Latest / Financial Survival Network / Federal Contracts, Cuts, & Job Gains - Lloyd Chapman #6225
Transcript
- 0:00Speaker 1: And what I've been covered is small business don't get
- 0:02Speaker 1: twenty four percent. They get about three percent. So if
- 0:05Speaker 1: if the government gave small businesses full twenty three percent,
- 0:09Speaker 1: that would be an additional twenty percent. According to the Senate,
- 0:11Speaker 1: that would create two million at new jobs a year.
- 0:14Speaker 1: That would virtually double the upper net new jobs at America.
- 0:17Speaker 1: So that's free, free and easy, no new taxes, no
- 0:20Speaker 1: to spending, double the number net new jobs just by
- 0:23Speaker 1: complying with the small business activists. Sign by Eisenhower ni
- 0:26Speaker 1: King fifty three.
- 0:27Speaker 2: You are listening to Carrie Let'sa's Financial Survival Network where
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- 0:54Speaker 3: And welcome you are listening to and watching the Financial
- 0:58Speaker 3: Survival Network. I'm your host. We are almost done with January.
- 1:03Speaker 3: Can't believe it, man, Time flies when you're having fun.
- 1:09Speaker 3: Definitely not flying for a lot of people out there
- 1:14Speaker 3: on the administration hit list. Those of you who are
- 1:17Speaker 3: here illegally and committed crimes or had a deportation order.
- 1:23Speaker 3: What's that going to mean to small business? Is Trump
- 1:28Speaker 3: truly the friend of a small business? Will Trump two
- 1:32Speaker 3: point zero positively or negatively affect small business? We've got
- 1:37Speaker 3: the head of the American Small Business League with us
- 1:41Speaker 3: and a really really interesting persons talking to pre call
- 1:48Speaker 3: his name. Your name is Alloyd Chapman. Lloyd. Is this
- 1:53Speaker 3: the golden era for small business? Or do we just
- 1:56Speaker 3: see more and more big businesses consolidating and kind of
- 2:01Speaker 3: going the pac Man route like we have for the
- 2:04Speaker 3: past two or three decades.
- 2:06Speaker 1: Uh, the pac Man route the last two or three decades. Yes,
- 2:09Speaker 1: small businesses are not doing well in America. I'll throw
- 2:12Speaker 1: some statistics this most people don't know in America, ninety
- 2:16Speaker 1: nine point nine percent of all the companies for small businesses,
- 2:19Speaker 1: ninety eight percent of all US firms have listened to
- 2:22Speaker 1: her employees and those thirty four million small businesses where
- 2:25Speaker 1: most America's work. Trump is elected by small businesses right
- 2:29Speaker 1: and small beests responsible for fifty percent of the gross
- 2:32Speaker 1: domestic product, fifty percent of the private sector workforce, over
- 2:35Speaker 1: ninety percent of US exports, and most importantly, the vast
- 2:39Speaker 1: majority of the ninety accent of all net new jobs
- 2:41Speaker 1: come from small businesses. So brother Trump wants to make
- 2:44Speaker 1: America great and America's ninety nine point nine percent small business,
- 2:48Speaker 1: so he should adopt some very powerful pro small business programs.
- 2:53Speaker 1: I worked with Bobby Kennedy before he dropped out of
- 2:56Speaker 1: the race and endorsed Trump, and he put out a
- 3:00Speaker 1: program called Small Business, Big middle Class. And my hope
- 3:04Speaker 1: is that Trump will adopt that that program will triple
- 3:07Speaker 1: the number of new jobs in America, prompt a huge
- 3:10Speaker 1: economic boom across the country, and increase tax revenue, and
- 3:14Speaker 1: is free, no new taxes, no toe spending, deficit neutral.
- 3:18Speaker 1: People can look it up. It's a Bobby Kennedy's Small Business,
- 3:21Speaker 1: Big middle Class economic stimmer program. But again, I'm not
- 3:25Speaker 1: sure that President Trump understands the ninety nine pointment nine
- 3:28Speaker 1: percent of all firms of small businesses. The only agency
- 3:31Speaker 1: in government to help those companies is a small busin administration.
