(MEDFORD, MA) “Never interrupt your enemy when he is making a mistake.”
Napoleon Bonaparte’s maxim may well have been in the minds of policymakers in Moscow and Beijing these past weeks, as the U.S. war in Iran dragged on. And now that a 14-day ceasefire between Tehran and Washington is in effect – with both sides claiming “victory” – Russian and Chinese leaders still have an opportunity to profit from what many see as America’s latest folly in the Middle East.
kAm%9C@F89@FE E96 H66<D=@?8 4@?7=:4E[ k2 9C67lQ9EEADi^^E964@?G6CD2E:@?]4@>^49:?2D\>FE65\C6DA@?D6\@G6C\H2C\:?\:C2?\C67=64ED\36:;:?8D\56=:42E6\42=4F=FD\2D\2\4@?46C?65\@?=@@<6C\affdfhQmr9:?2k^2m 2?5 k2 9C67lQ9EEADi^^E964@?G6CD2E:@?]4@>^9@H\E96\F\D\:DC26=\2EE24<\@?\:C2?\96=AD\CFDD:2\:?\:ED\H2C\282:?DE\F<C2:?6\afffacQm#FDD:2k^2m DECF4< 2 56=:42E6 32=2?46] q@E9 564=:?65 E@ 8:G6 xC2? – D66? E@ 2 k2 9C67lQ9EEADi^^HHH]8>7FD]@C8^?6HD^49:?2\:C2?\C6=2E:@?D\EC2?D24E:@?2=\@C\DEC2E68:4QmG2CJ:?8 568C66k^2m 2D 2? k2 9C67lQ9EEADi^^HHH]?JE:>6D]4@>^a_ae^_c^`_^@A:?:@?^AFE:?\CFDD:2\:C2?]9E>=Qm2==Jk^2m @7 3@E9 ?2E:@?D – E96:C 7F==\E9C@2E65 DFAA@CE @C D:?< 2?J C62= 4@DED :?E@ E96 4@?7=:4E]k^Am
kAmx?DE625[ E96J @AE65 7@C =:>:E65 2DD:DE2?46 :? E96 7@C> @7 k2 9C67lQ9EEADi^^HHH]H2D9:?8E@?A@DE]4@>^?2E:@?2=\D64FC:EJ^a_ae^_b^_e^CFDD:2\:C2?\:?E6==:86?46\FD\E2C86ED^QmD>2==\D42=6 :?E6==:86?46k^2m 2?5 k2 9C67lQ9EEADi^^F?]49:?2\>:DD:@?]8@G]4?^6?8^49:?22?5F?^a_ad`_^Ea_ad`_`c0``fbaaa`]9E>Qm5:A=@>2E:4 DFAA@CEk^2m]k^Am
kAmpD 2 k2 9C67lQ9EEADi^^2D]EF7ED]65F^A@=:E:42=D4:6?46^A6@A=6^724F=EJ^;677C6J\E2=:276CC@QmD49@=2C @7 :?E6C?2E:@?2= D64FC:EJ 2?5 8C62E A@H6C A@=:E:4Dk^2m x 36=:6G6 E92E :D 7@C 8@@5 C62D@?] q6:;:?8 2?5 |@D4@H H6C6 7F==J 2H2C6 E92E xC2? 4@F=5 ?@E “H:?” 282:?DE E96 4@>3:?65 >:=:E2CJ >:89E @7 E96 &?:E65 $E2E6D 2?5 xDC26=] #2E96C[ xC2? ;FDE ?66565 E@ DFCG:G6 E@ D6CG6 E96 :?E6C6DED @7 (2D9:?8E@?’D >2:? 86@A@=:E:42= C:G2=D]k^Am
