MPI_PQ_2015_ISSUE5

MPI_PQ_2015_ISSUE5
Contents
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MPI_PQ_2015_ISSUE5

  • 2. Contents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
  • 3. PQ 2!"#$%&'($ 2014 PROPERTY GUIDELINES:! ! "#$%&'(%$) "#$%&'!#(!**+,!- !"#$%&'()*#$+,*)
  •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
  •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
  •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`#!#&),!&6!80$*=(/4_! '4I!VA'"&-#13!,0(3!/&*`,!6((1!8&+6&),$A1(4!Z0(!80$*=(#!8$+(!$11!&6!$! #-//(*!?",0&-,!.)"&)!*&,"8(4!2$*3!X$.$*(#(!$*/!&,0()!6&)("=*()#!6((1! ,0(!#$+(C!,0(3!$)(!A-3"*=!2$1$3#"$*!.)&.(),3!(",0()!$#!$!#(8&*/!0&+(! &)!6&)!"*'(#,+(*,!.-).&#(#4!W&:!,0(3!/&*`,!)($113!*((/!(>.(*#"'(!.)&.7 (),"(#!-*1(##!,0(3!$)(!$!A"=!,"+(!"*'(#,&)4! Z0(!8&+6&),$A1(!)$*=(!&6!.)&.(),3!.)"8(#!6&)!6&)("=*()#!$*/!X$.$*(#(! "*'(#,&)#!"#!A(,?((*!P2QII:III!,&!P2YII:III4!W&!?0$,!<!8$*!#$3!"#:! $6,()!,0(!$**&-*8(+(*,!&6!,0(!P2N!+"11"&*!)-1"*=:!,0(!+$)@(,!0$#!=&*(! /&?*!A3!HI!,&!YIa4 !HI!K&4!R&+(!&?*()#0".!"#!"*!,0(!A1&&/!&6!,0(!.(&.1(4!5!1&,!&6!,0(+! ?&-1/!#(11!&-,!,0(")!&1/!0&+(#:!$*/!,0(3!.1$*!,&!B-#,!#.(*/!,0(")!1"'(#! 0()(!$*/!+$@(!",!,0(")!0&+(4! b0$,!#&+(!?&-1/!/&!"#!,0(3!?"11!1&&@!$)&-*/!6&)!$!.1$8(!,&!A-34!<6!,0(3! 6&-*/!,0$,!;(*$*=!0$#!$!A(,,()!/($1:!,0(3!?&-1/!=&!,0()(4!<6!$11!,0(! #,$,(#!&66()(/!(9-$1!,)($,+(*,!,&!22MR!.)&.(),3!A-3()#:!,0(3!+"=0,! 8&*#"/()!1"'"*=!"*!c-$1$!-+.-)!$#!,0(")!6")#,!80&"8(4 R&?('():!2)!<#0"0$)$!0$#!$!#1"=0,13!/"66()(*,!'"(?!&*!,0(!+$,,()4 '4I!VA'"&-#13!,0(3!/&*`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
  •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dYdYQeI4*(, !"#$%&'($
  • 8. PQ 7 ()*+,-'"+."/".0! ()%,!)/'%')1! !"#"$%&'$&()*+,-. Z0(!S-,80!0$'(!$1?$3#!0$/!$!81&#(!)(1$7 ,"&*#0".! ?",0! ?$,()4! b",0! +&)(! ,0$*! $! 9-$),()!&6!",#!$)($!A(1&?!#($!1('(1:!$!'$#,! *$'$1!0"#,&)3!$*/!$*!"+.)(##"'(!#3#,(+!&6! ?$,()! 8$*$1#:! ,0(! K(,0()1$*/#! "*81-/(#! ?$,()!"*!+$*3!&6!",#!"**&'$,"'(!.1$*#4!P($1! (#,$,(! "#*`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f#!1$)=(#,!.