You are on page 1of 12

&(

1NFEI$8AJMEAG>KA
'%&&

7.;089*

-.

-.7.,/5

*3+0.49*2

-EKA?MIK
G~jkfi :( <X]]\iXkkX (
,IGEMS ,IHLNFMEOI 4=?EIH=F
Afie\if
F( ;`Y`cfe`& <Xicfj :( ;fkXjj`& Cfi^\ :( ?iXeqX&
Cfi^\ F( @Xc[j& Bj`[fif A( @fc[\eY\i^& ?\c`g\ @feq}c\q :iqXZ&
>[lXi[f
I( C`d~e\q& :[X K( D\d\cdXa\i
[\ <XiclZZ`& ;\Xki`q Difd&
=Xe`\c A( EX^f& K`ZXi[f E( Efi\eq\kk`& GXiZ`jf C( El^fe\j&
KXc FX[l\f&
Cfi^\ Ffjj\k
BkliiXjg\& E\feXi[f
?( IXjkfi`ef&
>[lXi[f
:( I`^i\kk`& =Xe`\c :( LXYjXp& FXi`f ?( OXccj&
:p[~\O}qhl\q
O`ccXi&ClXe Kf[i`^f PXcj_& M\f[fiX SXdl[`f

7AOELM=
@A

-.7.,/5
*3+0.49*2
-I?MKEH=!1NKELJKN@AH?E=!
2ACELF=?EUH
P 6KR?ME?=

,IGEMS ,IHLNFMEOI0HMAKH=?EIH=F

NeXglYc`ZXZ`e[\
*>AFA@I6AKKIM 8*

:m( <XccXf.+*& g`jf -v


$<B*,,::K%&
;l\efj
:`i\j&
:i^\ek`eX

:ekfe`f A( ;\eaXd`e $;iXj`c%&L`cm`X<Xg\cc` $;iXj`c%&FXel\c <XjkXfe


[\c OXcc\$>jgXX%&L`cm`XCXhl\ef[
Sjf^fe $>jgXX%&IXlcf :]]fejf
E\d\ FXZ_X[f $;iXj`c%&G\]`kf Eg\q KXdfj $F~o`Zf%&K`ZXi[f F\icf
$IXiX^lXp%&OcX[`d`i IXjjfj
[\ ?i\`kXj $;iXj`c%&Cfj~ :ekfe`f I\c}\q
;Xi[Xc\j
$I\i%& F`Z_\c Ii`\li
$?iXeZ`X%&
:hl`c`ef O}qhl\q @XiZX
$F~o`Zf%&KfjjXeX L`cmXK\g\kkf $IGNF:%

-EKA?MIK)
4SLMIK*# ,=BBAK=MF=

7ALJIHL=>FAL@ARKA=

:lifiX
;\jXc
IXib`ejfe
$=Xf :dY`\ekXc%
@XYi`\cX E( ;fi[\cf`j
[\ Kfjj` $=\i\Z_f :[d`e`jkiXk`mf
:dY`\ekXc%
-EKA?MIK.@EMIKE=F <Xicfj <Xdgj $=\i\Z_f
IifZ\jXc :dY`\ekXc%
:c\aXe[if I( ?(Mlq`f
?\ieXe[f
=Xq <Xeke $=\i\Z_f I\eXc :dY`\ekXc%
:dY`\ek\%
.@EMIK IXYcf :( cXee\ccf $>ZfefdX g F\[`f
E\Xe[if M(EQSVYUS^
;XiXjj`
:eYXc ?XcYf $:ZklXc`[X[ :dY`\ekXc [\ cXgifm`eZ`X [\ ;l\efj
:`i\j%
:c`Z`X FfiXc\j EXdY\ik` $:ZklXc`[X[ :dY`\ekXc [\ cXgifm`eZ`X [\ <i[fYX%
7A@=??EUH
FXli`Z`f I`ekf $:ZklXc`[X[ :dY`\ekXc [\ cXgifm`eZ`X [\ F\e[fqX%
IXYcf @(@c`\ieXee
=Xe`\c ?( Lfi`X $=\i\Z_f
NiYXejk`Zf%
FX^^`\ Elq O`[\cX $M~Ze`ZX:dY`\ekXc%
BLLG+2/+'++32

u
h

(((
h
n
U[
;[3

(1J%*>AFA@I6AKKIM

T4-0,.8

?HHC3*1.*&**21

Mf[fj cfj [\i\Z_fj


i\j\imX[fj
k :Y\c\[fI\iifk
L(:(

qC:?9;

=;C;G7A

:D9IG?C7
EX\mXclXZ`e XdY`\ekXc \jkiXk~^`ZX& gfi @NLM:OH
KBG:E=B

@JG?HEGJ:;C9?7
=`i\ZZ`e& X[d`e`jkiXZ`e p i\[XZZ`e
<XccXf-*)% -v g`jf
M\ (4#.-&**$ .+,/&11)) &?Xo(4#.-&**$ .+,2&*11*

O\ekXj
MXcZX_lXef-2- &?U['3#.-&**$ .+,.&)),)
MXcZX_lXef/.) &?U['3#.-&**$ .+,.&2/+)
?`^l\ifX :cZfikX ++/, &?U['3#.-&**$-1),&+-/1
?Xo(4#.-&**$ .+,/&12,2
Zc`\ek\j9XY\c\[fg\iifk(Zfd
;l\efj
:`i\j ' :i^\ek`eX

4FDIO FLEFP^SJTO
hl\ FSTBCLFDF
LBLFX++( 1,-(
5MPRFSO
FN LB/RHFNTJNB&
;RJNTFEJN/RHFNTJNB&

7CDI7:7

-AKA?DI =G>EAHM=F#
Ii`eZ`g`fj gifZ\jXc\j
' Ii`eZ`g`f gi\ZXlkfi`f
' :dgXif
'
:^ifhld`Zfj
p gcX^l`Z`[Xj ' Mfo`Z`[X[ [\c ^c`]fjXkf $<(:g\c& <`m&p <fdf LXekX
?\& 2(*+(+))2$''
''
''
''
'
-AKA?DI =G>EAHM=F#
=Xf p i\jgfejXY`c`[X[
' <fekXd`eXZ`e XdY`\ekXc ' =\i\'
Z_f X cXjXcl[ ' ?ld`^XZ`e ' Iif_`Y`Z`e $Clq^&LXe Cfi^\& +*(+(+)**A
'
-AKA?DI =G>EAHM=F#
=Xf p i\jgfejXY`c`[X[
' <fekXd`eXZ`e XdY`\ekXc ' =\'
i\Z_f X cXjXcl[ ' ?ld`^XZ`e [\ ZXdgfj j\dYiX[fj
Zfe jfaX kiXej^~e`ZX
d\[`Xek\ ^c`]fjXkf ' Iif_`Y`Z`e $Clq^( LXe Cfi^\& *)(/(+))2A
'
:^ifhld`Zfj
VFRSUSgi`eZ`g`f gi\ZXlkfi`f4
xleX !fgZ`e ki}^`ZX!7& gfi I:;EH
EHK>GS>MMc(((((((((((
(
&
(
-AKA?DI =G>EAHM=F#
K\^d\e\j
\jg\Z`Xc\j ' K\Zlijfj
_[i`Zfj ' <fekXd`eXZ`e
[\ cX<l\eZX FXkXeqX'K`XZ_l\cf ' Iif^iXdX
[\ jXe\Xd`\ekf
' :g\ikliX
[\c
ZXd`ef [\ j`i^X ' ?`eXc`[X[ ' :cZXeZ\j $Clq^&?\[( Ii`d\iX BejkXeZ`X[\ Jl`cd\j&
&)#'#&$%% "
!
"
>eki\ \c \hl`c`Yi`f Zfejk`klZ`feXc [\ gf[\i\j
p cXgifk\ZZ`e \]`ZXq [\c XdY`\ek\4
[\ZcXiXZ`e ali`j[`ZZ`feXc [\ leX qfeX Zik`ZX[\ gifk\ZZ`e p j\im`[ldYi\
[\
gXjf XdY`\ekXc \e cXZXljX !F\e[fqX!& gfi F:NKB<BHIBGMHp Ec;>K F:KMG(

:7rD

+*
-1

.,
1.

*),
*,+

7B8?;CI7A

-AKA?DI =G>EAHM=F#
K\^d\e\j
\jg\Z`Xc\j ' K\j`[lfj
liYXefj ' ;XjliXc\j
dle`'
Z`gXc\j ' K\gXiXZ`e [\c [Xf gfi dfc\jk`Xj X m\Z`efj ' M\fiX [\ XZ\gkXZ`e
[\c i`\j^f $Llg( <fik\ ;j( :j(& +.(+(+))2$''''
''z'''''''''''''''''''''''''''''
'+ [Xf XdY`\ekXcp cXj XZZ`fe\j Zc}j`ZXj [\ klk\cX [\c \ekfief( >cXikf +/*1 [\c <[`'
^f <`m`c
p jl i\m`j`e X cXclq [\ cXZc}ljlcX XdY`\ekXc&gfi F:K: ( ;>G:O>GM>((((((

B;G;9>D

9DCHI?IJ9?DC7A

*-0
*.0

7B8?;CI7A

M=@I#IfYcXZ`e ' Il\Ycfj


`e[^\eXj ' =\jX]\ZkXZ`e p m\ekX [\ k`\iiXj [\ gif'
g`\[X[ Zfdle`kXi`X ' :dgXif ' :[d`j`Y`c`[X[
' IcXek\\j [\ Zfejk`klZ`feXc`[X[
' K\^cXd\ekXZ`e [\ cXc\p Zfejk`klZ`feXc ' >]\Zkfj $<fik\ Llg(& ,)(2(+))1$''

*/0

OBBB

G=B<>@>G>K:E

:ZZ\jf X cXaljk`Z`X p ^XiXekX [\c [\i\Z_f


X cXgifg`\[X[
Y`Xj `e[^\eXj& gfi F:KM: ;( KHO>K>((

:;G;9>D

?CI;GC79?DC7A

BQ

G=B<>@>G>K:E

[\ cfj gl\'
(

+1-

@JG?HEGJ:;C9?7

[\c [\i\Z_f
#

A;=?HA79?sC

`ek\ieXZ`feX` _ldXe`kXi`f&
(

[\c d\[`f

H?CI;I?N7:7

e[`Z\
e[`Z\
e[`Z\
e[`Z\

XdY`\ek\&
,,1

[\
[\
[\
[\

ZfcXYfiX[fi\j((((((
(
dXk\i`Xj
gXik\j
ki`YleXc\j(((((((((((((((((((((((((

G;9JGHDH C7IJG7A;H
L`klXZ`e [\ cfj Yfjhl\j
eXk`mfj&le gifYc\dX j\i`f Zfe dck`gc\j Xi`jkXj( :ZklX'
c`[X[ \e dXk\i`} [\ Yfjhl\j
\e :i^\ek`eX4 ZXdY`fj [X[fj
X gXik`i [\ cXc\p
,0(--+ p Zfej\Zl\eZ`Xj
\e cXali`jgil[\eZ`X
[\ cX<fik\ Llgi\dX
[\ Cljk`Z`X
[\ cXGXZ`e&gfi F:K: >N@>GB:=#:G@>EH(

7B8?;CI7A
7?G;H

:;

7B8?;CI7A

:;

7B8?;CI7A

:;

,0,1-

,2+
,2.

A7 EGDK?C9?7

-AKA?DI"=G>FAHM=F#
K\^d\e\j
\jg\Z`Xc\j ' F`e\iX ' K\jgfejXY`c`[X[ d`e\iX gfi
\ogcfkXZ`e `c\^Xc' Ii\jZi`gZ`e ' =Xf Zfek`elX[f ' :YXe[fef [\ cX\ogcfkX'
Z`e $Mi`Y(F`e\if Ii`d\iX BejkXeZ`X<i[fYX& +)0),*++%(((((((((((((((((((((((
>ogcfkXZ`e `c\^Xc&XYXe[fef [\ cXZfeZ\j`e p [Xf XdY`\ekXc4 i\jgfejXY`c`[X[
gfi gXj`mfj XdY`\ekXc\j d`e\ifj& gfi :EB<B:FHK:E>L E:F;>KMB((((((((

79IJ7A?:7:
:;B;C:DN7

,./

A7 EGDK?C9?7

-AKA?DI =G>EAHM=F#
=Xf p i\jgfejXY`c`[X[
' <fekXd`eXZ`e [\i`mX[X [\c ljf
[\ Zifdf \e `e[ljki`X ' K\jXe\Xd`\ekf
XdY`\ekXc ' Ii`eZ`g`f [\ gi\m\eZ`e
$Llg( <fik\ Cljk( ;j( :j(& ,2)+,),*+*%(
EXaljk`Z`X XdY`\ekXc p \c gi`eZ`g`f [\ Zfe^il\eZ`X& gfi :G;:E ?:E;H(
-AKA?DI =G>EAHM=F#
K\^d\e\j
\jg\Z`Xc\j ' K\Zlijfj
_`[iZfj ' <l\jk`fe\j
gif'
Z\jXc\j ' F\[`[Xj
ZXlk\cXi\j ' >jkl[`f [\ `dgXZkf XdY`\ekXc ' HYiXj gXiX
cX`ejkXcXZ`e [\ gcXekX[\ kiXkXd`\ekf [\ chl`[fj ZcfXZXc\j ' E\p +-(03/ '
<fejk`klZ`feXc`[X[ $Llg( <fik\ ;j( :j(& -*)-),*+*%((((((((((((((((((((((((((((((((((((((((((((
>c gifZ\[`d`\ekf
X[d`e`jkiXk`mf [\ `dgXZkf XdY`\ekXc p \c [`ZkX[f [\ leX c\p&gfi
:G;:E ?:E;H(((

79IJ7A?:7:
:; 9sG:D87

''''

'

,,.

,3+
-**

A7 EGDK?C9?7

EX[\ZcXiXZ`e [\ `dgXZkf XdY`\ekXc \e F\e[fqX&

gfi :E=H KH=K@N>S


L:E:L (((((U

:Yfcf[fIfiiHc

'''''

'

,,2

,++

EGD9;H7A 7B8?;CI7A

:jg\Zkfj
gifZ\jXc\j
\e ZXljXj m`eZlcX[Xj X cXgifk\ZZ`e
gfi @NBEE>KFH
?(K BSSB(((((((((((((((((((

79IJ7A?:7:
:; 8J;CDH

H?CI;I?N7:7

7B8?;CI7A

K\]l^`X[fj
XdY`\ekXc\j4 \c ^iXe [\jX]f
gfi :G: ;:=BEEHL(((

:;G;9>D

Zfdle`kXi`X
(

-+1

s
BB!mc++U++!
BB!&FN_f:dccceec BG#,1

(
(
(

QB
QBBB
QOB
QOBB

0* -.,0*5*,/:2
.21.2-39*
gfi

7A:D

GD:Gv=J;N

-.

*,9:*20-*2* 675;04,0*

-.

