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Home » Topics » California residents

Facebook windfall to help California fill budget hole

Mark Zuckerberg via jdlasica / Shutterstock

Facebook’s initial public offering will make lots of its staff in California rich — and should therefore help the perennially cash-strapped state fill a whopping $16 billion budget hole. According to official estimates, the record-setting IPO Friday will make a windfall of some $2.1 billion dollars for California, whose governor…

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Hard-hit Californians more optimistic about economy

closeupSanta_Cruz,_California_-_Boardwalk

Reuters) – Two thirds of Californians believe their personal financial situation will improve in the next 12 months, a sign that residents in one of the hardest-hit states in terms of unemployment and foreclosures are becoming more optimistic about the U.S. economy, according to a survey issued on Thursday. California,…

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