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(Studio: Antonio Mora) Announcement from President Bush that he will not bail California out of its power crisis reported.
(Los Angeles: David Wright) The impact of the power shortage on California featured; details given about the unintended consequences of deregulation that could lead to bankruptcy for the utilities. [Merrill Lynch market analyst Donato EASSEY - says what is happening in California will have a negative impact on the country.] [Pacific Gas and Electric Ron LOW - cites financial problems.] [Goldman Sachs utilities analyst John RALEIGH - cites the unprecedented problems in California.] [University of California at Irvine business school professor Peter NAVARRO - comments.] Governor Gray Davis' use of surplus millions to help the utilities buy power noted.
- Mora, Antonio;
- Wright, David
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