FROM Gray Davis
Downtown Stadium Faces a Hard Sell Developers who want the National Football League in downtown LA "guarantee" it won't cost taxpayer money. To make sure that taxpayers won’t be left holding the bag, Mayor Villaraigosa, who favors a $1 billion stadium, has appointed a group of local leaders to analyze the plan. But the Associated Press has reported that all of them have ties with the developer, AEG. The group includes former Governor Gray Davis, who got $93,000 from AEG and affiliated companies during his re-election campaign in 2002. We talk with former Governor Gray Davis and others about real conflict and the appearance of conflict.
Who Will Rescue California from Its Sad Fiscal Shape? A think-tank with ties to President Obama estimates that California will get about $63 billion from his stimulus package; $19 billion would go for individual tax cuts and the rest would fund infrastructure projects, healthcare, schools and unemployment benefits. Ten billion of that would help reduce the $42 billion budget shortfall, not enough to avoid big tax increases and major cuts in spending. Are Californians ready for what lies in store?