The California economy in general is one of the weakest ones in the nation, and the Los Angeles economy specifically is one of the weakest in an already weak California. The loss of Hollywood production and business is really hurting things in and around LA.
Today on AirTalk, we check-in on Hollywood and how it has found itself in an economic slowdown with few job openings. Also on the show, a new report from the Natural Resources Defense Council (NRDC) looks at how retailers aren’t stocking shelves with sustainable products; we recap Governor Gavin...
laist.com
The film and television industry in Los Angeles, widely heralded as the entertainment capital of the world, suffered substantial economic losses over the past three years, according to an industry report released Wednesday.
www.cbsnews.com
There are parts of LA that were once vibrant and successful owing to their proximity to the Hollywood money machine, but they are now slipping into decay and abandonment.
Not all of that is due to Hollywood's financial straits, but is also due to years of catastrophic government policy at the state and local level on drug abuse, crime, homelessness, etc.
But large swaths of LA that were once
"Tinsel Town!" now look more like an abandoned steel mill town in Ohio.