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‘The American Dream is a farce’: US readers on the financial stress delaying milestones | US economy

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Americans are getting married, having kids, buying a home, and retiring years later than what once was the norm. Many don’t ever reach these milestones.

While there is a complex web of factors that go into decisions like having kids or buying a house, a person’s financial situation often plays an major role. In a May Harris/Guardian poll, six out of 10 Americans said that the economy had affected at least one of their major life goals, because of either a lack of affordability or anxiety about where the economy is heading.

The Guardian heard from hundreds of readers who shared their stories about how the current economic and political climate has put some of their biggest life decisions on hold.

For Martha Knight, the idea of having kids has been a complicated one. In terms of finances, home ownership seems far out of reach. Home prices in Louisville, Kentucky, have soared over the years. While prices are cheaper outside the city in more rural areas of the state, a move would affect their jobs in education and healthcare.

Illustration: Ulises Mendicutty/The Guardian

And both Knight and her husband have student loan debt. Instability around forgiveness programs have made them question how long it will take them to pay off their debt.

“We made peace with the fact that we will probably rent our whole lives, and we’re OK with that,” Knight, 34, said. “That’s where we are.”

Besides owning a home to raise a family, there are also deeper questions: What would it be like to raise a child in the world we live in now?

It’s a hard question for Knight, who is from eastern Kentucky along the Appalachian mountains. Kentucky is her home state, it’s where she and her husband grew up. But she doesn’t see it as a place where she can raise a family.

In 2023, the US fertility rate dropped to its lowest point in almost a century.

“We are one of the highest states for child hunger, for the foster care system, things like that,” Knight said. “If we ever have a child, if we are fortunate enough for that to happen, we are really hoping to give them a better future. We want them to grow up with the idea of possibility. As the state is currently, Kentucky doesn’t offer that.”

Anxiety about the future didn’t start under Trump’s second administration. The pandemic threw the economy into a tailspin. While the stock market soared, inflation hit a generational high in 2022, and Americans are still feeling the pain of higher bills. And even though mortgage rates have climbed with higher interest rates, housing prices still remain at record highs.

In other words, it’s been hard to catch a break. Although Trump promised to provide economic relief, the administration has caused widespread uncertainty for some respondents with his erratic tariff policies and attacks on minority groups and reproductive rights.

Danielle, 35, who requested to be identified by her first name only, said that she’s held off on buying a home and having kids given the instability.

“I love the community I built here, but as a queer person, I’ve been hesitant to buy a home and even have kids due to rigid abortion bans and economic instability,” said Danielle, who currently lives in Austin, Texas. “This is no longer the country I knew nor grew up in. The American Dream is a farce.”

While student loan debt has been a huge barrier to home ownership for many millennials, the Save plan, the Biden administration’s hallmark loan forgiveness program, allowed Stephen Buechel-Rieger, 32, of Cincinnati, Ohio and his partner to purchase their first home.

Illustration: The Guardian

Their goal was to eventually purchase a larger home to accommodate a growing family, but “we have been delaying moving from our first home to our forever home,” Buechel-Rieger said.

“Now because of the increase in student loan payments, uncertainty of the future of the Public Service Loan Forgiveness program, stubborn interest rates and uncertainty in the medical field, we cannot take the financial risk,” Buechel-Rieger said.

High home prices don’t just affect millennial buyers. William Pollard Jr, 71, said he and his wife have been wanting to move out of Florida to live closer to family, but prices have been too high to buy a new home.

“With the stock and bond markets bouncing everywhere, we cannot put together an account to buy a house elsewhere. The markets need to be stable, so we can build more wealth,” Pollard said. “I am very frustrated at having to put a major goal on hold for who knows how long … I am getting no younger. We want to live the rest of our years near family and friends.”

Many Americans also said that they were holding off on big purchases, which may not appear to hold the weight of major life decisions, but also play a huge role in people’s lives.

Illustration: The Guardian

Hunter Gale, 39, of Kansas City, Missouri, said his wife is expecting in September, and the family is hoping to purchase a car that will be safer for their new baby. Uncertainty around tariffs, along with the higher cost of baby products, have made it harder to get a better car.

