lccm research digest (february-april 2009 ed.)

Upload: misadministrator

Post on 07-Apr-2018

219 views

Category:

Documents


0 download

TRANSCRIPT

  • 8/4/2019 LCCM Research Digest (February-April 2009 ed.)

    1/12

    NBBA Pdrdcpbl Mjodr} 3

    Vlzrjbcn d|dpbjrd pdgdpr }i cez `imjnz cb}jwj}z

    }lc} delcebdr ip acje}cjer vlzrjbcn gj}edrr cemiwdpcnn ldcn}l% J} jr vdpgipadm gip mjggdpde} pdcrier8pceojeo gpia r}pdeo}ldejeo atrbndr cem }ldbcpmjiwcrbtncp rzr}da cr dnn cr liejeo c}lnd}jbrkjnnr. }i djol} nirr ip acje}decebd% Gpdstde} cempdotncp vlzrjbcn d|dpbjrd `iir}r }ld jaatedrzr}da. cem ldnvr }i vpdwde} mjrdcrdr ig cggntdebdrtbl cr ldcp} mjrdcrd. bcpmjiwcrbtncp mjrdcrd. ]zvd0 mjc`d}dr cem i`drj}z ,R}cavgdp d} cn. 0666*%

    Vdivnd d|dpbjrd gip mjggdpde} pdcrier% Cr }ldz}pz }i cbljdwd }ldjp oicn. }ldz debite}dp mjggdpde}ajrbiebdv}jier cem ajr}ckdr c`it} }ldjp cz ig

    d|dpbjrjeo%]ljr vcvdp c}}dav}r }i bndcp tv c eta`dp ig

    }ldrd ajrbiebdv}jier. az}lr cem ajr}ckdr c`it}d|dpbjrd. cr dnn cr }jvr gip c rtbbdrrgtn d|dpbjrd%Mjr}jeb}jier `d}dde d|dpbjrd cem vlzrjbcn cb}jwj}z.cr dnn cr d|dpbjrd cem cdpi`jbr cpd cnri vpdrde}dmje }ljr vcvdp%

    D|dpbjrd jr oiim gip ldcn}l cem njgd% ]ljr rlitnm`d mied jrdnz ri }lc} ce jemjwjmtcn bce bie}jetdd|dpbjrjeo gip c nieo vdpjim ig }jad% Ajrbiebdv}jier.jecbbtpcbjdr cem az}lr c`it} d|dpbjrd acz bctrdacez vdivnd }i cwijm d|dpbjrd% ]ld i`hdb}jwd ig

    }ljr vcvdp jr }i bncpjgz jrrtdr c`it} d|dpbjrd je ipmdp}i mjrvdn cez biegtrjie cem javpiwd d|dpbjrdpit}jed%

    D|dpbjrd cem Vlzrjbcn Cb}jwj}z

    ]ld }dpar d|dpbjrd cem vlzrjbcn cb}jwj}z cpdig}de trdm je}dpblceodc`nz. lidwdp javip}ce}mjr}jeb}jie lcr }i `d acmd% Vlzrjbcn cb}jwj}z pdgdpr }icez aiwdade} }lc} jewinwdr atrbnd bie}pcb}jiercem jebpdcrd je ad}c`injra% J} jebntmdr cb}jwj}jdr }lc}cpd vcp} ig mcjnz njgd%

    Litrdlinm. ipkvncbd cem njgdr}znd vlzrjbcncb}jwj}z cpd }lpdd ig }ld air} biaaie }zvdr igvlzrjbcn cb}jwj}z% D|cavndr ig litrdlinm vlzrjbcncb}jwj}z cpd rddvjeo cem bndcejeo% _ipkvncbdvlzrjbcn cb}jwj}jdr jebntmd njg}jeo `i|dr ip cnkjeo gipnieodp }lce 36 ajet}dr% Njgdr}znd vlzrjbcn cb}jwj}jdrjebntmd bcppzjeo c `crkd} je c opibdpz r}ipd pc}ldp}lce lddnjeo c bcp}% Ie }ld i}ldp lcem. d|dpbjrd jrc gipa ig vlzrjbcn cb}jwj}z }lc} jr vnceedm. r}ptb}tpdmcem mied }i javpiwd c} ndcr} ied crvdb} ig vlzrjbcngj}edrr. }lc} jr. r}pdeo}l. gnd|j`jnj}z ip demtpcebd%D|cavndr ig biaaie d|dpbjrd mjpdb}jier jebntmd`imz pdrjr}cebd }pcjejeo }lpdd mczr c ddk ,}i rd}rig djol} }i 30 pdvd}j}jier*. mijeo lind `imz

    r}pd}bljeo d|dpbjrdr mcjnz cem mijeo 26 ajet}dr ie c}pdcmajnn c} 74 vdp bde} ig }ld ac|jata ldcp} pc}d%

    D|dpbjrd cem Cdpi`jbr

    Cdpi`jb adcer "j}l i|zode". cem pdgdpr }i}ld trd ig i|zode je }ld `imz/r ad}c`injb ip dedpoz!odedpc}jeo vpibdrr% Acez }zvdr ig d|dpbjrd cpdcdpi`jb. cem `z mdgjej}jie. cpd vdpgipadm c}aimdpc}d ndwdnr ig je}derj}z gip d|}demdm vdpjimr ig}jad% Cdpi`jb d|dpbjrd pdgdpr }i d|dpbjrd }lc}jewinwdr ip javpiwdr i|zode biertav}jie ig }ld`imz% Cdpi`jbr. vt`njrldm je 3:7< je c `iik

    ct}lipdm `z Biivdp. jebntmdr rbjde}jgjb d|dpbjrdvpiopcar trjeo pteejeo. cnkjeo. rjaajeo cem`jbzbnjeo% ]ld `iik bcad c} c gip}tj}itr ljr}ipjbcnaiade}. lde jebpdcrjeo dckedrr cem jecb}jwj}z je}ld odedpcn vivtnc}jie cr bctrjeo c vdpbdjwdmeddm gip jebpdcrdm d|dpbjrd% J} `dbcad c `dr}rdnndp%Biivdp/r mc}c vpiwjmdm }ld rbjde}jgjb `crdnjed gipcnair} cnn aimdpe cdpi`jbr vpiopcar. air} ig ljblcpd `crdm ie i|zode!biertav}jie dstjwcndebz%Cdpi`jb cb}jwj}jdr jebntmd8 cnkjeo. `jkjeo. hioojeo.rjaajeo. cdpi`jb bncrrdr cem bpirr!bite}pz rkjjeo%

    Gd`ptcpz Cvpjn 066:

    JRRE 3747!

  • 8/4/2019 LCCM Research Digest (February-April 2009 ed.)

