Robert Reich: The people who are suffering the most from the failure of public officials and the greed of large bankers are the least able to endure it. Unemployment among people with four-year college degrees is barely over 5 percent; among high-school dropouts it’s over 25 percent.
Joseph Palermo: Sadly, the clear winner in recent years has been the California of small things and small ideas. Through an outdated flaw in the structure of governance, one-third of the Legislature has a stranglehold on the state’s finances. The other two-thirds (the majority) knows the state is heading in the wrong direction. Yet given its lack of control over the purse strings, it’s left flailing around passing a lot of symbolic laws that go nowhere.