kAmq6=@H 2C6 7@FC H2JD :? H9:49 E96 &]$] H2C :? xC2? 92D 52>2865 (2D9:?8E@?’D A@D:E:@? :? E96 8C62E A@H6C C:G2=C:6D @7 E96 a`DE 46?EFCJ]k^Am
k9am`] {@D:?8 E96 :?7=F6?46 H2C :? E96 |:55=6 t2DEk^9am
kAmpD x 6IA=@C6 :? >J 3@@< “k2 9C67lQ9EEADi^^5@:]@C8^`_]`_hb^@D@^hfg_`h_hbhb_c]__`]___`Qms676?5:?8 uC6?6>:6Dk^2m[” E96 &]$] 92D =@?8 DECF88=65 E@ 32=2?46 4@>A6E:?8 @3;64E:G6D :? E96 |:55=6 t2DE] sFC:?8 E96 r@=5 (2C[ E9:D >62?E =:>:E:?8 E96 k2 9C67lQ9EEADi^^HHH]4:2]8@G^C625:?8C@@>^5@4D^rxp\#s!gf%__fgf#___c__cc___`\c]A57Qm$@G:6E &?:@?’D :?7=F6?46k^2m :? E96 C68:@?[ H9:=6 4@?E6?5:?8 H:E9 E96 56G6=@A>6?E @7 ?F4=62C H62A@?D 3J EH@ EC@F3=6D@>6 2==:6D[ xDC26= 2?5 !2<:DE2?]k^Am
kAmqJ E96 a_a_D[ E96 AC:@C:E:6D :? (2D9:?8E@? H6C6 2:>65 2E C6DEC:4E:?8 E96 k2 9C67lQ9EEADi^^HHH]C2?5]@C8^4@?E6?E^52>^C2?5^AF3D^C6D62C490C6A@CED^##pb__^##pbad\`^#p}s0##pbad\`]A57Qm:?7=F6?46 @7 E96 &]$]’D 8C62E A@H6C C:G2=Dk^2m – r9:?2 2?5 E@ 2 =6DD6C 568C66 #FDD:2 – :? E96 |:55=6 t2DE]k^Am
k7:8FC6mk:>8 2=ElQ%9C66 >66E 8C66E 6249 @E96C :? 5:A=@>2E:4 D6EE:?8]Q DC4lQ9EEADi^^:>286D]E964@?G6CD2E:@?]4@>^7:=6D^fahaab^@C:8:?2=^7:=6\a_ae_c`_\`_`\H:<22f];A8n:I=:3lC3\c]`]_U2>AjBlcdU2>Aj2FE@l7@C>2EU2>AjHlfc_U2>Aj7:El4=:AQ ^mk7:842AE:@?m#FDD:2?[ r9:?6D6 2?5 xC2?:2? 5:A=@>2ED 92G6 2 4@?723 :? a_ad :? q6:;:?8] k2 9C67lQ9EEADi^^?6HDC@@>]2A]@C8^56E2:=^&}xC2?}F4=62C^_bbg44562g2cc5`f3efaeh2`gg5aeb6`^A9@E@Qm{:?E2@ +92?8^!@@= !9@E@ G:2 p!k^2mk^7:842AE:@?mk^7:8FC6m
kAm*6E F?56C !C6D:56?ED ): y:?A:?8 2?5 '=25:>:C !FE:?[ r9:?2 2?5 #FDD:2 92G6 D@F89E E@ k2 9C67lQ9EEADi^^>@56C?5:A=@>24J]6F^a_ae^_`^b_^AFE:?\D66<D\E@\3@=DE6C\CFDD:2\2C23\DEC2E68:4\E:6D\:?\<C6>=:?\E2=<D^Qm:?4C62D6 E96:C 7@@EAC:?Ek^2m k2 9C67lQ9EEADi^^>6:]65F^AF3=:42E:@?^49:?2D\>@56=\@7\A@H6C\AC@;64E:@?\:?\E96\>:55=6\62DE^Qm:? E96 C68:@?k^2m E9C@F89 2 G2C:6EJ @7 7@C>2= 2==:2?46D 2?5 :?7@C>2= >62DFC6D]k^Am
