cir industryreport final

7/28/2019 CIR IndustryReport FINAL

1/24

TGOIUGIVOIJKBWTILAO^CLI WIG]XGNVGF XGT^BILA KBWTIG_ ETBC KBWTILAO^V VB XWDAO^MGT

dy Tbdgrt K) Tbsgitmla!

Gxgnutovg Forgntbr


2/24

Oi tmg sporot b kburilaoston trlisplrginy! Tgoivgitoij Kburilaosc os

Tbdgrt K) Tbsgitmlas lnnbuit b lssucoij aglfgrsmop b tmg Ngitgr br

Oivgstojltovg Tgpbrtoij lif aluinmoij Nlaobriol Zltnm! ots stltgwofg

rgpbrtoij tglc) Vmos rgpbrt wls wrottgi lt tmg rgqugst b tmg Kbmi ^) lif

Klcgs A) @iojmt Ebuifltobi wotm tmg loc b mgapoij gaabw kburilaoscbrjliozltobis! plrtonualray ibiprbt stlrtups! aglri rbc NOTs gxpgrogings)

Lnìbwagfjgcgits;ûppbrt br tmos rgpbrt wls prbvofgf dy tmg Kbmi ^) lif Klcgs A) @iojmt

Ebuifltobi) Nmrostl ^nmlrgidgrj! Ilrfl [lnnmoib lif Clr` @ltnmgs

prbvofgf oivlauldag ggfdln` lif gfotoij suppbrt) Vmli`s tb Io`ò Eron` br

nbpy gfotoij lif @ltg Kgssup br brjliozoij tmg sofgdlrs lif br mgr rgsglrnm)


3/24

NGIVGT EBT OIUG^VOJLVOUG TGXBTVOIJ;TGOIUGIVOIJ KBWTILAO^C;

Vmos wly b wbròij wls fogrgit

rbc mbw igwsrbbcs trlfotobilaay

wgrg brjliozgf) Nrgltoij li gitoty tmltnbuaf prbfung tmos igw òif b stbry#

tgaaoij! lif lasb gxpaloioij ot tb pbtgi#

tola uifgrs! wls cy rst nmlaagijg)

Cy trlisbrcltobi rbc kburilaost"

gfotbr tb slagscli"gvlijgaonla gi#

trgprgigur dgjli occgfoltgay oi tmg

woitgr b 488=! wotmoi wgg`s b kboi#

oij NOT) O wls dlsonlaay stlrtoij rbc

snrltnm wotm l stl b sgvgi pgbpag

lif l dufjgt lrbuif &8#yglr mostbry lif sur#

vovla oistoints) Cy rst bnus mlf tb

dg bi sustloioij NOT) O ìgw mbw tb

nrlt stbrogs lif stbrogs wgrg wmlt

cbst b tmg kburilaosc uifgrs wgrg

nbcbrtldag ilinoij) ^b O dgjli dy

rlcoij potnmgs lrbuif prbkgnts)

O spgit sgvgrla rloiy Egdrulry flys oiIgw _br` vosotoij clkbr buifltobis

wotm Nmrostl ^nmlrgidgrj! bur ls#

sbnoltg forgntbr! wmb mlf dggi wotm

NOT br vg yglrs lif mlf dggi lnt#

oij gxgnutovg forgntbr br tmg yglr

probr tb cy moroij) O gxpaloigf tmg

cuato#paltbrc lpprblnm wg wlit#

gf tb nrgltg lif tla`gf ldbut l gw

clkbr prbkgnts! oinaufoij wbr` ls#

sbnoltgf wotm Orlq lif Ljmliostli!

mucli rojmts! tmg givorbicgit! lif

stltg nbvgrljg b Nlaobriol) Ib bigkucpgf but b mos br mgr sglt wotm

gxnotgcgit) Vmgrg wgrg fbudts lif

nmlaagijoij qugstobis ldbut tmg ig#

ngssoty b nrgltoij igw cbfgas but b

sclaa gxostoij ibiprbts)

Vmgi! wgg`s ltgr tmg Igw _br` trop!

wg cgt wotm tmg Klcgs Orvoig Ebui#

fltobi) Vmg prbjrlc bngr aostgigf

pltogitay tb cy cuato#paltbrc nbi#

ngpt lif tb bur stbry ofgls! lif tmgi

smg ls`gf! Nli ybu fb sbcgtmoijtmlts bnusgf bi Nlaobriol2 Bur

uifoij os bnusgf bi Nlaobriol)

O wls tmroaagf; L pbtgitola clkbr

uifgr wls oitgrgstgf) Nbvgroij tmg

stltg! wotm l naglr bnus bi oivgstojl#

tovg rgpbrtoij! fof ibt oitocofltg cg)

O mlf dggi l stltgmbusg rgpbrtgr lif

rli igwsrbbcs wmgrg stltg lif stltg#

mbusg nbvgrljg wgrg probrotogs) Nlao#

briol! oi lffotobi! os ibt biay doj#

jgr tmli cbst nbuitrogs! dut os grtoag

jrbuif br oivgstojltovg rgpbrtoij)

Vmg prbngss b nrgltoij wmlt wbuaf

dgnbcg Nlaobriol Zltnm tbb` b

ltgr tmlt nbivgrsltobi) L aottag wmoag

altgr! O mlf cy rst cggtoij wotm stl

b tmg Kbmi ^) lif Klcgs A) @iojmtEbuifltobi) O alof but l socoalr cgiu

lif tmg cuato#paltbrc lpprblnm)

Vmgy lasb rgspbifgf pbsotovgay) Vmgy

ao`gf tmg ofgl ldbut nrgltoij l kbur#

ilaoston brjliozltobi oi wmonm usoij

tgnmibabjy! gijljoij tmg pudaon lif

sustloioij tmg gbrt wgrg ngitrla tb

tmg cossobi)

Zg wgrg oitgrgstgf oi gijljoij tmg

pudaon oi rgpbrtoij! li gvbavoij nbi#

ngpt) Zg rglaozgf tmlt ot wls wbrtm

gxpabroij tmg qugstobi rglfgrs lif

vogwgrs btgi ls` ltgr li oivgstojl#

tobi mls dggi pudaosmgf; Zmlt nli wg

fb ibw2 Zg wlitgf tb if l wly tb

duoaf tmlt oitb tmg kburilaosc! gvgi

lrbuif tmg sgisotovg sudkgnts tmlt oi#

vgstojltovg rgpbrtoij gxpabrgs)

Mbw tb cliljg lif gijljg li lufo#

ging wls sbcgtmoij wg wbuaf mlvg

tb duoaf oitb bur paliioij) Zg wlit#

gf tb nrgltg igw strltgjogs tb smlrg

oibrcltobi! ls wgaa ls gxpabrg igwfostrodutobi cbfgas) ^bnola cgfol

wls gxpabfoij lif bgrgf sbcg igw

pltmwlys br pudaon gijljgcgit lif

fostrodutobi) Vmg ldoaoty b stbrogs lif

vofgb tb jb vorla prgsgitgf l naglr bp#

pbrtuioty) Zg wlitgf tb nrgltg nbc#

cuiotogs b oitgrgst lrbuif sudkgnts

lif jgbjrlpmy) Lif wg wlitgf tb

oivbavg tmgsg nbccuiotogs tb jltmgr

oibrcltobi lif mgap if sbautobis)

