De effecten van een neoliberale meritocratie op identiteit en interpersoonlijke verhoudingen

Maat: px
Weergave met pagina beginnen:

Download "De effecten van een neoliberale meritocratie op identiteit en interpersoonlijke verhoudingen"

Transcriptie

1 De effecten van een neoliberale meritocratie op identiteit en interpersoonlijke verhoudingen Paul Verhaeghe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`%B 2"1/&13#&$>&F8/&A5/"16&"/&F19&3171/%$/016F$80&75/&0121&46$1>)&0"1&"/&01&9$1#$A%9& 716A$1013D#&/$4&253&9$1/1A1/B&H121&$/016#35%%1&#6D49&^=6$$0&1/&%>131/_)&1/&"%&0556& F$1&35/416&F$1&A"/016& /&A11B&H1&1"%&$A&61%>1?9&#3"/#9&"/&/$453&;59&U86$>1%1& 7$$6%9101/&%9110%&38"016&1/&F19&^716A55#&$/%_&1/&^7162$64&$/%_&"%&F18%&/"19&F19&1/"41& ;59&21&76541/)&2$53%&a3$9160D#&O,--(S&7$341/%&AD&716#116013D#& A11/9&"/&<"+# M-4$+&')&'"4$B&!>&46$/0&75/&01&A16"9$?659"%?F1&$71698"4"/4&059&01&A1/%&2D/&1"41/&3$9& "/&F5/01/&F11Y)&#6D49&0121&46$1>&$$#&/$4&11/%&01&=1%?F830"4"/41/&75/&"1A5/0&53%& 11/& ZF1$0$6& H536JA>31& O,--b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c60"/59$61/&0"1&539D0&1/&$71653&=161"#=556& 5

3 A$191/&2D/)&01&V$/41&8/"716%"91"9%0$?1/91/&0"1&"/&:8/?9"1&75/&+"1(-"&$:&11/&75%9&5A=9+ =1/$1A"/4&/$4&/58;13D#%&55/&11/&412"/%3171/&9$1#$A1/)&#$69$A)&53&0"1&755#&F$$4& F5371&A55/0&>61%9161/B& U1/& 01601& 46$1>& =1/$1A&"#& 53%& 01& N=*'(N$)& A19& 11/& =1;8%91& 716;D2"/4&/556& 0"1& 3101/& 75/& 01& 589$?F9$/1& =17$3#"/4& "/& 01& Od65/%953"41S& #$3$/"1%& 0"1& 2"?F& 2$& 4$10& 55/>5%91/&55/&01&#$3$/"%59$6&059&21&16$>&=14$//1/&91&3D#1/B&J0#8*(#,&1O+#2"&+#+%"6.#7*41# +%"6B#W19&>6$9$9J>1&75/&0121&46$1>&2D/&01&76$14161&A1"&(e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h&1/& $A41#1160& 253& ;"1& 38"& "%& 1/& 5331%& 75/& 01& %9559& 716;5?F9)& %/13& 5:25##1/B& H59& "%& $$#& 01& =$$0%?F5>& 75/&MJ/& i5/0&"/& G+'&$# $%-(99"/)& F19& =$1#& 059& T569& H1& C1716&?50158& 41#6141/&F11Y&75/&P$#5&OP355A%&/19;16#&75/&$/016/1A"/41/SB&W1=28?F9&;$609&16& %9139)& 2$53%& =3D#9& 8"9& F113& ;59& $/0162$1#]& %31?F9%& 11/& #31"/1& A"/016F1"0& %35549& 16"/& 8"9& 2D/& #35%%1& 91& $/9%/5>>1/)& 1/& 01& /"18;1& %$?"531& 716F$80"/41/& #6D41/& 2116& %/13& 11/&213j1%91/0"41/0&1/&08%&%959"%?F&#565#916B&H"9&F11Y&5331%&91&A5#1/&A19&;59&"#&53%& 9J>"%?F1&1`1?91/&75/&11/&/1$3"=16531&A16"9$?659"1&=1%?F$8;B&W19&=135/46D#%91&1`1?9& "%&F19&+*"1"6"1#=&1#/"#$*,4&'"#*19"'L:%"4/)&1/&%10169&F19&=55/=61#1/0&;16#&75/&i"?F560& C"3#"/%$/& O,--'S& ;191/& ;1& 059& 11/& D#1& 9$1/5A1& 11/& 2116& /1459"171& "/73$10& F11Y&$>&$/417116&5331&01/#=561&5%>1?91/&75/&$/21&412$/0F1"0B./& F19& & 7163$$>& 75/& 0121& 91#%9& 253&"#& 7$$6/5A13D#&:$?8%%1/& $>& 01& 46$1>& 75/&N=*'(N$)&$A059&01&1`1?91/&0556&F19&A11%9&2"?F9=556&2D/B&M3%&#3"/"%?F&7$$6=1130&253& "#&5:&1/&9$1&716;D21/&/556&AD/&1"41/&8/"716%"91"9)&;556&01&A16"9$?659"1&$/01698%%1/& 7$30$1/01&35/41&9D0&"/417$160&"%&$A&01&1`1?91/&1675/&2"?F9=556&91&A5#1/B k&&!716"41/%& =1/& "#& 1675/& $71698"40& 059& 0"1& 1`1?91/& $71653& 01213:01& 2D/B&.#& 253& 0556=D&7$$653&55/05?F9&F1==1/&7$$6&01&1`1?91/&75/&01&A16"9$?659"1&$>&F19&"/0"7"08)& $>& 0"1/%& "/916>16%$$/3D#1& 716F$80"/41/)& 1/& $>& 01& #;53"91"9& 75/& F19& 5: & ;16#B&P$$653116&0556$>&"/&91&455/)&=1%?F6D:&"#&116%9&;59&"#&$/016&0"1&/"18;1&"01$3$4"1& =146D>)&A19&/5A1&$/016&0"1&/1$3"=16531&A16"9$?659"1B 0-%/"")1".2/3/$4(,/3,((3,(%-3-4/$%&(,5(.'"++/36 \16"9$?659"1&#6114&=1#1/0F1"0&7"5&01&%59"6"%?F1&6$A5/&75/&\"?F513&l$8/4)&Q%"#R4$"# *0# +%"# I"-4+*,-&,8& O*R'eSB& W19& =$1#& =61/49& F19& =1130& 75/& 11/& 89$>"%?F1& A559%?F5>>D& ;556"/& 01& =1%91/& L& 0"141/1/& A19& 01& F$$4%91&"/9133"41/9"1& 1/& 01& A11%91&;16##65?F9& 6!"#$%&'()&*+,-**

4 L& 2116& %/13& 01& & =1#3"AA1/)& 1/& $A41#1160B& M3%& %$?"553& =1;$41/& >$3"9"?8%& %?F611:& l$8/4& 0121& %59"61& 9141/& 01& 2D/%& "/2"1/%& 2116& #;53D#1& 417$341/& 75/& ;59& FD& A"001/& 7$6"41& 118;& 53& 7$1301& 55/#$A1/B& H1& "6$/"1& ;"3& 059& 7DY"4& V556& 35916& 11/& >569D41/$$9& 75/& F1A)& 11/& 21#161& Z$/J& T35"6)& 11/& >31"0$$"& F"130& $A&F19&P161/"40&m$/"/#6D#&7$3310"4&$A&91&7$6A1/&9$9&11/&A16"9$?659"1)&;59&F1A&11/& >8=3"1#1&=16"%>"/4&75/&01&F$$4=1V55601&l$8/4&$> &OQ%"#S(&-/4&1)&,R&V8/"&,--*]& TF*51#54+%#I"-4+*,-&,8OSB&W19&;$609&/$4&"6$/"%?F16&53%&;1&;191/&059&l$8/4&"/&2D/&=$1#& 8"9068##13D#&9$$/9&059&01&3D/&75/&F19&%$?"53"%A1&/556&11/&A16"9$?659"1&F131A553&411/& 9$1753&"%&L&01&;14&/556&01&F13&"%&539D0&41>3571"0&A19&01&=1%91&=10$13"/41/B n50161& 5/53J%1& 9$$/9& 76D&%/13& 059& A16"9$?659"1& 75/8"9& 9;11& F$1#1/&4105?F9&#5/&;$601/B&H1&$80%91&"%&0121&75/&01&76D1A56#91?$/$A"1)&A1911/& 6"/41/&;14)&A55#&059&"1A5/0&0"1&#1"F560&1/&$>&11/&"/9133"41/91&A5/"16&;16#9)&31N163D#& $/016;D%413D#F1"0)&;5560$$6&"101611/& A19& 9531/9)& $/5p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f$61/2)&,--eSB&&C556&8/"716%"91"91/&/5&A1"&(e&= &;1601/& $>&F8/&A559%?F5>>13D#1&613175/9"1)&"%&0"9&/8&7$3310"4&71675/41/&0$$6&11/&1?$/$A"%?F&?6"916"8A]& F19& $/016;D%& A$19& /9& 2D/& 7$$6& F19& =106D:%3171/& 1/& 01& 8/"716%"91"9& ;$609&213:&11/&=106D:&059&A$19&46$1"1/&1/&;"/%9&A5#1/&1/2$7$$69B H1& 41?$A="/11601& "/7833"/4& 75/& A16"9$?659"1)& 1?$/$A"%?F& 1/& $/016;D%#8/0"4)& 3D#9&$>&F19&116%91&412"?F9&55/961##13D#&1/&A5##13D#&716#$$>=556]&3$$/&/556&;16#1/& 9D#& ;D%9& 171/;13& 8"9& 059& 2$;13& 01& $/016;D%#8/0"41& 53%& 01& 76D1A56#9A16"9$?659"1& 0"9&"01531& 0$13&/"19& =161"#1/B& U1/& 0">3$A5A16"9$?659"1)& A19& 413D#1& $/016;D%#5/%1/& 7$$6&"101611/&#5/& 2116& A$1"3D#& 61#1/"/4& F$801/& A19& =54541& 0"1& #"/0161/&53&05/&/"19&A1141#6141/&F1==1/&1/&0"1&F8/&%3554#5/%1/&2116&%916#&=1>531/B& U1/& 1?$/$A"%?F1& A16"9$?659"1&"%&%31?F9%&;16#255A& 53%&"101611/& A19& #5>"9553&716961#9)&1/&059&"%&/598863D#&/"19&2$&O[13%)&,--rh&C"3#"/%$/)&,--')&>B,e'SB&H1& "011& 75/& F19& 2$41/55A0& 76D1& "/0"7"08& A19& $/=1>16#91& #1821A$413D#F101/& A"9%& 1"41/& "/%>5//"/4& "%& 05/& $$#& 11/& 75/& 01& 46$$9%91& ;55/01/#=11301/& 75/& $/21& 9D0& OP16=68441/)&,--b)&>B,b-SB& K13:%& ="//1/& 11/& 61359"1:& "01531& %"9859"1)& 2$53%& 413D#1& #5/%1/& 55/& 01& %9569& 7$$6& "101611/)&253&11/&/1$3"=16531&A16"9$?659"1&8"91"/013D#&2116&/1459"171&1`1?91/&F1==1/B& \556& 059& ;$609& %31?F9%& 08"013D#& 53%& ;1& 0"1& 1`1?91/& =1%980161/& ="//1/& 11/& 35/416& 9D0%7163$$>B&./&11/&116%91&>16"$01&317169&0"1&"/7$16&%91175%9&$716;130"41/0&>$%"9"171& 61%839591/& $>)& 21#16& 53%& F19& 11/& A559%?F5>>D& $:& 11/& "/%9133"/4& =1961Y& 0"1& 7$$60"1/& :8/?9"$/11601& $>& 46$/0& 75/& 11/&?$A="/59"1& 98%%1/& 9650"9"1)& 76"1/0V1%>$3"9"1#& 1/& 5/?"E//"91"9B&H1&>$%"9"171&1`1?91/&4171/&$$#&11/&2116&>$%"9"1:&417$13)&$A059&01&9D01/%& 98"4"/4]&059&"101611/&76$14&$:&3559&3$$/&/556&;16#1/&#6D49&L&1/&"/&0"9&41753&08%&76$14& O2"1&f16/16)&*Re-SB&H"1&=14"/>16"$01&;$609&417$340&0$$6&11/&#$691&:5%1&75/&%95="3"91"9)& 7

