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The headquarters of Lehman Brothers in Times Square five years ago. The financial services firm filed for bankruptcy in September 2008.
When financial giant Lehman Brothers collapsed five years ago, the shake-up on Wall Street rattled homes out here, too. As we recover, a new UCLA Anderson Report tells the story of two Californias.
One where the tech sector and other high-skilled jobs are driving growth, and another where people in manufacturing, construction, and other low-tech fields are still struggling to see that recovery.
To dig deeper into how else California's economy changed we invited three economic and financial experts to help us understand how our state is doing.
Raphael Bostic, professor of public policy at USC and a former assistant secretary at the US Department of Housing and Urban Development
Delia Fernandez, a certified financial planner and president of Fernandez Financial Advisory in Los Alamitos
Jordan Levine, director of economic research with Beacon Economics