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	<title>Current News Headlines &#187; people</title>
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		<title>3PAR: the showdown between Dell and HP continues</title>
		<link>http://chestnutchurch.org/3par-the-showdown-between-dell-and-hp-continues/</link>
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		<pubDate>Fri, 27 Aug 2010 18:16:06 +0000</pubDate>
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		<description><![CDATA[ Bids climb for 3PAR. The computer giants Dell and Hewlett-Packard are engaged in a struggle to redeem the American Society of data storage. A standoff that intensified this week. 
 Last rebound on Friday: HP announced in mid-afternoon that he raised his bid for 3PAR to $ 30 per share, valuing the company proposed [...]]]></description>
			<content:encoded><![CDATA[<p> Bids climb for 3PAR. The computer giants Dell and Hewlett-Packard are engaged in a struggle to redeem the American Society of data storage. A standoff that intensified this week. </p>
<p> Last rebound on Friday: HP announced in mid-afternoon that he raised his bid for 3PAR to $ 30 per share, valuing the company proposed data storage to 2 billion dollars! Rival Dell had announced earlier in the day he lined up on the previous HP offers made Thursday night: $ 27 per share, or $ 1.8 billion. </p>
<p> In this battle of &quot;cloud computing (cloud computing via the Internet), and two days are alike. The day of Thursday has been marked by the same scenario.By putting on the table an offer to 1.8 billion, HP responded to Dell, which had outbid earlier in the day. </p>
<p> For Dell, the matter seemed closed Thursday morning. Thirty cents per share closely. Indeed, the offer was raised from Dell was barely higher than that of HP, to 24.30 cents per share against 24 cents. If the transaction would receive the green light from authorities, Dell assured however that it could be finalized before the end of the year. The computer maker also added that the operation &quot;should have a positive impact on [his] profit excluding exceptional items from fiscal 2012. </p>
<p> The &quot;cloud computing&quot; is popular </p>
<p> He had not reckoned on the pugnacity of HP.The acquisition would allow 3PAR to expand its range of storage products for cloud computing and support services activities, like other industry heavyweights like IBM, they tend to generate higher profit margins than sales of computers. </p>
<p> The ball is now in the hands of Dell. And it did not intend to waive 3PAR Friday. &quot;The group continues to believe that the acquisition of 3PAR, and its storage technology market leaders, is an important operation for our customers and will strengthen Dell&#39;s position on these services,&quot; he said in its statement.Dell has until Sept. 20 to launch a public offer to acquire all the shares of 3PAR, &quot;unless the offer is extended,&quot; he says. </p>
<p> The battle began last Aug. 16, when Dell announced plans to acquire 3PAR price of $ 18 per share. A week later, HP came out of the woods. Last Monday, the group also proposed 1.6 billion dollars against 1.15 billion for Dell. The suspense continues, therefore. And the recovery of 3PAR flies &#8230; </p>
<p> On Friday, shares of Hewlett-Packard bend 1.5% to 37.6 dollars in Wall Street, about 17 hours, while Dell shares advance 1.8% to $ 12. 3PAR him, flew 21.5%. </p>
<p> ALSO READ </p>
<p> &quot;3PAR Dell raised its offer </p>
<p> &quot;Hewlett Packard and Dell in the struggle on the high-tech </p>
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		<title>No compensation for employees on Sunday in Paris</title>
		<link>http://chestnutchurch.org/no-compensation-for-employees-on-sunday-in-paris/</link>
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		<pubDate>Sun, 01 Aug 2010 10:32:05 +0000</pubDate>
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		<description><![CDATA[ The battle over Sunday work in Paris is not over. The prefecture of Paris has indeed refused classification tourist areas of the capital, where normally only stores open on Sundays, Scope of outstanding consumer use (chip), the CFTC said Saturday, confirming a report Le Parisien. A classification that makes all the difference for employees. [...]]]></description>
			<content:encoded><![CDATA[<p> The battle over Sunday work in Paris is not over. The prefecture of Paris has indeed refused classification tourist areas of the capital, where normally only stores open on Sundays, Scope of outstanding consumer use (chip), the CFTC said Saturday, confirming a report Le Parisien. A classification that makes all the difference for employees. </p>
<p> The designation entitles them to chip counterparties determined by collective agreement, and failing that, to compensatory time off, salary doubled and the ability to refuse work on Sundays. This classification is written into the law of August 2009 on Sunday work and allowed malls open illegally on Sunday to continue the practice without having to pay fines. </p>