Lt tmg slcg tocg tmlt O wls brcualt#oij l stltg nbingpt! brcgr ^li Erli#

nosnb Nmrbionag stl wrotgr Abuos

Erggfdgrj mlf jbttgi sggf cbigy

rbc tmg Orvoig Ebuifltobi lif tmg

Zoaaolc lif Eabrl Mgwagtt Ebuifl#

tobi tb fgvgabp l socoalr prbjrlc)

Erggfdgrj lif O mlf sgvgrla tla`s! lif

wmoag wg mlf fogroij vosobis! tmgrg

wls rglsbi tb smlrg bur palis) Zg dbtm

ìgw tmlt uifs wgrg aocotgf lif tmlt

Cy trlisbrcltobi rbc

kburilaost"gfotbr tb

slagscli"gvlijgaonla

gitrgprgigur dgjli

occgfoltgay oi tmg woitgr

b 488=! wotmoi wgg`s b

kboioij NOT)

Lt tmg ngitgr b bur rgpbrtoij lif fos#

trodutobi cbfga os tmg stbry) Vmg spb`gs

rgprgsgit tmg cuato#paltbrc prbfuntobi

lif fostrodutobi)


6/24

NGIVGT EBT OIUG^VOJLVOUG TGXBTVOIJ;TGOIUGIVOIJ KBWTILAO^C;6

ot cojmt dg pboitagss tb nbcpgtg! gs#

pgnolaay oi oinrglsoijay forg gnbibcon

tocgs) Zg fgnofgf tmlt wg wbuaf

pursug bur palis sgplrltgay! dut aglvg

bpgi tmg pbssodoaoty b kboioij brngs)

Lrbuif tmos tocg! l tlagitgf tgagvo#

sobi prbfungr agt NOT) Oistglf b rg#

palnoij mgr wotm libtmgr kburilaost! Ofgnofgf tb morg sbcgbig wmb nbuaf

mgap ply tmg doaas) Zg iggfgf tb rlosg

cbigy)

Vmrbujm l rogif! O cgt sbcgbig

wotm l strbij uifrlosoij rsuc!

oinaufoij gxpgroging rlosoij cbigy

br kburilaosc! l rlrg nbcdoiltobi

jovgi mbw gw kburilaosc#bnusgf

ibiprbts tmgrg wgrg lt tmg tocg) Oi

wmlt prbvgf tb dg l nrunola fgnosobi!

Nmgroayi Xlrsbis wls morgf ls l plrt#

tocg fgvgabpcgit forgntbr) Ot wls

lasb l `gy stgp oi cy gvbautobi rbc

gfotbr tb pudaosmgr)

Oi cy plst rbag ls gfotbr b l doj

igwsrbbc! O rgsgitgf wmgi gfotbrola

rgsburngs wgrg nut wmoag dusoigss

dufjgts oinrglsgf) Dut ibw! tmoi`oij

cbrg ao`g l pudaosmgr tmli li gfotbr!

O `igw tmlt rgpalnoij tmg fgplrtoij

kburilaost wotm libtmgr rgpbrtgr wls

ibt li bptobi) O iggfgf sbcgbig

wmb uifgrstbbf tmg wbraf b bui#fltobis! tmgor iulings lif oitgrgsts!

lif mlf l sgisodoaoty ldbut bur kbur#

ilaoston cossobi) Zotm Vmg -Nagvgalif/ Xaloi Fglagr! Kuig


7/24


Vmg Dloagy Xrbkgnts cbfga mlf jloigf

l jrglt fgla b pbsotovg lttgitobi) Ot

wls naglr tmlt wg mlf mot tmg toppoij

pboit tmg pboit lt wmonm igws br#

jliozltobis wotm fosplrltg sòaas lif

gxpgrtosg lif smroiòij rgsburngs

wgrg dgttgr b wbròij tbjgtmgr) Zg

ìgw tmlt wg wgrg fboij jrglt kbur#

ilaosc! wmonm gat jbbf! dut tmg nba#aldbrltobi wls igngsslry tb `ggp tmg

oivgstojltobi jboij0 ot wls prbfunoij

stbrogs tmlt gvgitulaay agf tb nbivon#

tobis lif rgbrcs oi tmg Blàlif

Xbaong Fgplrtcgit)

Zotm tmg Nmluingy Dloagy Xrbkgnt! wg

aglrigf tmlt wg nbuaf nbitrba fostro#

dutobi tmrbujm ls cliy plrtigr rgal#

tobismops ls wg nbuaf cliljg proit!

tgagvosobi! rlfob! wgdsotgs lif tmlt

trlfotobila nbingris ldbut gxnausovoty!gvgi wotm


8/24


Zotm buifltobis! O wls sbbi tb aglri!

ybu bpgrltgf bi tmgor nynag lif lt

tmgor plng) Vmgy mlvg cliy suotbrs)

Vmgy mlvg oitgrila fyilcons! nbi#

eonts lif stl nmlijgs tmlt nli latgr

ybur brjliozltobis aog! br dgttgr br

wbrsg) Dut ls O wls rgcoifgf ljloi

lif ljloi! tmg kbd b buifltobis os

tb jovg lwly cbigy) Cy kbd wls tbprgsgit l strbij brjliozltobi lif lr#

jucgit br tmgor oivgstcgits)

Vmgrg wls l mgr`y#kgr`y rmytmc tb

tmg vlrobus buifltobi uifoij nynags

lif dblrf snmgfuags! wmonm agt vgry

aottag tocg br cg tb fb lacbst liy#

tmoij gasg lt NOT) Elng tocg wotm

uifgrs! wmonm rgquorgf tmg cui#

flig snmgfuaoij lif nbircoij b

cliy cggtoijs! wls ls gssgitola ls

uifgrstlifoij tmg oitgrgsts b glnmbuifltobi) O trlvgagf rgqugitay tb

cggt wotm buifltobi stl cgcdgrs!

wmonm btgi oivbavgf tmrgg#fly nrbss#

nbuitry trops wotm ls cliy ls vg

cggtoijs l fly) Jgttoij oi tmg fbbr

wls ibt lawlys glsy) Vmg gxpgroging

b nmlrgidgrj lif Xlrsbis wls nru#

nola tb bpgioij fbbrs) Dut tmg cggt#

oijs wgrg ocpgrltovg tb fgvgabpoij

l rlppbrt wotm vgry dusy prbjrlc

bngrs)

O wls l ibvong lt tmos! dut gvgry stgp

wls l igw agssbi)

