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...Nevada's - but it's getting unstuck. It's made nasty cuts to close ugly deficits, but it hasn't had to release prisoners or close parks, and its IOUs are being paid. Its businesses aren't fleeing to Nevada or anywhere else; Jed Kolko, an economist at the Public Policy Institute of California, has shown that fewer than one-tenth of 1% of its jobs leave the state each year. Even California's real problems tend to get magnified by its size. If it were a country, it would be in the G-8. So, yes, California...

Author: /time Magazine | Title: Why California is Still America?s Future | 10/23/2009 | See Source »

...This public-sector foresight has created alluring opportunities for the most tech-savvy private sector on earth. The venture capitalists behind the high-tech and biotech booms see clean tech as the next big score. The necessary engineers, scientists, accountants, lawyers, marketers and other knowledge workers are already there. "We've already turned industries on their heads, so we assume we can do it again," says Steve Dolezalek, VantagePoint Venture Partners' managing director, who oversaw the firm's software and life-sciences investments before heading its clean-tech group...

Author: /time Magazine | Title: Why California is Still America?s Future | 10/23/2009 | See Source »

...stop farmers from irrigating rice and cotton in the desert, the crazymaking traffic that Hollywood immortalized in Falling Down. It's still sitting on a fault line. Its expensive housing, even after the real estate crash, poses a real obstacle to the dream of upward mobility. So do its public schools and other public services, which have been deteriorating for years - in part because older white voters have been reluctant to subsidize younger minorities. (Watch TIME's 10 Questions video with Nancy Pelosi...

Author: /time Magazine | Title: Why California is Still America?s Future | 10/23/2009 | See Source »

...Golden State provides an irresistible parable for hippie-lefty vegan politics, the failure of a quasi-Scandinavian progressive experiment symbolized by MoveOn.org, Daily Kos and the Sierra Club; yoga, crystals and medical marijuana; "Hollywood values" and "San Francisco values." California has a tradition of activist government, and public support for the University of California, federal energy labs and the military-aerospace-industrial complex played a huge role in creating Silicon Valley, San Diego's biotech cluster and the state's other private-sector centers of innovation. So it's been a juicy target for right-wingers who consider Schwarzenegger...

Author: /time Magazine | Title: Why California is Still America?s Future | 10/23/2009 | See Source »

...Thursday, Secretary of Education Arne Duncan went to Columbia University's Teachers College, the oldest teacher-training school in the nation, and delivered a speech blasting the education schools that have trained the majority of the 3.2 million teachers working in U.S. public schools today. "By almost any standard, many if not most of the nation's 1,450 schools, colleges and departments of education are doing a mediocre job of preparing teachers for the realities of the 21st century classroom," he said to an audience of teaching students who listened with more curiosity than ire - this was Columbia University...

Author: /time Magazine | Title: Are Teacher Colleges Turning Out Mediocrity? | 10/23/2009 | See Source »

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