>=0H0Z0 =54>AB0B:0 <>B820F8X5 , 20H5 2@5<5 8 AB@?Y5Z5 [5 A5 8A?;0B8B8 8 ?>;0:> 0;8 A83C@=> 20H [5 B@C4 18B8 =03@0R5=. :><>40F8X0 CG5=8:0 A0 A<5BZ0<0 C CG5ZC C >:28@C CG8>=8F5 >4CG020Z5 CG5=8:0 A0 A<5BZ0<0 C CG5ZC C A28< A8BC0F8X0<0 C CG8>=8F8 X5 708AB0 8707>2=>. CG8B5Y8 C @54>2=8< 8 CG8B5Y8 C A?5F8X0;=8< H:>;0<0 B@065 0:><>40F8X5 :>X5 C=0?@5RCXC CG5Z5 8 2>R5Z5 @07@540 CG5=8:0 E5B5@>35=8E A?>A>1=>AB8. 06=> X5 ?@>=0[8 0:><>40F8X5 :>X5 X5 @07C<=> B@068B8 >4 CG8B5Y0 40 ?@8<5ZCXC C A28< A8BC0F8X0<0 C CG8>=8F8. !;545[5 0:><>40F8X5 45;CXC @07C<=> 8 >15715RCXC >:28@ 70 ?><>[ CG5=8F8<0 A0 ?@>1;5<8<0 C CG5ZC 40 18 <>3;8 40 ?>AB83=C CA?5E C @54>2=>< 8 C A?5F8X0;=>< H:>;>20ZC. @8;03>R020Z5 <0B5@8X0;0#G5=8F8 ?@>2>45 25;8:8 45> H:>;A:>3 40=0 C 8=B5@0:F8X8 A0 <0B5@8X0;8<0. 5[8=0 =0AB02=8E <0B5@8X0;0 40X5 =0AB02=8F8<0 <0;> C?CBAB020 70 ?>4CG020Z5 @07@540 CG5=8:0 :>X8 CG5 @07;8G8B8< B5< 8 =0 @07;8G8B5 =0G8=5. 20X >45Y0: 1028 A5 0:><>40F8X0<0 :>X5 ?>4AB8GC CG5Z5 @07=>;8:8E CG5=8:0. '5AB>, 2>;>=B5@8 8 CG5=8F8 <>3C ?><>[8 40 A5 @0728XC 8 ?@8<5=5 @07;8G8B5 0:><>40F8X5. =>38 ?@>1;5<8 A0 <0B5@8X0;>< 2570=8 AC 70 B5H:>[5 C G8B0ZC. 8:B0D>= X5 G5AB> >4;8G=> A@54AB2> 70 ?@52078;065Z5 >2>3 ?@>1;5<0. #?CBAB20, ?@8G5 8 >4@5R5=5 ;5:F8X5 <>3C 18B8 A=865 87=>20 ?@5A;CH020B8 A=8<0: 40 18 X0A=> @07C<5> C?CBAB20 8;8 :>=F5?B5. "0:>R5, C F8YC ?>1>YH020Z0 25HB8=5 G8B0Z0, CG5=8: <>65 C A518 G8B0B8 @5G8 >=0:> :0:> AC >=5 A=83> X548=8F0 8=D>@<0F8X0. "> <>65 18B8 ?>@07=> 70 ?>X548=5 CG5=8:5. 0AB02=8: <>65 ?>42C[8 8;8 8AB0[8 206=5 45;>25 C?CBAB20. @5@0R820Z5 C?CBAB020, B0:>R5, G5AB> <>65 18B8 >4 ?><>[8. #G8B5Y <>65 2048B8 AB@0=5 87 @04=8E A2570:0 8 <0B5@8X0;0 40 18 CG5=8F8<0 :>X8 ?>AB0XC 701@8=CB8 :04 2845 :>;8:> <>@0XC 40 C@045, ?@575=B>20;8 28H5 <0Z8E 7040B0:0. 20 B5E=8:0 A?@5G020 CG5=8:0 40 ?@53;54020 G8B02C @04=C A25A:C, B5:AB 8;8 <0B5@8X0; 8 40 A5 ?>B>< >15AE@01@8 71>3 :>;8G8=5 ?>A;0 :>X8 B@510 40 >1028. "0:>R5, CG8B5Y <>65 A<0Z8B8 >18< @040 C:>;8:> 18<=>. 