5 ;556/5&F19&=1%913&171/;13&11/&F113&5/0161&6"?F9"/4&8"94559)&1/&F$1&35/416&F$1&A116& /1459"171&417$341/&=1;16#9B&H"9&"%&A1911/&01&F$$:0%9133"/4&75/&AD/&312"/4B& H121& 17$389"1&#8//1/&;1& 2$;13& $>& 11/&#31"/161& 9D0%?F553& =146D>1/& 53%& ="//1/& 11/& 68"A161&F"%9$6"%?F1&17$389"1B&P$$653116&A116&"/&0195"3&91&455/)&"%&F19&01&A$1"91&;5560& $A&059&68"A161&>3559V1&91&=1#D#1/B&[1#13F56"/4&1/&a;"16%965&O,--eS&%?F19%1/&F113&A$$"& 01&F"%9$6"%?F1&17$389"1&75/&11/&A" ;%1&%959"%?F1&%95/01/A559%?F5>>D&;556&F19& 55/&s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`1/&9$9&$/%&/"7158)&059&;5%&Q%"#5%4+"#6&1O$#2(-/"1B&U/&$A&0"1&%8>16"$6"91"9&91& "/&U86$>5&53%&"/&01&Pa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a$?"553056;"/"%a1&1/&/1$3"=16531&a16"9$?659"1&4171/&01&"/068#&059&2d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

6 $A059& 21& %J%91A59"%?F& 0"1& ;"//556%& 455/& =17$$60131/)& 2$059& 0121& 05560$$6& 55/& 01& 9$>& =3D71/B&!>& 01&#$$>& 9$1&;$609& 0"9& 05/& 716#116013D#& =1461>1/& 53%& 11/& =1;D%& %9130&;191/%?F5>>13D#&$/016=$8;01&413$$:&"/&01&&^/598863D#1_&%8>61A59"1&116%9&75/& 01& A5//1/& $716& 01& 76$8;1/)& 35916& 75/& F19& =35/#1& 65%& 7$$6& 01& U86$>15/1/)& $:& 75/& 01&CMa[_%&O;F"91&5/43$%5g$/&>6$91%95/9S&7$$6&01&MA16"#5/1/)&;5560$$6&01&5/0161& 3$$%& 8"941=8"9& ;1601/& $$#B& H1&?$/%1o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q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l$8/4&"/&*R'e& 6D#%91&I3$%$:1/&8"9&01&7163"?F9"/4)&059&11/&A559%?F5>>D&41$645/"%1160&$>&46$/0&75/& 6"-4+&$/716AD013D#&1"/0"49&"/&F19&8"9&13#556&75331/&75/&01&41A11/%?F5>B& H1& 76554&"%& $>&;13#1& A5/"16& 11/& A16"9$?659"1& 9$9& W8A1_%&/4$$*'(+4*1#*0# $*,4"+8& 31"09)& 7$$653& "/& F19& 3"?F9& 75/& F19& /$?F95/%& 6$$%#3186"41& =14"/B& K$35/4& A16"9$?659"1& 2"?F& =186%& #6D49)& "%& 16& 411/& >6$=311AB& P5/0554& "%& A16"9$?659"1& 91/& 7$331& "/41=10& "/& 11/& 410"4"953"%11601)&6521/0%/1331&1/&4143$=53"%11601&76D1&A56#9)&1/&F19&"%&0"1&?$A="/59"1& 0"1&0$013D#&"%&7$$6&01&%5A1/317"/4&53%&41A11/%?F5>B&T106D:%61%839591/&L&0"1&%9110%& 11/&%131?9"1:&=1130&75/&01&;16#13D#F1"0&="101/&L&;$601/&131#96$/"%?F&41614"%961160)& 4146$1>1160&1/&716;16#9)&755#&41/$14&2$/016&059&16&/$4&1"41/3D#&01/#;16#&55/&91& >5%&#$A9B&P167$341/%&;$609&16&$>&46$/0&75/&^01&?D:16%_&=1%3"%9)&$716&01&F$$:01/&F11/h& F$$:01/& 0"1& 05/& A556& 7$30$1/01& <1g"=13& A$191/& 2D/& $A& 7$$6& 01& 2$7113%91&#116& 91& =1130&"%&059&01&416"/4%91&>5/"1#&$>&01&=186%&$716&11/&A839"/59"$/53&0"1&A"/016&;"/%9& A55#9& 05/& 716;5?F9)& 2$53%& 61?1/9& H13F5"21& "/& 01& Pa)& 01& #$16%1/& $/A"00133D#& 0$19& 0531/)&;5560$$6&01&>5/"1#&05941/1&716$$6255#9&;59&21&213:&7611%01B \D/&%9133"/41/&2D/&01&7$341/01B&./&01&=14"/>16"$01&"%&11/&A16"9$?659"1&%8??1%7$3)& $A059&21&01&:$891/&75/&F19&7$6"41&%J%911A&?$66"41169B&n5&$/417116&GG/&41/1659"1)&$:& *'& V556)& 41/161169& F19&/"18;1&%J%911A& 213:&/1459"171& 1`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b &H1&?$A="/59"1&75/&0121&/1459"171&1`1?91/&4559&"/&9141/& 9

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u$A%9& 1/& >$3"9"1#B& H1& #5/913"/4& /556& 11/& A16"9$?659"1&F11Y&0"9&065%9"%?F&41;D2"40]&76"1/0V1%>$3"9"1#&1/&/1>$9"%A1&%>131/&/$4& /58;13D#%& 11/& 6$3)& "101611/& ;$609& =13$$/0& "/& :8/?9"1& 75/& 01& 1"41/&?5>5?"91"91/& 1/& %?F1&?566"v61&5p5/#13D#&;160&75/&"1A5/0%&0"05?9"%?F1&#;53"91"91/&"/&?$A="/59"1&A19& 2D/&A559%?F5>>13D#1&1/&;191/%?F5>>13D#1&"/219)&2$53%&=311#&8"9&>8=3"?59"1%)&312"/41/& 1/& 0113/5A1& 55/&?$/461%%1/B&\D/&:5?8391"9&;160& 11/& 0J/5A"%?F& =106D:&;556& 21#16& 01&V$/4161&;16#/1A16%&2"?F&76D&4$10&7$1301/)&$A059&21&1"/013D#&F19&417$13&#6141/& 415>>61?"1160&91&;$601/&7$$6&F8/&"/%>5//"/41/B& H"9&>$%"9"171&1`1?9&=3DY&21#16&/"19&=1>16#9&9$9&F19&:1"9&059&;"1&F560&;16#9)&61359"1:& %/13& =17$60169& 1/& A116& 3$$/&#6D49& L& 75/5:& 11/& =1>5530&/"7158&;16#9& 7163$/"/4&/$4& /58;13D#%& A$9"7161/0& Oa89F1635/0)&,-*-)& F$$:0%98#& esb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v61)&"/9141/0113)&21&2D/&1675/&$71698"40& 059&21&/556&01&>D>1/& A$191/&05/%1/&75/&11/&$/2"?F9=561& 50A"/"%9659"1B&K1&;16#1/& #1"F560)&A556&=13171/&7113&A"/016&>312"16&55/&F8/&;16#B&T$71/0"1/&"01/9"I?161/&21& 2"?F&F131A553&/"19&A116&A19&01&"/%9133"/4)&1/&01&?$3314"53"91"9&"%&46$91/0113%&2$1#B&H1& $$6255#&3"49&"/&01&A5/"16&;556$>&F19&A16"9$?659"%?F1&%J%911A&41E7$381160&"%)&1/&05/& 7$$653&"/&01&A5/"16&;556$>&01&7160"1/%91/&=1$$601130&;$601/B& s10861/01&01&7$$6=d1&7dy"1/&v556&;160&01& "1&75/&"1a5/0%&#;53"91"91/&1/& "/219& 455/01;14& 71675/41/& 0$$6& 01& 31N163D#1& A19"/4& 1/& 9133"/4& 75/& 2D/& >6$08?9"1)& "/& F19& /"18;1& V564$/]& 2D/& T*(+)(+OB& K5#1/& 0"1& /"19& 4$10& #8//1/& 41A191/& ;$601/)& 75331/&8"9&01&=$$9B&W19&=135/4&75/&$/016;D%&1/&A559%?F5>>13D#1&0"1/%971631/"/4&4"/4& >D3%/13&/556&$A3554&1/&F19&5??1/9&#;5A&o85%"&1g?38%"1:&91&3"441/&$>&$/0162$1#B&H1& $A75/4&055675/&;$609&31N163D#&419130&7"5&F19&55/953&>8=3"?59"1%&059&168"9&7$$6973$1"9B& M69"#13%&"/& 01& 1"41/& 9553& 91331/&/"19& A116& A11)& 1/#13&"/916/59"$/531& 2D/& 75/& =135/4B&./916/59"$/553& =311#& 11/& 18:1A"%A1& 7$$6& U/413%953"4B& U/413%953"4& & 2116&%/13& /556& 01& 7167$341/%&/556& 0121& A19& 01& F$$4%91& M/413%5#%"%?F1&L&61413&&OT$$A#1/%)&,--eS]&16&A$19&41%?$$60&;$601/&="//1/&7*(-1&'$& A19& 01& F$$4%91& -&1:419B&!/05/#%& 01& 2$41/55A01& 2'41/# )""-# -"=4"5& =3D#1/& 0"9& A116& 10!"#$%&'()&*+,-**