kAmu@C #FDD:2[ E9:D E@@< E96 7@C> @7 2=:8?:?8 H:E9 xC2?[ H9:=6 2=D@ A2CE?6C:?8 H:E9 %69C2? E@ k2 9C67lQ9EEADi^^HHH]334]4@>^?6HD^?6HD362E\bhddc`f`QmAC@A FA E96 ?@H\@FDE65 C68:>6 @7 !C6D:56?E q2D92C pDD25k^2m 5FC:?8 E96 $JC:2? 4:G:= H2C] |62?H9:=6[ r9:?2 :?4C62D65 :ED 5:A=@>2E:4 AC@7:=6 :? E96 |:55=6 t2DE[ ?@E23=J 3J k2 9C67lQ9EEADi^^5@:]@C8^`_]`_g_^`hccghdb]a_ad]addf`ehQm24E:?8 2D 2 >65:2E@Ck^2m 2D $2F5: pC23:2 2?5 xC2? C6DE@C65 5:A=@>2E:4 E:6D :? a_ab]k^Am
kAm%96 :C@?J @7 E96 =2E6DE xC2? H2C :D E92E :E 7@==@HD 2 A6C:@5 :? H9:49 4:C4F>DE2?46D H6C6 F?72G@C23=6 E@ #FDD:2? 2?5 r9:?6D6 2:>D @7 :?4C62D:?8 E96:C :?7=F6?46 :? E96 |:55=6 t2DE]k^Am
kAm%96 k2 9C67lQ9EEADi^^HHH]E962E=2?E:4]4@>^:?E6C?2E:@?2=^a_ae^_a^2DD25\DJC:2\C68:>6\@G6CE9C@H^egdggb^Qm72== @7 pDD25 :? s646>36C a_ack^2m 56AC:G65 #FDD:2 @7 :ED @?6 C6=:23=6 2==J :? E96 C68:@?] p?5 k2 9C67lQ9EEADi^^65:E:@?]4??]4@>^a_ad^_d^`e^>:55=662DE^H92E\8F=7\2C23\DE2E6D\8@E\@FE\@7\ECF>AD\G:D:E\:?E=Qm%CF>A’D |2J a_ad E@FC @7 E96 vF=7 DE2E6Dk^2m[ :? H9:49 96 D64FC65 >2;@C E649?@=@8J 2?5 64@?@>:4 562=D H:E9 $2F5: pC23:2[ E96 &?:E65 pC23 t>:C2E6D[ "2E2C 2?5 q29C2:?[ H2D 2:>65 2E 4@F?E6C:?8 r9:?2’D 8C@H:?8 64@?@>:4 2?5 k2 9C67lQ9EEADi^^E964@?G6CD2E:@?]4@>^ECF>AD\>:55=6\62DE\A:G@E\2:>D\E@\4@F?E6C\49:?2D\C:D:?8\:?7=F6?46\adfbeenFE>0>65:F>l2CE:4=604=:A3@2C50D92C6U2>AjFE>0D@FC46lE964@?G6CD2E:@?]4@>Qm5:A=@>2E:4 :?7=F6?46 :? E9@D6 4@F?EC:6Dk^2m]k^Am
kAm(:E9 (2D9:?8E@? A6C46:G65 2D 2? k2 9C67lQ9EEADi^^E964@?G6CD2E:@?]4@>^E2C86E:?8\@7\6?6C8J\724:=:E:6D\EFC?65\:C2?\H2C\:?E@\H@CDE\42D6\D46?2C:@\7@C\8F=7\DE2E6D\afgfb_Qm:?4C62D:?8=J F?C6=:23=6 AC@E64E@Ck^2m[ E96 vF=7 DE2E6D >2J D66< k2 9C67lQ9EEADi^^7@C6:8?A@=:4J]4@>^a_ae^_b^`h^:C2?\H2C\ECF>A\8F=7\:DC26=\:D=2>:4\C6AF3=:4^Qm8C62E6C D64FC:EJ 2?5 64@?@>:4 4@@A6C2E:@?k^2m 6=D6H96C6]k^Am