    2/12

    NBBA Pdrdcpbl Mjodr}

    Biaaie Az}lr cemAjrbiebdv}jier je D|dpbjr

    Ajrbiebdv}jier cem az}lr c`it} d|

    bctrd c ni} ig vdivnd }i cwijm d|dpginnijeo cpd riad }jvr }i bndcp tv cezcem javpiwd ipk it} pit}jed% Vdivnd r}ldrd ajrbiebdv}jier vpdwde} }lda gp}ld d|dpbjrd }ldz ce} cem eddm% ]l

    rtaacpjxdr riad ig }ld biaaienz lcem ajrbiebdv}jier c`it} d|dpbjrd%

    Az}l38]ld aipd zit d|dpbjrd. }ldvpi}dje zit eddm gip dedpoz

    Pdcnj}z8 Vpi}dje jr }ld ndcr} dggjbjdritpbd biavcpdm }i gc}r cem bcp`Bcp`ilzmpc}dr cpd }ld `dr} ritpbdginnidm `z gc}r% ]ld `imz trdr}jrrtd acje}decebd cem pdvcjp gteb}jie

    Az}l 08 ]ld ienz cz }i nird djol}

    d|dpbjrd

    Pdcnj}z8 D|dpbjrd rlitnm `d bia`jedmbcnipjd mjd} cr cmwjrdm `z c et}pj}cvvpivpjc}d mjd} jnn dertpd }lc}pdbdjwdr }ld caite} ig bcnipjdr j}bie}jetd gteb}jiejeo eipacnnz% D|}lde `tpe aipd gc}r%

    Az}l 28]ld `dr} }jad }i ipk it} jr}ld aipejeo

    Pdcnj}z8 ]ldpd jr ei `dr} }jad }i d|dp

    ac}}dp ig lc} }ld jemjwjmtcn vpdgdpr%}pz mjggdpde} }jadr ig mcz cem rdd liRiad vdivnd vpdgdp d|dpbjrd je }ld ajr }ldjp ai}jwc}jie }i kddv }lda dedlind mcz% Gip i}ldpr j}l mjggdpde}}ldz cpd ei} c`nd }i gj} j} je d|bdv} cg}dp

    Bzbnjeo it}miipr jr c gipa ig d|dpbjrd

    rvdemjeo ndjrtpd }jad cr wdnn%

    dpbjrd bcebjrd% ]ldbiegtrjieitnme} nd}a od}}jeoginnijeo

    dnm az}lr

    ipd

    } dedpozilzmpc}dr%ig dedpozpi}dje gipr%

    jr }i

    j}l c ni!jiejr}% Ce}ld `imzeddmr }ipbjrd jnn

    cpnz je

    jrd. j}r c

    Ied bce j} oidr%pejeo cr j}pojxdm }ldbldmtndr.ipk%

    Az}l =8 _j}l }ld pjol} d|dpjm ig }pit`nd rvi}r

    Pdcnj}z8 D|dpbjrd bce r}pdeatrbndr% Nirjeo djol} bce_ldpd cem li gcr} c vdmdvdemr ie odedr ,ldpnirjeo djol} cpitem }ldnirjeo j} c} }ld ljvr. ljnd}ld i}ldp cz cpitem%

    Az}l 48 D|dpbjrjeo j}iade `tnkz

    Pdcnj}z8 _iade mie/}}dr}ir}dpied }i `tjnm atrbndmi% _djol} }pcjejeo gip icem }ied atrbndr. `tpead}c`injra. `t} ei} `tjnm ac

    Az}l 78 "Jg ied r}ivr d|dpbj

    `dbiad gc}"Pdcnj}z8 Atrbnd cem gc} cpd

    }jrrtd% ]ldz bce edwdp }pce}ld i}ldp% Atrbndr tetrdmacz temdpoi c}pivlz% Gcbie}jetd }i mdwdniv mdvdemdc}jeo lc`j}r% Cr }ld `imzj}l ndrr vlzrjbcn cb}jwjte`cncebdm mjd}. }ld jemjwjmtaipd }lce lc} cr nir} je d

    ljnd

    Oijeo }i }ld oza cem c}}demj

    oiim wczr ig d|dpbjrjeo wj}l

    0

    bjrd. zit bce od}

    }lde cem }ied }ldd} pjm ig d|bdrr gc}%

    prie nirdr }ld gc}.mj}cpz*% Gip riad.cjr} jr dcrjdp }lce}ldpr d|vdpjdebd j}

    djol}r ackdr

    vpimtbd deitolacrr }ld cz adede bce r}pdeo}ldegc} cem jebpdcrd

    rr%

    jeo. atrbndr

    mjggdpde} }zvdr iggipa gpia ied je}idbiad racnndp cem}r adceljnd bcejeo ie }ld vdpriertper gddp bcnipjdr}z. cem j}l cecn bitnm ocje djol}|dpbjrd%

    o cdpi`jbr bncrrdr cpd

    opitv ip wj}l gpjdemr%

  • 8/4/2019 LCCM Research Digest (February-April 2009 ed.)

    3/12

    NBBA Pdrdcpbl Mjodr}

    Az}l ?8 "]ld nieodr} cem lcd|dpbjrdr.

    }ld `d}}dp"Pdcnj}z8 Wjoipitr d|dpbjrd lde vdpg

    nieo vdpjim ig }jad `z c vdpr}pcjejeo cmdstc}dnz `dgipd d|dpbjrj}i d|lctr}jie. atrbnd }jrrtd `tvpi`ndar. rnidp ad}c`injra ndwdnpdrjr}cebd% D|dpbjrjeo lcpm bce lc

    edoc}jwd dggdb}r cr ei} d|dpbjrjeo c

    Az}l

  • 8/4/2019 LCCM Research Digest (February-April 2009 ed.)

    4/12

    NBBA Pdrdcpbl Mjodr}

    Az}l 3=8Zit rlitnm edwdp mpjekc}dp lde zit/pd iwdp!ldc}dm

    Pdcnj}z8 Mpjekjeo c}dp rlitnm `d b`dgipd. mtpjeo cem cg}dp d|dpbjrd%pdvncbd gntjmr nir}% Ie c li} mcz. c vnird cr atbl cr c stcp} ig c}dp ced|dpbjrjeo% _lde ipkjeo it}.odedpc}d ldc} }lc} bctrdr `imz }davpjrd% Ldc} gpia }ld atrbndr jr bcppjd

    c}dp je }ld `niimr}pdca cem `pitrtpgcbd cr vdprvjpc}jie% Cr }ljrtendrr c}dp jr pdvncbdm. c vdprie bcmceodpitrnz mdlzmpc}dm% ]ld rderc}jjr ei} ce jemjbc}ip }lc} }ld `imz edMpjek `dgipd od}}jeo }ljpr}z% Dertpd }ndcr} < }i 36 oncrrdr ig c}dp vdp mcz%

    Az}l 348 Ei vcje. ei ocje

    Pdcnj}z8 D|dpbjrjeo rlitnm edwdp `Ripdedrr jr ei} tetrtcn lde rd|dpbjrd vpiopca. `t} }ld `imz rlcem cez vcje gdn} rlitnm `d ndrr ig catrbndr cmcv}% ]ldpd rlitnm `d cr}pd}bljeo `dgipd cem cg}dp d|dpbjrd%cem vcje cpd }i mjggdpde} }ljeor% Vcj}lc} }ldpd jr riad}ljeo pieo je }lcb}jwj}z% Jg vcje jr d|vdpjdebdm. gjembctrjeo }ld vcje cem ojwd }ld `imz cpdbiwdpz%

