"All warfare is based on deception. Hence, when we are able to attack, we must seem unable; when using our forces, we must appear inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near. Appear weak when you are strong, and strong when you are weak."

– Sun Tzu, The Art of War

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One noteworthy event is Jeff Bezos’ substantial sell-off of Amazon shares, cashing out a staggering $8.5 billion. Bezos, who founded Amazon, had planned to sell up to 50 million shares until January next year, as disclosed in Amazon’s annual report.

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California's budget crisis is projected to expand more than previously thought and could hit a record deficit of $73 billion, according to a new report from the state's nonpartisan Legislative Analyst's Office (LAO).

The LAO laid out the grim forecast in a Tuesday report that cautions that a $24 billion "erosion in revenues" corresponds to a $15 billion increase in the state's budget problem. Due to this, the budget deficit, which last month was estimated to hit $58 billion, could now go as high as $73 billion.

"The actual increase in the state's budget problem will depend on a number of factors, including formula-driven spending changes, most notably Proposition 98 spending requirements for schools and community colleges," the report said.

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