&),:!?",0!,0(!.&.-1$,"&*! &6! &'()! HII:III! $*/:! "#! @*&?*! $#! ,0(! #(8&*/! 8",3! "*! ,0(! K(,0()1$*/#4! P&,,()7 /$+!"#!$!+&/()*!8",3:!?0"80!8$.",$1"#(#!&*! "**&'$,"'(! #&1-,"&*#! ,&! ,$8@1(! 81"+$,(! 80$*=(:! (#.(8"$113! )(1$,(/! ,&! 61&&/"*=4! <**&'$,"&*!$*/!(8&1&=3!A)&-=0,!,0(!)"#(! &6!=)((*!)&&6#!$*/!*&?!1"'"*=7&*7?$,()!"#! ,0(!*(?!,)(*/!"*!A-#,1"*=!P&,,()/$+4 D1&$,"*=!0&+(#:!<XA-)=!5+#,()/$+4! ;0&,&!8)(/",#E!$)80","g()48&+! !"#GB&H.#A*)#%(,#I(,7
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  • 12. PQ 11 V*! ,0(! &,0()! 0$*/:! ",! "#! "+.&),$*,! ,0$,! ,0(! )(#"/(*,#! 8$*! +&&)! $! A&$,! ,&! ,0(")! 6)&*,!/&&)#,(.4!b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fA&>f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l
  • 13. PQ 12 8X6*=,-L-3+&0F&*=X=/+&/23)-*2/, 2$1$3#"$!0$#!1&*=!)(8&=*"#(/!,0(! "+.&),$*8(!&6!,0(!)(,$"1!#(8,&)!"*! 0(1."*=! ,&! /)"'(! ,0(! 8&-*,)3`#! ,&-)"#+! =)&?,04! <*! 2$1$3#"$:! ,0(! )(,$"1!#(8,&)!"#!"*/((/!$!1-8)$,"'(! 8&+.&*(*,! &6! 2$1$3#"$`#! ,&-)"#+! "*/-#,)3! $*/! ",! 6&)+#! ,0(! M*/! 0"=0(#,!8&*,)"A-,"&*!,&!,0(!,&-)"#,! (>.(*/",-)(! $6,()! ,0(! $88&++&7 /$,"&*! #(8,&)! 6&)! ('()3! 8&*#(8-7 ,"'(!3($)4! $#,!3($):!/(#.",(!#('()$1!-*6&),-7 *$,(! ('(*,#:! ,0(! 8&-*,)3! 8&*,"*7 -(#!,&!#((!*(?!)(8&)/#!A("*=!#(,:! ?",0! ,&-)"#+! $))"'$1#! =)&?"*=! ,&! MY4O!+"11"&*!$*/!,&-)"#+!)(8(".,#! $,!P2YM!A"11"&*:!?0()(!($80!,&-)7 "#,! #.(*,! $..)&>"+$,(13! P2YeY! 8&+.$)(/!?",0!P2YH[!"*!MINd4! Z&!$80"('(!",#!'"#"&*!&6!2$1$3#"$!$#! $*! "*,()*$,"&*$1! #0&.."*=! /(#,"7 *$,"&*! A3! MIMI! ?",0! dH! +"11"&*! ,&-)"#,#! $*/! )(8(".,#! $,! P2NHe! A"11"&*:! ,0(! W0&.."*=! 2$1$3#"$! W(8)(,$)"$,! ?$#! 6&)+(/! "*! MIIM! -*/()!,0(!$+A",!&6!Z&-)"#+!2$1$37 #"$! ,&! 0(1.! A&&#,! $*/! (*,"8(! ,0(! ,&-)"#,!$))"'$1#!"*,&!2$1$3#"$4! ;0&,&!8)(/",#E!1"*@(/"*48&+ !"#$%&'(')*+,-+.%"%/*+01)2'$1/& !"#J9,9'#$%(#/9,"*)&(
