2016 Campaign Finance

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Re: 2016 Campaign Finance

#101

Post by Addie » Fri Feb 19, 2016 8:59 am

LA Times
Hillary Clinton faces one problem she didn't expect: Money

Hillary Clinton’s campaign had planned for any number of troubles on her path toward the Democratic nomination; money was never supposed to be among them.

Now, at a critical point in the race, Clinton finds herself under financial stress. The Bernie Sanders money machine keeps churning, sweeping up millions of dollars more than the Clinton campaign has been able to find of late, positioning the democratic socialist from Vermont to compete in states where he was never expected to be a threat.

As Clinton’s network of fundraisers in cash-rich regions like Los Angeles and the Bay Area struggle to fill events where tickets typically cost $2,700 -- the maximum a donor can give in the primary -- Sanders is not holding any. His money comes almost entirely online, and keeps coming and coming, far faster and more steadily than small donations do on Clinton’s website.

Clinton’s rainmakers have grown anxious. She began the year with $10 million more in the bank than Sanders, but that cushion is disappearing fast.
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Re: 2016 Campaign Finance

#102

Post by Addie » Sat Feb 20, 2016 7:41 am

WaPo
Democratic party fundraising effort helps Clinton find new donors, too

Behind the scenes at the Democratic National Committee’s summer meeting in Minneapolis last August, campaign officials for Hillary Clinton were making a hard sell to the state parties.

In private huddles, they urged state officials to sign onto an ambitious fundraising endeavorthat would allow Clinton’s presidential bid, the DNC and the state parties to scoop up and share big checks from wealthy donors. It would mark the earliest creation of a joint fundraising committee between a presidential candidate and the party, and it would be the biggest ever, thanks to a 2014 Supreme Court decision that knocked down a cap on how much donors could give to federal campaigns in a single year.

A record 32 state parties signed on to the fund, allowing the committee to solicit donations 130 times greater than what a supporter can give to Clinton’s campaign for the primary.

But the states have yet to see a financial windfall. Meanwhile, Clinton’s own campaign has been a major beneficiary, getting an infusion of low-dollar contributions through the committee at a time when rival Bernie Sanders’s army of small donors is helping him close in on her financially. The fund is run by Clinton campaign staff, and its treasurer is Clinton’s chief operating officer.
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Re: 2016 Campaign Finance

#103

Post by Addie » Sun Feb 21, 2016 11:28 am

Reuters
Wealthy donors drawn to Rubio White House bid after Bush drops out

Within minutes of Jeb Bush dropping out of the presidential race Saturday night, some of his donors were preparing to throw their financial support behind Marco Rubio, who has emerged as the strongest candidate among the establishment wing of the party.

"Jeb's network is already naturally migrating to Marco," said Gaylord Hughey, a top Bush fundraiser from Texas, echoing what four other top donors told Reuters. "It's the clear path."

"It's a stampede," added another donor, who spoke on the condition of anonymity because he wanted to give Bush some time after dropping out before he went public with his support of Rubio, the U.S. senator from Florida. ...

Brian Ballard, who raised money for Bush last year but switched allegiances last summer to Rubio, said: "It's flooding tonight. Ninety-five percent of Jeb's money is going to end up with Marco."
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Re: 2016 Campaign Finance

#104

Post by Foggy » Sun Feb 21, 2016 1:05 pm

Funny, I thought Rmoney proved you can't just buy an election. :think: :confused:

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Re: 2016 Campaign Finance

#105

Post by Addie » Sun Feb 21, 2016 1:18 pm

CNN
Hillary Clinton super PAC gets big donor boost

(CNN)Hillary Clinton's super PAC collected more than $9.5 million in January, more than half of which came from five wealthy donors.

Priorities USA Action earned a $3.5 million check from James Simons, a New York City hedge fund manager and philanthropist on Jan. 11, the group told the Federal Election Commission in a filing on Saturday.

