Jean Galea

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What to Do After a Motorcycle Accident

Last updated: January 01, 2024Leave a Comment

Road accidents are something that people can never prepare for. No matter how cautious a driver you are, there are some things beyond your control that can inevitably lead to a road crash. That being said, an accident on two wheels has potentially more damaging consequences to the driver and its passengers when compared with an accident on a four wheeled vehicle.

Statistics indicate that roughly 80% of motorcycle crashes end up in devastating injuries or fatalities. A motorcycle injury lawyer noted that there there are numerous reasons for getting into a motorcycle accident from speeding, DUI, lane splitting, sudden stops, faulty motorcycle defects, hazardous road conditions, and even inexperienced drivers. Whatever the reason may be, anyone like you who owns a motorcycle must always be prepared when you get onto the road because you are far more vulnerable in this kind of vehicle.  When an accident occurs, your body will take the brunt of the force of impact and it will take a huge beating.

Apart from preparing the usual motorcycle gear from helmet, Kevlar body suits, gloves, and riding boots, you have to be even more alert on the road when riding a motorcycle than a car because one tiny mistake can have fatal results. A motorcycle accident attorney noted that even with all the proper gear, motorcycle riders can still end up with debilitating injuries that can make them permanently disabled for the rest of their lives or the injury can kill them. It is critical for motorcycle drivers to never be too complacent and think that their gear is infallible. In case you do get into an accident while riding your motorcycle, a personal injury attorney Los Angeles area said that you must remember to do these things:

Never Admit Any Kind of Fault

When people accidentally bump each other with their bodies, they are quick to apologize to each other because this is a form of good manners. It is part of human nature to feel apologetic for hurting someone. However, if you are involved in a motorcycle accident, you should never apologize for the accident because many times, the cause of a road accident is unclear and has yet to be determined.

A motorcycle injury lawyer said that a road accident is jarring and you will certainly not recall all the details pertinent to your situation immediately after the impact. It is normal to feel shaken or to go in shock. During this time, be careful with the statements you say because it can have serious repercussions and legal consequences down the line. The last thing you want is for your insurance to abandon you because you admitted that it’s your fault.

Call the Authorities

Assuming you don’t have any fatal injuries that requires you to stay immobile, then you must call the authorities. It is important that they can get to the accident as soon as possible so they will be able to assess your situation. Damages that need claim need a police report. The same goes if there are any injuries. Make sure that the other parties are okay and if someone is in pain, ascertain that emergency medical assistance is on their way.

A motorcycle accident attorney noted that a police report is vital to your case for recovering damages to your bike and even injuries to yourself. Some of these injuries do not even show themselves until hours after the accident. By letting the police know of the details, you are already one step closer to building a solid case that will help you get just compensation, especially if it is not your fault. Be sure to take down the officer’s name and contact information, so you can get in touch with him later if necessary.

Collect All Other Pertinent Information

Ensure that you have the names of everyone else involved in the car crash, including their contact details and plate numbers. If they are willing to divulge insurance information, get that as well. Now is the time to use your camera phone so you can take many pictures and videos of the car accident. These pictorial evidences will serve as a better form of documentation, which may be helpful for your case if it goes into litigation. On top of all these, keep an organized detail of events for your records. This will make your life a lot easier later, so you don’t mix up the details.

Additional information that can be taken in the video are the actual location of the accident, the road conditions during the time of the accident, the speed signs, the direction of the traffic, and all those pertinent details. Be sure to include landmarks, mile markers, and the major intersections when you take down notes. This will allow you to go back to the incident later if you need it to refresh your memory.

Take Note of Possible Witnesses

A personal injury attorney in Los Angeles area emphasizing in accidents noted that it is vital for any legal matter to have witnesses because they make your case stronger. If possible interview everyone who is on the scene who may have possibly witnessed the moment of impact. If they permit, record your conversation with your phone’s audio recorder. You can write down the key facts in a piece of paper.

Collect as much information as you possibly can while the accident is still fresh on everyone’s minds. Don’t forget to collect their names and contact details, as well, because your lawyer may need to interview them at a later date.

Alert Your Insurance Company

Contact your insurance company to inform them about what happened. Don’t state that it is your fault. Just give as much factual information as you possibly can, so they can document the crash and review it later when you file a claim.