  • 14. PQ 13 2$1$3#"$! 0$#! #-88(##6-113! =$"*(/! '$)"&-#! "*,()*$,"&*$1! )(8&=*","&*#! 6&)! ,?&! 8&*7 #(8-,"'(!3($)#!]MINM7MINd^4!c-$1$!-+.-)! ?$#!$8@*&?1(/=(/!A3!TKK!Z)$'(1!$#!,0(! O,0!L(#,!W0&.."*=!T",3!"*!,0(!b&)1/:!$6,()! K(?! m&)@:! Z&@3&! $*/! &*/&*! $#! ?(11! $#! ,0(! A(#,! #0&.."*=! /(#,"*$,"&*! "*! W&-,07 ($#,!5#"$!$#!,0(!8",3!?$#!$0($/!&6!R&*=! c&*=:!W"*=$.&)(!$*/!L$*=@&@4 ! Z0(! )($1! #.(*/"*=! .&?()! "*! 2$1$3#"$! 8&+(#!6)&+!,0(!6$A-1&-#13!?($1,03!,"()!&6! A"11"&*$")(#! $*/! #(167+$/(! +"11"&*$")(! +&=-1#:!$*!"*61-(*,"$1!81$##!&6!&1/7+&*(3! (1",(#:!$*/!('()!+&)(:!6)&+!,0(!(*,)(.)(7 *(-)"$1!+"*/(/:!$+A","&-#!+"//1(!81$##(#4! &8$1#! )(6()! ,0(#(! $#! ,&! ;2UL#E! .)&6(#7 #"&*$1#:! +$*$=()#:! (>(8-,"'(#! $*/! A-#"7 *(##+(*4! c-$1$! -+.-)`#! 6$+&-#! #0&.7 ."*=!#,)((,#!0$'(!A(8&+(!$!0-A!6&)!)(,$"17 ()#! ,0$,! $)(! ,)$*#6&)+"*=! ,0(! ?$3! ,0(3! (*=$=(!?",0!8&*#-+()#!$*/!,0(#(!#,&)(#! "*8&).&)$,(! #&+(! &6! ,0(! +&#,! 8-,,"*=7 (/=(! /(#"=*#! $*/! ,(80*&1&="(#! "*! ,0(! ?&)1/4! D&)!,0(!.$#,!6(?!3($)#:!,0(!'$#,!+$B&)",3!&6! 1->-)3! A)$*/#! "*! 2$1$3#"$! ?()(! 6&-*/! "*! B-#,! $! 0$*/6-1! &6! +$11#! "*! c-$1$! -+.-)! *("=0A&-)0&&/:! L-@",! L"*,$*=:! ?0()(! ?($1,03!1&8$1#!$*/!,&-)"#,#!#0&..(/!-*/()! ,0(! 1&*=! #0$/&?! &6! ,0(! ;(,)&*$#! Z?"*! Z&?()#4! ->-)"&-#! A)$*/#! 1"@(! T0$*(1:! &-"#! h-",,&*! $*/! L-)A())3! &.(*(/! "++$8-1$,(! A&-,"9-(#! "*! W-)"$! cTT:! ;$'"1"&*!$*/!W,$)0"11!%$11()3!+$11#4! 2&)(! )(8(*,13:! 1->-)3! A)$*/#! $)(! 6"*/"*=! ,0(")!?$3!"*!#-A-)A$*!1&8$,"&*#4!L-)A())3! $*/!&-"#!h-",,&*!8$*!A(!6&-*/!#&+(!@"1&7 +(,)(#! $?$3! $,! ,0(! %$)/(*#:! 2"/! h$11(3! T",3!$*/!",!#0&?#!,0$,!,0()(!)($113!"#!=)&?,0! &6! #0&.."*=! ,&-)"#+! $+&*=! ,0(! ,&-)"#,! +$)@(,!('()!#"*8(!2$1$3#"$!"+.&#(/!/-,3! 6)((4 S(#.",(! ,0(! ?($@*(##! "*! )(,$"1! #$1(#! .&#,7%WZ:! ,0(! /('(1&.+(*,! &6! ,0(! )(,$"1!#(8,&)!"*!2$1$3#"$!8&*,"*-(#!$,!$! .0(*&+(*$1! .$8(! ! ?",0! $! 6&)$3! &6! 6$+"1"$)! "*,()*$,"&*$1! *$+(#! #-80! $#! %"&)="&!5)+$*":!;)$/$:!h$*!T1((6!$*/! #&! &*:! (*,()"*=! ,0(! 1&8$1! +$)@(,:! (*8&-)$=(/! A3! ,0(! #-88(##! &6! (>81-7 #"'(! *$+(#! *$+(13:! L-1=$)":! T$),"():! R()+(#:!&-"#!h-",,&*!$*/!&,0()!1->-)3! A)$*/#4 J0E&702,&)&G/)57&9)-53)-5&-3,&2X6*=Y ,-L-3+M& J#-$113! 0"=07(*/! A)$*/#! $)(! #-))&-*/(/! A3! ,0(! 