Unlike wealthier state residents who more easily can afford the new, often more comprehensive plans, or lower-income people aided by government subsidies, the LaPollas are part of a sizable segment of Californians slowly coming to grips with dedicating a greater percentage of their income to new policies.
In my recent op-ed entitled “Gone to Texas,” I discuss possible reasons for the large number of people who are migrating from California to Texas and why these numbers should be adjusted for population differences.
Texas experienced stronger job growth than the rest of the nation from 2000 to 2013, according to the Federal Reserve Bank of Dallas. Not only that, a pair of researchers note in a Thursday research publication, but Texas leads the nation in creation of jobs at all pay levels, too.
After a six-month streak of robust, often double-digit growth, California’s export trade slowed considerably in January, edging ahead just 2.1% over the same month a year earlier, according to a Beacon Economics’ analysis of foreign trade data released this morning by the U.S. Commerce Department.
The Palo Alto electric car maker’s Model S sedan is the state’s new eco-luxury status symbol. Californians bought more than a third of Teslas sold globally last year. Residents of the state pack the order list for Tesla’s next offering, a sport utility vehicle.
California pollution-control policies enable Tesla to rake in tens of millions of dollars each year from selling environmental credits to other automakers — a key source of Tesla’s revenue.
When it comes to building a $4-billion to $5-billion battery factory that will employ 6,500 workers, Tesla is shunning the Golden State.
Job growth picked up in February as many employers shrugged off snowstorms and bitter cold across much of the U.S., suggesting resilience in the labor market that should allow the Federal Reserve to continue rolling back its bond-buying program.
California appeared to go in the opposite direction of the national economy in January, shedding a net 31,600 jobs that month, the state’s Employment Development Department reported Friday.
While lawmakers begin discussing ways to fix California’s cash-strapped teacher pension system, another long-term financial problem continues to fester.
California had 777,624 households with at least $1 million in assets in 2013, up from 750,686 in 2011, according to Rhinebeck, New York-based Phoenix Marketing. The Golden State had 1.9 million households that used food stamps in 2013, up from 1.6 million in 2011, according to Agriculture Department data.
Over the past 15 years, the state’s share as a filming location of the top 25 live-action films significantly dropped to 8 percent last year from 64 percent, illustrating the effect of runaway production. Including animated films, California’s market share of the top 25 films was 24 percent.
MOUNTAIN VIEW – Governor Edmund G. Brown Jr. and Israeli Prime Minister Benjamin Netanyahu today signed a broad agreement to develop joint projects and conduct mutually beneficial research in California and Israel.
In a far-ranging assessment of how much California pays its help, a nonpartisan report on Tuesday said the state government will spend a half-billion dollars more on employee compensation next year, but most workers’ take-home wages will continue to lag behind inflation.
Gas prices continue to shoot up in the Sacramento region. The average price of a gallon of regular gas is $3.674, compared to $3.584 a week ago, according to the AAA Fuel Gauge Report.
States withdraw money from budget stabilization funds primarily to counter unexpected drops in revenue. Pew research has found, however, that most states do not consider revenue fluctuations in determining how and when to deposit money into their reserve funds. According to “Managing Uncertainty,” Pew’s report on strategies to smooth revenue volatility, only a dozen states, including Massachusetts, Texas, Virginia, and Utah, link deposits directly to unexpected surges in volatile tax streams. California could join this list of states if Gov. Brown’s proposal passes.
The decisions made in all of the areas discussed in this analysis could result in changes to the six states’ demographics and economy, both initially and over time. For example, differing policies could result in migration or different settlement patterns initially. Over the longer term, the states’ economic development and other policies could alter their respective economies. The exact nature of these changes, both initially and over time, is unknown.