Context and question: In 2007 Torsten Struck and colleagues compared 3 genes in 81 taxa, of which 9 were outgroups, in other words not considered closely related to annelids but included to give an indication of where the organisms under study are placed on the larger tree of life. For a cross-check the study used an analysis of 11 genes (including the original 3) in 10 taxa. This analysis agreed that clitellates, pogonophorans and echiurans were on various branches of the polychaete family tree. It also concluded that the classification of polychaetes into Scolecida, Canalipalpata and Aciculata was useless, as the members of these alleged groups were scattered all over the family tree derived from comparing the 81 taxa. In addition, it also placed sipunculans, generally regarded at the time as a separate phylum, on another branch of the polychaete tree, and concluded that leeches were a sub-group of oligochaetes rather than their sister-group among the clitellates. Rouse accepted the analyses based on molecular phylogenetics, and their main conclusions are now the scientific consensus, although the details of the annelid family tree remain uncertain.
Who compared annelid genes in 2007?
Answer: Torsten Struck and colleagues
Context and question: IndyMac often made loans without verification of the borrower's income or assets, and to borrowers with poor credit histories. Appraisals obtained by IndyMac on underlying collateral were often questionable as well. As an Alt-A lender, IndyMac's business model was to offer loan products to fit the borrower's needs, using an extensive array of risky option-adjustable-rate-mortgages (option ARMs), subprime loans, 80/20 loans, and other nontraditional products. Ultimately, loans were made to many borrowers who simply could not afford to make their payments. The thrift remained profitable only as long as it was able to sell those loans in the secondary mortgage market. IndyMac resisted efforts to regulate its involvement in those loans or tighten their issuing criteria: see the comment by Ruthann Melbourne, Chief Risk Officer, to the regulating agencies.
What was questionable on IndyMac's underlying collateral?
Answer: Appraisals
Context and question: Residents of Norfolk Island do not pay Australian federal taxes, creating a tax haven for locals and visitors alike. Because there is no income tax, the island's legislative assembly raises money through an import duty, fuel levy, medicare levy, GST of 12% and local/international phone calls. In a move that apparently surprised many islanders the Chief Minister of Norfolk Island, David Buffett, announced on 6 November 2010 that the island would voluntarily surrender its tax free status in return for a financial bailout from the federal government to cover significant debts. The introduction of income taxation will now come into effect on July 1, 2016, with a variation of opinion on the island about these changes but with many understanding that for the island's governance to continue there is a need to pay into the commonwealth revenue pool so that the island can have assistance in supporting its delivery of State government responsibilities such as health, education, medicare, and infrastructure. Prior to these reforms residents of Norfolk Island were not entitled to social services. It appears that the reforms do extend to companies and trustees and not only individuals.
Who is the Chief Minister of Norfolk Island?
Answer:
David Buffett