Powerful sectors, like tech companies and supply chain logistics, have been stumbling around like a drunken octopus, getting smacked by high interest rates, jittery investors, labor bickering, and all sorts of chaos. Basically, it’s a hot mess.
Mother Nature clearly isn’t in cahoots with California lately either. Flooding has been raining on the parade (literally) all winter, thanks to these pesky atmospheric rivers causing a soggy catastrophe in the Central Valley. The result? Farming communities are screaming “holy guacamole!” as they watch hundreds of millions of dollars in crops go down the drain.
In recent months, thousands of Californians have swiped left on their jobs (not by choice) due to layoffs. The cost of living is skyrocketing faster than Wile E. Coyote on an ACME rocket, and Governor Gavin “Bad News Bear” Newsom broke the not-so-funny news in January – California’s 2023-24 fiscal year is looking at a $22.5 billion deficit, a nosedive from the $100 billion surplus a year ago. Yikes!
Serious news: https://www.nytimes.com/2023/04/11/business/economy/california-economy.html
