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The Economics of Everyday Things
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The Economics of Everyday Things

Author: Freakonomics Network & Zachary Crockett

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Who decides which snacks are in your office’s vending machine? How much is a suburban elm tree worth, and to whom? How did Girl Scout Cookies become a billion-dollar business? In bite-sized episodes, journalist Zachary Crockett looks at quotidian things and finds amazing stories.

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64 Episodes
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57. Strippers

57. Strippers

2024-07-2221:281

Performing at a strip club can be lucrative, but it requires financial and psychological savvy — and an eye for social trends. Zachary Crockett takes a look. SOURCES:Layla, stripper.Dave Manack, publisher and editor-in-chief of Exotic Dancer. RESOURCES:"A Look at Washington State’s ‘Strippers’ Bill of Rights’," by Aimee Ortiz (The New York Times, 2024)."These L.A. Strippers Won a Union. But the Dance Isn’t Over," by Suhauna Hussain (Los Angeles Times, 2023)."Dancers at Northwest Portland Strip Club Vote to Form City’s First Strippers Union, Second in U.S.," by Kristine de Leon (The Oregonian, 2023)."'Everyone and Their Mum Is on It': OnlyFans Booms in Popularity During the Pandemic," by Matilda Boseley (The Guardian, 2020). EXTRAS:"Why is Everyone Having Less Sex?" by No Stupid Questions (2023).
56. Snake Venom

56. Snake Venom

2024-07-1525:031

Why does treating a venomous snake bite cost as much as a house? Zachary Crockett slithers over to North Carolina to find out. SOURCES:Steve Anderson, emergency medicine business unit leader at BTG Pharmaceuticals.Nick Brandehoff, professor of emergency medicine at the University of Colorado and executive director of the Asclepius Snakebite Foundation.Sean Bush, emergency physician and president of the North American Society of Toxinology.Nitin Deshpande, business consultant with Premium Serums & Vaccines.Jack Facente, owner-operator of AGRITOXINS Venom Production Laboratory. RESOURCES:"This New Antivenom Defangs the Toxins of Cobras, Black Mambas and More," by Cassandra Willyard (Scientific American, 2024)."Perspectives on Snakebite Envenoming Care Needs Across Different Sociocultural Contexts and Health Systems: A Comparative Qualitative Analysis Among U.S. and Brazilian Health Providers," by Eleanor Strand, Felipe Murta, Anna Tupetz, Charles J. Gerardo, et al. (Toxicon: X, 2023)."Access to Antivenoms in the Developing World: A Multidisciplinary Analysis," by Julien Potet, David Beran, David J. Williams, et al. (Toxicon: X, 2021)."The Lab Saving the World From Snake Bites," by Myles Karp (Smithsonian Magazine, 2020)."Why Competition Hasn't Brought Down The High Price Of Snakebite Treatment," by Carmen Heredia Rodriguez (NPR, 2019)."Summer Bummer: A Young Camper’s $142,938 Snakebite," by Carmen Heredia Rodriguez (KFF Health News, 2019)."The Amazing Science Behind Fatal Snake Bites," (BBC News, 2015)."Southern Californians See a Rise in Venomous Snakes," by Rebecca Fairley Raney (The New York Times, 2006).Venom Week. EXTRAS:Venom Hunters, TV series (2016).
Online companies promised to bring transparency to the mattress-buying experience. Did that work out? Zachary Crockett takes a look under the sheets. SOURCES:Derek Hales, founder and editor-in-chief of NapLab.com.Joe Megibow, C.E.O. of Casper Sleep. RESOURCES:"Drake Has a $400,000 Bed − We Asked Why and Where You Can Buy It," by Emilia Hitching (Homes & Gardens, 2024)."Casper Tests a New Store Design as It Rethinks Its Retail Strategy," by Anna Hensel (Modern Retail, 2024)."Is The Direct-To-Consumer Bedding Business Turning Into A Bad Dream?" by Warren Shoulberg (Forbes, 2019). EXTRAS:"Are We in a Mattress-Store Bubble?" by Freakonomics Radio (2016).
54. Ghostwriters