ELNG VOCG ZOVM L DOAAOBILOTG

XMOALIVMTBXO^V

Vmg cbst ggntovg lng#tb#lng cggt#

oijs bnnurrgf wmgi O wls ldag tb nbi#

vgy bur vosobi lif cossobi lif rgaly

cy pgrsbila stbry ls l kburilaost) Xlr#

sbis mlf tb dg prgsgit lt cliy b tmg

cggtoijs tb nbbrfoiltg baabw#up lif

frlt tmg prbpbslas) Kujjaoij cuatopag

buifltobi rgqugsts lif prbpbslas

cglit sgttoij up l rojbrbus cliljg#

cgit systgc br wmonm ^nmlrgidgrj

lif Xlrsbis mlf rgspbisodoaoty) Vmgy

mlf cy trust! lif tmgy mlf cy dln`)

Ugry ocpbrtlit br cg! tmgy pusmgf

dln`! ls`gf qugstobis! uifgrstbbf bur

cossobi lif turigf tmlt vosobi oitb

naglr prbsg) Vmg Nlaobriol prbkgnt

lif NOTs uturg wgrg ls rgaolit bi

tmgor sòaas lif pgrsostging ls liybigs)

Lrbuif tmos tocg! oi tmg sproij b

488=! O mlf cy rst big#bi#big nbi#

vgrsltobis wotm pmoalitmrbposts) Vmg

rst stgp os jgttoij oi tmg fbbr) ^bcg#

tocgs! tmg fbbr nli dg bpgigf dy

nmling br dy nbitlnt clfg tmrbujmdblrf cgcdgrs! rogifs br lnquloi#

tlings) Btmgr tocgs! tmg fbbr igvgr

bpgis) Vmgrg os ib rgla trloioij br

tmos) _bu lrg sgaaoij ybur wots! pgrsbi#

laoty! plssobi lif vosobi0 nmgcostry os

gssgitola)

L rogif wmb mlf sgnurgf uifoij

rbc Jgbrjg brbs br l dusoigss prbk#

gnt yglrs ljb tbaf cg tmlt oi cggt#

oij l pbtgitola jrlitgg! ^brbs wbuaf

ìbw oi l nbupag b coiutgs wmgtmgr

mg wbuaf uif ybu) Mg slof ^brbs

clfg tmbsg fgnosobis wotm mos jut)

Vmrbujm libtmgr rogif! O wls ldag

tb cggt ^li Erlinosnb pmoalitmrbpost

lif doaaobilorg ilinogr Zlrrgi Mgaa#

cli) Zmgi O ls`gf cbrg gxpgrogingf

uifrlosgrs mbw O smbuaf prgplrg br

tmlt cggtoij! tmg nbisgisus wls dg

ybursga)

O wgit tb Mgaaclis bng) Mos nabtmgs

wgrg rucpagf0 mos smbgs wgrg wbri

lif nbcbrtldag#abbòij) Mg tbb` bmos spbrts kln`gt lif! wotmbut abbòij!

tbssgf ot oi l mglp bi l nbrigr nmlor)

Of igvgr cgt liybig wotm mos wglatm!

lif O ìgw mg mlf tmg nlplnoty tb dg

l ilinola jlcg nmlijgr br NOT) O

occgfoltgay gat nbcbrtldag wotm

moc0 O tbaf moc ldbut cy dln`#

jrbuif! wg tla`gf spbrts! lif O gvgi#

tulaay aluinmgf oitb wmgrg O mbpgf

tb tl`g NOT lif tmg oifs b kburila#

osc wg wbuaf fb) O fof ibt gga ao`gl slagscli! tmbujm O suppbsg tmlts

wmlt O wls)

Ltgr l gw coiutgs b cy vosobi

tla`! Mgaacli stbppgf cg)

Zg mlvg tb uif tmg cbtmgr! mg slof)

Vmg cbtmgr2 O rgspbifgf) O mlf ib

ofgl wmlt mg cglit)

_bu! mg slof) _bu iggf tmg suppbrt

lrbuif ybu tb fb wmlt ybu nli fb)

O fof ibt rglaozg ot lt tmg cbcgit! dut

mg jbt tmg vosobi) Ls l dusoigsscli

lif gitrgprgigur! Mgaacli uifgr#

stbbf tmg nbingpts O wls alyoij but!

lif mg wls tmoiòij ldbut mbw tb

suppbrt tmgc! lif cg)O nlcg but b tmg cggtoij wotm l

jbbf ggaoij) O ao`gf Mgaacli! lif mg

wlitgf tb cggt ljloi) O mlf dggi tbaf

tmlt fgvgabpoij li oifovofula fb#

ibr nbuaf dg l agijtmy prbngss) Ot wls

ldbut rgaltobismop duoafoij! lif mgrg

ot wls oi prlntong)

Bvgr tmg igxt gw cbitms! O cgt

wotm Mgaacli sgvgrla tocgs) Mg slof

mg wbuaf mgap lif clfg l &


9/24

NGIVGT EBT OIUG^VOJLVOUG TGXBTVOIJ;TGOIUGIVOIJ KBWTILAO^C;:

prgssobi bi oifovofula pmoalitmrbposts)

Dut O lasb mlf aglrigf tmlt duoafoij

tmgsg rgaltobismops wbuafit lawlys

trlisaltg oitb suppbrt tmlt nbuaf prb#

vofg tmg typg b ilinola rgsburngs

wg iggfgf tb rglnm bur vosobi)

Ls tmg Mgaacli oitgraufg uibafgf

lif uirlvgagf! wg lasb wgrg wbr`#oij wotm cliy buifltobis! alrjg lif

sclaa) Ot os ocpbrtlit tb mlvg cliy

aoigs but lif dg rglfy tb gvbavg lif

lfkust ybur tmoi`oij lif strltgjogs)

Ebr gxlcpag! oi oiotola nbivgrsltobis

furoij tmg sproij b 488=! wg wgrg

tla`oij ldbut nrgltoij l fgstoiltobi

wgdsotg br tmg Nlaobriol prbkgnt)

Zg wgrg nbisofgroij tmg ofgl b dg#

oij tmg jb#tb sotg br oi#fgptm Nlao#

briol igws! oinaufoij bur bwi oi#

vgstojltobis lif ljjrgjltgf nbitgit

rbc lrbuif tmg stltg)

Dut lt tmg slcg tocg! tmg Nmluin#

gy Dloagy Xrbkgnt fgcbistrltgf tmg

strgijtm b nbaaldbrltovg rgpbrtoij

lif fostrodutobi) Zg mlf nrgltgf tmg

nbisostgit ldoaoty tb rglnm alrjg lu#

fogings tmrbujm cliy socuatligbus

pudaosmoij lif drblfnlst plrtigrs) Ot

wbuaf mlvg dggi bbaosm tb ojibrg

tmlt sunngssua aglrioij gxpgroging)

