Głos Polic

Transkrypt

Głos Polic
jjj!Zf%'!c_
Cb_\VX
WbWTgX^:bfhFmVmXV\Śf^\XZb
C\ĻgX^%*fglVma\T%#$*
8ZmX`c_TemUXmcTgal
MTZeTTbe^\XfgeT
JfglVma\hcbeTm%(!mTZeTTJ\X_^TBe^\XfgeT
Ģj\ĻgXVmaX]Cb`bVl6MLG4=FGE!()\*
9BG!4>G4F÷7BJ8
9BG!@4E8>=4FM6MLĖF><
CTegaXemljlWTa\T
MTU\mmTmWebŧV\Vml_\
mWeTWmT`l^h_\fl
mTU‰]fgjT^g‰eX
jfgemĻfaňbCb_\VT`\
6MLG4=FGE!$(
J\ňVX]iFGE!'
jMT^bŚVmlf\ňceb]X^gcb_f^b _\gXjf^\X]jl`\Tal`bWm\Xżlj^g‰el`hVmXfga\Vml_\`bWm\_hWm\Xm@BJ
jGemXU\XżlFBFJjCb_\VTV[\:\`aTm]h`jGemXU\Xżl!?\gXjf^ĻZehcňgjbeml_\hVma\bj\XmXFm^blFmgh^
C\ň^alV[mFb_XVma\^^bbJ\_aT!CemXmglWm\XŚ`bWm\hVmXfga\Vml_\je‰żabebWalV[jTefmgTgTV[TeglfglVmalV[
mT^bŚVmbalV[c\ň^al`^baVXegX`mTglghbjTal`ÂATWm\X]ThVmlVmX^Tľµ
9BG!C<BGE>E4J6ML>
GbUl^baVXegcXXaaTWm\X\
#%""
#%""glZbWa\^
7EH:4FGEBA4
BWeXWT^gbeT
@TeX^
=TfmVmlŚf^\
CTegaXemljlWTa\T
$
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
cebVXagcbWTg^h`bżX`lcbWTebjTľ$'beZTa\mTV]b`cbżlg^hchU_\VmaXZbcbf\TWT]ĻVl`f\XWm\UňaTgXeXa\Xcbj\Tgh
cb_\V^\XZb!=T^Vbeb^hfgTebfgjbcbj\TgbjXmTV[ňVTf^TWT]ĻVlV[C<GWbcemX^TmTa\T$cebVXagTcbWTg^haTjlUeTaĻBCC!
JTegbWbWTľżXjmXmaTa\hcbWTg^bjl`a\XgemXUTjc\fljTľaTmjlbeZTa\mTV]\^g‰eX]V[VX`lbWWTľfj‰]$cebVXag!
AT_Xżlgl_^bjc\fTľj^ba^eXgaX]ehUelVXah`Xe>EFbeTm^jbgň]T^ĻcemX^Tmh]X`l!JlcXa\T]ĻVC<G &*UňWm\Xgbcb_X
ah`Xe$%'\$%(!=Xŧ_\V[VX`lcemX^TmTľaTfm$cebVXagaT^ba^eXgaXZbcbWbc\XVmaXZbaT_XżljlcXa\ľgT^żXcb_T$%) $%+!
J\X_^\XcT_Xa\X
FglVmXŚ VmTf
fcbg^TŚ
>b_X]aTYT]aTT^V]T
W_TjXgXeTa‰j
A\XUTjX`ebmcbVma\Xf\ň<<
J\X_^TabVaTCTVm^TW_T
5bT[TgXeT!GbT^V]Tm`lŧ_Ļ
b^b`UTgTagTV[jVmTf\X
^g‰eX]bWUňWm\Xf\ňmU\‰e^T
gejTX]żljabŧV\
\cebWh^g‰jV[X`\\
Wb`bjX]!FmVmXZ‰_l
WbglVmĻVXmU\‰e^\WbfgňcaX
fĻah`XeX`gX_XYbah(#+
$+%$+(beTmcemXmcbVmgň
X_X^geba\VmaĻ-
gb`X^!fTj3\agXe\T!c_
9BG!J<8F4J:4J8
J
9BG!4E6;<JH@
J
eōVXaTfmlV[VmlgX_
a\^‰jbWWT]X`l^b
_X]aXjlWTa\XÇ:b
fhCb_\Vº!FglVmXşceTj\Xf\ō
^bşVmlbUY\gbjTje‰ƁaXZb
ebWmT]hfcbg^Ta\T!BWUlf\ō
BefmT^GemXV[>e‰_\^jXfgb
jT_\Ŭ`ljJ\X_^\X]Be^\X
fgemXħj\ŀgXVma\X]Cb`bVl!
7m\Xaa\^TemXÇ:bfhºUl_\
cemlgl`!GT^\Xfcbg^Ta\Tŀ
Vmŀ_hWm\mU_\ƁT]ŀcb`TZT]ŀ
mTcb`a\XŃbjTŬa\TV[\ceml
^elV[flghTV]TV[!GbV\Xfml
UbWm\Ŭj\ōVX]flfmlf\ō
bgl`VbWm\X_\Ta\XVbŀVml!
ļlVmōƁXUlVTlaTWV[bWmŀVl
eb^hclaŀaTcb^TmljTa\h
gXZbƁX]XfgXŬ`l]XWabŬV\ŀ!
gl`jlWTa\hmaT]Wm\X
V\XCTşfgjbgT^ƁXTegl
^hlbjlWTemXa\TV[gebV[ō
[\fgbe\\\`bgbelmTV]\!7_T
glV[^g‰eml_hU\ŀ`bVaXjeT
ƁXa\Tcb_XVT`^eba\^ō^el`\
aT_aŀm`ebVmaŀbcbj\XŬV\ŀ!
MTceTfmT`Wb_X^ghelÇ:bfh
Cb_\Vº!ip
jGb]hżcb_\V^TgeTWlV]T!CbeTm‰f`lbWUlbf\ňcT_Xa\XV[b\aX^cbW[TfX`ÂMTU\Xemfjb]ĻfgTeĻµ!
Gl`eTmX`aTfgbf\XfcbaňbcbaTW%##fmgh^WemXjX^Whżbj\ňVX]a\żeb^VmlWjT_TgTgX`h!
Cemlb^Tm]\fcbg^Ta\TbWUllf\ňI@\fgembfgjTCb_f^\jEmhV\X6[b\a^ĻaTBW_XZbŧľ!MjlV\ňmVĻ
j^TgXZbe\\]ha\be‰jmbfgTC\bgeAbjT^Tjŧe‰WWbebflV[hVmXfga\^‰jh^Tfm=Tf\Śf^\
>bcbgmgTU_\Vm^T`\!>gbŧmbŧ_\j\X]Xhfm^bWm\
>T_XaWTe\h`%*fglVma\T
<`\Xa\albUV[bWmĻ
g4WT_ehaT4_ehaT6[elmbfgb`
7TV]hfm7Tglj8_j\eT;Xael^=Ta
=Xeml=h_\Ta?XTaWXe?bgTeATgT_\f
A\ab`lfCemX`lfTjCemlUlfTj
CemlUleTWEbmT_\TGXbWbel^
\J\gT_\Ta!
$*,&
g <<ebmU\‰eCb_f^\-j >TeZbjX]
aTm\X`\_hUhf^\X]cb_f^T^b`cTa\T
c\XV[bglbUfTWm\TeTghfm\bgjbeml
TbZ\XŚWbj^eTVmT]ĻVXZbWb`\TfgT
UTgT_\bahcehf^\XZbcemXV\jfgTj\T
]ĻVf\ňmT]`bjTa\hcemXmCehfT^‰j
m\X`cb_f^\V[!
g$,'(
4e`\T6mXejbaTjlmjb_\Ta\X`\X
V^\aTm\fgbjf^\bU‰m^baVXageTVl]al
\mTZTWl4hfV[j\gm 5\e^XaTh!
47E8FE874>6=<
*$ +*(FmVmXV\ah_!AbjlElaX^&
jjj!Zf%'!c_
eXWT^V]T!Zf%'3cb_f^TceXff!c_
EX^beWm\fgT
mT^‰^\X`
CbmUTWTa\hgemXŻjbŧV\%)
_Xga\XZb^\XebjVlb^TmTb
f\ňżX`TbacbaTWVmgXel
ceb`\_XT_^b[b_h
jbeZTa\m`\X!CbceTj\X&#
ZbWm\aTV[gemXŻj\Xa\T
`ňżVmlmaTjgelU\X
cemlfc\Xfmbal`mbfgT
cbfgTj\balcemXWbU_\VmX
fĻWh!Cb_\VmTa\ahmaTal
mTj\aaXZbhflfmT^Teň
c\ňV\h_TgmT^Tmh
cebjTWmXa\TjfmX_^\V[
cb]TmW‰j!
E874>GBEA46M8?AL
:BFH7M<8AA<>CB@BEM4
>emlfmgbYATňVmgX_!(,+'+ +$ ##
^emlfmgbY!aT_XVm3cb_f^TceXff!c_
9BG!@4E8>=4FM6MLĖF><
V\T>bafgTagXZb<jTabj\VmT
BfgebZf^\XZbbWa\bflj\X_^\Xmjl
V\ňfgjbjU\gj\XcbWB_fmTa\VĻmT
U\]T]ĻV'#glf!GTgTe‰j\hjT_a\T]ĻV
+#glf!jm\ňglV[j]Tfle!
9BG!4E6;<JH@
M^Teg[\fgbe\\
$(%*
gJb]f^T_\gXjf^\XcbWjbWmĻ^f\ň
jA\Xjfmlfg^\XgTU_\Vm^\cemlfgTa^bjXjCb_\VTV[fĻVmlgX_aXTgl`fT`l`gehWabbWVlYebjTľ
VmTfbW]TmWhThgbUhfh!FceTjňcemX^TmT_\ŧ`lWbMTemĻWh7e‰Z\GeTafcbegh@\X]f^\XZb
FM89B77M<4HFM6M86<A
5<HEBB:BFM8Ė
LabaT;hfT\` FbUXV^T
FmVmXV\a
gX_!,$'+$&&$$
h_!AbjlElaX^&
labaT!fbUXV^T3cb_f^TceXff!c_
gX_!,$'+$&&,%
eX^_T`T!Zf%'3cb_f^TceXff!c_
E874>GBEB7CBJ<87M<4?AL
<7M<8AA<>4EM
CE8AH@8E4G4
@TeX^=TfmVmlŚf^\
cbĻVmXa\XUXmcTgaX-+##%#&(&(
gX_!,$'+$&&()
`TeX^!]TfmVmlaf^\3cb_f^TceXff!c_
gX_!,'&'* &( &*
7EH>Cb_f^TCeXffFc!mb!b!
h_!Fbj\TŚf^T&T>bfmT_\a
JL74J64Cb_f^TCeXffFc!mb!b!
B!>bfmT_\a*( ##'>bfmT_\a
h_!@\V^\Xj\VmT%'jjj!Z^%'!c_
CE8M8FB77M<4H
C\bge:eTUbjf^\
CEB=8>G:E49<6MAL
Gb`Tfm5bV[XŚf^\
p h`\XfmVmXa\XgT^\V[Wj‰V[maT^‰jceml4egl
^h_XjfmVmXZ‰_abŧV\ceml4^ghT_al`4egl^h_XbmaT
VmT`bż_\jbŧľ]XZbWT_fmXZbebmcbjfmXV[a\Ta\Tgl_^b
\jlĻVma\Xcbh\fmVmXa\hbcTglmZbWa\XmVXaa\^\X`
mT`\XfmVmbal`aTfgebaTV[jjj!Z^%'!c_"geXfV\
jjj!Zc%'!c_"geXfV\jjj!Zf%'!c_"geXfV\\jmZbWm\X
mcbfgTabj\Xa\T`\a\a\X]fmXZbeXZh_T`\ah!
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
CTegaXemljlWTa\T
CB?<68 CEB@B6=4
CEB@B6=4
fgebaT""#&
glZbWa\^""#&
#'""fgebaT
#'""glZbWa\^
Cb_\VX
@TeX^=TfmVmlŚf^\
`TeX^!]TfmVmlaf^\3cb_f^TceXff!c_
Jceb]X^V\XhVmXfga\VmlT`b
Wm\XƁm @bWm\XƁbjXZbBŬebW
^TJlV[bjTjVmXZbjGemX
U\XƁl FcXV]T_aXZb BŬebW^T
Fm^b_ab JlV[bjTjVmXZb
j Cb_\VTV[ \ :\`aTm]h`
jGemXU\XƁl!?\gXjf^ŀZehcō
gjbeml_\`bWm\_hWm\XmXFm^b
lFmgh^C\ō^alV[mFb_XVma\^
^bbJ\aT!
CemXm glWm\Xş `bWm\XƁ
hVmXfga\VmlTje‰ƁabebWalV[
jTefmgTgTV[TeglfglVmalV[mT
^bşVmbalV[c\ō^al`^baVXe
gX`mTglghbjTal`ÇATWm\X
]ThVmlVmX^TŃº!
@bWm\_hWm\XmTceXmXagb
jT_\cbch_TeaXT_X\`TbmaT
aX^b_ōWle‰ja\XƁcbjfgTX
cbWVmTfjTefmgTg‰jYbgbZeTY\X
\ Y\_`l!FgTlf\ōbaX^Tajŀ
WbebmjTƁTşbfl`Ub_\VXch
fgXZb `\X]fVT ceml fgb_X jX
jfc‰VmXfalV[^bagX^fgTV[
\aYbe`h]X@TeV\a:hfml^
jlV[bjTjVTj@BJ! Jl
fgōc`bWm\XƁlmCb_f^\\?\gjl
mbfgTcebYXf]baT_a\XmTeX]X
fgebjTaljlUeTaXhgjbel]hƁ
j^e‰gVX WbfgōcaX UōWŀ
j\agXeaXV\X!
JL74EM8A<4
CTegaXemljlWTa\T
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
MTaT`\jTefmgTgl!@bWm\Xż
mCb_f^\\?\gjlaTfVXa\X
c_Ta\XgX_XWlf^h\jY\_`\X
gMT^bşVmlf\ōceb]X^g`\ōWmlaTebWbjX]jl`\Tal`bWm\XƁl!BgbeX_TV]T
a\Xjf^T FT_T`ba GTg\TaT
>h^\f4_X^fTaWeT9elfm^bjf^T
@\V[T:\XmT^@TeV\a:hfml^
EbUXeg?TaWbjf^\h^TfmAl^f
>baeTWCTV[V\TeX^!
Cb_f^b _\gXjf^\XjTefmgTglTe
glfglVmaX\jlfgōcjcb_\V^\`
@B> hUllVmōŬV\ŀceb]X^gh
4^TWX`\\@bWm\XƁljfcTegXZb
cemXmcebZeT`8eTf`hf!
6bgbmTcebZeT`2
JlebfTfcbeT\`ceXmT
9BG!C<BGE>E4J6ML>
9BG!C<BGE>E4J6ML>
9BG!C<BGE>E4J6ML>
ÇATWm\X]ThVmlVmX^TŃºgb^ba
VXegUōWŀVl^baglahTV]ŀVb
ebVmaXZbÇJfc‰_aXZb^b_ōWb
jTa\Tº bWUljT]ŀVXZb f\ō
jGemXU\XƁl!CbVmŀg^bjb]XZb
VX_X`Ulb\afc\ebjTa\XcbWb
c\XVmalV[ @bWm\XƁbjXZb
BŬebW^T JlV[bjTjVmXZb
Wbc\X_ōZabjTa\TgeTWlV]\^b
_ōWbjTa\T!B^TmTbf\ōƁX\a\
V]TgljTgTfcbgl^TTf\ōmmT\a
gXeXfbjTa\X`UTeWmbj\X_h
jlV[bjTa^‰jbŬebW^T!>TƁ
WXZbeb^h^baVXegmlf^\jTVb
eTm c\ō^a\X]fmŀ Ybe`ō! jCb_f^b _\gXjf^\XjTefmgTglTeglfglVmaX\jlfgňcj cb_\V^\`@B> hUllVmňŧV\Ļceb]X^gh4^TWX`\\@bWm\XżljfcTegXZbcemXm8eTf`hf
7bÇJfc‰_aXZb^b_ōWbjTa\Tº
mTceTfmTaXUlle‰ƁabebWaX
Zehcl`!\a!FghW\bJb^T_aX
@B>Cb_\VX6[‰e>T`XeT_al
Cb_\V^\XZbHa\jXeflgXghGemX
V\XZbJ\X^h`bWm\XƁbjXcb
_ba\]aXZehclTeglfglVmaXmJ\
_XşfmVmlmal!
JgXafcbf‰UÇJfc‰_aX^b
_ōWbjTa\XºcemXebWm\bf\ōmX
f^eb`aX]\a\V]TgljljlV[b
jTjVmX]jVl^_\Vmaŀ_b^T_aŀ
\`ceXmōV\XfmŀVŀf\ōWhƁl`mT
\agXeXfbjTa\X``\Xfm^TşV‰j!
J\X_Xbf‰UWm\j\f\ōƁXcb
Wbc\XVma\c_TV‰j^\eXfbV]T_\
mTVl]aX]V[ōga\XZeT]ŀ\Ŭc\XjT
]ŀ^b_ōWl!JlWT]Xf\ōƁX\V[mT
\agXeXfbjTa\T TeglfglVmaX
mj\ŀmTaXfŀmeTcX`VmlgXƁ
fmXemX] m^h_gheŀ[\c [bch! jCbWVmTf^baVXeghaTZeljTaXUlle‰ja\XżYeTZ`Xagl
jHVmXfga\Vljl`\TalcemlZbgbjT_\f\ňWbgXZbjlWTemXa\T
Gl`VmTfX`^b_ōWbjTa\XmT
gX_XWlf^hWb]XWaXZbmhgjbe‰j
cbcemXmeXZh_TeaXce‰Ul\jTefmgTglcebjTWmbaXj\V[c_TV‰j^TV[
j\XeTjfbU\XgbVmXZbjZō
ATfVXa\Xjlfgŀc\_\-MXfc‰
U\WhfmlUTeWmbceTZaŀ`bWm\! ƁXa\Tf\ōWbgT]X`a\Vl5bƁXZb _XWlf^hWb]XWaXZbmhgjbe‰j
beTm mTceXmXagbjTaX Y\_`l `hmlVmalFm^blFmgh^C\ō^
GT^ƁXT`bƁXfmVmXZ‰_a\XV\ ATebWmXa\T!
\YbgbZeTY\XcbjfgTXcbWVmTf alV[mFb_XVma\^aT?\gj\X
^g‰eml m e‰ƁalV[ cbjbW‰j
GXZbebVmaXÇJfc‰_aX^b
MTceXmXagbjT_\ hVmŀf\ō\`\Xfm^T]ŀjbŬebW^h _ōWbjTa\XºUlbfmVmXZ‰_al` cb_f^b _\gXjf^\V[jTefmgTg‰j! 4eg6eXjmXfc‰jlV[bjTa^‰j
HVmXfga\Vljl`\Talceml
@bWm\XƁbjXZbBŬebW^TJl
cbch_TeaX mWT_X^TbWebWm\aaXZbWb`h! jlWTemXa\X` WbWT]X
T_X\`TbmaTaX >b_ōWbjTa\Xgbjfcb`a\Xa\X :hfml^! CbfgTabj\_\Ŭ`laT ZbgbjljT_\f\ōWbgXZbjlWT V[bjTjVmXZbGemXU\XƁMXfc‰
UŀWƀceTZa\Xa\XebWm\aaXZb ZeTŃVTl^baVXeg\jlWTŃZb emXa\X]hƁbWjemXŬa\T%#$)e! `hmlVmalmFBFJae$jCb_\
^b_ňWlgT^żX V\XcTgbf\_aTcbgemXUTcbVmh jYbe`\XcT`\ŀg^bjlV[clgl `!\a!cbcemXmeXZh_TeaXce‰Ul VTV[ 6[‰e MXfcbh Fm^‰
YbgbZeTY\X\Y\_`l V\TUXmc\XVmXşfgjT\jfc‰_ab 7I7!CbWVmTf^baVXeghaTZeT \jTefmgTglcebjTWmbaXj\V[ jGemXU\XƁl!Bc\X^ōTeglfglVmaŀ
fceTjbjT_\-We[TU!<jbaTJ\Ŭ
c_TV‰j^TV[!
glgbjl]ŀg^bjlfcbf‰UmU_\
aXUlle‰ja\XƁYeTZ`XaglgX
8eTf`hfgbcebZeT`Ha\\8h
ebcX]f^\X]jWm\XWm\a\XXWh^T
V]\fm^b_Xş`bWm\XƁl\ fcbe
ghaT_TgT%#$' %#%#!=XZbVT
^bj\glUhWƁXgjlabf\$'*`_W
Xheb! 8eTf`hf bc\XeT f\ō
aTbf\ŀZa\ōV\TV[XhebcX]f^\V[
cebZeT`‰j XWh^TVl]alV[
^g‰eXYha^V]babjTlcemXm%(
_Tg\]Xfgjla\^\X`cbŀVmXa\T
aTfgōch]ŀVlV[XhebcX]f^\V[
\a\V]TgljeXT_\mbjTalV[cemXm
>b`\f]ō8hebcX]f^ŀj_TgTV[
%##* %#$&-cebZeT`hÇHVmXa\X
f\ōcemXmVTXƁlV\XºcebZeT`h
Ç@bWm\XƁ j Wm\TTa\hº
8eTf`hf@haWhfGX`chf4_
YT8Wh_\a^beTmcebZeT`‰j
jfc‰ceTVlm^eT]T`\hcemX
`lfbj\bal`\jWm\XWm\a\X
fm^b_a\VgjTjlƁfmXZb!
CebZeT` 8eTf`hf mbfgT
bceTVbjTalgT^TUljfc\XeTŃ
fgTeTa\T^eT]‰jhVmXfga\Vmŀ
VlV[ j cebZeT`\X aT emXVm
XYX^gljaXZbjl^bemlfgljT
a\TcbgXaV]Thh`\X]ōgabŬV\
_hWm^\V[\^Tc\gThfcbXVmaX
Zb8hebclcbgj\XeWmT]ŀV]XW
abVmXŬa\XmTfTWōhVmXa\Tf\ō
cemXmVTXƁlV\XcemXmcbj\ŀ
mTa\XjfcTeV\TaTemXVmhVmX
a\Tf\ōYbe`T_aXZbcbmTYbe
`T_aXZb \ a\XYbe`T_aXZb
j Wm\XWm\aTV[ ^fmgTVXa\T
fm^b_Xa\T \ fcbegh! CebZeT`
mj\ō^fmTe‰ja\XƁ`bƁ_\jbŬV\
mmT^eXfhjfc‰ceTVl\`bU\_
abŬV\WbglVmŀVX^eT]‰jcTeg
aXef^\V[cemXWXjfmlfg^\`
jWm\XWm\a\Xfm^b_a\VgjTjlƁ
fmXZb\`bWm\XƁl!
7bWT]`lƁXjgl`eb^hbW
UōWm\Xf\ō^\_^TaTŬV\XjlWT
emXşmj\ŀmTalV[mbUV[bWT`\
&# _XV\TcebZeT`h8eTf`hf!