54. Ghostwriters

2024-07-0123:321

Channeling the voices of celebrities can be a lucrative career — one that requires empathy and discretion as well as literary chops. Zachary Crockett checks the acknowledgements. SOURCES:Valerie Frankel, ghostwriter.Madeleine Morel, President and Lead Agent of 2M Communications.Daniel Paisner, ghostwriter. RESOURCES:"Ghostwriting History: Churchill, Kennedy and the Authenticity of Authorship," by Andrew Mumford (The International History Review, 2024)."Column: How many ways can a political memoir backfire? Ask Kristi Noem," by Robin Abcarian (Los Angeles Times, 2024)."Notes from Prince Harry’s Ghostwriter," by J. R. Moehringer (The New Yorker, 2023)."Confessions of a Celebrity Ghostwriter," by Dina Gachman (Texas Monthly, 2022).
53. Food Trucks

53. Food Trucks

2024-06-2422:184

How did mobile kitchens become popular with hipster gourmands? And just how much money can a popular truck make from a lunch shift? Zachary Crocket drops some napkins. SOURCES:Mariel-Leona Edwards, senior operations manager for Señor Sisig.Matthew Geller, founding president of the National Food Truck Association and C.E.O. of the Southern California Mobile Food Vendors Association.Evan Kidera, C.E.O. and co-owner of Señor Sisig. RESOURCES:"Seed Planted in SF State MBA Program Grows Into Mini-Filipino Food Empire," by Jamie Oppenheim (SF State News, 2022)."Inside Señor Sisig, the First Restaurant for a Pioneer of Filipino-American Cuisine," by Luke Tsai (Eater, 2019)."Tamales, L.A.’s Original Street Food," by Gustavo Arellano (Los Angeles Times, 2011). EXTRAS:"Why You Shouldn’t Open a Restaurant (Update)," by Freakonomics Radio (2019).
52. Little League

52. Little League

2024-06-1724:331

Youth baseball — long a widely accessible American pastime — has become overrun by $10,000-per-year, for-profit travel leagues. Zachary Crockett peers inside the dugout. SOURCES:Linda Flanagan, author.Nick Mackenzie, future New York Yankees shortstop.R.J. Mackenzie, physical education teacher and baseball dad.John Miller, journalist and baseball coach. RESOURCES:"The Cost of Youth Baseball Is Getting Absurd," by Adam Minter (Bloomberg, 2024)."Perfect Game Sees Prosperity Thanks To New Investments In Youth Sports," by Wayne G. McDonnell, Jr. (Forbes, 2024)."How America Sold Out Little League Baseball," by John W. Miller (America Magazine, 2022)."In Youth Sports, Talent Helps but Money Rules," by Roman Stubbs (The Washington Post, 2022).Take Back the Game: How Money and Mania Are Ruining Kids Sports and Why It Matters, by Linda Flanagan (2022)."State of Youth Sports: Parents, Policymakers Better Appreciate Physical Activity, Face Barriers to Help Kids Play," by Jon Solomon (The Aspen Institute, 2022). EXTRA:Take Back the Game: How Money and Mania Are Ruining Kids Sports and Why It Matters, by Linda Flanagan (2022).
51. Wine Corks

51. Wine Corks

2024-06-1019:517

Why do we use a specific kind of tree-bark tissue to seal up 70 percent of wine bottles? Zachary Crockett takes a sniff and gives the waiter a nod. SOURCES:Carlos De Jesus, director of communications at Amorim Cork. RESOURCES:"This Ancient Material Is Displacing Plastics and Creating a Billion-Dollar Industry," by Marta Vidal (The Washington Post, 2024)."Troubled Times For Wine In 2023: Global Production And Consumption Shrinking," by Per and Britt Karlsson (Forbes, 2024)."Three Studies Take A Look At Various Wine Bottle Closure Preferences," by Thomas Pellechia (Forbes, 2019)."How Millennials (Almost) Killed the Wine Cork," by John Gifford (The Atlantic, 2016).
50. Self-Checkout