8 1/&A116&/"?F19D0%?F6"Y1/&91&2D/B&!/01698%%1/&"%&$$#&0"9&5?F916F5530)&1/&F19&/"18;1&?6"916"8A&75/&A$641/&9$$/9&11/&=191#1/"%7$331&716%?F8"7"/4]&01&=1%91&5?501A"?8%&"%& %L&L&"/ &FD)&76$8;1/&>5%%1/&/58;13D#%&"/&0"9&%J%911A&L&"%&FD&0"1&F19&A11%9& 1g916/1& :$/0%1/& #5/& 716;1671/& 0"1& 05/& /$4& 3"1:%9& =1#6$$/0& ;$601/& A19& >591/91/B& T191#1/"%7$3)&$A059&0"9&01&#$>>13"/4&98%%1/&$/016;D%&1/&1?$/$A"1&=3$$93149B& W19&"%& 75/& =135/4& $A& 91& =1%1`1/& 059& 11/& D#1& 17$389"1&%968?986113& =1>5530& "%& 1/& 08%& $/716AD013D#B& U1/& A16"9$?659"1& #5/& %31?F9%& :8/?9"$/161/& $>& 46$/0& 75/& 11/&,"1+-&&'# 9"'"4/# "1# $+-&:# 9")'&1/# 6""+$8$+""6& 75/& 01& ^>6$08?9"1_& 1/& 01& "/0"7"08131& =D06541/&05569$1)&;556=D&16&8"9&F$$:01&75/&F19&%J%911A&213:&%31?F9%&11/&=1>16#9&55/953& ^;"//556%_&#8//1/&1/&A$41/&2D/&Oa;"16%965&Q&Z$/#1/%)&,--eSB&H5560$$6&$/9%9559&16&11/& ="##13F5601&?$/?8661/9"1&0"1&$>&2D/&=1869&01&%8??1%?6"916"5&%9110%&%965##16&1/&%961/416& 4559&A5#1/B&W19&"%&01&A$1"91&;5560&$A&F"16&/556&d$8?5839&O*Rr'S&91&716;D21/)&A19&2D/& $>75N"/41/&$716&0"%?">3"/16"/4B&T"//1/&01&5?501A"%?F1&;16130&4559&"101611/&41=8#9& $/016&F19&V8#&75/&11/&5/$/"1A1)&43$=531&H=&'(&+*-&0"1&2"?F&41t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h& 059& ;"%9& w161aj& T1/9F5A& 53)& 1/& 2$;13&W5/%&M?F916F8"%&O,-*-S&53%&i"?F560&a1//1N&O,--r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`1?91/& F"1675/& $>& $/21& F$80"/4& 9141/$716&;16#& 1/& $>& $/21& 016"/4q&&m$69&/5&F19&"/7$161/&75/&11/&A16"9$?659"1&"%&16&08"013D#&;"/%9)&$A059&16&11/& %916#1&%9D4"/4&"%&"/&;59&="//1/&01&>%J?F$3$4"1&T&9"1,8O&F119)&F19&417$13&213:&4611>&91& F1==1/&$>&F19&1"41/&3171/)&"/&0"9&41753&F19&>6$:1%%"$/131&3171/B&H"9&716#35569&A1911/& F19& 7163"1%& "/& 01& 1"/0:5%1)& ;556& 0"1& T&9"1,8O& 1/& 213:01916A"/59"1& /541/$14& 7$3310"4& 7163$61/&455/B&U6&$/9%9559&11/&716>3"?F91&?$/:$6A"91"9&55/&1g916/&$> &0$131/&1/& 01&8"9068##"/4&^5?501A"%?F1&76DF1"0_&"%&75/0554&11/&?$/9650"?9"$&"/&916A"/"%B&U6&A$19& 3D#%&"19%&$716&91&21441/&F1==1/B&\1/&7163"1%9&$>/"18;&01&4611>&$>&F19&1"41/&;16#)&$>& 11/&A5/"16&0"1&/$4&16416&"%&05/&7$$60"1/)&;5/9&/8&4559&F19&$716&01&41%*(/&1675/B& 11

9 TD&8"9=61"0"/4)&75/&01&8/"716%"91"9&/556&01&A559%?F5>>D)&#8//1/&;1&F"16&11/&2116& #;53D#1& 17$389"1& $/016#1//1/)& A116& =1>5530& 11/& ="-$,%(4=419# =&1# $4":"#,-4+"-4&# 1&&-# ">+-41$4":"# 1/& 08%& 75/& 11/# 41+"-1"# 6*+4=&+4"# 1&&-# ""1# ">+"-1"B& x"91"/013d#& U16%9& 1/& 7$$653& 01& 716%?F8"7"/4& 75/&"/96"/%"1#1&/556& 1g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g916/1&?6"916"5&"A>3"?161/&A1911/&059&01&A$9"759"1&$A&F19&4$10&91&0$1/& /"19& A116& 75/& ="//1/8"9& #$A9)& A556& 171/2116& 1g916/& 3"49)& "/& :8/?9"1& 75/& F19& ;$$601/& 55/& 0"1& $> & 1g916/1& /$6A1/B& W19& 171/98131& >312"16& 059& "#& 55/& AD/& ;16#&=1311:)&F11Y&/"19%&A116&91&A5#1/&A19&F19&F531/&75/&AD/&1"41/&#;53"91"9%/$6A)& A556&3$8916&A19&F19&:1"9&059&"#&41%?$$60&F1=&$>&11/&1g916/1&^+&-9"+O&2$53%&F19&05/&F119B&!/417116&13#&A$9"759"1$/0162$1#&9$$/9&059&0"9&2116&/1459"1:&"%)&2$;13&7$$6&01&"/219)& A$9"759"1& 1/& 56=1"0% & 75/& 01&;16#/1A16& 53%& 7$$6& 01&#;53"91"9& 75/& F19& 71601&;16#B& n5&7163$$>&75/&11/&55/953&v556&1"/0"49&0"9&"/&f19&7160;d/1/&75/&11/&56=1"0%19f"1#)& 1/& 755#& 41/$14& 75/& 11/&"+%4":# +*(+#,*(-+B&./& 01& >3559%& /& #$A9& 16& 11/& 1g916/1& "/4& 0"1& 7"5& "& 7$6A1/& 75/& #;53"91"9%F5/0=$1#1/& 1/&?5A165?$/96$31& =1;55#9&;$609B&.AA16%)&53%&"#213:&01&#;53"91"9&75/&AD/&;16#&/"19&A116&#5/&=1>531/&1/& 01&?6"916"5&75/&=8"91/5:&$>413140&;$601/)&05/&7$13&"#&AD&/$4&/58;13D#%&=196$##1/&1/& =D417$34&$$#&/"19&A116&7165/9;$$6013D#B&n$4&11/&%95>&716016&1/&F19&#5/&AD&1"41/3D#& 411/&<8"9&A116&%?F131/)&2$35/4&"#&A556&="//1/&01&3D/9V1%&#3186B&!>&059&$41/=3"#&"%&01& #35540& ;1601/& 7$$6& A"%=68"#& 75/& >5631A1/95"61& :$/0%1/B& W8/& "4"/4& 38"001& 059&0"9&9$ /&;5%&="//1/&01& "/4B&T146D>]&11/&"//163D#&19F"%?F&=1%1:&%>1139& 0861&417$340&F11Y&$:&/"19B W19&2"?F&75%9F5#1/&55/&0"1&1g916/1& "/4&F11Y&$$#&5331%&91&A5#1/&A19&11/& %"/41/& 1/& 75/& %9110%& 1/416& 4101I/"11601&?6"916"5& 0"1& =$71/0"1/& $A& 01& 2$7113& 9D0& 7165/0161/B& Z16& "338%9659"1)& 5/016A553& 8"9& 01& 1"41/& :5?8391"9]& 01& "1& 75/& @& 8"975331/)& $A059& 01&?6"916"5& 7165/0160& 2D/B& U1/& >35//"/4& $>& 35/41& 916AD/& ;$609& 05560$$6&164&A$1"3D#B&n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i"?f560& a1//1n& O,--eS& 12!"#$%&'()&*+,-**

10 =1%?F6DY& F$1& 9$9& 7$$6&#$69& 75#A5/%?F5>& 41>5560& 4"/4& A19& 11/& /& 41#$>>130& 213j1130)&7163$/"/4&1/&%$?"531&=5/0B&H"9&"%&/"19&A116&F19&41753B =/(:2(,'(.$--3)*+&(/1$+(34(.+(3.#&716;D%&171/&91684&/556&AD/&"/31"0"/4]&"01/9"91"9&"%&411/&75%9%955/0&"19%&;556A11&;1& 41=$61/&;$601/B&C"1&;D&2D/&1/&F$1&;D&$/%&716F$801/&9141/$716&01&5/0161/)&;$609& %?F5>>1/&0"1&;1&75/8"9&0"1&$A417"/4&91&F$61/&#6D41/B&M3%&01&A559%?F5>>D&7165/0169)& 05/&7165/0169&2$;13&01&A$0531&"01/9"91"9&53%&01&=D=1F$61/01&%$?"531&716F$80"/41/B& 3D#F1"0%#1/A16#1/& 4559& >6"7"314"E61/& 1/& 5/0161& 5:%965`1/)& ;55635/4%& F19& %J%911A& 2"?F213:&"/&%95/0& F$809B& K$&"%& =D7$$6=1130& <1g"="3"91"9& 91/& 2116%91& 41;1/%9)& A556& 01& >6D%& 05567$$6&"%& $>>16735##"4F1"0B& C59& 76$1416&%95="3"91"9& F11N1)&"%&/8& T-"$4$+&1,"# +*#,%&19"OB& \16#;5560"4& 41/$14& 4559& 0"1& <1g"="3"91"9& 41>5560& A19& 11/& 1"%& A"%A1)&2D&F19&"/ &11/&<1g"=13&?$/:$6A"%A1&55/&%9110%&7165/0161/01&?6"916"5B& U1/&?$A>19"9"171&"/%9133"/4&"%&11/&A8%9)&;5560$$6&41/4=4/(&'4$6"#01&$716F5/0&#6D49B& H"1&="-)'4,%+"#,*6)"+4+4"&=61/49&11/&%/118;=53&55/&F19&6$331/B&a$3"056"91"9&;$609&11/& #$%9=561& 38g1& 1/& A$19& 01& >3559%& 68"A1/& 7$$6& %9110%& +L/"'L:"#,*&'4+4"$& A19& 53%& /55A%91& 2$64& 059& A1/& 16& A116&;"/%9& 8"9& F5539& 05/& 01& 5/0161/B& H"1>455/01&%$?"531& F1"0&=D&F19&;16#&213:&"%&16&/$4&/58;13D#%&1/&53&F131A553&/"19&A116&=D&F19&=106D:&$:&01& $645/"%59"1B&[1%91/&;5%&76$1416&11/&>6$=311A&$>&01&%?F$31/)&/8&"%&F19&7$3$>&55/;12"4& & ;$601/& $>& 01& 2;5#%91/& L& "/& 01& >%J?F$3$4"1& F119& 059& ^/4$)'&,"/# &9-"$$4*1OB&!/016F8"0%&311Y&16&&19$+)&75/&:5535/4%9&9$9&68"A161&%$?"531&5/4%9B&H121&?5914$6"1&"%&01& %?F1&F5/0=$1#1/&G/&"%&11/&$7160$/0161/0&I/5/?"113&%8??1%&7$$6&01&:56A5?189"%?F1& "/08%96"1B& W19& 7167$34& F16#1/&"#&"/& 01& 9$1/1A1/01& 0"54/$%1& ^589"%A1_& =D& V$/4161/)& 53%& &7$6A&75/&%$?"531&"%$359"1)&;14&75/&01&53&91&=1061"41/01&5/016B&U1/&053"/4& "/& 589$/$A"1& 1/& 11/& 46$1"1/01& 5p5/#13D#F1"0& 75/& 1g916/1& 1/& =$71/0"1/& 71/01&/$6A1/& 716$$625#1/&;59& i"?f560& a1//1n& F113& 961`1/0& 11/& 410&1+4'4$"-419# =&1# /"# 5"-:1"6"-$& /$1A9& Oa1//1N)&,--k)& >Bb(h& >>B& P$3;5%%1/& A1/%1/& 7169$/1/& #"/0163D#1& ;$10155/75331/)& 2D/& V53$16%& 7$$6& 96"7"53"91"91/)& /& 31841/9V1%& $A& 3"41&;655#417$131/%B& n$4&7113&=135/46d#16&"%&01&?1/96531&&&1+&$+419#=&1#%"+#y"'0-"$)",+b&h"9&f5/49&"/&46$91& A591&5:&75/&01&16#1//"/4&0"1&A1/&#6D49&75/&01&M/016)&0"9&"%&01&31%&0"1&75/&W1413&9$9& $/9;"##13"/4&;556=D&F19&$/0163"441/01&A$9"1:&01&5/4%9&"%&059&0"1&5/016&$/%&/"19&A116& /$0"4&F11Y)&F19&^\"(+E4'#6"#)"-/-"q_&Of5?5/)&*R(()&>B&*--h&f5?5/)&*Rrk)&>B*RbSB&!/41;191/& 716;$$609&a1//1N&F19213:01&;5//116&FD&"/&01&A$/0&75/&01&F8"0"41&;16#/1A16&01& 76554& 3149& ^!%*# 1""/$# 6"q_& O*RRe)& >B*b(SB& P$$6& 11/& 46$1"1/01& 46$1>&"%& F19& 5/9;$$60]& ^n"1a5/0b_&kd&a5#1/&0113&8"9&75/&01&3(&1+4+n#1n9'49&2'")&01&$716=$0"41/b& T"//1/&11/&A559%?F5>>D&0"1&7$$690861/0&01&=$$0%?F5>&716#$/0"49&059&"101611/& F19&#5/&A5#1/&53%&FD&2"?F&A556&7$30$1/01&"/219)&=191#1/9&0"9&059&%9110%&A116&A1/%1/& 41?$/:6$/91160& ;$601/& A19& ="-1"/"-419.# $,%('/9"=*"'"1$# "1# $,%&&6+"B& a?f830& #5/& "/& 0121&?$/91g9& =1461>1/&;$601/& 53%& 11/& >$4"/4& $A& 2"?F213:& 9$?F& A556&;D%& 91& A5#1/& 13

