'6/%"%03&4 +FT·T ~MWBSF[ EFM $BTUJMMP 7 +PSHF ~MWBSF[ EFM $BTUJMMP ;
&%*503 %*3&$503 $BSMPT ~MWBSF[ EFM $BTUJMMP (
"º0 9$*9 50.0 $$$-999* /Á.&30
%
4&$$* /
"3"/%"4 5& &41&3" 5F EBNPT SB[POFT QBSB EJTGSVUBS VOB EF MBT KPZBT EF MPT "MUPT EF +BMJTDP `Z MB UFSDFSB UF TPSQSFOEFSÈ
'JFTUB QPS UPEP FM NVOEP
[YÊ*?} >Ê` Ã
[YÊ*?} >ÊÊÌÀiÃ
L=O=LKNPA
(6"%"-"+"3" +"- %0.*/(0 %& &/&30 %&
H= CQå= L=N= @EOBNQP=N AH @KIEJCK
-Õ«iÀÛ Ã À\Ê >Ê, `À }ÕiâÊ> >°À `À }ÕiâJ v À >` À°V ° ÝÊÉÊ Õ> Ê À> V ÃV Ê â? iâÊÊvÀ> V ÃV °} â> iâJ v À >` À°V ° ÝÊ
MkZ]b\b g :jn ^lm g F^e\ahk& @ZliZk r ;ZemZsZk
.
Ê/, $
VDIB USBEJDJÂO NVDIP DPMPS Z QPS TPCSF UPEBT MBT DPTBT FOPSNF GF 1P DPT QB½TFT EFNVFTUSBO UBOUP GFSWPS QPS MPT 3FZFT .BHPT DPNP FM OVFTUSP Z FT UPEBW½B N²T OPUBCMF RVF VOB EF MBT SFHJPOFT EPOEF TF WJWF DPO NBZPS JO UFOTJEBE MB EFWPDJÂO QPS FTUPT NPOBSDBT EF SB½[ C½CMJ DB TF FODVFOUSF FO +BMJTDP -B -BHVOB EF $BKJUJUM²O 5MBKPNVMDP &M %½B EF MPT 3FZFT .BHPT TBCF NVZ EJTUJOUP FO $B KJUJUM²O &T FM E½B FO RVF FM QVFCMP Z MB MBHVOB EFM NJTNP OPNCSF SFDJCFO B TVT QBUSPOFT %POEF FM DBNJOP RVF MMF WB B MB #BT½MJDB EF MPT 3FZFT TF QJOUB EF DPMPSFT UBQJ[BEB QPS DBSBWBOBT EF GJFMFT RVF QJEFO P BHSBEFDFO MPT NJMB HSPT -P BOUFSJPS EFKB DMBSP RVF MPT E½BT Z EF FOFSP TF WJWFO EF GPSNB NVZ FTQFDJBM FO FTUB DJVEBE -B HFOUF TF MMFOB EF VO GFSWPS NVZ FTQFDJBM RVF TF JODVMDB EFTEF MB JOGBODJB #BTUB QBTFBS QPS MBT DBMMFT EF $BKJUJUM²O QBSB WFS MBT EFDFOBT EF OJÁPT DBSBDUFSJ[BEPT DPNP .FMDIPS (BT QBS P #BMUB[BS -B GJFTUB FO IPOPS B MPT 3FZFT .BHPT WJWJS² TV DFOJU B MP MBSHP EF FTUB TFNBOB BVORVF MB DFMFCSBDJÂO BSSBO DÂ EFTEF FM EF EJDJFNCSF DVBOEP MBT DBMMFT EF $BKJ UJUM²O TF MMFOBO EF BSUFTBOPT Z NBFTUSPT EF MB DFS²NJDB MB NBEFSB Z FM CBSSP RVJFOFT PGSFDFO B MPT MVHBSFÁPT Z UVSJTUBT EJWFSTPT UJQP EF SFDVFSEPT Z PCKFUPT SFMBDJPOB EPT DPO FM DVMUP B MPT USFT NPOBSDBT &O QVOUP EF MBT IPSBT EFM EF FOFSP MPT DSF ZFOUFT TVCFO MBT GJHVSBT EF MPT USFT SFZFT B MBODIBT FTQF DJBMNFOUF EFDPSBEBT Z FT TPCSF FMMBT RVF OBWFHBO MBT VTVBMNFOUF NBOTBT BHVBT EF MB MBHVOB 5SBT FTUP MB DF MFCSBDJÂO DPOUJOÈB DPO VOB QSPDFTJÂO QPS MBT QSJODJQB MFT DBMMFT EF MB DJVEBE EPOEF OPUBS²T RVF BCVOEB MB NÈ TJDB Z MPT BOUPKJUPT 5PEP SFNBUB DPO VOB TPMFNOF NJTB FO MB 1BSSPRVJB
a:B WJFOFO MPT
3FZFT .BHPT -B MBHVOB EF $BKJUJUM O ZB TF FODVFOUSB MJTUB QBSB SFDJCJS B Ah _]iejk USFT EF TVT IV TQFEFT N T EJTUJOHVJEPT -B IJTUPSJB EFUS T EF MBT GJHVSBT
o]^an i o
"SNB UV BHFOEB >ÃÊ ?}i iÃÊÞÊÕ >ÊV Ì Û>ÊÀiV ÀÀiÀ? Ê >ÃÊ >}Õ>ÃÊ`iÊ >ÊÀ LiÀ>Ê`iÊ > Ì Ì ? ]Ê«>Ã> ` Ê« ÀÊ-> Ê Õ> Ê Û> }i ÃÌ>]Ê-> Ê ÕV>Ã]Ê ÕÞÕÌ ? ÊÞÊ ÕiÝ V >Ì Ì ? °Ê Õi} Ê`i Ãi L>ÀV>À? Êi Ê >Ê* >â>Ê `i Ê*iÃV>` ÀÊ«>À>Ê`iÊ> Ê Ài}ÀiÃ>ÀÊ>ÊÃÕÊÃ> ÌÕ>À °Ê >Ê«À Vià Ê`ÕÀ>Ê>«À Ý >`> i ÌiÊVÕ>ÌÀ Ê À>ðÊu i}>ÊÌi «À> t
5BO GBTDJOBOUF DPNP MBT GJFTUBT RVF FO TV IPOPS EF PGSFDFO FO $BKJUJUM²O FT MB IJTUPSJB RVF HVBSEBO MBT USFT GJHVSBT EF MPT 3FZFT .BHPT EPOEF TF NF[DMB FM BSUF MB TVFSUF F JODMVTP MB USBHFEJB 1BSB DPOPDFS MP RVF IBZ EFUS²T EF FMMPT IBZ RVF SF NPOUBSOPT B MPT BÁPT QPTUFSJPSFT B MB DPORVJTUB EF .¹ YJDP .FMDIPS (BTQBS Z #BMUB[BS GVFSPO MBCSBEPT FO NB EFSB EF NF[RVJUF FO DPNP QBSUF EF MB FWBOHFMJ[BDJÂO FO MB [POB PDDJEFOUF EF MB UPEBW½B JOIÂT QJUB /VFWB &TQBÁB %F BDVFSEP BM HPCJFSOP EF 5MBKPNVMDP MBT FTUBUVBT EF MPT 5SFT 3FZFT .BHPT DPNFO[BSPO B TFS WFOFSBEBT FO i$BKJw FO MB QBSSPRVJB FSJHJEB FO TV IPOPS EFTEF DPOWPDBOEP BÁP DPO BÁP B MPT IBCJUBOUFT EF DPNVOJEB EFT DFSDBOBT RVJFOFT PSHBOJ[BCBO HSBOEFT GJFTUBT FO TV IPOPS "VORVF PCKFUPT EF WFOFSBDJÂO OP IBO FTUBEP FYFOUPT EF TVGSJS BDDJEFOUFT DPNP FM TVGSJEP VO EF FOF SP &TF E½B USBT SFDPSSFS MB MBHVOB MPT SFZFT GVFSPO MMF WBEPT B TV QBSSPRVJB &TUBOEP EFOUSP VOB WFMB DBZÂ Z QSPWPDÂ VO JODFOEJP RVF TJ CJFO GVF DPOUSPMBEP BMDBO[Â B EBÁBS MBT JN²HFOFT &M QBESF EF BRVFMMB ¹QPDB 5JCVS DJP -P[BOP DBNCJÂ MBT FTDVMUVSBT QPS VOBT OVFWBT MP
RVF QSPWPDÂ RVF MB EFWPDJÂO EF MPT IBCJUBOUFT CBKBSBO 1FSP FTUB IJTUPSJB UJFOF VO GJOBM DVSJPTP Z GFMJ[ 4V DFEF RVF FO VO IPSNJHVFSP JOGFTUÂ MB TBDSJTU½B EF MB 1BSSPRVJB QPS MP RVF FM QBESF FODBSHBEP FO BRVFMMPT BÁPT 3PTBSJP (VUJ¹SSF[ UVWP RVF MMBNBS B VO BMCBÁJM QB SB RVF TF IJDJFSB DBSHP EF MPT JOTFDUPT RVF ZB TF IBC½BO DPOWFSUJEP FO VOB QMBHB $PNFO[Â B FTDBSCBS QBSB FO DPOUSBS FM PSJHFO EFM IPSNJHVFSP Z GVF FO FTB UBSFB RVF EJP DPO MBT GJHVSBT PSJHJOBMFT EF MP MPT SFZFT NJTNBT RVF GVFSPO SFTUBVSBEBT QPS MBT I²CJMFT NBOPT EFM QBESF 3P TBSJP "T½ MPT SFZFT WPMWJFSPO B TV MVHBS Z DPO FMMPT MB GF EF MPT QPCMBEPSFT " QFTBS EF RVF MPT 3FZFT .BHPT GPSNBO QBSUF EF MB USBEJDJÂO DBUÂMJDB Z TPO PCKFUP EF WFOFSBDJÂO FO MB #JCMJB IBZ QPDB JOGPSNBDJÂO TPCSF FMMPT %F IFDIP TF MFT EFEJ DBO BQFOBT VO QBS EF SFOHMPOFT FO FM &WBOHFMJP EF .B UFP EPOEF OP TF NFODJPOB OJ TV OÈNFSP OJ TVT OPNCSFT BVORVF T½ TF FTQFDJGJDB RVF MMFHBSPO B #FM¹O DPO USFT SF HBMPT QBSB FM SFDJ¹O OBDJEP +FTÈT PSP JODJFOTP Z NJSSB "M NBSHFO EF UPEP MBT MFZFOEBT RVF MPT SPEFBO OP QVFEF EFKBS EF NBSBWJMMBSOPT RVF B N²T EF EPT NJM BÁPT EF EJTUBODJB USFT SFZFT WFOJEPT EF PSJFOUF TJHBO JOTQJSBO EP VOB EFWPDJÂO UBO QVSB DPNP MP IBDFO IPZ FO VOB QF RVFÁB MBHVOB EF +BMJTDP MB EF $BKJUJUM²O
¡UTILIZA TU TARJETA CÍRCULO INFORMADOR
EN MÁS DE 230 ESTABLECIMIENTOS!