Vmrbujm tmg prbkgnt wmonm rg#vglagf l smbffy pbaong oivgstojltobi

lif agf tb twb curfgr nbivontobis oi

48


10/24

NGIVGT EBT OIUG^VOJLVOUG TGXBTVOIJ;TGOIUGIVOIJ KBWTILAO^C;=

Vmg ilrrltovg br bur prbpbsla wls

tl`oij smlpg ls wg mbigf `gy proi#

nopags) Vb fgvgabp lif tgst tmos cbfga!

tmg Nlaobriol prbkgnt wbuaf;

p Fgvgabp nbaaldbrltobi ls l `gy

strltgjy br tmg igws bpgrltobis b

tmg uturg

p Ocpagcgit cuatocgfol fostrodutobils plrt b gvgry stbry lif tgst igw

fojotla tgnmibabjogs

p Fgvgabp oiibvltovg! rgpaonldag

strltgjogs tmlt nli jgigrltg

rgvgiug rbc cuatocgfol nbitgit

lif mgap sustloi bpgrltobis

Furoij tmg alst qulrtgr b 488=! wg

sudcottgf tmg prbpbslas tb tmg Orvoig!

Mgwagtt lif @iojmt buifltobis) Vmg

tbtla brojoila dufjgt br tmg rst yglrb Nlaobriol Zltnm wls iglray &


11/24

NGIVGT EBT OIUG^VOJLVOUG TGXBTVOIJ;TGOIUGIVOIJ KBWTILAO^C;?

Oi glray Kuay! wg wgrg rglfy tb stlrt

moroij) Zmoag wg mlf l alrjg lcbuit

b cbigy! ot mlf tb strgtnm bvgr tmrgg

yglrs) Vmg dufjgt wls tojmt! lif wg

iggfgf tb clxocozg ot) Zg wgrg sgt#

toij but tb nbvgr tmg alrjgst stltg oi

tmg nbuitry) Vmrbujm kburilaosc gc#

pabycgit wgdsotgs! wg liibuingf

tmlt wg wgrg moroij sox rgpbrtgrs liftwb cuatocgfol prbfungrs) Iglray

:88 kburilaosts lppaogf) Clrnol Xlr`gr

cliljgf tmg bisalujmt) Ls wg dg#

jli bur glray strltgjy sgssobis lif

tmbujmt ldbut tmg qulaotogs wg wgrg

sggòij oi igw stl cgcdgrs! tmgrg

wls ljrggcgit tmlt wg wbuaf dg nrg#

ltoij l cuato#paltbrc! nbaaldbrltovg

igws brjliozltobi wmgrg gvgrybig

mlf tb tmoi` b mocsga br mgrsga ls l

pbtgitola gitrgprgigur oi lffotobi tb

dgoij l kburilaost)

Oi nbivgrsltobis wotm sgiobr stl! laa

b wmbc wgrg oivbavgf oi tmg oitgr#

vogw prbngss! wg strgssgf tmg iggf tb

dg naglr wotm lppaonlits tmlt tmos wls l

rljoag! dut jrglt! bppbrtuioty tb duoaf

sbcgtmoij uioqug) Zg lasb gcpml#

sozgf tmlt gvgrybig wbuaf dg plrt b

tmg gvbautobi b tmg prbkgnt! lif tmgy

mlf tb dg bpgi tb! lif nbcbrtldag

wotm! nbaaldbrltobi oitgrilaay lif gx#

tgrilaay) Zg lasb wgrg fgtgrcoigf tbmorg l fovgrsg tglc)

Vmg rlijg b lppaonlits wls stroòij!

rbc cuatopag Xuaotzgr Xrozg woiigrs

rbc agjlny igwsplpgrs tb ybuijgr

kburilaosts wmb mlf wbr gf biay

br wgd#dlsgf igws brjliozltobis)

@ltnmgs! wmb mlf dggi bi tmg dblrf

b Oivgstojltovg Tgpbrtgrs lif Gfo#

tbrs lif oivbavgf wotm ots cgitbroij

prbjrlc! lasb mlf nbiigntobis tb l

igtwbr` b ybuij! tlagitgf lif lc#dotobus kburilaosts)

Vmgrg wls li lduifling b igw

cuatocgfol kburilaosts bi bur aost lif

strbij nbcputgr#lssostgf rgpbrtoij

lppaonlits) Zg lasb wgrg abbòij br

pgbpag wmb mlf cuatopag#paltbrc

stbrytgaaoij sòaas lif wgrg nbcbrt#

ldag usgrs b sbnola cgfol lif igw

tgnmibabjogs) Ot wls naglr tmlt cliy

kburilaosts wgrg oitgrgstgf oi dgoij

plrt b duoafoij sbcgtmoij igw) Gvgi

wotm bur uingrtloi uturg! lppaonlits

wgrg woaaoij tb dg plrt b wmlt wg laa

slw ls l ibdag gxpgrocgit)

Bur igw tglc wbuaf iggf tmg ldoaoty

tb lflpt tb nmlijgs lif bppbrtuio#

togs oi tgnmibabjy) O fof ibt wlit lnmlijg#rgsostlit nuaturg wgffgf tb

plst prlntongs) Zg iggfgf tb mlvg l

egxodag lif iocdag brjliozltobi) Zg

iggfgf tb dg nbistlitay abbòij but#

wlrf tb tmg lufoging lif bur plrt#

igrs iggfs)

@ltnmgs nlcg bi tmg sngig wotm tmg

lutmbroty tb smlpg tmg gfotbrola tglc!

wmonm wbuaf dg rgpbrtoij tb moc) Mg

mlf tmg gxpgroging! nrgfgitolas lif

rgputltobi tb duoaf tmg uiot) Oi tmg

gif! wg morgf tmg tglc wg mlf givo#

sobigf; rbc vgtgrli Nlaobriol kbur#

ilaosts Aling Zoaaolcs -^li Erlinosnb

Nmrbionag/ lif Tbdgrt ^laalfly -Abs

Lijgags Vocgs/0 tb ybuijgr rgpbrtgrs

Gronl Xgrgz -Coawlu`gg Kburila ^gi#

toiga/! Nmrostoil Kgwgtt -XrbXudaonl/!

Nbrgy J) Kbmisbi -Vmg Elygttgvoaag

Bdsgrvgr/ lif Nmlsg Flvos -Fgs

Cboigs Tgjostgr/0 tb cuatocgfol prb#

fungrs Clr` Aunòg -


12/24


bvgrlaa stbry br tmg stltg! mg lasb mlf

fgtloagf fltl br lacbst liy nbuity br

abnlaoty! wmonm bgrgf l jrglt lvgiug

br plrtigroij wotm cgfol butagts

tmrbujmbut Nlaobriol tb abnlaozg tmg

alrjgr oivgstojltobi)

Ibw wg mlf tb jurg but fostro#

dutobi) Zbuaf gfotbrs dg bpgi tb l

rglfy#clfg! uioqug ?"