- 3:35Speaker 1: Here's something else that people don't know. The Small Business Act,
- 3:38Speaker 1: administered by the SVA, is the largest economic simmer program
- 3:43Speaker 1: ever passed by Congress for the American people in the
- 3:45Speaker 1: middle class. And that's designed to direct federal spending into
- 3:49Speaker 1: the middle class and create jobs, and it's run by
- 3:52Speaker 1: the SVA. The sb budget today is the smallest in history,
- 3:59Speaker 1: So the A and the budget is smallston history. The
- 4:02Speaker 1: SMATE budget staff was bigger forty years ago this today.
- 4:05Speaker 1: My hope is that President Bum President Trump, trying to
- 4:08Speaker 1: make America great again, is going to restore the SBA
- 4:12Speaker 1: given a budget that's appropriate for the agency to help
- 4:14Speaker 1: the thirty four million small business where most Americans work.
- 4:17Speaker 1: I don't think you should be a round ten twenty
- 4:19Speaker 1: billion a year, but that's the best way to make
- 4:22Speaker 1: America America great again is to focus on small businesses.
- 4:26Speaker 3: All right, So small business we agree. I've been in
- 4:29Speaker 3: small business my entire life. I never had the privilege
- 4:33Speaker 3: of working for anybody else as Ben Joe you know so,
- 4:39Speaker 3: and I'm fourth generation small business person here. So I
- 4:47Speaker 3: guess the question really is how hard is it to
- 4:54Speaker 3: deal with the SBA to get money for a business.
- 4:57Speaker 1: Well, you know what, I'll tell you something. In my view,
- 5:01Speaker 1: the SPA has essentially been closed. The budget has been
- 5:07Speaker 1: cut year after year, may name by the Pentagon. By
- 5:10Speaker 1: the way, the Pentagon has more control over this than
- 5:13Speaker 1: anybody else in government. Every year in the National Offense
- 5:17Speaker 1: Authorization Act, the Pentagon sneaks in language to dismantle small
- 5:21Speaker 1: business programs. And I'll tell you why. So the Small
- 5:24Speaker 1: Business Act mandates that twenty three percent of all millar
- 5:26Speaker 1: contracts go to small businesses. Right, Well, the big Pentagon contractors,
- 5:31Speaker 1: they want all the government's money to go to them.
- 5:33Speaker 1: So they've been struggling for forty years to close the
- 5:37Speaker 1: SPT endless program because they want that money. It's around
- 5:40Speaker 1: three hundred and fifty billion a year and they want
- 5:43Speaker 1: that money. And unfortunately, as you and I both know,
- 5:45Speaker 1: fortune fier firms have infinite power of Washington, small businesses
- 5:49Speaker 1: have virtually nothing.
- 5:50Speaker 3: You know.
- 5:50Speaker 4: Let me ask you a question. So I consider you
- 5:53Speaker 4: to be an economics.
- 5:54Speaker 1: Expert in Europe, your experience before we met. Who do
- 5:59Speaker 1: you think is the large organization in America representing the
- 6:02Speaker 1: ninety nine point nine percent of all US forms, the
- 6:04Speaker 1: new small businesses.
- 6:05Speaker 3: The largest organization?
- 6:07Speaker 4: Yeah, that represents that, I think it is.
- 6:12Speaker 1: I'll tell you what I've got a people get following
- 6:16Speaker 1: on Twitter like shopping and just for fun.
- 6:18Speaker 4: A few months.
- 6:19Speaker 1: Ago, I put out a series of rewards I offered
- 6:22Speaker 1: one thousand dollars to the first person can find anybody
- 6:25Speaker 1: on television in the last ten years objecting to the
- 6:29Speaker 1: government getting small business contracts to Fortune five firms but me.
- 6:34Speaker 4: Nobody could find it.
- 6:35Speaker 1: I offered another thousand dollars for anyone but the first
- 6:38Speaker 1: person that could find anybody on national television other than
- 6:41Speaker 1: me objecting to plans to cut the ESPA budget and
- 6:45Speaker 1: close it. Nobody could find it. So my point is,
- 6:48Speaker 1: I don't think there is an organization UH to represent
- 6:52Speaker 1: small businesses other than American Small Business lead. If someone
- 6:54Speaker 1: disagrees with me, Chamber Chamber it all right, let's say,
- 7:00Speaker 1: let's just say the Chamber of Commerce show me anyone
- 7:03Speaker 1: in the history of America on television from the use
- 7:07Speaker 1: Chamber of Commerce objecting to the governt getting small business
- 7:10Speaker 1: contracts to Fortune favor firms. Just before I did your show,
- 7:14Speaker 1: I started using this a program called Perplexity.
