Get Ready for Hard Times in Southern California
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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?
Schwarzenegger Snips Aid to Elderly and Low-Income ()
- Jordan Rau: Staff writer for the Los Angeles Times
Doom and Gloom for California's Economy ()The UCLA-Anderson Forecast predicted the housing bubble. Now it concludes that California will be in economic trouble for a long time to come.
Ballot Initiatives Face Uphill Climb ()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?
Which Way L.A.? is made possible in part by the Ralph M. Parsons Foundation, the Nathan Cummings Foundation, and the John Randolph Haynes and Dora Haynes Foundation, which supports study and research into policy issues of the Los Angeles region.
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