0 :@0XC, =0AB02=8: <>65 ?>45;8B8 @04=8 ;8AB =0 45;>25 8 C?CB8B8 CG5=8:0 40 C@048 >4@5R5=8 45>. :> CG5=8:0 ;0:> ><5B0XC 287C5;=8 AB8< @04=>< ;8ABC, <>65 A5 :>@8AB8B8 ?@070= ;8AB ?0?8@0 40 A5 ?@5:@8XC 45;>28 AB@0=8F5 =0 :>X8<0 A5 B@5=CB=> =5 @048. "0:>R5 A5 <>3C :>@8AB8B8 <0@:5@8 40 18 A5 ?>B?><>3;> G8B0ZC, 0 ?@>7>@8 8A5G5=8 C ?0?8@C <>3C A5 :>@8AB8B8 70 ?@8:07820Z5 ?>X548=0G=8E 7040B0:0 87 <0B5<0B8:5. :> 04>;5AF5=B <>65 G8B0B8 B5:AB 87 C_15=8:0 0;8 8<0 ?@>1;5< C ?@>=0;065ZC 18B=8E 8=D>@<0F8X0, =0AB02=8: 65 8AB0:=CB8 :>@8H[5Z5< <0@:5@0. # ?>B@>H=>< <0B5@8X0;C :>X8 70EB520 A5:25=F8>=0;=> =0?@54>20Z5 :0> HB> AC @04=8 ;8AB>28 , CG5=8: <>65 8A5[8 4>Z8 45A=8 C30> AB@0=8F0 :>X5 AC 702@H5=5. 040 AC A25 702@H5=5 AB@0=8F5 B0:> 8A5G5=5, CG5=8: 8 =0AB02=8: <>3C >4<0E ?@>=0[8 AB@0=8FC :>XC B@510 ?@53;540B8 8;8 C@048B8. 5:8 <0B5@8X0;8 =5 A04@65 4>2>Y=> 25610Z0, ?>B@51=8E 40 18 A5 >2;040;> 40B>< 25HB8=><, CG5=8F8<0 A0 A<5BZ0<0 C CG5ZC. #G8B5Y8 B040 <>@0XC >15715R820B8 4>40B=8 <0B5@8X0; 70 25610Z5. @5?>@CG5=5 25615 C:YCGCXC 54C:0B82=5 83@5, 0:B82=>AB8 CG5Z0 A0 2@HZ0F8<0, <0B5@8X0;5 70 25610Z5 A0<>:>@5:F8X5, :>3@0<5 8;8 4>40B=5 @04=5 ;8AB>25. 0 28H5< =82>C, A?5F8D8G=8 X578: 45;>20 A04@60X0 70EB520 ?06Y82> G8B0Z5. #G5=8F8 G5AB> 8<0XC :>@8AB8 >4 @5G=8:0 B5@<8=0 2570=8E 70 A04@60X. :><>40F8X5 :>X5 A5 B8GC 8=B5@0:B82=>3 ?>4CG020Z0040B0: 704>18X0Z0 ?06Z5 CG5=8:0 8 Z8E>2>3 C?>HY020Z0 C >4@5R5=>< 2@5<5=A:>< ?5@8>4C, 70EB520 <=>3> CG8B5YA:8E 8 <5=0_5@A:8E 25HB8=0. >4CG020Z5 8 8=B5@0:F8X5 B@510;> 18 40 >1571545 CA?5H=0 8A:CAB20 CG5Z0 70 A20:>3 CG5=8:0. =>38 <0B5@8X0;8 C A518 =5 A04@65 =03>25HB0X5 70 C?>B@51C 5:A?;8F8B=8E ?@>F54C@0 ?>CG020Z0, B0:> 40 CG8B5Y8 <>@0XC 040?B8@0B8 <0B5@8X0; 40 18 C:YCG8;8 >25 ?@>F54C@5. #G8B5Y8 <>3C C:YCG8B8 5:A?;8F8B=5 :>@0:5 ?>CG020Z0 C ;5:F8X5 :>X5 ?@540XC BX. #G5=8F8<0 :>X8 8<0XC B5H:>[5 C ?@0[5ZC C?CBAB020 G5AB> ?><065 0:> >4 Z8E B@068<> 40 ?>=>25 C?CBAB20 A>?AB25=8< @5G8<0. #G5=8: <>65 ?>=>28B8 C?CBAB20 4@C3C 87 :;C?5 0:> X5 =0AB02=8: 70C75B. !;545[5 AC35AB8X5 <>3C ?