13/24

NGIVGT EBT OIUG^VOJLVOUG TGXBTVOIJ;TGOIUGIVOIJ KBWTILAO^C;78 brtmg stbry) -Zg mlvg soing oinrglsgf

bur ggs sojionlitay)/ Igws wgd#

sotgs wbuaf jgt tmg stbry br rgg! ls

wbuaf btmgr ibiprbts lif @\GF)

Zotm moifsojmt! tmg lcbuit b dln`

lif brtm lif bur lixogty bvgr tmg

slags potnm wls nbconla! jovgi tmg

rgaltovgay sclaa lcbuits b cbigy wg

wgrg sggòij) Dut ot wls butsofg b

bur kburilaoston nbcbrt zbig)

Zg dgjli clòij ls cliy nlaas ls wg

nbuaf! fgsnrodoij Nlaobriol Zltnm

lif NOT tb gfotbrs) Zg gxpaloigf tmlt

wg mlf l stbry oi wmonm tmgy cojmt

dg oitgrgstgf! fgsnrodoij mbw ot nbuaf

dg abnlaozgf! agttoij tmgc ìbw tmlt

wg wgrg bgroij ot tb btmgrs lrbuif

tmg stltg! pbssoday gvgi btmgr cgfol

oi tmgor clr`gt! tgaaoij tmgc wg wgrgnmlrjoij -nroijg/! lif fgsnrodoij

tocoij lif palis br rgaglsg)

Zg mlf ib ofgl o tmos wbuaf wbr`!

dut ot fof) ^nmuazs stbry rli bi tmg

rbit pljg b ldbut twb fbzgi igws#

plpgrs! rglnmoij cbrg tmli Nbaucdol Kburilaosc Tgvogw!

Cly"Kuig 48


14/24



15/24


^BAUOIJ FO^VTODWVOBI

NBIWIFTWC^

Ls stbrogs dgjli tb dg nbcpagtgf lif

fostrodutgf! wg rgigf tmg gfotoij

lif fostrodutobi prbngss wg mlf gs#

tldaosmgf wotm tmg mbcgalif sgnuroty

stbry) Zg ìgw rbc tmlt gxpgroging

tmlt tmgrg wls l iggf tb mgap igwsbrjliozltobis abnlaozg bur stbrogs) Dut

wg nbuaf ibt cliljg tmlt prbngss br

gvgry plrtigr)

@ltnmgs nlcg up wotm l sbautobi) Mg

gfotgf tmrgg tb bur vgrsobis b l proit

stbry! dy jgbjrlpmy! wmgi pbssodag)

Zg cojmt mlvg ^butmgri! Ngitrla

lif Ibrtmgri Nlaobriol vgrsobis! br

gxlcpag) Laa b tmgsg stbrogs wgrg frl#

cltonlaay smbrtgr tmli tmg uaa#agijtm

vgrsobi wg wbuaf pudaosm bi bur

wgdsotg) Oi sbcg nlsgs! >!888#wbrf

stbrogs wbuaf dg nut dy twb#tmorfs

br igws brjliozltobis tmlt nbuafit

lnnbccbfltg agijtmy tgxt stbrogs)

Xlrtigrs wbuaf mlvg lnngss tb bur

fltl lif nbuaf nrlt abnla oisgrts br l

igw tbp wotm bur soji#b) Vmgy lasb

nbuaf fb tmgor bwi sofgdlrs wotm l

abnla bnus) Zg fgaovgrgf dufjgt aoigs

ls glray ls pbssodag! rgqugitay twb

wgg`s lmglf b tmg pudaonltobi fltg)

@\GF rlfob lif Cbitjbcgry! bur

smlrgf rgpbrtgr! wgrg oivbavgf rbc

tmg dgjoiioij b stbrogs! fgnofoij oi

nbisuatltobi wmonm bigs mg wbuaf

bnus bi br drblfnlst) Vmg rgst b us

quonày aglrigf tmg nbingpt b sbuif!

kust ls wg aglrigf ldbut tmg iggf br

vofgb tmrbujm bur wbr` wotm @JB#

VU lif btmgrs) Ljustoi Lrcgiflroz!

bur fltl lilayst! nrgltgf sglrnmldag

fltldlsgs br cliy stbrogs)

Fostrodutobi wls tlòij up cbrg bErggfdgrjs lif cy tocg) Zg ìgw

wg iggfgf l stl cgcdgr bnusgf bi

fostrodutobi lif plrtigr cliljgcgit)

Zg lasb wlitgf tb lff l mglatm rg#

pbrtgr! sb wg sgt but tb if lffotobila

uifoij) Dy tmg sproij b 48

stbrogs) Vwgity#gojmt sglrnmldag fl#

tldlsgs nbcpagcgitgf bur wbr` lif

mgapgf tmg pudaon abnlaozg lif pgr#

sbilaozg doj ossugs) ^tbrogs oinaufgf l

abb` lt DX rgngovoij stocuaus uifs!

ngslrgli sgntobi rltgs lnrbss Nlaobriol

lif ossugs rgaltgf tb cltgrila mglatm!

lif naocltg nmlijg agjosaltobi oi Nla#

obriol)

Bur stbrogs wgrg mlvoij li ocplnt;

p Zg fgtloagf iucgrbus notltobis

br l clkbr rgtloagr br sgaaoij kgwgary

tloitgf wotm aglf! prbcptoij

tmg rgtloagr tb puaa otgcs rbc stbrg

smgavgs iltobiwofg lif aglfoij tb

pgifoij stltg agjosaltobi tb cbrg

ggntovgay prgvgit sunm slags)

p Zg smbwgf mbw muifrgfs b

iursoij mbcgs mlf nut stl lif

rgfungf wljgs! gvgi ls tmgy tbb`

cbigy rbc l tlxplygr uif

fgsojigf tb fb kust tmg bppbsotg)

Ltgr tmg stbry rli! tmg jbvgribr

liibuingf l sgrogs b qulaoty lif

lnnbuitldoaoty rgbrcs tmlt wgrg

lpprbvgf dy tmg Agjosalturg lifsojigf oitb alw)

p Zg smbwgf mbw alw gibrngcgit

ljginogs wgrg oinrglsoijay usoij

FWO nmgn`pboits tb sgozg vgmonags

rbc uiaongisgf frovgrs! cbstay

occojrlits) Ltgrwlrf! dlsgf bi

bur wbr`! tmg noty b Abs Lijgags

lif sgvgi btmgr notogs mlatgf tmg

prlntong b ocpbuifoij vgmonags)

Vmg stbry lasb rgsuatgf oi pudaon

prbtgsts) Agjosaltobi wls oitrbfungftb frlcltonlaay nurd ocpbuifoij

lt nmgn`pboits)

Bur wbr` mls agf tb oifustry lwlrfs!

oinaufoij l jgigrla gxngaaging lwlrf

rbc tmg Biaoig Igws Lssbnoltobi

lif Kburilaosts b tmg _glr lif Oivgs#

tojltovg Tgpbrtoij lwlrfs rbc tmg

Ibrtmgri Nlaobriol Nmlptgr b tmg

^bnogty b Xrbgssobila Kburilaosts)

Bur Nlaobriol Zltnm wgdsotg lasb

wbi l Iltobila Mglfaoigr Lwlrf brdgst biaoig#biay igws sotg)

Zotm Xudaon Gijljgcgit Cliljgr

Lsmagy Lavlrlfb oi palng! wg prb#

fungf oi#fgptm Tglnt % Lnt cltg#

rolas oi nbikuintobi wotm clkbr oivgs#

tojltobis) Vb gildag bur lufoging tb

tl`g lntobi bi ossugs tmgy nlrg ldbut!

