$68 billion high speed rail. Government in California knows no boundaries, and now some of the state's municipalities are using eminent domain to assume properties with troubled mortgages.
You Knew This Day Would Come: CA Cities Eye Plan To Seize Mortgages
Note To The CA Legislature: High-Speed Rail Does Not Help Economy
ECOMINOES FLASHBACK: California: The GDP, Budgetary Woes, And Resistance To Austerity Of A PIIGS Nation
In other news:
IMF: Global Economic "Recovery" Showing Signs Of Trouble
IMF Says Japan And Spain Are Done, "Debt Ratio Will Never Stabilize"
Europe's Lessons For The U.S.
Obama Fails The Young
As A Result, Fewer Young People Plan To Vote This November
Epic Rick Santelli Rant On "Un-American" Federal Reserve, Treasury Incompetence
Facebook's Zuckerberg Gets Multimillion-Dollar Loan At Rate Lower Than Inflation
Microsoft, NBC Dissolve MSNBC.com Joint Venture
"Avengers" Director Goes On Anti-Capitalist Rant