1$,(#,! A&-,"9-(! 0&,(1#!-*/()!,0(!1->-)3!)(,$"1!+$11#!#-80! $#! ;$'"1"&*! c! $*/! W,$)0"11! %$11()3! "*! L-@",!L"*,$*=:!?0()(!Xb!2$))"&,!R&,(1! ?()(!A-"1,!,&!$,,)$8,!,&-)"#,!,&!#,$3!$*/! (*B&3!$!.1($#$*,!#0&),!?$1@"*=!/"#,$*8(! ,&!#0&.."*=!+$11#4! ->-)3! )(,$"1()#! $)(! $1#&! "*,)"=-(/! A3! ,0(! &,0()! $/'$*,$=(#! 1"@(! ,0(! $+A"7 $*8(! $*/! ,0(! 1&8$,"&*#! &*! ,0(! *("=07 A&-)0&&/! #,)((,#! 0$'(! ,&! &66()! "*! ,&/$3`#! )($1! (#,$,(! +$)@(,4! D&)! "*#,$*8(:! P-#0! W,)((,! "*! T0"8$=&! "#! 9-"8@13! (#,$A1"#0"*=! ",#(16! $#! $! 8&&1:! *(?! 1->-)3! #0&.."*=! /(#,"*$,"&*4! b0"1(!V$@!W,)((,!"#!$1)($/3!@*&?*!$#!$! 0"=07(*/! 0$'(*! 6($,-)"*=! 2&*,81$"):! h()$!b$*=!$*/!Z&)3!L-)80:!P-#0!W,)((,! "#! ?0()(! $11! ,0(! $8,"&*! $*/! .&,(*,"$1! 1"(#4! P(,$"1()#! $)(! #,$),"*=! ,&! ,$@(! $/'$*,$=(! &6! P-#0`#! .&,(*,"$1! *&?! $#! ,&.! A)$*/#! "*81-/"*=! W8&&.:! -1-7 1(+&*! $*/! Z(/! L$@()! &*/&*! 0$'(! &.(*(/!,0(")!#0&.#!,0()(4! J0E&70&F),K-05&K0=,2,&*-T2&"=/G2//+Q& Z=66-&)57&U0=-,&[=-3305&0FF2/&,092Y 3K-5:& F0/& G03K& 3K2& ),1-/)3-05)*& 6=,Y 3092/&),&E2**&),&3K2&K-:KY257&,K01Y 12/M&
  • 15. PQ 14 5*! (66(8,"'(! ?$3! "#! ,0)&-=0! $*! "*,(11"7 =(*,! A)"8@! $*/! +&),$)! #,)$,(=3! ,0$,! "*81-/(#! #(1(8,"'(! #,)$,(="8! 1&8$,"&*#! $*/! ,0(! .$"*#,$@"*=! $,,(*,"&*! ,&! ,0(! "*,()"&)!$)80",(8,-)(4!5#!X&*!T&.(#,$@(! #$3#! i8)($,"*=! 8&*#-+()! #0&.."*=! (>.()"(*8(#!$*/!8)($,"*=!,0"#!6((1"*=!&6! (>81-#"'",3!$)(!,0"*=#!,0$,!$11!)(,$"1!6")+#! ?"11! $#.")(! ,&j4! ->-)3! )(,$"1()#! +-#,! *&?! $"+! ,&! /(#"=*! +-1,"6-*8,"&*$1:! 8&*,)&11(/! #.$8(#! ,0$,! 8)($,(! A)$*/! (>.()"(*8(! $*/! 8&++-*"8$,(! A)$*/! A(1"(6#!$*/!,0"#!"#!?0()(!,0(!)($1!(#,$,(! #,)$,(=3!8&+(#!"*4!b0(,0()!"*!&*/&*:! K(?! m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m&)@:!;$)"#!$*/!2"1$*!0(1.#!8&*#-+()! ,&!(>.()"(*8(!,0(!,&-80!$*/!6((1!$*/!A(! .03#"8$113!(+A)$8(/!A3!,0(!-*"9-(!A($-,3! &6!$!A)$*/`#!*$+(4! Z0(!+-1,"!A)$*/(/!O!#,&)(3!1->-)3!.)&.(),3!1&8$,(/!&*! 6$#0"&*$A1(!U$#,!V$@!W,)((,:!T0"8$=&!"*!,0(!)(,$"1!/"#,)"8,! @*&?*!$#!,0(!%&1/!T&$#,4! &-"#!h-",,&*!"*!W,$)!R"11!%$11()3:!c:!2$1$3#"$4!
