California overtakes France as the 6th largest economy

[mbrown2]

Hmm.....weather's great, traffic sux...



http://www.bloomberg.com/politics/a...rtakes-france-to-become-sixth-largest-economy


California has overtaken France as the world?s sixth-largest economy, fueled by strong growth and the U.S. dollar?s gains against foreign currencies, state data released Tuesday show.
The most-populous U.S. state, with a gross domestic product of $2.5 trillion, has also eclipsed recession-plagued Brazil.
?This is the result of both good growth in California and exchange-rate movements of the U.S. dollar versus other currencies,? said Irena Asmundson, chief economist in the California Department of Finance.



Governor Jerry Brown, 78, is running the state during an economic turnaround driven by technology companies including Facebook Inc. and Apple Inc., along with agricultural and manufacturing industries that lead the U.S. Since taking office in 2011, Brown steered the state away from fiscal turmoil and persistent deficits to budget surpluses.


California grew by 4.1 percent in 2015, compared with a 2.4 percent increase for the U.S. and 1.1 percent for France, Asmundson said.
Last year, California created the most jobs of any state, more than the second- and third-most-populous states Florida and Texas combined. Four of the world?s 10 largest companies are based in California, including Alphabet Inc. and Facebook.

 

[boatnam2]

Hard to believe with all the movers and shakers moving to Lake Havasu, surprised cali didn't fold.

 

[mbrown2]

Hard to believe with all the movers and shakers moving to Lake Havasu, surprised cali didn't fold.

LOL...

 

[SOCALCRICKETT]

That's because of the rediculous taxes in california. With no wife or kids and only a mortgage I get hit real hard. I can't blame others for running from the state, I'm ready to bail too

 

[shintoooo]

Cali is closed

 

[DaveC]

It is because of Tech and they are going strong. :thumbsup Most large Tech brands are located in California. Smaller and startup tech brands also. Biotech too.

Tech $$ is driving our entire regions housing market to stupid levels with no sign of slowing down. They are even displacing some people in the hood in SF.:eek

While others are having a hard time or leaving the state, the tech guys are printing money and hiring.

If it wasn't for the fact this state is run by Socialists we would be #2 on that list ahead of Germany. cool

 

[MSum661]

Please keep it Fluffed up. Just need a little more time.

 

[wsuwrhr]

Hard to believe with all the movers and shakers moving to Lake Havasu, surprised cali didn't fold.

Yep, I got to say the same thing....

Show me the money.

 

[DaveC]

Apple has more money in petty cash than most countries have in their budget for the entire year.

 

[Tank]

And the states a complete cluster fuck financially and politically.

 

[C-2]

Hard to believe with all the movers and shakers moving to Lake Havasu, surprised cali didn't fold.

Lol :thumbsup

 

[C-2]

That's the part I've never understood about all the haters and people wanting to bail. Within the most populous state is opportunity. People need things - figure out what they need and you're golden. :thumbsup

 

[Flying_Lavey]

That's the part I've never understood about all the haters and people wanting to bail. Within the most populous state is opportunity. People need things - figure out what they need and you're golden. :thumbsup

Exactly. People will always need to keep their food cold. That's why I'm in a great industry here in Cali. Although the central coast is about the only area in the state I'd live.

 

[pronstar]

It is because of Tech and they are going strong. :thumbsup Most large Tech brands are located in California. Smaller and startup tech brands also. Biotech too.

Tech $$ is driving our entire regions housing market to stupid levels with no sign of slowing down. They are even displacing some people in the hood in SF.:eek

While others are having a hard time or leaving the state, the tech guys are printing money and hiring.

If it wasn't for the fact this state is run by Socialists we would be #2 on that list ahead of Germany. cool

Silicon Valley and limousine libs also also drive CA politics.

 

[TCHB]

Hard to believe with all the movers and shakers moving to Lake Havasu, surprised cali didn't fold.

Old movers and shakers!

 

[DaveC]

They pay cash too. Not worried about the deduction either. :rolleyes

It is just business.

Most VC firms bankroll the campaigns to lobby to get what they want. It is therefore vital to know what they want in order to capitalize on it.

If I don't agree with with it, the least I can do is capitalize on it. :cool

Silicon Valley and limousine libs also also drive CA politics.

 

[236eagledave]

Just wait till they have to start funding those fat pensions they gave all those public employees.

 

[C-2]

Uh oh, what happens then?

 

[wsuwrhr]

That's the part I've never understood about all the haters and people wanting to bail. Within the most populous state is opportunity. People need things - figure out what they need and you're golden. :thumbsup

Really C-2?

 

[cicchetti_24]

Let's not forget the film industry is booming as well.

My studio friends are busy busy busy

 

[bocco]

Plus we don't have alligators and only one poisonous snake.

 

[mbrown2]

Just wait till they have to start funding those fat pensions they gave all those public employees.

Like that is not happening now? We just won the prescription business for Calpers and the Employment Retirement System of Texas ....

That is 486K fed folks in Cali.....and 520K Fed workers in Texas..... Cali is not the only state carrying high number of fed workers...Texas is paying for the same and check your property and school taxes there to see what you are paying for....yeah, no state tax but they are paying for these people in other ways...large populous states have large pools of fed workers and associated retirement plans...

 

[C-2]

Really C-2?

That would be yes. I'm happy, my family is happy, are we doing something wrong, what am I missing?

 

[pronstar]

Let's not forget the film industry is booming as well.