{$ØNP MMFHP -> i ` Ê`iÊ Õ>`> > >À>]Ê / >µÕi«>µÕi]Ê<>« «> Ê Ê / > ?ÊÃiÊÌ >Ê >Ê Ûi `>Ê «iâÊ >Ìi Ã]ʵÕiÊ> ÊVÀÕ â>ÀÊ*iÀ vjÀ V ]ÊÃiÊV Û iÀÌiÊ i Ê >ÊV>ÀÀiÌiÀ>Êvi`iÀ> Êx{Ê µÕiÊÛ>Ê >V >Ê >°Ê à Ì> ` Êi ÊiÃÌ>ÊÛ >ÊÃiÊ`iLiÊ Ãi}Õ ÀÊ« ÀÊ >Ê`iÃÛ >V Ê >V >Ê/ > Õ V Ê`iÊ<Ö }>Ê ÞÊÃi}Õ ÃÊ >ÃÊÃi > â> V iÃÊ`iÊ > Ì Ì ? °Ê >Ê ÌÀ>Ê «V ÊiÃÊV `ÕV ÀÊ ` ÀiVÌ> i ÌiÊ« ÀÊ >ÊV>ÀÀi ÌiÀ>Ê>Ê >«> >ÊÞÊÃi}Õ ÀÊ« ÀÊ >Ê`iÃÛ >V Ê >V >Ê >Ê > }Õ >Ê`iÊ > Ì Ì ? °
SUSCRÍBETE A EL INFORMADOR 3678 7750
1~(*/" %
&- */'03."%03 &- */'03."%03
%PNJOHP EF FOFSP EF
IZl^h Ehl :emhl ]^ CZebl\h m^ ^li^kZg &- */'03."%03 t "3$)*70
"SBOEBT FM UFSSV¨P DPMPSBEP
1"3" 13&46.*3 -B CFMMF[B BS RVJUFDUØOJDB EFM 5FNQMP EF 4BO +P TÏ 0CSFSP Z MBT SFJOBT EF "SBOEBT EPT FTUBNQBT RVF MF IBO EBEP GB NB B MB DJVEBE
-
#FMMB Z IPTQJUBMBSJB MB DJVEBE BSSBODB FM B¨P DPO VOB QSPQVFTUB JSSFTJTUJCMF QBSB MPT WJTJUBOUFT 4V USBEJDJPOBM GFSJB
03(6--0 -B KFGB EF UVSJTNP EF "SBOEBT 1BPMB (VF SSFSP (BYJPMB QSFTVNF MBT BDUJWJEBEFT EF TV DJVEBE
&
Ê ,
T EPNJOHP QPS MB NBÁBOB {ZB TBCFT RV¹ FT MP RVF RVJF SFT IBDFS IPZ "RV½ IBZ VOB QSPQVFTUB QBSB SPNQFS DPO MB NPOPUPO½B Z DPOEJNFOUBS FM E½B DPO VOB GVFSUF EPTJT EF BWFOUVSB TBCPS Z FYQFSJFODJBT OVFWBT 6O QBTFP QPS "SBOEBT -B DJVEBE EF MPT "MUPT EF +BMJTDP FT DPOPDJEB QPS TFS VOP EF MPT NPUPSFT JOEVTUSJBMFT EFM &TUBEP Z UBN CJ¹O QPS TFS VOB DVOB EF CFMMF[B BSRVJUFDUÂOJDB 5BN CJ¹O FT QSPCBCMF RVF IBZBT FTDVDIBEP RVF BRV½ MBT NVKFSFT TPO NVZ HVBQBT Z TF DPNF EF NBSBWJMMB -P FTDSJUP FO FM Q²SSBGP BOUFSJPS FT DJFSUP QFSP "SBOEBT UJFOF NVDIP N²T 1BSB FNQF[BS EF IPZ Z IBTUB FM EF FOFSP TF DFMFCSB -B &YQPGFSJB "SBOEBT VO FWFOUP EPOEF MB DVMUVSB FM FOUSFUFOJNJFOUP MB NÈTJDB Z MB HBTUSPOPN½B EPNJOBO FM QBOPSBNB i&T VO NPNFOUP QFSGFDUP QBSB WJTJUBS MB DJVEBE Z EFTDVCSJS UPEP MP RVF UJFOF QPS PGSFDFSMF B MPT WJTJUBO UFTw FYQMJDB 1BPMB (VFSSFSP (BYJPMB KFGB EF UVSJTNP EF "SBOEBT RVJFO BHSFHB i1FSP BEFN²T EF MB &YQP GFSJB UFOFNPT BMHP QPS PGSFDFSMF B MB HFOUF UPEP FM BÁPw : OP MP EJDF B MB MJHFSB /P JNQPSUB FO RV¹ NP NFOUP EFDJEBT IBDFS NBMFUBT Z MBO[BSUF B MB BWFOUVSB "RV½ UF QSFTFOUBNPT SB[POFT QPS MBT RVF "SBOEBT FT VO CVFO MVHBS QBSB QBTBS VOPT E½BT EF EFTDBOTP
-
1BTFBS QPS FM DPSB[°O EF MB DJVEBE
-PT "MUPT EF +BMJTDP TF DBSBDUFSJ[BO QPS MB NBFTUS½B FO FM VTP EF MB $BOUFSB Z TV $FOUSP )JTUÂSJ DP FT VO NBHO½GJDP FKFNQMP EF MB IBCJMJEBE EF TVT BS UFTBOPT {5F HVTUB MB BSRVJUFDUVSB P MP UVZP FT FM UVSJT NP SFMJHJPTP "RV½ UF TFOUJS²T DPNP FO VO QBSB½TP 4VT IBCJUBOUFT TF IBO FTNFSBEP FO DPOTFSWBS
.
*N O EF UVSJTUBT "MHP UJFOF "SBOEBT RVF FODBOUB B TVT WJ
TJUBOUFT Z MPT DPOWPDB EF UPEBT MBT MBUJUVEFT 4J WJ TJUBT MB DJVEBE EVSBOUF FTUB UFNQPSBEB WBDBDJPOBM FODPOUSBS²T VO BNCJFOUF NVZ DPTNPQPMJUB BQVO UB 1BPMB (VFSSFSP i1PS FTUBT GFDIBT UFOFNPT NV DIPT WJTJUBOUFT /PT MMFHB HFOUF EFM %JTUSJUP 'FEF SBM EF 5PMVDB EF (VBOBKVBUP Z MPT IJKPT BVTFOUFT RVF WVFMWFO EFM /PSUF QBSB QBTBS FTUBT GFDIBT FO FM UFSSVÁP DPMPSBEPw : UPEP FM BÁP FTU² BT½
FYQPTJDJPOFT HBTUSPOÂNJDBT FO FM NVOJDJQJP CBTBEBT FO MB HBTUSPOPN½B NFYJDBOB &TUP HB SBOUJ[B RVF BM NFOPT FM QSJNFS USJNFTUSF EFM BÁP FTUBS² NVZ BDUJWP FO FM DBNQP EF BOUPKJ UPT Z TBCPSFT FO MB DJVEBE
3
&- */'03."%03 t ' (0/;«-&;
&M UFRVJMB
/P TF QVFEF QFOTBS FO "SBOEBT TJO SFDPSEBS RVF BRV½ UBNCJ¹O TF EB FM UFRVJMB Z EF 5JFOFT RVF WJTJUBS FM 5FNQMP EF 4BO MB NFKPS DBMJEBE -BT SVUBT UFRVJMFSBT MF IBO EB EP GBNB SFDJFOUF BM NVOJDJQJP Z UPEP CVFO DBUB +PT¦ 0CSFSP 'VF DPOTUSVJEP DPO JOGMVFODJBT EFM OFPHÂUJDP EPS EFCF BQPTUBS QPS WJTJUBS BM NFOPT VOB NFYJDBOP " VO DPTUBEP ZB TPCSF MB QMB[B QSJODJ QBM TF FODVFOUSB MB DBNQBOB P NFKPS EJDIP VOB -B CFMMF[B GFNFOJOB DBNQBOPUB -F BQPEBO i-B SFJOB EFM TJMFODJPw Z FT 4FQUJFNCSF FT FM NFT DVBOEP TF DPSP MB N²T HSBOEF EF UPEB -BUJOPBN¹SJDB 4FODJMMB OB B MB SFJOB EF CFMMF[B EF "SBOEBT &T VOB EF MBT NFOUF JNQSFTJPOBOUF Z FT SFNBSDBCMF RVF TF FO iFOUSPOJ[BDJPOFTw N²T QPQVMBSFT EF UPEP FM &T DVFOUSF FO OVFTUSP &TUBEP UBEP Z EF BRV½ WJFOF CVFOB QBSUF EF MB GBNB RVF UJFOF MB DJVEBE DPNP VOB EF MBT DVOBT EF MBT NVKFSFT N²T HVBQBT EF +BMJTDP (BTUSPOPNªB /P WBT B QSPCBS DBSOJUBT DPNP MBT EF "SBOEBT 4PO EFMJDJPTBT Z FTU²O CJFO TFSWJEBT BEF 'JFTUBT EF BCSJM Z TFQUJFNCSF N²T EF RVF UJFOFO VO TBCPS GSFTDP UBO QSPQJP EF MB "IPSJUB IBZ GFSJB QFSP FO BCSJM Z [POB 1FSP IBZ NVDIP N²T &T MB VSCF UF WBT B UP TFQUJFNCSF UJFOFO N²T GJFTUBT QPSRVF DPNP QBS DBTJ FO DBEB FTRVJOB BM NFOPT VOB UBRVF MP TFÁBMB MB KFGB EF UVSJTNP iFO "SBOEBT OPT S½B 4J UF HVTUB WJBKBS QBSB FYQFSJNFOUBS TBCPSFT HVTUB NVDIP DFMFCSBSw BRV½ WBT B QBTBS VOB CVFOB UFNQPSBEB &O TFQUJFNCSF UJFOFO VOB DBCBMHBUB RVF DPOWPDB JHVBM B KJOFUFT EF UPEB MB 3FQÈCMJDB F JODMVTP EFM FYUSBOKFSP -PT RVFTPT 1BSB NVDIPT QPES½B TFS VOB TPSQSFTB QFSP FO "SBOEBT DVFOUB UBNCJ¹O DPO VOB FOPSNF -B &YQPGFSJB Z FYRVJTJUB WBSJFEBE EF RVFTPT -B JOEVTUSJB EF 4J EFDJEFT WJTJUBS "SBOEBT EFTEF M²DUFPT TF IB EFTBSSPMMBEP CBTUBOUF FO MPT ÈMUJNPT IPZ P IBTUB FM EF FOFSP QPES²T EJT BÁPT Z WBMF MB QFOB RVF QSVFCFT MP MFKPT RVF IBO GSVUBS EF TV GFSJB )BZ FYQPTJDJPOFT HBTUSP MMFHBEP FO TV FMBCPSBDJÂO OÂNJDBT UFBUSP EFM QVFCMP DPODJFSUPT DPSSJ EBT EF UPSPT Z DIBSSFBEBT &O SFEFT TPDJBMFT FODVFOUSBT UPEP FM QSPHSBNB FO MB Q²HJOB -PT TBCPSFT RVF WJFOFO "SBOEBT FTU² CVTDBOEP MB TFEF EF EPT XXX GBDFCPPL DPN MBGJFTUBRVFOPTVOF
/
4
0
5
1
-,
2
RANA@=O
`ao_]jok 1BSB RVFEBSTF WÊ Ìi Ê*>À ÃÊ`iÊ À> `>Ã°Ê > iÊ `> >Ê£Ó °Ê/i jv \Êä£ÊÎ{nÊ ÇnÎÊ£änÎ°Ê Ê W Ìi Ê-> Ì>Ê ?ÀL>À>°Ê > iÊ i` >Ê ÃVi V ÊxxÎ°Ê /i jv \Êä£ÊÎ{nÊÇnÎÊÎÇÎÇ°
&- */'03."%03 t 7 ("3$¶" 3&.64
+BSE¤O EF 4BO 'SBODJTDP 6OP EF MPT SJODPOFT N T USBEJDJPOBMFT EF 4BO -VJT 1PUPT¤ MJTUP QBSB TFS FYQMPSBEP QPS MPT WJTJUBOUFT
Ob\^gm^ @Zk\ Z K^fnl
-
