That is a Grizzly Bear not a Russian bear (Brown Bear).
November 16, 2017
By Niall McCarthy
...According to the Bureau of Economic Analysis, (click here) California is the 6th largest economy in the world. In 2015, its economic output reached $2.46 trillion, surpassing France. Only the United States, China, Japan, Germany and the United Kingdom are able to boast a higher GDP than the Golden State....
California is making America great again!
June 6, 2016
By Matthew Winkler
...California last year created the most jobs of any state, 483,000, more than the second- and third-most-populous states Florida and Texas combined (they added 257,900 and 175,700) and at a faster rate than any of the world's developed economies. The pace of employment growth was almost triple the rate of job creation for the 19 countries that make up the euro zone and more than 3.5 times that of Japan, according to data compiled by Bloomberg.
The high taxes and ubiquitous regulation critics cite when assailing Golden State government are proving no impediment to business and investment. They may even be a benefit, as public policy and people's preferences converge. Four of the world's 10 largest companies are based in California. Two of them -- Alphabet and Facebook -- were conceived in the past 18 years. San Francisco-based Wells Fargo, the world's largest bank by market capitalization, routinely outperforms any of its peers from Wall Street.
California produces almost all of the country's almonds, apricots, dates, figs, kiwifruit, nectarines, olives, pistachios, prunes and walnuts among dozens of crops that make it No. 1 in the U.S., with an equivalent GDP from agriculture, forestry and hunting totaling more than $37.7 billion, dwarfing No. 2 Iowa's $12.1 billion, according to data compiled by Bloomberg. No state comes close to California in manufacturing totaling $255.6 billion. Texas is next with $239.1 billion. The trailing 12-month revenue from California technology companies totaled $732 billion, or 53 percent of all tech revenues in the U.S. ...
...The 482 companies in the Russell 3000, which are based in California, produced a total return of 144 percent during the past five years, easily beating the 114 percent return for non-California companies during the same period....
With a population approaching 40 million, California is known for its diversity. But it's not just the people; the industries are diverse as well....In contrast, more than 60 percent of the largest publicly traded Texas firms are tied to oil and gas....
...No state comes close to California in recognizing the peril of global warming and addressing it with policies that expand the opportunity to develop clean or alternative energy. Among the 127 North American companies in the Bloomberg Americas Clean Energy Index, 26 are based in California, with average revenue growth of 11 percent -- 2 percent more than the average for the rest of the sector across the continent. Texas has three companies in the group, with revenue growth of 2 percent. During the past 12 months, the clean energy companies based in California spent an average 25 percent of their revenue on research and development and a median of 16 percent. Non-California firms spent an average of 13 percent and a median of 1 percent.
The payoff for investors owning the shares of California clean energy companies is huge compared with returns from similar firms outside the state: An average gross margin of 42 percent, turning $100 of sales into $42 gross profit compared to a gross margin of 31 percent for non-California clean energy during the past 12 months. Analysts also say the shares of the California clean energy companies will gain 40 percent during the next 12 months compared with a predicted 23 percent for the non-California firms.
California's outstanding performance across so many metrics isn't a fluke -- if you ask Jerry Brown, the longest-serving governor of the state, now in his fourth term....
The California is not simply about governing Democratic principles and morals, it is about GETTING IT RIGHT.
Real Median Household Income in California (click here)
|2015||1 Year Change||3 Year Change|
Techys are nerds, they aren't died in the wool oppressors as Christian Conservatives are. Techys are from the culture that respects diversity while being respected as well. They 'live the life' and not just talk about it.
It all works. All of it.