Jgl``\Xf\ŀVhehfmle‰j
a\XƁ ceb]X^g 8eTf`hf 5hf
jeT`TV[^g‰eXZbX^fcXeV\AT
ebWbjX] 4ZXaV]\ CebZeT`h
8eTf`hfUōWŀcbWe‰ƁbjT_\
cbCb_fVX\aYbe`h]ŀVbbYXeV\X
bUX]`h]ŀVX]jfmlfg^\XfX^gbel
cebZeT`h8eTf`hf\cb^Tmh
]ŀVceml^TWlWbUelV[ceT^gl^
jeT`TV[ceb]X^gh!i
p
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
CTegaXemljlWTa\T
CEB@B6=4
CBJ<4GCB?<6>< CEB@B6=4
fgebaT""#(
glZbWa\^""#(
#)""fgebaT
#)""glZbWa\^
CTegaXemljlWTa\T
9BGBE8CBEG4ķ
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
9BG!@4E8>=4FM6MLĖF><
9BG!@4E8>=4FM6MLĖF><
9BG!@4E8>=4FM6MLĖF><
9BG!@4E8>=4FM6MLĖF><
GT^ZeTTbe^\XfgeTj\X_^\V[fXeV
Cb_\VX
FT`bemŀWbjVla\XfŀahWa\!
@bZ_\f\ōbgl`cemX^baTŃV\
^g‰eml cemlfm_\ Wb @B>!
Cb_\V^\Xi\clmTceXmXagbjTl
f\ōjfcX^gT^_hÇMXjATghelº!
4^gbeT`\ Ul_\- JTWlfTj
7\T^ha Uhe`\fgemCb_\V6XmT
el4eV\fmXjf^\ cemXjbWa\Vmŀ
VlETWlCbj\Tgh5XTgT6[`\X
_Xjf^T m MTemŀWh Cbj\Tgh
T gT^ƁX j\VXUhe`\fgembj\X
beTmeTWa\`\X]fVl!i
9BG!@4E8>=4FM6MLĖF><
=4FM
9BG!@4E8>=4FM6MLĖF><
MTaT`\%(!Y\aTJ\X_^\X]Be
^\XfgelĢj\ĻgXVmaX]Cb`bVl!
J @\X]f^\`BŧebW^h>h_gh
elWm\Tbf\ňfcbeb!A\Xgl_^b
aTfVXa\X!!!
CTegaXemljlWTa\T
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
JL74EM8A<4
fgebaT""#*
glZbWa\^""#*
6[TelgTglja\XaTcTe^\XV\X
gJelg`\X%(!9\aThJ\X_^\X]Be^\Xfgelħj\ŀgXVmaX]Cb`bVlZeT_\jCb_\VTV[b_WUb]X
ATfmcTgebaTg
MTcebfmXa\XWbZeljgXZbebVm
al`ghea\X]hceml]ōb$#mXfcb
‰j!5l_\-B_WUb]X6[X`\^TCb
_\VX B_WUb]X FgT_\ FgbVma\T
FmVmXV\aB_WUb]XCbZba\FmVmX
V\amXfc‰7e\a^GXT`G>>9
ÇGlgTaºCb_\VXFXej\fFc‰^T
mb!b!eXceXmXagTV]T:ehcl4mb
glMT^TWl6[X`\VmaXCb_\VX
F!4!WehƁlaTHemōWh@\X]f^\X
ZbjCb_\VTV[beTmmXfcblF<6
?4M4EBCb_f^T\9\e`THfhZb
jT:eXbeXk!ŀVma\XW_TBe^\X
fgelmTZeTb$%#mTjbWa\^‰j!
Ghea\X] jlZeTT WehƁlaT
9\e`lHfhZbjX]:eXbeXk^g‰
eTjY\aTbjl``XVmhcb^baT
TeXceXmXagTV]ōB_WUb]‰jFgT
_\FgbVma\TFmVmXV\a$-#!
7hƁT_\VmUThVmXfga\^‰j
ghea\X]hbeTm\V[fmVmbWebŬŃ
cbmjb_\lbeZTa\mTgbeb`mX
UeTŃjgl`eb^h,)+$%'m
\)&&#Xheb!MXUeTaT^jbgTmT
j\XeTTjcTglWehƁlahVmXfg
a\VmŀVlV[jghea\X]hjcTgl
9BG!4EGHEM4:ÍEF><
@TeX^=TfmVmlŚf^\
`TeX^!]TfmVmlaf^\3cb_f^TceXff!c_
j5eTjTW_ThVmXfga\^‰j\beZTa\mTgbe‰jKI<XWlV]\Be^\XfgebjXZbGhea\X]h;T_bjX]C\^\AbżaX]B_WUb]‰j!A\X`a\X]jTżaX
bWX`bV]\fcbegbjlV[UlbjfcTeV\XV[TelgTgljaXW_TJ\X_^\X]Be^\XfgelĢj\ĻgXVmaX]Cb`bVl
\aWlj\WhT_aX beTm jcTgl
mTh^V]\aT^g‰elV[m_\VlgbjT
abcbWTebjTaXemXVml`!\a!
mT(#XhebmbfgTmT^hc\bal
ha\Ybe` c\_bgT Ŭ`\ZbjVT!
AT]UTeWm\X]fmVmbWel`mTjbW
a\^\X`b^TmTf\ōcbeTm^b_X]
alFTjb`\e:b`‰^TceXmXf
9\e`lFTj_TaW^g‰elcemX^T
mTaT^bagbghea\X]h^jbgō
(##mbglV[!AT]UTeWm\X][b]aŀ
WehƁlaŀmbfgTTX^\cT7e\a^
GXT`^g‰eTcemX^TmTTbeZT
a\mTgbebj\$)+#mbglV[!
Ghea\X]j^g‰el`mmTb
ƁXa\TX_X`XagleljT_\mTV]\fŀ
`a\X]\fgbgaXTaTZebWl\cb
Wm\ō^bjTa\T]XWaT^bjXW_T
jfmlfg^\V[]Xfgghea\X]X`a\X
glcbjl`W_T_hWm\bW_Tgmj\ŀ
mTalV[meljT_\mTV]ŀ eX_TV]b
ah]X4egheMTZ‰ef^\WleX^gbe
:\`aTm]h` ae &! =XWaT^
cebŬUTcb`lfbWTjVl\Z‰j
aXZbbeZTa\mTgbeTbe^\Xfgeb
jXZbZeTa\T4egheTMTZ‰ef^\X
ZbbjmT]X`alfmTVhaX^fcbg
^TTf\ōmcXal`mebmh`\X
a\X`hVmXfga\^‰j!
GXZbebVmalghea\X]Ulb^T
m]ŀWbbUX]emXa\TZelj^g‰eX]
a\X UeT^bjTb fgb]ŀVlV[
aTaT]jlƁfml`cbm\b`\XmaT
^b`\glV[mTZeTşj\Wbj\f^b
jlV[UeT`X^\a\Xmjl^lV[
cTeTWUeT`^Teml!=XfggbmTfh
ZT jlfb^\V[ h`\X]ōgabŬV\
gXV[a\VmalV[ \ WhƁXZb Wb
Ŭj\TWVmXa\ThVmXfga\^‰jVb
a\XmTf^T^h]XmjTƁljfmlƁX
jghea\X]hhWm\Tjm\ōb^\_^h
UllV[mTjbWa\^‰j<\<<?\Z\!
Ghea\X]fjb\`jlfgōcX`
hŬj\Xga\fmVmXV\şf^\mXfc‰
5_bVbCb`XeTa\T!CXXacbml
gljaX]XaXeZ\\maT^b`\gljl
fgōcaT]_XcfmX]bWWj‰V[_Tg
jCb_fVXZehclZeT]ŀVX]fT`Uō
UlW_Tc\^TemlcbgemXUal`
`b`XagX`
jlgV[a\Xa\T
cbgehWTV[ghea\X]h!
@\l`T^VXagX`KI<Be
^\XfgebjXZb Ghea\X]h Ull
hYhaWbjTaX \ jl^baTaX
cemXm>emlfmgbYTFT_\geō\FT
jb`\eTFT_\geōcT`\ŀg^bjX
bcTf^\^g‰eXbgeml`T_\jfml
fVlhVmXfga\Vl!
7bgX]cbelaTGhea\X]TV[
Be^\XfgebjlV[
mXUeTab-
*#'+& mbgX \ *% ZebfmX
beTm$+(,*Xheb\c\Xa\ŀWmXUō
Wŀ aTWT_ mU\XeTaX! i
p
JVmTf\X`ebm‰jcbj\aa\ŧ`lcb`‰V GT^\XUll<<<BZ‰_abcb_f^\X
aT]UTeWm\X]cbgemXUh]ĻVl`
AbjbebVmaXM`TZTa\Tm^\_b`XgeT`\
Cb_\V]TaV\TcX_h]ŀb\aYbe`b
jTa\Xb^TƁWX]bfbU\X^g‰eT
`bZTUlUlŃaTeTƁbaTaTjl
m\ōU\Xa\X!
CT`\ōgT]`lƁX_hWm\XaT
_XƁŀVlWbZehclelml^Tcbmb
fgTj\Xa\fT`\fbU\X`bZŀa\X
`\XŃfmTaflcemXgejTa\Tm\`l
bfgemXZT]ŀ!
Cb_\V]TaV\cemXWXjfmlfg
^\` fceTjWmT]ŀ cemlfgTa^\
V\ŀZ\^TaT_\mTVl]aXbchfmVmb
aXUhWla^\bZe‰W^\Wm\T^bjX
cbW^ŀgX`cemXUljTa\TgT`
bf‰U fT`bgalV[ \ UXmWb`
alV[!6\^g‰emlcemXUljT]ŀ
jgT^\V[`\X]fVTV[fŀ\aYbe`b
jTa\b`bƁ_\jbŬV\TV[hmlf^T
a\Tcb`bVl!AT_XƁlcT`\ōgTŃ
ƁXb^eXfm\`bjl]Xfg]XWal`
m V\ōƁfmlV[ W_T bf‰U ^g‰eX
me‰ƁalV[cemlVmlaa\Xcbf\T
WT]ŀWTV[haTWZbjŀ!>_Tg^\
fV[bWbjXWb`^\_Xga\f^bjX
Vmlc\ja\VXa\XfŀbWcbj\XW
a\`\aTcemXVmX^Ta\Xm\`l!CT
jA\f^\XgX`cXeTghelfĻfmVmXZ‰_a\XhV\Ļż_\jXT`bZĻb^TmTľf\ň
ŧ`\XegX_aXW_Tbf‰U`\Xfm^T]ĻVlV[jgehWalV[jTeha^TV[
ATfmcTgebaTg
Jfh`\XcemXU\XZ_\$'&#^\
_b`Xge‰j!CbU\XZ_\żXUlcb
_\Vmlľf\ňm^\_b`XgeT`\!
Jm`TZTa\TV[hVmXfga\Vmlb
ceTj\X*#bf‰U
@TeX^=TfmVmlŚf^\
`TeX^!]TfmVmlaf^\3cb_f^TceXff!c_
4a\`e‰mTa\Ŭa\XZ\V[a\XbW
fgeTfml!CbWaTfml`cTgebaT
gX`bWUlTf\ōa\Xmjl^T\`
ceXmT U\XZbjT! MTfTWT ]Xfg
cebfgT-jfc‰_alfgTegT`XgT
]Xfg \aWlj\WhT_al` jlUb
eX`!
5\XZa\X`l \_X ^gb `T
bV[bgl-$%($#%$'%^\_b
`Xgel! Gb mT_XƁl \_X j gl`
Wa\hWTfmeTWl `‰j\Jb]
V\XV[ 5bUebjf^\ cb`lfb
WTjVTU\XZh!
ATfgTeV\XfgTaōbceTj\X*#
bf‰U!CemXU\XZlŀVma\X$'&#
^\_b`Xge‰jGbeX^beW\`ceX
ml!JhU\XZbebVmaX]hVmXfga\
VlaTfjb\`^baV\XmTabgbjT
_\$&##^\_b`Xge‰j!<`ceXmT
bWUljTTf\ōj$&`\X]fVTV[
jCb_fVX-JTefmTj\X:bembj\X
J\X_^bcb_f^\`CbmaTa\hb
Wm\ 6mōfgbV[bj\X MTUemh
:bWTc\:\ƁlV^hħj\abh]ŬV\h
b`Ɓl@\bfTj\hBfgebj\X
@Tmbj\XV^\`!ip
9BG!7H?AL9BGB
@TeX^=TfmVmlŚf^\
`TeX^!]TfmVmlaf^\3cb_f^TceXff!c_
Wb`aX`bZŀfcōWm\Ń`ebƀaŀ
abVjbŬebW^hW_TBf‰U5Xm
Wb`alV[ 9Xa\^f aT h_! 9T
UelVmaX] $% j Cb_\VTV[ _hU
MT`^a\ōgX](jFmVmXV\a\X!
FmVmXZ‰_aX]hjTZ\jl`TZT
]ŀbWaTfgT^ƁXbfbUlfgTefmX
\fT`bgaX UTeWmba\f^TgX`
cXeTgheT`bƁXb^TmTŃf\ōW_T
a\V[UTe\Xeŀa\XWbcb^baTa\T!
JTegbhcXja\Ńf\ōVmla\Xcb
gemXUh]ŀcb`bVljVbWm\Xa
alV[VmlaabŬV\TV[gT^\V[]T^
V[bV\TƁUlmT^hcl!BgehWaX]
flghTV]\fŀf\TWTVmlmaT]b`X
Zb`bƁX`le‰ja\XƁcbj\TWb
`\ŃbŬebWX^cb`bVlfcbXVm
aX]!ip
j:ehaggbWbUel[h`beTgXZb ]T^j\WTľ hVmXfga\^b`
m`TZTŚa\XUeT^bjTb
9BG!7H?AL9BGB
Cb_\V]TaV\eTmX`mXfgeTża\^T
`\beTmceTVbja\^\X`BŧebW
^TCb`bVlFcbXVmaX]^ba
geb_h]Ļ`\X]fVTj^g‰elV[
cemXUljT]ĻUXmWb`a\
`\ōgT]`lƁXfmVmXZ‰_aX]cb
`bVljl`TZT]ŀbfbUlUōWŀVX
cbWjcljX`T_^b[b_h Vmb
j\X^a\XgemXƀjlmWXVlWbjT
a\XfmlUV\X]geTV\V\Xcb!
GehWaXjTeha^\Tg`bfYX
elVmaXfŀa\XfgXglcemlVmlaŀ
jlV[bWmXşWb^g‰elV[Wb
V[bWm\^TƁWX]m\`l!CT`\ōgT]
`lƁXbUbj\ŀm^\X`^TƁWXZb
maTf]XfgeXTZbjTa\XaTVhWmŀ
^emljWō!A\XcbmbfgTjT]`l
bUb]ōga\jbUXVglV[^g‰eml
`bZŀcbgemXUbjTŃaTfmX]cb
`bVl `‰j\Tfc\eTag@TZb
emTgT?\g\jam>b`XaWlCbj\T
gbjX]Cb_\V]\jCb_\VTV[!Jcb
j\XV\X cb_\V^\` bfbUl UXm
9BG!>CCCB?<68
Cb_\VX
jHVmXfga\VlhfgTabj\_\abjleX^beWU\XZh!CemXU\XZ_\
jfc‰_a\X$'&#^\_b`Xge‰j
#+""fgebaT
#+""glZbWa\^
JL74EM8A<4
CTegaXemljlWTa\T
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
=Xfg^TfTaT^b`ha\^TV]ň
g7j\X\ajXfglV]X^b`ha\^TVl]aXjFmVmXV\şf^\`BUfmTemX@Xgebcb_\gT_al`mbfgTaŀjfcTegX
ha\]al`\WbgTV]T`\g:`\aTCb_\VXbgeml`TcbaTW&%`\_\baTmbglV[aTabjljōmXcemXf\TW^bjl
\WjbeVTThgbUhfbjXZbgbWT_
fmlXgTcWm\TTşaTemXVmFmVmX
V\şf^\XZbBUfmTeh@Xgebcb_\
@TeX^=TfmVmlŚf^\
gT_aXZb T^VXagbjTUhe`\fgem
`TeX^!]TfmVmlaf^\3cb_f^TceXff!c_ Cb_\VJTWlfTj7\T^ha!
MTWTa\Xjc\fh]Xf\ōjWm\T
5he`\fgem Cb_\V JTWlfTj Ta\T%!%ECBJM%#$' %#%#
ÇMe‰jabjTƁbaT`h_g\`bWT_aT
7\T^hacbWc\fTjeTmm@Te
`bU\_abŬŃ`\X]f^T\Wm\TTa\T
fmT^\X` Jb]Xj‰WmgjT MT
V [ b W a \ b c b ` b e f ^ \ X Z b TWTcgTVl]aXTZbWmŀVXm`\Tal
^_\`TghjeT`TV[FgeTgXZ\\M<G
B_Z\XeWX`:XU_Xj\VmX`h`b
jō aT WbY\aTafbjTa\X gXZb W_T FmVmXV\şf^\XZb BUfmTeh
@Xgebcb_\gT_aXZbº!ATeXT_\mT
ceb]X^gh!:`\aTCb_\VXbgeml
`TcbaTW&%`\_\baTmbglV[ V]ōFgeTgXZ\\cemXmaTVmbabcb
aTabjljōmXcemXf\TW^bjl aTW$#,`_aXheb!
>b_X]aXh`bjlmTaT`\
\cōg_ōThgbUhfbjŀ^g‰eXhfl
T aTfgōcaX cemXW aT`\!
ghbjTaXUōWŀcemlh_\VlJl
AT Wm\TTa\T a\f^bX`\fl]aX
fmlşf^\XZbaTbf\XW_hÇ6[X
\`bU\_aXmTc_TabjT_\Ŭ`ljeT
`\^ºjCb_\VTV[!<ajXfglV]TmT
`TV[M<GFB@cbaTW**`_a
^TWTUhWbjōcXeba‰jW_TTh
Xheb!ATgXeXaFB@ hgeTY\jgX]
gbUhf‰jcbfgb]‰jW_TgT^f‰
jX^Uhf‰j\ebjXe‰jjeTm cXefcX^glj\X (* abjbVmXf
m j\TgT`\ cemlfgTa^bjl`\ alV[ThgbUhf‰j!<V[mT^hcWb
Y\aTafh]XECBJM\CB\ħ cemX
beTmV\ŀZT`\c\Xfmb ebjXeb
jl`\!JōmX`TUlŃZbgbjl ^baljTWleX^gbeU\heTFmVmX
V\şf^\XZbBUfmTeh@Xgebcb_\
Wb&$ZehWa\T%#$*eb^h!
5_\f^bŬŃFmVmXV\aT\Cb_\V gT_aXZbEb`TaJT_Tfm^bjf^\!
J eT`TV[ ECB JM %#$'
fceTj\TƁXjfc‰_a\XW_TaT
%#%#cbWc\fTabWbgŀWcbaTW
fmlV[`\Xfm^TşV‰jeXT_\mh]X
`l ceb]X^gl! 5hWbjT cōg_\ %##h`‰j!MT^bageT^gbjTab
9BG!F854FG<A4JBBFM
Cb_\VX
jCbWc\fTa\Xh`bjlaTWbY\aTafbjTa\XUhWbjljňmT-B_Z\XeW:XU_Xj\Vm\JTWlfTj7\T^ha
ceTj\X%*+`_aXheb!FgTabj\
gbcbaTW$)(cebVXagVTbŬV\
T_b^TV]\YhaWhfml^g‰eTW_TCb
`bemTMTV[bWa\XZbjU\XƁŀVX]
cXefcX^glj\Xjlabf\$)`_W
Xheb!
A\X`T`aT]`a\X]fmlV[
jŀgc_\jbŬV\ ƁX `hf\`l mT
cXja\TŃVbeTmj\ō^fmŀ\XYX^
glja\X]fmŀ`bU\_abŬŃ`\Xfm
^TşVb`eXZ\bah!GeTafcbeg^b
bjlT_XgT^ƁXfmlabjl `T`
ghaT`lŬ_\FmVmXV\şf^ŀ>b_X]
@Xgebcb_\gT_aŀ gbce\belgXgl
W_TFB@ hjU\XƁŀVX]cXefcX^
glj\XY\aTafbjX] cbW^eXŬ_\
`TefmTX^
jb]Xj‰WmgjT
B_Z\XeW:XU_Xj\Vm!
7bWT]`l ƁX FmVmXV\şf^T
>b_X]@Xgebcb_\gTeaTUōWm\XZb
gbjTWb%#%$eb^h!>bfmgheh
V[b`\Xa\TF>@Vml_\`bWXe
a\mTV]T \aYeTfgeh^ghel jeTm
mmT^hcX`gTUbehgb^jbgT
bW(+#`_amWb*+#`_am!
FmVmXV\şf^T>b_X]@Xgebcb_\gT_
aT`\TTUlcbŀVmlŃFmVmXV\a
m Cb_\VT`\ ħj\abh]ŬV\X`
FgTeZTeWX`VmlgXƁ:elY\aX`!
ip
Cb`bż`lWm\XV\b`cb^baTľUTe\XeňmXfV[bW‰j
Cb`bV
Cb_\V^\bŧebWX^Wm\XV\a\XcX
abfceTjalV[ehV[bjbmU\XeT
aT^emXfX^b^g‰eXh`bż_\j\
cbWbc\XVmal`cbehfmTa\Xf\ň
cbfV[bWTV[
9BG!F854FG<4AJBBFM
Jcb_\V^\`bŬebW^hcemXUljT
]ŀWm\XV\\`bWm\XƁmVTX]Cb_
f^\!C_TV‰j^T]XfgcemlfgbfbjT
aTWbceml]`bjTa\TV[belV[
jj\X^hbW)Wb%'_Tg!7m\XV\
`bZŀghV[bWm\ŃWbfm^blcbW
fgTjbjX]Z\`aTm]h`_\VXh`
mTjbW‰j^\Vmlfm^blcb_\VX
T_aX]!CbWbc\XVma\^g‰emlgh
ceml]XƁWƁT]ŀfcōWmT]ŀgh^\_^T
_Tg!=T^bcbj\TWT]ŀjlV[bjTj
VlcbVmŀg^\UljT]ŀgehWaXT_X
cbglZbWa\hWm\XV\gT^f\ōmTT
^_\`Tglmh]ŀƁXa\XV[VŀfgŀW
jl]XƁWƁTŃ!
Ghf\ōebWmŀgT^\Xceml]Tƀ
a\X `‰j\7bebgT7bUehg^\X
ebja\^ZehcjlV[bjTjVmlV[!
7m\XV\Vmh]ŀf\ōghabe`T_a\X
a\^ga\XmjeTVThjTZ\aT\V[
a\XcXabfceTjabŬŃ!ħ`\X]ŀf\ō
jlZhc\T]ŀcemlgh_T]ŀjmT
]X`a\X`bgljh]ŀWbceTVl!@T
]ŀjfbU\XjfcTeV\X!MT`Tj\T
]ŀfbU\Xc\mmXV[\şVml^T!ļl]ŀ
gT^]T^\V[mWebj\e‰j\XŬa\Vl
jVT_Xa\XVmh]ŀf\ōZbef\!
