The last few days before Christmas passed quickly and it was soon Christmas Eve. That night when everyone went to bed, Bunny couldn't sleep. He still couldn't think of what he wanted his special Christmas gift to be. He wondered how Santa Claus would know what to bring him if he didn't know himself. As he was sitting up in bed , Bunny heard a big noise on the roof and a sound downstairs. It was Santa Claus, he realized. Bunny jumped out of bed and raced down the hall to the stairs hoping to have a look at the old man with his own eyes. By the time Bunny reached the bottom of the stairs, though, everything was again silent .Beautiful gifts were piled under the Christmas tree, but Santa Claus was gone. He looked for him for a few minutes, but it was already too late. Bunny turned to climb back upstairs when he heard a cry. "Hello," said Bunny. "Is somebody there?" He was answered by another cry. Bunny looked around the big pile of gifts to see what was making the noise. Right under the tree was a funny looking brown animal with big feet and sad eyes. Bunny might have mistaken it for a dog, if it hadn't been for the antlers on its head. "Are you a reindeer?" asked Bunny. "Yes," replied the animal, "my name is Ralph." "And you were pulling Santa's sled ?" "I was until I got air-sick," replied Ralph," I'm afraid I wasn't _ the job. Now I'm stuck here and I don't know how to get back to the North Pole." "Well, if you like, you can stay with us as a friend," said Bunny. As he made the offer, Bunny suddenly realized the gift he wanted from Santa Claus was a new friend! What are the answers to this following set of questions: 1. What day is it?
2. Who could not get to sleep?
3. Did he believe in Santa?
4. Did he know what present he desired?
5. Was he lying in bed?
6. What did he hear?
7. Who was it?
8. Did he stay in bed?
9. Did he meet Santa?
10. How long did Bunny look for Santa?
11. Did he return to his bedroom?
12. Why not?
13. What was under the tree?
14. What was he called?
15. What was his job?
16. Does he still do that?
17. Why not?
18. Did Santa abandon him?
19. Where did he want to return?
20. What did Bunny suggest?
Answer: 1. Christmas Eve
2. Bunny
3. yes
4. no
5. no
6. noises on the roof and downstairs
7. Santa Claus
8. no
9. no
10. a few minutes
11. no
12. he heard a cry
13. a reindeer
14. Ralph
15. pulling Santa's sled
16. no
17. he got air-sick
18. yes
19. the North Pole
20. stay with him

Problem: Moreover, a conflict of interest between professional investment managers and their institutional clients, combined with a global glut in investment capital, led to bad investments by asset managers in over-priced credit assets. Professional investment managers generally are compensated based on the volume of client assets under management. There is, therefore, an incentive for asset managers to expand their assets under management in order to maximize their compensation. As the glut in global investment capital caused the yields on credit assets to decline, asset managers were faced with the choice of either investing in assets where returns did not reflect true credit risk or returning funds to clients. Many asset managers chose to continue to invest client funds in over-priced (under-yielding) investments, to the detriment of their clients, in order to maintain their assets under management. This choice was supported by a "plausible deniability" of the risks associated with subprime-based credit assets because the loss experience with early "vintages" of subprime loans was so low.
1. How are professional investment managers compensated?
2. what effect does this have?
3. did they feel pressure to grow the assets under their control?
4. who did they have a conflict of interest with?
5. what decision did they have to make when profits from credit assets went down?
6. which did many of them choose?
7. did this benefit their clientele?
8. what effect did too much global investment capital have?
9. was the danger with subprime mortgages considered high?
10. what could they have done instead of investing the client's money?
Answer: 1. on the volume of client assets under management
2. led to bad investments
3. yes
4. their clients
5. choice of either investing in assets where returns did not reflect true credit risk or returning funds to clients
6. to continue to invest client funds in over-priced investments
7. No
8. caused the yields on credit assets to decline
9. No
10. return funds to clients

question: My mother-in-law, Dorothy, is showing me the red notebook that's almost as precious to her as my husband's baby pictures. Inside the notebook is a list of the books she has read since 2007. For some people waking up in the middle of the night is a terrible thing. But for my mother-in-law, that time is a gift. At 87, she is getting the education she never had by working her way through great literature. She has now read close to 100 books, including every single novel by Anthony Trollope, Charles Dickens, Jane Austen, Edith Wharton, Henry James and Thomas Mann.

My mother-in-law discusses her passion with the enthusiasm of a young girl, although she can also be a very tough critic, writing "VG' for " very good" in the margins next to her favorites. So far, only a handful of books have received the top prize.

Born in Ridgefield, Conn, Dorothy was the youngest daughter of an Italian gardener. She taught herself English by reading The New York Times. Eager to come to Manhattan, she became a nurse, married a dentist and spent the next several decades keeping the house and raising a family. In her later years, she put her nursing skills to good use by taking care of my father-in-law, who had lung cancer. There were many trips to the emergency room in the middle of the night and then a long hospital stay. She stayed awake to watch over him for 15 hours a day. Always a light sleeper, she developed sleeplessness as a result of the stress.

It worsened after he died. Deeply sad and lonely for the first time in her life, she began waking up around 2am. Julian and Sylvia, the elderly couple next door suggest she read literature. And so Julian, a great lover of literature, became her "professor", providing books from his large library. Suddenly

turned onto a world of amazing characters.
1. Where was Dorothy born?
2. What did she read to learn English?
3. What was the profession of the man she wed?
4. What was her profession at this time?
5. What disease did her father-in-law have?
6. How many hours per day did she attend to him?
7. Did she develop sleeplessness?
8. Why?
9. What was the color of Dorothy's notebook?
10. What's in the notebook?
11. How many books has she read?
12. Has she read ones by Jane Austen?
13. What abbreviation does she use for "very good"?
14. Does she give that rating to a lot of books?
15. After he father-in-law's death, what time did she wake up?
16. What were her neighbor's names?
17. Which one of them gave her books?
18. What did he love?
19. Was he thought of as her professor?
20. Of what nationality was the gardener mentioned?
****
answer:
1. Ridgefield, Conn
2. The New York Times.
3. Dentist.
4. Nurse.
5. Lung cancer.
6. 15.
7. Yes.
8. Stress.
9. Red.
10. A list of the books she has read since 2007.
11. Close to 100.
12. Yes.
13. VG.
14. No.
15. Around 2am.
16. Julian and Sylvia.
17. Julian.
18. Literature.
19. Yes.
20. Italian.