Watch: Zimbabwean Millionaire William Sachiti Buys US$4.7 Million Cold War Radar System To Hunt Aliens In Space

Watch: Zimbabwean Millionaire William Sachiti Buys US$4.7 Million Cold War Radar System To Hunt Aliens In Space

Watch: Zimbabwean Millionaire William Sachiti Buys US$4.7 Million Cold War Radar System To Hunt Aliens In Space

 

Zimbabwean-born United Kingdom-based tech millionaire William Sachiti has bought a Cold War-era radar system to hunt for aliens in space.

The Zimbabwean techpreneur, famous for his numerous inventions, bought the radar system from the Royal Air Force.
The abandoned radar station was advertised for sale in 2010 for US$4.7 million.

In an interview with Mail Online, Sachiti said after he brings the radar system back to working condition, there is no reason not to hunt aliens in space.

“I will find a way to bring this to life and let the people choose the best way to use it.

“If people want to hunt UFOs, I guess it is hunting UFOs.

“My expensive hobby will be finding UFOs. If that is what the world wants, who am I to judge.”

In another interview with VICE, the Zimbabwe millionaire reiterated that looking for aliens would be harmless fun.

“There’s obviously the UFO hunters,” he said. “It’s not for me to decide what the best use in the modern world is for it. So long as it doesn’t harm and it’s not intrusive… I’ve got the tech… let’s give it a life.”

 

Watch: Zimbabwean Millionaire William Sachiti Buys US$4.7 Million Cold War Radar System To Hunt Aliens In Space
William Sachiti [Pictures: Instagram via William Sachiti]

 

William Sachiti, the founder and CEO of the driverless car manufacturer Kar-go, purchased the 250,000 square feet abandoned air force base to test his ‘spaceship alien-looking autonomous vehicles.

Sachiti got the decommissioned AMES Type 84 radar unit along with the land from the abandoned Royal Air Force (RAF) radar station.

The Type 84 is on the National Heritage List for England and cannot be demolished due to its historical value.  The AMES Type 84 radar unit was operational from 1962 to 1994 and utilised microwave technology to detect nuclear bombs.

Sachiti declined to reveal how much he had actually paid for the site, which was previously listed for US$4.7 million.

 

 

Below is Sachiti’s interview with Fox News, in which he speaks about using his radar system to find aliens in space.

 

 


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    Zimbabweans React To The Introduction Of Gold Coins

    Zimbabweans React To The Introduction Of Gold Coins

    Zimbabweans React To The Introduction Of Gold Coins
    Image Credit (Nick Mangwana/Twitter)

     

    In light of reports that the Reserve Bank of Zimbabwe (RBZ) is set to introduce gold coins, Zimbabweans have taken to social media to share their thoughts on this new development.

    In a statement on Monday, Governor John Mangudya said the gold coins will be introduced as part of measures to ensure investors and the general public have alternative means to preserve value.

    He revealed that gold coins will be minted by Fidelity Gold Refineries and will be sold to the public through normal banking channels.

    Part of the statement released by Governor Mangudya read:

    The MPC resolved to introduce gold coins into the market as an instrument that will enable investors to store value. The gold coins will be minted by Fidelity Gold Refineries (Private) Limited and will be sold to the public through normal banking channels.

    However, Zimbabweans are not really interested in the idea of introducing gold coins as they feel it will not help the economy in any way. Netizens believe that just like many failed measures that have been introduced, the gold coins will also meet the same fate.

    Here are some of the reactions

    @MajestueusTyson;
    Fiat currency in the modern world ndiyo yakushanda izvi zvekudzokera 1923 azvishandi.kusara kwekuda kuba maUS$ edu to fund your campaigns chete chete.we know these big shops nd Cos ndiwo mafunders enyu they put pressure kt mudzose us$ kt vawane zvekkupayi nxt year
    @TinayeEdwellYAV
    These gold coins are not a currency but certificates just like bond notes. They will come & go. Another experiment that doesn’t work at all. If Mthuli is behind all these he knows the consequences. Another way to silence the people ahead of 2023 harmonised election.

