REUTERS: “California dream turns gray” * open thread
By SusanUnPC on February 19, 2009 at 2:30 AM in Open Thread
Report:
Saddled with an ongoing housing crisis and rising unemployment — the world’s 8th largest economy is on the brink of financial collapse.
The latest blow — California’s Governor Arnold Schwarzenegger calling for up to 20,000 state job cuts. This after a 30-hour marathon session in the state legislature failed to produce a budget to plug a $40 billion deficit. Jon Decker reports.
SOUNDBITE: Jerry Nickelsburg, senior economist at the UCLA Anderson Forecast