- 7:17Speaker 4: Yeah, and I went on to.
- 7:17Speaker 3: Perplexly use that it all. Yeah, it's fascinating.
- 7:22Speaker 1: Yeah, I said, how many years Fortune five firms and
- 7:27Speaker 1: getting small business contracts? The response came back decades. So
- 7:31Speaker 1: I think you and I can probably agree that Fortune favor.
- 7:34Speaker 1: The firms aren't small businesses. Can we agree on that?
- 7:36Speaker 3: Yeah, yeah, well, it's definitely abuse. That's the problem when
- 7:40Speaker 3: the government goes out gives out money, like during the pandemic,
- 7:43Speaker 3: how much fraud and abuse did we have? You know
- 7:47Speaker 3: with a little from there.
- 7:49Speaker 4: Good question.
- 7:50Speaker 1: I sued the government to get the names of all
- 7:53Speaker 1: of the firms and got PPP money. They wouldn't give
- 7:56Speaker 1: it to me for months. I finally got it, and
- 7:59Speaker 1: from the information I got, most of the money went
- 8:02Speaker 1: to large businesses. I think the guy got the most
- 8:06Speaker 1: money was a billionaire with a chain of hotels. And
- 8:10Speaker 1: the whole idea PPP was to get people to not
- 8:13Speaker 1: lay people off, right and giving the the PPP money
- 8:17Speaker 1: to support them until the COVID thing was over. And
- 8:20Speaker 1: this guy got the most money, laid off nine percent
- 8:24Speaker 1: of staff and he got the most money. But I
- 8:26Speaker 1: remember seeing on television. I think Kanye West got pp money,
- 8:30Speaker 1: and I think the Google's got money and football teams.
- 8:34Speaker 3: Right, but I remember talking.
- 8:36Speaker 4: Yeah.
- 8:36Speaker 1: Well, to tell you the truth, that's typical a federal
- 8:39Speaker 1: small business program. So if you look back in the
- 8:41Speaker 1: last you know, forty years, at any small business program,
- 8:45Speaker 1: most of it he goes to Fortune five refirms. Your
- 8:47Speaker 1: listeners can google Fortune Fiber firms get federal small business contracts.
- 8:51Speaker 1: We'll see all the articles that's going on for I
- 8:54Speaker 1: would say thirty years. Really so for thirty years. Yeah,
- 8:58Speaker 1: but to me that's just insane, right, Why are we
- 9:01Speaker 1: giving small bus of contracts the Fortune faber in firms?
- 9:03Speaker 3: Right?
- 9:04Speaker 1: But no matter who the president will tell you something,
- 9:08Speaker 1: No matter who is the president, who controls Congress, the
- 9:11Speaker 1: United States government is, in my opinion, anti small business. Well,
- 9:17Speaker 1: you know, let's say that the SB budget in twenty
- 9:19Speaker 1: twenty four is the lowest in forty years. Right, the
- 9:21Speaker 1: sp is the only agency to represent the ninety nine
- 9:25Speaker 1: point nine percent of the US firms that are small businesses,
- 9:27Speaker 1: a thirty four million small business froll most bercould work.
- 9:29Speaker 1: It's got the smallest budget in history. It should be
- 9:34Speaker 1: it should be a major agency. So this b should
- 9:36Speaker 1: be a huge agency.
- 9:37Speaker 3: But it's not. Yeah, So, like you say, but they
- 9:40Speaker 3: do make loans and you get all these solicitations. It
- 9:43Speaker 3: seems like they're loaning out money to just about anybody.
- 9:47Speaker 3: What kind of collateral do these does the agency require?
- 9:51Speaker 1: You know what, I'll tell you that's a good question.
- 9:53Speaker 1: The sv doesn't really loan money. They guarantee loans. They're
- 9:57Speaker 1: like a coach sider. So if you want to get
- 9:58Speaker 1: an SVA loan, you go to your bank and you
- 10:01Speaker 1: work with the SVA and your bank, and the SBA
- 10:04Speaker 1: will sort of like guarantee your loans. So the SBA
- 10:06Speaker 1: doesn't really loan money. I think guarantee loans. That's my understanding.