11 059&A1/&4611>&F50&#8//1/&F1==1/&$>&01&%"9859"1)&059&A1/&&01&A"%38##"/4&F50&#8//1/& 716AD01/& O^W50&"#& 0"9& 41055/)& 05/y_S)&/19& 2$53%& 01&#5/#16>59"E/9& 7"5& 11/& 5/53$41& 6101/16"/4& O^W50& "#& /"19& $/016& 0"1& F$$4%>5//"/4%31"0"/4& 41;$$/0)& 05/y_S& F19& /$$03$9& >6$=1169& 91& =12;161/& OaBa$/954)& *RreSB& H1& ;556F1"0& "%& %"A>1316]& ^]*(# /*1O+# -"&''8#6&X"-O&Oa1//1N)&*RRe)&>B,Rh&2"1&$$#&>B*k,SB& P5/0554& 4559& 16& 7113& 55/05?F9& /556& 01& 56=1"0%068#B& H59& "%& /598863D#& 9161?F9)& A556&F19&6"%"?$&"%&059&;1&05560$$6&"19%&5/016%&8"9&F19&$$4&7163"121/B&!/0162$1#&9$$/9& $71698"41/0& 55/& 059& 2$2116& 11/& 417$34&"%& 75/& 11/& 91& F$41&;16#068#)& A556&7$$653&75/&11/&91#$69&55/&;556016"/4&1/&61%>1?9)&2$;13&F$6"2$/9553&53%&7169"?553& OP5/F1831)&aB)&f"176$8;)&MB&Q&P16F514F1)&[B&)&,--kSB&M/53$$4&055655/&"%&%961%%&1/&2"1#91& =D&5?501A"?"&11/&417$34&75/&11/&41=61#&55/&589$/$A"1&="//1/&1/&2144"/4%%?F5>&$716& 059&;16#)&"/&?$A="/59"1&A19&0"1&;16#068#&OT164)&UB)&T566J)&wh&Q&zF5/0316)&wB&O,--bSB&& 9:#-3-4/(,(3,'".#/%/'"#/( n19& 2$53%& 56=1"0% & F113& %916#& =1>5530& ;$609& 0$$6& 01& A591& ;556"/& A1/& 213:& 0"1&56=1"0&#5/&=1>531/)&F5/49&F19&417$13&0113&8"9&91&A5#1/&75/&11/&$645/"%59"1&7$$6& 11/&<"/#&%98#&5:&75/&01&A591&;556"/&A1/&11/&55/0113&F11Y&"/&F19&=131"0B&P{{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g916/1& ^?$/%8395/9%_B& U1/& A119=561& O S& "338%9659"1& F"1675/& "%& 01& 9D0%0886& 75/& 01& =135/46D#%91& 016"/4&="//1/&AD/&1"41/&:5?8391"9B&./&*RRr&088601&0"1&41A"00130&06"1&886)&"/&,--R& /$4& br& A"/891/B& H1& /$9831/& 9$/1/& =$71/0"1/& 059& 16& 455/01;14& A116& 5=%1/91t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a9$891& 411%91/& =1;161/&059&01&A11%9&%8??1%7$331&I4861/&"/&11/&0$$ /&A16"9$?659"1&0121&A19& 11/&>%J?F$>59F"%?F&>6$I13&2D/&OT5="5#&Q&W561)&,--(SB&H1&:5?9$&=13$$/9&11/&/1$3"=16531& A16"9$?659"1&7$$653&659"$/113&?53?83161/01&%>1316%&0"1&755#&41/$14&6}?#%"?F9%3$%&7$$6& 01&1"41/&?566"v61&455/B 7>(%#(3,-',1(,+2")/#(/# M35%05"6&\5?./9J61&A16#91&"/&*Re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m;53"91"9& $>& 11/& 8/":$6A1& A5/"16& A191/& "%& 6153"%116=556& 53%& F19& $A& 95%9=561& >6$08?91/&4559&O11/&589$S)&F19&;$609&A$1"3D#16&53%&16&1%9F19"1#&1/&%A55#&A11&41A$1"0& /"/4&4559&O$/0162$1#)&$/016;D%&1/&412$/0F1"0%2$64SB&W19&=D&01&A16"9$?659"1&F$61/01& A119%J%911A&411Y&$>&0"9&735#&213:&F19&5/9;$$60]&6"+419#"1#6""+2&&-%"4/#9&&1#2")&'"1# 5&+#:5&'4+"4+#4$B&\191/&"%&08%&/"19&2$A556&>5%%"1:&614"%96161/)&F19&"%&;13&01413D#&5?9"1:& "/46D>1/&"/&01&>65#9D#B&U1/&;D2"4"/4&"/&01&A119359&"A>3"?1169&%91175%9&11/&;D2"4"/4& "/&;59&53%&#;53"91"9&=1461>1/&;$609&1/&;16#9&05560$$6&%9861/0B&U6&$/9%9559&11/&+(11"'E =4$4"]&0"9&1/&53311/&0"9&"%&#;53"91"9)&;59&=8"91/&F19&A119%J%911A&7539)&9139&/"19&A116&A11B& H556& #$A9& /$4& =D& 059& #;53"91"9%A19"/41/& ="//1/& 11/& A16"9$?659"1& /58;13D#%& 61#1/"/4&#8//1/&F$801/&&A19&3$#531&1/&?$/91g98131&:5?9$61/&L&01&A119359&^A$19&7$$6& "101611/&413D#&2D/_&1/&01&A19"/4&A$19&^41%95/05560"%1160_&7163$>1/)&;5/9&5/016%&"%& 01&716413D#"/4&/"19&^$=V1?9"1:_B&W19&"%&$>75331/0&059&016413D#1&A119%J%91A1/&/541/$14& 539D0& 75/8"9& 11/& 5/$/"1A& F$$:0#5/9$$6& $>413140&;$601/)& 1/& F113& 755#& 8"94105?F9& 2D/& 0$$6& 1g916/1& ^95%#:$6?1%_& 1/& ^?$/%8395/9%_& 0"1&/58;13D#%& 7$13"/4& F1==1/& A19& 01& >65#9D#&0"1&21&0"1/1/&91&A191/B&!>&01&#$$>&9$1&4559&16&2116&7113&4130&/556&0"1&1g916/1&?$/%8395/9%)&;59& 01&:68%9659"1& =D& 01& A1/%1/& $>& 01&;16#73$16&/$4& 0$19& 46$1"1/B& W19& :1"9&059&01&1"41/3D#1&>6$:1%%"$/53%&05/&/$4&11/&0113&75/&F8/&9D0&A$191/&=1%9101/&55/& 01&614"%9659"1%&75/&0"1&A19"/41/)&#$A9&01&#;53"91"9&75/&F19&1"41/3D#&;16#&$$#&/"19&91/& 15

13 F8"%)&;556&$/417116&"101611/&11/&1331/35/41&76541/3D%9&A$1%9&"/78331/&$A&/5&91&455/& ;556&16&9D0&#$/&=1%>5560&;$601/B& U1/&2"1#1/F8"%&"%&11/&^2$64=106D:_&41;$601/)&&01&8/"716%"91"9&"%&$A410$$>9&9$9&11/& "/F$80& 75/&;59& A1/& 0$19)&"%& A"/016& =135/46D#& 05/& 01& 76554& $:& 11/& =1>55301& 959"1&$:&5?9"7"91"9&^A119139_&$:&/"19B&H1&716>3"?F9"/4&$A&91&%?$61/&F11Y&9$9&417$34&059&16& 71/01&#5/%1/&$>&%?$6"/4%%8??1%B&H1&A11%9&%8??1%7$331&$/0162$1#16%&2D/&0121&0"1&01& $/0162$1#%FJ>1%&7$341/B&s12"1/&FJ>1%&%31?F9%&11/&#$69&3171/&=1%?F$61/&2D/)&;$609&16& /58;13D#%&11/&"/F$8013D#1&1g>169"%1&$>41=$8;0)&1/#13&11/&:$6A131B&H"9&"%&75/0554& ;13&A116&F19&41753B&Z$1/&"#&11/&V$/4161&?$33145&76$14&F$1&F19&A$413D#&;5%&059&FD&"/& 11/&9D0%%>5//1&75/&/58;13D#%&9"1/&V556&716%?F1"01/1&#161/&75/&$/0162$1#%0$A1"/& 7165/0160&;5%)&38"001&F19&5/9;$$60]&^W19&"%&53311/&A556&11/&#;1%9"1&75/&V1&~?$A>8916 >6$465AA5&55/&91&>5%%1/_B&!/41;191/&1?F$01&FD&0556A11&F19&5/9;$$60&059&a1//1N& 91&F$61/&#6114&75/&$/41%?F$$301&56=1"016%&"/&11/&"/08%96"E31&=5##16D)&0"1&$/417116& 0"4F101/S&2D&F5001/)&38"001&F19&5/9;$$60]&^C&:419.#$%*"6&:419.#) #8*(#1&6"#4+.# JO="#9*+#+%"#$:4''$O&Oa1//1N)&*RRe)&>Br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`1?9"1:&"%B&H"9&4559&2$716&059&01&5/0161&A$01331/&A116&1/&A116&F8/& =1%955/%61?F9&7163"121/&1/&213:%&7160;D/1/&8"9&F19&$>31"0"/4%55/=$0&OC1%91/&19&53B)&,--bS)&A19&53%&61%839559&5/016A553&11/&98//137"%"1&1/&11/&11/F1"0%;$6%9B H1& 41=68"#91& A119359& 08;9&"/ & 2116&%/13& F19& &"/& 01213:01& 6"?F9"/4)& ;5560$$6& 0"716%"91"9& 7160;D/9B& P$$6& 11/& A16"9$?659"1& "%& 0"9& >6$=31A59"%?F)& ;5/9& 05560$$6& ;$609& 65/4%?F"##"/4& 75/& 01& =1%91/& F$1& 35/416& F$1& A$1"3D#16B& U71/98131& 716%?F"331/& A$191/& 05/& "/& 1g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`1?9&$>&01&6153"91"9&75/&F19&;16#)&53%& $>&01&A19"/4B&./&01&6153"91"9&3559&A1/&0"1&5?9"7"91"91/&75331/&0"1&91&;1"/"4&A /&1/& :$?8%9&A1/&$>&5?9"7"91"91/&;556A11&16&%/13&91&$,*-"1#7539B&!>&F19&735#&75/&01&A19"/41/& ;$601/&01&61%839591/&2$7113&A$413D#&"/&01&V8"%91&6"?F9"/4&41A5/">831160)&;556=D&01& %95>&/556&716753%"/4&2116&#31"/&"%B&H"9&"%&01&^+*"`&_)&11/&=1/5A"/4&8"9&F19&a953"/9D0>16#& 16!"#$%&'()&*+,-**