<p> Paris will not benefit from this device.&quot;The Prefect of Paris has denied the request of Mayor Bertrand Delanoe to rank tourist areas of the capital as Bullet,&quot; the CFTC said in a statement. For the union, this decision is contrary to the promise made by Nicolas Sarkozy, that &quot;those who work on Sundays will be voluntary and paid twice.&quot; </p>
<p> The exception &quot;tourist&quot; </p>
<p> The zones of tourist interest are beyond the rule.The Sunday opening of all types of businesses is right, and employees are not entitled to compensatory rest must or a doubling of earnings. </p>
<p> &quot;Once again the argument is made that the law Maille on Sunday is only a law made for large retailers, and this undoubtedly to the detriment of family life, personal and spiritual associations,&quot; says the CFTC. </p>
<p> There are seven tourist areas in Paris: Part of the Rue de Rivoli, Place des Vosges and rue des Francs-Bourgeois, Arcola Street, Avenue des Champs Elysees, part of the Viaduc des Arts Daumesnil , part of the Boulevard Saint-Germain, part of the Butte Montmartre.The government wants to see more shops open on Sunday in Paris and proposed a map of tourist areas greatly expanded. </p>
<p> The Socialist mayor blocked the project but on the field, she noted that a growing number of supermarkets began, immediately, to open on Sunday afternoon with impunity. </p>
<p> (With AFP) </p>
<p> ALSO READ </p>
<p> &quot;Paris refused Sunday to department stores </p>
<p> &quot;Delanoe against the extension of Sunday trading </p>
<p> The opening on Sunday is the exception </p>
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		<title>Games: merging bwin and PartyGaming</title>
		<link>http://chestnutchurch.org/games-merging-bwin-and-partygaming/</link>
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		<pubDate>Thu, 29 Jul 2010 21:16:03 +0000</pubDate>
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		<description><![CDATA[ It is the birth of a new global leader in Internet gambling traded. The operator of online paris Austrian Bwin announced Thursday an agreement to merge with its British rival PartyGaming, a wedding to 1.7 billion dollars. 
 Bwin, listed on the Vienna Stock Exchange and specializes in sports already claimed the leadership position [...]]]></description>
			<content:encoded><![CDATA[<p> It is the birth of a new global leader in Internet gambling traded. The operator of online paris Austrian Bwin announced Thursday an agreement to merge with its British rival PartyGaming, a wedding to 1.7 billion dollars. </p>
<p> Bwin, listed on the Vienna Stock Exchange and specializes in sports already claimed the leadership position in Europe with a turnover of 373 million euros in 2009. </p>
<p> The second, quoted in London and more focused on poker and casino games, carried 309 million in sales last year. The new group will be listed in London and based in Gibraltar. </p>
<p> The shareholders will own 51.6% Bwin &#8211; those of PartyGaming else &#8211; but it redeems PartyGaming.The merger will be completed in the first quarter of 2011. </p>
<p> ALSO READ: </p>
<p> &quot;Online games: who benefits from the money of paris? </p>
<p> &quot;Addiction to online gaming: the skeptical neuroscientists </p>
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		<title>Maneuvers in mines</title>
		<link>http://chestnutchurch.org/maneuvers-in-mines/</link>
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		<pubDate>Tue, 06 Jul 2010 08:20:04 +0000</pubDate>
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		<description><![CDATA[ Following the adoption of Australian tax on the profits of mining companies, the big names in resume their expansionist movement. Thus, the head of Rio Tinto&#39;s Sam Walsh, said further negotiations with the regulators in different countries to complete the planned reconciliation with rival BHP Billiton. Moreover, the multinational was considering expanding its new [...]]]></description>
			<content:encoded><![CDATA[<p> Following the adoption of Australian tax on the profits of mining companies, the big names in resume their expansionist movement. Thus, the head of Rio Tinto&#39;s Sam Walsh, said further negotiations with the regulators in different countries to complete the planned reconciliation with rival BHP Billiton. Moreover, the multinational was considering expanding its new site for the Pilbara with an investment of 10 billion dollars. The Anglo-Australian group wants to increase its annual production of iron ore of 330 million tons within five years, against 230 million today. </p>
<p> Anglo American is activated </p>
<p> The Anglo-South African Anglo American sells, in turn, coal mines in Australia to a consortium of South Korea&#39;s Korea Electric Power Corporation (KEPCO) and POSCO, and the Australian Cockatoo Coal for 500 million dollars.Finally, Banpu, Thai producer of coal, wants to increase its shareholding in the Australian Centennial Coal, up 80% to $ 1.7 billion. </p>
<p> Many projects had been put between brackets, because of the uncertainty surrounding the new tax taxing up to 30% profits of mining groups. </p>
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		<title>The GE boss blames China and Obama</title>
		<link>http://chestnutchurch.org/the-ge-boss-blames-china-and-obama/</link>
