The U.S Labor Department released a report on Thursday showing a much bigger than expected drop in initial jobless claims in the week ended January 14th.The report showed that jobless claims fell to 352,000 from the previous weeks revised figure of 402,000. In addition, the Labor Department released a report on Thursday showing that US consumer prices remained unchanged for the second consecutive month in December. On the other hand, New US housing starts fell by more than expected in the month of December, according to figures released Thursday by the Commerce Department. New housing starts fell to a seasonally adjusted annual rate of 657,000 in December, 4.1 percent below the November level. Moodys Investors Service warned Thursday that it will likely downgrade the ratings on a number of rated banks globally, as several trends including deteriorating sovereign creditworthiness and high economic uncertainty have weakened the lenders credit profiles.
Chinas manufacturing sector contracted for a third successive month in January, signaling further moderation in overall economic growth. The Markit/HSBC flash purchasing managers index scored 48.8 in January compared to 48.7 in December. China posted a fiscal deficit of CNY 519 billion in 2011, matching 1.1 percent of gross domestic product; reports said Friday citing data from the Finance Ministry. The government targeted a deficit of CNY 900 billion in March last year. The Ministry also said that the fiscal revenue surged 24.8 percent to CNY 10.37 trillion during 2011.
France and Spain saw borrowing costs decline in the first bond auctions they held since Standard amp; Poors downgraded their credit ratings last week. The countries tested the market after Portugal and Germany held successful auctions on Wednesday, raising a total of EUR 5.939 billion. Demand was also strong for most securities on offer today. The lsquo;Agence France Tresor raised EUR 9.463 billion by selling its medium and longer-term bonds in the first sale after Samp;P stripped the countrys triple A rating. International Monetary Fund Managing Director Christine Lagarde joined world financial and trade organization chiefs in warning policy makers gathering in Davos, Switzerland next week against fiscal cuts that jeopardize growth, according to a report published by Bloomberg today.
EUR/USD: Euro continued its rally against the Dollar on Thursday as euro zone debt auctions lifted economic optimism in the region. Today, the pair is static in Asia and is currently trading within the narrow range of 1.2970-1.2952 (18pips). The support level is at 1.2872 and the resistance level is at 1.3049. The pair is most likely to continue its bullish run to test the resistance level above the psychological level of 1.3000 as the European Central Bank fueled the optimism by stating that it has a whole range of unconventional measures to manage the debt crisis. However, investors should remain cautious as market attention will also be geared towards the U.S Existing Home Sales figure which is set to release later today. A higher than expected reading will put a brake to the rally of the pair.
ATLANTA, GA, Jan 23, 2012 (MARKETWIRE via COMTEX) –
Infor, a leading provider of business application software serving
more than 70,000 customers, today unveiled Infor10 Motion, the
company’s unique, cloud-based mobile platform built on the powerful
Infor10 ION integration framework. Infor10 Motion applications
provide fast, reliable connections to back office systems regardless
of location through smartphones and tablets, such as iPhone and iPad,
to accelerate productivity and help users work smarter and faster.
Differentiated from complex and convoluted mobile platforms, Infor10
Motion provides a consistent user experience, a loosely coupled
architecture, and a simple and easy process for deployment.
Infor has immediately made available two applications, Infor10 Road
Warrior, a mobile CRM application with embedded business
intelligence, and Infor ION ActivityDeck, which allows users to
respond to important tasks, receive real-time alerts, and approve
pending requests.
“To keep up with the increasingly mobile world, companies need to
empower their workforce with tools to stay informed and take action
from anywhere,” said Duncan Angove, president, Products and Support,
Infor. “Infor10 Motion breaks down the four walls of the office,
bringing it to where your customers do business — on the road, at
the airport, wherever the opportunity exists. Infor is changing the
way our software is used and managed by providing mobile development
tools and foundation services that enable our customers to use mobile
applications, like Infor10 Road Warrior, across the extended
enterprise.”
The Infor10 Motion Platform
Infor10 Motion is built with a loosely
coupled architecture on the Infor10 ION framework, meaning that
Infor10 Motion applications can plug into different back office
systems such as ERP, CRM, Expense Management or Supply Chain
Management. Unlike the tightly packaged solutions in the market
today, which often require customers to buy more products in the hope
of extending solutions, Infor10 Motion provides native, rich
applications that leverage the data that already exists in enterprise
deployments. Security is built into Infor10 Motion to help address
the threat of theft and data loss and enable customers to retain
control over critical business data.