BT DBMMFT (VFSSFSP 7B MMFKP Z (BMFBOB EF 4BO -VJT 1PUPT½ EFMJNJUBO FM IFSNPTP +BSE½O EF 4BO 'SBODJTDP .BSU½O &SOFT UP (BSD½B .VÁP[ QVTP FO UJOUB i&M NPOVNFOUP N²T TJHOJGJDBUJWP DPOTUSVJEP FO FM TJHMP 97** QPS MPT GSBO DJTDBOPT EF B TFS² FM DPOWFO UP Z FM UFNQMP EF 4BO 'SBODJTDP PCSB RVF OPT FOGBUJ[B MB DBMJEBE Z MB TFODJMMF[ EF MP RVF TF DPOPDF DPNP CBSSPDP TPCSJP NF[ DMBEP DPO CBSSPDP TBMPNÂOJDPy MB TB DSJTU½B EF MB JHMFTJB EFM TJHMP 97*** &O FM UFNQMP EFM DPOWFOUP TF FODPOUSBCBO SFUB CMPT CBSSPDPT EF NBEFSB TPCSFEPSBEB RVF TF EFTUSVZFSPO FO FM TJHMP 9*9 4JO FNCBSHP MPT GSBODJTDBOPT DPOTPMJEBSPO FO MP RVF IPZ FT MB QMB[B EF 4BO 'SBODJT DP VOB DJVEBEFMB DFSSBOEP FM DPOKVOUP EPT UFNQMPT EF NFOPS JNQPSUBODJB FO KF SBSRV½By &M EF MB 5FSDFSB 0SEFO GVF DPOT USVJEP FO DPNP QBSUF EFM DPOWFOUP &O TV QPSUBEB TF FODVFOUSBO JN²HFOFT EF 4BOUB *TBCFM EF )VOHS½B 4BO 'FSOBOEP Z 4BO -VJT 3FZ EF 'SBODJB B MPT RVF FTU² EF EJDBEP FM UFNQMP &O GSBZ +PT¹ EF "S MFHVJ DPOTUSVZÂ FM UFNQMP EF /VFTUSB 4F ÁPSB EF -PT 3FNFEJPT 4BHSBEP $PSB[ÂO BT½ MB QMB[B GPSNBCB VO BUSJP QBSB MPT USFT UFNQMPT B QSJODJQJPT EFM TJ HMP 97***w 1PS MB UBSEF GVJNPT BM +BSE½O EF 4BO 'SBODJTDP BVORVF TV OPNCSF PGJDJBM FT
i(VFSSFSPw QFSP IB QSFEPNJOBEP 4BO 'SBODJTDP QPS TV BÁFKP UFNQMP /PT EJP MB CJFOWFOJEB VOB CPOJUB FTDVMUVSB EF VO IPNCSF EF QJF DPO FM QBOUBMÂO NBM GBKB EP TJO DBNJTB QFSP DPO DBTBDB TPNCSF SP BMUP Z EF BMB DPSUB DPMHBEP VO NPSSBM DPO VO KBSSP TBMJFOUF EF FYQSFTJÂO BMFHSF FSB +VBO EFM +BSSP 3BGBFM .POUFKBOP Z "HVJÁBHB DJUÂ +VBO EF %JPT "[½PT DBSF DJFOEP EF UPEP BCVOEBCB FO DS¹EJUP Z FT UJNBDJÂO Z BMMFHBOEP QBSB PUSPT NFO ESVHPT Z EFTFDIPT BMMFHÂ QBSB T½ DBSJÁPT Z SFTQFUPTy MB WFTUJNFOUB FM BOEBS MB FT UBNQB MB TVTUBODJPTB DIBSMB FM KBSSP EJF SPO QSFTUBODJB B FTF OVFWP NFOEJHPy UP EP CPOEBE UPEP BNPS BM QSÂYJNP DVBOUP SFDPH½B MP SFQBSU½B MVFHP B PUSPT OFDFTJ UBEPT Z OBEB EFKBCB QBSB T½y /P WJW½B N²T RVF QBSB IBDFS DBSJEBEFTy -P CVTDBCBO NVDIP QPS TVT JOGBMJCMFT BEJWJOBDJPOFTw &M SPN²OUJDP +BSE½O FT EF QMBOUB SFD UBOHVMBS BOJNBEP QPS HSVFTPT ²SCPMFT VOPT GPMMBKFT TF SFGMFKBCBO FO VOB GVFOUF DJSDVMBS EF EPT DPQBT UBNCJ¹O TF SFGMFKB CB VO GSBHNFOUP EF MB BUSBDUJWB QPSUBEB EFM UFNQMP EF 4BO 'SBODJTDP -B QVFSUB DPO DBQJUFMFT EÂSJDPT Z BSDP QPMJHPOBM DPO EFDPSBDJÂO CBSSPDB FM FTDVEP GSBODJTDB OP FO MB DMBWF %PT DPMVNOBT FTUSJBEBT DPO DBQJUFMFT EÂSJDPT QPS MBEP FOUSF FMMBT 4BO #VFOBWFOUVSB Z 4BO "OUPOJP "SSJCB EF MB DPSOJTB Z FO FM FKF EF MB QVFSUB VO CVFO OJDIP DPO FM IFSNBOP EF "T½T MBT DP MVNOBT TF SFQJUFO QFSP TBMPNÂOJDBT Z
FOUSF FMMBT MBT WFOUBOBT EFM DPSP WFSUJDB MFT Z DPO SFKB -B DPSOJTB POEVMBEB Z DPO WPMVUBT BM DFOUSP QPTB 4BO -VJT 0CJTQP GMBORVFBEP QPS EPT GSBJMFT " MPT DPTUBEPT EF MB QPSUBEB TF MFWBOUBSPO DBNQBOBSJPT RVF OP BSNPOJ[BO FM J[RVJFSEP FM QSJNJ UJWP EF QMBOUB DVBESBEB Z EF EPT DVFSQPT FM QSJNFSP DPO VO WBOP BSRVFBEP QPS DB SB Z FONBSDBEP QPS NFEJBT DPMVNOBT TB MPNÂOJDBT FM TFHVOEP PDUBHPOBM &M EFSF DIP QPTUFSJPSNFOUF BEPTBEP Z EF UBNBÁP EFTQSPQPSDJPOBEP EFNBTJBEP HSBOEF FMFNFOUP RVF SPNQF MB BSNPO½B EFM DPO KVOUP &O FM JOUFSJPS BQSFDJBNPT WFTUJHJPT EFM ÂSHBOP UVCVMBS CBSSPDP DPO TV USJCV OB TPQPSUBEB QPS DBCF[BT EF MFÂO QJOUV SBT EF "OUPOJP 5PSSFT RVF NBOJGJFTUBO QBTBKFT MB WJEB EF 4BO 'SBODJTDP MB DBVUJ WBEPSB DÈQVMB EF UBNCPS PDUBHPOBM Z EF PDIP HBKPT DPO MJOUFSOB Z MB TBDSJTU½B DFS DB EF MB QVFSUB FM IFSNBOP NBZPS Z GSBZ -FÂO QJMBSFT FTU½QJUFT UFDIBEB DPO DÈQV MB TJNJMBS B MB EFM UFNQMP %FM DPTUBEP EFSFDIP EFM UFNQMP BE NJSBNPT FM FEJGJDJP EF -B -POKB FEJGJDB EP FO DPO CPOJUPT CBMDPOFT FO TVT EPT GBDIBEBT Z EFM DPTUBEP J[RVJFSEP VO QPSUBM EF USFT BSDPT Z FM UFNQMP QSFTCJUF SJBOP DPO VOB UPSSF DPO QVFSUB Z VOB WFO UBOB QPS MBEP HÂUJDPT Z BSSJCB EF MB QVFS UB VOB HSBO WFOUBOB HÂUJDB SFCBTBOEP FM OJWFM EFM UFDIP B EPT BHVBT DPO QFOEJFO UF QBSB OJFWF
1"; 505"- 6O EÓB EF UBOUPT FO FM +BSEÓO EF 4BO 'SBODJTDP QVOUP EF FODVFOUSP QFSGFDUP QBSB RVJFOFT CVTDBO VO SFTQJSP B TV QBTP QPS MB DJVEBE EF 4BO -VJT 1PUPTÓ
%PNJOHP EF FOFSP EF
1~(*/" %
&- */'03."%03
IeZrZ IhlmZe^l ]^ eZ \^e^[kZ\b g
$PO TBCPS B NBS "'1
%6/,&326& &O 'SBODJB O P TF EFKBSPO WFODFS QPS FM NJFEP Z TF FOUSFHBSPO B MB DFMFCSBDJØO Q PS MB MMFHBEB EFM "×P /VFWP
&'&
.JMFT EF UVSJTUBT EFDJEJFSPO EBSMF MB CJFOWFOJEB BM DPO VO HSBO DIBQV[ªO FO QMBZBT EF UPEP FM NVOEP
3
$PQBDBCBOB JOPMWJEBCMF 'JFTUB Z #SBTJM TPO DBTJ TJOÂOJNPT : FO 3½P EF +BOFJSP TF BSNÂ VOB EF MBT DFMFCSBDJPOFT N²T JNQSF TJPOBOUFT EF UPEP FM QMBOFUB NJMMPOFT EF QFSTPOBT TF SFVOJFSPO FO MB QMBZB EF $PQBDBCBOB QBSB EFTQF EJS MB /PDIFWJFKB 'VFSPO NVDIBT MBT SB[POFT QPS MBT RVF MB DFMF CSBDJÂO TF TJOUJÂ EJGFSFOUF FTUF BÁP FO MB OBDJÂO DB SJPDB &O QBSUF QPSRVF TF DPONFNPSB FM DFOUFOBSJP EF MB TBNCB SJUNP OBDJPOBM EFM QB½T TVEBNFSJDB OP Z UBNCJ¹O QPSRVF MB FOUSBEB EF NBSDB FM BSSBORVF EFM BÁP PM½NQJDP QVFT 3½P BMCFSHBS² MPT KVFHPT FO VOPT DVBOUPT NFTFT {: MB GJFTUB .BSBWJMMPTB 'BNJMJBT QBSFKBT Z BNJHPT DPQBSPO MB BSFOB EF $PQBDBCBOB EJTGSVUBO EP EF MPT TPOJEPT RVF MB DJVEBE PGSFDF QPS MB OPDIF BM UJFNQP RVF TF EFTQMFHÂ VOB EF MBT GJFTUBT N²T HSBO EFT RVF TF IBZB EFTQMFHBEP FO UPEP FO QMBOFUB -B DIBNQBÁB Z MPT QJDBÁB DPSSJFSPO BMFHSFNFOUF FOUSF MPT KVFSHVJTUBT RVF SFDJCJFSPO FM BÁP FOWVFMUPT FO VOB OVCF EF QJSPUFDOJB Z BSSPQBEPT QPS MBT D²MJEBT BHVBT EFM "UM²OUJDP
Ê -/
