Citigroup's net income increased to $3.6 billion in the fourth quarter 2016, primarily driven by the lower operating expenses and cost of credit, partially offset by lower revenues. Citigroup's effective tax rate was 30% in the current quarter compared to 29% in the fourth quarter 2015.
Mercosur, or the Southern Common Market, is a customs union between Brazil, Argentina, Uruguay and Paraguay. It was originally set up in 1991. Bolivia, Chile, Colombia, Ecuador and Peru have associate member status. Bolivia may be incorporated as a full member soon.
Ressentiment (French pronunciation: [rÉsÉÌtimÉÌ]) is the French translation of the English word resentment (from Latin intensive prefix 're', and 'sentir' to feel). In philosophy and psychology it is a concept that was of particular interest to the existentialist philosophers.