Is California shooting its feet? Or economic suicide?

It is more fun criticizing

No longer a Golden State?    Politicians sticking their fingers into the pie.

50% income tax?   Businesses leaving in droves.   Aside from rise in crimes.  Rise in homelessness

To top it all with anti business policy.   

What is the culprit?  Politics -  crazy restriction on homebuilding, cars, on business.  

Result:

1.  Unaffordable housing

2.  One of highest unemployment rate -  5.6%

 

Karma, comeuppance for China

It is more fun criticizing

That China has been experiencing the following:

1  Dire economic situation (defaults failed projects in their provinces)

2. Exodus of big name companies from China as manufacturing base;

3.  The high rate of covid infection in all of China

may be viewed as a karma comeuppance for their imperialistic moves in the Philippines -  setting up of bases in islands in WPS, driving away our fishermen in our own territory.

May God bless them and make them realize that they have been making mistakes