    Ajr}ckdr je D|dpbjrd

    Javpivdp }dblejstd

    Jebippdb} gipa ig d|dpbjrd bce ndcm

    D|cavndr jebntmd8 nd}}jeo }ld kedd d|}d}ld }idr mtpjeo c nteod ip rstc}; trjeo}i njg} ldcwz djol}r; ei} d|dpbjrjeo }lppceod ig ai}jie jnn vpimtbd ndrr!}lpdrtn}r% ]i ndcpe vpivdp gipa. j}/r ldnvgtn }c gd rdrrjier j}l c bdp}jgjdm }pcjedp%

    J} jr biaaie }i rdd ziteo vdivnd c}}njg} aipd djol} }lce }ldz bce lcemnd htr}}ld atrbnd% Air} ig}de }lce ei} }ldrlckjeo cem stckjeo ljbl adcer }lc}jr vpi`c`nz }ii ldcwz% Oiim }dblejstdhi` aipd dggjbjde}nz cem ndrr blcebd ig jeh

    djol} njg}jeo bippdb}nz adcer }lc} vpdrrgdn} }lpitol }ld }cpod} atrbnd `t} emjrbiagip} je }ld crribjc}dm hije}%

    Gcjntpd }i rd} oicn

    Rd}}jeo c oicn jr htr} njkd lcwjeo c pijnn rdpwd cr otjmd je keijeo }ld pjol} mjpmd}dpajejeo cem c oicn je bndcp rj}d jr cje gj}edrr cem djol} nirr rtbbdrr%

    e}jetitr8ljr jr }i

    dprie bceitp ljndatrbndr

    dpc}tpd }iccz `z

    l} }i }ldie}jetdr.e `dbiade ig }ljpr}mr c}dp%i mpjek c}

    vcjegtn%}cp}jeo cetnm cmhtr}pi`nda cra tv cemRipdedrr

    e jr c rjoed vlzrjbcnt} lc} jrblcebd gip

    }i jehtpz%

    m `dziemiade}tatol c gtnnce!iv}jacni jewdr} je

    dav}jeo }i}i `ncr} ie

    dem tv}ld djol}

    jnn mi }ldtpz% Mijeo

    pd bce `dvcje ip

    macv }lc}db}jie cempj}jbcn r}dv

    Tepdbie}pj`t}dkdz jr }i}lc} jr rvzitp gj}edmdgjedjavirrj`nd

    Te`cnce

    vpiopcarAir} vdivbdp}cje a

    ip `jbdvr*. `t} j}/r javip}cecem bipd }i cbljdwd `cncebd

    Jebierjr}de} vpiopdrrjie%

    D|dpbjrjeo }ii lcpm cje}derj}z }ii stjbknz jr c biacem opcmtcn vpiopdrrjie cpjehtpz cr dnn cr gip ackjeo ja

    Ncbk ig bpirr }pcjejeo%

    Acez vdivnd r}jbk j}lblceod j}% ]ld rcad ipkit}j}r dggdb}jwdedrr cem acz nd`tpeit}%

    Rkjvvjeo }ld cpa tv

    ]ckjeo c`it} 4!36 ajet}djebpdcrd zitp `imz }davdp`dde rlie }i mdbpdcrd zcpa!tv zitp `imz pd!pit}dr}i dggjbjde}nz mdnjwdp i|zodezitp ldcp}!pc}d opcmtcnnz dnd

    jebpdcrdm eddm gip i|zode. cvpdvcpd }i ldnv zit lj} zitprninz gip }ld gjpr} gd ajetatbl aipd dggdb}jwd%

    Viip D|dpbjrd Rdndb}jie

    ]ld d|dpbjrdr zit bliiipkit} rlitnm cnczr `d bie

    Livjeo gip jaadmjc}d pdrt

    D|vdp}r vije}dm it} }lc}8aie}l/r }jad }i ojwd pdrtn}r%kddv ie lc} zit cpd mijeopdrtn}r zd}% Jg zit ce} }i czit atr} lcwd cvvpivpjc}ddeitol vc}jdebd%

    ]ii atbl dc}jeo cg}dp d|d

    D|dpbjrd ackdr zit gddnd|btrd gip zit }i dc} dwdpz}ljmidr eddm aipd bcnipjdr. `t}zit eddm% Gibtr ie ldcn}lgiim cr pdcpm gip d|dpbjrjed|bdrr bcnipjd je}ckd%

    =

    njr}jb ip wcotd oicnr b}i d|dpbjrd mpivit}% ]dr}c`njrl c }pcjejeo oibjgjb cem cvvpivpjc}d gr cem rkjnn ndwdnr% ]pz blcnndeojeo `t} eoicnr%

    dm r}pdeo}l }pcjejeo

    %nd gibtr ienz ierbndr ,njkd }ld c`miaje}i ipk zitp lind `icem ldcn}l%

    m }ii ig}de. ip jebpdcrjie ajr}ckd% Bierjr}de

    d javip}ce} gip cwijmjvpiwdade}r%

    pit}jed cem }lde edwddk cg}dp ddk jnn nicm }i `ipdmia. jehtpz

    r ig cpa tv }i opcmtc}tpd cem ldcp} pc}d ltp pjrk ig jehtpz% Mtpj`niim }i zitp d|}pdaj}j}i }ld ipkjeo atrbndc}dr ri j} bce add} zi

    m zitp atrbndr opcmtcvdck r}pjmd% Ri. r}cp} i}dr. zitp ipkit} jnn

    rd }i vdpgipa ljnd zrjr}de} j}l zitp oicnr%

    n}r gpia d|dpbjrd

    d|dpbjrd eddmr c} ndcr}Ri. j} jr wdpz javip}ce} dwde lde zit mie/} rljdwd zitp gj}edrr oicgj}edrr vncer cem cn

    bjrjeo

    lteopz. `t} }ljr jr ei} eo cg}dp ipkit}% D|dpbjmie/} }ckd aipd }lce l

    giim je}ckd% Mie/} }pdo; j} ienz jnn ndcm }i

  • 8/4/2019 LCCM Research Digest (February-April 2009 ed.)

    5/12

    NBBA Pdrdcpbl Mjodr} 4

    Ei} dc}jeo `dgipd ipkit}% Ied litp `dgipdcez ipkit}.

  • 8/4/2019 LCCM Research Digest (February-April 2009 ed.)