9BG!F854FG<4AJBBFM
6X_\aTJb]WT
VX_\aT!jb]WT3cb_f^TceXff!c_
j4a\TmceTjX]cb`\`bgXZbżXV[beh]XaTmTa\^`\ňŧa\`Tf\ň
]XfmVmXV[bWm\ľfT`T!4_XfV[bW‰j]hża\X]XfgjfgTa\Xcb^baTľ
jFcXV]T_\fglVmaX^emXfX^bUlbUlmT`bagbjTaXcemlŧV\Ta\X!
HVma\bj\X`bZ_\UlfjbUbWa\XcbehfmTľf\ňcbfV[bWTV[
Fm^bTeX[TU\_\gTV]T
\cb`bV
;beabjf^T^\Xebja\^^b`
c_X^fhfcbegbjb eX[TU\_\gTVl]
aXZb! 4haTfgT^\XWm\XV\ZeT
]ŀjf\Tg^‰j^ōUTj\ŀf\ōceml
V[bWmŀaTeX[TU\_\gTV]ōUbj\
WmŀXYX^gl!
BŬebWX^]XfgcemlfgbfbjTal
WbgXZbTUlcebjTWm\Ńja\`
mT]ōV\T UhWla^\fm^b_aXT_X
gT^ƁXWb`\Xfm^Ta\T \agXeaT
gl!CbWbc\XVma\fcōWmT]ŀghVT
leb^fm^b_al\gT^cemXm^\_^T
_Tg!C_TV‰j^TWm\TTcemXmWjT
Wm\XŬV\TVmgXelZbWm\alaTWb
Uō f\XWX` Wa\ j glZbWa\h!
Bce‰VmVmōŬV\WlWT^glVmaX]]Xfg
gXƁ^b`c_X^ffcbegbjb eX[T
U\_\gTVl]al!
Jgl``\X]fVhWm\X]ŀ f\ō
ceTjWm\jXVhWT!CbWbc\XVma\
Vmh]ŀf\ōcbgemXUa\`T]ŀV[ōŃ
WbceTVlWbWm\TTa\Ta\XcbW
WT]ŀf\ōfjb\`V[bebUb`!
ATfmTcbWbc\XVmaT4a\T
V[beh]ŀVTaTmTa\^`\ōŬa\`T
jfbU\Xgl_Xjb_\jT_^\ `‰j\
7bebgT7bUehg! Ebm`Tj\TT
]hƁmV[bcT^\X`h^g‰eXZbmT
fgbfbjTab_XVmXa\X^b`‰e^T
`\ `TV\Xemlfgl`\! CTV]Xag
jfgTmj‰m^T!GbWTb]X]gT^\X
Zb^bcTWbWm\TTa\T!
Cb`bV ^g‰eŀ a\XcXabf
ceTja\bgeml`h]ŀgl`bŬebW
^h]XfgcemXbZeb`aT!JlV[b
WmŀmWXceXf]\cemXT`h]ŀjfb
U\X_ō^\fgTj\T]ŀfbU\XVX_X
V[VŀŃj\VmlŃ\ƁlŃ!
CebfmōfbU\XjlbUeTm\ŃVb
`bƁXVmhŃbfbUT^g‰eTmWa\T
aTWm\XşcemXfgT]XV[bWm\Ń `‰j\
7bebgT
6lWm\^
Cb^baljTa\XUTe\Xe
CbWbc\XVma\bŬebW^TjCb_\
VTV[VbWm\Xaa\X`hfmŀcb^b
aljTŃcemXfm^bWl]T^\XfgT
j\T]ŀ\`V[bebUl!A\X^g‰eXhWT
f\ōb`\aŀŃWm\ō^\Ńj\VmXa\b`
T_Xa\X^g‰elV[cbcebfghf\ōa\X
WT!GT^]XfgjcemlcTW^hV[b
WmXa\T cb fV[bWTV[! BfbUl
V[beh]ŀVX`!\a!aTmTa\^`\ōŬ
a\`\`bV[ōV\jT_^\a\X`bZŀ
cb^baTŃgX]UTe\XelfT`bWm\X_
a\X!A\XmUōWaT]Xfgcb`bVWeh
Z\X]bfbUlT_UbfcXV]T_\fglVmaX
ZbhemŀWmXa\T!<gT^\XZbhemŀ
WmXa\T cbgemXUh]ŀ jTŬa\X
jCb_\VTV[!
6[V\X_\UlŬ`l^hc\ŃfcX
V]T_aX ^emXfX^b fV[bWbjX
^g‰eXmbfgTbUlmT`bagbjTaX
aTfmlaTV[\h`bƁ_\j\cbehfmT
a\Xf\ōWm\XV\b`cbfV[bWTV[ `‰j\ 7bebgT 6lWm\^
;beabjf^T! 7m\f\T]Wm\XV\
^g‰eXa\X`T]ŀ]hƁ`bƁ_\jbŬV\
fT`bWm\X_a\XjX]ŬŃaTZ‰eōfŀ
TfX^hebjTaX cemXm jlV[b
jTjV‰j!4_Xgba\X]Xfgebmj\ŀ
mTa\XaTWhƁfmŀ`Xgō!
GT^\X^emXfX^b^bfmgh]X$%
glf\ōVl!JlV[bjTjVlebWm\VX
\hVma\bj\XBŬebW^TcbfgTab
j\_\ƁXmbeZTa\mh]ŀmU\‰e^ōc\X
a\ōWml\mT^hc\ŀfcXV]T_aX^emX
fX^bfV[bWbjXWm\ō^\^g‰eX
`h a\XcXabfceTja\ cbWb
c\XVma\^g‰emla\X`bZŀfT`b
Wm\X_a\XjX]ŬŃcbfV[bWTV[Uō
Wŀ `bZ_\ aTWT_ `\Xfm^TŃ
jfjb\V[cb^b]TV[aTZ‰emX!
=XWaT^WbgX]cbelhWTb\`f\ō
mXUeTŃcbbjōcbgemXUaX]^jb
gl!MTglWm\XşFgbjTemlfmXa\X
aTEmXVmBf‰UA\XcXabfceTj
alV[Ç4`\VhfºbeZTa\mh]XUT_
^TeaTjTbjl j ;bgX_h 7b
Ubfmm^g‰eXZbWbV[‰WmbfgT
a\XcemXmaTVmbalaTmT^hcgT
^\XZb^emXfX^T!
@T`lfcbebe‰ƁalV[UTe
WmbYT]alV[YTag‰j^g‰eXUō
Wm\X`bƁaTjl_\VlgbjTŃ_\Vml
`l aT cb`bV `‰j\ 4aaT
FXaWm\h^beZTa\mTgbe^T!
=XŬ_\f\ōhWTmXUeTŃc\Xa\ŀ
WmXc_TV‰j^TjCb_\VTV[Uō
Wm\X`bZT^hc\ŃfcXV]T_\fglVm
aX^emXfX^b!=T^mWeTWm\TaT`
WleX^gbe^TbŬebW^TjTWmXcb
j\TghmWX^_TebjTlf\ōWbmT
^hch\`bagTƁhj\aWlj]XW
al`mUhWla^‰jWm\ō^\gX`h
Wm\XV\UōWŀ`bZlcb^baljTŃ
^b_X]aX UTe\Xel! <aYbe`TV]X
bUT_hV[TelgTgljal``bƁaT
maT_XƀŃaT9TVXUbb^hjc\fh]ŀV
>TeaTjTbjl5T_6[TelgTglj
al_hUgX_XYbah]ŀVUXmbŬeXWa\b
WbBŬebW^TVmlFgbjTemlfmX
a\T!ip
CTegaXemljlWTa\T
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
9BGBE8CBEG4ķ
fgebaT""#,
glZbWa\^""#,
GemX]>e‰_bj\XWbf\XW_\
eh`T^‰j\cb]XV[T_\Wbeh\a
9BG!@4E8>=4FM6MLĖF><
9BG!@4E8>=4FM6MLĖF><
9BG!@4E8>=4FM6MLĖF><
^g‰eŀmjlVmT]bjbjŬj\ōgbGemXV[>e‰
_\aTWemj\TV[jX]ŬV\bjlV[jj\X_hWb
`TV[^Tgb_\V^\V[c\fTab_\gXel-6’@’5
_hU>@5beTmWTgōU\XƁŀVXZbeb^h!
?\gXelgXfŀf^e‰gX`bWTV\şf^\XZbƁl
VmXa\T6[e\fghf@Taf\baX`5XaXW\VTg
A\XV[6[elfghfUbZbfTj\gX`hWb
`bj\T_Ubf^e‰gX`\`\bagemXV[`ōW
eV‰jcemX^TmTalV[cemXm_XZXaWōŬeXW
a\bj\XVmaŀ->TVceT@X_V[\beT\5T_gT
mTeT!
7bWT]`lƁXcb_f^\cb`lfbefmT^h
mbfgTcbWV[jlVbalcemXm\aaX^eT]X
^g‰eXe‰ja\XƁebU\ŀbefmT^\jXWhZ
jfc‰_aXZbfVXaTe\hfmT!J%#$&eb^hbe
fmT^\bWUllf\ōaTH^eT\a\X\jEXchU
_\VXħebW^bjbTYel^Tşf^\X]Tj%#$'eb
^hjXJbfmXV[jJTgl^Ta\X
jA\X`VmXV[4aZ_\\\FgTaTV[M]XWab
VmbalV[!g=4FM
9BG!@4E8>=4FM6MLĖF><
H_\VT`\bf\XW_T=Tf\Xa\VTjCb_\VTV[
cemXfmXWBefmT^GemXV[>e‰_\!JlWT
emXa\XmbfgTbmbeZTa\mbjTaXcb eTm
VmjTegl!
@TefmebmcbVmŀf\ōcemlcōg_\Thgb
UhfbjX]!GemX]>e‰_bj\X]XV[T_\^baab!
CbWebWmXfcbg^T_\^e‰_T;XebWT\fgŀW
ehfml_\Wbeh\a^_Tfmgbeh!GT`mbƁl_\
WTel7m\XV\ŀg^h!9\Zhe^T`TXZb=XmhfT
mbfgTThebVmlŬV\Xja\Xf\baTWb^bŬV\b
TŬj!Ŭj!4cbfgb‰jC\bgeT\CTjT!
MjlVmT]Ŭj\ōVXa\T)fglVma\TmbgT
\^TWm\WTjl^fmgTV\f\ōaTcemXb`\X
j\X^‰jKI\KI<j\X^h!CbŬj\ōVTal`
^TWm\WX`^g‰el`UlTƁlj\VTm]T
bjVTb^TWmTabWb`l\bUX]ŬV\XVb
`\TbmaTVmXa\Xfl`Ub_\VmaXZbmTUXm
c\XVmXa\TZbcemXWV[bebUT`\\a\Xfm
VmōŬV\T`\!BWKI<<<j\X^hhcbjfmXV[
a\f\ōgT^ƁXmjlVmT]Ŭj\ōVXa\T^eXWl
$#""fgebaT
$#""glZbWa\^
CTegaXemljlWTa\T
9BGBE8CBEG4ķ
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
9BG!@4E8>H6M4>
CemXVTj jm`\Ta^bjTal]XfgcbeTmc\XejfmljŻe‰WTV[j$%'#eb^hjWb^h`XaV\X^f!5Tea\`T<WbglVmĻVl`mT`\TalZehag‰jmU\f^h
cX`^T`\XŚf^\`>baeTWX`<<<!J$(*+eb^h^f\Ļżň8eaXfg?hWj\ZaTWTj\Xŧfjb]X`haTWjbeaX`heTWVl=bTV[\`bj\<<ibaFV[h_XaUheZ
mCXa^ha!IbaFV[h_XaUheZbj\XcbmbfgTjT_\jTŧV\V\X_T`\Wb$)'*eb^h^\XWlgb`T]ĻgX^fcemXWTab9elWXel^bj\5b[_bj\!CemXVTjUl
jcbf\TWTa\hebWm\al5b[_TżWb$*%(eb^h!Cb]X]jl`TeV\h`T]ĻgX^cemX]ňTebWm\aTiba:eh`U^bjTcba\V[fmVmXV\Śf^\_TaWeTgJ\_[X_`
iba>eThfX!J$+()eb^hcbjl`TeV\hebWm\aliba>eThfX`T]ĻgX^^hc\eTWVTfĻWhcbj\TgbjXZb8jT_WI\Vgbe@be\gm>b_UXjeň^TV[ebWm\
al^g‰eXZb`T]ĻgX^cbmbfgTjTWb$,'(eb^h!
Mcbj\XgemT
=T^jlZ_ĻWTcbj\Tgcb_\V^\m_b
ghcgT^T2A\Xj\X_hj\Wm\Tbgb
aTżljbTcTgemĻVaTmW]ňV\T
bUb^ jTegbfce‰UbjTľ
j5ňWTeZbjbjm`\Ta^bjTaX]XfgjŻe‰WTV[jWb^h`XaV\Xm$_hgXZb$%%#e!^\XWl
gb^f\ňżaT4aTfgTm]Tcbgj\XeWm\TaTWTa\X!ATcbVmĻg^hK<Kj\X^hjXjf\maT]WbjTb
f\ň$(ZbfcbWTefgjVmlafmbjlV[
9BG!@4E8>H6M4>
jJ$%'#e!^f\Ļżň5Tea\`<cbWTebjTU\f^hcbj\>baeTWbj\<<<m>T`\Xa\T
Cb`bef^\XZbWm\Xf\ňV\aňm%#Ta‰jm\X`\jCTeZbj\XClTeV[!JgeT^V\Xjb]al
gemlWm\Xfgb_Xga\X]j\XŧmbfgTTbUeTUbjTaT\ ma\fmVmbaTcemXmfgTV]bah]ĻVXjb]f^T
9BG!@4E8>H6M4>
jJTeml`\VXcbeTmc\Xejfmljm`\Ta^bjTaXfĻjŻe‰WTV[jWb^h`XaV\X
m$_hgXZb$%%#e!]XfmVmXjWTjaX]Ybe`\X JTee\`\V[!J$+''e!jJTeml`\VTV[
`\Xfm^Tl%'&bfbUlj '%ebWm\aTV[j\Xŧ_\VmlT%#Wb`‰j\ %+mTUhWbjTŚ
9BG!@4E8>H6M4>
9BG!@4E8>H6M4>
jJ$,)'e!ebmcbVmňgbUhWbjňmT^TW‰jTmbgbjb YbfYbebjlV[
cbc‰abVaX]fgeba\X`\TfgT!J$,**e!YTUel^ňaTmjTabMT^TWl6[X`\VmaX
ÂCb_\VXµ
GbgXUTeWm\X]maTaX\`a\X]
maTaX`\X]fVTcbj\Tgh!
;\fgbe\TCTeZbjT]Xfg`a\X]
maTaT!+fglVma\T$%)*eb^h
5Tea\`<aTWTceTjTWbjf\
CTeZbjb\5Tea\fTj^_Tfmgb
ebj\VlfgXeX^mXFmVmXV\aT!
JK<Ij!jTfabŬŃgōcbgj\Xe
WmT_\^f\ŀƁōgTħj\ōgbU‰e<\5b
ZhfTjI<<!7ehZŀVmōŬŃjf\
cbf\TWTTebWm\aTiba
FgX\aUXV^!J$'(+eb^hfcemX
WT_\ba\VmōŬŃfjb\V[m\X`eb
Wm\a\XibaJhffbj!J$)&$
eb^h&#j‰^m\X`\
jCTeZbj\XmbfgTT^hc\baT
cemXm6[e\fgbc[TibaWXe
BfgXa!J$,%+eb^hCTeZbjb
^hc\:XbeZA\Vb_T\j^g‰eXZb
cbf\TWTa\hCTeZbjbUlb
Wb^bşVT<<jb]alŬj\TgbjX]!
7m\ō^h]X`lmT hWbfgōca\Xa\X
mW]ōŃWbÇ:bfhCb_\VºcTah
@Te^bj\hVmT^bj\!
7m\ŬmW]ōV\T_bga\VmXfŀjl^b
emlfgljTaXjebmcbmaTjTa\h
jb]f^bjl`fmc\XZbfgj\X
`XgXbeb_bZ\\beTmjYbgbZeT
`Xge\\bWgjTemTa\X^fmgT
g‰jebm`\Te‰j\jmT]X`aX
ZbcbbƁXa\TbU\X^g‰jjgX
eXa\XaTcbWfgTj\XmW]ōŃ!i
=4FM
CTegaXemljlWTa\T
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
JL74EM8A<4
MaT`lcebcbmlV]Xm`\Tajf\XV\
fm^‰!ATWV[bWm\VmTfWXVlm]\
fgebaT""$$
glZbWa\^""$$
g6mX^TaTf]XWaTmaT]jTƁa\X]fmlV[m`\Ta!:\`aTm]TWb_\^j\WTV]\jŬe‰WabjbŬV\UōWm\X
bŬ`\b_Xga\TFm^bT@\fgembfgjTFcbegbjXZb!7bj\bfal`hf\UlŃmaTaTabjTf\XŃfm^‰
Cbj\TgCb_\V^\
GbaTfVmX^Tjbŧj\TV\X
@TeX^=TfmVmlŚf^\
`TeX^!]TfmVmlaf^\3cb_f^TceXff!c_
EXYbe`T XWh^TV]\ jV[bWm\
jƁlV\XbW$jemXŬa\TgXZbeb
^h!ETWTCbj\Tghm`\Xemlf\ō
mceb]X^gX`f\XV\fm^‰aTaT]
U_\ƁfmX]fXf]\^g‰eTbWUōWm\Xf\ō
%*fglVma\T!
B\_XhV[jTTcemX]Wm\XgbgeTY\
Wb^heTgbe\h`bŬj\Tgl!CbmT
bc\a\bjTa\h gT^ƁX cemXm
mj\ŀm^\mTjbWbjX&$`TeVT
cbWVmTf^b_X]aX]fXf]\eTWleTW
a\UōWŀZbfbjTŃaTWhV[jTŀ
WbglVmŀVŀbfgTgXVmaXZb^fmgT
ghabjX]f\Tg^\fm^‰jcbj\X
V\X!MaT`lcebcbmlV]XWbgl
VmŀVXm`\Ta!
JX jfmlfg^\V[ c_TV‰j
^TV[j^g‰elV[\fga\X]X_\VXh`
bZ‰_ab^fmgTVŀVX
Vml_\
jFBFJae$beTmjMXfcb_X
Fm^‰_\VXTgXUōWŀ' _Xga\X
cbWbUa\XgXV[a\^h`mTjbWb
jX^g‰eXaT`bVlhfgTjlUō
Wm\X ( _Xga\X `‰j\ 5XTgT
6[`\X_Xjf^TmmTemŀWhcbj\T
ghcb_\V^\XZb!Jfmlfg^\Xfm^b
l cbWfgTjbjX mTemŀWmTaX
cemXmCbj\TgCb_\V^\UōWŀfm^b
T`\+ _Xga\`\Vbe‰ja\XƁUXm
cbŬeXWa\bjla\^TmcemXc\f‰j
hfgTjl!GbbmaTVmTƁXfm^bl
cbWfgTjbjXcbjfgTaŀj@b
Wm\XƁbjl`BŬebW^hJlV[b
jTjVml`jGemXU\XƁlFcX
V]T_al`BŬebW^hFm^b_ab Jl
V[bjTjVml`ae$jCb_\VTV[
beTmjFcXV]T_al`BŬebW^h
Fm^b_ab JlV[bjTjVml`
jGTabj\X!
9BG!F854FG<4AJBBFM
Jfmlfg^bebmfgemlZa\X
f\ň&$`TeVT
jJeTVT`lWbVmgXeb_Xga\V[_\VX‰j\c\ňV\b_Xga\V[gXV[a\^‰j!Gbm`\Tal^g‰eXVmX^T]ĻaTfjÂ5\TX]µ!&$`TeVTcbWVmTf^b_X]aX]fXf]\eTWl
eTWa\UňWĻZbfbjTľaTWhV[jTĻWbglVmĻVĻbfgTgXVmaXZb^fmgTghabjX]f\Tg^\fm^‰jcbj\XV\X
Fm^bTUeTażbjTmT`\Tfg
Z\`aTm]h`
4Vbf\ōfgTa\XmZ\`aTm]T`\2
J@BJZ\`aTm]h`mbfgTa\X
cemX^fmgTVbaXjfm^bōUeTa
Ɓbjŀ<fgbca\Tj^g‰eX]UōWŀ
^fmgTVXa\^hV[TemX!ATgb`\Tfg
jcemlcTW^hbŬebW^‰jjlV[b
jTjVmlV[Z\`aTm]TUōWŀjŀ
VmbaXWbfm^‰cbWfgTjbjlV[!
AT]j\ō^fmX m`\Tal VmX^T]ŀ
Z\`aTm]h`Fm^bT@\fgembfgjT
FcbegbjXZbmbWWm\TT`\Wjh
]ōmlVmal`\! =XfgXŬ`lm`h
fmXa\cemX^fmgTV\ŃgbZ\`aT
m]h`j+ _Xga\ŀfm^bōcbWfgT
jbjŀFm^bT@\fgembfgjTFcbe
gbjXZbmbWWm\TT`\Wjh]ō
mlVmal`\ mTcbj\XWm\TT5XT
gT6[`\X_Xjf^T!
GT^ƁXZ`\aTCb_\VXcemXW
fgTj\Tfjb]XcebmlV]Xm`\Ta!
ATcbVmŀg^hZehWa\ThU\XZXZb
eb^hmbeZTa\mbjTabfcbg^Ta\X
j^g‰el`hVmXfga\Vml_\WleX^
gbemlfm^‰\cemXWfgTj\V\X_X
eTWebWm\V‰j!HemōWa\Vlb`‰
j\_\^baVXcV]ōfm^‰jmj\ŀm^h
mc_TabjTal`_\^j\WTV]TZ\`
aTm]‰jjCb_fVX!CemXWfgTj\b
abWjTjTe\Tagl! FŀgbWjT
jTe\Tagl^g‰eX`bZŀUlŃ]Xfm
MZbf\^eTWm\XżThgT^g‰eXcbżlVml
Cb_\VX"Ģj\abh]ŧV\X
@TaWTgjjlfb^bŧV\(##m
bgeml`T`\Xfm^Ta\XVCb_\V
mTmZbfmXa\Xb^eTWm\Xżl
?XkhfTWb^g‰eX]a\XWbfmb!
Jfmlfg^bcemXmT_^b[b_
@TeX^=TfmVmlŚf^\
`TeX^!]TfmVmlaf^\3cb_f^TceXff!c_
ļlV\XfgTj\TcemXWaT`\VbeTm
j\ō^fmXjlmjTa\T!CemX^baT_\
f\ōb gl`cb_\VVl`haWhebj\
^g‰emlbWXUeT_\Wm\jalgX_XYba
b^eTWm\XƁl! 7bbcXeTgbeTah
`XehT_Te`bjXZb$$%mTWmjb
a\`ōƁVmlmaT!GejT]ŀVT^\_^T
aTŬV\X`\ahgebm`bjTWbgl
VmlT]XZbfT`bV[bWh^g‰el
jXWhZmZTfmT]ŀVXZbj\Wm\T
cbeTmbfgTga\^\_^TZbWm\agX
`h!=T^b^eXŬ_\_XkhfTa\X`T
j\ōVmbfgTh^eTWm\bal eX_T
V]bah]XTfc\eTag@TZbemTgT?\
gj\am>b`XaWlCbj\TgbjX]
Cb_\V]\jCb_\VTV[!
