The Hunt: Lost in Job Search Limbo

Posted by: Louis Lavelle on March 26, 2009

With the economy in turmoil, many MBA graduates are finding the job search tough going. To give readers some insight into the strategies they’re pursuing and the difficulties they face, BusinessWeek has recruited four out-of-work MBAs to write about their experiences for a new feature called “The Hunt” that will appear periodically on the Getting In blog. Comments, as always, are welcome.

By Bryan Glover
I know many people are experiencing the same frustration I am, and I sincerely hope this blog can help relieve the feeling of “aloneness” that can permeate a job hunt. My bio has more information about who I am and my background, but I thought it appropriate to share with my audience a synopsis. I finished my MBA program in December and had been working part-time during my final semester at a company that had said my job would become full-time after I graduated. Unfortunately, I was notified on my graduation day that I was going to be laid-off.

I would describe myself as a driven, intelligent, hard-working generalist with a diverse background and experience at a number of world-class companies. My career goals may sound a bit vague and fuzzy for a 35 year-old MBA graduate, but they work for me. My overarching goal is to find a career that I enjoy and that is challenging. I can better tell you what kind of organization I want to work for than what position I want to have in the future.

My job hunt can best be described as a series of peaks and valleys up to this point. Almost weekly I will hear from a potential employer whether it be a phone interview or in-person. I have been offered jobs only to have the company run out of money the week I was supposed to start. I have had one company contact me to set-up and interview, delay the interview one week, then ultimately fill the opening with an internal candidate. I had another company e-mail me to set up a lunch meeting, which went well, and then follow it up with a phone call that I couldn’t answer because I was in a meeting, and that manager not bother to return my voicemails.

My job-hunting approach has been multi-faceted. I have been networking, attending job fairs, sending resumes through contacts, and using various online job sites. I am treating my job search like a full-time job. In general, I will pick a site or sector a day and dive in. For example, one day I spent researching and applying to jobs with the federal government, the next was with my state, and so on. I have had a few offers so far that were at salary levels so low that I could not pay my bills if I took them. So, for now I am turning those jobs down with the hope that I can find a job in my salary range before my bank account reaches a critical level.

Emotionally, this job hunt has been trying. I think much of this stems from seeing so many of my classmates unable to find jobs upon graduation. Of the 27 people I graduated with, only three have been able to find full-time employment. Of those three, only one has found a job in a field and at a level that would be considered MBA caliber. One has gone to work for a non-profit and teaching GMAT prep classes on the side; the other recently took a job as a waitress. I think much of this is due to the macro economy, but there does seem to be a stigma against MBAs that plays out in not getting interviews/offers or in the form of low salary offers.

Things change day-to-day. I go through mini depression cycles weekly. I don’t mind rejection and I have been through lay-offs and bubble bursts before (I worked at a dot com when the bubble burst in 2001), but to see so many widespread reports of economic problems, the struggles of my classmates, the overnight evaporation of jobs, and the “we can be as picky as we want and you will take what we give you” attitude on behalf of so many employers is really souring me on this whole process and my future prospects when the economy does turn for the better. I am trying to stay positive because I expect to have 30 years of career in front of me and starting out bitter and resentful isn’t going to help me be successful. I will admit that some days are harder than others. I know a number of people who have been laid off in the past six months (over 30 in my network alone) and this weighs on me. While I know I am highly qualified, I also know that companies can be (and are being) very picky in their hiring right now.

Thanks for reading and please feel free to share any thoughts, questions, or feedback as appropriate.

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Reader Comments

Rudy Parker

March 26, 2009 08:24 PM

Thanks for this excellent article Bryan. I have had many of the same experiences you described. But I take comfort in knowing that there are many fine hard working men & women out there in the same situation. I wish you the best of luck in your job search!

tiffany

March 26, 2009 11:43 PM

i think it might be tougher for the international students...now more and more people were considering the roi...

good luck in your search:)

Anon

March 27, 2009 12:46 AM

Bryan, as a recently accepted candidate to one of the top three business schools, I wholeheartedly share your concern for the job market. All I can tell you is hang in there and maybe also expand your search outside the San Diego area. Being from San Diego myself, I too was unfortunately forced to leave the area many years back in order to pursue a more meaningful foundation to my career. Although I miss San Diego, I can honestly vouch for the lack of jobs out there compared to other areas such as LA or the Bay Area. Just something to keep in mind.