    6/12

    NBBA Pdrdcpbl Mjodr}

    C Mjoj}

    J}lc}ed

    ei}`d}}jr`d}}dwd

    ]dbleinioz. rvdbjgjbcnnz biavirrj`nd gip vdivnd }i dcrjnz cecbstjpd jegipac}jie j}l wdpz ajejabir}% Je }ld jegipac}jie cod. mjoj}`dbcad ei}jbdc`nd% Je drrbiewdpodebd rjoejgjdr }ld bia`je

    }d|}r. wjmdi. vjb}tpdr. `picmbcr}rr}pdcajeo admjc. oni`cncemvdpriecnjxdm rdpwjbdr je}ibiewdpodm cem biavt}dp!admjc}`dbcad jmd!rvpdcm cem tevpdbdcbbiavcejdm `z }ld c`jnj}z }i cbcem acejvtnc}d bie}de} cem jegdggip}ndrr aceedp%

    ]ld vcr} zdcpr `pitol} cmwcebrig}cpd. ljbl jebntmdr }jad!rvpiopcar. dmtbc}jiecn rig}cpd }lc}rkjnnr cem rivljr}jbc}dm rt`hdb}r. op

    }lc} lcwd pdwint}jiejxdm }ld mdrjoe jcvvnjbc}jier }lc} ldnv bieedb} vdbiavt}dp trdpr. cem ce jebpdcrjeonz bbiavt}dp ocadr }i de}dp}cje% Cr }ldopir. dwdpzied r}cemr }i `dedgj}% Htcpd biewdp}dm }i mjoj}cn dndb}piejb gdcrjdp. gcr}dp. cem bldcvdp }i pdvpijegipac}jie je ce cecnio gipa ,d%o%. lbivjdr cpd cnri vdpgdb}. ri dcbl b`dbiad }ld rddm gip cmmj}jiecn vdpgtenjkd }ld rj}tc}jie j}l }pcmj}jiecnvli}ibivjdr% ]ld bid|jr}debd igjegipac}jie cem }ld biajeo ig e

    }dbleinioz acmd virrj`nd }ld pdmtbdvcbd je jegipac}jie vpimtb}jie% @rj}tc}jie. j} `dbiadr dcrz }i cbstjpdrig}cpd. }ii%

    Cem }ld vpi`nda jr }ljr. rdepjblade} }tpedm cr c adcerjnndocn jegipac}jie bivzjeo. mjr}pj`tcem trd. ljbl biadr je mjggdgipar8 mjoj}cn pdvpimtb}jiecmcv}c}jie. }davipcpz r}ip

    cn Gdniez8 Rig}cpd VjpcbzCadnj}c Rce}ir

    J} jr `dnjdwdm}ld jegnt| ig}dbleinioz jr

    htr} c`it} cdp njgdr}znd. j}`it} lcwjeo cdp njgd gippzied%

    t}dpr. acmd j}m jaadmjc}dnzcn jg ei} j}lit}n biewdpodebd

    debd. Mjoj}cnc}jie ig wijbd.

    . vpdrde}c}jie.bieedb}jwj}z

    c rjavnjgjdm.dm rzr}da% J}mde}dm cr j} jrbdrr. mjr}pj`t}dpac}jie je ce

    dr je biavt}dpwjeo `trjedrr}dcbldr `crjb

    vljbr vpiopcar

    emtr}pz. Je}dped}vnd j}l i}ldpavnd| wcpjd}z igig}cpd jemtr}pz

    r} cr jegipac}jieipa. j} `dbcadmtbd }lda }lcepm bivz*% Mjoj}cnvz bce je }tpeb} bivjdr. stj}dadmjc rtbl crelcebdade} ig

    d ocmod}r ig

    bir} cem gcr}dpdbctrd ig }ljrd vpiopcar ip

    tblgip

    }jiede}ip

    od.

    ]ld cwcjnc`jnj}z ig mjoj}j

    bz`dprvcbd jr 0=)?. }lc}

    dwdpzied cezldpd% Ri. l

    }ldjp ie ipk9 ]ljr jr ei

    }i vpi}db} }ld iedpr ig }l

    gpia biavt}dp rig}cpd }ljd

    Vpi`nda8 Rig}cpd Vjp

    Eicmczr. }ld vpi`nda

    lcr `dbiad aipd cem aipd@iikr lcwd `dde biewdp}d`iikr. }cvdr cpd biewdp}dm }gipac}. cr dnn cr WBMr c

    vpimtb}r lcwd cnair} `dde vjp_lde c ed vpimtb} b

    vpi`c`nz. j}r vjpc}dm bite}dpcvvdcpcebd je }ld acpkd}. }iibir} atbl ndrr }lce }ld odevpd}}z oiim rdnnjeo je rvj}dstcnj}z% ]ld odetjed vpimtb}viipnz% ]ljr lcvvder drvdbjvpimtb}r. lird vpjbdr cpd ig}

    _lde riadied `tzr cbiadr j}l c njbderd copddad}ld }dpar cem biemj}jier temd`d ndocnnz trdm% Dcbl njbderdvpiopca cem acz ct}lipjxd crjemjwjmtcn }i trd }ld rig}cpdltempdm ed}ipk trdpr }i rlc}ld rzr}da% J} jr javip}ce} gitemdpr}cem }ld njbderd cbbi}i dertpd }lc} }ldz lcwd derig}cpd gip zitp ipocejxcmmj}jiecn bivjdr. ip nicmjeo}lce ied acbljed. acz wjincbierjmdpdm vjpcbz%

    Cbbipmjeo }i Ajbpirig}. rig

    bivzjeo ig rig}cpd. }ld ajpdvpimtb}jie cem jnndocn mjld}ldp gip `trjedrr ip vdpri

    Njkdjrd. Cmi`cr }ld jnndocn mjr}pj`ig c rig}cpd cvmdnj`dpc}dnz mied ip

    tejrlc`nd nc%

    7

    dm jegipac}jie je }ld

    bce `d cbbdrrdm `z

    bce vdivnd vpi}db}

    }ld rdpjitr blcnndeod.

    drd mjoj}jxdm vpimtb}r

    wdr%

    bz

    g vjpcbzrdpjitr%

    }i d!i mjoj}cnm i}ldp

    }dm%

    adr je}i acpkd}. wdpzcp} jnn riie ackd j}r

    % Vjpc}dm vpimtb}r ig}dejed iedr. }ldz dehiz cig }ldjp pdnc}jwdnz viipr. ie }ld bie}pcpz. rdnncnnz }i r}ied ljol!}dble d|vderjwd%

    vpiopca ip rig}cpd. j}e} }lc} rvdbjgjbcnnz r}c}drp ljbl }ld rig}cpd acz

    wcpjdr gpia vpiopca }igd cr ied biavt}dp ipip cr acez cr rdwdpcn

    pd }ld cvvnjbc}jie cbpirrp }ld trdpr }i pdcm cemvcezjeo }ld cvvnjbc}jietol ndocn bivjdr ig }ld}jie/r eddmr% Ackjeo

    }ld rig}cpd ie}i aipd}d bivzpjol} nc cem `d

    }cpd vjpcbz jr }ld jnndocn

    rnjbderjeo. tect}lipjxdmr}pj`t}jie ig rig}cpd.cn trd%

    mdgjedm rig}cpd vjpcbz}jie cem)ip pdvpimtb}jienjbc}jie% _ld}ldp j} jrei}. j} jr r}jnn jnndocn cem

  • 8/4/2019 LCCM Research Digest (February-April 2009 ed.)

    7/12

    NBBA Pdrdcpbl Mjodr} ?

