freeze at the trade agency threatens progress . The mega - project , the result of warming U.S.-India ties in recent years , could open up billions of dollars of further investment in India 's nuclear power sector , which was for decades shut out of the global market . India now targets a tenfold expansion in capacity to 63,000 MW by 2032 , and U.S. , French , and Russian companies are among those chasing the business .
Retail sales in June shrank for a record 18th month , plunging 5.9 percent from a year earlier , the Federal Statistics Service in Moscow said on Tuesday . “ It ’s not possible for consumption to expand , ” said Dmitry Polevoy , chief economist for Russia at ING Groep NV in Moscow . “ Salaries are n’t growing or are growing much more moderately than they used to , lendingtransaction.transferownership.borrowlendis declining . ” As Russia pivots from a consumer - driven growth model after the crash in oil prices , the crisis is decimating the middle class and millions are sinking into poverty . Not even better consumer confidence and stabilizing inflation are translating into stronger demand .
“ The expected slowdown in the Qatari economy is likely to be seen as short - term risk , unlikely to deter Japanese bank lenders , which hold large amounts of cash and are looking for borrowers , ” Audrand said . The Japanese banks can offer low - cost financing as they draw on ample funds , with the Bank of Japan injecting cash in a quantitative easing policy in a bid to boost the sagging economy . Japanese banks have shown some public concern on lendingtransaction.transferownership.borrowlendon weapons , as indicated in a ban by Bank of Tokyo - Mitsubishi UFJ on lending to builders of cluster bombs , but there is greater pressure on European lenders . “ European banks are under tight regulatory control on credit risk and deeper scrutiny under corporate social responsibility , ” Audrand said . That may have made it hard for French banks to lend to Qatar for the Rafale as there is geopolitical risk , with tension rising with Iran and the Islamic State , he said .
STEIN : So let me speak to that . Yes , and there ’s another major policy program that you may want to talk about here , and that is the proposal that we bail out a generation of young people who are held hostage by student debt . This is $ 1.3 trillion and the broad brushstroke there is that we managed to come up with a whole lot of money for Wall Street , which Congress learned , when the audit was actually done and the reporting by the Fed , that “ Oh my God , you managed to come up with $ 17 trillion or $ 16 trillion of near - zero interest or free money in order to bail out Wall Street . ” Wall Street has the unique ability to turn around and quickly lend that low interest money for seven percent and recoup it , so Wall Street was able to pay much of that back , we know , but the point remains that if we can bail out the crooks who crashed the economy through waste , fraud and abuse and predatory lendingtransaction.transferownership.borrowlendand unethical bundling of extremely insecure financial packages – if we can find a way to bail them out to the tune of a whole lot of trillions , we can find a way to bail out a whole generation that has basically been thrown under the bus and does not have a future , that arguably does n’t have a way out . HIATT : And why do you include upper - income people in there ? STEIN : Well , for one thing , we know that higher education pays for itself .
But lawyers say the bank could have unusual leverage over him as it searches for a way out of its current crisis . [ Inside Trump ’s financial ties to Russia and his unusual flattery of Vladimir Putin ] If Deutsche ’s financial health was in danger , that could also potentially threaten Trump ’s corporate interests , because the bank could freeze future lendingtransaction.transferownership.borrowlendto his companies . If the German government partially owned the bank , lawyers said , Trump ’s dual rule as a business executive and chief diplomat could come into conflict . “ The level of entanglements here are unprecedented , ” said Ken Gross , the former elections enforcement official and lawyer who has advised presidential candidates from both parties , speaking generally outside the Deutsche case .
In return Putin has praised Trump as “ bright and talented . ” Trump positively glows as he repeats reports that “ Putin likes me . ” The Trump - Russia links beneath the surface are even more extensive , as Franklin Foer has shown in Slate . Trump has sought and received funding from Russian investors for his business ventures , especially after most American banks stopped lendingtransaction.transferownership.borrowlendto him following his multiple bankruptcies . Trump ’s de facto campaign manager , Paul Manafort , was a longtime consultant to Viktor Yanukovich , the Russian - backed president of Ukraine who was overthrown in 2014 . Manafort also has done multimillion - dollar business deals with Russian oligarchs .
Read : Why oil could plunge to $ 20 a barrel , but probably not $ 10 Selling began in China after official data showed that new bank loans were lower than expected in December as lenders sharply curtailed activity amid worries about slowing growth and bad debt . In a bid to boost liquidity , China ’s central bank said it pumped $ 15 billion of funds into the market via a medium - term lendingtransaction.transferownership.borrowlendfacility on Friday . The Shanghai Composite SHCOMP , +0.68 % dropped 3.5 % and is down 20 % from a Dec. 22 high , which by one definition puts it in a bear market . All of this was exacerbated as options stopped trading ahead of their expiration on Saturday .