I was pleasantly surprised to hear your honesty regarding your "simple" yet meaningful career goals. It speaks volumes about your character, as most people I know pound the road and would sell their first-born for a job in banking, consulting and private equity - not out of passion, drive or motivation for those industries but for the MONEY. I wholeheartedly believe that 90% of the reason we are in this mess is due to people's GREED. Not just Wall St but also Mainstreet. Our goal as future MBAs should be not to only maximize profits at whatever cost - but to hopefully bring some change to our corporate way of thinking, ethics, employment practices, etc.

I have been fortunate enough to travel to many countries outside of the US. Knowing that the Nordic countries enjoy some of the best standard of living in the world I once asked someone I met in Sweden how they have been so succesful at life. I have never forgoten the response - "It's because people in Sweeden never want to have more than the neighbor next door." I'm sure many can and will probably disagree as to the validity of this statement but one thing is for certain: how many people in the US would utter such a statement even if they knew they were lying? None.

Enkhbat

March 27, 2009 03:26 AM

Good writing, thanks for sharing from your experience. I am writing from Mongolia, undergraduate student looking for MBA in the states. It seems to be difficult to find full time job there for MBA graduates. Even it is harder to apply for MBA because of so many guys who are pursuing for MBA after laid off.

Mike

March 27, 2009 06:33 AM

Thank you for your perspective and willingness to put yourself out there in order to help individuals in situations similar to yours feel less isolated. Things will get better, but it will take time and I do feel that MBAs are being unfairly blamed for what's going on right now. I'm a military member who will separate in the next few months (just finished my MBA) and I'm starting to feel a little nervous about my job prospects as well. Keep the faith and keep your head up. You will find something. It will simply take time.

Sagar Jethani

March 27, 2009 07:23 AM

Hi Bryan.

Great post. I am about 1/3 through with my executive MBA at UCLA Anderson, and know exactly what you mean about the moribund job scene out there for newly-minted MBAs.

I have seen a number of articles describing how MBAs are turning to nontraditional career paths, such as healthcare, public sector, and education in order to make up for lost opportunities on Wall Street.

Kudos to you for keeping your eyes fixed on the long-term. I think that's exactly the right attitude to have. Do you have entrepreneurial leanings? If so, this may be a good time to launch out with your own business.

Best of luck to you, and I look forward to reading more of your posts in the future.

annoymous

March 27, 2009 10:53 AM

Bryan,

I will be graduating in May with an MBA and I was one of the few lucky ones to find a job that I was looking for. The process did take nearly 6 months though, and I know for some of my friends it took a year. Just keep up a positive look and perhaps find something to do to keep your mind occupied while you search for your full time job. Best wishes and good luck with your future career endeavors!

Kim

March 27, 2009 01:00 PM

Great article, Bryan. I can definitely vouch for your job-hunting since I saw you at the career fair yesterday! Stay positive and continue to leverage those networks!

Katie

March 27, 2009 03:02 PM

That's an awesome article Bryan! I have been thinking about getting my MBA for a while now, and to read this is a little discouraging. I am in the same boat, trying and trying to find a decent paying job, but it just seems like in this economy, no company wants to hire someone that doesn't have specific experience. It's almost like education means nothing anymore. I guess we just keep on truckin... :)

Artemis

March 28, 2009 07:25 AM

Hi Bryan,

Very nice article. I really appreciate your positive and optimistic point of view. But we should accept that,we could not find our desired job in our first search process. I mean it is better to start a job which may be lower than what you expect and reach to your desired one gradually.

jab

March 28, 2009 10:06 AM

Hi Bryan. Nice article and it mirrors my experiences over the past six months as well.

About two months ago I went through what can be considered severe depression from not finding a job (I'm an MIT grad with over 15 years work experience). But then I realized that the silver lining in all this is that I'm able to spend more time with friends and family. Honestly, I'm glad I can spend so much quality time helping my daughters with schoolwork, swim classes, and other things.

I'm maximizing this opportunity because when the economy does turn, no doubt work priorities will dominate. Those of us still in the job search are likely to look back and wonder why we didn't spend this down time more "productively". Among other things, it's a great opportunity to build and help our respective networks.

All the best and good luck on finding your perfect job. Semper fi.


