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Vicky Kalfayan

BBC News - Cycling gets £94m push in England - 1 views

  • A number of English cities and national parks are to share a £94m cash injection to promote cycling.
  • The money is to improve existing and fund new cycle routes. The government says it also wants to cut red tape to facilitate cyclist-friendly planning.
  • "a cycling revolution".
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  • This government wants to make it easier and safer for people who already cycle as well as encouraging far more people to take it up and business, local government, developers, road users and the transport sector all have a role to play in helping to achieve this."
  • The government has also announced a feasibility study to look at creating a new national cycleway
  • Ministers hope to emulate nationwide the popularity of cycling in London - where the number of cyclists has doubled over the past 10 years, according to one estimate.
  • "Far more people prefer to drive, walk or catch the bus - in fact government statistics show that in 2012, just 2% of journeys in Britain were by bike."
  • "This is fantastic news for those living in the succe
  • this level of investment must be maintained and extended to all parts of the UK, including rural areas."
  • urge MPs of all parties to speak up for cycling in Parliament in September, calling for the funding needed to transform Britain's streets into a continental-style Cycletopia,"
  • "We now
  • he said.
  • "No amount of cynical spin from David Cameron will make up for the fact that, immediately on taking office, he axed Cycle England, the Cycle Demonstration Towns scheme and the annual £60m budget to support cycling that he inherited.
  • "Since then he has axed targets to reduce death
  • s and serious injuries on our roads, reduced traffic enforcement,
  • cut the THINK!
  • "Tragically the number of cyclist deaths are now at a five-year high, reversing the progress that was starting to be made,
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    You may not use this article since I've used it in class. Must find your own.
azuccolo15

Parliament Congratulates Gallant Farmers … As Dr. Owusu Afriyie Pleads For Ch... - 0 views

  • Dr. Akoto Owusu Afriyie has suggested to government to move from the Invoice System of distributing fertilizers to farmers, to the Pass Book System
  • The Invoice System, according to Ranking Member for the Food and Agriculture committee in parliament, had accounted for increased smuggling of fertilizers in the last five years, whilst compelling farmers to purchase fertilizers at black market price.
  • “Change the system of distribution of fertilizers, during Kuffour’s regime, it was based on a card slip and every farmer has a pass book and there was sole distributor in the district and beyond. You go with your pass book and sign to receive two bags for which you pay the subsidized price
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  • Continuing, he said farmers do not get fertilizers to buy and even if they do, they pay black market price which was far more than the market price
  • For instance, he said this year, government had imported 180,000 tonnes of fertilizers but argued that the amount that would go to farmers was not known because under the invoice system of distribution, beneficiaries of the subsidized fertilizers could not be traced and recorded
  • And is our proposal to the government to increase their allocation to the ministry
  • He urged the government to channel a large chunk of the revenue that would be generated from the oil and gas sector into the development of agriculture in the country
  • The Atwima-Nwabiagya South MP urged his colleague MPs to use their positions to help solve the challenges the farmers faced in the countr
  • Mr. Abu, on his part, stressed the need to make the farming profession lucrative in order to reduce the retention rate and attract the youth.
  • “It is important that our farmers are encouraged to remain in Agriculture and adopt scientific and modern practices of farming to enable them increase their production and productivity every season to reduce hunger and poverty,” he said.
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    Also a good article for a discussion on subsidies, their role and consequences.
Diogo Reino da Costa

Portugal's unemployment rate hits 18% | World news | The Guardian - 0 views

  • Portugal
  • unemployment
  • rate hit a startling 18% of the working population.
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  • revealed that youth unemployment had soared even higher, with 43% of the under 25s who are not studying now unable to find work.
  • The first quarter
  • "It is a dramatic and brutal increase," said Helena Pinto,
  • a leap in emigration by people desperate to find work.
  • Portugal's economy is expected to shed yet more jobs and shrink by a further 2.3% this year,
  • bidding of the troika of lenders who keep it afloat - the International Monetary Fund, the European Central Bank and the European Commission.
  • government forces ever-deeper austerity
  • Portugal has now been in recession for almost three years
  • Passos Coelho's announcement
  • he would cut another €4.8bn spending over the next three years is expected to harm short-term growth further.
  • sack one in twenty public employees,
  • increase civil service working week from 35 to 40 hours
  • raise the retirement age by a year to 66
  • austerity has so far failed
  • taming the country's budget deficit
  • 5.7% interest
  • country's constitutional court threw out €5.8bn in cuts to
  • civil service pay and sickness benefits.
  • the government selling ten year bonds
  • raising €3bn
  • could have sold three times as much debt this week
  • potential recovery in a country which needed €78bn of bailout money to escape bankruptcy
  • fail to spark growth
  • raising hopes that Portugal could wean itself off aid next year.
  • The government forecasts a third straight year of recession
  • unemployment rising to 18.5%
  • austerity
  • other southern European countries
  • increased last year from 4.4% of GDP to 6.4%.
  • signs of softening
  • the troika
  • extended the repayment period for Portugal's bailout loans
  • seven years
Vicky Kalfayan

