The unexpected downfall of the Californian empire

« California's day of reckoning is here. Our wallet is empty, our bank is closed and our credit is dried up [...] People are writing California off ». These alarming words were part of Calif... Read all« California's day of reckoning is here. Our wallet is empty, our bank is closed and our credit is dried up [...] People are writing California off ». These alarming words were part of California Governor's address to his constituents in June 2009. Indeed, the Golden state is bad... Read all« California's day of reckoning is here. Our wallet is empty, our bank is closed and our credit is dried up [...] People are writing California off ». These alarming words were part of California Governor's address to his constituents in June 2009. Indeed, the Golden state is badly strapped for cash: for over a year, 38 million Californians have been helplessly lookin... Read all