"California's divided fortunes" by Cari Tuna

http://online.wsj.com/article/SB10001424052748704762904575025823767385834.html?mod=WSJ_economy_LeftTopHighlights


Key Words*:
Revenue=The income of a government from taxation, excise duties, customs or other sources appropriated to the payment of the public expenses.

Venture-Capital=Funds invested or available for investment in a new or unproven business enterprise.

Exports=To ship (commodities) to other countries or othe places for sale exchange.

*Keywords from Dictionary.com and Economist.com/research

The article explained how California has a great division with its economic stability. Inland areas in California are plummeting while coastal areas continue to thrive. Because of the heavy weight inland areas are causing, California's overall economic stability could decline and cause great tension between its residents.
According to the California Employment Development Department California's unemployment rate is 12.4% to the nation's 10% average.Many are afraid that the inland-coastal division will cause social disgression between residents of CA.The housing boom was a moment in California where cheaper houses were inland and coastal home were much harder to afford. However, now, the roles have switched leaving many people upset and confused.
Now that the new homes are old and people want to move toward the coast, there is a small chance that the inland areas wont be able to revcover.That would be hard because revenue inland has declined a great deal.

Analysis:

There is a division between the two because inland areas dont produce or sale as much as coastal areas.The division has created a great deal of irritation regarding economic stability and im sure people are mad because they moved to inland to commute when homes are where they work are now.

Explanation:

I think this occured due to the recession and the many jobs that were lost. It also has to do with how we are recovering from the recession. Many people are buying homes on the coast and the trade-off just happens to be the homes no one cares for inland.

Prediction:

I predict that there will be a great struggle inland because money is beginnning to flow again and people are eager to move to the coast.