Some Help

March 28, 2009 05:04 PM

First of all I don't envy your position and it looks like you are working very hard but two things

1. You need better career goals. Noone is going to hire you with such a generalist outlook. I would send you out the door immediately.

2. You need to pick a sector and stick with it. This will allow you to actually network instead of jumping around and not actually accomplishing anything and eventually burning out. Also you will be able to focus your research and sound intelligent when you interview.

Good luck to you hopefully this will help.

CSI V

March 29, 2009 08:13 AM

Identify and apply transferrable skills into government, healthcare ( most recession resistant of all private sector), non-profit.
Need to do some market segmentation here.

If you really want the traditional stuff of mgt consulting and financials, you need to have very significant networks and connections.

Dr Vinay Bansal

March 29, 2009 08:33 AM

Hi Bryan,

Great article and deserve appreciation for laid out the facts so thoughtfully. Your article has touched the right chord. I am sure, soon you will win this economic battle but trust me there are lot of educated people like you who are sufferings due to this recession which is man made. Beside hard work, hope will bring you success. Please don't loose hope.

mike

March 29, 2009 12:57 PM

Hey Sagar,

I'm curious to know why you elected to follow the Executive MBA program at Anderson ( vs a full-time or part-time program ) and also about what your classmates have been like.

Fault lies not in yourself, but in a corrupt MBA industry

March 30, 2009 07:12 AM

Millions of capable young people are being routinely victimized by a business world that has become increasingly dysfunctional, and an MBA industry that exploits the tough job market. Here's my story post Harvard MBA program, published twice by the HBS newspaper: http://media.www.harbus.org/media/storage/paper343/news/2006/12/04/Viewpoints/Alumni.Perspective-2518139.shtml

MBA_Student

March 30, 2009 10:59 AM

Hi Bryan,
I guess everyone goes through a phase in life where just about everything goes wrong - and the things that you are most hopeful about will not work out in your favor. I have been through this phase - the only way to pull yourself through this phase is to keep reminding yourself that 'this too will pass'. All the best.

Charlie

March 30, 2009 11:16 AM

Bryan,

I've been in your shoes, literally. I am also a generalist with an MBA who left DC in order to give San Diego a try only to find myself applying for restaurant and PT work. The corporate climate there (SD) offers little for experienced, educated and hard working individuals like ourselves (unless you know someone but that doesn't gurantee anything either). My experience (and other affected people) with corporate organizations in San Diego (Intuit, Qualcomm, Sony, LG) was they hire less expensive/ less qualified/ less educated folks and shun the more experienced, more educated and more open ended professionals. Unless you have a very specific skill set they're seeking! I also had the experience of applying/interviewing for jobs which were far below my experience/skill level in addition to the salary was far below what I was making 5yrs ago! San Diego is great for Healthcare, Medicine, Biomedicine, Scientific Research etc.... and there is hospitality but there too, unless you've in the hospitality industry you're out of luck! My advice, look somewhere else (outside of San Diego and probably California) until you have established yourself. Lastly, I did leave San Diego returning to DC to land a post-MBA entry level job in Management Consulting while I plan a return (someday) to San Diego.

Abir

March 30, 2009 04:02 PM

Hi Bryan,

It’s needless to mention that you have written an excellent article. Your points and facts are well understood and taken. But here I would like you to think about making your each day of job search a permanent job in itself. Why spend all the time searching a job?

What I want to convey is that why don’t you look at the Entrepreneurship as a prospect in these hard times. I know that you would appreciate that there are significant gaps in the business process which are already running well. Do your environmental analysis of certain business and find out some really specific gaps. Then you could develop some solutions around those gaps as a business opportunity. But to do that you need to be a specialist in one sector or vertical.

Think about it !!!

Regards,
Abir Banerjee

gabe, san diego

March 30, 2009 06:55 PM

Have you tried focusing your job search on growing industries such as aerospace/defense, healthcare, teaching.....?

also try these sites. they are great:

simplyhired.com
indeed.com

Anonymous

April 1, 2009 04:14 PM

Great blog ...
In my case, 75 apps -> 10 interviews -> 2 offers (took me 5 months end to end). Not sure if I am a valid data point but the two offers i got were because i got on really well with the ppl i interviewed with. So maybe rather than looking for a job, we should be looking to really connect with other senior people. That does beg the question how do we pay our bills though ...

