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Anisha Steephen

@asteephen.bsky.social
738 followers 362 following 67 posts

Ex-U.S. Treasury, always economic justice. Banking / Tax / Housing / Climate. They/Them. 📍NYC

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Reposted by Anisha Steephen
Robert Reich @rbreich.bsky.social · 19/08/2026
Casual reminder that the myth of “pulling yourself up by your bootstraps” is a cruel hoax designed to convince poor people from all walks of life that the injustices they face are a result of their own actions, rather than an oppressive system rigged against them.
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James Downie @jamescdownie.bsky.social · 19/08/2026
"The Treasury Department has seen a dramatic exodus of President Donald Trump’s own appointees, outpacing the turnover of any other recent administration." Bessent "has had at least three different chiefs of staff since the beginning of the administration.”
NOTUS: "Nearly Half of Trump’s Treasury Appointees Have Left
While many agencies have had turnover, the Treasury Department has seen an exodus of Senate-confirmed officials."
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jae holzman @jael.bsky.social · 28/07/2026
The EPA said if power plants used only for data centers are not be subject to the federal Clean Air ​Act's Acid Rain Program, which has been key to the ​dramatic reduction of smog and soot pollution from industrial ⁠facilities. Per @reuters.com
reuters.com
EPA says power for data centers can sidestep pollution laws
Power sources providing electricity only to data centers and not the public grid may not be subject to ​federal pollution laws, the U.S. Environmental Protection Agency said on ‌Monday.
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George Joseph @georgejoseph94.bsky.social · 21/07/2026
NEW @us.theguardian.com investigation into allegations that Amazon pushed smaller companies into raising prices: “They’d say, ‘You need to go to Target. You need to go talk to Walmart to get them to raise their price.’” www.theguardian.com/us-news/ng-i...
theguardian.com
‘We were at their mercy’: inside the Amazon tactics that hiked prices across the internet
Internal emails revealed in court and interviews with ex-employees describe how Amazon’s practices drove up prices for competitors like Walmart and Target. Amazon denies price-fixing claims and says i...
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Anisha Steephen @asteephen.bsky.social · 21/07/2026
Before your rent even goes up, Wall Street has already promised it would. New from me in @time.com on how critics across the country overlook Wall Street’s role in the housing crisis: time.com/article/2026...
time.com
Why Rent Keeps Rising Because of Wall Street
“Apartment buildings are bought, sold, and borrowed against on the expectation that rents will keep rising,” writes Anisha Steephen.
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Roosevelt Institute @rooseveltinstitute.org · 21/07/2026
Why does the rent keep going up? It's not just the housing shortage. In @time.com, our Fellow @asteephen.bsky.social argues that today's housing market is increasingly organized around Wall Street's expectation that rents will keep rising, making higher rents part of the business model.
time.com
Why Rent Keeps Rising Because of Wall Street
“Apartment buildings are bought, sold, and borrowed against on the expectation that rents will keep rising,” writes Anisha Steephen.
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Erin Lockwood @erinkaylockwood.bsky.social · 17/07/2026
Look, I'm all for the CFTC cracking down on people like the teleprompter guy doing obvious prediction market insider trading, but there's another sense in which those cases are just the smallest of potatoes compared to the scope and scale of financial crimes happening in this administration.
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Anisha Steephen @asteephen.bsky.social · 17/07/2026
1/ In June 2025 I wrote about the impending authoritarian capture of the IRS for @crisesnotes.bsky.social. I named IRC § 7217, enacted after Nixon audited his enemies, and warned the firewall between the White House and taxpayer audits was under siege. Thirteen months later here we are.🧵
crisesnotes.com
The Fiscal State Under Siege: Why People Hate the IRS, and Why You Should Care
How Trump, DOGE, and Project 2025 Are Turning the IRS Into a Tool of Authoritarian Rule Editor’s Introduction: Hello readers, it's Nathan Tankus and I am very happy to bring to you the first in a l...
