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The status of the present precision measurements of electroweak observables is reviewed with specific reference to the radiative parameters $S,T,U$ or equivalently $ε_1,ε_2,ε_3$. The significance of the obliqueness hypothesis is underlined and the importance of the ``local fit'' method of extracting these parameters from the data is emphasized. Possible new physics implications are briefly touched upon.
preprint / 1993