| Forum Home | ||||
| PC World Chat | ||||
| Thread ID: 101046 | 2009-06-29 23:08:00 | I've Changed My Mind (Or What I have Left Of It Anyway!) | SurferJoe46 (51) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 787188 | 2009-06-29 23:08:00 | I used to tell youse guys that - like it or not - the US dictates a lot of the economic and socio-environmental activities for the rest of the primary world . I consider Upsidedown Land and it's neighboring Western dingoe'd island nation as part of that equation - but now I offer a caveat: California is a much larger decider of things ecological and/or monetary and social than the US alone can influence . I cite the following: Ailing Calif . economy could prolong US recession By JULIET WILLIAMS - Associated Press Writer SACRAMENTO, Calif . (AP) -- California faces a $24 billion ($3,841,667,087 NZD) budget shortfall, an eye-popping amount that dwarfs many states' entire annual spending plans . Beyond California's borders, why should anyone care that the home of Google and the Disney Mouse Factory might stop paying its bills this week? Virtually all states are suffering in the recession, some worse than California . But none has the economic horsepower of the world's eighth-largest economy, home to one in eight Americans (app 12 . 5%) . California also accounts for about 12 percent of the nation's gross domestic product and has the the largest share of retail sales of any state . It also sends far more in tax revenue to the federal government than it receives - giving a dollar for every 80 cents it gets back - which means Californians are keeping social programs afloat across the country . While the deficit only affects the state, California's deepening economic malaise could make it harder for the entire nation's economy to recover . When the state stumbles, its sheer size - 38 . 3 million people - creates fallout for businesses from Texas to Michigan, from England to Taiwan . "California is the key catalyst for U . S . retail sales not to mention international top-down supply-sided economics, and if California falls further you will see the U . S . and world economies suffer significantly," said retail consultant Burt P . Flickinger, managing director of Strategic Resource Group . He warned of more bankruptcies of national retail chains and brand suppliers and losses too great to enumerate also in foreign markets where US food quality and in-demand products are on the shelves and in the markets . Major branded retailers (McDonalds, Sears, Pepsi and Coca Cola for instance), will suffer from shipping insolvencies and absurd monetary exchange rates of smaller second- and third-world countries that don't suffer so much because of their current internal poverty that has and still exists in their mostly agrarian societies . Sorry, but I had nothing to do with it . |
SurferJoe46 (51) | ||
| 787189 | 2009-06-30 00:17:00 | Don't try and wriggle out of it Joe, you live there and are therefore part of the economy :D | seltsam (13470) | ||
| 787190 | 2009-06-30 00:54:00 | How did you arrive at USD 24bn being the same thing as NZD 3.8bn? Try this (current exchange rate according to Google): 24 billion U.S. dollars = 36.8493782 billion New Zealand dollars |
Erayd (23) | ||
| 787191 | 2009-06-30 01:13:00 | Decimal point one place too far to the left, I think, Erayd... Maybe that's why California is in the financial state it's in - they are bad at maths. |
johcar (6283) | ||
| 787192 | 2009-06-30 01:16:00 | I'd say Arnie would be better with a crowbar than with a calculator. | wratterus (105) | ||
| 787193 | 2009-06-30 03:21:00 | Ok Ok I trusted a site to compute it for me and I put the decimal in the wrong place . My heart was in it though, and I find it terrifically enlightening that the messenger gets shot in the posterior, but somehow the message gets lost in the hubub . I was just pointing out the (here comes a new word) arcanity of it all . And ----- living here is just an accident of birth . I, however, remain ambivalent to it all just as a reporter should be far removed from agendas and proscriptions . :sleep SOME - however report what they see, others see what they report . I know the distinction may sometimes blur, but there is a fine point there . |
SurferJoe46 (51) | ||
| 787194 | 2009-06-30 04:33:00 | So what you're saying Joe, is that, since California generates/stimulates a high proportion of the US economy, the fact that California is going broke has serious implications not only for California, but also the economic recovery of rest of the US and also the world... The message didn't get lost... :) |
johcar (6283) | ||
| 787195 | 2009-06-30 04:44:00 | I'd say Arnie would be better with a crowbar than with a calculator. Yep = His job is to lead not to read :lol: |
Gobe1 (6290) | ||
| 787196 | 2009-06-30 04:51:00 | he'll have to go back to making family comedies. he must miss danny da vito |
GameJunkie (72) | ||
| 787197 | 2009-06-30 04:54:00 | He cant be the first man to have a baby anymore....Haw Haw | Gobe1 (6290) | ||
| 1 2 | |||||