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Tuesday, den 23. April 2013

If your flight is delayed in the coming weeks, Republicans want to make sure you blame President Obama , despite having claimed that these cuts would be good for the economy. GOP lawmakers were also alarmed at the cancellation of White House tours

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Category: author, Congress, Economy, Feeds, Health, Justice, LGBT, Media, politico, Taxes, The Nation, ThinkProgress, Tweets, White House | Comments Off
Thursday, den 4. April 2013

Conservative media figures are painting a new White House push on affordable housing with the same dishonest brush they used to shift blame away from Wall Street for the housing bubble that precipitated the 2007-08 financial crisis. On the April 3 edition of Fox News’ America’s Newsroom , Fox Business host Stuart Varney said that “lowering standards for who can borrow money to buy a home” is “what got us into trouble in the first place.” The Washington Free Beacon made the same claim in an article titled “Subprime: The Sequel,” and Ed Morrissey of HotAir.com claimed “the central failure in that bubble…was incentivizing increasingly risky loans with government cash and coercion .” But the housing bubble of the early 2000s was caused by private sector lending behavior , not government policy. The government-sponsored entities Fannie Mae and Freddie Mac, commonly called the GSEs, didn’t lead private financial institutions into the subprime market and the complex financial instruments that made the bubble so toxic

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Category: Affordable Care Act, Articles, author, Breaking News, CNN, Economy, Elections, Environment, Feeds, Foreign Policy, Health, Justice, Media, Media Matters, Politics, Science, SPONSOR, Video, War, Washington, White House | Comments Off
Tuesday, den 15. January 2013

Fox’s Charles Payne attacked President Obama for stoking  fears about the debt ceiling and blamed him for the economic consequences. But experts agree that Obama’s concerns are justified, as failing to raise the debt limit could lead to higher deficits, and higher interest rates, which could have dire consequences for the economy

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Category: Articles, author, Breaking News, Congress, Debt Ceiling, debt limit, Deficit, Economics, Economy, Elections, Environment, Feeds, Foreign Policy, Health, Justice, Media, Media Matters, Medicare, Politics, Science, Social Security, Taxes, The Nation, Video, War, Washington | Comments Off
Tuesday, den 8. January 2013

Federal regulators yesterday announced an $8.5 billion settlement with 10 of the nation’s biggest banks over various foreclosure abuses. According to the Office of the Comptroller of the Currency, “The sum includes $3.3 billion in direct payments to eligible borrowers and $5.2 billion in other assistance, such as loan modifications and forgiveness of deficiency judgments.” This settlement — which comes in addition to the $25 billion foreclosure fraud settlement crafted last year — is meant to provide redress to homeowners who had to deal with “ independent ” foreclosure reviews that were not so independent . But Rep.

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Category: author, Congress, Debt Ceiling, director, Economy, Feeds, Health, Justice, LGBT, Media, Taxes, The Nation, ThinkProgress, Tweets, War | Comments Off
Friday, den 30. November 2012

In an attempt to discredit higher taxes on the wealthy, Fox’s Stuart Varney claimed that high taxes lead to out-migration of residents.

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Category: Articles, author, Breaking News, Deficit, director, Economy, Elections, Environment, Feeds, Foreign Policy, Health, Iraq, Justice, Media, Media Matters, Science, Taxes, Video, War, Washington, White House | Comments Off
Thursday, den 22. November 2012

As lawmakers work on a balanced deal of spending cuts and revenue increases to avoid the coming fiscal cliff, another prominent Republican is publicly rejecting Grover Norquist’s no-tax pledge. Sen. Saxby Chambliss (R-GA) told a local television station in Georgia on Wednesday that he will no longer support the Taxpayer Protection Pledge to never vote for any tax increases under any circumstances.

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Category: author, CNN, Congress, Debt Ceiling, Economy, Feeds, Health, Justice, LGBT, Media, politico, Social Security, Taxes, ThinkProgress, Tweets, Video | Comments Off
Tuesday, den 6. November 2012

During a report on how Hurricane Sandy continues to impact New York City residents, including those struggling without power or gasoline, Fox News’ Megyn Kelly stated, “It’s not like New Orleans where they can go to the Superdome. There’s no Superdome here in New York.” But in contrasting the current situation in New York with what happened in the aftermath of Hurricane Katrina, Kelly ignored key distinctions — namely that the Superdome was rendered largely inhabitable shortly after thousands took refuge there.

