~ SpringerWienNewYork
?fijkJfe[\idXee C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
SpringerWienN...
158 downloads
1049 Views
12MB Size
Report
This content was uploaded by our users and we assume good faith they have the permission to share this book. If you own the copyright to this book and it is wrongfully on our website, we offer a simple DMCA procedure to remove your content from our site. Start by pressing the button below!
Report copyright / DMCA form
~ SpringerWienNewYork
?fijkJfe[\idXee C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
SpringerWienNewYork
Gif]\jjfi8iZ_%?fijkJfe[\idXee =XZlckpf]8iZ_`k\Zkli\Xe[;\j`^e Le`m\ij`kpf]8ggc`\[JZ`\eZ\ JZ_\cc`e^jki%)+#.'(.+Jklkk^Xik K_`jnfib`jjlYa\ZkkfZfgpi`^_k% 8cci`^_kjXi\i\j\im\[#n_\k_\ik_\n_fc\figXikf]k_\dXk\i`Xc`jZfeZ\ie\[#jg\Z`]`$ ZXccpk_fj\f]kiXejcXk`fe#i\gi`ek`e^#i\$lj\f]`ccljkiXk`fej#YifX[ZXjk`e^#i\gif[lZk`fe Ypg_fkfZfgp`e^dXZ_`e\jfij`d`cXid\Xej#Xe[jkfiX^\`e[XkXYXebj% Gif[lZk C`XY`c`kp1 K_\ glYc`j_\i ZXe ^`m\ ef ^lXiXek\\ ]fi k_\ `e]fidXk`fe ZfekX`e\[ `ek_`jYffb%K_\lj\f]i\^`jk\i\[eXd\j#kiX[\dXibj#\kZ%`ek_`jglYc`ZXk`fe[f\jefk `dgcp#\m\e`ek_\XYj\eZ\f]jg\Z`]`ZjkXk\d\ek#k_XkjlZ_eXd\jXi\\o\dgk]ifdk_\ i\c\mXekgifk\Zk`m\cXnjXe[i\^lcXk`fejXe[k_\i\]fi\]i\\]fi^\e\iXclj\% )''/Jgi`e^\i$M\icX^&N`\e Gi`ek\[`e8ljki`X Jgi`e^\iN`\eE\nPfib`jXgXikf]Jgi`e^\iJZ`\eZ\"9lj`e\jjD\[`X jgi`e^\i%Xk CXpflkXe[:fm\i;\j`^e1?fijkJfe[\idXee Kpg\j\kk`e^`eKXjj\I\^lcXiN`[\Xe[9fc[N`[\ KiXejcXk`fe`ekf<e^c`j_1G\[ifD%Cfg\q#(','M`\eeX#8ljki`X Gi`ek`e^Xe[Y`e[`e^1?fcq_Xlj\e;ilZbD\[`\e>dY?#((+'M`\eeX#8ljki`X
Gi`ek\[feXZ`[$]i\\Xe[Z_cfi`e\$]i\\Yc\XZ_\[gXg\i JG@E1((0)'(*. :@G[XkXXggc`\[]fi N`k_('-'Zfcfli\[=`^li\j
@J9E0./$*$)(($+/.-($.Jgi`e^\iN`\eE\nPfib
KXYc\f]:fek\ekj
@ekif[lZk`fe
:_Xgk\i'(
:`e\dX+;×Fm\im`\nXe[EXm`^Xk`fe
:_Xgk\i')
?Xe[c`e^Gfcp^fe9f[`\j
)+
:_Xgk\i'*
:88;$@dgfik`e^Xe[Df[\cJ\klg
*-
:_Xgk\i'+
C`^_kJfliZ\j`e:`e\dX+;
,'
:_Xgk\i',
J_X[fnj`e:`e\dX+;
-)
:_Xgk\i'-
JgXZ\Xe[:\ekiXcC`^_k`e^
.'
:_Xgk\i'.
Jlele[;`]]lj\C`^_k@×@ek\i`fiJgXZ\j
/)
:_Xgk\i'/
IffdjXe[@e[`i\ZkC`^_k`e^
0'
:_Xgk\i'0
IffdjXe[8ik`]`Z`XcC`^_k`e^×=clfi\jZ\ekKlY\j
(''
:_Xgk\i('
IffdjXe[M`j`Yc\C`^_k
((-
:_Xgk\i((
IffdjXe[FYa\Zkj@×>Xcc\ip
(*'
:_Xgk\i()
JleXe[;`]]lj\C`^_k@@×@ek\i`fif]k_\KfdYXDXd$ Yi\kk`Yp>l`j\gg\K\iiX^e`
(+'
:_Xgk\i(*
JleXe[;`]]lj\C`^_k@@@×l`j\gg\K\iiX^e`
(,'
:_Xgk\i(+
IffdjXe[FYa\Zkj@@×Jg`iXcJkX`iZXj\
(.'
:_Xgk\i(,
K\okli\Xe[FYa\Zk×9i`ZbNXcc
(0-
:_Xgk\i(-
Dlck`gXjjI\e[\i`e^`e:`e\dX+;×:fdgfj`k`e^`e G_fkfj_fg
)(-
Jf]knXi\#Klkfi`Xc=`c\j @e[\o
)*)*.
/
-
@ekif[lZk`fe K_\[\g`Zk`fef]XiZ_`k\Zkli\`jXefc[Xik# `k gcXpj Xe flkjkXe[`e^ ifc\ `e k_\ Zlc$ kli\f]XiZ_`k\Zkli\Æefkc\Xjkf]Xccn`k_ gifa\Zkjk_Xkn\i\e\m\ii\Xc`q\[%K_\[\$ j`i\ kf j_Xg\ k_\ jg_\i\ f] n_Xk `j gfj$ j`Yc\# fi \m\e k_\ m`j`feXip Xjg\Zkj f] X Yl`c[`e^jkilZkli\fegXg\i#ZXemXjfife jZi\\eÆk_\fde`gi\j\eZ\f]Zfdglk\ij _Xm`e^c\[kfXe\ogfe\ek`Xc`eZi\Xj\`e k_`j[\j`i\$`jk_\le[\icp`e^dfk`mXk`fe f] k_`j Xik% K_`j dXb\j `k \m\i dfi\ [`]$ ]`Zlck ]fi k_fj\ Zi\Xk`e^ k_\j\ [\g`Zk`fej kf [\]`e\# [\m\cfg Xe[ _fe\ n_Xk nXj \Xic`\i befne Xj X Èjkpc\#É kf g\i]\Zk`fe% K_\ kffcj Z_Xe^\ Xcc kff hl`Zbcp# Xe[ `k `jeËk \Xjp kf b\\g k_`e^j `e g\ijg\Zk`m\# fi [`]]\i\ek`Xk\ Y\kn\\e n_Xk `j lj\]lc Xe[lj\c\jj% @kk_\i\]fi\j\\dj[Xi`e^kfkipkfdXb\ X _\cg]lc Zfeki`Ylk`fe kf fi`\ekXk`fe `e k_\Zfe]lj`e^]`\c[f][`^`kXcXiZ_`k\ZkliXc i\e[\i`e^ n`k_ X jc`d mfcld\ jlZ_ Xj k_`j%9lkk_\i\Xi\#`eYi`\]#knf`dgfikXek i\Xjfej]fin_`Z_@efe\k_\c\jjdX[\Xe Xkk\dgk% =`ijkcp#@nflc[]`e[`kXj_Xd\kfefkY\ XYc\ kf lj\ k_\ gfk\ek`Xc f] *; jf]knXi\ ]fi fe\Ëj fne Xik`jk`Z gligfj\j Æ dXafi XiZ_`k\ZkliXc Xjg\Zkj ZXe Y\ m`jlXc`q\[ n`k_`kXcckffn\cc1jgXZ\#Zfcfi#dXk\i`Xc`$ kp#c`^_kXe[j_X[fn%K_\knfcXjkXjg\Zkj Xi\ f] jg\Z`Xc `dgfikXeZ\ `e dp m`\n j`eZ\ k_\p dXb\ k_\ lj\ f] *; jf]knXi\ dfjk aljk`]`XYc\# n_`c\ k_\ fk_\i Xjg\Zkj Zflc[Xjn\ccY\[`jgcXp\[n`k_Zlii\ekcp XmX`cXYc\:88;jf]knXi\% K_\ j\Zfe[ i\Xjfe ]fi dp nfib `j k_\ [\j`i\ kf j\gXiXk\ n_Xk `j giXZk`ZXc Xe[ dXeX^\XYc\]ifdn_Xk`jk\Z_e`ZXccpgfj$ j`Yc\ $ `e dp f]]`Z\ Xe[ k\XZ_`e^ \og\i`$ \eZ\#XiZ_`k\ZkliXci\e[\i`e^`e\m\ip[Xp gcXee`e^`jf]k\eXdXkk\if]X]\n[Xpj fi_flij%K_\k\Z_efcf^p`emfcm\[_Xjkf d\\kk_\j\i\hl`i\d\ekj#fi`k`jlj\c\jj fk_\in`j\%
Cl[n`^D`\jm%[%If_\#?`^_$I`j\=i`\[i`Z_jkiXjj\#:fdg\k`k`fe<ekip
.
@Z_fj\kflj\:`e\dX+;YpDXofekfX[$ [i\jjdp]`ijki\XjfeÆefkc\XjkY\ZXlj\ f]k_\]i\\cXe^lX^\cXpflkj`kZfd\jn`k_% 8[[`k`feXccp#`kf]]\ijXYifX[jg\Zkildf] `ek\i]XZ\j ]fi Yfk_ \Xjp XZZ\jj kf :88;$ ^\e\iXk\[ dXk\i`Xc Xj n\cc Xj j\m\iXc \ogfik ]fidXkj ]fi gfjk$gif[lZk`fe gli$ gfj\j% K_\ [\j`i\ kf ]`ck\i n_Xk `j lj\]lc `e \m$ \ip[Xp c`]\ i\jlckj `e X [\c`Y\iXk\ c`d`kX$ k`fe f] k_\ Zfek\ekj2 `k d`^_k Y\ YX]]c`e^ k_Xk@[fefk[`jZljjk_\lj\f]IX[`fj`kp fi>cfYXc@ccld`eXk`fe `ei\cXk`fekfk_\ dfjk`dgfikXekjlYa\Zkj#c`^_kXe[j_X[fn% 9lk`edpfg`e`fe#k_\X[[`k`m\#ÈcXZhl\i$ `e^#É`%\%cXp\i`e^f]`e[`m`[lXcc`^_kjn`k_ iXp kiXZ`e^ `j k_\ dfi\ ÈZiX]kjdXe$c`b\É k\Z_e`hl\#n_`Z_Xccfnj]fi\Xj`\iZfekifc \jg% f] k_\ i\e[\i`e^ k`d\ % ?\eZ\ k_\ \oZclj`fe f] >cfYXc @ccld`eXk`fe j\\dj aljk`]`\[ kf d\# \jg\Z`Xccp j`eZ\ k_\ e\n c`^_kjfliZ\jXmX`cXYc\`e:`e\dX+;¡j(' m\ij`fe Xci\X[p f]]\ij m\ip ]Xi$i\XZ_`e^ i\Xc`jk`Z c`^_k m`jlXc`qXk`fe gfjj`Y`c`k`\j% 8e`dXk`fenXjXcjf\oZcl[\[Æ\oZ\gk]fi X[\kX`c`e:_Xgk\i*%@edpfg`e`fe#`k`jX jg\Z`Xc`q\[]`\c[k_Xkj_flc[Y\[`jZljj\[ `eXj\gXiXk\Yffb% @e]XZk#k_\YffbZfeZ\ekiXk\jfeZi\Xk`e^ c`^_k`e^j\kj]fi[`^`kXcXiZ_`k\Zkli\df[$ \cj# n_`Z_ @ jlggcp# `eZcl[`e^ gifd`e\ek \oXdgc\j jlZ_ Xj k_\ e\n EXk`feXc >Xc$ c\ip`e9\ic`eYl`ckYpCl[n`^D`\jm%[%If_\# fi k_\ i\df[\c\[ KfdYX DXdYi\kk` Yp >l`j\gg\ K\iiX^e`# k_\ `ek\i`fi f] n_`Z_ `j]\Xkli\[fek_\Zfm\i% K_\jlYa\Zk`j[`jZljj\[`e^\e\iXc`ekif$ [lZkfip Z_Xgk\ij fe :`e\dX +;# Xj n\cc Xj k_fj\ fe _Xe[c`e^ gfcp^fe Yf[`\j# `dgfik`e^ ]ifd Xe[ k_fj\ fe c`^_k Xe[ j_X[fn kpg\j `e :`e\dX +;% @e Zcfj`e^# k_\Yffb`eZcl[\jXZ_Xgk\ifedf[\c`e^# k\okli`e^ Xe[ dlck`$gXjj i\e[\i`e^% K_\ Zi\Xk`fe f] c`^_k`e^ df[\cj `j [\jZi`Y\[ jk\gYpjk\gkfdXb\\m\ipjk\gm\i`]`XYc\ Æk_`jdX[\k_\i\g\k`k`fef]Z\ikX`ek_`e^j leXmf`[XYc\% @ efe\k_\c\jj Z_fj\ k_`j
XggifXZ_ kf \eXYc\ k_\ i\X[\i kf nfib k_ifl^_\XZ_Z_Xgk\iXjXe`e[\g\e[\ek le`k n`k_flk _Xm`e^ kf c\X] k_ifl^_ k_\ Yffbj\XiZ_`e^]fii\]\i\eZ\j% @ejfd\gcXZ\j`knXj`dgfikXekkfd\kf j_fn k_\ gfjk$gifZ\jj`e^ gfjj`Y`c`k`\j G_fkfj_fg# 8[fY\Ëj `dX^\$\[`k`e^ ZcXj$ j`Z# f]]\ij% K_`j `j k_\ ZXj\ `e Z_Xgk\i (-# Dlck`$GXjj I\e[\i`e^ Xe[ :fdgfj`k`e^# n_`Z_nflc[Y\`eZfdgc\k\n`k_flkXi\]$ \i\eZ\kfgfjk$gif[lZk`fegfjj`Y`c`k`\j% K_\]`c\je\\[\[kfnfibfek_\`e[`m`[lXc Z_Xgk\ijXi\XcjfXmX`cXYc\Xj[fnecfX[j fek_\@ek\ie\k#gc\Xj\i\X[k_\[\kX`cjXk k_\\e[f]k_\Yffb% Fk_\i`dgfikXek[\kX`cjpflj_flc[dXb\ X efk\ f] Xi\1 k_\ ZfddXe[ b\p `j i\$ ]\ii\[kfXjk_\Zkicb\pfeXDXZ#n_`Z_ @ Xcjf lj\# `k `j k_\ Zd[ b\p # k_\ j\c\Zk b\p `j i\]\ii\[ kf Xj Xck fi fgk b\p fe Z\ikX`eDXZj %@XcjfXjjld\k_Xkpfllj\ X dflj\ n`k_ dfi\ k_Xe fe\ b\p% D\X$ jli\d\ekjXi\XcnXpjni`kk\e`eXYjkiXZk le`kjn`k_flkd\ki`Z[\j`^eXk`fej #j`eZ\ :`e\dX_Xe[c\jk_`e^jk_\jXd\nXp% C`^_k J_X[fn JgXZ\ nXj ]`ijk glYc`j_\[ `e >\idXe jgi`e^ )''-% K_\ <e^c`j_ \[`$ k`fe# eXkliXccp# [\dXe[\[ `ccljkiXk`fej Y\`e^ \oZ_Xe^\[# n_`Z_ gifm\[ kf Y\ X ^ff[fggfikle`kpkfgi\j\ek:`e\dX+;¡j i\m`j\[ `ek\i]XZ\ `e i\c\Xj\ ('% 8ZZfi[$ `e^cp#@]\ckfYc`^\[kfi\ni`k\`eZi\d\ekj f]k\okkffÆn_`Z_@_fg\^`m\jk_`jYffb \efl^_XZklXc`kplek`ck_\e\okdXafilg$ [Xk\% N`k_k_\j\k_`e^j`ed`e[#@_fg\pfl\e$ afppflii\X[`e^%
/
'(
'( ')
:`e\dX+;×Fm\im`\nXe[EXm`^Xk`fe @ek_`jZ_Xgk\i#@nflc[c`b\kfdXb\pfl ]Xd`c`Xi n`k_ :`e\dX +; _Xe[c`e^ gi`e$ Z`gc\jÆXjfd\n_XkYfc[le[\ikXb`e^`] fe\kXb\jk_\jZfg\f]]leZk`fejk_\gif$ ^iXdf]]\ij`ekfXZZflek% ?fn\m\i# `k j\\dj j\ej`Yc\ kf d\ kf Z_ffj\ Z\ikX`e ]le[Xd\ekXc Xjg\Zkj Xe[ gi\j\ek k_\d kf pfl kf Xiflj\ pfli Zli`$ fj`kp%K_\epflZXe\ogcfi\k_\[\kX`cj`e Y\kn\\e n`k_ k_\ _\cg f] k_\ _Xe[Yffb# n_`Z_ @ _`^_cp i\Zfdd\e[ ]fi ZfejlckX$ k`fegligfj\j%
'*
8 :`e\dX +; ]`c\ cffbj c`b\ k_\ `dX^\ XYfm\fepflijZi\\e@cclj%'( ÆXcXi^\ n`e[fn `e n_`Z_ pfl ZXe j\\ X df[\c# jliifle[\[ Yp X eldY\i f] jdXcc\i n`e$ [fnjk_Xkj\\dkfj_fn[\kX`cjf]k_\\c\$ d\ekj`ek_\jZ\e\% K_`jkpg\f]]`c\`ji\]\ii\[kfXjXjZ\e\ `e *; aXi^fe# k_\ cXi^\ n`e[fn `j k_\ m`\ngfik fi fliXl[J_X[$ `e^#Hl`Zb$J_X[`e^\kZ%ÆXe[`ek_\]`\c[ Y\cfn pfl _Xm\ k_\ fgk`fej ]fi c`e\ [`j$ gcXpN`i\]iXd\#@jfgXidj#\kZ% %
('
((
()
@k`jY\jkkfb\\gk_\c`e\[\g`Zk`fej\kfe N`i\]iXd\# Ylk ]\\c ]i\\ kf kip k_\ j_X[$ `e^Xck\ieXk`m\j@cclj%('$() % >fliXl[J_X[`e^kXb\jk_\cfZXk`fef]k_\ fYa\Zk jli]XZ\j `ekf XZZflek n`k_ i\^Xi[ kfk_\c`^_k`e^#\`k_\ik_\;\]XlckC`^_k`e k_\dfi\fic\jj\dgkpjZ\e\#fin`k_i\$ ^Xi[kf\o`jk`e^c`^_k`e^jfliZ\j% :fejkXekJ_X[`e^[f\jeËki\XZkkfc`^_k[`$ i\Zk`fejXkXcc#`ejk\X[#`kj_fnjXccjXd\$ Zfcfi jli]XZ\j n`k_ k_\ jXd\ Yi`^_ke\jj% K_\c`e\jj_fnk_\gfcp^fe\[^\j% K_\m`\ngfikn`e[fnjZXej_fn[`]]\i`e^
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
((
m`\nj#YlkpflZXeXcjflj\fe\m`\ngfik n`e[fn kf [`jgcXp j\c\Zk\[ Xe[ efe$j\$ c\Zk\[`k\dj`e[`]]\i\eknXpj% DXb\ jli\ pfli Zlii\ek m`\n j_fnj X g\ijg\Zk`m\% @k `j Y\jk kf _`[\ k_\ fk_\i m`\ngfik n`e[fnj =( % J\c\Zk k_\ :fe]`^$ li\ :fddXe[ Xj pfl ZXe j\\# pfl ZXe Xcjf Z_ffj\ [\]Xlck j\kk`e^j ]fi Xcc m`\n$ gfikn`e[fnj#@cclj%(* % Pfl ZXe efn j\\ k_\ XmX`cXYc\ [\]Xlck n`e[fnj `e k_\ 8kki`Ylk\j DXeX^\i n`e$ [fn fe k_\ cfn\i i`^_k# jfik\[ `ekf X eldY\i f] gXe\cj ;`jgcXp# =`ck\i# \kZ%# @c$ clj%(+ %
(*
Pfl ZXe Z_ffj\ j\kk`e^j ]fi XZk`m\ Xe[ `eXZk`m\ fYa\Zkj `e k_\ ;`jgcXp gXe\c% @e k_\ @eXZk`m\ FYa\Zk ]`\c[# Z_\Zb k_\ J\gX$ iXk\ J\kk`e^j fgk`fe Xe[ j\c\Zk k_\ C`e\j fgk`fe]ifdk_\J_X[`e^d\elpfldXp \m\eklXccp _Xm\ kf Zc`Zb fe k_\ jdXcc ki`$ Xe^c\ jpdYfc e\Xi @eXZk`m\ FYa\Zk kf XZ$ Z\jjk_\j\kk`e^j% Efn# gcXZ\ X jg_\i\ j\c\Zk\[ ]ifd k_\ Gi`d`k`m\ FYa\Zkj d\el `e k_\ jZ\e\ Æ `k `j j_fne Xj Xe XZk`m\ fYa\Zk# k_\ ZlY\ Æ efn`eXZk`m\Æ`j[`jgcXp\[`en`i\]iXd\ df[\c@cclj%(, %
(,
:_Xgk\i'(×:`e\dX+;×Fm\im`\nXe[EXm`^Xk`fe
(+
()
(-
Efnk_XkpflXi\]Xd`c`Xin`k_k_\i`[Xe[>i`[ c`e\% K_`j n`cc dXb\ k_\ Dfm\ kffc jeXg kf gfcp^fe gf`ekj n`k_`e X iX[`lj f] (' g`o\cj% Kfdfm\k_\jli]XZ\YXZbjf`kj]fligf`ekj n`ccY\gcXZ\[\oXZkcpfek_\Zfii\jgfe[$ `e^ gf`ekj f] k_\ ZlY\# pfl ]`ijk _Xm\ kf dfm\ k_\ j`e^c\ jli]XZ\Ëj fYa\Zk Xo`j kf fe\ f] `kj Zfie\i gf`ekj% <XZ_ fYa\Zk `e X:`e\dX+;jZ\e\_Xj`kjfnej\kf]Zf$ fi[`eXk\Xo\j#efke\Z\jjXi`cpgfj`k`fe\[ n`k_`e k_\ fYa\Zk2 `k ZXe Y\ dfm\[ `e[\$ g\e[\ekcp]ifdk_\fYa\Zk`kY\cfe^jkf% :_Xe^\ kf k_\ Lj\ FYa\Zk 8o`j Kffc c\]k ZfddXe[YXi#@cclj%)( %N_\ek_\j`e^c\ jli]XZ\`jj\c\Zk\[Xe[k_\Dfm\kffcjk`cc Xk_Xe[ #pfldfm\`kjZffi[`eXk\jpjk\d lek`c`kjq\ifgf`ekjeXgjkffe\f]k_\fY$ a\kËj Zfie\ij% Aljk c\]k$Zc`Zb jfd\n_\i\ `ekfk_\i`[fi>i`[c`e\fgk`fej `ek_\JeXgj\kk`e^j#pfln`cc\og\i`\eZ\ `ii`kXk`e^jb`gjn_`c\dfm`e^k_\Xo\j% Efn pfl n`cc dfm\ k_\ j`e^c\ jli]XZ\ `kj\c] Æ Xcc pfl _Xm\ kf [f `j Z_Xe^\ kf k_\Dfm\FYa\Zkkffc@cclj%)* %Efnpfl
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
)0
)*
ZXe dfm\ k_\ jli]XZ\ kf k_\ i`^_k gcXZ\ k_\jXd\nXppfldfm\[k_\Xo\jY\]fi\ @cclj%)+ % )+
Pfl_Xm\j\\e_fngfcp^fejli]XZ\jZXe Y\ j\gXiXk\[ Xe[ _fn fYa\Zkj ZXe Y\ dfm\[ Xe[ gcXZ\[ gi\Z`j\cp Æ Xe X[[`$ k`feXckXjbn_`Z_f]k\ee\\[jkfY\jfcm\[ `j kf jZXc\ Xe \ek`i\ df[\c kf X ^i\Xk\i fijdXcc\ij`q\`]jfd\k_`e^n\eknife^ n`k_k_\`dgfikjZXc\% K_fl^_k_\ jZXc\ `jeËk i\Xccp [\Z`j`m\ ]fi nfib`e^ `e :`e\dX +;# `k `j ZilZ`Xc pfli df[\c`jeËkkffjdXccfikfcXi^\kfXmf`[ gifYc\dj`elj`e^c`^_kjXe[ZXd\iXj#fi eXm`^Xk`e^ k_ifl^_ pfli jZ\e\% Kf dp \og\i`\eZ\# pfl XZ_`\m\ k_\ Y\jk i\jlckj n_\e:`e\dXËjle`kjdXkZ_pflidf[\cËj Z\ek`d\k\i le`kj2 j\\ Xcjf :_Xgk\i '*# :88;@dgfik`e^Xe[Df[\cJ\klg % N_\e `k Zfd\j kf jZXc`e^# pfl efidXccp _Xm\kf[f`k]fiXccpfligfcp^fefYa\Zkj kf^\k_\i# jf `e fli jXdgc\ jZ\e\ pflËcc _Xm\ kf jZXc\ k_\ Ycl\ ZlY\ Xe[ k_\ i\[ jli]XZ\% @ek_\]`ijkgcXZ\#pfln`cc^iflgYfk_fY$ a\ZkjÆj\c\Zkk_\fYa\Zkj`ek_\iflg FYa\Zkj ZfddXe[ ]ifd k_\FYa\Zk d\el @cclj% ), % K_`j `j X ]leZk`fe pfl befn ]ifd fk_\i gif^iXdj Xe[ Z_Xgk\i '( #Ylk:`e\dX+;ZXe[fXcfkdfi\_\i\1 `kZi\Xk\jXZfekX`e\i#Xjf$ZXcc\[ElccFY$ a\Zk`en_`Z_k_\j\c\Zk\[fYa\ZkjXi\b\gk Xj jlY$fYa\Zkj @cclj% ), % K_\ ZfekX`e\i ZXe Y\ i\eXd\[ c`b\ X efidXc fYa\Zk X]$
:_Xgk\i')×?Xe[c`e^Gfcp^fe9f[`\j
k\i[flYc\$Zc`Zb`e^fe`kjeXd\`ek_\FY$ a\ZkDXeX^\i % N_Xk `j dfjk `dgfikXek `j k_Xk k_\ Elcc FYa\ZkXcjf_XjXZffi[`eXk\jpjk\d#c`b\ fk_\i fYa\Zkj% 8cc k_\ \[`k ZfddXe[j Æ Dfm\#IfkXk\#jZXc\ZXeY\Xggc`\[kfk_\ Elcc FYa\Zk Xe[ k_\ jlYfi[`eXk\ fYa\Zkj `kZfekX`ej%
)),
*'
)/
).
