Word: arnold
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...financial crisis in California grew worse this week as state controller John Chiang warned that if legislators and Governor Arnold Schwarzenegger fail to come up with a budget-balancing package, he would begin paying California's bills with IOUs on July 2. The state has only done this once since the Great Depression...
...parched south. When Ronald Reagan was governor, he actually raised taxes. Then Proposition 13 shot the tires out of Pat Brown's liberal state. Liberal legislative leaders such as Willie Brown and John Burton jerry-rigged repairs and kept the damaged vehicle running for 30 years. Now Republican Arnold Schwarzenegger says there is no choice but to complete the demolition by slashing essential services. (TIME's Joel Stein weighs in on California's state of insanity...
...California Governor Arnold Schwarzenegger (Schwarzenegger): We lost a great entertainer and a pop icon. My thoughts and prayers go out to Michael Jackson's family, friends and fans...
...pain of the worst recession in 50 years and a state's flailing attempt to balance its books by making brutal cuts in programs long seen as essential. The Sandoval family is but one of more than 154,000 welfare cases in Los Angeles County. Governor Arnold Schwarzenegger says the state should abolish its welfare program. Doing so would save $1.3 billion and rip a large gaping hole in the safety net that now keeps more than 500,000 California families like the Sandovals out of homeless shelters. (Read "With a New Budget, Now Californians Brace for the Pain...
...create a conglomerate that will shut out competition and lead to higher ticket prices. "This is deemed by many to be the first test case in the Obama Administration," said Marc Schildkraut, a former assistant director with the Federal Trade Commission (FTC) and now a partner at Howrey Simon Arnold & White...