“While we are fortunate to have stable jobs and a home that can fit our expanding family, it is stressful knowing costs for essentials for our baby will be higher,” Gale said.

When people buy homes and have kids later in life, that often pushes up the retirement age. It’s no surprise, then, that the average age of retirement was 62 in 2024 – five years older than what it was three decades ago. And many Americans continue to hold it off because of economic anxiety.

Swantje Agápe, 57, of San Jose, California, said that she and her husband were looking to retire in the next year, but “politically and economically things are too unstable”.

“We are no longer confident that three retirement funds and plans we have will be sufficient,” Agápe said. “We are both feeling quite sad and frustrated. After working hard all our lives, we were both really looking forward to an early-ish retirement.”

Diane Alaine Bates, 65, of Kenmore, Washington, said that she similarly had been delaying retirement for months because of the instability.

“I’ve been scared since the election that tariffs will cause a recession,” Bates said. “I need to know if my 401(k) is going to be stable enough to retire.”

People delaying these major life decisions don’t just affect individual lives. On a societal level, the impacts are huge. When people retire later, that leaves less room for younger workers to move up in the workforce. When birth rates drop, it can lead to an ageing population that puts a strain on the healthcare system.

And philosophically, it seems to raise questions about agency and freedom. What happens when people feel like larger political and economic forces are controlling their lives?

For some, the solution is to leave. Many told the Guardian that they were making plans to leave the country, but for those who don’t have foreign passports, crossing state lines appears to be the next best option.

Knight said that she and her husband plan to leave Kentucky for Washington state, which they hope will be a better environment for their family.

“We have specifically chosen a blue state that offers some social safety nets. In Washington, they have state paid parental leave, you know, things that will help us hopefully find our feet,” Knight said. “It’s the choice of: do we stay? Do we stay with our community? Do we stay with our families? Or, for our future, do we move and give ourselves a better chance?”



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I Landed a Job at an AI Startup. Here Are My Tips for Working in AI.

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This as-told-to essay is based on a conversation with Lambert Liu, a software engineer. The following has been edited for length and clarity. Business Insider has verified his employment and academic history.

For most computer science graduates, it’s a no-brainer to work for Big Tech.

Most of my classmates were drawn to Big Tech companies like Google, Meta, and Amazon because they promised prestige, stability, and a structured career path.

But I found myself falling into a second group of college students, one that actively seeks job opportunities at startups for the steep learning opportunities and potential equity upside if the startup goes public.

I reached that decision after doing internships in both Big Tech and startups.

I did two internships at Google during my sophomore and junior years in college.

When I interned at Google for the first time, I really liked it. But when I went back for a second round, I thought my growth there was plateauing. I didn’t see myself working there in the long term.

At the end of my junior year, I did an internship at Replit, an AI software development startup. That experience was refreshing because I got to lead impactful projects. I realized I wanted to work at a startup, and that led me to my first job at Graphite, an AI code review platform.

Here are the top tips I have if you want to land a job at an AI startup.

Big Tech experience helps

If you are like me and want to give startups a shot after interning only at Big Tech, don’t worry. You don’t need past internship experiences at startups to work at one.

Interning at a Big Tech company helps demonstrate to employers that you have a strong overall technical foundation. You will know how to do great technical design and great testing. Your stint with Big Tech tells recruiters that you are capable of writing clean code and shipping reliably.

It’s good to have startup experience because you will be more used to dealing with ambiguity and thinking quickly on your feet. But that can be easily solved by working on your own personal projects, which takes me to my next point.

Build more projects

I personally worked on a lot of passion projects in my downtime when I was not working. Working on those projects not only developed my skills, but it also helped strengthen my approach toward solving problems.

In fact, those projects do not have to be AI-related. You can use AI tools to amplify your productivity as an engineer, but you should not limit yourself to just working on AI projects.

Building AI projects also isn’t a prerequisite to working in an AI startup. They generally look for great engineers, and whether you build projects with AI or not, there are many ways to demonstrate your thinking and technical skills.

LeetCode still matters, but not as much

Solving algorithmic and coding problems on LeetCode, an online learning platform, still matters when you are preparing for technical interviews at startups.

