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Blown 472
12-31-2003, 01:51 PM
I had read somewhere that it is the 7th biggest economy in the world, how is that possible? is it the shear number of people or what?

BUSTI
12-31-2003, 02:36 PM
Good questiopn Blown! Yes the size of the population has alot to do with it but there are other very sinificant factors unique to california that makes it such an economic powerhouse.
Ffirst of all this state has an enormous agricultural business that has been virtualy recession proof over the last 50 years. californis farmers ship more produce per year through ou the country and for tht matter the world...than any other region on the planet! Thats right the california farmer lands of the Central Valley and the Imperial Valley grow more crops than any othe region in the world!!!
Why? Primarily because we can grow more crops per year than most regions because we water is plenty full. wev artificially irragate with water from the colorado river through out the eastern areas of riverside and imperialm valley areas. and from the irragation net work in norcal and the water availabilty to the central valley areas. Even LA, Orange and ventura counties have a huge agrow business infrastructure. And because of willingness to employ science and chemical assistance California just grows more food than any body. Including all types and it is in demand all over the world.
An other reason is that the west has had an emormous steady population migration for fifty years. that along with other factors has created a real estate industry that has had for the most part the longest steadiest growth period than anyother region in the country. people have enjoyed greater inflation of their equity in ca real estae than any whwere else in the world over a longer period than any other area.
Whether your a commercial investor or a residential home owner...your property has grown more valuable in California than any where in the country. what has that ment well..although californians dn't save as much of their income as other people have in other parts of the country..it hasn't mattered cuz in CA we dont save money we just buy the biggest home we can afford monthly and then we just hang on to it and watch it go up in value and make us 100,000's of dollars in just several years.
you cant do that in Fargo ND. So then people either trade up or borrow the equity out of their houses for cars, furniture, tv's, xmas presents and EVEN BOATS AND RV'S! all of this activity fuels the California economy.
Also we have more international ports of entry than any other state. That includes San Francisco, Oakland, Long Beach, San Pedro, and L.A. Harbors. Moving more tonnage combined than any other state in the union. Not including that ca has more international airports than any other state in the union. i cant even name them al!
All this means jobs which means higher wages. Yes the shear size of the state is overwhelming. Now figure in some nitch markets like silicaon valley, hollywood ect and the state has real economic power. also it doesn't hurt having the most moderate weather in the country. Also our Pacific coast line has created an enormous tourist industry! well those are just a few of the reasons not including the oil busivess as well as the military bases..ad it all up and California really is the 7th or 8th largest economy in the world!!!!

SoCalOffshore
12-31-2003, 02:42 PM
After all of that you forgot Silicon Valley with the Technology and Bio Tech, also, don't forget the motion picture and TV industry.

Pointerman
12-31-2003, 02:45 PM
Interesting response, but "Silicon Valley" mentioned as a "niche" market or LA for that matter. The technoligical power and income in California is HUGE. Farming is a large part of the state, but the reason California has such a massive economy is the Tech sector. This is not a "niche" part of the state or the economy.

CA Stu
12-31-2003, 03:00 PM
You know you're in California when......
1. Your coworker has 8 body piercings and none are visible.
2. You make over $300,000 and still can't afford a house.
3. You take a bus and are shocked at two people carrying on a conversation in
English.
4. Your child's 3rd-grade teacher has purple hair, a nose ring, and is named
Breeze.
5. You can't remember...is pot illegal?
6. You've been to a baby shower that has two mothers and a sperm donor.
7. You have a very strong opinion about where your coffee beans are grown, and
you can taste the difference between Sumatran and Ethiopian.
8. You know which restaurant serves the freshest arugula.
9. You can't remember....is pot illegal?
10. A really great parking space can totally move you to tears.
11. A low speed police pursuit will interrupt ANY TV broadcast.
12. Gas costs $1.00 per gallon more than anywhere else in theU.S.
13. A man gets on the bus in full leather regalia and crotchless chaps. You
don't even notice.
14. Unlike back home, the guy at 8:30 a.m. at Starbucks wearing the baseball cap
and sunglasses who looks like George Clooney really IS George Clooney.
15. Your car insurance costs as much as your house payment.
16. Your hairdresser is straight, your plumber is gay, the woman who delivers
your mail is into S &M, and your Mary Kay rep is a guy in drag.
17. You can't remember...is pot illegal?
18. Its barely sprinkling rain and there's a report on every news station:
"STORM WATCH 2003."
19. You have to leave the big company meeting early because Billy Blanks himself
is teaching the 4:00 p.m. Tae Bo class..
20. You pass an elementary school playground and the children are all busy with
their cells or pagers.
21. It's barely sprinkling rain outside, so you leave for work an hour early to
avoid all the weather-related accidents.
22. Hey!!!! Is Pot Illegal????
23. Both you AND your dog have therapists.
24. The Terminator is your governor !!!