Lavlrlfb nrgltgf \%Ls! lnt smggts!

aoi`s tb jbbf sburngs b urtmgr oibr#

cltobi! lif nbitlnt oibrcltobi br

`gy palygrs lif jbvgricgit bnolas!

laa oi big glsy#tb#ilvojltg palng) Bur

gijljgcgit lasb gxtgifgf tb forgnt

nbccuioty nbitlnt! sunm ls rgg aglf

snrggioijs baabwoij bur oivgstojl#

tobi oitb nbitlcoiltgf nbstucg kgw#

gary! lif Bpgi Igwsrbbc gvgits oi

wmonm wg stltobi rgpbrtgrs oi Zo#Eo#

lnngssodag nlgs lrbuif tmg stltg tb gx#

paloi Nlaobriol Zltnm tb tmg pudaon)


16/24


aoig Nbccuioty Cliljgr Cgjmlii

Elriswbrtm agf tmg oiotoltovg tb nrgltg

l cgcdgrsmop lif syifonltobi cbfga

tmlt wbuaf jgigrltg lffotobila rgv#

giug) Eojuroij but pronoij lif jgt#

toij l sgisg b wmlt igwsplpgrs wotm

smroi`oij dufjgts wbuaf ply wls

l rst stgp) Zg `igw tmlt tmg vlaugprbpbsotobi br bur stbrogs wls ro#

fonuabusay nmglp br bur plrtigrs) Kust

nbcputoij slalry lif dgigts br l

rgpbrtgr! ls wgaa ls gfotoij tocg br l

stbry tmlt wbuaf nbisgrvltovgay tl`g

tmrgg cbitms! wbuaf nbst l igws#

rbbc l coiocuc b &48!888)

L igws brjliozltobi oi 48


17/24

NGIVGT EBT OIUG^VOJLVOUG TGXBTVOIJ;TGOIUGIVOIJ KBWTILAO^C;oi 488= lt l ^li Erlinosnb Eoac ^b#

nogty gvgit) Vmg altg Jrlmlc Agjjlt!

tmg vosobilry lif oisporltobila gxgnu#

tovg forgntbr b tmg sbnogty lt tmg tocg!

oitrbfungf cg tb Alrry lif ^mlrbi

Clanbacsbi! l nbupag wmb mlf li

oitgrgst oi oivgstojltovg rgpbrtoij

lif fbnucgitlry ac) Zg nmlttgf!

lif tmgy nlcg tb bur abt bng oi

Dgr`gagy) Zg cgt bi l fly wmgi ot

wls drutlaay mbt! lif bur strujjaoijibiprbt abb`gf lif gat ao`g l struj#

jaoij ibiprbt) Vmgy agt slyoij tmlt

wg iggfgf tb jurg but mbw tb sus#

tloi wmlt wg wgrg fboij)

Zg stlygf oi tbunm) Vmgy nlcg tb

mglr cg spgl` lt l nbupag b gvgits!

lif wg lawlys mlf liocltgf! oitgisg

nbivgrsltobis) Oi altg 48

nbcpliy lif ls`gf o O nbuaf cggt

br auinm) Zmgi wg cgt tmg igxt

wgg`! tmgy ls`gf cg wmlt wg iggfgf)

O cgitobigf sgvgrla tmoijs) O lasb tbaf

tmgc tmlt wg wgrg lnoij l smbrtlaa

br tmg yglr)

Vmos wls lw`wlrf br cg) Vmg Cla#

nbacsbis! ao`g pmoalitmrbpost lif prg#

vobus NOT fbibr Zlrrgi Mgaacli!

wgrg uiprgtgitobus! nlifof pgbpag

wotm wmbc O gat nbcbrtldag) Dut

cbrg tmli tmrgg yglrs oitb cy rbag! ot

wls stoaa mlrf tb ls` forgntay br cbi#

gy) O fof ibt cgitobi l fbaalr jurg)

Ibr fof tmgy) Alrry Clanbacsbi slof

tmgy wbuaf cl`g l fbiltobi tb NOT

ltgr spglòij wotm tmgor lnnbuitlit)

O mlf ib ofgl wmlt tmgy wgrg tmoiòij)

Vmg igxt wgg`! ^mlrbi Clanbacsbi

nlaagf lif slof mgr igpmgw wbuaf

nbcg dy tmg igxt fly wotm l nmgn`) O

slof tmli` ybu)

Vmgi smg slof! Ot woaa dg br l coaaobi

fbaalrs)

O wls stuiigf)

Vmg Clanbacsbis ìgw tmlt tmgor

suppbrt wbuaf jovg us l aottag drgltm#

oij rbbc) Vmgrg wgrg ib stroijs lt#

tlnmgf)

Wsg ot tb `ggp tmg aojmts bi! Cr)

Clanbacsbi slof) Vmgy dgaogvgf wg

wgrg nlpldag b ocpbrtlit wbr`! dbtm

bi stbrogs lif oi bur cbfga! lif tmgy

uifgrstbbf mbw tgiubus bur sotul#

tobi wls) Vmgor suppbrt mls prbvgf tbdg l aogaoig tmos yglr latmbujm wg

stoaa mlvg btmgr mbags oi bur dufjgt

tmlt wgrg lttgcptoij tb aa)

Vmg Clanbacsbis wgrg twb oinrgfo#

day jgigrbus lif mbigst pgbpag) O wls

ldag tb gstldaosm l rgaltobismop wotm

tmgc) Ots nrunola tb mlvg tmlt òif b

rgaltobismop wotm oifovofula fbibrs)

Zmgi ot plys b! ot os dlsgf bi l pgr#

sbila nmgcostry ls cunm ls liytmoij

gasg) Oifovofula fbibrs nli trlisbrcli brjliozltobi! lif tmg gbrt tb if

tmgc! nuatovltg tmgc lif wbr` wotm

tmgc os gssgitola)

Vmg Clanbacsbis ìgw tmlt dln` oi

48


18/24



19/24


rgjualtobis oi Nlaobriols pudaon snmbbasrbn`s stltgs buifltobis

@iojmt Dabj! Lproa Nlaobriol Zltnm ifs l igw nbisucgr

jrbup br ots Bi ml`y Jrbuif

oivgstojltobi; ofs

Iogcli Kburilaosc Ald! Lproa =! 48


20/24


ots bwi lfvgrtosoij igtwbr`) Vmos woaa

cl`g ot pbssodag tb gcdgf bur vofgb

bi plrtigrs wgdsotgs wotm bur drlif)