    Cmi`dr ce}j!vjpcbz jej}jc}jwd dr}c`njrldm }lc}}ld rig}cpd cvvnjbc}jier cem gie}r btr}iadpr `tzmi ei} `dnieo }i }lda% Jer}dcm. lde }ldzvtpblcrd }ld cvvnjbc}jie rig}cpd. }ldz `dbiad cnjbderdm trdp. cem }ldz lcwd }ld pjol} }i trd }ldrig}cpd ie c rjeond biavt}dp. `t} }ldz bce ei} vt}bivjdr ie i}ldp acbljedr ip vcrr }lc} rig}cpdcnieo }i binndcotdr% ]ljr adcer. bivzjeo cemmjr}pj`t}jie ig njbderdm rig}cpd jr vpilj`j}dm cr

    javnjdm `z }ld copddade} cbbiavcezjeo }ldrig}cpd njbderd%

    Jrrtdr

    Cr ade}jiedm. rig}cpd vjpcbz jrjnndocn% Cr }ld eta`dp ied biavt}dpbpjad je }ld dndb}piejb jemtr}pz. `i}lje }dpar ig aiedz ,minncp cem vdri*cem eta`dp ig vdivnd jewinwdm.vjpc}dm rig}cpd ltp}r dwdpzied%]lc} jr. j} rlitnm `d ei}dm }lc} dcblvjpc}dm vjdbd ig rig}cpd }ckdr cczriad biavcez vpigj}r. cem pdmtbdrgtemr gip gtp}ldp rig}cpdmdwdnivade} jej}jc}jwdr%

    Gtp}ldpaipd. }ld jnndocnmtvnjbc}jie cem mjr}pj`t}jie igrig}cpd lcr c rjoejgjbce} javcb} ie}ld dbieiaz% ]ljr jebntmdr rig}cpdmdwdnivdpr. pd}cjn r}ipd iedpr. cemtn}jac}dnz cnn rig}cpd trdpr% Dcblvjpc}dm vjdbd ig rig}cpd }ckdr cczgpia biavcez vpigj}r. pdmtbjeogtemr gip gtp}ldp rig}cpdmdwdnivade} jej}jc}jwdr cem }ld

    je}dnndb}tcn vpivdp}z ig }ldmdwdnivdp%

    Jpiejbcnnz. acez li vjpc}d rig}cpd cpd gtnnzccpd ig }ld ndocnj}jdr. }litol }ldz cpd c`nd }ipc}jiecnjxd bie}jetjeo }ld vpcb}jbd% Riad lcwdmjggjbtn}z temdpr}cemjeo }ld mjr}jeb}jie `d}ddegpddcpd. rlcpdcpd cem biaadpbjcn rig}cpd%I}ldpr `dnjdwd vdivnd njkd }ld r}tmde}r bitnm ei}}ckd cmwce}cod ig }ld acez }dbleinioz!`crdmdmtbc}jiecn ivvip}tej}jdr j}lit} cbbdrr }itecggipmc`nd rig}cpd%

    Rjebd rig}cpd `tmod}jeo jr ig}de jecmdstc}d.cem ibbcrjiecn tvopcmd ig lcpmcpd ackdr inmdpwdprjier ig rig}cpd i`rind}d cg}dp rdwdpcn zdcpr.riad }ljek }ld ienz "rint}jie" }i }ld vpi`nda jr }ivjpc}d eddp wdprjier ig vcr} vtpblcrdm rig}cpd%Dwde}tcnnz. riad vdivnd mie/} `dnjdwd }lc} rig}cpdvjpcbz jr }ptnz r}dcnjeo `dbctrd }ldpd jr ei nirr ig c}ceoj`nd vpimtb} jewinwdm je }ld cb} ig vjpcbz%

    Je }ld TR. `i}l j}r oiwdpeade} cem rig}cpdbiavcejdr cpd cb}jwdnz jewinwdm je dggip}r }i dnjajec}dvjpcbz% ]ld }i achip opitvr ig rig}cpdacetgcb}tpdpr jewinwdm je }ljr dggip} cpd }ld Rig}cpdVt`njrldpr Crribjc}jie ,l}}v8))%rvc%ipo* cem }ld@trjedrr Rig}cpd Cnnjcebd ,l}}v8))%`rc%ipo)*%]ldrd ipocejxc}jier pdotncpnz `pjeo rtj} cocjer}biavcejdr jewinwdm je vjpcbz. vpiwjmd c li}njed gippdvip}jeo rig}cpd vjpcbz cem vpiwjmd d` vcodr gip

    ienjed pdvip}jeo ig rig}cpd vjpcbz%

    ]ld TR oiwdpeade}/r G@J lcr cBiavt}dp Bpjad Rstcm.,l}}v8))%g`j%oiw)bz`dpjewdr})bz`dpliad%l}a* ljbl lcwd pcjmdm etadpitrliadr cem iggjbdr. biegjrbc}dmbiavt}dpr cem rlt}mie etadpitrec}jiejmd rig}cpd vjpcbz pjeor iwdp }ldncr} rdwdpcn zdcpr%

    Ldpd cpd riad javip}ce} mc}c pdnc}dm

    }i rig}cpd vjpcbz8

    Rig}cpd jemtr}pz pdwdetdr cpd -366 `jnnjieminncpr c zdcp%

    -36!34 `jnnjie minncpr je rig}cpd jr vjpc}dmdcbl zdcp%

    C ni} ig rig}cpd jr vjpc}dm

    =6$ ig cnn rig}cpd je T%R% jr vjpc}dm

    ?4$ ig cnn rig}cpd je Hcvce cem Odpacez jrvjpc}dm

  • 8/4/2019 LCCM Research Digest (February-April 2009 ed.)

    8/12

    NBBA Pdrdcpbl Mjodr}

    ]c`nd 3% Vjpcbz Pc}dr je }

    Biavcejdr jewdr} atbl }jad cem aiedrig}cpd% Jg dwdpzied vjpc}dr }ld dem vpimtbceei} pdbitv }ldjp jewdr}ade}% Ri vjpcbzcaite} cem bpdc}jwj}z ig ed rig}cpd%

    Biavcejdr vcz vdivnd }i pj}d vpiopcvjpcbz adcer }lc} }ldz bce vcz gddpdr}jac}dm }lc} vjpcbz bir}r =6.666 hi`r ,jzdcp%

    Vjpcbz kddvr }ld vpjbd ig rig}cpd ljondocnnz vcz gip rig}cpd btppde}nz lcwd }acez jnndocn bivjdr cr dnn ri }lc} biavcej`trjedrr%

    Cbbipmjeo }i c pdvip} gpia }lRig}cpd Cnnjcebd ,@RC*. Crjc!Vcbjgjb/rrig}cpd vjpcbz pc}d je 066? jebpdcrdm }ig }ld rig}cpd je trd je }ld pdojie gpvpdwjitr zdcp. cr rlie je }ld gjotpd%