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Roosevelt Institute @rooseveltinstitute.org · 14/07/2026
That same financial pressure is reshaping rental housing. Our Fellow @asteephen.bsky.social shows how treating housing as an asset class that must continually appreciate fuels rent increases, tenant displacement, and instability.
rooseveltinstitute.org
Rent Regulation as Financial Regulation
Housing affordability is often framed as a supply problem. This brief examines the role of speculative finance in rental housing and argues that rent regulation is a powerful tool for promoting financ...
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Phil Rocco @philiprocco.bsky.social · 10/07/2026
I don’t think people really understand how bad the OMB proposed rule is going to be for state and local govt. We’re talking about putting a full third of state budgets under the explicit control of Russ Vought. (1/2) www.bondbuyer.com/news/cities-...
bondbuyer.com
Cities, states warn of credit impact from proposed federal grant rule
Discretionary termination of grants allowed under the rule would pose a particular risk, issuer advocates said.
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Anisha Steephen @asteephen.bsky.social · 01/07/2026
🧵1/6 Rent regulation is getting national attention right now, and the conventional debate is too narrow. In my new paper with the @rooseveltinstitute.org I argue that rent regulation should be understood as macroprudential policy and one of the most powerful tools state and local governments have.
rooseveltinstitute.org
Rent Regulation as Financial Regulation
Housing affordability is often framed as a supply problem. This brief examines the role of speculative finance in rental housing and argues that rent regulation is a powerful tool for promoting financ...
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Roosevelt Institute @rooseveltinstitute.org · 01/07/2026
NEW 📰: Our fellow @asteephen.bsky.social connects housing affordability, financial stability, inflation, and economic justice to make the case that rent regulation is not just a tenant protection but a tool for managing systemic risk in housing finance. Read: rooseveltinstitute.org/publications...
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Justin Wolfers @justinwolfers.bsky.social · 30/05/2026
Economists call this diminishing marginal utility. The first dollars change your life. The billionth doesn't. So the argument stops being about consumption and starts being about power.
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Julianne McShane @juliannemcshane.bsky.social · 12/05/2026
"One study found that increasing the number of people who receive SNAP benefits by 5 percent could have prevented nearly 32,000 suicides over 15 years. And a $1 increase in minimum wage has been linked to roughly 8,000 fewer suicide deaths over a decade."
washingtonpost.com
How minimum wage hikes and food stamps fit in to suicide prevention
Studies show income, debt and access to basic needs shape mental health outcomes, but U.S. strategies have largely focused on clinical care.
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Climate and Community Institute @cplusc.bsky.social · 15/04/2026
🚨🚨 Today, we’re launching “Stop Greed Build Green,” a strategic framework and agenda to confront the affordability crisis and the climate crisis together by putting working people in charge of the economy and the climate transition. (1/10)
stopgreedbuildgreen.org
Stop Greed, Build Green | Climate and Community Institute
A new framework to put the working class in charge of climate and economic transformation.
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Economic Speakers Bureau @econspeakers.bsky.social · 19/03/2026
The Trump administration's gutting of the IRS is delaying tax refunds, harming Americans who rely on that return to pay bills or plan ahead. “Having a delay by 10 weeks or more, for close to a million people, is unacceptable,” said @asteephen.bsky.social. federalnewsnetwork.com/management/2...
federalnewsnetwork.com
IRS phase-out of paper checks leaves some taxpayers waiting months for refunds | Federal News Network
The National Taxpayer Advocate estimates that over 10 million taxpayers previously received their IRS refund as a paper check.
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Anisha Steephen @asteephen.bsky.social · 24/02/2026
Tax filing season is here — and the Trump administration has left the IRS in chaos. I joined @scrippsnews.bsky.social to break down what that actually means for taxpayers trying to navigate the mess.
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Anisha Steephen @asteephen.bsky.social · 21/02/2026
🧵 1/6 Hochul still won't tax the wealthy because she's worried they'll leave. So we govern a city of 8 million based on the feelings of a few thousand. Here's how we got here:
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Anisha Steephen @asteephen.bsky.social · 04/02/2026
🧵 1/ New Cato white paper (yes, Cato) finds immigrants paid more in taxes than they received in benefits every year from 1994–2023 across federal, state, and local budgets:
cato.org
Immigrants’ Recent Effects on Government Budgets: 1994–2023
Our analysis in this paper shows that immigrants generated a fiscal surplus of about $14.5 trillion from 1994 to 2023, that the average immigrant is much less costly than the average US-born American,...