Efn#kfjZXc\Yfk_gfcp^feYf[`\jXkk_\ jXd\ k`d\ Xe[ n`k_ k_\ jXd\ ]XZkfi# Xcc pfl_Xm\kf[f`jjZXc\k_\ElccfYa\Zk% 9\]fi\[f`e^jf#pflj_flc[[\Z`[\n_`Z_ gf`ek f] k_\ df[\c j_flc[ i\dX`e `e `kj fi`^`eXc gfj`k`fe# Xe[ k_\e dfm\ gf`ek q\iff]k_\ElccËjZffi[`eXk\jpjk\dkf`kj gfj`k`feY\]fi\jZXc`e^% DXb\ jli\ k_\Elcc FYa\Zk`j j\c\Zk\[ @c$ clj%)0 Xe[k_Xkk_\Dfm\kffcXe[FYa\Zk 8o`jkffcXi\XZk`mXk\[@cclj%). % K_\e [iX^ k_\ Xo`j Zifjj f] k_\ Elcc FY$ a\Zkkfk_\YXZblgg\iZfie\if]k_\ZlY\ @cclj%)/ %
)0
*'
*(
?Xm\ X cffb Xk k_\ :ffi[`eXk\j gXe\c `e k_\ 8kki`Ylk\j DXeX^\i k_\ Elcc j_flc[ jk`ccY\j\c\Zk\[ Xe[lj\k_\jXd\jZXc\ j\kk`e^]fiXcck_i\\Xo\jJ%O#J%P#J%Q4,# @cclj% )0 % <XZ_ Z_Xe^\ n`cc `dd\[`Xk\cp Y\ [`jgcXp\[ `e k_\ fej# n_`Z_ dXb\j `k gfjj`Yc\ kf ^\k Zf_\i\ek jli]XZ\jn`k_dfi\k_Xe]fliZfie\ij% Pfl ZXe Xcjf kip flk k_\ D\ck ZfddXe[ =leZk`fejd\el#@cclj%*- %
:_Xgk\i')×?Xe[c`e^Gfcp^fe9f[`\j
*+
*, *-
*)
8k k_\ Y\^`ee`e^ f] k_\ Z_Xgk\i n\ jXn _fn gXik f] X gfcp^fe fYa\Zk ZXe Y\ jki`gg\[f]]Xe[ki\Xk\[XjXe`e[`m`[lXc \ek`kp%K_`jZXeY\lj\]lcn_\eZi\Xk`e^X c`^_k`e^j\klg`en_`Z_j`e^c\jZ\e\jli$ ]XZ\ji\hl`i\`e[`m`[lXcc`^_k`e^% @egi`eZ`gc\#k_\jXd\Xggc`\jkfk\okli`e^1 jfd\k`d\j pfl e\\[ kf XccfZXk\ X dXk\$ i`Xc kf fecp X gXik f] Xe fYa\ZkËj jli]XZ\ Æ k_`eb f] ]lie`kli\ jlZ_ Xj k_\ I`\km\c[ Z_X`i#n_`Z__Xj[`]]\i\ekZfcfijli]XZ\j% J\gXiXk`e^ gfcp^fej k_\ nXp pfl [`[ `k XYfm\`jefke\Z\jjXip`ejlZ_XZXj\Æ`k `j dfi\ \c\^Xek kf nfib n`k_ j\c\Zk`fej j`eZ\ :`e\dX +; \eXYc\j pfl kf c`d`k X dXk\i`XckfXj\c\Zk\[jli]XZ\% 8j Xe \oXdgc\# Xggcp knf dXk\i`Xcj kf k_\ ZlY\ Æ fe\ dXk\i`Xc j_flc[ fecp Y\ m`j`Yc\fek_\i`^_kj`[\#n_`c\k_\fk_\i j_flc[Xgg\Xifek_\i\dX`e`e^jli]XZ\j% :c`Zb fe k_\ ZlY\Ëj i`^_k j`[\ kf j\c\Zk `k i\d\dY\i1 k_\ ZlY\ fYa\Zk `kj\c]# k_\ C`m\ J\c\Zk`fe kffc Xe[ k_\ Gfcp^fe kffc _Xm\kfY\XZk`mXk\[j\\@cclj%'.#'/ Xe[ Z_ffj\ J\k J\c\Zk`fe ]ifd k_\ J\c\Zk`fe d\el @cclj% *. % K_`j `j _fn pfl jXm\ X j\c\Zk`fe`e:`e\dX+;%
*.
*/
*0
K_\fYa\Zkk_Xkpfl_Xm\j\c\Zk\[Xj`[\ f]`jdXib\[n`k_Xi\[ki`Xe^c\jpdYfc`e k_\FYa\ZkDXeX^\i@cclj%*/ % K_`jJ\c\Zk`fekX^Xccfnjpflg\idXe\ek XZZ\jj kf k_\ j\c\Zk`fe pfl dX[\ Æ pfl ZXe i\[f k_\ j\c\Zk`fe Xk Xep k`d\ efn n`k_flk Z_ffj`e^ kffcj Xe[ Zc`Zb fe k_\ ZlY\ X^X`e# ]fi \oXdgc\% Pfl ZXe Xcjf ^`m\ k_\ j\c\Zk`fe X eXd\# Ylk `e fli j`dgc\ \oXdgc\ n\ n`cc b\\g lj`e^ k_\ [\]Xlck[\j`^eXk`fe% Efn n\ nXek kf Xggcp dXk\i`Xcj kf k_\ ZlY\# ]fi k_\ jXb\ f] j`dgc`Z`kp n\ n`cc lj\ j_X[\ij% :_ffj\ k_\ J_X[\i Zfd$ dXe[ ]ifd k_\ DXk\i`Xc DXeX^\iËj =`c\ d\el% J\c\Zk ;Xe\c Xj k_\ ]`ijk dXk\i`Xc
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
**
Xe[ Elb\` Xj k_\ j\Zfe[ @cclj% *0 % :`e$ \dX+;n`ccc`jkYfk_f]k_\d`ek_\DXk\$ i`XcDXeX^\i% Efn Xggcp k_\j\ knf dXk\i`Xcj kf k_\ ZlY\ Yp [iX^^`e^ k_\d flk f] k_\ DXk\$ i`Xc DXeX^\i Xe[ fekf k_\ fYa\Zk `e k_\ \e\iXc gXe\c f] k_\ 8kki`Ylk\j DXeX^\i Xe[ Z_ffj\ @e]`e`k\ ]ifd k_\ glcc$[fne d\el@cclj%(( % K_\ gfj`k`fe f] k_\ c`^_k jfliZ\ _XjeËk Z_Xe^\[# Ylk efn `k \d`kj gXiXcc\c iXpj% K_\[`i\Zk`fef]k_\j\iXpj`j`e[`ZXk\[Yp Xn_`k\c`e\k_Xk]fccfnjk_\^cfYXcQXo`j @cclj%() % N_\epfli\e[\ik_\jZ\e\pflj\\k_Xk k_\gfj`k`fef]k_\`e]`e`k\c`^_kj\\dj`i$ i\c\mXek#k_\fecpk_`e^k_XkdXkk\ij`jk_\ c`^_kiXpËjXe^c\@cclj%(* %
(*
(+
(,
Pfl ZXe X[aljk k_\ Xe^c\ `e k_\ :ffi[`$ eXk\j gXe\c f] k_\ 8kki`Ylk\j DXeX^\i% :c`Zbfek_\[flYc\Xiifne\okkfk_\I%? mXcl\% ?fc[ [fne k_\ dflj\ b\p# dfm\ k_\ dflj\ kf Z_Xe^\ k_\ mXcl\ Xe[ ef$ k`Z\k_\dfm\d\ekf]k_\dX`eiXp`ek_\ \e\iXcgXe\c@cclj%)) #Xe[ i\j\k`kj[`i\Zk`fe:ffi[`eXk\jgXe\c1I%? Xe[I%G4' % 8jpflZXej\\#k_\\e\iXc gXe\c1@ek\ej`kp4)''#@cclj%,) Xe[j_flc[ efkZi\Xk\Xepj_X[fnjJ_X[fn1Efe\ %
,'
,(
J`eZ\Yp[\]XlckXe8i\Xc`^_k`jXcnXpjX m\ik`ZXci\ZkXe^c\#pflj_flc[ifkXk\`kkf X_fi`qfekXcgfj`k`fe:ffi[`eXk\j1I%G40'# @cclj%,) % ;iX^`klgnXi[jjf`k`jXkfe\c\m\cn`k_ k_\Z\`c`e^G%P4('' % :lY\jXe[Xi\Xc`^_kXi\k_\jXd\j`q\`e k_\OXe[Q[`i\Zk`fe#jfn\[feËk_Xm\kf X[aljkXepk_`e^_\i\% ,*
K_\ i\e[\i\[ i\jlck [f\jeËk cffb jf YX[ @cclj%,* Æpfln`ccj\\k_XkXi\Xc`^_k`e k_`jj`dgc\]fid`jlj\[]fiiffdc`^_k`e^ ]i\hl\ekcp% Efk`Z\k_Xkk_\Z\`c`e^`jZfdgc\k\cpYcXZb# n_`Z_ `j le[\ijkXe[XYc\ X]k\i k_\ \ogcX$ eXk`feXYfm\#j`eZ\k_\c`^_k`e^jfliZ\`j `ek_\jXd\gcXZ\Xjk_\Z\`c`e^% K_\]cffi`jYi`^_k\jk#k_\nXccjj_fnXe \m\eYi`^_ke\jj^iX[`\ek%
:_Xgk\i'+×C`^_kJfliZ\j`e:`e\dX+;
,)
-'
,+
Efn k_Xk pfl _Xm\ `ejkXcc\[ X jkXe[Xi[ Xi\Xc`^_k`e^j\klgpfld`^_knXekkfi\$ ]`e\k_\i\jlck% K_\]`ijkXe[dfjkZfddfecpXggc`\[fg$ k`fe`jkfXZk`mXk\C`e\Xi=Xccf]]kfZi\Xk\X dfi\[iXdXk`ZYi`^_ke\jj^iX[`\ekfek_\ [fd`eXk`e^iffdjli]XZ\j#k_\nXccj% ;f k_`j lj`e^ k_\ ;\kX`c gXe\c `e k_\ 8k$ ki`Ylk\jDXeX^\i@cclj%,+ % C`d`k k_\ ]Xccf]] kf ),' le`kj IX[`lj& ;\ZXp4),'# @cclj% ,, Æ `k j_flc[ jkXik [`$ i\Zkcp Xk k_\ c`^_k jfliZ\# jf b\\g lj`e^ k_\'@ee\iIX[`ljj\kk`e^% DXb\jli\k_\=Xccf]]8e^c\mXcl\`jj\kkf ' k_\ [\]Xlck j\kk`e^ `j (/' # fk_\in`j\ k_\c`^_k`e^fek_\nXccjn`ccY\^`edlZ_ ]lik_\iY\cfnXe[k_\\ek`i\jZ\e\n`ccY\ kff[Xibpfl]`e[k_\=Xccf]]8e^c\\ekip `ek_\;\kX`cjgXe\c#@cclj%,, %
,,
I\e[\ik_\jZ\e\2XjpflZXej\\#k_\XZ$ k`mXk\[ ]Xccf]] dXb\j X Y`^ [`]]\i\eZ\ @c$ clj%,- % Kfj`dlcXk\Xc`^_kZ\`c`e^#pflZXedXb\ k_\ c`^_k `kj\c] m`j`Yc\ Yp XZk`mXk`e^ k_\ fgk`feJ_fn`eI\e[\i;\kX`cj#@cclj%,. % K_\ i\e[\i\[ i\jlck j_fnj `ek\i]\i\eZ\j k_Xki\jlck]ifdk_\]XZkk_Xkk_\Xi\Xc`^_k ,-
,/
,.
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
-(
,0
i\ZkXe^c\ Xe[ k_\ Z\`c`e^ gfcp^fe Xi\ `e k_\jXd\gcXZ\% -'
-(
Pfl Zflc[ jfcm\ k_\ gifYc\d Yp \oZcl[$ `e^ k_\ Z\`c`e^ ]ifd c`^_k`e^ lj`e^ k_\ \e\iXc gXe\c f] k_\ 8kki`Ylk\j DXeX^\i @cclj%'+ % ',
'-
Pfl ZXe Z_Xe^\ X ]\n j\kk`e^j `e k_\ J_X[fn gXe\c# c`b\ k_\ fgXZ`kp c\m\c# ]fi \oXdgc\;\ej`kp#@cclj%',Xe['- % Efn j\k k_\ j_X[fn kpg\ kf J_X[fn '.
:_Xgk\i',×J_X[fnj`e:`e\dX+;
DXgj Jf]k Xe[ efk`Z\ _fn k_\ `dX^\ Z_Xe^\j@cclj%'.Xe['/ %@k`jXggXi\ek k_Xk k_\ j_X[fn [f\j efk Y\^`e [`i\Zkcp Xkk_\fYa\Zk% '/
-+
('
'0
K_\]XZkk_Xkk_\i\`jX^XgY\kn\\efYa\Zk Xe[j_X[fnXkXcci\jlckj]ifdk_\nXp`k `jZXcZlcXk\[ÆXjX^iXpjZXc\Y`kdXgk_Xk Zfm\ij \m\ipk_`e^ k_Xk ZXeefk Y\ Èj\\eÉ Ypk_\c`^_kjfliZ\% ?fn\m\i#k_\^XgdXpY\i\[lZ\[Xc`kkc\ `ek_\8kki`Ylk\jDXeX^\iÊjJ_X[fngXe\c# Ypj\kk`e^k_\8Yjfclk\9`XjmXcl\kf'@c$ clj%'0Xe[(' % ((
K_\\[^\^iX[`\ekZXeY\Zfekifcc\[dfi\ \]]\Zk`m\cp lj`e^ k_\ JXdgc\ IX[`lj mXc$ l\Æk_\cfn\ik_\mXcl\#k_\j_Xig\ik_\ j_X[fnÊj \[^\ `e fli \oXdgc\1 JXdgc\ IX[`lj4(#@cclj%(' % @e ^\e\iXc# jf]k j_X[fn i\e[\i`e^ k`d\j c`\ Y\kn\\e iXpkiXZ\ Xe[ Xi\X j_X[fn k`d\j% J`eZ\ k_\p cffb dfi\ i\Xc`jk`Z k_Xe iXp$ kiXZ\j_X[fnjpfln`ccnXekkflj\k_\d Xkk`d\j% K_\^XggifYc\d`jef`jjl\`eZ\ikX`efY$ a\ZkZfejk\ccXk`fej#XjZXeY\j\\efek_\ c\]k @cclj% ()2 k_\ gcXe\ fYa\Zk `j _`[[\e _\i\Xe[k_\jg_\i\`jj_fne#@cclj%(( % JfYfk__Xi[Xe[jf]kj_X[fnj_Xm\Z\i$ kX`e `dg\i]\Zk`fej# Ylk k_\p ZXe Yfk_ Y\ i\e[\i\[i\cXk`m\cphl`Zbcp%
()
(*
N_\epflXi\`ee\\[]fiXm`jlXc`qXk`fe Yfk_ i\Xc`jk`Z Xe[ ^\fd\ki`ZXccp Zfii\Zk# 8i\Xj_X[fn`jk_\]`ijkZ_f`Z\Æk_\dfjk `dgfikXek[`]]\i\eZ\Y\kn\\e8i\Xj_X[$ fn Xe[ k_\ knf Y\]fi\d\ek`fe\[ _Xi[ Xe[ jf]k j_X[fn `j k_Xk `k i\XZkj kf k_\ ^\fd\kipf]k_\c`^_kjfliZ\k_XkZi\Xk\j k_\j_X[fn% :_Xe^\ k_\ c`^_k jfliZ\Êj J_X[fn kpg\ ]ifdJ_X[fnDXgjkf8i\X@cclj%(* Ylk b\\gk_\Fde`]fik_\k`d\Y\`e^%
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
-,
(+
(,
@ek_\cfn d\el Xe[ j\k9i`^_ke\jjkf)''@cclj%*( % =fi J\kk`e^j# Zc`Zb fe k_\ \kk`e^JkXik\[ Fg\e k_\ '-VjkXik%Z+[ ]`c\ j\\ g%)*- % @k nXjZi\Xk\[n`k_:+;('% Pfl j\\ X iffd n`k_ X jg_\i\ fYa\Zk _Xe^`e^]ifdk_\Z\`c`e^k_Xk`jd\Xekkf i\gi\j\ekXc`^_k@cclj%') % K_\i\ `j X kXYc\ [`i\Zkcp Y\cfn k_\ cXdg% =fi\e\iXcgXe\c@cclj%(' % ('
((
Efn n_\e i\e[\i`e^ k_\ jZ\e\ X^X`e# \m\ipk_`e^ `j YcXZb \oZ\gk ]fi k_\ n_`k\ jg_\i\@cclj%(( %
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
.*
K_\ jZ\e\ Xgg\Xij YcXZb Y\ZXlj\ pfli c`^_k jfliZ\ ZXeefk g\e\kiXk\ Zcfj\[ jli]XZ\jÆc`b\k_\jg_\i\Ëjj_\cc$n_\e pflÊm\[\]`e\[j_X[fnj]fi`k% 9lk :`e\dX +; Xccfnj pfl kf \oZcl[\ fYa\Zkj ]ifd c`^_k`e^# n_`Z_ b\\gj k_\d ]ifdY\Zfd`e^fYjkXZc\j]fic`^_kiXpj% DXb\jli\k_\c`^_kfYa\Zk`jj\c\Zk\[Xe[ kXb\ X cffb Xk k_\ 8kki`Ylk\j DXeX^\iÊj JZ\e\ gXe\c# n_`Z_ Xccfnj pfl kf c`d`k c`^_k`e^kf`e[`m`[lXcfYa\Zkj% =fi Df[\# kXb\ \e\iXcgXe\cf]k_\8kki`Ylk\j DXeX^\i@cclj%(+ % @e k_\ ;\kX`cj gXe\c# ]fi 8i\X J_Xg\ pfl Z_ffj\ FYa\Zk&Jgc`e\ @cclj% (, % Pfli jg_\i\fYa\Zk`jjk`ccgXiXd\ki`ZXc#jfpfl n`cc_Xm\kfZfem\ik`k`ekfXgfcp^fefY$ a\Zk Y\]fi\ lj`e^ `k ]fi k_\ c`^_k jfliZ\Êj ^\fd\kip% (-
:_Xgk\i'-×JgXZ\Xe[:\ekiXcC`^_k`e^
(*
(,
(+
.+
DXb\ jli\ k_\ jg_\i\ fYa\Zk `j j\c\Zk\[ Xe[Z_ffj\k_\DXb\\e\iXc gXe\c @cclj% )( Xe[j\kXcfnY`kdXgi\jfclk`femXcl\`e k_\ J_X[fn gXe\c f] k_\ 8kki`Ylk\j DXe$ X^\i D`e`dld JXdgc\j Xe[ DXo`dld JXdgc\j4('#8ZZliXZp4.,#@cclj%)) % I\[lZ\ ;\ej`kp Xj n\cc jf k_\ j_X[fn `jeËkZfdgc\k\cpYcXZb;\ej`kp4/' %
)(
))
I\e[\ik_\jZ\e\Æk_\j_X[fnefn_XjX jf]k\[^\#YlkXm\ip^iX`epfe\#kff@cclj% )* Æk_`j`j[l\kfk_\cfnjXdgc\mXcl\j# Xe[ZXeY\Zfii\Zk\[cXk\i% K_\kiXej`k`fe^iX[`\ek`jkffn`[\Xjn\cc# YlkpflZXeXcjfjfcm\k_`jgifYc\dcXk\i fe%
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
.,
9lkc\kËjcffbXkXdfi\`dgfikXekXjg\Zk f] pfli c`^_k`e^ Æ `k `j jk`cc dlZ_ kf le`$ ]fid]fijlZ_XjdXccc`^_kk_Xk`jc`^_k`e^ k_\iffdXccYp`kj\c]% 8 jc`^_k Yi`^_ke\jj [\Zi\Xj\ `j m`j`Yc\ Xcfe^ k_\ nXcc \[^\j k_Xk i\jlckj ]ifd k_\ ]XZk k_Xk c`^_k Y\Xdj n\Xb\e Xj k_\ fYc`hl\e\jj`eZi\Xj\j% K_`j[\Zi\Xj\ZXeY\dX[\dfi\[iXdXk`Z Yplj`e^k_\=Xccf]]]leZk`fe% J\c\Zk C`e\Xi =Xccf]] `e k_\ ;\kX`c gXe\c f] k_\ 8kki`Ylk\j DXeX^\i# j\k k_\ @ee\i IX[`ljkf,'Xe[IX[`lj&;\ZXpkf+.,@c$ clj%)+ % K_`j dXb\j k_\ c`^_k [\Zi\Xj\ Zfek`el$ fljcp#jkXik`e^n`k_('','le`kjf]]k_\ Z\ek\i% Pfl ZXe Z_\Zb k_\ i\jlck `dd\[`$ Xk\cp`epflii\e[\i`e^@cclj%), %
)*
)+
Efn k_Xk k_\ jg_\i\ _Xj Y\Zfd\ fli c`^_kÊj i\]\i\eZ\# `kÊj efk n_`k\ Xepdfi\# k_\ cld`eXeZ\ Z_Xee\c f] `kÊj dXk\i`Xc [f\jeÊknfibXepdfi\% KfdXb\`km`j`Yc\X^X`e#Zfgpk_\jg_\i\
)-
fYa\ZkYpgi\jj`e^k_\:kicb\pXe[[iX^$ ^`e^`k`ej`[\k_\FYa\ZkDXeX^\i #[\c\k\ k_\jlY$fYa\Zk`ek_\ZfgpXe[i\eXd\`k lj`e^Jg_\i\=Xb\% Kfj\\Xn_`k\jg_\i\X^X`e#pfln`ccXcjf _Xm\ kf dfm\ k_\ fi`^`eXc jg_\i\Êj K\o$ kli\kX^kfk_\Zfg`\[jg_\i\@cclj%)- % I\e[\ik_\jZ\e\X^X`e#Xe[k_\j_`e`e^ jg_\i\n`cci\Xgg\Xi@cclj%). %
:_Xgk\i'-×JgXZ\Xe[:\ekiXcC`^_k`e^
).
),
.-
)0
)/
Efn k_Xk pfl _Xm\ j\gXiXk\[ k_\ n_`k\ jg_\i\ Xe[ k_\ XZklXc j_X[fn$ZXjk`e^ c`^_k jfliZ\ pfl ZXe df[`]p k_\ \[^\ f] k_\j_X[fnjli]XZ\% K_\ kiXej`k`fe ]ifd k_\ j_X[fn kf k_\ i\dX`e`e^ ]cffi jli]XZ\ `j kff n`[\# k_\
kXYc\kfg`jeËkk_Xk]Xi]ifdk_\Xi\Xf]k_\ ]cffik_\j_X[fnZfm\ij% Pfl _Xm\ kf \[`k k_\ ^\fd\kip f] k_\ jg_\i\ kf Zi\Xk\ X eXiifn\i kiXej`k`fe Æ k_\ jdXcc\i k_\ jg_\i\# k_\ j_Xig\i k_\ Zfekflijf]k_\j_X[fn^iXg_`Zj% J\c\Zk k_\ Jg_\i\ gfcp^fe fYa\Zk `e k_\ FYa\Zk DXeX^\i @cclj% )/ % @e k_\ :ffi[`$ eXk\j DXeX^\i# Z_ffj\ J`q\ ]fi k_\ J`q\ [`jgcXp`ek_\jdXccglcc$[fned\elY\$ cfnk_\J`q\\ekip]`\c[j#@cclj%)0 #\ek\i (,`ejk\X[f]*']fiXcck_i\\Xo`jmXcl\j Xe[Zc`Zbfe8ggcp#figi\jjI\klie% K_\c`^_k\d`kk`e^jg_\i\`jjdXcc\iefn# k_\ j_X[fn \[^\ ^iX[`\ek _Xj Y\Zfd\ jdXcc\i kff @cclj% *' Xe[ *( j_fn X i\e$ [\i`e^Y\]fi\Xe[X]k\ik_\Z_Xe^\ %
*'
*(
8Yflkk_\j`q\Z_Xe^\1k_\jg_\i\n_`Z_ `j `e lj\ Xj k_\ i\]\i\eZ\ ]fi k_\ c`^_kÊj j_Xg\#`jXgfcp^fefYa\Zkefnk_Xk`k_Xj Y\\eZfem\ik\[#efkXgXiXd\ki`ZXcfYa\Zk Xepdfi\% 8ZZfi[`e^cp# `kj iX[`lj ZXeefk Y\ \[`k\[ `ek_\8kki`Ylk\jDXeX^\iFYa\Zkj\kk`e^j Xepcfe^\i% 8jXgfcp^feYf[p#`kZfej`jkjf]jli]XZ\j n_`Z_ kf^\k_\i fecp Xgg\Xi kf Y\ X g\i$ ]\Zkjg_\i\Y\ZXlj\f]`kji\cXk`m\cp_`^_ i\jfclk`feXe[k_\G_fe^kX^Xjj`^e\[kf `k% @kZXeY\\[`k\[m`X`kjO#PfiQd\Xjli\$ d\ekj# \`k_\i Yp Z_Xe^`e^ X ]XZkfi pfl ZXe [f k_`j `e k_\ 8kki`Ylk\j Xe[ :ffi[`$ eXk\jDXeX^\i fiYpZ_Xe^`e^k_\XZklXc d\Xjli\d\ekj k_`j `j fecp gfjj`Yc\ `e k_\ :ffi[`eXk\j dXeX^\i m`X J`q\ df[\# Xjj_fneXYfm\ %
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
..
