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How to use short-term loans responsibly
Short-term loans can be used responsibly when they cover a specific, time-sensitive expense, fit comfortably within your repayment ability, and come with clearly understood terms. The smart move is treating them as a temporary bridge, not a financial crutch, with a clear plan to repay quickly and avoid repeat borrowing. Picture this: your car breaks […]
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Short-term loans can be used responsibly when they cover a specific, time-sensitive expense, fit comfortably within your repayment ability, and come with clearly understood terms. The smart move is treating them as a temporary bridge, not a financial crutch, with a clear plan to repay quickly and avoid repeat borrowing.
Picture this: your car breaks down the week before payday, rent is due, and your savings are thin. In moments like these, short-term loans can feel like an instant fix, but the difference between relief and regret comes down to how intentionally you use them.
When borrowers slow down, run the numbers, and choose timing and amounts with purpose, short-term credit shifts from risky impulse to controlled financial tool.
What Are Short-Term Loans?
Short-term loans are borrowing products designed to cover temporary financial gaps and are typically repaid over a brief period, often ranging from a few weeks to several months. These loans are commonly used to address urgent expenses such as:
- Emergency repairs
- Unexpected bills
- Short-term cash flow disruptions
- Time-sensitive essential purchases
Rather than long-term financial needs. Because the repayment window is shorter than that of traditional personal loans, approval decisions are often faster, and qualification requirements may be less strict.
Short-term lending can take several forms, including payday loans, online loans, cash advances, and short-term installment loans. While they differ in structure, they share a common purpose: providing quick access to funds with the expectation of prompt repayment. That convenience is balanced by higher costs, which may include elevated interest rates or flat fees that reflect the lender’s risk.
Choosing The Right Loan For Responsible Borrowing
Choosing the right short-term loan starts with matching the loan structure to the specific need you are trying to solve. Not all short-term loans work the same way, and small differences in repayment timing, fees, and flexibility can have a major impact on affordability. A loan that fits one situation well may be risky in another if the repayment schedule does not align with your income.
Comparing loans should focus on total repayment cost rather than speed alone. Interest rates and penalties for late or missed payments all influence how much the loan will ultimately cost. Reviewing the full disclosure helps clarify whether the repayment amount fits comfortably within your budget without forcing tradeoffs on essentials.
Loan terms also matter. Some short-term loans require a single lump-sum repayment, while others allow installment payments over several months. Installment options may reduce short-term pressure but can increase overall cost if fees accumulate over time. The right choice balances manageable payments with the lowest realistic total cost.
Responsible borrowing also means evaluating the lender, not just the loan.
- Clear communication
- Transparent terms
- A willingness to answer questions
- Straightforward disclosures
- Accessible customer support
Are indicators of a loan that is easier to manage.
Planning For Repayment
Before you head to a loans direct lender, you should have a plan for paying back the money.
Effective repayment planning starts with timing. Aligning due dates with pay cycles reduces the risk of overdrafts and late fees. Setting aside the repayment amount as soon as income is received helps prevent the money from being absorbed into everyday spending. Some borrowers choose automatic payments for consistency, while others prefer manual control to maintain flexibility.
Repayment planning should also account for the unexpected. Maintaining a small cash buffer can protect against minor disruptions such as delayed paychecks or higher-than-expected bills. When repayment feels tight, communicating with the lender early may help limit additional charges. Clear planning turns a short-term loan into a contained financial decision rather than an ongoing burden.
Financial Management Warning Signs
Recognizing warning signs early can prevent a short-term loan from turning into a longer financial setback. One common red flag is feeling pressured to borrow quickly without time to review terms or compare options. Urgency can cloud judgment.
Another signal is relying on future responsible borrowing to cover repayment. If paying back the loan depends on taking out another loan or delaying other bills, the risk of a debt cycle increases. Short-term loans are intended to solve a specific problem, not postpone it. Borrowing without a clear exit plan often leads to repeated use and higher overall costs.
Emotional decision-making is also a factor. Stress or fear can push borrowers toward choices they would not make under calmer circumstances. Pausing to reassess the situation, even briefly, can reveal alternatives.
FAQs
What Is the 50-30-20 Rule for Loans?