/14*,63

*3+0.49*2
-. 3.4-5<*

*1+/.26*0

H7A7H

/" /2653-7,,/:2
EX =\ZcXiXZ`e [\ BdgXZkf :dY`\ekXc Zfejk`klp\ cX\kXgX ]`eXc [\c gifZ\[`d`\ekf
[\ >mXclXZ`e [\ BdgXZkf :dY`\ekXc( >ccX\j Zfej\Zl\eZ`X
[\ cX\mXclXZ`e XdY`\e'
kXc[\ le gifp\Zkf jfYi\
cXYXj\ [\ cfj gi`eZ`g`fj p cXj i\^cXj [\c [\i\Z_f
XdYc\ekXc&
hl\ j\ Xgc`ZXeX kiXm~j [\ le gifZ\[`d`\ekf
X[d`e`jkiXk`mf hl\ `dgi`d`i}
c\^`k`d`[X[
X cX[\Z`j`e(
L\ _X [`Z_f hl\ cXj efidXj
XdY`\ekXc\j k`\e\e gfi iXj^f [`jk`ek`mf jl [`d\e'
j`e XeYfc^`ZX& f [fYc\ eXkliXc\qX& [\j[\
hl\ j`\dgi\
j\ \eZl\ekiXe
`eZXi[`eX'
[Xj& X[\d}j
[\c [\i\Z_f
XdY`\ekXc& \e fkiX iXdX ali[`ZX( L`\e[f
Xj& \jkXj efidXj&
Zfdf kXekXj fkiXj& i\hl`\i\e
leX `ek\igi\kXZ`e j`jk\d}k`ZX
ef jcf [\c Xik`ZlcX[f [\
cXc\p [fe[\
\jk}e `ed\ijXj& j`ef [\c i\jkf [\c fi[\eXd`\ekf
Xchl\ j\ m`eZlcXe *'
<fe XZ`\ikf& G~jkfi <X]]\iXkkX fYj\imX4 !L`e \dYXi^f& Xle ZlXe[f
i\ZfefZ\dfj
\jk\ Xjg\Zkf gcli`[`d\ej`feXc&
Zfem\i^\ek\& [\c [\i\Z_f
XdY`\ekXc p hl\ cX gifk\Z'
Z`e [\c XdY`\ek\ \j kXi\X Zfde& p ZfeZlii\ek\&
[\ kf[f \c _\iiXd\ekXc
Zc}j`Zf al'
i[`Zf& [\Y\dfj
j\XcXi Xc^leXj [`]\i\eZ`Xj4
ef efj ZXY\e [l[Xj
[\ hl\ \c [\i\Z_f
X[d`e`jkiXk`mf Zldgc\ le ifc gi\mXc\Zc\ek\& f gi\gfe[\iXek\&
\e cXdXk\i`X( I\if `ej`j'
k`dfj Zfe \e\i^X4 \ccf Xj& j`e [\aXi [\ jfjk\e\i
cX`[\X [\ leX `eZcg`\ek\ XlkfefdX

+ Llgf <fik\ Cljk( F\e[fqX&


ZXljX 2*(,3/& !Fle`Z`gXc`[X[ [\ Ela}e [\ <lpf m(@fY`\ief
[\ cX Iifm`eZ`X [\ F\e[f`X
j)Zfe`Zkf [\ If[\i\j!&
WWW&ZUS&MFNEOYB&HOV&BRKE:0UMFNTB?KU%
RJSPRUEFNDJBK&0JTB
`eZcl`[X \e \jk\ Zfej`[\iXe[f4
EHI>K>G: KHM:&=\ie\ki`f& 7OSPRJNDJPJOS
EFL
EFRFDIO BMCJFNTB!6$
<`m`kXj&FX[i`[&c332&
g( ,/5 Zfe]( Zfe \jX eXkliXc\qX& >L:BG&Cfj~& =\ LB
PRFVFNDJ^N
BMCJFNTBL$
LOSFSTUEJOS
EF JMPBDTOBMCJFNTBL
p LBSMFEJEBS BUTOSBTJSGBDTJVBS
\e \c
EFRFDIOBMCJFNTBLPROVJNDJBL$
EX E\p&;l\efj
:`i\j& ,**-& g( +.2(

#!'

:<MN:EB=:= :F;B>GM:E => E: IKHOBG<B:=> F>G=HS:


E: =><E:K:<`{G => BFI:<MH :F;B>GM:E >G F>G=HS:

[\c [\i\Z_f
XdY`\ekXc $f Xcd\efj
\jg\Z`Xc`[X[%& d}j Xe \e el\jkif
fi[\eXd`\ekf
ali[`Zf& hl\ _fp \o_`Y\& leX Zfdgc\kX gc\e`kl[ [\ c\p\j XdY`\ekXc\j& Zfe fYa\kf gif'
g`f& gi`eZ`g`fj gifg`fj& d~kf[fj
gifgfji\e
jek\j`j& le \jgXZ`f [\]`e`[f& gXiX jl [\'
jXiifccf!
+'
I\if \c [\i\Z_f
X[d`e`jkiXk`mf [\jkXZX \e jl i\cXZ`e Zfe \c [\i\Z_f
XdY`\ekXc&
\e kXekf jlj
efidXj
gifZ\[`d\ekXc\j
k`\e\e gfi gi`eZ`g`f cXYjhl\[X
[\ cXm\i[X[
i\Xc f dXk\i`Xc( !EX :[d`e`jkiXZ`e
[\Y\ cf^iXi cXm\i[X[ dXk\i`Xc& cXhl\ Zfejk`klp\
gi`eZ`g`f p fYa\k`mf gi`dfi[`Xc [\c gifZ\[`d`\ekf
hl\ Zlcd`eX \e cX[\Z`j`e
X[\ZlX'
[X! ,' NeX i\cXZ`e Xide`ZX p gfj`k`mX j\ \jkXYc\Z\& [Xe[f ]fidX X leX gXik`ZlcXi
!j`dY`fj`j!
ali[`ZX& \e cXhl\ cX=\ZcXiXZ`e [\ BdgXZkf :dY`\ekXc j\ \ogi\jX Zfdf
XZkf X[d`e`jkiXk`mf Zfe ]`eXc`[X[ XdY`\ekXc(

e( I?EDAD=q7H

Ifi \c ZfekiXi`f( ZlXe[f i\m`jk\ \c ZXi}Zk\i [\ XZkf X[d`e`jkiXk`mf& jl gifeleZ`Xd`\e'


ks&Xlkfi`qX f i\Z_XqX cX gfj`Y`c`[X[ [\ \a\ZlkXi \c gifp\Zkf d`jdf(
yjkX \j cXZfe[`'
Zife c\^Xc hl\ el\jkiX c\p /30+ c\ Xki`Ylp\ X cX=B:( EX gif_`Y`Z`e [\c Xik( ,2 \j Zfe'
kle[\ek\
Xci\jg\Zkf(
L`e \dYXi^f(
\e el\jkif
fi[\eXd`\ekf
c\^Xc cfZXc _Xp le jlgl\jkf
[\
XZkf gi\gXiXkfi`f
\e \c gifZ\[`d`\ekf
[\ >mXclXZ`e [\ BdgXZkf :dY`\ekXc
m`[X[ d`e\iX d\kXc]\iX( hl\ j\ m\i} d}j X[\cXek\(

???' ;A 79ID

7:B?C?HIG7I?KD

EX Xlkfi`qXZ`e
leX XZk`m`[X[(

:;

:?7

&AQ=B:& gX5X j\i

XZkf X[d`e`jkiXk`mf& [\Y\ j\i gif[lZkfiX


[\ \]\Zkfj ali[`Zfj
[`'
i\Zkfj \ `ed\[`Xkfj
-' Efj \]\Zkfj
ali[`Zfj
[\Y\e \dXeXi [\c XZkf d`jdf4 jcf \ekfe'
Z\j jfe `ed\[`Xkfj(
Il\[\
i\jlckXi le XZkf gi\gXiXkfi`f& le `e]fid\
f [`ZkXd\e& hl\
j`im\ [\ e\of gXiX fkif XZkf gfjk\i`fi
gif[lZkfi
[\ \]\Zkfj ali[`Zfj& g\if ef j\iX \e
j d`jdf
le XZkf X[d`e`jkiXk`mf [\ Xlkfi`qXZ`e(
>c XZkf hl\ Zfe gfjk\i`fi`[X[
X jl \d`j`e
[\Y\ j\i XgifYX[f
gfi fkiX Xlkfi`[X[
ef eXZ\ Xc dle[f
ali[`Zf4 >c Zi`k\i`f ^\e\iXc \j Xj hl\ !]XckXe[f cXXgifYXZ`e& \c
XZkf X[d`e`jkiXk`mf ZXi\Z\ [\ \]`ZXZ`X p ef k`\e\ ]l\iqX \a\Zlkfi`X p ef gl\[\
^\e\'
iXi [\i\Z_fj
jlYa\k`mfj X ]Xmfi [\ cfj gXik`ZlcXi\j!( EX <fik\ Lligi\dX
[\ Cljk`Z`X [\
cXGXZ`e _X [`Z_f hl\ \c XZkf BE RFGFRFNEUM
f jla\kf X XgifYXZ`e [\ leX Xlkfi`[X[
jlg\i`fi
ZXi\Z\ [\ Xgk`kl[ gXiX ^\e\iXi
gfi j d`jdf
\]\Zkfj ali[`Zfj
gXiX e`e^leX
[\ cXj gXik\j& gl\j jl \]`ZXZ`X \jk} jfd\k`[X
X le _\Z_f ]lklif
\ `eZ`\ikf( : cf jldf&
gl\[\
Zfej`[\iXij\
Zfdf le XZkf gi\gXiXkfi`f
p jlj \]\Zkfj j\ gif[lZ\e
e`ZXd\e'
k\ X gXik`i [\c dfd\ekf
\e hl\ cXXgifYXZ`e j\ gi\jkX .' yjkX \j cXjfclZ`e [\c Xik(
-+ [\ cXE\p [\ IifZ\[`d`\ekfj
:[d`e`jkiXk`mfj
-3*3(
>e cXc\^`jcXZ`e ZfdgXiX[X& cX=B: gl\[\
Zfejk`kl`i le XZkf gi\gXiXkfi`f& Zfe cX
]fidX [\ [`ZkXd\e f `e]fid\& f le XZkf X[d`e`jkiXk`mf [\ Xlkfi`qXZ`e( >j le XZkf gi\'
gXiXkfi`f ZlXe[f j\ c`d`kX X cXgfe[\iXZ`e
[\ cXj Zfej\Zl\eZ`Xj
XdY`\ekXc\j [\ le
[\k\id`eX[f
gifp\Zkf& j`\e[f
\e \jk\ ZXjf le \c\d\ekf
[\ al`Z`f gXiX cXXlkfi`[X[
Zfe ((Zfdg\k\eZ`X
[`i\ZkX \e \c gifp\Zkf /' >e \jkX _`gk\j`j& \e kXekf XZkf gi\gXiX'
(kfi`f& jl `eZ`[\eZ`X ef \j d\efi
\e ZlXekf X cX[\Z`j`e
hl\ \e [\]`e`k`mX j\ X[fgk\(
<:??>K:MB:&G~jkfi& !=\i\Z_f X[d`e`jkiXk`mf p [\i\Z_f XdY`\ekXc!&EE,**/':'+.10(
BO:G>@:&
F`i`Xd( !IifZ\[`d`\ekf
X[d`e`jkiXk`mf4 cXj [`d\ejcfe\j
[\c gi`eZ`g`f [\ m\iw
[X[ dXk\i`Xc!&EE[\c +.)+,),*+*(
:^i\^X4 !<\iZXeX X cXXZk`m`[X[hl\ [\jXiifccX \c al\q g\eXc&
ef Xj X cXhl\ [\jXiifccX \c al\q Z`m`c(
\e \c gifZ\[`d`\ekf
X[d`e`jkiXk`mf \c i^Xef \jkXkXcef
k`\e\ hl\ i\jfcm\i le ZfecZkf \eki\ gXik\j& gfi \ccf cXj c`d`kXZ`fe\j hl\ c\ `dgfe\ \c XZZ`feXi
gifZ\jXc [\ ~jkXj X cXgfk\jkX[ al[`Z`Xc&ef jfe Xgc`ZXYc\jX cXXlkfi`[X[ X[d`e`jkiXk`mX!(
& .
:ik( ,2( c\p -3*35 @HK=BEEH&
:^ljke& >RBTBEOEF EFRFDIO BEMJNJSTRBTJVO&
k( -( !>c XZkf
X[d`e`jkiXk`mf!& g( BO'-*(
.
@HK=BEEH&
:^ljke& >RBTBEO
&&&`
Z`k(&
k(-( gj( BQ',*',+(
/
BKB;:KK>G&
?\[\i`Zf @'z 2VBLUBDJ^NEF 5MPBDTO/MCJFNTBL$jl FNGOQUF
KUR\EJDO&
Necm\i *&
;l\efj
:`i\j( +331( gj( ++- p jj(
,(

7RD? TDEJ[?[??*??@

#!(

\j

:;

le XZkf X[d`e`jkiXk`mf

=B: Zfdf
[\ cX:Zk`'

7JIDG?N79?sC
hl\

fkfi^X

le [\i\Z_f

Xc UYUaSvSv^
[\

' EX c\p /30+& \e jl Xikf ,1( cX\o`^\ \e \jkfj


k~id`efj4 !Mf[fj
cfj gifp\Zkfj
[\
fYiXj f XZk`m`[X[\j ZXgXZ\j [\ df[`]`ZXi& [`i\ZkX f `e[`i\ZkXd\ek\
\c XdY`\ek\ [\c
k\ii`kfi`f gifm`eZsXc&[\Y\i}e
fYk\e\i leX =\ZcXiXZ`e [\ BdgXZkf :dY`\ekXc $=B:%
(((!(
EX =\ZcXiXZ`e [\ BdgXZkf :dY`\ekXc \j leX Xlkfi`qXZ`e& \jkf \j& le XZkf X[d`'
e`jkiXk`mf hl\ fkfi^X X cXgifgfe\ek\
le [\i\Z_f
Xc\a\iZ`Z`f [\ leX XZk`m`[X[ 0'
Mf[X Xlkfi`qXZ`e& gfi [\]`e`Z`e& jlgfe\
leX gif_`Y`Z`e ^\e\iXc& hl\ \e dXk\i`X
XdY`\ekXc \eZfekiXdfj
gcXjdX[X \ogi\jXd\ek\
\e el\jkif
fi[\eXd`\ekf
ali[Zf(
(>cXik( ,2 [\ cXc\p /30+ !gif_Y\ \e \c k\ii`kfi`f [\ cXgifm`eZ`X&cXXlkfi`qXZ`e X[d`'
ecjkiXk`ms'"5 &cX\a\ZlZ`e [\ XZk`m`[X[\j hl\ ef ZldgcXe $cf%i\ZXl[X[f&
YXaf g\eX
s\ cXXgc`ZXZ`e [\ cXj jXeZ`fe\j
gi\m`jkXj gfi cXgi\j\ek\
c\p p j`e g\ial`Z`f [\ cXel'
c`[X[ [\ cXj XZklXZ`fe\j X[d`e`jkiXk`mXj hl\ j\ _lY`\i\e
`e`Z`X[f!(
EXj (Xlkfi`qXZ`fe\j
gl\[\e
j\i [\ kiXZkf e`Zf f [\ kiXZkf Zfek`elf( EXj gi`d\iXj
jfe Xgc`ZXYc\j Zfe Xek\i`fi`[X[
Xc`e`Z`f [\ cXXZk`m`[X[( EXj Xlkfi`qXZ`fe\j
[\ kiXZkf
Zfek`elf jfe Xhl\ccXj hl\ \a\iZ\e ef jcf le Zfekifc gi\m`f Xc `e`Z`f [\ cXXZk`m`[X[
j`ef kXdY`~e lef gfjk\i`fi
1'
'z
"
EX =B: \j leX Xlkfi`qXZ`e gi\m\ek`mX&\e kXekf Zfe[`Z`feX hl\ \c ]lklif
]leZ`f'
eXd`\ekf [\ leX XZk`m`[X[ ef `dgXZk\ \e \c XdY`\ek\( I\if kXdY`~e \j Zfek`elX \e
ZlXekf& [liXek\
cX\a\ZlZ`e [\c gifp\Zkf& cXXlkfi`[X[
[\j\dg\X
leX cXYfi [\ Zfe'
kifc p m`^`cXeZ`X[\ cXj fYc`^XZ`fe\j `dgl\jkXj
\e cXj `ejkilZZ`fe\j
2' :Zi\Z`\ekX
\jkX
Zfe[`Z`e ZlXe[f j\ \o`^\ jl i\efmXZ`e g\i`[`ZX(
(sj& Zfd(f [`Z\ el\jkiX
<fik\( leX !Xlkfi`qXZce [\ Xlkfi`qXZ`fe\j!&
!leX Xlkfi`'
qXZ`fe gi\m`X \e cXhl\ j\ gi\k\e[\
Zf_\i\eZ`X
gifZ\[`d\ekXc
Zfe cXj [\d}j
Xlkfi`'
qXZ`fe\j Zfe cXj hl\ ZfeZlii\!&
\e kXekf cXXZk`m`[X[ _XY`c`kX[X XdY`\ekXcd\ek\
[\'
Ysi} fsk\e\i
X gXik`i [\ \ccX cXj Xlkfi`qXZ`fe\j
X[d`e`jkiXk`mXj \jg\Z]`ZXj
gXiX jl
\a\ZlZ`fe(
'
0 :j +*!ZXc`]`ZX
el\jkiX <fik\4 !>j\ XZkf X[d`e`jkiXk`mf( hl\ \eZ`\iiX Zfdgc\a`[X[( gi\Z\'
[`[f [\ \jkN=BHL[\ eXkliXc\qXk~Ze`ZX(k`\e\ eXkliXc\qX [\ Xlkfi`qXZ`e (((!&ZXljX 2*(,3/
!Fl'
e`Z`gXc`[X[[\ Ela}e [\ <lpf m(@fY`\ief [\ cXIifm`eZ`X [\ F\e[fqX j)ZfecZkf [\ _^TUaUb!
'
1 ANM<ABGLHG(
Mfd}j( 1B]O BMCJFNTBL&
<FSPONSBCJLJEBE
P_CLJDBBMCJFNTBL&
c' c(;l\efj
:`i\j& +333( gj( ,/3),0*(
3 ( !Ifi Zfe]`^liXi leX Xlkfi`qXZ`e( i\m`jk\ \jg\Z`Xc `dgfikXeZ`X \c gif^iXdX [\ m`^`cXeZ`X
p j\^lkid\ekf& [\j[\
hl\ j\ `ekif[lZ\ le kiXZkfZfek`elf \e \c meZlcf\eki\ \c jla\kf Xlkfi`qX[f
p cX:[d`e`jkiXZ`e! $slg4 <fik\( Cljk& F\e[fqX& ZXljX 2*(,3/& !Fle`Z`gXc`[X[ [\ Ela}e [\ <lpf
m(@fY`\ief [\ cXIifm`eZ`X [\ F\e[fqX j)Zfe]ccZkf [\ gf[\i\j!%(

m`fcH[f =\i\Z_f

:dY`\ekXc G#,1

#"