50. Self-Checkout

2024-06-0322:034

Grocery stores have turned shoppers into cashiers. Zachary Crockett runs two bags of chips and a Gatorade over the scanner. SOURCES:Sara Alloy, experience retail lead for North America at Publicis Sapient.Christopher Andrews, professor of sociology at Drew University.Phil Lempert, founder and C.E.O. of SupermarketGuru. RESOURCES:"Feeling Rewarded and Entitled to Be Served: Understanding the Influence of Self- Versus Regular Checkout on Customer Loyalty," by Farhana Nusrat and Yanliu Huang (Journal of Business Research, 2024)."It’s Not Just You: Self-Checkout Is Awful. These Retailers Finally Agree," by Sarah Bregel (Fast Company, 2023)."'I'm Banned From Walmart Over a Bag of Reese's,' Houston-Area Woman Says After Self-Checkout 'issue,'" by Matthew Seedorff (Fox26, 2023)."Self-Checkout Is a Failed Experiment," by Amanda Mull (The Atlantic, 2023).The Overworked Consumer: Self-Checkouts, Supermarkets, and the Do-It-Yourself Economy, by Christopher Andrews (2018)."The Banana Trick and Other Acts of Self-Checkout Thievery," by Rene Chun (The Atlantic, 2018)."Self-Service Checkouts Can Turn Customers Into Shoplifters, Study Says," by Christopher Mele (The New York Times, 2016)."Check This Out: A Revolution in the Supermarket," by Daniel P. Puzo (Los Angeles Times, 1987). EXTRAS:"How the Supermarket Helped America Win the Cold War," by Freakonomics Radio (2019).
Carnival Games (Replay)

Carnival Games (Replay)

2024-05-2719:091

Does anyone ever win the giant teddy bear? Zachary Crockett steps right up. SOURCES:Matthew Gryczan, retired journalist and engineer.Elliot Simmons, former carnival game worker.Olivia Turner, general manager of Redbone Products. RESOURCES:"AG Platkin Announces 10-Year Ban of Amusement Games Licenses and a Fine for Wildwood Games Operator," by the New Jersey Office of the Attorney General (2023)."N.H. Man Loses Life Savings on Carnival Game," (C.B.S. News Boston, 2013)."Carnival Games: Walking the Line Between Illegal Gambling and Amusement," by J. Royce Fichtner (Drake Law Review, 2012)."Carnivals: Law Enforcement on the Midway," by Bruce Walstad (F.B.I. Law Enforcement Bulletin, 1997).Carnival Secrets: How to Win at Carnival Games, Which Games to Avoid, How to Make Your Own Games, by Matthew Gryczan (1988).
49. Weather Forecasts

49. Weather Forecasts

2024-05-2016:542

With industries relying on them and profits to be made, weather forecasts are more precise and more popular than ever. But there are clouds on the horizon. Zachary Crockett grabs an umbrella. SOURCES:Steve Adelman, head of Adelman Law Group, PLLC and vice president of the Event Safety Alliance.Peter Neilley, director of weather forecasting sciences and technologies for The Weather Company. RESOURCES:"Traders Have Turned Betting on the Weather, a Technique Pioneered by Enron, Into a Booming $25 Billion Market," by Dylan Sloan (Fortune, 2024)."Why Your Weather Forecasts May Soon Become More Accurate," by Dan Stillman (The Washington Post, 2023)."The High-Tech Race to Improve Weather Forecasting," (The Economist, 2023)."Study: Climate Change Has Increased Atmospheric Instability Over Past 40 Years," by University at Albany (Phys.org, 2023)."Beyoncé Concert In D.C. Suburb Highlights Complex Weather Challenges," by Marshall Shepherd (Forbes, 2023)."Forecast Process," by the U.S. National Weather Service. EXTRAS:"How Will We Handle the Heat?" by Freakonomics Radio (2022)."The Folly of Prediction," by Freakonomics Radio (2011).
A fraternity’s budget includes broken windows, liability insurance, chili dog breakfasts, and the occasional $40,000 DJ. Zachary Crockett crashes the party. SOURCES:Anthony Anderson, member of the Sigma Alpha Epsilon fraternity.Danielle Logan, owner of Fraternity Management.Charlie O’Neill, member of the Sigma Alpha Epsilon fraternity.Stephen J. Schmidt, professor of economics at Union College. RESOURCES:"If Student Deaths Won't Stop Fraternity Hazing, What Will?" by Ben Kesslen (NBC News, 2021)."Social Animal House: The Economic And Academic Consequences Of Fraternity Membership," by Jack Mara, Lewis Davis, and Stephen Schmidt (Contemporary Economic Policy, 2018)."How Fraternities Exacerbate Inequality," by Jillian Berman (MarketWatch, 2017)."18 U.S. Presidents Were in College Fraternities," by Maria Konnikova (The Atlantic, 2014).Inside Greek U.: Fraternities, Sororities, and the Pursuit of Pleasure, Power, and Prestige, by Alan D. DeSantis (2007). EXTRAS:"Freakonomics Radio Goes Back to School," series by Freakonomics Radio (2022).
47. Bail Bonds