The 50-30-20 rule for loans is a budgeting guideline that helps borrowers decide how much debt they can manage without straining their finances. Under this rule, about 50 percent of take-home income goes toward essential expenses, including:
- Housing
- Utilities
- Food
- Managing loan repayments
- Phone and internet bills
Roughly 30 percent is reserved for discretionary spending, while 20 percent is directed toward savings or additional debt reduction. When applied to loans, the rule encourages borrowers to take on repayment amounts that fit within the essentials portion of their budget.
How To Make 10K in a Month?
Making $10,000 in a month is possible for some people, but it typically requires a combination of strong earning capacity, available time, and realistic expectations. Common paths include:
- Taking on short-term contract or freelance work in high-demand fields
- Increasing hours or commissions in an existing role
- Selling a high-value asset
- Launching a focused side project with clear pricing and fast turnaround
Results depend heavily on skills, market demand, and starting resources, and there is usually some tradeoff.
How To Use Loan Money Wisely?
Using loan money wisely starts with treating it as a targeted solution rather than extra income. The funds should be applied directly to the specific expense that made borrowing necessary, instead of being spread across discretionary spending.
Before using the money, it helps to confirm the full repayment amount and due date so spending decisions reflect what will need to be paid back, not just what was received. Wise use also means avoiding stacking new obligations on top of the loan and setting aside repayment funds as soon as income arrives.
Short-Term Loans: Manage Responsibly Today
With this guide, you should have an easier time using short-term loans without causing yourself bigger financial problems.
Do you want more help taking care of your money? BlackPressUSA has lots of other articles on related topics to help you out.
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PRESS ROOM: NBA Hall of Fame Nominee Terry Cummings Joins 100 Black Men of DeKalb County to Launch Victory & Values Initiative
NNPA NEWSWIRE — NBA Hall of Fame nominee and Basketball Legend Terry Cummings was administered the official member’s oath and ceremonially pinned during a special induction ceremony held on Friday, February 20th.
Published
15 hours agoon
February 27, 2026By
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Cummings becomes an honorary member, joining other role model sports stars
NBA Hall of Fame nominee and Basketball Legend Terry Cummings has officially become an honorary member of the 100 Black Men of DeKalb County, marking a powerful new chapter for the 100 Black Men and youth development across the region.
Cummings was administered the official member’s oath and ceremonially pinned during a special induction ceremony held on Friday, February 20th. The moment signified more than membership — it marked the launch of the organization’s transformative new platform, the Victory & Values Initiative.
The Victory & Values Initiative is a groundbreaking youth development program designed to empower elementary and middle school students through a dynamic blend of sports, mentorship, and STEM exposure. The initiative focuses on building health, discipline, character, leadership, and access to opportunity — creating pathways for long-term academic and personal success.
“This is about more than sports,” said Cummings during the ceremony. “It’s about using the platform of athletics to teach life lessons, create access, and build the next generation of leaders.”
The induction ceremony also featured notable guests including NASCAR’s newest Star Driver, Lavar Scott and NASCAR Director of Athletic Performance, Phil Horton, who joined Cummings for a powerful Victory & Values Town Hall discussion. The Town Hall was moderated by renowned Sports Emcee John Hollins and focused on leadership, resilience, discipline, and the importance of mentorship in shaping young lives.
A “Day at NASCAR” for 75+ Youth
Cummings wasted no time getting to work. On his first full day as an honorary member, he joined his new brothers of the 100 Black Men of DeKalb County to host a “Day at NASCAR,” escorting more than 75 youth to a once-in-a-lifetime experience at EchoPark Motor Speedway (formerly Atlanta Motor Speedway).
The youth participants received behind-the-scenes access including: an exclusive tour of Pit Row, access to the Garage Area and exploration of the interactive Fan Zone.
The experience culminated with a surprise meet-and-greet and Q&A session with NASCAR Superstar Bubba Wallace, who shared insights on perseverance, preparation, and breaking barriers in professional sports.
The day served as a living example of the ‘Victory & Values’ Initiative in action — exposing youth to new industries, expanding their vision for the future, and connecting them directly with high- level mentors and role models.
