Context and question: Another example relates to AIG, which insured obligations of various financial institutions through the usage of credit default swaps. The basic CDS transaction involved AIG receiving a premium in exchange for a promise to pay money to party A in the event party B defaulted. However, AIG did not have the financial strength to support its many CDS commitments as the crisis progressed and was taken over by the government in September 2008. U.S. taxpayers provided over $180 billion in government support to AIG during 2008 and early 2009, through which the money flowed to various counterparties to CDS transactions, including many large global financial institutions.
What does the abbreviation CDS stand for?
Answer: credit default swaps
Context and question: The 1910 election saw 42 Labour MPs elected to the House of Commons, a significant victory since, a year before the election, the House of Lords had passed the Osborne judgment ruling that Trades Unions in the United Kingdom could no longer donate money to fund the election campaigns and wages of Labour MPs. The governing Liberals were unwilling to repeal this judicial decision with primary legislation. The height of Liberal compromise was to introduce a wage for Members of Parliament to remove the need to involve the Trade Unions. By 1913, faced with the opposition of the largest Trades Unions, the Liberal government passed the Trade Disputes Act to allow Trade Unions to fund Labour MPs once more.
When was the Trade Disputes Act passed?
Answer: 1913
Context and question: The number of entrants has increased greatly in recent years. In the 200405 season, 660 clubs entered the competition, beating the long-standing record of 656 from the 192122 season. In 200506 this increased to 674 entrants, in 200607 to 687, in 200708 to 731 clubs, and for the 200809 and 200910 competitions it reached 762. The number has varied slightly but remained roughly stable since then, with 759 clubs participating in 201011, a record 763 in 201112, 758 for 201213, 737 for 201314 and 736 for 201415. By comparison, the other major English domestic cup, the League Cup, involves only the 92 members of the Premier League and Football League.
How many clubs entered in 2006-07?
Answer:
687