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CA: Four years after high-tech bust began, how is state doing?
Sac Bee ^ | 3/14/04 | Dan Walters

Posted on 03/14/2004 8:17:50 AM PST by NormsRevenge

Edited on 04/12/2004 6:07:07 PM PDT by Jim Robinson. [history]

Wednesday was an anniversary of sorts, albeit one that few recalled and even fewer wanted to remember.

For the record, the Nasdaq stock index hit its all-time high on March 10, 2000, reflecting nearly six years of sizzling growth in the high-technology sector of the economy, driven by huge amounts of speculative investment, before a steep plunge that extinguished tens of billions of dollars in paper wealth.


(Excerpt) Read more at sacbee.com ...


TOPICS: Business/Economy; Culture/Society; Government; US: California
KEYWORDS: bust; calgov2002; california; fouryears; hightech; state

1 posted on 03/14/2004 8:17:51 AM PST by NormsRevenge
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To: *calgov2002; california
I think Dan is hinting we need another commission. :-\

A few more hundred commissions and the state will have full employment.

2 posted on 03/14/2004 8:19:43 AM PST by NormsRevenge (Semper Fi Mac ... Support Our Troops! ... Thrash the demRats in November!!! ... Beat BoXer!!!)
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