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.