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[15] [14] The airport was renamed Los Angeles International Airport in 1949. [17] The temporary terminals remained in place for 15 years but quickly became inadequate, especially as air travel entered the "jet age" and other cities invested in modern facilities. Airport leaders once again convinced voters to back a $59 million bond on June 5, 1956.
California’s Employment Development Department, which oversees the state’s unemployment insurance program, has said that it would rely on increased federal taxes on employers to pay down the ...
California faced another budget gap for 2010, [8] with $72 billion in debt. [9] California faced a massive and still-growing debt. [10] In June 2009 Gov. Arnold Schwarzenegger said "Our wallet is empty, our bank is closed and our credit is dried up." [11] He called for massive budget cuts of $24 billion, about 1 ⁄ 4 of the state's budget. [11 ...
News reports and commentators have cited the state's various legislative supermajority requirements as a contributing factor to the state budget crisis. [23] [24] The state has a long history of supermajority requirements with a 1933 state ballot measure mandating a two-thirds supermajority to pass the state budget and California Proposition 13 (1978) mandating another two-thirds supermajority ...
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“Failing to increase the debt ceiling therefore would have the most impact in terms of severe unemployment, deep recession, and sudden stock market declines on the California economy,” said ...
Los Angeles opened its main airport on October 1, 1928. At the time of the opening, it was known as Mines Field and was little more than a dirt airstrip with no facilities. The first building, the historic Hangar No. 1, was erected in 1929. In 1930, the facility was renamed Los Angeles Municipal Airport, and mostly served general aviation.
But as of Oct. 25, California had only collected $18 billion — a far cry from the $42 billion the state forecast back in June. Understandably, this news might make employees nervous.
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