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Category: Africa, Articles, author, Breaking News, director, Economy, Elections, Environment, Feeds, Foreign Policy, Health, Justice, Media, Media Matters, Paul Krugman, Science, The Nation, Video, War | Comments Off
Tuesday, den 30. October 2012

Mitt Romney’s campaign has received a lot of negative attention for running utterly untrue television ads in Ohio that claim Chrysler is moving all of its Jeep production overseas. But that’s not stopping the candidate from making a made-for-radio version of the advertisement, repeating many of the same blatant falsehoods.

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Category: author, Barack Obama, Congress, Economy, Feeds, Health, Justice, LGBT, Media, Taxes, ThinkProgress, Tweets | Comments Off
Sunday, den 28. October 2012

As Mitt Romney continues to struggle to explain his various positions on the auto rescue that saved General Motors and Chrysler, his presidential campaign has released an ad about the bailout that is littered with falsehoods and misdirections. Watch it: The 30-second ad is running in Ohio, a state where Romney is trailing in the polls and has been battered by the Obama campaign for his opposition to the auto rescue.

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Category: author, Economy, Feeds, Health, Justice, LGBT, Media, Politics, Social Security, Taxes, ThinkProgress, Tweets | Comments Off
Saturday, den 27. October 2012

Since 2000, middle class incomes and wages have essentially been stagnant ; that period has been called a “ lost decade ” for the middle class. Meanwhile, some costs have skyrocketed. According to a new report from the Center for Housing Policy and the Center for Neighborhood Technology, rising costs for housing and transportation have squeezed the middle class over the last 12 years, rising by 44 percent .

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Category: author, Economy, Feeds, Health, Justice, LGBT, Media, Social Security, Taxes, Technology, ThinkProgress, Tweets | Comments Off
Friday, den 5. October 2012

Our guest blogger is John Griffith , a policy analyst with the economic policy team at the Center for American Progress Action Fund. Housing barely came up in last night’s presidential debate

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Category: author, Barack Obama, Economic Policy, Economy, Feeds, Financial Regulation, Health, Justice, LGBT, Media, Taxes, ThinkProgress, Tweets | Comments Off
Wednesday, den 3. October 2012

Fox Business host Stuart Varney blamed President Obama for the decline in incomes for American families, for the decrease in Americans’ net worth, and for the decrease in home values.

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Category: Articles, author, CNN, Economic Policy, Economics, Economy, Elections, Environment, Feeds, Foreign Policy, Health, Justice, Media, Media Matters, Science, Taxes, The Nation, Video, War | Comments Off
Saturday, den 29. September 2012

Government-sponsored mortgage giants Fannie Mae and Freddie Mac helped prevent 129,000 foreclosures in the second quarter of 2012, the Federal Housing Finance Agency reports. Fannie and Freddie have now completed more than 275,000 foreclosure prevention efforts this year thanks to the Home Affordable Modification Program (HAMP) and other housing programs, HousingWire reported Wednesday. Nearly 30 percent of the actions included some form of principal forgiveness.

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Category: author, Economy, Feeds, Health, Justice, LGBT, Media, Science, SPONSOR, Taxes, ThinkProgress, Tweets | Comments Off
Thursday, den 27. September 2012

Reacting to the New York Police Department’s aggressive stop-and-frisk tactics, the Bronx district attorney’s office has halted all prosecutions of people at public housing projects for trespassing , unless and until they can conduct an interview with the arresting officer. This is the “first known instance in which a district attorney has questioned any segment of arrests resulting from stop-and-frisk tactics,” according to the New York Times. The NYPD’s stop-and-frisk tactics came under fire after news emerged that police stops in New York City increased by more than half a million between 2003 and 2011, and that New York officers conducted more stops of young black men in 2011 than there are young black men in the city

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Category: Africa, author, Economy, Feeds, Health, Justice, LGBT, Media, Pennsylvania, Science, ThinkProgress, Tweets, War | Comments Off
Tuesday, den 25. September 2012

Mitt Romney last week dumped his 2011 tax return on Friday afternoon.