Ot woaa drblfgi bur fostrodutobi

nlpldoaotogs lif jgigrltg rgvgiug!

tmbujm kust mbw cunm os uinaglr)

Zg lasb lrg dgjoiioij tb wbr` ui#

fgr l jrlit rbc Jbbjag tb usg ots

LfZbrfs igtwbr`) Vmg jrlit! wmonm

tbtlas &


21/24



22/24


tmgc os l dot nbiusgf) Vmlts dgnlusg

tmgy sgg tmlt pmoalitmrbpy lppglrs tb

dg wbròij br us! lif tmgy wbifgr

wmy wg fbit bnus sbagay bi pmoali#

tmrbpon suppbrt) Dut wmlt wg rglaozg os

tmlt buifltobi suppbrt nli foslppglr)

Vmgrg lrg oimgrgit nbieonts lif

nmlaagijgs br tmg ibiprbt abbòijbr igw rgvgiug br ots wbr`) Zg

mlvg cuatopag uifgrs glnm wotm

ots bwi nbrg oitgrgsts) ^bcg uifgrs

nlrg ldbut l spgnon ossug) Btmgrs

nlrg ldbut l plrtonualr rgjobi) ^bcg

wlit us tb cglsurg ocplnt dy lufo#

ging lif wlit tb oibrc tmg pudaon)

Btmgrs nlrg fggpay ldbut gijljgcgit

lif ocplnt) Lif sbcg uifgrs cly

socpay dgaogvg oi kburilaosc lif tmg

vlaug b oivgstojltovg rgpbrtoij) Ots

iglray ocpbssodag tb paglsg gvgrybig)

Zg lasb quonày aglrigf tmlt droijoij

oi pgbpag wotm dusoigss sòaas os nbstay!

dut igngsslry) Zg mlvg nbcg tb ìbw

wmlt wg fofit ìbw! lif wbròij

bi tmg dusoigss pali rglaay clfg tmlt

naglr; Zg lrg kburilaosts! ibt CDLs)

Ls wg wbr`gf bi tmg pali! wg fgigf

wmlt wbuaf mgap sustloi bur lttgcpt

tb duoaf l mydrof ibiprbt wotm l

plrt b ots drloi frovgi dy rgvgiug)

Vmos agf tb li uifgrstlifoij tmlttmgrg lrg l wofg vlrogty b ofgls tmlt

nbuaf mgap sustloi us; Ocpbrtlit!

uioqug stbrogs tmlt cl`g l fogrging

cly fb cbrg tmli liytmoij gasg tb

sustloi us) Nrgltoij l prbfunt rbc

bur fltl nbitgit tmlt nbuaf tl`g b

ls l cbdoag lpp cojmt mgap sustloi us)

Eojuroij but tmg tbbas lif ibwagfjg

tb clstgr lufoging gijljgcgit nli

mgap sustloi us) Nmbbsoij lif gx#

gnutoij tmg stbrogs tmlt cl`g li oc#

plnt nli mgap sustloi us) Lffoij stl

tb nuatovltg oifovofula fbibrs nbuaf

mgap sustloi us) Mlvoij tmg stl br

sòaas tb clstgr biaoig lif sbnola cg#

fol clr`gtoij lif uifrlosoij nbuaf

mgap sustloi us) Nurltgf lif lufo#

ging#tlrjgtgf fltl nbuaf mgap sustloi

us) Nb#prbfuntobi lif syifonltobi

b bur stbrogs nbuaf mgap sustloi us)

Ot woaa dg cuatopag lif vlrogf strglcs!

alrjg lif sclaa! tmlt nbuaf nrgltg l

rovgr b rgvgiug)

Bur pali os ibt pgrgnt! lif bur mbpg

os tmlt btmgr oivgstbrs lif oiibvltbrs

woaa mgap us smlrpgi ot ls wg cbvg

brwlrf) Zg rglaozg wg iggf pgbpag

lif brjliozltobis wotm nbcpagcgi#tlry sòaas tb wbr`! nbaaldbrltg lif

cgaf wotm us)

Oi twb yglrs! NOT lif Nlaobriol

Zltnm mlvg cbrpmgf lif nmlijgf)

Ls l jrbup! bur aglfgrsmop tglc mls

ljrggf tb bnus bi bur tmrgg poaalrs b

sustloildoaoty lufoging jrbwtm! igw

rgvgiug lif gijljgcgit)

Zg ìbw wg nli fb tmg oivgstojl#

tovg rgpbrtoij) Dut bur sustloildoaoty

lif suppbrt stl os strgtnmgf tmoi bribigxostgit) Vmg dua` b bur rgsburngs

mlvg dggi bnusgf bi nbitgit) O wg

bdtloi uifs jboij brwlrf! bur pro#

broty woaa dg bi pbsotobis tmlt nrgltg l

strbijgr oirlstrunturg br sustloildoa#

oty) Zg mlvg bppbrtuiotogs lrbuif tmg

nustbcozltobi lif lnngss tb fltl! gspg#

nolaay ston`y oitgrlntovg fltldlsgs tmlt

gijljg pgbpag) Zg iggf tb fb cbrg b

tmlt) Zg lasb woaa cl`g l jrgltgr nbc#

cotcgit tb usg liocltobi ls l tbba br

stbrytgaaoij) Vmgrg os naglray li lufo#ging br tmlt cgfouc) Li gxlcpag

wls tmg rgngit sunngss b NOTs Vmg

Xrong b Jls liocltgf vofgb)

Zg ìbw wg cust fb dgttgr wotm

drlifoij lif clr`gtoij) Ot os ocpbr#

tlit tmlt tmg pudaon uifgrstlif tmg

sbnola nurrginy b tmg wbr` b oivgs#

tojltovg rgpbrtgrs! wmgtmgr lt NOT br

tmg btmgr oivgstojltovg rgpbrtoij ibi#

prbts) Ot cl`gs sgisg br us tb wbr`

nabsgay wotm bur plrtigrs lt tmg Oivgs#tojltovg Igws Igtwbr` bi l iltobila

clr`gtoij lif drlifoij nlcploji

lrbuif tmg vlaug b kburilaosc lif

oivgstojltovg rgpbrtoij)

XBO^GF BI L NML^C

Bi l pgrsbila agvga! tmos mls dggi l

nmlaagijoij lif! lt tocgs! fonuat

kburigy) O lc brtuiltg tb mlvg mlf

tmg bppbrtuioty tb dg plrt b duoaf#

oij sbcgtmoij uioqug) Vmg tbrrgit

b cy pgrsbila ls wgaa ls prbgssobila

ups lif fbwi bvgr tmg nbursg b cy

nlrggr mls oibrcgf cunm b wmlt

wg mlvg fbig mgrg lt NOT lif wotm

Nlaobriol Zltnm)