little rowe boat
12-31-2003, 04:43 PM
Actually I read something in the Wall Street Journal recently that said California has the 5th largest economy in the world.

Dr. Eagle
12-31-2003, 06:19 PM
I have heard the Cali economy as anywhere from the 4th to the 8th largest economy in the world. I think it depends on who is giving the schpiel and for what reason (i.e. reason for spin).
I would tend to believe it is 7th or less, 4th sounds unbelievable to me. But it is an economic powerhouse, not just in tech, but also one of the largest agricultural exporters in the world. The population of the state is larger than Canadas' population and the economy is far more robust.

Kilrtoy
12-31-2003, 08:21 PM
18. Its barely sprinkling rain and there's a report on every news station:
That was this week....
STORM OF THE CENTURY
and it didnt even rain

MagicMtnDan
01-01-2004, 07:34 AM
The California economy is the fifth largest in the world according to gross domestic product data provided by The World Bank. Gross product is a measure of the output of all goods and services provided by an economy.
1. United States
2. Japan
3. Germany
4. United Kingdom
5. California
6. France
7. China
8. Italy
9. Mexico
10. Spain
Other info:
* California has the largest concentration of biotechnology
companies in the world
* In 2001, California companies exported $67.5 billion worth of high-tech goods last year, 56 percent of everything the state exported, according to a report today from AeA, a high-tech trade group, and the NASDAQ Stock Market.
* An important factor driving California's technology industry is venture capital. California received $42 billion in venture capital investments last year, the nation's top-ranked state by this measure, the AeA report says.
* Research and development is also an important factor for the technology industry. California ranked first in R&D expenditures at $44 billion in 1998.
* Industries in California (in no particular order): entertainment, aerospace/missiles/defense, agriculture, biotechnology, electronics/semiconductors, housing, real estate, tourism
California's 25 Largest PUBLIC Companies
source: http://www.findarticles.com/cf_0/m5072/25_25/105161530/p1/article.jhtml
Rank Firm Stock Ticker
* name Web Address
* address
1 Amgen Inc. AMGN
1 Amgen Center Drive amgen.com
Thousand Oaks 91320
2 Walt Disney Co. DIS
500 S Buena Vista St. disney.com
Burbank 91521
3 Hughes Electronics Corp. GMH
200 N. Sepulveda Blvd. hughes.com
El Segundo 90245
4 Northrop Grumman Corp. NOC
1840 Century Park East northgrum.com
Los Angeles 90067
5 Occidental Petroleum Corp. OXY
10889 Wilshire Blvd. oxy.com
Los Angeles 90024
6 Wellpoint Health Networks Inc. WLP
1 Wellpoint Way wellpoint.com
Westlake Village 91362
7 Countrywide Financial Corp. CFC
4500 Park Granada countrywide.com
Calabasas 91302
8 Mattel Inc. MAT
333 Continental Blvd. mattel.com
El Segundo 90245
9 Unocal Corp. UCL
2141 Rosecrans Ave., unocal.com
Suite 4000
El Segundo 90245
10 Computer Sciences Corp. CSC
2100 E. Grand Ave. csc.com
