QUES: The so-called "Sack of Palermo" is one of the major visible faces of the problem. The term is used to indicate the speculative building practices that have filled the city with poor buildings. The reduced importance of agriculture in the Sicilian economy has led to a massive migration to the cities, especially Palermo, which swelled in size, leading to rapid expansion towards the north. The regulatory plans for expansion was largely ignored in the boom. New parts of town appeared almost out of nowhere, but without parks, schools, public buildings, proper roads and the other amenities that characterise a modern city.

What caused Palermo to expand to the south?
What is the answer?
ANS: unanswerable
QUES: An influential school of phonology in the interwar period was the Prague school. One of its leading members was Prince Nikolai Trubetzkoy, whose Grundzüge der Phonologie (Principles of Phonology), published posthumously in 1939, is among the most important works in the field from this period. Directly influenced by Baudouin de Courtenay, Trubetzkoy is considered the founder of morphophonology, although this concept had also been recognized by de Courtenay. Trubetzkoy also developed the concept of the archiphoneme. Another important figure in the Prague school was Roman Jakobson, who was one of the most prominent linguists of the 20th century.

What was Trubetzkoy's title?
What is the answer?
ANS: Prince
QUES: CDO issuance grew from an estimated $20 billion in Q1 2004 to its peak of over $180 billion by Q1 2007, then declined back under $20 billion by Q1 2008. Further, the credit quality of CDO's declined from 2000 to 2007, as the level of subprime and other non-prime mortgage debt increased from 5% to 36% of CDO assets. As described in the section on subprime lending, the CDS and portfolio of CDS called synthetic CDO enabled a theoretically infinite amount to be wagered on the finite value of housing loans outstanding, provided that buyers and sellers of the derivatives could be found. For example, buying a CDS to insure a CDO ended up giving the seller the same risk as if they owned the CDO, when those CDO's became worthless.

What was the estimated value of CDO issuance in Q1 2008?
What is the answer?
ANS:
under $20 billion