Article: The term financial innovation refers to the ongoing development of financial products designed to achieve particular client objectives, such as offsetting a particular risk exposure (such as the default of a borrower) or to assist with obtaining financing. Examples pertinent to this crisis included: the adjustable-rate mortgage; the bundling of subprime mortgages into mortgage-backed securities (MBS) or collateralized debt obligations (CDO) for sale to investors, a type of securitization; and a form of credit insurance called credit default swaps (CDS). The usage of these products expanded dramatically in the years leading up to the crisis. These products vary in complexity and the ease with which they can be valued on the books of financial institutions.

Question: What happened to the usage of financial innovation products in the years leading up the financial crisis?
Ans: expanded dramatically


Article: During the campaign for the United Kingdom general election, 2010, The Independent ran ads declaring that "Rupert Murdoch won't decide this election – you will." In response James Murdoch and Rebekah Wade "appeared unannounced and uninvited on the editorial floor" of the Independent, and had an energetic conversation with its editor Simon Kelner. Several days later the Independent reported The Sun's failure to report its own YouGov poll result which said that "if people thought Mr Clegg's party had a significant chance of winning the election" the Liberal Democrats would win 49% of the vote, and with it a landslide majority.

Question: Who showed up on the editorial floor of the Independent?
Ans: James Murdoch and Rebekah Wade


Article: By August, the KPA had pushed back the ROK Army and the Eighth United States Army to the vicinity of Pusan in southeast Korea. In their southward advance, the KPA purged the Republic of Korea's intelligentsia by killing civil servants and intellectuals. On 20 August, General MacArthur warned North Korean leader Kim Il-sung that he was responsible for the KPA's atrocities. By September, the UN Command controlled the Pusan perimeter, enclosing about 10% of Korea, in a line partially defined by the Nakdong River.

Question: How much of Korea was under the control of the United Nations?
Ans: 10%


Article: The preserved records of the Reichssicherheitshauptamt (the Reich Security Main Office) show the persecution of Freemasons during the Holocaust. RSHA Amt VII (Written Records) was overseen by Professor Franz Six and was responsible for "ideological" tasks, by which was meant the creation of antisemitic and anti-Masonic propaganda. While the number is not accurately known, it is estimated that between 80,000 and 200,000 Freemasons were killed under the Nazi regime. Masonic concentration camp inmates were graded as political prisoners and wore an inverted red triangle.

Question: How many Freemasons were killed under the Nazi regime?
Ans:
between 80,000 and 200,000