     

    @Pocahon68070461;
    Which Zim dollar? Bond iri? Gold iroro could have been invested into the betterment of health care delivery, text books in schools or proper roads etc, list is endless. But well, tingadii hedu?
    @__Brixton__MD;
    Zvekuinspire confidence zvaremaka, now makunyebera kungwara-ngwara. When the politics is right and the funtamentals are right the economy will drive itself. But then again you don’t learn, or you don’t want to learn. Itai tione

     


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    Zimbabwe To Introduce Gold Coins, Interest Rate Increased To 200% From 80%

    Zimbabwe Gold Coins

    Zimbabwe To Introduce Gold Coins, Interest Rate Increased To 200% From 80%

    Zimbabwe Gold Coins

    The Reserve Bank of Zimbabwe (RBZ) announced on Monday that it is set to introduce gold coins.

    In a statement on Monday, Governor John Mangudya said the gold coins will be introduced as part of measures to ensure investors and the general public have alternative means to preserve value.

    The gold coins will be minted by Fidelity Gold Refineries. They will be sold to the public through normal banking
    channels.

    The Monetary Policy Committee (MPC) resolved to have the gold coins introduced.

    Part of the statement released by Governor Mangudya read:

    The MPC resolved to introduce gold coins into the market as an instrument that will enable investors to store value. The gold coins will be minted by Fidelity Gold Refineries (Private) Limited and will be sold to the public through normal banking channels.

    At the time of writing, iHarare could not establish when the gold coins will be introduced into the Zimbabwean market.

    While the design of the gold coins has not yet been released by the Reserve Bank of Zimbabwe, they are expected to be made of 90–92 per cent gold (22 karat) in line with international standards.

    In related news, Zimbabwe’s central bank also increased the interest rate. It was increased from the current 80 per cent to 200 per cent per annum.

    The central bank policy rate (CBPR) is the rate that is used by the central bank to implement or signal its monetary policy stance and provides an indicator of the minimum level of lending rates for banks.

    The Medium Term Accommodation interest rate increased from 50 per cent to 100 per cent per annum.

    The RBZ also increased the minimum deposit rate for local currency savings to 40 per cent per annum from 12, 5 per cent.

    The time deposits minimum rate for Zimbabwe dollars was increased to 80 per cent per annum from the current 25 per cent.


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    WorldRemit Terminates Bank Transfers To Zimbabwe

    WorldRemit Terminates Bank Transfers To Zimbabwe

    World Remit Terminates Bank Transfers To Zimbabwe 

    WorldRemit Terminates Bank Transfers To Zimbabwe

     

     

    One of the world’s leading remittances firms, WorldRemit, has announced that it is terminating bank transfers to Zimbabwe bank accounts.

    The Global money transfer service provider said the removal of bank transfers from Zimbabwe is with effect from 29 June 2022.

    According to WorldRemit, the money transfer company made the decision because it does not believe that it can provide the best quality service in Zimbabwe.

    However, other money transfer services from WorldRemit are still available, including cash pickup, mobile money and airtime.

    Below is part of the notice from WorldRemit on the move to cancel bank transfers to Zimbabwe.

     

    At WorldRemit, we pride ourselves on offering the best possible service to our customers. Sometimes that means removing services where we don’t believe we can provide the best-quality service or the widest range of options for you.

    We’ve decided to remove bank transfers from our service in Zimbabwe. From 29/06/2022, you won’t be able to send money to bank accounts in Zimbabwe.

    We do apologise for any inconvenience this causes to you or your loved ones. The good news is that our other money transfers, including cash pickup, mobile money and airtime, will still be available. Have a look at our website and app for more information.

    WorldRemit also terminated its relationship with the government-owned National Building Society (NBS).

    NBS is a wholly owned subsidiary of the National Social Security Authority (NSSA), a statutory corporate body tasked by the Government to provide social security. NSSA is wholly owned by the Government of Zimbabwe.

    In another communication, WorldRemit said,

    At WorldRemit, we pride ourselves on offering the best possible service to our customers. Sometimes that means removing services where we don’t believe we can provide the best-quality service or the widest range of options for you.