:<MN:EB=:=

:F;B>GM:E

=> E: IKHOBG<B: => F>G=HS:

>cXik( ,2 \e jl g}ii( *) \jkXYc\Z\ hl\ !EX Hc: j\i} \o`^`[X gfi cfj fi^Xe`jdfj
Z\e'
kiXc`qX[fj f [\jZ\ekiXc`qX[fj
[\ cX :[d`e`jkiXZ`e
IYc`ZX gifm`eZ`Xc p)f dle`Z`gXc
Zfe Zfdg\k\eZ`X
\e cXfYiX p)f XZk`m`[X[!(
:c i\jg\Zkf& cXLlgi\dX
<fik\ [\ Cljk`Z`X [\ F\e[fqX
_X `ek\igi\kX[f
\jkf Xj4 !>e
fkifj k~id`efj& efidXcd\ek\&
\c gifZ\[`d`\ekf
X[d`e`jkiXk`mf [\ \mXclXZ`e Zlcd`eX
Zfe cXHc:& gfi cf hl\ \c \a\iZ`Z`f [\ cXgfk\jkX[ [\ \mXclXZ`e Zfe]`^liX leX Xlkfi`qX'
Z`e gi\m`X \ `ejkild\ekXc
[\c gifZ\[`d`\ekf
jljkXek`mf& [\ eXkliXc\qX [`jZi\Z`feXc p&
gfi cf kXekf& [\Y`[Xd\ek\
dfk`mX[X& hl\ X jl m\q j\ jldX X fkiX Xlkfi`qXZ`e& [X[X
gfi fkif fi^Xe`jdf&
gXiX cXZfejkilZZ`e
[\ cXfYiX! *)'
IXiX Zfejk`kl`i le XZkf X[d`e`jkiXk`mf& \e j\ek`[f
\jki`Zkf& ~jk\ [\Y\ gif[lZ`i
\]\Z'
kfjali[Zfj
`e[`m`[lXc\j \e ]fidX `ed\[`XkX f [`i\ZkX( I\if \e \c ZXjf [\ cXHc:&\jfj
\]\Zkfj
[\Y\e j\i \ek\e[`[fj
Zfe \c XcZXeZ\ Zfii\jgfe[`\ek\
\e ZXjf [\ Zfejk`kl`i
leX Xlkfi`qXZ`e4 j\ Xlkfi`qX X Zldgc`i Zfe cfj i\hl\i`d`\ekfj
hl\ `dgfe^X \c fi[\eX'
d`\ekf \jg\ZZf
[\ ZX[X XZk`m`[X[( :j& [\Y\i}
fYk\e\ij\
cXj Zfii\jgfe[`\ek\j
_XY`'
c`kXZ`fe\j dle`Z`gXc\j
[\ fYiXj& i\Xc`qXi cXj `ejZi`gZ`fe\j
\e cfj i\^`jkifj
\jg\Z`Xc\j
$KN>&LB<<HF p K\^`jkif [\ @\e\iX[fi\j
[\ K\j`[lfj
I\c`^ifjfj&
\eki\ fkifj%& fYk\'
e\i Xlkfi`qXZ`fe\j
\jg\Z]`ZXj $X^lX& ^Xj& \kZ(% **'
L`e \dYXi^f& \e ZXjfj \oZ\gZ`feXc\j& _Xp [\ZcXiXZ`fe\j
ef gif[lZkfiXj
[\ \]\Z'
kfj ali[`Zfj
\e kXekf ef ZfeZliiX fkif XZkf hl\ cXiXk`]`hl\( >e kXcZXjf& ef Zfejk`kl'
p\e\e j\ek`[f
\jki`Zkf XZkfj X[d`e`jkiXk`mfj(
IXiX j\i`f& [\Y\e Zldgc`i Zfe cXZfe[`'
Z`e `dgl\jkX
\e \c fi[\eXd`\ekf
c\^Xc *+'

E: =><E:K:<`{G

IqE?9D

:;A

:;G;9>D

7B8?;CI7A

AX [`Z_f el\jkiX
<fik\4 !IXiX cc\^Xi X \j\ XZkf X[d`e`jkiXk`mf hl\ \eZ`\iiX Zfd'
gc\a`[X[& j\ _X e\Z\j`kX[f
le Zfealekf [\ \jkl[`fj
[\ eXkliXc\qX k~Ze`ZX hl\ g\id`'
k\e \jk`dXi cfj \]\Zkfj hl\ cX\a\ZlZ`e [\ le [\k\id`eX[f
gifp\Zkf& fYiX f XZk`m`[X[
ZXljXe jfYi\ \c d\[`f
XdY`\ek\( >e \jk\ j\ek`[f& \j le XZkf X[d`e`jkiXk`mf kg`Zf [\c
[\i\Z_f
XdY`\ekXc& gl\j Zfdf j\ _X [`Z_f& !gi\j\ekX
le Zfdgfe\ek\
k~Ze`Zf ZlpX
j`^e`]`ZXZ`e& gif^i\j`mXd\ek\
[\jkXZX[X gfi jl `dgfikXeZ`X p Zfdgc\a`[X[& _X _\Z_f
[\ ~c le \c\d\ekf
Z\ekiXc p ZXiXZk\ijk`Zf5 \c \c\d\ekf
k~Ze`Zf _X [\aX[f [\ j\i le
d\if
[Xkf5 gfi \c ZfekiXi`f Zfejk`klp\& \e dlZ_fj
ZXjfj& cXi\]\i\eZ`X
]le[Xd\ekXc
[\c( gifZ\jf
p cX[\Z`j`e
X[d`e`jkiXk`mX! *,'

[\

*) Llgf <fik\( Cljk( F\e[fqX&


ZXljX 2*(,3/&
cXIifm`eZ`X [\ F\e[fqX
j)ZfeZkf [\ gf[\i\j!&

!Fle`Z`gXc`[X[
]Xccf Z`kX[f(

[\

** K\j( AM: 112)+330


=@BjfYi\
Zfekifc [\ cX ZfekXd`eXZ`e
j`jk\dX
[\ Zfekifc [\ kXehl\j
[\ ZfdYljk`Yc\j&
c\p /3+1 [\ K\j`[lfj
dle`Z`gXc\j
[\ \[`]`ZXZ`e& fi[\eXd`\ekf
k\ii`kfi`Xc& \kZ(
*+ >a\dgcf

\j

cXc\p 11,,&

hl\

j\

XeXc`qX\e \jg\Z`Xc

d}j

Ela}e [\

<lpf

#"!

>G F>G=HS:

>jk\ \c\d\ekf
\j\eZ`Xc [\ cXHc: \j \c jljkiXkf
\Zfc^Zf hl\ `[\ek`]`ZX FXike FX'
k\X gXiX i\ZfefZ\i
XlkfefdX
Xc[\i\Z_f
XdY`\ekXc *- p hl\ cX[`jZi\Z`feXc`[X[
X['
d`e`jkiXk`mX [\Y\ i\ZfefZ\i
gXiX ef `eZlii`i \e XiY`kiXi`\[X[(
&
>cjljkiXkf
\Zfc^`Zf i\gi\j\ekX
\c ZXi}Zk\i j`jk~d`Zf [\ cX(efidX XdY`\ekXc& ^\'
e\iXc f gXik`ZlcXi& \e ZlXekf !cX i\^lcXZ`e [\ Zfe[lZkXj
ef j\ i\Xc`qX X`jcX[Xd\ek\
j`ef k\e`\e[f
\e Zl\ekX \c ZfdgfikXd`\ekf
[\ cfj \c\d\ekfj
eXkliXc\j p cXj `ek\iXZ'
Z`fe\j gfj`Yc\j Zfdf Zfej\Zl\eZ`X
[\ cXXZklXZ`e _ldXeX gi\m`jkX! *.'
EX `dgfikXeZ`X [\ \jk\ ZfeZ\gkf \j hl\ `eZfigfiX cXm`j`e j`jk~ie`ZX4 \c XdY`\e'
k\ ef \j leX d\iX XZldlcXZ`e [\ \c\d\ekfj
j`ef le j`jk\dX `ek\^iX[f hl\ k`\e\ le
glekf eXkliXc [\ \hl`c`Yi`f&
>e \jk\ Zfek\okf& \e \c hl\ cXi\Xc`[X[ \Zfj`jk~d`ZX
j\ `ek\^iX \c XZkf&el\jkiX <fi'
k\ _X [`Z_f4 ! (((L\XcX XZ\ikX[Xd\ek\
\jX d`jdX [fZki`eX Z`kX[X hl\ #>c}i\X eXkliXc
gifk\^`[X
EcXeZXe\cf ef k`\e\ cd`k\j i^`[fj& X df[f
[\ ce\Xj [\dXiZXkfi`Xj
gifg`Xj
[\c [\jc`e[\
[\ `edl\Yc\j(
:c j\i le j`jk\dX XdY`\ekXc Zfdgl\jkf
gfi dck`gc\j\c\'
d\ekXj $jl\cX& ]cfiX& ]XleX& X^lX& \kZ(%Zfe]`^liXk`mf [\ le \Zfj`jk\dX
Zfe Y`f[`m\ij`'
[X[ gifg`X& i\hl`\i\
[\c \jkl[`f& Xe}c`j`j \ `em\jk`^XZ`e [\ \jg\Z`Xc`jkXj \e [`jk`ekXj
[`jZ`gc`eXj m`eZlcX[Xj X cX \Zfcf^X( >ccfj \jkXYc\Z\i}e
\e YXj\ X cXZ`\eZ`X& Zl}c\j
jfe cfj Zfekfiefj
d}j f d\efj
\c}jk`Zfj jfYi\ \c k\ii\ef&hl\
Zfe]`^liXe \c j`jk\dX
EcXeZXe\cf&p Zfej\Zl\ek\d\ek\&
\c }i\X eXkliXc gifk\^`[X \jg\Z]`ZXd\ek\#
$FXk_lj
>jZfi`_l\cX& fY( Z`k(&g( 0-.%! */'

K' :?7
?K' A7 :?7% 79ID

=> BFI:<MH :F;B>GM:E

p <?C7A?:7:

EX ]`eXc`[X[ [\Y\ [`jk`e^l`ij\


[\c Zfek\e`[f& \jk~ \j cf hl\ j\ gi\Z\gkX4 cXHc:
Xlkfi`qX f i\Z_XqX \c gifp\Zkf( EX ]`eXc`[X[ j\ i\]`\i\
Xc `ek\i~j gYc`Zf hl\ cXXZk`m`'
[X[ X[d`e`jkiXk`mX& gfi \j\eZ`X \e kf[Xj jlj ]leZ`fe\j&
[\Y\ jXk`j]XZ\i
*0' <lXe[f
\jX ]leZ`e \j cX[\ \mXclXi XdY`\ekXc d\ek\ le gifp\Zkf& \jX ]`eXc`[X[& hl\ j`\dgi\
[\Y\ Xj\^liXi
\c `ek\i~j gYc`Zf& ZfYiX leX [`d\ej`e
gXik`ZlcXi hl\ gf[iXdfj
Z\e'
kiXi \e cfj Zi`k\i`fj [\ \mXclXZ`e gXiX \og\[`i
cXHc: f& d\afi Xe& \e cXc\p ,/(01/
@\e\iXc [\c :dY`\ek\
hl\ \e jl Xikf ,) efj `e[`ZX cfj fYa\k`mfj [\ cXgfck`ZXXdY`\e'
kXceXZ`feXc(
&
EX eXkliXc\qX gi\m\ek`mX [\ ~jkX \j jl ZXljX ]`e( Ii\m\e`i \c [Xf XdY`\ekXc \ogc`'
ZX cXgif_`Y`Z`e ^\e\iXc hl\ jljk\ekX \jk\ gifZ\[`d`\ekf5
cl\^f& cX\m\eklXc Xlkfi`qX'
Z`e \j leX ^XiXekX [\ hl\ ~jk\ j\i} \m`kX[f( >cgi`eZ`g`f [\ gi\m\eZ`e ef \j le gi`e'
Z`g`f gifZ\[`d\ekXc
X[d`e`jkiXk`mf& \j le gi`eZ`g`f jljkXeZ`Xc [\c [\i\Z_f
XdY`\ekXc
hl\ [`i`^\ \c fYiXi X[d`e`jkiXk`mf _XZ`X cX[\Z`j`e& YljZXe[f
\ogc`ZXi \ `ek\igi\kXi Xj
i\cXZcfe\jBejckXj
\eki\ \c XdY`\ek\ p \c gifp\Zkf( >cXZkf X[d`e`jkiXk`mf X[fc\Z\i}
[\

m(@fY`\ief

[\c X^lX& c\p 032+ jfYi\


I\c`^ifjfj&
fi[\eXeqXj

X[\cXek\(

Llgf <fik\ Cljk( F\e[fqX& Zfej`[\iXe[f


cX ZXljX Z`kX[X Zfe cXj j`^l`\ek\j
efkXj4 >L'
M>O>I:K=H& Cfj~& !>c Zfdgfe\ek\
k~Ze`Zf [\c [\i\Z_f
[\c d\[`f
XdY`\ek\( E`d`kXZ`fe\j p gf'
j`Y`c`[X[\j
[\ cfj \ek\j cfZXc\j!& \e >LM>O>I:K=H& Cfj~ $[`i(%&1FRFDIO EFL MFEJO BMCJFNTFp
BEMJNJSTRBDJ^N
LODBL$
<`m`kXj p =`glkXZ`e [\ ;XiZ\cfeX& FX[i`[& +330& _' ..*(
*,

:s B ZcfI iifk $H%

[\

*-

F:KMG F:M>H&KXde& >RBTBEO


EF EFRFDIOBMCJFNTBL$
mfc( *%MXcm`ld&FX[i`[&

*.

