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Category: 3. Business

  • US Department of Labor awards over $550K to help workers affected by layoffs at northern Massachusetts tool manufacturer

    US Department of Labor awards over $550K to help workers affected by layoffs at northern Massachusetts tool manufacturer

    Layoffs at The L.S. Starrett Co. disrupted rural labor market

    WASHINGTON – The U.S. Department of Labor today awarded $551,195 to Massachusetts to support employment and training services for workers affected by layoffs at The L.S. Starrett Co.

    On June 30, 2025, The L.S. Starrett Co. – one of the region’s largest employers – laid off 78 manufacturing workers. Based in Athol, the precision measuring tool manufacturer’s downsizing significantly disrupted the northern Massachusetts rural labor market.

    Administered by the department’s Employment and Training Administration, this National Dislocated Worker Grant allows the Massachusetts Executive Office of Labor and Workforce Development to provide retraining and skills development services for dislocated workers seeking assistance in Franklin and Worcester counties.

    Supported by the Workforce Innovation and Opportunity Act of 2014, National Dislocated Worker Grants provide a state or local board with funding for direct services and assistance in areas experiencing a major economic dislocation event that leads to workforce needs exceeding available resources. 

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    January 2, 2026
  • Author of Nation’s First Chatbot Protections Proposes 4-Year Moratorium on AI Chatbots in Toys

    Author of Nation’s First Chatbot Protections Proposes 4-Year Moratorium on AI Chatbots in Toys

    SACRAMENTO – Today, Senator Steve Padilla (D-San Diego) announced he will introduce legislation placing a 4-year moratorium on the sale and manufacturing of toys with artificial intelligence (AI) chatbot capabilities for children under 18. The purpose of this legislation is to allow time for safety regulations to be developed protecting children from dangerous AI interactions.

    Senator Padilla is the author of Senate Bill 243, the first-of-its-kind law that requires chatbot operators to implement critical, reasonable, and attainable safeguards around interactions with AI chatbots and provide families with a private right to pursue legal actions against noncompliant and negligent developers.

    “Chatbots and other AI tools may become integral parts of our lives in the future, but the dangers they pose now require us to take bold action to protect our children,” said Senator Padilla. “Our safety regulations around this kind of technology are in their infancy and will need to grow as exponentially as the capabilities of this technology does. Pausing the sale of these chatbot integrated toys allows us time to craft the appropriate safety guidelines and framework for these toys to follow. Our children cannot be used as lab rats for Big Tech to experiment on.”

    Earlier this year, Mattel, Inc., one of the largest toy makers in the world, announced a partnership with OpenAI to support AI-powered products. Just last month, the US Public Interest Group Education Fund (PIRG) published the findings of a study it conducted on the safety of several AI toys. In testing, PIRG found that the toys could engage in conversations that were not age appropriate, including how to use matches to start a fire and topics of a sexual nature. The report also cites OpenAI’s own policy that says ChatGPT “is not meant for children under 13” and “may produce output that is not appropriate for… all ages.”

    The dangers of chatbots have become apparent as stories of disastrous outcomes mount in the media. In Florida last year, a 14-year-old child ended his life after forming a romantic, sexual, and emotional relationship with a chatbot. Social chatbots are marketed as companions to people who are lonely or depressed. However, when 14-year-old Sewell Setzer communicated to his AI companion that he was struggling, the bot was unable to respond with empathy or the resources necessary to ensure Setzer received the help that he needed. Setzer’s mother has initiated legal action against the company that created the chatbot, claiming that not only did the company use addictive design features and inappropriate subject matter to lure in her son, but that the bot encouraged him to “come home” just seconds before he ended his life.

    Last year, Senator Padilla held a press conference with Megan Garcia, the mother of Sewell Setzer, in which they called for the passage of SB 243. Ms. Garcia also testified at multiple hearings in support of the bill.

    Sadly, Sewell’s story is not the only tragic example of the harms unregulated chatbots can cause. There have been many troubling examples of how AI chatbots’ interactions can prove dangerous.