Ben, Central Massachusetts

April 1, 2009 04:22 PM

Hey Bryan,

I'm in the same boat with the same frustrations...

For fun, in addition to working the advertised job market, I've taken to discovering which jobs are multiple listings on sites such as Monster, etc., as it seems many recruiting firms in addition to the actual hiring firm are running ads for the same gig...

Also noting that jobs that are posted have in many instances actually been filled...

Anyway, keep plugin man... It'll get better... I'm throwing my name in the hat for contract gigs... As noted, indeed.com seems like a pretty good site...

Ben, Central Massachusetts

April 1, 2009 04:47 PM

An open note to President Obama... Hope you read this...

Nothing will start to get better until you can convince the companies to start hiring again, and move away from the 'short term' quarterly fix...

Unemployment & job layoffs = reduced spending = reduced Sales = reduced earnings profits... A bad cycle...

How to free up cash flow?

Allow those of us who are unemployed, and banked dough in our 401k's and IRA's, a 100% tax free withdrawal to pay off our mortgages or fund our child's college education...

How does this help?

A. Get's the debt off my books, frees up my cash flow.
B. Get's the debt off the banks books, frees up reserves for lending.
C. With improved cash flow, I can take a lower paying job and more or less have the same standard of living I used to have, and actually start to buy things again, making the economy stronger.
D. This approach has a 100% zero current cost on the US Taxpayer - no addition to the current US debt.

Do something for the average American guy... Give us an opportunity to retire our own debt and get on our feet again...!

Germano

April 1, 2009 07:19 PM

Bryan,
thanks for sharing your experience and your emotions. Good luck, remain strong and keep working on this. As far as this crisis will go, sooner or later, the economy will turn for the better and we will benefit of what we deserve. Thanks bro, keep fighting.

Frank

April 1, 2009 07:35 PM

Hi Bryan,

You write very well and good communication skills are valuable.

I think you might consider moving away from being a generalist who will do anything to a specialist who can unquely solve a specific need. You might consider spending some time each day working on that specialty, such as learning about technology in alternative fuels or some such hot area.

Just an idea. Hang in there.

Best regards,

Frank

paul

April 1, 2009 08:04 PM

nice blog. I am in the same boat as you. I came from India to US in jan 2006 and Joinned the MBA program at Wichita State University. Mid way through I realised that there was no jobs on completeion. My wife came with me to US at the same time doing a Bachelors in Business administration. Hell no jobs not even calls. all she gets is temp agencies calling for short periods of time.
I landed a job as a Project Engineer in Innovative Technical Solutions Inc. But that was a nightmare. they tortured me for the entire period I worked there.
One I am glad to get away from that company. but I dont have a job now. it is frustrating.
I hope the economy changes I have accumalated enormous amount debt to pay for the tutions.
And the other major concern is that she came on an F1 visa and is on OPT. and if no job we are doomed. We have a business back home for 3 years that was earning us great returns. I had a construction company and was doing great. Come here eat my money on tutions and no Jobs.

We need to do something to improve the situation.

sachmok

April 1, 2009 08:47 PM

Hi all,

I was an MBA student in the early 80's and back then the job market was just as bad. After graduating from a big ten school in 1982, I wrote more than 200 applications and received all rejections. Luckily, I was also working on Plan B. I enrolled shortly into a Ph.D. program. Today, I make a living as a professor.

So my advice to you is to have a plan b, c, and d. May be this is good time to seek opportunities in a foreign country, travel (if you can afford to), get a Ph.D. etc.

The jobs will come back. By the late 80's and 90's, MBA had their pick of jobs.

N.B. Very thoughful insights and comments.

Andres, New York

April 1, 2009 08:54 PM

Completely agree on San Diego's conservative way of hiring and doing business. Below is the virus which has lived in San Diego for quite some time, and is the reason I left San Diego to New York. Once you hit the same ol way of thinking in that same area, its time to move out and move on and get an improved and enriching career experience.

