Word: californiaisms
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...come to the track may expect a lower price in the future. So you risk alienating those fans when you try to boost the bottom line down the road. "It's a slippery slope," says David Carter, executive director of the Sports Business Institute at the University of Southern California. "If the consumer lowers the threshold, it's harder to get back to the true market price. It's a decent short-term strategy that can wreak havoc in the long term." International Speedway, for one, insists the deals will stick around for some time. "We're doing a price...
...pogo-ing that made Iggy Pop look like a folksinger, and when he opened his mouth to deadpan songs like "I Was a Teenage Werewolf," he could make the crowd laugh too. Perhaps the Cramps' most perfect performance was a 1978 concert at the Napa State Mental Hospital in California. "Somebody told me you people are crazy," Lux screamed from the stage, "but I'm not so sure about that...
Again, though, let's not hail a solution as the solution. A targeted tool like loan modification is probably a more useful allocation of resources than a blanket policy like cheaper mortgages. Since half of all repossessed-home sales are in just four states (California, Michigan, Ohio and Florida), we can focus efforts there...
...California Decrowding The Prisons A federal panel has tentatively ruled that California's prison population--about 153,000 inmates spread over 33 facilities--must be reduced by as many as 55,000 within three years. The decision is the culmination of a long-running attempt to remedy the state prison system's problems with overcrowding and poor medical care...
Budget woes are perhaps most acute in California. The state, the most populous in the U.S., spends about $48 billion a year on K-12 education, or nearly half its general fund, which receives revenue from a variety of sources, including income and sales taxes. This year, however, the double whammy of endless layoffs and an imploding real estate market has decimated the fund, with legislators projecting a $42 billion deficit by the middle of next year...