JgeT^V\XmZTfmTa\T(( _T
gX^^\_^h^ebga\Xm`\Xa\TjXe
f]ō b^b_\VmabŬV\ j ^g‰elV[
WbfmbWb^eTWm\XƁl!=T^b`\X]
fVXbfgTga\XZbcTe^bjTa\TeTm
jf^TmljTCb_\VXmTV[j\_ō
ħj\abh]ŬV\X!@\`bgXZbƁX]X
Zbj\XWmTaTgX`TgmWTemXa\T
UlTa\Xfc‰]aThc\XeTf\ōƁX
Wb^eTWm\XƁlWbfmb!
CeTjWTbemX^b`X]^eTWm\X
ƁlUlTcebmT\VmaT!BfgTgXVma\X
cbjl^baTa\hVmlaabŬV\Yha^
V]baTe\hfmXhfgT_\_\ƁXfT`b
V[‰WmaT]Wh]Xf\ōjħj\abh]
ŬV\hh^eXjaX]^g‰eX]ThgbfT`
cbƁlVml^\_^TWa\jVmXŬa\X]!
=T^f\ōb^TmTbmZTfmT]ŀVl`\T
cbaTW%ceb`\_XT_^b[b_hjbe
ZTa\m`\X!@ōƁVmlmaTcbjl
gemXƀj\Xa\h mbfgT h^TeTal
Zemljaŀjjlfb^bŬV\c‰glf\ŀ
VTmbglV[mTUXmcbWfgTjaX
jXmjTa\X`haWhebjlV[!
g
p
VmX`bWlY\^bjTaX jl]TŬa\T
J\gb_WFgXYTşf^\aTVmX_a\^jl
Wm\ThBŬj\Tgl\>h_ghelHemō
Wh@\X]f^\XZbjCb_\VTV[!
JfglVma\hHemŀW@\X]f^\
jCb_\VTV[bceTVbjTabjŀ
^baVXcV]ō eXYbe`l bŬj\Tgl
jZ`\a\XCb_\VXWbfgbfbjTaŀ
WbabjlV[cemXc\f‰jhfgTjb
jlV[j`lŬ_^g‰elV[`!\a!
Z\`aTm]TmbfgTaŀm_\^j\WbjT
aXTfm^blcbWfgTjbjXUōWŀ
bŬ`\b_Xga\X!AT]jTƁa\X]fmXmT
bƁXa\T abjX] f\XV\ fm^‰
j Z`\a\X Cb_\VX cemXj\Wh]ŀ jŀVmXa\XZ\`aTm]‰jWbfm^‰
cbWfgTjbjlV[ beTm cemX
^fmgTVXa\XFm^blCbWfgTjb
jX]ae&jfm^bōcbWfgTjbjŀ
bŬ`\b_Xga\ŀ!FmVmXZ‰lgX]ceb
cbmlV]\maT]Wh]ŀf\ōaTfgeba\X
&Ç:bfhCb_\Vº!BUXVa\XgejT
]ŀfcbg^Ta\TmebWm\VT`\\aTh
VmlV\X_T`\jcbfmVmXZ‰_alV[
fm^bTV[aT^g‰elV[Wlf^hgb
jTal]XfgcbjlƁfmljTe\Tag!
CemXWfgTj\baX ebmj\ŀmTa\X
jl`TZT ^beX^gl eX]ba‰j
ja\X^g‰elV[fm^bTV[cemXWX
jfmlfg^\`FCae&\FCae%!
i
p
gGT^UňWm\XjlZ_ĻWT^T
_XaWTemm`\TaflfgX`hXWh
^TV]\-
Wb&$`TeVT%#$*e! eTWlZ`\a
`hfmĻcbW]ĻľhV[jTljf!Wb
fgbfbjTa\Tf\XV\fm^‰WbabjX
Zbhfgeb]h.jVmXŧa\X]`hfmĻ
hmlf^TľcbmlgljaĻbc\a\ň^h
eTgbeTbŧj\Tgl`Tba%$Wa\
aTjlWTa\Xbc\a\\
Wb$(`T]T%#$*e! WleX^gbe
fm^blcbWfgTjbjX]Z\`aT
m]h`\mTfTWa\VmX]fm^blmTjb
WbjX]`hf\c\fX`a\Xcb\aYbe
`bjTľaThVmlV\X_\bm`\TaTV[
beZTa\mTVl]alV[jla\^T]ĻVlV[
mjlZTfmTa\T_hUcemX^fmgTVT
a\Tfm^bljgl`aTgX`TgWT_
fmXZb\V[mTgehWa\Xa\TcemXa\X
f\Xa\TjfgTaa\XVmlaal_hUebm
j\ĻmTa\Tma\`fgbfha^hceTVl!
bW$jemXŧa\T%#$*e! ebmcb
VmlaTf\ňcemX^fmgTVTa\X) _Xg
a\V[fm^‰cbWfgTjbjlV[j+
_Xga\XTmTfTWa\VmlV[fm^‰mT
jbWbjlV[j% _Xga\Xfm^bl
UeTażbjX<fgbca\T.a\X`T
<^_TfjZ\`aTm]TV[]XfgabjT
cbWfgTjTcebZeT`bjTj^_T
fTV[<<I\I<<fm^‰cbWfgTjb
jlV[beTm<^_TfTV[fm^‰UeTa
żbjlV[
bW $jemXŧa\T%#$+e!jZ\`aT
m]TV[a\X`T^_Tf<\<<
bW$jemXŧa\T%#$,e! ehfmT]Ļ
' _Xga\X_\VXTbZ‰_ab^fmgTVĻVX
\( _Xga\XgXV[a\^ThVmlľf\ň
ja\V[UňWĻhVma\bj\Xcb+ _Xg
a\X]cbWfgTj‰jVXjgl`fT
`l`VmTf\Xje‰jab_XZlV[
^_TfTV[UňWĻhVma\bj\XcbZ\`
aTm]TV[.\V[_\VXh`aTWT_UňWm\X
& _Xga\XTgXV[a\^h`' _Xga\X!
$%""fgebaT
$%""glZbWa\^
JL74EM8A<4
CTegaXemljlWTa\T
6mTWgbcbWfgňcalmTU‰]VT
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
gM\`ŀcbWVmTfWbZemXjTa\TWb`‰j\`\Xfm^Tş g4UlmTcbU\XVmTgehV\b``bƁaTmT\afgT_bjTŃ
maTVma\XVmōŬV\X]WbV[bWm\WbmTgehŃVmTWX`
Vmh]a\^\g_Xa^hjōZ_T!Gbf^hgXVmaXebmj\ŀmTa\X
TUlgT^\Xa\XfmVmōŬV\Xa\Xfcbg
^TbaTffT`lV[2MTUXmc\XVmX
a\Xf\ōcemXWgl`Ŭ`\XegX_al`
mTZebƁXa\X`]XfgcemXV\XƁgT^\X
cebfgX!
Cbj\Tgcb_\V^\
@TeX^=TfmVmlŚf^\
`TeX^!]TfmVmlaf^\3cb_f^TceXff!c_
>b`\a\TemXj\XWmĻ
fjb]X
6beTmj\ōVX]`\Xfm^TşV‰jcb
j\Tgh]XfgŬj\TWb`lV[a\XUXm
c\XVmXşfgjT\jlU\XeThemŀWmX
a\TbfgemXZT]ŀVXcemXWh_Tga\T
a\X`f\ōmTU‰]VmXZbg_Xa^hVmT
Wh!
4^V]XcebY\_T^glVmaXceb
jTWmbaX jfc‰_a\X mX fgTeb
fgjX`cbj\Tgbjl`\Z`\aT`\
j^g‰elV[ceb`bjT_\Ŭ`lhƁl
jTa\XVmh]X^VmTWhWT]ŀXYX^gl
`‰j\^Tc\gTaC\bge@TV\X]Vml^
m>b`XaWlCbj\TgbjX]CTş
fgjbjX]FgeTƁlCbƁTeaX]jCb
_\VTV[! @T`lVbeTm`a\X]gT
^\V[cemlcTW^‰jjcbj\XV\X!
:‰jal`cbjbWX`jlfgōcb
jTa\Tg_Xa^hjōZ_T]XfgUeT^Wb
cljhcbj\XgemTbeTma\XceT
j\WbjlbWcljfcT_\a!Fceml
]T]ŀgX`ha\XWebƁaX_hUa\X
fmVmX_aXcemXjbWl^b`\abjX
hfm^bWmbaXcbŀVmXa\T`\ōWml
^b`\aT`\\c\XVT`\fmVmX_a\X
cbmT`l^TaXb^aTVmōfgbWb
WTg^bjbhfmVmX_a\baXceml^el
gX ^eTg^\ jXagl_TVl]aX UeT^
bgjbe‰jjWemj\TV[Tm\Xa^b
jlV[UeT^^bageb_\cemXjbW‰j
jXagl_TVl]alV[\^b`\abjlV[!
@bƁaTfgj\XeWm\ŃƁXjj\ō^
fmbŬV\cemlcTW^‰ja\XcbgeTY\
`lX^fc_bTgbjTŃcbf\TWTalV[
cemXmf\XU\XhemŀWmXşZemXj
VmlV[!B^Tmh]Xf\ōƁXa\Xj\X_h
maTfcemXcebjTWmT\V[b^eXfb
jlfXej\fcb`\`bjleTƀaX]
\aYbe`TV]\bgT^\`bUbj\ŀm^h
mTjTegX]j\afgeh^V]\bUfhZ\!
ATceTjWōa\Xj\X_XcbgemXUT
TUlaTfmX`\Xfm^Ta\T\Wb`l
fgTlf\ōUTeWm\X]UXmc\XVmaX!
JlfgTeVmlgl_^bWUTŃbcemXjb
Wl^b`\abjX\jXagl_TVl]aX
cemXcebjTWmT]ŀV b^eXfbjX
cemXZ_ŀWl\VmlfmVmXa\XjXm
jTŃfcXV]T_\fgōTUlWb^baTfXe
j\fhc\XVl^T!CT`\ōgT]`l]XW
aT^ƁXaTjXgfceTjaXhemŀWmX
a\T\WebƁaXcemXjbWla\XfcX
a\ŀfjb]X]Yha^V]\]XŬ_\fT`b
Wm\X_a\XmT^‰V\`ljXagl_TV]ō
cbcemXmaTW`\XeaXhfmVmX_a\X
a\X`\Xfm^Ta\T!BfmVmōWabŬV\
mgT^\XZba\XcemX`lŬ_TaXZbmT
V[bjTa\T]T^`‰j\ŀ^b`\a\T
emXfŀgl_^bcbmbeaX\jVT_Xa\X
cemX^TWT]ŀf\ōaTjl`\Xeal
XYX^gY\aTafbjl!CbZTefmTf\ō
mTgb`\^eb^_\`Tgmj\ō^fmTf\ō
j\_ZbgabŬŃcbj\XgemTcb]Tj\T
]ŀf\ōmTj\_ZbVXa\Tc_XŬşa\X
fgXgle‰ja\XƁVmTW!
?X^^\mTje‰gZbjl
6mlUXmhemŀWmXş]XfgXŬ`ljfgT
a\XfT`\ebmcbmaTŃbUXVabŬŃ
VmTWh2 BU]TjlfŀhmT_XƁa\baX
bWmTjTegbŬV\g_Xa^hjōZ_Tjcb
9BG!4E6;<JH@
F^ĻWf\ňU\XemX2
jBW_TgcebjTWmbaT]Xfg^T`cTa\TbfgemXZT]ĻVTcemXWg_Xa^\X`jňZ_T!MWTa\X`fgeTżT^‰jaTeXfmV\XWT]XXYX^gl
j\Xgemh!?X^^\U‰_Zbjl^g‰el
`bƁXf\ōhgeml`ljTŃcemXmj\X
_XWa\VmlglZbWa\cbj\a\XaaTf
a\Xcb^b\Ń!7hZbgejTXcbWgeh
jTa\Xa\XmTjfmX`hf\^bşVmlŃ
f\ōŬ`\XeV\ŀT_XmcXjabŬV\ŀbW
U\]Xf\ōaTaTfml`mWebj\h `‰
j\fg!^cgC\bgeGhm\`X^emXVma\^
ceTfbjl>b`XaWTagT@\X]f^\X
ZbCFCjFmVmXV\a\X! F\_alU‰_
Zbjl`WbŬV\jl`\bglbfT
U\Xa\X`\ōŬa\WeZTj^\bZ‰_aT
TcTg\Tcbj\aaljl`hf\ŃaTaTf
^ba^eXgaXWm\TTa\T!MjTfmVmT
]XŬ_\`T`lcbmT`l^TaXb^aT
\a\Xj\XgembaX`\Xfm^Ta\X!JTe
gbj‰jVmTfjlŀVmlŃc\XVl^
cemlcb`a\XŃfbU\Xb^b`\a\Temh
\ fXej\f\X hemŀWmXa\T! HgeTgT
cemlgb`abŬV\cemXm^bZbŬmWb
`bja\^‰jVmlmTcTŬŃgb]hƁfŀ
bU]Tjl X^fgeX`T_aX ZWl ^b
a\XVmaT ]Xfg aTZT cb`bV!
Jf^eT]al`cemlcTW^hZWlmT
jTegbŬŃg_Xa^hjōZ_Tjcbj\X
gemhbf\ŀZTceTj\X$cebVXagbU
]ōgbŬV\mZbaaTfgōch]Xcbhcl
j\X$`\ahgl!@T]ŀVŬj\TWb`bŬŃ
ceml^elV[^bafX^jXaV]\jlfgō
cbjTa\TVmTWhW_TaTfmXZbmWeb
j\T\ƁlV\Ta\Xcb_XVTUl`^ba
geb_bjTa\TbUXVabŬV\VmTWhcb
_XZT]ŀVXZbaTbU]TjTV[!5TeWmb
f^hgXVmaXfŀVmh]^\g_Xa^hjōZ_T
mjTaXcbgbVma\XÇVmh]a\^T`\
VmTWhº!MTfTWT\V[Wm\TTa\Tcbm
jT_TaTjl^elV\XmTZebƁXa\TmT
a\`]XfmVmXUōWm\XbabW_TaTf
fm^bW_\jX!JlfgTeVmljgXWljl
ŀVmlŃc\XVl^jXmjTŃfcXV]T_\
fgō\cemXj\XgemlŃ`\Xfm^Ta\X!
MmTWbjb_Xa\X`fgj\XeWmT`ƁX
]XWaT^T^V]XXWh^TVl]aX\cebcT
ZTaWbjX\a\V]bjTaX\cemXceb
jTWmTaXbW^\_^h_TgcemXmCTş
fgjbjŀFgeTƁCbƁTeaŀT_Xe‰j
a\XƁ\aaX\afglghV]Xcemlcb`b
VlceTfl\\aalV[`XW\‰jbWab
fmŀcXj\Xacbmlgljalf^hgX^
\ebŬa\X\_bŬŃZbfcbWTefgjWb`b
jlV[jlcbfTƁbalV[jgT^\XWX
gX^gbel!>bfmgh]ŀbaXa\Xj\X_X
`bagTƁ]XfgcebfglT]hƁWbŬŃVmō
fgbceml]XƁWƁT`lWbmWTemXş
jmljTa\cemXmbfbUlcbT_Te`\X
jljbTal`cemXmgT^\XhemŀWmX
a\X!
=T^jlUeTľVmh]a\^
VmTWh2
CemXWXjfmlfg^\`^hch]X`l
hemŀWmXa\TWbUeX]]T^bŬV\TgX
fgbjTaX!GT^\XVmh]a\^\cbf\T
WT]ŀWhZŀaTjXg* _Xga\ŀZjT
eTaV]ō!6mh]a\^\^hch]X`lgl_
^b h cebWhVXag‰j maTalV[
\fceTjWmbalV[!GTa\XhemŀWmX
a\TUXmbWcbj\XWa\V[VXeglY\
^Tg‰j\TgXfg‰jVmōfgbeXTZh]ŀ
aTfhUfgTaV]X\aaXa\ƁVmTWac!
_T^\XeWbjbf‰jVmlWXmbWb
eTag!7bWTg^bjb]XŬ_\hemŀWmX
a\X]XfgfgTeX\cemX_XƁTbj`T
ZTmla\X^\_^T_Tg]XZbfXafbel
`bZŀ a\X UlŃ bWcbj\XWa\b
VmhX\a\Xjl^elŃYT^glVmaXZb
mTZebƁXa\T!Cb_XV\Ń`bZōhemŀ
WmXa\TY\e`l:TmXkBeabVml
=TU_bgeba!
7bUelWXgX^gbeVmTWheXTZh
]X]hƁaTaT]`a\X]fmXcemX^eb
VmXa\fgōƁXa\T6BhehV[T`\T
T_Te`Ŭj\Xg_al\Wƀj\ō^bjl!
JTegbmT`bagbjTŃ]XcemXWX
jfmlfg^\`gT`ZWm\XmaT]Wh]ŀ
f\ōc\XVXZTmbjXgma!jTm\Xa
^TV[\^hV[a\TV[^bgbja\TV[
XgV!jfT_baTV[j^g‰elV[maT]
Wh]Xf\ō^b`\aX^c\XVX^TY_b
jX j cb`\XfmVmXa\TV[ Wb
ZemXjTalV[ hemŀWmXa\T`\
cemXabŬal`\aTYgbjl`\_hU
ZTmbjl`\!JTƁaXgXƁUla\X
`bagbjTŃZbmUlgjlfb^b·
cbj\a\XamaT]WbjTŃf\ōaTjl
fb^bŬV\$'# $(#V`cba\XjTƁ
jTŬa\XgT`fgōƁXa\X6B]Xfg
aT]jlƁfmX!
CemlaT]`a\X]eTmjeb^h
6mlaTTW`\a\fgeTgbemXV\ŀƁl
bUbj\ŀmX^WUTa\TbcemXjbWl
^b`\abjX \ jXagl_TVl]aX2
Jcb_f^\V[eXZh_TV]TV[ceTj
alV[\fga\X]ŀmTc\flaT^TWT]ŀ
VX bUbj\ŀmX^ VmlfmVmXa\T
\cemXZ_ŀW‰jglV[cemXjbW‰j
jhfgT_balV[VmTfbb^eXfTV[!
HfgTjTCeTjbUhWbj_TaXmb
Ubj\ŀmh]XjTŬV\V\X_\\mTemŀW
V‰jU_b^‰j`\Xfm^T_alV[\Wb
`‰j]XWabebWm\aalV[Wbb^eX
fbjX]^bageb_\VbaT]`a\X]eTm
jeb^hfgTahgXV[a\VmaXZb\a
fgT_TV]\ZTmbjlV[beTmcemXjb
W‰j^b`\abjlV[Wl`bjlV[
fcT_\abjlV[\jXagl_TVl]alV[!
JUhWla^TV[j\X_bebWm\aalV[
bgXe`\abjbŬŃjl^baljTa\T
glV[VmlaabŬV\WUT]ŀfc‰Wm\X_
a\X`\Xfm^Ta\bjX_hUmTemŀWVl
UhWla^‰j!@hf\`l]XWaT^cT
`\ōgTŃƁXWbglVmlgbjfc‰_
alV[VmōŬV\UhWla^hWb^g‰
elV[^b`\a\Tem`TfmTafXWb
gemXŃ!<afgT_TV]Xjl^baljTaX
fT`bWm\X_a\XVmōfgba\XYTV[b
jbcbWŀVmXa\Tjl^baljTaX
UXmhmZbWa\Xş\a\XfcXa\T]ŀVX
bUbj\ŀmh]ŀVlV[jl`TZTşfgT
abj\ŀ cbjTƁaX mTZebƁXa\X
TcbaTWgbVmōfgb^ebŃa\^g\V[
a\X^bafXejh]X! MUlg`Tb
bgl`f\ō`‰j\TV[V\TUl`
TUlgbjU\bf\ōjaTfmŀŬj\T
Wb`bŬŃ!@hf\`lfbU\Xcbj\X
Wm\XŃjcebfg-gbcemXWXjfmlfg
^\`ZbjTebWm\al]Xfg\`hf\
VmhŃf\ōbWcbj\XWm\T_aTmTUXm
c\XVmXşfgjbfjb]X]ebWm\al hjTƁTfg!^cg!C\bgeGhm\`X^! MUlgj\X_Xj\Wm\`ljfgemŀfT]ŀ
VlV[bUeTm‰jj`XW\TV[VT
lV[ ebWm\a geTVŀVlV[ ƁlV\X!
5Xmc\XVmXşfgjbaTfmlV[U_\
f^\V[Wm\XV\cbj\aabUlŃW_T
aTfjfmlfg^\V[aT]VXaa\X]fmŀ
jTegbŬV\ŀa\X`Tgh`\X]fVT
aTUXmgebf^ōVmla\XbWcbj\X
Wm\T_aXa\XWb]emTXmTV[bjT
a\T!ATmT^bşVmXa\X`T`W_T
aTfmlV[VmlgX_a\^‰jVXaaŀeT
Wō!7bj\TWh]ŀVf\ōjaT]U_\Ɓ
fml`VmTf\XmWba\Xf\Xş`XW\T_
alV[b^b_X]al`geTZ\Vmal`
cemlcTW^h"Ta\XfgXgla\X`T`
mhWmXşƁXgT^\XUōWŀ"mT`\Tfg
f^hc\TŃf\ōjlŀVma\XaTƁT_h
\jfc‰VmhV\hW_T\aalV[mTWT]
`lfbU\XclgTa\X-6bmebU\_\Ŭ`l
6\V[lmTU‰]VT
gG_XaX^jňZ_T]XfgZTmX`cbj
fgT]ĻVl`jjla\^ha\XcXaXZb
fcT_Ta\TjňZ_T\fhUfgTaV]\^g‰eX
jfjl`f^TWm\XjňZ\X_cbf\T
WT]Ļ!=Xfggl`ZebŻa\X]fmlżXa\X
cbf\TWTf`T^hmTcTV[hUTejl
a\XfmVmlc\XjbVml\a\XÂWhf\
jZTeW_Xµ!=Xfga\XVb_żX]fml
bWcbj\XgemTZňfgbŧľ#,)*
cemXmVbTgjbcemXa\^TcemXm
ŧV\Talfgebcl\jTefgjlm\X`\!
