✷✡ ➋☛☞ ❖✌✄ ✝❱ ✝ ✫ ✌❆✥ ✝ ✍✎☛❨ ☞ ✝❆✏✁
❲ ✁✂ ✄✁❆❨✱ ☎❆✂✆❆✝❨ ✞✟✱ ✞✠✶✾
BUSINESS & AG
There’s always a next recession, so be prepared
❘ ➊➎➊➒➒➍➜➇➒ ➆➌➊ ➙➍➤➊ ➇➆➥↔➌➆➙
➑➍➒➆➒➥➊➌➒➓➪➫➊➳➶➌➊ ➍➇➊➠➍➥➆➨➙➊↕
➨↔➥ ➒➉➆➌➥ ➛➌➊➛➆➌➆➥➍➜➇ ➉➆➳
➌➊➑↔➎➊ ➥➫➊ ➍➉➛➆➎➥ ➜➇ ➳➜↔➞
➪➫➊ ✾ ➞➺➞ ➊➎➜➇➜➉➳ ➫➆➒
➐➌➜➡➇ ➒➥➊➆➑➍➙➳ ➒➍➇➎➊ ➊➉➊➌➐➯
➍➇➐ ➦➌➜➉ ➥➫➊ ➔ ✿ ➌➊➆➥ ❘ ➊➎➊➒➯
➒➍➜➇➵➍➇ ❐↔➇➊ ➻➼➼ ✉ ↕ ➨↔➥ ➊ ❀ ➛➆➇➯
➒➍➜➇➒ ➎➆➇➶➥ ➎➜➇➥➍➇↔➊ ➦➜➌➊➠➊➌↕
➆➇➑ ➥➫➍➒ ➜➇➊ ➍➒ ➆➙➌➊➆➑➳ ➥➫➊
➒➊➎➜➇➑➯➙➜➇➐➊➒➥ ➜➇ ➌➊➎➜➌➑➞
➣➇➙➳ ➥➫➊ ➊ ❀ ➛➆➇➒➍➜➇ ➦➌➜➉
➹➆➌➎➫ ➽ ✉✉ ➽ ➥➜ ➹➆➌➎➫ ➻➼➼➽
➙➆➒➥➊➑ ➙➜➇➐➊➌➞
❘ ➊➎➊➒➒➍➜➇➒ ➜➎➎↔➌ ➡➫➊➇
➐➌➜➡➥➫ ➒➥➜➛➒ ➆➇➑ ➥➫➊ ➊➎➜➇➜➯
➉➳ ➒➥➆➌➥➒ ➥➜ ➒➫➌➍➇➤➞➪➫➊➳ ➠➆➌➳
➍➇ ➒➊➠➊➌➍➥➳ ➆➇➑ ➙➊➇➐➥➫↕ ➨↔➥
➜➦➥➊➇ ➚➜➨➒ ➑➍➒➆➛➛➊➆➌↕ ➍➇➎➜➉➊➒
➑➊➎➙➍➇➊ ➆➇➑ ➙➊➇➑➊➌➒ ➉➆➤➊ ➍➥
➫➆➌➑➊➌ ➥➜ ➝↔➆➙➍➦➳ ➦➜➌ ➎➌➊➑➍➥➞
❑ ➇➜➡➍➇➐ ➡➫➆➥ ➉➆➳ ➨➊
➎➜➉➍➇➐ ➎➆➇ ➫➊➙➛ ➳➜↔ ➦➜➌➥➍➦➳
➳➜↔➌ ➲➇➆➇➎➊➒ ➥➜ ➡➍➥➫➒➥➆➇➑ ➆
➛➜➒➒➍➨➙➊ ➒➙➜➡➑➜➡➇➞ ❮➊➌➊ ➆➌➊
➒➜➉➊ ➒➥➊➛➒ ➥➜ ➎➜➇➒➍➑➊➌➞
❁❂❃❄❅❂ ❈❊❄❋ ❍■❄❏▼ ◆❖P❂❏◗
➪➫➊ ➴➼ ❙ ❰➼ ❙ ➻➼ ➨↔➑➐➊➥ ➒↔➐➯
➐➊➒➥➒ ➙➍➉➍➥➍➇➐ ➳➜↔➌ ➉↔➒➥➯➫➆➠➊
➊ ❀ ➛➊➇➒➊➒ ➥➜ ➴➼ ➛➊➌➎➊➇➥ ➜➦ ➳➜↔➌
➆➦➥➊➌➯➥➆ ❀ ➍➇➎➜➉➊↕ ➡➍➥➫ ❰➼ ➛➊➌➯
➎➊➇➥ ➆➙➙➜➎➆➥➊➑ ➥➜ ➡➆➇➥➒ ➆➇➑ ➻➼
➛➊➌➎➊➇➥ ➥➜ ➑➊➨➥ ➛➆➳➉➊➇➥ ➆➇➑
➒➆➠➍➇➐➒➞ ➹↔➒➥➯➫➆➠➊➒ ➍➇➎➙↔➑➊
➒➫➊➙➥➊➌↕ ➥➌➆➇➒➛➜➌➥➆➥➍➜➇↕ ➦➜➜➑↕
↔➥➍➙➍➥➍➊➒↕ ➍➇➒↔➌➆➇➎➊↕ ➆➇➑ ➉➍➇➍➯
➉↔➉ ➙➜➆➇ ➛➆➳➉➊➇➥➒➞
➟➍➉➍➥➍➇➐ ➊➒➒➊➇➥➍➆➙ ➊ ❀ ➛➊➇➒➊➒
➊➇➒↔➌➊➒ ➳➜↔ ➫➆➠➊ ➌➜➜➉ ➥➜
➛➆➳ ➜➦➦ ➥➫➊ ➛➆➒➥↕ ➒➆➠➊ ➦➜➌ ➥➫➊
➦↔➥↔➌➊ ➆➇➑ ➫➆➠➊ ➆ ➙➍➥➥➙➊ ➦↔➇➞
ÐÑÒ ÓÔÕÖ×Ø×Ù
ÚÛÜÝÞÜßàá âãÛä åæçà èé
➆➇ ➈➉➊➌➍➎➆➇ ➏➆➐ ➆➇➑
➌➊➆➑➒➓ ➔→➇ ➣↔➌ ➈➉➊➌➍➎➆↕
➈➙➙ ➛➊➜➛➙➊ ➆➌➊ ➊➝↔➆➙➞ ➟➜➠➊