k9ama] %2<:?8 &$ 6J6D @77 @E96C DEC2E68:4 8@2=Dk^9am
kAmx? 6IA2?5:?8 >:=:E2CJ[ 5:A=@>2E:4 2?5 64@?@>:4 E:6D :? E96 |:55=6 t2DE[ #FDD:2 2?5 r9:?2 @G6C E96 A2DE EH@ 564256D H6C6 6IA=@:E:?8 2 56D:C6 3J (2D9:?8E@? E@ k2 9C67lQ9EEADi^^HHH]3C@@<:?8D]65F^2CE:4=6D^E96\2>6C:42?\A:G@E\E@\2D:2^Qm>@G6 :ED 2DD6ED 2?5 2EE6?E:@? 2H2Jk^2m 7C@> E96 C68:@? 7@==@H:?8 EH@ k2 9C67lQ9EEADi^^E964@?G6CD2E:@?]4@>^42=4F=2E:?8\E96\4@DED\@7\E96\27892?:DE2?\H2C\:?\=:G6D\5@==2CD\2?5\J62CD\`ecdggQm4@DE=J H2CD :? xC2B 2?5 p7892?:DE2?k^2m]k^Am
kAm%CF>A’D 564:D:@? E@ H286 H2C 282:?DE xC2? 5:C64E=J 4@?EC25:4ED E96 k2 9C67lQ9EEADi^^HHH]H9:E69@FD6]8@G^HA\4@?E6?E^FA=@25D^a_ad^`a^a_ad\}2E:@?2=\$64FC:EJ\$EC2E68J]A57Qm?2E:@?2= D64FC:EJ DEC2E68Jk^2m 9:D 25>:?:DEC2E:@? C6=62D65 :? }@G6>36C a_ad] p44@C5:?8 E@ E96 DEC2E68J[ E96 25>:?:DEC2E:@? H@F=5 AC:@C:E:K6 E96 (6DE6C? w6>:DA96C6 2?5 k2 9C67lQ9EEADi^^7@C6:8?A@=:4J]4@>^a_ae^_b^ae^2D:2\A24:7:4\ECF>A\A:G@E\;2A2?\49:?2\5676?D6^QmE96 x?5@\!24:7:4k^2m[ H9:=6 E96 |:55=6 t2DE’D :>A@CE2?46 “H:== C64656]”k^Am
kAmx? k2 9C67lQ9EEADi^^HHH]?JE:>6D]4@>^a_ae^_c^_f^FD^A@=:E:4D^ECF>A\:C2?\H2C]9E>=nD>:5lFC=\D92C6Qm4@\=2F?49:?8 2 H2C :? %69C2?k^2m H:E9 xDC26=[ H:E9@FE 2?J AC:@C 4@?DF=E2E:@? H:E9 (2D9:?8E@?’D @E96C 2==:6D[ %CF>A 92D D9@H? 2 4@>A=6E6 5:DC682C5 7@C E96:C DEC2E68:4 2?5 64@?@>:4 4@?46C?D] }p%~[ 2=C625J C:G6? 3J %CF>A’D C6A62E65 E9C62ED E@ E96 2==:2?46 2?5 56D:8?D @? vC66?=2?5[ k2 9C67lQ9EEADi^^HHH]?JE:>6D]4@>^a_ae^_c^_h^FD^A@=:E:4D^ECF>A\:C2?\?2E@\CFEE6]9E>=Qm92D ?@H D9@H? 7FCE96C D:8?D @7 :?E6C?2= 5:G:D:@?Dk^2m]k^Am
kAm%92E @776CD 36?67:ED 7@C r9:?2 2?5 #FDD:2[ H9:49 92G6 =@?8 D@F89E E@ 42A:E2=:K6 @? 4C24<D 36EH66? p>6C:42 2?5 :ED 2==:6D]k^Am
