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It is classified as a Beta World City, ranking seventh in Latin America and 73rd in the world. Described as a "vibrant, eclectic place with a rich cultural life", and "a thriving tech center and entrepreneurial culture", Montevideo ranks 8th in Latin America on the 2013 MasterCard Global Destination Cities Index. By 2014, is also regarded as the fifth most gay-friendly major city in the world, first in Latin America. It is the hub of commerce and higher education in Uruguay as well as its chief port. The city is also the financial and cultural hub of a larger metropolitan area, with a population of around 2 million.

Montevideo is the hub of commerce and higher education in what area?
Answer: Uruguay
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Hume maintained that all knowledge, even the most basic beliefs about the natural world, cannot be conclusively established by reason. Rather, he maintained, our beliefs are more a result of accumulated habits, developed in response to accumulated sense experiences. Among his many arguments Hume also added another important slant to the debate about scientific method — that of the problem of induction. Hume argued that it requires inductive reasoning to arrive at the premises for the principle of inductive reasoning, and therefore the justification for inductive reasoning is a circular argument. Among Hume's conclusions regarding the problem of induction is that there is no certainty that the future will resemble the past. Thus, as a simple instance posed by Hume, we cannot know with certainty by inductive reasoning that the sun will continue to rise in the East, but instead come to expect it to do so because it has repeatedly done so in the past.

What did Hume think is a circular argument?
Answer: the justification for inductive reasoning
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The ECB's first supplementary longer-term refinancing operation (LTRO) with a six-month maturity was announced March 2008. Previously the longest tender offered was three months. It announced two 3-month and one 6-month full allotment of Long Term Refinancing Operations (LTROs). The first tender was settled 3 April, and was more than four times oversubscribed. The €25 billion auction drew bids amounting to €103.1 billion, from 177 banks. Another six-month tender was allotted on 9 July, again to the amount of €25 billion. The first 12-month LTRO in June 2009 had close to 1100 bidders.

What is an LTRO?
Answer:
longer-term refinancing operation