    We’ve decided to remove National Building Society from our range of services. From 29/06/2022, you’ll no longer be able to send cash to be picked up at National Building Society locations.

    If you have sent a cash pickup transfer to National Building Society locations, please make sure your receiver picks up their cash before 13/07/2022.

    We do apologise for any inconvenience this causes to you or your loved ones. The good news is that you can still send cash pickup transfers to many other locations.

    Just 2 years back, WorldRemit partnered with Mukuru to offer extended services to customers.

     


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    NO Hot Water At Meikles: Zimbabwe’s Premier Luxury Hotel Using Buckets

    Zimbabweans React To 5-Star Meikles Hotel’s Bucket Baths Debacle

    No Hot Water At Meikles: Zimbabwe’s Premier Luxury Hotel Using Buckets

    Not Hot Water At Meikles: Zimbabwe's Premier Luxury Hotel Using Buckets
    MAXD1C Facade of the Meikles Hotel in Harare, Zimbabwe. The luxury hotel opened for business in 1915.
    [Photo Credit: Financial TImes/Alamy]

     

    Meikles Hotel, Zimbabwe’s premier luxury five-star hotel, has been badly affected by a power fault affecting the central business district.

    As a result of the fault, Meikles Hotel is unable to provide hot water as well as air conditioning for its guests.

    The five-star hotel has been forced to undergo the ignominy of supplying its guests with buckets of hot water whenever they want to bath.

    Meikles Hotel has been operating on generators since Saturday when the fault affected the capital’s CBD.

    Advising guests of the prevailing situation, Meikles Hotel manager Tinashe Munjoma wrote,

     

    Dear Guest,

    Please be advised that the hotel has been operating on generator power since Saturday, June 11th, 2022, due to a fault that developed within the CBD.

    The Zimbabwe Electricity Supply Authority is working around the clock to try to fix the problem.

    Considering the above, the air conditioning in the rooms a. public areas is not working, and there is no hot water.

    If you require hot water for bathing, please contact our housekeeping department on extension 82, and a bucket will be delivered to you.

    We sincerely apologize for the inconveniences caused.

    Thank you,

    Not Hot Water At Meikles: Zimbabwe's Premier Luxury Hotel Using Buckets

     

    The Meikles Hotel was established in 1915 by one of the country’s first British colonisers.

    Thomas Meikles established the hotel in what has now become the heart of Harare’s City Centre overlooking the Africa Unity Square.

    The five-star hotel has social and cultural prominence as the premier hotel in Harare. The Meikles’ lobby is renowned as a meeting place for international business executives, dignitaries, leisure travellers and celebrities.

    In February 2020, the Meikles Hotel was sold to the United Arab Emirates-headquarted Albwardy Investment LLC.

    The hotel previously owned by the Moxon family through Zimbabwe Stock Exchange-listed entity- Meikles Limited was disposed  for US$20 million to ASB Hospitality Zimbabwe, a subsidiary company of Albwardy Investment

     


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    Outrage As City Of Bulawayo Demands USD Tariffs, Converts Charges To Forex

    Outrage As City Of Bulawayo Demands USD Tariffs, Converts Charges To Forex

    Outrage As City Of Bulawayo Demands USD Tariffs, Converts Charges To Forex

    Outrage As City Of Harare Threatens To Convert Debts Into USD In 3 Months, Claims It Is Owed US$17 Billion
    [Photo: Black Enterprise/iStock]

     

    Zimbabweans have reacted with outrage after the City of Bulawayo announced that residents will now be paying their tariffs in USD.

    On Tuesday, the Bulawayo City Council announced that it had converted all charges to United States Dollars. The council said the collapse of the Zimbabwean dollar had necessitated the move.

    Below is the statement released by the City of Bulawayo informing ratepayers that tariffs are now in USD.

    PUBLIC NOTICE: – ALIGNMENT OF TARIFF CHARGES TO THE CURRENT ECONOMIC CONDITIONS.

    The City of Bulawayo wishes to advise its valued stakeholders, residents and customers that due to prevailing economic conditions such as changes in the exchange rate there have been substantial increases in the prices of key service delivery inputs namely fuel, water & wastewater treatment chemicals, medicines, stationery & spare parts among others.

