When misfortunes multiplied in the course of the coronavirus pandemic, observers seized on a four-letter phrase signaling finish of days for the biggest state with one-eighth the U.S. inhabitants and 14% of its gross home product. “California doom: Staggering $54 billion deficit looms,” the Related Press concluded a yr in the past in Might. “California Is Doomed,” declared Enterprise Insider two months earlier. “Is California doomed to keep burning?” queried the New Republic in October. California is “doomed” due to rising sea ranges, in response to an April EcoNews Report. Bulletins of people leaving the world’s fifth-biggest economy for lower-cost states due to excessive taxes and an excessive amount of regulation stifling enterprise proceed unabated.
Nobody anticipated the most recent knowledge readout exhibiting the Golden State has no friends amongst developed economies for increasing GDP, creating jobs, elevating family revenue, manufacturing development, funding in innovation, producing clear vitality, and unprecedented wealth via its shares and bonds.
Learn the whole thing.
The U.S. Should Become a Nation of Renters — Karl W. Smith
The Real Solar-Panel Price Crisis Hasn’t Begun Yet — David Fickling
Trump’s Final Days Look Increasingly Corrupt — Jonathan Bernstein
Why We Sometimes Die When Trying to Avoid Risk — Allison Schrager
Market Narratives Have Pushed Aside Fundamentals — Barry Ritholtz
Goldman Goes All-In on Florida as Wall Street South — Brian Chappatta
What to Do About Student Debt When Covid Relief Ends — Erin Lowry
Biden Should Cut the Gordian Knot With Turkey — Bloomberg’s editorial board
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