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Archives
Tag Archives: finance
‘Will California become America’s first failed state?’
First time I’ve ever heard ‘Failed state’ as a way to put the economic crisis in California in perspective:
In order to pass its state budget, California’s government has had to agree to a deal that cuts billions of dollars from education and sacks 60,000 state employees. Some teachers have launched a hunger strike in protest. [...]
Today is black Friday but it’s ok.
GM and Chrysler are brands of yesterday. The Nikkei dropped like woah, and now the real crash has begun. May I recommend we all take a deep breath, and hope Detroit does not burn to the ground, that the petrodollar does not vaporize before the holidays, and that the lord of unbacked currencies watches over [...]
States in Fiscal Peril