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  1. #476
    dangerous floater Winehole23's Avatar
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  2. #477
    dangerous floater Winehole23's Avatar
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    interesting


  3. #478
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    California Defies Expectations of Doom, Promises Massive Tax Rebate

    As California approaches the biggest state tax rebate in U.S. history, Bloomberg News co-founder Matthew A. Winkler questions its reputation as a state doomed by over-regulation and high taxes.

    In fact, California "has no peers among developed economies for expanding GDP, creating jobs, raising household income, manufacturing growth, investment in innovation, producing clean energy and unprecedented wealth through its stocks and bonds." By adding 1.3 million people to its non-farm payrolls since April last year — equal to the entire workforce of Nevada — California easily surpassed also-rans Texas and New York. At the same time, California household income increased $164 billion, almost as much as Texas, Florida and Pennsylvania combined, according to data compiled by Bloomberg. No wonder California's operating budget surplus, fueled by its surging economy and capital gains taxes, swelled to a record $75 billion...

    While pundits have long insisted California policies are bad for business, reality belies them. In a sign of investor demand, the weight of California companies in the benchmark S&P 500 Index increased 3 percentage points since a year ago, the most among all states, according to data compiled by Bloomberg. Faith in California credit was similarly superlative, with the weight of corporate bonds sold by companies based in the state rising the most among all states, to 12.5 percentage points from 11.7 percentage points, according to the Bloomberg Barclays U.S. Corporate Bond Index. Translation: Investors had the greatest confidence in California companies during the pandemic. The most trusted measure of economic strength says California is the world-beater among democracies. The state's gross domestic product increased 21% during the past five years, dwarfing No. 2 New York (14%) and No. 3 Texas (12%), according to data compiled by Bloomberg. The gains added $530 billion to the Golden State, 30% more than the increase for New York and Texas combined and equivalent to the entire economy of Sweden.

    Among the five largest economies, California outperforms the U.S., Japan and Germany with a growth rate exceeded only by China...

    Corporate California also is the undisputed leader in renewable energy, with 26 companies worth $897 billion, or 36% of the U.S. industry, having reported 10% or more of their revenues derived from clean technology. No state comes close to matching the 21% of electricity derived from solar energy. Shares of these firms appreciated 282% during the past 12 months and 1,003%, 1,140% and 9,330% over two, five and 10 years, respectively, with no comparable rivals anywhere in the world, according to BloombergNEF. The same companies also increased their workforce 35% since 2019, almost tripling the rate for the rest U.S. overall and four times the global rate...

    California companies invested 16% of their revenues in R&D, or their future, when the rest of the U.S. put aside just 1%...

    Much has been made of the state reporting its first yearly loss in population, or 182,000 last year. Had it not been for the Trump administration preventing new visas, depriving as many as 150,000 people from moving to California from other countries annually, the 2020 outcome would have been more favorable.

  4. #479
    dangerous floater Winehole23's Avatar
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  5. #480
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    CA GDP > TX + FL GDP

  6. #481
    Against Home Schooling Ef-man's Avatar
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    California gets its way on appeal.

    9th Circuit Appeals Court blocks the overturn of California's assault weapons ban.

    The US 9th Circuit Court of Appeals has blocked a federal judge's controversial ruling that overturned California's longtime ban on assault weapons, in which he likened the AR-15 to a Swiss Army knife.

    In an order Monday, a three-judge panel on the federal appeals court issued a stay of US District Judge Roger Benitez's order earlier this month that overturned California's three-decade old assault weapons ban.

    The state's current assault weapons laws will remain in effect while further proceedings continue, California Attorney General Rob Bonta said in a statement on Twitter.

    https://www.cnn.com/2021/06/21/polit...ked/index.html

  7. #482
    dangerous floater Winehole23's Avatar
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    *makes the sign of the cross*


  8. #483
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  9. #484
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  10. #485
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    Just prior to the start of the first televised debate in the Gavin Newsom recall election Wednesday evening, a shock poll showed the governor losing the first question ("Should Gavin Newsom be recalled?") by double digits.


    The poll came from Survey USA and the San Diego Union Tribune, and was conducted among 1,100 Californians from Aug. 2 to Aug. 4. It found that 51% of respondents were in favor of recalling Newsom, while only 40% wanted to keep him in power. The previous Survey USA/San Diego Union Tribune poll from May found 36% in favor of the recall with 47% opposed.
    https://www.surveyusa.com/client/PollReport.aspx?g=36cdcb0b-7cfa-4b55-8704-d1f02a9fe6e5

  11. #486
    Got Woke? DMC's Avatar
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    Golden State is called that for a reason - urine levels are high

  12. #487
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  13. #488
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  14. #489
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    And a $100 billion surplus they're sitting on.

    It moves from "lol California" to sheer depression knowing not much, if any of the state's increased wealth, is being utilized to address any of the number of crises we've been facing in that same timeframe.

    I get your M.O, but bragging about all the money they make while the state burns is isn't much of a flex.

  15. #490
    dangerous floater Winehole23's Avatar
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  16. #491
    dangerous floater Winehole23's Avatar
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    Texas is sitting on a huge surplus and not solving any problems with it either.

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