><>[8 CG5=8:C 40 AE20B8 C?CBAB20: 0 0:> A5 C?CBAB2> A0AB>X8 87 =5:>;8:> :>@0:0, @0AB028B5 C?CBAB2> =0 <0Z5 45;>25; 1 C?@>AB8B5 C?CBAB20 40XC[8 X540= ?> X540= 45> 8 ?8HC[8 A20:8 45> =0 B01;8 C?>@54> A0 873>20@0Z5< =0 3;0A; 2 :040 :>@8AB8B5 ?8A0=0 C?CBAB20, C25@8B5 A5 40 CG5=8F8 <>3C 40 ?@>G8B0XC 8 @07C<5XC @5G8 :0> 8 40 @07C<5XC A<8A0> @5G5=8F0. =>38 CG5=8F8 A0 ?@>1;5<8<0 C CG5ZC 8<0XC ?>B@51C 70 AB@C:BC@>< 4=528E @CB8=0 40 18 7=0;8 HB0 B@510 40 C@045 8 40 18 C@048;8 >=> HB> A5 >4 Z8E >G5:CX5. 0AB02=8: <>65 40B8 :>?8XC 15;560:0 CG5=8F8<0 :>X8 8<0XC B5H:>[5 C E20B0ZC 15;560:0 B>:>< ?@54020Z0. ;02=5 F@B5, =0F@B, 48X03@0< 8;8 ?@07=C <@56C <>65B5 40B8 CG5=8:C 40 ?>?CZ020 B>:>< ?@54020Z0. "> ?><065 CG5=8:C 40 CA<5@8 ?06ZC =0 A;CH0Z5 :YCG=8E 8=D>@<0F8X0 8 C2848 >4=>A5 <5RC :>=F5?B8<0 8 8=D>@<0F8X0<0 :>X5 AC A0 Z8<0 ?>2570=5. >20 8;8 :>20=0 8=D>@<0F8X0 <>65 A5 ?@54AB028B8 C 284C <0;8E A5:25=F8>=0;=8E :>@0:0. "> ?><065 CG5=8F8<0 A0 >3@0=8G5=8< ?@547=0Z5< :>X8 B@510XC 5:A?;8F8B=> ?>4CG020Z5 8;8 ?>4CG020Z5 45>-4>-F5;8=5. 5@10;=0 8=D>@<0F8X0 <>65 A5 8 287C5;=> ?@54AB028B8 =?@. @5 ?@54020Z0 =0AB02=8: <>65 =0?8A0B8 =>25 @5G8 8;8 :YCG=5 AB20@8 =0 B01;8. "@510 A5 ?>B@C48B8 40 A5 =0?@028 10;0=A 87<5RC CA<5=>3 ?@54020Z0 A0 287C5;=8< 8=D>@<0F8X0<0 8 0:B82=>AB8 C :>X8<0 CG5AB2CXC CG5=8F8. "0:>R5 B@510 =0[8 @02=>B56C 87<5RC @040 C 25;8:>X 3@C?8, @040 C <0;8< 3@C?0<0 8 8=48284C0;=8E 0:B82=>AB8. =5<>=8G:0 A@54AB20 <>3C A5 :>@8AB8B8 40 18 A5 ?><>3;> CG5=8F8<0 40 70?0@<0F8X5 =?@. !20:>4=52=0 @52878X0 ?@5BE>4=> =0CG5=>3 8;8 ?@5BE>4=8E ;5:F8X0 <>65 ?><>[8 CG5=8F8<0 40 ?>256C =>25 8=D>@<0F8X5 A0 ?@5BE>4=8< 7=0Z5<. @8;03>R020Z5 CG5=8:>28< A?>A>1=>AB8<0#G5=F8 A5 7=0B=> @07;8:CXC ?> A2>X8< A?>A>1=>AB88<0 C @07;8G8B8< 284>28<0 ?>:07820Z0 7=0Z0. A8< B>30, CG5=8F8 A5 @07;8:CXC ?> A2>X>X A?>A>1=>AB8 40 >1@0RCXC 8=D>@<0F8X5 ?@54AB02Y5=5 C 287C5;=>< 8;8 0C48B82=>< >1;8:C. #G5=8F8<0 :>X8 8<0XC B5H:>[5 A0 D8=8< <>B>@=8< >43>2>@8<0 :0> HB> X5 @C:>?8A , 284 >43>20@0Z0 <>65 18B8 ?