◼ Unless Sacramento moves to improve the business climate, California's reputation as one of the country's most toxic business environments will make it hard for the Golden State to regain its luster. - Wendell Cox and Steven Malanga/LA Times
...For years, California could rely on its temperate climate and a talented workforce to attract and keep businesses even as taxes and regulations increased. No more. In surveys, executives regularly express the view that California has one of the country's most toxic business environments, and they say it is one of the least likely places they would open or expand a company. Many firms headquartered here say they have forsaken expansion in the state. Meanwhile, California suffers from an unemployment rate some 2 percentage points higher than that of the nation as a whole....
