[Source: CALMatters / Dan Walters] The COVID-19 pandemic and the severe economic recession it induced are disasters unparalleled in recent generations and it will take years to fully recover from their human and financial tolls. Already, however, they are spawning legal and political conflicts, over whom, if anyone, should be accountable for their impacts. There Read More…
Tag: recession
Downturn looms as leadership test for California, world’s 5th largest economy
[Source: The New York Times] It has the highest concentration of billionaires in the country. It exports more computers than any other state. It is the nation’s largest producer of agriculture products by far: More than $6 billion in dairy products alone last year. California is an economic powerhouse — now the fifth largest economy Read More…
Don’t let 5% unemployment fool you about California’s economic health
[Source: Real Clear Markets] “It’s the economy, stupid,” – now an iconic political statement, in many ways sums up decades of political science research showing that voters care about the current state and prospects of their pocketbooks. Of course, local, state, national, and even occasionally, international issues flare up and matter, but on a whole, Read More…
U.S. states where recession is a reality
[Source: Bloomberg Business] Dale Oxley doesn’t need to hear about rising odds of a U.S. recession to dread the future. For the West Virginia homebuilder, the downturn has already arrived. “Everyone is going to have to tighten their belts,” said Oxley, the 48-year-old owner of a Charleston-area construction company. “The next couple of years are Read More…