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Anisha Steephen @asteephen.bsky.social · 30/01/2026
@mayor.nyc.gov @governor.ny.gov NYC faces a $12B budget hole for FY26-27. Undocumented NYers contribute ~$3.1B/yr in NY state & local taxes. Trump’s cruel ICE tactics will shrink revenue by pushing immigrants into the shadows & off the books. We must #TaxTheRich now to pay their share. My op-ed:
amny.com
Op-Ed | ICE is coming for our people and our budget – amNewYork
New York faces a projected $34.3 billion cumulative budget gap through 2029, and federal funding, nearly 39% of the state budget, is shrinking. Every dollar
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Josie Duffy Rice @jduffyrice.bsky.social · 27/01/2026
ta-nehisi on renee good, alex pretti, and the "culture war"
vanityfair.com
“The Homeland” Is War on America: The Blood-and-Soil Nationalism That Killed Renee Good and Alex Pretti
In the killings of Renee Good and Alex Pretti, Trump has clarified an inconvenient fact: The culture war is an actual war.
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Anisha Steephen @asteephen.bsky.social · 22/01/2026
Thrilled to join Roosevelt Institute’s 2026 Think Tank Fellows cohort to help build an economy that delivers shared prosperity, real power for working people, and rules that rein in extraction. Very excited to be alongside my former Treasury colleagues Chastity Murphy and @samarthgupta.bsky.social!
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Tonantzin Carmona @tonantzin-tlc.bsky.social · 22/01/2026
Congress is fast-tracking crypto — not fixing the real economy. New op-ed in Fast Company: www.fastcompany.com/91474218/cry...
fastcompany.com
Crypto won’t fix America’s affordability crisis
An economy that already feels precarious does not need more ways for households to absorb financial risk
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Nathan Tankus @nathantankus.bsky.social · 09/12/2025
Great work from @groundwork.bsky.social. what it immediately brings to mind is whether a SNAP card on an instacart account impacts prices shown and if so how
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Darrick Hamilton @darrickhamilton.bsky.social · 03/12/2025
www.washingtonpost.com/opinions/202...
washingtonpost.com
Opinion | ‘Trump accounts’ will save kids? Republicans can’t be serious.
Baby bonds are a wealth-building tool that’s inclusive, equitable and grounded in solid economics.
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Jeremy Bearer-Friend @bearerfriend.bsky.social · 12/11/2025
A good idea whose time has come www.msnbc.com/opinion/msnb...
msnbc.com
Opinion | The case for taxing billionaires is older than you think
A wealth tax, with a top rate of 100%, is common sense.
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Jon Cooper @joncooper-us.bsky.social · 10/11/2025
White House officials are furious with Bill Pulte, the Federal Housing Finance Agency director, who talked Trump into suggesting a 50-year mortgage plan. The White House was blindsided by the idea and is now dealing with a furious backlash from conservative allies, business leaders and lawmakers.
politico.com
‘Sold POTUS a bill of goods’: WH furious with Pulte over 50-year mortgage
The White House was blindsided by the idea and is now dealing with a furious backlash from conservative allies, business leaders and lawmakers.
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Anisha Steephen @asteephen.bsky.social · 10/11/2025
🧵 1/ I keep getting asked about 50-year mortgages. I worked in banking/housing finance after the 2008 crash, and what I see is a policy that markets relief while loading risk onto the very households it claims to help. Affordability comes from more homes and higher incomes, not longer debt.
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Zohran Kwame Mamdani @zohrankmamdani.bsky.social · 06/11/2025
We’re hiring! Our new resume portal is live, and we’re looking for top talent in NYC to help build this administration and deliver on our affordability agenda. Could that be you? Apply using the link below. transition2025.com/apply
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Mike Konczal @mtkonczal.bsky.social · 22/10/2025
Today @economicsecurityproject.org released its Affordability Framework by Becky Chao and myself. As affordability remains central to economic debates, it's helpful to step back to see the key drivers of the crisis and build a theory of the case. /1 economicsecurityproject.org/resource/aff...
economicsecurityproject.org
The Affordability Framework - Economic Security Project
This report introduces a two-part framework, identifying 1) broken markets and 2) broken incomes as dual drivers of the affordability crisis. This framework assesses the forces driving up costs for Am...