Contact Your Lawyer

A motorcycle accident, especially one that is caused by an errant and negligent party, will be a traumatic period for you. If you suffered injuries, you may have exorbitant medical bills to deal with. This can also mean having to incur expensive rehabilitation bills. On top of that, this means a huge loss in income because you cannot get to work.

Don’t forget to add your damaged motorcycle to the list. All of these, along with the trauma, pain, anxiety, sleepless nights, and inconveniences of the accident to you and your family, must be properly compensated. By handing over your case to a reputable law firm means you get a greater chance of winning a good settlement.

Your lawyer will gather all the necessary evidences and documents on your behalf, so you can focus on the more important aspect of recovering after your accident. It is critical to contact a lawyer immediately to protect your interest, especially from the other driver’s insurance agents who will come to you like vultures.

Filed under: General

Thoughts on Catalan Independence Ideology

Last updated: April 03, 20248 Comments

These are some of my thoughts on the Catalan independence movement.

The first version of this article was written in October 2019, when we experienced some pretty outrageous scenes in Barcelona due to the violent protests following the sentence handed out to the politicians who were behind the separatist movement that held a unilateral referendum and declared Catalunya independent from Spain in 2017.

As always, I speak from the heart and without any filter. My thoughts and feelings come from a place of neutrality seeking common sense. I do have many Catalan friends and have absolutely no problem with the population in general. I’ve even learned Catalan myself out of my own interest and have nothing against the language itself. I always welcome learning more languages, albeit with the right priorities. I love life in Barcelona, but think it could be better if these independence shenanigans were put to rest once and for all.

The historical basis for independence

Most separatists seem to think that in the past Spain conquered Catalonia and has since then kept it reigned in by the use of force in a fascist way. This is simply false.

Spain is the result of the merger of 3 Kingdoms: Castile, Aragon and Navarra. Only Navarra was conquered by force. Aragon included Catalonia, Aragon, Valencia and the Balearic Islands. The merger between the crowns of Castile and Aragon in the 1480s was voluntary and served the interests of both monarchies.

The only time in which a full-fledged invasion and conquest succeeded was at the end of the War of Spanish Succession, ending on 11th September 1714 when Barcelona fell to the combined armies of Castile and France, not Spain as such. The Kingdom of Spain as a totally unified juridical entity, as opposed to a composite monarchy, started to exist at that date so, technically, Spain could not have invaded Catalonia.

Secessionists talk endlessly about the events of 1714, when the detested Phillip V’s troops blasted Barcelona into submission at the end of the War of the Spanish Succession. Rarely if ever mentioned are the events of 1701 & 1705, when the very same Phillip V was welcomed into Barcelona and crowned King of Aragon & Count of Barcelona by Catalonia’s assembled representatives. The official State Bulletin of the Kingdom of Aragon published an Act of the coronation, in the Catalan language (incidentally, Phillip was numbered ‘IV’ instead of ‘V’, as the first of the Phillips was only king of Castille, never of Aragon). Five years later, in 1705, the same Catalan politicians decided to ignore their earlier oaths of loyalty to their king and instead transferred their loyalties to Archduke Charles, a Habsburg pretender. At the time it looked like a winning bet, but the war was eventually won by Phillip de Bourbon and Catalonia thus found itself on the losing side of the conflict. If they’d have remained loyal to Phillip all along, subsequent history might be very different and 1714 would never have happened.

Another wonderful, albeit false, legend related to 1714 has Barcelona’s chief executive authority (Rafael Casanova) defending the city to his last dying gasp as the Bourbon troops of Phillip V proceeded to break through the walls and mercilessly crush Catalan resistance. To this day, homage is paid to this peculiar hero every year on the date the city fell, 11/Sep., an act of obligatory participation by all leading Catalan politicians. In actual fact, the real R.C. deserted his post when it was clear the battle would be lost, and escaped the city disguised as a monk. He lived a further 29 years, practicing law a nearby town with the full knowledge of Madrid’s authorities, who granted him a cozy amnesty a few years later. He died in 1734.

The economic case for independence

Leaving the tales of history aside, perhaps a slightly more valid cause for claiming independence would be the economical abuse of Catalonia from the rest of Spain, and particularly Madrid. This is what many separatists keep repeating. They paint Catalonia as a paradise with hard-working people, economical and cultural riches. They claim that Spain is usurping all the good things from Catalonia for the benefit of Madrid and other regions in Spain. Let’s see if this holds up.