  • 16. PQ 15 ;0&,&!8)(/",#!,&!0,,.Enn???4"A.*-#$B$3$48&+4+3n @@(.I&()*)+,-)&%0& !662*2/)32&P2:-05)*& Z/0E3K (-3,=-&#=3*23&.)/TI& V-/,3&-5&'0=3K2),3& !,-) 2$1$3#"$!?"11!8&*,"*-(!,&!-*/(),$@(!(66&),#!,&!$88(1()$,(!"*'(#,+(*,:!.)&'"/(!"*6)$7 #,)-8,-)(:!$*/!)('"(?!)(="&*$1!8&))"/&)!/('(1&.+(*,!.1$*#!6&)!$!A(,,()!=(&=)$.0"8! A$1$*8(4! Z0"#! "#! ,&! 0(1.! )($1"#(! P2MdH! A"11"&*! ?&),0! &6! "*'(#,+(*,#! $*/! ,&! 8)($,(! OYI:III!B&A#!A3!MIMI4! Z0(! )(="&*$1! (8&*&+"8! 8&))"/&)#! ?&-1/! 8&*,"*-(! ,&! $##-+(! $*! "+.&),$*,! )&1(! "*! 2$1$3#"$f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c<5!"#!,0(!6")#,!&6!",#!@"*/!"*!W&-,0($#,!5#"$4! <,!?&-1/!8&+.)"#(!&6!NdI!#0&.#!A3!3($)7(*/!-*/()!,0(!6")#,!.0$#(!/('(1&.+(*,4!HI! $//","&*$1!#0&.!?&-1/!A(!$//(/!A3!MINe!$*/!$*!$//","&*$1!HI!A3!MIMN:!+$@"*=!$! ,&,$1!&6!MQI!#0&.#!A3!MIMN4!J.&*!8&+.1(,"&*!&6!.0$#(!d!A3!MIMN:!2",#-"!V-,1(,!;$)@! c<5!0$#!,0(!.&,(*,"$1!&6!A("*=!,0(!1$)=(#,!6$8,&)3!&-,1(,!#0&.."*=!+$11!"*!,0(!)(="&*4 L3!MIMI:!,0(!d7.0$#(/!P2ddQ!+"11"&*!.)&B(8,!0$#!$!.)&B(8,(/!8&*,)"A-,"&*!&6!P2MdQ! +"11"&*! ,&! ,0(! %)&##! S&+(#,"8! ;)&/-8,! ]%S;^! $*/! P2MMI! +"11"&*! ,&! ,0(! %)&##! K$,"&*$1! <*8&+(! ]%K<^4! Z0(! '(*,-)(! 0$#! A((*! =)$*,(/! U*,)3! ;&"*,! ;)&B(8,! #,$,-#! -*/()!,0(!U8&*&+"8!Z)$*#6&)+$,"&*!;)&=)$++(!]UZ;^:!K$,"&*$1!c(3!U8&*&+"8!5)($! ]KcU5^!6&)!,&-)"#+4 ! Newsflash
  • 17. PQ 16 Graphical Speaking 2$1$3#"$!P(,$"1!2$)@(,!V'()'"(? !!"# !#"$ %&"' %("! !#"& '") !!"! !!"# %)"% %*"+ !#") !#"! !!"'(#"&!!"$ !!"$(#"%!!"$ MINM MINI MINd MINN MINO NGMINQ I4I NI4I MI4I dI4I OI4I QI4I HI4I YI4I W-..13!&6!P(,$"1!W.$8(!"*! %)($,()!c-$1$!-+.-) W(1$*=&) c!T",3 c!W-A-)A# K(8*&'#/C*0(#3+&''&1)#.L#785 eI4Ia eQ4Ia [I4Ia [Q4Ia NII4Ia MINI MINN MINM MINd MINO GNMINQ 5'()$=(!V88-.$*83!P$,(# c!T",3 c!W-A-)A# W(1$*=&) %)($,()!c V88-.$*83!P$,(# NII NQI MII MQI dII MINI MINN MINM MINd MINO NGMINQ P(*,$1!<*/(> W0&.."*=!T(*,)(# 2"*!P(*,# 2$>!P(*,# 2($*!P(*,# W-)"$!cTT c!;$'"11"&* L$*=#$)!W0&.."*=!T(*,)( 2"/!h$11(3!2(=$+$11 N!J,$+$ W-*?$3!;3)$+"/ MI4II HM4II QI4II Ne4II dY4II MQ4II Oe4II NeI4II NNI4II OI4II QI4II OQ4II dO4II NMN4II eI4II M[4II Od4QI dQ4II Z&.!P(*,#!"*!%)($,()!c!$#!$,!!GN!MINQ! ]"*!P2!.#6!.()!+&*,0^ K&,(E!)(*,$1!"*/(>!8&+.-,(/!A$#(/!&*!NI!.)"+(!#0&.."*=!+$11# W&-)8(E!W$'"11#!P(#($)80