➡➍➇➒➞ ➢➙➆➎➤ ➙➍➠➊➒ ➉➆➥➥➊➌➞
→➉➉➍➐➌➆➇➥➒ ➆➇➑ ➌➊➦↔➐➊➊➒
➆➌➊ ➡➊➙➎➜➉➊➞ ➧➍➒➆➨➍➙➍➥➍➊➒
➆➌➊ ➌➊➒➛➊➎➥➊➑➞ ➩➜➉➊➇ ➆➌➊
➍➇ ➎➫➆➌➐➊ ➜➦ ➥➫➊➍➌ ➨➜➑➍➊➒➞
➭➊➜➛➙➊ ➆➇➑ ➛➙➆➇➊➥ ➆➌➊ ➠➆➙➯
↔➊➑ ➜➠➊➌ ➛➌➜➲➥➞ ➧➍➠➊➌➒➍➥➳ ➍➒
➎➊➙➊➨➌➆➥➊➑➞➵
➩➍➙➙➍➆➉➒ ➡➜➌➤➊➑ ➦➜➌
➸➆➇ ➺➎➫➜➜➇➫➜➠➊➇ ➑➜➍➇➐
➆➙➥➊➌➆➥➍➜➇➒ ➨➌➍➊➏➳ ➨➊➦➜➌➊
➜➛➊➇➍➇➐ ➫➊➌ ➨➜↔➥➍➝↔➊ ➍➇
➥➫➊ ➒↔➉➉➊➌ ➜➦ ➻➼➽➾➞ ➩➍➙➯
➙➍➆➉➒ ➒➆➍➑ ➒➫➊ ➫➆➑ ➥➜➙➑ ➸➆➇
➺➎➫➜➜➇➫➜➠➊➇ ➡➫➊➇ ➒➫➊ ➡➆➒
➌➊➆➑➳ ➥➜ ➌➊➥➍➌➊↕ ➒➫➊ ➡➜↔➙➑
➙➍➤➊ ➥➜ ➨↔➳ ➫➊➌ ➑➌➳➯➎➙➊➆➇➍➇➐
➨↔➒➍➇➊➒➒➞
➔➩➊ ➫➆➑ ➚↔➒➥ ➆➙➡➆➳➒
➥➆➙➤➊➑ ➆➨➜↔➥ ➡➫➊➇ ➥➫➊ ➥➍➉➊
➡➆➒ ➌➍➐➫➥ ➦➜➌ ➫➊➌ ➥➜ ➒➊➙➙ ➥➫➆➥
→ ➡➜↔➙➑ ➨➊ ➍➇➥➊➌➊➒➥➊➑ ➍➇ ➍➥↕➵
➩➍➙➙➍➆➉➒ ➒➆➍➑➞
➪➫➊ ➑➌➳➯➎➙➊➆➇➍➇➐ ➛➜➌➯
➥➍➜➇ ➜➦ ➩➍➙➙➍➆➉➒➶ ➨↔➒➍➇➊➒➒
➍➒ ➙➜➎➆➥➊➑ ➍➇ ➥➫➊ ➨➆➎➤ ➛➆➌➥
➜➦ ➥➫➊ ➹➊➌➌➍ ➟➊➊ ➒➥➜➌➊➦➌➜➇➥
➜➇ ➈➑➆➉➒ ➈➠➊➇↔➊ ➍➇ ➡➫➆➥
↔➒➊➑ ➥➜ ➨➊ ➫➊➌ ➒➊➡➍➇➐ ➌➜➜➉➞
➩➍➙➙➍➆➉➒ ➥➜➜➤ ➜➠➊➌ ➥➫➊ ➑➌➳➯
➎➙➊➆➇➍➇➐ ➨↔➒➍➇➊➒➒ ➜➇
➧➊➎➞ ➻➘↕ ➆➇➑ ➒➫➊ ➒➆➍➑ ➒➍➇➎➊
➥➫➊➇ ➫➊➌ ➨↔➒➍➇➊➒➒ ➫➆➒ ➨➊➊➇
➒➛➙➍➥ ➴➼➯➴➼ ➨➊➥➡➊➊➇ ➥➫➊ ➨➜↔➯
➥➍➝↔➊ ➆➇➑ ➑➌➳➯➎➙➊➆➇➍➇➐➞
➔➷→➥➶➒ ➨➊➊➇➬ ➒↔➛➊➌ ➨↔➒➳↕➵
➒➫➊ ➒➆➍➑↕ ➇➜➥➍➇➐ ➒➫➊ ➫➆➒ ➜➇➙➳
➜➇➊ ➛➆➌➥➯➥➍➉➊ ➊➉➛➙➜➳➊➊➞
➩➫➍➙➊ ➩➍➙➙➍➆➉➒ ➆➇➑ ➸➆➇
➺➎➫➜➜➇➫➜➠➊➇ ➆➌➊ ➐➜➜➑
➦➌➍➊➇➑➒↕ ➩➍➙➙➍➆➉➒ ➒➆➍➑ ➥➫➊➳
➑➜➇➶➥ ➆➐➌➊➊ ➜➇ ➛➜➙➍➥➍➎➒ ➆➇➑
④⑤⑥⑦
⑧⑨⑩⑩⑤❶
❷❸❹ ❺❻❼❽❾❿
✏ ➆➛➛➍➇➐ ➥➫➊➉ ➆➙➒➜ ➫➊➙➛➒ ➑↔➌➯
➍➇➐ ➨➆➑ ➊➎➜➇➜➉➍➎ ➥➍➉➊➒↕ ➡➫➊➇
➳➜↔ ➉➆➳ ➇➊➊➑ ➥➜ ➒➫➆➌➛➙➳
➌➊➑↔➎➊ ➳➜↔➌ ➒➛➊➇➑➍➇➐ ➨➊➎➆↔➒➊
➜➦ ➚➜➨ ➙➜➒➒ ➜➌ ➌➊➑↔➎➊➑ ➫➜↔➌➒➞
❯❋❊▼❂❅▼ ❈❊❄❋ ❅❋❂❃❲▼ ❏❅❊❋❂❏
➟➊➇➑➊➌➒ ➜➦➥➊➇ ➐➊➥ ➛➍➎➤➍➊➌
➑↔➌➍➇➐ ➌➊➎➊➒➒➍➜➇➒➞➪➫➊➳ ➉➆➳
➦➌➊➊ ❳ ➊ ➙➍➇➊➒ ➜➦ ➎➌➊➑➍➥↕ ➎➙➜➒➊
➎➌➊➑➍➥ ➎➆➌➑ ➆➎➎➜↔➇➥➒ ➆➇➑