FDJCJS FM BÁP OVFWP FO MB QMB ZB %FDJSMF BEJÂT BM QBTBEP FO VO NBSDP FTQMFOEPSPTP Z QSF QBSBSTF EF MB NFKPS NBOFSB QBSB SFDJCJS MPT QSÂYJNPT NF TFT 6OB DFMFCSBDJÂO NBHOB {/P TVFOB QFSGFDUP -B JEFB EF FTDVDIBS MBT EPDF DBNQBOBEBT BM SJUNP EF MBT PMBT TF DPOWJSUJÂ FO FM QMBO EF NJMMPOFT EF QFSTP OBT RVF FM QBTBEP EF EJDJFNCSF TF MBO[BSPO B MPT QSJO DJQBMFT EFTUJOPT NBS½UJNPT EFM NVOEP QBSB EFDJSMF iIP MBw BM OBDJFOUF %FTEF MBT QMBZBT EF #SBTJM IBTUB MBT BHVBT EF +B QÂO %FTEF BRVFMMPT RVF CVTDBSPO VO DIBQV[ÂO FO FM .BS "ESJ²UJDP IBTUB MPT RVF NJSBCBO FYUBTJBEPT MPT KVFHPT QJSPU¹DOJDPT FO BMHÈO SJODÂO EF "VTUSBMJB &M NBS GVF FM NBSDP QFSGFDUP QBSB EBSMF VO CPOJUP BEJÂT &YQFSJFODJB FVSPQFB B Z MB QSPNJTPSJB CJFOWFOJEB B VO BÁP RVF QSP 'SBODJB WJWJÂ VO GJO EF BÁP DPNQMJDBEP -B DFMF NFUF NVDIBT BWFOUVSBT CSBDJÂO FO 1BS½T GVF TPCSJB BVORVF FO FM SFTUP EFM UF SSJUPSJP UVWP N²T DPMPS Z NFOPT UFOTJÂO %VOLFSRVF BM /PSUF EF FTF QB½T GVF UFTUJHP EF &M FTUJMP EF 0DFBOªB 4F EJDF RVF FM "ÁP /VFWP FO "VTUSBMJB OP TF QB MB MMFHBEB EF NJMFT EF GBNJMJBT RVF WFTUJEBT DPO MB SFDF B OJOHÈO PUSP Z BMHP EF SB[ÂO UJFOF MB JEFB QPS USBEJDJPOBM CPJOB Z DPO MPT DPMPSFT EF MB CBOEFSB QJO RVF FT FO FTUB [POB EFM QMBOFUB EPOEF TF DFMFCSB QSJ UBEPT FO FM SPTUSP DPOWJSUJFSPO MBT BHVBT EFM QVFSUP NFSP &O 4ZEOFZ MPT GVFHPT BSUJGJDJBMFT TF SFGMFKBO FO FM $FOUSP EF TV GJFTUB &TUF IB TJEP VO BÁP QBSUJDV TPCSF MBT BHVBT EFM PD¹BOP BM UJFNQP RVF TF JMVNJOB MBSNFOUF D²MJEP FO MB [POB EF DBTJ HSBEPT DFOU½ MB GJFTUB FO TV GBNPTP QVFSUP RVF FTUF BÁP MVDJÂ MMF HSBEPT MP RVF GVF BQSPWFDIBEP QPS NJMFT EF CBÁJT OP UBOUP EF CBSDPT DPNP EF UVSJTUBT CVTDBOEP VOB UBT "M 4VS EFM QB½T HBMP FO "OHMFU FM DMJNB UBNCJ¹O CVFOB GJFTUB $PNP TJFNQSF EPOEF TF MVDFO MPT "VTUSBMJBOPT BZVEÂ B MPT WJTJUBOUFT &O VO BNCJFOUF N²T NFEJUF FT FO MPT FTQFDU²DVMPT EF HSBO GPSNBUP Z DVBOEP IBZ SS²OFP Z DPTNPQPMJUB MPT IBCJUBOUFT Z UVSJTUBT SFVOJ QJSPUFDOJB TBCFO DPNP EFTQMFHBSMB &TUF BÁP MP IJDJF EPT TF EJFSPO VO CVFO DIBQV[ÂO &M .BS "ESJ²UJDP FOUSF *UBMJB Z MPT QB½TFT CBMD² SPO QJOUBOEP FO FM DJFMP NBSBWJMMPTBT GJHVSBT EF DBT DBEBT NVMUJDPMPSFT Z FGFDUPT FO GPSNB EF NBSJQPTBT OJDPT UBNCJ¹O EFKÂ FYQVFTUP TV DPMPS 1PS FKFNQMP FO FM 1PSUPSPÍ &TMPWFOJB MB HFOUF TVFMF BSSPKBSTF B QVMQPT Z GMPSFT -B OBDJÂO WFDJOB EF /VFWB ;FMBOEB FM QSJNFS QB MBT BHVBT EFTEF NVZ UFNQSBOP EFTBGJBOEP BM S½P QB ½T DPO VO OÈNFSP JNQPSUBOUF EF IBCJUBOUFT RVF FOUSB SB EFDJSMF IPMB BM OVFWP BÁP EFTBGJBOEP MBT H¹MJEBT FO FM BÁP OVFWP SFDJCJÂ B SFBMJ[BOEP VOB DVFOUB UFNQFSBUVSBT {2V¹ N²T EB DVBOEP FM QSFUFYUP FT DF BUS²T FO MPT TFHVOEPT QSFWJPT B MB NFEJBOPDIF TJHVJFO MFCSBS %FSJWBEP EFM JUBMJBOP i1PSUPSPTFw 1VFSUP EF MBT EP VO SFMPK EJHJUBM HJHBOUF JOTUBMBEP FO MB QPQVMBS 4LZ 5PXFS EF "VDLMBOE 4F IJDJFSPO TPOBS CPDJOBT Z MPT 3PTBT 1PSUPSPÍ FT VO QVFSUP WBDBDJPOBM RVF TF IB BTJTUFOUFT MBO[BSPO W½UPSFT DVBOEP MB UPSSF TF FODFO JEP HBOBOEP GBNB FO BÁPT SFDJFOUFT HSBDJBT B TVT IP EJÂ DPO GVFHPT BSUJGJDJBMFT DPO DPMPSFT RVF DBNCJBCBO UFMFT EF MVKP Z FYRVJTJUB DPDJOB RVF NF[DMB MP N²T HSBOBEP EF MB HBTUSPOPN½B EF &VSPQB DFOUSBM EFM WFSEF BM SPKP Z BM CMBODP
&4-07&/*" -B QMBZB EF 1PSUPSPä FO FM .BS "ESJÈUJDP BUSBKP B NJMFT EF BWFOUVSFSPT FO CVTDB EF VO DIBQV[ØO
"'1
o]^an i o
/P FO UPEPT MBEPT - ÊL i Ê >ÊVi iLÀ>V Ê`i Ê Ê ÕiÛ ÊÃÕi iÊÃiÀÊV à `iÀ>`>Ê} L> ]Ê ÊV iÀÌ Ê iÃʵÕiÊi ÊÛ>À >ÃÊ >V iÃÊ`iÊ Ã >ÊÞÊ vÀ V>ÊiÃÌ?Ê V Õà ʫÀ L `>Ê ÊÃiÊ V à `iÀ>ÊÕ >Êv iÃÌ>ʺiÝ ÌÀ> iÀ>»°
$01"$"#"/" $BTJ EPT NJMMPOFT EF QFSTPOBT TF DPOHSFHBSPO FO MB QSJODJQBM QMBZB CSBTJMF×B
@A RE=FAO U =RAJPQN=O
-FPOBSEP %B7JMDIJT¿ QJOUPS 6O UBMFOUP FNBOBEP EFM CBSSJP DBQJUBMJOP EF -B -BHVOJMMB RVF BIPSB FT BQSFDJBEP FO &VSPQB FYIJCJFOEP TV BSUF FO FM BGBNBEP NVTFP EF -PVWSF EF MB DBQJUBM GSBODFTB
I^]kh ?^kg g]^s Lhf^ee^kZ
3
FDPSSJFOEP MPT QBTJMMPT EFM JN QSFTJPOBOUF .VTFP EFM -PVWSF FO 1BS½T UVWF MB TVFSUF EF FODPO USBSNF DPO MBT TPSQSFOEFOUFT PCSBT EF VO HSBO QJOUPS CBVUJ[B EP DPNP -FPOBSEP %B7JMDIJT "M BDFSDBSNF B FTB PCSB UBO TVJ H¹OFSJT QV EF WFS RVF FO MB FTRVJOB JOGFSJPS EFSFDIB EF DB EB VOB EF MBT QJOUVSBT PTUFOUBCB MB EFDJEJEB Z SPUVOEB GJSNB RVF TJO EVEB BMHVOB EFD½B 7JM DIJT %JDIB SÈCSJDB NF IBD½B WFS MB DMBSJEBE TF HVSJEBE Z FTQPOUBOFJEBE EF TV PSHVMMPTP BVUPS "M TFHVJS BOBMJ[BOEP FM HSBGJTNP BRVFM QV EF OPUBS RVF TV GBDUVSB QSPWFO½B EF GFDIB SFDJFO UF Z TV QSPDFEFODJB FSB OBEB NFOPT RVF `&M CB SSJP EF -B -BHVOJMMB EF MB $JVEBE EF .¹YJDP : OP CBTUBOEP DPO FTP MPT BMUBWPDFT EFM MV KPTP QBTJMMP EFM .VTFP EFM -PVWSF FO FM DPSB[ÂO
EF 1BS½T MB WP[ EF 7JDFOUF 'FSOBOEF[ FOUPOBCB MB GBNPTB DBODJÂO NFYJDBO½TJNB Z NBDIJTUB EF +PT¹ "MGSFEP +JN¹OF[ RVF BTFHVSBCB RVF QF TF B UPEPy iTJHP TJFOEP FM SFZw &TP NF BSSBTUSÂ IBTUB OVFTUSP .¹YJDP TVSSFBMJTUB B NJMFT EF LJ MÂNFUSPT EF EJTUBODJB &M IFDIP EF FODPOUSBSNF DPO UPEBT FTUBT FY QSFTJPOFT EF NFYJDBOJEBE RVF FSBO FYIJCJEBT FO VO MVHBS UBO VOJWFSTBM NF QBSFDJÂ FYUSBPSEJOBSJP 4BCFS RVF BMHVOBT EF MBT N²T ½OUJNBT SB½DFT EFM QVFCMP NFYJDBOP NFTUJ[P Z DPOUFNQPS²OFP IVCJFSBO JNQSFTJPOBEP EF UBM NBOFSB B BMHVJFO RVF MBT IVCJFSB DPOTJEFSBEP UBO WBMJPTBT DPNP QB SB FYQPOFSMBT FO VO MVHBS UBO QSFTUJHJBEP DPNP FT UF GSBODBNFOUF NF MMFOÂ EF PSHVMMP 1JOUBS MB WJEB DPO DPMPSFT QVEJFOEP QMBTNBS FO FMMBT MPT TFOUJNJFOUPT EF MB HFOUF DP NÈO EFM QVFCMP NF QBSFDJÂ BENJSBCMF -B CFMMF
[B RVF FYJTUF FOUSF MP SFMBUJWP Z MP SFBMNFOUF TV DFEJEP FO FM E½B DPO E½B EF MB WJEB BDUVBM GVF MP RVF MMBNÂ MB BUFODJÂO B RVJFOFT TFMFDDJPOBSPO FTUBT DPNQPTJDJPOFT UBO OBUVSBMFT -PT TFOUJEPT Z OP FM JOUFMFDUP -BT TFOTBDJPOFT Z OP MPT DPO DFQUPT -BT JEFBT Z OP MBT DPTBT -P DPODSFUP Z OP MBT BCTUSBDDJPOFT TF FYQMJDBCB FO MPT GPMMFUPT FO MB NFTB EF MB SFDFQDJÂO " 'SFEFSJD .PJTBO TF MF EFCF FM IBCFS USB½EP BM NVTFP B FTUF JOHFOVP QJOUPS RVF UBO NPEFTUB NFOUF FYIJC½B TVT USBCBKPT FO MPT UJBOHVJT EF -B -BHVOJMMB : B (VTUBW -F $MF[JP QSFNJP /PCFM EF -JUFSBUVSB FM IBCFS BQSFDJBEP JHVBMNFOUF MB CFMMF[B EF FTUBT QJOUVSBT i/BJWFw BQPZBOEP MB JEFB EF RVF GVFSB EJHOBNFOUF DPMHBEP FO MBT QB SFEFT EFM NVTFP OBEB NFOPT RVF BM MBEP EF VOB QJOUVSB EF MB GBNPTB 'SJEB #JFO TF EJDF RVF DB EB NVTFP FT VO NVOEP FOUFSP