Pfli i\jlckj j_flc[ Y\ jXk`j]XZkfip% Fli gi`dXip c`^_k`e^ cffbj ^ff[# \oZ\gk ]fi k_\ jfd\n_Xk ^iX`ep i\jfclk`fe f] k_\ j_X[fn% 8 cffb Xk k_\ i\e[\i`e^ j_fnj k_Xk k_\ jZ\e\jk`cc`jeËkg\i]\Zk1k_\Z\`c`e^j_flc[ Y\XY`kYi`^_k\ik_Xek_\]cffij`eZ\`k`j Zcfj\ikfk_\c`^_k@cclj%*) % N_p`j`k[Xib\iXkXcc69\ZXlj\c`^_kj`e :`e\dX+;j_`e\Yi`^_k\ifeXjli]XZ\k_\ Zcfj\i k_\`i Y\Xdj Xi\ kf Y\`e^ g\ig\e$ [`ZlcXikfk_\jli]XZ\% C`^_k jfliZ\j n`k_ [`m\i^`e^ `%\% efe$ gXiXcc\c iXpj#Zi\Xk\\m\ij_Xig\iXe^c\j k_\ Zcfj\i c`^_k Xe[ jli]XZ\ Xi\ kf \XZ_ fk_\i% K_`j g_\efd\efe Y\Zfd\j gXik`ZlcXicp XggXi\ek `] ef ]Xccf]] `j [\]`e\[# Ylk ZXe Y\fYj\im\[\m\ek_\e%
*)
**
=`ccC`^_k]fik_\:\`c`e^ K_\Z\`c`e^j_flc[Y\dX[\Yi`^_k\i#k_\ i\jkf]k_\iffd`jn\cc$c`k% Pfl Xci\X[p befn k_Xk pfl ZXe dXb\ X c`^_kjfliZ\j_`e\\oZclj`m\cpfej\c\Zk\[ fYa\Zkj#Ylkpfl_Xm\kfdXb\k_\Z\`c`e^ Xj\gXiXk\#`e[`m`[lXcfYa\ZkY\]fi\% @k_XjY\\egXikf]k_\gfcp^fefYa\Zkk_Xk i\gi\j\ekjk_\n_fc\iffdlek`cefn% J\c\Zkk_\Gfcp^fekffc]ifdk_\ZfddXe[ YXiXcfe^k_\c\]k\[^\f]k_\jZi\\eXe[ k_\ C`m\ J\c\Zk`fe kffc ]ifd k_\ lgg\i ZfddXe[YXi@cclj%**Xe[*+ % J\c\Zkk_\IffdfYa\Zk`ek_\FYa\ZkDXe$ X^\i@cclj%*, Xe[dfm\pflidflj\Zli$ jfifm\ik_\Z\`c`e^jli]XZ\`ek_\\e\iXc gXe\cf]k_\8kki`Ylk\jDXeX^\i2j_X[fn ZXjk`e^`jeÊke\Z\jjXip@cclj%+'Xe[+( % 8 i\ZkXe^c\ `j gi\j\k Xj j_Xg\ `e k_\ ;\kX`cj gXe\c# n_`Z_ `j \oXZkcp n_Xk n\ e\\[`ek_`jZXj\% 9lkifkXk\k_\i\ZkXe^c\`ekfX_fi`qfekXc gfj`k`fe Xe[ [iX^ `k [fne :ffi[`eXk\j gXe\c1 I%G 4 0' Xe[ G%P 4 $(,'# @cclj% +) # kfYi`e^`kkf^ifle[c\m\cb\\g`ed`e[# k_\]lik_\iXc`^_k`j]ifdk_\jli]XZ\#k_\ Yi`^_k\i`kÊjc`k% :_Xe^\ k_\ d\Xjli\d\ekj f] k_\ i\Zk$ Xe^c\ _\i\ Xj n\cc Yp j\kk`e^ k_\ Flk\i IX[`ljkf),'#k_\J`q\OXe[J`q\PmXc$ +*
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
.0
l\jn`cc]fccfnXlkfdXk`ZXccp%=Xccf]]`jeÊk e\Z\jjXip@cclj%+) % Jn`kZ_ kf k_\ JZ\e\ gXe\c f] k_\ c`^_k jfliZ\Êjj\kk`e^j% DXb\jli\k_\@eZcl[\df[\`jj\k#k_\e [iX^ k_\ Z\`c`e^ fYa\Zk ]ifd k_\ FYa\Zk DXeX^\i`ekfk_\FYa\Zk\ekip]`\c[Y\cfn @cclj%+* % J`eZ\n\nXekkfYi`^_k\ealjkk_\Z\`c`e^# n\ fecp e\\[ X cfn Yi`^_ke\jj j\kk`e^ >\e\iXcgXe\c1@ek\ej`kp4(,#@cclj%++ %
++
I\e[\i k_\ jZ\e\% K_\ Z\`c`e^Êj Yi`^_k$ e\jj Xgg\Xij Zfii\Zk efn# dXkZ_`e^ k_\ fk_\iiffdjli]XZ\j% 8j`[\ ]ifd k_\ j_X[fn i\jfclk`fe# k_\i\ `jfe\]cXnc\]k1k_\]ifekjli]XZ\jf]k_\ kXYc\Xi\Zfdgc\k\cp[Xib@cclj%+, %
:Xd\iXC`^_k N\n`cclj\Xcfn$b\pfde`kfjfcm\k_`j gifYc\d%K_`jc`^_kn`ccYi`^_k\ek_\jZ\e\ ]ifdk_\ZXd\iXËjgf`ekf]m`\n% GcXZ\ X e\n c`^_k jfliZ\# ZXcc `k :Xd\iX C`^_kXe[dXb\`kjlYfi[`eXk\kfk_\ZXd$ \iXYp[iX^^`e^`kfekfk_\ZXd\iX`ek_\ FYa\ZkDXeX^\i@cclj%+- % K_`j c`ebj k_\ c`^_k kf k_\ ZXd\iXËj gfj`$ k`feÆj\kk_\c`^_kjfliZ\Zffi[`eXk\j`e k_\:ffi[`eXk\jgXe\cG%O#G%P#G%Q kf'#kf dXb\ `kj gcXZ\d\ek `[\ek`ZXc kf k_\ ZXd$ \iXËj% J\kk_\Yi`^_ke\jj@ek\ej`kp kf+,`ek_\ >\e\iXcgXe\cXe[b\\gk_\Fde`kpg\% J_X[fn j_flc[ jkXp [\XZk`mXk\[ @cclj% +- % :_ffj\ C`e\Xi =Xccf]] IX[`lj&;\ZXp 4 *,' `ek_\;\kX`cjgXe\ckfZi\Xk\Xdfi\ [iXdXk`Z Yi`^_ke\jj [\Zi\Xj\ fe k_\ kX$ Yc\jli]XZ\@cclj%+. %
:_Xgk\i'-×JgXZ\Xe[:\ekiXcC`^_k`e^
+-
+,
/'
J\kk_\@eZcl[\df[\`ek_\JZ\e\gXe\c f] k_\ 8kki`Ylk\j DXeX^\i Xe[ [iX^ k_\ KXYc\fYa\Zk]ifdk_\FYa\ZkDXeX^\i`ekf k_\ FYa\Zkj \ekip ]`\c[ jf `k `j k_\ fecp k_`e^c`kYpk_\ZXd\iXc`^_k@cclj%+/ % Efnn\]`eXccpnXekkfi\]`e\k_\j_X[fn ^iXg_`Zj% 8Zk`mXk\ pfli ]`ijk c`^_k jfliZ\ Xe[ j\k k_\ DXo`dld JXdgc\j mXcl\ kf
+.
+0
+/
(''`ek_\J_X[fngXe\cf]k_\8kki`Ylk\j DXeX^\i#Xe[k_\D`e`dldJXdgc\jmXc$ l\kf('@cclj%+0 % I\e[\i k_\ Zi`k`ZXc `dX^\ j\^d\ek lj$ `e^k_\I\e[\iI\^`feZfddXe[I\e[\i d\el % K_\ kXYc\ `j X Y`k kff Yi`^_k# Ylk k_\ j_X[fn jli]XZ\ _Xj X dlZ_ ]`e\i ^iX`e@cclj%,' % Jf efn n\ j_flc[ Y\ jXk`j]`\[ n`k_ flk c`^_k`e^j\klgXe[ZXedfm\fekfk_\]`$ eXci\e[\i`e^j\kk`e^j% ,'
=`eXcJ\kk`e^j J`eZ\ k_\ c`^_k j\klg `j [fe\# n\ ZXe ]f$ Zljfei\e[\i`e^k_\jZ\e\]fiXgi\j\e$ kXk`fe% 8 ]\n j\kk`e^j _Xm\ kf Y\ X[aljk\[ kf `dgifm\k_\hlXc`kp#i\e[\i`e^k`d\`jeÊk Xj `dgfikXek efn Xj `k nXj `e k_\ j\klg g_Xj\%
,(
,)
Fg\e k_\ I\e[\i j\kk`e^j gXe\c I\e[\i D\el % @ek_\I\e[\iJ\kk`e^Êj>\e\iXcgXe\c#j\$ c\Zk 9\jk ]fi 8ek`Xc`Xj`e^ kf \ejli\ fgk`$ dldZfie\ijdffk_`e^@cclj%,( % @e k_\ Flkglk gXe\c# j\k k_\ i\e[\i`e^ d\Xjli\d\ekj`eg`o\cjI\jfclk`fe Æk_\ ^`m\e d\Xjli\d\ekj i\jlck `e X g`Zkli\ n`k_Xi\jfclk`fef]*''[g`fm\ik_\\e$ k`i\gX^\iXe^\`ek_`jYffb@cclj%,) %
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
/(
8dY`\ek FZZclj`fe @cclj% ,* c\X[j kf X jfd\n_Xk dfi\ i\Xc`jk`Z `dX^\# j`eZ\ k_`j]leZk`fe[Xib\ejXi\Xj`en_`Z_jli$ ]XZ\jd\\k#\%^%iffdZfie\ij% B\\gk_\^`m\ej\kk`e^j#fecpZc`Zbfek_\ YcXZb jhlXi\ fe k_\ c\]k \e[ f] k_\ ^iX$ [`\ekXe[Z_ffj\Xd`[$iXe^\^iXp]ifd k_\ZfcfigXc\kk\% 8eXli\fc\Xifle[k_\c`^_kjg_\i\nflc[ Y\e`Z\ÆpflZXeZi\Xk\k_`j\]]\Zklj`e^ X Gfjk \e\iXcgXe\c@ek\ej`kp4),'#@cclj%(, %
()
=fi k_\ m`\n k_ifl^_ k_\ n`e[fn# pfl Zflc[ X[[ Xe `dX^\# X jbp YXZb^ifle[
(+
]fi\oXdgc\#`ecXk\iZfdgfj`k`e^Æ\%^%`e G_fkfj_fg% PfldXpXjn\cc[fjfd\k_`e^XYflkk_\ n`e[fnj`eflijZ\e\]`c\#k_\\Xj`\jkY\$ `e^kfYi`^_k\ek_\n`e[fngcXe\j% AljkZ_\Zbk_\J_fn`eI\e[\ifgk`fe;\$ kX`cj gXe\c# @cclj% (- # Xe[ k_\ i\e[\i`e^ `dd\[`Xk\cpcffbjY\kk\i@cclj%(. %
(-
:_Xgk\i'.×JleXe[;`]]lj\C`^_k@×@ek\i`fiJgXZ\j
(*
(.
(,
/-
(/
;`]]lj\J_X[fnj 8j pfl _Xm\ Z\ikX`ecp efk`Z\[# pfli Xi\X c`^_k[f\jeÊkZi\Xk\j_X[fnjp\k% 8 j_X[fn k_\ nXp pfl `dX^`e\ `k j\\ @cclj% '( i\hl`i\j X c`^_k jfliZ\ k_Xk `j gcXZ\[XY`k]lik_\if]]k_\]XZX[\% ?fn\m\i#k_\c`^_kjfliZ\pflaljkgcXZ\[ aljk_X[k_\X[mXekX^\k_Xk`knXj`ek_\ jXd\ gcXZ\ Xj k_\ n`e[fn nXcc# n_`Z_ dX[\`k\XjpkfZfekifck_\Yi`^_ke\jj[\$ Zi\Xj\ Æ efk kf d\ek`fe k_\ fggfikle`kp kf lj\ `k ]fi Yi`^_k\e`e^ lg k_\ n`e[fn jli]XZ\j% KXb`e^k_`j`ekfXZZflek#`kj\\djX^ff[ `[\X kf [`m`[\ c`^_k Xe[ j_X[fn ZXjk`e^ Y\kn\\eknfc`^_kjfliZ\j% K_\ X[mXekX^\ k_`j jfclk`fe f]]\ij `j k_\ XY`c`kp kf j\k k_\ Yi`^_ke\jj [\Zi\Xj\ Xcfe^ k_\ iffd jli]XZ\ Xe[ k_\ Xgg\Xi$ XeZ\ f] k_\ j_X[fn `e[\g\e[\ekcp ]ifd fe\Xefk_\i%
(0
)'
)(
))
)*
:`e\dX +; Xccfnj pfl kf dXb\ c`^_k jfliZ\j Zi\Xk\ j_X[fnj n`k_flk Zfeki`Y$ lk`e^kfk_\`ccld`eXk`fe% @ek_`jZXj\#k_\`ek\ej`kpXe[]Xccf]]j\k$ k`e^j[\]`e\fecpk_\jki\e^k_Xe[Yi`^_k$ e\jjgif^i\jj`fef]k_\j_X[fn`dX^\% @k `jeÊk XcnXpj e\Z\jjXip kf kXb\ k_\ \o$ kiXjk\gf]Zfekifcc`e^c`^_kXe[j_X[fnj j\gXiXk\cp Æ `k nXjeÊk e\Z\jjXip n_\e pfl m`jlXc`q\[ jlec`^_k Xk k_\ Y\^`ee`e^ f]k_`jZ_Xgk\i#]fi\oXdgc\% @k dXb\j k_`e^j \Xj`\i ]fi pfl kf lj\ X Zfgp f] k_\ Xi\X c`^_k Xci\X[p `e lj\ ]fi k_\[`]]lj\c`^_k% :fgpk_\c`^_kfYa\ZkYp[iX^^`e^`k`ek_\ FYa\Zk DXeX^\i n_`c\ gi\jj`e^ k_\ :kic
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
/.
b\p Æ fi lj\ k_\ Zfddfe Zfgp gXjk\ ]leZk`fe Yp gi\jj`e^ :kic : Xe[ :kic M% EXd\ `k [`]]lj\ j_X[fn n_\e [fe\ @c$ clj%(/ % B\\g @ek\ej`kp Xk ),' Xe[ j\c\Zk 8i\X Xj j_X[fn kpg\ >\e\iXc gXe\c# @cclj% (0 % Dfm\k_\c`^_kjfliZ\XnXp]ifdk_\]X$ ZX[\Yp.,'le`kjG%Q4$('''#@cclj%)' % :_\Zb k_\ J_X[fn :Xjk\i fgk`fe `e k_\ ;\kX`cj gXe\c @cclj% )( % K_`j j`dgc\# `e$ Zfejg`ZlfljZ_\Zb\ejli\jk_\k_`i[c`^_k jfliZ\ n`cc Zi\Xk\ j_X[fnj n`k_flk Zfe$ ki`Ylk`e^kfk_\c`^_k`e^% 8i\Xj_X[fni\hl`i\jXcfkf]i\e[\igif$ Z\jj`e^% Kf Xmf`[ cfj`e^ kff dlZ_ k`d\ n_`c\ k\jk$i\e[\i`e^# j\k m\ip cfn jXd$ gc`e^ mXcl\j `e k_\ J_X[fn gXe\c D`e`$ dldJXdgc\j4('#DXo`dldJXdgc\j4 +'#8ZZliXZp4.,#@cclj%)) %
)+
Pflii\e[\i`e^j_fnj$Y\j`[\k_\^iX`e`$ e\jj k_Xk `j ZXlj\[ Yp k_\ cfn Y`kdXg jXdgc\iXk\$k_Xkk_\[`]]lj\c`^_kÊjj_X[$ fn[Xib\ejk_\i`^_kgXikf]k_\iffdkf dlZ_@cclj%)+ % Pfl ZXe Zfii\Zk k_`j lj`e^ knf ki`Zbj1 `e k_\ ]`ijk gcXZ\# [\]`e\ C`e\Xi =Xccf]] ]fi _\ j_X[fn$ZXjk`e^ c`^_k jfliZ\ ;\kX`cj# ),
@cclj% ), Æ k_\ ]Xccf]] j_flc[ jkXik Xk .,' le`kj`%\%fek_\]XZX[\c\m\c Xe[\e[Xk (,''le`kjj\\Xcjf@cclj%)* %@ek_`jZXj\# ]Xccf]] n`cc [`d`e`j_ k_\ j_X[fnÊj `ek\e$ ). )-
j`kpn`k_`eZi\Xj`e^iffd[\gk_% 8efk_\iki`Zb`jkfj\k;\ej`kpkf,'`ek_\ j_X[fn gXe\c $ k_`j dXb\j k_\ fm\iXcc j_X[fnc`^_k\i% PfldXpXcjfiX`j\k_\]Xccf]][`jkXeZ\]fi k_\c`^_k$^\e\iXk`e^Xi\Xc`^_kkfYi`^_k\e k_\i`^_kgXikf]k_\iffdIX[`lj&;\ZXp 4-,'#@cclj%)- % Efn k_\ i\e[\i`e^ `j Xcdfjk g\i]\Zk @c$ clj%). %
:_Xgk\i'.×JleXe[;`]]lj\C`^_k@×@ek\i`fiJgXZ\j
//
\kk`e^JkXik\[ `jiXk_\i[iXdXk`Z@cclj%'( % N\n`cci\ZfejkilZkk_`jc`^_k`e^j`klXk`fe Fg\ek_\'/VjkXik%Z+[]`c\j\\g%)*- %@k `ek_\]fccfn`e^Z_Xgk\i% nXjZi\Xk\[n`k_m\ij`fe('% IffdjXe[@e[`i\ZkC`^_k`e^
PflZXej\\Xiffdn_fj\Z\`c`e^c\Xm\j X^Xgkfk_\nXccXkk_\i`^_k#n_`Z_X^X`e `j_`^_\ik_Xek_\iffd#jf`kjlgg\i\e[ `jflkf]j`^_k@cclj%') % >fliXl[ j_X[`e^ C`e\j nXj j\c\Zk\[ ]fi[`jgcXp`ek_\\e\iXc gXe\c Æ k_`j `j k_\ fecp kpg\ f] j_X[fn n\ ZXe lj\`efli\oXdgc\@cclj%(( % @eZi\Xj\k_\Yi`^_ke\jj@ek\ej`kp f]k_\ c`^_k jfliZ\ kf .,'% Jn`kZ_ YXZb kf k_\ ;\kX`c gXe\c# X[aljk :fekiXjk kf (''# k_\ c`^_kËjjXdgc\iXk\kf(-Xe[[\]`e\XC`e$ \Xi=Xccf]]f]'$-,'le`kj@cclj%() % Efni\e[\ik_\jZ\e\X^X`e%K_\j_X[fn jgi\X[jfm\ik_\iffdjli]XZ\j`ej_X[\j
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
0*
f]^iXp#pflZXeXcjfj\\_fnk_\Yi`^_k$ e\jj [\Zi\Xj\j ]ifd k_\ ^Xg Xj `k gif$ ^i\jj\j`ekfk_\[\gk_f]k_\iffd@cclj% (* % PfldXpi\[lZ\k_\j_X[fnËj^iX`ecXk\i fe# Ylk k_\ Zlii\ek j\kk`e^j dXb\ ]fi kfc$ \iXYc\i\e[\i`e^k`d\j% 9lkj`eZ\k_\j_X[fnZXeY\XY`kjkife^\i# `eZi\Xj\`kj;\ej`kpkf()'`ek_\J_X[fn gXe\cf]k_\8kki`Ylk\jDXeX^\i@cclj%(+ % Pfl ZXe j\\ k_\ [`]]\i\eZ\ `e k_\ i\e[\i$ `e^@cclj%(, Æk_\j_X[fnXcfe^k_\]ifek nXcc`jdlZ_dfi\gifefleZ\[efn%
(*
K_\Z\`c`e^`jjk`cckff[Xib#Xck_fl^_$`e i\Xc`kp$`kj_flc[Y\^\kk`e^\efl^_c`^_k j`eZ\c`^_ki\]c\Zkj]ifdk_\nXcc%
(+
(,
Lj`e^Xefk_\i:pc`e[\iXj=`cc Pfl n`cc efn `em\ek Xe X[[`k`feXc c`^_k jfliZ\ k_Xk n`cc fecp c`^_k k_\ Z\`c`e^ n`k_flkc`^_k`e^Xepfk_\ijli]XZ\j% @k j\\dj X ^ff[ `[\X kf kXb\ X[mXekX^\ f]k_\nfibpflËm\Xci\X[p[fe\Xe[lj\ XZpc`e[i`ZXcc`^_kjfliZ\X^X`e%K_`jc`^_k n`cc]\Xkli\ k_\ jXd\ [`d\ej`fej Xj k_\ fe\n\_Xm\Xci\X[pgcXZ\[`ek_\jZ\e\% :fgpk_\\o`jk`e^c`^_kfYa\ZkYp[iX^^`e^ `k `e k_\ FYa\Zk DXeX^\i n_`c\ gi\jj`e^ k_\:kicb\p#Xe[ZXcc`k=`cc:\`c`e^%Dfm\`k [fne:ffi[`eXk\jgXe\c1G%P4'#@cclj%(- % Pfli e\n c`^_k Zpc`e[\i `j \oXZkcp `e k_\ d`[[c\f]k_\iffdefn@cclj%(. %
:_Xgk\i'/×IffdjXe[@e[`i\ZkC`^_k`e^
(.
(-
0+
=fik_`je\nc`^_k#pflj_flc[[\XZk`mXk\ k_\ j_X[fn Xe[ i\[lZ\ `kËj Yi`^_ke\jj @ek\ej`kp Zfej`[\iXYcp j`eZ\ pfl fecp nXek kf c`^_k k_\ Z\`c`e^ >\e\iXc gXe\c# @cclj%(/ % Pflj_flc[Xcjfi\[lZ\k_\]Xccf]][`jkXeZ\# kf Zi\Xk\ Xe \m\e dfi\ [iXdXk`Z Yi`^_k$ e\jj[\Zi\Xj\]fik_`jc`^_k%;\kX`cjgXe\c# IX[`lj&;\ZXp4,,'le`kj#@cclj%(0 % Lgkfefn#k_\]`ccX]]\Zkjk_\\ek`i\iffd# n_`Z_ f] Zflij\ c\X[j kf X Zfdgc\k\ Z_Xe^\`ec`^_k[`jki`Ylk`fe% ?fn\m\i#:`e\dX+;\eXYc\jpflkfdXb\ Xc`^_kjfliZ\X]]\Zkj\c\Zk\[fYa\ZkjÆ`e pfliZXj\`knflc[Y\[\j`iXYc\`]fecpk_\ Z\`c`e^gif]`kj]ifdk_\]`cc%
(/
(0
J\gXiXk`e^IffdXe[:\`c`e^ Kf dXb\ lj\ f] k_`j ]\Xkli\ pflËcc _Xm\ kfj\gXiXk\k_\Z\`c`e^]ifdk_\gfcp^fe jkilZkli\# j`eZ\ Z\`c`e^# nXccj Xe[ ]cffi Xi\Xle`kjf]Xi%
)'
)(
))
)*
G`Zbk_\Gfcp^fekffc]ifdk_\ZfddXe[ YXifek_\c\]kj`[\f]k_\jZi\\e#Xe[Xcjf k_\ C`m\ J\c\Zk`fe kffc ]ifd k_\ lgg\i ZfddXe[YXi@cclj%)'Xe[)) % J\c\Zkk_\gfcp^fefYa\ZkZXcc\[Iffd`e k_\ FYa\Zk DXeX^\i @cclj% )( Xe[ dfm\ pflidflj\fm\ik_\Z\`c`e^jli]XZ\% J`eZ\ :`e\dX +; \og\Zkj pfl kf nfib fe k_\ XZk`m\ fYa\ZkËj gfcp^fej# `k dXibj \m\ip jli]XZ\ pfl ÈkflZ_É `e c`^_k ^iXp# `eZcl[`e^ k_\ Z\`c`e^% :c`Zb fe `k# k_\ fi$ Xe^\$Zfcfi\[ \[^\j `e[`ZXk\ k_\ Z\`c`e^ gfcp^fe`jj\c\Zk\[@cclj%)* % EfnZ_ffj\k_\Jgc`kZfddXe[]ifdk_\ =leZk`fejd\elefkkfY\Zfe]lj\[n`k_ ;`jZfee\Zk#@cclj%)+ % Pfl ZXe j\\ k_Xk X e\n gfcp^fe Xcjf eXd\[Iffd _XjY\\e^\e\iXk\[#Xe[`j c`jk\[ `e k_\ FYa\Zk DXeX^\i gc\Xj\ i\$ eXd\`k:\`c`e^#@cclj%),# %
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
0,
K_`jfYa\Zk`jX[lgc`ZXk\f]k_\]fid\icp j\c\Zk\[Z\`c`e^gfcp^fe% B\\g`ed`e[k_\fi`^`eXcgfcp^fe`jjk`cc k_\i\Xe[e\\[jkfY\i\dfm\[%I\j\c\Zk `k k_\ nXp pfl [`[ XYfm\ Xe[ gi\jj k_\
),
[\c\k\b\p%
)+
Efn k_Xk k_\ Z\`c`e^ `j Xe `e[\g\e[\ek fYa\Zk pfl ZXe ]`e`j_ pfli ]`ccËj `ejkXccX$ k`fe% 9\jli\k_\Z\`c`e^`jj\c\Zk\[Xe[kf^^c\ k_\ JZ\e\ gXe\c `e k_\ 8kki`Ylk\j DXe$ X^\i% J\k @eZcl[\ df[\ Xe[ [iX^ k_\ Z\`c`e^ gfcp^fe ]ifd k_\ FYa\Zk DXeX^\i `ekf k_\FYa\Zkj\ekip]`\c[@cclj%)- kfdXb\ jli\`k`jk_\fecpfYa\Zkc`kn`k_pflic`^_k jfliZ\%
)-
iX[`\ek DXg kf ^`m\ k_\ ^iXpjZXc\ `dX^\ X [\$ Z\ekZfcfikfe\@cclj%+*Xe[++ Æk_`j8[$ aljkd\ekcXp\idXpY\klie\[kfDlck`gcp df[\# `kËj fgXZ`kp ZXe Y\ kle\[ [fne kf n\Xb\ek_\\]]\Zk% PflZXe\og\i`d\ekn`k_:fcfi=`ccjkfZi\$ Xk\dfi\Zfcfi`e^\]]\Zkj#Xcjflj`e^Dlc$ k`gcpdf[\%
+*
Pfl gifYXYcp i\gif[lZ\ k_\ k_`e^j @ [\$ jZi`Y\[ Y\jk `] pfl cffb Xk k_\ '/V]`eXc$ i\e[\i%gj[ ]`c\ Æ Xcjf Z_Xgk\ij (* Xe[ (- f]]\idfi\[\kX`c\[\ogcXeXk`fejf]k_\j\ jk\gj% ++ +,
:_Xgk\i'/×IffdjXe[@e[`i\ZkC`^_k`e^
(''
'(
'0 ')
Iffdj Xe[ 8ik`]`Z`Xc C`^_k`e^ × =clfi\j$ Z\ekKlY\j N\ nXek kf c`^_k fli iffd n`k_ ]clfi\j$ Z\ekc`^_kklY\j`ek_`jZ_Xgk\i@cclj%'( % Dlck`gc\j_X[fnjfek_\]cffiXe[k_\g\$ Zlc`Xic`^_kjkX`ejfek_\Z\`c`e^Xi\kpg`$ ZXc]fik_`jc`^_k`e^j`klXk`fe% @egi`eZ`gc\#k_`jc`^_k`e^j\klgnfibjn`k_ X eldY\i f] Zfg`\j f] fe\ fi`^`eXc c`^_k jfliZ\%K_\X[mXekX^\f]k_`jj\klg`jk_Xk Z_Xe^\j kf k_\ gXiXd\k\ij Yi`^_ke\jj#
]Xccf]]# j_X[fn ZXjk`e^ f] fe\ klY\ Xi\ XlkfdXk`ZXccpXggc`\[kfXcc[lgc`ZXk\j% K_\i\n`ccXcjfY\knfc`^_k`e^j\kj#j`eZ\ iffdc`^_k`e^Xe[Z\`c`e^c`^_k`e^i\hl`i\ knfj\gXiXk\j\klgj% N\n`ccXcjf_Xm\kf[`]]\i\ek`Xk\Y\kn\\e df[\cc\[klY\fYa\Zkjk_Xkfecpcffbc`b\ ZXjk`e^c`^_k#Xe[k_\Èi\XcÉc`^_kjn_`Z_ XZklXccp`ccld`eXk\pflijZ\e\% 8Zflgc\f]]`ccc`^_kjn`ccXcjfY\e\Z\j$ jXipkfZfdgc\k\k_\`dX^\% >\kk`e^JkXik\[ Fg\e k_\ ]`c\ '0VjkXik%Z+[ j\\ g% )*- % @k nXjZi\Xk\[lj`e^m\ij`fe('% Pflj\\Xiffdn`k_fYa\Zkjfek_\Z\`c`e^ $ k_\p i\gi\j\ek ]clfi\jZ\ek c`^_k klY\j `ek_\`i]`kk`e^jÆ#jk`cck_\i\Xi\efÈi\XcÉ c`^_kjfliZ\jp\k@cclj%') % >fliXl[ J_X[`e^ nXj Z_fj\e ]fi iflg FYa\Zkj ZfddXe[ FYa\Zkj d\el# @cclj% )- %:_Xe^\k_\elccfYa\ZkÊjeXd\kfKlY\ Zfg`\j@cclj%). %
)+
Efn i\e[\i k_\ jZ\e\ $ efk`Z\ k_Xk k_\ Z\`c`e^`jfecp[`dcpc`k#n_`c\k_\i\jkf] k_\iffdXgg\Xijfm\i\ogfj\[@cclj%)/ % 8j pfl Xci\X[p befn# c`^_k jfliZ\j _Xm\ dlZ_^i\Xk\i\]]\Zkfeiffdjli]XZ\jk_Xk Xi\]lik_\iXnXp%
),
)-
K_\ fk_\i i\dXibXYc\ Xjg\Zk `j k_\ \o$ gi\jj`m\j_X[fnfek_\Z\`c`e^%K_`jn`cc Y\Zfd\ c\jj gifefleZ\[ cXk\i# n_\e n\ lj\Xi\X`ejk\X[f]_Xi[j_X[fn% ?fn\m\i#Xkgi\j\ek`kÊjY\kk\ikflj\_Xi[ j_X[fn# j`eZ\ k_\ j_X[fnËj ^\fd\kip `j \Xj`\ikfY\Zfekifcc\[k_`jnXp#Xe[Y\$ ZXlj\`ki\hl`i\jc\jji\e[\i`e^k`d\% ).