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		<pubDate>Fri, 02 Jul 2010 08:40:04 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[ The boss of General Electric has no language in his pocket! On the occasion of a dinner in Rome, Jeffrey Immelt said that China would &#34;the real concern,&#34; reads the columns in the Financial Times. He said the meeting today, the middle kingdom &#34;the worst working conditions in 25 years.&#34; The leader has disavowed [...]]]></description>
			<content:encoded><![CDATA[<p> The boss of General Electric has no language in his pocket! On the occasion of a dinner in Rome, Jeffrey Immelt said that China would &quot;the real concern,&quot; reads the columns in the Financial Times. He said the meeting today, the middle kingdom &quot;the worst working conditions in 25 years.&quot; The leader has disavowed the policy of the Chinese government he accuses of becoming increasingly hostile to multinational companies. </p>
<p> Thus, the officer warned that General Electric (GE) is looking for growth opportunities outside of China, so as not to be &quot;colonized by Chinese investors,&quot; says the boss. Despite the importance of the market, Jeffrey Immelt said that GE &quot;is now turning to other countries rich in raw materials.&quot; The Middle East, Africa, Latin America and Indonesia are in the viewfinder.The officer has been loud and clear the feelings of many companies operating in China. The European Chamber of Commerce has in fact recently reported an uproar among foreign groups in place of the emerging economic power <a href="http://paydayloans-on.com">saving account payday loan</a><!-- . -->. </p>
<p> In addition, Jeffrey Immelt has made some unkind towards the Obama administration he blames the poisonous climate in the United States. It is also concerned that regulatory changes desired by the White House have a negative impact on the fragile recovery in the United States. And according to the officer, the U.S. business community would not appreciate the President of the United States, and vice versa. </p>
<p> Not the opinions of the group </p>
<p> But the group tries to reduce the scope of the declarations of his boss.The U.S. giant said that the leader was speaking at a private dinner and that the statements reported are not exactly those of Jeffrey Immelt. GE Jeffrey Immelt said in particular that was not directly involved Barack Obama. In addition, the group says that the speech did not reflect the opinions of the group. </p>
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		<title>Parisot road for three more years</title>
		<link>http://chestnutchurch.org/parisot-road-for-three-more-years/</link>
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		<pubDate>Thu, 01 Jul 2010 04:32:26 +0000</pubDate>
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		<description><![CDATA[ Click on the thumbnail to enlarge the graphics. 
 Formality. Unless disaster, Laurence Parisot should be re-elected Thursday as head of MEDEF for three years. The boss of bosses is the only candidate to succeed him and won the support of 40 members of the executive board present at the May 31 (out of [...]]]></description>
			<content:encoded><![CDATA[<p> Click on the thumbnail to enlarge the graphics. </p>
<p> Formality. Unless disaster, Laurence Parisot should be re-elected Thursday as head of MEDEF for three years. The boss of bosses is the only candidate to succeed him and won the support of 40 members of the executive board present at the May 31 (out of 45 members) in a secret ballot. </p>
<p> The boss of bosses was the only candidate to succeed him (photo credits Jean-Christophe Marmara to the Figaro).</p>
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		<title>The MFA wants better protect savers</title>
		<link>http://chestnutchurch.org/the-mfa-wants-better-protect-savers/</link>
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		<pubDate>Tue, 29 Jun 2010 08:04:13 +0000</pubDate>
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		<description><![CDATA[ The Autorité des marchés financiers (AMF) to better protect investors. Like announced last April, the MFA has launched with the collaboration of the supervisory authority, a new public financial information. His goal? To better inform its clients on banking, savings, insurance, financial markets or the credit. The public will get information on insurance products [...]]]></description>
			<content:encoded><![CDATA[<p> The Autorité des marchés financiers (AMF) to better protect investors. Like announced last April, the MFA has launched with the collaboration of the supervisory authority, a new public financial information. His goal? To better inform its clients on banking, savings, insurance, financial markets or the credit. The public will get information on insurance products (home, auto, life, health &#8230;), bank accounts, means of payment, bank books or the functioning of financial markets, products collective savings, companies listed on the Stock Exchange, the securities account. </p>
