Can Facebook save California? Well, not quite, but it will create a surge in state tax revenues...

|By:, SA News Editor
Can Facebook save California? Well, not quite, but it will create a surge in state tax revenues from stock-option exercises when it goes public, as did Google's (GOOG) IPO, Paul Kedrosky says. California's path to insolvency will prove "much more circuitous than most people think," he writes.