F:KMG F:M>H& KXde& >RBTBEO


&&&
$Z`k(&g( 3,(

*/ !RI? LfZ`\[X[
:ee`dX
\e a(2*(200 :jfZ`XZ`e
FqX( g)XZZ&[\ Xdgf j)BeZ( ZXj(!& EB(&,**/'='//,(

*0 F:KB>GAH??& F`^l\c
i\j& +300& gj( -.-)-..(
Kfmc kX[f =\i\Z_f

:dY`\ekXc G#,1

H`bfj

K\[

:dY`\ekXc

+33+& g( 3,(

m(@fY( [\

L(& >RBTBEO
EF EFRFDIO BEMJNJSTRBTJVO$
:Y\c\[fI\iifk&

cXIifm(

;l\efj

:`'

#""

:<MN:EB=:=

:F;B>GM:E

=> E: IKHOBG<B: => F>G=@S:

le m`Z`f ^iXm\ ZlXe[f \jk~ \e [`jZfi[XeZ`X


Zfe cXj`klXZ`e [\ _\Z_f
i\qZX [\ dfk`mXZ`e $Xikj( /,& `eZ( Ya&p /0%`eZ( \c&c\p ,2)2$ *1'

K?' A7 :?7

p A7 EG;K;C9?sC

:;A

:7rD

i\^lcX[X

f ZX'

'

7B8?;CI7A

EXj ZXiXZk\ijk`ZXj gifg`Xj [\c [Xf XdY`\ekXc& jl Zfekel[X[pjl


gifp\ZZ`e Xc
\Zfj`jk\dX
p cXZXc`[X[ [\ m`[X jfZ`Xc& _Xe [X[f cl^Xi XcgifZ\[`d`\ekf
[\ >mXclXZ`e
[\ BdgXZkf :dY`\ekXc Zfdf `ejkild\ekf
gi\m\ek`mf [\ ~jk\( B[\ek`]`ZXi&XeXc`qXip \mX'
clXi \e ]fidX gi\m`X cfj `dgXZkfj XdY`\ekXc\j [\ cXj XZk`m`[X[\j jljk\ekX
cXi\^lcXi`'
[X[ f \o`jk\eZ`X [\ cX=\ZcXiXZ`e [\ BdgXZkf :dY`\ekXc(
IXiX \jkXYc\Z\i leX d\[`[X
X cXcXYfi gi\m\ek`mX hl\ [\Y\i}
i\]c\aXij\ \e cXHc:&
[\Y\dfj
Zfej`[\iXi
\c XcZXes\ [\c [Xf XdY`\ekXc& \c ZlXc&Zfe]fid\
X cXc\p +.'/0.%
j\ [\]`e\ Zfdf kf[X Xck\iXZ`e i\c\mXek\ hl\ df[`]`hl\
e\^Xk`mXd\ek\ \c XdY`\ek\&
jlj i\Zlijfj(`\c
\hl`c`Yi`f [\#Bfj \Zfj`jk\dXj&
f cfj Y`\e\j f mXcfi\j Zfc\Zk`mfj(
c3 :c( i\jg\Zkf& cXXck\iXZe \j leX \ogi\j`e hl\ [\efkX hl\ \c [Xf jlgfe\
leX
df[`]`ZXZ`e& le ZXdY`f& leX kiXej]fidXZ`e
[\ cXj`klXZ`e gi\\o`jk\ek\(
>j i\c\mXe'
k\ ZlXe[f Xck\iX cXZXgXZ`[X[ [\ ZXi^X [\c \Zfj`jk\dX
f jl jljk\ekXY`c`[X[&
cX#
jXcl[
_ldXeX& \c gXki`dfe`f ZlckliXc p cXZXc`[X[ [\ m`[X jfZ`Xc( ?`eXcd\ek\& \jX df[`]`ZX'
Z`e [\Y\ j\i e\^Xk`mX&Xjg\Zkf hl\ gf[i]X m`eZlcXij\ X cXXck\iXZ`e [\ cXZXgXZ`[X[
[\ dXek\e\i
leX ZXc`[X[ [\ m`[X XZ\gkXYc\ p le \hl`c`Yi`f \Zf c^`Zf m`XYc\&\oZclp\e'
[f Xhl\ccfj ZXdY`fj hl\ ef k\e^Xe le \]\Zkf jljkXek`mf *2'

K??' A7 :?H9G;9?DC7A?:7:
g ;A 9DBEDC;CI;

7:B?C?HIG7I?K7
Ip9C?9D
G;=A7:D

EX gfk\jkX[
[`jZi\Z`feXc
\e \c [\i\Z_f
X[d`e`jkiXk`mf Zc}j`Zf j\ ZfeZ`Y\ Zfdf
fgl\jkX
X cXgfk\jkX[ i\^cX[X( EX gi`d\iX jlgfe\
le }dY`kf [\ c`Y\ikX[f ]iXehl`Z`X
gXiX hl\ cX:[d`e`jkiXZ`e
gifZ\[X X \c\^`i cXjfclZ`e Xgc`ZXYc\(#F`\ekiXj hl\ \e cX
j\^le[X&
cX efidX gi\[\k\id`eX
cXXZZ`e X[d`e`jkiXk`mX X Zldgc`i( EX `dgfikXeZ`X
[\ \jkX [`jk`eZ`eiX[`ZX
\e hl\ cXXZk`m`[X[ [`jZi\Z`feXc& XcZfe]\i`i le Xdgc`f dXi'
Zf [\ c`Y\ikX[& \jkXiX \o\ekX [\c Zfekifc ali`j[`ZZ`feXc( I\if \jkX ZfeZ\gZ`e _X jl]i`'
[f cfj ZXdY`fj hl\ `dgfe\e
cXj k\e[\eZ`Xj
ali[`ZXj [fd`eXek\j
[\ cXjfZ`\[X[
p \c
(]leZ`feXd`\ekf
[\c >jkX[f( :LB&cX[fZki`eX [\ cX`ek\i[`ZZ`e [\cX XiY`kiXi`\[X[ [\ cfj
&5&gH[\i\j gYc`Zfj jljk\ekX
cXgc\e`kl[ [\c Zfekifc ali`j[`ZZ`feXc jfYi\
cX[`jZi\Z`feXc`'
[X[ X[d`e`jkiXkcmX& \e kXekf cXXZklXZ`e X[d`e`jkiXk`mX \e kf[f jlgl\jkf
j\ \eZl\e'
kiX jfd\k`[X
X cXiXqfeXY`c`[X[ +)' "

E: =>HE:K:HB{G

=> BFI:<MH :F;B>GM:E

#"#

>G F>G=HS:

>e \jk\ glekf& ZfYiX gXik`ZlcXi `dgfikXeZ`X \c Zfdgfe\ek\


k~Ze`Zf i\^cX[f hl\
FXike FXk\f \jkXYc\Z\ 9DV*[) [cjkcekcmf[\c [\i\Z_f
XdY`\ekXc( EXj efidXj
XieYc\e'
kXc\j `eZclp\e gi\jZi`gZ`fe\j
i`^lifjXd\ek\
k~Ze`ZXjhl\
[\k\id`eXe
p Z`]iXe cfj e`'
m\c\j [\ \d`j`e
f [\ `ed`j`e& [\ m\ik`[f& \kZ( :jg\Zkfj
efidXk`mfj jljkXeZ`Xc\j
j\
Zfek`\e\ \e Xe\ofj p \e ZlX[ifj
[\ [fYc\ \ekiX[X hl\ gi\Z`jXe cXj Zfe[`Z`fe\j
\e
cXj hl\ [\Y\e i\Xc`qXij\ cXj XZk`m`[X[\j X]\ZkX[Xj( EX [`jZi\Z`feXc`[X[
X[d`e`jkiXk`'
mXp [\c gifg`f ali`jkX j\( \eZl\ekiX i^`[Xd\ek\
\eZfij\kX[X
\e \c dXiZf k~Ze`ZXd\e'
k\ gi\Z`jX[f
gXiX cXi\^lcXZ`e [\ cXj Zfe[lZkXj
+*'"
% z
I\if
\c [\Zcjfi
Zfej\imX le dXi^\e `dgfikXek\ gXiX XcZXeqXi leX jf$lZ`i` jlj'
k\ekXYc\( HZlii\(
\jkf le gi`e<5`g`f jljkXek`mf [\c [\i\Z_f
XdY`\ekXc& Zl}c&\j \c [\
gif^i\j`m`[X[
f ^iX[lXc`[X[
++' Ne glekf
hl\ ef d\i\Z\Zl\jk`feXd`\ekf
\j hl\ \c
\a\iZ`Z`f [\ cXgfk\jkX[ [`jZi\Z`feXc fg\iX j`\dgi\
[\ekif [\#zX<fejk`klZce
p [\ cfj
gi`eZ`g`fj hl\ cXelki\e(ZlpX
\j\eZ`X \j
kiXej^i\[`i
cXgiZ_cYcZe [\ cXXiYckiXic\'
[X[ f iXqfeXY`c`[}[
+,'
"
( >e el\jkif
ZXjf& cX<fik\ Llgi\dX
[\ Cljk`Z`X [\ cX GXZ`e& \e jl j\ek\eZ} [\c
+)(/(+))/% Zfe leX \ogi\j`e
d\dfiXYc\& #\jkXYc\Z\ \c&cd`k\ X cX[cjZi\ZcfeXc`[X[
\e dXk\i`X XdY`\ekXc4 !>c i\ZfefZ`d`\ekf
[\ \jkXklj
Zfejk`klZ`feXc [\c [\i\Z_f
Xc
^fZ\ [\ le XdY`\ek\ jXef& Xj Zfdf cX\ogi\jX p kg`ZXgi\m`j`e (Xkce\ek\ X cXfYc`^X!
Z`e [\ i\Zfdgfe\i
\c [Xf XdY`\ekXc #ef Zfe]`^liXe leX d\iX \ogi\j`e
[~ Yl\efj
p [\j\XYc\j
gifgj`kfj
gXiX cXj ^\e\iXZ`fe\j
[\c gfim\e`i& jlg\[`kX[fj
\e jl \]`ZXZ`X
X leX gfk\jkX[ [`jZi\Z`feXc [\ cfj gf[\i\j
gYc`Zfj& ]\[\iXc\j
fgifmceZcXc\j& j`ef cX
gi\Z`jX p gfj`k`mX [\Z`j`e
[\c Zfejk`klp\ek\
[\ *22- [\ \eld\iXip
a\iXihl`qXi Zfe
iXe^f jlgi\df
X le [\i\Z_f
gi\\o`jk\ek\
(((! $Zfej`[( 1!% +-'
'"
>e cXZXljX !EcXeZXe\cf!& el\jkiX <fik\ cfZXcZfe]`id cXec`[X[[\
cXi\jg\Zk`mX
=B:& Zfej`[\iXe[f
hl\ !EX i\jfclZ`e
`dgl^eX[X
X[fc\Z\ [\ cX`c\^Xc`[X[ dXe`]`\jkX
hl\ \o`^\ cXefidXk`mX Y}j`ZX hl\ _XZ\ gifZ\[\ek\
X cXXZZ`e [\ Xdg~)if( >jkf \j Xj
\e cXd\[`[X
\e hl\ cXi\jfclZ`e
`dgl^eX[X
Xlkfi`qX leX \ogcfkXZce_c[ifZXiYli'(
]\iX Xjld`\e[f
\c i`\j^f
Z`\ikf [\ hs#\YiXekXi cXgif_`Y`Z`e c\^Xc\ogi\jX
[\c Xck(+.
[\ cXc\p /)-.'
>j d}j& cfj gi`eZcg`fj hl\ `ejg`iXe ~c Xikf -*%<G&j\ Zfe[`Z\e Zfe \c
i\jl`kX[f
[\c i\ZcXdf \e cXj `ejkXeZ`Xj `e]\i`fi\j4 (( >e el\jkifZXjf&
gf[\dfj
[\Z`i4
cX[l[X \j ]XkXcgXiX \c gifp\Zkf [\ \ogcfkXZ`e _`[ifZXiYli]\iX
\e ki}d`k\ ((Efj gi`e'
Z`g`fj ZfejkkklZ`feXc\j
d}j cX gif_`Y`Z`e c\^Xc \o`^\e \ci\jlckX[f
gif[lZ`[f
gfi cX
al\q [\ gi`d\iX `ejkXeZ`X4 #Zfii\jgfe[\
Xek\s [\c`d`kXi\c }i\X eXkliXc( gifk\^`[X! +. '

e#f

&

+* F:KMG F:M>H& KXde& >RBTBEO


&&&
$Z`k(&mfc( *%g( 3.(

&

++ :ik( .v& c\p ,/(01/4

*1 F:KB>GAH??& F`^l\c L5&>RBTBEO


&&&
$ Zck(&
_' --+4 !Ifi gi`eZ`g`f& cX dfk`mXZ`e [\Y\ Zfek\'
e\i leX i\cXZ`e [\ cXj Z`iZlejkXeZ`Xj [\ _\Z_f p[\ [\i\Z_f
hl\ [\k\id`eXife
cX\dXeXZ`e
[\c XZkf $(((%>e [fj gXcXYiXj4 cXdfk`mXZ`e `[e\X f \]`ZXq i\hl`\i\
hl\ \ccX j\X jl]`Z`\ek\
gXiX
gf[\i
\ogc`ZXi Zfe \oXZk`kl[ cfj dfk`mfj [\k\id`eXek\j
[\c XZkf!(
*2 L:;L:R&

[\c :dY`\ek\!&
+'3(

=Xe`\c :( ' =BI:HE:& FXiX >(&!>B[sf XdY`\ekXc Zfc\Zk`mf p cXel\mX E\p @\e\iXc
/NBLFS EF LB7FHJS'BDJ^N/RHFNTJNB$
;fc\ke Be]fidXk`mf& eif( +1& EX E\p&,**-& gj(
&

+) <:LL:@G>& ClXe <Xicfj& !EX [`jZi\Z`feX[X[


2)3),**2&
g( 0(

!Ii`eZ`g`f [\ gif^i\jmc[X[4
E*3 fYa\k`mfj XdY`\ekXc\j [\Y\i}e
j\i
cf^iX[fj# \e ]fidX ^iX[lXc& X kiXm~j [\ d\kXj `ek\i`eXj p ]`eXc\j#&gifp\ZkX[Xj
\e le Zifef^iXdX
k\dgfiXc hl\ ]XZ`c`k\ cX X[\ZlXZ`e
Zfii\jgfe[`\ek\
X cXj&XZk`m`[X[\j i\cXZ`feX[Xj
Zfe \jfj
fYa\k`mfj! (
+,

<:LL:@G>& ClXe <Xicfj& >RBTBEO


&&&
$Z`k(

L\ek\eZ`X [\c ,*)0),$+%*0& Zfej`[( +#! \e F(+/03(QE& Zfdg\k\eZ`X


fi`^`eXi`X& !F\e[f'
qX&;\XkiBq L`cm`Xp fkifj m(>jkX[f GXZ`feXc p fkifj j)[Xfj
p g\ial`Z`fj
$[Xfj [\i`mX[fj
[\ cX
ZfekXd`eXZ`e XdY`\ekXc [\c Kf FXkXeqX K`XZ_l\cf%!(
( &
#
+-

X[d`e`jtsXk`mX p \c Zfekifc Tl[cfcX !& cCE[\c


[

+, !ME@aLffc\[X[
:eecidX \e @'2*(200 :jfZ`XZ`e
FqX& g) D9' [
dg& )Be ( f
(!&EE ,**/'='//,(

Almc Bs c`k BcFck+Ur+


:cccccck
+B
BBBAB
G! 4"*

H`bfj

K\[

:dY`\ekXc

K' @fY( [\

cXIifm(

#"$

:<MN:EB=:= :F;B>GM:E => E: IKHOBG<B:=> F#>G=HS:

>ekfeZ\j& cX[`jZi\Z`feXc`[X[
X[d`e`jkiXk`mX \jk} [\c`d`kX[X gfi cX]`eXc`[X[ jlj'
kXeZ`Xc[\cX Hc:4 cXgi\j\imXZ`e
[\c XdY`\ek\& cXZlXc \jkXYc\Z\ cXd\[`[X
[\ leX [\'
Z`j`e iXqfeXYc\ f \o\ekX [\ XiY`kiXi`\[X[(

