- Newsmaker: Consumer Confidence Drops to Lowest Level in Years - Terrorism, anthrax, and a plunging stock market have taken their toll on consumer confidence, which has dropped to its lowest level in over 7 years. Edward Leamer, of UCLA's Anderson Forecast, considers consumer spending as a more accurate indictor of changing economic shifts.
LAUSD Shifts Gears on Belmont & Other New Schools
The Ambassador Hotel is now the property of the LA Unified School District and Belmont Learning Center has a new lease on life with three bidders saying they can make it safe from toxic contamination. Those are just two of the 85 schools planned to house 200,000 new students in the next six years. Many of the others will require uprooting families and moving them to new homes. We talk to LA's School Superintendent, who wants to build new schools, and the head of the watchdog committee that oversees bond money. Can they agree on how to spend 2.4 billion dollars in the next six years?