The state is in for a rough ride, with spending cuts and tax increases expected over Mr Brown's term. But help may be at hand from Nicolas Berggruen, the so-called "homeless billionaire", who has assembled a small group of I guess they may have another year before they have to learn Spanish.
| No doubt they'll come up with a detailed list of eminently workable proposals, which will be ignored by the politicians as dangerously disturbing the status quo ante. |