On Monday, General Motors spooked the entire economics community, financial and academic, when it reported that it was hemorraging $2 billion a month and might be forced to declare bankruptcy. If their cash reserves dip below $10 billion, the company said it will be unable to pay its health care obligations or even finance its [...]
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Californian Jurisprudence To The Rescue?
by Anthony Kanigliero on November 24, 2008
in Commentary
Every morning I drive down Santa Monica Boulevard in West Los Angeles, past the largest Mormon Church in Southern California. Before Proposition 8 – the state referendum functionally banning gay marriage – passed, I felt fairly ambivalent towards the looming concrete structure, anointed by the large gold figurine of a man pointing east towards Jerusalem. [...]
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