Context and question: After the financial crisis of 200708, it was known in 20082009 that two Portuguese banks (Banco Portugues de Negocios (BPN) and Banco Privado Portugues (BPP)) had been accumulating losses for years due to bad investments, embezzlement and accounting fraud. The case of BPN was particularly serious because of its size, market share, and the political implications - Portugal's then current President, Cavaco Silva, and some of his political allies, maintained personal and business relationships with the bank and its CEO, who was eventually charged and arrested for fraud and other crimes. In the grounds of avoiding a potentially serious financial crisis in the Portuguese economy, the Portuguese government decided to give them a bailout, eventually at a future loss to taxpayers and to the Portuguese people in general.
Why was the case of BPN more serious?
Answer: its size, market share, and the political implications
Context and question: Nocturnal migrants minimize predation, avoid overheating, and can feed during the day. One cost of nocturnal migration is the loss of sleep. Migrants may be able to alter their quality of sleep to compensate for the loss.
What is another benefit of nocturnal migration?
Answer: avoid overheating
Context and question: The responsibility for military command remained with the British Crown-in-Council, with a commander-in-chief for North America stationed at Halifax until the final withdrawal of British Army and Royal Navy units from that city in 1906. Thereafter, the Royal Canadian Navy was formed, and, with the advent of military aviation, the Royal Canadian Air Force. These forces were organised under the Department of Militia and Defence, and split into the Permanent and Non-Permanent Active Militiasfrequently shortened to simply The Militia. By 1923, the department was merged into the Department of National Defence, but land forces in Canada were not referred to as the Canadian Army until November 1940.
When did the British Army and Royal Navy withdraw from Halifax?
Answer:
1906