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Category: author, Congress, Economy, Feeds, Financial Regulation, Health, Justice, LGBT, Media, Politics, Science, Taxes, ThinkProgress, Tweets | Comments Off
Saturday, den 22. September 2012

The Federal Housing Finance Agency (FHFA) has proposed raising the prices of federally-insured mortgages in states that have attempted to make it harder for banks to foreclose on homeowners. Under the proposal, lenders in five states will have to pay more to originate mortgages backed by Fannie Mae and Freddie Mac, and the costs will likely be passed on to borrowers, the Financial Times reports: Lenders originating new loans in New York, New Jersey, Illinois, Florida and Connecticut will be forced to pay US-backed mortgage giants Fannie Mae and Freddie Mac up to 30 basis points extra for their credit guarantee , the Federal Housing Finance Agency said in its proposal

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Category: author, Economy, Feeds, Financial Regulation, Health, Justice, LGBT, Media, Science, Taxes, ThinkProgress, Tweets | Comments Off
Saturday, den 22. September 2012

Our guest blogger is John Griffith , a Policy Analyst with the Economic Policy team at the Center for American Progress Action Fund. There’s an old rule of thumb in politics: if you have rotten news to drop, do it late on a Friday afternoon

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Category: author, Economic Policy, Economy, Feeds, Financial Regulation, Health, Justice, LGBT, Media, Politics, Science, Taxes, ThinkProgress, Tweets, White House | Comments Off
Thursday, den 13. September 2012

Just as Apple unveils the iPhone 5, its Chinese manufacturer, Foxconn Technology, is once again plagued with labor concerns. This time, the accusation is that it forced student interns to assemble iPhones, according to the New York Times. Chinese state media reported several schools in the eastern city of Huai’an were closed so that hundreds of students could work on assembly lines to make up for worker shortages

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Category: author, Economy, Environment, Feeds, Health, Justice, LGBT, Media, Science, Taxes, Technology, ThinkProgress, Tweets | Comments Off
Tuesday, den 11. September 2012

The Obama administration’s primary program to tackle the housing crisis and help homeowners who were facing foreclosure, the Home Affordable Modification Program (HAMP), fell far short of its goals. But a new report from the Federal Reserve of Chicago, the federal government, and multiple universities blamed the nation’s biggest banks for the program’s shortcomings.

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Category: author, Economy, Feeds, Health, Justice, LGBT, Media, Science, Taxes, The Nation, ThinkProgress, Tweets, War | Comments Off
Sunday, den 9. September 2012

On Meet The Press this morning, Republican presidential nominee Mitt Romney claimed that his tax plan — which provides a 20 percent tax cut for all Americans — would not “reduce the tax burden” on the rich, even as he has touted the plan as a tax cut for everyone and independent analyses show that it would, in fact, provide a massive tax break to the wealthiest Americans: GREGORY: Give me an example of a loophole you will close? ROMNEY: Well I can tell you that people at the high end, high-income taxpayers, are going to have fewer deductions and exemptions. Those numbers are going to come down.

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Category: author, Economy, Feeds, Health, Justice, LGBT, Media, Science, Taxes, ThinkProgress, Tweets | Comments Off
Friday, den 7. September 2012

On CNBC today, Carl Quintanilla asked vice presidential candidate Paul Ryan if he thought today’s disappointing jobs report would inspire a third round of quantitative easing — the monetary stimulus the Federal Reserve has engaged in off and on since the recession. Ryan replied by saying that the costs of quantitative easing “are clearly outweighing the benefits”: RYAN: I’ve known [Fed Chairman Ben Bernanke] a long time. He and I have disagreements on these issues, but they’re respectful of one another.

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Category: author, CNN, Economy, Feeds, Health, Justice, LGBT, Media, Science, Taxes, ThinkProgress, Tweets, Video, War | Comments Off
Friday, den 7. September 2012

The Senate Permanent Subcommittee on Investigations has begun a probe into JP Morgan Chase’s $9 billion “London Whale” trading loss, Reuters reports. The committee, chaired by Sen. Carl Levin (D-MI), is interviewing current and former JP Morgan employees about the failed trade , which shook the bank and renewed calls for a stronger financial regulations.

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Category: author, CNN, Deficit, Economy, Feeds, Financial Regulation, Health, Justice, LGBT, Media, Science, Taxes, ThinkProgress, Tweets | Comments Off
Thursday, den 6. September 2012

The American Bankers’ Association — which represents the biggest banks in the U.S. — will likely vote today to launch a Super PAC to back candidates who favor rolling back provisions of the Dodd-Frank financial reform law. The group plans to focus on Senate races, as “attempts in the Republican-controlled House to roll back regulation of the financial industry, particularly the 2010 Dodd-Frank Act, have so far run aground in the Democratic-controlled Senate.” Having a Super PAC would allow the ABA to funnel money anonymously to these races; so far, the ABA has donated $1.7 million to 2012 candidates , the majority of which went to Republicans.