47. Bail Bonds

2024-05-0620:281

How does bail work — and who's really paying? Zachary Crockett follows the money. SOURCES:Joshua Page, professor of sociology and law at the University of Minnesota.Steven Zalewski, criminal defense attorney and co-owner of Affordable Bails New York. RESOURCES:"Does Bail Reform Increase Crime in New York State: Evidence from Interrupted Time-Series Analyses and Synthetic Control Methods," by Sishi Wu and David McDowall (Justice Quarterly, 2023)."Profit Over People: The Commercial Bail Industry Fueling America’s Cash Bail Systems," by Allie Preston and Rachael Eisenberg (Center for American Progress, 2022)."All Profit, No Risk: How the Bail Industry Exploits the Legal System," by Wendy Sawyer (Prison Policy Initiative, 2022)."A Debt of Care: Commercial Bail and the Gendered Logic of Criminal Justice Predation," by Joshua Page, Victoria Piehowski, and Joe Soss (RSF: The Russell Sage Foundation Journal of the Social Sciences, 2019)."The Economics of Bail and Pretrial Detention," by Patrick Liu, Ryan Nunn, and Jay Shambaugh (The Hamilton Project, 2018)."Selling Off Our Freedom: How Insurance Corporations Have Taken Over Our Bail System," by Color Of Change and ACLU’s Campaign for Smart Justice (2017)."Inside the Wild, Shadowy, and Highly Lucrative Bail Industry," by Shane Bauer (Mother Jones, 2014). EXTRAS:"To Catch a Fugitive," by Freakonomics Radio (2011).
46. Car Colors

46. Car Colors

2024-04-2920:233

So many vehicles on the road today are white, black, or gray — but automotive designers find that consumer preferences may be changing lanes. Zachary Crockett surveys the lot. SOURCES:Tom Crockett, classic car enthusiast.Mark Gutjahr, global head of design at BASF.Nikkie Riedel, carline planning manager at Subaru of America. RESOURCES:BASF Color Report 2023 for Automotive OEM Coatings."Beige on an S.U.V. Will Cost You, but for Pickups It’s Golden," by Roy Furchgott (The New York Times, 2021)."A Brief History Of Car Colors — And Why Are We So Boring Now?" (Consumer Reports, 2018)."The Link Between the Colour of Cars and the Economy," (The Economist, 2018). EXTRA:"Car Washes," by The Economics of Everyday Things (2023).
45. Storage Units

45. Storage Units

2024-04-2218:151

Americans love to buy new stuff and hate to get rid of old stuff, which is why storing it all has become a $45 billion business. Zachary Crockett cleans out the garage. SOURCES:Zachary Dickens, executive vice president and chief investment officer of Extra Space Storage.Anne Mari DeCoster, self-storage consultant.Kara Kolodziej, self-storage unit tenant. RESOURCES:"A Fifth Of Americans Rent Self Storage, With Millennials Overtaking Gen Xers In Generational Storage Wars," by Francis Chantree (Storage Cafe, 2024)."Lessors of Mini Warehouses and Self-Storage Units Show Significant Financial Gains During COVID-19 Pandemic," by Ben Chandler and Robin Enlow (United States Census Bureau, 2024)."The Fate of Oversupplied Self-Storage Markets and How to Pull Back From the Brink," by Frank DeSalvo and David Perlleshi (Inside Self Storage, 2023)."A Pandemic Space Race: Self-Storage Roars Back," by Ellen Rosen (The New York Times, 2021)."Need to Store That? Booming Self-Storage Industry Says No Problem," by Liam Pleven (The Wall Street Journal, 2015). EXTRAS:Storage Wars, TV series (2010-present).Auction Hunters, TV series (2010-2015).
44. Movie Sound Effects