    In August, after learning of the tragic story of Adam Raine, the California teen that ended his life after being allegedly encouraged to by ChatGPT, California State Senator Steve Padilla (D-San Diego), penned a letter to every member of the California State Legislature, reemphasizing the importance of safeguards around this powerful technology.

    Last year, the Federal Trade Commission announced it launched an investigation into seven tech companies around potential harms their artificial intelligence chatbots could cause to children and teenagers.

    The proposed legislation (language attached) would place a moratorium on the sale and manufacturing of toys with AI chatbot capabilities for children under 18 for a period of four years, limiting access to dangerous technology marketed exclusively for children. safety, and accountability in chatbot usage.

    Last month, Senator Padilla introduced legislation that would further protections surrounding chatbots for children and other vulnerable users by:

    • Bring age verification protocol in line with California’s landmark law, requiring chatbot operators to adhere to a stricter standard
    • Require operators to prevent chatbots from producing or facilitating the exchange of any sexually explicit material or proposing any sexually explicit content in interactions with minors

    To learn more about Senate Bill 243 and the dangers chatbots can pose, click here.

    The bill will be introduced and receive a bill number when the Senate gavels into session Monday, January 5th and will be heard in the Senate in the following months.

    ###

    Steve Padilla represents the 18th Senate District, which includes the communities of Chula Vista, the Coachella Valley, Imperial Beach, the Imperial Valley, National City, and San Diego. Prior to his election to the Senate in 2022, Senator Padilla was the first person of color ever elected to city office in Chula Vista, the first Latino Mayor, and the first openly LGBT person to serve or be elected to city office. Website of Senator Steve Padilla: https://sd18.senate.ca.gov/

     

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    January 2, 2026
  • Author of Nation’s First Chatbot Protections Proposes 5-Year Moratorium on AI Chatbots in Toys

    Author of Nation’s First Chatbot Protections Proposes 5-Year Moratorium on AI Chatbots in Toys

    SACRAMENTO – Today, Senator Steve Padilla (D-San Diego) announced he will introduce legislation placing a 5-year moratorium on the sale and manufacturing of toys with AI chatbot capabilities for children under 18 to allow time for safety regulations to be developed protecting children from dangerous AI interactions.

    Senator Padilla is the author of Senate Bill 243, the first-of-its-kind law that requires chatbot operators to implement critical, reasonable, and attainable safeguards around interactions with artificial intelligence (AI) chatbots and provide families with a private right to pursue legal actions against noncompliant and negligent developers.

    “Chatbots and other AI tools may become integral parts of our lives in the future, but the dangers they pose now require us to take bold action to protect our children,” said Senator Padilla. “Our safety regulations around this kind of technology are in their infancy and will need to grow as exponentially as the capabilities of this technology does. Pausing the sale of these chatbot integrated toys allows us time to craft the appropriate safety guidelines and framework for these toys to follow. Our children cannot be used as lab rats for Big Tech to experiment on.”

    Earlier this year, Mattel, Inc., one of the largest toy makers in the world, announced a partnership with OpenAI to support AI-powered products. Just last month, the US Public Interest Group Education Fund (PIRG) published the findings of a study it conducted on the safety of several AI toys. In testing, PIRG found that the toys could engage in conversations that were not age appropriate, including topics of a sexual nature and how to use matches to start a fire. The report also cites OpenAI’s own policy that says ChatGPT “is not meant for children under 13” and “may produce output that is not appropriate for… all ages.”

    The dangers of chatbots have become apparent as stories of disastrous outcomes mount in the media. In Florida last year, a 14-year-old child ended his life after forming a romantic, sexual, and emotional relationship with a chatbot. Social chatbots are marketed as companions to people who are lonely or depressed. However, when 14-year-old Sewell Setzer communicated to his AI companion that he was struggling, the bot was unable to respond with empathy or the resources necessary to ensure Setzer received the help that he needed. Setzer’s mother has initiated legal action against the company that created the chatbot, claiming that not only did the company use addictive design features and inappropriate subject matter to lure in her son, but that the bot encouraged him to “come home” just seconds before he ended his life.

    Last year, Senator Padilla held a press conference with Megan Garcia, the mother of Sewell Setzer, in which they called for the passage of SB 243. Ms. Garcia also testified at multiple hearings in support of the bill.