The number of cases of corruption is among the top 3 regions, with some of the worst scandals in recent history. During decades, the corrupted political rulers of Catalonia, exemplified by the former President’s family, the Pujols, have sacked the hard-earned taxes of Catalans and Spaniards, extorting businesses and industries who wanted to apply for regional projects. This system, known as «el tres por ciento» (literally, «the three percent») is now being prosecuted in courts of Law, exposing the dark side of corruption in Catalonia. The entire Pujol family, and many Catalonian politicians are being investigated, some having been sent to prison, in an embezzlement case of over €1 billion in total.

Spain is not robbing Catalonia. Madrid actually transfers more of its GDP to other less-developed regions in Spain that Catalonia does. At least for other regions have a higher per capita income than that of Catalonia, so there goes the myth of Catalans somehow being superior and more hard-working than the rest of the Spanish people.

A Madrid no la va mejor que a Cataluña porque es capital. Madrid fue siempre capital y a Cataluña siempre le iba mejor.

Madrid le ganó a Cataluña en PIB per capita por su actitud positiva hacia las inversiones y hacia las empresas.

— Martin Varsavsky 🇺🇦 (@martinvars) November 26, 2020

Catalonia also imposes the most and highest taxes amongst all Spanish regions. For example, wealth tax has been removed in Madrid, however it is still in force in Catalunya. Income taxes are also higher in Catalonia than in many other regions. They even introduced a tax on luxury items.

Catalonia, which has twice as many regional taxes when compared to the rest of the Spanish regions, ranks last in the Tax Foundation’s 2020 Spanish Regional Tax Competitiveness Index, a feat which they repeated in 2021. In 2020, a new tax on amenities with an environmental impact was ratified after the tax on the environmental hazard of radio-toxic elements was declared unconstitutional. Catalonia also reduced the inheritance tax credit and raised the marginal income tax rate by up to two points. Additionally, it has one of the worst-structured individual income and wealth taxes.

The mismanagement of the economic downturn by the Catalonian government, which focused more on the cause of independence than on the everyday-life problems of catalans, has had the effect of impoverishing Catalonia while other less affluent regions, like Madrid, Baleares, or the Basque region have grown strongly as Spain started recovering in 2015. In fact, Catalonia has been helped by the Central government to surmount its crisis. Now the Catalonian debt has a junk rating on it. All of this has been a serious blow on the self-esteem of Catalans in general, and to blame others has been the only way their regional Government has found to cope with it.

There is no real economic basis, therefore, and the Catalan separatist movement is not original at all, in fact, it is part of a global nationalistic and populist trend that we’ve been seeing in the past 10 years.

Is a Catalan state even possible?

The feasibility of an independent Catalan state is pretty much null, so the whole argument of whether Catalunya should be independent or not is a non-starter in my opinion. I understand that some Catalans think that they pay too much taxes to the Spanish state and don’t receive enough benefits, and that the region had its language and culture suppressed under the Franco regime, but that’s really as far as it goes. It’s not a reason to claim independence.

The situation we have now is purely the result of a few politicians manipulating a big mass of people into believing that most of their problems can be blamed on Madrid and Spain, and a Catalan independent state is the solution. For anyone who is economically literate and knows some basic history of Spain this is very obviously a false concept. Politicians in Catalunya over the past few decades have been as corrupt as they come, so I don’t understand why they blame the politicians in Madrid for any problems here in Catalunya.

The claim by the Catalan politicians that they have every right to make a referendum for self-determination is ridiculous. Self-determination referenda are not allowed by the Spanish Constitution, precisely because the subject of our sovereignty is the Spanish Nation as a whole. This is pretty logical.

I’ve lived through something similar when I lived in Malta. In the early 00s the nation was split right along the middle on the question of whether the country should join the European Union or not. For anyone with any sense the answer was obvious, however as usual the whole thing got politicised with the Labour party taking the No camp and the Nationalist party taking the Yes side.

The Labour party promised they would make Malta the new “Switzerland in the Mediterranean”, assuring that the tiny island did not need any help from Europe going forward, and that membership would only result in Sicilians invading Malta and the country losing much of its culture and charm. Luckily the referendum was won (with a very slight majority) by the Yes camp and so Malta eventually joined the European Union, adopted the Euro and is now doing very well as a country economically.

