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?
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?

From this Episode:

Credits

Host:

Warren Olney

Producers:

Katie Cooper, Sonya Geis