California get bailed out. see D not insisting on state and local support as part of stimulus. so people who were renters still have money to buy. but rental apartments are practically empty.
The tone and the tenor of the article above clearly indicates the state of California has passed the point of no return. The socialist dream in which the California is sought to be shaped will sure leave it as a socialist nightmare. There is no short term solution. I do not see anything good coming out for another decade.
An interesting fact to take note of. Both Texas and California were territory of mexico at some point of time in history. But after being part of the US, the two took different paths.
Some things are irreversible. Like a broken glass. You cannot put the pieces together again. Unless you melt and mold the pieces in a new shape.
Gets bailed out by what? California budget doing well because the stock market is doing great and many Californians made tons of money.
Too bad we keep churning out world beating tech firms and people just canāt stopping buying their shares. Sad. Tell them to switch to buying coal stocks or Russian stocks.
Hereās one stat on the youngest startups. Which of the YCombinatorās latest batch, S20, are hiring?
Hiring means they are expanding and presumably not doing terribly. There are 27 based in San Francisco. Thatās 32% out of 85 worldwide. If you only count US based, thatās 47% out of a total of 58.
33 based in California, or 57% out of US total. Only one in Texas.
Now YC is based in SF so thatās no doubt biased. On the other hand they are the most prestigious and most famous incubator and attract applications from all over the world, so their stat still carries some weight.
My second cousin, a struggling actor in LA, just left after spending the day seeing the Mogollon Rim. On his way home to New Jersey for the holidays. Know who else is fleeing CA for TX? Stand up comics. Political correctness and the Cancel Culture have made it impossible for them to be funny in LA.
So TX may not get any innovative business but at least it will get some good comedy.
I hate these.
Why canāt I say Merry Christmas even though I am not a Christian?
Why canāt I assume all mothers and wives are women?
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I have a Hungarian surname so long it contains one third of the alphabet. Iāve heard it butchered ten ways from Sunday in my lifetime. Yet Iām supposed to walk on eggshells around people afraid I might use the wrong personal pronoun.
[quote=āmanch, post:346, topic:2028ā]
Gets bailed out by what? California budget doing well because the stock market is doing great and many Californians made tons of money.[/quote]
I have no problem with high asset prices provided it is based on reality. In this case it seems its paying for VC and wealthy people investments to exit California. for example Tesla will not pay a week salary for production workers in Fremont but it will spend billions on outside California factories. similar situation with so many others that shifting headquarters. Even Oracle stock is at recent all time high.
high Stock prices are accelerating exodus to bitcoin and foreign currencies and bringing down foreign bond yields. that is accelerating supply chain diversification as much higher amount is spend on skills developments.
what is world beating about these firms except for high valuation? if they are really that usefull. they would not face such massive fines.
Trying to make us laugh? How does the first statement leads to the 2nd statement? Connection?
Make it easy for you. For example, why would massive fines on AppStore practices mean iPhone/Appstore/Apps (not sure which ones you mean) are not that useful?
One of my husbandās cousins faces this issue. He said you used to be able to push boundaries, but now you have to be super careful about what you say. Canāt be funny anymore. This is in Chicago area.
Itās pretty seriousāhe was worried about losing a completely separate acting job if he said something wrong in a gig at a local bar.
That guyās logic is weird and convoluted. His links didnāt even say those firms would be fined. Itās just a piece of proposed legislation that could potentially fine those companies, if they violated those yet-to-be-implemented rules.
If anything it says the exact opposite, that these American firms are so important and have so much power in the EU that they are custom making laws just to rein them in.