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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: California economy

California economy stories: 4 news summaries

(Newser) - After joining other major banks in snubbing cash-strapped California last month, JPMorgan Chase has changed tack and is lending the state $1.5 billion to end its IOU program a month early. The short-term loan will enable California to start redeeming on Sept. 4 the IOUs it has been using... More »

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California • recession • JPMorgan Chase • financial crisis • IOU • California economy

OPINION

Schwarzenegger Blew Chance for Real Reform

Would-be savior turns out to be just another lying politician

May 21, 09 7:59 AM CDT
(Newser) - Arnold Schwarzenegger came into politics with an uncommon opportunity to tell Californians hard truths about taxes and governance, using his surprising mandate to press for reform. Instead, he became just another governor repeating "the same lies and the same nostrums," pretending citizens can have good public services without... More »

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California • Arnold Schwarzenegger • tax code • special election • property tax • California economy

Calif. Voters Torpedo Budget Crisis Measures

Defeat leaves Governator facing massive service cuts

May 20, 09 6:00 AM CDT
(Newser) - Californian voters soundly rejected five ballot measures that would keep the hard-hit state economically solvent until the end of the year, on a turnout of little more than 10%. The vote against extended tax increases and capped spending is a sharp rebuke to Gov. Arnold Schwarzenegger and state legislators who... More »

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California • Arnold Schwarzenegger • budget • vote • state legislature • budget deficit • propositions • California economy

(Newser) - The recession hit Southern California earlier and harder than almost any other part of the country—and it’s likely to linger a lot longer too, Steve Pearlstein writes in the Washington Post. The area played a “central role in the Bubble Economy,” and now, being the “... More »

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California • Hollywood • real estate • Los Angeles • Southern California • recession • entertainment industry • housing bubble • Port of Long Beach • Port of Los Angeles • California economy

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