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
('.
J\gXiXk`e^IffdXe[:\`c`e^ 8jpflj\\#`kÊccdXb\j\ej\kf[`]]\i\ek`$ Xk\Y\kn\\eZ\`c`e^Xe[iffdc`^_k`e^% PflÊm\ Xci\X[p [\]`e\[ jZ\e\ \oZclj`fe ]fipfliklY\fYa\ZkZfekX`e`e^pfli]`ijk c`^_kjfliZ\% Pfl dXp Xj n\cc \oZcl[\ k_\ Z\`c`e^# fi m`Z\ m\ijX `eZcl[\ iffd Xe[ kXYc\ $ Xe[ cXk\ife`ejkXccXj\Zfe[j\kf]c`^_kjjfc\$ cp ]fi k_\ Z\`c`e^# n`k_ `kÊj fne `ek\ej`kp j\kk`e^j\kZ%
)/
?fn\m\i#iffdXe[Z\`c`e^Xi\jk`ccle`k\[ `efe\gfcp^fefYa\Zk#jfk_\p_Xm\kfY\ j\gXiXk\[]`ijk% J\c\Zkk_\Gfcp^fekffc]ifdk_\ZfddXe[ YXi fe k_\ c\]k _Xe[ j`[\ f] k_\ jZi\\e# Xe[k_\C`m\J\c\Zk`fekffc]ifdk_\lgg\i ZfddXe[YXi@cclj%*'Xe[*( % J\c\Zkk_\iffdfYa\Zk`ek_\FYa\ZkDXe$ X^\i@cclj%)0 Xe[dflj\fm\ik_\Z\`c`e^ jli]XZ\`ek_\\e\iXcgXe\c#@c$ clj%,) % 9\Xi `e d`e[ k_Xk X c`^_k jfliZ\ n`k_ efe$gXiXcc\c c`^_k \d`jj`fe `eZcl[`e^ Xi\Xc`^_k `e:`e\dX+;dXb\jXjli]XZ\ ,*
Yi`^_k\in`k_`eZi\Xj`e^[`jkXeZ\#Xjcfe^ Xjef]Xccf]]_XjY\\e[\]`e\[%
,,
DXb\ jli\ =`cc :\`c`e^ `j j\c\Zk\[# k_\e ifkXk\ `k Xifle[ `kj O Xo`j Yp j\kk`e^ I%G kf0':ffi[`eXk\jgXe\c#@cclj%,*2Zc`Zbfe k_\[flYc\Xiifne\okkfk_\Zfii\jgfe[$ `e^mXcl\Xe[dfm\pflidflj\%PflZXe j\\ _fn k_\ c`^_k jli]XZ\ ifkXk\j `e k_\ \e\iXc gXe\c % J_X[fn j_flc[ i\$ dX`e[\XZk`mXk\[% Jn`kZ_kfk_\JZ\e\gXe\cf]k_\8kki`Ylk\j DXeX^\iÆ[iX^k_\kXYc\fYa\Zk]ifdk_\ FYa\Zk DXeX^\i `ekf k_\ FYa\Zkj \ekip
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
((*
]`\c[# k_\e j\k @eZcl[\ df[\ jf fecp k_\ kXYc\n`ccY\\]]\Zk\[Ypk_\ZXd\iXc`^_k% 9\]fi\ pfl X[aljk j\kk`e^j ]fi pfli ]`eXc i\e[\i`e^pflj_flc[[\]`e\jf]kj_X[fnj ]fipfliiffdb\pc`^_k`e^j\klg% J\c\Zk C`^_k Iffd# kf^^c\ k_\ >\e\iXc gXe\c# [\]`e\ J_X[fn DXgj Jf]k # k_\e jn`kZ_kfk_\J_X[fngXe\cXe[j\c\ZkX ,''o,''J_X[fnDXg@cclj%,/ % K_`j mXcl\ `j i\jgfej`Yc\ ]fi k_\ jf]k j_X[fnÊj Y`kdXg i\jfclk`fe Æ :`e\dX +; lj\jX[\]Xlckj\kk`e^f]),'o),'$Xc`kkc\ kff^iX`ep]fifligligfj\%
,.
I\e[\i k_\ jZ\e\% K_\ c`^_k`e^ j\klg `j YXcXeZ\[ efn @cclj% ,. % 8[[`k`feXc ]`e\$ kle`e^ZXeY\[fe\YpZ_ffj`e^Xggifgi`$ Xk\I\e[\ij\kk`e^j% ,/
I\e[\i`e^;\]XlckJ\kk`e^j 8j`egi\m`fljZ_Xgk\ij#pfln`ccZ_Xe^\ jfd\I\e[\ij\kk`e^jkf`dgifm\pfli`d$ X^\#j`eZ\i\e[\i`e^k`d\`jeËkXj[\Z`j`m\ Xepdfi\% Fg\e pfli [\]Xlck i\e[\i`e^ j\kk`e^j I\e[\id\el1I\e[\ij\kk`e^j % ,0
J\c\Zk 9\jk 8ek`Xc`Xj`e^ `e k_\ >\e\iXc gXe\ckf\ejli\`[\XcZfekflijdffk_`e^# @cclj%,0 % K_`j fgk`fe nXj d\Xe`e^c\jj [li`e^ k_\ j\klg g_Xj\# b\\g`e^ `k [\XZk`mXk\[ k_\e jXm\[pflXcfkf]k`d\% J\kk_\j`q\`eg`o\cj`ek_\FlkglkgXe\c I\jfclk`fe Æ k_\ mXcl\j lj\[ n`cc gif$ [lZ\Xe`dX^\k_XkZfm\ijk_\]lccn`[k_ f] X gX^\ `e k_`j Yffb n`k_ X j\kk`e^ f] *''[g`@cclj%-' % 8e \]]\Zk k_Xk c\X[j kf X dfi\ i\Xc`jk`Z `dX^\`j8dY`\ekFZZclj`fe`ek_\gXe\c n`k_k_\jXd\eXd\ %
:_Xgk\i'0×IffdjXe[8ik`]`Z`XcC`^_k`e^×=clfi\jZ\ekKlY\j
-(
-'
((+
@kn`cc[Xib\eXi\Xjn_\i\jli]XZ\jd\\k# \%^%iffdZfie\ij% Lj\k_\[\]Xlckj\kk`e^j_\i\@cclj%-(2k_`j `jfe\f]k_\]\Xkli\jk_Xkn`ccZfjkpflX cfkf]i\e[\i`e^k`d\ % @e fli \oXdgc\# `k nflc[ Xcjf Y\ e`Z\ kf _Xm\ jfd\ d`c[ ^cfn jliifle[`e^ k_\ c`^_kklY\j% Pfl ZXe X[[ k_`j \]]\Zk lj`e^ k_\ >cfn GfjkfliXl[ J_X[`e^ nXj j\c\Zk$ \[ ]fi k_\ \e$ \iXcgXe\cf]k_\8kki`Ylk\jDXeX^\i@cclj% ', % IfkXk\`k`ekfXm\ik`ZXcgfj`k`feYpj\kk`e^ k_\ I%G% mXcl\ kf $0' `e k_\ :ffi[`eXk\j gXe\c#@cclj%'- % K_`j gXiXcc\c jgfk j_flc[ efn Y\ dfm\[ kfk_\gfj`k`fef]fe\f]k_\c`^_k`e^[`jZj ]`ijk% @ek_\FYa\ZkDXeX^\i#[iX^k_\c`^_kfekf ;`jZ%( fg\e k_\ C`^_k ;`jZj ^iflg `] e\Z$ \jjXip jf `k Y\Zfd\j X jlY$fYa\Zk f] `k @cclj%'. % DXb\jli\k_\jgfk`jj\c\Zk\[Xe[j\k`kj i\cXk`m\ gfj`k`fe kf ' G%O# G%P# G%Q Æ k_`j \ejli\jk_\gfj`k`fef]c`^_kXe[[`jZn`cc Y\`[\ek`ZXc@cclj%'- % Efn pfl _Xm\ kf Zi\Xk\ Zfg`\j f] k_\ jgfkc`^_k# fe\ ]fi \XZ_ fg\e`e^ `e k_\ Z\`c`e^#Xe[Xefk_\ik_i\\kfY\gcXZ\[`e k_\jZ\e\Êj]fi\^ifle[flkj`[\k_\iffd%
:_Xgk\i('×IffdjXe[M`j`Yc\C`^_k
',
'.
'-
((/
K_\`igfj`k`fejXi\XcjfdXib\[n`k_[`jZ fYa\Zkj% 8j d\ek`fe\[ XYfm\# pfl _Xm\ kf dXb\ lj\f]`ejkXeZ\j#`%\%Èc`eb\[ÉZfg`\jk_Xk XlkfdXk`ZXccp i\XZk kf Z_Xe^\j kf k_\
'/
'0
fi`^`eXcËj gXiXd\k\ij# n_\e pfl e\\[ X ^iflgf]`[\ek`ZXcc`^_kjfliZ\j# DXb\jli\pflijgfkc`^_kB\p`jj\c\Zk\[ Xe[ gcXZ\ Xe @ejkXeZ\ FYa\Zk Df[\c`e^ FYa\Zk d\el `e k_\ lgg\i ZfddXe[ YXi# @cclj%'/ %EXd\`kB\p%:fgp% K_\ `ejkXeZ\ fYa\Zk j_flc[ Y\ j\c\Zk\[ efn% @e k_\ 8kki`Ylk\j DXeX^\i pfl ZXe j\\ k_Xk pfli B\p jgfkc`^_k `j \ek\i\[ Xj I\]\i\eZ\ FYa\Zk `e k_\ FYa\Zk gXe\c# @cclj%'0 % ('
((
()
EfnpflnXekkfgcXZ\fe\f]pfliZfg`\j `e\XZ_cfZXk`fedXib\[YpX[`jZ% PflZXeËk[fk_`jlj`e^k_\;lgc`ZXk\Zfd$ dXe[fiXepfk_\iki`Zb%Pfl_Xm\kf[f`k `e[`m`[lXccp]fi\XZ_Zfgp% 9lkn\n`cckipkfjfcm\k_`jXj\c\^Xekcp Xjgfjj`Yc\% ?fc[[fnek_\:kicb\p#Xe[[iX^k_\B\p% :fgp`ejkXeZ\fekfk_\e\ok[`jZfYa\Zk`e k_\FYa\ZkDXeX^\i;`jZ%) % :fek`el\ kf Zi\Xk\ dfi\ Zfg`\j Yp :kic$ [iX^^`e^ B\p%:fgp fekf k_\ fk_\i [`jZ fYa\Zkj Xj n\cc# lek`c \XZ_ f] k_\d _Xj X jlYfi[`eXk\ c`^_k `ejkXeZ\ fYa\Zk @cclj% (' % J\c\Zk Xcc f] k_\ `ejkXeZ\j pfl k_lj Zi\$
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
((0
Xk\[ `e k_\ FYa\Zk DXeX^\i Ylk efk k_\ [`jZjDXb\jli\effk_\ifYa\ZkjXi\j\$ c\Zk\[Ypd`jkXb\ Xe[\ek\i']fiG%O#G%P Xe[G%Q`ek_\:ffi[`eXk\jgXe\cf]k_\8k$ ki`Ylk\jDXeX^\i@cclj%(( % K_`jgcXZ\jXcc`ejkXeZ\j`ek_\jXd\gfj`$ k`feXjk_\`ic\X[fYa\Zkjj`dlckXe\fljcp# XjpflZXej\\`ekfgm`\n@cclj%() %
(,
(*
(+
=`c\ XnXp Xcc k_\ [`jZj n`k_ jlYfi[`eXk\ c`^_k `ejkXeZ\j `e X ^iflg FYa\Zkj DXe$ X^\i FYa\Zkj d\el1 >iflg FYa\Zkj# @cclj% (* # Xe[ ZXcc k_`j ^iflg ;`jZ%:fg`\j @cclj% (+ % I\e[\ik_\jZ\e\%Pfli\Zf^e`q\k_Xkk_\ jgfkjnfib$k_\pZXjkc`^_kjgfkjfek_\ ]cffi @cclj% (, 9lk pfl Xi\ jk`cc ]Xi ]ifd k_\i\jlckpflnXekkfXZ_`\m\% K_\]`ijkk_`e^pflÊccnXekkfj\\Xi\k_\ c`^_k Zfcldej% J\c\Zk k_\ b\p c`^_k# Xe[ Z_ffj\M`j`Yc\C`^_k`ek_\>\e\iXcgXe\c f]k_\8kki`Ylk\jDXeX^\i@cclj%(- % K_`jdXb\jk_\c`^_kÊjiXpYle[c\m`j`Yc\ n_\epfli\e[\ik_\jZ\e\$n`k_flkk_`j ]\Xkli\#pflj\\aljk`kj\]]\Zkfei\XcfY$ a\Zkjli]XZ\j% F]Zflij\k_`j\]]\Zk_XjkfY\kle\[n`k_ XeldY\if]j\kk`e^j% =`ijkpfl_Xm\kfkXb\ZXi\f]k_\[`d\e$ j`fej f] k_\ c`^_k Zpc`e[\ij% J\k k_\ jgfk$ c`^_kiX[`ljkf(+;\kX`cjgXe\c#Flk\iIX$ [`lj#@cclj%(. % K_`jj_flc[dXb\`kXY`kk_`Zb\ik_Xek_\ fg\e`e^ `e k_\ Z\`c`e^ `kj iX[`lj Y\`e^ fecp(' %9lkpflZXej\\k_Xkk_`j`jlj\$ ]lc[l\kfk_\[\Zi\Xj\Xcfe^k_\\[^\j%
:_Xgk\i('×IffdjXe[M`j`Yc\C`^_k
(.
(-
()'
I\e[\ik_\jZ\e\%K_\[\j`i\[\]]\ZkZXe Xci\X[p Y\ [`jZ\ie\[# Ylk k_\ c`^_k `jeËk jkife^\efl^_#Xe[k_\Zpc`e[\ijXi\kff _fdf^\e\flj@cclj%(/ % =`ijk iX`j\ pfli Yi`^_ke\jj j\kk`e^ >\e$ \iXcgXe\cÆ@ek\ej`kp4+.,#@cclj%(0 % K_\e \dg_Xj`q\ k_\ [\Zi\Xj\ `e Yi`^_k$ e\jj ]ifd k_\ Zpc`e[\iÊj d`[[c\ Xo`j kf `kjg\i`g_\ipÆkf^^c\k_\M`j`Y`c`kpgXe\c# Xe[ XZk`mXk\ Xe[ j\k \e\iXc gXe\c # b\\gj_X[fnjn`kZ_\[f]]Xe[i\[lZ\@e$ k\ej`kpkf('@cclj%)* % IfkXk\ k_\ c`^_k i\ZkXe^c\ k_`j j_Xg\ Y\`e^ `kj [\]Xlck `ekf X _fi`qfekXc gfj`$ k`feXe[dfm\`k[fnenXi[jlek`c`k`jXk ]cffic\m\c:ffi[`eXk\jgXe\c1I%G40'#G%P 4 $(,'# @cclj% )+ % Pfl ZXe j\k k_\ mXcl\j eld\i`ZXccp fi Zc`Zb fe k_\ [flYc\ Xi$ ifne\okkfk_\Zfii\jgfe[`e^mXcl\]`\c[# gi\jjpflidflj\YlkkfeXe[dfm\pfli dflj\% :_Xe^\Flk\iIX[`ljkf),'Xe[b\\gk_\ [\]Xlck i\ZkXe^lcXi j_Xg\ ;\kX`cj gXe\c# @cclj%), % Kf dXb\ jli\ k_\ Z\`c`e^ `j k_\ fecp jli$ ]XZ\c`kYpk_`jc`^_k#j\k@eZcl[\df[\`e k_\JZ\e\gXe\cXe[[iX^k_\Z\`c`e^]ifd k_\FYa\ZkdXeX^\i`ekfk_\FYa\Zkj\ekip ]`\c[@cclj%)- % K_\i\e[\i`e^[`jgcXpjk_\Z\`c`e^[`dcp c`k@cclj%). %N_\k_\ik_\c`^_k`e^`jjl]]`$ Z`\ek_XjkfY\Z_\Zb\[n`k_`ek_\fm\iXcc Zfek\okf]k_\]`eXci\jlck%
:_Xgk\i('×IffdjXe[M`j`Yc\C`^_k
)*
)+
),
).
)-
())
=`ccC`^_k]fik_\NXccj
)/
K_\nXccjXi\k_\dfjkZi`k`ZXcf]k_\k_i\\ jli]XZ\jk_Xke\\[kfY\Yi`^_k\e\[#j`eZ\ k_\pi\hl`i\Xn\cc$ZfekiXjk\[Yi`^_ke\jj gif^i\jj`fe]ifdk_\Yfkkfdkfk_\kfg%
)0
K_\^iflgf]]flinXccj_XjkfY\Xgfcp$ ^fefYa\Zkf]`kjfnejfpflZXec`^_k`k j\gXiXk\cp% ?fn\m\i# k_\ nXccj Xi\ jk`cc c`eb\[kfk_\]cffi% DXb\ jli\ Iffd `j j\c\Zk\[ @cclj% )/ # k_\eZ_ffj\k_\C`m\J\c\Zk`fekffclgg\i ZfddXe[YXi#@cclj%*' Xe[k_\Gfcp^fe kffcc\]kZfddXe[YXi#@cclj%)0 %
*'
@]pfldflj\fm\ik_\`dX^\`ek_\\e\iXcgXe\c@ek\ej`kp4(.,#@cclj%*/ % ?fn\m\i# ]Xccf]] `j k_\ dfjk `dgfikXek [\j`^e kffc ]fi k_`j c`^_k# Y\ZXlj\ `k n`cc Zi\Xk\Xi`Z_cpZfekiXjk\[Yi`^_ke\jjgif$ ^i\jj`feXcfe^k_\nXccj% 8ccf]k_\i\c\mXekj\kk`e^jXi\kfY\]fle[ `ek_\;\kX`cjgXe\c@cclj%*0 % J\kk_\=Xccf]]8e^c\kf']`ijk%K_`jiXk_\i `eZfejg`Zlflj j\kk`e^ ZXlj\j Yi`^_ke\jj kf Y\ jkife^\jk Xcfe^ k_\ cfn\i \[^\ f] k_\nXccjÆk_\[\]Xlck(/'nflc[Zi\Xk\X Zfdgc\k\cp[`]]\i\ek\]]\Zk% DXb\ jli\ k_\ c`^_k i\jfclk`fe `j Xk `kj cfn\jk gfjj`Yc\ j\kk`e^ JXdgc\j 4 (- % K_`j _\cgj pfl Xmf`[ lee\Z\jjXi`cp cfe^ i\e[\i`e^k`d\j% K_\e j\c\Zk C`e\Xi =Xccf]] \e[`e^ X Y`k XYfm\k_\iffdËjZ\`c`e^@ee\iIX[`lj4'# IX[`lj&;\ZXp4,,' % Pfli i\e[\i`e^ j_flc[ j_fn k_\ [\j`i\[ i\jlck@cclj%+' %
:_Xgk\i('×IffdjXe[M`j`Yc\C`^_k
*/
+'
*0
()+
=cffi=`ccC`^_k N_\epflcffbXkk_\i\e[\i`e^pfln`cc i\d\dY\i k_Xk k_\ ]cffi j_flc[ Xcjf Y\ Yi`^_k\e\[# Xe Xi\X c`^_k Y\`e^ k_\ Y\jk Z_f`Z\`ek_`jZXj\Xjn\cc% 8^X`e# Zfgp k_\ Xi\X c`^_k pfl `ejkXcc\[ ]fik_\Z\`c`e^Xe[ZXcc`k=`cc=cffi% Dfm\`klgnXi[j:ffi[`eXk\jgXe\c1G%P4 *+,#@cclj%+( % @eZi\Xj\ Yi`^_ke\jj jlYjkXek`Xccp jf k_\ ]cffic`^_k`e^dXkZ_\jk_\c`^_k`e^f]k_\ cfn\inXccXi\Xj@ek\ej`kp4),' % Jn`kZ_ kf k_\ JZ\e\ gXe\c# b\\g k_\ @e$ Zcl[\df[\#Ylki\gcXZ\:\`c`e^n`k_=cffi `ek_\FYa\Zkj\ekip]`\c[@cclj%+) % J`eZ\ k_\ ]cffiËj Yi`^_ke\jj nfeËk Y\ k_\ jXd\ Xcc fm\i `kj jli]XZ\# `k `j lj\]lc kf lj\]Xccf]]X^X`e#k_\nXppfl[`[]fik_\ nXccj% Kf^^c\k_\;\kX`cjgXe\c`ek_\8kki`Ylk\j DXeX^\i% :_ffj\ C`e\Xi =Xccf]] Xe[ j\k k_\]Xccf]]iXe^\n`k_Xe@ee\iIX[`ljf] +,'Xe[IX[`lj&;\ZXpf]-''@cclj%+* % K_\ _`^_ @ee\i IX[`lj mXcl\ dXb\j k_\ Yi`^_ke\jj [\Zi\Xj\ fecp cXk\# `%\% i`^_k XYfm\ k_\ ]cffi# kf \dg_Xj`q\ k_\ Zfe$ kiXjk%
+(
+)
+*
++
I\e[\ik_\jZ\e\%K_\c`^_k`e^gifgfik`fe Y\kn\\e Z\`c`e^# nXccj Xe[ ]cffi cffbj YXcXeZ\[@cclj%++ % K_`jjZ\e\`jXj_fnZXj\\oXdgc\f]_fn kfcXp\ic`^_kjfliZ\jkfZi\Xk\Xjl^^\j$ k`m\c`^_k`e^j`klXk`fe%<m\ipc`^_kXjjld\j XZc\Xicp[\]`e\[ifc\#Xe[\XZ_c`^_kZXe Y\fgk`d`q\[`e`kji\jg\Zk`m\ifc\%
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
(),
=f^J_X[\i8kdfjg_\i`Zj 8 jZ\e\ c`b\ k_`j i\hl`i\j k_\ m`jlXc`qX$ k`fef]XiffdËjXkdfjg_\i\%8]f^j_flc[ ^`m\k_\iffdXjlY[l\[Xgg\XiXeZ\#Xe[ c\Xm\k_\i\XiiffdXi\Xjc`^_kcpYclii\[ j\\@cclj%'(Xkk_\Y\^`ee`e^f]k_\Z_Xg$ k\i % K_\j\ \]]\Zkj jl`k k_\ jc`^_kcp dpjk`ZXc c`^_k[iXdXkli^pf]k_`jj\klg%
+,
+-
K_\ =f^ J_X[\i `j k_\ `[\Xc kffc ]fi k_`j gligfj\% Fg\eXe\njZ\e\Xe[Zi\Xk\Xe\ndX$ k\i`Xclj`e^k_\DXk\i`XcDXeX^\i% 9lk j\c\Zk =f^ flk f] k_\ J_X[\i ]cpflk d\el `ejk\X[ f] Z_ffj`e^ E\n DXk\i`Xc DXk\i`XcDXeX^\iËj=`c\d\el#@cclj%+, % GcXZ\XZlY\`ek_\jZ\e\#Xe[[iX^pfli ]f^ k_`e^ fekf `k j`d`cXi kf Xjj`^e`e^ X ÈefidXcÉdXk\i`Xc#@cclj%+- % K_\i\e[\i`e^j_fnjXZlY\n`k_Xk_i\\$ [`d\ej`feXc n_`k\ Xi\X gf`ek`e^ `e gfj`$ k`m\P[`i\Zk`fe@cclj%+. %
+.
