Bear Market

With the federal government in knots, Texas and California--the two most powerful megastates--are fighting to lead the country forward. Guess who's winning.

Call it the War Between the Megastates. This conflict burst into the national headlines on May 17, 2001, when then-governor Gray Davis told reporters that California, reeling from chronic blackouts and the bankruptcy of his state's largest power company, was "literally in a war" with "price gouging" Texas energy producers....For the most part, however, Texas versus California has been a cold war, a simmering ideological feud between two great powers. And ... Full Story »

Posted by Beth Wellington

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