14 V564$/& T+%"# $+&+$O& F119)& 01& %959"%9"1#1/)& $A& 9$?F& A556& 01& 41;1/%91& /$6A& 91& =1F531/B& W"160$$6&$/9%9559&16&11/&>5>"161/&;16#13D#F1"0&0"1&"/&9$1/1A1/01&A591&716%?F"39&75/& 01&1?F91B 0550&/"19&2$&11/7$80"4&91&A191/)&A556&01&/"18;1&=822;$60%&4171/&;13&0"1&"/068#]& $/016;D%61/01A1/9)&$89>89)&65/#"/4)&=1/?FA56#%)y&Z16&$716;14"/4]&2149&F19&55/953& $7163D01/%& >16& A55/0&"19%& $716& 01&#;53"91"9& 75/& 11/& 2"1#1/F8"%q&!:& $716& F19&%$$69& >59"E/91/&059&21&$>/1A1/q&K149&F19&55/953&41%355401&31163"/41/&"19%&$716&01&#;53"91"9& 75/& 11/&%?F$$3q&!:& $716& 01&%$?"531& =8869& 75/& 0"1&%?F$$3q& K149& F19& 55/953& 41%355401& A5%916%9801/91/& "19%& $716& 11/& 8/"716%"91"9q&!:& $716& 01& $89>89I/5/?"E6"/4& 75/& 0"1& 8/"716%"91"9q& M3%& D#1&?D:16%& 0113& 455/& 8"9A5#1/& 75/& F19& "1%J%911A)& 1/& 08%&A101=1>531/0&2D/&7$$6&01&%8=%"0"E6"/4)&05/&28331/&%$AA"41&2"1#1/F8"21/&/"19& /&$A&916A"/531&>59"E/91/&13016%&$/016&91&=61/41/)&/19&2$53%&F113&;59&%?F$31/& F8/&%3554?6"916"5&55/>5%%1/B&./&=1"01& /&253&01&#;53"91"9&%9D41/B&!>&>5>"16B& U1/& >D/3D#1&?5%1%980J& "/& 0"9& 716=5/0& "%& F19& 35416& 1/& A"0013=556& $/016;D%& "/& n101635/0& Of$61/2)&,--eSB& a10169& *RR-& ;1601/& 16& 11/& 55/953& "/46D>1/01& ;D%716=1916"/41/_& 0$$6417$160)& 913#1/%& 8"94105?F9& 0$$6& 1g916/1& ^>6$?1%A5/5416%_B& H1& "1%& 75/& 0121& 716/"18;"/41/)& 8"9417$160& 0$$6& 01213:01&"/%95/9"1%)& =31#1/& $/7165/0160&>$%"9"1:&91&2D/B&M331&/1459"171&615?9"1%&75/&$>&01&73$16&;1601/&5:41055/& F5/#13D#&75/&0121&"/%95/9"1%&11/&43$=531& "1&0$$67$1601&1/&A$1%9&75%9%91331/&059& 01&=5%"%?$A>191/9"1%&75/&61#1/1/&1/&9553&2$64;1##1/0& &;561/y&K1&%>61#1/& U1/& $645/"%59"1& 0"1& /01& 35/4161& 9D0& A16"9$?659"%?F& 4168/0& ;$609)& 1"/0"49& "/& 11/& 5/9"A16"9$?659"%?F1& "A>5%%1B& W19& 5/9"A16"9$?659"%?F1& 5%>1?9& 3"49& "/& F19& :1"9& 059& 01& A19"/41/& 75/& ^6"-4+O& /5& 7163$$>& 75/& 9D0& 11/& 213j1%91/0"41/0& 1`1?9& #6D41/h& 01& "A>5%%1& 3"49&"/& F19&:1"9& 059& 01& $>3$%%"/4& 05567$$6&"/&/$4& AGG6& A16"9$?659"1& 412$?F9& ;$609)&;5560$$6&16&11/&%968?986131&A"%38##"/4&$/9%9559&Oa;"16%965&Q&Z$/#1/%)&,--e)& >B'(SB&H"9&"%&=D/5&"/98t9"1:&=146D>=556]&8"9&F$$:01&75/&0"9&%J%911A&#$A1/&01&;"//556%& 2116&%/13&55/&01&9$>)&A19&53%&417$34&059&2D&/5&#$691&9D0&213:&01&A119359&#8//1/&455/& 01I/"E61/& "/& 01& 6"?F9"/4& 0"1& F1/& F19& =1%9& 8"9#$A9)& ;5560$$6& 01& /"18;1& F"E656?F"1& 213j171%9"41/0&;16#9B&H"9&7539&91&3121/&"/&$/417116&13#1&%980"1]&/5&11/&55/75/#13D#& 0J/5A"%161/0&1`1?9&71625/09&11/&A16"9$?659"1&"/&11/&%959"%?F1&F"E656?F"1&0"1&"101611/& $>&2D/&>3559%&F$809B T$71/0"1/&"/% & 11/& A16"9$?659"1& $/716AD013D#& 11/&?$/?8661/9"1& 98%%1/& 01& "/0"7"081/)&&;5560$$6&%$3"056"91"9&1/&41A11/%?F5>%417$13&7160;D/1/B&./&?$A="/59"1& A19&F19&1g916/1&A119%J%911A&716$$6255#9&0"9&;59&716A$1013D#&F19&A11%9& D#1& 417$34&"%]&01&19F"1#&7160;D/9B&P6$1416&7$1301&"1A5/0&2"?F&0113&75/&11/&41A11/%?F5>)& "/%9133"/4&$:&$645/"%59"1&1/&"01/9"I?11601&FD&2"?F&$$#&A19&01&19F"1#&055675/B&n8&%9559& F19&"/0"7"08&3D/61?F9&9141/$716&01&$645/"%59"1)&;556=D&=1"01&>569D1/&53311/&A556&8"9& >8/9]&11/&8/"716%113&14$t%A1B W19&7160;D/1/&75/&01&19F"1#&1/&01&9141/%9133"/4&98%%1/&"/0"7"08&1/&$645/"%59"1& 716>3"?F91/& 9$9& /$4& A116& "/41/)& "1%& 1/& A19"/41/)& ;5560$$6& 01& 75/& 01& $645/"%59"1& 1/& 01& #;53"91"9& 75/& 01& 5: & >6$08?91/& /$4& A116& 17

15 "/& F19& 41065/4& #$A1/B& H1& =86158?659"1& L& /8& =1/$1A0& 53%& ^A5/541A1/9_& L& /11A9& 1g>$/1/9"113&9$1)&;5560$$6&11/&55/953&#1/A16#1/&$/9%955/&0"1&$$"9&9J>161/0&;561/& 7$$6& F19& %9559%?$AA8/"%A1]& 11/& 9$953"95"61& =1%9886%7$6A& 41=5%1160& $>& >16A5/1/9& 9"%?F&=1%913&1"/0"49&A19&;59&21&$$6%>6$/#13D#&>6$=11601&91&=1%96D01/]&11/&716%95601& $645/"%59"1&A19&11/&1X?"E/9"1&0"1&53311/&$>&>5>"16&=1%9559B!""#$%&"''()*+(,-(./)-(0 U1/&#5>"953"%9"%?F1&A16"9$?659"1&7539&%9"3&$>&46$/0&75/&01&>596"A$/"8A16:13D#F1"0)&11/& $/016;D%A16"9$?659"1&$>&46$/0&75/&%$?"531&16:13D#F1"0&O[13%)&,--rSB&&U1/&/1$3"=16531& A16"9$?659"1&?$A="/1169& 0121& 9;11& 1/& "/% & 11/& /"18;1& %959"%?F1& %?F5>>D&7"5&01&?$A="/59"1&0">3$A5_%&1/&4130)&;556="//1/&01&9$>&01&1"41/&>6"7"3141%& /"19&53311/&2$647830"4&=1;55#9)&A556&$$#&417$13"4&4559&8"9=61"01/B&z$/?6119&=191#1/9& 0"9&11/&2116&%/1331&9$1/5A1&75/&*19"'L:%"4/&98%%1/&01&716%?F"331/01&%$?"531&#35%%1/B&&!>&A559%?F5>>13D#&735#&F11Y&0"9&=101/#13D#1&417$341/B&H1&A"001/#35%%1&"%&55/& F19&7160;D/1/&1/&16&$/9%9559&11/&#31"/1&9$>46$1>&=$71/$>&11/&46$91&$/016#35%%1B&H1& $*,4&'"#="-%*(/419"1&055698%%1/&;$601/&F$1&35/416&F$1&46"AA"416B&H1&9$>46$1>&#D#9& /116&$>&01&$/ )&;5/9&"/&F8/&6101/16"/4&"%&F19&01&%?F830&75/&0"1&$/ &53%& 2D&"/&01&4$$9&2"N1/B&^a?F830_&;$609&=1461>1/&"/&916A1/&75/&O91&;1"/"4S&"/219&1/&9531/9B& C556&0"1&9$>46$1>&171/98113&F83>&="109)&"%&0"9&%9110%&$/016&01&7$6A&75/&^5"'0&-"O&$:& ;13050"4F1"0&L&"/&F8/&$41/&7160"1/9&0"1&$/016#35%%1&411/&F83>B&W"16=D& &A1/& 41A5##13D#F1"0%F5371& 01& 1`1?91/& 75/& 19/"?"91"9)& %$?"531& #35%%1)& $80160$A)& 2"1#91)& 9141/%354)& 1/& 213:%& 41/016B& C59& 0"9& 3559%91& =1961Y]& Q%"# a2$"-="-& OR& 5848%98%&,--RS& 65>>$691169&11/&9$1/1A1/01&0"%?6"A"/59"1&75/&2;5/4161&76$8;1/&1/&A$1016%&$>&01& ;16#73$16&1/&01&16756"/4&;D%9&8"9&059&11/&?566"v61&2116&A$1"3D#&?$A="/116=556&"%&A19& A$1016%?F5>h& 01& 8/"716%"91"9& "%& 0556& F113& 21#16& 411/& 8"92$/016"/4& $>B& \16"9$?659"1& %38"9&>16:1?9&55/&=D&01&9J>"%?F&A5//13D#1&:533$?1/96"%?F1&?$A>19"9"1)&1/&01&=3$10"41& $>4131"01&76$8;1/B H1&$/01646$1>&=61/49&0"9&5331%&/598863D#&;13&"/&61#1/"/4)&716;D9&01&9$>&566$45/9"1& 1/&41=61#&55/&213u6"9"1#&1/&"/&9$1/1A1/01&A591&$$#&213j17$$6013"/4B&H1&=$$0%?F5>& 0"1& 01& 7163"1216%& 91& F$61/& #6D41/)& %9559& F55#%& $>& ;59& 2D213:& /B& P5/& =8"91/5:& #3"/#9&F19&059&F8/&A"%38##"/4&F8/&7165/9;$$6013D#F1"0&"%h&75/&="//1/8"9&7$131/&21& 9"1#)&A556&F19213:01&41309&171/2116&$>&#31"/161&%?F553]&01&%95>>1/&98%%1/&716/1016"/4)& ;5/F$$>)&;655#417$131/%&1/&05568"9&7$$6973$1"1/0&41;130&2D/&2116&#31"/B&W19&"%&/"19& 2$&A$1"3D#&$A&F"16&01&"/:5/9"3"%16"/4%9F1%"%&75/&a1//1N&91&F16#1//1/)&%5A1/&A19&01& 1"%&/556&61%>1?9B F1"0)&;59&$>&2D/&=1869&11/&=6$/&75/&Y41'**$#9"5"'/&;$609)&53%&A5?F913$21&$>%95/0&75/& 01&$/A5?F9"41/B&H"9&"%&/"19&2$2116&01&617$389"1&;556A11&l$8/4&2D/&=$1#&1"/0"49h&53%&?3"/"?8%&0$19&0"9&AD&116016&01/#1/&55/&213:716;$/0"/4%410654&75/&"1A5/0&0"1&13#1& 4611>& $>& 2D/& 3171/& 7163$61/& F11YB& s198"41& 01& $/38%91/& "/&,--'& "/& 01& d65/%1& %9101/)&716$$6255#9&0$$6&11/&=17$3#"/4%46$1>&0"1&/"19%&A116&91&716;5?F91/&F11Y&1/& F556& 1"41/&;D#1/& 716/"1301B& H"9& 8"92"?F93$21&;160& 05/&/$4& 11/%& =171%9"40& 0$$6& 01& 068#61"/"416&O^:b-,%"-+%"-&)4"OS&75/&%96559& &A$1%9&;$601/B 18!"#$%&'()&*+,-**

