The dangers of a foreign retreat from Treasury securities are slight in the short-term but increase over time as the public debt continues to grow. Americans would do well to realize that things which cannot go on forever tend not to.
So let’s be grateful that the economy is getting worse more slowly than it was. But don’t be lured into thinking we’re ever going back to where we were. Most of the jobs that have been lost are never coming back.
Treva Brandon Scharf: I use these parks and trails for exercise, for social time with friends, for activities with out-of-towners, for romantic outings, and for the spiritual benefits I get from communing with nature.
Dan Bacher: Want to have some fun and challenge corporate agribusiness at the same time? Then attend a mock reception outside the home of famous (infamous) Delta water diverters, Stewart and Lynda Resnick, hosted by the No on Proposition 1 campaign.
Natasha Minsker: California had the chance to be a leader in requiring police to get a warrant to use surveillance technology. But Gov. Brown vetoed a bill that would have done just that for police drones.