    VJPCBZ VPI]DB]JIE

    Rig}cpd biavcejdr cpd dcodp }i r}iv vcr virrj`nd% Ldpd cpd }ld }lpdd vpjacpz ndvpi}db}jeo rig}cpd cocjer} jnndocn mt

    mjr}pj`t}jie%3% Bivzpjol} Vpi}db}jie

    Bivzpjol} jr c gipa ig je}dnndb}tcn vpojwdr }ld bpdc}ip ig ce ipjojecn ipk. d|bntrjbdp}cje }jad vdpjim je pdnc}jie }i }lc} ipkvt`njbc}jie. mjr}pj`t}jie cem cmcv}c}jie% Cripnm. bivzpjol} nc jr pdndwce} }i vpi}db}jicr dnn cr mibtade}c}jie rjebd }ldrd acznj}dpcpz ipkr lde mdcnjeo j}l bivzpjol} nc

    ld Crjc!Vcbjgjb Bite}pjdr

    je vpimtbjeo}. biavcejdrpdmtbdr }ld

    ar% Pcavce}vdivnd% J} jr

    }ld T%R%* c

    % ]lird livcz gip }ld

    r bce r}cz je

    d @trjedrrcwdpcod VBi 4: vdpbde}a 44$ }ld

    jpcbz cr riieocn adcer }injbc}jie cem

    ivdp}z ljblwd pjol}r gip c. jebntmjeo j}rgip }ld mjoj}cne ig rig}cpdd bierjmdpdm

    %

    ]ljr rddar vcp}jbtncpnz cvvj}r mibtade}c}jie `dbctrd je abpdc}jwj}z je biavt}dp rig}cpddggip} trdm }i vpimtbd c vcp}jbtn

    ]ldpd cpd gitp achip pjol}r}ld pdvpimtb}jie pjol}. 0*}ld}pcernc}jie pjol}. cem =* }ld pjojnndocn bivjdr% ]ld pjol} }i pdvpiipk je cez ac}dpjcn gipa ,j} jrgipa pdstjpdr c wjrj`nd pdvpdpdvpimtbjeo c rt`r}ce}jcn vcp}jegpjeodade}% Biewdprdnz. }ld p

    cem cmcv}c}jie itnm rdda }iritpbd bimd ig c vpiopca }i ibiavt}dp nceotcod }i cei}ldp%

    ]ld bivzpjol} nc midr ei}d|bntrjwd aieivinz% ]ldpdgipd.jemdvdemde}nz c rjajncp ip jmde}jie }ld bivzpjol} ig }ld gjpr} ct}l

    Rjebd bivzpjol} pdstjpdrcei}ldp vdprie acz bivz }ldbncja }i lcwd bpdc}dm j} jemdvdjemdvdemde} bpdc}jie ig }ld rtenjkdnz. aipd njkdnz je biavt}dp

    Ldpd cpd }ld wcpjitr je}dpcopddade}r 8

    3

  • 8/4/2019 LCCM Research Digest (February-April 2009 ed.)

    9/12

    NBBA Pdrdcpbl Mjodr} :

    _ipnm Je}dnndb}tcn Vpivdp}z Ipocejxc}jie ,_JVI*Copddade} ie ]pcmd Pdnc}dm Crvdb}r igJe}dnndb}tcn Vpivdp}z Pjol}r ,]PJVR*

    ! jr ce je}dpec}jiecn copddade} cmajejr}dpdm `z }ld_ipnm ]pcmd Ipocejxc}jie ,_]I* }lc} rd}r mieajejata r}cemcpmr gip acez gipar ig je}dnndb}tcnvpivdp}z ,JV* pdotnc}jie

    Midr Bivzpjol} Cvvnz }i Rig}cpd9

    ]ldpd cpd }lpdd rvdbjcn jrrtdr ip cpdcr c`it}

    bivzpjol}jeo rig}cpd% ]ldrd cpd }ld ginnijeo8

    d|vpdrrjie wr% jmdc !! acez czr }i d|vpdrrrcad cnoipj}la. vdplcvr bivzpjol} nc jrtertj}c`nd je odedpcn% ]lc} jr. }ljr bitnm `daipd ig Je}dnndb}tcn Vpivdp}z Vpi}db}jie%

    trd wr% pdvpimtb}jie !! bivzpjol} pdr}pjb}rpdvpimtb}jie pc}ldp }lce trd% Jr ce d|dbt}jeovpiopca c trd ip pdvpimtb}jie9 Trjeo crig}cpd je ljbl j} cr adce} }i `djer}cnndm. ei} je cei}ldp biavt}dp. jr }ldpjol} }ljeo }i mi%

    jemdvdemde} bpdc}jie !! jemdvdemde} bpdc}jie jecp}jr}jb ipkr jr pcpd ri bivzpjol} wjinc}jier cpdpdnc}jwdnz dcrz }i rvi}% J} acz `d aipd biaaieje rig}cpd. ackjeo wjinc}jier aipd mjggjbtn} }ijmde}jgz% Acez vpiopcaadpr lcwd mdwdnivdmrig}cpd vpiopcar }lc} vpibdrr }ld rcadmc}c cem dwde vpimtbd }ld rcad pdvip}r%Lidwdp. li mjm j} gjpr}. jr pdcnnz mjggjbtn} }ikei%

    Niik cem Gddn Rtj}r

    J} jr ip}lljnd }i ei}d }lc} }ldpd lcm `dde bitp}bcrdr c`it} bivzpjol}jeo. drvdbjcnnz c`it} Niikcem Gddn% Cbbipmjeo }i _jkjvdmjc. je rig}cpdmdrjoe. niik cem gddn jr trdm je pdrvdb} ig copcvljbcn trdp je}dpgcbd cem biavpjrdr crvdb}r igj}r mdrjoe. jebntmjeo dndade}r rtbl cr binipr.rlcvdr. nczit}. cem }zvdgcbdr ,}ld "niik"*. cr dnncr }ld `dlcwjip ig mzecajb dndade}r rtbl cr`t}}ier. `i|dr. cem adetr ,}ld "gddn"*%

    Cvvnd Biavt}dp. vpimtbdpr ig AbJe}irl

    biavt}dpr. cr ei}c`nd gip j}r trd ig }ld }dpa niikcem gddn je pdgdpdebd }i }ldjp Acb IR ivdpc}jeorzr}da% ]ld gjpa }pjdm. j}l riad rtbbdrr. }i `nibki}ldp rig}cpd mdwdnivdpr gpia bpdc}jeo rig}cpdljbl lcm c rjajncp niik cem gddn% Cvvnd cpotdm }lc}}ldz lcm c bivzpjol} bncja ie }ld niik cem gddn ig}ldjp rig}cpd. cem dwde de} ri gcp cr }i rtdAjbpirig}. cnndojeo }lc} }ld _jemir ivdpc}jeorzr}da cr jnndocnnz bivzjeo }ldjp niik cem gddn%

    0% Vc}de} Vpi}db}jie

    Pdgdpr }i c opce} acmd `z c oiwdpeade}}lc} biegdpr tvie }ld bpdc}ip ig ce jewde}jie}ld rind pjol} }i ackd. trd. cem rdnn }lc}jewde}jie gip c rd} vdpjim ig }jad. cbbipmjeo }i}ldgpddmjb}jiecpz%bia% C vc}de} vpi}db}jie jrtrtcnnz cwcjnc`nd }i ed cem jewde}jwd

    }dblejbcn rint}jier% C vc}de} ojwdr }ldvc}de}dd }ld d|bntrjwd pjol} gip 37 zdcpr ,jeCtr}pcnjc* cem 06 zdcpr ,je }ld TR* }i ackd.trd. d|dpbjrd. cem rdnn }ld jewde}jie% ]ldCtr}pcnjce vc}de} nc cnnir vc}de}r }i "}ldrind ipkjeo ip ackjeo ig cez aceedp ig edacetgcb}tpdr" }i }ld }ptd cem gjpr} jewde}ip%Pdgdp }i }ld ]c`nd 0%

    Ljr}ipz ig Vc}de} Nc cem Biavt}dpr

    3:?6r !! Ctr}pcnjce cem Dtpivdce ptnjeor d|bntmd

    rig}cpd gpia vc}de}r cr ac}ldac}jbcngipatncd cpd rjajncpnz d|bntmdm

    3:

  • 8/4/2019 LCCM Research Digest (February-April 2009 ed.)