16 H"1&615?9"1&75/&a56#$2J&"%&F1355%&411/&8"92$/016"/4&1/&"%&11/&417$34&75/&11/&$>& F19&116%91&412"?F9&7611A01&F101/0554%1&>5650$g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m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`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g$6="95/91&>61A"1%&9$1&1/&213:%&0"61?9186%&75/& $716F1"0%=106D71/&7160"1/1/&75/0554&:$698"/1/B U1/7$80&"%&F19&#1/A16#&75/&01&;556F1"0)&2$&38"09&F19&%>611#;$$60)&1/&0"9&"%&2$/016& 9;D:13&75/&9$1>5%%"/4&$>&01&%980"1&75/&C"3#"/%$/&1/&["?#1N&O,-*-SB&H"9&"%&11/&2116& /&%$?"$3$4"%?F&;16#)&059&95=13&/5&95=13&%917"4&$/016=$8;01&716=5/01/&9$$/9& 98%%1/&0"1&"/#$A1/%$/413D#F1"0&O53%&417$34&75/&01&A16"9$?659"1S&1/&5/0161&:5?9$61/B& H1&589186%&41=68"#1/&$X?"E31&?D:16%&75/&01&U86$>1%1&x/"1&$A&01&U86$>1%1&35/01/& $/0163"/4& 91& D#1/)& 1/& 75/& 01& xbab& $A& F19213:01& 91& 0$1/& A19& 01& 716%?F"331/01& MA16"#55/%1&%9591/B&H1&?D:16%&2D/&6$/08"9&F5338?"/5/9B&m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`1?91/)&$>&2"?F& "%&0"9&$$#&53&11/&417$34&75/&11/&716#11601&A559%?F5>>13D#1&$645/"%59"1B&H1&589186%& 9$/1/&A$$"&55/&059&11/&016413D#1&A559%?F5>>D&171/11/%&41#1/A16#9&;$609&0$$6&11/& %J/06$$AB&H1&61A10"1&"%&=D417$34&/"19&2$&A$1"3D#]&=1>16#&01&"/#$A1/%$/413D#F1"0& 19

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n556& 55/31"0"/4& 75/& 01& 4105?F91;"%%13"/4& 7$341/0& $>& 01& 312"/4&"/& n"18;>$$69& $>&,r&&5848%98%)&7$14&"#&9;11&25#1/&9$1b &A19&01&>$%"9"171&1`1?91/&2$53%&"#&0"1&213:&167561/&F1=&$>&01&8/"716%"91"9B&H1& 76554&"%&F$1&;1&0"1&>$%"9"171&5%>1?91/&#8//1/&=1F$801/&1/&01&/1459"171&716AD01/B&./&AD/&16756"/4&354&F19&#5/913>8/9&"/&01&#;5/9"I?16"/4&75/&01&T6"-4+$O)&;5560$$6&11/& 55/953& 25#1/& /"19& A116& "/& 61#1/"/4& #$/01/& ;$601/& 41=65?F9& 1/& ;5560$$6& 412$/0& 716%95/0& 8"941%?F5#130& ;160)& $:]& 01& ^$=V1?9"171_&?D:16%& A$191/& /8& 11/A553& 417$340& 959"171&;14"/4)&;5%&01&=535/%&>$%"9"1:B&H1&"011&059&5331%&#;5/9"I?116=556&"%&="//1/& $/0162$1#)&$/016;D%)&0"1/%91/&1/&2$64%1?9$6&A$19&06"/41/0& /&;$601/)&;5/9& >61?"1%&059&"%&0$013D#&7$$6&F19&9J>"%?F1&#565#916&75/&0"1&>65#9D#1/B./& F19& 1"41/3D#1& >6$08?9"1%J%911A& L& F19& =106D:%3171/& 53%& 08%05/"4& L& 2D/& 11/& 55/953& =106D71/&$/01698%%1/&53&$>&F8/&%95>>1/&55/&F19&91684#161/]&16&;$609&;116&A116&/556& 01&A1/%1/&^$>&01&73$16_&4138"%9160)&1/&^1A>$;16A1/9_&7"/09&53%&916A&$>/"18;&"/45/4B&.#&7"/0&0"9&/"19&11/%&2$&7611A0]&C"3#"/%$/&O,--')&>Bk-(S&9$$/9&F113&A$$"&55/&059&>61?"1%& D#1&=106D71/&11/&7GG3&F$4161&1X?"E/9"1&1/&11/&7113&F$4161&>6$08?9"1&F1==1/& 05/&0121&0"1&F19&/1$3"=16531&A16"9$?659"%?F1&%J%911A&7$341/B&U1/&55/953&A1/%1/&"/&01& "/08%96"1&=14"/9&0"9&91&=146D>1/)&1/&961#9&0556&01&/$0"41&?$/?38%"1%&8"9B&.#&7611%&059&0"9& $A&716%?F"331/01&6101/1/B&U16%9&1/&7$$653&;160&0"9&%J%911A&"/&0"1&%1?9$61/&>5%&35916& "/417$160&O"/&716413D#"/4&A19&F19&=106D:%3171/S)&;5560$$6&A1/&01&/1459"171&1`1?91/& $$#&>5%&35916&#5/&2"1/B&T$71/0"1/&"%&01&?$/96$31&$>&01&/1459"171&1`1?91/&1675/&7113& A$1"3D#16)&>61?"1%&$A;"331&75/&F19&:1"9&059&01&A19"/41/&75/&1X?"E/9"1&1/&^$89>89_&"/& 0"1&%1?9$61/&/$$"9&$>&01213:01&$71698"41/01&A5/"16&#5/&41=1861/&53%&"/&01&"/08%96"1B& H1&#5/%& 059& F19& 2$41/55A01& 1"5#)(2'4,# 6&1&9"6"1+& 01&#$A1/01& V561/&/$4& 46$9161& %&253&716$$625#1/&"/&$/016;D%&1/&2$64%1?9$6)&"%&76D&46$$9B 20!"#$%&'()&*+,-**

18 Bio [583& P16F514F1& "%& #3"/"%?F& >%J?F$3$$4& 1/& >%J?F$5/53J9"?8%B& WD& "%& F$$ & 55/& 01&x/"716%"91"9&s1/9B&\19&Q($$"1#%8$+"-4"#"1#=-*(5&O*RR(S&1/&a="-#1*-6&'4+"4+#"1#&1/"-"# >8=3"?11601&FD&<"+#"41/"#=&1#/"#)$8,%*+%"-&)4"B Noten * H121&91#%9&"%&01&/116%354&75/&01&V5563D#%1&!"#$%312"/4)&10"9"1&2$A16&,-*-B, \19& /1$3"=1653"%A1& ;$609& F"16& 7$$653& 11/& A11/0& 76D1A56#901/#1/& =10$130)& 53%& 31"06550&7$$6&2$;13&01&1?$/$A"1&53%&01&>8=3"1#1&%1?9$6B&T"//1/&01&>8=3"1#1&%1?9$6&%>611#9& A1/959"1&75/&0"9&A$013B& k!716"41/%& 41309& 0"9& 75/0554& 7$$6& F19& A161/0113& 016& 8/"716%"91"91/& O2"1& T$$A#1/%)&,--eh& f$61/2)&,--esb&n556&5/53$4"1&a19&569"#13%&$716&01&;16#"/4&75/&:56a5?189"%?f1&>6$08?91/&0$$6& 25#13D#1&0"%?35"A16)&7$$653&"/&F19&3"?F9&75/&;59&7$349]&0"9&569"#13&"%&/"19&41%?F6171/&$>&46$/0& 75/& 11/& 41:68% &?566"v61h& 05/#& 2D& 01& 116%91)& 0J/5A"%?F1& 4$3:& 75/& A16"9$?659"1& F1=&"#& $>&61359"1:&#$691&9D0&01&F$$4%91&65/4&=161"#9&O>6$:1%%$6&$60"/56"8%SB&[61?"1%&0121&>$%"9"1&%9559& AD& 9$1&#6"9"1#& 91&:$6A83161/)& 11/& 76DF1"0& 0"1& 01& V$/4161&?$33145_%& $/01655/& 01& &/$4& /58;13D#%&F1==1/B b n5&f19&613"4"1821&1/&f19&;191/%?f5>>13d#1&7169$$4&"%&75/0554&f19&/1$3"=16531&7169$$4&"/&f19& =12"9&75/&01&A5?F9B&H"9&#5/&7$341/%&01&#35%%"1#1&d$8?5839"55/%1&% &55/419$$/0&;$601/]& A56#N16A1/& 716%?FD/1/& "/& >65#9D#1/& ;556& 21& 9650"9"$/113& /"19& 9F8"%F$61/B& z$/?6119]& 13#1& =131"0%91#%9&$716&$/016;D%&1/&2$64&>8"39&75/0554&8"9&75/&916A1/&53%&1X?"1/?J)&61/01A1/9)& $89>89I/5/?"16"/4)& =1/?FA56#%)& %95#1F$3016%)& 5??$8/95="3"9J)& >16:$6A5/?1& :8/0"/4)y& 1/& A116&1/&A116&A1/%1/&=14"//1/&0"9&/$6A553&91&7"/01/B Bibliografie T5="5#)&[B&Q&W561)&iB&O,--(SB&Z1&:"$#41#Z(4+$;#!%"1#c$8,%*)&+%$#S*#+*#!*-:B,i145/T$$#% T58A5/)&KB&O*RRRSB&J1#$"&-,%#*0#)*'4+4,$B,a95/:$60)&a95/0:$60&x/"716%"9J&[61%%B& T164)&UB)&T566J)&wh&Q&zF5/0316)&wB&O,--bSB&ZF1&n1;&[8=3"?&\5/541A1/9&5/0&W"4F16&108?59"$/]&M& W8A5/&z$%9q_&O,--bSB&./&H1/9)&\B)&zF5/0316)&wB&5/0&T566J)&wB&OU0%S&d("$+4*1419#+%"#e"5#c(2'4,# T$$A#1/%)&iB&O,--eSB&Z$>#"9%?F&1/&%3$;&%?"1/?1B&m6"9"1#&75/&01&5?501A"%?F1&6101B&MA%91605A)& T$860"18)&[B&O*RR(SB&a1#Q"'"=4$4*1B&n1;&l$6#)&n1;&[61%%B H536JA>31)&ZB&O,--bSB&f171/&55/&01&$/016#5/9B&W19&%J%911A&059&01&$/016#35%%1&"/&%95/0&F$809B& MA%91605A]&x"941716D&W19&a>1?968AB d$8?5839)&\b&o*rr'sb&z(-="4''"-#"+#)(14-b#e&4$$&1,"#/"#'&#)-4$*1b&[56"%]&s533"a560b&n101635/0%1& "/4]&F4$,4)'41".#+*"Y4,%+#"1#$+-&0B#F"#9"2**-+"#=&1#/"#9"=&19"14$B&W"%9$6"%?F1&x"941716D)& s6$/"/41/)&*rerb f5?5/)&wb&o*r((sb&f1&a9501&08&a"6$"6b&./]&u?6"9%)&[56"%)&a18"3b f5?5/)&wb&o*rrksb&f1&aga"/5"61)&3"761&.]&f1%&o85961&?$/?1>9%&:$/05a1/958g&01&35&>%j?f5/53j%1b& [56"%)&a18"3B& f16/16)&\bwb&o*re-sb&q%"#c"'4"0#41#&#f($+#!*-'/b&n1;&l$6#&1/&f$/0$/)&[31/8a&[61%%b f$61/2)&&zfb&o10bs&o,--esb&j0#8*(#&-"#$*#$6&-+.#5%8#&-"1o+#8*(#-4,%u&g14="-$4+"4+.#6&-:+#"1#6&1&9"6"1+b& MA%91605A)&T$$AB& \?n5a11)&ab&q&\"3316)&ib&o,--bsb&q%"#i"-4+*,-&,8#i8+%b&n1;&l$6#)&i$;a5/&q&f"n31i130& >8=3"%F16%B 21