44. Movie Sound Effects

2024-04-1521:372

The background noises you hear in film and TV — from footsteps to zombie guts — are produced in specialized studios by professionals known as Foley artists. Zachary Crockett makes some noise. SOURCE:Gregg Barbanell, foley artist at Universal Studios. RESOURCES:"The Weird, Analog Delights of Foley Sound Effects," by Anna Wiener (The New Yorker, 2022)."The Strangest Foley Sounds in Cinema," by Amber Gibson (ACMI, 2021)."The Man Who Makes Hollywood’s Smallest Sounds," by Zachary Crockett (Priceonomics, 2015). EXTRA:"No Hollywood Ending for the Visual Effects Industry," by Freakonomics Radio (2017).
43. Top-Level Domains

43. Top-Level Domains

2024-04-0821:232

Those letters at the end of web addresses can mean big bucks — and, for some small countries, a substantial part of the national budget. Zachary Crockett follows the links. SOURCES:Vince Cate, technical contact for the .ai domain in Anguilla.Kim Davies, Vice President of Internet Assigned Numbers Authority Services and President of Public Technical Identifiers at ICANN.Tianyu Fang, contributing editor at Reboot. RESOURCES:"The Two-Decade Fight for Two Letters on the Internet," by Jacob Judah (The New York Times, 2024)."Whose Domain Is It?" by Tianyu Fang (Reboot, 2023)."How a Tiny Pacific Island Became the Global Capital of Cybercrime," by Jacob Judah (MIT Technology Review, 2023)."The Tropical Island With the Hot Domain Name," by Rachel Metz (Bloomberg, 2023)."The Never-ending ccTLD Story," by Peter K. Yu (SSRN, 2003).
42. Cemeteries

42. Cemeteries

2024-04-0121:281

The verdant lawns promise everlasting rest — but what does it mean to sign a lease for all eternity? Zachary Crockett finds out where the bodies are buried. SOURCES:Terry Arellano, co-founder and president of Cemetery Property Resales, Inc.Jeff Lindeman, C.E.O. and General Manager of Mountain View Cemetery.Tanya Marsh, professor of law at Wake Forest University.Maureen Walton, founder and president of The Cemetery Exchange. RESOURCES:"Los Angeles Burial Crypt Near Marilyn Monroe, Hugh Hefner on Sale for $2 Million," by Stephanie Nolasco (Fox 10 Phoenix, 2023)."Why the Brooklyn-Queens Border Is Full of Dead People," by Keith Williams (The New York Times, 2017)."Death in the City: What Happens When All Our Cemeteries Are Full?" by Ana Naomi de Sousa (The Guardian, 2015)."Our First Public Parks: The Forgotten History of Cemeteries," by Rebecca Greenfield (The Atlantic, 2011)."Selling a Burial Plot is a Grave Decision," by Erin Peterson (Kiplinger, 2010). EXTRAS:"How to Be Better at Death," by Freakonomics Radio (2021).
41. Pet Movers

41. Pet Movers

2024-03-2518:171

Relocating halfway across the world is hard enough for humans. For pets it can require a specialist. Zachary Crockett waits at the airport, holding a sign saying "Fluffy." SOURCES:Amelia Barklow, owner of two pet ducks, Wobbles and Bean.Mike Gays, managing director of Global Pet Relocation.Gemma Tappin, pet relocation consultant team leader at Global Pet Relocation. RESOURCES:"Service Dogs Are Allowed on Planes, but There Are Some Requirements to Get Them There," by Zach Wichter (USA Today, 2023)."More Dogs Die on United Than on Any Other Airline. Here’s Why," by Martine Powers (The Washington Post, 2018)."Emotional support peacock denied flight by United Airlines," by Daniella Silva (NBC News, 2018)."Banned by Many Airlines, These Bulldogs Fly Private," by Christine Haughney (The New York Times, 2011).Pet Travel information, by the Animal and Plant Health Inspection Service of the U.S. Department of Agriculture. EXTRAS:"Should You Trust Private Equity to Take Care of Your Dog?" by Freakonomics Radio (2023).
40. Prosthetic Limbs