Jay and Mary Pritzker, two members of a prominent and wealthy Chicago family, also gave a total of $2 million to the group just a few days before Clinton essentially tied Bernie Sanders in Iowa. Slim-Fast founder Daniel Abraham gave $1 million. Texas trial lawyer and prominent Democratic donor Steve Mostyn added $1 million.

Clinton herself added to that financial advantage over Sanders -- who does not have an authorized super PAC -- with a $14.9 million haul for her campaign. She had nearly $33 million on hand as of Jan. 31. Priorities USA Action had nearly $45 million in cash on hand at the end of January.
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Re: 2016 Campaign Finance

#106

Post by MN-Skeptic » Sun Feb 21, 2016 3:30 pm

Thinking about the economy, not individual candidates.

The problem with trickle-down economics is that the rich spends a smaller percentage of their income/wealth than the poor does. If I gave $500 to 100 low income single mothers, virtually every one of them would spend that $500, putting $50,000 right back into the economy. If I gave $50,000 to, well, me, I would just put it into a low cost index fund and $zero gets put into the economy.

I love that millionaires are pumping money into the election. They are taking money that otherwise would sit in the stock market and putting it into action. It's going to the ad agencies and the networks. It's paying for buttons and flyers. It's going into the economy. From that standpoint, I like the election season.

Of course, just because they buy the TV ads doesn't mean I have to listen to them.
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Re: 2016 Campaign Finance

#107

Post by Addie » Wed Feb 24, 2016 1:50 pm

NBC News
Clinton Outspends Sanders in Super Tuesday States

Hillary Clinton and her allies are spending $4.1 million on ads in 11Super Tuesday states, while Bernie Sanders is advertising in just five states at $3.3 million, according to ad-spending data from SMG Delta through Feb. 28.

Clinton and her Super PAC are up with ads in Alabama ($416,000), Arkansas ($43,000), Colorado ($540,000, Georgia ($295,000), Massachusetts ($543,000), Minnesota ($386,000), Oklahoma ($378,000), Tennessee ($421,000), Texas ($586,000), Vermont ($7,000) and Virginia ($452,000).

By contrast, Sanders is up in Colorado ($1.2 million), Massachusetts ($650,000) Minnesota ($680,000), Oklahoma ($690,000) and Texas ($32,000)

On the Republican side, Marco Rubio's Super PAC is advertising in eight states at $1.2 million, while Ted Cruz's campaign is up with $185,000 in five states.
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Re: 2016 Campaign Finance

#108

Post by Addie » Sat Feb 27, 2016 4:58 pm

Politico
Trump faces wave of big-money attacks

A handful of Republican big-money groups on Friday launched hard-hitting ad campaigns targeting Donald Trump that echoed Marco Rubio’s Thursday night debate smack-down of the GOP presidential front-runner.

The group behind what’s expected to be the most expensive and sustained assault ― a super PAC dedicated to Rubio called Conservative Solutions PAC ― has raised about $20 million in the past week alone, sources tell POLITICO. They say the cash will power a full-frontal assault on Trump in the delegate-rich states that vote in March, starting with Tuesday’s 14 Super Tuesday contests.

Taken together, the wave of big-money attack ads, which could total in the eight-figures, suggests that deep-pocketed conservative groups and their donors see the March contests as their last chance to stop the billionaire real-estate showman from winning the GOP nomination and taking over the party. ...

The super PAC has already purchased or reserved $6.4 million worth of ads in the week leading up to Super Tuesday and the week following it, according to an analysis of advertising buys for POLITICO by The Tracking Firm. By comparison, Trump’s own campaign has only committed less than $900,000 to ad spending in the Super Tuesday states.
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Re: 2016 Campaign Finance

#109

Post by Sterngard Friegen » Sat Feb 27, 2016 5:13 pm

Too little.

Too late.