kAm%96 :C@?J[ 282:?[ :D E92E E96 H2C :? xC2? 42>6 2D %CF>A’D G:D:@? @7 E96 &]$] 2D E96 9686>@?:4 A@H6C :? E96 (6DE6C? w6>:DA96C6 H2D >2<:?8 25G2?46D] x?E6C?2E:@?2= =2H 2?5 =68:E:>24J 4@?46C?D 2D:56[ (2D9:?8E@? k2 9C67lQ9EEADi^^E964@?G6CD2E:@?]4@>^367@C6\G6?6KF6=2D\@:=\E96C6\H6C6\8F2E6>2=2D\32?2?2D\afahfbQm925 @FDE65 2 E9@C? :? :ED D:56k^2m H:E9 }:4@=áD |25FC@ :? '6?6KF6=2 2?5 C6A=2465 9:> H:E9 2 >@C6 4@>A=:2?E =6256C]k^Am
k9amb] s:DAC@A@CE:@?2E6 64@?@>:4 72==@FEk^9am
kAmxC2?’D 4=@DFC6 @7 E96 $EC2:E @7 w@C>FK[ H96C6 k2 9C67lQ9EEADi^^HHH]3C@@<:?8D]65F^2CE:4=6D^H9J\:C2?D\5:DCFAE:@?\@7\E96\DEC2:E\@7\9@C>FK\>2EE6CD^QmD@>6 a_T @7 E96 H@C=5’D @:= A2DD6Dk^2m[ H2D 2D AC65:4E23=6 2D :E H2D 56DECF4E:G6 7@C &]$] :?E6C6DED]k^Am
kAmqFE 7@C #FDD:2[ E9:D >62?E 9:896C @:= AC:46D E92E 3@@DE65 :ED H2C 64@?@>J] xE 2=D@ =65 E@ E96 k2 9C67lQ9EEADi^^HHH]D6>27@C]4@>^2CE:4=6^_c^_g^a_ae^ECF>A\25>:?:DEC2E:@?\6IA64E65\E@\<66A\H2:G:?8\D2?4E:@?D\@?\CFDD:2?\@:=\2D\:C2?\42==\=@@>DQmE6>A@C2CJ 3FE @?8@:?8k^2m 62D:?8 @7 &]$] D2?4E:@?D[ H9:49 92D AC@G:565 |@D4@H 2? :?5:DA6?D23=6 =:76=:?6 27E6C J62CD @7 64@?@>:4 AC6DDFC6 @G6C E96 H2C :? &<C2:?6]k^Am
kAm(9:=6 2 AC@=@?865 4=@DFC6 2?5 6IE6?D:G6 52>286 E@ @:= 2?5 ?2EFC2= 82D :?7C2DECF4EFC6 :? xC2? 2?5 E96 vF=7 DE2E6D ?@ 5@F3E 9FCED r9:?2’D k2 9C67lQ9EEADi^^HHH]7@C6:8?2772:CD]4@>^49:?2^H92E\:C2?\H2C\>62?D\49:?2Qm6?6C8J D64FC:EJ 2?5 64@?@>Jk^2m[ E96D6 H6C6 C:D<D ): 2AA62CD H:==:?8 E@ 2446AE[ 2E =62DE 7@C 2 E:>6]k^Am
kAmp?5 3J 3F:=5:?8 FA 2 5@>6DE:4 @:= C6D6CG6 2?5 5:G6CD:7J:?8 6?6C8J D@FC46D E@ :?4=F56 D@=2C[ 6=64EC:4 32EE6C:6D 2?5 4@2=[ r9:?2 :D 72C 36EE6C A@D:E:@?65 E@ H62E96C 2 AC@=@?865 8=@32= k2 9C67lQ9EEADi^^HHH]?JE:>6D]4@>^a_ae^_c^_e^3FD:?6DD^49:?2\@:=\D9@4<\:C2?\H2C]9E>=nD>:5lFC=\D92C6Qm6?6C8J 4C:D:D E92? E96 &]$k^2m] x?5665[ q6:;:?8 92D >256 DEC:56D :? C646?E J62C E@ k2 9C67lQ9EEADi^^E964@?G6CD2E:@?]4@>^E@\DFDE2:?\AC@DA6C:EJ\2D\:ED\A@AF=2E:@?