Building Leaders Through Access and Mentorship
The 100 Black Men of DeKalb County – a chapter of the largest, national mentoring organization in the county – continues to expand its footprint with programs focused on academic excellence, economic empowerment, leadership development, and health & wellness.
The launch of ‘Victory & Values’ represents a strategic expansion of the organization’s impact
- intentionally integrating athletics and STEM to engage youth at an early age while reinforcing core principles such as integrity, accountability, teamwork, and perseverance.
“Our mission has always been to mentor the next generation,” said Vaughn Irons, President-Elect of the 100 Black Men of DeKalb County. “With Terry Cummings joining the brotherhood, along with partners in NASCAR and professional sports, we are creating unprecedented access and exposure for our youth. Victory & Values is about turning inspiration into structured opportunity.”
By connecting elementary and middle school students to professional athletes, executives, STEM professionals, and community leaders, the initiative aims to:
- Increase youth exposure to careers in sports business, engineering, and performance science
- Strengthen mentorship pipelines
- Promote physical wellness and mental resilience
- Build character-driven leadership at an early age
Open Invitation to Youth and Families
All youth are invited to participate in the Victory & Values Initiative, along with the other countless, impactful programs offered by the 100 Black Men of DeKalb County.
Parents and guardians seeking mentorship, leadership development, academic enrichment, and transformative exposure opportunities for their children are encouraged to connect with the organization.
As NBA Legend Terry Cummings’ induction demonstrates, Victory & Values is more than a program — it is a movement designed to build champions in life, not just in sports.
For more information about the Victory & Values Initiative or to enroll a student, contact: 100 Black Men of DeKalb County at Phone at 404.241.1338, info@100bmod.org or Tee Foxx at 404.791.6525,
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Reflecting on Black History Milestones in Birmingham AL
THE BIRMINGHAM TIMES — As we bring Black History Month to a close here’s a look at some historic Birmingham milestones since the city’s founding.
Published
16 hours agoon
February 27, 2026By
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Compiled by The Birmingham Times
As we bring Black History Month to a close here’s a look at some historic Birmingham milestones since the city’s founding.
1871—City of Birmingham founded; now the state’s most populous city, Birmingham was established at the crossing of two rail lines near one of the world’s richest mineral deposits.
1885—Birmingham Barons baseball team originally established as Birmingham Coal Barons.
1890—The Penny Savings Bank, founded by the Rev. William Reuben Pettiford in Birmingham, opens, becoming the first Black-owned and Black-operated financial institution in Alabama.
1902—Woodward Building, construction completed on the first of four steel-frame skyscrapers that would make up Birmingham’s “Heaviest Corner on Earth.”
The Tuggle Institute, a boarding school for African American children in Birmingham Alabama, pictured in 1906. (Public Domain)
1903 —Social worker Carrie A. Tuggle opens the Tuggle Institute and School, the first orphan home in Alabama for African American boys. The Institute operated until Tuggle’s death on Nov. 5, 1924, and was later renamed Tuggle Elementary School in 1936.
1904 —Vulcan Statue, the world’s largest cast-iron statue, created as Birmingham’s entry in the St. Louis World’s Fair, was sculpted by Giuseppe Moretti.
1914—Birmingham’s Lyric Theatre was established as one of the first in the South where Black and white audiences could see the same show for the same price, though Black sat in an isolated section with inferior accommodations
1918—Birmingham College and Southern University merged to establish Birmingham-Southern College.
1925—The Pittsburgh of the South, Birmingham, is the largest cast iron and steel producer in the Southern U.S.
The Slossfield Community Center campus included a health clinic, a maternity ward, a recreational center, and an education building. The complex was built between 1936 and 1939 by ACIPCO (American Cast Iron Pipe Company). (National Archives Record Group 69-N)
1939—Slossfield Health Clinic, located in a neighborhood surrounding ACIPCO’s plant, considered one of Birmingham’s most blighted, opens.
1941—The Sisters of Charity of Nazareth (SCN) assume responsibility for a small health clinic in the predominantly African American community of Ensley near Birmingham, Alabama. The clinic later becomes Holy Family Hospital.
1941—World War II. The demand for steel during the war brought Birmingham out of the Great Depression.
