Staff Writer, Los Angeles Times
Staff Writer, Los Angeles Times
PROFILE
Eric Bailey
Guest
FROM Eric Bailey
Which Way, L.A.?
Family Feud Breaks Out in Speaker's Race The Latino caucus in Sacramento is growing fast, but it's losing its solidarity. Instead of settling their differences in private, three Latino Democrats from Los Angeles are conducting a very public fight with leadership of the State Assembly at stake.
Which Way, L.A.?
Start the Presses for the State IOU's The State of California is printing up 28,742 IOU's for $53.3 million. If the state has the money on October 2, they can be redeemed with interest at 3.75%. In the meantime, the California Bankers Association says banks “ may be hesitant ” to accept them. Eric Bailey is in Sacramento for the Los Angeles Times .
To the Point
Draconian Cuts Necessary to Balance California's Budget Faced with a $21 billion deficit that appears to be rising, Governor Arnold Schwarzenegger has proposed to transform California. Instead of one of the nation's most generous states to the poor, it would be one of the stingiest. Eric Bailey reports from Sacramento for the Los Angeles Times .
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The Mixer
A California soaking, but will it stick? Some parts of Southern California got more than five inches of rain this week, in a series of storm systems that hit the area one after the other.