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Category: author, CNN, Deficit, Economy, Feeds, Health, Justice, LGBT, Media, Science, Social Security, Taxes, ThinkProgress, Tweets | Comments Off
Thursday, den 6. September 2012

More than 5.5 million European young adults are unemployed, according to reports from the European Commission, leading economists to fear that European youth will become a “ lost generation .” Eurozone unemployment reached 26 percent this month, but for young people, the picture is even bleaker: in Spain and Greece, the youth unemployment rate tops 50 percent; it is 36 percent in Portugal, 34 percent in Italy, and 23 percent in France, the Washington Post reported. Unemployment is so bad for young people that Spanish college graduates have dubbed themselves Juventud sin Futuro, or “ youth without a future .” The youth unemployment rate in the United States, meanwhile, is 15 percent.

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Category: author, CNN, Deficit, Economy, Feeds, Health, Justice, LGBT, Media, Science, Taxes, ThinkProgress, Tweets, Washington | Comments Off
Thursday, den 6. September 2012

Cowboys Stadium costs taxpayers millions of dollars each year. The National Football League season will open tonight in New Jersey’s Metlife stadium, the only NFL stadium that was built without some sort of public support .

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Category: author, Barack Obama, CNN, Congress, Deficit, Economy, Feeds, Health, Justice, LGBT, Media, Science, Taxes, The Nation, ThinkProgress, Tweets | Comments Off
Wednesday, den 5. September 2012

America’s young adults could bolster a housing recovery if they weren’t sitting under a growing mountain of student debt, according to a new report from Young Invincibles that studied the effects of student debt on a young borrower’s ability to qualify for and afford a mortgage. The report, “ Denied: The Impact of Student Debt on the Ability to Buy A House ,” explained that student debt often raises the average young borrower’s debt-to-income ratios beyond the threshold required to qualify for a Federal Housing Administration mortgage or other private mortgages.

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Category: author, CNN, Deficit, Economy, Feeds, Health, Justice, LGBT, Media, Science, Taxes, ThinkProgress, Tweets, War | Comments Off
Friday, den 31. August 2012

Gina Rinehart, the world’s richest woman. According to the world’s richest woman , low-income people are only poor because they don’t work hard enough , and because the government has coddled them with a minimum wage that is too high. Australian Gina Rinehart, who inherited her $30 billion fortune, said, “If you’re jealous of those with more money, don’t just sit there and complain.

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Category: Articles, author, Economy, Feeds, Health, Justice, LGBT, Media, Science, Taxes, ThinkProgress, Tweets | Comments Off
Thursday, den 30. August 2012

The nation’s five biggest banks agreed to a $25 billion foreclosure fraud settlement back in February that required them to provide $17 billion of mortgage relief to troubled homeowners.

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Category: author, Economy, Feeds, Health, Justice, LGBT, Media, Science, Taxes, The Nation, ThinkProgress, Tweets | Comments Off
Wednesday, den 29. August 2012

A mortgage company that was charged with overpricing loans for nonwhite borrowers will pay $3.5 million to the 600 African American and Latino borrowers who paid higher mortgage rates than whites from 2005 to 2009, the New York Times reports. GFI Mortgage Partners will also pay a $55,000 fine, the maximum allowed under the Fair Housing Act. GFI admitted in a statement that federal investigators found that it overcharged minority borrowers, a problem that isn’t isolated to one company: blacks and Latinos were twice as likely as whites to be affected by the housing crisis, as lenders often pushed them into subprime loans and overcharged them on their mortgages.

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Category: Africa, author, Economy, Feeds, Health, Justice, LGBT, Media, Science, Taxes, ThinkProgress, Tweets | Comments Off
Thursday, den 23. August 2012

The percentage of Americans who owe more on their mortgage than their home is worth fell last month as home prices rose, but younger borrowers are still struggling to keep up on their loans. Among borrowers under age 40, 48 percent are underwater on their mortgage, twice the rate of older borrowers, according to a report from Zillow. “Negative equity is trapping young people in their homes, preventing them from selling.