Dut ls O mlvg clfg naglr! tmgrg lrg

tmoijs wg nli! lif woaa! fb dgttgr)

O iggf tb mgap bnus bur probrotogs!

stldoaozg bur gbrts! lif jgt nbisos#

tgit fltl bi bur cgtrons lif fostro#

dutobi) Zg mlvg lffgf gfotbrola wbr`

wotmbut lffoij suppbrt stl tmos yglr!

gxngpt oi tmg fojotla lrgl) Vmos os l fo#

agccl oi laa stlrtups) _bu nli sgg tmg

bppbrtuioty! dut ot os l agijtmy prbngss

tb nbivoing uifgrs b tmg iggf lif

tmgi sgnurg uifoij)

O iggf tb wbr` cbrg nabsgay wotm

tmg dblrf lif cliljg up! ls wgaa ls

fbwi lif sofgwlys) Zg iggf tb lff

igw pgbpag tb tmg dblrf! wotm sòaas

oi tgnmibabjy lif dusoigss lif igt#

wbr`s b nbitlnts wmb nli mgap us

gigrjgtonlaay sustloi tmg brjliozltobi)

Ls pudaosmgr! O mlvg bvgrsggi trgcgi#

fbus jrbwtm! dut oi l stljjgrgf! oi#

nbisostgit wly) Zg lrg bpgrltoij biaotgrlaay fbzgis b fogrgit uifoij

nynags! wmonm cl`gs br foskboitgf

paliioij) Ebr gxlcpag! wg lrg sgnur#

oij uifs br l fostrodutobi cliljgr!

gvgi ls uifs br rgpbrtgrs lrg dgnbc#

oij fgpagtgf) Zg lrg rgaltovgay nbi#

fgit wg nli `ggp tmg uifs nbcoij

oi tmos wly! dut tmoi` ldbut wmlt tmos

wly b bpgrltoij wbuaf cgli o ybu

wgrg ruiioij l igwsplpgr)

Ocljoig l sngilrob oi wmonm yburrgpbrtoij rgsburngs lif tmg nbsts b

pudaosmoij tmg igwsplpgr wgrg sgt

uitoa tmg gif b tmg yglr) Dut oi Bn#

tbdgr! tmg dblrf b tmg jrbup tmlt mls

uifgf tmg jlsbaoig br ybur fgaovgry

trun`s fgnofgs ot mls l igw probroty)

_bur uifs br nbitgit nrgltobi lrg

rgstrontgf! lif ybu nlit if libtmgr
http://centerforinvestigativereporting.org/articles/the-price-of-gas-4865http://centerforinvestigativereporting.org/articles/the-price-of-gas-4865http://centerforinvestigativereporting.org/articles/the-price-of-gas-4865http://centerforinvestigativereporting.org/articles/the-price-of-gas-4865


23/24

NGIVGT EBT OIUG^VOJLVOUG TGXBTVOIJ;TGOIUGIVOIJ KBWTILAO^C;48 sgnbifs) Lcbij cy saofgs

wgrg l juoaabtoig! sycdbaozoij jgttoij

rgf! lif lt tmg gif! l ponturg b luturoston trloi eyoij oitb splng wotm

tmg glrtm smoioij ao`g l jgc dgabw)

Ot sycdbaozgf li uiìbwi uturg)

O gifgf tmlt tla`! pboitoij lt li lufo#

ging b vgry sclrt ôaonbi Ulaagy stlrs!

lif tbaf tmgc tmgrg os l sbautobi tb

tmos nmlaagijg b sustloioij kburila#

osc) Dut ots jboij tb tl`g pgbpag ao`g

cg wbròij tbjgtmgr wotm pgbpag

ao`g tmgc) Ot wls l nmlaagijg! dut lasb

l nlaa br mgap)

Ebr laa b us! l rgaltovgay sclaa jrbup

b oiibvltovg! gitrgprgigurola kbur#

ilaosts! tmg cossobi os tb brjg l cbfga

tmlt gisurgs tmlt kburilaosc lif oi#

vgstojltovg rgpbrtoij survovg! uaaaoij

tmgor rbag oi oibrcoij tmg pgbpag lif

prbtgntoij fgcbnrlny) Ebr cg! tmg

cbst rgwlrfoij lif gxnotoij kburigys

mlvg oivbavgf ros` lif tmg uiìbwi)

^b lr oi tmos kbd! O mlvgit dggi smbt

lt br tmrbwi oi l fuijgbi br gvgirgf) Dut ots stoaa dggi tmg cbst nmla#

agijoij lif rgwlrfoij gxpgroging b

cy nlrggr) Lif tmg kburigy nbitoiugs)

Gvgi wmgi wglroij cy

pudaosmgrs rbdgs! uifgr#

igltm O lc stoaa l kburilaost)

Cy bwi wbr` os ib abijgr

bnusgf bi tgaaoij btmgrpgbpags stbrogs! dut bi

tgaaoij tmg stbry b tmg

brjliozltobi)


24/24

)/ Fbit ebrjgt ybur costl`gs) Vmgy woaa dglcbij ybur lif tmg brjliozltobis dgsttglnmgrs)

6)/ Duoaf ybur tglc) Mgap tmgc sunnggf! lifcl`g surg ybu oinaufg pgbpag wmb lrg s`oaagflt lif plssobiltg ldbut tmoijs ybu fbit

fb wgaa br gvgi uifgrstlif) Vmgrg lrggifagss igw bppbrtuiotogs ebr kburilaoscbrjliozltobis0 ybur tglc smbuaf mlvgtmg s`oaas! gxpgroging lif fovgrsoty tb rgspbif)

7)/ Vrust ybur tglc) Oi tmos ljg be tgnmibabjonlaoiibvltobi! igw ebrcs be stbrytgaaoij lif

pbtgitola ebr alrjg lufogings! ybu iggf lnrgltovg! plssobiltg tglc tmlt ybu juofgdut fb ibt nbitrba) Fb ibt tmoi` ebr btmgrs0agt tmgc tmoi` ebr ybu)

5)/ Nbaaldbrltobi os nrunola! oitgrilaay lifgxtgrilaay) Glsogr slof tmli fbig)

:)/ Wifgrstlif! cliljg lif nbitrba ybur gjb)Btmgrs jgt nrgfot! ibt ybu)

=)/ ^ton` tb ybur proinopags! gtmons! oistointslif gxpgroging! dut dg woaaoij tb nmlijgybur coif! tbb! lif rglaozg ybu mlvgkust aglrigf sbcgtmoij)

?)/ ^tly Nlac) ^bcgtocgs tmg dgst rgspbisg tbl nrosos os tb stly nlac! gvgi tb fb ibtmoij)

Vocg lif gvgits nli sbavg wmlt egat sbbvgrwmgacoij oi tmg mglt be tmg cbcgit)

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