/VFTUSP BSUJTUB RVF DPNFO[Â WFOEJFOEP TVT IVNJMEFT QJOUVSBT Z iFY WPUPTw FO QFRVFÁPT GPS NBUPT FO MPT CBSSJPT EF 5FQJUP BIPSB DPO TVT FY QSFTJPOFT UBO BVU¹OUJDBT EFM GPMDMPSF EF OVFTUSP NVOEP NFYJDBOP UBO FYÂUJDP DPNP FYUSBPSEJ OBSJP Z TPSQSFOEFOUF IB QBTBEP EF TFS "MGSFEP 7JMDIJT B VO SFDPOPDJEP BSUJTUB BQPEBEP BVO RVF TFB FO UPOP EF CSPNB TBOB Z DPO VO EFKP EF BENJSBDJÂO DPNP -FPOBSEP %B 7JMDIJT 2VJFOFT IBZBO UFOJEP FM QSJWJMFHJP MB QB DJFODJB Z FM BSUF EF DVSJPTFBS Z iDIBDIBSFBSw QPS FM CBSSJP EF -B -BHVOJMMB QPTJCMFNFOUF IBZB UF OJEP MB PQPSUVOJEBE EF FODPOUSBS BMHVOBT QJF [BT UPEBW½B QPS BI½ FYIJCJEBT FO VO UFOEFSFUF TPCSF MB CBORVFUB EF "MGSFEP 7JMDIJT 3PRVF P EF BMHVOP EF TVT IJKPT RVJFOFT IBO TFHVJEP MB FTDVFMB EF TV QBESF 4JO FNCBSHP EFCP UBNCJ¹O EF DPOGFTBS RVF %PO "MGSFEP yB WFDFT MF BUJOB Z B WFDFT TF MF QB UJOBy QFSP WBMF MB QFOB CVTDBSMP QBSB BOBMJ[BS DPO EFUFOJNJFOUP BMHVOB EF TVT PCSBT RVF BVO RVF FTU¹O FO MB -BHVOJMMB 4V QJOUVSB FT UBO CVF OB Z UBO /BJWF DPNP MPT NJTNPT TFOUJNJFOUPT EFM QVFCMP NFYJDBOP )BCJFOEP TBMJEP EFM CBSSJP EF 5FQJUP Z MB -B HVOJMMB HSBDJBT B TV BSUF FNQFÁP Z DPOTUBODJB Z IBDJFOEP MBT DPTBT CJFO Z DPO BNPS %PO "MGSF EP IB QPEJEP USBTDFOEFS IBTUB MMFHBS BM GBNPTP -PVWSF FO EPOEF DBSJÁPTBNFOUF MMBNBO FM -FP OBSEP %B 7JMDIJT NFYJDBOP 5BNCJ¹O TVFMF PQJOBS %PO "MGSFEP RVFy `1BS½T CJFO WBMF VOB NJTBy WZB!JOGPSNBEPS DPN NY
1~(*/" #
&- */'03."%03 &- */'03."%03
%PNJOHP EF FOFSP EF
>À ÃÊ À }Õi
Õ> Ê*> >À
9 ,Ê "-
, "Ê Ê1 Ê -* / ",
CXj ]`\jkXj [\Z\dYi`eXj &TQFSBOEP RVF IBZB UFOJEP VOB GFMJ[ OBWJEBE RVJFSP QMBUJRVFNPT TPCSF ¹TUBT GJFTUBT EFTEF MVFHP RVF OP IBZ VOJEBE FO DVBOUP BM DPODFQUP EF MB NJTNB Z WBSJBS² EFQFOEJFOEP EFM RVF GFTUFKF Z BT½ TFS² UBO W²MJEP FM RVF DPONFNPSB FM OBDJNJFOUP EF $SJTUP FM RVF MP GFTUFKB DPNP UBM QFSP BEFN²T BEPQUB UPEBT MBT DPTUVNCSFT DP NFSDJBMFT Z IBCS² PUSPT QBSB MPT RVF TJNQMFNFOUF TFS² VO FWFO UP TPDJBM Z NFSDBEPMÂHJDP Z B NJ KVJDJP DBEB RVJFO GFTUFKB Z BT½ EF CF IBDFSMP DPNP MF QFHVF MB HBOB Z OP UFOFNPT QPS RVF USBUBS EF DPOWFODFS B MPT RVF QJFOTBO EJGFSFOUF B OPTPUSPT B NJ FT VOB GJFT UB RVF NF HVTUB NVDIP FO UPEPT TVT BTQFDUPT UBM WF[ NFOPT FO MB QBSUF EF MBT DPNQSBT QPSRVF TPZ N²T CJFO UBSSBDP Z OP NF HVT UBO MPT UVNVMUPT QFSP NF HVTUBO UPEPT MPT EFN²T BTQFDUPT EFTEF MBT OBSSBDJPOFT EFM OBDJNJFOUP o TPCSF UPEP MPT N²T TFODJMMPT MBT QPTBEBT MBT QSFGJFSP TJO QJÁBUBT QVFTUP RVF TJNF MBO[BSB TPCSF MPT GSVUPT QPES½B NBUBS B BMHVJFO PMBTUJNBS NJ WPMVNJOPTB IVNBOJ EBE UBNCJ¹O NF HVTUBO MBT SFVOJPOFT Z GSBUFSOJEBE GBNJMJBS Z EF USBCBKP P EF BNJTUBEFT Z DPNP CVFO USBHÂO RVF TPZ EFTEF MVFHP NF GBTDJOB MB DPNJEB RVF TJFNQSF UJFOF FO OVFTUSP FOUPSOPBMHVOB DFS DBO½B DPO FM UFNB SFMJHJPTP Z SFDVFS >ÃÊ« Ã>`>ÃÊ >ÃÊÊ EP VO WFSTJUP RVF FTDVDI¹ FO NJ JO GBODJB Z RVF EFD½B i 2VF OBDJ +FTÈT «Àiv iÀ Êà ʫ >Ì>Ã]Ê CVÁVFMPT RVF NVSJ MBT FNQBOB «ÕiÃÌ ÊµÕiÊÃ Ê iÊ EBT RVF TVCJ HMPSJPTP BM DJFMP TV > â>À>Êà LÀiÊ ÃÊÊ DVMFOUBT UBNBMBEBTw : FO NBUFSJB BMJNFOUJDJB MB WBSJF vÀÕÌ Ã]Ê« `À >Ê >Ì>ÀÊ>Ê EBE FT JOGJOJUB Z RVF DBEB GBNJMJB P > }Õ i Ê Ê >ÃÌ >ÀÊÊ HSVQP TPDJBM UJFOF TVT QSPQJBT DPT UVNCSFT RVF IBZ RVF EFDJS RVF UJFOF ÊÛ Õ Ã>Ê DVBOEP NFOPT FO NJ DBTP VO NVDIP Õ > `>` EF SFDVFSEP Z QPDP EF OPWFEBEFT BVORVF DBTJ TJO TFOUJSMP TF WBO IB DJFOEP NPEJGJDBDJPOFT B MB GJFTUB FO MB DBTB QBUFSOB Z BOUFT FO MB DBTB EF NJT BCVFMPT TF VUJMJ[BCB JS B NJTB EF HBMMP FO MB OPDIF CVFOB Z EFTQV¹T SFVOJSOPT B DFOBS DPOTPN¹ QBWP DBNBSPOFT TPVGGM¹ EF RVFTP Z DIPDPMBUFT )BDF BÁPT GBMUBSPO NJT QBESFT QFSP FO MP QPTJCMF Z HSB DJBT QSJODJQBMNFOUF B MBT NVKFSFT EF MB GBNJMJB RVF TF QPOFO VOB GSJFHB DPO DBSJÁP Z HFOFSPTJEBE TF TJHVF IBDJFOEP MB DFOB Z FM SF DBMFOUBEP FM E½B EF OBWJEBE Z DPO FM BHSFHBEP EF MPT IJKPT QVFT ZB TF IBDF CVFOB CPMB 1BSB NVDIPT FTQFDJBMNFOUF QBSB MPT OJÁPT UJFOFO HSBO JNQPS UBODJB MPT SFHBMPT RVF BI½ TJ MFT FODVFOUSP TFOUJEP KVHVFUFT RVF EF NVFTUSBO RVF OP FT MB DBMJEBE OJ MB DBOUJEBE EF MPT NJTNPT FT MP GVO EBNFOUBM ZB RVF MPT JOGBOUFT TF EJWJFSUFO DPO DVBMRVJFS PCKFUP QFSP FT NVZ BHSBEBCMF WFSMPT KVHBS 0USB WBSJFEBE EF GFTUFKPT N²T SFDJFOUFT TPO BRVFMMPT RVF EF DJEFO WBDBDJPOBS FO FTUBT GFDIBT MP RVF BOUFT OP FSB NVZ VTVBM QF SP BDUVBMNFOUF NVDIBT GBNJMJBT EFDJEFO JS B MBT QMBZBT Z FO HFOF SBM DFOUSPT UVS½TUJDPT Z BMM½ GFTUFKBS²O 1PS FMMP Z TFB DPNP VTUFE Z TV GBNJMJB P TVT BNJHPT IBZBO EF DJEJEP GFTUFKBS FTQFSP UFOHB NVDIP ¹YJUP Z OP QSFUFOEB NPEJGJDBS MPT HVTUPT RVF MPT PUSPT UFOHBO QBSB IBDFSMP
À > ` Ê â? iâÊ ÃV Ì
"-Ê " ", -ÊÊ
Ê/ *"
8ek`^lXj c\p\e[Xj -PT QVFCMPT NVFTUSBO MB SJRVF[B EF TV JOHFOJP FO MB DPOT USVDDJÂO EF TVT NBOJGFTUBDJPOFT DVMUVSBMFT QFSP UBNCJ¹O FO FM USBCBKP RVF SFBMJ[BO QBSB DPOTFSWBSMBT F JOOPWBSMBT TJO EFTGJHVSBSMBT 4FHVSBNFOUF FM FWBOHFMJTUB TBO .BUFP KBN²T JNBHJ O UPEP MP RVF TF EFTQSFOEFS½B EFM SFMBUP RVF FTDSJCJ BDFSDB EF MB WJTJUB EF VOPT NBHPT WFOJEPT EF 0SJFOUF VO SFMBUP N²T BKVTUBEP B MP TJNCÂMJDP EFM TVDFTP RVF B MPT EF UBMMFT QFSJPE½TUJDPT {$V²OUPT NBHPT FSBO {EF RV¹ TJUJP FTQFD½GJDBNFOUF WFO½BO {DÂNP TF MMBNBCBO {FO RV¹ UJ QP EF USBOTQPSUF MMFHBSPO {DÂNP WFTU½BO TJ WFO½BO EF WJBKF {RVJ¹OFT MPT BDPNQBÁBCBO 4F USBUB QVFT EF VO SF MBUP MP TVGJDJFOUFNFOUF BCJFSUP QBSB RVF MBT HFOFSBDJPOFT QPTUFSJPSFT TF IJDJFSBO FTUBT NJTNBT QSFHVOUBT Z MBT SFT QPOEJFSBO B USBW¹T EF EJWFSTPT FTDSJUPT RVF IPZ TF MMBNB S½BO FUJPMÂHJDPT QVFT GVFSPO SFEBDUBEPT NVDIPT BÁPT EFTQV¹T EF MPT BDPOUFDJNJFOUPT &O FM MFOUP QSPDFTP EF MB DPOTUSVDDJÂO EF FTUB GJFTUB FM DBS²DUFS UFPMÂHJDP JS² EF MB NBOP EFM QPQVMBS DPNQMF NFOU²OEPTF EF EJWFSTBT GPSNBT NVDIBT WFDFT DPNP FM FDP JONFEJBUP EF MBT DFMFCSBDJPOFT MJUÈSHJDBT GPSNBMFT DFÁJEBT BM JNQFSJP EFM UFYUP FWBOH¹MJDP )PZ E½B MB GJFTUB TF DPOTFS WB MMFWBOEP B DVFTUBT TJHMPT EF FMBCPSBDJPOFT DVMUVSBMFT 4J -i}ÕÀ> i ÌiÊi Ê HVF TJFOEP MB NBZPS GFTUJWJEBE OBWJEFÁB FO "TJB NFOPS Z UJFOF iÛ> }i ÃÌ>ÊÃ> Ê >Ìi Ê FTQFDJBM SFMFWBODJB FO &TQBÁB Z > ?