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In the News: Penniless in Paradise
The bankruptcy of San Bernardino, CA, has captured national attention for the past few weeks, but for many, the city is simply a name on a map. Kevin D. Williamson, in his article for the National Review, reports on San Bernardino, and tells the fuller story. What was once a prosperous California city is now becoming something of a ghost town:
”With the locals getting gone, outsiders aren’t eager to get into the market…. (if this is the end of a sentence, the fourth period is needed in the ellipse) The Carousel Mall across from city hall is one of those sprawling two-story midcentury retail complexes, and it has a grand total of nine shops open. Most of the top floor is gated and shuttered, while the lower level has given up on retail entirely and converted the stores to office space. The garishly painted eponymous carousel is still and silent. On the upside, parking is a breeze.”
As more city and state governments continue to make financial promises that they don’t have the resources to fulfill, more U.S. cities may go the way of San Bernardino. Read the rest of the article here