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Financial Stability Board

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World Banking Business: Shocking Data

The Financial Stability Board (FSB) was created at the G20 summit in April 2009, the time the world financial crisis was in full swing. By the end of 2012 it issued its Global Shadow Banking Monitoring Report, assessing the information on the activities of banks and other financial bodies in 2011 1. The global shadow banking system grew to $67 trillion, a figure comparable to the same year’s global GNP. It strikes imagination and drastically changes the whole vision of the world economy…

Valentin KATASONOV | 04.02.2013




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OUR COLUMNIST
    Finian CUNNINGHAM

America’s Barbaric Logic of Hiroshima 70 Years On

Even if we accept that there was a plausible military imperative to drop the atomic bombs on Hiroshima and Nagasaki – to bring about a swift defeat of Japan and thus an end to the Pacific War – the horror of civilian death toll from those two no-warning aerial attacks places a disturbing question over the supposed ends justifying the means...

02.08.2015
 
 
 
 
 
 
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