<p> &quot;Applications will be redirected by the operators to specialists of the AMF or the supervisory authority,&quot; says Madeleine Guidoni, mediator of the AMF.The policeman of the Exchange hopes to meet customer expectations disappointed that their banks do not have better information about the content of such Fund. </p>
<p> Life buoy
<p> &quot;The financial institution has taken to bad habits for marketing of financial products&quot;, regrets the mediator of the AMF.With this new service, the regulator should thus be able to better track business practices of banks and better focus the control activities. </p>
<p> After the merger of the bank authorities and insurance giving birth to the supervisory authority, the creation of this service, as required by the economy minister, Christine Lagarde, is like a lifeline to investors, including confidence in financial markets has been severely affected by the numerous cases of fraud or scam. </p>
<p> Called Insurance Banking Savings Info Service, is available in a website &#8211; www.abs-infoservice.fr &#8211; A telephone helpline &#8211; 0811901801 &#8211; and a postal address &#8211; Insurance Banking Savings Info Service, 61 Rue Taitbout; 75,009 Paris.The domestic number is available Monday through Friday from 8:00 to 6:00 p.m.. </p>
<p> ALSO READ: </p>
<p> &quot;The banks have taken the bad habits&quot; </p></p>
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		<title>G20: Sarkozy is located in the Obama camp</title>
		<link>http://chestnutchurch.org/g20-sarkozy-is-located-in-the-obama-camp/</link>
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		<pubDate>Sat, 26 Jun 2010 07:20:04 +0000</pubDate>
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		<description><![CDATA[ In the battle over economic strategy, which raged in the country G8/G20 meeting in Toronto, Nicolas Sarkozy ranks clearly on the side of Barack Obama&#39;s hostile plans rigor precipitates. &#34;For France, fiscal consolidation is a long-term need [...] the stimulus must be from 2011, progressively, according to individual circumstances,&#34; said one EU source. 
 [...]]]></description>
			<content:encoded><![CDATA[<p> In the battle over economic strategy, which raged in the country G8/G20 meeting in Toronto, Nicolas Sarkozy ranks clearly on the side of Barack Obama&#39;s hostile plans rigor precipitates. &quot;For France, fiscal consolidation is a long-term need [...] the stimulus must be from 2011, progressively, according to individual circumstances,&quot; said one EU source. </p>
<p> Favorable cures severe austerity in Greece, Portugal and Spain, Nicolas Sarkozy calls for budgetary adjustments &quot;progressive&quot; in France and in Germany, in 2011, with &quot;not too many taxes.&quot; </p>
<p> The fragile economic and financial worries Europe G8 and the G20. &quot;Our partners Americans and Canadians fear the impact of austerity plans on resuming&quot; said one EU source.The health of banks on the Old Continent is also a major concern in the U.S. <a href="http://payday-loans-nofax.com">No faxing payday loans 1 hour</a><!-- . -->. &quot;There is nothing to fear from that quarter. Our banks are very strong. The results of stress testing in late July will cheer the markets, &quot;say the Europeans. </p>
<p> Faced with the Americans, Germans and Britons facing the G8 steadfast defenders of rigor. &quot;A sustainable growth can not result from a fiscal policy based on the debt?&quot; Repeats Angela Merkel. &quot;Our public finances are in such a state, we have no other choice than a hard adjustment,&quot; defends David Cameron. </p>
<p> In this debate, Nicolas Sarkozy wants to distinguish itself from its European partners.Recognizing the need to reduce fiscal deficits in France, he does not want to rush, giving priority to pension reform. If markets were not so vigilant, he would gladly own the warning of Barack Obama: &quot;do not overdo it in 2010 &#8230; or 2011. </p>
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		<title>Growth: Lagarde await fall</title>
		<link>http://chestnutchurch.org/growth-lagarde-await-fall/</link>
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		<pubDate>Sun, 20 Jun 2010 21:32:06 +0000</pubDate>
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		<description><![CDATA[ The European Commission has just been estimated in March that the forecasts were too optimistic France and the International Monetary Fund (IMF) last Thursday to consider that they might lead to &#34;a significant underestimation&#34; of efforts to reduce the deficit to 3% of GDP in 2013, Paris had no intention of yielding to pressures [...]]]></description>
			<content:encoded><![CDATA[<p> The European Commission has just been estimated in March that the forecasts were too optimistic France and the International Monetary Fund (IMF) last Thursday to consider that they might lead to &quot;a significant underestimation&quot; of efforts to reduce the deficit to 3% of GDP in 2013, Paris had no intention of yielding to pressures coming from all sides on its growth forecast and react hastily to the scaling back. </p>
