Word: crisises
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In Sacramento, which rises like the city of Oz on the flat plains of the California's Central Valley, Schwarzenegger has not underplayed the gory details. "Our wallet is empty, our bank is closed. Our credit is dried up," he says. But the crisis has not helped bind up the...
Conservatives view the budget crisis as an opportunity to slash California's spending back to the level it had reached 10 years ago. "Gross overspending and fiscal irresponsibility will not be tolerated by the people of California," says Senate Republican Leader Dennis Hollingsworth. Liberals, however, see this as an attack...
In the meantime, the crisis is being felt in thousands of ways across the state. Dressed in a coral polo shirt and khaki shorts, Teeda Sokhoeun sits on a swivel chair next to a tiny couch in the two-bedroom apartment she shares with her mom and five siblings in...
Read "California's Fiscal Crisis: The Legacy of Proposition 13"
Until June 25, the River Palace was one of the most popular casinos in Kiev, buzzing with customers trying their luck in rooms awash with the sounds of pinging bells and clicking roulette balls. But now the place is deserted, filled only with an eerie silence. The timing couldn't...