9TV[bjVl
bfgemXZT]ŀ
cemXW_X^VXjTƁXa\X`^bageb
_\cemXjbW‰j^b`\abjlV[gb
`bƁX WbcebjTWm\Ń Wb hfm
VmXeU^haTmWebj\hTaTjXg
WbhgeTglƁlV\T! ?hWm\Xbfm
VmōWmT]ŀ a\X gl_^b fcT_T]ŀV
Ŭ`\XV\T_XgT^ƁXcemXmgbƁX
a\XjmljT]ŀaTfWbb^eXfb
jlV[cemXZ_ŀW‰j!4_X]T^Tgb
bfmVmōWabŬŃ ^\XWl V[bWm\
b mWebj\X \ ƁlV\X2 `‰j\ŀ
J\XfTj AbjT^ \ C\bge
>T_\şf^\^b`\a\TemXmXFmVmX
V\aT! CemlaT]`a\X]VmgXeleT
mljeb^hcbj\aalUlŃVmlfm
VmbaX^b`\alWl`bjXWjT
eTmljeb^hfcT_\abjXTeTm
aTeb^cemXjbWljXagl_TVl]
aX!JcemXV\jal`jlcTW^h
Zebm\mTgehV\XfcT_\aT`\Vml
UTeWmbZebƀal`VmTWX`!GT
^Tj\mlgTYTV[bjVTgbjlWT
gX^$%#mbglV[!
>b`\a\TemXcemlmaT]ŀf\ō
ƁXfcbgl^T]ŀf\ōmflghTV]T`\
ZWl`\Xfm^TşVlfT`bWm\X_a\X
ce‰Uh]ŀVmlŬV\ŃcemXjbWl^b
`\abjX!
CT_ŀZTmXglj^b`\a\XVb
`bƁXWbcebjTWm\ŃWbcbƁTeh
fTWml\ebmfmVmX_a\Xa\TcemX
jbW‰j gh`TVmlJ\XfTj
AbjT^^b`\a\TemmcbaTW'#
_Xga\`fgTƁX`! CbƁTelfTWml
`bZŀUlŃZebƀaXjf^hg^TV[!
Cemlhfm^bWmXa\h^bafgeh^V]\
^b`\aT `bƁX Wb]ŬŃ Wb ebm
cemXfgemXa\Ta\T f\ō cbƁTeh
aTVTlUhWlaX^!Jf^hgX^mT
cT_Xa\Tf\ōfTWml`bƁXgXƁaT
fgŀc\Ńcō^a\ōV\X^b`\aT^g‰
eXVmōfgbUljTa\Xj\WbVmaX
T_XZebƀaXjf^hg^TV[\`bƁX
UlŃcemlVmlaŀmTVmTWmXa\T!
A\XfT`bVmlfmVmXa\X]Xfg
]XWaT^cbgemXUaXTUlVmhŃf\ō
cXja\X\UXmc\XVma\X!J\ō^
fmbŬŃcemlcTW^‰jh_Tga\Ta\T
f\ōg_Xa^hjōZ_TfcbjbWbjT
aT]Xfga\XjTŬV\jl`jXagl
_bjTa\X``\Xfm^Ta\T!
ļXUl`a\X]cTV\ŃmTbZemX
jTa\Xjl`\Xa\Tf\ō\hfmVmX_
a\Tb^aTVmōfgbaTjXgmTgl^T
^eTg^\jXagl_TVl]aX!GbhgehW
a\Tjl`\Taōcbj\XgemTjcb
`\XfmVmXa\TV[TjgXWlfcT_T
a\X]Xfga\XcXaX\cbjfgT]Xg_X
aX^jōZ_T gh`TVmŀ^b`\a\T
emX!7_TgXZba\XmUōWaXfŀgT^
mjTaXaTj\Xgema\^\jb^aTV[
_hUŬV\TaTV[!CemXma\XWbfgT
]Xf\ōWbŬebW^T`\Xfm^Ta\TVml
Wb`hcbj\XgemXVbmTcbU\X
ZTmTflfTa\hcemXmc\XVcbj\X
gemTm^b`\aT\jlchfmVmTa\h
g_Xa^hjōZ_TWbcb`\XfmVmX
a\T!ip
CTegaXemljlWTa\T
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
JL74EM8A<4
@T]ĻabjlfT`bV[‰W
fgebaT""$&
glZbWa\^""$&
g>b`XaWTCbj\TgbjTCb_\V]\jCb_\VTV[`TabjleTW\bj‰m!GbbcX_Vb`UbVml_\^b`U\jTa
Cbj\Tgcb_\V^\
9BG!@4E8>=4FM6MLĖF><
FT`bV[‰W^bfmgbjT$#&glf\ŀ
VXmbglV[ThgbhWTbf\ōmT^h
c\ŃWm\ō^\jfc‰_aX`hjlf\^b
j\cb_\V]\\fT`bemŀWh!Cb]TmW
mbfgTaTUlgljeT`TV[ceb]X^
gh Ç(#"(#º cb_XZT]ŀVXZb
aTgl`ƁXfT`bemŀWlmcb_\V]ŀ
Y\aTafh]ŀ cb cbbj\X mT^hc
fcemōgh!
(#glf\ōVlmbglV[jlbƁl
T >b`XaWT :‰jaT Cb_\V]\
TaTcbmbfgTŀVmōŬŃmXUeTlf\ō
fT`bemŀWl- cbj\Tg cb_\V^\
Z`\aT Cb_\VX \ >bUTf^bjb `‰j\Tfc\eTag@TZbemTgT?\
gj\am>b`XaWlCbj\TgbjX]
Cb_\V]\jCb_\VTV[!
Gb bcX_ Vb`Ub Vml_\
^b`U\jTa!4hgbcbf\TWTfcbeŀ
VmōŬŃUTZTƁbjŀTgT^ƁXcemX
fhjTaXWemj\!@Tf\_a\^UXaml
abjlbcb]X`abŬV\$'_\`bVl
$%#>@!7bglV[VmTf>CCjCb
_\VTV[`\TT%*eTW\bjbm‰j
mVmXZb$)UlbbmaT^bjTalV[!
CbmTgl`aTfgTa\Xcb_\V]Tag‰j
9BG!@4E8>=4FM6MLĖF><
@TeX^=TfmVmlŚf^\
`TeX^!]TfmVmlaf^\3cb_f^TceXff!c_
j4hgb`TfcbeĻVmňŧľUTZTżbjĻTgT^żXcemXfhjTaXWemj\!@Tf\_a\^UXamlabjlbcb]X`abŧV\
$'_\`bVl$%#>@!Cb]TmW]Xfg_X^^\`bżXj]XV[TľjgehWalgXeXa
fŀ‰Wƀ`bgbebjT\WjTebjX
el!AbjlbmaT^bjTalbcX_
Vb`UbmaTVma\XbW`bWm\cb
_\Vl]algTUbe!
6\Xfml`l f\ō ƁX eTWa\
cbfmVmXZ‰_alV[eTWhmaT_\mT
fTWal`jfc\XeTa\XgX]\a\V]T
gljl cbj\XWm\T 4aWemX]
5XWaTeX^fgTebfgTcb_\V^\!Ab
jleTW\bj‰m]Xfg_X^^\Wb]XWm\X
aTjXgjgehWalgXeXa!JVmōŬ
V\UTZTƁbjX]]Xfgcb`\XfmVmX
a\XW_Tbf‰UmTgeml`TalV[!
FT`bV[‰W]XfgYTUelVma\X
abjl!A\X]XfgWhƁl`T`bƁ_\
jbŬŃcbW]XV[Ta\TaTceml^TW
cbW^_Tg^\fV[bWbjX mTV[jT
_TabjlmT^hc`bWfml\a
fcX^gbe@Te\hfm5T]be^b`Xa
WTagcb_\V^\X]cb_\V]\!
>_hVml^\ Wb fT`bV[bWh
aTeōVX>b`XaWTagTCbj\Tgb
jXZb Cb_\V]\ j Cb_\VTV[ `!
\afc!@Te\hfmT5T]beTjfl`
jAbjlaTUlgX^cbWm\j\T]ĻJTWlfTj7\T^ha Uhe`\fgemCb_\V
\`bWfml\afcX^gbe@Te\hfm5T]be
Ub_\Vmal fcbf‰U cemX^TmT_\
jfc‰_a\X-4aWemX]5XWaTeX^ fgTebfgT cb_\V^\ JTWlfTj
7\T^ha Uhe`\fgemCb_\V@T
ZbemTgTFV[jTem j‰]g:`\al
>bUTf^bjb!Cb_\V]TaV\UōWŀ
jl]XƁWƁT_\a\`WbfhƁUlgT^
ƁXjeX]ba:`\al>bUTf^bjb!
JfglVma\hjgl`eX]ba\XbW
Ulb f\ō ^\_^TaTŬV\X fhƁU
cemljl^bemlfgTa\hgXZbcb
]TmWh!@\Xfm^TşVla\Xh^eljT
]ŀƁX_\VmŀaTj\ōVX]cTgeb_\
jZ`\a\X!ip
iJ\ōVX]\aYbe`TV]\ZT_Xe\\Y\_
`‰jmcbj\TghaTZf%'!c_
$'""fgebaT
$'""glZbWa\^
;<FGBE<4
CTegaXemljlWTa\T
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
;Xg`TafcebjTWm\cbżbZň
jb^b_\VTV[?hUhfmT\cbfmXW
fmlU^\` `TefmX` cemXm
4aZXe`hXaWX:Tegmb`\aŀ
@TeX^=TfmVmlŚf^\
FmVmXV\a\bcTabjTCTfXjT_^!
`TeX^!]TfmVmlaf^\3cb_f^TceXff!c_ :TegmbZeTU\bab\fcT_babcb
WbUa\X ]T^ cbaTW $## jf\
j b^b_\VTV[ FmVmXV\aT
J$)(*eb^hj‰Wmj\‰Wjb]
4a^_T`CTfXjT_^hCXa^ha!
f^baTfmjXWm^\Xj‰jVmTfCb
`bemXUlWb^baTŃma\fmVmXş ATcbVmŀg^h_\fgbcTWTmWXVl
\bWcTV\ŃmTcbgbcfmjXWm^\! WbjTaba\X\ŬŃ]XWaT^WT_X]
aT7Ta\ō\$$_\fgbcTWT6mTea\X
Eb^c‰ƀa\X]cbcebjTWm\^b_X]
aŀjlceTjōcemXmCb`bemX V^\ m jb]f^\X` cemX^ebVml
mcbjebgX`BWeōjgl`fT
cbj\‰Wjb]f^bWbfb]hfma\
`l``\X]fVh!8YX^gX`gX]jl
VmX]7Ta\\!
ceTjlUlbj\ōVfc_ŀWebjTa\X
;Xg`TaehfmlaTfmjXWm
ma\fmVmXa\Xcebj\aV]\aT_XƁŀ
^\XCb`bemXjeT`TV[WljXe
f]\!JXjemXŬa\h$)(*e!mTVmŀ VlV[ Wb X_X^gbeT \ ^e‰_T
bWcTVTŃmTfchfgbfmXa\Tm\X` fmjXWm^\XZb_XVmfgeTglcba\b
fTcemXWXjfmlfg^\`cb`be
cb_f^\V[!Fm_T^cbV[bWhmaT
Vmllcbc\blfcT_balV[jf\! f^T_hWabŬŃj^g‰eX]cT`\ōV\
aT UTeWmb WhZb cbmbfgTl
JlceTjTmTZba‰j6mTea\X
jfcb`a\Xa\TeTUha^‰j!
V^\XZb`\TTfcbjbWbjTŃmT
6mTea\XV^\hmTfTWa\T]ŀVh
`\XfmTa\XaTglTV[jb]f^>T
c\XƁVmŀ jlceTjō `\T f\ō
eb_T:hfgTjTjT_VmŀVXZbm7T
mje‰V\ŃWb]XWaXZbmXfjb\V[
a\ŀ!
5lTgbglcbjTWljXef]T bY\VXe‰jaTfgōch]ŀVl`\fbjT
^g‰eX]VX_X`UlbbWV\ŀZa\ōV\X `\-ÇA\XV[j\X_\fmWeTWm\XV^\
FmjXW‰jbWWm\TTşjCb_fVX `bjTbX_X^gbemXUeTaWXa
`‰j\7Te\hfmB^bş[\fgbel^ Uhef^\` cemlc!eXW!VmXZb
mI<?BjFmVmXV\a\X^g‰eXZb f\ōcbaTffcbWm\XjTŃ!@T`l
cTgebaX`]Xfg[Xg`TaFgXYTa jV\ŀƁ jTfalV[ V[bc‰j
mUlWT\^hebUWm\XeTŃ2?Xc\X]
6mTea\XV^\! 7ljXef]Tm`\Xa\
X_X^gbef^\V[^e‰jcbf`T^h]
Tf\ōjhc\XƁVmŀ\b^ehgaŀjl
ceTjōbWjXgbjŀ!6mTea\XV^\ `l! GT^ cTabj\X aT ^bş
Wb@TeV[\\GT`aT_XƁaŀmTcT
jfmXWaTCb`bemXcemX^eT
VmT]ŀV 7eTjō cbW jf\ŀ gōmX_X^gbeTŬV\ŀZa\X`l!5ō
5Tea\`\X f^\XebjT f\ō Wm\Xba^emlVmXŃgbcXjaXT_X
aTFgTeZTeWmTbƁl^jTgXeō f\ō gl` mTfba\`l ƁXŬ`l
bgeT^gTV\Xa\Xj\XWm\X_\!º
cbW>_ōc\aX`!FgŀWfTcbW
J\X_^\j‰WmT_X\b^ehgal
]TmWljf\_X$#%#_hU'#_hWm\
Vmbj\X^cbgeTY\UlŃUXmjm
cemXWXjfmlfg^\`jVX_hf\T
a\TmT`ōghcbcbV[h\cbƁbZ\! Z_ōWalW_T]XşV‰j\_hWabŬV\
Vlj\_aX]T_Xgbja\Vml`a\X
=XWXamgT^\V[cbW]TmW‰jcbW
fmXWcbW`\TfgXVm^b7ŀU\X bWU\XZTbbWmTV[bjTa\T\a
ZWm\XfcT_\]XWaŀbjVmTea\ō! alV[jbWm‰jgX]Xcb^\ `‰j\
7Te\hfmB^bş! ATcXjabbWX
FmVmXV\şf^\X]gj\XeWmla\XmT
`\XemTTgT^bjTŃ!HV\Xec\Tl ZeTjlU\gaŀeb_ōjVmTf\Xcb
gbchfmjXWm^\XZb!CemXfmXW
e‰ja\XƁm\X`\XX_X^gbeTUeTa
WXaUhef^\XZbjaTfgōcalV[ Wb[\fgbe\\]T^bjm‰ea\Xmb`
Wa\TV[c_ŀWebjT_\]hƁb^b_\VX aXZb\bY\TeaXZbƁba\XemT!=T^b
7eTjf^T MbV\XşVT bUmT ]XWlal jl`\Xa\bal ]Xfg
\@\ebfTjVT!BWeōcemX^ebVml jÇ@Tmhe^h7ŀUebjf^\XZbº!
7m\X]XeXZ\bah
AT_XƁl]XWaT^WbWTŃƁXgT
^\XbUV[bWmXa\Xf\ōm _hWabŬ
V\ŀVlj\_aŀUlbaTcbemŀW^h
Wm\Xaal`!B^ehV\Xşfgjb\cb
ŀVmbal m UXmjmZ_ōWabŬV\ŀ
bWjXg Ull j KI<< j\X^h
je‰jal`fgbca\hfgbfbjTaX
cemXmjfmlfg^\X‰jVmXfaXTe
`\X XhebcX]f^\X! >bcbgl
mTcebj\mTV]ŀUllcemlVmlaŀ
hc\XfgjT!7_TƁba\XemThcl
jb]XaaXUll]XWlal`ƀe‰W
X` hgeml`Ta\T fgŀW gXƁ
UXmjmZ_ōWabŬŃ[Xg`TaT!
Eb^c‰ƀa\X]ebmcbVmōTf\ō
WehZTflaaTjlceTjT6mTe
a\XV^\XZbhj\XVma\baTjaT
fml`[l`a\XaTebWbjl`!=X
f\Xa\ŀeb^h$)(+e!6mTea\XV^\
cbW]ŀflaaŀjlceTjōWb7T
a\\cb^g‰eX]aTfmUb[TgXeÇW_T
B]VmlmaleTgbjTa\Tje‰V\f\ō
cemXm`bemXº!
Gl` eTmX` cemX`Tefm
cemXmm\X`\XX_X^gbeTbWUljT
f\ōjVT^bj\gl`cbemŀW^h!
ļX_TmaT eō^T 6mTea\XV^\XZb
h`\TThgeml`TŃWlfVlc_\aō!
CemXmCb`bemX\@X^_X`UheZ\ō
jb]f^TWbgTeljb^b_\VX;T`
UheZTTWT_X]aTjlUemXƁX@b
emTC‰abVaXZbf^ŀW$'ZehW
a\T$)(+eb^hebmcbVmōgbcemX
ceTjōaTjlfcō4_f!
=T^\`[Xg`TaUlVmbj\X
^\X`2
CTge\bgT`ōƁalƁba\Xem
T_X\Vmbj\X^V[V\jl!CbV[b
Wm\m`TbmT`bƁaXZbebWh
Tj\ōVjb]aTcbmjT_TT`h
mWbUlŃ`T]ŀgX^ hjTƁTWT
e\hfm B^bş! A\XhfgTaal
hWm\Tjjb]aTV[`bVabaTW
fmTecaŀ]XZbmWebj\X!>h_T
fgemTf^TT]XZbcbWa\XU\Xa\X
j\ōVVleh_\^mTbƁl`h`XgT
_bjŀclg^ō!GbjTŬa\XeTal
cemlVmla\l f\ō Wb Ŭ`\XeV\
6mTea\XV^\XZb ^g‰el m`Te
jWebWmXWb?jbjT!ATbƁh
Ŭ`\XeV\bgeml`TUhTjō[Xg
`Tşf^ŀ!io
9BG!J<><C87<4
g@\]T&)#_TgbW^\XWlFgXYTa6mTea\XV^\ehfmlaTCb`bemXUlmX`ŬV\Ńf\ōaTX_X^gbemXmT]XZb
jfcTeV\XW_TFmjXV]\g 5lTgbWljXef]T^g‰eTcemla\bfTfm^bWlZ‰ja\X_hWabŬV\Vlj\_aX]
jFgXYTa6mTea\XV^\[XeUhbWm\The!b^!$(,,e!j6mTeaVlm`!$)_hgXZb$))(e!jFb^b‰jVX
aTbUeTm\X=TaT@TgX]^\ÂĢ_hUl_jbjf^\Xµ^_ňVmlcbceTjX]mTcTeĻ^e‰_Xjf^Ļ
MTeV[\jh`
jBUeTmFgXYTaT6mTea\XV^\XZbThgbefgjT5ebWXeb@Tgg[\fXaT
WTgbjTalaT$)(,eb^
j4eglfglVmaTj\m]TVml_\ÂĢ`\XeľFgXYTaT6mTea\XV^\XZbµ]T^]Ļ
fbU\XjlbUeTżT?Xbcb_W?ŒYY_Xe!BUeTmm$+)#eb^h
j=XfmVmX]XWaTWm\Xj\ňgaTfgbj\XVmaTj\m]TThgbefgjT=h_\hfmT
>bffT^TÂ6mTea\XV^\cbWCbV^\X`µ
@ebVmaTfgebaTCb_\V
@Te\hfmCTe^\gal
`Te\hfm!cTe^\gal3cb_f^TceXff!c_
%_\cVT%#$)e!ZbWm!$&!%$!6mTf
gejTa\Tebm`bjl$,fX^haW!
7lƁhealcb_\V]\- ;T_b2
:bfWT`f^\- Cebfmōceml]X
V[TŃUbba`hY_T^\ebmc\Xe!!!
!!!mabƁX`jlfmXWWmjbş
V\XcbcbZbgbj\X!H_\VTJb]f^T
Cb_f^\XZb!CebfmōcTaTbaghmT
U\Vmbj\X^T!>\XWljlceml]X
Wm\XV\X2
7lƁheal- =XWm\X`l
MTU‰]fgjb
Cb_\V]TaV\\cbZbgbj\XaT`\X]
fVXceml]XV[T_\jV\ŀZh^\_^h
`\ahg!ATcbWj‰e^h_XƁT`b
Wl`ōƁVmlmaT!CbWVmTffX^V]\
mjb^U\XZlhfgT_\ƁX4eghe
!WbfgTfmXŬŃV\bf‰jabƁX`
j fml]ō ^_Tg^ō c\Xef\bjŀ
\UemhV[!
CemlVmlaŀ Ŭ`\XeV\ Ulb
hfgTa\X^eŀƁXa\Tjjla\^heT
al^hgb V\ōgX]fXeVTm`Tflj
al` ^ejTj\Xa\X` Wb ]T`l
bchVabjX] aTc\fmXjcebgb
^b_X!
JXWhZŬj\TW^‰jV\bflmT
WT&' _Xga\CTjX;!CemlmaT
f\ōWbj\al!CbmTU‰]fgj\Xje‰
V\aTZ‰eōWb`\Xfm^Ta\T\mT
VmŀbZ_ŀWTŃgX_Xj\m]ō!$+ VXa
gl`Xgebjla‰ƁjemhV\Wbm_X
jh\bW^eōV\jbWōj^eTa\X!
@bgljX`mUebWa\UlTmTm
WebŬŃb^bU\Xgō!JXWhZceb^h
eTghelWm\TTmmT`\TeX`UXm
cbŬeXWa\`Vml_\V[V\TmTU\Ń
UlXZbV[bcT^Tfjb]X]cTeg
aXe^\4Za\Xfm^\:!
Bf^Teżbal
CTjX;!cf!;TelhebWm\f\ō
jFmVmXV\a\X!5laT]`bWfml
mge‰]^\ebWmXşfgjT!Jfm^b_X
hVml f\ō a\X aT]ZbemX] T_X
jgemXV\X]^_Tf\XmTjbW‰j^\cb
fgTabj\mT^bşVmlŃXWh^TV]ō!
HVmlf\ōjgXWlaT_T^\Xea\^T!
Ce‰UbjTaTjXgf\bgj\XeT]ŀV
jTfal U\maXf T_X ^Te\Xeō
cemXejTb `h TeXfmgbjTa\X
mTebmU‰]!BfgTga\bceTVbjT]T
^bfm_\Y\Xem!MTeTU\T&glf!m
aTeō^ō!JcemXfmbŬV\Ul^TeT
al`!\a!mTebmU‰]\a\X_XZT_aX
cbf\TWTa\XT`ha\V]\!Mj\ōm\X
a\TjlfmXWVmgXel_TgTgX`h!
MT`\Xfm^T m 4Za\Xfm^ŀ :!
\fjb\`\ebWm\VT`\jgemlcb^b
]bjl``\Xfm^Ta\hjCb_\VTV[!
7jT_TgTgX`hhebWm\b\`f\ō
Wm\XV^b!>\_^TeTmlj`\Xfm^T
a\h\agXejXa\bjTTcb_\V]TUb
WbV[bWm\bWbTjTaghe`\ōWml
Wb`bja\^T`\! AT]VmōŬV\X]
ZWl;TelUlcbWjcljX`T_
^b[b_h!