➉➆➤➊ ➇➊➡ ➙➜➆➇➒ ➫➆➌➑➊➌ ➥➜ ➐➊➥➞
➭➊➜➛➙➊ ➡➍➥➫ ➐➜➜➑ ➎➌➊➑➍➥
➒➎➜➌➊➒ ➥➊➇➑ ➥➜ ➦➆➌➊ ➨➊➥➥➊➌
➡➫➊➇ ➙➊➇➑➊➌➒ ➐➊➥ ➎➫➜➜➒➳➞
➟➊➇➑➊➌➒ ➇➊➊➑ ➥➜ ➒➥➆➳ ➍➇
➨↔➒➍➇➊➒➒↕ ➆➦➥➊➌ ➆➙➙↕ ➒➜ ➡➫➊➇
➑➊➙➍➇➝↔➊➇➎➍➊➒ ➆➇➑ ➑➊➦➆↔➙➥➒
➌➍➒➊ ➥➫➊➳ ➡➆➇➥ ➥➜ ➎↔➙➥➍➠➆➥➊
➎↔➒➥➜➉➊➌➒ ➡➫➜ ➆➌➊ ➉➜➒➥
➙➍➤➊➙➳ ➥➜ ➛➆➳ ➥➫➊➉ ➨➆➎➤➞
➢➊➎➆↔➒➊ ➫➍➐➫ ➒➎➜➌➊➒ ➒↔➐➯
➐➊➒➥ ➳➜↔➶➙➙ ➛➆➳ ➆➒ ➆➐➌➊➊➑↕
➛➌➜➥➊➎➥➍➇➐ ➳➜↔➌ ➒➎➜➌➊➒ ➍➒
➊➒➒➊➇➥➍➆➙➞ ➪➫➆➥ ➉➊➆➇➒ ➛➆➳➯
➍➇➐ ➆➙➙ ➳➜↔➌ ➨➍➙➙➒ ➜➇ ➥➍➉➊↕
↔➒➍➇➐ ➜➇➙➳ ➆ ➒➉➆➙➙ ➆➉➜↔➇➥
➜➦ ➳➜↔➌ ➎➌➊➑➍➥ ➙➍➉➍➥➒↕ ➤➊➊➛➍➇➐
➜➙➑ ➎➌➊➑➍➥ ➎➆➌➑ ➆➎➎➜↔➇➥➒ ➜➛➊➇
➆➇➑ ➨➊➍➇➐ ➒➊➙➊➎➥➍➠➊ ➆➨➜↔➥
➜➛➊➇➍➇➐ ➇➊➡ ➆➎➎➜↔➇➥➒➞
❩❬❅❋❂❖❏❂ ❈❊❄❋ ❭❬❖❬❅❲❖❪
❫❂❴❲❵❲❪❲▼❈
→➑➊➆➙➙➳↕ ➊➠➊➌➳➜➇➊ ➡➜↔➙➑
➫➆➠➊ ➆➇ ➊➉➊➌➐➊➇➎➳ ➦↔➇➑
➊➝↔➆➙ ➥➜ ➆➥ ➙➊➆➒➥ ➥➫➌➊➊ ➉➜➇➥➫➒➶
➫➆➠➊ ➆ ➙➜➥ ➜➦ ➜➥➫➊➌ ➑➍➦➦➊➌➍➇➐
➠➍➊➡➒➞ ➹➊➌➌➍ ➟➊➊ ➍➒ ➆➇➑ ➡➍➙➙
➌➊➉➆➍➇ ➛➜➙➍➥➍➎➆➙➙➳ ➇➊↔➥➌➆➙➞
➔➮➜↔➶➙➙ ➒➊➊ ➒➍➐➇➒ ➍➇ ➉➳
➡➍➇➑➜➡↕ ➨↔➥ ➥➫➊➳ ➒➆➳ ➜➛➊➇
➦➜➌ ➨↔➒➍➇➊➒➒↕➵ ➒➫➊ ➒➆➍➑➞
➔➱➠➊➌➳➜➇➊➶➒ ➡➊➙➎➜➉➊ ➫➊➌➊ ✃
➪➫➊➌➊ ➡➜➇➶➥ ➨➊ ➆➇➳ ➛➜➙➍➥➍➎➆➙
➆➇➳➥➫➍➇➐➞➵
➩➍➙➙➍➆➉➒ ➒➆➍➑ ➒➫➊ ➨➊➯
➙➍➊➠➊➒ ➫➊➌ ➙➆➎➤ ➜➦ ➛➜➙➍➥➍➎➆➙
➆➦➲➙➍➆➥➍➜➇ ➆➥ ➥➫➊ ➨↔➒➍➇➊➒➒
➡➍➙➙ ➫➊➙➛ ➫➊➌ ➐➆➍➇ ➎↔➒➥➜➉➊➌➒
➥➫➆➥ ➸➆➇ ➺➎➫➜➜➇➫➜➠➊➇ ➉➆➳
➫➆➠➊ ➙➜➒➥➞ →➇ ❐↔➙➳↕ ➻➼➽❒↕ ➸➆➇
➺➎➫➜➜➇➫➜➠➊➇ ➒➆➍➑ ➒➫➊ ➫➆➑
➆ ➔➇➊➥ ➐➆➍➇➵ ➜➦ ➎↔➒➥➜➉➊➌➒
➆➦➥➊➌ ➛➙➆➎➍➇➐ ➥➫➊ ➇➜➥➊ ➍➇ ➫➊➌
➡➍➇➑➜➡↕ ➇➜➥➍➇➐ ➒➫➊ ➑➍➑ ➙➜➒➊
➒➜➉➊ ➑↔➊ ➥➜ ➥➫➊ ➒➍➐➇↕ ➨↔➥ ➒➫➊
➐➆➍➇➊➑ ➉➜➌➊ ➦➜➌ ➥➫➊ ➒➆➉➊
➌➊➆➒➜➇➞
➭➜➙➍➥➍➎➆➙ ➆➦➲➙➍➆➥➍➜➇
➆➒➍➑➊↕ ➩➍➙➙➍➆➉➒ ➒➆➍➑ ➸➆➇
➺➎➫➜➜➇➫➜➠➊➇➶➒ ➛➌➊➒➊➇➎➊ ➡➍➙➙
➨➊ ➉➍➒➒➊➑➞ ➺➫➊ ➇➜➥➊➑ ➸➆➇
➺➎➫➜➜➇➫➜➠➊➇ ➎➜↔➙➑ ➜➦➥➊➇ ➨➊
➦➜↔➇➑ ➒➍➥➥➍➇➐ ➜➇ ➥➫➊ ➎➜↔➎➫ ➍➇