K???' A7 :?7

g A7H ;I7E7H

;H;C9?7A;H

=`k}d\e\j
k~Ze`Zfj& [`Zk}d\e\j
j\Zkfi`Xc\j
X i\gXik`Z`fe\j
Zfe Zfdg\k\eZ`X \e
\cgifp\Zkf& [`Zk}d\e\j
dle`Z`gXc\j
jfe XZklXZ`fe\j
Y}j`ZXj [\c gifZ\[`d`\ekf
[\
>B:4>e i\cXZ`e Zfe \jkX (XZkm[X[&j\ _X [`Z_f4 !>j\ XZkf X[d`e`jkiXk`mf& hl\ \eZ`\iiX
Zfdgc\a`[X[& gi\Z\[`[f
[\ \jkl[`fj
[\ eXkliXc\qX k~Ze`ZX&k`\e\ eXkliXc\qX [\ Xlkfi`'
qXZ`e!& p &j\ ZXiXZk\i`qX gfi !cX gcliXc`[X[ f cXZfe]cl\eZ`X [\ XZkfj [\ dXk\i`Xj [`m\i'
jXj hl\ Zfe]fidXe
leX d`jdX [\Z`j`e5 [\ kXcdf[f& cXZfeZii\eZ`X
[\ mfclekX[\j
m`\e\ X jXk`j]XZ\i le e`Zf `ek\i~j hl\ i\jlckX ZfdgXik`[f& [\j[\
jlj Xjg\Zkfj dXk\'
i`Xc\j& gfi [cjk`ekfj(i^Xefj
[\ cX:[d`e`jkiXZ`e!
+/'
scX c\p /30+ \jkXYc\Z\ hl\ cX=\ZcXiXZ`e [\ zdfXZkf :ieY`\ekXc $Hc:%j`e Xl[`\e'
Z`X5gYc`ZXe` [`ZkXd\e k~Ze`Zf \j elcX $Xik(-.%( :dYXj jfe ^XiXekXj [\ fYa\k`m`[X[
[\c gifZ\[`d`\ekf
p Zfejk`klp\e leX Xgc`ZXZ`e [\c gi`eZ`g`f [\ m\i[X[ dXk\i`Xc( >e i\'
cXZ`eZfe cXXl[`\eZ`X gYc`ZX&!pX ef j\ [l[X XZ\iZX [\ cX`dgfj`Y`c`[X[
[\ \jZ`e[`i
cXm\i[X[ dXk\i`Xc [\ cfj gi`eZ`g`fj [\ kiXejgXi\eZ`X gYc`ZX p [\ekif [\ \ccX[\c XZZ\'
jf X cX`e]fidXZ`e p cXgXik`Z`gXZ`e! +0' EX Hc:& gfi \ccf& [\Y\ Zfej`[\iXi
gXik`ZlcXi'
d\ek\ cXj dXe`]\jkXZ`fe\j
l fg`e`fe\j
m\ik`[Xj& cXj hl\ e3 jfe m`eZlcXek\j& g\if hl\
[\Y\e j\i XeXc`qX[Xj p k\e`[Xj \e Zl\ekX p \e ZXjf [\ j\i [\j\jk`dX[Xj&
j\ [\Y\i}
]le[Xd\ekXi
kXc[\Z`j`e
$Xik( +2& [\Z( ,+*3)+330
p Xik( .v& i\j( +*3)+330
F:pHI%(
Mf[f \ccf Zfe]fid\
X cXE\p GXZ`feXc [\ Ifck`ZX :dY`\ekXc $Xikj( ,* p ,+& c\p ,/(01/%(
Gl\jkiX <fik\ Xci\jg\Zkf
_X [`Z_f4 !?`eXcd\ek\& X \j\ XZkf X[d`e`jkiXk`mf hl\`d'
gc`ZXZfdgc\a`[X[& [\ ZXi}Zk\i k~Ze`Zf& hl\ #\eZ`\iiX leX Xlkfi`qXZ`e hl\ j\ m`eZlcX X
fkiXj Xlkfi`qXZ`fe\j&
j\ [`ZkX \e le gifZ\[`d`\ekf
\e \c hl\ cXgXik`Z`gXZ`e Zfejkkl'
p\ le \c\d\ekf
\j\eZ`Xc [\ mXc`[\q! +1'"
%
>e i\cXZ`e Xc[`ZkXd\e k~Ze`Zf hl\ [\Y\ i\hl\i`ij\
X le`m\ij`[X[\j
f Z\ekifj [\
`em\jk`^XZ`e& k`\e\ gfi fYa\kf i\m`jXi p XeXc`qXi cX[fZld\ekXZ`e
jld`e`jkiX[X
[\j'
[\leX
g\ijg\Zk`mX k~ZecZf'Z`\ekZX $m\i Xikf /v&c\p /30+%( IifZliX
XcZXeqXi cXdXpfi
Z\ik`[ldYi\
jfYi\
\c \m\eklXc `dgXZkf hl\ i\Z`Y`i}e cXj i\cXZ`fe\j \Zfj`jk~d`ZXj&
`k`c'
#kcc&cp\e[f\e \jkf cXZfej`[\iXZ`e
[\ cfj mXcfi\j p Y`\e\j jfZ`Xc\j( >c[`ZkXd\ek~Zd`'
LsHYj\sU1Xi} p i\Zfd\e[Xi}
cXj Zfe[`Z`fe\j&
[\ Zfii\jgfe[\i&
hl\ [\Y\iXe
j\i `d'
gl\jkXj
Xcgifp\Zkf gXiX Xj\^liXi
cXjljk\ekXY`c`[X[
XdY`\ekXc(
I\if j` Y`\e cX c\p /30+ \ogi\jX \jkXj \jg\Z`Xc\j
Zfe[`Z`fe\j
[\ c\^`k`d`[X[ [\c
gifZ\[`d`\ekf&
ZfeZlii\e
kXdY`~e fkifj XZkfj jljkXeZ`Xc\j
jla\kfj
X cXj efidXj
[\
cX'E\p -3*3 [\ IifZ\[`d`\ekf
:[dcejkiXkmf( :j& \c Xikf -/ \o`^\ hl\ Xek\j [\c [`ZkX&
[f [\c XZkf X[d`e`jkiXk`mf [\Y\ Zldgc`ij\
Zfe kf[fj
cfj XZkfj jljkXeZ`Xc\j
gi\m`jkfj
\ogi\jX f #`dgcZ`kXd\ek\ gfi \c fi[\e
efidXk`mf( EX d`jdX c\p \jkXYc\ \e \c Xik( 0+&

?XccfZ`kX[f& !Fle`Z`gXc`[X[ [\ Ela}e [\ <lpf m(@fY`\ief [\ cXIifm`eZ`X [\ F\e[fqX


[\ gf[\i\j!&
+0 BO:G>@:&
F`i`Xd& !IifZ\[`d`\ekf
X[d`e`jkiXk`mf ((&!&Z`k(
+1 ?XccfZ`kX[f&!Fle`Z`gXc`[X[ [\ Ela}e [\ <lpf m(@fYc\ie\ [\ cXKifm`ef`X [\ F\e[f7#4]c
j)ZfekZkf [\ gf[\i\j!(
+/

j)Zfe`Zkf

#"%

E: =><E:K:<`{G => BFI:<MH :F;B>GM:E >G F>G=HS:

`eZ( Y%&
hl\ \c m`Z`f [\c XZkf j\i} ^iXm\ p \e Zfej\Zl\eZ`X
elcf j` \c XZkf j\ _X \d`k`[f
fd`k`\e[f
\c Zldgc`d`\ekf
gi\m`f [\c Xc^e ki}d`k\ jljkXeZ`Xc( >ekfeZ\j [\Y\ Zfej`'
[\iXij\
Zfdgi\e[`[fj
Zfe cXd`jdX a\iXihlX cfj [cZk}d\e\jdle`Z`gXc\j
p cfj [`Zk}'
d\e\j
j\Zkfi`Xc\j& gi\m`jkf gfi cX c\p /30+ p \c [\Zi\kf
i\^cXd\ekXi`f
[\c( gifZ\[`'
d`\ekf [\ >B:(
Gf [\Y\ [l[Xij\
[\ hl\ j` Zfe&~c Zfealekf [\ XZklXZ`fe\j
cXXlkfi`[X[
ef _X Xc'
ZXeqX[f cXZ\ik`[ldYi\
e\Z\jXi`X jfYi\
Xjg\Zkfj
XdY`\ekXc\j &ZilZ`Xc\j gXiX \d`k`i
jl [\Z`j`e& [\Y\i}
i\hl\i`i& Zfe]fid\
Xcgi`eZ`g`f [\ m\i[X[ i\Xc& cXgif[lZZ`e
[\ XZ'
kfj ZZdgc\d\ekXi`fj
Zfe \c ]`e [\ XcZXeqXi \c e\Z\jXi`f
\jZcXi\Z`d`\ekf(

?L' A7 :?7

g ;A EG?C9?EY^

R; EG;97J9?sC

Efj \jkl[`fj
p XZkfj gi\m`fj X cX\d`j`e
[\ cX =B: gl\[\e
`[\ek`]`ZXi Xjg\Zkfj
XdY`\ekXc\j [fe[\
ef j\ XcZXeZ\ cXZ\ik\qX Z`\ek]`ZX e\Z\jXi`X jfYi\ [\k\id`eX[Xj
Zfe[`Z`fe\j
XdY`\ekXc\j& cf hl\ [`]`ZlckX&#\e gi`eZ`g`f& cXj d\[`[Xj
hl\ \m`k\e \c gif'
YXYc\ [Xf XdY`\ekXc( >e \jkfj ZXjfj& ZlXe[f j\ \jk`d\
hl\ ~jk\ gl\[\
j\i ^iXm\ f
`ii\m\ij`Yc\& Zfii\jgfe[\
_XZ\i Xgc`ZXZ`e [\c gi`eZ`g`f [\ gi\ZXlZ`e
+2'
=\j[\
cX g\ijg\Zk`mX [\c [\i\Z_f
XdY`\ekXc& cX `eZ\ik`[ldYi\
\j XYfi[X[X d\'
[`Xek\ cXXgc`ZXZ`e [\c gi`eZ`g`f [\ gi\ZXlZ`e& hl\& Xc`^lXc hl\\c
gi`eZ`g`f [\ gi\'
m\eZ`e& `ek\im`\e\ \o (.2* [\c [Xf XdY`\ekXc ,)' >c gi`eZ`g`f [\ gi\ZXlZ`e Zfejkc'
klp\le
gclj X[`Z`feXc X cXefidXc [`c`^\eZ`X hl\ i\jlckX [\c ZfefZ`d`\ekf
Zc\ek]cZf p
X cXj Zfej\Zl\ek\j
gi}Zk`ZXj gi\m\ek`mXj& \ `dgfe\ Xc&
[\Z`jfi& gYc`Zf f gi`mX[f& \c
[\Y\i
[\ X[fgkXi d\[`[Xj
\]`ZXZ\j ZlXe[f
_XpX g\c`^if [\ [Xf XdY`\ekXc ^iXm\ f
`ii\m\ij`Yc\( Ne \jkl[`f
[\ i`\j^f j\iX leX d\[`[X
Zfdgc\d\ekXi`X
gXiX jl X[\ZlX'
[X Xgc`ZXZ`e %,*'
>ekfeZ\j& cXXgc`ZXZ`e [\ \jk\ gi`eZ`g`f ef jlgfe\
e\Z\jXi`Xd\ek\
\c i\Z_Xqf [\c
gifp\Zkf& \o`^\ hl\ cXj d\[`[Xj
j\Xe \]`ZXZ\j& gXiX `dg\[`i cX[\^iX[XZ`e
[\c d\[`f
XdY`\ek\( >e ZXjf [\ hl\ \jkf j\X `dgfj`Yc\ [\ Xk\e[\i 9D?"[ d\[`[Xj
gi\ZXlkfi`Xj
iXqfeXYc\j& Zfii\jgfe[\i}
\c i\Z_Xqf [\c gifp\Zkf(

L' ;B?H?sC

:;

A7 :?73 9G?I;G?DH

:;

;K7AJ79?sC

EX =\ZcXiXZ`e [\ BdgXZkf :dY`\ekXc& Zfdf Zlcd`eXZ`e [\ \j\ gifZ\[`d`\ekf&


[\Y\ Zfek\e\i cXj gi\m`j`fe\j
i\jlckXek\j
[\ cX\mXclXZ`e [\ cfj gfj`Yc\j `dgXZkfj
XdY`\ekXc\j m`eZlcX[fj Xc\dgi\e[`d`\ekf
X Xlkfi`qXi(
IXiX \ccf cXc\p \o`^\ hl\ cXXlkfi`[X[
![\Y\i}
Zfej`[\iXi
\e cfj Xe}ccj`j[\kfj
i\'
jlckX[fj
gif[lZ`[fj
\e cXj [`jk`ekXj \kXgXj[\c
gifZ\[`d`\ekf!
$Xik&-/%( >jkf \j& [\'

+2 :ik( .v& c\p ,/&01/4 !Ii`eZ`g`f gi\ZXlkfi`f4 <lXe[f


_XpXg\cc^if [\ [Xf ^iXm\ f cii\m\i'
j`Yc\ cXXlj\eZ`X [\ `e]fidXZ`e f Z\ik\qX Z`\ek]`ZX_X [\Y\i} lk`c`qXij\ Zfdf iXqe gXiX gfj'
k\i^Xi cXX[fgZ`e [\ d\[`[Xj \]`ZXZ\j& \e ]leZ`e [\ cfj'Zfjkfj& gXiX `dg\[`i cX[\^iX[XZ`e
[\c d\[`f XdY`\ek\!&
,) O\i <:??>K:MB:&G~jkfi& !>c gi`eZ`g`f gi\ZXlkfi`f
p \c [\i\Z_f
XdY`\ekXc!& EE [\c
-)+,),**-(
!
,* IXiX >jkiX[X Hpl\cX&\j fYc`^Xkfi`f4msi!>c gi`e<`I`f f \e]fhl\
gi\ZXlkfi`f \e \c [\i\Z_f
Bek\ieXZ`feXcp \e cXE\4p@\e\jXc [\c :dY`\ek\!& EE[\c ,,)3),**-(
GDe[[[/ T D^a^^Y*D 7?[Y[[[5[?[?>?C!

-,0

:<MN:EB=:=

:F;B>GM:E

=> E: IKHOBG<B:

=> F>G=HS:

Y\i} \mXclXij\ cXgi\j\ekXZ`e


[\c gifgfe\ek\
[\c gifp\Zkf& \c [`ZkXd\e k~Ze`Zf& cfj
[`Zk}d\e\j
j\Zkfi`Xc\j& cfj [`Zk}d\e\j
dle`Z`gXc\j& cXj fg`e`fe\j
m\ik`[Xj \e cX Y[J&
[`\eZ`X(gYc`ZX& kf[X fkiX [fZld\ekXZ`e
f gi\j\ekXZ`e
`eZfigfiX[X
Xc\og\[`\ek\
p
hl\ j\X i\c\mXek\ gXiX cXkfdX [\ [\Z`j`e(
IXiX \jkX \mXclXZ`e cXc\p jld`e`jkiX
Zi`k\i`fj4
X%\c fi[\eXd`\ekf
\Zfc^`Zf gifm`eZ`Xc&Zfe jlj jlYj`jk\dXj
\ `ek\iXZZ`fe\j5(
Y%cXj [`jgfj`Z`fe\j
c\^Xc\j p gcXe\j [\ dXe\af [\ cXj }i\Xj
gifk\^`[Xj
eXkliX'
c\j p liYXeXj5
\%cfj Zi`k\i`fj \Zfc^`Zfj
gXiX cXgifk\ZZ`e [\ cX]cfiX p [\ cX]XleX& gXiX \c Xgif'
m\Z_Xd`\ekf iXZ`feXc [\ cfj i\Zlijfj
eXkliXc\j p gXiX cXgifk\ZZ`e [\c XdY`\ek\5
[% cXj i\^lcXZ`fe\j
jfYi\
fi[\eXd`\ekf
k\ii`kfi`Xc p kf[Xj Xhl\ccXj fkiXj ZfeZ\i'
e`\ek\j X cXgi\j\imXZ`e
XdY`\ekXc5
\%cfj fYa\k`mfj [\ cXgfck`ZXXdY`\ekXc gifm`eZ`Xc&cXZlXc Xidfe`qXi}
cXj e\Z\j`[X'
[\j [\c [\jXiifccf(\Zfed`Zf
p jfZ`Xc Zfe cXj [\c jfjk\e`d`\ekf
p d\afiXd`\ekf
[\ cX
ZXc`[X[ [\ m`[X [\ cfj _XY`kXek\j [\ cXgifm`eZ`X ((
>cXZkf&gXiX j\i iXqfeXYc\& [\Y\i}
i\jgfe[\i
X \ccfj(

L?' Hd 9DCI;C?:D

; ?CHIGJ99?DC;H

EX]fidX [\ cX=B:&\e kXekf i\jfclZ`e


[\ cXXlkfi`[X[
XdY`\ekXc Zfdg\k\ek\& j\
Zfe]fidX
\e cXgi}Zk`ZX X[d`e`jkiXk`mX [\ Zfej`[\iXe[fj
hl\ i\cXkXe [\kXccX[Xd\ek\
\c gifZ\[`d`\ekf
p jlj \kXgXj(
>e jl gXik\ [`jgfj`k`mX gl\[\4
+%Xlkfi`qXi cXi\Xc`qXZ`e [\c gifp\Zkf kXcZfdf ]l\ gi\j\ekX[f5
,% Xlkfi`qXicf g\if Zfe[`Z`feX[f
XcZldgc`d`\ekf
[\ cXj `ejkilZZ`fe\j
hl\ j\ \j'
kXYc\qZXe Zfdf i\jlckX[f
[\ cXj fYj\imXZ`fe\j
k~Ze`ZXj p [\ cXj ZfejlckXj gYc`ZXj5
-% e\^Xi cXXlkfi`qXZ`e gXiX hl\ j\ \a\Zlk\ \c gifp\Zkf(
Ef _XY`klXc&\e ZXjf [\ hl\ j\ Xlkfi`Z\& \j hl\ j\ `dgfe^Xe `ejkilZZ`fe\j
,+% ~j'
kXj ]`aXe cXj Zfe[`Z`fe\j
\e hl\ [\Y\ i\Xc`qXij\& cXj d\[`[Xj
Zfii\ZkfiXj
hl\ [\Y\e
Xgc`ZXij\ p&X[\d}j&
cXj gi\jZi`gZ`fe\j
g\ik`e\ek\j
jfYi\( \c g\if[f
[\ j\^l`d`\ekf
[\ jl X[\ZlX[X
gl\jkX \e gi}Zk`ZX(
( (
>jkXj `ejkilZZ`fe\j
`ek\^iXe \c XZkf [\ Xlkfi`qXZ`e p Zfejk`klp\e
efidXj
gi\Z\g'
k`mXjhl\ j\ `dgfe\e
Xcgifp\Zkf( Ll Zfek\e`[f
\j [`m\ijf( L\^e \c gifp\Zkf gl\[\e
j\i(&`e]fidXk`mXj& Zfii\Zk`mXj& fi^Xe`qXk`mXj( HkiXj m\Z\j `dgfe\e
Zfe[`Z`fe\j
\Zfe'
d`ZX!j& jfZ`Xc\j& \kZ~k\iX(
L\ [`jk`e^l\e
cXj `ejkilZZ`fe\j
^\e\iXc\j
hl\ Zfdgi\e[\e
Zl\jk`fe\j
`ejk`klZ`f'
eXc\j& gi\j\ekXZ`e
[\ `e]fidXZ`e& g\id`jfj
[\ XZZ\jf XcX fYiX& j`jk\dXj
[\ dfe`'
kfi\f& gcXe\j [\ Zfek`e^\eZ`Xj& gi\j\ekXZ`e
[\ `e]fid\j
g\i`[`Zfj&
j\^lifj
XdY`\e'
kXc\j& \kZ( El\^f j\ \jkXYc\Z\e cXj `ejkilZZ`fe\j
gXik`ZlcXi\j& [`jk`e^l`\e[f
Xhl\ccXj
hl\ jfe fYc`^Xkfi`Xj \e kf[Xj cXj \kXgXj [\c gifp\Zkf [\ cXj hl\ jfe \o`^`Yc\j \e cX
\kXgX gi\m`X Xc`e`Z`f [\ cXj XZk`m`[X[\j& \e cX\kXgX [\ ZfejkilZZ`e
[\ cXj fYiXj Z`p '

