Milken report praises Texas, pans California

Sacramento Bee ^ | 11/13/9 | Dan Walters

[SmithL]

The Milken Institute is based in Southern California, but its annual survey of business conditions in the nation's cities has almost nothing good to say about California.

It heaps praise on Texas - the Austin area was ranked No. 1 on Milken's list of "best-performing cities," released today, while three other Texas cities were listed in the top five, with only No. 3 Salt Lake City cracking that elite list.

Cities in recession-wracked California, meanwhile, saw their rankings decline - especially those hit hard by the collapse of the housing market.

"Metropolitan areas with a high exposure to durable manufacturing also experienced massive job losses and unemployment rates above 12 percent," Milken says. "Major port cities such as Los Angeles witnessed diminished trade and the loss of logistics-related jobs. Even technology production centers saw demand plunge as domestic and foreign businesses curtailed investment in information, communications, software, and related services."

[SmithL]

I guess California hasn't raised taxes enough.

[tflabo]

Vote for the ‘Rats and sink with the ‘Rats. The dummies there will blame Bush and vote their beloved ‘Rats back again.Enjoy the nirvana left coast—condolences to Ca. Conservatives.

[NormsRevenge]

Consider Milken's 'checkered' Wall Street career and folks he hangs with..

.

[AndyJackson]

I would remind everyone that Michael Milken invented the junk bond market based upon the observation that recklessness paid since the FED would always bail out the banks to avert system risk.

His prescience is admittedly as awe-inspiring as his audacity in taking advantage.

[SueRae]

Michaem Milken is a no good crook. Don’t let his ‘philanthropic’ Milken Institute fool you. He’s up to the same ol stuff that got him time in the ‘80’s.

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