40. Prosthetic Limbs

2024-03-1819:442

More and more Americans rely on prostheses. They’re custom-fitted, highly personal, and extremely expensive. Zachary Crockett investigates. SOURCES:Jordan Beckwith, YouTuber and advocate.Eric Neufeld, owner and medical director of Agile Orthopedics. RESOURCES:"Medicare Coverage of Durable Medical Equipment & Other Devices," by Medicare (2024)."Limb Loss in the U.S.," infographic by the Amputee Coalition (2022)."A Robot Hand Helps Amputees 'Feel' Again," by Jeffery Delviscio (Scientific American, 2019)."Differences in Myoelectric and Body-Powered Upper-Limb Prostheses: Systematic Literature Review," by Stephanie L. Carey, Derek J. Lura, and Jason Highsmith (Journal of Rehabilitation Research and Development, 2015)."Local Coverage Determination: Lower Limb Prostheses," from the Medicare Coverage Database (effective 2015)."Variation in the Care of Surgical Conditions: Diabetes and Peripheral Arterial Disease," by Philip P. Goodney, Nino Dzebisashvili, David C. Goodman, and Kristen K. Bronner (Dartmouth Atlas of Health Care Series, 2014)."Estimating the Prevalence of Limb Loss in the United States: 2005 to 2050," by Kathryn Ziegler-Graham, Ellen J. MacKenzie, Patti L. Ephraim, Thomas G. Travison, and Ron Brookmeyer (Archives of Physical Medicine and Rehabilitation, 2008).
39. Houseplants

39. Houseplants

2024-03-1117:521

Interest in houseplants has exploded in recent years. But what causes floral trends, and prices, to grow? Zachary Crockett sows a few seeds. SOURCES:Justin Hancock, director of research and development at Costa Farms.Brian Williams, co-owner of Brian's Botanicals.Sarah Williams, co-owner Brian's Botanicals. RESOURCES:"Bidding Wars and $1,000 Succulents: The Wild World of Rare Houseplants," by Hannah Holland (The Washington Post, 2023)."Houseplants Boomed During the Pandemic. Gen Z and Millennials Say the Popularity Is Here to Stay," by Lucia Starbuck (KUNR, 2022)."The Most Iconic Houseplant Trends Through the Decades," by Wretched Flowers (Architectural Digest, 2021)."Meet the Plantfluencers," by Penelope Green (The New York Times, 2018).
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Comments (9)

TH3N0RTHSID3

I use the Paper Karma app to get rid of junk mail. It actually works pretty good. Use it in combination with something like DeleteMe and the junk eventually stops coming.

Feb 26th
Reply

Mr kibria

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Jan 27th
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Jason Copp

only 30 episodes in and already doing replays

Nov 29th
Reply

Aakash Amanat

I find the topic of "The Economics of Everyday Things" absolutely fascinating. It's incredible how economic principles are woven into our daily lives without us even realizing it. From the cost of our morning coffee to the price fluctuations of gas, economics plays a significant role. https://soundcloud.com/customise-sticker Consider something as simple as supply and demand. The way prices for goods like smartphones or sneakers vary depending on their popularity among consumers is a prime example of how these principles work. And let's not forget about the concept of opportunity cost – the idea that when we make a choice, we're forgoing other potential options. This is evident when we decide to spend money on one thing, say a movie night, instead of saving for a future vacation. https://about.me/Customise-Sticker

Aug 21st
Reply

Andrew Conor

I would have liked to hear a little more about what special numbers are out there that people try extra hard to get. does the number 42 sell for a high amount? what other ones?

Aug 8th
Reply

Aarash Baktash

fascinating story

Aug 2nd
Reply

Joe A. Finley II

Lawn "care" is 1000x more destructive to the environment than the deer.

Jul 11th
Reply (1)

Aarash Baktash

fascinating topic, well done

Jul 7th
Reply
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