Which Way, L.A.?
Get Ready for Hard Times in Southern California
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?
By Warren Olney • • 30m ListenThe 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?
In this episode
3 storiesSchwarzenegger Snips Aid to Elderly and Low-Income
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?
Read the story7 minDoom 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.
Read the story11 minBallot 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 for a bullet train between LA and San Francisco. What will the financial crisis mean for its chances?
Read the story7 min