And Drumpf will always get his 35% of the Republican vote because there are enough hopeful Republican voters who believe in magical political promises. (They aren't the only political party with hopeful voters who believe in magical political promises.)

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Re: 2016 Campaign Finance

#110

Post by Addie » Mon Feb 29, 2016 11:26 am

Politico
Sanders campaign aims for $40 million month

Bernie Sanders' campaign is seeking to raise just under $4 million on Monday, the deadline for the Federal Election Commission's monthly reporting deadline. That amount, according to fundraising totals announced by the campaign, would give the Vermont senator's effort $40 million in February.

From the time he declared his candidacy last April through January, Sanders raised $94.8 million from more than 3 million individual contributors. The campaign eclipsed the 4 million mark in February, raising a shade over $36 million in the month as of Monday morning.

Sanders has pointed to his campaign's disavowal of super PACs and large-money contributions throughout the course of the campaign, doing a well-worn call-and-response with supporters in Minnesota on Saturday evening about the average donation to the campaign — $27.
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Re: 2016 Campaign Finance

#111

Post by Addie » Tue Mar 15, 2016 3:30 pm

The Hill
Sanders's small donors are changing the political world

Words cannot fully express the profound power and game-changing impact of the small donors to Sen. Bernie Sanders's (Vt.) presidential campaign, who are proving — who have proven — that a national campaign can be funded by an army of small donors who together can compete against any campaign that the most wealthy individuals and corporate financial power can buy.

In the month of February alone, the Sanders campaign raised some $42 million, more than the approximately $30 million raised by rival Hillary Clinton's campaign during that month and more than the amount of money raised by any Republican presidential campaign in February.

From the moment he launched his presidential campaign, Sanders has reached out to small donors to advance his campaign to create a revolution in American politics, and his small donors have reached back. Day after day, week after week, month after month, his small donors have come through with a generosity of spirit and an idealism of purpose to build a better future for American democracy. ...

Sanders's small donors do not dream of someday working in government for the purpose of someday making big money marching through the revolving doors to lobbying firms. No; they dream of making government more responsible for the well-being of the people. They dream of a society that helps the poor, lifts the middle class, educates the students, cares for the elderly, cures the ill and protects the planet.

What the Sanders donors have proven is that one man and one woman multiplied millions of times, each giving a small amount of money, can together have as much power as the billionaires and the super-PACs and their lobbyists and PR voices. And they can use this power for the good of America and the world, not to feather their own nests or satisfy their egos or lobby for their special interests.
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Re: 2016 Campaign Finance

#112

Post by Addie » Fri Mar 18, 2016 9:47 am

New York Review of Books
The Clinton System

On January 17, in the final Democratic debate before the primary season begins, Bernie Sanders attacked Hillary Clinton for her close financial ties to Wall Street, something he had avoided in his campaigning up to that moment: “I don’t take money from big banks….You’ve received over $600,000 in speaking fees from Goldman Sachs in one year,” he said. Sanders’s criticisms coincided with recent reports that the FBI might be expanding its inquiry into Hillary Clinton’s emails to include her ties to big donors while serving as secretary of state. But a larger question concerns how Hillary and Bill Clinton have built their powerful donor machine, and what its existence might mean for Hillary Clinton’s future conduct as American president. The following investigation, drawing on many different sources, is intended to give a full sense of the facts about Clinton and not to endorse a particular candidate in the coming election.
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Re: 2016 Campaign Finance

#113

Post by Addie » Sat Mar 19, 2016 8:21 am

WaPo
How ‘ghost corporations’ are funding the 2016 election

Two days before Christmas, a trust called DE First Holdings was quietly formed in Delaware, where corporations are required to reveal little about their workings. A day later, the entity dropped $1 million into a super PAC with ties to Jersey City, N.J., Mayor Steven Fulop, a Democrat considering a gubernatorial bid.

