That famous golden spike takes on a whole new meaning with the nearly 1 billion dollar rail to nowhere contract that clocks in at a truly golden 35 million dollars per mile.
California’s Zigzag on Welfare Rules Worries Experts
By ERIK ECKHOLM
Published: October 6, 2009
FRESNO, Calif. — As he pressed state lawmakers over the summer to close a record budget deficit, Gov. Arnold Schwarzenegger lathered scorn on the state’s welfare-to-work program. He called it too lenient on the work requirement and overly generous in its benefits. At one [...]
Don’t Blame Voters for California’s Budget Woes
Big spending pols falsely claim citizen ballot initiatives have tied their hands.
By SHIKHA DALMIA, ADRIAN MOORE AND ADAM B. SUMMERS
With the Golden State still struggling to balance its books, politicians from both sides of the aisle have come up with a nifty way to avoid responsibility for the mess: [...]
REVIEW & OUTLOOK SEPTEMBER 30, 2009
A California Quake
A tax commission releases a ground-breaking plan.
No state’s economy, with the exception of Michigan, has careened into a deeper ditch than California in this recession. The state now has the fourth-highest unemployment rate (12.2%), the third-highest rate of mortgage foreclosures, and for two years has had the biggest [...]