California's State of Uncertainty

As Governor Schwarzenegger attempts to lighten regulatory burdens on small businesses, some entrepreneurs aren't sticking around

In 1947, Hoyt Buck moved to California and started a business that turned worn-out metal files into first-class blades. Over the next half century, as Buck Knives was handed from father to son, and the workforce grew to 270 employees, the brand became a favorite with hunters the world over -- and, in its own small way, something of a symbol for the entrepreneurial spirit and ingenuity that has always inspired California's economy.

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