ÃÊ >} ÊÌ ` ÊÊ FM NVOEP RVF BMHVOB WF[ EPNJ ʵÕiÊÃiÊ`iëÀi `iÀ >Ê O &O .¹YJDP NBOUJFOF TV WJ HFODJB EF MB NBSDB EF .JDIPB `i ÊÀi >Ì ÊµÕiÊiÃVÀ L Ê D²O BM 4VS TJ CJFO FM >ViÀV>Ê`iÊ >ÊÛ Ã Ì>ÊÊ BDPOUFDJNJFOUP DPNP UBM FT DF MFCSBEP FO UPEBT QBSUFT `iÊÕ ÃÊ >} ÃÊÊ %F BDVFSEP B MPT D²OPOFT Ûi ` ÃÊ`iÊ"À i Ìi DM²TJDPT EF MB USBEJDJÂO MPT NB HPT TJHVFO TJFOEP USFT BVORVF IPZ TFQBNPT RVF FYJTUFO N²T EF USFT DPMPSFT FO MB SB[B IVNB OB Z DPOTFSWBO TV DBS²DUFS SFHJP QPS N²T RVF SFZFT OVO DB IBZBO TJEP EF GBDUP TJ CJFO GVFSPO DBQBDFT EF SFDPOP DFS MB SFBMF[B EF $SJTUP FO VO OJÁP OBDJEP FO DPOEJDJPOFT EF QPCSF[B Z NBSHJOBMJEBE &TUPT TBOUPT SFZFT NBHPT UJFOFO MB NJTJÂO EF USBFS KV HVFUFT B OJÁPT EF NÈMUJQMFT SFHJPOFT QBSB RVF MPT OJÁPT BQSFOEBO B WBMPSBS FM HSBO SFHBMP RVF FT $SJTUP QBSB MB IV NBOJEBE FO UBOUP MPT BEVMUPT QBSUJDJQBOEP EF MB GJFTUB QVFEFO UFOFS FM QSJWJMFHJP EF FODPOUSBS BM NJTNP /JÁP %JPT CVTDBEP QPS MPT NBHPT FO FM JOUFSJPS EF VOB SPTDB EF USJHP Z GSVUBT Z DPNP DPOTFDVFODJB BQSFOEFS B DPNQBSUJS DPO MPT EFN²T FTUF QSJWJMFHJP FO MB TJHVJFOUF GJFTUB EFM EF GFCSFSP RVF IB EF TFS EF UBNBMFT Z BUPMF QPSRVF FO FTF E½B iTF MFWBOUB BM /JÁPw &TB FT MB SJRVF[B EF MBT FYQSFTJPOFT DVMUVSBMFT EPO EF MP TJNCÂMJDP TF JOUFHSB DPO MP GFTUJWP MB GF DPO MB HFOF SPTJEBE FM SFDJCJS DPO FM DPNQBSUJS BSNBOEP HPO!VOJWB NY
"UNPTG¹SJDBT &M [BOBUF DPTB FO FYUSFNP DVSJPTB TF BWFOUVSB -MF HB FO TV DBSBDUFS½TUJDP WVFMP EF USB[PT FYBDUPT Z NFEJUBEPT IBTUB MPT MBESJMMPT EF QFSÂO RVF DBEB E½B TPO N²T CPOJUPT CBKP MB QBSWB Q¹SHPMB QSÂEJHB 1FSP CJFO TF TBCF FM EFDJS QPQVMBS IB EFDSFUBEP RVF OP IBZ Q²KBSP {P BOJNBM N²T MJTUP RVF VO [BOBUF {2V¹ QVF EF FOUPODFT CVTDBS FM BWF EF MVUP UBO DFSDB EFM RVF QBTB Z TV BUSP OBEPSB SFQSPEVDDJÂO EFM ÈMUJNP EJTDP EF MPT "MBCBNB 4IBLFT 1SF DJTBNFOUF TF QVFEF QFOTBS EFTQV¹T FT VO Q²KBSP DPO CVFO P½EP DPO SFGJOBEP HVTUP QBSB TVT MVHBSFT EF BUFSSJ[BKF %BUP QBSB FM DV SS½DVMVN TJO EVEB i6OB UBSEF QVEP DPOWJWJS QPS EPT NJOVUPT Z NF EJP DPO VO [BOBUF NJFOUSBT MPT EPT P½BO B MPT "MBCBNB 4IBLFT w /B EB TF EJS² EF MB DPOWFSTBDJÂO RVF BM NJTNP UJFNQP UVWP MVHBS 1FSP BMHP TF IBCS½B EJDIP TPCSF MB WJTUB BM BUBSEFDFS TPCSF FM QFÁÂO EFM .FYJDBOP TPCSF MBT QFOVSJBT EF MB WJEB PSOJUPMÂHJDB FO FTUF WBMMF TPCSF MB JOFYQMJDBCMF FTUVQJEF[ EF MPT C½QFEPT RVF IBCJUBO MB DJVEBE F JOTJTUFO FO BTGJYJBSTF BEFOUSP EF TVT DPDIFT BQFTUPTPT TPCSF MB QFSTQFDUJWB RVF BQFOBT B DJFO NFUSPT EF BMUVSB TF BMDBO[B oFO VOB KPSOBEB DMBSB EFM DFSSP EF 5FRVJMBy ;BOBUFXJTFy -B /BWJEBE 1FMMJDFS $VBOEP EF WFSBT TF DVNQMFO BÁPT QBSF DF FT DBEB /PDIFCVFOB FT QSFDJTBNFOUF DVBOEP DBMBO N²T IPO EP MPT BÁPT JEPT MBT JMVTJPOFT FYUSBWJBEBT MBT HFOUFT QFSEJEBT oWJ WBT P NVFSUBT #JFO TF TBCF DVBOEP MBT QVFSUBT TF BCSFO BM GJO Z FOUSBO MPT TBOUPT QFSFHSJOPT BVORVF TFB QPCSF MB NPSBEB RVF FT FM FYBDUP NPNFOUP EF EBS QPS DBODFMBEB VOB WVFMUB N²T Z QPS JOBV HVSBEB PUSB KPSOBEB &M iNJTUFSJPw TF CBMBODFB TPCSF MPT IPNCSPT Q²SWVMPT Z MB 7JSHFO 4FÁPS 4BO +PT¹ Z FM OJÁP OBWFHBO PUSP QSPDF MPTP BOJWFSTBSJP TJO TFS NJMBHSPTBNFOUF IFDIPT BÁJDPT BM TBMJS EFT QFEJEPT EF MBT OPWFMFT BOEBT 1SJWJMFHJPT EF MPT PCKFUPT DFOUFOBSJPT CFOEFDJEPT QPS VOB BÈO N²T MBSHB QJFEBE 4F DVNQMFO EF WFSBT BÁPT FOUPODFT DBEB /BWJEBE OBEB QBSFDJEP B MPT KPMHPSJPT DPOWFO DJPOBMFT EF MB POPN²TUJDB BM VTP EF MB ½OGJNB WVMHBSJEBE EF MP PC WJP Z MP iQFSTPOBMJ[BEPw oDPNP TF EJS½B FO CVSPDSBU¹T &T UJFNQP FO UPODFT EF TBDBS TVNBSJBT TVNBT EF FTQFDVMBS DPO FYQFDUBUJWBT EF BVHVSBS DPO QBSTJNPOJPTB QSVEFODJB 4J TF QPOF DVJEBEP FT FM NP NFOUP NJFOUSBT MBT HʽKPMBT TVFOBO EF IBDFS DPNQBSFDFS B MBT HFO UFT RVFSJEBT MPT TBCPSFT MFKBOPT FM UBDUP NBSBWJMMPTP EF MB QSJNFSB WF[ RVF TF UFOU FM WFSE½TJNP NVTHP FM ²TQFSP IFOP &T MB IPSB EF FOUFOEFS MP RVF EF WFSBT JNQPSU MP RVF UFOES² MVFHP RVF TFHVJS JN QPSUBOEP : MP RVF OP 5SFT E½BT BQFOBT Z MMFHB FM E½B EF 3FZFT #JFO QVFEF TFS RVF TFB VOB EF MBT GFTUJWJEBEFT N²T CFMMBT RVF IBZB JOWFOUBEP FM IPNCSF +PVSOFZ PG UIF .BHJ " NBHJT BEPSBUVS -PT HSBOEFT Z BOUJHVPT NBFTUSPT OPT EFKBSPO TVT WJTJPOFT 1FSP QBSB DBEB OJÁP MPT USFT SF ZFT NBHPT DVNQMJS²O QPS TJFNQSF TV USBZFDUP RVF MB FTUSFMMB HVJB CB FO FM GPOEP JOUBDUP EF TV DPSB[ÂO 1BSB GFTUFKBS B MPT &QJGBOJPT VOP OBEB MFKBOP QBSB DPONFNPSBS FTB NBHJB SFBM WB VO FOTBZP EF USBEVDDJÂO EF VO QPFNB EF +PTFQI #SPETLZ FOFSP -PT 3FZFT .BHPT PMWJEBS²O UV OPNCSF 4PCSF UV DBCF[B OP IB EF BSEFS OJOHVOB FTUSFMMB 6O GBUJHBEP TPOJEP TFS² FM NJTNP FM SVEP SVHJEP EFM UFNQPSBM $BFO MBT TPNCSBT EF UVT PKPT DBOTBEPT NJFOUSBT MB TPMJUBSJB DBOEFMB EF UV DBCFDFSB NVFSF QPSRVF BRV½ FM DBMFOEBSJP DS½B OPDIFT IBTUB RVF MFHJPOFT EF DBOEFMBT TF FYUJOHVFO {2V¹ BDUJWB FTUB DMBWF NFMBODÂMJDB
Õ iÀ Ê i > >ÀÞ
8* ", "Ê Ê 1 " 3FTVMUB RVF UBNCJ¹O FYJTUFO QFSTPOBT RVF WJWFO UBO EFQFOEJFOUFT EF MPT EFN²T RVF TF QBTBO EF CVFOBT HFOUFT DPO UBM EF BHSBEBS B MPT EF N²T QPS UFNPS B TFS SFDIB[BEPT P DSJUJDBEPT : FTUP UBNQPDP FTU² CJFO &M QSPCMFNB FT RVF IBZ VOB FTQFDJF EF SFDIB[P B T½ NJTNPT DPO UBM EF PCUFOFS MB WFOUBKB EFM SFDPOPDJNJFOUP EF MPT EFN²T 4F HFOFSB VOB EFQFOEFODJB B CVTDBS MB BQSPCBDJÂO DPOTUBOUF EF MPT EFN²T B DPTUB EF TBDSJGJDBS MBT QSPQJBT OFDFTJEBEFT -P RVF BDBCB QPS DPOWFSUJSTF FO VO GBMTP BMUSVJTNP 4F QBTBO EF CVFOPT QPSRVF TF EFTDVJEBO B T½ NJTNPT MMFHBOEP BM QVOUP EF OP FYJHJS TVT EFSFDIPT 4PO QFSTPOBT RVF FODVFOUSBO EJGJDVMUBE FO FTUBS FO EFTBDVFSEP DPO MPT EFN²T F JODMVTP QSFGJFSFO EFDJS B UPEP RVF T½ DPO UBM EF OP DPOUSBEFDJS -FT DVFTUB USBCBKP UPNBS EFDJTJPOFT TJ OP FT DPO FM BQPZP P DPO TFKP EF BMHVJFO N²T #VTDBO RVF MPT EFN²T TF IBHBO SFTQPOTBCMFT EF NVDIBT EF TVT DPTBT QBSB OP CBUBMMBS FO IBDFSTF DBSHP EF FMMBT 1PS MP RVF BDBCBO UF