➫➊➌ ➨↔➒➍➇➊➒➒➶ ➦➜➳➊➌ ➎➫➆➥➥➍➇➐
➡➍➥➫ ➎↔➒➥➜➉➊➌➒➞
➔→ ➡➍➙➙ ➇➊➠➊➌ ➨➊ ➆➨➙➊ ➥➜ ➲➙➙
❮➊➍➑➍➶➒ ➒➫➜➊➒↕➵ ➒➫➊ ➒➆➍➑➞➔➢↔➥
→ ➥➫➍➇➤ ➡➍➥➫ ➉➳ ➜➡➇ ➒➛➍➌➍➥
➆➇➑ ➊➇➥➍➥➳ →➶➙➙ ➨➊ ➆➨➙➊ ➥➜ ➨➌➍➇➐
➒➜➉➊➥➫➍➇➐ ➥➜ ➥➫➊ ➥➆➨➙➊➞➵
➪➫➊ ➇➊➡➯➑➌➳ ➎➙➊➆➇➍➇➐
➨↔➒➍➇➊➒➒ ➫➆➒ ➐➜➥➥➊➇ ➜➦➦ ➥➜
➆ ➦➆➒➥ ➒➥➆➌➥↕ ➡➫➍➎➫ ➩➍➙➯
➙➍➆➉➒ ➆➥➥➌➍➨↔➥➊➒ ➥➜ ➸➆➇
➺➎➫➜➜➇➫➜➠➊➇➶➒ ➆➒➒➍➒➥➆➇➎➊
➆➇➑ ➥➌➆➍➇➍➇➐➞
➔➪➫➆➥➶➒ ➡➫➆➥ ➉➆➑➊ ➷➥➫➊
➥➌➆➇➒➍➥➍➜➇➬ ➒➜ ➒➊➆➉➙➊➒➒↕➵➩➍➙➯
➙➍➆➉➒ ➒➆➍➑➞
➹➊➌➌➍ ➟➊➊ ➍➒ ➜➛➊➇ ➦➌➜➉
➽➼➓❰➼ ➆➞➉➞ ➥➜ ➴ ➛➞➉➞ ➪↔➊➒➑➆➳
➥➫➌➜↔➐➫ Ï➌➍➑➆➳ ➆➇➑ ➦➌➜➉
➽➽ ➆➞➉➞ ➥➜ ➻ ➛➞➉➞ ➺➆➥↔➌➑➆➳➞
➡➜➌➥➫ ➜➦ ➊ ❀ ➛➊➇➒➊➒➞ ➢↔➥ ➉➜➒➥
➛➊➜➛➙➊ ➑➜➇➶➥ ➫➆➠➊ ➇➊➆➌➙➳ ➥➫➆➥
➉↔➎➫ ➒➆➠➊➑↕ ➆➇➑ ➨↔➍➙➑➍➇➐ ↔➛
➒↔➎➫ ➆ ➒➥➆➒➫ ➎➆➇ ➥➆➤➊ ➳➊➆➌➒➞
→➇ ➥➫➊ ➉➊➆➇➥➍➉➊↕ ➍➥➶➒
➒➉➆➌➥ ➥➜ ➒➊➥ ↔➛ ➆➎➎➊➒➒ ➥➜ ➆➑➯
➑➍➥➍➜➇➆➙ ➎➌➊➑➍➥ ➥➫➆➥ ➳➜↔ ➎➆➇
➥➆➛ ➍➦ ➳➜↔ ➙➜➒➊ ➳➜↔➌ ➚➜➨ ➜➌
➦➆➎➊ ➜➥➫➊➌ ➲➇➆➇➎➍➆➙ ➒➊➥➨➆➎➤➒➞
→➦ ➳➜↔ ➜➡➇ ➳➜↔➌ ➫➜➉➊↕ ➳➜↔
➉➆➳ ➨➊ ➆➨➙➊ ➥➜ ➒➊➥ ↔➛ ➆
➫➜➉➊ ➊➝↔➍➥➳ ➙➍➇➊ ➜➦ ➎➌➊➑➍➥
➜➌ ➌➊➛➙➆➎➊ ➳➜↔➌ ➎↔➌➌➊➇➥ ➙➍➇➊
➡➍➥➫ ➜➇➊ ➥➫➆➥ ➫➆➒ ➆ ➫➍➐➫➊➌
➙➍➉➍➥➞ ❮➆➠➍➇➐ ➆ ➦➊➡ ➎➌➊➑➍➥
➎➆➌➑➒ ➎➆➇ ➫➊➙➛ ➆➒ ➡➊➙➙➞
➪➫➊ ➤➊➳ ➥➜ ➥➫➊ ➒➥➌➆➥➊➐➳ ➍➒
➥➜ ➤➊➊➛ ➥➫➊➒➊ ➙➍➇➊➒ ➜➛➊➇ ➆➇➑
↔➇↔➒➊➑➞ ➷➮➜↔➶➙➙ ➇➊➊➑ ➥➜ ➉➆➤➊
➆ ➦➊➡ ➒➉➆➙➙ ➎➫➆➌➐➊➒ ➥➜ ➤➊➊➛
➥➫➊ ➎➌➊➑➍➥ ➎➆➌➑➒ ➆➎➥➍➠➊↕ ➨↔➥
➳➜↔ ➒➫➜↔➙➑ ➛➆➳ ➥➫➊ ➨➆➙➆➇➎➊➒
➍➇ ➦↔➙➙ ➊➆➎➫ ➉➜➇➥➫➞➬ →➦ ➳➜↔
➫➆➠➊ ➎➌➊➑➍➥ ➎➆➌➑ ➑➊➨➥↕ ➦➜➎↔➒
➜➇ ➛➆➳➍➇➐ ➥➫➆➥ ➑➜➡➇ ➒➍➇➎➊
➳➜↔➶➙➙ ➦➌➊➊ ↔➛ ➆➠➆➍➙➆➨➙➊ ➎➌➊➑➍➥
➆➇➑ ➒➆➠➊ ➉➜➇➊➳ ➜➇ ➍➇➥➊➌➊➒➥➞
➢↔➥ ➑➜➇➶➥ ➌↔➒➫ ➥➜ ➛➆➳
➜➦➦ ➒➥↔➑➊➇➥ ➙➜➆➇➒ ➜➌ ➉➜➌➥➯
➐➆➐➊➒↕ ➊➒➛➊➎➍➆➙➙➳ ➍➦ ➳➜↔ ➫➆➠➊
➫➍➐➫➊➌➯➌➆➥➊ ➑➊➨➥ ➜➌ ➆ ➛➆➙➥➌➳
