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  • California State budget

    The California Conundrum: New, Costly High-Speed Rail vs. Massive Budget Deficit

    What do $16 billion and $68.4 billion have in common, other than the fact that each of these figures dwarfs JPMorgan Chase’s recent loss? The former is how deep in the red the California state budget sits currently. The latter is the latest in a series of roller-coasting cost estimates … More