Category Archives: California

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What A Puplic Bank Could Mean For California

What A Puplic Bank Could Mean For California
Above Photo: Flickr/ Images Money California is the eighth largest economy in the world, and it has a debt burden to match. It has outstanding general obligation bonds and revenue bonds of $158 billion, largely incurred for infrastructure. Of this tab, $70 billion is just for interest. Over $7 billion of California’s annual budget goes to pay interest on the state’s debt. As large as California’s liabilities are, they are exceeded by its ... Read more

Study: Legal Pot Will Boost California Economy By $5 Billion

Study: Legal Pot Will Boost California Economy By $5 Billion
Above Photo: California grower Adrian Shareve Getty Legalising marijuana will boost California’s economy by $5 billion, study finds The economy of California – poised to create a market for legal marijuana – could see its economy boosted by as much as $5bn, according to a new study. The report by the University of California Agricultural Issues Centre, says that the legalisation of the drug will provide the state a further reason ... Read more