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Disasters Can Happen

The Great El Monte Public Pension Swindle

El Monte Strike

by MN Gordon

Economic Prism

Nowhere City California

There are places in Southern California where, although the sun always shines, they haven’t seen a ray of light for over 50-years.  There’s a no man’s land of urban blight along Interstate 10, from East Los Angeles through the San Gabriel Valley, where cities you’ve never heard of and would never go to, are jumbled together like shipping containers on Terminal Island.  El Monte, California, is one of those places.

How El Monte came to be is a story shared with many of its adjoining San Gabriel Valley cities.  Boom, bust, and rapid transformation from an agricultural area to working class artery of a burgeoning megalopolis, vomited out a multitude of enduring mistakes.  Many of them will never be rectified.

When El Monte was incorporated as a municipality in (Read More....)

. . . → Read More: The Great El Monte Public Pension Swindle

Taxpayers Indirectly Help Develop Most New Drugs

New proposals are in place to force pharmaceutical companies to give the public a return on taxpayer money used to directly fund the development of pharmaceutical drugs. However, even pharmaceutical drugs that received no direct government funding often benefit greatly from indirect public funding, according to a new study conducted at Columbia University.

The study, conducted by Frank Lichtenberg, Courtney C. Brown and (Read More....)

. . . → Read More: Taxpayers Indirectly Help Develop Most New Drugs

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