1948—Slossfield’s medical center closes in 1948 after World War II. The rest of the Slossfield Community Center campus closed in 1954.
1951—Birmingham Museum of Art, currently home to one of the finest collections in the Southeast, with extensive holdings from around the globe dating from ancient to modern times, opens.
1954—A.G. Gaston Motel founded by entrepreneur and activist A.G. Gaston to provide higher-class service to Black visitors.
The Rev. Fred L. Shuttlesworth and other local Black ministers established the Alabama Christian Movement for Human Rights (ACMHR) during a mass meeting at Birmingham’s Sardis Baptist Church. (File)
1956—The home of Birmingham minister and Civil Rights leader Fred Shuttlesworth is bombed. Although the structure is severely damaged, Shuttlesworth emerges uninjured.
- During a mass meeting at Birmingham’s Sardis Baptist Church, Shuttlesworth and other local Black ministers establish the Alabama Christian Movement for Human Rights (ACMHR). Founded in response to the State of Alabama’s eight-year ban on the NAACP, ACMHR was central to the civil rights movement in Birmingham.
- The Freedom Riders arrive at the Greyhound bus terminal in Montgomery, where they are attacked by an angry mob. The Freedom Ride, an integrated bus trip from Washington, D.C., through the Deep South, was formed to test the 1960 Supreme Court decision prohibiting segregation in bus and train terminal facilities.
1963—After previously establishing the ACMHR and the Southern Christian Leadership Conference (SCLC), Shuttlesworth invites Rev. Martin Luther King, Jr. to Birmingham to lead what becomes the Birmingham Campaign for Desegregation. King writes Letter From Birmingham Jail.
- Sixteenth Street Baptist Church was bombed, killing four young girls in an attack against the Civil Rights Movement and humanity.
1966—Oscar Adams Jr. becomes the first African American to join the Birmingham Bar Association.
1968—Arthur Shores was appointed to the Birmingham City Council, making him the first African American to serve as a councilman.
1970—The Sisters of Charity of Nazareth (SCNs) transfer ownership of Holy Family Hospital to a local non-profit organization, which was renamed Community Hospital. By 1986, the facility was sold and operated as Medical Park West until its closing in 1988. The facility would briefly reopen in 1989 as Community Hospital with 22 beds, only to close it down for good soon thereafter.
1974—J. Richmond Pearson and U.W. Clemon were the first African Americans elected to the Alabama State Senate since Reconstruction.
Richard Arrington. (File)
1979—Richard Arrington Jr. was elected as the first African American mayor of Birmingham. Arrington served in that post for nearly 20 years, until his resignation in July 1999.
1980—Oscar Adams Jr. was appointed to the Alabama Supreme Court, making him the first African American justice to hold that office.
1984—J. Mason Davis becomes the first African American president of the Birmingham Bar Association. He is also the first minority adjunct professor at The University of Alabama School of Law, serving from 1972 to 1997.
1986—Reuben Davis and Chris McNair were elected to the County Commission, the first district by district election, and are the first African Americans to serve on the commission.
1991—Carole Smitherman appointed to become the first African American woman to serve as a circuit court judge in Alabama
1992—Birmingham Civil Rights Institute opens its doors at Kelly Ingram Park in the Civil Rights District.
The Birmingham Civil Rights Institute. (File)
1993—Alabama Jazz Hall of Fame opens.
2002—Shelia Smoot elected first Black female Jefferson County Commissioner.
2003—Helen Shores Lee becomes the first African American woman to serve as a judge on the Jefferson County Circuit Court.
2005—Condoleezza Rice, a Birmingham native, is named U.S. Secretary of State.
2008-11—Jefferson County and creditors attempt to reach a settlement of the $3.14 billion sewer debt, but any deal would need to erase $1 billion or more of that debt.
2009—Carole Smitherman becomes Birmingham’s first African American female mayor.
2010—Railroad Park, a 19-acre park, opened, becoming a catalyst for revitalization in downtown Birmingham
2011—A massive storm in April, causing numerous powerful tornadoes, rips through the southeastern United States, killing 250 people in Alabama, including 20 people in Jefferson County communities of Pleasant Grove (10), Concord (6), Cahaba Heights (1), Pratt City (1), Forestdale (1), and McDonald Chapel (1).
