Will California become America's first failed state?
California may be the eighth largest economy in the world, but its state staff are being paid in IOUs, unemployment is at its highest in 70 years, and teachers are on hunger strike. So what has gone so catastrophically wrong? California has a special place in the American psyche. It is the Golden State: a playground of the rich and famous with perfect weather. It symbolises a lifestyle of sunshine, swimming pools and the Hollywood dream factory. But the ... Full Story »
Posted by Justin Michels - via Dan Gillmor, Tim O'Reilly, OneRiot, The Guardian (US), Digg, Real Clear Politics, Drudge Report, Publish2 (Politics), Publish2 (U.S.), NewsRack (Energy), Memeorandum