@><5Z5= C ?>42;0G5Z5, 18@0Z5 87<5RC 28H5AB@C:8E ?>=CR5=8E >43>2>@0, @072@AB020Z5 8;8 >15;56020Z5. #G5=8F8<0 :>X8 8<0XC ?@>1;5< A0 D8=>< <>B>@8:>< <>65 A5 40B8 28H5 <5AB0 70 ?8A0Z5 >43>2>@0 =0 @04=8< ;8AB>28<0 8;8 8< A5 <>65 4>72>;8B8 40 >43>20@0XC =0 8=48284C0;=8< B01;0<0. 0F@B ?><065 =5:8< CG5=8F8<0 40 CA?5H=> ?@0B5 ;5:F8XC 8 ?@025 4>1@5 15;5H:5. A8< B>30 3;02=5 F@B5 ?><06C CG5=8F8<0 40 2845 >@30=870F8XC <0B5@8X0;0 8 ?>AB02Y0XC ?8B0Z0 =0 2@5<5. @0D8G:8 >@30=870B>@8 ?>4@07C<520XC >@30=87>20Z5 <0B5@8X0;0 C 287C5;=8 D>@<0B. #G5=8:5 A0 ?@>1;5<8<0 ?06Z5 <>65B5 AB028B8 40 A545 1;87C =0AB02=8:0, B01;5 8;8 C @04=8 45> :>X8 X5 C40Y5= >4 ><5B0XC[8E 72C:>20, <0B5@8X0;0 8;8 ?@54<5B0. #G5=8F8 <>3C :>@8AB8B8 :0;5=40@5 40 15;565 :040 B@510 40 ?@540XC @04>25, =02>45 0:B82=>AB8 2570=5 70 H:>;C, 15;565 40BC<5 :>=B@>;=8E 8 ?8A<5=8E 7040B0:0 8 ?@025 @0A?>@54 H:>;A:>3 @040. #G5=8: <>65 A0 AB@0=5 C A25AF8 704C65Z0 =0?@028B8 ?>A510= 45> 8;8 :0;5=40@ 70 15;565Z5 4><0[8E 7040B0:0. !25A:0 C ;8=8X5 <>65 A5 >:@5=CB8 25B8:0;=> 40 18 A5 ?><>3;> CG5=8F8<0 40 ?8HC 1@>X525 C >43>20@0XC[8< :>;>=0<0 :04 @045 87@0GC=020Z0 7040B0:0 87 <0B5<0B8:5. 25748F5 8;8 B0G:5 <>3C >15;568B8 ?8B0Z0 8;8 0:B82=>AB8 :>X0 =>A5 25[C B568=C ?@8 >F5Z820ZC. "> ?><065 CG5=8F8<0 40 ?@028;=> @0A?>@545 2@5<5 B>:>< B5AB0 8;8 702@H020Z0 @04>20. #G8B5Y <>65 =0?@028B8 =0AB02=5 ;8AB8[5 A0 7040F8<0 ?>@5R0=8< >4 =0X;0:H53 4> =0XB5653. >G5B=8 CA?5E ?><065 CG5=8:C 40 ?>G=5 40 @048. #G5=8:C A5 <>3C 40B8 :>;>=5 A0 A;>28<0 8 1@>X528<0 40 8< ?><>3=C C ?@028;=>< ?8A0ZC. >72>;8B5 C?>B@51C ?><>[=8E A@54AB020. (B0?8[8, 65B>=8, 8 4838B@>=8 ?><06C CG5=8:C C @0GC=0ZC >=40 :040 AC 25[ @07C<5;8 <0B5<0B8G:5 >?5@0F8X5. @8<5@8 C@0R5=8E @04>20 8;8 7040B0:0 <>3C A5 40B8 CG5=8:C 40 18 8A?C=8> >G5:820Z0 8 ?;0= C A:;04C A0 Z8<0. #G8B5Y <>65 ?@028B8 ?0@>25 CG5=8:0 @07;8G8B8E A?>A>1=>AB8 40 @52848@0XC A2>X5 15;5H:5, CG5 70 B5AB, G8B0XC =03;0A X54=> 4@C3><, ?8HC ?