    Sadly, Sewell’s story is not the only tragic example of the harms unregulated chatbots can cause. There have been many troubling examples of how AI chatbots’ interactions can prove dangerous.

    In August, after learning of the tragic story of Adam Raine, the California teen that ended his life after being allegedly encouraged to by ChatGPT, California State Senator Steve Padilla (D-San Diego), penned a letter to every member of the California State Legislature, reemphasizing the importance of safeguards around this powerful technology.

    Last year, the Federal Trade Commission announced it launched an investigation into seven tech companies around potential harms their artificial intelligence chatbots could cause to children and teenagers.

    The proposed legislation (language attached) would place a moratorium on the sale and manufacturing of toys with AI chatbot capabilities for children under 18 for a period of five years, limiting access to dangerous technology marketed exclusively for children. safety, and accountability in chatbot usage.

    Last month, Senator Padilla introduced legislation that would further protections surrounding chatbots for children and other vulnerable users by:

    • Bring age verification protocol in line with California’s landmark law, requiring chatbot operators to adhere to a stricter standard
    • Require operators to prevent chatbots from producing or facilitating the exchange of any sexually explicit material or proposing any sexually explicit content in interactions with minors

    To learn more about Senate Bill 243 and the dangers chatbots can pose, click here.

    The bill will be introduced and receive a bill number when the Senate gavels into session Monday, January 5th and will be heard in the Senate in the following months.

    ###

    Steve Padilla represents the 18th Senate District, which includes the communities of Chula Vista, the Coachella Valley, Imperial Beach, the Imperial Valley, National City, and San Diego. Prior to his election to the Senate in 2022, Senator Padilla was the first person of color ever elected to city office in Chula Vista, the first Latino Mayor, and the first openly LGBT person to serve or be elected to city office. Website of Senator Steve Padilla: https://sd18.senate.ca.gov/

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    January 2, 2026
  • Pakistan to pitch mineral sector at future minerals forum in Riyadh

    Pakistan will showcase its mineral potential to global investors at the Future Minerals Forum in Riyadh later this month, Federal Minister for Petroleum Ali Pervaiz Malik said.

    The country will set up a pavilion titled “Pakistan – The Mineral Marvel” and host a 90-minute Country Showcase Session under the theme “Unleashing Potential: Accelerating Pakistan’s Mineral Revolution.”

    A delegation of 13 state-owned and private sector mineral companies, led by Malik, will attend. The pavilion will also serve as a lead-up to the Pakistan Mineral Investment Forum 2026 in Islamabad in April.

    Malik reaffirmed the longstanding Pakistan-Saudi Arabia ties, citing shared religious, cultural, and people-to-people links, and acknowledged Saudi Crown Prince Mohammed bin Salman’s leadership.

    Saudi Ambassador Nawaf bin Saeed Ahmad Al-Malkiy welcomed Pakistan’s participation and said the forum offered a platform to expand cooperation in minerals and energy. Both sides reiterated their commitment to strengthening economic ties and supporting mutual growth.

    The Riyadh participation follows bilateral discussions between Malik and the ambassador aimed at boosting foreign investment and deepening collaboration in the minerals and energy sectors.

     


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    January 2, 2026
  • FTSE 100 index hits 10,000 milestone in new year rally

    FTSE 100 index hits 10,000 milestone in new year rally

    Pritti Mistry,Business reporterand

    Theo Leggett,International business correspondent

    Alamy Three male city traders looking at multiple screens  with stocks and shares. Two large monitors show  financial graphs, charts, and data points in bright colors, including yellow, green, and red lines, indicating market trends. Image focused on the profile of one manAlamy

    The FTSE 100 index has climbed above 10,000 points for the first time, passing a significant stock market milestone, on the first trading day of the year.

    Shares included in the index performed strongly in 2025, leaving the benchmark more than 21% higher than a year ago, when it stood at just over 8,260. It set a new all-time record reaching 10,046 points before dropping back and closing the day at 9951.

    Despite much talk of high stock valuations in the US over the past year, the London index outperformed the major American indexes in 2025.

    Shares in British brands such as Currys and Next rose steeply alongside gains for precious metal miners, defence and financial services companies.