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Category: author, CNN, Deficit, Economy, Feeds, Health, Justice, LGBT, Media, Science, Taxes, ThinkProgress, Tweets | Comments Off
Tuesday, den 21. August 2012

It is hardly a secret that the Obama administration’s programs to bolster the housing market and help struggling homeowners have failed to meet expectations — Obama admitted so himself last year, when he said his administration was “going back to the drawing board” to expand those programs. The slow progress in housing, as the New York Times detailed today, has “ remained a millstone ” around the economy’s neck, even though the programs have helped millions of homeowners: the Home Affordable Refinance Program (HARP) and Home Affordable Modification Program (HAMP) have helped more than 3.6 million people refinance or modify existing loans

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Category: author, Congress, Deficit, director, Economy, Feeds, Health, Justice, LGBT, Media, Social Security, Taxes, The Nation, ThinkProgress, Tweets, War | Comments Off
Sunday, den 12. August 2012

ACORN’s Texas chapter may have changed its name but it still appears to be involved in the same kinds of financial shenanigans that made the radical group synonymous with corruption and sleaze. President Obama used to …

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Category: author, Breaking News, Congress, director, Feeds, Harry Reid, Keith Olbermann, Media, Politics, Taxes, Tweets, Video, War, Washington | Comments Off
Friday, den 10. August 2012

After a year-long investigation into Goldman Sachs, the bank singled out by a Senate investigative committee for its abusive mortgage practices in the run-up to the financial crisis, the Justice Department announced Friday that it would not press charges against the bank. Goldman Sachs became of the face of widespread mortgage fraud and abuse that led to the subprime mortgage crisis when evidence that it had made trades described by its own bankers as “shitty deals” came to light during a Senate investigation in 2011.

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Category: author, Department of Justice, Economy, Feeds, Health, Justice, LGBT, Media, Taxes, ThinkProgress, Tweets | Comments Off
Wednesday, den 8. August 2012

Bernanke, at this time, is maintaining a relatively slow money growth policy , which may lead to a further collapse of the stock market and economy. This may initially lead even more money into the bond market. However ..

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Wednesday, den 8. August 2012

Bill Clinton signs welfare reform.

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Saturday, den 4. August 2012

City Desk is Washington City Paper’s blog about D.C. news, politics, media, the arts, and more.

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Friday, den 3. August 2012

Former President Bill Clinton is slated to deliver a prime-time address at the Democratic National Convention.

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Category: Articles, author, Barack Obama, Congress, Deficit, Economic Policy, Economics, Economy, Elections, Feeds, Foreign Policy, Harry Reid, Health, Iraq, Justice, Media, Medicare, Pentagon, politico, Politics, Republican Party, Science, Slate, Taxes, Technology, Video, War, Washington, White House | Comments Off
Thursday, den 2. August 2012

Our guest blogger is Seth Hanlon , Director of Fiscal Reform at the Center for American Progress Action Fund. The House of Representatives will likely vote today to establish a fast-track process for enacting the tax plan outlined in the House Republican budget, which was authored by Budget Committee Chairman Paul Ryan (R-WI)

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Category: author, Congress, director, Economy, Feeds, Health, Justice, LGBT, Media, Politics, Taxes, ThinkProgress, Tweets, War | Comments Off
Thursday, den 2. August 2012

The share of the economy made up by low-wage jobs has grown since the Great Recession, and according to one new study, it won’t shrink in the future even as the economy continues to recover. The number of Americans working in low-wage jobs — those that pay wages equal to or below the poverty line — will remain steady over the next decade , according to the Economic Policy Institute, as CNNMoney reports: Some 28% of workers are expected to hold low-wage jobs in 2020, roughly the same percentage as in 2010 , according to a study by the Economic Policy Institute. The study defines low-paying jobs as those with wages at or below what full-time workers must earn to live above the poverty level for a family of four.

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Category: author, CNN, Economic Policy, Economy, Feeds, Health, Justice, LGBT, Media, Taxes, The Nation, ThinkProgress, Tweets | Comments Off
Wednesday, den 1. August 2012

House Republicans today — by a vote of 170 to 257 — defeated a Democratic proposal to end the Bush tax cuts on income above $250,000.

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Category: author, Deficit, Economy, Feeds, Health, Justice, LGBT, Media, Taxes, ThinkProgress, Tweets | Comments Off
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