Is California heading for bust?

Posted by on Feb 9, 2009 in News | 5 comments I am shocked to read in today’s Times that the state of California could go bust this month if an agreement cannot be reached on fixing a budget to cover its $42 billion ($28.4 billion) deficit. This is the home of Silicon Valley and Hollywood. Its streets, once paved with gold, have no glitter left. Everyone is fighting for survival. Unless Governor Arnold Schwarzenegger can reach a...
read more