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California now world's 5th largest economy, surpassing UK
Posted on 5/5/18 at 6:19 am
Posted on 5/5/18 at 6:19 am
LINK
quote:
SACRAMENTO, Calif. (AP) -- California's economy has surpassed that of the United Kingdom to become the world's fifth largest, according to new federal data made public Friday.
California's gross domestic product rose by $127 billion from 2016 to 2017, surpassing $2.7 trillion, the data said. Meanwhile, the UK's economic output slightly shrunk over that time when measured in U.S. dollars, due in part to exchange rate fluctuations.
The data demonstrate the sheer immensity of California's economy, home to nearly 40 million people, a thriving technology sector in Silicon Valley, the world's entertainment capital in Hollywood and the nation's salad bowl in the Central Valley agricultural heartland. It also reflects a substantial turnaround since the Great Recession.
"We have the entrepreneurial spirit in the state, and that attracts a lot of talent and money," said Sung Won Sohn, an economics professor at California State University Channel Islands. "And that's why, despite high taxes and cumbersome government regulations, more people are coming into the state to join the parade."
Posted on 5/5/18 at 6:20 am to Phat Phil
CalExit is coming soon baws
Posted on 5/5/18 at 6:54 am to DustyDinkleman
They rely on a large amount (33%) of their electricity from surrounding states. If they exit I hope some redneck cuts the lines immediately. There would be mass panic. They live in a bubble out there thinking they are the shite. Can you imagine if 33% of the population suddenly no longer had electricity? It would be a mutiny of epic proportions.
This post was edited on 5/5/18 at 8:08 am
Posted on 5/5/18 at 7:00 am to Phat Phil
quote:
California now world's 5th largest economy, surpassing UK
Dope growing business in the Bluegrass state on the decline?
Posted on 5/5/18 at 7:03 am to Phat Phil
And yet no drinking water.
Posted on 5/5/18 at 7:07 am to DustyDinkleman
quote:
CalExit is coming soon baws
Posted on 5/5/18 at 8:20 am to Phat Phil
quote:
fluctuations
Oh yeah? Well, fluc you Amelicans too!
Posted on 5/5/18 at 8:26 am to kywildcatfanone
quote:
And yet no drinking water.
I'm confused as to what this wet substance coming out of my faucets is...maybe you could clear that up. ThxIA.
Posted on 5/5/18 at 8:27 am to Passing Wind
quote:
They rely on a large amount (33%) of their electricity from surrounding states. If they exit I hope some redneck cuts the lines immediately. There would be mass panic. They live in a bubble out there thinking they are the shite. Can you imagine if 33% of the population suddenly no longer had electricity? It would be a mutiny of epic proportions.
They also produce a lot of the food that other Americans eat
shite works both ways
Posted on 5/5/18 at 8:46 am to Powerman
quote:
shite works both ways
I mean seriously.
Why would we want $2.7 trillion to just dissapear from our economy?
Posted on 5/5/18 at 8:47 am to meaux5
quote:
I mean seriously.
Why would we want $2.7 trillion to just dissapear from our economy?
I have no idea
It's completely moronic
Posted on 5/5/18 at 8:47 am to Powerman
Seems like a lot of haters of Cali. Why the frick do you people hate capitalism?
Posted on 5/5/18 at 8:49 am to DustyDinkleman
quote:
CalExit is coming soon baws
SoCalExit from that shitehole NorCal
Posted on 5/5/18 at 8:56 am to Powerman
The baws on this website just can't see past liberals this liberals that yaw yaw blah blah
Are there crazies in California? I'll be the first to agree. In a state of 40 million people it's bound to happen.
Are there crazies in California? I'll be the first to agree. In a state of 40 million people it's bound to happen.
This post was edited on 5/5/18 at 8:57 am
Posted on 5/5/18 at 8:56 am to meaux5
quote:
Why would we want $2.7 trillion to just dissapear from our economy?
Because they heard a liberal homo lives there.
Posted on 5/5/18 at 8:58 am to Passing Wind
I wish that would happen. Let Nevada keep all the electricity and maybe Lake Mead would get it's water levels back up
Posted on 5/5/18 at 8:59 am to Powerman
What always amuses me is that many of the people that trash Cali....still live in Louisiana.
Posted on 5/5/18 at 9:00 am to meaux5
They get mad because they disagree with a handful of loudmouth extreme leftist in Hollywood. It’s a fricking nice state overall. ITS OK FOR PEOPLE TO DISAGREE WITH YOU AND LIVE HOW THEY CHOOSE.
Posted on 5/5/18 at 9:01 am to Phat Phil
Their spirit may be capitalistic, but their politics are not and eventually it will catch up to them. It always does.
You can only help out so many freeloaders and saddle productive workers with so much dead weight.
You can only help out so many freeloaders and saddle productive workers with so much dead weight.
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