California is alive and well, thank you

[Bloomberg]( Follow Us [Get the newsletter]( [California Defies Doom With No. 1 U.S. Economy]( — Matthew Winkler When misfortunes multiplied during the coronavirus pandemic, observers seized on a four-letter word signaling end of days for the largest state with one-eighth the U.S. population and 14% of its gross domestic product. [“California doom: Staggering $54 billion deficit looms,”]( the Associated Press concluded a year ago in May. [“California Is Doomed,”]( declared Business Insider two months earlier. [“Is California doomed to keep burning?”]( queried the New Republic in October. California is [“doomed”]( because of rising sea levels, according to an April EcoNews Report. Bulletins of [people leaving the world’s fifth-biggest economy]( for lower-cost states because of high taxes and too much regulation stifling business continue unabated. No one anticipated the latest data readout showing the Golden State has no peers among developed economies for expanding GDP, creating jobs, raising household income, manufacturing growth, investment in innovation, producing clean energy, and unprecedented wealth through its stocks and bonds. Read the [whole thing](. [The U.S. Should Become a Nation of Renters]( — Karl W. Smith [The Real Solar-Panel Price Crisis Hasn’t Begun Yet]( — David Fickling [Trump’s Final Days Look Increasingly Corrupt]( — Jonathan Bernstein [Why We Sometimes Die When Trying to Avoid Risk]( — Allison Schrager [A Vaccine the World Badly Needs Looks Better Than Ever]( — Max Nisen Market Narratives Have Pushed Aside Fundamentals]( — Barry Ritholtz [Goldman Goes All-In on Florida as Wall Street South]( — Brian Chappatta [What to Do About Student Debt When Covid Relief Ends]( — Erin Lowry [Biden Should Cut the Gordian Knot With Turkey]( — Bloomberg’s editorial board Sponsored Content The power of PayPal online, now in person. Give your small business an easy way to accept touch-free, in-person payments. Create a unique QR code with the PayPal app and display it on your device or as a printout in store. [Download the app.]( Customer must have PayPal account and app to pay. PayPal More from Bloomberg Opinion Here’s what we’ve been talking about this week. - Watch on Twitter: [Risks & Rewards]( with John Authers and Lisa Abramowicz - Watch on YouTube: [Why Is the World’s Food Supply So Vulnerable?]( with Sarah Green Carmichael and Amanda Little - Watch on Facebook: [U.S.-Russia Relations After the Biden-Putin Summit]( with Robert George and Romesh Ratnesar - Listen to the latest episode of Faye Flam’s Follow the Science on Spotify: [A Brief History of Lab Errors, Germ Warfare and Secrecy]( - Listen to the latest episode of Noah Feldman’s Deep Background on Apple Podcasts: [Power and Nations: Fareed Zakaria]( This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership. Like Bloomberg Opinion Today? [Subscribe to Bloomberg All Access and get much, much more](. You’ll receive our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. [Learn more](. You received this message because you are subscribed to Bloomberg's Bloomberg Opinion Today newsletter. [Unsubscribe]( | [Bloomberg.com]( | [Contact Us]( Bloomberg L.P. 731 Lexington, New York, NY, 10022