Infor10 Motion applications leverage the familiar, simple and
intuitive ways that users are already accustomed to interacting with
their smart devices, allowing them to work and act faster. This
includes taking into account differences between devices such as
tablets vs. smartphones. Because it is core product independent,
Infor10 Motion is able to adopt a consistent user experience across
back office applications.
Infor10 Motion applications are further differentiated by being “app
aware,” which enhances the user experience by detecting when another
app on the device could provide additional functionality, including
consumer apps that would work in the context of the enterprise. An
example of this is Infor10 Road Warrior, which incorporates Skype and
FaceTime within a customer’s contact record so sales personnel can
move seamlessly into consumer collaboration tools with their
customers.
Infor10 Motion is cloud-based, which uniquely simplifies the way
customers can deploy and adopt the platform. The Infor10 Motion App
Manager (IMAM) provides a single location for companies to deploy
Infor10 Motion applications quickly within their existing IT
infrastructure, unlike other mobile platforms which require an add-on
solution to centralize the effort of multiple deployments. Once a
company has gained access to IMAM, they are ready to begin using
Infor10 Motion applications. IMAM also allows managers to determine
which users have access to specific information, and the capability
to change those settings at any point.
Infor10 Road Warrior and Infor ION ActivityDeck
Infor10 Road Warrior
empowers sales productivity by sending mobile alerts, approvals and
tasks, allowing users to make decisions faster, turning what was
previously considered down-time into a tool to outpace the
competition. This connectivity is coupled with embedded business
intelligence to provide an overview of data-heavy screens, helping
users make sense of data more rapidly, highlight problems at a
glance, and compare current and historical order volume, reducing the
amount of time spent searching for information. Additionally,
integrating with consumer apps like Skype and FaceTime helps Infor10
Road Warrior users better collaborate and communicate with their
customers.
Infor ION ActivityDeck helps solve the critical problems that arise
when users are on the road and have no visibility into pressing
issues going on in the background. ION ActivityDeck provides users
the ability to remain connected to the back office so they are able
to respond to important tasks, receive real-time alerts, and approve
pending requests, keeping business in motion. Similar in function to
Twitter, ION ActivityDeck provides the ability to define filters
based on most anything, helping users answer questions and take
action before they become issues.
Infor10 Road Warrior and Infor ION ActivityDeck are available for
secure installation through the Apple iTunes Store. Additional
Infor10 Motion applications are expected this year to serve a variety
of critical office functions such as creating orders or quotes,
approving expense reports, and reviewing key business metrics from
anywhere.
Additional Resources
Note: registration may be required to access
online content
http://www.infor.com/company/technology/ion/
About Infor
Infor is a leading provider of business software and services,
helping more than 70,000 customers in 164 countries improve
operations and drive growth. To learn more about Infor, please visit
www.infor.com .
This announcement reflects the direction Infor may take with regard
to the specific product(s) described herein, all of which is subject
to change by Infor in its sole discretion, with or without notice to
you. This announcement is not a commitment to you in any way and you
should not rely on this document or any of its content in making any
decision. Infor is not committing to develop or deliver any specified
enhancement, upgrade, product or functionality, even if such is
described in this announcement and even if such description is
accompanied by words such as "anticipate," "believe," "expect,"
"intend," "may," "plan," "project," "predict," "should," "will,"
and/or similar expressions. Many factors can affect Infor's product
development plans and the nature, content and timing of future
product releases, all of which remain in the sole discretion of
Infor. This announcement, in whole or in part, may not be
incorporated into any contractual agreement with Infor or its
subsidiaries or affiliates. Infor expressly disclaims any liability
with respect to this announcement.
The Infor product names referenced herein are trademarks or
registered trademarks of Infor. Apple, FaceTime, iPad, iPhone and
iTunes are trademarks or registered trademarks of Apple, Inc. Other
brand and product names mentioned herein are trademarks or registered
trademarks of their respective owners.
SOURCE: Infor Global Solutions
Copyright 2012 Marketwire, Inc., All rights reserved.