That said, there’s a lot more emphasis on one’s ability to deal with ambiguity and tackle non-technical areas like product thinking. This is especially the case since every engineer can use AI to write code.

Working on your own projects will help you strengthen your problem-solving skills. Having to build something new forces you to develop your perspective and taste for approaching problems, which will help you better handle the interview.

Get good at system design thinking

My job interview at Graphite was the first time I was ever asked about system design. That is not usually asked of new graduates. When it comes to system design, companies assess not only your technical skills but also your approach to problems.

I learned a lot about system design thinking when I took a course on human-computer interaction in college. I learned how to scope problems and then build a technical foundation to solve them. The course also gave me some hands-on experience when I built a project.

Foundational courses like algorithms and data science are important, but going into areas like human-computer interaction will be useful when you start interviewing.

Be a holistic engineer

If you want to excel at a startup, you must strive to be a holistic engineer above all else. You need to work at a fast pace. And on top of that, you have to show that you really care about your users.

You can start doing that now when you are interning. Show your bosses that you really care about your craft and want to make the best possible product.

Take ownership of your work as much as possible. At AI startups like Graphite, we move fast, so we are looking for hires who can cope with that velocity and produce high-quality work.

Do you have a story to share about working at an AI startup? Contact this reporter at ktan@businessinsider.com.





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Farmers are being squeezed – it’s testing their loyalty to Trump

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Luke MintzBBC News and

Anna JonesPresenter of Corn Belt People

BBC House that says Vote Trump on a farmBBC

On a scorchingly hot day in the American Midwest, Tim Maxwell is voicing his fears about the future of farming.

The 65-year-old has worked the fields since he was a teenager. He now owns a grain and hog farm near Moscow, Iowa – but he’s unsure about its prospects.

“I’m in a little bit of a worried place,” says Mr Maxwell, who wears a baseball cap bearing the logo of a corn company.

He is concerned that American farmers aren’t able to sell their crops to international markets in the way they could in previous years, in part because of the fallout from President Trump’s tariffs.

“Our yields, crops and weather are pretty good – but our [interest from] markets right now is on a low,” he says. “It’s going to put stress on some farmers.”

Bloomberg via Getty Images A sign saying Farmers for Trump with a US flag in a cornfieldBloomberg via Getty Images

American farmers are facing widespread difficulty this year, in part due to economic tensions with China

His fears are not unique. US agricultural groups warn that American farmers are facing widespread difficulty this year, mostly due to economic tensions with China. Since April, the two countries have been locked in a trade war, causing a sharp fall in the number of Chinese orders for American crops.

American farmers are wounded as a result, economists say. The number of small business bankruptcies filed by farmers has reached a five-year high, according to data compiled by Bloomberg in July.

With all this economic pain, rural areas could well have turned against Trump. But that doesn’t seem to be happening.

Rural Americans were one of the president’s most loyal voting blocs in last year’s election, when he won the group by 40 percentage points over Kamala Harris, beating his own margins in 2020 and 2016, according to Pew Research analysis.

Polling experts say that in the countryside, he is still broadly popular.

A man with a beard wears a cap and stands in the foreground of a state fair

‘I’m in a little bit of a worried place:’ Tim Maxwell owns a grain and hog farm near Moscow, Iowa

Mr Maxwell says he is sticking with Trump, despite his own financial worries. “Our president told us it was going to take time to get all these tariffs in place,” he says.

“I am going to be patient. I believe in our president.”

So why do so many farmers and other rural Americans broadly continue to back Trump even while feeling an economic squeeze that is driven in part by tariffs – the president’s signature policy?

Farmers on a ‘trade and financial precipice’

If you want a window into rural America, the Iowa State Fair is a good start. The agricultural show attracts more than one million visitors over 10 days.

There is candy floss; deep-fried hot dogs on a stick for $7 (£5) – known as “corn dogs”; an antique tractor show; a competition for the biggest boar.

But when the BBC visited last month, there was another topic of conversation: tariffs.

Anna Jones holds a corn dog, beside a colourful stand selling corn dogs

Anna Jones at the Iowa State Fair where there was much talk about the impact of tariffs

“A lot of people say he’s just using tariffs as a bargaining chip, as a bluff,” says Gil Gullickson, who owns a farm in South Dakota and edits an agriculture magazine.