- 10:09Speaker 1: Right out of criminal time, they got an SBA loan. Yeah,
- 10:12Speaker 1: some of the biggest, most successful companies in America day
- 10:15Speaker 1: got SBA loans, right. But yeah, the SVA loan program
- 10:20Speaker 1: is a great program. I think it's great. But the
- 10:22Speaker 1: biggest program with the sb I think probably ninety percent
- 10:25Speaker 1: of the SP's value is the contracting program, because again
- 10:29Speaker 1: that's the largest economic center program in America. I'll say
- 10:32Speaker 1: something about fifteen years ago, the Senate Small Business Committee
- 10:36Speaker 1: put out a report. It said for every one percent
- 10:39Speaker 1: contracts of small business to go up, it will create
- 10:40Speaker 1: one hundred thousand that in your jobs. So federal loss
- 10:43Speaker 1: has small business is supposed to get twenty three percent. I've
- 10:46Speaker 1: aursued the government thirty five years. I've been told by
- 10:48Speaker 1: my attorneys I hold the record. I've won the most
- 10:51Speaker 1: legal victories against the goverment under the Freedom of Information Act.
- 10:54Speaker 1: And what I've been covered is small business don't get
- 10:57Speaker 1: twenty four percent, thinking about three percent. So if if
- 11:00Speaker 1: the government gave small businesses full twenty three percent, that
- 11:04Speaker 1: would be an additional twenty percent.
- 11:05Speaker 4: According to the.
- 11:06Speaker 1: Senate, that would create two million new jobs a year.
- 11:08Speaker 1: That would virtually double the number new jobs at America.
- 11:12Speaker 1: So that's free, free and easy, no new taxes, non
- 11:15Speaker 1: to spending, double the number of net new jobs just
- 11:18Speaker 1: by complying with the small business activists signed by Eisenhower
- 11:21Speaker 1: Night King fifty three. And so far no president has
- 11:25Speaker 1: done that in forty years. I wish Trump would do it.
- 11:30Speaker 1: I wish Trump would again, would adopt Bobby Kennedy's e
- 11:32Speaker 1: Columbus Student Program, the Small Business and Big middle Class plan,
- 11:36Speaker 1: give small business in full twenty three percent. Here's something
- 11:39Speaker 1: for your female listeners. Women are half of population. They
- 11:43Speaker 1: owned forty two percent the businesses and every year of
- 11:46Speaker 1: your life, Carrie firms on my men have gotten over
- 11:49Speaker 1: ninety fibers of all federal contracts. Women don't know that, right,
- 11:53Speaker 1: So women pay their taxes. In Kennedy's plan, he was
- 11:56Speaker 1: going to give women the goal. By the way, the
- 11:59Speaker 1: federal goal for women on a small business is five percent.
- 12:01Speaker 1: That means men get ninety five. Anyone's going to raise
- 12:03Speaker 1: it up to twenty five, and that seems affair to me.
- 12:07Speaker 1: That would still give firms on my men's sony five
- 12:09Speaker 1: SMaL federal contracts. That would create another two million new jobs.
- 12:14Speaker 1: So if Trump gave legitimate small business of full twenty
- 12:18Speaker 1: three percent hopital contracts, gave women twenty five, that would
- 12:23Speaker 1: triple the number of that new jobs. And that, by
- 12:26Speaker 1: the way, that's the way to make America great. We
- 12:28Speaker 1: got to make America great again. Give more money to
- 12:30Speaker 1: small businesses were all most Americans work, right.
- 12:33Speaker 3: It makes total sense. And uh, you know, like, but
- 12:37Speaker 3: the government likes concentration because when they want to audit
- 12:42Speaker 3: a company, if it's a big company, they only have
- 12:44Speaker 3: to do one audit. If it's an industry that's the
- 12:47Speaker 3: dominated by little companies, then they got to do like
- 12:51Speaker 3: multiple audits. Right.
