December 12, 2008
... The slowdown that is battering the Inland Empire and Southern California is part of a global slowdown that doesn't appear to be going away soon, said Delores Conway, a professor at USC and director of the report. "We're in a recession, and this one looks like it's going to be more prolonged than the last one we were in," Conway said. "With unemployment as high as it is, and it's way up there right now, I think this could be as bad as the recession of the early 1990s."...