“But I can say: history proves that tariffs don’t end well.”

In April, what he termed “liberation day”, Trump imposed sweeping tariffs on most of the world, including a 145% tariff on China.

In response, China put a retaliatory 125% tariff on American goods – a blow to farmers in the American Midwest, sometimes known as the “corn belt”, many of whom sell crops to China.

Last year Chinese companies bought $12.7bn (£9.4bn) worth of soybeans from America, mostly to feed their livestock.

September is harvest season, and the American Soybean Association (ASA) has warned that soybean orders from China are way below where they should be at this point in the year.

Fairground rides at the Iowa State Fair

The Iowa State Fair attracts more than one million visitors over 10 days

Tariffs have fluctuated dramatically since they were introduced – and the uncertainty is proving tough for farmers, says Christopher Wolf, a professor of agricultural economics at Cornell University.

“China is just so big that when they buy things, it matters – and when they don’t, it matters.”

The cost of fertiliser has rocketed, too – partly because of trade disputes with Canada, which has raised the cost of potash, a salt imported from Canada by American farmers and used in fertiliser.

Jon Tester, a former Democrat Senator of Montana, who is a third-generation farmer, told a US news station earlier this month: “With all these tariffs the president’s put on, it’s interrupted our supply chain… it’s increased the cost of new equipment… and because of the trade and tariffs, a lot of customers have said to heck with the United States…

“The people who are new to agriculture, those young farmers who haven’t saved money for times like this, they’re going to be in trouble and a lot of those folks are going to go broke.

“And if this continues, a lot of folks like me are going to go broke too.”

Sign with Trump and Vance on it that says Iowa is Trump Country

Farmers in the American Midwest, sometimes known as the “corn belt”, sell a huge number of crops to China

American farmers already suffer from high levels of stress. They are more than three times more likely than average to die by suicide, according to a paper by a charity, the National Rural Health Association, which analysed a period before Trump’s presidency.

In a letter to the White House, Caleb Ragland, president of the ASA, warned of a tipping point: “US soybean farmers are standing at a trade and financial precipice.”

Trump: ‘Our farmers are going to have a field day’

Supporters of President Trump say that his tariffs will help American farmers in the long run, by forcing countries like China to come to the negotiating table and agree new deals with the US over agriculture.

And they point to other ways this White House has helped farmers. Over the summer, as part of Trump’s tax and spend bill, his administration expanded federal subsidies for farmers by $60bn (£44bn), and boosted funding for federal crop insurance.

In his annual speech to Congress in March, Trump warned farmers of a “little bit of an adjustment period” following the tariffs, adding: “Our farmers are going to have a field day… to our farmers, have a lot of fun, I love you.”

Getty Images Trump holds two MAGA style hats that say Make Our Farmers Great AgainGetty Images

Supporters of Trump say that his tariffs will help American farmers in the long run

Sid Miller, commissioner of the Texas Department of Agriculture, is among those who have praised Trump for his “vital support”.

“We finally have an administration that is prioritising farmers and ranchers,” he wrote in a statement earlier this year. “They advocate for farmers, challenge China … and ensure America’s producers are receiving fair treatment.”

And it is possible the president’s tariff strategy could eventually work, according to Michael Langemeier, a professor of agricultural economics at Purdue University.

But he also worries that uncertainty is inflicting long-term damage. “Your trading partner doesn’t know exactly what your position’s going to be next year, because it seems like we’re changing the goalposts.

“That is a problem.”

Tariffs will make us great again

There’s an old adage in American politics that says people “vote with their pocketbooks” – and turn against politicians if they appear to harm their finances.

Yet despite financial pressures, the rural Americans we spoke to are firmly sticking with Trump.

Experts say they haven’t seen any evidence of meaningful change in support among rural voters since last year. A survey by Pew last month found that 53% of rural Americans approve of the job Trump is doing, far higher than the 38% figure for the country as a whole.

Though a survey by ActiVote earlier this month did find a small decline in Trump’s approval among rural voters from 59% in August to 54% in September. Analysts warn not to pay too much attention to those shifts, however, because the number of rural voters included in those polls is so small.

