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Los Angeles is in danger of becoming a failed city
San Francisco and Silicon Valley may be booming. L.A. is not. Unemployment is high, 8.7%. The city has massive unfunded pension liabilities. Big business is increasingly leaving L.A. And then there’s the continual, insane amounts of traffic. Sue and I lived in L.A. for years and everytime we go back are astonished that yes, the … Continue reading Los Angeles is in danger of becoming a failed city