@8G5 8;8 872>45 ;01>@0B>@8XA:5 5:A?5@8<5=B5. "0:>R5, ?0@B=5@ <>65 G8B0B8 7040B:5 87 <0B5<0B8:5 CG5=8:C A0 ?@>1;5<8<0 C G8B0ZC 40 18 8E >= 70B8< @5H8>. #G5=8: <>65 :>@8AB8B8 8=483> ?@8 E20B0ZC 15;560:0 :>X5 [5 70B8< 4020B8 >4ACB=8< CG5=8F8<0 8;8 CG5=8F8<0 A0 ?@>1;5<8<0 C CG5ZC. "> ?><065 CG5=8F8<0 :>X8 8<0XC B5H:>[5 C E20B0ZC 15;560:0 40 A5 :>=F5=B@8HC =0 ?@54020Z5. #G5=8F8 :>X8 @045 ?>;0:> <>3C 4>18B8 4>40B=> 2@5<5 40 C@045 ?8A<5=5 7040B:5. #G5=8F8<0 X5 ?>B@51=0 @07;8G8B0 :>;8G8=0 25615 40 18 >2;040;8 >4@5R5=>< 25HB8=>< 8;8 A04@60X5<. =>38 CG5=8F8 A0 ?@>1;5<8<0 C CG5ZC 8<0XC ?>B@51C 70 4>40B=>< 2561>< 40 18 4>1@> A02;040;8 3@0482>. #G5=8F8<0 A5 <>65 4>72>;8B8 40 702@H5 =5:8 ?@>X5:0B C<5AB> CA<5=>3 >43>20@0Z0 8 >1@=CB>. "0:>R5, B5AB <>65 18B8 40B C CA<5=>< 8;8 ?8A<5=>< >1;8:C. VIII "' "!" #' !" ! " 45B5 <>640 8<0 ?>B5H:>[5 C CG5ZC. #:>;8:> 45B5 8<0 =5:8 >4 >28E A8<0, B@510;> 18 30 C?CB8B8 =0 40YC 520;C0F8XC :>4 AB@CGZ0:0. !20:0 >4 >28E A<5BZ8 <>65 A5 X028B8 87>;>20=>, 8;8, HB> X5 G5H[5, C :><18=0F8X8. =48284C0;87>20= ?@>3@0< B@5B<0=0 8 0:><>40F8X0 B@510;> 18 40 C7<5 C >178@ A25 >1;0AB8 C :>X8<0 ?>AB>X5 A<5BZ5. #G5=8: 8<0 ?@>1;5<5 C A;545[8< >1;0AB8<0:'8B0Z5 =03;0A >HB>20Z5 @>:>20 07C<520Z5 ?@>G8B0=>3 4@6020Z5 AB20@8 C@54=8< 0<[5Z5 >=>3 HB> X5 ?@>G8B0=> A5[0X 70 ?@020F!?5;>20Z5 0<[5Z5 @54>A;540 071C:0, <5A5F8 C 3>48=8.. 20 ;8AB0 ?@>25@5 [5 20< ?><>[8 40 40B5 ?>4@H:C CG5=8F8<0 A0 A<5BZ0<0 C CG5ZC 8 A% C @54>2=>X CG8>=8F8. #25: >15715RCX5< 3@0D8G:5 >@30=870B>@5, ?8A0=5 8;8 3@0D8G:5 8=AB@C:F8X5 B0:>R5. 0X54=8G:8 @04 C 3@C?8 ?><065 CG5=8F8<0 :>X8 70>AB0XC 40 @07X0A=5 AB20@8 :>X5 AC ?>3@5H=> @07C<5;8. :> AB5 =0 25[8=C >28E ?8B0Z0 >43>2>@8;8 A0 40, =0 ?@02>< AB5 ?CBC 40 870R5B5 C ACA@5B ?>B@510<0 CG5=8:0 A0 A% 8 A<5BZ0<0 C CG5ZC. 0AB028B5 A0 >4;8G=8< @04>VIDEO Uljepšavanje ovih ljetnih dana. --> POŠALJI : FACEBOOK Irena na sms broj 880000 |Slike golih zena u svim pozama |Instaliraj viber na android ]Post je objavljen 26.12.2018. u 20:44 sati.
