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Which Way, L.A.?

Get Ready for Hard Times in Southern California

Hosted by Warren Olney Sep. 24, 2008
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:

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...

7 min

Schwarzenegger Snips Aid to Elderly and Low-Income

7 min

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.

11 min

Credits

Host:

Warren Olney

Producers:

Katie Cooper, Sonya Geis

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