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FROM THIS EPISODE

Just when you thought state finances couldn't get worse, the lame-duck legislature's been called back into session the day after next week's election. Tax increases and cuts in education spending are some of what's on the table. At Sam Zell's Los Angeles Times, 10% of the remaining editorial staff has been cut. We hear what that means for an informed public.  Also, London's Financial Times finds Los Angeles a place of amazing riches that's afraid to spend money.

 

Producers:
Sonya Geis
Gary Scott

Reporter's Notebook A British Bloke in the City of Angels 7 MIN, 1 SEC

Los Angeles is the creative capital of America, the biggest manufacturing center in the US with the biggest port complex in the western hemisphere. Some 140 nationalities live here, raising money, making films and doing business.  But one of the world's richest cities, the home of many billionaires, is afraid to spend money. Those are some of the observations in a special report on Los Angeles in the UK's Financial Times. Matthew Garrahan is LA Bureau Chief.

Guests:
Matthew Garrahan, Financial Times (@mattgarrahan)

Making News Budget Crisis, Part II: They Will Be Back 9 MIN, 20 SEC

On Wednesday of next week, the lame-duck legislature will be back in session to reopen this year's budget, admittedly balanced with smoke and mirrors. The revenue shortfall could be $10 billion.  Dan Walters is a syndicated columnist for the Sacramento Bee

Guests:
Dan Walters, Sacramento Bee (@WaltersBee)

Main Topic Cutting with an Axe, Not a Scalpel, at the LA Times 7 MIN, 35 SEC

When the Chicago Tribune bought the Los Angeles Times, the editorial staff was 1200 strong.  Now, under Sam Zell, it's at 660. Yesterday alone, 75 people were laid off, fully 10 percent of what remained after years of Draconian cuts blamed on "conditions across the newspaper industry."  Inside the paper, even reporters who knew it was coming are shocked. Is the once-hefty Los Angeles Times about to become a daily pamphlet? We look at the impact with Kevin Roderick, founder of LA Observed.

Guests:
Kevin Roderick, Editor and Publisher of LA Observed

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