CHICAGO (Reuters) – Global lending giants Chase (JPM.N) and Citi (C.N) said they substantially increased loans to US small businesses last year, both exceeding previous commitments.
Chase said its small business loans rose to $17 billion in 2011, up 52 percent from 2010.
Citi said it lent $7.9 billion to small companies last year, an increase of more than 30 percent from the prior year and exceeding its previous commitment of $7 billion. Since the start of the economic downturn in late 2008, many small businesses have been struggling to get loans, lines of credit and other financing.
But a monthly poll of small business sentiment released Jan. 10 by the National Federation of Independent Business, a trade group, said small businesses access to credit ranked at the bottom of respondents concerns, with only 4 percent of owners reporting financing as their primary business problem.
Chase, which says it leads in US Small Business Administration loans by volume, provided nearly 400,000 new loans and lines to small companies last year. For the past three years, the company exceeded annual small business lending commitments.
Last fall it pledged to maintain elevated lending volumes through at least 2013.
Since 2009, we have provided more than $35 billion in working capital, term loans for expansion, commercial mortgages, lines of credit and business credit cards to small businesses, said Scott Geller, Chases CEO of business banking, in a statement accompanying the lending figures Jan. 19.
In September 2011, Citi committed to lending $24 billion to small businesses over the course of three years. Its progressive increases call for lending to reach $9 billion annually in 2013.
We made it easier for customers to apply for credit by offering less paperwork and an improved customer experience, said Raj Seshadri, Citis head of US Small Business, in the companys prepared statement, also released Jan. 19.
Over the last year we tripled originations and increased credit application approvals substantially.
(Reporting by Deborah L. Cohen; Editing by Carla Tonelli)
(AP) PIERRE, SD — After failing four years ago, South Dakota lawyers are once again trying to update the state constitutions language on corporations.
A proposed constitutional amendment failed in the 2008 election when only 31 percent of voters statewide supported it, but a measure making its way through the Legislature now would ask voters this fall to approve a similar constitutional change. The proposed constitutional language would allow South Dakota to comply with all parts of a uniform set of laws on corporations that most states have adopted.
The measures main sponsor, House Republican Leader David Lust of Rapid City, said the 2008 amendment failed because no one campaigned for its passage. Voters did not know what the amendment would do, he said, so they rejected it.
We are back to try again and this time I believe there will be some support, financially and otherwise, to get the word out on the significance of this amendment, said Lust, a lawyer.
The measure would update some constitutional provisions written in 1889 that put restrictions on shareholder voting for corporate directors, issuing shares and increasing corporate debt. Lawmakers say those outdated provisions keep South Dakota from adopting some parts of the Model Business Corporation Act, which was approved by the 2007 Legislature and is used in at least 35 other states as the basis for corporate law.
Proponents say that the measure failed in 2008 not because its divisive, but because it was so benign that lawmakers didnt spend enough time educating voters about it.
Gov. Dennis Daugaard said if the Legislature puts the proposed amendment on the ballot, he would promote the measure in speeches and would volunteer to write the arguments supporting it in the state pamphlet put out each election year to explain proposed ballot measures.
If the people of South Dakota trust me enough to elect me as governor, they might trust me on this, Daugaard said.
The proposed constitutional amendment and a related measure that would change state laws have been approved by the House State Affairs Committee and is set for a vote in the full House this week. The Legislature can propose amendments, but only voters can change the constitution.
Patrick Goetzinger, a Rapid City lawyer who is president of the State Bar of South Dakota, said proposed constitutional change would not prevent corporations from using existing practices, but it would give them the option of using more modern practices.
For example, one constitutional provision now requires that a corporation give shareholders 60 days notice before increasing the corporate debt, but the provision is frequently violated because most people dont know about the requirement, he said.
Another provision says corporations can issue stock or bonds only in exchange for money, labor or property, and the proposed change would allow someone to get stock in exchange for other contributions, such as a money-making idea.
Goetzinger said the proposed constitutional changes would protect South Dakota favorable business climate while still protecting shareholders in corporations.
Were giving business owners the opportunity to structure their business affairs in a very flexible manner, abiding by the rules set in state law, Goetzinger said.
Chopped budgets and an increased focus on testing have made field trips, once a popular way to get students out of the classroom, increasingly rare.