Saudi Arabia may close shops early to boost employment - paper | Reuters - 1 views

  • Saudi Arabia is expected to make shops close at 9 p.m
  • encouraging employment by making sales jobs more attractive.
  • push young Saudis to take jobs in the private sector by closing a gap in pay, benefits and working hours with government posts, which has been the main source of national employment for decades.
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  • government is trying to encourage young people to take such positions to address long-term unemployment.
  • The official unemployment rate for Saudis is around 12 per cent. However, economists estimate that only 30-40 percent of working age Saudis participate in the workforce, either by holding jobs or seeking employment.
  • years of successive fiscal surpluses and foreign currency reserves
  • economists often warn that high government spending, particularly on salaries, is unsustainable.
Alex Iancu

Riders mount horse blockade of Paris over stable tax - Telegraph - 0 views

  • Lorry drivers and horse riders will seek to block roads in and around Paris and other major cities on Monday after a weekend of protests that saw several thousand truck drivers cause disruption across France and up to 40,000 “red caps” protest in Brittany against tax hikes and job losses.
  • Horse riders will take to the streets of Paris to denounce a plan to raise VAT on stables from 7 per cent to 20 per cent.
  • Meanwhile, lorry drivers plan to block roads around Lille, in the North, and Marseille, in the South in the latest effort to force the French government to cancel the so-called "ecotax" through which it aims to raise more than 1 billion euros a year to finance mostly rail infrastructure projects
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  • the French government has suspended its implementation until 2015
  • 26 blockades on France's main road arteries on Saturday
  • Up to 4,500 trucks caused significant disruption from the Paris region to Bordeaux and Aix-en-Provence in the south, affecting transit towards Spain and Italy
  • Meanwhile, in Brittany, up to 40,000 people took part in a rally in Carhaix, many wearing “bonnets rouges” (red caps) that have become synonymous with rising anger against President François Hollande’s punitive tax hikes.
  • “Brittany is being scorned and ignore
  • The government is due to propose a “Pact for the future of Brittany” on Wednesday which it hopes will finally quell the protest movement and stop it spreading to other regions.
  • Jean-Marc Ayrault, the prime minister, has promised a “total overhaul” of France’s tax system to quell tensions – an overhaul that Mr Hollande says will take his entire five-year mandate to complete
  • Jean-Luc Mélenchon, head of the Front de Gauche (Left Front) party, warned that “France is in 1788”, namely on the verge of revolution. “The tax system is rejected by all as everyone knows that it protects the privileged wealthy,” he told Le Parisien.
  • “We are asking for a tax reform respecting a simple principle: everyone pays and the more you earn, the more you pay.”
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    Very interesting article dealing with French protests against tax that appears to be protecting the wealthy. A lot can be discussed when analysing this article; the outcome of the blockades can be a subject of discussion (how it delayed transport, for example), also, Elasticities can be dealt with, as PES is clearly higher than PED in this case. 
azuccolo15

BBC News - No change on North Lincolnshire housing grant ban for smokers - 1 views

  • A council has said it will not change its policy on refusing housing grants to tenants who smoke, despite spending just 10% of the available budget
  • North Lincolnshire Council is responsible for distributing government money to help people affected by the removal of the spare room subsidy
  • The change in housing benefit rules was introduced in April and has been dubbed the "bedroom tax" by Labour
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  • The authority's payment ban also applies to social housing tenants who subscribe to satellite television channels
  • The Department for Work and Pensions (DWP) provides £25m per year in Discretionary Housing Payments to allow local authorities to provide support for tenants affected by the change.
  • Under the changes, 14% is deducted from housing benefit for people with one spare bedroom, and a quarter for two or more.
  • "If their spending includes satellite television. If it includes smoking then what we say to you is we can't give you extra taxpayers' money to support you to continue to make those life choices.
  • He said: "I find it quite shocking that the council are saying they're not going to use the money to support people if they happen to be in a contract for satellite TV, which they might have taken before the bedroom tax came in to effect, or they are smokers
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    Good article for externalities! Enough room for commenting on the underlying economic concepts.
  •  
    MLA Citation: "No Change on North Lincolnshire Housing Grant Ban for Smokers." BBC News. BBC, 2 Dec. 2013. Web. 12 Dec. 2013. http://www.bbc.co.uk/news/uk-england-humber-25154871 This article best applies to the microeconomics section of this course. To be more specific, it is a good example of negative externalities and how governments try to combat them, as well as the idea of subsidies.
azuccolo15