    The FTSE 100 tracks the performance of the 100 largest companies listed on the London Stock Exchange.

    A big rise is good news for investors, including anyone with a pension or other savings that are invested in the stock market, but is not a direct measure of the UK economy’s performance.

    Many of the constituent companies have large overseas operations as well as a UK presence, and around three quarters of the revenues of the FTSE 100 firms is generated abroad.

    In 2025 rising gold and silver prices boosted firms such as Rio Tinto, while increased global defence spending lifted contractors including Babcock and Rolls-Royce – amid economic uncertainty and geopolitical tensions.

    The British benchmark index set a new all-time intraday record as trading resumed after the new year holiday, rising more than 1% within the first hour to reach 10,046 points – up 115 from its previous level, before falling back below the threshold.

    The brief episode of trade above 10,000 followed twelve months of staggered rises.

    Susannah Streeter, an independent financial commentator, said the 10,000-point marker was “a psychologically important milestone” and showed London’s blue-chip index was “back in favour” with investors.

    “Concerns continue to swirl about the super-high valuation of US tech sector,” she said, making the UK market more appealing.

    Dan Coatsworth, head of markets at investment platform AJ Bell, said crossing the 10,000-point was a New Year’s gift for the chancellor, Rachel Reeves, who has been calling for more investment in the UK share market to boost economic growth.

    “She has been banging the drum about the merits of investing over parking cash in the bank.

    “The FTSE 100’s achievements just go to show what’s possible when buying UK shares,” he said.

    While London-quoted companies were sometimes considered “old and boring”, the mix of industries, including mining and banking, appealed to investors seeking stability during uncertain times, he said.

    “Investors often seek solace in companies whose goods and services should be in demand no matter what’s happening in the world.

    “For example, we all need to pay insurance or water bills, or those in the habit are still likely to buy cigarettes or vapes, and the FTSE 100 has plenty of companies playing on these themes on offer.”

    The chancellor said the FTSE’s break-through was “a vote of confidence in Britain’s economy and a strong start to 2026”.

    The FTSE index, which is dominated by large international companies, closed 2025 at 9,931, after repeatedly hitting record highs during the year.

    Although it is often seen as a measure of Britain’s corporate strength, the FTSE 100 largely reflects global business activity because most of its companies earn a significant share of their revenues overseas rather than from the UK economy.

    Its rise follows a global trend, which has seen stock markets surge over the expectation that artificial intelligence (AI) will boost company earnings.

    However, some experts have warned that if high hopes for AI are not realised, or do not appear quickly enough, that enthusiasm could evaporate – and prompt a steep fall in share values.

    Share prices rise or fall based on investors’ expectations of what they think companies will earn in the future. Among the strong performers in 2025 were fashion retailer Next, which raised its profit outlook four times over the year, and luxury brand Burberry which returned to profit after back-to-back annual losses.

    However, shares in bakery chain Greggs have seen a 39% drop with investors anxious about its expansion plans and lacklustre sales growth. Diageo and WH Smith also suffered sharp falls.

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    January 2, 2026
  • NY LLC Transparency Act: Compliance for Foreign LLCs

