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Articles posted on Sunday, November 18, 2012

Special Report: How a vicious circle of self-interest sank a California city Reuters

Sunday, November 18, 2012
Category: America

From www.reuters.com

No single deal or decision involving benefits and wages over the years killed the city. But cumulatively, they built a pension-fueled financial time-bomb that finally exploded. In bankrupt San Bernardino, a third of the city′s 210,000 people live below the poverty line, making it the poorest city of its size in California.

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David Frum: How the GOP Got Stuck in the Past - Newsweek and The Daily Beast

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Sunday, November 18, 2012
Category: Politics

From www.thedailybeast.com

Those who would urge the GOP to double down on ideology post-2012 should ask themselves: would Republicans have done better if we had promised a bigger tax cut for the rich and proposed to push more people off food stamps and MediĀ­caid? Would we have done better if we had promised to do more to ban abortion and stop same-sex marriage? If we had committed ourselves to fight more wars? To put the country on the gold standard? Almost half of those surveyed on voting day said they wanted to see taxes raised on Americans earning more than $250,000.

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