Detailed electronic properties of cluster models of superconducting cuprates have been determined by ab initio quantum chemistry. All near-degeneracy effects are included explicitly in the wave function description. A semi-quantitative understanding of a low-dispersive ‘oxygen metal\u27 band, attenuated by lattice vibrations, and coupled to an antiferromagnetic background in the case of the high-Tc SC materials, is generalized to also include colossal magneto-resistance in the manganites
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