Japan to oppose fishing subsidies ban in TPP trade negotiations | The Japan Times - 1 views

  • Tokyo plans to oppose a U.S.-proposed ban on fishing subsidies in the Trans-Pacific Partnership free-trade talks that Japan will join from July, due to the numerous adverse effects it might have on the nation’s fishing industry, government sources said Saturday
  • If the interdiction is implemented by the 11 current TPP member states, the government will call for its scope to be limited to subsidies that would unquestionably lead to overfishing, as the Japanese fishing industry heavily depends on this source of funding, according to the sources.
  • The government’s position also reflects concern the ban may include subsidies for the construction of ports and other infrastructure, hindering recovery efforts in coastal regions where the 2011 earthquake and tsunami ravaged local fishing industries
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    This article more suitable for for Section 3 - International Economics
anonymous

BBC News - E-tolls lead to South Africa traffic jams - 1 views

  • The "e-toll" system affects the ring road around Johannesburg and the motorway to the capital, Pretoria.
  • The government says the toll is need to pay for improved roads
  • fuel tax, VAT and existing tolls
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  • e-toll gantries and a conventional, manned toll-gate.
  • monthly fee of 550 rand ($54; £33) to use the roads, while those who do not register pay up to three times as much if they do not pay within seven days.
  • Their car number plates are scanned by gantries over the toll roads and bills sent to their homes if they have not paid in advance.
  • Critics have described the system as "highway robbery".
  • The government says the e-toll is the only way it could have afforded to improve the congested roads around the commercial capital, Johannesburg.
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    This should be an interesting article for you to analyse and evaluate.
Alex Iancu

Ponta: Cutting CAS and implementing tax exemption for reinvested profits measures possi... - 0 views

  • Cutting CAS and implementing tax exemption for reinvested profits measures possible to achieve
  • Prime Minister Victor Ponta on Monday told the plenary session of the Deputies Chamber that the cutting of the contributions to social security (CAS) by 5 per cent, the same as the introduction of the tax exemption for the reinvested profits are both projects that are 'reasonable" enough and 'possible to achieve.'
  • I believe that with competitive tariffs for energy and an adequate fiscal-budgetary policy, to combine cuttings with a corresponding financial-budgetary discipline, we will succeed in maintaining the economic stability of Romania, in 2015 and 2016 as well," Ponta said.
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  • 'Reducing contributions to social security by 5 percentage points in the second half of the year is expected to have an impact on the budget worth probably around 2.6 billion lei. This means that the impact next year will be worth around 5.2 billion.
  • the government wants to reduce spending and obtain additional budget revenues so that to be able to cover the 2.6 billion leu in the second half of the year and the 5.2 billion in 2015,' Ponta said.
  • this cutting as a necessary condition for the further economic development of the country and the encouraging of the fiscal facilities and creation of jobs starting on July 1.
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    Romania changes its supply side policies. 
Giovanni Perini

BBC News - Wildlife groups criticise green farm subsidy move - 0 views

  • Wildlife groups criticise green farm subsidy move
  • spending a bigger share on the environment despite a smaller overall budget for subsidies.
  • transferring 15% of grants away from direct payments for farmers and into protecting wildlife and helping the rural economy.
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  • "Farmers already pocket huge amounts of cash without having to farm in ways that reduce their effect on wildlife
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    I think this is a good article for negative externalities of production (the impact of farming on wildlife) and the actions the government should take, as well as subsidies.
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    Interesting article too, but I think you may have more to write about with your wool article.
Dursun N1