\D9C:?<D\49:?2\H:==\92G6\E@\:?G6DE\3:8\2E\9@>6\afbghcQm6?4@FC286 5@>6DE:4 4@?DF>AE:@?k^2m 2D 2 D@FC46 @7 64@?@>:4 8C@HE9[ C2E96C E92? 36 D@ C6=:2?E @? 8=@32= EC256] %92E >2J 92G6 8:G6? r9:?2 D@>6 AC@E64E:@? 5FC:?8 E96 8=@32= 64@?@>:4 D9@4< 42FD65 3J E96 xC2? H2C[ 2D H6== 2D AFD9 E96 64@?@>J 7FCE96C 5@H? :ED @H? EC24<]k^Am
kAm%96 >@C6 E96 &]$] =@D6D 4@?EC@= @G6C 6G6?ED :? E96 DEC2:E[ E96 >@C6 :E =@D6D :?7=F6?46 :? E96 C68:@? – 6DA64:2==J 2D xC2? k2 9C67lQ9EEADi^^HHH]?JE:>6D]4@>^a_ae^_c^`_^H@C=5^>:55=662DE^DEC2:E\9@C>FK\:C2?\D9:AD\@:=]9E>=Qm2AA62CD E@ 36 A=24:?8 C6DEC:4E:@?Dk^2m @? D9:AD 7C@> F?7C:6?5=J ?2E:@?D]k^Am
k7:8FC6mk:>8 2=ElQ%9C66 >6? 8C66E 5FC:?8 2 5:A=@>2E:4 >66E:?8]Q DC4lQ9EEADi^^:>286D]E964@?G6CD2E:@?]4@>^7:=6D^fahaae^@C:8:?2=^7:=6\a_ae_c`_\df\7e<>c8];A8n:I=:3lC3\c]`]_U2>AjBlcdU2>Aj2FE@l7@C>2EU2>AjHlfc_U2>Aj7:El4=:AQ ^mk7:842AE:@?mr9:?2’D 7@C>6C 7@C6:8? >:?:DE6C =@@<D @? 2D xC2?:2? 2?5 $2F5: 5:A=@>2ED D92<6 92?5D 5FC:?8 q6:;:?8\>65:2E65 E2=<D :? a_ab] k2 9C67lQ9EEADi^^?6HDC@@>]2A]@C8^56E2:=^r9:?2$2F5:pC23:2\xC2?^2a35afbd6g_dcc3eh4bf75`b567g25``^A9@E@QmxC2?:2? u@C6:8? |:?:DECJ G:2 p!k^2mk^7:842AE:@?mk^7:8FC6m
k9amc] {@DD @7 8=@32= =6256CD9:Ak^9am
kAm%CF>A’D k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^ECF>A\:C2?\2J2E@==29\<92>6?6:\25gdb54`5de_e75ha_a3ed2fd35374a7QmH:==:?8?6DD E@ 232?5@? E2=<D E@ 8@ E@ H2Ck^2m[ 2?5 E96 k2 9C67lQ9EEADi^^HHH]C6FE6CD]4@>^H@C=5^>:55=6\62DE^9@H\ECF>AD\DE2E65\C62D@?D\8@2=D\E:>6=:?6\:C2?\H2C\92G6\D9:7E65\a_ae\_b\a_^Qm4@?EC25:4E@CJ C96E@C:4k^2m 96 92D 6>A=@J65 E9C@F89@FE E96 xC2? 4@?7=:4E[ 92D H62<6?65 E96 A6C46AE:@? @7 E96 &]$] 2D 2? 9@?6DE 3C@<6C]k^Am
kAm%92E AC@G:56D 2 >2DD:G6 D@7E A@H6C 3@@DE 7@C q6:;:?8] xE H2D k2 9C67lQ9EEADi^^HHH]?JE:>6D]4@>^a_ae^_c^_g^H@C=5^2D:2^49:?2\:C2?\462D6\7:C6]9E>=nD>:5lFC=\D92C6Qmr9:?2 E92E AC6DD65 xC2?k^2m E@ 2446AE E96 `c\52J 462D67:C6 AC@A@D2= 3C@<6C65 3J !2<:DE2?] x?5665[ r9:?2 92D D=@H=J 49:AA65 2H2J 2E p>6C:42’D =@?8E:>6 DE2EFD 2D 8=@32= >65:2E@C @7 7:CDE C6D@CE]k^Am
