Batchelor & Constable: California Sinking!  Simon Constable asks me about my recent visit to 

the heart of Silicon Valley at Palo Alto and to the heart of San Francisco's financial district off Market Street, where I saw alarming evidence of white collar unemployment, cliff-diving 

business models, empty shops and "Fore Lease" commercial space. The reports from California indicating 12% unemployment soon do not contain the warning that many of the losses are high-end, professional and specialist jobs. And as California sinks, so sinks the nation.