Problem: Please answer a question about the following article about Melbourne:
The city is home to many professional franchises/teams in national competitions including: cricket clubs Melbourne Stars, Melbourne Renegades and Victorian Bushrangers, which play in the Big Bash League and other domestic cricket competitions; soccer clubs Melbourne Victory and Melbourne City FC (known until June 2014 as Melbourne Heart), which play in the A-League competition, both teams play their home games at AAMI Park, with the Victory also playing home games at Etihad Stadium. Rugby league club Melbourne Storm which plays in the NRL competition; rugby union clubs Melbourne Rebels and Melbourne Rising, which play in the Super Rugby and National Rugby Championship competitions respectively; netball club Melbourne Vixens, which plays in the trans-Tasman trophy ANZ Championship; basketball club Melbourne United, which plays in the NBL competition; Bulleen Boomers and Dandenong Rangers, which play in the WNBL; ice hockey teams Melbourne Ice and Melbourne Mustangs, who play in the Australian Ice Hockey League; and baseball club Melbourne Aces, which plays in the Australian Baseball League. Rowing is also a large part of Melbourne's sporting identity, with a number of clubs located on the Yarra River, out of which many Australian Olympians trained. The city previously held the nation's premier long distance swimming event the annual Race to Prince's Bridge, in the Yarra River.
When did Melbourne Heart become known as Melbourne City FC?
A: June 2014
Problem: Please answer a question about the following article about John von Neumann:
Additionally, "[I]n the general case, von Neumann proved the following basic representation theorem. Any complemented modular lattice L having a "basis" of n4 pairwise perspective elements, is isomorphic with the lattice (R) of all principal right-ideals of a suitable regular ring R. This conclusion is the culmination of 140 pages of brilliant and incisive algebra involving entirely novel axioms. Anyone wishing to get an unforgettable impression of the razor edge of von Neumann's mind, need merely try to pursue this chain of exact reasoning for himselfrealizing that often five pages of it were written down before breakfast, seated at a living room writing-table in a bathrobe."
What type of axioms were used by von Neumann in his lattice work?
A: novel axioms
Problem: Please answer a question about the following article about Financial crisis of 2007%E2%80%9308:
Predatory lending refers to the practice of unscrupulous lenders, enticing borrowers to enter into "unsafe" or "unsound" secured loans for inappropriate purposes. A classic bait-and-switch method was used by Countrywide Financial, advertising low interest rates for home refinancing. Such loans were written into extensively detailed contracts, and swapped for more expensive loan products on the day of closing. Whereas the advertisement might state that 1% or 1.5% interest would be charged, the consumer would be put into an adjustable rate mortgage (ARM) in which the interest charged would be greater than the amount of interest paid. This created negative amortization, which the credit consumer might not notice until long after the loan transaction had been consummated.
What type predatory lending method did Countrywide Financial use?
A: classic bait-and-switch
Problem: Please answer a question about the following article about Financial crisis of 2007%E2%80%9308:
Behavior that may be optimal for an individual (e.g., saving more during adverse economic conditions) can be detrimental if too many individuals pursue the same behavior, as ultimately one person's consumption is another person's income. Too many consumers attempting to save (or pay down debt) simultaneously is called the paradox of thrift and can cause or deepen a recession. Economist Hyman Minsky also described a "paradox of deleveraging" as financial institutions that have too much leverage (debt relative to equity) cannot all de-leverage simultaneously without significant declines in the value of their assets.
What is it called when too many consumers attempt to save or pay down debt at the same time?
A:
paradox of thrift