,+ F:KB>GAH??& F`^l\c
L(& >RBTBEO
&&&
$Z`k(&g( -.34 !>c L`^e`]`ZX[f _atScYS^'TUcXj Zc}ljlcXj
f \c\d\ekfj
XZZ`[\ekXc\j hl\ j\ `eZclpXe \e(\c XZkf X[d`e`jkiXk`mf& Zfej`jk\
\e hl\ cfj \]\Zkfj
[\ [`Z_f XZkf j\Xe d}j \ok\ejfj
f d}j c`d`kX[fj hl\ cfj hl\ \c XZkf #_lY`\i\ gif[lZ`[f
j`e jl
`eZclj`e( EXj Zc}ljlcXj
f \c\d\ekfj
XZZ`[\ekXc\j j\ i\cXZ`feXe XcZfek\e`[f
p fYa\kf [\c XZkf!(
:Y B [fI

sifk $<%

E: =><E:K:<`{G

=> BFI:<MH

:F;B>GM:E

-,1

>G F>G=HS:

c\j f \e cX\kXgX [\ ]leZ`feXd`\ekf


[\c \dgi\e[`d`\ekf(
AXp =B: Zfdf cXj(d`e\iXj&
hl\ \jkXYc\Z\e efidXj
i\cXZ`feX[Xj Zfe \c Z`\ii\ [\ cXd`eX(
>e i\cXZ`e XcZfekifc& \c [\Z( +*)2(*22-% \e jl Xik( ++%
[`jgfe\4
!EXm`^`cXeZ`Xp
]`jZXc`qXZ`e [\ cf \jkXYc\Z`[f
\e cX =\ZcXiXZ`e [\ cdgXZkf':ieY`\ekXc'k\e[i}
Zfdf
\]\Zk`mX m\cXi gfi \c Zldgc`d`\ekf
\jki`Zkf [\ cXj efidXj
p [`i\Zk`mXj Xcc\jkXYc\Z`[Xj
gXiXhl\& \e i\cXZ`e Zfe \c d\[`f
XdY`\ek\& cXXZk`m`[X[ l fYiX j\ i\Xc`Z\ j\^e
cXj
Zfe[`Z`fe\j
\e hl\ j\ _lY`\i\
Xlkfi`qX[f(
>e ZXjf [\ hl\ j\ ZfdgifYXiX
Xc^leX `e'
]iXZZ`e&j\i}e
[\ Xgc`ZXZ`e cXj jXeZ`fe\j
gi\m`jkXj \e \c Mklcf O [\ cXc\p .2/*"3'
EX \mfclZ`e X[d`e`jkiXk`mX [X ZX[X m\q dXpfi i\c\mXeZ`X X cX]leZ`e [\ m`^`cXe'
Z`Xp Zfekifc5 \e kXekf j\ _X Zi`k`ZX[f hl\ \c gifZ\[`d`\ekf&
j` Y`\e j\ Zldgc\&dlZ_Xj
m\Z\j cfj gifp\Zkfj
ef i\jgfe[\e
X(cXj `ejkilZZ`fe\j
`dgl\jkXj(

L??' n;L?HI;

A7 :?7

Io9?I76

EX E\p [\ ;Xj\j
[\c F\[`f
:dY`\ek\
Z_`c\eX *2',)) \jkXYc\Z\ hl\ cX>mXclXZ`e
[\c BdgXZkf :dY`\ekXc j\ cc\mXX ZXYf d\[`Xek\
leX =\ZcXiXZ`e [\ BdgXZkf :dY`\e'
kXc$=B:%f le >jkl[`f
[\ BdgXZkf :dY`\ekXc $>B:%,,' IXiX [\k\id`eXi
hl~ gifp\Zkfj
f XZk`m`[X[\j [\Y\e \]\ZklXi leX =B: f [\jXiifccXi
le >B:&cXc\p \jkXYc\Z\ leX j\i`\
[\ Zi`k\i`fj hl\ gi\k\e[\e
\jk`dXi \c ^iX[f [\ i`\j^f XdY`\ekXc `dgcZ`kf \e cfj gif'
p\Zkfj f XZk`m`[X[\j( L` cfj gifp\Zkfj
f XZk`m`[X[\j ^\e\iXe f gi\j\ekXe& X (+*d\efj&
lef [\ cfj \]\Zkfj
`e[`ZX[fj& [\Y\i}e
\cXYfiXi le >B:5\e ZXjf ZfekiXi`f&jcf
[\Y\'
i}e gi\j\ekXi
leX( =B:(
EX i\jfclZ`e
hl\ ZXc`]`ZXgfj`k`mX f e\^Xk`mXd\ek\ le >B: f leX =B: k`\e\ \c ZXi}Z'
k\i [\ le(jlgiXg\id`jf
XdY`\ekXc& pX hl\ j` \j gfj`k`mX&e`e^e fi^Xe`jdf
[\c >jkX[f
gl\[\
e\^Xi cXj Xlkfi`qXZ`fe\j
}dYc\ekXc\j
g\ik`e\ek\j& p j` ~jkX \j e\^Xk`mX&cfj fi'
^Xe`jdfj
[\c >jkX[f \jk}e fYc`^X[fj X e\^Xi cXj Zfii\jgfe[`\ek\j
Xlkfi`qXZ`fe\j
f
g\id`jfj
XdY`\ekXc\j g\ik`e\ek\j4 L\ \jkXYc\Z\ le !jfigi\e[\ek\
j`jk\dX
[\ [fYc\
XgifYXZ`e k}Z`kX#4
((%,-3 j` \c fi^Xe`jdf
ef j\ \og`[\ f j\ gifeleZ`X jfYi\ cXZXc`]`ZXZ`e
[\c >jkl[`f [\ BdgXZkf :dY`\ekXc& \e le gcXqf [\k\id`eX[f&
j\ k`\e\ gfi XgifYX[f( L`
cfj fi^Xe`jdfj
\jkXkXc\j i\jgfejXYc\j
[\ [Xi cXj Xlkfi`qXZ`fe\j
ef j\ \og`[\e leX
m\q \dgcXqX[fj& cXXlkfi`[X[
XdY`\ekXc cfj k\e[i} gfi Xlkfi`qX[fj
((
>e el\jkif
fi[\eXd`\ekf
gifm`eZ`Xc ef _Xp efidX hl\ i\m\c\ cXfYc`^Xkfi`\[X[
[\
hl\ cX=B: j\X \ogi\jX& ef \o`jk`\e[f& \e Zfej\Zl\eZ`X&
cXXgifYXZ`e k}Z`kX gfi j`c\e'
Z`f [\ cX:[d`e`jkiXZ`e(
L\ Xgc`ZXcf [`jgl\jkf
\e \c Xik( +1 [\ cXE\p ,2)2 [\ IifZ\'
[`d`\ekfj
:[d`e`jkiXk`mfj(

L???' ;AI;B7@$;ADH
;C A7:?7

;HIJ:?DH

9DBEA;B;CI7G?DH

?BEJ;HIDH

AXp Xlkfi`qXZ`fe\j
XdY`\ekXc\j $=B:%hl\ Zfek`\e\e Zfdf `ejkilZZ`e cX i\Xc`qX'
Z`e [\ \jkl[`fj
gi\m`fj Xc `e`Z`f [\ cXXZk`m`[X[( ?leZ`feXe Zfdf Zfe[`Z`e gXiX cX
\a\ZlZ`e [\c XZkf( >jkf [\Y\ j\i Zfej`[\iX[f
Zfe [\Y`[f
Zl`[X[f(
L` \jfj
\jkl[`fj
,,
>c mfZXYlcXi`f
dXe\aX \e \c gi\j\ek\
-.
efmcHcf [l

\dgc\X[f
kiXYXaf(

\e cX c\^`jcXZ`e

Z_`c\eX'[`]`\i\

jljkXeZ`Xcd\i`k\

BKB;:KK>G& tt5\[ icff C! 2VBLUBDJ^NEF 5MPBDTO/MCJFNTBL,&$


&Zk(&gj( ++,)++-(
=fi *++* :ckUcccdckGB
C! i"?

[\c hl\

j\

#"'

:<MN:EB=:=

:F;B>GM:E

=> E: IKHOBG<B: => F>G=HS:

jfe \o`^\eZ`Xj Zfdgc\d\ekXi`Xj


gXiX leX d\afi i\Xc`qXZ`e [\ cXXZk`m`[X[&ef Xck\'
iXiX cXjljkXeZ`X gi\m\ek`mX [\ cXHc:5 g\if j` \ccfj \jk}e [\jk`eX[fj
X `[\ek`]`ZXi Xj'
g\Zkfj \ `dgXZkfj XdY`\ekXc\j [\ cXXZk`m`[X[ d`jdX& hl\ [\Y\iXe
_XY\i j`[f gXik\
[\c gifZ\[`d`\ekf
d`jdf& cX[\Z`j`e
\jkXiX X]\ZkX[X [\ le m`Z`f ^iXm\ hl\ gifmfZX'
iX jl elc`[X[(
& F`^l\c FXi`\e_f]]
[`jk`e^l\
cXZfe[`Z`e jljg\ej`mX
[\c df[f(
K\jg\Zkf [\#cX Zfe'
[`Z`e jljg\ej`mX& \ogi\jX4 !>c XZkf [`jZi\Z`feXc _X [\ \d`k`ij\
jfY\ cXYXj\ [\ cXj`'
klXZ`e [\ _\Z_f \o`jk\ek\ \e cXXZklXc`[X[& p ef \e d~i`kf Xc\m\eklXc f gfj`Yc\ ZXd'
Y`f hl\ \jX j`klXZ`e k\e[i} \e cf ]lklif& cf hl\ [X Zfdf i\jlckX[f
cX`dgifZ\[\eZ`X
[\ cX#Zfe[`Z`e jljg\ej`mX#
i\jg\Zkf
XcXZkf X[d`e`jkiXk`mf( Efj XZkfj X[d`e`jkiXk`mfj
hl\ j\ \d`kXe j`e cXZfeZlii\eZ`X
XZklXc [\ cfj _\Z_fj hl\ aljk`]`ZXe jl \d`j`e
jfe
XZkfj m`Z`X[fj gfi ]XckX[\ ZXljX f dfk`mf!( >e i\cXZ`e Xcdf[f& hl\ Zfej`jk\ \e leX
\jg\Z`Xc fYc`^XZ`e hl\ \c XZkf \ogi\jXd\ek\
c\ `dgfe\ XcX[d`e`jkiX[f&
cXZfej`[\iX
m}c`[X j` j\ kiXkX \]\Zk`mXd\ek\
[\ leX fYc`^XZ`e X ZXi^f [\c X[d`e`jkiX[f&
Zlpf `e'
Zldgc`d`\ekf
gf[iX XZXii\Xi cX\ok`eZ`e [\c XZkf gfi ZX[lZ`[X[
,.'
>e Zfej\Zl\eZ`X&
j` \jfj
\jkl[`fj
`dgl\jkfj
XcX[d`e`jkiX[f
gXiX cX\a\ZlZ`e [\c
XZkf [\YXe ]fidXi
gXik\ [\ cfj \jkl[`fj
`e`Z`Xc\j X gi\j\ekXi
gfi \c gifgfe\ek\
[\ cX
XZk`m`[X[&\jkXiX \e [`jZfi[XeZ`X
Zfe cXj`klXZ`e [\ _\Z_f X \mXclXi& gfi cf hl\ cXj
ZfeZclj`fe\j
[\ cX Hc: ef i\jgfe[\iXe
X cXj`klXZ`e XZklXc&\e kXekf ef j\ \mXcl
Xjg\Zkfj jljkXeZ`Xc\j
[\ cXXZk`m`[X[&X]\ZkXe[f \c ]`e gi\m\ek`mf gXiX ZfeZ\[\i
cXXl'
kfi`qXZ`e( El\^f& \ccX gX[\Z\iX [\ le m`Z`f ^iXm\ [\ cXmfclekX[ gi\m`f X cX\d`j`e
[\c XZkf&\e jl ]fidX f \e jl fYa\kf ,/' Ifi \c ZfekiXi`f& j` \jfj
\jkl[`fj
`dgl\jkfj
XcX[d`e`jkiX[f
j`dgc\d\ek\
jfe le df[f
gXiX jl d\afi \a\ZlZ`e& j\iXe m}c`[fj(

L?K' G;K?H?sC

EDHI;G?DG

:;

,.

F:KB>GAH??& F`^l\c
:ikj(

=> BFI:<MH :F;B>GM:E

#"(

>G F>G=HS:

Z`f H gfi [\eleZ`X Zfe le Zi`k\i`f Xdgc`f& hl\& Zfej`[\iXdfj&


]fidX gXik\ [\c fYa\k`'
mf \j\eZ`Xc [\c gifZ\[`d`\ekf(
>e dXk\i`X d`e\iX gifZ\[\
cXi\m`j`e Y`XelXc [\c cXHc: $c\p,.(/2/
p [\Z( 2,*),**0%(
>jkX fYc`^XZ`e ef \jk} \e cXc\p e` \e i\^cXd\ekXZ`e gXiX cXj [\d}j
XZk`m`[X[\j& g\if
_X j`[f `eZfigfiX[X
gfi cXXlkfi`[X[
gifm`eZ`Xc[\ Xgc`ZXZ`e\e cXj Hc: gXiX ZX[X gif'
p\Zkf Xlkfi`qX[f(

#()& ;LI?C9?sC

A7 D[7

:;

EX Hc:&\eki\ fkiXj ZXljXc\j& gl\[\


\ok`e^l`ij\
gfi \og`iXZ`e [\c gcXqf&gfi `dgf'
j`Y`c`[X[ [\ _\Z_f jfYi\m`e`\ek\
f gfi ZX[lZ`[X[
$Xik(2.&c\p -3*3%(
WEXZX[lZ`[X[
\j leX ]fidX [\ \ok`eZ`e [\c XZkf X[d`e`jkiXk`mf gfi \c`eZldgc`'
d`\ekf ^iXm\ p ZlcgXYc\ [\ cXj fYc`^XZ`fe\j jljkXeZ`Xc\j
`dgl\jkXj
XcX[d`e`jkiX[f(
>j& gl\j& leX g\eX& leX jXeZ`e X[d`e`jkiXk`mX ,0' IifZ\[\
\e cX d\[`[X
\e hl\ \c
`eZldgc`d`\ekf
[\ cXj fYc`^XZ`fe\j gfi \c `ek\i\jX[f
]l\ife
cXZfe[`Z`e [\c fkfi^X'
d`\ekf [\ cXHc:( >c Zfek\e`[f
[\ cXHc: `dgfe\ fYc`^XZ`fe\j [`m\ijXj X cX\a\ZlZ`e
[\c gifp\Zkf( >e ZX[X ZXjf [\Y\i}
Zfej`[\iXij\
cX`dgfikXeZ`X [\ cfj `eZldgc`d`\e'
kfj gXiX gifZ\[\i
X Xgc`ZXi \jkX jXeZ`e(
>e i\cXZ`e Zfe cX`dgfj`Y`c`[X[
[\ _\Z_f jfYi\m`e`\ek\& Zfii\jgfe[\
[\ZcXiXi cX
\ok`eZ`e [\ cXHc:& pX hl\ cXi\Xc`[X[ \mXclX[X _X [\m\e`[f\e
`eZfdgXk`Yc\ Zfe \c
gifp\Zkf& gi`mXe[f [\ ZXljX X cXXlkfi`qXZ`e fkfi^X[X $le Xclm`e df[`]`Z \c j`k`f \e
\c hl\ j\ _XYX Xlkfi`qX[f
leX ZfejkilZZ`e
i\j`[\eZ`Xc%(
EX df[`]`ZXZ`e jfYi\m`e`\ek\
[\ cXj Z`iZlejkXeZ`Xj ]}Zk`ZXj p \c gcXqf [\ \og`iX'
Z`e \o`^\e leX Zfej`[\iXZ`e
dXpfi& hl\ j\ m\ \e \c glekf j`^l`\ek\