BBC News - Indonesia fuel prices rocket by 44% sparking protests - 0 views

  • Indonesia fuel prices rocket by 44%
  • sparking protests
  • Indonesia's government has cut a huge fuel subsidy
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  • The subsidies are estimated to cost about $20bn a year, equivalent to almost 3% of Indonesia's total economic output.
  • petrol prices to rise by 44% and diesel by 22%.
  • Thousands of motorists rushed to fill up before midnight, after the measure was announced late on Friday.
  • The announcement sparked clashes in the capital, Jakarta, where protesters blocked roads and fought with police.
  • Indonesians had been demonstrating on the streets of many major cities all week in anticipation of the rise.
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    Interesting article discussing microeconomic concepts. Just make sure there is enough to foster a 750 words analysis. Please insert the highlights so it is clear which concepts you will be analysing.
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    This is an article about the drastic increase of fuel prices after Indonesia's government has decided to cut a huge fuel subsidy.
Valeriu Moraru

BBC News - Australia to hike tobacco taxes to raise $4.7bn - 0 views

  • Australia to hike tobacco taxes to raise $4.7bn
  • The Australian government is to increase taxes on tobacco, raising A$5.3bn ($4.7bn; £3.1bn) as it seeks to offset a revenue shortfall.
  • Prices will rise by 12.5% per year for four years starting from 1 December. The government said the move would also provide funds for treating cancer and providing stroke-related services. The Labor party is expected to update budget figures on Friday, as it prepares to announce a date for an upcoming general election.
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  • Treasurer Chris Bowen said the move would achieve "several purposes". "It will provide funds for cancer and stroke-related health services, it will deter young people from taking up smoking, and it will help return the budget to surplus," he said. It adds to Australia's move to introduce plain packaging for tobacco products in December after a landmark High Court victory again major tobacco firms.
  • Kevin Rudd, who successfully challenged Julia Gillard for the ruling Labor Party leadership last month amid dismal polling figures, has not yet specified when the election - originally set for 14 September - will be held, but it must take place by 30 November.
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    Good article for microeconomics. Just be sure to discuss all the key economic concepts involved.
Marc M

F.D.A. Ruling Would All but Eliminate Trans Fats - NYTimes.com - 1 views

  • The Food and Drug Administration proposed measures on Thursday that would all but eliminate artery-clogging, artificial trans fats from the food supply, the culmination of three decades of effort by public health advocates to get the government to take action against them.
  • Related
  • margarines and coffee creamers. Banning them completely could prevent 20,000 heart attacks and 7,000 deaths from heart disease each year, the F.D.A. said.
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  • That means companies would have to prove that such oils are safe to eat
  • Americans ate about one gram a day last year, down from 4.6 grams in 2006
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    Good article. Don't forget to evaluate.
Iris Tilea

BBC News - Mexico passes 'junk food tax' reform - 1 views

  • tax reform bill imposing new levies on junk food and soft drinks.
  • aims to boost government revenue by increasing top earners' income tax.
  • extra cash will go on infrastructure and social security
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  • Mexico recently surpassed the United States as the country with one of the highest obesity rates in the world.
  • 32.8% of adult Mexicans are obese, compared to 31.8% of Americans.
  • The law imposes a levy of 8% on junk food, after the Senate increased it from the 5% originally proposed; and creates a tax of one peso ($0.07; £0.04) on every litre of soft or sugary drinks.
  • The legislators also passed a controversial hike in value added tax (VAT) for border regions, from 11% to 16%.
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    This is a good article. There should be plenty to analyse and evaluate.
Octav Ivanescu

Price freeze imposed in calamity zones | Headlines, News, The Philippine Star | philsta... - 1 views

  • MANILA, Philippines - The government has imposed a price freeze on basic commodities in areas placed under a state of calamity following the devastation wrought by Typhoon Yolanda.c
  • The price freeze will be in effect for a maximum of 60 days, unless lifted by President Aquino.
  • The price freeze covers rice, corn, bread, and fresh, dried and canned fish, as well as other marine products, fresh pork, beef and poultry, eggs, fresh and processed vegetables, root crops, coffee, sugar, cooking oil, salt, laundry soap, detergents, fire wood, charcoal, candles and medicine classified as essential by the Department of Health.
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    This is an interesting article. It would be fun to see how you take this and apply it to what we have covered thus far.
Andrei Vacarus

