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California is killing another industry that families need

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OPINION: California’s economic climate is ultimately what’s killing companies and leaving families in the lurch.

Peter Rex, the CEO of Rex, a technology, investment and real estate firm that moved from California to Texas, argues his company would not 'flourish' under a to 32-hour work week.Insurance companies are now fleeing the state, driven away by the strangling red tape of government bureaucracy.

The late May decision follows a similar call by insurance giant GEICO, which closed all sales centers in the state last year.

 

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