Mjlj\TWh^heTgbeTjla\^T
]XWaT^ƁX;TelUlWbUel`b]
VX`W_Tfjb]X]V‰e^\!Cbjl]
C\XejfmĻebmceTjň
jcebVXf\XCTjT;!
mTc_TabjTab
aT+_hgXZb
jFmVmXV\a\X
CTegaXemljlWTa\T
>EBA<>4>EL@<A4?A4
glZbWa\^""$(
fgebaT""$(
CTjXV[V\Tf\ňhfgTg^bjTľ
T_X4eghea\XcbmjT_T`h
mTcb`a\XľbcemXfmbŧV\
g@\Xfm^Ta\XVCb_\VbWcbj\XmTmTU‰]fgjbUlXZbV[bcT^Tfjb]X]Wm\XjVmlal
ŬV\hmj\ōm\Xa\TceTVbjTWb
^TWTf\ōWb`\Xfm^Ta\T!A\X
^bemlfgTmbc\X^\cb`bVlfcb
XVmaX]!4Za\Xfm^T:!a\XceTVb
jTT!CbU\XeTTc\Xa\ŀWmXmceb
ZeT`h(##!MmXmaTşmbƁb
alV[cemXm^bU\XgōjŬ_XWmgj\X
jla\^TƁX]X]cTegaXejb_al
VmTf fcōWmT aT]V[ōga\X]
cemXWgX_Xj\mbeX`V[bŃmWT
emTb`hf\ōgXƁjlcbƁlVmTŃ
^f\ŀƁ^\mU\U_\bgX^\!6mōfgb]XW
aT^c\!
MmXmaTş`Tg^\bf^TeƁbaX
Zb-
CTjXb^bbc\ōŃ_TggX`h
jlfmXWmj\ōm\Xa\T!A\XWhZb
cbjl]ŬV\hmj\ŀmTf\ōm4Z
a\Xfm^ŀ!<V[cbƁlV\Xh^TWTb
f\ōe‰Ɓa\XUbbUlWjb]X_hU\ŀ
fbU\Xjlc\Ń!6mTfX`jmljT
T`cb_\V]ōZWlba\f\ōTjTa
ghebjT_\! CTjX j bfgTga\`
VmTf\XmebU\f\ōUTeWmbTZeX
fljalaTjXgWb`a\X\Wb`ō
ƁTmjTfmVmTZWlUla\XgemXƀ
jl mXmaTjTT@Te\T;!
aTgbVbmebU\T_UbŬ`\Tf\ō
`‰j\ŀVƁX4egheTa\XƁTh]X!
JXef]TCTjT;!
4jTagheT
C\gXƁjabVlm$aT%_\cVThU!e!
AbVfcōWm\cbmTWb`X`Ub
cb^‰V\f\ōm4Za\Xfm^ŀ:!Je‰
V\jfbUbgōbZbWm!(!MWŀƁl
f\ōcbV[jT_\ŃƁXjabVlcbmaT
]T^ŀŬ^bU\Xgō!
CbWXejTX`^he!!!fcbW
WX_\^TgXf‰j cbj\XWm\T\cb
bƁlf\ōfcTŃ!
CbcemXUhWmXa\hhUeTf\ō
jm\ŀc\Xa\ŀWmX^g‰eXgeml`T
cbW `Tf^bg^ŀ\jlfmXW!
=TebU\T`ceTa\Xcbjb_\
f\ō cT^bjTT` cba\XjTƁ
V[V\TT`\ŬŃWbWb`hfT`bgaX]
`Tg^\cba\XjTƁCTjX`a\X
mWeTWm\ mXmaTjTT4Za\Xfm
^T:!
B^!ZbWm!$#cbbƁlTV‰e^ō
fcTŃ\cbfmTmTcT_\ŃcTc\XebfT!
CemXmb^abj^hV[a\mThjTƁl
T4egheT!Cb`TV[T]X]baT
`hbW`TV[TT!Cbj\XWm\TƁX
V[VXcbebm`Tj\TŃ!>\_^TWa\
jVmXŬa\X]jlfmXWmj\ōm\Xa\T!
5lfcb^b]al!JVmXŬa\X]`\T
Wba\X]ceXgXaf]XƁXa\Xfŀ]hƁ
eTmX`!Ebm`Tj\T_\ZbWm\aō!
6[V\TcbƁlVmlŃc\ōŃmbglV[!
Cb ebm`bj\X bWfmXW T_X
cbV[j\_je‰V\jcbU_\ƁXWb
`h! J gl` fT`l` VmTf\X
WbWb`hje‰V\;Tel!7bfmb
Wb^b_X]aX]TjTaghel!
CTjXa\XfceTj\TjeTƁX
a\TƁXUlcbWjcljX`T_^b
[b_h!MTVmŀf\ōTjTaghebjTŃ
mX`aŀ\mXfjb]ŀ`Tg^ŀHWX
eml`a\Xjcb_\VmX^mcTf^\X]
eō^\!=XfmVmXcemXmV[j\_ōcb
9BG!4>G4F÷7BJ8
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
j MTclgTX`CTjT;!W_TVmXZbjVmXŧa\X]a\X`‰j\bcebU_X`TV[m4egheX`!@bZ_\Ulŧ`l
\agXejXa\bjTľ!BabWcbj\XWm\TżXa\VUlgba\XWTb\a\XV[V\TUlľ^baY\WXagX` `‰j\cb_\V]Tag
jlmljTaTfTcbgX`cbfmXW
Wbcb^b]h\mebU\bf\ōV\V[b
mXmaTjTT4Za\Xfm^T:!
Jgl`VmTf\X4eghe!cbeTm
gemXV\cbWfmXWcbW\V[Wb`!
7bfmbWbTjTaghelm;Tel`!
AT]c\XejU\_\f\ōaT^_TgVXfV[b
WbjX]TcbgX`cemXWWb`X`!
Ce‰UbjTT\V[ebmWm\X_\Ń`Tg^T
bf^TeƁbaXZbU\]ŀVflaTcTgX_
a\ŀ!4_Xa\Xj\X_XgbWTb!4eghe
!bfhaŀf\ōaTm\X`\ō!
CbWXfmT`Wb4egheT\ba
h`Teceml`a\X!CT`\ōgT`]T^
cb_\V]TaV\mT^hjT_\CTjT mX
maTjTT4Za\Xfm^T:!
Gj\XeWm\ ƁX cbVmŀg^h
TjTaghela\Xj\Wm\TT!
5TeWm\X]fmVmXZ‰bjXfŀmX
maTa\T `Tg^\ ;TeXZb ^g‰eT
gj\XeWm\ƁX4egheemhV\ja\X
ZbUhgX_^ŀbWc\jT\V[V\TTUl
jlfmXWaTWj‰e!
J\Wm\TT`]T^flageml`T
abƁjeōVX\^\XebjTf\ōjfgeb
aō4egheT!MTa\`WbU\XZT`
WbCTjTj\Wm\TT`]T^mTWT]X
V\bfabƁX`4eghebj\!A\XcT
`\ōgT`j^g‰eŀVmōŬŃV\TTmT
WTc\XejfmlV\bf!J\Wm\TT`
]T^CTjXgemleTmlmT`TV[aŀ
f\ōabƁX`!4eghecemXmV[j\_ō
]XfmVmX fgT cb Vml` hcTW
aTcbfTWm^ō!=ThWXemTT`fl
aTcTgX_a\ŀ^emlVmŀVTUlcemX
fgT mXmaTjTT@Te\T;!
ÂGT^]TgbmebU\X`µ
:Wl cb_\V]TaV\ ceml]XV[T_\
aT`\X]fVXmbUTVml_\Ŭ_TWl^ej\
aT^_TgVXfV[bWbjX]\cbWj‰e
^h!=T^TŬ^bU\XgT^emlVmTTÇmT
U\ Zb ba a\X Ɓl]Xº! =XWXa
mYha^V]baTe\hfmlfceTjWm\
fgTa _XƁŀVXZb aT cbWj‰e^h
`ōƁVmlmal!A\XjlVmhgōgaT!
JXmjTcbZbgbj\X!BW^g‰eX]Ŭ
m^bU\Xgcb_\V]TaV\Wbj\XWm\X_\
f\ōƁXmTU‰]VT]Xfgj`\Xfm^T
a\haTc\ōgemX!:WljV[bWm\_\
Wb`\Xfm^Ta\TCTjX;!ce‰Ub
jTjl]ŬŃ!@\TmT^ejTj\baX
fgbcleōVX\fcbWXa^\!JXWhZ
eX_TV]\Yha^V]baTe\hfml`ōƁVml
maT^eml^aŀÇgT^^he!!!]Tgb
mebU\X`º!Cb_\V]TaV\f^h_\Zb
^T]WTa^T`\!AT]XZbj\Wb^4Z
a\Xfm^T:!jl^eml^aōT-
6bf^he!!!mebU\XŬ2
6[V\TTŬgXZbgb`Tfm bW
cbj\XWm\T]X]!
JXWhZmXmaTşYha^V]baT
e\hfmT ^g‰el mTgeml`ljT
bf^TeƁbaXZbjla\^TƁXCTjX
CTjX;!bW_\cVT
f\XWm\j TeXfmV\X!
ATcebVXfUňWm\X
WbcebjTWmTal
jTflŧV\Xcb_\V]\
;!jl]ŀg^bjbfcb^b]a\Xf\ōmT
V[bjljT!@\TaTjXgcbj\X
Wm\XŃƁXa‰ƁV[jlV\cbcebjb
^h]ŀVlV[fbjTV[ceml]TV\‰^\!
>ba^hU\aT`\TT`hcb
j\XWm\XŃVbŬjfgl_hÇƁX]T^]X
fgXŬgT^\`ŀWelgbaT^_TgVX
VmX^TaTV\XU\X4egheX^º mX
maTjTcb_\V]Tag!
CbglV[fbjTV[bf^TeƁbal
`\TV[jlV\ŃmTa‰ƁjlU\XZ
aT^_Tg^ōfV[bWbjŀ\gT`fcbg
^T4egheT!7bfmbWbeō^bVml
a‰j!
Cb`\ōWmljlcbj\XWm\T`\
mTgeml`Tal^\_^TeTmlcbjgT
emTÇmT]XU!!!ZbaTcXjaba\X
Ɓl]Xcbgl_hV\bfTV[aTcXjab
a\XƁl]Xº mXmaTjTYha^V]baT
e\hfm!
AT^b`XaWm\XjCb_\VTV[
bf^TeƁbalT_UbcT^TƁT_ŀVf\ō
4egheT ^g‰el gXƁ a\X fgeba\
bW^\X_\fm^T\T`Ta\TceTjT
maTbW^\_^h_Tg!MTcXja\TƁX
a\Xhgeml`ljT_\^b_XƁXşf^\V[
^bagT^g‰j!4Za\Xfm^ōcbmaT
j%#$&e!ZWljlfmXWmj\ōm\X
a\TmTebmU‰]cemXf\XWm\Tgeml
_TgT!7m\XjVmlaTUlTjgXWl
ceml]TV\‰^ŀ4egheT!CTjX]X]
f\ōfcbWbUTgT^UTeWmbƁXjl
cebjTWm\Tf\ōbW4egheT\mT
`\Xfm^TTm;Tel`\]XZbebWm\
aŀ!
4eghebj\gTflghTV]Tf\ōa\X
cbWbUTT!6mTfX`]ŀfmTecT
aTh_\VlZWlfmTfT`T!A\XeX
TZbjTaTcebŬUlTUlf\ōhfcb
^b\!7b`a\XgXŀ`\TceXgXa
f]ō!FV[bWm\X``hmWebZ\TUl
a\Xcebjb^bjTŃTjTaghe `‰
j\CTjX;!
:Wl%_\cVTmbUTVml4egheT
aT^_TgVXcemXfjb\``\Xfm^T
a\X`je‰V\f\ōcba‰Ɓ!MTcXj
a\TƁXa\XV[V\TZbhƁlŃgl_^b
aTfgeTfmlŃ^ba^heXagT!Gj\Xe
Wm\ƁX4egheV[V\Tja\XZbemh
V\ŃUhgX_^ŀ!
Geml`Tal`jceTjX]Wb
a\abƁX`^hV[Xaal`hWXeml
X` 4egheT j UemhV[ !!!!
Cb`b\V[V\bfTV[bfhaŀf\ō
aTm\X`\ō\hcTW!!!!6[lUT
V[V\TX`gXaabƁh`lŃT_XZb
a\Xh`lX`\cbfmXWX`Wbcb
^b]hbZ_ŀWTŃgX_Xj\m]ō bcb
j\TWTaTcemXfhV[Ta\h!
Ceb^heTgbea\Xj\Xeml
GlWm\XşgX`hfŀWcbeTm^b_X]
alcemXWhƁlTeXfmg;TeX`h!
CbcTeja\bfX^ceb^heTghelƁX
aTjb_abŬV\bf^TeƁbal`‰ZUl
aT^Ta\TŃŬj\TW^‰j`Tg^ō
Wm\XjVmlaō
fŀf\TW‰j
Wbm`\TalmXmaTş!Ceb^heTgheT
a\XWTTgXƁj\TelgX]VmōŬV\]X
Zbjl]TŬa\Xşj^g‰elV[gj\Xe
Wm\ƁX4eghe!emhV\ja\XZb
UhgX_^ŀ!
CTjX;!Wm\TTmmT`\T
eX`UXmcbŬeXWa\`mTU\V\T4e
gheT!Jf^Tmh]ŀaTgbb^b_\Vm
abŬV\-ebWmT]aTemōWm\T`\X]fVX
mTWTa\TV\bf‰j`bgljmTm
WebŬŃTgT^ƁXfbjTjlcbj\X
Wm\TaXjbUXVabŬV\`Tg^\ƁX
V[VXmTU\Ńcb^emljWmbaXZb!
B]XZbWXgXe`\aTV]\Ŭj\TWVml
gXƁ gb ƁX a\X eXTZbjT ZWl
`Tg^Tce‰UbjTTZbhfcb^b\Ń
\a\XhWm\X_\cb`bVlT_Xje‰
V\WbWb`h\mTVmŀbZ_ŀWTŃgX
_Xj\m]ō bf^TeƁTceb^heTgbe
<mTUX_T@\mheT :\XaTf!ip
$)""fgebaT
$)""glZbWa\^
JL74EM8A<4
CTegaXemljlWTa\T
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
>j\ga\X[TaWX_^TegT`\F<@Uba\X
^TżWlV[VXeX]XfgebjTľgX_XYbaaTf\XU\X
gCb_T^cbgeTY\!Gl`eTmX`maT_Tmf\ōfcbf‰UaTbUX]ŬV\XhfgTjlTaglgXeebelfglVmaX]mZbWa\X
m^g‰eŀcbf\TWTVmXgX_XYba‰jaT^Tegō`hfmŀmTeX]XfgebjTŃ^TeglF<@Wb$_hgXZbgXZbeb^h
<agXejXaV]X
@TeX^=TfmVmlŚf^\
`TeX^!]TfmVmlaf^\3cb_f^TceXff!c_
Gb]XfgbUbj\ĻmX^
FcemXWTƁcemXme‰ƁaXcbW`\b
gl_hUbfbUl]hƁmTeX]XfgebjT
alV[^Teg]XfgfceTjŀb\_X\a
Ybe`TV]XaTgXagX`TgfŀceTj
Wm\jX^g‰eŀcbj\aalmT\agXeX
fbjTŃf\ōbWcbj\XWa\XfhƁUl
cTşfgjbjX ^b`cXgXagaX
WbbVXalVmljgT^\V[flghT
V]TV[a\XWbV[bWm\WbmT`Ta\T
ceTjT `‰j\4e^TW\hfm@T
]Xjf^\m7m\Th>b`ha\^TV]\
>becbeTVl]aX]mf\XV\C_hf!
<aalbcXeTgbe BeTaZXCb_
f^T cemlcb`\aTƁXVXf]\^Te
glceXcT\WaT\aaXZbhƁlg^bj
a\^T`bƁaTWb^baTŃjfT_ba\X
jcebVXf\XcemXeX]XfgebjTa\T!
>_\Xag^g‰elfcemXWTmTeX]X
fgebjTaŀ aT f\XU\X ^Tegō
ceXcT\W\a\XWb^baTVXf]\`h
f\_\VmlŃf\ōm^bafX^jXaV]T`\
jeTm\Xjl^bemlfgTa\TgT^\X]
^TeglWbcemXfgōcfgjTcemXm
bfbUō^g‰eT]ŀ^hc\T! ATeT
m\X]XWaT^BeTaZXCb_f^Ta\X
bUfXejh]XbZbfmXşfcemXWTƁl
mTeX]XfgebjTalV[^TegceXcT\W
^g‰eXcb]Tj\T]ŀf\ōj\agXeaXV\X
hflfmX_\Ŭ`lbWbcXeTgbeT!
Cb Vbgb^b`h2
;TaWX_^TegT`\F<@gl`\mTeX
]XfgebjTal`\Ul^jXfg\ŀVmT
fh! :Wl gl_^b cb]Tj\l f\ō
c\XejfmX\aYbe`TV]Xbc_Tab
jTaX] hfgTj\X TaglgXeebel
fglVmaX] fgTb f\ō ]TfaX ƁX
VmōŬŃCb_T^‰ja\X^ba\XVma\X
gXeebelfg‰jfce‰Uh]XcemXf^b
VmlŃmT^Tml\aT^Tml!4]XŬ_\mT
c\flUōWŀjlUeT^bjTaXmebU\ŀ
gb m TgjbŬV\ŀ! FcemXWT]ŀVl
mV[ōV\mlf^h^hch]ŀVlUlcb
mbfgTŃ_hWƀ`\Taba\`bjl`\!
GT^T^TegTcemlWTf\ōj\agXeX
fTV[T_XgXƁjmWeTWTV[Vml
cemXfgōcfgjTV[bcV]\]Xfgfcb
ebj\ōV\cbclgWhƁl!FgŀWWb
a\Xf\Xa\T b VmTeal` ela^h!
7bfmbWbgXZbƁXcbƁŀWTal`
gbjTeX`fgTlf\ōceXcT\WlmT
eX]XfgebjTaXaTbUVXaTmj\f^b!
4]T^gb^b`Xagh]ŀ\agXeaThV\2
9BG!F854FG<4AJBBFM
BYXegj\agXeaXV\Xa\XUeT^h]X!
6XaT^TegljT[Tf\ōbW%#Wb(#
mbglV[!FcemXWT]ŀVlmV[ōV\ml
f^h ^hch]ŀVl Ul cbmbfgTŃ
_hWƀ`\Taba\`bjl`\!GT^T
^TegTcemlWTf\ōj\agXeXfTV[
T_XgXƁjmWeTWTV[VmlcemX
fgōcfgjTV[ bcV]\ ]Xfg fcbeb
j\ōV\ cbclgWhƁl!BcXeTgbe
m^g‰el`ebm`Tj\T_\Ŭ`lWb
fgemXZTcbjTZōflghTV]\!
j=XżX_\^gbŧV[VXcbmbfgTľTaba\`bjl`bżXf^bemlfgTľmj\X_hbZbfmXŚ^g‰eXcb]Tj\lf\ňj\agXeaXV\X\aTfhcTV[eX^_T`bjlV[!
@bżaTj a\V[maT_XŻľbYXeglfcemXWTżlmTeX]XfgebjTalV[^TegF<@!BcXeTgbemlgX_XYba\\ e‰ża\Xgb^b`Xagh]Ļ
JlV[lUTa\Xj\XemlV\XƁX
bfbUl^g‰eXgbfcemXWT]ŀeX]X
fgeh]ŀ^TeglaTfjb]XWTaX!5\b
eŀfhcl\`TfbjbeX]Xfgeh]ŀT_
UbmaT]b`\jcha^gTV[\`gb
eX]Xfgeh]ŀaT]T^\XŬ_XjXWTaX!
7bjbWha\XWT]Xf\ōWbf^Tah
cbgj\XeWmXa\XmZbWabŬV\mWb
^h`XagX` `bƁaT mTTgj\Ń
mbfbUŀeX]Xfgeh]ŀVŀ\cbcebU
_X`\X!ATjXga\XgemXUT^hcb
jTŃfbU\XabjXZbah`XehUl
UlŃTaba\`bjl`!JlfgTeVml
fgTelmTeX]XfgebjTŃj]T^\`Ŭ
cha^V\XmcTa\ŀMbf\ŀ\cTfh]X hjTƁT]XWXam\agXeaThg‰j!
GbWm\TT_abŧľZbfcbWTeVmT
=T^f\ōb^Tmh]XfcbeX^bcbgl
bfbUl[TaW_h]ŀVX^TegT`\
F<@ `bZŀ`\XŃmXfgebal9\
f^hfT!
CemXc\flcbWTg^bjXjgl`
BeWlaTV]TcbWTg^bjTWXY\
a\h]ŀWm\TT_abŬŃZbfcbWTeVmŀ!
JXWhZbeWlaTV]\]Xfggb^TƁ
WT Wm\TT_abŬŃ mTebU^bjT
jgl`jl^baljTa\Xjb_aXZb
mTjbWhTgT^ƁX^TƁWT\aaT
Wm\TT_abŬŃmTebU^bjŀjl^b
aljTaTjXjTfal`\`\Xa\h
\aTjTfal_hUVhWmleTV[h
aX^aTjXgj‰jVmTfZWl\aaX
hfgTjla\XmT_\VmT]ŀgX]Wm\TT_
abŬV\WbWm\TT_abŬV\Zbfcb
WTeVmX]!>b_X]aXWXY\a\V]Xcb
WbUaXj^bafgeh^V]\Wbcb
jlƁfmX] `bƁaT maT_XƀŃ
jhfgTj\XbcbWTg^hWbV[bWb
jl`beTmjhfgTj\XbI4G!
FcemXWTƁmTcbŬeXWa\VgjX`
\agXeaXgbjXZbfXej\fhbZb
fmXa\bjXZbj\ŀƁXf\ōmb^eX
Ŭ_bal`\bUbj\ŀm^T`\cbWTg
^bjl`\!Cb_XZT]ŀbaXcemXWX
jfmlfg^\`aTXj\WXaV]babjT
a\hWbV[bW‰jbeTm\V[jl^T
mTa\h\ebm_\VmXa\hjhemōWm\X
f^TeUbjl`!
=XƁX_\bfbUTY\mlVmaTUōWm\X
b^Tm]baT_a\XfcemXWTjTT^Te
glF<@jXjTfal`\`\Xa\h
\aTjTfaleTV[haX^gbj‰j
VmTf`TbUbj\ŀmX^ebm_\VmXa\T
gT^\XZbcemlV[bWhjmXmaTa\h
ebVmal`jcbWTg^hWbV[bWb
jl`C<G &*_hUC<G &)]T^b
ÇcemlV[‰Wm\aalV[ƀe‰WXº!
<aTVmX]]Xfg]XŬ_\fcemXWTƁ
]XfgV\TZT\`TmTebU^bjlV[T
eT^gXe! Gbhmlf^TaXcemlV[b
WlmT_\VmTaXfŀWb cemlV[bW‰j
mWm\TT_abŬV\ZbfcbWTeVmX]
cbW_XZT]ŀVX]bUbj\ŀm^bj\fgb
fbjaXZbmZbfmXa\TeX]XfgeT
Vl]aXZb\\V[bcbWTg^bjTa\T jl]TŬa\T @TZbemgT 5embmT
m <mUlF^TeUbjX]jFmVmXV\a\X!
