Bailout Rethink; State Budget Deficit Soars; State Budget Deficit Soars, Continued; Ooops, I Can't Believe I Sent that Email
Bailout Rethink
Treasury Secretary Henry Paulson announced today that in the next phase of the $700 billion financial rescue plan, they will not buy bad loans and related assets. Instead, the focus will shift to injecting equity and encouraging private investment in banks, perhaps by requiring matching funds to receive bailout monies. Larry gets the latest.
State Budget Deficit Soars
The California's Legislative Analyst said Tuesday that the budget deficit will grow to $28 billion through June 2010 unless lawmakers take bold action, possibly including a hike in the state income tax. The Legislative Analyst's Office urged lawmakers to act immediately on Gov. Arnold Schwarzenegger's proposals to close the deficit for this fiscal year, projected at $11.2 billion. The proposals include among others, a 1 cent sales tax increase and $4.4 billion in across-the-board spending cuts. Larry Mantle talks with Mac Taylor, the Legislative Analyst about California's soaring budget deficit.
State Budget Deficit Soars, Continued
Larry speaks with lawmakers and an official from the CA Department of Finance about the projected budget deficit.
Ooops, I Can't Believe I Sent that Email
The writers of an essential email guidebook are back with a new edition. Larry Manyle talks with co-author Will Schwalbe about the latest version of "SEND: Why People Email So Badly and How to Do It Better." Schwalbe will revisit some basic email rules about clarity, work etiquette and legal issues and offers new tips and tricks to prevent email from taking over your life. Schwalbe co-authored the book with David Shipley.