➊➉➊➌➐➊➇➎➳ ➦↔➇➑➞ ➮➜↔➌ ➊ ❀ ➥➌➆
➛➌➍➇➎➍➛➆➙ ➛➆➳➉➊➇➥➒ ➥➳➛➍➎➆➙➙➳
➡➜➇➶➥ ➌➊➑↔➎➊ ➳➜↔➌ ➌➊➝↔➍➌➊➑
➉➜➇➥➫➙➳ ➛➆➳➉➊➇➥↕ ➆➇➑
➳➜↔ ➎➆➇➶➥ ➐➊➥ ➥➫➆➥ ➉➜➇➊➳
➨➆➎➤ ➍➦ ➳➜↔ ➇➊➊➑ ➎➆➒➫ ➍➇ ➆➇
➊➉➊➌➐➊➇➎➳➞ ➈➙➥➫➜↔➐➫ ➨➊➍➇➐
➑➊➨➥➯➦➌➊➊ ➍➒ ➆ ➐➜➜➑ ➐➜➆➙↕ ➍➇
➆ ➌➊➎➊➒➒➍➜➇ ➍➥ ➎➆➇ ➨➊ ➉➜➌➊
➍➉➛➜➌➥➆➇➥ ➥➜ ➫➆➠➊ ➲➇➆➇➎➍➆➙
➏➊ ❀ ➍➨➍➙➍➥➳➞
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→➦ ➳➜↔➌ ➒➥➜➎➤ ➉➆➌➤➊➥
➍➇➠➊➒➥➉➊➇➥➒ ➍➇➎➙↔➑➊ ➉➜➇➊➳
➳➜↔➶➙➙ ➇➊➊➑ ➍➇ ➥➫➊ ➇➊ ❀ ➥ ➲➠➊
➳➊➆➌➒↕ ➇➜➡ ➍➒ ➥➫➊ ➥➍➉➊ ➥➜
➉➜➠➊ ➍➥ ➥➜ ➆ ➙➜➡➊➌➯➌➍➒➤
➍➇➠➊➒➥➉➊➇➥ ➒↔➎➫ ➆➒ ➆ ➒➫➜➌➥➯
➥➊➌➉ ➨➜➇➑ ➦↔➇➑ ➜➌ ➎➆➒➫➞
➮➜↔ ➒➫➜↔➙➑ ➨➊ ➆➨➙➊ ➥➜
➙➊➆➠➊ ➆➇➳ ➒➥➜➎➤ ➉➆➌➤➊➥ ➍➇➯
➠➊➒➥➉➊➇➥➒ ➆➙➜➇➊ ➦➜➌ ➆➥ ➙➊➆➒➥
➲➠➊ ➳➊➆➌➒ ➆➇➑ ➛➌➊➦➊➌➆➨➙➳ ➽➼↕
➒➜ ➳➜↔➌ ➛➜➌➥➦➜➙➍➜ ➫➆➒ ➥➍➉➊ ➥➜
➌➊➎➜➠➊➌ ➦➌➜➉ ➑➜➡➇➥↔➌➇➒➞
✑ ➜➡ ➍➒ ➆➙➒➜ ➆ ➐➜➜➑ ➥➍➉➊
➥➜ ➌➊➨➆➙➆➇➎➊ ➳➜↔➌ ➛➜➌➥➦➜➙➍➜
➥➜ ➳➜↔➌ ➥➆➌➐➊➥ ➉➍ ❀ ➜➦ ➒➥➜➎➤➒↕
➨➜➇➑➒ ➆➇➑ ➎➆➒➫➞ ➪➫➊ ➙➜➇➐
➨↔➙➙ ➉➆➌➤➊➥ ➉➊➆➇➒ ➥➫➆➥ ➳➜↔
➉➆➳ ➫➆➠➊ ➥➜➜ ➉↔➎➫ ➉➜➇➊➳
➍➇ ➒➥➜➎➤➒↕ ➡➫➍➎➫ ➙➊➆➠➊➒ ➳➜↔
➉➜➌➊ ➠↔➙➇➊➌➆➨➙➊ ➥➜ ➑➌➜➛➒➞
→➦ ➳➜↔➶➌➊ ➇➜➥ ➍➇ ➥➫➊ ➫➆➨➍➥ ➜➦
➌➊➨➆➙➆➇➎➍➇➐ ➆➥ ➙➊➆➒➥ ➜➇➎➊ ➆
➳➊➆➌↕ ➎➜➇➒➍➑➊➌ ↔➒➍➇➐ ➆ ➥➆➌➐➊➥➯
➑➆➥➊ ➌➊➥➍➌➊➉➊➇➥ ➦↔➇➑↕ ➆ ➙➍➦➊➯
➒➥➳➙➊ ➦↔➇➑ ➜➌ ➆ ➌➜➨➜➯➆➑➠➍➒➜➌↕
➡➫➍➎➫ ➆➙➙ ➥➆➤➊ ➎➆➌➊ ➜➦ ➥➫➆➥
➎➫➜➌➊ ➆↔➥➜➉➆➥➍➎➆➙➙➳➞
➪➫➊➌➊ ➡➜➇➶➥ ➨➊ ➥➆ ❀ ➎➜➇➯
➒➊➝↔➊➇➎➊➒ ➦➜➌ ➥➫➊➒➊ ➉➜➠➊➒
➍➦ ➳➜↔➶➌➊ ➍➇➠➊➒➥➍➇➐ ➍➇➒➍➑➊ ➆
➥➆ ❀ ➯➑➊➦➊➌➌➊➑ ➆➎➎➜↔➇➥↕ ➒↔➎➫
➆➒ ➆➇ → ❘ ➈ ➜➌ ➾➼➽➷➤➬➞ ➢➊➦➜➌➊
➉➆➤➍➇➐ ➉➜➠➊➒ ➍➇ ➆ ➥➆ ❀ ➆➨➙➊
➆➎➎➜↔➇➥↕ ➎➜➇➒↔➙➥ ➆ ➥➆ ❀ ➛➌➜➞
➈➙➙ ➜➦ ➥➫➊➒➊ ➒➥➊➛➒ ➉➆➤➊
➒➊➇➒➊ ➌➊➐➆➌➑➙➊➒➒ ➜➦ ➡➫➆➥
➫➆➛➛➊➇➒ ➡➍➥➫ ➥➫➊ ➊➎➜➇➜➉➳➞