Pfl ZXe X[aljk k_\ j_X[\i j\kk`e^j Yp [flYc\$Zc`Zb`e^fek_\k\okli\kX^`ek_\ FYa\ZkDXeX^\i% @]pflj\k\e\iXc gXe\c f]k_\8kki`Ylk\jDXeX^\i@cclj%-) % K_\ i\e[\i`e^ [\dfejkiXk\j k_\ Z_Xe^\ @cclj%-* % K_\ c`^_k`e^ j\klg `j Zfdgc\k\ efn# Xe[ pflZXe]fZljfepfli]`eXci\e[\i`e^%
:_Xgk\i('×IffdjXe[M`j`Yc\C`^_k
-(
()/
=`eXcI\e[\i`e^J\kk`e^j Efnpfl_Xm\kfdXb\X]\nj\kk`e^jk_Xk n`cc`dgifm\k_\]`eXc`dX^\Æk_\i\e[\i$ `e^k`d\`jeËkk_\dfjk`dgfikXekZi`k\i`fe Xepdfi\% -+
J\k 8ek`Xc`Xj`e^ kf 9\jk I\e[\i d\el1 I\e[\ij\kk`e^j#>\e\iXcgXe\c kfXZ_`\m\ `[\Xc\[^\jdffk_`e^@cclj%-+ % 8ek`Xc`Xj`e^ nXj Zfdgc\k\cp [\XZk`mXk\[ n_`c\ j\kk`e^ lg Xe[ k\jk`e^ k_\ jZ\e\ j`eZ\`kjXYj\eZ\fecp_X[Xd`efi\]]\Zk fek_\i\e[\i`e^Ëj^\fd\kipXe[Zfcfi`e^% J\kk_\`dX^\j`q\`eg`o\cjFlkglkgXe\c# I\jfclk`fe Æ k_\ ^`m\e d\Xjli\d\ekj c\X[ kf X *''[g`$Y`kdXg Xj n`[\ Xj X gX^\f]k_`jYffb@cclj%-, %
-,
--
N\[feËke\\[8dY`\ekFZZclj`fefiXep fk_\igfjk\]]\Zk`ek_`jZXj\% 8kdfjg_\i`Z i\]`e`e^ ZXe Y\ dfi\ X[\$ hlXk\cpXZ_`\m\[`egfjkgif[lZk`fe#lj`e^ 8[fY\G_fkfj_fg]fi\oXdgc\% 9\]fi\ i\e[\i`e^ k_\ jZ\e\ Zfdgc\k\cp# kXb\ k`d\ kf i\e[\i Zi`k`ZXc j\^d\ekj lj$ `e^k_\I\e[\iI\^`feZfddXe[I\e[\i d\el#@cclj%-- % K_`j Xccfnj pfl kf Z_\Zb pfli c`^_k`e^ j\klg ]fi nife^ j\kk`e^j fi fk_\i ]cXnj @cclj%-. %
-.
-/
K_\e jkXik pfli i\e[\i`e^ `e k_\ G`Zkli\ M`\n\i @cclj% -/ # k_`j n`cc kXb\ X n_`c\ @cclj%-0 % K_\ i\e[\i\[ `dX^\ nXj gifZ\jj\[ Xe[ Zfcfi\[`eG_fkfj_fg@cclj%-0Xe[.' %
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
()0
.'
:_Xgk\i('×IffdjXe[M`j`Yc\C`^_k
-0
(*'
'(
((
IffdjXe[FYa\Zkj@×>Xcc\ip @ek_`jZ_Xgk\i#k_\X`d`jkfc`^_kXiffd n`k_ Yi`^_k [`]]lj\ c`^_k \ek\i`e^ k_\ iffdk_ifl^_Xjljg\e[\[Z\`c`e^#Xe[kf c`^_kfYa\ZkjÆg`Zkli\j`ek_`jZXj\ÆXg$ gifgi`Xk\cp%K_\@ccljkiXk`feXYfm\j_fnj pfln_Xkk_\]`eXci\jlckZXecffbc`b\@c$ clj%'( %
\eX[[`k`feXcc`^_k`e^n`k_gXiXcc\cjgfkj% ?Xi[ j_X[fnj Xi\eËk e\Z\jjXip `e k_`j ZXj\j`eZ\n\n`ccZi\Xk\k_\[Xib\iXi\Xj Xcfe^k_\]iXd\jXe[iffdZfie\ijlj`e^ 8dY`\ekFZZclj`fe% K_\g_fkf^iXg_jXi\d`e\#k_\pj_fnk_\ _`^_i`j\ Yl`c[`e^ Yl`ck Yp ?Xej Bfcc_f]] feGfkj[Xd\iGcXkq`e9\ic`e% >\kk`e^JkXik\[
N\n`cclj\XZfdY`eXk`fef]Xi\Xc`^_kj ]fik_\iffd#k_\\o_`Y`k`fe`k\djXi\^`m$ ')
Fg\e k_\ ((VjkXik%Z+[ ]`c\ j\\ g% )*- % @k nXjZi\Xk\[n`k_M\ij`fe('% Pflj\\Xiffdn`k_XZ\`c`e^$Zfej`jk`e^ f] ]iXd\ Xe[ c`^_k gXe\j $ Xe[ g`Zkli\j _Xe^`e^ fe k_\ nXccj% Hl`Zb J_X[`e^ C`e\j `j lj\[ ]fi \e\iXc gXe\c f] k_\ 8kki`Ylk\j DXeX^\i# Xe[b\\g@ek\ej`kpj\kkf(''@cclj%'. % 8i\Xc`^_kXccfnjpflkfZ_ffj\Xepgfcp$ ^fe fi jgc`e\ fYa\Zk j_Xg\ ]fi k_\ c`^_k jfliZ\% @e fli ZXj\ `k n`cc Y\ k_\ j_Xg\ f]k_\Z\`c`e^%
:_Xgk\i((×IffdjXe[FYa\Zkj@×>Xcc\ip
''.
(*)
Kfj\c\Zkk_\j_Xg\#jn`kZ_kfk_\;\kX`cj gXe\cf]k_\8kki`Ylk\jDXeX^\ik_\c`^_k fYa\Zkj_flc[jk`ccY\j\c\Zk\[ %?\i\pfl ZXe[\]`e\Xj_Xg\]fipfliXi\Xc`^_k@c$ clj%'/ %J\c\Zkk_\FYa\Zk&Jgc`e\fgk`fe`e k_\8i\XJ_Xg\glcc$[fned\el% Efk\ k_Xk :`e\dX +; Xk k_`j gcXZ\ fecp XZZ\gkjgfcp^feXc#efkgXiXd\ki`ZfYa\Zkj% ?fn\m\i# k_\ ^iflg f] k_\ Z\`c`e^Êj c`^_k gcXe\jXci\X[p`jXgfcp^fefYa\Zk#Xjk_\ `Zfe `e k_\ FYa\Zk DXeX^\i `e[`ZXk\j @c$ clj%'/#kfg % N_`c\ k_\ 8kki`Ylk\j DXeX^\iÊj ;\kX`cj gXe\c `j jk`cc `e ]ifek# gc\Xj\ [iX^ k_\ c`^_k gcXe\j fYa\Zk ]ifd k_\ FYa\Zk DXe$ X^\i`ekfk_\FYa\Zk\ekip]`\c[@cclj%'/ % K_`j kliej k_\ Z\`c`e^ c`^_k gcXe\j `ekf X c`^_k jfliZ\# ef dXkk\i n_\i\ k_\ c`^_k pflgcXZ\[nXj`e`k`XccpcfZXk\[% 8j pfl j\\# pfl [feËk _Xm\ kf nfiip XYflkk_\gfj`k`fe#ifkXk`feXe[j`q\f]Xe Xi\X c`^_k n`k_ Xe FYa\Zk&Jgc`e\ j_Xg\2 efe\k_\c\jj`kdXpY\_\cg]lckfdfm\`k `ekfk_\Zfii\Zkgfj`k`fe#\%^%`]pflnXek kfXjj\jj]Xccf]]iXe^\`ek_\\e\iXcgXe\c#@cclj%() %
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
(**
K_\ i\e[\i`e^ efn cffbj dlZ_ dfi\ [`]$ ]\i\ek`Xk\[@cclj%(* $k_\[`i\Zkc`^_k`e^ ]ifdXYfm\Xgg\XijdlZ_dfi\Zfem`eZ$ `e^efn% N_Xk`jjk`ccd`jj`e^`jX[[`k`feXcYi`^_k$ e\jj Zfd`e^ ]ifd iffd jli]XZ\ i\]c\Z$ k`fej%\e\iXc gXe\c:fcfi1I),,#>),,#9)''#@cclj%(+ % <e_XeZ\ @ek\ej`kp kf ),'# j`eZ\ pfl n`cc [\]`e\Xjkife^]Xccf]]%9lkb\\g8i\Xkpg\# Xe[j_X[fnj_flc[i\dX`e[\XZk`mXk\[%
(,
J`eZ\k_\c`^_k`jd\Xekkfj`dlcXk\]cffi i\]c\Zk`fe#[iX^`kkfk_\jXd\_\`^_k:f$ fi[`eXk\j gXe\c1 G%P 4 $(,'# @cclj% (, Xe[ (. %Klie`k`ekfX_fi`qfekXcgfj`k`feI%G 4 0'2 k_`j nXj efk e\Z\jjXip ]fi k_\ Z\`c$ `e^ c`^_k j`eZ\ `k nXj c`eb\[ kf k_\ c`^_k gcXe\jgfcp^fefYa\Zk % 8[aljk k_\ ^\fd\kip f] k_\ ]cffi ]`cc `e k_\ ]`ijk gcXZ\ @cclj% (- 1 ]fi 8i\X J_Xg\# pflZ_ffj\I\ZkXe^c\#`kjj`q\j_flc[Zfi$ i\jgfe[ n`k_ k_\ iffd j`q\ J`q\ O# P 4 ,'' %DXb\jli\kfj\k=Xccf]]8e^c\kf' @cclj%(- %
:_Xgk\i((×IffdjXe[FYa\Zkj@×>Xcc\ip
(.
(-
(*+
?Xm`e^dX[\pfliZfcfi#`ek\ej`kp#j_Xg\# d\Xjli\d\ek Xe[ cfZXk`fe j\kk`e^j# pfl ZXe [\Xc n`k_ X[[`k`feXc Xjg\Zkj f] k_`j c`^_k% (/
8jk_\]cffi]`cc`jjlggfj\[fecpkfYi`^_k$ \ek_\cfn\igXikf]k_\nXccj#lj\]Xccf]] X^X`e# n_`Z_ pfl ZXe j\k `e k_\ ;\kX`cj gXe\c#kffC`e\Xi=Xccf]]#@cclj%(/ % C`d`k k_`j \]]\Zk kfXggifo`dXk\cp _Xc]f] k_\iffd_\`^_kIX[`lj&;\ZXp4*'' %
(0
@k `j X[m`jXYc\ kf \oZcl[\ k_\ g`Zkli\j ]ifd fli ]cffi i\]c\Zk`fe c`^_k`e^# j`eZ\ pfln`ccnfibfek_\`ij\klgcXk\i%Jn`kZ_ kfk_\JZ\e\gXe\c`ek_\8kki`Ylk\jDXe$ X^\i#j\k#94.,#@cclj%)) % :cfj\ k_\ I\e[\i j\kk`e^j# jn`kZ_ fe k_\ Z\`c`e^ c`^_k X^X`e Xe[ i\e[\i k_\ jZ\e\ feZ\dfi\% @]i\e[\i`e^kXb\jkffcfe^#fg\ek_\I\e$ [\i j\kk`e^j X^X`e Xe[ i\[lZ\ 8dY`\ek FZZclj`feÊj DXo`dld JXdgc\j [iXjk`ZXc$ cpÆXck_fl^_k_`jn`ccdXb\k_\[Xib\e\[ Xi\XjXgg\Xi^iX`e`\i%
)*
)+
)-
),
K_\i\jlck@cclj%)+ j_fnjXefYm`flj`d$ gifm\d\ekkfk_\mXi`Xekn`k_flk8dY`\ek FZZclj`fe@cclj%)* % G`Zkli\C`^_k`e^ K_\ i\e[\i`e^ i\m\Xcj k_\ g`Zkli\j jk`cc Xi\eËkgifg\icpjkX^\[`ek_\jZ\e\Æk_\ n_`k\ YXZb^ifle[ f] k_\ g_fkf^iXg_j `j gXc\^iXp% ?\eZ\ n\ e\\[ X[[`k`feXc c`^_k jfliZ\j k_Xkfecp`ccld`eXk\k_\g`Zkli\j%J`eZ\k_\ g`Zkli\jXi\i\ZkXe^lcXi#`k`ji\Zfdd\e[$ XYc\kflj\i\ZkXe^lcXigXiXcc\cjgfkj% GcXZ\Xe\nc`^_kXe[ZXcc`k=`ccG`Zkli\@c$ clj%), 2]fi`kjKpg\#Xjj`^eJhlXi\GXiXc$ c\cJgfk`ek_\>\e\iXcgXe\c@cclj%)- % PflZXej\\_fnk_\jgfknfibjYpcffb$ `e^k_ifl^_k_\Xcc\ip
).
(*-
=`ijkn\n`ccnfibfek_\c`^_k[`d\ej`fe# j`eZ\ k_\ g`Zkli\ `j efk jhlXi\# Ylk i\Zk$ Xe^lcXi% Pfl ZXe Z_Xe^\ k_\ j`q\ `e k_\ ;\kX`cj gXe\cÆj`eZ\k_\g`Zkli\j`q\`j)''o*''# pflj_flc[j\kk_\c`^_kÊjFlk\iIX[`ljkf (,'Xe[8jg\ZkIXk`fkf'%--@cclj%)/ %
)/
Cffb\[ k_ifl^_ k_\ \e\iXc gXe\c1 @ek\ej`kp 4 ,'# @cclj% *. % Efni\e[\ik_\jZ\e\#n`k_Xccpflic`^_kj Xe[ c`^_k `ejkXeZ\j Æ k_\ k_i\\ g`Zkli\j Xi\`ccld`eXk\[n`k_\hlXcYi`^_ke\jj@c$ clj%*/ %8ZklXccp#k_\pXi\XcdfjkXY`kkff Yi`^_kefn#Xj`]YXZbc`k%9lkk_\i\jlck`j jXk`j]XZkfip]fik_\dfd\ek%
:_Xgk\i((×IffdjXe[FYa\Zkj@×>Xcc\ip
*-
*/
*.
(*/
=`ccC`^_k]fik_\:\`c`e^ K_\ i\e[\i`e^ i\m\Xcj k_Xk k_\ le[\ijli$ ]XZ\ f] k_\ Z\`c`e^ ZfejkilZk`fe `j Zfd$ gc\k\cpYcXZb#n_`Z_`jeËkjligi`j`e^j`eZ\ `kZXeËkY\i\XZ_\[YpXepf]k_\\o`jk`e^ c`^_kjfliZ\j@cclj%*0 % <m\e k_fl^_ k_`j Xgg\Xij kf Y\ X d`efi [\kX`cXe[k_\]iXd\jkilZkli\`jXZklXccp YXZbc`k# n\ jk`cc nXek kf Yi`^_k\e `k X Y`k jfk_\`dX^\[f\jeËk_Xm\lee\Z\jjXi`cp _Xij_ZfekiXjkj%
*0
+(
K_\dfjkXggifgi`Xk\kffc]fik_`jgligfj\ `j#feZ\X^X`e#XeXi\Xc`^_k%@ek_`jZXj\ `k`jY\jkkflj\Xc`^_kk_Xk`jgfj`k`fe\[ Xj cfn Xj gfjj`Yc\ n`k_ i\]\i\eZ\ kf k_\ Z\`c`e^#c`b\k_\]cffi]`cc% I\d\dY\i1 k_\ ]lik_\i X efe$gXiXcc\c c`^_kjfliZ\`j]ifdXjli]XZ\#k_\Yi`^_k\i `k j_`e\j fe k_Xk jli]XZ\# j`eZ\ k_\ c`^_k iXpjÊXe^c\Y\Zfd\jdfi\g\ig\e[`ZlcXi Xj [`jkXeZ\ `eZi\Xj\j% K_\ dfi\ fYc`hl\ k_\Xe^c\#k_\[Xib\i`k^\kj%
+)
EfnZfgp=`cc=cffi#Xe[eXd\k_\[lgc`$ ZXk\=`cc:\`c`e^@cclj%+' % J\c\Zk @eZcl[\ df[\ `e k_\ JZ\e\ gXe\c Xe[[iX^=iXd\]ifdk_\FYa\ZkDXeX^\i `ekfk_\FYa\Zkj\ekip]`\c[@cclj%+( % I\[lZ\ Yi`^_ke\jj >\e\iXc gXe\c1 @ek\e$ j`kp4*,#@cclj%+) Xe[[\XZk`mXk\]Xccf]]`e k_\;\kX`cjgXe\c=Xccf]]1Efe\#@cclj%+* %
+'
K_\ i\e[\i`e^ efn j_fnj k_\ Z\`c`e^Êj le[\ijli]XZ\ Y\`e^ jc`^_kcp Yi`^_k\i @c$ clj%++ % I\e[\ij\kk`e^j +*
++
8[aljkjfd\I\e[\ij\kk`e^jY\]fi\jkXik$ `e^pfli]`eXc`dX^\i\e[\i`e^kf`dgifm\ k_\`dX^\jË^iXg_`ZXchlXc`kp% Fg\eI\e[\iJ\kk`e^jI\e[\id\el #Xe[ j\k9\jk8ek`Xc`Xj`e^`ek_\>\e\iXcgXe\c kfXZ_`\m\`[\Xc\[^\jdffk_`e^@cclj%+,2
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
(*0
Xek`Xc`Xj`e^ nXj Zfdgc\k\cp [\XZk`mXk\[ n_`c\ j\kk`e^ lg k_\ jZ\e\ kf jXm\ pfl i\e[\i`e^k`d\ % J\kk_\`dX^\j`q\`eg`o\cjFlkglkgXe\c1 I\jfclk`fe #k_\mXcl\jlj\[Zi\Xk\Xe`d$ X^\ k_Xk Zfm\ij k_\ ]lcc n`[k_ f] X gX^\ `ek_`jYffbn`k_Xj\kk`e^f]*''[g`%@c$ clj%+- % 9\]fi\i\e[\i`e^k_\jZ\e\`ekfkXc#kXb\ k`d\kfi\e[\iZi`k`ZXcj\^d\ekjlj`e^k_\ I\e[\i I\^`fe ZfddXe[ I\e[\i d\el % K_`j Xccfnj pfl kf Z_\Zb `] pfl ]fi^fk X j\kk`e^ fi klie\[ f]] X c`^_k jfliZ\ Yp d`jkXb\@cclj%+. %
+,
+-
N_\epflÊi\[fe\n`k_k\jk`e^#pfldXp I\e[\i kf G`Zkli\ M`\n\i I\e[\i D\el# @cclj%+/ %
+/
:_Xgk\i((×IffdjXe[FYa\Zkj@×>Xcc\ip
+.
