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During April 2009, U.S. Federal Reserve vice-chair Janet Yellen discussed these paradoxes: "Once this massive credit crunch hit, it didn't take long before we were in a recession. The recession, in turn, deepened the credit crunch as demand and employment fell, and credit losses of financial institutions surged. Indeed, we have been in the grips of precisely this adverse feedback loop for more than a year. A process of balance sheet deleveraging has spread to nearly every corner of the economy. Consumers are pulling back on purchases, especially on durable goods, to build their savings. Businesses are cancelling planned investments and laying off workers to preserve cash. And, financial institutions are shrinking assets to bolster capital and improve their chances of weathering the current storm. Once again, Minsky understood this dynamic. He spoke of the paradox of deleveraging, in which precautions that may be smart for individuals and firmsand indeed essential to return the economy to a normal statenevertheless magnify the distress of the economy as a whole."

What deepened the credit crunch when demand and employment fell?
Answer: recession
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Based on experience with German strategic bombing during World War I against the United Kingdom, the British government estimated after the war that 50 casualties with about one third killed would result for every tonne of bombs dropped on London. The estimate of tonnes of bombs an enemy could drop per day grew as aircraft technology advanced, from 75 in 1922, to 150 in 1934, to 644 in 1937. That year the Committee on Imperial Defence estimated that an attack of 60 days would result in 600,000 dead and 1,200,000 wounded. News reports of the Spanish Civil War, such as the bombing of Barcelona, supported the 50-casualties-per-tonne estimate. By 1938 experts generally expected that Germany would attempt to drop as much as 3,500 tonnes in the first 24 hours of war and average 700 tonnes a day for several weeks. In addition to high explosive and incendiary bombs the enemy would possibly use poison gas and even bacteriological warfare, all with a high degree of accuracy. In 1939 military theorist Basil Liddell-Hart predicted that 250,000 deaths and injuries in Britain could occur in the first week of war.

What committee estimated that 60 days of attacks would result in 600,000 deaths?
Answer: Imperial Defence
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John Calvin supported the "agent of God" Christology and argued that in his trial in Pilate's Court Jesus could have successfully argued for his innocence, but instead submitted to crucifixion in obedience to the Father. This Christological theme continued into the 20th century, both in the Eastern and Western Churches. In the Eastern Church Sergei Bulgakov argued that the crucifixion of Jesus was "pre-eternally" determined by the Father before the creation of the world, to redeem humanity from the disgrace caused by the fall of Adam. In the Western Church, Karl Rahner elaborated on the analogy that the blood of the Lamb of God (and the water from the side of Jesus) shed at the crucifixion had a cleansing nature, similar to baptismal water.

What is the blood of the lamb?
Answer:
had a cleansing nature, similar to baptismal water