- 12:52Speaker 1: Yeah, well, you know I have to say that's not
- 12:56Speaker 1: saying I'm knowledgeable on I'll say this. Your listener can
- 13:00Speaker 1: search on a GAO thirty four percent no taxes. So
- 13:05Speaker 1: the governor accountability offosite to report. I think in the
- 13:07Speaker 1: last few months that if now thirty four percent of
- 13:10Speaker 1: the largest most properable companies in America pays zero penal
- 13:13Speaker 1: income tax, that's gets all contracts. So in twenty twenty four,
- 13:18Speaker 1: it looks like the top one tenth of one percent
- 13:21Speaker 1: got ninety five percent of all federal spending. And those companies,
- 13:25Speaker 1: a lot of them don't pay taxes, and they have
- 13:27Speaker 1: created one an job since nineteen eighty. So, you know,
- 13:29Speaker 1: you're the economics expert, imagine what will happen if we
- 13:34Speaker 1: continue to give over ninety five percent of all federal
- 13:37Speaker 1: contracts and spending to this tiny seven of the economy
- 13:40Speaker 1: that doesn't pay taxes and don't create jobs. What do
- 13:43Speaker 1: you think that's going to do over the next ten years?
- 13:44Speaker 3: Carry mm hmm, yeah, well not good, huh unfair advantage?
- 13:50Speaker 1: Right, yeah, well again, I just hope I would love
- 13:54Speaker 1: to talk to President Trump for five minutes in a
- 13:56Speaker 1: zoom call and say, mister President, you know, if you
- 13:59Speaker 1: want to make them Erica great, to get union Stan.
- 14:01Speaker 1: America is ninety nine percent small businesses, ninety percent of
- 14:06Speaker 1: all US firms have lesser high employees. And the people
- 14:09Speaker 1: who voted you in the office are small business owners
- 14:12Speaker 1: and employees. You need to do something.
- 14:13Speaker 4: For them, right.
- 14:15Speaker 1: And again, yeah, he should reopen the SBA and pump
- 14:20Speaker 1: up off all small business programs. But I'll tell you something,
- 14:22Speaker 1: My concern is that's not going to happen when Trump
- 14:25Speaker 1: is elected. In twenty sixteen, when he took office, the
- 14:29Speaker 1: sb budget was the lowest in history, and he cut it.
- 14:31Speaker 4: Again. That's kind of shocking to me, right, But.
- 14:36Speaker 1: Yeah, well again, I hope, I hope that that he's
- 14:40Speaker 1: influenced by Kennedy and Musk and all those people to
- 14:44Speaker 1: become more pro small business. I want Trump to be
- 14:46Speaker 1: the most pro small business president in American history.
- 14:50Speaker 3: Yeah, don't we all want that? Huh?
- 14:53Speaker 1: Yeah, absolutely, it'd be smart.
- 14:55Speaker 3: Yeah. Well, obviously, because every big business to day, for
- 15:00Speaker 3: the most part, started out as a small business.
- 15:02Speaker 1: Right, absolutely, absolutely. Hewlett Packard and Apple were start by
- 15:08Speaker 1: two guys in their garage. I had a roommate when
- 15:12Speaker 1: I was about twenty that was one of the first
- 15:14Speaker 1: employees of Federal Express. That was a little, tiny company,
- 15:17Speaker 1: right and now it's huge. But you know, I saw
- 15:21Speaker 1: a picture of the day in the airport in San
- 15:24Speaker 1: Francisco of the some type of I think it was
- 15:27Speaker 1: the World's Fair Francisco, like in nineteen fifteen. And Lakeheed
- 15:31Speaker 1: Martin got started with these two brothers getting people rides
- 15:35Speaker 1: in their seaplane. That's called Jackey Martin got started. So
- 15:38Speaker 1: Lackie Martin was a small business right following, you know,
- 15:41Speaker 1: same way Boeing U Boying were airplanes were made in
- 15:45Speaker 1: a barn, in a red barn when they started. Right. So,
- 15:47Speaker 1: almost all the big companies in America one time we're
- 15:50Speaker 1: small businesses. Look at the Microsoft that was Bill Jefferson
- 15:54Speaker 1: here like four or five you know kids somewhere right.
- 15:57Speaker 4: So yeah, uh.
- 16:00Speaker 1: Even Amazon at one point in time, Amazon had you know,
- 16:02Speaker 1: less than ten employees.
- 16:04Speaker 3: Right.