El Segundo 90245
11 Univision Communications Inc. UVN
1999 Avenue Of The Stars, univision.com
Suite 3050
Los Angeles 90067
12 Avery Dennison Corp. AVY
150 N. Orange Grove Blvd. averydennison.com
Pasadena 91103
13 Edison International EIX
2244 Walnut Grove Ave. edisoninvestor.com
Rosemead 91770
14 Hilton Hotels Corp. HLT
9336 Civic Center Drive hilton.com
Beverly Hills 90210
15 Public Storage Inc. PSA
701 Western Ave., Suite 200 publicstorage.com
Glendale 91201
16 Health Net Inc. HNT
21650 Oxnard St. health.net
Woodland Hills 91367
17 KB Home KBH
10990 Wilshire Blvd., kbhome.com
Seventh Floor
Los Angeles 90024
18 Metro-Goldwyn-Mayer Inc. MGM
2500 Broadway mgm.com
Santa Monica 90404
19 Mercury General Corp. MCY
4484 Wilshire Blvd. mercuryinsurance.com
Los Angeles 90010
20 99 Cents Only Stores NDN
4000 Union Pacific Ave. ggonly.com
Los Angeles 90023
21 Wesco Financial Corp. WSC
301 W. Colorado Blvd., NA
Suite 300
Pasadena 91101
22 City National Corp. CYN
400 N. Roxbury Drive cnb.com
Beverly Hills 90210
23 Jacobs Engineering JEC
Group Inc. jacobs.com
1111 S. Arroyo Pkwy.
Pasadena 91105
24 Gemstar-TV Guide GMST
Intl. Inc. gemstartvguide.com
135 N. Los Robles Ave.,
Suite 800
Pasadena 91101
25 Macerich Co. MAC
401 Wilshire Blvd, macerich.com
Suite 700
Santa Monita 90401
California's Largest PRIVATE Companies (source: Forbes):
Rank Name State Industry Revenues ($mil) Employees
158 McWane AL Constr - Supplies & Fixtures 1,500e 5,570
176 Ebsco Industries AL Conglomerates 1,400 4,500
249 BE&K AL Construction Services 1,098 8,212
276 Brasfield & Gorrie AL Construction Services 1,011 2,088
144 Bashas' AZ Retail (Grocery) 1,600e 12,500
171 Discount Tire AZ Retail (Specialty Non-Apparel) 1,417 8,944
222 Shamrock Foods AZ Retail (Grocery) 1,186 2,258
7 Bechtel CA Construction Services 11,600 47,000
17 Science Applications Intl CA Aerospace & Defense 5,902 38,700
23 MDFC Holding CA -- 5,1051 60,500
32 Levi Strauss & Co CA Apparel/Accessories 4,137 12,000
34 Platinum Equity CA Computer Services 4,000 18,000
46 Raley's CA Retail (Grocery) 3,200 16,200
58 Stater Bros Markets CA Retail (Grocery) 2,700e 13,400
59 Capital Group of Cos CA Investment Services 2,665e 4,000
68 Consolidated Elec Distributors CA Misc Fabricated Products 2,300e 5,000
78 A-Mark Financial CA Gold & Silver 2,200 118
95 Fry's Electronics CA Retail (Technology) 2,000e 5,650
101 JF Shea CA Construction Services 1,994 2,315
117 Aecom Technology CA Construction Services 1,8502 17,100
120 DreamWorks SKG CA Motion Pictures 1,813 1,600
124 E&J Gallo Winery CA Beverages (Alcoholic) 1,760e 4,600
132 Golden State Foods CA Food Processing 1,700 2,000
133 AG Spanos Cos CA Construction Services 1,7002 600
141 Save Mart Supermarkets CA Retail (Grocery) 1,655 7,400

Frosty_pop
01-01-2004, 08:58 AM
You know you're Californian:
You were born in California, speak English, but ARE A MINORITY!!!
CLOSED THE DAMN BORDER!!!!!!!

bchbum
01-01-2004, 09:10 AM
Don't forget we also have the best custom boat builder's in the world