War Profiteers

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War Profiteers

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The 65 biggest banks committed $869 billion to firms expanding the fossil fuel industry last year, a new report says.
Citigroup Center
An analysis produced by portfolio.earth called the Bankrolling Extinction report reveals how the world’s largest investment banks to finance industries causing biodiversity loss. Last year alone, over $2.6tn (£1.9tn) of financing was linked to ecosystems and wildlife destruction. There is a dangerous lack of policies in the lending system to...

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Wealthy countries like Germany and Italy have allocated fiscal stimulus, including bank guarantees, of more than 30% of their gross domestic product. India’s support so far adds up to less than 1% of its GDP. Economists like Soumya Kanti Ghosh of the State Bank of India and Sanjay Mathur of Australia & New Zealand Banking Group Ltd. estimate the government’s support should be as big as 8 trillion rupees. Part of the reason for the government’s lack of action is its limited fiscal room. Faced with a weakening economy before the virus outbreak, (Finance Minister Nirmala) Sitharaman widened the fiscal deficit target for this year to 3.5% of GDP. An increase in fiscal spending to fight the virus could increase the shortfall to about 8%, according to Citigroup.
'Calls for India Fiscal Aid Grow Louder as Businesses Struggle', BloombergQuint
Citigroup is asking the hard question right now: “Are we getting Bubblicious?” Or it’s just written the next hit Bonnie McKee song.
City Vs Villagers Girls.