Problem: Please answer a question about the following article about Financial crisis of 2007%E2%80%9308:
European regulators introduced Basel III regulations for banks. It increased capital ratios, limits on leverage, narrow definition of capital (to exclude subordinated debt), limit counter-party risk, and new liquidity requirements. Critics argue that Basel III doesn’t address the problem of faulty risk-weightings. Major banks suffered losses from AAA-rated created by financial engineering (which creates apparently risk-free assets out of high risk collateral) that required less capital according to Basel II. Lending to AA-rated sovereigns has a risk-weight of zero, thus increasing lending to governments and leading to the next crisis. Johan Norberg argues that regulations (Basel III among others) have indeed led to excessive lending to risky governments (see European sovereign-debt crisis) and the ECB pursues even more lending as the solution.
What term describes creating risk-free assets out of high risk collateral?
A: financial engineering
Problem: Please answer a question about the following article about Spectre (2015 film):
As of 21 February 2016[update] Spectre has grossed $879.3 million worldwide; $138.1 million of the takings have been generated from the UK market and $199.8 million from North America.
How much revenue did Spectre produce from the British, Scottish, and Irish market by 2/21/2016?
A: $138.1 million
Problem: Please answer a question about the following article about Napoleon:
Napoleon was born in Corsica to a relatively modest family of noble Tuscan ancestry. Napoleon supported the French Revolution from the outset in 1789 while serving in the French army, and he tried to spread its ideals to Corsica but was banished from the island in 1793. Two years later, he saved the French government from collapse by firing on the Parisian mobs with cannons. The Directory rewarded Napoleon by giving him command of the Army of Italy at age 26, when he began his first military campaign against the Austrians and their Italian allies, scoring a series of decisive victories that made him famous all across Europe. He followed the defeat of the Allies in Europe by commanding a military expedition to Egypt in 1798, invading and occupying the Ottoman province after defeating the Mamelukes and launching modern Egyptology through the discoveries made by his army.
Where did Napoleon lead his troops in 1798?
A: Egypt
Problem: Please answer a question about the following article about Insect:
The life cycles of insects vary but most hatch from eggs. Insect growth is constrained by the inelastic exoskeleton and development involves a series of molts. The immature stages can differ from the adults in structure, habit and habitat, and can include a passive pupal stage in those groups that undergo 4-stage metamorphosis (see holometabolism). Insects that undergo 3-stage metamorphosis lack a pupal stage and adults develop through a series of nymphal stages. The higher level relationship of the Hexapoda is unclear. Fossilized insects of enormous size have been found from the Paleozoic Era, including giant dragonflies with wingspans of 55 to 70 cm (22–28 in). The most diverse insect groups appear to have coevolved with flowering plants.
The most diverse insects coevolved with what?
A:
flowering plants