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FROM THIS EPISODE

LA's becoming a two-tiered society of the rich and the poor without any middle class.  So how come the economy's thriving?  How long will it last? Also, two views on Proposition 1-D, which provides $10 billion in bonds for education.

Producers:
Frances Anderton
Karen Radziner

Main Topic LA's Shrinking Middle Class 13 MIN, 21 SEC

"Forget about LA's middle class. It's dead and buried... Los Angeles has boiled down to an economy of the well-off and the far-from-well-off... And here's the weird, almost perverse part: it seems to be working."  That's from an article in this month's Los Angeles magazine. It's well known that LA is becoming a two-tiered society, composed of the pretty rich and the very poor, with fewer and fewer people in between. Yet, contrary to ominous predictions, the economy is thriving--despite a shrinking middle class.  We get two views on how long that will last.

Guests:
Mark Lacter, Business Writer, LA Observed
Harold Meyerson, Washington Post (@haroldmeyerson)

Main Topic Proposition 1D: The Public Education Facilities Bond Act 11 MIN, 11 SEC

Proposition 1D on next month's ballot would authorize $10.4 billion in bonds for public schools, community colleges, UC and Cal-State campuses. It was put on the ballot by Governor Schwarzenegger and the legislature to relieve overcrowding by building new schools and repairing older ones. It also provides for earthquake safety and facilities for vocational education and research into energy efficiency.

Guests:
Mike Spence, Republican strategist

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