In Catalonia, the politicians promise that with independence, the region will become the new “Denmark of the South”. Funny how things repeat themselves. Both in Malta’s case and in Catalonia’s, these are absolutely false ideas that are simply non-starters and only serve to manipulate citizens.

Are Catalans Oppressed?

The Catalan separatists paint themselves as an oppressed nation. Anyone who has visited or lived in Catalunya knows that this can’t be further from the truth. I find it highly insulting to the people who are really living in oppressive situations around the world, starting from the Palestinians on the Gaza strip not too far away.

If anything, the non-separatist people living in Catalunya should be considered oppressed, since you have to be careful how you talk in public about this issue or you might get insulted or assaulted. I learned that the hard way when I first arrived to Barcelona when I went out with a Spanish national football team t-shirt (I was unaware of the conflict) and was shouted at and insulted until someone explained to me what the problem was. I still find the incident ridiculous and it’s just a perfect example of the non-pacific and non-tolerant nature of many separatists, who go to great lengths to paint themselves as pacific protestors and as the victims in this whole situation.

Moreover, in all public schools, the Catalan language is given much more importance than Spanish. I don’t understand why a region that is so internationally involved would want to favor a little-used language in favor of Spanish, not to mention English. In fact, due to a rule barring anyone who doesn’t speak Catalan from a teaching position in public schools, most English teachers are actually Catalans with a limited knowledge of English and definitely no British or American accent, so people end up graduating with very basic to non-existent English skills.

I’ve had some people accuse me of spreading lies, insisting that both Spanish and English are taught in schools and students end up being trilingual or bilingual at worst. I’ll just leave a few links about that, judge for yourself:

  • https://elpais.com/espana/catalunya/2021-11-23/la-justicia-tumba-la-inmersion-linguistica-en-cataluna-pero-la-generalitat-pide-a-los-centros-que-no-hagan-ningun-cambio.html#?rel=mas
  • https://elpais.com/espana/catalunya/2021-12-07/denunciados-por-amenazar-a-la-familia-que-pidio-el-25-de-lengua-castellana-en-la-escuela-para-su-hijo-de-cinco-anos.html#?rel=lom

If you’re in Catalunya, just chat up any random teenager or young adult in English and see how well they speak the language. Those who do invariably have studied the language in private at one of the many private language centers in the city.

If you’re an expat with a family, you should seriously consider whether a move to Catalunya is right for you, unless you have the means to send your kids to international private schools. I know several expats who lament the fact that they didn’t plan around this factor, and now have kids whose first and main language is Catalan, which is the 3rd or 4th language of their parents, and thus this ends up limiting their interaction with their kids.

Having grown up in a school that taught me four different languages, I understand and value knowing more than one language, but you need to be practical in these matters. In Malta, natives speak Maltese between themselves, but would never dream of teaching academic subjects in Maltese or preferring it over the other national language; English. The reason is that English is simply vastly more useful in a globalized world. If you speak to parents who send their children to public schools, you will also hear stories of children being indoctrinated in Catalan culture over that of Spain or Europe, so there is a much higher chance of them growing up with a separatist mentality.

During this period of protests and violence, we have also seen universities being shut down by separatist students, preventing the rest of the students and teachers from entering their classes and proceeding with their education. Again, who is being oppressed here?

[Read more…]

Filed under: Expat life

Why I Don’t Care About Income and Net Worth Reports

Last updated: November 17, 20224 Comments

When searching for articles about investment and making money, you will surely come across many bloggers who publish their monthly income reports or also post net worth reports.

I would recommend that you don’t pay too much attention to those numbers. I personally don’t care much about them.

I used to follow many blogs that published income reports in my early years on the internet at the turn of the century, and they inspired me to start my own blog. While the income reports were part of the inspiration, I followed them primarily to learn about internet marketing and similar topics, since books were of limited use in a space that was changing extremely rapidly on a daily basis.

Many people, on the other hand, fall into the trap of focusing too much on the dream rather than on the work necessary to achieve it. The bloggers/influencers know this, and a lot of them make money by promoting a dream lifestyle that many will pursue, but only a few can and will obtain. Hence we end up having this sort of pyramid scheme, with the only source of income being the money from the thousands of people (many of whom don’t have the right prerequisites) who buy the products/courses they promote in the hope of learning what they need to know to make money online.

