Chart of the Day: Goldman’s $12 Billion Bloodbath

The Lockheed Fire in Santa Cruz was one of nine big wildfires burning more than 100,000 acres in California last week. It was named after

By Ellen Brown “Maybe this is like shock therapy. Maybe this will actually get the lenders to the table and encourage them to work out

By Eadie Chen and Chen Aizhu A report that Chinese state-owned companies will be allowed to walk away from loss-making commodity derivative trades provoked anger