07-04-2009
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Secretary of State
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Member Since: Jun 2006
Location: US, California - federalist
Posts: 5,339
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Re: California just lost another 8 billion due to 'recession'
Quote:
California is home to several significant economic regions. These include:
* Hollywood (entertainment)
* The California Central Valley (agriculture)
* Silicon Valley (computers and high tech)
* Wine producing regions such as the Napa Valley, Sonoma Valley and Southern California's Santa Barbara, and Paso Robles areas
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California has historically derived significant revenue from international trade and tourism. However, the state's share of America's merchandise export trade has been steadily shrinking since 2000, from 15.4% to 11.1% in 2008. [2][3] The exports of goods made in California totaled $134 billion in 2007. $48 billion of that total was computers and electronics, followed by transportation, non-electrical machinery, agriculture, and chemicals. California trade and exports translate into high-paying jobs for over one million Californians. According to the U.S. Department of Commerce, Bureau of Economic Analysis, in 2005, foreign-controlled companies employed 542,600 California workers, the most of any state. Major sources of foreign investment in California in 2005 were Japan, the United Kingdom, Switzerland, France, and Germany. Foreign investment in California was responsible for 4.2 percent of the state's total private-industry employment in 2005.[4] Total direct travel spending in California reached $96.7 billion in 2007, a 3.6% increase over the preceding year.[5] Los Angeles County receives the most tourism in the state.[6]
Source: Economy of California - Wikipedia, the free encyclopedia
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We could be upgrading our infrastructure instead of wasting money on an extra-constitutional drug war.
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