In recent years, as I got into the world of finance and investments, I again started to see many of the FIRE bloggers doing the same thing that was popular with the early internet marketing blogs, so I thought it was a good time to write this post.

While I’m not saying that they’re lying or manipulating their numbers in order to persuade people to do what they are saying and obtain the same results, I think that business and investing involves a plethora of decisions that are extremely based on each individual’s character and aptitudes.

Consider a few things:

  • They might not include the value of their homes in their net worth.
  • You don’t know if they received large inheritances or have considerable family wealth to fall upon.
  • They might be manipulating their figures.
  • Many are posting anonymously, so we don’t know anything about them really.

There are many other considerations I could come up with, but this is a quick post that I want to get out there.

There are now a ton of blogs about investing and personal finance in Europe, and many of them shouldn’t be trusted as a source of advice for your investment journey. Most of them are just distractions from the real research you should be doing.

See also: Why you shouldn’t ask for financial advice online

You want to learn about the type of investment you want to enter by getting to know the industry very very well and then trying things out bit by bit until you get a sense of whether it is a good fit for you.

As we’ve seen in previous decades with other related niches, much of personal finance and investment bloggers’ income comes from affiliate commissions from the platforms they recommend and not from the actual investments they make. That doesn’t make sense in my opinion.

There is no point listening to someone whose investments are making him a couple hundred euro a month at max, because he would definitely not have enough experience to be considered a reliable source of knowledge.

Be realistic; why would anybody go to such great lengths to share their financial journey just to help you make more money for yourself? Most are trying to sell you something. Very few genuinely like to write about their journeys in different areas of life just because it makes them feel better or it helps them clear their minds. Try to find those kinds of people as they are a much better source of information.

Typically I try to look for the following traits in the bloggers I follow:

  • They write about several topics coherently for many years.
  • They don’t hide behind the veil of anonymity.
  • They are verifiably successful in their careers.
  • They speak about both good and bad experiences.

That’s my little rant for today. I hope it helps you focus on the right information, as one of the biggest barriers separating you from genuine wealth and success is the overload of information you can find on social media and the web nowadays.

I’ll also say that if someone publishes their income or net worth reports it doesn’t mean I won’t follow their blog, but it won’t be my reason for doing so, and it certainly won’t be the reason why I decide to invest in something or not.

On the other hand, I consider journaling in a private or public fashion to be very helpful to keep track of your thoughts and decisions over time. I have also been thinking of starting to publicize my monthly thoughts on my portfolio’s performance, without focusing too much on the numbers. What is really important in these monthly reports is to observe the decision making criteria of the investors, and get some insider tips on how each platform is doing.

Be very choosy in what you read and whom you trust. Always try out things yourself in small doses before you go all in. Diversify and keep expanding your knowledge every day.

Do you agree with my point of view? Let me know in the comments section.

Other thoughts on the same subject

I’m not the only one who dislikes income reports, although I’m also seeing a trend of bloggers who first become famous using income reports, then suddenly say that they are not helpful and that they won’t publish them anymore, a typical bait-and-switch tactic as far as I’m concerned, but I digress.

Here are some other articles on the subject that might interest you:

  • The danger of reading blogger income reports
  • Why you’ll never see an income report from me

What to do instead

If you want to learn how to invest and manage your money in a better way, I suggest doing the following:

  • Read as many books on the topic as you can.
  • Network with other investors and find masterminds of like minded people.
  • Get coached and mentored by an experienced investor. My friend Shlomo Freund offers such a service, so check that out.

Filed under: Thoughts & Experiences

Can You Withdraw Money from Stripe to Wise Borderless?

Last updated: October 22, 20243 Comments

Many online businesses use Stripe to collect payments for their products, as an alternative to PayPal or other payment gateways.

If you’re one of the many online businesses that sells in USD but has its local bank accounts in another currency (such as Euro) you will be losing money every time you transfer due to exchange fees from your bank.

A better alternative would be to set up a Wise Borderless account then link it up to Stripe as your bank account, using the USD account details provided by Wise in your Borderless account.

