From, “California's Greek Tragedy,” by Michael J.Boskin and John F. Cogan, 3/13/12, The Wall Street Journal:
Long a harbinger of national trends and an incubator of innovation, cash-strapped California eagerly awaits a temporary revenue surge from Facebook IPO stock options and capital gains. Meanwhile, Stockton may soon become the state's largest city to go bust. Call it the agony and ecstasy of contemporary California.
Harbinger: a forerunner of something; precursor
Ecstasy: an overwhelming feeling of great happiness or joyful excitement
No comments:
Post a Comment