My studio friends are busy busy busy

Studios are busy, but they've also gotten much smaller.

http://www.dailynews.com/arts-and-e...es-for-film-production-but-loses-market-share

For the second year in a row, California is the top state in the nation for film production. But the share of movies being shot in the Golden State fell from 21 percent in 2014 to 17 percent last year, a new study found.

Nineteen out of 109 movies released by major U.S. film companies in 2015 were produced primarily in California, according to FilmL.A., the film office for the greater Los Angeles region.

Among the 19 films were "Straight Outta Compton," "Entourage" and "The Wedding Ringer."

But California faced competition from the United Kingdom with 15 projects. Georgia and Louisiana were next with 12 projects each and Canada followed with 11.

 

[cicchetti_24]

Studios are busy, but they've also gotten much smaller.

http://www.dailynews.com/arts-and-e...es-for-film-production-but-loses-market-share

For the second year in a row, California is the top state in the nation for film production. But the share of movies being shot in the Golden State fell from 21 percent in 2014 to 17 percent last year, a new study found.

Nineteen out of 109 movies released by major U.S. film companies in 2015 were produced primarily in California, according to FilmL.A., the film office for the greater Los Angeles region.

Among the 19 films were "Straight Outta Compton," "Entourage" and "The Wedding Ringer."

But California faced competition from the United Kingdom with 15 projects. Georgia and Louisiana were next with 12 projects each and Canada followed with 11.

What about TV shows?

 

[pronstar]

What about TV shows?

It's a mix. Lots of TV production still happens here, but also elsewhere.

Big 3 major network programming mostly films in SoCal, but also in Canada and the U.K. Other productions happen all over the place.

But there's has been steady erosion that's starting to add up:
http://www.ibtimes.com/nyc-new-holl...ars-tv-pilots-were-filmed-los-angeles-1999908

 

[regor]

The ONLY reason it's that large is the weather. You know it, they know it and I know it!

If it weren't for that, this state would crush Illinois as the worst state in the union.

Party on Tards!!!!!! :thumbsup

 

[Advantage 1]

That's the part I've never understood about all the haters and people wanting to bail. Within the most populous state is opportunity. People need things - figure out what they need and you're golden. :thumbsup

Real Estate (apartment development) is back. We have a solid 8 year pipeline :thumbsup

 

[C-2]

The ONLY reason it's that large is the weather. You know it, they know it and I know it!

You forgot about the no alligators and only one poisonous snake.

So there's 3 :champagne:

 

[pronstar]

The ONLY reason it's that large is the weather. You know it, they know it and I know it!

If it weren't for that, this state would crush Illinois as the worst state in the union.

Party on Tards!!!!!! :thumbsup

Biggest reason:
They're already here, and have established facilities and support pipelines

 

[regor]

You forgot about the no alligators and only one poisonous snake.

So there's 3 :champagne:

I can't argue with that one C-2!

 

[C-2]

Real Estate (apartment development) is back. We have a solid 8 year pipeline :thumbsup

Gotta have some place for all the people leaving to go!

Hey, wait a minute...

 

[Bobby V]

You forgot about the no alligators and only one poisonous snake.

So there's 3 :champagne:

We are also a right to work state. #4.. :skull


regor...:fingers:

 

[236eagledave]

Uh oh, what happens then?

Taxes go up again.

You have one of those pensions by chance?

 

[C-2]

Taxes go up again.

You have one of those pensions by chance?

Nah, I wish. 20 years self-employed.

Reflecting back on it, sure wish I hadn't bought into all the hyperbole about Cali being forked...30 years ago.

 

[2Driver]

LOL I'd prefer to live in a state thats the 6th smallest.

 

[regor]

We are also a right to work state. #4.. :skull


regor...:fingers:

Really? :smackhead

It's another "thank God for the union" moment! :thumbsup

 

[brgrcru]

No matter how. With all the bullshit government can throw and regulate and take from the working class. Americans find ways to become prosperous. Thank goodness for capitalism !!

 

[mbrown2]

LOL I'd prefer to live in a state thats the 6th smallest.

That would be Alaska...get your jacket and snowboots ready!

 

[MSum661]

Taxes go up again.

Haven't gone up Big Big Big...yet.

http://www.ocregister.com/articles/pension-709733-government-unfunded.html

 

[2Driver]

That would be Alaska...get your jacket and snowboots ready!

BVI , Wyoming, Idaho, eastern Oregon. Lots of options

 

[dezrtracer]

Studios are busy, but they've also gotten much smaller.

http://www.dailynews.com/arts-and-e...es-for-film-production-but-loses-market-share

For the second year in a row, California is the top state in the nation for film production. But the share of movies being shot in the Golden State fell from 21 percent in 2014 to 17 percent last year, a new study found.

Nineteen out of 109 movies released by major U.S. film companies in 2015 were produced primarily in California, according to FilmL.A., the film office for the greater Los Angeles region.

Among the 19 films were "Straight Outta Compton," "Entourage" and "The Wedding Ringer."

But California faced competition from the United Kingdom with 15 projects. Georgia and Louisiana were next with 12 projects each and Canada followed with 11.

I've been a studio grip for years seen Movies and TV come and go with the Tax Breaks handed out . Worked out of state for years doing movies in those tax break states too . I've been lucky to always stay working in this trade unlike a lot of people . Now that Cali has joined in on the tax rebate deal and some states/countries either cut the tax rebate rate or lost the tax breaks it's picking up again in Cali even though it's mostly TV but , it's nice to be home . Wish the big budget movies would come back man those were the good ol days . Well I'm locked in here in Cali for 8-10 more till I can retire and I might just stay cause I like it here ....

Lyn