Two weeks from today, California voters will be faced with Proposition 93, which reduces the time Senators and Assembly members can stay in Sacramento from 14 years to 12. We’ll also look at California’s economy in light of a wild day on Wall Street and an emergency rate cut by the Federal Reserve. On Reporter’s Notebook, the writers’ strike, the Screen Actors’ Guild and the Oscars.
The Economy, the Oscars and Political Games on Next Month’s Ballot
From this Episode:
What Kind of Term Limits Reform Does Prop. 93 Promise?
Prop 93 on next month’s ballot is entitled, “Limits on Legislative Terms in Office”—and that’s technically accurate. Current law allows a total of 14 years in the Assembly...
A Volatile Day in World Markets
The Federal Reserve announced an emergency rate cut before the markets opened today, but the Dow Jones industrial average hit a 15-month low anyway. President Bush...