➪➆➤➍➇➐ ➥➫➊➉ ➇➜➡ ➎➆➇ ➫➊➙➛
➳➜↔ ➨➊➥➥➊➌ ➫➆➇➑➙➊ ➡➫➆➥➊➠➊➌
➎➜➉➊➒ ➇➊ ❀ ➥➞
❞ íì ❣ ô ❤ ✐ í ✇ ì ❥ íîï ❦♠ í
ý ✝ ☛ ýû ♦ þ ♣✟❝☎ q þ ✁ ú ✂ ÷ýù ý ✝✝s ü ✂✁ ✟ ÷ ✂ ♣ s♣s ù ✂✁
ùý ✝✂ s♥ ✟ ÷ ✂ ✟ s þ ☛✝✂✁ ÿ s ù ✟ ❱ ý ✝✝✂☎ ① ý ② ✟s ♣ s❝✂✂✁
✁✂ ù ♣ ø ✟✂ s☛q✂❝✟ ø s ûù ☛☎ ③ ✂ ú s û ýú ✂ û ❝ ø ✂ ù s✈✂ ü÷ s üø ✝✝
❝✝✂ ýû þ ♣ ✟ ÷ ✂ ✁ ýø ☎✞ ù üýù ✟✂ üý ✟✂ ýû ✁ ② ýûþ ✂✎
❆ ♥✂✁✂
❉✽✓✒❨
✰✢✢✦✗✴
ÚÛÜÝÞÜßàá âãÛä åæçà èé
❡❧✱✚ ✳✘✘✤ ✚t✘ ✱❧❡✘ ✩✱ ✣✘✢✘✱✲
✵✦✙❧✗✷❧✣ ✚✰❡✜ ✚t✘ ✢✰✦✗✚
●✗✘✙ ✚✘ ✛✘❡✜✘ ✜✘✢❡❧✗✘✜
✱❧✗★ ✚✰ ✷✰✺✘ ❢✰✗✳❧✗✜ ✳✩✚t
❜❧✣✤✗✦✧✚✢★ ✩✣ ✪✧✗✩❡ ✫✬✭✮✯
✢❡✘❧✣✦✧✴
❢✰✗✘✱✚❧❡❡✩✣✙ ❧ ✧❡❧✣✣✘✜ ❧✦✢✲
❚t✘ ✜❧✩✗★ ✩✱ ✢✰✣✚✩✣✦✩✣✙
✚✩✰✣ ✰❢ t✩✱ ✢✰✳✱ ❧✱ ✧❧✗✚ ✰❢ ❧
✚✰ ✳✰✗✤ ✳✩✚t ✚t✘ ❧✙✘✣✢✩✘✱
❜❧✣✤ ❢✰✗✘✢❡✰✱✦✗✘✴
✰✣ ❧ ✱✘✚✚❡✘✷✘✣✚ ❧✙✗✘✘✷✘✣✚✯
❚✗✦✱✚✘✘ ✵✦✙❧✗✷❧✣ ✳✩❡❡
❧✣✜ ✩✚ ✩✱ ✢✰✷✷✩✚✚✘✜ ✚✰
✗✘✚❧✩✣ ✚t✘ ✜❧✩✗★r✱ ✱✚❧✚✘
✢❡✘❧✣✩✣✙ ✦✧ ➇✩✣ ❧✢✢✰✗✜❧✣✢✘
✧✘✗✷✩✚✯ ✷❧✤✩✣✙ t✩✷ ✗✘✱✧✰✣✲
✳✩✚t ✱✚❧✣✜❧✗✜✱ ❧✙✗✘✘✜ ✚✰
✱✩❜❡✘ ❢✰✗ ✢❡✘❧✣✦✧✴ ❚t✘ ✱✚❧✚✘
❜★ ❜✰✚t ✧❧✗✚✩✘✱ ✚✰ ✘✣✱✦✗✘
❧✙✘✣✢✩✘✱ ✱❧✩✜ ❧ ✱✘✚✚❡✘✷✘✣✚
✚t✘ ✧✗✰✚✘✢✚✩✰✣ ✰❢ ✚t✘
❧✙✗✘✘✷✘✣✚ t❧✱ ✣✰✚ ❜✘✘✣
✘✣✺✩✗✰✣✷✘✣✚✯➈ ▲✰✱✚ ✛❧❡❡✘★
✸✣❧❡✩✹✘✜ ✳✩✚t ✵✦✙❧✗✷❧✣
✱✧✰✤✘✱✳✰✷❧✣ ▲✩✹ ✻✦❡❡✘✗
❧❜✰✦✚ t✰✳ ✚t✘ ✢❡✘❧✣✦✧ ✳✩❡❡
✱❧✩✜✴
❇✒✓✔✕✖❨
ÚÛÜÝÞÜßàá âãÛä åæçà èé
➦➜↔➇➑ ➥➫➜➒➊ ➨➊➇➊➲➥➒ ➐➊➇➊➌➯
➆➥➊➑ ➆ ➌➍➛➛➙➊ ➊➦➦➊➎➥ ➔➨↔➳➍➇➐
➛➜➡➊➌➵ ➜➦ ➉➜➌➊ ➥➫➆➇ ✥ ❰❰❰
➉➍➙➙➍➜➇ ➡➫➊➇ ➉➊➉➨➊➌➒
➌➊➍➇➠➊➒➥➊➑ ➥➫➜➒➊ ➨➊➇➊➲➥➒
➨➆➎➤ ➍➇➥➜ ➥➫➊➍➌ ➙➜➎➆➙ ➎➜➉➯
➉↔➇➍➥➍➊➒➞
➈➎➎➜➌➑➍➇➐ ➥➜ ➱ ✏ ➣ ✑ ➜➌➥➫➯
➡➊➒➥↕ ➎➌➊➑➍➥ ↔➇➍➜➇ ➉➊➉➨➊➌➯
➒➫➍➛ ➫➆➒ ➐➌➜➡➇ ➽➾ ➛➊➌➎➊➇➥
➒➍➇➎➊ ➻➼➽➘ ➍➇ ➣➌➊➐➜➇➞ ➪➫➊
➒➥↔➑➳ ➆➙➒➜ ➦➜↔➇➑ ➎➌➊➑➍➥