“The data I’ve seen suggests Trump is still heavily supported in rural communities,” says Michael Shepherd, a political science professor at the University of Michigan who focuses on rural politics.

Man attends the Iowa State Fair with a large brown ram

At Iowa’s State Fair, many of the conversations revolved around Trump and tariffs (pictured: attendee John Wilson with Judah the Big Ram)

For some farmers at the state fair, the explanation is simple: they believe the US president when he tells them that tariffs will help them in the long run.

“We think the tariffs eventually will make us great again,” says John Maxwell, a dairy farmer and cheese producer from Iowa.

“We were giving China a lot, and [previously] we paid tariffs when we sold to them. Let’s make it fair. What’s good for the goose is good for the other goose.”

Some may also hold onto hope that the president will bail farmers out. During Trump’s first term he gave farmers a $28bn (£20.7bn) grant amid a tariff dispute with China.

A case of selective blame attribution?

For Nicholas Jacobs, a politics professor at Colby College and author of The Rural Voter, there’s a deeper reason at play.

“It’s easy for an outsider to ask, ‘Why the hell are you still with this guy?'” he says. “But you have to understand that across rural America, the move towards Republicans long predates Donald Trump.”

Starting in the 1980s, he says, rural Americans started to feel alienated and left behind while cities benefited from globalisation and technological change.

What he calls a “rural identity” formed, based on a shared grievance and an opposition to urban liberals. The Republicans seemed like their natural champion, while he says the Democrats became “the party of the elite, technocrats, the well-educated, the urbane”.

Bloomberg via Getty Images Badges that say Resist. Persist. Repeat. Progress IowaBloomberg via Getty Images

Rural America: the move towards Republicans long predates Donald Trump, says one expert

Some repeat that sentiment at the state fair. Joan Maxwell, a dairy farmer from Davenport in Iowa, says that her area is too often viewed as “flyover country”.

“We are not looked at very positively for the most part from the media,” she says. “We’ve been called deplorables, uneducated,” – a reference to Hillary Clinton’s description of half of Trump’s supporters as a “basket of deplorables”.

Ms Maxwell added: “A lot of times they ignore us or make fun of us.”

Prof Shepherd, of Michigan University, believes there’s another factor: in his view, America has become so polarised – with voters from both sides entrenched in their camps – that many are willing to forgive much more than they would previously, as long as it’s a policy implemented by their own side.

He calls this “selective blame attribution… they might be really angry about some things that are happening, but they’re reticent to blame Trump for them.”

‘We’re giving him a chance – there’d better be results’

Mr Wolf has his own view on the “best case scenario” from here. “What I hope happens is that he [Trump] just declares victory and leaves it [tariffs] alone.”

But he warns that even if the policy is dropped, the damage to American farmers could be long-term due to the shake-up to supply chains. Some Chinese firms are now buying their soybeans from Brazil rather than America, he says; they may not quickly return.

Many of the analysts we spoke to believe that rural America’s support for Trump is not a blank cheque, despite their current support.

Farmer Gil Gullickson pictured with Anna Jones at Iowa State Fair

‘A lot of people say he’s just using tariffs as a bargaining chip, as a bluff,’ farmer Gil Gullickson (left). ‘But history proves that tariffs don’t end well’

Mr Shepherd points to the Great Depression and rural “Dustbowl” of the 1930s, which forced millions of farmers to migrate to American cities, causing a long-term realignment in politics – though nobody expects it to get anywhere near that bad this time. The farm crisis of the 1980s also saw thousands of farms go under.

Back at the state fair, Ms Maxwell, the Iowan dairy farmer, makes this point clear.

“We’re giving him the chance to follow through with the tariffs, but there had better be results. I think we need to be seeing something in 18 months or less.

“We understand risk – and it had better pay off.”

Additional reporting: Florence Freeman

BBC InDepth is the new home on the website and app for the best analysis and expertise from our top journalists. Under a distinctive new brand, we’ll bring you fresh perspectives that challenge assumptions, and deep reporting on the biggest issues to help you make sense of a complex world. And we’ll be showcasing thought-provoking content from across BBC Sounds and iPlayer too. We’re starting small but thinking big, and we want to know what you think – you can send us your feedback by clicking on the button below.



