California economy – California Globe

Gov. Gavin Newsom’s Delusion: California’s ‘Golden Economy’

September 14, 2024 7:06 amSeptember 15, 2024 10:54 am

Gavin Newsom claimed in July that California simply has no peers, across the spectrum. The Globe reported on Newsom’s conceited email in which he listed the Orwellian “Ten Ways California Leads the Nation.” California may be leading the nation – off...

Orwellian: Gavin Newsom’s ’10 Ways California Leads the Nation’

July 19, 2024 2:45 amJuly 19, 2024 7:32 am

Gavin Newsom claims California simply has no peers, across the spectrum. Newsom claims in an email Thursday: California has a “Golden economy” despite having a record $45 to $73 billion budget deficit and more than $1.5 trillion in unfunded public...

California Retains Title As World’s 5th Largest Economy

April 18, 2024 2:22 amApril 18, 2024 2:23 am

According to a new report by the International Monetary Fund (IMF) this week, California remains the world’s 5th largest economy, leading sixth place India and falling under fourth-place Japan. The 2024 World Economic Growth Projects Report found that the United...

More Layoffs Coming in California’s Insurance Industry Without Reform

September 12, 2023 2:54 pmSeptember 12, 2023 2:54 pm

San Francisco might not be the only California colossus in a so-called “doom loop.” The property and casualty insurance market is experiencing a crisis of its own, and the consequences are dire for the entire state economy. Here’s one recent...

GLOBE EXCLUSIVE – EDD Has Paid Billions to Feds in Interest Alone

December 3, 2022 7:52 amDecember 3, 2022 8:14 am

Since 1990, California’s unemployment agency – the EDD – has paid the feds $1,793,665,930 in interest alone to help keep its doors open and claimants paid. That approximately $1.8 billion dollar figure does not include what the state currently owes in...

Pelosi Calls Newsom ‘Great Governor,’ Says She Has Her ‘Own Operation’ To Defeat Recall

August 14, 2021 8:50 amAugust 18, 2021 10:30 am

Joe and Kamala are going to be campaigning for beleaguered California Governor Gavin Newsom, who is facing a contentious recall election next month. Now House Speaker Nancy Pelosi says she has “[her] own operation” to defeat the recall effort. The...

Is California Really ‘Roaring Back’ or Limping Along?

June 19, 2021 10:24 amJune 24, 2021 6:42 am

“California continues to lead the nation’s economic recovery, adding 104,500 jobs in May, marking the fourth month in a row of six-figure job creation,” California Gov. Gavin Newsom said in a statement Friday. Wow! Shazam! Pow! Relief! Whew! The California...