Good morning -- here's what's happening 10.08.08
The economic free fall continues, and no one's even talking about that $700-billion bailout anymore. Just a drop in the roiling bucket, it seems. Now the focus is on an emergency interest rate cut, to 1.5%, by the Federal Reserve. Did it work? We'll see.
Now onward to more homegrown news:
That petition to recall the Governator? Rejected.
Clippers dump Elgin Baylor; don't look to see whether the door hit him on his way out. Our own Mark Heisler's not happy with that shabby treatment.
As the money squeeze hits L.A. County, requests for aid are spiking.
A sweep in South L.A. snags 30 alleged gang members suspected of illegal weapons possession and drug dealing.
Remember DeWayne McKinney? He spend 20 years in jail for a murder he didn't commit and, when he was released, started an ATM business that made him a millionaire. He died in a motorcycle accident in Hawaii.
Another motorcyclist died in L.A. today, this one shot to death near the Foothill and Glendale freeways.
Boarding schools are growing more popular here in California.
Is the trip to the La Jolla Playhouse to see "Tobacco Road" worth it?
--Veronique de Turenne
Photo: Lori Shepler / Los Angeles Times