A7 D[7

EX i\m`j`e gfjk\i`fi
[\ cXHc: j\ jljk\ekX
\e \c Xik( ,- [\c [\Zi\kf
i\^cXd\ekXi`f
,+*3)+33.
[\ cXc\p /30+( >jkX gfj`Y`c`[X[& \e gi`eZ`g`f& k`\e\ le ZXi}Zk\i c`d`kX[f4
ZlXe[f Zfe gfjk\i`fi`[X[
QcXHc: j\ [`ZkXi\e f X[fgkXi\e efidXj [\ ZXc`[X[ jlg\i`f'
i\j f [\ dXpfi i`^lifj`[X[
X cXj \jkXYc\Z`[Xj \e \c gifp\Zkf XgifYX[f(
I\if \c gifZ\[`d`\ekf
[\ `e]fid\
[\ gXik`[X gi\m`jkf gfi \c d`jdf
[\Zi\kf
i\^cX'
d\ekXi`f gl\[\
cc\mXiX cXi\m`j`e kiXjZ\e[`\e[f
\c Zi`k\i`f efidXk`mf [\c Xik( ,-& Xc
[\k\id`eXi
hl\ !EXj fYiXj p XZk`m`[X[\j Zfdgi\e[`[Xj
\e \c :e\of B[\ cXc\p /30+&
hl\ X cX]\Z_X [\ \ekiX[X \e m`^\eZ`X [\ cXgi\j\ek\
i\^cXd\ekXZ`e
j\ \eZl\eki\e
ZfeZcl`[Xj f \e gifZ\jf
[\ ZfeZclj`e p)f [\ \a\ZlZ`e& p ZlXe[f X Zi`k\i`f [\ cXXl'
kfi`[X[ [\ Xgc`ZXZ`e _XpXe [\m\e`[f
\e i`\j^fjXj
gXiX \c d\[`f
XdY`\ek\& [\Y\i}e
gi\j\ekXi
\e \c gcXqf hl\ \e ZX[X ZXjf j\ \jkXYc\qZX le `e]fid\
[\ gXik`[X& Zfe \c fY'
a\kf hl\ cXj d`jdXj
j\Xe Zfii\^`[Xj
f X[XgkX[Xj [\ XZl\i[f
X cXj gfj`Y`c`[X[\j
k~Z'
e`ZXj p Zfe]fid\
X cfj i\hl\i`d`\ekfj
hl\ fgfikleXd\ek\
j\ \jkXYc\qZXe! $Xik( ,.%(
EX efidX& \e gi`eZ`g`f& gXi\Z\ Xgc`ZXYc\X gifp\Zkfj j`e Hc:&gfi j\i Xek\i`fi\j
X cXc\p
/30+( I\if
cXX[d`e`jkiXZ`e
XdY`\ekXc _X _\Z_f ljf [\ \jk\ gifZ\[`d`\ekf
[\ f]`'

-0

E: =><E:K:<`{G

L(&>RBTBEO
&&&
$Z`k(&gj( -/+

/,& `eZ( Y%&


0*& `eZ( Y%&
p 02& E\p [\

LK?' BD:?<?979?sC
g K?=;C9?7

:; A7H 9?G9JCHI7C9?7H
I;BEDG7A
:; A7 D[7

<o9I?97H

>ck\dX [\ cXm`^\eZ`X k\dgfiXc p [\ cXdf[`]`ZXZ`e [\ cXj Z`iZlejkXeZ`Xj ]}Zk`ZXj


]l\ XYfi[X[f
\e \c ]Xccf [\ cX<fik\ Llgf Cljk( F\e[fqX
!Fle`Z`gXc`[X[
[\ Elc}e [\
<lpf m(@fY`\ief [\ cXIifm`eZ`X [\ F\e[fqX
j)Zfe]c`Zkf [\ gf[\i\j!(
L`e \ekiXi \e \c Xe}c`j`j Zfdgc\kf [\ \jX ZXljX& \e cf hl\ Xck\dX j\ i\]`\i\
\c dl'
e`Z`g`f [\ Ela}e [\ <lpf& Xek\ \c [`ZkX[f gfi cXgifm`eZ`X [\ cXi\j( 2/2),**.&
hl\ [X
gi`eZ`g`f [\ \a\ZlZ`e X cXj fYiXj [\c gifp\Zkf [\efd`eX[f
!<fdgc\af
I\e`k\eZ`Xi`f
*** & F\e[fqX!
[\ <Xdgf <XZ_\lkX& jfjklmf
hl\ cXHc: hl\ cf XgifY [\m`ef \e `c\^k`'
dX gfi \c kiXejZlijf
[\c k`\dgf(
>c dle`Z`g`f Zl\jk`fe
cXm`^\eZ`X [\ cXi\j( ,*./)+333
$Hc:%&
Zfej`[\iXe[f
hl\
_XYX kiXejZlii`[f
le `dgfikXek\ k`\dgf [\ `eXZZ`e gfi gXik\ [\c ^fY`\ief
[\ cXgif'
m`eZ`Xi\jg\Zkf
[\c gifp\Zkf [\ ZfejkilZZ`e
[\ cXg\e`k\eZ`XiX \e \c <Xdgf <XZ_\l'
kX5\e \j\ cXgjf 4!!ZXj` Z`eZf Xfj [\ `eXZk`m`[X['& \c [\gXikXd\ekf
[\ Ela}e [\ <lpf&
p \e \jg\Z`Xc cXqfeX [\efd`eX[X
<Xdgf <XZ_\lkX& m`f df[`]`ZX[f
[`Xd\kiXcd\ek\
\c

p -/.&

IifZ\[`d`\ekfj

:[d`e`jkiXk`mfj

[\

F\e[fqX

-3*3(
:Y

BH$cf] eiiNB Nc%

,0

Z`e [

:ik( +*,& c\p -3*35

= i\Z_f

:[dcec

@HK=BEEH&
:^ljke&

ki kcmf&
B`cl\efj :`i\j&

>RBTBEOEF EFRFDIO BEMJNJSTRBTJVO$


*' -& ?le[X'
,***&

g( QBBB'+3(

##

:<MN:NH:H:F;B>GM:E

=> E: IKHOBG<B:=> F>G=HS:

\\fj`jk\ieX
\o`jk\ek\ p cXj gfj`Y`c`[X[\j
[~ [\jXiifccf
[\ cXqfeX -2( cX =B:&Zfe]fid\
X cfj Xi^ld\ekfj
dle`Z`gXc\j& ef j\ Xaljk Xc[\m\e`i _`jki`Zf [\c(=\gXikXd\ekf[\
cla}e5 p d\efj
Xe X cXkiXej]fidXZ`e
XZX\Z`[X \e cXqfeX [\efd`eX[X
<Xdgf <X'
Z_\lkX4 gfi \j\ dfk`mf& cX=B: j\ \eZl\ekiX
[~jZfek\oklXc`qX[X& [~jXZklXc`qX[X p\e'
#]i~ekX XY`\ikXd\ek\
cXc\^Xc`[X[ [\ cXj fi[\eXeqXj
dle`Z`gXc\j \e( m`^\eZ`X&cXEHF p
#+
fj [\i\Z_fj
XdY`\ekXc\j [\ iX`^XdYi\ Zfejk`klZ`feXc(
>cdle`Z`g`f X[d`k\ hl\ cX=B: ef k`\e\ le gcXqf [\ m`^\eZ`X5 ef fYjkXek\& \c j\ek`'
[f Zfde p iXqfe\j [\ `ek\i~j gYc`Zf `dgfe\e
hl\ \ccX ef gl\[X j\i [`ZkX[X JNFTFR%
.3-! \j [\Z`i& gXiX gif[lZ`i jlj \]\Zkfj j`e c`d`kXZ`e \jgXZ`f'k\dgfiXc(
:Zl[\
Zfdf
efidX Xe}cf^XX cXc\p ,.(/2/
jfYi\
`dgXZkf XdY`\ekXc d`e\if& hl\ \jkXYc\Z\ cXi\'
efmXZ`e Y`XelXc [\'cX =B:(
Bek\i\jX (\c gifeleZ`Xd`\ekf
[\ cX<fik\( <fej`[\i
hl\4 !>e ^\e\iXc& cXm`^\eZ`X
k\dgfiXc [\ cX=B: ef \j le k\dX XeXc`qX[f gfi cfj Xlkfi\j
hl\ \jkl[`Xe
jl i~^`d\e
ali[`<f( x<df
j\ ZlYi\ \j\ j`c\eZ`f8 HYm`Xd\ek\& j` \c fi[\eXd`\ekf
k`\e\ leX i\'
^`X \jg\ZZX& \c fg\iX[fi
ali[`Zf [\Y\ Xgc`ZXicXj`\dgi\
Zfe \jX m`j`e j`jk~d`ZX( >e
F\e[fqX& \jX efidX \jg\Z]`ZX \j \c Xikf ,- [\c [\Zi\kf
i\^cXd\ekXi`f
,+*3)+33.
[\ cXc\p /30+ hl\ [`Z\4 #<fii\ZZ`e gfjk\i`fi& X cX=B:( >e \c ZXjf [\ hl\& Zfe gfjk\i`f'
i`[X[ X cX=B: j\ [`ZkXi\e f X[fgkXi\e efidXj
[\ ZXc`[X[ jlg\i`fi\j
f [\ dXpfi i`^l'
ifj`[X[
XcXj \jkXYc\Z`[Xj \e \c gifp\Zkf XgifYX[f& cXXlkfi`[X[
[\ Xgc`ZXZ`e [\Y\i}
\dgcXqXi Xcgifgfe\ek\
gXiX hl\ \e le gcXqf [\k\id`eX[f&
p j` \ccf \j k~Ze`ZXd\ek\
m`XYc\&\]\Zk\
Xc gifp\Zk f X cXj fYiXj f XZk`m`[X[\j \e \a\ZlZ`e f \a\ZlkX[Xj
cXj
X[XgkXZ`fe\j Zfii\jgfe[`\ek\j
X cXel\mX efidXk`mX!(
EX <fik\ i\Z_XqX \c gcXek\f dle`Z`gXc& pX hl\ Zfej`[\iX
hl\ ef [\dfjki
e`e^leX
Z`iZlejkXeZ`X hl\ i\hl`i`\iX
leX \jg\Z`Xc `ek\im\eZ`e [\ cXaljk`Z`X4 !Il\j
Y`\e& cXj
iXqfe\j XdY`\ekXc\j [\eleZ`X[Xj
gfi \c dle`Z`g`f jfe XYjfclkXd\ek\
cejl]cZc\ek\j
gXiX `dg\[`i
cXZfejkilZZ`e
[\ leX Z}iZ\c hl\ g\id`kX& \jg\i\dfj&
Zldgc`i Zfe \j\
dXe[Xkf& G`e^leX #[\ \jXj iXqfe\j j\ XZ\iZX& e` d\[`XeXd\ek\&
X cfj ZXjfj \e cfj
hl\ \c If[\i%l[`Z`Xc
_X `ek\im\e`[f \e gifk\ZZ`e [\c XdY`\ek\!&-3( !Gf gl\[\
\ekfe'
-2 L\^e \c ielecZcgkf&kXc\j _\Z_fj jfe5 X%\c ^iXmj`df XZZ`[\ek\ k\Zefc^`Zf gif[lZ`[f
\e
cXj `ejkXcXZ`fe\j [\ cXi\e\iX i\^`feXc Ela}e [\ <lpf hl\ i\dXk \e cXZfekXd`eXZ`e [\c X`i\
gfi leX elY\ ko`ZX4Y%cXZfekXd`eXZ`e _[i`ZX [\ cXZl\eZX hl\ j\im`iX XcZfdgc\af g\e`k\e'
Z`Xkcf4
\%cX`e]cl\eZ`X [\ cX`eXl^liXZ`e p gl\jkX \e ]leZ`feXd`\ekf [\c =`hl\ Ifki\i`ccfj jfYi\
cXZl\eZX _][icZX ZfekXd`eX[X5([%cX`ejkXcXZ`e[\ cX\jkXZ`e gfc`df[Xc [\ ZXi^Xj $?\iifZXii`c
Mi}sZ`#e[`ef\e cXqfeX%5\%\c [\jXiifccf kli]jkcZf(CX i\XZk`mXZ`ep ]l\ik\ Zi\Z`d`\ekf gif[lZk`mf
kXekf `e[ljki`Xc Zfdf X^if`e[ljki`Xc [\ cXqfeX(
-3 <fek`eXe cfj mXc`fjfj Zfej`[\iXe[fj
\ogi\jXe[f4 !>e \]\Zkf& leX Z}iZ\c ef \j leX \ie'
gi\jX XckXd\ek\ ZfekXd`eXek\ $ZXjfj ]i\Zl\ek\j
gXiX ef Xlkfi`qXi leX fYiX5 m\i&\eki\ dl'
Z_fj& <:LL:@G>&ClXe#<(&!LfYi\ cXgifk\ZZ`e XdY`\ekXc!&EE+33#/'>'+,+1%&EX ZfejkilZZ`e
( ef i\hl`\i\
kXcXif kiXjgcXekXi}iYfc\j $m\igfi \a( !Fle`Z`gXc`[X[ [\ O`Z\ek\ Eg\q K' F\pf`pjg
j)XdgXif!& Z`k(gfi O:EEL&<cXl[`X&5MPBDTOBMCJFNTBL$
<`l[X[ :i^\ek`eX& ;l\efj
:`i\j& ,**,&
g( -./%5 e` dlZ_f d\efj& \iiX[`ZXi Yfjhl\j
$m\iLlgf Mi`Y(Cljk( G\lhl~e& 0)2)+333& C: ,***'
+++'0/*&Zfe efkX [\ <:E>@:KB=> @KHLLH&
Ep[`X&!:c^leXj i\]c\o`fe\j jfYi\ cX\mXclXZ`e [\c
`dgXZkf XdY`\ekXcX gifgj`kf [\ leX j\ek\eZ`X [\c Mi`YleXcLlg\i`fi [\ Cljk`Z`X[\ cXgifm`eZ`X
[\ G\lhl~e!%5 ef jlgfe\
cXZfejkilZZ`e [\ leX dliXccX [\ -* bd jfYi\ le if $!KfZX&FX^'
[Xc\eX K' Iifm`eZ`X [\ ;j( :j(!& Z`k(gfi O:EEL&<E:N=B:&5MPBDTOBMCJFNTBL$<`l[X[ :i^\ek`eX&
;l\efj
:`i\j& ,**,& g( --3%5ef gif[lZ`i}& \ccXd`jdX& \em\e\eXd`\ekf [\ ifj& Xiifpfj f eXgXj
jlYk\ii}e\Xj
$m\i ZXjfj Zfd\ekX[fj
gfi O:EEL&FXi`f& !>c `dgXZkf XdY`\ekXc [\ le jfYi\j\'
7R^[^a[FE

aaD?Y???