(+'
JleXe[;`]]lj\C`^_k@@×@ek\i`fif]k_\ KfdYXDXdYi\kk`Yp>l`j\gg\K\iiX^e` K_\ KfdYX DXdYi\kk` `j Xe lei\Xc`q\[ gifa\Zk Yp k_\ @kXc`Xe XiZ_`k\Zk >l`j\gg\ K\iiX^e`(0'+$(0+* %@k`jXjlYk\iiXe\Xe ^iXm\`en_`Z_k_\jXiZfg_X^`f]k_\[\X[ c`\`ej_\c]$c`b\jgXZ\j% K_\gXikf]k_\kfdYXYfm\^ifle[`jk_\ \ekiXeZ\Xi\X%8eXckXie`Z_\nXj`ek\e[$ \[]fid\[`kXk`feXe[giXp\i% C`^_k\ek\ijk_\jkilZkli\k_ifl^_i\ZkXe$ ^lcXijc`kjgcXZ\[Y\kn\\ek_\Yfi[\i`e^ nXcc Xe[ jgXZ\j Y\kn\\e k_\ nXccj Xe[ Z\`c`e^# Xj pfl ZXe j\\ `e k_\ i\e[\i`e^ fek_\c\]k@cclj%'( % K_\^Xgf]k_\\ekiXeZ\Y\_`e[k_\m`\n\i Xccfnjjlec`^_kkfg\e\kiXk\k_\`ek\i`fi#`k Zi\Xk\jXjki`b`e^i`YYfef]c`^_kk_Xk_`kj Yfk_]cffiXe[XckXi%
'(
')
()
?\eZ\ k_\ jZ\e\ ]\Xkli\j Yfk_ X j\k f] cXp\ijf][`]]lj\c`^_kXe[fe\[`i\Zkc`^_k% Kf^\k_\ik_\pZi\Xk\XZfdgc\ojkilZkli\ f]Yi`^_ke\jj^iX[`\ekjn`k_cXp\ijf]jf]k j_X[fnj% K_\ ^fXc `e k_\ ]fccfn`e^ Z_Xgk\i `j kf i\$Zi\Xk\k_`jjZ\e\n`k_k_\Xggifgi`Xk\ c`^_kfYa\Zkj%J`eZ\pfln`ccfecpY\nfib$ `e^ n`k_ Xi\X j_X[fnj# fe\ f] k_\ dX`e fYa\Zk`m\jn`ccY\kfb\\gi\e[\i`e^k`d\ n`k_`e i\XjfeXYc\ c`d`kj Xj pfl [\m\cfg Xe[k\jkpflii\e[\i`e^j% >\kk`e^JkXik\[ Fg\e k_\ ()VjkXik%Z+[ ]`c\ j\\ g%)*- % @k nXjZi\Xk\[n`k_M\ij`fe('% Pfl ZXe j\\ k_\ iffd ]ifd Xe \ekiXeZ\ g\ijg\Zk`m\%Pflj\\k_\m`\ngfik`dX^\ `j Zc`gg\[ Yp ^iXp i\ZkXe^c\j $ k_\ `d$ X^\flkglkkfY\i\e[\i\[`ek_\G`Zkli\ M`\n\in`cc_Xm\Xelgi`^_k]fidXk% >fliXl[J_X[`e^nXjj\c\Zk\[]fik_\\e\iXc gXe\c1 @ek\ej`kp 4 ,''# @cclj% (* % :_ffj\ 8i\X ]fi pfli c`^_k Xe[ j_X[fn kpg\ `e k_\ jXd\ gXe\c% J\k :pc`e[\i Xj 8i\X J_Xg\`ek_\;\kX`cjgXe\c@cclj%(, % @kj_flc[Y\('le`kjk_`ZbFlk\iIX[`lj4 , #c\e^k_J`q\Q j_flc[Y\j\kkf,,% DXb\ jli\ k_\ c`^_k JXdgc\j iXk\ `j j\k kf`kjcfn\jkgfjj`Yc\mXcl\(-%IfkXk\k_\ Zpc`e[\i Xifle[ `kj P Xo`j :ffi[`eXk\j gXe\c1 I%G 4 0' Xe[ dfm\ `k XYfm\ k_\ ^XgG%P4-,#G%Q4$)(#@cclj%(- % K_\ \e\iXc gXe\c @ek\e$ j`kp 4 ('''# @cclj% *( # Xe[ j\c\Zk8i\X ]fi Yfk_c`^_kXe[j_X[fnkpg\X^X`e%
:_Xgk\i()×JleXe[;`]]lj\C`^_k@@×@ek%f]k_\KfdYXDXdYi\kk`
(+-
*+
;iX^ k_\ c`^_k fYa\Zk flknXi[j :ffi[`$ eXk\j gXe\c1 G%P 4 ()# G%Q 4 ,'# @cclj% ** % I\[lZ\ k_\ j`q\ f] k_\ i\ZkXe^c\ `e k_\ ;\kX`cjgXe\cFlk\iIX[`lj4*'#@cclj%*+ % DXb\jli\k_\i\jfclk`fef]k_`jc`^_k`jXj cfnXjgfjj`Yc\JXdgc\j4(- %
*)
Jn`kZ_ kf k_\ \e\iXc gXe$ \c Æ j\c\Zk k_\ >\fd\kip fgk`fe jf k_\ Zfekflij `e fli `dX^\ Xi\ X[\hlXk\cp jdffk_\e\[ @cclj% +) # k_`j n`cc Xcjf i\$ jlck`e]`e\ij_X[fndXgj% +*
++
@ek_\FlkglkgXe\c#j\kk_\`dX^\j`q\`e g`o\cj$k_\^`m\ed\Xjli\d\ekjc\X[kf Xg`Zkli\n`k_Xi\jfclk`fef]*''[g`fm\i k_\\ek`i\jli]XZ\f]k_\Zfm\if]k_`jYffb I\jfclk`fe#@cclj%+* %
+,
PfldXp[`ji\^Xi[k_\i\jkf]k_\I\e[\i j\kk`e^j# \%^% pfl [feËk e\\[ 8dY`\ek FZ$ Zclj`fe `e k_`j ZXj\ j`eZ\ pfli jZ\e\ `j iXk_\i [`]]lj\ Xe[ j_X[fnp# jf X[[`k`fe$ Xccp [Xib\e\[ iffd \[^\j nflc[ YXi\cp Y\i\Zf^e`qXYc\% :`e\dX+;e\\[jX[\Z\ekXdflekf]k`d\ kfi\e[\ik_\]`eXc`dX^\#Xjpfl[\]`e\[ _`^_cpi\jfcm\[Xi\Xj_X[fn]fi]`m\c`^_k fYa\Zkj# jf lj\ k_\ I\e[\i I\^`fe Zfd$ dXe[I\e[\id\el kfi\e[\iZi`k`ZXc`d$ X^\j\^d\ekj]`ijk@cclj%++Xe[+, % >f k_ifl^_ k_\ j\kk`e^j f] Xcc pfli Xi\X c`^_kjfe\dfi\k`d\Xe[dXb\jli\k_\ JXdgc\j iXk\ `j (- ]fi \XZ_ c`^_k Y\]fi\ ]`eXccpi\e[\i`e^k_\`dX^\kfk_\G`Zkli\ M`\n\i% K_`j gifZ\jj kXb\j X Y`k f] k`d\# Ylk pfl ZXe i\Zf^e`q\ _fn Yfk_ k_\ j_X[fnÊj _`^_ Y`kdXg i\jfclk`fe Xe[ Xek`Xc`Xj`e^ _Xm\ Xe fYm`flj `dgXZk fe k_\ `dX^\Êj hlXc`kp@cclj%+, %
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
(+0
:_Xgk\i()×JleXe[;`]]lj\C`^_k@@×@ek%f]k_\KfdYXDXdYi\kk`
(,'
'(
(* ')
JleXe[;`]]lj\C`^_k@@@×l`j\gg\K\iiX^e` @ek_`jZ_Xgk\i#n\Xi\^f`e^kfc\Xm\k_\ `ej`[\f]k_\kfdYXe[ZfeZ\ekiXk\feXe flkj`[\jZ\e\]fiXZ_Xe^\%K_\gi`dXip ^fXc_\i\`jkfZi\Xk\XeXkdfjg_\i`ZXccp Xggifgi`Xk\ i\cXk`fej_`g Y\kn\\e [`]$ ]lj\ Xe[ [`i\Zk\[ [Xpc`^_k Æ @ccljkiXk`fe '(j_fnjXgfjj`Yc\i\jlck%J`eZ\k_\fY$ a\Zk`jXdfi\Zfdgc\oXiZ_`k\Zkli\df[\c# gXik f] pfli kXjb n`cc Y\ kf gi\gXi\ k_\
`dgfik\[ :88; jkilZkli\ ]fi pfli c`^_k j\klg# n_`Z_ dXb\j k_`j X i\m`\n Xe[ giXZk`ZXcXggc`ZXk`fef]k_\befnc\[^\n\ ^Xk_\i\[`e:_Xgk\i'*#:88;@dgfikXe[ Df[\cJ\klg% Fg\e k_\ (*VjkXik%Z+[ ]`c\ j\\ g% )*- % Pflj\\Xdf[\ck_Xkj\\djiXk_\ijdXcc Xe[cfe\jfd\`ek_\\e\iXc1 @ek\ej`kp 4 (''# @cclj% +( # Xe[ cfn\i k_\ Jle J_X[fnËj X Y`k @ek\ej`kp 4 .,# @cclj% +) % =fi Jle J_X[fn# pfl _Xm\ kf Z_\Zb Xe$ fk_\ifgk`fe;\kX`cjgXe\c1J_X[fn:Xjk$ \i# @cclj% +* kf dXb\ jli\ k_`j c`^_k fecp Zi\Xk\j j_X[fnj# Xe[ b\\gj `k ]ifd [`j$ ki`Ylk`e^c`^_kkfk_\jZ\e\% J\c\Zk 8i\X Xj k_\ jle j_X[fnËj kpg\ @c$ clj% +) # jf `k `jeËk Xj j_Xig$\[^\[ Xe[ Xik`]`Z`XcÆ]fiXgXiXcc\cc`^_kjfliZ\#k_\ kiXej`k`feY\kn\\e_Xi[Xe[jf]kj_X[fn ZXe Y\ X[aljk\[ `e k_\ ;\kX`cj gXe\c `e fli \oXdgc\1 @e]`e`k\ 8e^c\ 4 '%,# @cclj% +* %
+*
DXb\jli\efj_X[fn`j[\]`e\[]fiJle C`^_k@cclj%+( % 8j XcnXpj n_\e pfl lj\ Xi\X j_X[fn# pfl _Xm\ kf cfn\i `kj i\jfclk`fe kf jXm\ k`d\[li`e^pflik\jki\e[\i`e^j%=fik_\ jXb\ f] j`dgc`Z`kp# pfl j_flc[ [f k_`j ]fiJleJ_X[fnXe[;`]]lj\Xkk_\jXd\ k`d\% J\c\Zk Yfk_ Xe[ j\k k_\ DXo`dld JXd$ gc\j mXcl\ kf (' `e k_\ 8kki`Ylk\j DXe$ X^\iËjJ_X[fngXe\c#n_`Z_efnZfekifcj Yfk_c`^_kj@cclj%++ % Jn`kZ_ f]] ;`]]lj\ Xe[ i\e[\i k_\ jZ\e\% Pfl ZXe j\\ _fn Yfk_ jlej Zfdgc\d\ek \XZ_fk_\in`k_[`]]\i\ek\]]\Zkj@cclj%+, Æ n`k_flk jg\Z`]`ZXccp [\]`e`e^ k_\ kXjbj f]Yfk_`e]`e`k\c`^_kjfliZ\j#Xccjli]XZ\j `e k_\ _Xi[ j_X[fn Xi\X nflc[ Y\ Zfd$ gc\k\cpYcXZb% Cfn\i k_\ ;`]]lj\Ëj Yi`^_ke\jj jf k_\ jZ\e\ [f\jeËk Y\Zfd\ fm\i\ogfj\[ @e$ k\ej`kp 4 )),# @cclj% +- % Klie ;`]]lj\ fe X^X`e Xe[ i\e[\i k_\ jZ\e\ fe\ dfi\ k`d\% K_\ i\jlck cffbj gi\kkp ^ff[% K_\ [`]]lj\Xe[[`i\Zkc`^_kZfdgc\d\ek\XZ_ fk_\ijlZZ\jj]lccp@cclj%+. %
:_Xgk\i(*×JleXe[;`]]lj\C`^_k@@@×\e\iXc gXe\c1 @ek\ej`kp4$., %
,'
,(
Kf c`d`k k_`j \]]\Zk kf k_\ df[\c J`k\ Xe[ =cffi# jn`kZ_ kf k_\ JZ\e\ gXe\c% J\k k_\ @eZcl[\df[\Xe[[iX^Yfk_fYa\Zkj]ifd k_\FYa\ZkDXeX^\i`ekfk_\FYa\Zkj\ekip ]`\c[% @cclj% ,(2 pfl dXp _Xm\ kf \ogXe[ k_\KfdYXelccfYa\ZkY\]fi\pfl[fk_`j % J\kk`e^j]fik_\=`eXcI\e[\i`e^ 8jljlXc#Y\]fi\cXleZ_`e^pfli]`eXci\e$ [\i`e^ pfl _Xm\ kf dXb\ X ]\n X[aljk$
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
(-(
d\ekjkf`dgifm\k_\hlXc`kp%I\e[\i`e^ k`d\`jeËkXjZi`k`ZXcXepdfi\% =fi;`]]lj\Xe[JleJ_X[fn#]`ijk`eZi\Xj\ k_\ j_X[fnËj Y`kdXg i\jfclk`fe J_X[fn gXe\c18ZZliXZp4(''#D`e`dldJXdgc\j 4),#DXo`dldJXdgc\j4(''#@cclj%,) % J\c\Zk8ek`Xc`Xj`e^`ek_\>\e\iXcgXe\cf] k_\ I\e[\i j\kk`e^j >\fd\kip# @cclj% ,* # Xe[ XZk`mXk\ 8dY`\ek FZZclj`fe n`k_ X ^iXp$kf$n_`k\^iX[`\ek#@cclj%,+ % 8j pfl j\\ `e k_\ m`\ngfik i\e[\i`e^# c`^_k [`jki`Ylk`fe j\\dj YXcXeZ\[ efn2 k_\ jle$Zi\Xk\[ j_X[fn cffbj [\]`e\[# n`k_flkY\`e^kffj_Xig$\[^\[@cclj%,, % ,+
,)
,*
,,
:_Xgk\i(*×JleXe[;`]]lj\C`^_k@@@×\e\iXcgXe\c1@ek\ej`kp4)'' % Pfl n`cc _Xm\ kf gcXZ\ X =cffi fYa\Zk `e k_\jZ\e\Y\]fi\_Xm`e^j_X[fnjfek_\ ^ifle[% G`ZbX=cffi]ifdk_\JZ\e\FYa\Zkjd\el `ek_\lgg\iZfddXe[YXiXe[c\Xm\`kj gfj`k`feXj`k`j% 0+
Pflj_flc[lj\XZXd\iXkf^\kXe`Z\g\i$ jg\Zk`m\% GcXZ\fe\]ifdk_\JZ\e\FYa\Zkjd\el Xjn\cc Xe[\ek\ik_\]fccfn`e^mXcl\j`e k_\:ffi[`eXk\jgXe\c@cclj%0+1G%O4(('# G%P4,),#G%Q4$/,#I%?4,,#I%G4$-,#,% B\\gk_\]fZXcc\e^k_Xk*-% Efnjn`kZ_kfpflie\nZXd\iXcfYXc JZXc\ kf (, kf dXb\ `k jdXcc\i%
0.
Pfl ZXe j\\ X YcXZb$\[^\[ c\]k Xiifn `e k_\8kki`Ylk\jDXeX^\iÊjd\elifn%:c`Zb fek_\Xiifnkf^fYXZbkfk_\:fcfiZ_Xe$ e\cÊj kfg c\m\c# Xe[ k_\e jn`kZ_ kf k_\ 9ldg:_Xee\c%
0/
00
J\c\Zk X ef`j\ `e k_\ Yldg K\okli\ glcc$ [fneXjn\cc% 8jk_\Z_Xee\cÊjeXd\jl^^\jkj#k_`jef`j\ n`ccZi\Xk\Xi\c`\]\]]\Zkn`k_X^iXpjZXc\ `dX^\@cclj%0/ %@ek_`jZ_Xee\cpflZXe [\]`e\k_\jki\e^k_f]k_\i\c`\]\]]\Zk#Xj n\ccXjk_\[`i\Zk`fe% N_\eJki\e^k_`jgfj`k`m\#k_\c`^_kXi\Xj n`cc Xgg\Xi kf Y\ iX`j\[2 `] k_\ Jki\e^k_ jc`[\ `j `e k_\ d`elj Xi\X# k_\p n`cc Y\ i\Z\jj\[% K_\ [`i\Zk`fe `j j\Zfe[Xip `e k_`j ZXj\# Ylkn\[feËknXekkffm\i[fk_`e^jn`k_ k_\ i\c`\] jki\e^k_# X mXcl\ f] (' j_flc[ Y\aljk]`e\%
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
(0*
:c`Zb fe k_\ j_X[\i d`e`Xkli\ kf XZZ\jj k_\ef`j\j\kk`e^j% :_ffj\Xe=9Dk_`jk`d\n`k_('FZkXm\j Xe[X>cfYXcJZXc\f],'@cclj%0028ZZfi[$ `e^ kf k_\ _Xe[Yffb# k_\ fZkXm\j [\]`e\ k_\c\m\cf][\kX`c % Pfl Xcjf nXek kf [\]`e\ X Z_XiXZk\i`jk`Z jli]XZ\]fik_\iX`c`e^% :i\Xk\Xe\ndXk\i`XcXe[Xjj`^e`kkfk_\ iX`c`e^\c\d\ekj% K_\ \Xj`\jk nXp kf [f k_`j `j kf Zfejfc`$ [Xk\Xccf]k_\d`eXelccfYa\Zk`%\%#k_\ gfcp^fefYa\Zk]fik_\]`ijkiX`c`e^YXi#`kj Zfg`\j#k_\eliYjjkilZkli\lj\[kfZi\Xk\ k_\ _Xe[iX`c Xe[ `kj Zfg`\j1 FYa\Zk DXe$ X^\iËjFYa\Zkd\el1>iflgFYa\Zkj % ?Xm`e^Zi\Xk\[k_`je\nelccfYa\Zk#pfl dXp[iX^pflij\Zfe[dXk\i`Xcfekf`k%
(''
@e k_\ 9Xj`Z gXe\c f] k_\ e\n dXk\i`XcÊj j\kk`e^j# c\Xm\ k_\ Jg\ZlcXi Xe[ XZk`mXk\ I\]c\Zk`feX[[`k`feXccp% @ek_\:fcfiZ_Xee\c#j\k9i`^_ke\jjkf('' @cclj%('' #`ek_\I\]c\Zk`feZ_Xee\c#pfl i\[lZ\k_\i\]c\Zk`fejki\e^k_9i`^_ke\jj 4)'#@cclj%('( % =fi k_\ d\kXcc`Z jli]XZ\# X j_Xigcp Zfe$ kfli\[jg\ZlcXi`jZ_XiXZk\i`jk`Z% Jn`kZ_kfk_\i\jg\Zk`m\Z_Xee\cXe[j\k k_\ D\kXc df[\% K_`j kliej k_\ dXk\i`Xc iXk_\i [Xib fm\iXcc# n_`c\ jki\jj`e^ k_\ jg\ZlcXi@cclj%(' % Pfl ZXe Zi\Xk\ X j_Xig$\[^\[ jg\ZlcXi Yp j\kk`e^ X i\cXk`m\cp _`^_ mXcl\ ]fi @e$ e\iN`[k_+'`efliZXj\ Xe[Xe\^Xk`m\ =Xccf]]mXcl\$), %
('(
I\e[\iXj\^d\ekf]k_\jZ\e\Æk_\dX$ k\i`Xc jli]XZ\j j\\d X Y`k XYjkiXZk# Ylk [`jk`eZk@cclj%('* %
:_Xgk\i(+×IffdjXe[FYa\Zkj@@×Jg`iXcJkX`iZXj\
('*
(')
(0+
('+
8Zk`mXk\8ek`Xc`Xj`e^Y\]fi\pfljkXikpfli ]`eXci\e[\i`e^I\e[\ij\kk`e^jÊ>\e\iXc gXe\c1 >\fd\kip# @cclj% (', % ;li`e^ pfli ZfejkilZk`fe Xe[ k\jk$i\e[\i g_Xj\ pfl Zflc[ [f n`k_flk# n_`Z_ jXm\[ pfl X cfk f]i\e[\ik`d\#Ylk]fipfli]`eXcpflnXek kf^\kjdffk_\[^\j% 8ek`Xc`Xj`e^Xcjf^iXekjX_`^_\ij_X[fn Y`kdXgi\jfclk`fe%
(',
('-
8dY`\ek FZZclj`fe @cclj% ('- dXb\j k_\ `dX^\ j\\d X Y`k dfi\ Èi\XcÉ cXk\i% @k ^`m\j pfli df[\c [`]]lj\ [Xib Zfie\ij# le]fikleXk\cpXkk_\\og\ej\f]Zfej`[\i$ XYcpcfe^\ii\e[\i`e^k`d\% Kf i\[lZ\ k_`j [`jX[mXekX^\# i\[lZ\ XZ$ ZliXZp Xe[ i\jfclk`fe mXcl\j 8ZZliXZp 4 ,'# D`e`dld JXdgc\j 4 ('# DXo`dld JXdgc\j4+' % @eZi\Xj\ k_\ j_X[fn i\jfclk`fe ]fi Yfk_ c`^_k jfliZ\j J_X[fn gXe\c1 8ZZliXZp 4 .,# D`e`dld JXdgc\j 4 )'# DXo`dld JXdgc\j4('' %
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
(0,
('.
@] pfl Xi\eËk jli\ f] k_\ \]]\Zk k_\j\ gX$ iXd\k\ij n`cc _Xm\# i\e[\i j\^d\ekj f] k_\jZ\e\kfZ_\Zb% EfnjkXikpflii\e[\i`e^%8jpflZXej\\# `kkXb\jXY`kcfe^\ik_`jk`d\@cclj%('+ % @ kffb k_\ c`Y\ikp f] i\e[\i`e^ X j\Zfe[ g\ijg\Zk`m\@cclj%('. %=fik_`jm`\n#k_\ jle Xe[ [`]]lj\ c`^_k n\i\ [\XZk`mXk\[ Xe[XeX[[`k`feXcXi\Xc`^_k`em\ek\[$`e _\d`jg_\i\ j_Xg\ Xj n\cc# Ylk `em\ik\[ k_`j k`d\ @cclj% ('0 % J`eZ\ k_\ m`\n `j ]ifdY\cfnXjn\cc#k_\^ifle[_X[kfY\ \oZcl[\[]ifdi\e[\i`e^% K_\ZfejkilZk`fef]k_\jg`iXcZXj\`jZfd$ gc\k\%8jpflZXej\\#pfl_Xm\kfY\m\ip gi\Z`j\ n_\e df[\c`e^% 8e \Zfefd`$ ZXc gfcp^fe jkilZkli\ k_Xk ZXe Y\ \Xj`cp dXeX^\[ `e k_\ \idXe Yi`Zb j`q\ dp `dX^\ nflc[ Zfm\i X nXcc jli]XZ\ f] ,#,'d o *#)'d`ei\Xc`kp% K_`j b`e[ f] dfekX^\ kXb\j hl`k\ jfd\ k`d\#YlkXkc\Xjkk_\i\n`ccY\efk`c\i\g$ \k`k`fe`eXnXcck_`jj`q\% Gc\Xj\efk\k_Xkdp`dX^\#k_fl^__l^\# `jefkgi\gXi\[]fij\Xdc\jjk`c`e^%K_lj k_\ kiXej`k`fe Xk k_\ nXcc Zfie\ij n_\i\ knf ^iXg_`Zj d\\k nfeÊk cffb g\i]\Zk X ]cXnpflnflc[[\]`e`k\cpjfikflk`eG_f$ kfj_fg %
'*
Cffb Xk @ccljkiXk`fej '( Xe[ ')# n_`Z_ j_fnk_\]`e`j_\[i\e[\i`e^% B\\g `e d`e[ k_Xk k_\ Yi`Zb `dX^\ `j X G_fkfj_fg ]`c\# Ylk k_\ `ek\ijk`Z\j n\i\ Zi\Xk\[ lj`e^ X :`e\dX +; j_X[\i X ef`j\ % K_\ `ek\ijk`Z\ i\c`\] `j efk df[\c\[# Ylk k_\ i\jlck f] k\okli\ df[lcXk`fe jf$ ZXcc\[YldgdXgg`e^ %
'+
Fg\ek_\(,VYi`Zb%gj[]`c\k_Xkj_fnjk_\ Yi`Zbjli]XZ\`eG_fkfj_fg@cclj%'* % 8cck_\jkfe\jXi\fefe\cXp\i#k_\`ek\i$ jk`Z\jgXZ\`jkiXejgXi\ek%K_\`ek\ijk`Z\Êj ^iXp `j Zi\Xk\[ Yp k_\ jfc`[ Zfcfi cXp\i le[\ie\Xk_@cclj%'+ % 8ck_fl^_k_\hlXc`kpf]k_\G_fkfj_fg`d$ X^\ `j `dgi\jj`m\# `k `j _Xi[cp lj\]lc ]fi k\okli`e^[l\kf`kjj`q\% KXb\k`d\kfXjj\jj_fncXi^\k_\m`j`Yc\ nXccj\^d\ekn`ccY\`ek_\i\e[\i`e^% ;`m`[\ k_\ Xggifo`dXk\ j`q\ `e Z\ek`d\$ k\ij Yp )%,+ Xe[ dlck`gcp k_\ i\jlck Yp (,'% K_`j `j k_\ dXo`dld g`o\c j`q\ pfl n`cc e\\[ (,' [g` j_flc[ Y\ \efl^_ ]fi k_`j b`e[f]k\okli\ %FliG_fkfj_fg]`c\nflc[ Zfm\iX(*'Zd$n`[\`dX^\YXj\[fek_`j ZXcZlcXk`fe J\c\Zkk_\@dX^\J`q\ZfddXe[]ifdk_\ @dX^\d\el@cclj%', ÆZ_Xe^\k_\i\jf$
:_Xgk\i(,×K\okli\Xe[FYa\Zk×9i`ZbNXcc
'-
',
(0/
clk`fekf.)[g``ek_\n`e[fnk_Xkfg\ej lg@cclj%'- % Pfl ZXe j\\ _fn k_\ g`o\c Xdflek [\$ Zi\Xj\j `e k_\ lgg\i gXik f] k_\ [`Xcf^% 8j pfl d`^_k befn# _Xcm`e^ k_\ i\jfcl$ k`fej_i`ebjk_\]`c\j`q\kfX]flik_f]`kj `e`k`Xcj`q\% K_\ g`o\c i\[lZk`fe nXj k_\ ]`ijk jk\g kf$ nXi[j dXb`e^ k_\ ^iXg_`Z `dX^\ dfi\ dXeX^\XYc\ ]fi lj\ `e :`e\dX +; Æ k_\ j\Zfe[ `j kf Zfdgi\jj k_\ `dX^\ `ekf X jl`kXYc\\ogfik]fidXk%
'.
K_\ JXm\ =fi N\Y ;\m`Z\j ZfddXe[ ^`m\jpflk_\Y\jkZfekifcfm\ik_\i\jlck =`c\ d\el# @cclj% '. # Ylk G_fkfj_fg n`cc nXiepfl]`ijk% :fe]`idk_\[`Xcf^n`k_P\j@cclj%'/ % '/
8 jlY$gif^iXd fg\ej lg `e n_`Z_ pfl ZXe gi\gXi\ pfli ]`c\ kf Y\ \ogfik\[ Æ dfjk`dgfikXekcp#`k^`m\jpflXZ_XeZ\f] gi\m`\n`e^k_\hlXc`kpf]k_\]fidXkpfl _Xm\Z_fj\e% Kf^^c\ k_\ )$Lg gXe\c @cclj% '0 2 pflÊcc j\\knf`dX^\jXgg\Xi#k_\c\]kf]n_`Z_ [`jgcXp`e^ k_\ fi`^`eXc `dX^\# k_\ i`^_k fe\ j_fn`e^ k_\ \ogfik gi\m`\n% Gc\Xj\ Y\gXk`\ek#k_\[`jgcXpgifZ\jjdXpkXb\ Xdfd\ek%
'0
:_ffj\AGd`[[c\]ifdk_\[\]Xlckj\k$ k`e^j glcc$[fne @cclj% (' % 8ck\ieXk`m\cp# pfl ZXe j\c\Zk k_\ Zfii\jgfe[`e^ Zfd$ gi\jj`fe Xc^fi`k_dj ]ifd k_\ glcc$[fne d\eljle[\ie\Xk_% ('
((
K_\[\]XlckAGj\kk`e^f]]\iji\cXk`m\cp _`^_ Zfdgi\jj`fe# hlXc`kp c\m\c `j *' fe XjZXc\f](''% PflZXe[\k\ZkfYm`flj[`]]\i\eZ\j`ek_\ knfn`e[fnj#\jg\Z`Xccpn_\epflqffd `e Æ k_\ AG `j Yclii\[# i\m\Xc`e^ g`o\c Xik\]XZkjk_XkXi\kpg`ZXcf]YX[AGj% 9lkk_\]`c\j`q\_Xjj_ilebZfej`[\iXYcp# Xe[k_XkÊjgi\kkp^ff[@cclj%(( %
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
(00
()
(*
J`eZ\ k_\ ]`c\ jk`cc _Xj dfi\ g`o\cj k_Xe n\XZklXccpe\\[#n\n`ccb\\gk_\j\c\Zk$ \[]fidXk%:c`ZbJXm\Xe[Z_ffj\XgXk_f] pfliZ_f`Z\]fipfliZfdgi\jj\[]`c\% :cfj\ pfli fi`^`eXc GJ; ]`c\ n`k_flk jXm$ `e^#kfb\\g`kj`e`k`XchlXc`kp% Efnn\nXekkfgifa\Zkk_`jk\okli\feX jl`kXYc\df[\clj`e^:`e\dX+;% Fg\ek_\gif^iXdXe[gcXZ\XZlY\]ifd k_\Gi`d`k`m\FYa\Zkjd\el`ek_\\dgkp jZ\e\% DXb\k_\ZlY\cXi^\\efl^_]fik_\Yi`Zb k\okli\ kf ]`k fe `k `e k_\ Zfii\Zk gifgfi$ k`feFYa\ZkgXe\c1J`q\OXe[Q4,,'#J`q\ P 4 *)'# @cclj% () % K_\ iXpjZXc\#@cclj%,) %
,)
K_\e#feZ\dfi\#JXm\]fiN\Y;\m`Z\j =`c\ d\el % :fe]`id G_fkfj_fgÊj k`d`[ hl\jk`fen`k_P\j@cclj%,* % PflZXeZcfj\pflifi`^`eXcGJ;]`c\n`k_$ flkjXm`e^XjjffeXjpfl_Xm\jXm\[X Zfgpf]pfli`dX^\XjAG% 9XZb kf :`e\dX +;% N`k_ k_\ >iXpjZXc\ pfl aljk Zi\Xk\[ n_`Z_ `j `e ]XZk YcXZb Xe[n_`k\ pflÊccdXjbpfliYi`Zbk\okli\ Xe[k_ljdXb\nXp]fik_\j_X[\[`ek\i$ jk`Z\`dX^\% EXm`^Xk\[fnenXi[jpflidXk\i`XcÊj:fc$ fiZ_Xee\ckfpfliCXp\ij\kk`e^j%;\c\k\ k_\Ef`j\Xe[?JCcXp\iji`^_k$Zc`Zb1I\$ dfm\#@cclj%,+ %
:_Xgk\i(,×K\okli\Xe[FYa\Zk×9i`ZbNXcc
,+
,*
)'/
Flijfg_`jk`ZXk\[jkiXk\^pkfXjj`^eknf [`]]\i\ek`dX^\j`efe\dXk\i`Xc[\dXe[j aljkXefk_\ii\]`e\[]\Xkli\f]:`e\dX+;% D`o`e^ knf k\okli\j `e fe\ dXk\i`Xc Z_Xee\c#n`k_XdXjb`eY\kn\\e#Xjbj]fi k_\=lj`fej_X[\i% Dfm\ kf k_\ kfg f] pfli dXk\i`XcËj :fcfi Z_Xee\c Xe[ i\gcXZ\ k_\ CXp\i n`k_ k_\ =lj`fej_X[\i@cclj%,, % Hl`k\ jZXi`e^cp# \m\ipk_`e^ kliej YcXZb $ Yfk_ k_\ j_X[\i d`e`Xkli\ `e k_\ 8kki`$ Ylk\jDXeX^\iXe[k_\ZlY\`ek_\\e\iXcgXe\c1 @ek\ej`kp4(),#@cclj%.. #Xe[]fiKpg\#j\$ c\Zk 8i\X Æ j_X[fn j_flc[ i\dX`e [\XZ$ k`mXk\[% KXb\ ZXi\ f] k_\ c`^_k[fd\ j_Xg\ `e k_\ ;\kX`cj gXe\c Æ j\c\Zk ?\d`jg_\i\ 8i\X J_Xg\#@cclj%./ n`k_X[`Xd\k\if],''' le`kjFlk\iIX[`lj4),'' % I\[lZ\ k_\ jXdgc`e^ iXk\ _\i\ Xj n\cc j\kJXdgc\jkf`kjcfn\jkgfjj`Yc\mXcl\4 (- #kf\ejli\i\XjfeXYc\i\e[\ik`d\j%
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
)(*
8cffbk_ifl^_k_\\e\iXc gXe\c Y\]fi\ jkXik`e^ pfli k\jk i\e[\i$ `e^% K_fl^_k_`jdXp`e]cl\eZ\k_\[`jgcXpf] \[^\jXjn\ccXjk_\i\c`\]\]]\Zk#jXm`e^ i\e[\ik`d\gXpjpflf]]#X]k\iXccpflaljk nXekkfjkl[ppflic`^_kj\klgÊjhlXc`kp%
.0
K_\ Yi`^_ke\jj `j X[\hlXk\# j`eZ\ pfl n`cc_Xm\Xefk_\ic`^_kXepnXp]fi[`i\Zk jlec`^_k#@cclj%/' % Kf [f jf# gcXZ\ Xefk_\i c`^_k# Xe[ ZXcc `k Jle% J\c\Zk Xe @e]`e`k\ Zi\Xk`e^ _Xi[ j_X[fn >\e\iXcgXe\c1IXpkiXZ\[?Xi[ #@cclj%/( % B\\g@ek\ej`kpj\kkf(''% Pfl befn `kÊj efk k_\ gfj`k`fe f] X gXiXc$ c\c c`^_k k_Xk `j `dgfikXek# Ylk k_\ [`i\Z$ k`fe$j\kgifg\imXcl\j`ek_\:ffi[`eXk\j gXe\cI%?4$+,#I%G4$),#@cclj%/) % /'
K_\ m`\n k_ifl^_ k_\ \e\iXcgXe$ \c n`k_ e\^Xk`m\ Yi`^_ke\jj @ek\ej`kp 4 $.,#@cclj%/, % @k[f\jeËk_Xm\kfZXjkj_X[fnj#f]Zflij\% /,
8^X`e# k_\ c`^_kÊj [`i\Zk`fe `j ZilZ`Xc2 j\k k_\ I%G Xe^c\ kf $0' `e k_\ :ffi[`eXk\j gXe\c#jfk_\c`^_kiXpj_`kk_\^ifle[fi$ k_f^feXccp@cclj%/- % DXb\ jli\ k_`j Èc`^_kÉ fecp [Xib\ej k_\ ^ifle[#jfjn`kZ_kfk_\JZ\e\gXe\c#j\k @eZcl[\df[\Xe[[iX^k_\]cffi]ifdk_\ FYa\Zk DXeX^\i `ekf k_\ FYa\Zkj \ekip ]`\c[@cclj%/. %
/-
8 k\jk i\e[\i`e^ aljk X j\^d\ek X^X`e j_fnj pfl k_\ i\jlck% 9fk_ ^ifle[ Xe[ j_X[fn Xi\ jl]]`Z`\ekcp [Xib\e\[ efn @cclj%// %
/.