The trust, whose owner remains unknown, is part of a growing cadre of mystery outfits financing big-money super PACs. Many were formed just days or weeks before making six- or ­seven-figure contributions — an arrangement that election law experts say violates a long-standing federal ban on straw donors.

But the individuals behind the “ghost corporations” appear to face little risk of reprisal from a deeply polarized Federal Election Commission, which recently deadlocked on whether to even investigate such cases.

Advocates for stronger campaign-finance enforcement fear there will be even more pop-up limited liability corporations (LLCs) funneling money into independent groups, making it difficult to discern the identities of wealthy players seeking to influence this year’s presidential and congressional contests.

The 2016 campaign has already seen the highest rate of corporate donations since the Supreme Court unleashed such spending with its 2010 Citizens United v. FEC decision.
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Re: 2016 Campaign Finance

#114

Post by Addie » Mon Mar 21, 2016 2:30 pm

Politico
Sanders far outpaced Clinton in February fundraising

Sen. Bernie Sanders raised $43.5 million in February and ended the month with $17.2 million cash on hand, according to a Federal Election Commission report filed on Sunday night.

That haul overshadows former Secretary of State Hillary Clinton, who raised $30 million in contributions in February.

But Clinton also ended up with more cash on hand than Sanders. According to Clinton's filing, she ended the month with $31 million cash on hand.

Sixty-two percent of Sanders' donations were for less than $200, compared with 23 percent for Clinton in February.

Almost half of the Sanders' campaign spending was on media -- $19.9 million, a reflection of the large number of Democratic contests the Vermont senator competed in during the month and on Super Tuesday.
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Re: 2016 Campaign Finance

#115

Post by Addie » Thu Mar 24, 2016 2:59 pm

Politico
Democrats' cash crunch hurts bid to win Senate

Democrats have expanded the Senate map this year, recruiting viable candidates in states no one expected them to compete in, such as Arizona and Missouri, and arguably positioning themselves to ride an anti-Trump wave to the Senate majority.

But there’s one big problem: Money.

Republicans are outspending Democrats in key races so far. There’s little indication that Democrats will close the gap as Election Day approaches, and signs the chasm will grow thanks to the longer roster of deep-pocketed outside groups on the right. That’s triggered growing anxiety within the minority party about relinquishing an opening to net the four or five seats they need to recapture the Senate.

Outside Republican groups have jumped to an early lead in spending on Senate races in key swing states like New Hampshire and Ohio. If Republicans come to see Donald Trump as a lost cause in the general election, conservative cash could flood congressional races, which is seen as the GOP’s last line of defense against a Clinton White House and a liberal Supreme Court. Already, some anti-abortion groups are focused on defending the majority rather than supporting Trump. ...

Everyone involved says the top of the ticket — i.e., Trump vs. Hillary Clinton, both sides believe — will set the tone for the Senate election. The better Clinton does nationally, Democrats contend, the more seats she’ll put in play. And that, they say, could make Republicans commit cash to protect incumbents who’d otherwise be heavy favorites and perhaps ditch some of the vulnerable ones.
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Re: 2016 Campaign Finance

#116

Post by Addie » Thu Mar 24, 2016 7:04 pm

Politico
Clinton asks for $353K to sit with the Clooneys

It will cost more than four times the average income in San Francisco to have dinner next to Hillary Clinton and the Clooneys there next month.

For two seats at the head table with Clinton, George Clooney and his wife, attorney Amal Clooney, at an April 15 fundraiser, a couple must contribute or raise a whopping $353,400 — a huge ticket price for a hard-dollar fundraiser.

The Bay Area fundraiser, hosted at the home of venture capitalist Shervin Pishevar, is one of two events starring the Clooneys. On April 16, Clinton and the Clooneys will reunite at the Clooney Los Angeles mansion, where tickets cost $33,400 per person to dine at the table with one of Hollywood’s most glamorous couples.