    NY LLC Transparency Act: Compliance for Foreign LLCs

    • Required disclosures. Reporting companies must disclose the following information for each non-exempt beneficial owner and each applicant:
      • (1) full legal name,
      • (2) date of birth,
      • (3) current home or business address, and
      • (4) a unique identifying number from (i) an unexpired passport, (ii) an unexpired state driver’s license; or (iii) an unexpired identification card or document issued by a state or local government agency or tribal authority for the purpose of identification of that individual.
    • Beneficial owner. A beneficial owner is an individual who exercises “substantial control” over or who owns 25% or more of a reporting company. There are exemptions for minor children, nominees/intermediaries/custodians/agents, employees, heirs, and creditors that meet certain requirements.
    • U.S. beneficial owners are not reported. Reporting companies are not required to include beneficial ownership information for beneficial owners that are U.S. persons. 
    • Applicant. An applicant is the individual who directly files the document that first registers the reporting company with the Department of State. If more than one individual is involved in the filing of the document, the applicant is the individual who is primarily responsible for directing or controlling the filing.
    • Filing fee. A $25 fee is required for each beneficial ownership statement and attestation of exemption.
    • Electronic filing with the Department of State. Beneficial ownership disclosure statements and attestations of exemption are filed electronically through the Department of State’s filing system.
    • Annual filing required. Either a beneficial ownership disclosure statement or attestation of exemption must be filed annually.
    • Confidentiality of information. Information related to beneficial owners will be maintained in a secure database and deemed confidential except:
      • (1) pursuant to the written request or voluntary consent of the beneficial owner;
      • (2) by court order;
      • (3) to officers or employees of federal, state or local government agencies where necessary for the agency to perform its official duties; or
      • (4) for a valid law enforcement purpose including a purpose relevant to an investigation by the attorney general.
    • Penalties. Various penalties may be imposed, including monetary penalties for failing to file by the due date, and the possible suspension of the LLC.

    What should foreign LLCs authorized in New York do?

    Foreign LLCs should follow these steps to ensure compliance with New York’s new beneficial ownership disclosure requirements.

    • Determine if they are a reporting company or an exempt company
    • If a reporting company, gather the required information from non-exempt beneficial owners and applicants
    • File the initial beneficial ownership disclosure statement or attestation of exemption
    • Keep track of any changes to report in the annual filing

    We’re here to help

    Navigating the new requirements of the New York LLC Transparency Act may seem complex, but our experienced team is ready to help you achieve compliance with confidence. Whether you need guidance on filing, understanding the exemptions, or any other aspect of the Act, we’re here to support you.

    For more information, contact CT Corporation.

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    January 2, 2026
  • response to Brighton Palace Pier sale announcement

    response to Brighton Palace Pier sale announcement

    The Brighton Pier Group has announced that Brighton Palace Pier is being offered for sale. In response, the council has reiterated that it’s a seafront worth investing in.

    Brighton Palace Pier is a cultural icon and a much-loved attraction, central to the city’s identity and the local visitor economy. As a Grade II*-listed landmark, the Pier attracts millions of visitors each year, supporting jobs and businesses across the city and contributing significantly to Brighton & Hove’s reputation as a leading UK destination.

    Councillor Jacob Taylor, Deputy Leader and Cabinet member for Finance and City Regeneration, said: “Brighton & Hove is a city on the rise – full of energy, creativity and opportunity. Brighton Palace Pier is an iconic part of our seafront, and its sale is an important moment.

    “We’re confident that, alongside major investments like the restoration of Madeira Terrace and new leisure spaces at Black Rock and Hove Beach Park, Brighton & Hove will continue to thrive. This is a city with a proven track record and a bold vision for what’s next.

    “While it is privately owned, we will work closely with the current and new owners to ensure the pier and our seafront continue to thrive.”

    Brighton & Hove was recently recognised on the world stage by Time Out magazine as one of the top 50 cities globally and ranked among the top three destinations in the UK, and its reputation as a welcoming and vibrant place to live, work and visit is stronger than ever.

    In 2024, Brighton & Hove attracted 12.2 million trips, generating an impressive £1.39 billion for the local economy and supporting more than 25,600 jobs across accommodation, retail, catering and entertainment.

    The council continues to collaborate with partners, businesses and the community to transform public spaces and support a strong, sustainable tourism offer and a seafront to be proud of.

    The city’s Seafront Development Board also plays a key role in shaping regeneration, unlocking investment and guiding a long‑term vision for the whole waterfront.

    The Rt Hon Lord Bassam of Brighton, who chairs the Seafront Development Board said: “The Palace Pier is a jewel in our crown, a much-loved part of Brighton’s heritage and a key attraction for visitors. Its future matters to us all.

    “The sale presents an opportunity for new investment and innovation to protect our heritage and keep it accessible while also supporting a modern, thriving economy.

    “We need to work together and look for the right investment to keep Brighton & Hove a world‑class destination for residents and visitors alike.”

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    January 2, 2026
  • Bristol Airport drop-off charges to increase

    Bristol Airport drop-off charges to increase

    The airport said the new rates would become its “single biggest non-operational cost”.