//
/0
K_`j dXibj k_\ \e[ f] fli jZ\e\ j\klg% FlidX`e]fZljk_`jk`d\nXjfe_Xe[c`e^ k_\Yi`Zbk\okli\% KfZcfj\#n\Êcc^fk_ifl^_k_\I\e[\ij\k$ k`e^j feZ\ dfi\ kf `dgifm\ k_\ ]`eXc `d$ X^\ÊjhlXc`kp% K_\ ]`ijk k_`e^ pfl j_flc[ [f ]fi X ]`eXc i\e[\i`e^`jkfZ_ffj\8ek`Xc`Xj`e^9\jk `ek_`jZXj\#`ek_\>\e\iXcgXe\cf]pfli E\nI\e[\ij\kk`e^j#@cclj%/0 %
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
)(,
K_`jjdffk_\eji\XcfYa\Zk\[^\jXjn\cc Xjk_\j_X[fnÊj\[^\jXe[k_\j`dlcXk\[ Yi`Zbi\c`\]% @epflijZ\e\#8dY`\ekFZZclj`fe`jefkX YX[ `[\X# \`k_\i Æ Z_\Zb `k `e k_\ i\jg\Z$ k`m\gXe\c@cclj%0'2b\\gk_\[\]Xlckj\k$ k`e^j % 9lkb\\g`ed`e[k_Xk8F`jeXjkp`ek\idj f]i\e[\i`e^k`d\j%9\]fi\pfl^\kdX[Xk k_`j# cfn\i k_\ 8F JXdgc\j iXk\j kf XY$ Yi\m`Xk\i\e[\i`e^k`d\% K_\ i\e[\i`e^ Xgg\Xij i`Z_cp Zfcfi\[ @c$ clj%0( %N\_Xm\efnjfcm\[XkXjbk_Xk i\hl`i\[ X Yi`Zb k\okli\ dX[\ f] Y`kdXg `dX^\j f] i\Xc Yi`Zbj ZfdY`e\[ n`k_ X ÈYc\e[É f] dXk_\dXk`ZXccp ^\e\iXk\[ `e$ k\ijk`Z\Xe[i\c`\]jli]XZ\j% 8 Zcfj\i cffb j_fnj pfl k_Xk k_\ Yi`Zb jli]XZ\j[fefkdXkZ_lggifg\icp`ek_\ Zfie\ij% Pfl ZXe jfcm\ k_`j gifYc\d Yp Xggcp`e^ k_\Yi`ZbdXk\i`Xckfk_\j\knfnXcc]XZ\j
0'
j\gXiXk\cp% K_\e pfl ZXe dfm\ k_\ knf k\okli\jlek`ck_\Zfie\icffbji`^_k%k\o$ kli`e^j\gXiXk\jli]XZ\jf]fe\j`e^c\fY$ a\Zk`j[`jZljj\[feg%*) % KXb\ k`d\ kf kip `k flk% 9\ XnXi\ k_Xk kf dfm\ X k\okli\ pfl _Xm\ kf Z_Xe^\ `kj gifa\Zk`fe ]ifd LMN kf :lY`Z dXgg`e^ j\\g%)'( % 8[[`k`feXccp# pflÊcc _Xm\ kf g`Zb k_\ K\o$ kli\ kffc c\]k ZfddXe[ YXi Y\]fi\ pfl ZXejc`[\k_\Yi`Zb`dX^\YXZbXe[]fik_ fek_\YcfZb% 0(
:_Xgk\i(,×K\okli\Xe[FYa\Zk×9i`ZbNXcc
)(-
'(
(')
Dlck`$GXjj I\e[\i`e^ `e :`e\dX +; × :fdgfj`k`e^`eG_fkfj_fg K_\k\idi\e[\i`e^`jf]k\elj\[k_ifl^_$ flkflinfib]cfnÆn_`c\nfib`e^fepfli jZ\e\j\klg#pfllj\`kkfZ_\ZbpflidX$ k\i`Xc Xe[ c`^_k \]]\Zkj \mXclXk`e^ j_X[$ fnj# kiXejgXi\eZp Xe[ i\]c\Zk`fe dXb\j fecp j\ej\ `e X i\e[\i`e^# ]fi \oXdgc\ # Xe[ `e k_\ \e[ pfl e\\[ `k kf ZXcZlcXk\ pfli]`eXc`dX^\fiXe`dXk`fe#n_`Z_pfl ZXe \ogfik Xe[ gifZ\jj ]lik_\i `e gfjk$
gif[lZk`fe%I`^_k]ifdk_\Y\^`ee`e^#pfl j_flc[Y\XnXi\f]k_\]XZkk_XkpflZXe \[`k k_\ i\jlck f] pfli *; nfib n`k_ X eldY\if]Zfdgfj`k`e^gif^iXdj% @e dfjk ZXj\j# `dX^\j Xe[ Xe`dXk`fej Zi\Xk\[`e:`e\dX+;Xi\aljkefkg\i]\Zk \efl^_ kf Y\ lj\[ n`k_flk gfjkgif[lZ$ k`fe% G_fkfj_fg`jn`k_flk[flYkk_\dfjk`d$ gfikXekgfjkgif[lZk`fekffcn_\e`kZfd\j kffgk`d`q`e^Xjk`cc`dX^\% '*
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
)(.
Aljk `dX^`e\ :`e\dX +; gif[lZ\[ X g_fkf]fipfl#efklec`b\Xg_fkfpflj_fk n`k_pfli[`^`ZXd % N_Xk `j gXik`ZlcXicp Zfem\e`\ek `j k_Xk :`e\dX +[ `j XYc\ kf Yi\Xb [fne pfli i\e[\i`e^`ekfcXp\ijZfekX`e`e^j\gXiXk\ Xjg\Zkjf]k_\`dX^\\%^%j_X[fn #n_`Z_ ZXe k_\e Y\ X[aljk\[ Xe[ i\kflZ_\[ `e$ [`m`[lXccp% K_`j ]\Xkli\ `j ZXcc\[ dlck`$gXjj i\e[\i$ `e^%K_\fecp[`]]\i\eZ\Y\kn\\ek_`jkpg\ f]i\e[\i`e^Xe[efidXci\e[\i`e^`jk_\ ]`eXci\jlck#Xdlck`$cXp\i]`c\%
'+
8j Xe \oXdgc\# c\kÊj lj\ X Zfcfi g`Zkli\ j_fn`e^ k_\ E\n EXk`feXc >Xcc\ip `e 9\ic`e# Yp Cl[n`^ D`\j m%[%If_\# k_Xk ZfekX`ej Xcc k_\ ljlXc \]]\Zkj Æ j_X[fnj# kiXejgXi\eZp Xe[ i\]c\Zk`fe Æ `k Zfd\j n`k_flkXYXZb^ifle[kff#n_`Z_n\nXek kfX[[lj`e^G_fkfj_fg@cclj%'( % @] pfl fg\e k_\ (-Ve^VjkXik%Z+[ ]`c\ Xe[ i\e[\i `k# pfl n`cc j\\ k_Xk k_\ `dX^\ cffbj X Y`k j`dgc\i# \jg\Z`Xccp k_\ j_X[$ fnj@cclj%') % @aljkZi\Xk\[knfXck\ieXk`m\c`^_kj\klgj% K_\i\jg\Zk`m\m\ij`fej_fne`e@cclj%') n`cc jXm\ pfli i\jfliZ\j [li`e^ gifZ\jj$ `e^]`cc]cffik\jkY\`e^XZk`m\ #n_`c\k_\ m\ij`fe [`jgcXp\[ `e @cclj% '( lj\j k_\ dfi\ i\]`e\[# g\i]fidXeZ\$`ek\ej`m\ ]`cc ]cffi]`eXcc`^_kj\klg#n_`Z_`j_`[[\e]fi k_\k`d\Y\`e^@cclj%'* % K_\`dX^\ÊjkiXejgXi\eZp#i\]c\Zk`feXe[ j_X[fn\]]\Zkji\jlck]ifdZfii\jgfe[`e^ j\kk`e^j]fik_\k\okli\jXe[c`^_kj`elj\% =fi\oXdgc\#k_\^cXjjdXk\i`XcXjj`^e\[ kfk_\n`e[fnjli]XZ\j_XjXKiXejgXi\e$ ZpZ_Xee\c#kiXejgXi\eZpY\`e^j\kkf`kj _`^_\jkc\m\c9i`^_ke\jj4(''#@cclj%'+ % Efk`Z\k_XkI\]iXZk`fe`jj\kkfXmXcl\5(% K_\k\iiXZ\dXk\i`Xc>iXe`k\ `ji\]c\Zk`m\ ÆXEf`j\j_X[\i`e`kjI\]c\Zk`feZ_Xee\c X[[j X i\Xc`jk`Z Xdflek f] [`jkfik`fe @c$ clj%', %
:_Xgk\i(-×Dlck`$GXjjI\e[\i`e^Xe[:fdgfj`k`e^
',
=`cc ]cffi k\jk `j k_\ dX`e c`^_k Zi\Xk`e^ _Xi[j_X[fn@cclj%'- % KXb\ k`d\ kf ^f k_ifl^_ Xcc k_\ dXk\i`Xc Z_Xee\cjXe[Z_\ZbXcck_\j\kk`e^j#n_`Z_ k\okli\jXe[j_X[\ijXi\Y\`e^lj\[#\kZ% [flYc\$Zc`Zb fe k_\ Zfii\jgfe[`e^ k\o$ kli\kX^e\okkfk_\fYa\Zkj`ek_\FYa\Zk DXeX^\i kf j\\ k_\ i\jg\Zk`m\ dXk\i`Xc j\kk`e^j`ek_\8kki`Ylk\jDXeX^\i % Pfl]`e[dfi\fek\okli`e^`e:_Xgk\i(,# FYa\ZkXe[K\okli\% '-
)(/
Lj\I\e[\ij\kk`e^jkfX[aljkk_\j`q\Xe[ j\k dlck`$gXjj df[\ ]fi pfli i\e[\i`e^ I\e[\id\el % =fiXjkXik#]`ijk[\XZk`mXk\8ek`Xc`Xj`e^`e k_\ >\e\iXc gXe\c% 98 @d$ X^\# ;`]]lj\# Jg\ZlcXi# J_X[fn# I\]c\Z$ k`fe Xe[ I\]iXZk`fe @cclj% (' % I\]iXZk`fe d\XejKiXejgXi\eZp#n`k_fe\c`d`kXk`fe j\\Y\cfn % <ek\iX]`c\gXk_kf_Xm\:`e\dX+;jXm\ pfli`dX^\XlkfdXk`ZXccp%;feËk]fi^\kkf j\c\Zk G_fkfj_fg ]fidXk gj[ Xe[ b\\g :fcfi ;\gk_ j\k kf / Y`kj g\i Z_Xee\c @c$ clj%(( % Efngc\Xj\cXleZ_pfli]`ijkdlck`$gXjj i\e[\i`e^ I\e[\i d\el1 I\e[\i kf G`Z$ kli\M`\n\i#@cclj%() % K_\G`Zkli\M`\n\in`ccfg\elg`eXe\n n`e[fn $ n_`c\ i\e[\i`e^# `kj :_Xee\cj d\el Xccfnj pfl kf j\\ k_\ j`e^c\ `d$ X^\ Z_Xee\cj pfl [\]`e\[ gi\m`fljcp @c$ clj%(* % 8j pfl ZXe j\\# k_\ I\]iXZk`fe Z_Xee\c [`jgcXpj \m\ipk_`e^ k_Xk ZXe Y\ j\\e k_ifl^_k_\kiXejgXi\ek^cXjjgXe\cj%@]`k i\dX`ejYcXZb#`k`jgifYXYcpY\ZXlj\I\$ ]iXZk`fe`jj\kkf(`ek_\^cXjjdXk\i`XcËj KiXejgXi\eZp Z_Xee\c% =fi jfd\ i\Xjfe# `e dlck`$gXjj i\e[\i`e^ :`e\dX +; fecp [`jgcXpjfYa\Zkj`ek_\I\]iXZk`feZ_Xee\c k_Xkc`\Y\_`e[kiXejgXi\ekk\okli\jn`k_ XI\]iXZk`femXcl\_`^_\ik_Xe( % N_\e pflÊi\ ]`e`j_\[# pfl j_flc[ fg\e k_\`dX^\`eG_fkfj_fg%8ccpflij\c\Zk\[ Z_Xee\cj Xi\ jkXZb\[ `e k_\ CXp\i gXe\c @cclj%(+ %
:_Xgk\i(-×Dlck`$GXjjI\e[\i`e^Xe[:fdgfj`k`e^
()
(+
(*
))'
K_\I>98Z_Xee\c#n_`Z_ZfekX`ejXcck_\ `dX^\ `e]fidXk`fe `e X j`e^c\ cXp\i# _Xj Y\Zfd\9XZb^ifle[cXp\i%Pflj_flc[Xc$ nXpj b\\g k_`j cXp\i kf ZfdgXi\ k_\ i\$ jlckj f] pfli `dX^\ gifZ\jj`e^ n`k_ k_\ fi`^`eXccXk\ife%K_\I>9849XZb^ifle[ cXp\i `j ^ff[ ]fi Z_\Zb`e^ `] `dgfikXek `dX^\gXikj_Xm\efkY\\ei\e[\i\[#kff# j`eZ\ Xcc k_\ fk_\i cXp\ij glk kf^\k_\i j_flc[X[[lgkfk_\jXd\`dX^\Xj[`j$ gcXp\[`ek_\YXZb^ifle[`dX^\% Jfd\k`d\jk_fl^_k_\i\Xi\jc`^_k[`]]\i$ \eZ\j Y\kn\\e k_\ dlck`$cXp\i Zfdgfj$ `e^Xe[k_\YXZb^ifle[`dX^\%K_`j_Xg$ g\ejn_\e:`e\dX+;`jefkXYc\kfglk fe [`jgcXp Xcc `kj Z_Xee\cj `e G_fkfj_fg cXp\ij Zfii\Zkcp% 9lk [feÊk nfiip $ k_\ [\m`Xk`fej Xi\ fecp dXi^`eXc# Xe[ ZXe \Xj`cpY\X[aljk\[`eG_fkfj_fg%
(,
(-
(.
Efn_`[\k_\`e[`m`[lXccXp\ij#k_\ekXb\ XcffbXk\XZ_f]k_\dZfej\Zlk`m\cp% K_\ ;`]]lj\ cXp\i ]fi \oXdgc\ [`jgcXpj k_\ [`jki`Ylk`fe f] Zfcfi\[ jli]XZ\j Xe[ k_\`i k\okli\j n`k_flk X[[`k`feXc \]]\Zkj# k_\ `dX^\ gXikj Y\_`e[ k_\ n`e[fn gXe\jXi\eÊkm`j`Yc\@cclj%(, %K_\;`]]lj\ cXp\i `j `e EfidXc Yc\e[`e^ df[\# jf `k Zfm\ijk_\YXZb^ifle[cXp\ile[\ie\Xk_ Zfdgc\k\cp% K_\ Jg\ZlcXi cXp\iÊj `dX^\ Yi`^_k\ej k_\jli]XZ\f]Xcck_fj\fYa\Zkj_Xm`e^X Jg\ZlcXidXk\i`XcZ_Xee\c% J_X[fn `j fe `kj fne cXp\i kff# n`k_ X n_`k\ YXZb^ifle[% Dlck`gcp `j Xjj`^e\[ Xj k_\ cXp\iÊj Yc\e[`e^ df[\# jf k_\ n_`k\gXik`j`em`j`Yc\`ek_\fm\iXccZfd$ gfj`e^@cclj%(- % K_\ I\]c\Zk`fe cXp\i j_fnj `dX^\ gXikj k_Xk Xi\ fecp m`j`Yc\ Xj i\]c\Zk`fej# efk [`i\Zkcp% K_\ `dX^\ j\^d\ek j_fn`e^ fYa\Zkj Y\$ _`e[ kiXejgXi\ek jli]XZ\j `j fe k_\ I\$ ]iXZk`fecXp\i@cclj%(. %8jYc\e[`e^df[\# k_`j cXp\i ]\Xkli\j C`e\Xi ;f[^\# _`[`e^ k_\ YcXZb Xi\X ]ifd Zfdgfj`e^# `e Zfe$ kiXipkfk_\Dlck`gcpdf[\%
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
))(
FeZ\ X^X`e1 fecp kiXejgXi\eZp n`k_ X i\]iXZk`femXcl\_`^_\ik_Xe(n`cci\m\Xc fYa\ZkjY\_`e[`k`ek_\I\]iXZk`feZ_Xee\c :+; ficXp\iG_fkfj_fg i\jg\Zk`m\cp% K_`j [\jZi`gk`fe Zfm\ij k_\ gi`eZ`gc\j f] _fn:`e\dX+;Zfem\ikj`dX^\Z_Xee\cj `ekfG_fkfj_fgcXp\ij%F]Zflij\`kdXpY\ e\Z\jjXipk_Xk\m\edfi\Z_Xee\cj_Xm\ kfY\i\e[\i\[\%^%n_\elj`e^8dY`\ek FZZclj`fe % Aljk Z_\Zb 8[[ @dX^\ CXp\ij `e :`e\dX +;Êj dlck`$gXjj i\e[\i :_Xe$ e\c glcc$[fne `] pfl Xi\ efk jli\ n_`Z_ Z_Xee\cjXi\e\Z\jjXip%:`e\dX+;dXp gifZ\jjlj\c\jjZ_Xee\cjn_\e[f`e^jf# Ylk`kÊj\Xjpkfjgfk\dgkpcXp\ij`eG_f$ kfj_fgXe[[\c\k\k_\d% Efnc\kÊj_Xm\XcffbXkXefk_\iZffc]\X$ kli\n_`Z_`e[\\[`jgXikf]k_\dlck`$gXjj Ylj`e\jj# Ylk efk Xj fYm`flj Xj `dX^\ Z_Xee\cj `e k_\ ]`ijk gcXZ\1 Yp i\e[\i`e^ Xdlck`$cXp\i`dX^\#:`e\dX+;`jXYc\kf gif[lZ\Xe8cg_XZ_Xee\cZc`gg`e^`dX^\ gXikjefkfZZlg`\[YpfYa\Zkj% K_`j`jm\ipZfem\e`\ekn_\epfle\\[kf dflekXYXZb^ifle[`dX^\`eG_fkfj_fg# j`eZ\pflZXelj\`kXjXdXjb%KfdXb\ :`e\dX +; jlggcp pfl n`k_ Xe `dX^\ dXjb aljk Z_\Zb 8cg_X Z_Xee\c `e pfli I\e[\i j\kk`e^j JXm\ gXe\c2 Ylk X^X`e# pfl [feËk _Xm\ kf Z_\Zb JXm\ @dX^\ Xk k_`jgcXZ\@cclj%(0 % =fiXZ_Xe^\#iX`j\k_\`dX^\[`d\ej`fej kf (')+o.-/ g`o\cj `e k_\ Flkglk gXe\c# aljk kf dXb\ pfli `dX^\ cffb X Y`k gi\k$ k`\i`eG_fkfj_fg@cclj%(/ % Efn n_\e pfl cXleZ_ X G`Zkli\ M`\n\i i\e[\i`e^X^X`e#pfln`ccY\Xjb\[`]pfl nXek kf i\gcXZ\ pfli ]`ijk i\e[\i`e^ ]`c\ i\d\dY\ipfl[\]`e\[X]`c\gXk_`ek_\ Dlck`$GXjj gXe\c% :fe]`id Yp gi\jj`e^ P\j@cclj%)' %N_`c\:`e\dX+;`ji\e[\i$ `e^# pfl ZXe nXkZ_ pfli dXjb \mfcm`e^ YpZ_ffj`e^8cg_X]ifdk_\G`Zkli\M`\n$ \iÊj:_Xee\cjd\el@cclj%)( %
:_Xgk\i(-×Dlck`$GXjjI\e[\i`e^Xe[:fdgfj`k`e^
(/
(0
)(
)'
)))
@e G_fkfj_fg# pflÊcc jgfk k_\ dXjb :`e$ \dX+;Zi\Xk\[`ek_\:_Xee\cjgXe\c%@k `j c`jk\[ Y\cfn k_\ I>9 Z_Xee\cj 8cg_X# @cclj%)) % 8j pfl befn# G_fkfj_fg jXm\j `kj `d$ X^\Zfcfi[XkX`ejf$ZXcc\[Z_Xee\cjk_Xk [`jgcXpk_\YXj\ZfcfijÊ`ek\ej`kp]fiXe I>9`dX^\#`kÊjI\[#>i\\eXe[9cl\ XjX ^iXpjZXc\`dX^\%
))
8e X[[`k`feXc Z_Xee\c j_fnj k_\ d`o f] Xcc j`e^c\ :fcfi Z_Xee\cj# `%\% k_\ fm\iXcc `dX^\I>9`efliZXj\ %
)+
K_\ e\ncp X[[\[ 8cg_X Z_Xee\c _Xj efk_`e^kf[fn`k_k_`jÆ`k`jc`jk\[_\i\ ]fiXefk_\ii\Xjfe1Xj\c\Zk`fepfljXm\ `e G_fkfj_fg `j ]`c\[ XnXp `e k_\ Z_Xe$ e\c gXe\c $ Xj X ^iXpjZXc\ `dX^\% =ifd _\i\# `k ZXe Y\ i\Zfm\i\[ cfX[\[ n_\e$ \m\ipfle\\[`kÆkfdXjbXeX[aljkd\ek# ]`ck\ifi`dX^\cXp\i%
)*
<m\ip j\c\Zk`fe k_Xk _Xj Y\\e jXm\[ `e G_fkfj_fg`jjlZ_Xe8cg_XZ_Xee\c$fi# `e fk_\i nfi[j# pfli :`e\dX +;$^\e\i$ Xk\[8cg_XZ_Xee\c`jaljkXefk_\idXjb k_Xk dXp Y\ cfX[\[ ]fi Zfdgfj`k`e^ gli$ gfj\j% FB#efnc\kÊjdXb\lj\f]k_`jXe[X[[X YXZb^ifle[jbpkffli`dX^\% Fg\ek_\(-Vjbp%ag^]`c\`eG_fkfj_fgXe[ dfm\ k_\ n`e[fn j`[\nXpj# jf pfl ZXe j\\Yfk_`dX^\j% DXb\jli\k_\jbp`dX^\`j`e]ifekXe[ Z_ffj\ k_\ Dfm\ kffc @cclj% )* % :c`Zb fe k_\ jbp `dX^\# b\\g pfli dflj\ Ylkkfe gi\jj\[ Xe[ [iX^ `k fekf k_\ i\e[\i `d$ X^\% Ù;ifgÈ `k Xj jffe Xj k_\ dflj\ Zlijfi `j fm\i k_\ dlck`$gXjj\[ g`Zkli\ $ k_\ jbp n`cc Y\ Zfg`\[ `ekf k_\ i\e[\i`e^% @kj gcXZ\d\ek n`cc Y\ Z\ek\i\[ `] pfl gi\jj J_`]kn_\e[ifgg`e^@cclj%)+ %
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
))*
8j pfl ZXe j\\# G_fkfj_fg _Xj j\k lg X e\n cXp\i kf jkfi\ k_\ ]i\j_cp `dgfik\[ `dX^\# XYfm\ k_\ cXjk XZk`m\ cXp\i @cclj% ),2pflj_flc[[iX^k_\e\ncXp\ikfk_\ kfgf]k_\CXp\igXe\cc`jk`]`kÊjefkk_\i\ Xci\X[p % K_\jbpZfm\ijk_\\ek`i\i\jkf]k_\`dX^\% Kf c`d`k `k kf k_\ m\ip jZ\e\ YXZb^ifle[# pfln`ccXjj`^eXcXp\idXjbk_Xkpfln`cc Zi\Xk\lj`e^pfli8cg_XZ_Xee\c%
),
:_ffj\ CfX[ J\c\Zk`fe ]ifd k_\ J\c\Zk d\el@cclj%)- % PfldXpefnZ_ffj\Z_Xee\cj]ifdXep G_fkfj_fg]`c\#n_`Z_n`cck_\eXgg\Xi`e k_\`dX^\Xj_fm\i`e^j\c\Zk`fejk_\]X$ d`c`XiXekj % F]Zflij\pfln`cclj\pflifne]`c\#Xe[ j\c\Zk k_\ e\n 8cg_X Z_Xee\c ]ifd k_\ :_Xee\c glcc$[fne @cclj% ). $ pfl j\\
)-
).