You can then withdraw USD at any point from Stripe and it will be deposited into your Wise account at no extra charge on either end. Note that for European companies Stripe charges a 1% fee on withdrawals in USD, which I find unnecessary and abusive.

Filed under: Business

How to Buy Properties, Cars and Other Assets at a Discount in Spain via Bank Auctions

Last updated: December 23, 20194 Comments

In Spain, there are thousands of properties that have been seized by the bank due to the bankruptcy of the developers or other problems that have led to loan payments to the bank being jeopardized. Most of these repossessions happened during the crisis of 2008 when the housing bubble burst.

Most of the foreclosed properties can be found in these regions:

  1. Andalucía
  2. Valencia (Costa Blanca area)
  3. Catalonia
  4. Madrid

After some time passes, sometimes years, the properties are put on the market and sold via an auction. Every person or company can take part in these provided they have a NIE and a digital certificate.

Through these auctions, you can get your hands on a property, for example, an apartment or even a garage, at a significant discount over the market price. Many of these properties have no problems so they represent a potentially great deal.

I only got to know about these auctions when my neighbors told me that some apartments and parking spots in our building were being auctioned off due to the original developers of the apartment block having gone bankrupt several years before.

I decided to participate in the auction by bidding on a few parking spots, mostly to learn about how things work and see what kind of a discount one could obtain.

In the end, it was quite an exciting experience. When you make a bid, you need to send over a percentage of the total value of the item you’re bidding on via a bank transfer. Then you make your bid which must be higher than everyone else’s. You will then receive notifications whenever your bid is superseded.

Each auction has a set closing time, but that doesn’t mean things end there. Basically, whenever there is a new bid, the auction end time is extended by an hour, and in this particular case two of the items I bid on were dragged on for another 12 hours, and that included the night as the auction originally ended at 6pm. Clearly there were some motivated bidders who stayed up all night in order to get the parking spot.

When bidding, you also have the option of keeping your bid in queue once the auction closes. This means that if you’re the second-highest bidder and the highest bidder fails to pay within 20 days, you become the winner of the auction and it would be your turn to pay up. The process continues until a paying bidder is found. Note that the bidder who doesn’t pay loses his deposit.

Of course, what you all want to know is what discounts can be obtained when you make these bids. So here are the results from the parking spaces I bid on.

Parking spot 1

  • Value: €20,334
  • Winning bid: €16,967 (20% discount)

Parking spot 2

  • Value: €21,103
  • Winning bid: €14,751 (30% discount)

Parking spot 3

  • Value: €17,649
  • Winning bid: €17,424

So some pretty nice discounts to be had there, 20-30% is great. On the other hand the other parking was sold at its value, although having seen the spots beforehand I couldn’t understand why the value was lower in the first place, as it was just as good as the other two.

In terms of hard cash, there were some even better savings for those who bid on the apartments in our building.

Apartment 1

  • Value: €621,615
  • Winning bid: €468,807

Apartment 2

  • Value: €652,315
  • Winning bid: €490,517

So the apartments were sold at a 25% discount on their assessed value. Not bad at all.

There are several sites which run these auctions, but the one I used is the Portal de Subastas.

There are some disadvantages to bidding in these auctions too that you should know about:

  1. You need to put down a deposit in order to bid on any auction. If you want to bid on several parking spots, for example, you will need to put down a deposit for each of them.
  2. If you win an auction, you need to pay up the remaining amount within 20 days. In the case of buying apartments, this can mean hundreds of thousands of euros, which not many people have casually lying around in their bank accounts ready to invest. It’s almost impossible to get a loan in such a short time too, so you really need to have the liquidity before going into such auctions. If you fail to pay up within the stipulated time, you lose your deposit.
  3. Sometimes you might not be able to see the apartment being auctioned off, which makes it a very risky thing to bid. Some apartments might even be occupied.

Have you tried getting a great deal through a Spanish auction? Let me know what your experience was like.

I’ve also come across a site specialised in helping people make money through auctions. Going through the free content I’ve also come to understand some of the pitfalls in a better way, so if you are going to try your hand at these kinds of auctions I would definitely advise getting the advice of an expert or at least self-educating using courses such as the ones provided on this site. I have no relationship with it, and there might be other similar ones out there. Note that the courses on this site are in Spanish.

Filed under: Money

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