Our view: Unemployment insurance fund needs to be fixed

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Our view: Unemployment insurance fund needs to be fixed

By Editorial board and Henry Dubroff / Friday, May 8th, 2020 / Comments Off on Our view: Unemployment insurance fund needs to be fixed

The coronavirus has a way of finding the weaknesses in all sorts of things — humans, health care institutions, corporate balance sheets and public finance. When it comes to public finance on a state level, few institutions are as vulnerable as California’s unemployment insurance fund. The fund borrowed $11 billion from the Obama administration during…

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