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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The state fund that pays unemployment benefits is going broke. With the state jobless rate now up to 7.7 percent, the fund is expected to plunge into the red by the end of this year.
Host: Kelly Wilkinson
Guests:
• Maurice Emsellem, policy co-director of the National Employment Law Project

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Bank of America agreed today to modify tens of thousands of mortgages to keep people in California and 10 other states from losing their homes. California Attorney General Jerry Brown praised Bank of America for agreeing to the deal. We look at the details.
Host: Cy Musiker
Guests:
• Kevin Stein, assistant director for the California Reinvestment Coalition

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