Both events raise money for the Hillary Victory Fund. While the maximum donation to a presidential campaign is $2,700 for the primary elections (plus another $2,700 for the general), the Hillary Victory Fund can accept much larger contributions because it is a so-called joint fundraising committee that is comprised of multiple committees.

In addition to Hillary for America, which is Clinton’s main campaign committee, the Hillary Victory Fund also includes the Democratic National Committee and 32 state party committees.
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Re: 2016 Campaign Finance

#117

Post by Addie » Wed Mar 30, 2016 9:36 am

MSNBC
David Brock group hits Bernie Sanders with ethics complaints

A group founded by Hillary Clinton ally David Brock filed three complaints with the Federal Election Commission Tuesday against the Bernie Sanders’ campaign and two allied outside groups.

One complaint from the American Democracy Legal Fund alleges Sanders’ campaign accepted more money from individual donors than allowed under federal law. Another accuses the campaign of failing to include proper disclosure on a Facebook ad it ran after the New Hampshire primary. The third claims a pro-Sanders super PAC has improperly using Sanders’ name, and also alleges illegal coordination.

The FEC has previously warned Sanders about excessive contributions. But with the FEC perpetually deadlocked, these kinds of complaints often go nowhere, and sometimes are used more to generate news coverage than actual enforcement action. ...

Brock founded the ADLF in 2014 to essentially weaponize the political ethics process against opponents. But it’s always been used against Republicans – this is the first time the ADLF has filed a complaint against a Democrat. ...

If the complaints do lead to FEC action, however, it could undermine two of Sanders’ biggest strengths: His perception of honesty and status as a campaign finance crusader.
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Re: 2016 Campaign Finance

#118

Post by Addie » Fri Apr 01, 2016 2:09 pm

USA Today
Bernie Sanders raises $44 million in March

Vermont Sen. Bernie Sanders raised $44 million in March, surpassing his record-breaking February haul as his campaign readies for a round of expensive primary fights this month.

The March numbers bring Sanders' total fundraising during the first quarter of the year to nearly $109 million. More than 97% of that money was raised online, campaign officials said in a new release. ...

Sanders big haul comes of the heels of his three lopsided wins over Hillary Clinton in Alaska, Washington state and Hawaii last weekend. The Democratic nomination fight heads to Wisconsin on Tuesday and New York on April 19, a state home to the most expensive television advertising market in the country. A whopping 291 delegates are at stake in New York, the largest delegate prize of the month. ...

Clinton's camp had not released March fundraising numbers as of Friday morning. In an fundraising email Thursday night, she implored supporters to chip in as little as $1. "Even with our delegate lead, we can't underestimate Senator Sanders and his team," Clinton wrote.
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Re: 2016 Campaign Finance

#119

Post by Addie » Tue Apr 05, 2016 9:53 am

WaPo
Bernie Sanders outraises Hillary Clinton for third consecutive month

Vermont Sen. Bernie Sanders’s fundraising juggernaut outraised Hillary Clinton’s campaign in March, surpassing her for the third consecutive month.

Clinton announced on Monday that her campaign had raised $29.5 million for the month compared with the $44 million raised by the Sanders campaign. Sanders’s March fundraising haul surpasses the campaign’s own record-setting $43.3 million raised in February. ...

Clinton has also increasingly emphasized grass-roots fundraising. A majority of Clinton’s donors have given less than $100, according to the campaign. But she also spends a fair amount of time raising millions from larger contributors — including a controversial upcoming fundraiser with actor George Clooney in California with a ticket price of up to $353,400.

She begins April with $29 million in cash on hand for the primary. The Sanders campaign did not disclose the amount of money it had remaining.
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Re: 2016 Campaign Finance

#120

Post by Addie » Sat Apr 16, 2016 8:52 am

Politico
Hillary Clinton committee raised $33 million in first quarter

Hillary Clinton in the first three months of the year raised $33 million into a joint account her campaign formed with Democratic Party committees, according to a report filed Friday night with the Federal Election Commission.

