Word: capita
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...frontier. With 70% of its work force employed in the service sector, California was the world's most advanced industrial state. Kansas City, Mo.'s Midwest Research Institute rated its "quality of life" tops in the nation. Few disputed that conclusion, since annual per capita income ran 18% above the national average. California was the future, and it worked...
...state rushed into the '70s without breaking stride. Its gross product was larger than all but five countries; were California an independent nation, its per capita income would have been the world's highest. Yet, statistics aside, something was wrong. Michael Davie noticed the change in his 1972 book, California: The Vanishing Dream: "In the very part of the globe where there is the greatest concentration of knowledge and the most power over nature ... many people had begun to doubt whether knowledge and power really did bring worldly happiness. The economic and technological machine was grinding...
...Dunn & Bradstreet Fantus report that ranked the state's business climate 47th among the 48 states surveyed. For the first time in two decades, industrial investors, put off by bureaucratic red tape and environmental lobbyists, are bypassing California to relocate in other Sunbelt states. Statewide per capita income is still above the national average, but it is declining , as are the populations of Los Angeles, Oakland and San Francisco...
...real business of Asia is now unmistakably business. Every country seems to be chasing after the Japanese economic miracle. Everybody is talking about growth rate, per capita income, foreign investment, development loans. Office skyscrapers and luxury hotels are blooming in Seoul, Manila, Jakarta and Singapore. Hong Kong is wall-to-wall skyline. It is all very heady and hopeful...
Soft-core booze can be very profitable: a fifth of Cow-at 30 proof barely stronger than wine-can retail for $4. Americans still drink up 2.69 gallons of booze per capita annually and spend more than $30 billion a year on alcohol, but hard-liquor drinking appears to be declining. If yummy highs continue to be the vogue, liquor dealers' shelves should be loaded with creme de strawberry and tutti-frutti vodkas for some time to come...