In 2012 the Jefferson County Commission voted 3-2 to close the inpatient care unit and emergency room at Cooper Green Mercy Hospital. (File)
2012—Cooper Green Mercy Hospital downsized. The Jefferson County Commission votes 3-2 to close the inpatient care unit and emergency room at Cooper Green following weeks of debate and protests from community leaders who have begged the county to continue operating the facility for the sick and poor.
2016—Lynneice Washington elected District Attorney for the Bessemer Cutoff, the first African American DA in the state of Alabama.
2016—Theo Lawson was named the first African American Jefferson County attorney.
2016—Representative Terri Sewell introduces legislation leading to Birmingham Civil Rights National Monument designation by presidential proclamation one year later.
2017—John Henry joins the Jefferson County Commission Finance Department and becomes the county’s first Black chief financial officer.
2017—Danny Carr and Mark Pettway were elected the county’s first Black district attorney and first Black sheriff, respectively.
2019—Walter Gonsoulin was named the first permanent African American superintendent of the Jefferson County School System
2020—Felicia Rucker-Sumerlin was named the first female Deputy Chief in the 200-year history of the Jefferson County Sheriff’s Office.
2020—Elisabeth French becomes the first woman selected to serve as Presiding Judge in Jefferson County’s 200-year history. She will oversee the 10th Judicial Circuit, the largest in Alabama’s Judicial System.
2021—Ashley M. Jones, founder of the Magic City Poetry Festival, is named Poet Laureate for Alabama, making her the first Black Poet Laureate for the state and the youngest person to hold the position.
2022—Dr. Adolphus Jackson of Birmingham is elected President of the Alabama Dental Association, the first African American to serve as president of the state Association.
2022—Birmingham Mayor Randall Woodfin issues a proclamation declaring March 18 Reverend Fred Shuttlesworth Day, the 100th anniversary of the leader’s birth.
2023—Writer and educator Salaam Green becomes the city’s first poet laureate.
2024—Democrats Yashiba “Red” Blanchard and Jameria Moore on Tuesday became the first Black female judges elected to Probate Court in Jefferson County, Alabama.
2024—Myrna Carter Jackson, a Birmingham civic leader and Foot Soldier who participated in marches, sit-ins, demonstrations, and other Civil Rights activities, dies. She was 82.
2024—Hezekiah Jackson IV, who served as president of the Metro Birmingham NAACP, Birmingham Citizens Advisory Board, and the Inglenook Neighborhood Association, dies. He was 65.
For decades, Bishop Calvin Woods Sr., was one of Birmingham’s leading voices for equality. (File)
2025—Judge Carole Smitherman retires after 50 years in law and politics in Birmingham, including being the first Black woman hired as a deputy district attorney in Jefferson County and becoming the city’s first Black woman municipal and circuit court judge.
2025—Bishop Calvin Woods Sr., distinguished Birmingham Civil Rights leader and longtime pastor of Shiloh Baptist Church in Norwood, dies. He was 91.
2025—Former U.S. Attorney General Eric Holder Jr. accepts the prestigious 202d L. Shuttlesworth Human Rights Award at the downtown Sheraton.
2026—Claudette Colvin, who refused to move to a bus seat at the start of the Civil Rights Movement, dies at 86. Homegoing celebration was held at Greater Shiloh Missionary Baptist Church in SW Birmingham.
Source: The Birmingham Times, 1963: How The Birmingham Civil Rights Movement Changed America and the World; City of Birmingham Public Library; Associated Press; blackpast.org; Politics and Welfare in Birmingham, 1900–1975.
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OP-ED: One Hundred Years of Black Workers Telling the Truth
NNPA NEWSWIRE — … history provides a framework for understanding what happened in Minnesota this January, when Black journalists Don Lemon and Georgia Fort were arrested after covering a protest inside a church opposing U.S. Immigration and Customs Enforcement activity in the area. The message was unmistakable: documenting dissent can itself be treated as a crime.