    This has rendered the current council charges inadequate thereby necessitating an urgent alignment of tariffs to input costs in order to alleviate service delivery collapse.

    Residents are advised that all Council charges have been translated to the USD value on the date of approval of the 2022 budget. The tariffs shall be translated at the ruling rate on the date of billing with effect from 1 June 2022.

    Residents and stakeholders are encouraged to contact Council Revenue offices for the updated charges on their properties.

    Outrage As City Of Bulawayo Demands USD Tariffs, Converts Charges To Forex

     

     

    However, the move has not gone down well with most residents. They accused the council of being greedy and of failing to deliver essential services.

    Some also condemned the move arguing that it is illegal and unethical because people still earn Zimbabwe Dollars, the country’s legal tender. They also questioned whether council employees would now be earning USD.

    A small minority, however, seemed open to the move and hoped that the City of Bulawayo would improve its service delivery due to the USD tariffs.

    Rita Winterboer Pretorius

    WTF would be good if we had the full services that the council is supposed to do!!

    David Khumalo

    You are part of the problem, the government is trying to bring confidence to the zim dollar but you are now opposing that by using us$ as a base currency. Yes we understand bond is losing value every minute but it is because of such policies, if you got no confidence in the local currency why would you expect us to, basically this is illegal or it’s illegal only to us but government and city council can do as they please.

    Caroline Ndlovu

    Service delivery yani New Parklands does not have 1 street light no tower light nothing.. so don’t demand money and not do service delivery

     

    Zenzele Ndebele

    So in simple terms are we paying the bills US$ .Hope service delivery improves


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    Forex Trading Gone Wrong: Suicidal Zimbabwean Man Pleads For US$3500 After Losing Borrowed Money

    Forex Trading Gone Wrong: Suicidal Zimbabwean Man Pleads For US$3500 After Losing Borrowed Money

    Photo by Jeremy Bezanger on Unsplash

     

     

    A Zimbabwean man has appealed for help from well-wishers after losing US$3500 in borrowed money on forex trading. The man is reported to have turned suicidal after losing all the money.  

    Community organiser and pro-democracy activist Freeman Chari shared the man’s plight.  

    Appealing on the suicidal Zimbabwean man’s behalf, Chari said,

    I have a case here of a suicidal man who borrowed $3500 to go into Forex Trading & lost it all. He is now in debt & at his wit’s end. I know what some will say, but these things happen, and I don’t think it’s worth his life. If there is anyone who wants to help him, please DM.

    The guy has sent me all the info that I have asked to verify. Part of my heart was apprehensive but again it is not easy for men to cry for help. I know the guy will probably be watching this thread, so be a bit sensitive with your comments.

     

    Forex Trading Gone Wrong: Suicidal Zimbabwean Man Pleads For US$3500 After Losing Borrowed Money

     

    Reactions to the post appealing for help on behalf of the suicidal man were mixed.

    Some people said that the trades showed that the man clearly had no idea what he was doing when he engaged in forex trading.

    Others said his trades showed that he was only in forex trading to make a quick buck and expressed no sympathy for him.

    Some other people said that donating would only serve to enable the hapless man. They argued that he needs to learn accountability and avoid get-rich-quick schemes.

    They advised that instead of seeking donations, the man should devise a reasonable payment plan to pay back his creditor.

    @batsiejeff

    I repeat don’t give him money he will blow it again trying to recover,those synthetic indicies are highly volatile and highly manipulated. He must negotiate a payment plan with whoever he borrowed from. From the lost sizes there it shows He has no clue what he was doing.

    If he thinks ending his life because he made a mistake jumping on to something he had no idea about then so be http://it.You are far too generous trying to help him.Just ask him to have a funeral policy to cover his funeral. We have groups for traders if he wants inbox.

    @FungayiSnr

    We are all going through similar trials and tribulations, worse than his in fact. He must man up and face the consequences like a man!

    If he had made thousands out of the deal, would he have informed us….maybe just through bling bling.

