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California Default

State Borrowing Billions To Stave Off Debt Crisis

AP | By JUDY LIN | Posted 09.25.2011 | San Francisco

SACRAMENTO, Calif. -- California borrowed $5.4 billion from private investors Tuesday as a hedge against a possible default by the federal government....

The International Community Must Intervene -- in Japan

Jacques Attali | Posted 05.30.2011 | World
Jacques Attali

Like the American financial institutions that spawned the subprime mortgage crisis, Japan's nuclear crisis is largely the result of forsaking prudence for profits.

Meg Whitman's Shady Goldman Sachs Past -- Is It California's Future?

Richard (RJ) Eskow | Posted 05.25.2011 | Los Angeles
Richard (RJ) Eskow

With the betting is still hot and heavy on who will default first -- Greece or California -- does the state really need to be led by someone with a Goldman Sachs mentality?