The former editorial-page editor of the Los Angeles Daily News, Tom Gray has won a number of awards for writing and editing including first-place awards for editorial writing from the California Newspaper Publishers Association and the Inland Daily Press Association. In a career spanning four decades, he has written for publications such as the Los Angeles Times, City Journal, and Investor’s Business Daily (where he also served as senior editor), and has authored three books on online investing published by John Wiley & Sons.

California is now veering on a cycle of decline that will be difficult to reverse, writes Tom Gray.