NEW JERSEY: Going Broke

Small as it is, there is something for everyone in New Jersey, including some things nobody really wants. The state possesses some of the finest beaches on the Atlantic coast, and one of the most dismal lunar landscapes of swamp, industrial waste, and smelly oil refineries to be found in the U.S. Its nearly 8 million people live in communities as diverse as the grinding black ghettoes of Newark, the elegant $200,000 homes of Short Hills and Princeton, and the Rockwellian small towns of Cumberland County that preserve the life-style of an...

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