California, the world’s third largest economy, is in dire straits. Governor Schwarzenegger has called for 1/4 of the state’s budget to be cut in order to deal with a $26 million deficit. Unemployment is at 11.2 percent, nearly two-percent higher than the national average. With the global economic crisis continuing to leave international markets* shaken and unreliable, and world leaders scrambling to find a solution to this catastrophic and systemic disaster, it’s unclear when or how the Golden State will be able to pull itself out from this mess.
Oh wait, never mind, this lady solved it.
Professor of Problem Solving over here. Tenured. (Thanks for the tip, Robin and Jonathan.)
*Right about here is where I clearly stopped having any idea what I was talking about.