AT_XƁlcT`\ōgTŃƁXjlfb
^bŬŃhmlf^\jTalV[cemlV[b
A\XmTeX]XfgebjTa\X
Wm\TT_abŧV\
jlcXa\TcemXfTa^\
VbaT]`a\X]^\_^h
jl^ebVmXŚ
W‰ja\X`TghmaTVmXa\T!AT
jXg`TXmlf^\mWm\TT_abŬV\
ac!cb_XZT]ŀVX]aTfcemXWTƁl
j<agXeaXV\X]XƁX_\fŀhmlf^\
jTaXeXZh_Tea\X\jl`TZT]ŀ
cbW]ōV\TfmXeXZhVmlaabŬV\fŀ
hmaTjTaX mT cebjTWmXa\X
Wm\TT_abŬV\ZbfcbWTeVmX]!
M^b_X\W_TbcbWTg^bjTa\T
I4G\fgbgaX]Xfggb]T^gT^TgeTa
fT^V]Temhgh]XaTeXT_\mTV]ōmT
fTWlaXhgeT_abŬV\cbWTg^h!Fl
fgX`bj\I4Ga\XcbW_XZT]ŀ]X
Wla\XgT^\XVmlaabŬV\a\X_XZT_
aX ^g‰eX a\X `T]ŀ jcljh
aT^ba^heXaVl]abŬŃj_XZT_
al`fX^gbemXbUebghgT^\`\fT
`l`\gbjTeT`\!=XƁX_\mTgX`
\fga\X]X_XZT_alelaX^bUebgh
WTal`\gbjTeT`\a\X_XZT_al
a\`\bUe‰g^g‰el`Tjcljm
hjTZ\ aT ^ba^heXaVl]abŬŃ
aTelaX^_XZT_ala\X`bƁXa\X
cbW_XZTŃbcbWTg^bjTa\hI4G!
Jla\^TgbmTeg!)c^g%hfgTjl
bcbWTg^hbWgbjTe‰j\hfhZ
beTmbemXVma\VgjTGelUhaTh
FceTj\XW_\jbŬV\H8!AT_XƁl
e‰ja\XƁ mje‰V\Ń hjTZō
aTgeXŬŃTeg!(hfg!%jj!hfgT
jlmZbWa\Xm^g‰el`VmlaabŬ
V\b^eXŬ_baXjhfg!$cbW_XZT]ŀ
bcbWTg^bjTa\h a\XmT_XƁa\X
bWgXZbVmlmbfgTljl^baTaX
m mTV[bjTa\X` jTeha^‰j
beTmYbe`b^eXŬ_balV[cemXc\
fT`\ceTjT!FcemXWTƁcemXm
bfbUōY\mlVmaŀmTeX]XfgebjT
alV[ ^Teg F<@ j bc\fTal`
cemlcTW^hmhjTZ\aTmTc\fl
bZbfmXa\TfgTabj\ŀVX\Ɓ]Xfg
gb a\XbZeTa\VmbaT\_bŬŃ^Teg
jWbjb_aX]f\XV\cemX`Tj\T
mTfgj\XeWmXa\X`\ƁcemlV[‰W
gXaj\a\XambfgTŃbcbWTg^bjT
aljeT`TV[Wm\TT_abŬV\Zb
fcbWTeVmX]Vbm^b_X\bmaTVmT
Wb^baTa\XVmlaabŬV\fceTj
WmT]ŀVlV[^bageb_alV[Vml
bYXeXaggT^ŀWm\TT_abŬŃcebjT
Wm\!McemXWfgTj\baX]flghTV]\
jla\^TƁXbYXebjTaTfcemXWTƁ
`\XŬV\f\ōj^TgXZbe\\Wm\TT_
abŬV\ZbfcbWTeVmX]!ħj\TWVmlŃ
bgl``bZŀ\_bŬV\fcemXWTjT
alV[^TegbeTmcbŬeXWa\Vgjb
j\V[eX]XfgeTV]\!GT^TWm\TT_
abŬŃcbW_XZTmZbfmXa\h\bcb
WTg^bjTa\h!<aYbe`TV]TWbgl
VmŀVTfcemXWT]ŀVXZbjf^Tmh]X
ƁX]XfggbbfbUTceljTgaTa\X
cebjTWmŀVTWm\TT_abŬV\Zb
fcbWTeVmX]!
:ebm\aTjXgZemljaT
A\XmTeX]XfgebjTa\XWm\TT_abŬ
V\ZbfcbWTeVmX]jlcXa\TcemX
fTa^\VbaT]`a\X]^\_^hjl^eb
VmXş_hUVmla‰ja\XWbmjb_b
alV[jla\^T]ŀVlV[V[bV\TƁUl
m^bWX^fh^TeaXZbf^TeUbjX
Zb!CbmTgl`cebjTWmŀVlWm\T
T_abŬŃ`TfmXeXZbUbj\ŀm^‰j
^g‰elV[ a\XWbcXa\Xa\X `T
fjb]X^bafX^jXaV]X!Jceml
cTW^hh]Tja\Xa\TgT^\X]flghT
V]\cemXWf\ōU\beVT`bƁXmbfgTŃ
h^TeTal Zemljaŀ mT ^TƁWŀ
ma\XceTj\WbjbŬV\mbfbUaT!
=XfmVmX\aaT^jXfg\TgbcebjT
WmXa\XfcemXWTƁlUXm^TflY\
f^T_aX]\jlWTjTa\TcTeTZb
a‰j`\`bgT^\X]^ba\XVmabŬV\!
ATgXaYT^g`hfmŀhjTƁTŃbfb
UlbYXeh]ŀVXhfhZ\_hUgbjTel
bfbUb`celjTgal`!MTUeT^
fgbfbjTa\T^TflY\f^T_aX]`\
`bgT^\XZbbUbj\ŀm^he‰ja\XƁ
Zebm\ ZemljaT aT]VmōŬV\X]
jcbfgTV\`TaWTgh!
JXWhZ bZ‰_aX] mTfTWl
jfmlfg^\XcemlV[bWl^g‰eXa\X
cbW_XZT]ŀmjb_a\Xa\haTjXg]X
Ŭ_\a\XcebjTWm\f\ōWm\TT_abŬ
V\ZbfcbWTeVmX]aT_XƁlbcbWTg
^bjTŃ!5eT^mTcTglcbWTg^h
WbV[bWbjXZb^jT_\Y\^bjTaX
]Xfg]T^bbf\ŀZTa\XcemlV[bW‰j
ma\Xh]Tja\balV[ƀe‰WX jl
]TŬa\T @TZbemTgT 5embmT! HemōWlf^TeUbjXjXelY\^h]ŀ
jfmX_^\X flZaTl WbglVmŀVX
a\XceTj\WbjbŬV\ cbWTg^b
jlV[j\ōVe‰ja\XƁgXaflZaT
mbfgTa\XmjXelY\^bjTal!
CbVbaT`hfgTjT
TaglgXeebelfglVmaT2
%_\cVT%#$)eb^hjXfmTjƁlV\X
hfgTjTmWa\T$#VmXejVT%#$)
eb^hbWm\TTa\TV[TaglgXeebel
fglVmalV[7m!H!cbm!,#'!
HfgTjTWXY\a\h]XWm\TTa\T
TaglgXeebelfglVmaXcemXm^g‰
eXaT_XƁlebmh`\XŃWm\TTa\Tbe
ZTa‰jTW`\a\fgeTV]\chU_\VmaX]
cb_XZT]ŀVX aT mTcbU\XZTa\h
mWTemXa\b`bV[TeT^gXemXgXe
ebelfglVmal`cemlZbgbjTa\h
Wb cemX]`bjTa\T aTW a\`\
^bageb_\jWebWmXmTc_TabjT
alV[cemXWf\ōjm\ōŃeXTZbjT
a\hjcemlcTW^hjlfgŀc\Xa\T
gT^\V[mWTemXşbeTmhfhjTa\h
\V[f^hg^‰jjgl`bWgjTemT
a\hmTfbU‰jcemXmaTVmbalV[
WbeXTZbjTa\TaTa\X!8_X`Xa
gX`Wm\TTşTaglgXeebelfglVm
alV[
fŀ
Wm\TTa\T
^bagegXeebelfglVmaX gb ]Xfg
Wm\TTa\T jbUXV fceTjV‰j
bf‰UcemlZbgbjh]ŀVlV[_hUcb
`TZT]ŀVlV[jWb^baTa\hcemX
fgōcfgjTbV[TeT^gXemXgXeebel
fglVmal`cebjTWmbaXjVX_h
jlX_\`\abjTa\TUXmcbŬeXW
a\XZbmTZebƁXa\TƁlV\TmWebj\T
_hUjb_abŬV\bf‰U_hU`\Xa\T
cemljl^bemlfgTa\hfcXV]T_\
fglVmalV[f\\ŬebW^‰jbeTm
fcXV]T_\fglVmaX]gT^gl^\Wm\TT
a\T!
HfgTjT jcebjTWmT cbj
fmXV[a\XbUbj\ŀmh]ŀVl\Wbfgb
fbjTalWbjl`bZ‰jA4GB
VmgXebfgbca\bjlflfgX`fgbc
a\T_Te`bjlV[aTjlcTWX^mT
ZebƁXşgXeebelfglVmalV[beTm
fgbca\
T_Te`bjlV[
jVlUXecemXfgemXa\!i
p
CTegaXemljlWTa\T
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
@BGBELM46=4
5Xmc\XVmaT]TmWTm\`Ļ
fgebaT""$*
glZbWa\^""$*
gGehWaXjTeha^\aTWebZTV[gbfceTjWm\Taa\Xgl_^bW_TaTfmlV[aXej‰jT_XcemXWX
CbeTWa\^
^\Xebja\^6Xageh`GXV[a\Vm
aXZb;X__TCb_f^T!
@TeX^=TfmVmlŚf^\
`TeX^!]TfmVmlaf^\3cb_f^TceXff!c_
A\Xgl_^bm\`bjXbcbal
9BG!4A7EM8=FM>B>6<
CTWT]ŀVl Ŭa\XZ m WXfmVmX`
hgehWa\T]ŀVlj\WbVmabŬŃbU
_bWmbaXŬ_\f^\XWebZ\mT`Tem
a\ōgXmT`^\gbgl_^ba\X^g‰eX
ma\XWbZbWabŬV\^g‰el``hf\
fgTj\ŃVmbb^TƁWl^\XebjVT!
<fga\X]ŀ]XWaT^cebfgX\f^hgXVm
aX`XgbWlaT cemlZbgbjTa\X
f\ōWbm\`lUXm^ba\XVmabŬV\
j\mlgljfXej\f\X!ATVbmje‰
V\ŃfmVmXZ‰_aŀhjTZōmTa\`m\
`TmTVma\Xf\ōaTWbUeX2
Cb c\XejfmX cemXW m\`ŀ
aT_XƁlfceTjWm\ŃfgTaT^h`h
_TgbeT\h^TWTWbjTa\T!=XƁX
_\jlfgōch]ŀ]T^\X^b_j\X^a\X
ceTj\WbjbŬV\gbaT_XƁl]X]T^
aT]fmlUV\X]hfhaŀŃ!M\`ŀhƁl
jT]ŀV j\ōVX] bŬj\Xg_Xa\T
\bZemXjTa\TmhƁlV\XceŀWh
maTVmŀVbjmeTfgT!Ja\f^\V[
gX`cXeTgheTV[ T^h`h_Tgbe
WbŬŃfmlU^bgeTV\fjb]ŀfceTj
abŬŃTmhƁlgl_hUfgTelT^h
`h_Tgbea\XjTŬV\j\XTWbjT
alaTcXjabmTj\XWm\X\gb
jaT]`a\X]bVmX^\jTal``b
`XaV\X `‰j\MXabaEhWT^
>b_X]aŀ^jXfg\ŀaT^g‰eŀaT_X
Ɓlmje‰V\ŃhjTZōgbbcbal!
Cb\V[jl`\Ta\XaTm\`bjX
jTegbfceTjWm\ŃfgTa^bTmT
cTfbjXZb\jeTm\X^ba\XVmabŬ
V\]XaTcb`cbjTŃbeTmfceTj
Wm\Ń ]T^ f\ō ]X jl`\Xa\T!
Cemlb^Tm]\jTegbmje‰V\ŃhjT
ZōVml`T`ljThV\Xjfmlfg
^\Xa\XmUōWaXWbgXZbaTemō
Wm\TbeTm^T`\mX_^ōbWU_Tf^b
jŀ\eō^Tj\Vm^\ebUbVmX!ļTW
aXZb^\XebjVla\XgemXUTcemX
^baljTŃ]T^WhƁXmaTVmXa\X
W_TUXmc\XVmXşfgjTehV[hWeb
ZbjXZb `T ceTj\WbjX
bŬj\Xg_Xa\Xcb]TmWh!JbƁXa\X
mXfbUŀmTcTfbjlV[ƁTe‰jX^
gb^ba\XVmabŬŃjVmTf\Xm\`l!
:WlfmlU^bmTcTWTm`eb^]Tm
WTm]XWal`cemXcT_bal`eX
Y_X^gbeX`gbfgjTemTa\XWhƁX
Zba\XUXmc\XVmXşfgjTaTWeb
WmX!7bUemX]Xfg`\XŃcemlfb
U\X\afgeh^V]ō]T^jl`\Xa\ŃƁT
e‰j^\beTmZehUXeō^Tj\Vm^\
ebUbVmXcemljl`\Ta\Xa\X
cb^T_XVml`leŀ^fmgljal`\
bWm\`aTX_X`XagT`\\afgT_T
V]\_hUbUhWbjleXY_X^gbeT!
jEhfmT]ĻVjŧa\XZhclaa\X\cbjb_\WbWT]X`lZTmhTUl
ha\^aĻľcbŧ_\mZh
9BG!4A7EM8=FM>B>6<
jfmlfg^\`W_TaTfmlV[fT`bV[bW‰j!=T^f\ōUXmc\XVma\XWbgejTŃWbj\bfal2
jJTegbcemlZbgbjTľfT`bV[‰WżXUla\XUlba\XfcbWm\TaX^cemlhehV[T`\Ta\hThgT!GT^\j\Wb^a\Xcbj\a\XaaTfmTf^bVmlľ
JTegbcT`\ōgTŃƁXbUbj\ŀmX^
jl`\Tal fcT_baX] ƁTe‰j^\
fcbVmljTaThƁlg^bja\^hcb
]TmWh!Cb_\V]T]XƁX_\fgj\XeWm\
cemXcT_baŀƁTe‰j^ōcbWVmTf
^bageb_\WebZbjX]`bƁXa\X
ceml]ŀŃ gh`TVmXa\T ƁX a\X
j\X`l]T^gbmebU\Ń\`TceTjb
mTUeba\ŃaT`WT_fmX]]TmWl `‰j\MXabaEhWT^!
CT`\ōgT]`le‰ja\XƁb`Tl`
f^ebUT^hWbbW_TWmTa\TeXY_X^
gbe‰j\gl_alV[_T`c ]XƁX_\]Xfg
aT\V[Ŭa\XZ_hU_‰WgbŬj\TgX
a\Xj\WTŃ!
=XƁX_\jaTfml`fT`bV[b
Wm\XmWTemT]ŀf\ō^bcbglmeb
mehV[X`gbWbUemX]Xfg`\XŃ
jcb]XƀWm\XcemXjbWlebmeh
V[bjXaTjXg]XƁX_\ma\V[a\X
f^bemlfgT`lgb`bƁXjlUTj\
`l^bZbŬ\aaXZbmcbjTƁalV[
^bcbg‰j!
CT`\ōgT]`le‰ja\XƁbmT
^hc\X\jl`\Ta\XWbglV[VmT
fbjXZbclahWbfcelf^\jT
VmlaTm\`bjla\XmT`TemT
]ŀVl! @bƁX`l Zb ^hc\Ń
aTaT]U_\ƁfmX]fgTV]\UXamlab
jX]!
JTegb fceTjWm\Ń Vml ]Xfg
\]T^f\ōhƁljTmTVmXcWb[b_b
jTa\T]XƁX_\UōWm\XcbgemXUal
jTjTel]aX]flghTV]\ha\^a\X
`lcTa\^\\^bcbg‰jbeTmWb
WTg^bjbcb`lŬ_XŃb_\aVX[b
_bja\VmX]!Cba\XjTƁjb^eXf\X
m\`bjl`hƁljT`lmaTVma\X
VmōŬV\X]jlV\XeTVmX^cT`\ō
gT]`lbgl`TUlfceTjWm\Ń
fgbc\Xş\V[mhƁlV\T\XjXaghT_
a\XmT‰Ɓ`labjX!
7bWTg^bjXjlcbfTżXa\X
=XƁX_\ cbehfmTal f\ō Vmōfgb
cbmTŬa\XƁbalV[WebZTV[`b
ƁX`lWbcbfTƁlŃcb]TmWjb
cTgōWbŬa\XZh^g‰eThTgj\
jl]XV[Ta\XmmTfc!:Wl]XƀWm\
`ljgXeXa\XZ‰emlfgl`^b
a\XVmal`jlcbfTƁXa\X`fT
`bV[bWhfŀTşVhV[lŬa\XƁaX!
<V[mT^TWTa\X\hƁljTa\XaT
_XƁlUXmjmZ_ōWa\XcemXŃj\VmlŃ
mTa\`UōWŀcbgemXUaXha\^
a\X`lc‰ƀa\X]fmlV[^bcbg‰j!
CT`\ōgT]`le‰ja\XƁƁXfgb]ŀV
jmTfc\X_hUaTmTU_b^bjTaX]
WebWmXgX_XYba^b`‰e^bjl]Xfg
aTfmŀÇWXf^ŀºeTgha^hWbUemX
]XfgmTgX``\XŃfceTjaŀTWb
jTe^ōfT`bV[bWbjŀWba\XZb!
JTegbe‰ja\XƁjbm\ŃjThV\X
jVmTf\Xm\`l^bVVmTc^ō]T
^\XŬUTgba\^\VmX^b_TWōXgV!
:Wl ceml]Wm\X aT` VmX^TŃ
j VmTf\X Ŭa\XƁaX] mT`\XV\
aTcb`bV_hUaTbWU_b^bjTa\X
mTŬa\XƁbaX] WebZ\ cb`bZŀ
aT`baXjWbUeX]^baWlV]\Wb
VmX^TŃcb`bVlbeTmmTUXmc\X
VmŀaTfcemXWmUlga\`jlV[b
WmXa\X`!
AT^ba\XVbfgTga\TeTWTT_X
a\Xmjl^_X\fgbgaTm\`ŀmTjfmX
]XƀWm\`lmj\ō^fmŀ\_bŬV\ŀcT_\
jTjmU\bea\^h!Cbc\XejfmX
f^eTc_Tf\ōjgXWl`a\X]jbWl
^g‰eT `bƁX U_b^bjTŃ Y\_gel
cbWehZ\XZWlfgTa\X`ljmT
fcTV[`bƁX`lhgeml`TŃf\_a\^
jceTVl\ZemTŃjaōgemXcb]Tm
WhUXmbUTjlbfmlU^\Xjl
VmXecTa\XcT_\jT WbWT]XMX
abaEhWT^!ip
Fgbcc\eTgb`WebZbjl`gXm`\Tal`T]ĻcbWa\XŧľUXmc\XVmXŚfgjbaTWebZTV[
ATWebWmX
EmĻWmTT^VXcgbjTcemlZbgb
jTalj@\a\fgXefgj\XFceT
j\XW_\jbŧV\ceb]X^ghfgTjl
^g‰eTmTbfgemT^TelmTcemX
fgňcfgjTjehV[hWebZbjl`
@TeX^=TfmVmlŚf^\
`TeX^!]TfmVmlaf^\3cb_f^TceXff!c_
AbjXcemXc\fljl`\XembaXfŀ
jf^eT]a\Xa\XbWcbj\XWm\T_alV[
^\XebjV‰j^g‰emlcbjbWh]ŀ
Ŭ`\XeŃ\ma\fmVmXa\TaTcb_f^\V[
WebZTV[T\V[bY\TeT`\fŀa\X]XW
ab^ebga\XWm\XV\!Ceb]X^ghfgTjl
cemlZbgbjTalj@\a\fgXefgj\X
FceTj\XW_\jbŬV\ jcebjTWmT
m`\Talj>bWX^f\X^Teal`>b
WX^f\Xjl^ebVmXş>bWX^f\Xcb
fgōcbjTa\T^TeaXZbbeTmjCeT
j\XbehV[hWebZbjl`!6bceb
cbah]XeXfbegfceTj\XW_\jbŬV\2
C\]Tal_hUbWhembalaTe^bgl
^T`\fceTjVTŬ`\XegX_aXZbjl
cTW^h_hUcbjbWh]ŀVXZbV\ōƁ^\X
hfm^bWmXa\T V\TT c‰]Wm\X
Wbj\ōm\Xa\TaTVbaT]`a\X]%_T
gT!>TeTa\XUōWm\X`bZTmbfgTŃ
mTj\XfmbaT!7m\ŬWb_aTZeTa\VT
^TelcemlgT^\`cemXfgōcfgj\Xgb
mT_XWj\X,`\Xf\ōVlcbmUTj\X
a\Tjb_abŬV\Tjleb^Wbeb^h
j\ōm\Xa\T`bƁaTmTj\Xf\Ń!
BeZTalŬV\ZTa\T\fŀWlWb
fgTaŀjlfgTeVmT]ŀVlVmTfUl
f^hgXVma\Xjl`\XemlŃfceT
j\XW_\jbŬŃ fceTjVl jl^eb
VmXşWebZbjlV[!5ōWŀf\ōbaX
cemXWTja\TŃ j fceTjTV[
j^g‰elV[jfmVmōgbcbfgōcb
jTa\XWbc\XebcbgemXV[_TgTV[
bW`b`XaghcbcXa\Xa\TVml
ah!7m\ŬcemXWTja\Xa\XaTfgō
ch]X]hƁcbWj‰V[_TgTV[ac!
jcemlcTW^hfceTjlÇ9ebZTº
cemXWTja\Xa\X^TeT_abŬV\jl
^ebVmXşaTfgŀc\bcbjlWTa\h
jleb^hf^Tmh]ŀVXZbjc\Xej
fmX]\afgTaV]\TcemXWebmcbmaT
a\X`TcX_TV]\cemXmfŀWbWjb
TjVml\ha\X`bƁ_\j\bhceT
jb`bVa\Xa\Xf\ōgXZbjleb^h!
>gbUōWm\X^\XebjTfT`b
V[bWX`V[bŃmTUeTab`hceT
jb]TmWlWXVlm]ŀTW`\a\fgeT
Vl]aŀ aTeTm\ f\ō a\X gl_^b
aT^TeōWbWj‰V[_Tgj\ōm\Xa\T
gT^]T^bUXVa\XjceT^glVXfŀ
WlemTW^b]ŀbemX^T]ŀT]XŬ_\]hƁ
·gbaT]VmōŬV\X]jmTj\XfmXa\h!
