2008-05-26

canadaeast.com - California city that is in bankruptcy may become the model for others

http://www.canadaeast.com/front/article/306346

California subburb goes bankrupt. And unlike Orange County, it wasn't
because of stock market gambling.

The article blames employee salaries, but I suspect other reasons
apply, such as low taxes over many years.

Be warned, the end of suburbia has begun.

Envoyé depuis mon iPod / Sent from my iPod touch.

No comments:

Labels

Canada (204) Internet (124) TV (104) iPhone (103) World (99) Liberal Party (65) New Brunswick (44) OUI (43) Ipod touch (33) Media (33) haha (29) Bus (26) Environment (16) StreetView (16) La politique (15) Twitter (15) Travel (12) wmtc (12) Books (11) iPad (11) Gadgets (10) Cancer (7) Monde (6) tetesaclaques (6) HOC (5) Shoshana (4) Games (2) Index (1) tac (1)

Twitter Updates