↔➇➍➜➇➒ ➜➦➦➊➌ ➠➍➥➆➙ ➲➇➆➇➎➍➆➙
➒➊➌➠➍➎➊➒ ➍➇ ➌↔➌➆➙ ➎➜➉➉↔➇➍➯
➥➍➊➒↕ ➒↔➎➫ ➆➒ ➆➐➌➍➎↔➙➥↔➌➆➙↕
➫➜➉➊↕ ➠➊➫➍➎➙➊ ➆➇➑ ➒➉➆➙➙
➨↔➒➍➇➊➒➒ ➙➜➆➇➒➞
❬❭❪❫
❴❵❛❜ ❝❞
❡ ❢❜❫❡❣❤
✐❵❥❫ ❦❵❭❧
❛♠ ♥❵❜ ❡
♦❜❫❡♣ ♣❭❥❫q
êëìíîïíî ðñí òóôõô
ö÷øù ùøúû üýù ÷þûú øû ÿý ❛ ýû ✁✂ ✄ ☎ ✆✝✂ ýûøûú ✞ ù üøû ✁s ü
øû ❆ þúþù ✟ ✠✡✶✼ ☛☎ ✟ ÷ ✂ û ☞s üû ✂ ✌✂ ø ✁ ø ❱ ýû ✍❝ ÷ ss û÷ s✈✂ û ✎
rst✉✈✇① ②③①④⑤
⑥⑥⑥⑦ ⑧⑨⑩❶ ❷⑩❸❹❹⑩❺ ❻❼❽❹❸ ❾❿⑩➀ ➁ ⑦➂⑧➃⑦➄⑥➃⑦⑦➅➅
OTEC nominating committee members appointed
Baker City, Oregon (OTEC) — The Oregon Trail Electric Cooperative
Board of Directors have appointed the following members to the
director nominating committee for Baker and Union counties:
Positions 7 and 8 — Union County
Seats are currently held by incumbents Greg Howard and David Baum
✑ ✒✓✔✔✕ ✖✗✘✗✙✕✚✗
✑ ✪✕✙✬ ✭✗✮✯
✑ ✲✳✮✮✗✴✴ ✵✗✮✯✗✙
✛✜✢✣✤✦✧✣✢✜★✩
✛✜✢✣★✢✰✣✜✛✜✧
✛✜✢✣★✢✰✣✰★✰✧
✸✓✮✹✯✹✓✔ ★ ✺ ✖✕✻✗✙ ✼✓✳✔✯✬
Seat is currently held by incumbent Charlene Chase
✑ ✒✹✕✔✕ ✖✙✓✽✔
✑ ✒✗✗✒✗✗ ✼✴✕✙✻✗
✑ ❀✙✗❁ ✭✕✙✔✗✙❂ ❃✙❄
✛✜✢✣✛✩✿✣✿✧✤★
✛✜✢✣✛✩✜✣✢★★★
✛✜✢✣✛✩✜✣✩✰✜✰
❅❇✗ ✔✓❈✹✔✕✯✹✔✚ ❉✓❈❈✹✯✯✗✗ ❇✕✔❁✴✗✮ ✹✔✯✗✙✘✹✗✽✹✔✚ ✕✔❁ ✙✗❉✓❈❈✗✔❁✕✯✹✓✔✮ ✓❊ ❋✳✕✴✹●✗❁ ❉✕✔❁✹❁✕✯✗✮
❊✓✙ ✯❇✗ ✩✰✢★ ❍❅■✼ ✖✓✕✙❁ ✓❊ ✒✹✙✗❉✯✓✙✮ ✗✴✗❉✯✹✓✔✮❄ ❏❊ ✬✓✳ ✕✙✗ ✕ ❈✗❈❑✗✙ ✓❊ ✯❇✗ ❉✓✓▲✗✙✕✯✹✘✗ ✕✔❁
✕✙✗ ✹✔✯✗✙✗✮✯✗❁ ✹✔ ✙✳✔✔✹✔✚ ❊✓✙ ✯❇✗ ❍❅■✼ ✖✓✕✙❁ ✓❊ ✒✹✙✗❉✯✓✙✮❂ ▲✴✗✕✮✗ ❉✓✔✯✕❉✯ ✓✔✗ ✓❊ ✯❇✗ ❉✓❈❈✹✯✯✗✗
❈✗❈❑✗✙✮ ✹✔ ✬✓✳✙ ❉✓✳✔✯✬❄
❅❇✗ ❉✓❈❈✹✯✯✗✗ ❇✕✮ ✙✗❋✳✗✮✯✗❁ ✕✔✬ ❈✗❈❑✗✙✮ ✹✔✯✗✙✗✮✯✗❁ ✹✔ ✮✯✗▲▲✹✔✚ ❊✓✙✽✕✙❁ ❊✓✙ ❉✓✔✮✹❁✗✙✕✯✹✓✔❂