&"Local school districts don’t have the funds anymore,&" says Stephanie Norby, director of the Smithsonian Center for Education and Museum Studies in Washington, D.C. The Smithsonian museums are some of the most popular field trip destinations in the country. Although there is little hard data to definitively prove that schools are taking fewer field trips, Norby says it seems as though fewer schools have visited the Smithsonian in recent years. &"For local schools, I think it’s become more difficult for them to take trips.&"
Money once spent on field trips is being spent to help students prepare for standardized tests that might make or break a teacher’s evaluation, according to Randi Weingarten, president of the American Federation of Teachers, a union that represents more than 1 million educators nationwide.
&"In school these days, if people have a marginal dollar, they spend it on test prep because they get regulated there, as opposed to field trips,&" she told a group of corporate heads at a manufacturing conference in Washington, D.C. last week.
[Learn why standardized tests use multiple choice questions.]
Field trips provide students with a window to the real world that they don’t get in the classroom, and they can help students understand real-world applications of seemingly abstract topics in math and science, she says. For example, engineers may often use formulas taught in Algebra II, calculus, and chemistry classes.
Susan Singer, CEO of Field Trip Factory, an organization that has spent the last 18 years designing free field trip outlines for schools nationwide (which include background lesson plans, field trip itineraries, and wrap-up activities after the trip), says she thinks schools are merely scheduling around testing.
&"During testing periods, we don’t see a lot of field trips,&" she says. &"Either right before or right after [a standardized test], we get slammed.&"
Either way, spending time outside the classroom doesn’t mean students aren’t learning knowledge that could show up on standardized tests. Several studies have shown that students retain more knowledge through the type of experience-based learning that field trips provide when compared to in-class learning.
[Learn more about an experiential learning program.]
A field trip should be relevant to topics students are studying in school. That way, the Smithsonian’s Norby says, it will have a lasting impact.
&"There’s an event, but we want to stay connected with the students both before and after the trip,&" she says. Here are ways teachers can make the most out of field trips.
• Prepare: Don’t go into a field trip cold. One of Field Trip Factory’s most popular trips connects students with professional chefs to explore the science of gastronomy. Singer says teachers should spend the days before the trip discussing food labels, basic chemistry, and measurements. Likewise, after the trip, teachers should ask students to discuss what the trip meant to them and write about what they learned.
• Use social media: The Smithsonian hosts online conferences for students to pose questions to museum curators, says Norby. Most field trip destinations now have Facebook or Twitter accounts, so use them to connect students with staff before, after, and during the trip. Norby encourages students to Tweet about their experience, take pictures, and share what they learned with friends.
• Make the classroom connection: Field trips are about finding real-world applications for classroom-learned knowledge, says Singer. &"The difficulty kids and teachers have is correlating classroom learning to real-life experience,&" she says. &"[Field trips] are about finding how that class becomes relevant to your life.&" During the field trip, point out how techniques taught in the classroom may be used at the trip destination.
• Highlight work opportunities: Field trips can give students ideas for finding internships and volunteer work, so help them connect with staff members. &"You’re reconnecting kids to their community in a way that matters,&" Singer says. Often, interested students go on to volunteer or work at trip destinations. &"They get the fact that some day they could work there,&" she says.
• Take a virtual trip: Your school might not have the money to pay for transportation to a museum, but many, including the Smithsonian Institute, now offer virtual tours, online videos, and podcasts, allowing you to simulate a trip.
See how your school stacks up in our rankings of Best High Schools. Have something of interest to share? Send your news to us at highschoolnotes@usnews.com.
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New York Giants place holder Steve Weatherford (5) celebrates after his team scored a game winning field field during overtime of the NFC Championship NFL football game Sunday, Jan. 22, 2012, in San Francisco. The Giants won 20-17 to advance to Super Bowl XLVI. (AP Photo/David J. Phillip)
-
Jan. 6, 2012
- Kentucky had the highest number in the US of background checks for firearm permits, according to a report from the FBI.
Kentucky requested 9,630,654 background checks from the FBI from Nov. 30. 1998- to Dec. 31, 2011. The next highest number of requests was from Illinois, with 5,107,408.
