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The latest economic forecasts are gloomy for California, where housing prices may not go up again for a long time. Also tonight, Governor Schwarzenegger vetoed 150 million dollars from the much-criticized budget. On Reporter’s Notebook, what will the financial crisis mean for billions of dollars in bonds being asked for on next months’ statewide ballot?

Producers:
Katie Cooper
Sonya Geis

Reporter's Notebook Ballot Initiatives Face Uphill Climb 6 MIN, 41 SEC
There are 12 propositions on next month’s statewide ballot and five of them call for new money. The biggest is Prop 1A, which would authorize almost 10 billion in bonds for a bullet train between LA and San Francisco. What will the financial crisis mean for its chances?

Guests:
Mark Baldassare, Public Policy Institute of California (@ppicnotes)

Making News Schwarzenegger Snips Aid to Elderly and Low-Income 6 MIN, 37 SEC

Guests:
Jordan Rau, Kaiser Health News (@jordanrau)

Main Topic Doom and Gloom for California's Economy 11 MIN, 13 SEC
The UCLA-Anderson Forecast predicted the housing bubble. Now it concludes that California will be in economic trouble for a long time to come.

Guests:
Jerry Nickelsburg, UCLA Anderson Forecast
Ross Devol, Director of Regional Economics, the Milken Institute

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