    “Unfortunately, like other airports, some of the cost will be passed on to consumers,” they said, adding that the decision was “needed to balance protecting people’s jobs as well as its commitment to improving the customer journey” with plans to reach net zero targets by 2030.

    The spokesperson said it was hoped the price increase would “discourage high volumes” of customers using the drop-off car park and instead mean people are more likely to use public transport.

    The Bristol Airport flyer is one option for passengers, with the bus costing £9 for an adult return from Bristol or £7 for an adult return from Weston-super-Mare.

    The airport spokesperson said passengers could also make use of a free shuttle bus from its waiting zone, with the zone’s capacity set to double.

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    January 2, 2026
  • Quick takes: Cruise ship outbreak, flu season in Australia, avian flu in Nebraska, polio in Somalia – CIDRAP

    Quick takes: Cruise ship outbreak, flu season in Australia, avian flu in Nebraska, polio in Somalia – CIDRAP

    1. Quick takes: Cruise ship outbreak, flu season in Australia, avian flu in Nebraska, polio in Somalia  CIDRAP
    2. 95 Passengers Sickened by Unknown Illness on Celebrity Cruises Sailing  People.com
    3. Cruise Ship Outbreaks are On the Rise – Should Cruisers Worry?  Cruise Hive
    4. Celebrity Eclipse Gastrointestinal Outbreak Highlights How Cruise Passengers Can Protect Themselves at Sea  Travel And Tour World
    5. 100+ sick in Celebrity Cruises gastrointestinal illness outbreak  USA Today

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    January 2, 2026
  • BC Gov News

    BC Gov News

    The threshold for the provincial homeowner grant for residential properties in B.C. has been set at $2.075 million for 2026, providing modest property tax relief to eligible homeowners.

    Basic grant amounts remain unchanged:

    • as much as $570 for properties in the Capital Regional District, Fraser Valley Regional District and Metro Vancouver Regional District
    • as much as $770 for properties outside those areas

    Seniors, veterans and people with disabilities, or those living with a relative who has a disability, may be eligible for additional grants for a total of:

    • as much as $845 in the Capital Regional District, Fraser Valley Regional District and Metro Vancouver Regional District
    • as much as $1,045 outside those areas

    In 2025, nearly 500,000 seniors and more than 19,000 people with disabilities received this extra support.

    To be eligible, the property must be the homeowners’ principal residence. Homeowners must apply to receive the grant. Homeowners can submit their grant application any time during the tax year.

    The best time to apply is in May after property tax notices have been received and before the property-tax due date, typically in July.

    Those who apply for the homeowner grant after their property-tax due date may face late-payment penalties to the unpaid portion of their property taxes normally covered by the grant.

    The quickest and easiest way to apply is online through the B.C. government website. Applications are also accepted at ServiceBC centres or by phone at 1-888-355-2700.

    Homeowners may also be eligible for B.C.’s Property Tax Deferment Program if they:

    • support a dependent child (Families with Children Program)
    • are 55 or older during the current year
    • are a surviving spouse
    • are a person with disabilities

    Quick Facts:

    • BC Assessment values are based on the market value of similar property sales as of July 1, 2025. 
    • This year’s threshold is down from $2.175 million last year.
    • Seniors with low incomes may be eligible for the low-income grant supplement if their home value exceeds the threshold.
    • Homes valued above the threshold may qualify for a partial homeowner grant, as the grant is gradually phased out at the rate of $5 per $1,000 of assessed value.
    • Homes phase out at $2.189 million in the Capital Regional District, Fraser Valley Regional District and Metro Vancouver Regional District, and $2.244 million for the additional grant for seniors, veterans and people with a disability.
    • Outside of those areas, homes phase out at $2.229 million for the basic grant and $2.284 million for the additional grant.

    Learn More:

    Learn more about or apply for the B.C. homeowner grant: 
    https://www2.gov.bc.ca/gov/content/taxes/property-taxes/annual-property-tax/home-owner-grant/apply

    Search, check and compare property assessment information: 
    https://www.bcassessment.ca/

    https://news.gov.bc.ca/33200

    Continue Reading

    January 2, 2026
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