The latest on California politics and government
September 28, 2012
The economies of 36 states, including California, “showed signs of worsening” during the second quarter of this year, according to the Bloomberg Economic Evaluation of States.
Ironically, the on-line article by the international economic reporting organization was published just as California was hit with two major corporate pullbacks.
Comcast announced that it was shutting down its California call centers and Campbell Soups said it was closing its Sacramento plant.
Initially, Comcast cited the state’s hostile business climate, but after politicians, including Gov. Jerry Brown, protested, the firm changed its stance. Brown has been touting employment gains and other positive economic news of late, and bad news is widely seen as a negative factor for the multi-billion-dollar tax increase, Proposition 30, that Brown and other Democratic politicians are hoping voters will endorse in November.
To read entire story, click here.