Problem: Despite the dominance of the above formula, there are documented attempts of the financial industry, occurring before the crisis, to address the formula limitations, specifically the lack of dependence dynamics and the poor representation of extreme events. The volume "Credit Correlation: Life After Copulas", published in 2007 by World Scientific, summarizes a 2006 conference held by Merrill Lynch in London where several practitioners attempted to propose models rectifying some of the copula limitations. See also the article by Donnelly and Embrechts and the book by Brigo, Pallavicini and Torresetti, that reports relevant warnings and research on CDOs appeared in 2006.
What year did the book by Brigo, Pallavicini and Torresetti report warnings and research on CDOs?
The answer is the following: 2006

Problem: Hayek displayed an intellectual and academic bent from a very young age. He read fluently and frequently before going to school. At his father's suggestion, Hayek, as a teenager, read the genetic and evolutionary works of Hugo de Vries and the philosophical works of Ludwig Feuerbach. In school Hayek was much taken by one instructor's lectures on Aristotle's ethics. In his unpublished autobiographical notes, Hayek recalled a division between him and his younger brothers who were only few years younger than him, but he believed that they were somehow of a different generation. He preferred to associate with adults.
Who told Hayek he should begin reading Hugo de Vries works?
The answer is the following: his father

Problem: Namibia follows a largely independent foreign policy, with persisting affiliations with states that aided the independence struggle, including Cuba. With a small army and a fragile economy, the Namibian Government's principal foreign policy concern is developing strengthened ties within the Southern African region. A dynamic member of the Southern African Development Community, Namibia is a vocal advocate for greater regional integration. Namibia became the 160th member of the UN on 23 April 1990. On its independence it became the fiftieth member of the Commonwealth of Nations.
What ties does Namibia want to strengthen?
The answer is the following: Southern African

Problem: The Embargo Act of 1807, adopted during the Napoleonic Wars, and the War of 1812 significantly curtailed Boston's harbor activity. Although foreign trade returned after these hostilities, Boston's merchants had found alternatives for their capital investments in the interim. Manufacturing became an important component of the city's economy, and by the mid-19th century, the city's industrial manufacturing overtook international trade in economic importance. Until the early 20th century, Boston remained one of the nation's largest manufacturing centers and was notable for its garment production and leather-goods industries. A network of small rivers bordering the city and connecting it to the surrounding region facilitated shipment of goods and led to a proliferation of mills and factories. Later, a dense network of railroads furthered the region's industry and commerce.
In what century was manufacturing more important to Boston than trade?
The answer is the following:
19th century