The report shows that the joint account, called the Hillary Victory Fund, spent heavily trying to develop a small donor base for Clinton’s presidential campaign, but also took advantage of its unique structure to raise nearly $5 million from just 14 mega-rich donors, including entertainment titans Barry Diller, James Cameron and Haim Saban.

The fund comprises Clinton’s presidential campaign committee, as well as the Democratic National Committee and 32 state party committees. As a result, it can accept checks as large as $358,000 per person — a total determined by the maximum donation to each of its component committees ($5,400 to the Clinton campaign, $33,400 to the DNC and $10,000 to each of the state parties).

The idea is that the committee will help the state parties raise money for their general election efforts, an area where Clinton’s allies argue that her insurgent rival for the Democratic presidential nomination Bernie Sanders has done little. Sanders has a joint fundraising committee, as well, but it has been relatively inactive.

Yet, during the first three months of the year, the $2 million transferred by the Hillary Victory Fund to various state party committees paled in comparison to the $9.5 million it transferred to Clinton’s campaign committee or the $3.5 million it transferred to the DNC.
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Re: 2016 Campaign Finance

#121

Post by Suranis » Sat Apr 16, 2016 9:01 am

Frankly. these numbers are obscene. The fact that these numbers are necessary to be competitive in a Biannual election cycle is repulsive. Corruption cannot be avoided in such a situation.
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Re: 2016 Campaign Finance

#122

Post by Addie » Sat Apr 16, 2016 9:06 am

:like:
Suranis wrote:Frankly. these numbers are obscene. The fact that these numbers are necessary to be competitive in a Biannual election cycle is repulsive. Corruption cannot be avoided in such a situation.
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Re: 2016 Campaign Finance

#123

Post by Addie » Sat Apr 16, 2016 7:24 pm

People
George Clooney Says Bernie Sanders Is 'Absolutely Right' to Criticize the High Price Tag on His Clinton Fundraiser

George Clooney said this weekend that presidential candidate Sen. Bernie Sanders was "absolutely right" to protest the amount of money involved in political fundraisers such as the one Clooney co-hosted Friday night in support of candidate Hillary Clinton – or the one he will co-host Saturday night, with wife Amal, at his home.

In a pre-taped interview for Meet the Press, Clooney was asked by host host Chuck Todd about the Friday fundraiser, in San Francisco, which reportedly cost $353,400 (in donations or raised funds) to sit at the head table, alongside with Clinton and the Clooneys.

"Do you look at it yourself and think, 'That's an obscene amount of money?' " Todd asked Clooney.

"Yes. I think it's an obscene amount of money," Clooney said. "I think that, you know, we had some protesters last night when we pulled up in San Francisco and they're right to protest. They're absolutely right. It is an obscene amount of money."

He continued, "The Sanders campaign, when they talk about it, is absolutely right. It's ridiculous that we should have this kind of money in politics. I agree completely."
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Re: 2016 Campaign Finance

#124

Post by Addie » Tue Apr 19, 2016 2:16 pm

Burlington Free Press
Feds flag Bernie Sanders campaign contributions

Bernie Sanders received a warning from the Federal Election Commission, citing problems with his campaign's February finance report.

The letter states the report lists amounts of contributions, receipts, expenses and disbursements that "appear to be incorrect."

The letter also cites possible impermissible contributions that exceed the allowed limit per election cycle ($2,700 for individuals) along with donations that come from outside the United States and from unregistered political committees.

The FEC sent the letter Thursday to the campaign asking for more information regarding the report filed Feb. 20. The letter warned: "Failure to adequately respond by the response date noted above could result in an audit or enforcement action." ...

"Inevitably there are questions that the FEC staff will have," Briggs wrote Friday afternoon in an email.
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Re: 2016 Campaign Finance

#125

Post by Sterngard Friegen » Tue Apr 19, 2016 3:30 pm

Et tu, Bernius?

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