<p> While the government expects growth of 2.5% in 2011 as in 2012, Christine Lagarde, who was Sunday guest of Grand Jury RTL-LCI-Le Figaro, said Bercy maintained that figure. &quot;It is perhaps a bit daring.But this does not mean that I do not think so because when we have breaks in growth, as we had last year, it rebounded the following year generally stronger than that which was anticipated, &quot;Christine Lagarde has justified, that speaks of&quot; a spring that tightens &quot;&#8230; </p>
<p> Nevertheless, &quot;it is too early in the year,&quot; to decide to revise the forecast, says she. &quot;Wait and see the results of second quarter results that I hope good.&quot; The growth figure for the second quarter will be published in August.Traditionally, this publication &#8211; which comes in full preparation of the draft budget law &#8211; leads to changes in assumptions of growth for the next year <a href="http://payday-loans-cheap.com">payday loans</a><!-- . -->. </p>
<p> Commitments savings firm and final </p>
<p> If she wants to be proactive, Christine Lagarde, however, not only closes the door to such a review. Paris will pose the question &quot;to fall,&quot; said the minister. </p>
<p> This will be a real challenge for public finances. For the equation becomes perilous Paris counts on the 2.5% growth to get him some 35 billion euros in tax revenues to enable it to meet part of 100 billion euros that represents a return to 3% deficit in 2013.If it is not there you will have to find more savings. </p>
<p> One thing is certain: &quot;The commitments we made in terms of economy of expenditure and intervention are firm and final,&quot; said Christine Lagarde. </p>
<p> In short, the government must conduct a struggle of economic policy. Christine Lagarde, who just celebrated three years as head of the Department of Economics, said he was ready to continue to assume. While circulating the idea of a reshuffle in September, &quot;it is the President of the Republic to decide what the best players at the right time. If I am useful for the France team, I am available to the Prime Minister and the President of the Republic. Has it Matignon in sight? &quot;Certainly not! Answered Christine Lagarde. The French economy and employment deserve I spend all my energy. &quot; </p>
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		<title>The economies of emerging countries will exceed those of rich countries</title>
		<link>http://chestnutchurch.org/the-economies-of-emerging-countries-will-exceed-those-of-rich-countries/</link>
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		<pubDate>Thu, 17 Jun 2010 01:24:08 +0000</pubDate>
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		<description><![CDATA[ The OECD refers to a &#34;structural change&#34; of historic importance. The phenomenon is not new but it has accelerated over the last decade and more as a result of the crisis. The weight of emerging economies has amplified, as evidenced by a new study by the Organization for Economic Cooperation and Development (OECD) on [...]]]></description>
			<content:encoded><![CDATA[<p> The OECD refers to a &quot;structural change&quot; of historic importance. The phenomenon is not new but it has accelerated over the last decade and more as a result of the crisis. The weight of emerging economies has amplified, as evidenced by a new study by the Organization for Economic Cooperation and Development (OECD) on the tilting of wealth. In support, the few trade data: in 2009, China became the largest trading partner of Brazil, India and South Africa. Between 1990 and 2008, world trade has multiplied almost fourfold, while the South-South trade have been more than ten. Indian car maker Tata is now the second largest investor in sub-Saharan Africa.Financially, the Developing Countries held in 2008, 4.2 trillion dollars of foreign reserves, or more than one and half times the amount held by the rich countries. </p>
<p> Another sign of their increasing weight between 1990 and 2000, the number of countries called emerging markets (ie whose average per capita equivalent to more than double that of OECD countries) has increased from 12 65. Several states of Eastern Europe like the Czech Republic, Hungary and Slovakia acceded to the richest group, along with Saudi Arabia. Today, says the OECD, a simple division into two is more relevant. Château de la Muette now retains the concept of world &quot;four speed&quot;, according to growth rates and income levels: poor, distressed, convergent and rich.Interesting phenomenon, twenty economies, mostly in Asia like India, Indonesia and Bangladesh but also in Africa, like Ethiopia or Nigeria, have made a great leap forward from the status of &quot;poor&quot; than &quot;converge&quot;. </p>
<p> Note in this scenario, the underperformance of Latin America, where reforms have done little to advance growth. The report noted a reduction of poverty, especially in China where the rate has decreased by 60% in 1995 to 16% in 2005. The downside, if the number of poor has decreased overall from 300 million in the last decade, growth has often been accompanied by increasing inequality, which may influence the long term. </p>
<p> But the trend should not be reversed.In 2030, the OECD area could represent 43% of global GDP in purchasing power parity, against 60% in 2000 and 51% in 2010. </p>
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