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Sophia4

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Member since: Fri Nov 17, 2017, 01:36 PM
Number of posts: 3,515

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What California and Governor Brown Are Doing Right. Bloomberg

California's 4.9 percent increase in GDP last year was more than twice the gain for the U.S. and enabled the state's jobless rate to slide to 4.2 percent, the lowest on record since such data was compiled in 1976. Per capita income since 2013 grew 20.5 percent, making California the perennial No. 1. Among the biggest states sharing the Trump agenda, Texas remains an also-ran with less than a third of California's $31.8 billion in receipts from agriculture, forestry and fishing and $63 billion less than California's $289 billion in equivalent GDP as the nation's largest manufacturer, according to data compiled by Bloomberg. While the Texas unemployment rate is lower at 4.1 percent, California's is falling faster and its total workforce of 17 million is 37 percent greater and has increased 2 million during the past five years, more than any other state.

Investors also make California the best-performing state, with 462 native companies in the Russell 3000 index producing a 587 percent total return (income plus appreciation) during the past decade, 262 percent the past five years, 76 percent the past two years, and 27 percent the past year — easily surpassing the Russell 3000's total return of 371 percent, 154 percent, 59 percent, and 22 percent, respectively. In the market for state and local government debt, California also is superior, representing more than 20 percent of the No. 1 BlackRock Strategic Municipal Opportunities Fund, according to data compiled by Bloomberg.

https://www.bloomberg.com/view/articles/2018-05-29/trump-vs-california-state-s-economy-vastly-outpaces-u-s

Some good advice from Charlie Munger.

There is a video at the website:

https://www.cnbc.com/2018/04/19/charlie-munger-avoid-these-5-things-that-guarantee-a-miserable-life.html

I especially like the advice about resentment.

Rising sea levels will submerge historical sites in the US, scientists say.

Their conclusion says thousands of sites could be submerged within the century. These include the Kennedy Space Center in Florida, the Cape Hatteras Lighthouse in North Carolina, and Jamestown, Virginia, the country's oldest permanent English settlement.

Charleston, South Carolina, and St. Augustine, Florida, two of the country's continuously occupied European settlements, were estimated to become high-risk areas as well.

What's startling is that even a measly sea level rise of around three to 10 feet would be enough to threaten the above-mentioned historical sites. It would be more catastrophic if the rise climbs higher, say, around 16.4 feet. In that scenario, 32,000 sites could be affected, many of which are included in the National Register of Historic Places.

. . . .

Sea levels rising hold far more pressing implications than merely damage to the areas. Not only will history and heritage be destroyed, residents of said places will inevitably be displaced in the process.

http://www.techtimes.com/articles/216470/20171202/rising-sea-levels-will-submerge-thousand-of-us-historical-sites.htm

California budget swells to almost $200B -- saving for the next economic downturn.

California budget swells to almost $200B
. . .

California Gov. Jerry Brown (D) on Friday unveiled a nearly $200 billion budget proposal aimed at stocking away billions for the next economic downturn.

The $199.2 billion proposal, the largest in California’s history, would add another $3.2 billion to the state’s reserve fund, money that could be used when the economy once again goes south. That would leave $13.8 billion in the rainy-day fund, first created by voters in a 2014 ballot measure.

“We’re nearing the longest economic recovery in modern history, and as Isaac Newton observed, what goes up must come down,” Brown said. “This is a time to save for our future, not to make pricey promises we can’t keep.”

The booming stock market and tax revenues coming in well above expectations mean California budget officials will see an $8.8 billion surplus, $3.8 billion more than Brown’s initial budget assumed in January.

http://thehill.com/homenews/state-watch/387311-california-budget-swells-to-almost-200b

California's economy is the fifth largest in the world, yet the votes of Californians count for relatively little in presidential elections because of the electoral college. Our democracy is a travesty when it comes to electing our president.

Nevertheless, we in California are preparing for economic downturns.

Is your state?

Good news for California!

(CN) – California surpassed the United Kingdom to become the fifth largest economy in the world in 2017 with a gross domestic product of $2.7 trillion, according to new federal data released Friday.

California’s jump to fifth place in the world ranking represents an increase of more than $100 billion from 2016. The Golden State now ranks above the economies of United Kingdom, India, France, Brazil, Italy and Canada, according to the California Department of Finance.

Much of the credit goes to California’s robust environment, population diversity and range of climates that promote a strong agriculture industry according to Kadee Russ, associate professor of economics at the University of California, Davis.

“California has done a good job of growing its university system that promotes innovation, but also provides technology to other industries, for example the agriculture sector,” said Russ.

. . . .

https://www.courthousenews.com/california-passes-uk-to-become-worlds-5th-largest-economy/

Why did Giuliani make Trump responsible for paying for Stormy Daniels'

NDA? Here's a theory.

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