kAmq6:;:?8 92D k2 9C67lQ9EEADi^^HHH]E2?57@?=:?6]4@>^5@:^7F==^`_]`_g_^`hccghdb]a_ad]addf`ehQmDF446DD7F==J >65:2E65k^2m :? E96 A2DE 36EH66? xC2? 2?5 $2F5: pC23:2[ 2?5 :E k2 9C67lQ9EEADi^^HHH]?JE:>6D]4@>^a_ab^_a^ac^H@C=5^2D:2^49:?2\CFDD:2\F<C2:?6\H2C]9E>=nD>:5lFC=\D92C6Qm2EE6>AE65 E@ 5@ E96 D2>6k^2m H:E9 #FDD:2 2?5 &<C2:?6 2?5 k2 9C67lQ9EEADi^^HHH]?JE:>6D]4@>^a_ab^_e^`c^H@C=5^2D:2^49:?2\>29>@F5\2332D\I:\;:?A:?8]9E>=nD>:5lFC=\D92C6QmxDC26= 2?5 E96 !2=6DE:?:2?Dk^2m]k^Am
kAmx? 86?6C2=[ E96 xC2? H2C 255D H6:89E E@ q6:;:?8’D H@C=5G:6H E92E E96 &]$]\=65 k2 9C67lQ9EEADi^^HHH]2=;2K66C2]4@>^?6HD^a_ae^`^a`^E96\6?5\@7\E96\H@C=5\2D\H6\<?@H\:E\:D\E96\CF=6D\32D65\@C56C\7:?:D965Qm=:36C2= :?E6C?2E:@?2= @C56C :D @G6Ck^2m] tG6? :7 r9:?2 36?67:E65 2E D@>6 =6G6= 7C@> E96 H2C 4@?E:?F:?8[ :ED 564:D:@? E@ 96=A 3C@<6C E96 462D67:C6 D9@HD E92E r9:?2 :D :?4C62D:?8=J E2<:?8 @? E96 >2?E=6 @7 8=@32= =6256CD9:A E92E E96 &]$] FD65 E@ @H?]k^Am
kAmp?5 7@C #FDD:2[ E96 xC2? H2C 2?5 E96 CFAEFC6 36EH66? %CF>A 2?5 p>6C:42’D }p%~ 2==:6D @G6C E96:C =24< @7 DFAA@CE 7@C :E[ D9:7E H@C=5 2EE6?E:@? 2?5 &]$] :?G@=G6>6?E 7C@> E96 H2C :? &<C2:?6]k^Am
kAmk6>m%9:D 2CE:4=6 :D C6AF3=:D965 7C@> k2 9C67lQ9EEAi^^E964@?G6CD2E:@?]4@>^FDnFE>0D@FC46l{66U2>AjFE>0>65:F>lC6=2E65\=:?<U2>AjFE>042>A2:8?lC6=2E65\=:?<\_U2>AjFE>04@?E6?El2CE:4=6\afh_ehQm%96 r@?G6CD2E:@?k^2m[ 2 ?@?AC@7:E[ :?56A6?56?E ?6HD @C82?:K2E:@? 3C:?8:?8 J@F 724ED 2?5 ECFDEH@CE9J 2?2=JD:D E@ 96=A J@F >2<6 D6?D6 @7 @FC 4@>A=6I H@C=5] xE H2D HC:EE6? 3Ji k2 9C67lQ9EEADi^^E964@?G6CD2E:@?]4@>^AC@7:=6D^;677C6J\E2=:276CC@\aeba`_enFE>0D@FC46l{66U2>AjFE>0>65:F>lC6=2E65\=:?<U2>AjFE>042>A2:8?l3J=:?6\=:?<U2>AjFE>04@?E6?El2CE:4=6\afh_ehQmy677C6J %2=:276CC@k^2m[ k6>mk2 9C67lQ9EEADi^^E964@?G6CD2E:@?]4@>^:?DE:EFE:@?D^EF7ED\F?:G6CD:EJ\`_acnFE>0D@FC46l{66U2>AjFE>0>65:F>lC6=2E65\=:?<U2>AjFE>042>A2:8?l3J=:?6\=:?<U2>AjFE>04@?E6?El2CE:4=6\afh_ehQm%F7ED &?:G6CD:EJk^2mk^6>mk^6>mk^Am