- 16:04Speaker 1: By the way, here's the statistic that will surprise you.
- 16:07Speaker 1: The average company in America has ten employees. The average
- 16:11Speaker 1: company in Mayora has ten employees.
- 16:13Speaker 3: Right.
- 16:13Speaker 1: But yeah, America needs to become more pro small business.
- 16:17Speaker 3: All right, So what do you do? How do we
- 16:19Speaker 3: help make this a reality? Here?
- 16:22Speaker 1: Well, I think that people need to educate themselves about
- 16:26Speaker 1: the fact that, you know, ninety nine point nine percent
- 16:28Speaker 1: of all firms are small businesses and if they agree
- 16:31Speaker 1: with me, since small businesses created all the jobs and
- 16:35Speaker 1: pay you know, most of the taxes, we need pro
- 16:38Speaker 1: small bits of programs.
- 16:39Speaker 4: I would encourage people to.
- 16:40Speaker 1: Contact your congressman, your legislators and become pro small business
- 16:44Speaker 1: because my concern is the DEFENSIIT aerospace centers industry is
- 16:49Speaker 1: going to put a lot of pressure on Trump to
- 16:50Speaker 1: close the SPA and wind out in those programs and
- 16:55Speaker 1: that would be horrific if he does, that'd be horrific.
- 16:58Speaker 1: So there's only one agency to support the ninety nine
- 17:00Speaker 1: point nine percent of all your terms that are small businesses.
- 17:03Speaker 1: That's a small administration. That AC needs to be expanded tremendously,
- 17:07Speaker 1: not closed or or you know that tastes of it.
- 17:10Speaker 1: I saw the new chair of the Senate Small Business Committee,
- 17:15Speaker 1: a senator from Iowa, state of SV needs to be streamlined.
- 17:20Speaker 1: That's crazy. It's got the smallest budget in forty years.
- 17:23Speaker 1: Then to be stream and it needs to be exploded.
- 17:25Speaker 1: Right But erchs I think it's a senator Erch from
- 17:29Speaker 1: Iowa is a new chair. But yeah, we need to
- 17:33Speaker 1: become you know, more pro small business. You know, support
- 17:35Speaker 1: small businesses and you know, tell your congressman and your
- 17:39Speaker 1: senators and no matter who you voted for, you need
- 17:42Speaker 1: to become pro small business and do you want to
- 17:44Speaker 1: make America great again? We're when have a strong economy
- 17:47Speaker 1: create jobs, it's going to only be through small businesses.
- 17:51Speaker 3: All right. I love what you're saying. Totally relate to
- 17:54Speaker 3: it because I, like I said, am a small love
- 17:58Speaker 3: business person, always have been my whole life. And just
- 18:03Speaker 3: tell us how we find you, how we connect with
- 18:06Speaker 3: you on the internet.
- 18:07Speaker 1: To Lloyd, all right, follow me on X I've got
- 18:12Speaker 1: a pretty good presence on social media.
- 18:15Speaker 4: Follow me on X.
- 18:16Speaker 1: I post videos all the time, and my website is
- 18:21Speaker 1: asbl dot com. You can see I've been on national
- 18:25Speaker 1: television over twenty five years. You can see a lot
- 18:27Speaker 1: of about TV appairss on Lloyd shopping dot com. At
- 18:30Speaker 1: My new project to help women small businesses is Don't
- 18:33Speaker 1: Cheat Women dot com?
- 18:34Speaker 3: All right, Don't Cheat Women dot com links in the
- 18:36Speaker 3: show notes this interview on Financial Survival Network dot com.
- 18:40Speaker 3: You got a question for Lloyd myself, email Klatcarrie Lutz
- 18:44Speaker 3: dot com. While you're there on the site on Financial
- 18:49Speaker 3: Survival Network dot com. We just asked that you sign
- 18:52Speaker 3: up for your free newsletter, like sixty seven thousand other
- 18:56Speaker 3: FSN numbers have and Lloyd appreciate you coming on. We'll
- 19:00Speaker 3: definitely talk to you again.
- 19:01Speaker 1: Gary, thanks for having me SHOWE. I love your show.
- 19:03Speaker 4: Carrie, keep it up, you're doing a great job.
- 19:05Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network your
- 19:10Speaker 2: solution to today's trying times. For the latest, go to
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