19 !"#$%&'()&*+,-** 22 \$t%")&hb&o,--rsb&h1&41$>$3"9"1#&75/&1a$9"1b&w$1&?839861/&75/&5/4%9)&716/1016"/4&1/&f$$>&01& ;16130&7165/0161/B&MA%91605A]&n"18;&MA%91605A&x"941716%)&>>B&*&L&,beB& [1#13F56"/4)&[B&Q&a;"16%965)&ZB&O,--eSB&z$A>19"9"1&$>&5331&:6$/91/B&W"%9$6"%?F1&1/& A559%?F5>>13D#1&5?F91646$/01/&=D&01&$>#$A%9&75/&F19&A16"9$?659"%?F1&"01553B&./]& a;"16%965)&zb&q&z$/#1/%)&ub&o10%bsb&f"#2"$+"#/"#2&&$u#c-"$+&+4".#-"$)",+#"1#$*'4/&-4+"4+#41#""1# [13%)&H"?#&O,--rSB&F"#",*1*64"#=&1#/"#""-B#H"1#14"(5"#=4$4"#*)#="-/4"1$+"#"1#2"'*1419B&MA%91605A]& MA=$B a1//1n)&ib&o,--esb&q%"#[-&`$6&1b&l531)&x/"716%"9j&[61%%b& a1//1n)&ib&o,--r&~,--bb&f"#,('+((-#=&1#%"+#14"(5"#:&)4+&'4$6"b&p &0$$6&cb&75/&[55%%1/b& a1//1n)&ib&o,--ksb&r"$)",+#41#&#!*-'/#*0#j1"3(&'4+8b&n1;&l$6#)&f$/0$/)&n$69$/&?$a>5/j)&>>b&*&l&,eeb a1//1n)&ib&o*rresb&q%"#[*--*$4*1#*0#[%&-&,+"-b#q%"#c"-$*1&'#[*1$"3("1,"$#*0#!*-:#41#+%"#e"5# [&)4+&'4$6B&n1;&l$6#)&f$/0$/)&n$69$/&z$A>5/J)&>>B&*&L&*r(B a3$9160d#)&[b&o,--(sb&<"+#:-4$+&')&'"4$b#h"1#w'*$*w"#=&1#/"#9'*2&'4$"-419b&ma%91605a)&axnb a$/954)&ab&o*rresb&j''1"$$#&$#6"+&)%*-b#w56a$/0%;$69f)&["/48"/b a89f1635/0)&ab&o,-*-sb&j--&+4*1&'4+"4+b&x"941716d&n"18;12d0%)&,-*-&o$$6%>6$/#13d#1&u/413%1&10"9"1& *RR,SB a;"16%965)&zb&q&z$/#1/%)&ub&o,--esb&\16"9$?659"1&1/&01&16$%"1&75/&213:61%>1?9b&./]&a;"16%965)&zb&q& Z$/#1/%)&UB&O10%BSB&F"#2"$+"#/"#2&&$U#c-"$+&+4".#-"$)",+#"1#$*'4/&-4+"4+#41#""1#6"-4+*,-&+4"B&a980"1%& Z$/#1/%)&UB&Q&a;"16%965)&ZB&O,--eSB&\11938%9]&01&;"3&9$9&A191/B&./]&a;"16%965)&ZB&Q&Z$/#1/%)&UB& O10%BSB&F"#2"$+"#/"#2&&$U#c-"$+&+4".#-"$)",+#"1#$*'4/&-4+"4+#41#""1#6"-4+*,-&+4"B&a980"1%&$716&[$3"9"1#1& P5/&H1/&T164F1)&sB&O,--eSB&F"#6"1$#=**-2LB#\**-(4+9&19#"1#6&&:2&&-%"4/#hijkE#KkjkB&M_05A+ M/9;16>1/)&\1831/F$`+\5/9158)&>>B&*&L&ke-B P5/F1831)&aB)&f"176$8;)&MB&Q&P16F514F1)&[B&O,--kSB&T86/$89&5/0&./916%8=V1?9"7"9J]&M& P5/F1831)&aB)&Q&P16F514F1)&[B&O,--RSB&.01/9"9J&9F6$84F&5&>%J?F$5/53J9"?&3$$#"/4&435%%B&Q%"*-8#&1/# P16=68441)&MB&O,--bSB&QL/#=&1#*12"%&9"1B#m4'*$*W$,%"#"$$&8$#*="-#""1#,('+((-#*)#/-4`B&nDA141/)& a8/)&r 01 P16F514F1)&[B&O,--RSB&<"+#"41/"#=&1#/"#)$8,%*+%"-&)4"B&MA%91605A)&H1&T12"41&TDB& a8>>$6910&[%j?f$9f165>"1%]&m%%8a>9"$/%)&d"/0"/4%)&5/0&i1>$69"/4&"/&z$/96$3310&z3"/"?53& C"3#"/%$/)&iB&O,--'SB&Q%"#J6)&,+#*0#J1"3(&'4+8B#<*5#+*#6&:"#$4,:#$*,4"+4"$#%"&'+%4"-B&f$/0$/&5/0&n1;& l$6#)&i$ b C"3#"/%$/)&iB&Q&["?#1N)&mB&O,-*-SB&Q%"#Z)4-4+#V"="'B#!%8#H3(&'4+8#4$#C"X"-#0*-#H="-8*1"B&f$/0$/)& ["/48"/&=$$#%B f$/0$/)&9fa1%&5/0&fx0%$/b&n101635/0%1&716953"/4]&a):*6$+#=&1#/"#6"-4+*,-&+4"#hopkekknnb# H$$&8#*="-#*1/"-5L$#"1#9"'L:%"4/B&P &1/&=1;16#9&0$$6&aVBs6$1/A5/&1/&[BP53#1/=864FB& MA%91605A)&\1831/F$`)&, 01 &10"9"1&*Rr(B

WISKUNDIGE OPGAVEN MET DE OPLOSSINGEN

WISKUNDIGE OPGAVEN MET DE OPLOSSINGEN WISKUNDIGE OPGAVEN MET DE OPLOSSINGEN DOOR LEDEN VAN MET WISKUNDIG GENOOTSCMAP TER SPREUKE VOERENDE LEN ONVERMOEIDE ARBEID KOMT ALLES TB BOVEN Ia~~;o_ IO~~4 NEGENTIENDE DEEL BOEKBINDERrJ K I ~ V I T ST

Nadere informatie

Bureau informatie. wie, wat, hoe (zo) en waarom...? m.a.w. wat onderscheidt ons...? t.b.v. private sector

Bureau informatie. wie, wat, hoe (zo) en waarom...? m.a.w. wat onderscheidt ons...? t.b.v. private sector Bureau informatie t.b.v. private sector wie, wat, hoe (zo) en waarom...? m.a.w. wat onderscheidt ons...? De Vri esh ase lho ff Co pyr igh t 201 0. Dit rap por t, wa aro p het aut eur sre cht van toe -

Nadere informatie

H15 GELIJKVORMIGHEID VWO

H15 GELIJKVORMIGHEID VWO Hoofstuk 5 Gelijkvormighei VWO 5 Vergroten en verkleinen a 5 a 9 riehoekjes, zie plaatje: a 0,5:,9, en :, ij 9 inh 7 0,5,57 m ij 7 5 5,9 5,95 m 6,9 0,7 m 9 e 6 a a Die van ij Die van 0 ij 0, ie van 8 ij

Nadere informatie

Havo wiskunde D Vectoren en meetkunde

Havo wiskunde D Vectoren en meetkunde Havo wiskunde D Vectoren en meetkunde Inhoudsopgave Vectoren en meetkunde 1 Vectoren 1 2 Vectoren in een assenstelsel 7 3 Vlakken en lijnen in de ruimte 13 4 Rekenen in de ruimte 17 5 De cosinusregel 27

Nadere informatie

C. von Schwartzenberg 1/20. Toets voorkennis EXTRA: 3 Differentiëren op bladzijde 156 aan het einde van deze uitwerking.

C. von Schwartzenberg 1/20. Toets voorkennis EXTRA: 3 Differentiëren op bladzijde 156 aan het einde van deze uitwerking. G&R havo B deel Differentiaalrekening C von Schwartzenberg /0 Toets voorkennis EXTRA: Differentiëren op bladzijde 56 aan het einde van deze uitwerking a f ( ) 5 7 f '( ) 8 5 b g( ) ( 5) 5 g '( ) 6 0 c

Nadere informatie

Proces-verbaal van de verkiezingsuitslag van prov nciale staten

Proces-verbaal van de verkiezingsuitslag van prov nciale staten Model P - Proces-verbaal van de verkiezingsuitslag van prov nciale staten Met dit formulier doet het centraal stembureau verslag van de zitting waarin de uitslag is vastgesteld van de verkiezing voor de

Nadere informatie

Blok Veld Competitie Wedstrijd Speeldatum Tijd Thuisteam Uitteam Scorer Timer 24-seconden Scheids 1 Scheids 2 2015111 1 L Veld vrij

Blok Veld Competitie Wedstrijd Speeldatum Tijd Thuisteam Uitteam Scorer Timer 24-seconden Scheids 1 Scheids 2 2015111 1 L Veld vrij Week 201511 Commissaris 0 2015111 1 L Veld vrij 2015112 1 M / C ZX121A FC zo 15-03-15 1300 BC Kimbria X2 1 Blauw-Wit X2 1 Ouders Ouders Voogd Adri Rouvroye Malou 2015113 1 R Veld vrij 2015114 2 L ZDS1B