BBC News - E.On to raise energy prices by 3.7% - 1 views

  • The increase will add £48 to the average dual fuel bill, and will take effect on 18 January.
  • Customers who only have an electricity account with E.On will see prices rise by an average of 3.7%, or £20 a year.
  • 4.6% more
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  • "Simply relying on the recent levy changes is not going far enough," she said.
  • British Gas, the UK's biggest energy supplier, has already announced that it will cut prices by 3.2% on 1 January, following the government rebate.
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    Good choice of article for micro-economics. There should be enough to analyse and evaluate.
Jeremy Christianopoulos

Rotto businesses want ferry subsidy - The West Australian - 1 views

  • subsidy on the growing cost of a ferry ticket to attract more people to the holiday island.
  • State Government's control of the island
  • pushing a same-day return ticket down to $30 in winter, with the help of a State Government subsidy
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  • The current day trip for an adult is $75 return from Fremantle with Rottnest Express. A day return trip from Hillarys on Rottnest Fast Ferries comes in at $84
  • "If that was the price wouldn't you say: 'Let's not go to Hillarys or somewhere else in Perth, let's go to Rotto have a beer and lunch and come back at five o'clock'," he said.
  • a simple measure that would automatically improve patronage.
  • The prices include a $16.50 landing fee, which blows out to $21.50 for an extended stay.
  • estimated to be more than $5 million annually.
  • Mr Papandroulakis said he had informal talks with Premier Colin Barnett on the subsidy issue.
  • Rottnest Express director Glenn Gaynor said his company offered 40,000 heavily discounted tickets per year, at prices that often left them operating the ferry service at a loss.
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    In responding to this article there is room to evaluate the impact of the subsidy and the reasoning behind it, but you want to make sure that will be enough to meet the word limit and provide you with at least one diagram.
Giovanni Perini

UK workers set for first real pay rise for four years | Business | theguardian.com - 1 views

  • UK workers set for first real pay rise for four years
  • Wage increases are finally expected to overtake inflation when prices and job figures are released this week
  • Economists believe inflation ticked down to 1.6% in March from 1.7% in February while annual wage growth is thought to have been 1.8% in the three months to February
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  • The thinktank expects the unemployment rate to have dropped to 7% in the three months to February
  • "That said, falling real incomes didn't get in the way of robust consumer spending growth over the last year. Household spending growth outpaced income growth as consumers saved less (or borrowed more)
  • This week's official data may show that the squeeze on real pay is now over.
  • "Earnings growth moving above consumer price inflation would also be a very welcome development for the government given Labour's focus on the cost of living.
  • Philip Shaw, economist at Investec, expects CPI to come in at 1.5%, which would be the lowest rate since October 2009, and he forecasts it will stay relatively low.
  • However we are keeping an eye on wholesale food prices – note that wheat prices (in sterling terms) are up 9.5% so far this year, while corn is 17% higher," he said.
Andrei Vacarus

Mexico to tackle obesity with taxes on junk food and sugary drinks | World news | thegu... - 3 views

  • parliamentarians passed a law imposing significant new taxes on junk food and sugary drinks.
  • "The lives of millions of Mexicans are literally at risk."
  • But the government has taken the long view – that the potential economic harm from reduced junk food and soft drink sales now is insignificant compared with the damage in 10 years time if obesity continues at the current rate.
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  • The taxes will increase the price of junk foods – those high in saturated fat, sugar and salt – by 8%
  • 9.2% of children in Mexico now have diabetes.
  • It will also put one peso (about 4p) on a litre of sugary drinks such as Coca Cola
  • "the Danish saturated fat tax is a dream from a researcher's point of view. We're beginning to get the preliminary results of the introduction of the tax. Of the data they have already got, it had a 4% effect on saturated fat levels. It is completely wrong to say it didn't work."
  • Related information
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    Good article for a microeconomics discussion. Make sure you identify, analyse and evaluate the underlying concepts.
Sara Lair

Shoppers in England to be charged for plastic bags | Environment | theguardian.com - 0 views

  • Shoppers will have to pay a 5p charge on every plastic bag
  • Charges are already in place in Wales, where there has been a 76% fall in plastic bag use since it was introduced in 2011
  • "A plastic bag charge is welcome news, but let's not get carried away. This small step will do little to tackle the nation's huge waste mountain and can't disguise the government's woeful green record.
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  • The proceeds will go to charities involved in clearing up the environmental damage caused by the bags rather than the government or the retailers.
  • Tougher action and ambitious targets are needed to cut waste and boost recycling, and bring England in line with the rest of the UK and much of Europe.
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    This article is covers some of the microeconomic concepts covered. Have fun discussing them and don't forget to evaluate!
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