BUbj\ŀm^bjbmbfgTa\XbemX
Vmbal j fgbfha^h Wb a\XZb
cemXmfŀWmT^TmcebjTWmXa\T
cb]TmW‰jbWeb^hWb$(_Tg!
>gbmT`\XfŀWbjlmT^Tmceb
jTWmXa\Tcb]TmW‰jmbfgTa\X
f^TmTalaT^TeōaTjXgWb(_Tg
j\ōm\Xa\T!7m\Ŭ·Wb&_Tgj\ō
m\Xa\T!
>\XebjVT^g‰elŬj\TWb`\X
m`hf\cb_\V]ōWbcbŬV\Zh\V[VŀV
hV\XVa\XmTgeml`Tf\ōcb`\`b
flZaT‰jŬj\Xg_alV[\Wƀj\ō
^bjlV[meTW\bjbmhcbcXa\
cemXfgōcfgjbmTZebƁbaX^Teŀ
Wb(_Tgj\ōm\Xa\T!FŀWbU_\ZTgb
el]a\XmT^TƁX`hcebjTWmXa\T
cb]TmW‰j aT b^eXf bW eb^h
Wb$(_Tg!7m\ŬaTjXgaT]UTeWm\X]
UeTjhebjThV\XVm^TfgjTemT
]ŀVT bZeb`aX mTZebƁXa\X
aTWebWmXgeT^gbjTaT]Xfg]T^
jl^ebVmXa\XmT^g‰eXZebm\mT
_XWj\XZemljaT_hU^TeTTeXfm
ghWb&#Wa\!CemlbemX^Ta\h
jfceTjTV[bcemXfgōcfgjTWeb
ZbjXfŀWlUōWŀbU_\ZTgbel]a\X
cbj\TWT`\TaX b jVmXŬa\X]
fmlV[h^TeTa\TV[bf^TeƁbaXZb
mTjl^ebVmXa\TjehV[hWebZb
jl`beTmVmlmTgeml`ljTab
`hjcemXfmbŬV\ceTjb]TmWl!
7bfgTaŀ\aYbe`TV]XaTgXagX
`Tg bW cb_\Vl]aX] WebZ‰j^\
`TaWTglcha^gl^TeaX\gc!
\mVXageT_aX]Xj\WXaV]\^\Xebj
V‰j!BUXVa\Xa\X`TgT^\XZb
bUbj\ŀm^hVbfceml]TjlWTjT
a\hTZbWalV[jleb^‰jjbUXV
abgbelVmalV[c\eTg‰jWebZb
jlV[ZWlƁfŀWlaT]VmōŬV\X]a\X
j\XWmŀbWbglV[VmTfbjl`T
`Ta\hcemXc\f‰jcemXmgT^\X
bfbUl!i
p
$+""fgebaT
$+""glZbWa\^
FCBEG
CTegaXemljlWTa\T
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
ATcTfga\^mV[TeT^gXeX`
7Te\hfm=TV[ab
fcbeg3Zf%'!c_
JgXZbebVmaX]XWlV]\beZTa\mb
jTaX]cemXmMTV[bWa\bcb`be
f^\Mj\ŀmX^C\^\AbƁaX]\>bfmT
_\şf^\B^eōZbjlMj\ŀmX^C\^\
AbƁaX]jfc‰_a\XmÇ:bfX`º
beTm cbegT_X` ?\Zbj\XV!aXg
Fml`bamXUeTjeljT_\mTV]\
c\^Temlm_\Z\b^eōZbjX]TƁ'*$&
cha^g‰j!FaT]cXe6[X`\^Tjl
cemXWm\5TegbfmT@T_VmXjf^\X
ZbbU_\f^bc‰glf\ŀVT!
<<_\ZTVmX^T
=XfgX`cemX^baTalƁXFml
`bageTY\]XfmVmXWbmTjbWb
jXZbYhgUb_h!@bƁXWbX^fgeT
^_TflUōWm\X`hgehWabf\ōmT
TcTŃT_XaTZeōaTceml^TW
jgT^\V[WehZb_\ZbjlV[5ō^\g
alV[FgTeZTeWfgTŃZbaTcXj
ab · `‰j\ @TV\X] @TgXş^b
h^g‰eXZb>TcX_hfmgeXabjT
jeXmXejTV[CbZba\FmVmXV\a!
>TcX_hfm]XfgjlV[bjTa
^\X`FgT_\FmVmXV\a!7bcXjaX
Zb`b`Xagh]XZb^Te\XeTebmj\
]TT f\ō jeōVm `bWX_bjb!
Jj\X^h$)_TggeTY\WbmXfcbh
fXa\be‰j! :eT]ŀV j <I _\WmX
fgemX_T UeT`^\ W_T X^\cl
m5TaWhef^\XZb!·GT^\gT_Xaga\X
`‰Zh`^aŀŃhjTWmXf^Thg‰j
CbZba\!7hƁŀeb_ōjŬV\ŀZa\ōV\h
ZbaTGjTeWbjf^\XZbbWXZeT
4WT`:bhUbjf^\·jfcb`\aT
@TgXş^b!FgT_a\XV[V\TT]XWaT^
_X^^ŀeō^ŀcbmUlŃf\ōfjb]XZb
hgT_XagbjTaXZbjlV[bjTa^T!
CbfgTj\TgehWaXjTeha^\^g‰
eXCbZbşbfgTgXVma\XmWXVlWb
jTf\ōfcXa\Ń!
Jj\X^h$+_Tg>TcX_hfmgeT
Y\WbCbZba\!MT\agXeXfbjTa\X
jleTm\a\`@TeV\aFTfT_j‰j
VmTffm^b_Xa\bj\XVCbegbjV‰j!
·<`cbabjTfmlU^bŬV\ŀ!JU\X
ZbjlV[cb]XWla^TV[UlW_T
bUebşV‰ja\XWbcbjfgeml`T
a\T! CT`\ōgT` ]XZb WXU\hg
j6XageT_aX]?\WmX=ha\be‰j!Cb
ZbşmeX`\fbjTTmCb_ba\ŀJTe
fmTjT &-& T Fml`ba mWbUl
Wj\Xc\ō^aXUeT`^\cb^_TflVm
alV[^bageTV[·`‰j\@TgXş^b!
7bUeXjlfgōcljWehƁla\X
]ha\be‰jfceTj\lƁX>TcX_hfm
9BG!F854FG<4AJBBFM
gCeTj\Xc\ōŃglf\ōVlZbf‰jmTFml`baX`>TcX_hfmX`gATcTfga\^6[X`\^TCb_\VXjlZeT
jc_XU\fVlV\XaTaT]cbch_Tea\X]fmXZbc\^TemT_\Z\b^eōZbjX]g:eTVmTfcbg^TTebWm\aaTgeTZXW\T
j ?\`\gcXV[T]hżjlVmXecTX` `‰j\Fml`ba>TcX_hfm
geTY\WbWehƁlaleXmXejCbZb
a\! Bgeml`T gXƁ cbjbTa\X
WbeXceXmXagTV]\Cb_f^\H $,!MT
WXU\hgbjTjU\Tb VmXejbalV[
UTejTV[ ZeT]ŀV m 6lceX`!
ATja\bfX^‰jVmXfaXZbgeXaXeT
X^fgeT^_TfbjX]CbZba\4egheT
F^bjeba^TmbfgTj\bfaŀmZb
fmbalWbX^fgeT^_Tfl!JaT]jlƁ
fmX]^_Tf\XebmZelj^bjX]]XWaT^
a\XmTZeT!F^bjebaX^mbfgT
mjb_a\bal j ]XZb `\X]fVX
Wb ^_hUh cemlfmXW 7Te\hfm
JWbjVml^!
JWbjVml^a\XbWfgemX_\
JWbjVml^`\T^ba^eXgaXmT
WTa\X]T^\`Ulbhgeml`Ta\X
mXfcbhjX^fgeT^_Tf\X!Jfmlfg
^bUlbcbWcbemŀW^bjTaXgX
`hVX_bj\\jVT_Xa\XWm\j\ō
f\ōƁXa\XX^fcXel`XagbjTmX
f^TWX`! 7XU\hgh j c\Xej
fml`mXfcb_Xf\ōa\XWbVmX^T
X`\ a\X`bZX`f\ōgX`hWm\
j\Ń `‰j\>TcX_hfm!
JWbjVml^ a\X bWfgemX_\
`bWXZbc\^TemT!7bŬj\TWVmb
alfm^b_Xa\bj\XVfmh^TW_Ta\X
ZbabjXZb`\X]fVTaTUb\f^h!
:Wl jlWTjTb f\ō ƁX
jfmlfg^b\Wm\XjWbUel`^\X
eha^haTc\^TemTfcTWTebWm\a
aT geTZXW\T! AT]c\Xej aTZ_X
m`Te`hgTgTTgeml`\Xf\ŀVX
c‰ƀa\X]`T`TmTcTWTjŬc\ŀVm
^ōj^g‰eX]maT]Wh]Xf\ōWbWm\Ŭ!
·GbUlceTjWm\jlfmb^!Fml
`bacemXƁlUTeWmbV\ōƁ^bhgeT
gōgTgl\V\ōƁ^ŀV[bebUō`T`l!
JVT_Xa\XWm\j\ōf\ōƁX`\T
WbŬŃc\^\!GbƁX]T^bŬWbfmXW
Wbf\XU\XZeTa\VmlmVhWX`!4_X
gbV[bcT^mjl]ŀg^bjb`bV
al`V[TeT^gXeX`·cemlmaT]X
@TgXş^b!
Cb`bVaŀWbşjlV\ŀZaōT
Wbc\^TemTCbZbş!>_hUmWXVl
WbjTf\ōcbWc\fTŃmFml`b
aX`aTgeml_TgTcebYXf]baT_al
^bageT^g!·@hfmōcemlmaTŃƁX
:emXZbemF`b_almTV[bjTf\ō
jgXWlmWhƁŀ^_Tfŀ!CemlmaTƁX
a\Xj\XVml>TcX_hfmUōWm\X
jcemlfmbŬV\X^fgeT^_Tfbjl`
c\^TemX`T_Xj gT^\X]geTZXW\\
a\X`bƁaTZbmbfgTj\ŃfT`X`h
fbU\X!<CbZbşcbWc\fTTma\`
^bageT^g·jfcb`\aT@TgXş^b!
Fml`ba WhZb WbV[bWm\
Wbf\XU\X!FlghTV]Tj]T^\X]f\ō
maT_Tm`hf\TT`\XŃbWU\V\X
j]XZbY\mlVmaX]\cflV[\VmaX]
Ybe`\X!FmTafTaTWXU\hgjX^
fgeT^_Tf\Xf\ōbWWT_TT!C\^TemT
jlcbƁlVmbab Wb 6[X`\^T
ZWm\Xj<<<_\WmX`\Tf\ōc\^Te
f^b\cflV[\Vma\XbWUhWbjTŃ!
JhU\XZl`fXmba\Xje‰
V\X`aTGjTeWbjf^\XZbTUl
cb`‰V geXaXebj\ F\^bemX
jhgeml`Ta\heXmXejj<<<_\
WmX!6X_hWTbf\ōmeXT_\mbjTŃ!
GeTY\X`cbabja\XWb6[X`\
^T! CbWbUT]ŀ `\ f\ō c_Tal
cb_\V^\XZb^_hUh!6[VōghZeTŃ
\ghgT]bWUhWbjTŃfjb]ŀYbe`ō
·`‰j\>TcX_hfm!
Cb]Xf\Xa\m$&geTY\Xa\T`\]Xfg
aT]_Xcfml`faT]cXeX`j_\WmX!
· GXa cbm\b` ]Xfg W_T a\XZb
mTa\f^\·mTcXja\T@TgXş^b!
·@bƁaTUlcb`lŬ_XŃƁXZeT
jb^eōZ‰jVXgbcemlfbj\bjT
Uh^Tm`TfX`!JVT_XgT^]XW
aT^ a\X ]Xfg! C\^TemX
mb^eōZ‰j^\UTeWmbVmōfgbcemX
jlƁfmT]ŀT`U\V]T`\mTjbWbj
V‰j!C‰^\`T]ŀf\ōgbjT_Vmŀ
\U\XZT]ŀWbhcTWXZb!GT_\ZT`T
fjb]ŀfcXVlY\^ō!:WlZeTX`
fcTe\aZ\jc\Xejfml`mXfcb_X
CbZba\eljT_XjVT_XgT^WhƁb
a\XU\XZT_\!BVmlj\ŬV\XgX`cb
fcTWTm^TƁWŀ`\ahgŀ!MTcXjaX
W_TgXZbfcbebUeT`X^mWbUlX`
j^bşV‰j^TV[·`‰j\Fml`ba!
Jfmlfg^bcemXWa\`
·@T`aTWm\X]ōƁXmWbUlgl`\
UeT`^T`\ cemlcb`\aT` f\ō
Wm\TTVmb`^_hU‰j!JgX]V[j\
_\`hfmō]XWaT^`lŬ_XŃgXƁbY\
aTafTV[!HVmōf\ōjceljTgaX]
fm^b_XaT^\Xeha^hTW`\a\fgeT
V]\!@hfmōf\ōfT`hgeml`TŃ!4_X
a\XaTemX^T`gba\X_XƁlj`b
]X]aTghemX!HjTƁT`ƁX_\`\g
cXV[T]hƁjlVmXecTX`!GXeTm
`bƁX UlŃ ]hƁ gl_^b _Xc\X] ·`‰j\mTjbWa\^!JmjlV\ō
fgj\Xjc_XU\fVlV\Xcb`bZT
`h Wm\XjVmlaT J\b_XggT! ·Fjb]XmebU\_\gT^ƁX]X]ebWm\VX!
7hƁlhWm\T`\TT`b]Tf\bfgeT
>TgTemlaT\maT]b`\!GemlZeb
fmXWbemhV\gXƁ^_hU·WbWT!g
6[X`\^jT_VmlaTgemXV[YebagTV[
F\Tg^‰j^T
FXUTfg\TaFmVmlg^bjf^\
fXUTfg\Ta!fmVmlg^bjf^\3Zf%'!c_
MU_\ƁTf\ō_hgl^g‰elj cbcemXW
a\`eb^hUlaT]Zbefml``\X
f\ŀVX`W_T6[X`\^TCb_\VX!MX
fc‰`\TaT^baV\XWj\XcbeTƁ
^\jBe_Xa?\WmXm<`cX_X`
JebVTj \ 5>F CebY\ 6eXW\g
5\X_f^b 5\TTTgT^ƁXbWcTW
m?\Z\@\fgemlşjf^hgX^cemX
ZeTaXZb
Wjh`XVmh
m9XaXeUT[VXFgT`Uh!
FXe\Ta\XcbjbWmXşWbceb
jTWm\T Wb m`\Tal geXaXeT!
:\hfXccX6hVVTe\a\XZbmTfgŀc\
WbglV[VmTfbjlTflfgXag=T^hU
:hfmT^!EbVma\VōfT`bWm\X_
aX]ceTVlfm^b_Xa\bj\XV`bƁX
bUV[bWm\ŃUXmcbeTƁ^\aT^eT]b
jl`cbWj‰e^h!:hfmT^^eb
VmlbUXVa\XcbWehZ\X`\fgemb
fgjb\ChV[TeCb_f^\!
Cb_\VmTa^\jlZeTlbfgTga\
`XVm j Be_Xa ?\WmX &-#
m7XiX_bceXfX`F^lEXfEmX
fm‰j!JƁTWal`fXV\Xa\Xcbm
jb_\eljT_^b`aTcemX^ebVmX
a\XZeTa\Vl%#cha^g‰jTcemX
V\XƁemXfmbj\Ta^\ceXgXaWh]ŀ
WbmWbUlV\T`XWT_\aT^ba\XV
fXmbah!6[X`\^]Xfg_\WXeX`
mcemXjTZŀVmgXeXV[cha^g‰j
aTW <`cX_X` JebVTj \ `T
]XfmVmXmT_XZl`XVm!
<`WhƁX]gejTfXmbagl`
j\ōVX]ZeT`l`XVm‰jTcemX
V\ja\Vl`T]ŀj\ō^fmŀbV[bgō
aTcb^baTa\XaTf!6[VŀUlŃ
gl`c\Xejfml`^_hUX`^g‰el
mTgeml`T 6[X`\^T W_TgXZb
`hf\`lUlŃcbWj‰]a\Xf^ba
VXagebjTaX\m`bgljbjTaX
mTmaTVmT>TgTemlaT:T]ZT
4a\bŬebW^bjT6[X`\^T!
Cb_\VmTa^\ eljT_\mh]ŀ TƁ
aTgemXV[YebagTV[!7b$)mjl
V\ōfgjjBe_Xa?\WmXWbbƁll
a\XWTjabjlZeTaŀ&-#m>F
6b``XeVXVba‰Wƀ^g‰eTWTT
TjTafWbŃj\XeŃY\aThChV[Teh
Cb_f^\!FŀgXƁj?\WmX@\fgemlş!
A\X`bƁX`ljlU\XZTŃ`l
Ŭ_T`\ aTjXg b ]XWXa `XVm
WbcembWhT`hf\`l^baVXa
gebjTŃf\ōaT^TƁWl`^b_X]
al`aTjXg]XŬ_\cbeTƁ^Tjch
V[TemX`bZTUl`\XŃjlfb^ŀ
VXaō! @hf\`l cbWV[bWm\Ń
Wbjfmlfg^\XZbaTV[bWab!A\X
`bƁX`la\VcemXZTc\ŃƁXUl
c‰ƀa\X]a\XƁTbjTŃ WbWT]X
:T]ZT 4a\b!
7bglV[VmTf6[X`\^a\Va\X
cemXZTc\!CemXWa\`fbUbga\
`XVm_\Zbjlm>FMBjBfgebj
VhTjcba\XWm\TX^Ńj\XeŃY\
aTchV[TebjlV[m`TZTşVml
_\fcbg^Ta\XmJ\fŀjJTefmT
j\X!FgbXVmaTWehƁlaT cb
WbUa\X]T^6[X`\^·]Xfga\Xcb
^baTaT gl_X ƁX aT WehZ\`
fmVmXU_hebmZeljX^!
A\XfcbWm\XjTlŬ`lf\ōƁX
J\fTTjTafh]XWbŃj\XeŃY\aT
h! AT cXjab Wm\XjVmlal
mJTefmTjlUōWŀV[V\Tlcb^T
mTŃƁXfgTŃ]XaTj\X_XT`lUō
Wm\X`lV[V\Tl^baglahbjTŃ
aTfmŀcTffō!BfgTga\baTfmTYbe
`TfmTjZ‰eōj\ōVmT`\XemT
`lcbmbfgTŃaTYT_\ mTcbj\TWT
>TgTemlaTMTebŬ_\şf^TTgT^h
]ŀVTmXfcbh!i
CTegaXemljlWTa\T
j 4WT`9eĻVmVmT^WehZ\eb^m emňWhmbfgT
hmaTalC\^TemX`Eb^hcemXm^Tc\ghňc_XU\fVlgh
fgebaT""$,
glZbWa\^""$,
9BG!F854FG<4AJBBFM
FCBEG
9BG!F854FG<4AJBBFM
9BG!F854FG<4AJBBFM
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*
jGb`TfmCTaTfj\VXceXmXf:ehcl4mbglM6[
Cb_\VX!9\e`TmbfgTT@XVXaTfX`Fcbegh
j4^gbemlmgXTgehFghW\b5hYYbmTUTj\T_\chU_\VmabŧľcbWVmTfZT_\C\^TemEb^hjl^baTa\X`
e‰żalV[hgjbe‰j`hmlVmalV[mj\X_hWX^TWKK\KK<j\X^h
j7Ta\X_@Tľ^\Xj\VmmCbZba\·#'FmVmXV\a
mbfgTaT]cbch_Tea\X]fml`YhgfT_\fgĻeb^h
C_XU\fVlgC\^TemEb^hebmeTfgTf\ōm^TƁWŀXWl
V]ŀ!<`ceXmōcbeTm^b_X]albeZTa\mbjT_\Ç:bf
FmVmXV\şf^\ºMTV[bWa\bcb`bef^\Mj\ŀmX^C\^\
AbƁaX]beTmcbegT__\Zbj\XV!aXg!MTaT`\Y\aTmT
UTjlVml_\ZT_TbeTm5T_C\^TemT^g‰eXbWUll
f\ōj[bgX_h7bUbfmjCb_\VTV[!
9hgUb_bjXŬebWbj\f^ba\XmTj\bWb!JmTfT
Wm\Xgl_^bWj‰V[_TheXTg‰ja\Xcb]Tj\bf\ō
aTZT_\UlbWXUeTŃaTZebWō!EXfmgTf\ōfgTj\T
V[bŃgemXUTcemlmaTŃƁX`a\X]mXfgeXfbjTa\jl
Z_ŀWT]ŀaTUb\f^h!C\^TemXc\^Te^\YhgfT_\ŬV\
WbŬŃ`bVabWXaXejbjT_\f\ōcbWVmTfbWU\XeT
a\TaTZe‰WT_XgXƁa\XmTjfmXfŀWbgXZbcemlm
jlVmT]Xa\!JZbfbjTa\h^\U\V‰jcTWleX^be
WbjX_\VmUl )#glf\ōVlZbf‰jcemXbƁlbf\ō
aT$)#glf\ōVlcha^g‰j!Cbj\ō^fml_\Ŭ`lZebab
^TgXZbe\\aT^g‰eXYTa\`bZ_\bWWTjTŃfjb]Xgl
cl!>Tc\ghTjle‰Ɓa\TTjfjb\V[^TgXZbe\TV[!
BfgeXf\XfVXa\Vmal`hVmXfga\VlmTcb`a\X_\]hƁ
cbZbWm!%%ZWlmTVmōlf\ōgTşVX!i
@6
j:Wlgl_^bebmWTabaTZebWlbW^\U\V‰jZWlgl_^bjeňVmbabjle‰ża\Xa\TbW^Tc\ghl
c_XU\fVlghcTe^\Xgcb_\V^\XZb[bgX_h7bUbfmmTcXa\f\ňj^\_^TV[j\_\ebmcbVmňgb5T_C\^TemT
9BG!F854FG<4AJBBFM
9BG!F854FG<4AJBBFM
jGlV[cTa‰jaTZT_\jCb_\VTV[maT_\cXja\XjfmlfVl!BW_XjX]-Gb`Tfm<jTa=Ta5XWaTeX^
CTjX=TaTfJT_WX`Te8V[ThfgFgXYTa@T]Xjf^\
9BG!F854FG<4AJBBFM
9BG!F854FG<4AJBBFM
ATfmXc\^Tef^\X
ŧebWbj\f^b
cbgeTY\f\ňUTj\ľ
j:ehcbjXmW]ňV\X_TheXTg‰jZbfbjTa\T^\U\V‰jbeTmjle‰ża\balV[cemXm^Tc\ghň!C_XU\fVlg
C\^TemEb^h%#$)bY\V]T_a\XmT^bŚVmbal!ATfgňcaTXWlV]T`T`\Xľ]XfmVmXj\ň^fmlebm`TV[
%#""fgebaT
%#""glZbWa\^
E8>?4@4
CTegaXemljlWTa\T
:bfCb_\V
C\ĻgX^%*fglVma\T%#$*