Nadere informatie

Productie / Production 3. Delfts Blauw / Delft Blue 7. - Traditioneel / Traditional 7. - Voor kinderen / For children 35. - Servies / Tableware 36

Productie / Production 3. Delfts Blauw / Delft Blue 7. - Traditioneel / Traditional 7. - Voor kinderen / For children 35. - Servies / Tableware 36 Catalogus / Catalog 2 Inhoud/Index Handgeschilderd Delfts aardewerk / Hand painted Delft earthenware Pagina / Page Productie / Production 3 Delfts Blauw / Delft Blue 7 - Traditioneel / Traditional 7 -

Nadere informatie

Hoofdstuk 12. Sommen van kwadraten. 12.1 Sommen van twee kwadraten

Hoofdstuk 12. Sommen van kwadraten. 12.1 Sommen van twee kwadraten Hoofdstuk 12 Sommen van kwadraten 12.1 Sommen van twee kwadraten In Hoofdstuk 11 hebben we gezien dat als p een oneven priemdeler van a 2 + b 2 is, en p deelt niet zowel a als b, dan is p gelijk aan 1

Nadere informatie

provinciale staten Proces-verbaal van de verkiezingsuitslag van de Model P 22-2 2. Zitting 1. Verkiezing 3, Aantal stemmen per lijst en kandidaat

provinciale staten Proces-verbaal van de verkiezingsuitslag van de Model P 22-2 2. Zitting 1. Verkiezing 3, Aantal stemmen per lijst en kandidaat Model P - Proces-verbaal van de verkiezingsuitslag van de provinciale staten Met dit formulier wordt verslag gedaan van de zitting waarin de uitslag is vastgesteld van de verkiezing voor de provinciale

Nadere informatie

OPQ OQ PQ p p p 3 p. C. von Schwartzenberg 1/27 A = O = = 1 1 2 = 1 1 1 = = = =. = = 1. ax A( ) 2 8 2 8 6 3 6.

OPQ OQ PQ p p p 3 p. C. von Schwartzenberg 1/27 A = O = = 1 1 2 = 1 1 1 = = = =. = = 1. ax A( ) 2 8 2 8 6 3 6. G&R vwo deel Toepassingen C von Schwarzenberg /7 a PQ y Q f ( O OPQR OP PQ b PQ yq f ( p p p OOPQR OP PQ p p p p c p p (opie maimum ma, (voor p,7 a OQ Q P p en PQ yp f ( p p O OPQ OQ PQ p p p p b d + p

Nadere informatie

Exclusief interview met Geert Mak op www.knack.be/mak

Exclusief interview met Geert Mak op www.knack.be/mak OB54660 een monumentaal boek met prachtige passages en een schat aan informatie. (...) In dit boek heeft Mak minstens zoveel goede momenten als zijn illustere voorganger. En qua betrouwbaarheid wint hij

Nadere informatie

MARSEILLE du 18/07/14 International Femelles. Lâcher: le vendredi 18/07/14 à 06 h 45 700 Amateurs - 2801 Pigeons Mise à jour le03/08/14 à 17:47:22

MARSEILLE du 18/07/14 International Femelles. Lâcher: le vendredi 18/07/14 à 06 h 45 700 Amateurs - 2801 Pigeons Mise à jour le03/08/14 à 17:47:22 MARSEILLE du 18/07/14 International Femelles Lâcher: le vendredi 18/07/14 à 06 h 45 700 Amateurs - 2801 Pigeons Mise à jour le03/08/14 à 17:47:22 Pl. Nom Localité Mar Sur Bagues H_Réelle Dist. Vitesses

Nadere informatie

PROVINSJE FRYRI AN. Doc. nr.: Class, nr. 1 Ingek.: Afdeling. Beh. door: voor k ennisg. aangenomen/tel. afgedaan. telefoonnummer. h.brand@dlv.

PROVINSJE FRYRI AN. Doc. nr.: Class, nr. 1 Ingek.: Afdeling. Beh. door: voor k ennisg. aangenomen/tel. afgedaan. telefoonnummer. h.brand@dlv. PROVINSJE FRYRI AN JDLY Doc. nr.: Class, nr. 1 Ingek.: 0 «Ott 20U Provincie Friesland Afd. Stad en Platteland Postbus 20120 8900 HM LEEUWARDEN Afdeling. Beh. door: Afd. Hoofd 1 ArVB., wsken voor k ennisg.

Nadere informatie

Noordhoff Uitgevers bv

Noordhoff Uitgevers bv Voorkennis V-1a De punten op een afstan van 3 m van lijn l liggen op twee lijnen evenwijig aan l. De punten op een afstan van 5 m van punt liggen op een irkel met straal 5 en mielpunt. De vier snijpunten

Nadere informatie

Hoofdstuk 10 - Grafieken, vergelijkingen en ongelijkheden

Hoofdstuk 10 - Grafieken, vergelijkingen en ongelijkheden Hoodstuk - Graieken, verelijkinen en onelijkheden Hoodstuk - Graieken, verelijkinen en onelijkheden Voorkennis V-a Zie de raiek hiernaast. b x + = 8 x = x = c x 6 = 8 x = x = 8 d x+ = x 6 x = 9 x = e (

Nadere informatie

N i e u w s b r i e f

N i e u w s b r i e f St `64 Szon Vollyal Van d Vooztt Bt ldn n od van ldn, Hopljk ht dn n god vakant ghad n dn volldgg opgladn voo ht n vollyal zon. Aantaand dndag 19 agt gnnn mt d t tanngn. Ht loot n zon mt vl potv tdagngn

Nadere informatie

Hoe hoort het eigenlijk?

Hoe hoort het eigenlijk? Hoe hoort het eigenlijk? Amy Groskamp-Ten Have bron. H.J.W. Becht, Amsterdam 1940 (vierde druk) Zie voor verantwoording: http://www.dbnl.org/tekst/gros006hoeh01_01/colofon.htm 2008 dbnl / erven Amy Groskamp-Ten

Nadere informatie

AIKI];l# 2@{3. Aki O liamt - KwartaaldJdschriftvan de Vlaamse Alkido Verenlglng yzw 2d. Invartaal 2013

AIKI];l# 2@{3. Aki O liamt - KwartaaldJdschriftvan de Vlaamse Alkido Verenlglng yzw 2d. Invartaal 2013 + AIKI];l# s# 2@{3 Aki O liamt - KwartaaldJdschriftvan de Vlaamse Alkido Verenlglng yzw 2d. Invartaal 2013 AIKIO KAMI 2e kwartaal 2013 april-mei-juni Kwert eldldrch.lfr van Vl.am!ê Akldo vo niglng \zw

Nadere informatie

14 2 B edrijfs- en beroepsa a nspra kelijkh eid

14 2 B edrijfs- en beroepsa a nspra kelijkh eid 14 2 B edrijfs- en beroepsa a nspra kelijkh eid opvatting is onjuist. Daarop stuiten de klachten van dez e onderdelen af. 9.3.1. O nderdeel 5 richt z ich tegen rov. 9.1 2, eerste z in. De desb etreffende

Nadere informatie

Herinrichting N340 Toetsingsadvies over het milieueffectrapport en de aanvulling daarop

Herinrichting N340 Toetsingsadvies over het milieueffectrapport en de aanvulling daarop Herinrichting N340 Toetsingsadvies over het milieueffectrapport en de aanvulling daarop 23 april 2009 / rapportnummer 2008-139 1. OORDEEL OVER HET MER Gedeputeerde Staten van de provincie Overijssel willen

Nadere informatie

Bo mar sund. Ton Steen bak kers

Bo mar sund. Ton Steen bak kers Ton Steen bak kers Bo mar sund Al eni ge ja ren heb ik in mijn bu reau la de wat schrijf sels lig gen die be trek king heb - ben op een en het zelf de on der werp: Bo - mar sund. Een on der werp wat me

Nadere informatie

%&& $ "#" "#" Schaal. Aandachtsgebied (,!! - && ( "#"*". ( "#" (

%&& $ # # Schaal. Aandachtsgebied (,!! - && ( #*. ( # ( %&& %&& $ '! Schaal 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Aandachtsgebied $ )! *&&& *&&&!!" *&&&# *&&& +!##,!!! - && #" #" &&&& *". '&# $ !!! &!+2! / )0 & *"# "#1 3&2 &&+ &! #&& 4 4& "#%' &# &&". %'.&&" 5!!

Nadere informatie

De Geometria non- Euclides liber. Pascal Wissink & Jelmer Mulder

De Geometria non- Euclides liber. Pascal Wissink & Jelmer Mulder De Geometria non- Euclides liber Pascal Wissink & Jelmer Mulder I Wat is niet-euclidische Meetkunde? Om uit te leggen wat niet-euclidische meetkunde, een specifieke tak in de wiskunde, precies inhoudt

Nadere informatie

N OTA. Hierbij verzoek 1k UH aandachl voor het volgende: In vapenkarners in gebruik bij de Koninklijke narine word! frequent

N OTA. Hierbij verzoek 1k UH aandachl voor het volgende: In vapenkarners in gebruik bij de Koninklijke narine word! frequent van de marineslaf MINISïËRIE VAN DEFENSIÊ ' MABINE N OTA í.'\ è..: van; de lnspecteur geneeskundige dienst der zeer.tacnr opsleller dooídruk LTZAR 1 nummeí i I rlp.êrhêf l OAn ) 2 \\(, /7 01 --r'" /'J'

Nadere informatie

Notatie bij optometrisch onderzoek

Notatie bij optometrisch onderzoek Notatie bij optometrisch onderzoek Titel: Notatie bij optometrisch onderzoek Uitgever: Optometristen Vereniging Nederland Weert, juni 2013 OVN 2013 Niets uit deze uitgave mag worden vermenigvuldigd of

Nadere informatie

Soorten visa. Business visum Een zakelijk visum is een document dat mensen die op zakenreis naar Rusland gaan, moeten hebben.

Soorten visa. Business visum Een zakelijk visum is een document dat mensen die op zakenreis naar Rusland gaan, moeten hebben. Soorten visa Business visum Een zakelijk visum is een document dat mensen die op zakenreis naar Rusland gaan, moeten hebben. Crew visum Een visum voor bijvoorbeeld werknemers in offshoreindustrie of voor

Nadere informatie

2000 loopt van t = 5 tot t = 6. De toename in 2000 is N L(6) N L(5) 69 (lepelaars).

2000 loopt van t = 5 tot t = 6. De toename in 2000 is N L(6) N L(5) 69 (lepelaars). G&R havo A deel 0 Groei C. von Schwarzenber /6 a b Na drie weken 750 + 50 = 00 (m ); na vijf weken 750 + 5 50 = 500 (m ). Na één week 6 = (m ); = = na vier weken 6 6 56 (m ). w c 750 + w 50 = 6 (inersec)

Nadere informatie

A.lverteaties / A d&ess Jot advqtis.nents: voorgeclagen voo, het lidnaalschap: 30 dasen rr dez. plbl.tte see. scbrtlt.ltjke beea!! t6g.

A.lverteaties / A d&ess Jot advqtis.nents: voorgeclagen voo, het lidnaalschap: 30 dasen rr dez. plbl.tte see. scbrtlt.ltjke beea!! t6g. NIEI-IWSBRIEF f broan 1985 no. 2 vebchijnr 10 maal p r jaar van het Koninklijk Nedcrlands Geologisch Mijnbouwkundig Cenootschap Mw. M.K. van Ilclden Ponbus 95 r 8 A.lverteaties / A d&ess Jot advqtis.nents:

Nadere informatie