California's giant pension funds are urging calm in the face of the violent financial storm shaking Wall Street. The California Public Employees Retirement Fund is the nation's largest, and at the end of September it had lost about $25 billion since 2007. The fund lost nearly $8 billion last Monday alone. How is CalPERS handling the crisis?
Host: Cy Musiker
Guests:
• Anne Casscells, managing director at Aetos Capital in Menlo Park

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In the face of continued drought in California, San Francisco wants its residents to start saving rainwater to use on their lawns and gardens. The city is spending $10,000 to subsidize 55 gallon rain drums, complete with mosquito nets and drainpipes that connect to a hose.
Host: Kelly Wilkinson
Guests:
• Tara Hui, early pioneer of rainwater harvesting

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Today, the Federal Reserve and other central banks around the world coordinated an interest rate cut. They're hoping to prevent the current financial crisis from becoming a global recession, but some economists think recession arrived in California months ago. If so, how will the Bay Area's economy be affected?
Host: Cy Musiker
Guests:
• Chris Thornberg, principal with Beacon Economics

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