Author: Papa Giorgio
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13m 14sLenght
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John and Ken discuss how Governor Jerry Brown may have just bankrupted California. SEE MY POST ON THIS: http://tinyurl.com/z3ngndb Energy prices, food prices, car costs, etc., will all go up. As California becomes more expensive as a state to do business in, MORE businesses will leave. The L.A. Times notes this as well: ____________________ …“You’re going to be increasing the cost of moving goods through California ports,” said Jock O’Connell, a trade expert at Los Angeles consulting firm Beacon Economics. Feisty competitors on the South and East coasts have been eating into Los Angeles-area ports’ business, and in June the Panama Canal opened wider channels that may divert more traffic away. “At some point [importers] reach a tipping point where they say it makes more sense to send goods through Houston, or Charleston,” O’Connell says. That could be a threat to the hundreds of thousands of Californians who are directly or indirectly employed by port business. “You wind up jeopardizing an awful lot of blue collar workers,” O’Connell said…. (http://tinyurl.com/jqmek5y)