▲✴✗✕✮✗ ❉✓✔✯✕❉✯ ✯❇✗❈ ✓✔ ✓✙ ❑✗❊✓✙✗ ❃✕✔✳✕✙✬ ✩★❂ ✩✰✢★❄
The nominating committee must submit its nominations to the board secretary no later than
❀✗❑✙✳✕✙✬ ✢❂ ✩✰✢★❄
▼✔✬ ❈✗❈❑✗✙ ✽✕✔✯✹✔✚ ✯✓ ▲✗✯✹✯✹✓✔ ❊✓✙ ▲✴✕❉✗❈✗✔✯ ✓✔ ✯❇✗ ✩✰✢★ ✖✓✕✙❁ ✓❊ ✒✹✙✗❉✯✓✙✮ ✗✴✗❉✯✹✓✔ ❑✕✴✴✓✯
✮❇✓✳✴❁ ❉✓✔✯✕❉✯ ✵✗✕ ◆✗✯✯✴✗ P✛✜✢✣✛✩✜✣✩✦✿✢◗ ❊✓✙ ✯❇✗ ▲✗✯✹✯✹✓✔ ✕✔❁ ❉✓✔❘✹❉✯ ✓❊ ✹✔✯✗✙✗✮✯ ❊✓✙❈✮❄
❙✓❈✹✔✕✯✹✓✔✮ ❑✬ ▲✗✯✹✯✹✓✔ ❈✳✮✯ ❑✗ ●✴✗❁ ✔✓ ✴✕✯✗✙ ✯❇✕✔ ✪✕✙❉❇ ✛❂ ✩✰✢★❂ ❈✳✮✯ ❑✗ ✮✹✚✔✗❁ ❑✬ ✯❇✗ ❉✕✔❁✹❁✕✯✗
✕✔❁ ✹✔❉✴✳❁✗ ✕✯ ✴✗✕✮✯ ✛✰ ❍❅■✼ ❈✗❈❑✗✙✮❚ ✮✹✚✔✕✯✳✙✗✮ ✽❇✓ ✕✙✗ ❋✳✕✴✹●✗❁ ✯✓ ✘✓✯✗❄ ❏✔ ✕❁❁✹✯✹✓✔❂ ✯❇✗✙✗
❈✳✮✯ ❑✗ ✕ ✙✗❋✳✗✮✯ ✯❇✕✯ ✯❇✗ ❉✕✔❁✹❁✕✯✗❚✮ ✔✕❈✗ ❑✗ ▲✴✕❉✗❁ ✓✔ ✯❇✗ ❑✕✴✴✓✯❄
▼ ❉✓▲✬ ✓❊ ✯❇✗ ❑✬✴✕✽✮ ❁✗✮❉✙✹❑✹✔✚ ✯❇✗ ✯✗✙❈✮ ✓❊ ✓❊●❉✗❂ ✕▲▲✴✹❉✕✯✹✓✔ ✕✔❁ ❋✳✕✴✹●❉✕✯✹✓✔✮ ✔✗✗❁✗❁ ✯✓
✮✗✙✘✗ ✓✔ ✯❇✗ ✔✹✔✗✣❈✗❈❑✗✙ ❑✓✕✙❁❂ ✕✴✓✔✚ ✽✹✯❇ ✕ ❉✓✔❘✹❉✯ ✓❊ ✹✔✯✗✙✗✮✯ ▲✓✴✹❉✬ ✕✙✗ ✕✘✕✹✴✕❑✴✗ ✓✔✴✹✔✗ ✕✯
✽✽✽❄✓✯✗❉❉❄❉✓❈❯✕❑✓✳✯❯✕✔✔✳✕✴✣❈✗✗✯✹✔✚✮
■✕❉❇ ❁✹✙✗❉✯✓✙❚✮ ✯✗✙❈ ✓❊ ✓❊●❉✗ ✹✮ ❊✓✙ ✯❇✙✗✗ ✬✗✕✙✮❄ ❅❇✗ ✗✴✗❉✯✹✓✔ ✽✹✴✴ ❑✗ ❉✓❈▲✴✗✯✗❁ ✕✯ ✯❇✗ ✕✔✔✳✕✴
❈✗✗✯✹✔✚ ✮❉❇✗❁✳✴✗❁ ❊✓✙ ❳✕✯✳✙❁✕✬❂ ✪✕✬ ✜❂ ✩✰✢★❂ ✹✔ ❃✓❇✔ ✒✕✬ ✕✯ ✯❇✗ ◆✙✕✔✯ ✼✓✳✔✯✬ ❀✕✹✙✚✙✓✳✔❁✮❄
▼✴✴ ❍❅■✼ ❈✗❈❑✗✙✮ ✕✔❁ ✯❇✗✹✙ ❊✕❈✹✴✹✗✮ ✕✙✗ ✗✔❉✓✳✙✕✚✗❁ ✯✓ ✕✯✯✗✔❁❄
About the cooperative
Oregon Trail Electric Cooperative (OTEC) ✹✮ ✕ ✔✓✯✣❊✓✙✣▲✙✓●✯❂ ❈✗❈❑✗✙✣✓✽✔✗❁ ✗✴✗❉✯✙✹❉ ❉✓✓▲✗✙✕✯✹✘✗
✯❇✕✯ ✮✗✙✘✗✮ ✓✘✗✙ ✿✢❂✰✰✰ ❇✓❈✗✮ ✕✔❁ ❑✳✮✹✔✗✮✮✗✮ ✹✔ ❊✓✳✙ ❉✓✳✔✯✹✗✮ ✹✔ ■✕✮✯✗✙✔ ❍✙✗✚✓✔❄ ❩✗✕❁❋✳✕✙✯✗✙✗❁
✹✔ ✖✕✻✗✙ ✼✹✯✬❂ ❍❅■✼ ❇✕✮ ❁✹✮✯✙✹❉✯ ✓❊●❉✗✮ ✹✔ ✖✳✙✔✮❂ ❃✓❇✔ ✒✕✬ ✕✔❁ ✵✕ ◆✙✕✔❁✗❄