)0
pfliYXZb^ifle[j\c\Zk`feXgg\Xi_fm\i$ `e^XYfm\k_\`dX^\% Efnklie`k`ekfXdXjbYpZc`Zb`e^fek_\ Zfii\jgfe[`e^YlkkfeXkk_\Yfkkfdf]k_\ CXp\igXe\c8[[CXp\iDXjb#@cclj%)/ % G_fkfj_fg n`cc `ejkXekcp klie k_\ j\c\Z$ k`fe`ekfXdXjb#Xck_fl^_k_\nife^nXp @cclj%)0 %FYm`fljcp#k_\8cg_XZ_Xee\cÊj YcXZbgXikZfeZ\Xcjk_\`dX^\% Gi\jj:kicQXe[i\g\Xkk_`jjk\g#Z_Xe^`e^ XY`k2aljkgi\jjk_\8ckb\pn_`c\Zc`Zb`e^ fek_\Ylkkfe]fik_\e\ncXp\idXjb%
:_Xgk\i(-×Dlck`$GXjjI\e[\i`e^Xe[:fdgfj`k`e^
)/
))+
*'
*(
Kf \o\iZ`j\ [\Xc`e^ n`k_ dXjbj# pfl Y\k$ k\ikXb\X[`]]\i\ekXggifXZ__\i\% @eG_fkfj_fg#pfldXp\[`kk_\Zfek\ekf] XcXp\idXjbk_\jXd\nXppfl\[`kXep ^iXpjZXc\`dX^\% 8]k\i Xcc# X dXjb `j X ^iXpjZXc\ `dX^\# n`k_k_\fe\[`]]\i\eZ\k_Xk`k`jeËkm`j`Yc\ XjjlZ_#YlkfecpYpk_\\]]\Zk`kg\i]fidj fek_\`dX^\% :c`Zb fe k_\ dXjb d`e`Xkli\ `e fi[\i kf \[`k `k Æ `kÊj j\c\Zk`fe `j `e[`ZXk\[ Yp X[$ [`k`feXc\[^\j@cclj%*' % =ifd k_\ @dX^\ d\elÊj 8[aljkd\ekj ]cp$ flk#Z_ffj\@em\ik% G_fkfj_fg n`cc `em\ik k_\ dXjb# Xe[ k_\ jbp`jgifg\icpj_fneXjYXZb^ifle[@c$ clj%*( Æk_\dXjbd`e`Xkli\cffbj[`]]\i$ \ekefn#kff%
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
)),
Pfl_Xm\c\Xie\[_fnpflZXedXb\:`e$ \dX +; gifZ\jj X YXZb^ifle[ dXjb lj$ `e^k_\8cg_XZ_Xee\cfgk`fe`ek_\JXm\ gXe\c% PfldXpi\]`e\k_\n_fc\gifZ\[li\Xe[ _Xm\:`e\dX+;Zi\Xk\XZ_Xee\c]fi\XZ_ `e[`m`[lXcfYa\Zk#jfpfldXp\[`k`kj\gX$ iXk\cp`eG_fkfj_fg% C\kÊjXjjld\pflnXekkfj\\Xdfi\[iX$ dXk`ZYi`^_ke\jj^iX[`\ekfek_\>Xcc\ipÊj Z\`c`e^kfX[[dfi\[\gk_kfk_\`dX^\% @e G_fkfj_fg# pfl n`cc lj\ C\m\cj kf [f k_`j# Ylk fecp ]fi k_\ `dX^\ gXik j_fn$ `e^ k_\ iff]% 8j Yi`^_ke\jj n`cc _Xm\ kf `eZi\Xj\]ifdYXZbkf]ifek#Z_ffj`e^Xe 8[aljkd\ekcXp\in`k_XdXjbZfekX`e`e^ X YcXZb$kf n_`k\ ^iX[`\ek nflc[ Y\ k_\ Xggifgi`Xk\jkiXk\^p% *)
Pfln`cclj\:`e\dX+;kfZi\Xk\Xe8cg_X Z_Xee\c ]fi k_\ iff]# X [\Z`j`m\ Zfeki`Yl$ k`fekfk_`jkXjb% @e:`e\dX+;#j\c\Zkk_\iff]fYa\Zk#i`^_k$ Zc`Zb`kjeXd\`ek_\FYa\ZkDXeX^\iXe[ j\c\Zk :fdgfj`k`e^ ]ifd k_\ :`e\dX +; KX^j]cpflkd\el@cclj%*) % K_`jZfdgfj`k`e^kX^n`cc_\cgpflZfekifc k_\ fYa\ZkËj gifg\ik`\j n_\e pfl i\e[\i k_\`dX^\#\%^%n_\k_\i`kn`ccZXjkfii\$ Z\`m\j_X[fn% @e pfli ZXj\# pfli jfc\ ZfeZ\ie `j kf Xj$ j`^ek_`jfYa\Zk`kjfne8cg_XZ_Xee\c]fi Dlck`$GXjji\e[\i`e^ÆdXb\jli\k_\KX^ `jj\c\Zk\[#Xe[Z_\Zbk_\]`ijk<eXYc\`e k_\ FYa\Zk 9l]]\i gXe\c% =fi 9l]]\i# b\\g (@cclj%** % Efn fg\e pfli I\e[\i j\kk`e^j X^X`e Xe[ X[[ Xe FYa\Zk 9l]]\i Z_Xee\c kf k_\ c`jkf]Z_Xee\cj`ek_\Dlck`$GXjjgXe\c% 8gfg$lg n`e[fn Xgg\Xij `e n_`Z_ pfl ZXe\ek\iXe@;]fik_\Z_Xee\c$\ek\i( _\i\Xjn\cc@cclj%*+ %
:_Xgk\i(-×Dlck`$GXjjI\e[\i`e^Xe[:fdgfj`k`e^
*+
**
))-
K_`j \ejli\j X dXjb n`cc Y\ Zi\Xk\[ ]fi k_\iff]% J`eZ\ dfjk f] pfli i\e[\i`e^ `j Xci\X[p [fe\# pfl dXp leZ_\Zb k_\ fk_\i Z_Xe$ e\cj# Y\ZXlj\ k_\p [feËk e\\[ kf Y\ gif$ Z\jj\[X^X`e% 8cjf#k_\i\Êjefe\\[kf[`jgcXpkiXejgXi$ \eZp# i\]c\Zk`fe Xe[ j_X[fn X^X`e $ le$ Z_\Zbk_\j\\]]\ZkjXjn\cc#`ek_\>\e\iXc gXe\c@cclj%*, %
*,
JXm\ pfli G_fkfj_fg `dX^\ le[\i X [`]$ ]\i\ekeXd\JXm\8j%%% Y\]fi\i\e[\i`e^ pfli :+; ]`c\ n`k_ k_\ fYa\Zk Z_Xee\c kf dXb\jli\`k`jeËki\gcXZ\[n`k_k_\e\n i\e[\i`e^%
*-
Efn i\e[\i kf k_\ G`Zkli\ M`\n\i# n_`c\ nX`k`e^]fik_\i\jlckpflZXenXkZ_k_\ iff]dXjb\mfcm\Z_ffj`e^FYa\Zk9l]]\i( ]ifdk_\:_Xee\cd\el#@cclj%*- % Fg\ek_\]`c\`eG_fkfj_fg$k_\iff]dXjb `jX^X`e[`jgcXp\[`ek_\:_Xee\cjgXe\c n`k_`kjfi`^`eXceXd\@cclj%*. %
*.
*/
8j pfl befn# pfl ZXe Zfgp gXikj f] `d$ X^\j Y\kn\\e fg\e G_fkfj_fg ]`c\j Yp [iX^^`e^ k_\ Zfii\jgfe[`e^ CXp\i gXe\c \eki`\j ]ifd fe\ ]`c\ kf k_\ fk_\i Æ k_\ cXp\iZfek\ekjXi\k_\eX[[\[kfk_\kXi$ ^\k]`c\XjXe\ncXp\i%K_`je\Xk]\Xkli\ Xcjfnfibjn`k_Z_Xee\cj% @e G_fkfj_fg# dXb\ jli\ k_\ gi\m`fljcp \[`k\[ `dX^\ ]`c\ `j fg\e Xe[ gXik`Xccp m`j`Yc\Y\_`e[k_\e\ndXjb`dX^\% K_\e[iX^FYa\Zk9l]]\i(]ifdk_\dXjb `dX^\Ëj :_Xee\c gXe\c `ekf k_\ fi`^`eXc `dX^\Êjn`e[fn% K_\ Zfg`\[ Z_Xee\c n`cc Xgg\Xi `e k_\ :_Xee\cj gXe\c f] pfli fi`^`eXc g`Zkli\% 9\j`[\j k_\ I>9 Z_Xee\cj# [`jgcXp k_\ e\n 9l]]\i Z_Xee\c $ `k Xgg\Xij Xj X i\[ dXjb j\k fm\i k_\ XZklXc g`Zkli\ @c$ clj%*/ %
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
)).
?`[\ `k ]ifd [`jgcXp X^X`e kf Zfek`el\ \[`k`e^ k_\ `dX^\# dXb\ jli\ pfli I>9 Z_Xee\cj Xi\ XZk`m\# Xe[ jn`kZ_ YXZb kf k_\CXp\igXe\c% Efn c\kËj ^\k YXZb kf fli XZklXc ^fXc f] Yi`^_k\e`e^k_\iff]%8jjX`[Y\]fi\#pfl n`cc [f k_`j n`k_ Xe 8[aljkd\ek cXp\i# n_`Z_j_flc[Y\XYfm\Xccfk_\icXp\ij% G`Zb CfX[ J\c\Zk`fe X^X`e J\c\Zk d\el# @cclj%*0 %K_\]`c\pflXi\Zlii\ekcpnfib$ `e^ fe n`cc k_\e Xgg\Xi Xj ;fZld\ek `e k_\ j\kk`e^j n`e[fn% B\\g k_`j j\kk`e^# Xe[ j\c\Zk pfli FYa\Zk 9l]]\i ( ]ifd k_\ :_Xee\c glcc$[fne d\el le[\ie\Xk_ @c$ clj%+'2Xjpfl_Xm\Xci\X[pefk`Z\[#G_f$ kfj_fgXcdfjkXcnXpj[`jgcXpjXZ_Xee\c eXd\`e`kXc`Zj]fccfn\[YpkiXejgXi\eZp% K_`j`jeËkXZ_Xee\cjki`Zkcpjg\Xb`e^%@k`j k_\j\c\Zk`fef]Xccefe$kiXejgXi\ekXi\Xj `ek_\XZk`m\cXp\i % K_\ ^iXpjZXc\ Z_Xee\c n`cc Xgg\Xi Xj X _fm\i`e^j\c\Zk`fe% EfnZc`Zbfek_\d`[[c\YlkkfeXkk_\Yfk$ kfdf]k_\CXp\igXe\c:i\Xk\E\n=`ccfi 8[aljkd\ek cXp\i# @cclj% +( % J\c\Zk C\m\cj ]ifdk_\gfg$lgd\el#n_`Z_fg\ejk_\ Zfii\jgfe[`e^j\kk`e^jn`e[fn% K_\jf$ZXcc\[_`jkf^iXdj_fnjk_\g`o\c [`jki`Ylk`fefm\ik_\\ek`i\`dX^\Yi`^_k$ e\jj jg\Zkild ]ifd 9cXZb c\]k kf N_`k\ i`^_k #Ylkfecpf]k_\`dX^\Xi\X[\]`e\[ Ypk_\j\c\Zk`fe% 8jpflZXej\\#k_\`dX^\`jgi\kkp[Xib _\i\@cclj%+) % Kf j`^e`]`ZXekcp Yi`^_k\e k_`j Xi\X f] k_\ `dX^\#jc`[\k_\i`^_kkf^^c\kfk_\c\]k#kf k_\Y\^`ee`e^f]k_\g`o\ciXe^\% 8ck\ieXk`m\cp#pflZXe\ek\iXmXcl\nXp cfn\i k_Xe ),, `e k_\ i`^_k @eglk C\m\cj \ekip ]`\c[ `kÊj /( `e fli \oXdgc\# @cclj% +) % K_\ `dX^\ j_fnj k_Xk k_\ iff] Xi\X `j dlZ_Yi`^_k\iefn%
:_Xgk\i(-×Dlck`$GXjjI\e[\i`e^Xe[:fdgfj`k`e^
*0
+'
+)
+(
))/
K_\C\m\cjX[aljkd\ek`jc`jk\[XjXj\gX$ iXk\cXp\i`ek_\CXp\igXe\cXcfe^n`k_X dXjbn_fj\d`e`Xkli\j_fnjk_\:`e\dX +;FYa\Zk9l]]\iZ_Xee\c@cclj%+* % 9lk n\ nXek kf ^f X jk\g ]lik_\i Xe[ dXb\ k_\ Yi`^_ke\jj [\Zi\Xj\ kfnXi[j k_\ i\Xi gXik f] k_\ iff]% Kf XZ_`\m\ k_`j# pflÊcc_Xm\kf`ej\ikXYcXZb$kf$n_`k\^iX$ [`\ek`ek_\n_`k\gXikf]k_\dXjb% CfX[k_\j\c\Zk`feX^X`ekf[fjf%@kn`cc Y\ ]Xjk\i kf Z_ffj\ I\j\c\Zk `ejk\X[ f] CfX[ J\c\Zk`fe J\c\Zk d\el# @cclj% +* % DXb\jli\k_\8[aljkd\ekcXp\idXjb`j j\c\Zk\[ ]fi \[`k`e^% 8^X`e# k_\ X[[`k`fe$ Xc \[^\ Xifle[ k_\ dXjb `Zfe `e[`ZXk\j n_\k_\ik_`j`jk_\ZXj\% Efnj\c\Zkk_\>iX[`\ekkffc]ifdk_\Kffc gXe\c% Pfl n`cc [iXn X ^iX[`\ek `e k_\ dXjb# Xe[ j`eZ\ k_\i\ `j X j\c\Zk`fe# `k fecpnfibjn`k_`ek_\dXib\[Xi\X% @e k_\ Fgk`fe gXe\c XYfm\# pfl ZXe j\\ X YcXZb$kf$n_`k\ ^iX[`\ek `Zfe $ Zc`Zb `k feZ\ kf XZZ\jj k_\ ^iX[`\ek j\kk`e^j @c$ clj% +,2 Xj j_fne `e dp \oXdgc\# `kÊj Xc$
+*
+,
++
+-
i\X[pk_\i`^_kfe\#`]Ypjfd\i\Xjfe`kÊj efk# aljk Z_ffj\ k_\ YcXZb$kf$n_`k\ ^iX$ [`\ek]ifdk_\j\kk`e^jXe[Zfe]`idn`k_ FB% 8e[ Y\ jli\ pflÊi\ `e C`e\Xi >iX[`$ \ekdf[\#`e[`ZXk\[Ypk_\ifnf]jdXcc\i `Zfej`ek_\Fgk`fejgXe\c % Efn pfl Xi\ i\X[p ]fi [iXn`e^ $ Zc`Zb jfd\n_\i\ aljk Y\e\Xk_ k_\ j\c\Zk`fe# b\\g pfl dflj\ Ylkkfe [fne Xe[ [iX^ k_\ dflj\ Zlijfi jkiX`^_k lg b\\g k_\ J_`]k b\p gi\jj\[ [fne jf k_\ ^iX[`\ek Xo`jn`ccY\g\ig\e[`ZlcXi#@cclj%+- % Jkfg [iXn`e^ i`^_k Y\e\Xk_ k_\ j\c\Z$ k`feÊjlgg\i\[^\%
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
))0
Pfl dXp 8ck$Zc`Zb k_\ dXjb d`e`Xkli\ kf cffbXkk_\dXjb`kj\c]$efidXccpfecp`kj \]]\Zk`jm`j`Yc\`ek_\`dX^\#efk`kj^iXp$ jZXc\g`Zkli\`kj\c]@cclj%+. % PflZXej\\k_Xkk_\^iX[`\ekfecpZfm\ij k_\Xi\Xpflj\c\Zk\[%8efk_\i8ck$Zc`Zbfe k_\ dXjb d`e`Xkli\ jn`kZ_\j kf k_\ i\Xc `dX^\X^X`e#Xe[XeXik`ZlcXk\Yi`^_ke\jj gif^i\jj`fe `j efn m`j`Yc\ Xcfe^ k_\ le$ [\ij`[\f]k_\iff]@cclj%+/ % 8j`jk_\X[mXekX^\f]8[aljkd\ekcXp\ij# pfldXpZfii\Zkk_\Yi`^_ke\jjXepk`d\ cXk\ifeYp[flYc\$Zc`Zb`e^`kjcXp\id`e$ `Xkli\ kf XZZ\jj k_\ _`jkf^iXd j\kk`e^j Xe[jc`[`e^k_\kf^^c\j% I\[iXn`e^k_\^iX[`\ek$X]k\ii\cfX[`e^ pfli j\c\Zk`fe $ `j gfjj`Yc\ Xk Xep k`d\# kff%
+.
+/
Efnpfln`ccfgk`d`q\[\kX`cjf]k_\g`Z$ kli\ Xe[ j\\ _fn k_\ cXp\i jkilZkli\ `e dlck`$gXjji\e[\i`e^_\cgjpflZfdgc\k\ k_`jkXjb% K_\ j_X[fn `dX^\ `j jk`cc m\ip [Xib% 8Z$ k`mXk\k_\cXp\i`kÊjfeJ_X[fn#@cclj%+0 # Xe[efk`Z\k_Xkk_\Yc\e[`e^df[\`jj\k kfDlck`gcp% ?\eZ\k_\n_`k\gXikf]k_\j_X[fncXp\i Y\_Xm\j c`b\ Y\`e^ `em`j`Yc\ `e k_\ fm\i$ XccZfdgfj`e^#Xe[k_\YcXZbj_X[fnjli$ ]XZ\j[fefkZfm\ik_\`dX^\le[\ie\Xk_ Zfdgc\k\cp#Ylkd`on`k_`k% J\k k_\ cXp\i FgXZ`kp kf ,'# kf dXb\ k_\ j_X[fnYi`^_k\i% K_\e\okZ_Xe^\ZfeZ\iejk_\YXZb^ifle[ Zfcfi`e^Æn\nXekkfki`d`k`ekfdfi\f] X^iXpjZXc\`dX^\% DXb\ jli\ k_\ jbp cXp\i `j XZk`mXk\[ `e pfli CXp\i gXe\c% Lj\ k_\ E\n 8[aljk$ d\ek cXp\i ZfddXe[ d`[[c\ Ylkkfe fe k_\ cfn\i \[^\ f] k_\ gXe\c Xe[ j\c\Zk ?l\&JXkliXk`fe]ifdk_\d\el@cclj%,' %
:_Xgk\i(-×Dlck`$GXjjI\e[\i`e^Xe[:fdgfj`k`e^
,'
+0
)*'
,(
G_fkfj_fgn`ccgcXZ\k_\e\n8[aljkd\ek cXp\i XYfm\ k_\ cXjk XZk`m\ cXp\i jf pfl ZXe Zfekifc k_\ Zfcfi`e^ f] Xcc cXp\ij Y\$ cfn% K_\j\kk`e^j[`Xcf^@cclj%,( YXj`ZXccpf]$ ]\ijpflk_i\\gXiXd\k\ij]fikle`e^1?l\ c\kj pfl Z_Xe^\ k_\ Zfcfi $ kXb\ k`d\ kf gcXpXifle[n`k_`kXY`k#Ylkflig`Zkli\ [f\jeËke\\[XepZfcfiZ_Xe^\j% 8j pfl dXp efk`Z\# k_\ lkdfjk c\]k Xe[ i`^_k jc`[\i gfj`k`fe i\jlck `e k_\ jXd\ ,)
Zfcfi# j`eZ\ `e ]XZk pfl Xi\ dfm`e^ `e X ZfcfiZ`iZc\% K_\ JXkliXk`fe gXiXd\k\i `j lj\[ kf X[$ aljk k_\ gifgfik`fe Y\kn\\e Zfcfi Xe[ ^iXp`e\XZ_g`o\c$j\kk_\mXcl\kfÆ., kfi\dfm\XjdlZ_ZfcfiXjgfjj`Yc\% ;feËkZ_Xe^\C`^_ke\jj% 8ck_fl^_pflnfeÊke\\[`kXkk_\dfd\ek# efk`Z\k_Xkk_fl^_pflXi\`ecfn]`ck\i=`ck\id\el1;`jkfik#@c$ clj%,. % K_`j`jfe\f]k_\]`ck\ijk_Xkfg\ej`ek_\ =`ck\i >Xcc\ip# X jlY$gif^iXd `e n_`Z_ pfl ZXe Zfem\e`\ekcp j\c\Zk Xe[ X[aljk jfd\f]k_\]`ck\iG_fkfj_fgf]]\ij% Kf XZ_`\m\ k_\ [\j`i\[ \]]\Zk# `%\% jf]kcp Yi`^_k\e`e^ Xi\Xj n`k_ j_`e`e^ n_`k\ c`^_k#k_\YXZb^ifle[Zfcfi_XjkfY\j\k kfN_`k\pflZXeZfekifck_`jm`Xk_\Kffc gXe\c % =fik_\]`ck\i#j\kXjc`^_k>iX`e`e\jj\]]\Zk 4)#@cclj%,/ #Xe[Xi\cXk`m\cp_`^_>cfn 8dflekf](,%8[aljk:c\Xi8dflekkf('% Fek_\c\]kpflZXej\\Xgi\m`\nÆpfl ZXeqffdXe[dfm\k_\`dX^\j\^d\ek%
,.
,/
C`^_kJ_X[fnJgXZ\×8iZ_`k\ZkliXcI\e[\i`e^n`k_:`e\dX+;
)**
,0
?fn\m\i#`knflc[Y\e`Z\kfjki\jjk_\]`c$ k\i\]]\Zkfek_\i`^_kj`[\Æn`k_flkk_Xk# k_\ `dX^\ Xi\X fe k_\ c\]k cffbj fm\icp `eZXe[\jZ\ek% @kj\\djX^ff[`[\XX^X`ekflj\X^iX$ [`\ekdXjbk_Xkn`ccXccfn]fiXjf]k]`ck\i \]]\ZkkiXej`k`fe]ifdc\]kkfi`^_k% DXb\ jli\ k_Xk pfli Zfg`\[ I\]iXZk`fe cXp\i_XjXdXjb#Xe[k_Xk`kÊjXZk`mXk\[%
-'
I\j\c\Zk k_\ cXp\iÊj Zfcfi\[ gXikj J\c\Zk d\elÆI\j\c\Zk#filj\k_\DX^`ZNXe[ X^X`e#@cclj%,0 %@em\ij\k_\j\c\Zk`feJ\$ c\Zkd\el#@cclj%-' kf^\kXZfii\ZkdXjb k_`jk`d\% J\c\Zk k_\ >iX[`\ek kffc X^X`e# jk`cc X YcXZb$kf$n_`k\% Efn Zc`Zb$[iX^ pfli dflj\ ]ifd c\]k kf i`^_k# ]ifd k_\ nff[ jli]XZ\Ëj Y\^`ee`e^ kf `kj \e[# n_`c\ gi\jj`e^ k_\ J_`]k b\p kf b\\g k_\ c`e\ _fi`qfekXc@cclj%-( % Efnk_\]`ck\i\]]\ZkZfeZ\ekiXk\jfek_\ i`^_kgXikf]k_\g`Zkli\#Xe[pflZXej\\ X i\jg\Zk`m\ kiXej`k`fe fe k_\ nff[ jli$ ]XZ\@cclj%-) % Pfl ZXe X[d`i\ pfli ^iX[`\ek X^X`e Yp 8ck$Zc`Zb`e^ fe k_\ dXjb d`e`Xkli\ @cclj% -* %
-*
:_Xgk\i(-×Dlck`$GXjjI\e[\i`e^Xe[:fdgfj`k`e^
-)
-(
)*+
-+
PflÊm\ efn j\\e jfd\ f] G_fkfj_fgÊj gfjk$gifZ\jj`e^ kffcj ]fi `dX^\j i\e$ [\i\[`e:`e\dX+;% K_\ Dlck`$GXjj cXp\ij Xe[ 8cg_X Z_Xe$ e\cjn\i\m\ip_\cg]lc`ek_`jZfek\ok% K_\fi`^`eXcc`^_k`e^j\klg]fik_\:`e\dX +;jZ\e\nXj[\XZk`mXk\[]fik_\jXb\f] j_fik\ii\e[\i`e^k`d\j% -,
--
KlieYXZbkfpfli:+;]`c\#Xe[kXb\Xcffb Xkk_\FYa\ZkDXeX^\i%PflZXej\\XefY$ a\Zk^iflgZXcc\[]`cc]cffi]`eXc@cclj%-, % K_`jZfekX`ejYXj`ZXccpXeXiiXpf]Xeld$ Y\if]Fde`c`^_kjk_XkZi\Xk\_Xi[j_X[$ fnj# Xj n\cc Xj Xe 8i\X k_Xk Zfeki`Ylk\j [`]]lj\ c`^_k kf k_\ jZ\e\# Zfd`e^ Xcfe^ n`k_8i\Xj_X[fn% K_\fde`^iflgnXjZi\Xk\[YpZfgp`e^ fe\fi`^`eXcc`^_kXjXeldY\if]`ejkXeZ$ \j#XjkiXk\^ppflÊm\Xci\X[pXggc`\[j\m$ \iXck`d\jY\]fi\\%^%:_%'0#IffdjXe[ 8ik`]`Z`XcC`^_k`e^ % Jn`kZ_fek_`jc`^_k^iflg]fi\e\iXc(/ >cfn-/#-0#/(#((+ Dlck`$GXjjI\e[\i`e^((+#)(.#)(/#)), FYa\Zk9l]]\i)),#))FlkglkI\jfclk`fe/'#/0#0.#((*#()/#(*0# (+/#)(/#))(#)*+ G`Zkli\M`\n\i)(0 Gfjkcfn)*) =`ck\i>iX`e(-. =`ck\iEf`j\(-0 ?l\&JXkliXk`fe))0#)*, @dX^\J`q\(0. CXp\i9c\e[`e^Df[\C`e\Xi;f[^\))'# )*, CXp\i9c\e[`e^Df[\Dlck`gcp(-0#))'# ))0
CXp\i9c\e[`e^Df[\Jf]kC`^_k(-0 CXp\iDXjb(-,#(-/#))*#)*(#)**#)*, CXp\iFgXZ`kp(-0#))0 C\m\cj(-.#)),#)).JXm\]fiN\Y ;\m`Z\j(0/ K_i\j_fc[)*,