So. Cal's Housing Market; National Economic Forecast; California Economic Forecast; How Wall Street Caused The Mortgage and Credit Crisis; Bishop Gene Robinson
So. Cal's Housing Market
Larry talks with John Karevoll, Analyst for Dataquick information systems, about the latest figures regarding the state of the Southern California real estate market.
National Economic Forecast
Larry and guests take a look at the national economy, exploring possible solutions to the economic crisis. Larry talks with Vincent Reinhart, Resident Scholar, American Enterprise Institute, Lars Perner, Assistant Professor of Clinical Marketing Department of Marketing, Marshall School of Business, USC, and takes listener calls.
California Economic Forecast
Los Angeles County Economic Development Corporation and the Kyser Center for Economic Research released two major economic reports today revealing that the California economy is on the brink of a recession, that some parts of the state are already in recession, and the causes of the downturn will persist into 2009. Larry talks with Nancy Sidhu, Vice President and Senior Economist for the LAEDC, and Mark Lacter, contributor to LA Magazine, and business blogger for LA Observed.com.
How Wall Street Caused The Mortgage and Credit Crisis
In the summer of 2007, the sub-prime mortgages business came crashing down. The new book, "Chain of Blame," chronicles the disaster, with a focus on the players responsible. According to the authors, Paul Muolo and Matthew Padilla, these included not only unregulated loan brokers and con artists, but also investment bankers and home loan institutions traditionally perceived as trustworthy. Larry talks with Matthew Padilla about the fiasco and who is ultimately responsible for what happened.
Bishop Gene Robinson
Gene Robinson, the first openly gay Episcopal bishop in the U.S., has been the subject of controversy, and the recipient of death threats, since his election in 2003. This week, the Lambeth Conference, is being held in England. It is the once a decade gathering of Anglican bishops from around the world to pray and discuss church policy and doctrine. Bishop Robinson was dis-invited from attending Lambeth. Although he was excluded, some bishops still refuse to attend Lambeth because they don't want to associate with others who voted for Robinson. Larry speaks with Bishop Robinson from England, where he is planning to attend the Lambeth Conference in order to be a "constant and friendly" reminder of gays in the church.