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Anisha Steephen @asteephen.bsky.social · 15/10/2025
If you read anything today, read this piece by @bedoyausa.bsky.social. It’s a sharp reminder that the real political stakes aren’t just left vs. right. They are about power vs. the people and who gets to control our economy and our lives. For immigrants, in housing, in labor, in tech, and beyond.
newrepublic.com
How I Became a Populist
My time at the Federal Trade Commission—before Donald Trump fired me—totally changed the way I see our political divide.
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Anisha Steephen @asteephen.bsky.social · 02/10/2025
(1/3) Trump promised cheaper energy. But today his DOE is pulling $8B from projects that would lower costs and strengthen the grid, just as AI data center demand soars. That chills investment, slows construction, and leaves families & small businesses facing higher power bills and weaker reliability
pbs.org
White House cancels nearly $8B in clean energy projects in blue states
The Trump administration has announced the cancellation of $7.6 billion in funding for clean energy projects across 16 states.
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jamelle @jamellebouie.net · 15/09/2025
i have said this before but when “getting rid of race in admissions” for the administration means “you can’t even try to reach out to underrepresented communities and encourage them to apply and if you do it is illegal discrimination against white people” then the actual goal here is segregation
thecrimson.com
Harvard Ends Undergraduate Minority Recruitment Program as Trump Targets Race in Admissions | News | The Harvard Crimson
By ending the minority recruitment program in May, Harvard shuttered a more than 50-year-old initiative to encourage minority high school students to apply.
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Phil Aroneanu @philaroneanu.bsky.social · 04/09/2025
If you want to build a bunch of AI data centers, and also pull the rug out from under the wind, solar + battery industries that contributed **94%** of all new generation last year, you're gonna end up with an energy affordability crisis. From @asteephen.bsky.social: time.com/7312151/ener...
time.com
Energy Costs are Rising. Trump and Big Tech Are to Blame
On the campaign trail, President Donald Trump promised to cut energy costs in half. Now, energy costs are skyrocketing.
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economicsecurity.bsky.social @economicsecurityproject.org · 29/08/2025
READ: ESP Fellow @asteephen.bsky.social breaks down why families are facing higher energy bills—from the rollback of clean energy incentives to the rapid growth of AI data centers—and how these shifts are raising costs for families.
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Nathan Tankus @nathantankus.bsky.social · 29/08/2025
NEW PIECE: Powell and the Federal Reserve System has already failed to meet the moment and not defending Lisa Cook will seal both Powell's and the Fed's fate. www.crisesnotes.com/powell-will-...
crisesnotes.com
Powell Will Hang Separately: The Federal Reserve Has Already Failed its Duty to Lisa Cook and the Constitution
This is a free Notes on the Crises article. A reminder to readers that the various activities run out of the still-new Notes on the Crises office cost money, while an enormous amount of time and effor...
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jamelle @jamellebouie.net · 28/08/2025
i find this image so fascinating. it is both a literal example of authoritarianism but also a second-hand reproduction of the aesthetics of other authoritarian states. it's like a simulacra of authoritarianism whose purpose is to attempt to make the simulacra real.
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Anisha Steephen @asteephen.bsky.social · 26/08/2025
Energy bills are rising nationwide, and Trump and the GOP are to blame. They rolled back clean energy incentives and greenlit an AI surge, pushing costs onto working families and deepening economic & environmental inequality. I break it down in TIME today: time.com/7312151/ener...
time.com
Energy Costs are Rising. Trump and Big Tech Are to Blame
On the campaign trail, President Donald Trump promised to cut energy costs in half. Now, energy costs are skyrocketing.
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Alvaro M. Bedoya @bedoyausa.bsky.social · 26/08/2025
Dear journalists: The President has not fired Lisa Cook. The President is *trying* to illegally fire her. Your words shape people’s reality. Please be accurate in your reporting.
