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California Economic Crisis

Report: California's Economy 'More Diverse And Resilient' Than That Of Greece

AP | By JUDY LIN | Posted 07.03.2011 | Los Angeles

SACRAMENTO, Calif. -- California and Greece might share enviable weather and postcard-worthy beaches, but their fiscal problems aren't the same. That...

California State Of Emergency Declared By Schwarzenegger Over $19 Billion Budget Gap

Reuters | Jim Christie | Posted 05.25.2011 | Politics

California Governor Arnold Schwarzenegger declared a state of emergency over the state's finances on Wednesday, raising pressure on lawmakers to negot...

Arnold Schwarzenegger's Knife Play

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

What's been playing out in California could be the stubborn last gasp of the "Republican Revolution." What began in California might have to end in California.

The Republicans Win Big in California!

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

Schwarzenegger and his horde of retrograde Republican lawmakers got everything they wanted in a horrific bargain with Democratic leaders that has ended California's budget impasse.

Arnold Schwarzenegger: Compassionless Conservatism

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

Schwarzenegger's heartlessness towards the state's most vulnerable citizens in a time of economic collapse renders absurd the Republicans' attempts to paint their party as "kinder and gentler" or "compassionate."

Arnold Schwarzenegger: Tea Bagging California

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

The California budget crisis continues to be a showdown between a recalcitrant Executive and a weak-kneed Legislature.

Arnold Schwarzenegger: Sticking It to "America's Best"

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

Thanks to an economic crisis his good friend George W. Bush gave us, Schwarzenegger is launching a frontal assault against virtually all of the state's public sector institutions.