    @cckiestorhlucas

    Stop-limit order, margin calls, stop-loss order, trailing stop orders, stop order etc are all meant to prevent situation like this. Pple, trading forex is not investing; it’s speculation & history does not have kind stories of speculators! Seek professional advice 1st!

    @Village_boy7

    I think the best help we can provide is teach him accountability. He needs to use this as a lesson on how to handle money & effects of seeking instant wealth. 

    Once again, he is seeking a quick solution (Donations) when he should be taking full responsibility for his debts.

    @____17July

    This was grossly reckless

    Losing 3500 in forex trading is near impossible with proper risk management

    However a cry for help is a cry for help.

     

    Due to aggressive marketing campaigns, Forex Trading has been getting a lot of visibility in the last few years. Some people erroneously believe they can get rich quickly from trading in forex.  

    However, according to the financial media website Investopedia, Forex trading usually leads to massive losses and insolvency for many retailers. 

    “Can forex trading make you rich? Although our instinctive reaction to that question would be an unequivocal “No,” we should qualify that response. Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.”

     


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    US$517 For Dinner For 5: Zimbabweans Express Shock At Out Of Control High Prices

    US$517 For Dinner For 5: Zimbabweans Express Shock At Out Of Control High Prices

    US$517 For Dinner For 5: Zimbabweans Express Shock At Out Of Control High Prices

    US$517 For Dinner For 5: Zimbabweans Express Shock At Out Of Control High Prices
    [Photo Credit: Khaya Nyama Wombles]

     

     

    Zimbabweans have expressed shock and alarm at the out-of-control prices in the country. This comes after a diner painfully recounted how she had paid US$517 (R8200) on dinner for only 5 people.

    The diner took to social media to lament the exorbitant prices and the ridiculous markups that she encountered.

    The woman who uses the Twitter handle @zimbarbiean narrated her encounter at the local restaurant Khaya Nyama Wombles. Writing on social media, she said,

    “Pricing in Zim is out of control – dinner for 5 at Wombles? $517. Yes, the food is great, and we know Wombles to be an expensive joint, but let me break it down because 400% markups don’t make sense in my mind.”

    She also highlighted some of the prices in USD prevailing at the restaurant compared to other places, as well as the costs of some of the menu items.

    “Water – the bottles that go for 70c kuWombles $2
    Savannah – goes for like $1.50 ku Wombles $6

    “Starters start from about $11, and that’s chicken livers where you get 3! 3 livers.

    “Now to mains. Cheapest is about $25. I had salmon (for) $40.”

    She added that despite the high prices, the restaurant does not give meaningful sides to accompany the meals,

    “Mind you, the sides you get complimentary are onions, beans & butternut. If you want ka rice, $2. If you want ka potato, $2.

    “CHIPS CHIPS as a SIDE $5 ON TOP OF YOUR $40 main. Am I the only one who doesn’t understand?

    “Mind you, the only alcohol (I) had was 1 wine bottle $35 and one $6 Savannah. Dassol.”

    She commented that while the restaurant is classy and premium, the prices still shocked her.

    “I’m not gonna lie, the food is GREAT, cooked to perfection. Steak melts in your mouth, and they really understand what you mean by ‘medium rare’ which is more than can be said for some of these other joints but $517!

    “Waaal – I looked at that bill like HEH.”

    US$517 For Dinner For 5: Zimbabweans Express Shock At Out Of Control High PricesUS$517 For Dinner For 5: Zimbabweans Express Shock At Out Of Control High Prices

     

     

    Another social media follower also narrated her own similar experience at the same restaurant. @ManaseVicky wrote,

    “We took our friends out there, carried $250 USD. We’re sure it would be enough, but when the bill came up, it was 400 plus. Had to go back to the car.

    “Taizonyara (We would have been embarassed), but what puzzled me was it was just 4 people, and the boys were drinking ma castle light.”

    Many Zimbabweans who read the post expressed shock at the pricing models in the country.

    @PeaceMangoma wrote,

     

    Things have really gone out of control overall. If I get charged $40 for the main dish, that should be top top tier joint in the states. But then consider the buying and earning power. In 2019, $100 Would buy you a pick n pay trolley, now 2 or so plastics!

