… ’cause I can’t stop anything:
The vast resources the U.S. and Europeans are pouring into ailing financial firms could lead to disastrous consequences for global efforts to reduce poverty and mitigate the impacts of climate change, warns a new study by an independent think tank.
The study, entitled “Skewed Priorities: How the Bailouts Dwarf Other Global Crises”, points out that the U.S and European governments are willing to help financial firms in crisis with more than 4 trillion dollars — an amount estimated to be 40 times higher than what is being spent on measures to fight climate change and poverty.
According to researchers at the Washington-based Institute for Policy Studies, which released the study’s findings Monday, governments of the rich industrialised countries are very likely to use the cost of their financial sector bailouts as an excuse to backtrack on global aid for poverty and climate change financing commitments.
Read this if you want, here
Or, listen to this:
k.d. – ‘crying” – oh YEAH!
be still my pounding heart – or not!