Monday, June 28, 2010

States of Crisis for 46 Governments Facing Greek-Style Deficits

States of Crisis for 46 Governments Facing Greek-Style Deficits - Bloomberg
"Still, California isn’t Greece.

It’s home to Silicon Valley, Hollywood and a $27 billion agriculture industry.

“It’s unbelievable,” says Bob Nichols, CEO of Windward Capital Management Co. in Los Angeles.

“How do you screw up a place with the growth capability of California?

It’s so dysfunctional.”"

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