According to notes in the report, these statistics represent the number of firearm background checks initiated through the National Instant Criminal Background Check System. They do not represent the number of firearms sold. Based on varying state laws and purchase scenarios, a one-to-one correlation cannot be made between a firearm background check and a firearm sale. - The Drive-Thru Gourmet, Ken Hoffman of the Houston Chronicle, features hush puppies, the unsung hero of the seafarin side-dish industry, at Americas No. 1 fishmonger drive-through,#xA0;Long John Silvers.This is not health food: Who cares? Theyre greasy, they taste like fried corn muffins, theyre filling, they go great with fried fish hellip; and theyre#xA0;addictive, and are 60 calories per pup.
The restaurant chain that began in Lexington was recently sold by Yum Brands to LJS Partners. - A factory in California that makes Hot Pockets for Nestle Foods is laying off 103 workers who make the product, reports the Los Angeles Times. Consumers are a little more frugal and competition is continuing to be very heated, Nestle spokeswoman Roz OHearn said to the Times. Its very unfortunate, but it is necessary to keep the business healthy and continuing. Hot Pockets are also made at a plant in Kentucky, but it has not had any layoffs.
- An exhibit of photography by Lexingtons Ralph Meatyard is on display in Sacramento, Calif., at the MH de Young Museum, in San Francisco. The art critic for the Sacramento Bee, Victoria Dalkey, said of Meatyard, one of the strangest and most original artists ever to pick up a camera. … Though Meatyards name is not as well known as Ansel Adams or Edward Westons, he has a firm place in the history of photography.
Sexy Brit Giles Matthey has booked a mysterious recurring role on the upcoming fifth season of True Blood.
The newcomer, whose sole acting credit is an episode of The Good Wife, will portray Claude, a fairy who in the Sookie Stackhouse novels is a distant cousin of the leading ladys father. In the HBO adaptation, however, Claude will quickly set his sights on young vamp Jessica, E! Online reports.
The role of Claude was played last season, albeit briefly, by Losts Neil Hopkins.
Ready for more of todays TV dish? Well
o And the title of Mad Mens much-anticipated Season 5 premiere is. A Little Kiss. I like the title to have some kind of synergy with the show so it will pique your interest, showrunner Matt Weiner tells TV Guide Magazine. Mission accomplished, sir. Mad Men returns to AMC with new episodes on Sunday, March 25.
o Food Networks Food Network Star will undergo some changes in its upcoming eighth season (premiering May 13), per Variety. Winners will now be chosen by the fans instead of a panel of professionals, with current judges Bobby Flay and Giada De Laurentiis, as well as host Alton Brown, shifting duties to mentor a team of finalists.
o Eve Best has landed a guest spot on Up All Night, TV Guide Magazine reports. The Nurse Jackie vet will play a bigwig who takes ownership of Ava. Also dropping by NBCs freshman comedy are Nat Faxton (The Cleveland Show) and Ben Falcone (Joey), playing the Brinkleys gay neighbors.
o SOAPnet will air a four-hour, Robin/Patrick-centric marathon of General Hospital on Sunday, Feb. 12 beginning at 3/2c. And just like that, were more worried than ever about Robin and her seemingly doomed fate on ABCs sole-surviving sudser.
o FOX will re-air last Sundays episode of American Idol this Tuesday at 8 pm.
o Bravos new Hills-esque docu-series, The Shahs of Sunset, is set to premiere Sunday, March 11.
o Starzs upcoming series Da Vincis Demons, which reimagines the Renaissance era artist as a superhero, has cast British actor Tom Riley (Monroe) in the lead role, per Deadline.
o ABC has given the green light to 666 Park Ave, a supernatural drama pilot from Fringe writer David Wilcox. Based on the novels by the same name, the potential series centers on a haunted New York City apartment complex.
o CMT has renewed The Singing Bee for a fourth season, a fifth overall as the musical competition began its run on NBC.
Which TVLine Items have you talking today?
The stakes are high for President Obama as he approaches the podium Tuesday night to make his State of the Union Address. In an all-important election year, some say the president has a lot of ground to cover for any chance of clinching the entrepreneurs vote this November.
Ray Keating, chief economist for the Small Business Entrepreneurship Council, said he isnt expecting much from the commander-in-chief, despite whats at risk this year.
We have been down this road a few times, Keating said. Its hard to imagine he will suddenly change his stripes and come up with a pro-growth, small business agenda.