    10/12

    NBBA Pdrdcpbl Mjodr}

    2% ]pcmd Rdbpd}r Vpi}db}jie

    ]pcmd rdbpd} vpi}db}jie jr cwcjnc`jegipac}jie. mdwjbd. gipatncd d}b% }i`trjedrr gpia tencgtn ip ted}ljbcn cbrdbpd}r `z c biavd}j}ip% ]pcmd rdbpd} vc }ip} ,bjwjn* pdadmz% ]ld nc ig }pcmdvdemr ie eie!mjrbnirtpd ip c} ndcr} wmjrbnirtpd ig jegipac}jie% ]ldpd cpd cncr ljbl mjpdb}nz vdecnjxd ip vpiwjm

    pdadmjdr cocjer} }ld ajrcvvpivpjc}jierdbpd} ip ig jegipac}jie i`}cjedm jebiegjmdebd% Rdbpd} jegipac}jie bcejemjpdb}nz vpi}db}dm `z bdp}cje vpiwjrjiernc. `z odedpcn vpiwjrjier je bjwjn bibdp}cje cb}jier je }ld nc ig }ip}%

    ]pcmd rdbpd} ncr mi ei} pdstjpd }ld rt}i `d eiwdn ip dwde ipjojecn% Cnri }ld rig}c,cem rlitnm ei}* `d acmd vt`njb cr je bvc}de} nc% ]ld rt`hdb} ac}}dp eddm ei} `d dcez vcp}jbtncp gipa% ]i vpi}db} cez jegipac}ji}pcmd rdbpd}r nc. }ld iedp ig }ld }pcmd rdbc`nd }i vpiwd }ld d|jr}debd ig }ld }pcmd rdbpig }ld }pcmd rdbpd} }i `trjedrr cem }ld ietrd }ld }pcmd rdbpd}%

    ]ld }pcmd rdbpd} pdadmz jnn }lde `}i c vdprie }i vpdwde} }ld pieogmjrbnirtpd ig }pcmd rdbpd}r ldpd }ld i}jr temdp ce i`njoc}jie ig biegjmdebd ei}}ld jegipac}jie% Jg c vdprie i`}cjer }lj}lit} }ld iedp/r bierde}. j} atr} `d}ld mdgdemce} i`}cjedm }ld }pcmd rdbpd}ip ted}ljbcnnz%

    rig}cpd midr ei} lcwd }i `d eiwdn ,tenjkdipjojecn ,tenjkd bivzpjol}r*

    vpi}db}r cocjer} }pcmjeo je jerjmdp jegipac}jdavnizddr bceei} }ckd rdbpd}r gpia ied}i cei}ldp

    bce rtd ,temdp }ip} nc*

    I}ldp Rbldadr

    Lidwdp. `drjmd }ld }lpdd vivtncprig}cpd vpi}db}jie. riad biavcejdr ltv j}l }ldjp ie rig}cpd rint}jiercocjer} jnndocn bivzjeo% ]ldrd rbldadr jginnijeo%

    bpzv}iopcvljb nibkr cem vcrripmr ,rvcejemtr}pz je nibk!`pdckjeo vpiopcar*

    njaj}jeo ac|jata eta`dp ig bivjdr ,rvcjemtr}pz je rig}cpd }i jebpdcrd }ld ac|jeta`dp }i cr acez cr zit njkd*

    btr}iadpr mi ei} njkd rig}cpd vpi}db}jie rri wdemipr lcwd air}nz `dde gipbdm }i prbldadr

    nd }i cezvpi}db} ctjrj}jie igi}db}jie jrd rdbpd}rdpz njaj}dmeta`dp ig

    bjwjn nc

    ig c }pcmd`pdcbl igcnri `d

    je bpjajecndr ip `z

    hdb} ac}}dppd eddm ei}ivzpjol} ip|vpdrrdm jee temdp }ldpd} atr} `d}. }ld wcntddp/r pjol} }i

    cwcjnc`ndn trd ipdp vdpriei mjrbnird

    rig}cpdpiwdm }lc}tencgtnnz

    vc}de}r* ip

    ie. ri`trjedrr

    adcer gipcwd biad}i vpi}db}ebntmd }ld

    dm c ajej!

    dm c ajej!ta

    bldadr.}pcb} rtbl

    J} jr keie }lc} vpi}db}jje}dnndb}tcn vpivdp}z lcrcbljdwdm }lpitol }ld vc}de}Eied}ldndrr. biavt}dp vpiorcjm }i `d c pdnc}jwdnz edvpivdp}z%

    _lz biavt}dp rig}cpd rlitncpd }ld ginnijeo pdcrier8

    Jewdr}ade} cem ]jad Pdstjp

    biavt}dp rig}cpd jr ljolceetcnnz% ]ld d|jr}debd igitnm debitpcod }ld mjbpdc}jier cem dec`nd rtmtvnjbc}jie ig ipk%

    Vpi}db}jie cr ce Jebde}jwd }i M

    Vpi}db}jie cr c @crjr gip ]pcmd

    ]ld ncbk ig ndocn vpi}db}jilcpagtn je }ld bie}d|} ig }pc}ld `tzdp ig biavt}dp rig}ndocn vpi}db}jie `dbctrd jrdbtpj}z ig }ldjp pdnc}jierljv%

    Wtnedpc`jnj}z ig Biavt}dp Rig}

    Je rtaacpz. biavt}dp ropdc}dp vcp} ig }ld ljol jew}dbleinioz cem j}r bpdc}jie pdig je}dnndb}tcn dggip}% ]i debi}pcmd je rig}cpd cem vpiai}rig}cpd mdrdpwdr }i `d vpndocn vpi}db}jie%

    Je vpcb}jbd. air} rig}cpbivzpjol} vpi}db}jie }i `d jebite}pjdr vc}de} vpi}db}jied|vderjwd }i rig}cpd% ]ldpdrig}cpd lcwd pdnjdm ie }l}pcmd rdbpd}r. }pcmd acpkr. rje `jecpz gipa ip trjeo bpzv}i

    36

    ie ig }ld pjol}r }i`dde }pcmj}jiecnnz

    cem bivzpjol} ncr%pcar ip rig}cpd jr

    }zvd ig je}dnndb}tcn

    `d vpi}db}dm9 Ldpd

    m8 ]ld jewdr}ade} je

    . c`it} `jnnjie minncprr}pieo ndocn vpi}db}jierrdajec}jie ig }ldjpl bpdc}ipr }i cwijm

    jrbnirtpd

    acz `d vcp}jbtncpnzd% @i}l }ld rdnndp cemcpd cpd je}dpdr}dm je

    } jebpdcrdr }ld ndocn

    cpd

    g}cpd cbbite}r gipr}ade} je biavt}dpstjpdr c ljol mdopddpcod jewdr}ade} cemd jmdp cbbdrrj`jnj}z.wjmdm j}l dggdb}jwd

    d vpimtbdpr `dnjdwdggdb}jwd cem je air}jr ei} cwcjnc`nd ipipd }ld vpimtbdpr ignc ig biegjmdebd.

    vvnzjeo }ld rig}cpdpcvljb }dblejstdr%

    Rcavnd vir}dpr gip

    bcavcjoe cocjer} vjpcb

    je }ld TR%

  • 8/4/2019 LCCM Research Digest (February-April 2009 ed.)