E: =><E:K:<`{G => BFI:<MH :F;B>GM:E >G F>GHHS:

--+

Z\j +* Fle`Z`gXc`[X[ [\ Ela}e [\ <lpf [\jZfefZ\i


cX[\ZcXiXZ`e([\
`dgXZkf XdY`\e'
kXc,.*/)+333
\e ]fidX Ne`cXk\iXc&]le[}e[fj\
\e leX j\i`\ [\ _\Z_fj gfjk\i`fi\j
X cXd`jdX& hl\ ZXi\Z\e [\ \ek`[X[ p iXqfeXY`c`[X[ jl]`Z`\ek\j
Zfdf gXiX Zfej`[\iXi
hl\ j\ _Xe Zfe]`^liX[f
_\Z_fj jfYi\m`e`\ek\j
[\ leX `dgfikXeZ`X kXc'hl\ [\jZXc`]`'
hl\e cfj i\jlckX[fj[\
cX[\ZcXiXZ`e [\( `dgXZkf XdY`\ekXc [`ZkX[X \e \cXf+333!(
I\if [\ \jk\ ZXjf j\ [\jgi\e[\
hl\ [\ _XY\ij\ [\dfjkiX[f
\c ZXdY`f [\ Z`iZlej'
kXeZ`Xj(j\Yi\m`e`\ek\j&
cXjfclZ`e j\iX cXelc`[X[ [\ cX=B:(

LK??' 9D;G9?sC

?C:?G;9I7

M :?G;9I7

EX Zf\iZ`e cX \eZfekiXdfj
(\e \c gifZ\[`d`\ekf
[\ >mXclXZ`e [\ BdgXZkf :d'
Y`\ekXc ZlXe[f'j\
\a\ZlkX leX fYiX f XZk`m`[X[ j`e _XY\i fYk\e`[f
cX=B:&
EX c\p /30+ \jkXYc\Z\ cXZf\iZ`e `e[`i\ZkX \e jl Xic-3& ZlXe[f `e[`ZX hl\4 !EXj
m`fcXZ`fe\j X cXj [`jgfj`Z`fe\j
[\ cXgi\j\ek\
c\p j\i}e
i\gi`d`[Xj
Zfe cXjj`^lc\e'
k\j g\eXj4
#
!!
!X%:g\iZ`Y`d`\ekf(
!Y%FlckX [\ le d`c g\jfj
$" +(***% Xm\`ek\ d`c g\jfj
$" ,*(***%(
!: cfj \]\Zkfj [\ [\k\id`eXi
cXd`jdX& cXXlkfi`[X[
[\ Xgc`ZXZ`e [\Y\i}
k\e\i \e
Zl\ekX cX^iXm\[X[ [\ cXkiXej^i\j`e5
\c [Xf gi\j\ek\
p ]lklif
i\Xc`qX[f Xc d\[`f
XdY`\ek\ p cX\o`jk\eZ`X [\ [fcf f ZlcgX gfi gXik\ [\c `e]iXZkfi(
!>e ZXjf [\ i\`eZ`[\eZ`X& cXdlckX X Xgc`ZXij\ gf[i} j\i \c\mX[X _XjkX \c [~Zlgcf
[\c dfekf [\k\id`eX[f
\e \c `eZ( Y%&&&d\[`Xek\i\jfclZ`e']le[X[X
[\ cXXlkfi`[X[
[\
Xgc`ZXZ`e! (
EX Zf\iZ`e [`i\ZkX \jk} \ogi\jXd\ek\
gi\m`jkX gXiX \c ZXjf [\ \a\ZlZ`e [\ XZk`'
m`[X[\j j`e =B:(
>e \]\Zkf& cXc\p /30+ \e jl Xikf -2& cl\^f [\ [`jgfe\i
hl\ !EX Xlkfi`[X[
[\ Xgc`'
ZXZ`e gf[i} fi[\eXi
cXgXiXkcqXZ`e[\ cXj fYiXj f XZk`m`[X[\j \]\ZklX[Xj
j`e cX=B:!&
\jkXYc\Z\ hl\ !:j`d`jdf&
gf[i}
[`jgfe\i
cX [\dfc`Z`e
f [\jkilZZ`e
[\ cXj fYiXj
i\Xc`qX[Xj \e `e]iXZZ`e& j`\e[f
cfj Zfjkfj p ^Xjkfj XZXi^f [\c kiXej^i\jfi!(
s I\if \jkX ]XZlckX[5 xgifZ\[\
ZlXe[f _Xp =B:8 <fej`[\iXdfj
hl\ j( EX c\p \jkX'
Yc\Z\ le j`jk\dX
[\ jXeZ`fe\j
\e jl Xikf -3 Xgc`ZXYc\X kf[fj
cfj jlgl\jkfj
$`e]iXZ'
Z`e Zfe =B: f j`e =B:%&hl\& alekXd\ek\
Zfe cX]XZlckX[ [\ jljg\ej`e
[\ cXfYiX f
XZk`m`[X[ \]\ZklX[Xj
j`e cX=B:&Zfejk`klp\e
d\[`[Xj
[\ Zf\iZ`e `e[`i\ZkX& g\if X[\'
d}j ]XZlckX X cXXlkfi`[X[
X [`jgfe\i
d\[`[Xj
[\ Zf\iZ`e [`i\ZkX J ]fiqfjX
ZlXe[f
Xlkfi`qX X ![`jgfe\i
cX[\dfc`Z`e
f [\jkilZZ`e
[\ cXj fYiXj i\Xc`qX[Xj \e `e]iXZZ`e&
j`\e[f
cfj Zfjkfj p ^Xjkfj X ZXi^f [\c kiXej^i\jfi!(
>ekfeZ\j& kiXk}e[fj\
[\ leX `e]iXZZ`e p Xk\e[`\e[f
X cX^iXm\[X[ [\c `eZldgc`'
d`\ekf& gifZ\[\iX
cXZX[lZ`[X[
[\ cX=B: \e kXekf jXeZ`e X[d`e`jkiXk`mX Xgc`ZXYc\&
Zfe]fid\
X cfj Xikj( +*, p +*- [\ cXEI:( >e Zfej\Zl\eZ`X&
Xcgif[lZ`ij\
cX\ok`eZ`e
[\ cXXlkfi`qXZ`e $[\ cX=B:%&
j\iX Xgc`ZXYc\cXZf\iZ`e [`i\ZkX f ]fiqX[X(
(
<fdf
j\XcX @fi[`ccf4 !cX \a\Zlkfi`\[X[
ef Zfejk`klp\ p ZXi}Zk\i gifg`f& g\idX'
e\ek\& [\c XZkf X[d`e`jkiXk`mf& j`ef hl\ gl\[\
[Xij\#Z`iZlejkXeZcXcie\ek\
Zfdf leX
d`\ekf g\eXc!&EE+33-':'++/,%5 e` jlgfe\
\c [\gj`kf [\ i\j`[lfj
g\c`^ifjfj5 e` cXc`Y\iXZ`e
[\ Xij~e`Zf XcX`i\ $m\i ZXjf Zfd\ekX[f gfi ?i\\cXe[& :(& !I\id`jf
gXiX ZfekXd`eXi4 g\id`jf
gXiX dXkXi8 EXj Xlkfi`qXZ`fe\j X[d`e`jkiXk`mXj p \c [\c`kf XdY`\ekXc!&0UBEFRNOSEF 1ODTRJNB
p
6UR5SPRUEFND5B
;FNBL$ Xf OBB&
eif( +,& g( ,/-%& \kZ(
]^e[[[i

T [:^a^^[[D 7[[[?[[ ???i? C! i?

,,+

:<MN:EB=:=

:F;B>GM:E

=> E: IKHOBG<B: => F>G=HS:

Z8ds\k\eZ`X [\ cX:[d`e`jkiXZ`e!
`e[\g\e[`\ek\d\ek\
[\c XZkf&gXiX \a\ZlkXicf gfi
ZlXe[f cXeXkliXc\qX [\c XZkf cf g\id`k\ p \e cfj [\d}j
ZXjfj ZlXe[f \c fi'
[\e ali[`Zf \e ]fidX \ogi\jX p \e cfj ZXjfj ZfeZi\kfj
i\ZfefqZX cX:[d`e`jkiXZ`e
cX
gfk\jkX[ [\ lk`c`qXi cXZfXZZ`e gXiX _XZ\i Zldgc`i jl XZkf gfi cX]l\iqX!
-)'
( L`e g\ial`Z`f [\ \ccf& cX:[d`e`jkiXZ`e
k`\e\ cX]XZlckX[ [\ i\hl\i`i
cX\a\ZlZ`e al'
[cZcXc[\ cXj d\[`[Xj
[\ Zf\iZ`e -*'
LB d`jdX

LK???' A7 :?7

9DBD 79ID EG;E7G7IDG?D


;C A7 79I?K?:7:
B?C;G7
B;I7Aq<;G7

>ogi\jXdfj
hl\& \e ZXjfj \oZ\gZ`feXc\j& cXHc: ef gif[lZ\
\]\Zkfj ali[`Zfj
[`'
i\Zkf \ `ed\[`Xkfj&
j`\e[f
le [`ZkXd\e f le `e]fid\& le XZkf gi\gXiXkfi`f& g\if ef
le XZkf X[d]e`jkiXkcmf( >e \c ZXjf [\ cXHc: hl\ j\ [`ZkX gXiX cXXZk`m`[X[ d`e\iX& jl
]leZ`e \j j\i gi\gXiXkfi`X [\ fkif XZkf&X ZXi^f [\c i^Xef c\^`jcXk`mf&hl\ cX[fkXi}
[\ \]\Zkfj ali[`Zfj
d\[`Xek\
i\]i\e[f(
>c[\Z( 1+)(+))/ k`\e\ \c \jg\Z]`Zf
>B: m`eZlcX[X Zfe cXXZk`m`[X[ d`e\iX(

fYa\k`mf [\

i\^cXd\ekXi

\c gifZ\[`d`\ekf

[\

<feZcl`[X cX\mXclXZ`e gfi gXik\ [\ cXXlkfi`[X[


XdY`\ekXc d`e\iX& j\ \d`k\ cX
Zfii\jgfe[`\ek\
=\ZcXiXZ`e [\ BdgXZkf :dY`\ekXc \e cXhl\ j\ gf[i}4 X%Xlkfi`qXi \c
gifp\Zkf kXcZlXc ]l\ gi\j\ekX[f5
Y%Xlkfi`qXi \c gifp\Zkf g\if Zfe[`Z`feX[f
X cXj df'
[`]`ZXZ`fe\j hl\ j\Xc\ cXXlkfi`[X[
XdY`\ekXc d`e\iX5 \%i\Z_XqXi \c `e]fid\
ZlXe[f
cf \jk`dXiX `ejl]`Z`\ek\& \e Zlpf ZXjf [\Y\i}
gi\j\ekXicf
el\mXd\ek\& jXcmXe[f cXj
fd`j`fe\j
f i\Zk`]`ZXe[f \iifi\j&
\e le gcXqf [\ ki\`ekX [Xj(
Ll [`ZkX[f Zfii\jgfe[\
\e ]fidX ZfealekX X cX=`isZZ`e [\ F`e\iX p X cX=`i\Z'
Z`e [\ Iifk\ZZ`e :dY`\ekXc(

E: =><E:K:<`{G

=> BFI:<MH :F;B>GM:E

,4,,

>G F>G=HS:

:j& \e cXZXljX !:jfZ`XZ`e


H`bfj K\[ :dY`\ekXc m(@fY`\ief [\ cX Iifm`eZ`X [\
F\e[fqX!
-,% j\ g\k`Z`feX Zfdf
d\[`[X
gi\ZXlkfi`X cXjljg\ej`e
[\c gifZ\jf
c\^`j'
cXk`mf[\ iXk`]`ZXZ`e [\ cXi\jfclZ`e
ZfealekX +3 [\ cX=`i\ZZ`e [\ F`e\iX p [\ cX
=`i\ZZ`e [\ Iifk\ZZ`e :dY`\ekXc 'hl\
fkfi^X cX=\ZcXiXZ`e [\ BdgXZkf :dY`\ekXc
Zfe i\cXZ`e Xc gifp\Zkf d`e\if
!IcXekX <feZ\ekiX[fiX
LXe Cfi^\& NjgXccXkX&F\e[f'
qX!'& hl\ Zfdf gifp\Zkf [\ c\p ]l\ i\d`k`[f
gfi \c If[\i
>a\Zlk`mf gifm`eZ`Xc( K\jfc'
m`~e[fj\ hl\ !>e el\jkif
ZXjf \ek\e[\dfj
hl\ \c \a\iZ`Z`f [\ cXj Xki`YlZ`fe\j
gif'
g`Xj [\ cXE\^`jcXkliX $Xik( 33& `eZ( ++%
<fejk( F\e[fqX% ef gl\[\e
j\i c`d`kX[Xj gfi
fkif If[\i
[\c >jkX[f( MXdgfZf gf[\dfj
X]`idXi j` i\Xcd\ek\
\o`jk\ cXXiY`kiXi`\[X[
f `c\^Xc`[X[ dXe`]`\jkX X hl\ Xcl[\ \c Xik .-& <G( <fe i\cXZ`e XcPFRJDULUM
JNMORB$
cXXdgXi`jkX ef [\dl\jkiX
leX Xd\eXqX f c\j`e `ed`e\ek\ X jlj [\i\Z_fj
$Xik(.-&
<G(%&
\e cXd\[`[X
\e hl\ i\ZfefZ\
hl\ cXi\jfclZ`e
`dgl^eX[X
kf[XmX #[\Y\ j\i iX'
k`]`ZX[X gfi c\p [\ cXA( E\^`jcXkliX!(

L?L' 7 BD:D

:;

9DC9AJH?sC

EX =\ZcXiXZ`e [\ BdgXZkf :dY`\ekXc& \ekfeZ\j& \j ]ilkf [\ le gifZ\jf


Zfdgc\'
af( <l\jk`fe\j
k~Ze`ZXj p Z`\ek]`ZXj Zfe]fidXe
jl jljkiXkf& [\ kXcdXe\iX hl\ cXiXqf'
eXY`c`[X[ ali[`ZX [\ \ccX [\Y\i}
j\i gfe[\iX[X
ef jcf gfi \c Zldgc`d`\ekf
[\ gXjfj
]fidXc\j
[\c gifZ\[`d`\ekf
X[d`e`jkiXk`mf& j`ef jfYi\ cXYXj\ [\ gi`eZ`g`fj jljkXeZ`X'
c\j [\c [\i\Z_f
XdY`\ekXc( <fe iXqe& \e \c ]Xccf Xdgc`Xd\ek\ Z`kX[f gfi jl gif]le'
[`[X[& j\ \ogi\jX4 !Mf[f cf \ogl\jkf
[\efkX ZcXiXd\ek\ cX `dg\i`fjX
e\Z\j`[X[
[\
X[XgkXi cXk\fiX [\c XZkf X[d`e`jkiXk`mf X cX]leZ`e [\c >jkX[f Zfdf klkfi [\c d\'
[`f XdY`\ek\!
--'
"

AXjkX \c Xf +))0%\jkX Hc: \iX le XZkf X[d`e`jkiXk`mf( I\if \jk\ gifZ\[`d`\ekf


klmf le ZXdY`f jljkXeZ`Xc i\Xc`qX[f gfi cXc\p 00++' >jkX c\p&glYc`ZX[X \c ++(/(+))0%
\e jl Xik( -v \jkXYc\Z hl\ !IXiX cfj gifp\Zkfj
[\ d`e\iX d\kXc]\iX fYk\e`[fj
cXj ]X'
j\j [\ ZXk\fj& gifjg\ZZ`e& \ogcfiXZ`e& \ogcfkXZ`e& f `e[ljki`Xc`qXZ`e& cXHc: [\Y\
j\i iXk`]`ZX[X gfi c\p!(
<fdf \ogi\jX @fi[`ccf& \c XZkf hl\ Zfe gfjk\i`fi`[X[
X jl \d`j`e
[\Y\ j\i Xgif'
YX[f f iXk`]`ZX[f gfi fkiX Xlkfi`[X[
ef eXZ\ Xcdle[f
ali][cZf& >e Zfej\Zl\eZ`X&
\e
\jk\ gifZ\[`d`\ekf
\jg\Z]`Zf& cXi\jfclZ`e
ZfealekX [\efd`eX[X
=\ZcXiXZ`e [\ Bd'
gXZkf :dY`\ekXc ef gif[lZ\
\]\Zkfj ali[`Zfj
`e[`m`[lXc\j \e ]fidX `ed\[`XkX f [`i\Z'
kX&gfi cf hl\ ef i\e\
cXj Zfe[`Z`fe\j
gXiX j\i Zfej`[\iX[X
le XZkf X[d`e`jkiXk`mf5
\ekfeZ\j& \e m`ikl[ [\ cXc\p&dlk \e XZkf gi\gXiXkfi`f
[\ leX Xlkfi`qXZ`e( >j [\Z`i&
\c gifZ\[`d`\ekf
ZfeZclp\ Zfe \c XZkf c\^`jcXk`mf&j`\e[f
cXi\jfclZ`e
ZfealekX jl gi\'
Z\[\ek\
k~Ze`Zf ali[`Zf `dgi\jZ`e[`Yc\(
=\Y\& \ekfeZ\j& Zfej`[\iXij\
Zfdf le XZkf
gi\gsiXkfi(`8 hl\ gif[lZs,}
s]\Zkfjali[`ZfjWe`ZXd\ek\
X gXik`i [\c dfd\ekf
\e hl\
cXiXk`ZXZe j\ gi\jk\
( >jkX \j cXjfclZ`e [\c Xik( -1 [\ cXE\p [\ IifZ\[`d`\ekfj
:[d`e`jkiXk`mfj
-3*3(

.*
-*
-+

@HK=BEEH&
:^ljke&
:ik( 2,& c\p -3*3(

>RBTBEO
&&&
$Z`k(&k( -& gj( O'-0 p O'-1(

@HK=BEEH&
:^ljke&

>RBTBEO
&&&
$Z`k(&k( -& gj( BQ',*',+(

-,

"

[
:Yfc

[fI

iiHc

>ogk\( 02,

$:ZZ`e [\ XdgXif% ' :lkf

Bek\icfZlkfi`f

Llgf <fik\ Cljk( F\e[fqX& ZXljX 2*(,3/&


cXIifmcefcX [ F e[f\X b(S^]w[Sc^ [\ gf[\i\j!(
--

!Fle`Z`gXc`[X[

[\

Ela}e [\

<lpf

m(@fY`\ief

You might also like