Comment from reader (Agree!!)
" My experience (and other affected people) with corporate organizations in San Diego (Intuit, Qualcomm, Sony, LG) was they hire less expensive/ less qualified/ less educated folks and shun the more experienced, more educated and more open ended professionals. Unless you have a very specific skill set they're seeking! "

Although, the real issue is to satisfy Wall Street (The end justifies the means?). This just happended a few days ago at an "un-named company" which let go 100 F/T employess and about 100 contractors... Reason behind it.. Get the stock up to satisfy Wall Street expectations. Maybe what needs to change in this business arena is Wall Street's expectations or the Wall Street criteria has to change, instead, of the narrow-minded 'Get the stock up'(Meaning: GREED).

Good luck on your job search, and keep truckin'. Moving out of the area can always be a blessing and a jumpstart to your career.

Claudia Sampson

April 1, 2009 09:50 PM

Brian,

First, let me applaud you for sharing your experience searching for a job in this once of the most challenging economic climate. As a career coach who has worked with hundreds of MBAs over 15 years, I would like to first tell you the good news: there are jobs out there; the bad news is, it's usually found in what we call the "hidden" job market. That being said, I have seen people get hired for jobs that were never advertised on any of the job board like Monster and job search engines like Indeed.com. In fact, by the time get posted online, they've been picked over by people inside of companies who in turn post them to the general public. So, I would urge you first figure out what your "ideal job" is and come up with a branding or personal statement that people who upon meeting you for the first time will find memorable to differentiate you from everyone else they meet, and ask people inside of companies to get your resume into the hands of the hiring manager. Speaking of which, networking can work against you unless you have a compelling brand. Too may people think that adding more people to their LinkedIn, Facebook, and Twitter pages will lead to a job. Unless you know how to use the new social media tools to your advantage, your efforts will be wasted. Read "You're on LinkedIn, Now What?" by Jason Alba, founder of JibberJobber. Here's a tip: add your name to your LinkedIn url by going to your Account & Settings, and deleting those numbers at the end of the string replacing it with your name. This way, you will show up on Google at the top fo the search results when someone types your name in the search field. Don't forget to ask your contacts for endorsements since recruiters and employers look at these when deciding whether to meet and interview you. I am a big proponent of branding. Be bold! Show who you are so that you can connect with whomever you meet. Your brand should answer these questions: What do you do? Why should I care? What's in it for me? Also, take the "I" out and replace it with "You" statements. This wil make more people want to connect with you. Finally, your brand is comprised of many layers such as: your presentation statement, your resume, your online presence, business cards. You should even include your brand as a tag line in your signature blick on every email you send. Keep up the good work you're doing, and don't forget to ask for what you want. The universe will respond at the most unexpected times. Good luck on your job search.

Ali

April 1, 2009 09:54 PM

Hi Brian,
Fantastic Article,
I am in my last sem of my MBA and situation is not good in Australia too.
Good luck

Brenda Marshall

April 2, 2009 12:44 AM

Bryan,
I just retired from working at the unemployment office in Virginia. I was a career counselor and workforce development professional.
You are a very good writer, but I'd like to know what kind of job(s) you are searching to find?
I have some thoughts and ideas to share with you if you want to email me.
Otherwise, I wish you well with your
job search.

David Robinson

April 2, 2009 09:09 AM

Bryan, Your article is thoughtful and painful. I went through the same post-MBA with no job when I graduated in the 1991 recession. I particularly related to the waves of up and down emotion; fortunately a kindly prof. warned me of that. You need a good support system to smooth over the lumps.

Several comments suggest a more targeted approach; I'll join them in part. Your daily blitz ("all Federal jobs") is just how I did it--you get burned out on one idea and need to trey something else. However, (I'm sure you've done this) write out three bullet points of "reason to buy". What to you bring to the table--those can be more specific, then you move to the "in the general management environment."

Lastly, as you've observed with your waitress friend, pick up a grunt job while you are waiting; that is, don't accept a pseudo-management job that as you say won't pay the bills, but lifeguard 12 hours a week, etc. Keeps you sane, helps on the bills and makes you look less desperate when employers call.

