California’s fourth-ranked economy is also tops in unemployment, poverty and deficits

Newsom’s new budget shows blue state model is failing

Gov. Gavin Newsom (D-CA) may claim President Donald Trump’s tariffs are to blame for the state’s budget woes, but a quick look back shows spending has exploded under Newsom’s watch, and the state has very little to show for it. “California is under assault,” Newsom claimed at a press conference Wednesday, “because we have a president that’s been reckless in terms of assaulting those growth engines and has created a climate of deep uncertainty. T…

California is world’s No. 4 economy. How do other states rank?

California is not the only state economy that’s a business powerhouse on a global scale. The state’s businesses produced $4.1 trillion worth of goods and services in 2024, according to gross domestic product estimates from the U.S. Bureau of Economic Analysis. GDP is a broad measure of economic output. Not only was that the nation’s largest, but only three nations produced more, according to 2024 GDP stats from the International Monetary Fund. T…

California’s fourth-ranked economy is also tops in unemployment, poverty and deficits

Dan Walters Commentary: The underlying discrepancy between income and outgo is important to remember, because when Newsom unveils his revised budget he’s likely to cite the Los Angeles wildfires and Trump’s tariffs as factors in the budget’s gap.

California's fourth-ranked economy is also tops in unemployment, poverty and deficits

California’s budget is unhealthy, and its unemployment and poverty are high, even as the state’s economy continues to grow.

Nigeria Needs a Diplomatic Hub In California, World’s 4th Largest Economy

May 11, (THEWILL) – California, with a $4.103 trillion economy that outstrips Japan and closes in on Germany for the world’s third largest economy spot, powers global innovation, entertainment, and agriculture from Los Angeles and San Francisco areas. Yet Nigeria, Africa’s most populous and endowed country, has no high commission or trade mission in this

Milestones – Another Picture - Opinion - The Silicon Valley Voice

California is touted now as the nation’s largest economy and also the most populous state. If you look at the headlines, you would think our state is booming. Is doing well good enough? When you read the fine print of the state budget, it has ballooned to a whopping 300 billion dollars. Governor Gavin Newsom is proud that his state will show a deficit this year of ONLY 2 billion. Imagine that! Being thrilled with a small deficit of 2 billion dol…