The Feeds module is reporting a warning about needing a SimplePie parser and prompts the user download a compiled version of it, but it isn't clear how/where to do this.
Where can I find the compiled version of the required library?
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You can pull a compiled version of the parse from http://simplepie.org/downloads/simplepie_1.3.1.compiled.php. Rename this file simplepie.compiled.php and copy it in the directory sites/all/libraries/simplepie/; the module should stop reporting the error.