Dave Robinson, UC Berkeley Haas School

Recent MBA Grad

April 2, 2009 12:29 PM

Bryan, when I read your article, I thought I was reading a bio of myself. I am also 35, recent MBA grad student, and unemployed. I've been in Wall St. firms for the past 15 years and this last one let me go after 3 rounds of paycuts and stopped subsidizing my tuition reimbursement payments. I used to get depressed as potential employers gave me ridiculous low ball salary offers but I remind myself that it's not my fault and it's not theirs either, this is what the market is currently paying. Though my piggy bank is starting to look anorexic to the point where it's needs a defibrullator, I'm holding out as long as I can because I worked too hard going to school at night while maintaining a full time job to take an offer at a BBA salary level. There is no loyalty in Wall St. firms because I've seen friends and colleagues, who have 10+ years of seniority, let go recently in the past 6 months. Good luck in your job search and trust me, you are not alone.

More Help

April 2, 2009 12:54 PM

I totally agree with "Some Help". You need to be more focused in what you want to do and build your resume as strong as possible in that area. Employers are looking for depth these days. I personally know students who are graduating this May that are landing jobs. The key word here is "depth". Also you might want to take a second look at your resume to ensure it is "recession proof" and review how you approach the interview- interviewing in this economy is different from wthat it was just 6 months ago. Again "recession proof" your interview. Good Luck

AL Cross

April 2, 2009 04:22 PM

We are so much alike in our stories it is very scary. I received my MBA in Business Operations in 2007 had worked my fingers to the bone once I got into a good company then in the first quarter of 2008 I was laid off with the early crowd.
Lucky I completed enough Six Sigma Projects that I was able to achieve my Master Black Belt but with a lot of business experience and know how along with Professional Certifications (Project Management and Six Sigma) I had to settle for "My survival job" as I call it as a substitute instructor/teacher at an embarrassing wage, which is maybe one day a week at best but it keeps me from going to crazy.

Semper Fi Bryan Better days will come.

Alvin E Cross

Email: across@cross-solutions.net

Bryan Glover

April 2, 2009 07:05 PM

Hi everyone,

Thank you all so much for the feedback. I wanted to let everyone know that this was just the 1st in a series of entries and that each entry is far from comprehensive in terms of who I am and what I think/feel, so please don't rush to judge quite yet. We all won't always agree as to the best way to approach things in terms of the job hunt and career paths, but I do enjoy lively discussion and am open to feedback. For those who commented on my career goals/ambitions, my next blog is going in detail about this. I think this will spark heated comments on both sides and look forward to seeing what everyone has to say.

Lastly, keep in mind there is a word limit to these blogs entries, so in my opinion, I had to cut out some important parts of my 1st entry to get under that limit. I felt like I was rushing all of you through my story and look forward to getting to spend more time on each section over the next weeks.

Again, thank you all for taking the time to read and respond and please keep checking back for future entries.

Bryan

sandeep

April 3, 2009 07:19 AM

bryan. great blog!! good luck with the job hunt.

MBA Too

April 3, 2009 12:14 PM

Bryan, great blog. I'm an MBA too and very experienced in a specific function but I'm having a really hard time finding a job---after looking for 10 months! Reading the posts though, it almost seems my fellow MBA's have a sense of entitlement. Come on folks. We all have, literally, the same degree. I read somewhere about 150,000 MBAs are given in the US every year. Some MBAs have little to no experience. Some (like me) have extensive experience. Either way, it's a very tough job market and all of us need to get away from the "because I have my MBA" attitude and focus on the value we can bring to a company. I've focused on this and STILL struggling to get a good job---with my MBA AND solid experience. Keep the faith Bryan and I hope both of us will land something very soon!

Ingo

April 3, 2009 01:49 PM

Hi Bryan,

Thanks for sharing... It helped me through the day I have to admit. Just today, I received another 5 rejections.

I am German and graduated from Krannert School of Management, Purdue University in July last year and could share many similar experiences (e.g. being rejected because of a hiring freeze twice already, after having received an informal offer).

Anyhow, what else is in there for us besides staying positive? I am convinced that we also are having the right in being picky, because we certainly would add value to a company and it should pay off for both sides.

This is and will stay the classic win-win scenario.

Cheerio,
Ingo

cloudjobs001

September 21, 2009 10:10 AM

Thank you for your perspective and willingness to put yourself out there in order to help individuals in situations similar to yours feel less isolated. Things will get better, but it will take time and I do feel that MBAs are being unfairly blamed for what's going on right now. I know a good site who help the job seekers and the job providers. they are specialized in matching the applicants and the recruiters.

http://cloudjobs.net

Babette

October 2, 2009 08:38 AM

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January 28, 2010 05:38 AM

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