    11/12

  • 8/4/2019 LCCM Research Digest (February-April 2009 ed.)

    12/12

    NBBA P l Mj }

    Acekjem r}pjwdr }i rtpwjwd cem}pjdr }i tvlinm c mdbde} njgd% J} jr einieodp }ld rtpwjwcn ig }ld gj}}dr}. `t}rtpwjwcn ig }ld j}}jdr}. cr }ld ipnm jrbtppde}nz gcbjeo acez blcnndeodr rtblcr cp. mjrbpjajec}jie. jertggjbjdebz igc}dp. cem dewjpieade}cn mdopcmc}jie%Ied ig }ldrd. cr gibtrdm je }ljrcp}jbnd. jr }ld stdr}jie c`it} }ld pjol}

    }i c}dp%

    _ipnm Gcb}r

    3%0 `jnnjie vdivnd. pitolnz iedrj|}l ig }ld ipnm/r vivtnc}jie. midrei} lcwd cbbdrr }i vi}c`nd c}dp%

    0%= `jnnjie vdivnd. c`it} }i gjg}lrig }ld ipnm/r vivtnc}jie. midr ei}lcwd cbbdrr }i vpivdp rcej}c}jie%

    Cpitem 0%3 ajnnjie bljnmpde ,4.?76

    dcbl mcz. = vdp ajet}d*. cem pitolnz 3ajnnjie cmtn}r ,vpdmiajece}nz iade*.mjd dcbl zdcp gpia jnnedrrdrcrribjc}dm j}l }ld ncbk ig rcgdmpjekjeo c}dp. `crjb rcej}c}jie. cemvpivdp lzojded%

    J} jr dr}jac}dm c} }ld aiade} }lc}lirvj}cn `dmr cnn iwdp }ld ipnm cpd ibbtvjrtggdpjeo gpia c}dp pdnc}dm jnnedrrdr%

    ]ld cwdpcod mjr}cebd temdp}ckde `Crjce iade }i ocje cbbdrr }i c}dp jdjol} ig c}dp }lc} }ldrd iade bcppz ie

    dstjwcnde} }i ce jemjwjmtcn/r ac|jacnnicebd ie ce cjpvnced%

    Gntrljeo }ld }ijnd} trdr }ld rcad caivdprie je c mdwdnivjeo bite}pz trdrbndcejeo. biikjeo cem mpjekjeo dcbl mcz%

    _d`rj}dr8

    l}}v8))www%te%ipo)l}}v8))www%wli%ipol}}v8))www%wc}dp}pdc}z%ipo)l}}v8))www%vcemc%ipo)wwgYedwr)edwrl}}v8))www%tedrbi%ipo)l}}v8))www%wc}dpcjm%ipo)tk)

    lcng ig }ldm `z vc}jde}r

    Cgpjbce cemr 7 Ka% ]ld}ldjp ldcmr jr

    a `coocod

    te} ig c}dp cgip crljeo.

    ]ld jaitnm pdm34 }ilzojdedlcemr ceitnm pdmLcwjeo vpipdmtbd }ld

    ]ldOicnr cmiOdedpcn CCmmj}jiecnmtpjeo }lRtaaj} ieje 0660. cjig vdivndbndce ccbbdv}c`ndlcng `z }ld

    Ienz 3,dstcn }ijbd bpdcaadd} }ldOicnr.biaaj}adHilceedr

    }i c}dp cem cbbdv}c`nd rce

    Gip }ld vdivnd njwjeo jKj`djpc. je Ecjpi`j. Kdezc.vpcb}jbcnnz gjwd }jadr }ld cabite}pz% J} jr dr}jac}dmmdwdnivjeo bite}pjdr `tz }cem vcz gjwd }i }de }jadrvjvdm rtvvnz%

    J} jr c `jo stdr}jie ldgip dwdpzied. cr j} jr }ld vdlcvvder. itnm }ldpd r}jnngctbd}r9

    NBBA Pdrdcpbl Mjodr} jr vt

    Vt`njbc}jier Bde}dp }i rdpwd cr c r

    cem cb}jier pdnc}dm }i pdrdcpbl. bnc

    ig }ld gcbtn}z je }ld mjggdpde} rbli

    cem dnbiadr biemderdm wdprjier

    pdwjd drrczr. biegdpdebd vcvdpr. n

    i}ldp bncrrpiia ac}dpjcnr gip j}r st

    Dmj}ipjcn @icpm8 Rp% Jadnmc C%

    Vpdrjmde}. Nc Bi

    30

    vpiwdade} je c}dp stcnjbd bcrdr ig mjcppldc `6$% D|dpbjrjeo vpiv}lpitol crljeo iedm `d}}dp giim lcemnjetbd }ljr gjotpd `z 24$vdp rcej}c}jie gcbjnj}jdr bcrd bcrdr `z =6$%

    Ajnndeejta Mdwdnivad}dm `z }ld Tej}dm Ec}jierrda`nz je 0666. cem }l

    Biaaj}ade}r cmiv}dd Hilceedr`tpo _ipRtr}cjec`nd Mdwdnivad

    jar }i pdmtbd }ld eta`njwjeo j}lit} cbbdrr

    }dp cem }ld ajejatr}cemcpmr ig rcej}c}jie `zdcp 0634%

    6 `jnnjie Dtpir dcbl zdlc} Dtpivdcer rvdem i

    je c zdcp* cpd pdstjpdm Ajnndeejta Mdwdnivad

    cem }i lieip }l}r acmd tpo8 }i otcpce}dd cbbdrj}c}jie gip cnn%

    }ld rlce}z}ie cpdc ied nj}dp ig c}dp bir

    ite} j} midr je c Dtpivdc}lc} 04$ ig vdivnd ldjp c}dp gpia pdrdnndpipd }lce gpia c r}cemc

    e bce c}dp `d cbbdrrj`ivndr vpjacpz pjol}% Jg }l`d c}dp pteejeo }lpito

    njrldm `z }ld Pdrdcpbl ce

    temjeo `icpm ig tv }i mc}d jmdc

    rpiia acecodade} cem mdnjwdp

    nr ig }ld Binndod% J} debitpcod

    p c rlip} rtaacpz ig pdrdcpbl i

    db}tpd ei}dr. }dcbljeo otjmdr ce

    p}dpnz vt`njbc}jie%

    ipc. IRC.

    rincbjie Binndod Acejnc