kAmkDEC@?8m#625 >@C6ik^DEC@?8mk^Am
kF=mk=:mk2 9C67lQ9EEAi^^E964@?G6CD2E:@?]4@>^27E6C\462D67:C6\?68@E:2E:?8\2\=2DE:?8\562=\H:E9\:C2?\H@F=5\C6BF:C6\@G6C4@>:?8\C68:@?2=\C:G2=C:6D\2?5\DEC2E68:4\:?4@96C6?46\ag_acbnFE>0D@FC46l{66U2>AjFE>0>65:F>lC6=2E65\=:?<U2>AjFE>042>A2:8?lC6=2E65\=:?<_U2>AjFE>04@?E6?El2CE:4=6\afh_ehQmp7E6C 462D67:C6[ ?68@E:2E:?8 2 =2DE:?8 562= H:E9 xC2? H@F=5 C6BF:C6 @G6C4@>:?8 C68:@?2= C:G2=C:6D 2?5 DEC2E68:4 :?4@96C6?46k^2mk^=:mk=:mk2 9C67lQ9EEAi^^E964@?G6CD2E:@?]4@>^FD\2?5\:C2?\2\3C:67\9:DE@CJ\@7\9@H\564256D\@7\>:DECFDE\2?5\325\3=@@5\=65\E@\@A6?\H2C72C6\afhf`anFE>0D@FC46l{66U2>AjFE>0>65:F>lC6=2E65\=:?<U2>AjFE>042>A2:8?lC6=2E65\=:?<`U2>AjFE>04@?E6?El2CE:4=6\afh_ehQm&$ 2?5 xC2?i p 3C:67 9:DE@CJ @7 9@H 564256D @7 >:DECFDE 2?5 325 3=@@5 =65 E@ @A6? H2C72C6k^2mk^=:mk=:mk2 9C67lQ9EEAi^^E964@?G6CD2E:@?]4@>^ECF>AD\56D:C6\E@\F?\F?:E6\CFDD:2\2?5\49:?2\:D\F?=:<6=J\E@\H@C<\:?\724E\:E\4@F=5\H6==\324<7:C6\adaacbnFE>0D@FC46l{66U2>AjFE>0>65:F>lC6=2E65\=:?<U2>AjFE>042>A2:8?lC6=2E65\=:?<aU2>AjFE>04@?E6?El2CE:4=6\afh_ehQm%CF>A’D 56D:C6 E@ ‘F?‑F?:E6’ #FDD:2 2?5 r9:?2 :D F?=:<6=J E@ H@C< – :? 724E[ :E 4@F=5 H6== 324<7:C6k^2mk^=:mk^F=m
kA 4=2DDlQ7:?6\AC:?EQmk6>mkDA2?my677C6J %2=:276CC@ 5@6D ?@E H@C< 7@C[ 4@?DF=E[ @H? D92C6D :? @C C646:G6 7F?5:?8 7C@> 2?J 4@>A2?J @C @C82?:K2E:@? E92E H@F=5 36?67:E 7C@> E9:D 2CE:4=6[ 2?5 92D 5:D4=@D65 ?@ C6=6G2?E 277:=:2E:@?D 36J@?5 E96:C 24256>:4 2AA@:?E>6?E]k^DA2?mk^6>mk^Am
kAmk:>8 DC4lQ9EEADi^^4@F?E6C]E964@?G6CD2E:@?]4@>^4@?E6?E^afh_eh^4@F?E]8:7n5:DEC:3FE@Cl=66Q DEJ=6lQ96:89Ei`AIjH:5E9i`AIjQ 2=ElQQ ^mk^Am