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Acyn @acyn.bsky.social · 26/08/2025
Trump posts a letter stating that he is removing Fed Governor Lisa Cook
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alex williams @atwilliams.bsky.social · 20/08/2025
so okay! first piece out from me at Common Wealth "Beyond Bidenomics: On what is living and what is dead in economic policy" the argument is that progressives should take credit for the successful parts of the pandemic policy response and build the next Thing www.common-wealth.org/perspectives...
common-wealth.org
Beyond Bidenomics | Perspectives
On what is living and what is dead in economic policy.
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Nathan Tankus @nathantankus.bsky.social · 22/08/2025
NEW PIECE: I'm back, finally, and its a long one. Superficially this moment is a vindication for Central Bank Independence but at a deeper level, cutting the Fed off from its independent agency brethren is its death warrant. www.crisesnotes.com/trump-vs-pow...
crisesnotes.com
Trump Vs. Powell: The Big Takeaways from Trump’s Assault on the Federal Reserve
Support Notes on the Crises! Hello readers; I’m long overdue for major updates across a whole range of issues. I have continued to work full time on Notes on the Crises but the work of setting...
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Economic Speakers Bureau @econspeakers.bsky.social · 20/08/2025
From airfare to rent, companies are using your data to jack up prices. With your help, ESB experts @bedoyausa.bsky.social and @dohamekki.bsky.social will join @groundwork.bsky.social's @lindsayowens.bsky.social at @sxsw.com to break down these deceptive pricing practices and how to fight back.
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The Lever @levernews.com · 24/07/2025
🎧LEVER TIME: Inside the Trump-Powell fight over Federal Reserve “independence.” Matt Stoller & Nathan Tankus on how the era of insulating the Fed from democracy has coincided with financial crises, bailouts & a huge upward transfer of wealth. www.levernews.com/the-fight-fo...
levernews.com
The Fight For Control Of Your Money
What’s at stake in the showdown between President Trump and Jerome Powell of the Federal Reserve?
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The Washington Post @washingtonpost.com · 08/07/2025
The IRS said clergy and houses of worship should be allowed to make political endorsements, a potential move away from a 71-year-old policy that banned the mixing of religion and politics.
wapo.st
IRS: Churches should be allowed to make political endorsements
Since 1954, the IRS has banned nonprofits — including congregations — from participating in political campaigns. The agency now says political endorsements by churches should be allowed.
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Unlearning Economics @unlearnecon.bsky.social · 08/07/2025
Astoundingly good article from @asteephen.bsky.social on the role of taxation in a democratic society, and what the current US Government is doing to turn the IRS into their own instrument of political control. www.crisesnotes.com/the-fiscal-s...
crisesnotes.com
The Fiscal State Under Siege: Why People Hate the IRS, and Why You Should Care
How Trump, DOGE, and Project 2025 Are Turning the IRS Into a Tool of Authoritarian Rule Editor’s Introduction: Hello readers, it's Nathan Tankus and I am very happy to bring to you the first in a l...
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jae holzman @jael.bsky.social · 08/07/2025
I have no words
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Nathan Tankus @nathantankus.bsky.social · 02/07/2025
NEW @crisesnotes.bsky.social PIECE: Today @asteephen.bsky.social & @iraregmi.bsky.social provide a 2nd installment in their series on DOGE at the IRS. Today's piece is on the so-called "modernization" of the IRS's legacy IT systems & the manifold dangers posed www.crisesnotes.com/inside-doges...
crisesnotes.com
Inside DOGE's Dangerously Hasty IRS Modernization Plan
This is the second installment in the Notes on the Crises series on the IRS. While the first essay traced how the agency has become a political target and potential tool of authoritarianism, this piec...
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Anisha Steephen @asteephen.bsky.social · 02/07/2025
As Republicans push a reconciliation bill that includes significant cuts to IRS funding don’t miss what’s already underway: DOGE has laid off staff, rushed tech upgrades, and is pursuing access to + control of sensitive taxpayer data. More from me + @iraregmi.bsky.social in @crisesnotes.bsky.social
crisesnotes.com
Inside DOGE's Dangerously Hasty IRS Modernization Plan
This is the second installment in the Notes on the Crises series on the IRS. While the first essay traced how the agency has become a political target and potential tool of authoritarianism, this piec...
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