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Get paid faster: How an AI productivity assistant can save small businesses hours every week by chasing late payments

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For Nadia, Sage Copilot is an essential ally when it comes to tackling a chore most small businesses waste time on – chasing overdue invoices.

Nadia is the volunteer treasurer of a rowing club in Hammersmith, and uses Sage Copilot to automatically detect when invoices are due – and at the click of a button can send automatic payment reminders to chase unpaid invoices.

Every week, Sage Copilot saves her five hours, she estimates – and Sage customers report that using the function gets them paid a week earlier.

Lisa Ewans, Senior Vice President at the Newcastle-based accounting software firm says: ‘Through our AI, Nadia saves hours of admin a week, which is hugely valuable as a volunteer, because it’s not a day job she’s getting paid for so time is her currency.’

‘Sage Copilot automatically runs in the background, and at the click of a button Sage Copilot chases those customers whose payments are overdue and helps to get the payments in.’

Small businesses can customise the tone of their invoice-chasing emails so it sounds like them, giving them control of how the AI works for them.

Sage Copilot helps small business owners stay on top of their finances and in control of cash flow: as well as chasing invoices. It can help business owners spot duplicate payments and other errors in their accounts, a common problem, and spot trends that might affect the business.

From tradespeople to coffee shop owners

Sage Copilot helps small business owners stay on top of their finances and in control of cash flow

Sage Copilot has a huge amount to offer for businesses in many sectors: tradespeople, for example, often spend considerable time chasing late payments.

Tradespeople can use the time saved to focus on finding new customers or delivering for existing ones.

With Sage Copilot, small business owners can stay on top of their finances with confidence. From chasing invoices to catching duplicate payments and errors, it even spots trends that might affect their business—helping them stay one step ahead.

And when it identifies changes, like rising prices, Sage Copilot provides clear, timely alerts so you can act quickly and make confident decisions.

For other business owners such as cafe owners, the ability to easily spot duplicate payments within VAT returns, or payments that have been miscategorised allows business owners to file returns with peace of mind.

Lisa Ewans says: ‘The focus is around identifying errors in the data, so Sage Copilot spots duplicate transactions for example and alerts business owners automatically. It gives business owners the confidence to sign off returns quickly, and saves them time.’

Sage is a British business, born and bred, with its global headquarters in Newcastle—our home for over 40 years. In that time, it has worked closely with businesses across every sector to understand their challenges and develop financial AI that delivers real value to businesses, solving real world challenges. 

Helping with the details

For accountants and bookkeepers, Sage Copilot offers other benefits, helping them deal with both tax returns and ‘Know Your Customer’ (‘KYC’) checks, which are a series of procedures businesses must follow to verify their customers’ identities and check their risk profiles.

Sage’s experts identified the real ‘pain points’ faced by accountants and bookkeepers, who often spend too much time chasing clients for documents such as identity documents and paper copies of receipts.

Instead of chasing clients via phone and email, Sage delivers automatic assistance when it comes to the documents accountants and bookkeepers need for tax returns and KYC processes.

Ewans says: ‘One of the biggest pain points we hear from accountants is that they spend a load of time chasing up documents,transactions that haven’t been submitted properly, and chasing up paper copies of receipts.’

Sage created a workflow specifically designed so that accountants and bookkeepers could spend less time chasing customers for information.

Instead, Sage Copilot automatically reaches out to customers to request information, and customers upload receipts (for example) as images.

This means that accountants have to spend less time chasing customers via email.

Trusting AI

For Sage, it was important that businesses should be able to trust the AI software to deliver securely, privately and effectively. Sage’s AI Trust Label is a direct response to this – it is designed to provide customers with clear, accessible information about the way AI functions across Sage products.

Sage Copilot was made in the UK, and was built from the ground up with the needs of this country’s businesses in mind.

Ewans says: ‘We know that trust is really important to our customers. You don’t have to be a huge Silicon Valley company to deliver for customers.

‘We have 40 years of experience working with small businesses, and 400 UK-based engineers and data scientists building Sage Copilot to deliver an AI copilot that focuses on the real needs of small businesses today.’



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