Posts Tagged: collapse
A photo illustration of an cyber attacker on the internet. (Photo: Alexander Geiger, via Shutterstock
OPINION: Germany never accepted defeat in World War I, and it used the next 22 years to re-imagine the internal-combustion engine into a series of devastating weapons, and then to deploy those weapons in combinations never before seen on the field of battle. At the same time, its leaders undermined domestic democratic institutions to solidify its power. Their motive was simple: revenge. I fear a similar dynamic is at play in 2019.
California’s voter-approved commission that draws the boundaries for legislative and congressional districts is going to the U.S. Supreme Court to support a similar commission in Arizona, which is locked in a power struggle with that state’s Legislature.
The CalPERS board may make it more costly for struggling local governments to close their pension plans.
A pending change is driven in part by unusually low interest rates and the fear of an unlikely, but now not inconceivable, collapse of a large employer like the bankrupt city of San Bernardino.