>À ÃÊ ÀÌjÃÊ6?âµÕiâ
6 - $ Ê9Ê - $
6OB MBSHB Z GBNJMJBS NFMPE½B 4VFOB PUSB WF[ "T½ RVF E¹KBMB FO QB[ %¹KBMB TPOBS EFTEF FTUB OPDIF %¹KBMB TPOBS FO MB IPSB EF NJ NVFSUF DPNP FM BHSBEFDJNJFOUP EF PKPT Z MBCJPT QPS BRVFMMP RVF B WFDFT OPT IBDF MFWBOUBS OVFTUSB NJSBEB BM N²T MFKBOP DJFMP &TDSVUBT FO TJMFODJP FM NVSP 5VT NFEJBT WBD½BT OJOHÈO SFHBMP &T DMBSP RVF FSFT BIPSB EFNBTJBEP WJFKP QBSB DPOGJBS FO FM CVFO 4BO /JDP RVF FT NVZ UBSEF QBSB MPT NJMBHSPT 1FSP TJO FNCBSHP BM[BOEP UVT PKPT IBDJB MB MV[ EFM DJFMP UF EBT DVFOUB UV WJEB FT VO QVSP NJMBHSP 'FSOBOEP 'FSO²OEF[ FT FO UPEB MB FYUFOTJÂO EF MB QBMBCSB MP RVF FO NFKPSFT UJFNQPT TF DPOPD½B DPNP VO QFSTPOBKF 6OB QFSTP OB RVF IBDF EF TV DPUJEJBOP EFTFNQFÁP WJUBM BMHP NFNPSBCMF &O FTUF DBTP VO EFTFNQFÁP VO QFSGPSNBODF QVFT FOUSBÁBCMF D²MJ EP FSVEJUP Z OP DBSFOUF EF VOB FODBOUBEPSB JOPDFODJB 4V QPFT½B OP TF MF QBSFDF 0 T½ QFSP EF PUSP NPEP VO NPEP IFDIP QBSB UBMB ESBS BNBCMFNFOUF MB NFNPSJB QBSB SFEFTDVCSJS FM DBOEPS MB GSFT DVSB P FM BOUJHVP FTUPJDJTNP 1BSB DPOWJEBSOPT B GFSWPSFT Z FTUVQF GBDDJPOFT RVF TVT SFOHMPOFT DPNP TJ OBEB IBDFO DPNQBSFDFS " CPSEP EF VO BUFTUBEP DPDIF MB DB[BEPSB MP DPOWFODF EF MFFS VOP EF TVT HSBOEFT IJUT 1BMPNB Z OP &M QPFUB DPO JONFKPSBCMF EJDDJÂO Z NVZ QSFDJTP ²OJNP TF BSSBODB DPO FM QPFNB NFNPSBCMF :B MVFHP FO FM DPSSFEPS DPCJKBEP QPS MPT UFRVJMBT EJDF PUSP TF MMBNB .JMBHSP FO FM TVQFSNFSDBEP : FSB FMMB BM GPOEP EF MB UJFOEB FO FM EFQBSUB NFOUP EF GSVUBT Z WFSEVSBT UPEBW½B EF FTQBMEBT FSB FMMB NJT PKPT MP EFD½BO BVORVF TJO QSVFCB NFOVEB UBM DVBM FT Z MVFHP N²T EF DFSDB TJ FSB FMMB DPO MFOUFT oi`MB UPSDB[B VTB MFOUFT 4BMVE PUSB WF[ QPS FTBT FQJGBO½BT 9JUMBMJUM 3PES½HVF[ .FOEP[B FT VOB QPFUB OPUBCMF #BKP FM NJT NP DPSSFEPS Z MPT NJTNPT UFRVJMBT EB MFDUVSB DPO WP[ DMBSB EF DBN QBOBT B BMHVOPT EF TVT QPFNBT 7JFOFO EF VO MJCSP RVF TF MMBNB +BXT 5JCVSÂO &M EFMHBEP WPMVNFO FT NVZ GJMPTP $PNP TJ DVBM RVJFS DPTB DPO VO TBCJP KVFHP RVF WB EF MB DJOFNBUPHSBG½B BM DMJNB BSSVJOBEP EFKB DBFS WFSTPT FODBOUBEPSFT Z TFHVJEP EVMDFNFOUF FO WFOFOBEPT " TIBSL JO $IBQBMB +BXT TJHOJGJDB RVF FTUPZ MFWBOUBEP B FTUBT IPSBT RVF NF WBZB B EPSNJS RVF MB TBOHSF Z MPT UJCVSPOFT OP FYJTUFO RVF SFDF BOUFT EF BDPTUBSNF Z RVF MF QJEB B 4BO +PSHF CFOEJUP RVF BNBSSF B TVT BOJNBMJUPT DPO TV DPSEÂO N²T CFOEJUP :P SF[P QPS FM UJCVSÂO 2VF NF DPNF FM UJCVSÂO NBN² 2VF FTB FT VOB DBODJÂO RVF FO $IBQBMB OP IBZ UJCVSPOFT /J JTMB OJ BMBDS²O 2VF NF EVFSNB EF VOB WF[ QPS UPEBT 2VF OP RVJFSP RVF NBUBSPO BM QF[ 1FSP FTP OP FT WFSEBE 1SPQÂTJUP EF BÁP OVFWP BUFOEJFOEP B 4BO +VBO EF MB $SV[ 1PS UPEB MB IFSNPTVSB OVODB ZP NF QFSEFS¹ TJOP QPS VO OP T¹ RV¹ RVF TF BMDBO[B QPS WFOUVSB KQBMPNBS!JOGPSNBEPS DPN NY
J\i kXe Yl\ef# ef \jk Y`\e OJFOEP EJGJDVMUBEFT QBSB IBDFS NVDIBT BDUJWJEBEFT -P QFPS FT RVF UJFOFO VOB UFOEFODJB B IBDFS MP RVF TFB JODMVTP DPTBT EFTBHSBEBCMFT QBSB PCUFOFS FM BQPZP EF MPT EFN²T : DMBSP FTUF UJQP EF QFSTPOBT UBO EFQFOEJFOUFT RVF CVTDBO EF NVDIBT NBOFSBT OP FTUBS TPMPT Z IBDFO G²DJMFT SFMBDJPOFT DPO MPT EF N²T B MPT RVF QSPOUP TF BQFHBO -P RVF MPT MMFWB B UFOFS VO FYBHFSB EP UFNPS B TFS SFQSPDIBEPT Z RVFEBSTF TPMPT DPOTJHP NJTNPT &O NVDIBT PDBTJPOFT PQUBO QPS RVFEBSTF DBMMBEPT Z OP EBO TV PQJOJÂO "VORVF TFQBO RVF UJFOFO MB SB[ÂO EF UBM GPSNB RVF MFT DVFT UB USBCBKP EFDJS OP B NVDIBT JOEJDBDJPOFT &O GJO WJWFO VO NVOEP FO RVF DBODFMBO TV QSPQJB QFSTPOBMJEBE QBSB EBSMF HVTUP B MPT PUSPT QPS FTP BDBCBO QBSFDJFOEP NVZ CVFOPT QFSP FO FM GPOEP WJWFO BUFNPSJ[BEPT 4F MFT PMWJEB MB JNQPSUBODJB EF DVJEBSTF B T½ NJTNPT Z BUFOEFS TVT QSPQJBT OFDFTJEBEFT &O QPDBT QBMBCSBT WJWFO VOB GBMTB DBSJEBE )BZ RVF TFS CVFOPT UBNCJ¹O DPOTJHP NJTNPT QVFT OBEJF IBDF VO CJFO HFOVJOP TJ TF PMWJEB EF RVF TF USBUB EF BNBSTF UBOUP DPNP TF BNB B MPT EFN²T
:fdg\k\eZ`X p Zfdg\k`m`[X[
&DPOPN½B DPOGJBO[B Z QSPEVDUJWJEBE DPOTUJUVZFO FM QSPUPDPMP EF FEV MJODVFODJB EFSJWBOEP B MB JOUSBORVJMJEBE EF MB GBNJMJB NJTNB Z B MB QP DBDJÂO TBMVE Z USBORVJMJEBE -B JOUFHSJEBE MB FTUJNVMB FM CVFO HPCJFS CMBDJÂO DJWJM UPEB " FTUP DPOUSJCVZFO MBT SFEFT TPDJBMFT RVF BÈO OP IBO OP EPUBEP EF BVUPFTUJNB FTUJNVMBEB QPS MPT NFEJPT EF DPNVOJDBDJÂO EBEP DBVDF B TV BQSPWFDIBNJFOUP FO VO QMBO QFEBHÂHJDP JOUFMJHFOUF EF QPM½UJDBT QÈCMJDBT RVF TJO TFS FYFOUBT EF FSSPSFT V PNJTJPOFT SFTBM NFOUF EJTFÁBEP QBSB BUSBFS MB BUFODJÂO NFOUBMJEBE F JOUFMJHFODJB QPS UF MPT BDJFSUPT DPNP FM DPOPDJNJFOUP QPTJUJWP DPO TVT SFUPT Z SFBMJEBEFT NFEJP EF VO JOTUJUVUP EPDFOUF EF JOWFTUJHBDJÂO Z EFTBSSPMMP EJHJUBM QSF JNQJEJFOEP FM DPOGPSNJTNP Z MB JOEJGFSFODJB QSPNPUPSB EFM SF[BHP EFM MVEJP EF BNCJDJPTB PDVQBDJÂO FO MB QSPQVFTUB EF MB $JVEBE $SFBUJWB %J HJUBM QSPUPUJQP JOEJWJEVBM Z TPDJBM 7JWJNPT FO HMPCBMJEBE EF DBNCJPT JODFTBOUFT RVF &M MFOHVBKF EF MB WFSEBE FT TVTUBODJBM 4½ TF QVFEF SFB DPOUSBS½BO QSPQÂTJUPT DPOTUSVDUJWPT B USBW¹T EF BUSBDUJWPT MJ[BS FO FM FKFSDJDJP EF MB KVTUJDJB FTUJNVMBOUF EFM FNQSFO 6i ÃÊÌÀ> à Ì>ÀÊ>Ê EF G²DJM BTJNJMBDJÂO TJO PUPSHBS QSPWFDIP UBOHJCMF EF TV EFS DPO WJTJÂO UFOBDJEBE Z EFUFSNJOBDJÂO QBSB WFODFS BM FWFOUVBM GSBDBTP &NQSFOEFS FT DPNQSFOEFS FO UJFNQP Z «iÀà >ÃÊ>`Õ Ì>ÃÊÞÊ ÃÊ QFSBDJÂO 7FNPT USBOTJUBS B DBEB QBTP QFSTPOBT BEVMUBT Z OJÁPT BCTPSUPT DPO MB NJSBEB QBOUBMMB EFM DFMVMBS V PUSB IF GPSNB TPMVDJPOFT DPO EJTDJQMJOB Z TJNVMU²OFP SFDIB[P FO >Là ÀÌ ÃÊV Ê >Ê À>`>Ê SSBNJFOUB FNQMFBOEP BUFODJÂO Z UJFNQP NVDIBT WFDFT G²UJDP B MB BQBU½B IBDJB SFTQPOTBCJMJEBE Z EJTDJQMJOB TPCSF MB QJTUB EFM EFTBSSPMMP GPSKBEPS EF USJVOGP DPOTDJFOUF EF «> Ì> >Ê`i ÊVi Õ >À°°°Ê EFTQFSEJDJBEPT RVF CJFO QPES½BO BQMJDBS BM BQSFOEJ[BKF OVFWBT FYQFSJFODJBT i « i> ` Ê>Ìi V ÊÞÊ BVU¹OUJDP QBSB QPTUFSJPS VTP FO UBSFBT DPUJEJBOBT EFM IP HBS Z FO TV USBCBKP NFEJBOUF MB DPOKVODJÂO EF EJTUSBDDJÂO -B DPOGSPOUBDJÂO DPOTUBOUF EF JOTFHVSJEBE FYQVFT UB FO MPT NFEJPT EF DPNVOJDBDJÂO NBTJWB Z FO GPSNB EJ Ì i « Ê ÕV >ÃÊÛiViÃÊ Z DPOTUSVDDJÂO EF NFOUBMJEBE DSFBUJWB -B FEBE OP FT PCTU²DVMP QBSB FNQSFOEFS FM BQSFOEJ SFDUB FT BKFOB B SFTVMUBEPT DPOTUSVDUJWPT DSFBOEP IPTUJ `iëiÀ` V >` à [BKF RVF MPT OJÁPT BTJNJMBO DPO MB DBQBDJEBE EF TV DFSFCSP HBNJFOUPT RVF EBO QBTP B MB WVMOFSBCJMJEBE EF MB QPCMBDJÂO BCJFSUP B MB UFDOPMPH½B DPNP MP DPNQSPCBNPT DVBOEP FM TJO BMDBO[BS USBOTQBSFODJB QFRVFÁP TF DPOWJFSUF FO NFOUPS EFM BEVMUP FO MB JOUSPEVD &T JNQPSUBOUF Z FO MB BDUVBMJEBE JOEJTQFOTBCMF NBO UFOFS MB JOUFHSJEBE FOUSF QPCMBDJÂO Z HPCJFSOP QBSB MB EPUBDJÂO EF MPT DJÂO Z TPCSF MBT IFSSBNJFOUBT Z BEJFTUSBNJFOUP EF MBT BQMJDBDJPOFT 1B FMFNFOUPT C²TJDPT EF DPNQFUFODJB JOUFSOB FO FM UFSSFOP FDPOÂNJDP DPO SB MPHSBS FM DPOWFODJNJFOUP IBDF GBMUB EJ²MPHP IVNJMEF QPS QBSUF EFM FKFSDJDJP EF DPNQFUJUJWJEBE IBDJB FM NFSDBEP FYUFSJPS EPOEF TF MJCSB MV BEVMUP QBSB QFEJS PSJFOUBDJÂO QSFMJNJOBS EFM NFOPS Z QPTUFSJPS TFHVJ NJFOUP BM EFTBSSPMMP EFM DPOPDJNJFOUP DIB QPS FM DSFDJNJFOUP EF NFSDBEPT %JPT OPT HVBSEF EF MB EJTDPSEJB "NQMJBNFOUF EJGVOEJEP FT FM DPODFQUP EF MB JHOPSBODJB RVF SFUSPB TJDQN!JOGPSNBEPS DPN NY MJNFOUB MB EJWBHBDJÂO B GBDJMJEBEFT EF DPOTFDVFODJBT JODMJOBEBT B MB EF
%PNJOHP EF FOFSP EF
&- */'03."%03
O=HENC@H ah k_ek `e]nek iÂ&#x201A;o _kilhapk aj h] _eq`]`
$PNJEB
IDENTIFICA TUS DE DESCUENTOS ESC C CON ESTE SĂ?MBOLO O MAR Ă?A
SEVI
LLA
No.
MUĂ&#x2018;
OZ
SUS
CRI
1498PTOR 7 01/2 R DESDE 014 SUSCRIPTOR No. SUSCRIPT
SUS CRI
PTO
7 87 98 4987 149 1498 14 14987
*Aplican restricciones
SU CRIPTOR DESDE SUSCRIPTOR
OZ Ă&#x2018;OZ UĂ&#x2018;O MUĂ&#x2018; MUĂ&#x2018;O MU M A MUĂ&#x2018;OZ LA LLA VIL VILL EV SE SEV SEVIL A SEVILLA Ă?A RĂ?A AR ARĂ? MARĂ?A M MA
4 14 014 0 01/2014 01//2014 01/20 0
%
WWW.CIRCULOINFORMADOR.MX
$BGĂ? %JTGSVUB EF MB 'POEB $IPMVMB FO 5FRVJMB
UTILIZA TU TARJETA DE SUSCRIPTOR CIRCULO INFORMADOR
1BTFP &M TBCPS EF VOB CVFOB UB[B EF DBGĂ?
6O Ă&#x2C6;OHVMP EJGFSFOUF EF MB DJVEBE
&O #POT $BGĂ? FODPO USBSĂ&#x2C6;T VO TBCPS EFMJDJP TP Z FM NFKPS TFSWJDJP 7BMF MB QFOB QSPCBSMP Z FYQMPSBS TV EFMJDJPTP NFOĂ&#x17E;
'0/%" $)0-6-"
#0/4 $"'²
5"1"5Âś0 50634
% +PTĂ? $VFSWP 5FRVJMB +BMJTDP
% 1FESP -P[B
% 3PUPOEB EF MPT +BMJTDJFOTFT *MVTUSFT
5
5
5
) %PNJOHPT B IPSBT
) - 7 EF B IPSBT
) B IPSBT
DKU O=HEIKO
&O QMFOP $FOUSP EF MB DJVEBE EF 5FRVJMB FO DPOUSBSĂ&#x2C6;T VOP EF MPT SFTUBVSBOUFT NĂ&#x2C6;T USBEJ DJPOBMFT -B 'POEB $IPMVMB 4V TBCPS FTUĂ&#x2C6; GVFSUFNFOUF BQPZBEP QPS VOB DBSUB EF QMBUJ MMPT NFYJDBOPT {-B SFDPNFOEBDJĂ&#x2DC;O -PT UB DPT EF BSSBDIFSB
`"4*45& --&(" 5PNB MB DBSSFUFSB
B 5FQBUJUMĂ&#x2C6;O Z TJHVF MBT JOEJDBDJPOFT 4BMFO BVUP CVTFT EFTEF MB $FOUSBM /VFWB
15%
(VBEBMBKBSB PGSFDF WB SJPT TFDSFUPT B RVJFOFT MB FYQMPSBO {:B MPT DPODPFT `4VCF BM 5B QBUĂ&#x201C;P 5PVS
DESCUENTO CON TU TARJETA
TARIFA TTAR ES SPE ESPECIAL A SUSCRIPTORES SUSCR S CON TU TAR TARJETA
1"4&0 103 &- /035& %&- &45"%0
%JTGSVUB EF +BMPTUPUJUMĂ&#x2C6;O Ă&#x192;Ă&#x152;>Ă&#x160;VÂ&#x2C6;Ă&#x2022;`>`Ă&#x160;Ă&#x152;iĂ&#x160;>LĂ&#x20AC;iĂ&#x160;Ă&#x192;Ă&#x2022;Ă&#x192;Ă&#x160;ÂŤĂ&#x2022;iĂ&#x20AC;Ă&#x152;>Ă&#x192;Ă&#x160;ÂŤ>Ă&#x20AC;>Ă&#x160;`Â&#x2C6;Ă&#x192;vĂ&#x20AC;Ă&#x2022;Ă&#x152;>Ă&#x20AC;Ă&#x160;`iĂ&#x160; `Â&#x153;Â&#x201C;Â&#x2C6;Â&#x2DC;}Â&#x153;Ă&#x160;Â&#x201C;>Ă&#x20AC;>Ă&#x203A;Â&#x2C6;Â?Â?Â&#x153;Ă&#x192;Â&#x153;Ă&#x160;Ă&#x17E;Ă&#x160;Â?Â?iÂ&#x2DC;Â&#x153;Ă&#x160;`iĂ&#x160;LĂ&#x2022;iÂ&#x2DC;>Ă&#x160;Ă&#x203A;Â&#x2C6;LĂ&#x20AC;> &- */'03."%03 t ' (0/;ÂŤ-&;
)BZ DJVEBEFT RVF TPO DBQBDFT EF BCSB [BS B MPT WJTJUBOUFT 7BNPT EPOEF OP OPT TFOUJNPT DPNP iEF GVFSBw TJOP VO IBCJUBOUF N²T VO IJKP QSĂ&#x201A;EJHP RVF WVFMWF B DBTB &M BCSB[P FT DPO TV HFO UF DPO TV GF DPO TVT FEJGJDJPT DPO TVT TBCPSFT 6SCFT MMFOBT EF NBHJB EPOEF DBEB SJODĂ&#x201A;O FT VOB QPTUBM B MB FTQFSB EF TFS EFTDVCJFSUB 4PO DPOUBEBT QFSP FYJTUFO : VOB EF FTBT DJVEBEFT FT +B MPTUJUM²O 6OP EF MPT QSJNFSPT FMFNFOUPT RVF EFTUBDB QBSB RVJFO KBN²T IBC½B QJ TBEP FTUB DJVEBE EF MPT "MUPT EF +BMJT DP TPO TVT FEJGJDJPT EF DBOUFSB Z TVT DB
MMFT TFSQFOUFBOUFT RVF TF EPCMBO TVCFO Z CBKBO EF GPSNB DBQSJDIPTB BVORVF TJFNQSF DPO EJSFDDJĂ&#x201A;O BM $FO USP 1BSB MPT RVF MMFHVFO FO BVUPCĂ&#x2C6;T B MB DJVEBE Z RVJFSBO EJSJHJSTF BM $FOUSP FM DBNJOP FT TJNQMF $BNJOF UPEP EF SFDIP Â&#x2030;FO MB NJTNB EJSFDDJĂ&#x201A;O RVF MB DJSDVMBDJĂ&#x201A;O EF BVUPNĂ&#x201A;WJMFTÂ&#x2030; QPS MB DB MMF 3BNĂ&#x201A;O $PSPOB RVF FT KVTUP EPOEF FT MB QBSBEB EF BVUPCĂ&#x2C6;T OP IBZ DFO USBM /P IBZ QJFSEF Z FO FM DBNJOP QVFEFT JSUF FNQBQBOEP DPO MB USBORVJ MJEBE EF MB RVF TF KBDUB i+BMPTw FO TVT NBĂ BOBT 1ÂŤ(*/" %& 304& 7*--&
15%
DESCUENTO CON TU TARJETA
304& 7*--& %&4$6&/50 FO FGFDUJWP Z
DPO UBSKFUB % .PSFMPT 5
%JTGSVUB EF 3PTF 7JMMF La gastronomĂa mexicana es una de las 5 mejores del mundo; por lo que con base en las tĂŠcnicas, sabores e ingredientes tradicionales, en Rose Ville proponen una nueva forma de verla, sentirla, comerla y vivirla; aprovechando el auge con que cuenta la cocina mexicana actualmente. Todo preparado con el mĂĄximo cuidado El restaurante se ubica en la finca llamada justamente Rose Ville, ganadora del premio anual a la conservaciĂłn y restauraciĂłn de fincas de valor patrimonial
en Guadalajara. La cocina que aquĂ encontrarĂĄs es una combinaciĂłn de sabores mexicanos, siempre emplatados de forma majestuosa. Basta con que le des una probada a uno de sus platos mĂĄs deliciosos, huevos con champiĂąones y frijoles, o la costilla cargada de cremoso de papa y ensalada de col morada. ÂĄUna delicia! La oferta incluye ademĂĄs platillos especiales ÂżSe te antojĂł? ÂĄBuen apetito!
1~(*/" %
1~(*/" %
&- */'03."%03 &- */'03."%03
%PNJOHP EF FOFSP EF