    @CliveMasarakufa

    The markups are definitely jaw-dropping. Maybe they include the excellence of their craft which is a generally unquantifiable cost consideration. But that only applies to a certain degree and certainly can’t outright justify the sky-high markups.

     

    @lo_nhewe90 commented,

    You are so right. How do you justify such? Most of the food they serve is locally sourced. I hope they pay their staff just as much.

     

    @thubamzingwane added,

    wait, so some people really spend such amounts in 1 go in this msunu of a country!

    However, @Mr_Narcissit begged to differ, saying,

    this makes alot of sense

    they are correct for charging that amount of money …they should charge more ,

    you paid for an experience ,thats it

    an experience!!!

     

    @MadziwaMorgen hilariously added

    USD517.00 wow, that’s steep by my standards! I can buy a full mombe (cow) USD450.00


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    ZERA Increases Fuel Prices Weeks After Increasing Ethanol Blending

    Government Slashes Fuel Prices

    ZERA Increases Fuel Prices Weeks After Increasing Ethanol Blending

    Government Slashes Fuel Prices

    The Zimbabwe Energy Regulatory Authority (ZERA) has announced an increase in the price of fuel.

    In a statement, ZERA said the fuel increase will be effective 7 June 2022. The last price increase was on 20 May 2022.

    The pump price of petrol is now US$1.73 up from US$1.64 and for diesel one will be required to pay US$1.76 up from US$1.71.  The ethanol blending ratio is still E15. In Zimbabwe dollar terms, diesel now costs $550.59 per litre and Petrol (Blend – E15) now costs $539.96 per litre.

    The price increase did not sit well with Zimbabweans on Twitter who expressed a spectrum of emotions ranging from astonishment to rage. A majority of Zimbabweans were astonished as to why ZERA was increasing the price of fuel when it had increased the ethanol blending ratio.

    @BenjieSeries wrote:

    Ahaa Amana nzimbe idzodzi

    @taitmaat:

    Haa u guys must be srs yu brot bek mandatory blending n yet mukukwidza fuel evryday nxaa you are clowns shuwa

    @HandyAndrew5

    The price of petrol is up by 9c but you increased blending from 10% to 15%

    Another user @Zikipa8 wanted to know what factors had contributed to the fuel price increase and enquired:

     

    What factors are really contributing to these price hikes???

    A user @IanSoeAllan suggested that the new fuel price was a result of greed and profiteering and replied to @Zikipa8 with the tweet:

     

    Greediness and profiteering number 1

    One user went as far as advising the Zimbabwean motoring public to make their own fuel at home with the hilarious tweet:

    One Twitter user @tkausiyo said that they were fed up of the fuel price increases by ZERA and responded with a curt:

    Haa tave bho

    In March this year, ZERA said the fuel price increases were necessitated by the increase in international crude oil prices. The increase in fuel prices is set to result in a domino effect as retailers will likely increase prices for basic goods and services, at a time when incomes are depressed.


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    Blanket, Textile and Clothing Businesses Cry Foul As Smugglers Pounce Hard

    Part of the smuggled contraband

    Smuggling cartels are affecting revenue streams for local blanket, textile and clothing manufacturers.

    The textile industry is among many of Zimbabwe’s manufacturers that have raised concerns over smuggling activities happening at the country’s porous borders. Their businesses are selling much lower volumes due to competition from contraband goods coming in from neighbouring countries like South Africa.

    Smugglers reportedly bypass the regulatory processes at the borders to avoid import duty and some do not even have valid import licenses that are required.

    There are also reports from other companies that some smugglers are working closely with rogue Zimbabwe Revenue Authority (Zimra) officers at border points who let them pass through without declaring their goods.

    Some of the textiles illegally imported to the country are kept in heavily guarded warehouses in Harare. Reports have also indicated that these warehouses are well fortified and monitored to prevent Zimra raids.

    Zimbabwe is losing billions of precious USDs annually due to smuggling and illegal dealings.

    Speaking to this publication on the matter, Raymond Huni of Waverley Blankets said the continuation of such practices “will see an ever-increasing drainage of our much needed foreign currency.”


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