Small business owners would like to see the administration follow through on promises such as cutting down regulation and keeping tax rates low, Keating said. If, for example, capital investment expensing were to be made permanent, that would be a huge sigh of relief for small business owners, and a signal for them to start investing and hiring.
Because its an election year, we will hear about small businesses and how important they are to the economy, he said. Then, what will be the carry through in terms of substantive changes in policy to help entrepreneurs and investors? It will be completely different.
Dan Danner, CEO of the National Federation of Independent Business, said business owners are hoping Obama will step up his game and put his past promises into action this year. Taking on regulatory reform and addressing the uncertainty surrounding tax policy would be a great place to start, he said.
Wed like to hear the president pledge that he isnt going to raise their taxes, Danner said. They like to hear him say he understands the difference between an S Corporation, LLC and General Electric, and that rates matter.
Keating echoed that frustration, saying business owners would be unfairly hit if the Obama administration were to raise tax rates on upper income individuals.
You will raise taxes on investors and entrepreneurs, he said.
The deficit and government spending are also of major concern to business owners, according to Todd McCracken, CEO of the National Small Business Association.
The number one concern of small business today is the deficit, with tax and regulatory burdens close behind. Making a bold statement in support of comprehensive tax reformnot merely corporate reform which would help only a handful of small businesseswould address all three of these critical small-business priorities, McCracken said in a statement. This ought to be a no-brainer for the president and all members of Congressregardless of party.
Committing to creating a balanced budget would also help entrepreneurs get behind Obama, Danner said. The NFIBs members have supported a balanced budget amendment for years, he said, and disagree with the notion of raising the deficit and allowing government to continue borrowing, especially in an economy where they are struggling to secure loans.
For them, its pretty simple, you cant run a business if you are spending more than you are taking in, Danner said. Its the proverbial, Walk the walk. If anything, they are scared that this president will make things worse, not better.
MANSFIELD, Mass., Jan 23, 2012 (BUSINESS WIRE) –
Covidien
/quotes/zigman/4475320/quotes/nls/cov COV
+0.40%
, a leading global supplier of healthcare products,
today announced that Stacy Enxing Seng has been appointed President of
the Company’s Vascular Therapies Global Business Unit. She will report
directly to Peter L. Wehrly, Senior Vice President and Group President,
Respiratory & Monitoring Solutions and Vascular Therapies.
Enxing Seng, 47, will be responsible for managing a global organization
of 4,000 employees with $1.4 billion in revenue. She joined Covidien in
July 2010 through the ev3 acquisition, where she was a founding member
and executive officer responsible for leading ev3′s Peripheral Vascular
Division from inception to a $350 million business.
“Stacy has a proven track record in leading and growing businesses,”
said Wehrly. “Her experience at ev3, focus on the customer and the
employee, combined with her strong knowledge of the vascular market
makes her the ideal candidate to lead our Vascular business.”
Prior to joining ev3, Stacy held various positions of increasing
responsibility for Boston Scientific, SCIMED Life Systems Inc., Baxter
Healthcare and American Hospital Supply. She received an MBA from
Harvard University and a bachelor’s degree from Michigan State
University.
ABOUT COVIDIEN
Covidien is a leading global healthcare products company that creates
innovative medical solutions for better patient outcomes and delivers
value through clinical leadership and excellence. Covidien manufactures,
distributes and services a diverse range of industry-leading product
lines in three segments: Medical Devices, Pharmaceuticals and Medical
Supplies. With 2011 revenue of $11.6 billion, Covidien has 41,000
employees worldwide in more than 65 countries, and its products are sold
in over 140 countries. Please visit
www.covidien.com
to learn more about our business.
SOURCE: Covidien
Covidien
Eric Kraus, 508-261-8305
Senior Vice President
Corporate Communications
eric.kraus@covidien.com
or
Coleman Lannum, CFA, 508-452-4343
Vice President
Investor Relations
cole.lannum@covidien.com
or
Bruce Farmer, 508-452-4372
Vice President
Public Relations
bruce.farmer@covidien.com
or
Todd Carpenter, 508-452-4363
Director
Investor Relations
todd.carpenter@covidien.com
Copyright Business Wire 2012
/quotes/zigman/4475320/quotes/nls/cov
Add COV to portfolio
COV
Covidien PLC
$
48.23
+0.19
+0.40%
Volume: 2.70M
Jan. 23, 2012 4:01p
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