Published
2 days agoon
February 26, 2026By
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By Fred Redmond, Secretary Treasurer AFL-CIO
In 1917, A. Philip Randolph and Chandler Owen launched The Messenger, a pro-labor, anti-war magazine that connected racism to exploitation and demanded justice for Black workers. Two years later, the federal government responded with tactics of targeted censorship—surveillance, harassment and threats of prosecution—and branded a small Black labor magazine “the most dangerous” publication in the country simply for encouraging Black workers to organize.
More than a century later, two highly respected Black journalists—Don Lemon and Georgia Fort—are handcuffed and indicted for filming a protest inside a church. The tools have changed, but the oppressive government playbook has not.
That continuity matters as we mark 100 years since the launch of Negro History Week, founded in February 1926 by Carter G. Woodson. Negro History Week rejected the lie that Black people had no history worth teaching and no role worth remembering. It challenged an education system that erased Black achievement and a public narrative that treated Black people as a problem, not a people. What later became Black History Month grew from that project of memory and resistance. From its earliest days, Black history celebrations were about more than remembrance. They also were acts of resistance, challenging the ongoing use of law, fear and surveillance to silence Black workers and suppress the truth about power in this country.
That pairing matters: The birth of Negro History Week alongside the rise of an apparatus built to monitor and suppress Black labor dissent. The same government that denied Black people their history also treated them as a threat when they spoke collectively as workers. When Black workers asserted their right to organize and be heard, they faced not just employer retaliation, but state repression.
Randolph went on to organize the Brotherhood of Sleeping Car Porters, the first major Black-led union, and was under constant federal surveillance. As Black workers organized in factories, on farms and in service jobs across the country, local police and FBI “Red Squads” and federal counterintelligence programs infiltrated meetings, built massive files, and worked to neutralize leaders who linked racial justice to workplace democracy.
That history provides a framework for understanding what happened in Minnesota this January, when Black journalists Don Lemon and Georgia Fort were arrested after covering a protest inside a church opposing U.S. Immigration and Customs Enforcement activity in the area. The message was unmistakable: documenting dissent can itself be treated as a crime.
At the same time, major media outlets are shrinking their newsrooms and walking away from race coverage. The Washington Post recently laid off some 300 journalists, including race and ethnicity reporters. In late 2025, NBC News shuttered entire teams dedicated to covering Black, Latino and Asian American, Native Hawaiian and Pacific Islander stories. In Pittsburgh, the 240‑year‑old Post‑Gazette is being shut down by its owners, who responded to a court order requiring them to honor The NewsGuild‑CWA (TNG-CWA) journalists’ contract after years of striking. When powerful newsrooms dismantle the very beats created after 2020 to cover racism and inequality, they send a different version of the same message: some truths about power are no longer welcome.
The National Writers Union said the arrests “set a disastrous precedent for press freedom in the United States,” and the National Association of Black Journalists called on the government to “halt all retaliatory posture toward journalists.” SAG‑AFTRA has condemned the arrests of Fort and Lemon, a member, and unions like TNG‑CWA are warning that union‑busting, mass layoffs, and criminal charges against journalists are part of the same effort to make it dangerous for workers to tell the truth.
This Black History Month, the labor movement must be clear: the right to organize and the right to dissent stand or fall together. There is no freedom of association if workers cannot gather, speak and be heard. When Black journalists are criminalized for documenting protest, the real target is the possibility of multiracial worker power. If true worker power and economic dignity are to have a future, it will be because the labor movement continues to refuse that silence.
The AFL-CIO recognizes that the same tactics used to quash Black voices are used to suppress all our voices—on shop floors, in independent media, in the streets, on picket lines and in places of worship. We stand with our union brothers, sisters and siblings in insisting that the First Amendment is a right and a core worker protection, not a luxury.
A century ago, Woodson insisted that Black people had a history worth telling and Randolph told Black workers they deserved more than exploitation. The government tried to silence them. This Black History Month, the question remains the same: Will Black truth tellers be honored or handcuffed?
The labor movement’s answer must be clear. We stand with Black workers and Black journalists in their right to dissent, to document, and to demand a better future.
Fred Redmond, the highest-ranking African American labor official in history, is the secretary-treasurer of the AFL-CIO, the nation’s largest labor federation, representing 64 unions and nearly 15 million workers.
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