It's Friday! That means it's time for another Friday Flashback, our look at the week in news. And what a week it's been. To help us break all that down we're joined in studio this week by James Rainey of the LA Times and in Washington, DC, Nancy Cook of National Journal.
We've got December jobs numbers out this morning and they're much worse than we thought. While we're on the topic of jobs, President Obama this week announced an extension of unemployment insurance.
President Obama announced an extension of unemployment insurance this week, but Republicans aren't happy about it. Obama also announced the creation of "Promise Zones", and LA is one of them. What exactly are they?
While we're on the subject of money, this week came news that JP Morgan has once again avoided criminal charges despite having "turned a blind eye" to evidence of Bernie Madoff's Ponzi scheme. The bank will pay $1.7 billion to defer the charges for 2 years. Do you think we're ever going to see criminal charges brought?
The story that's been dominating the national headlines this week is the so-called "Traffic Jam" scandal that New Jersey Governor Chris Christie has found himself in. Exactly what happened here? Of course we're all wondering how this could affect his chances for a possible run for the presidency in 2016. Is it too early to tell just yet?
Moving closer to home, here in LA it's been a big week for news. First there was the news that LA County Sheriff Lee Baca is leaving his term early. It seems like the big question still unanswered is why is he leaving early, why now, and did he cut a deal with federal prosecutors investigating his department? Who were the winners and who were the losers in Baca's announcement?
This is arguably one of the most powerful positions in LA and now Mayor Eric Garcetti gets to pick his own person. Any idea who might be on his short list?
It was leaked a couple days early, but we got a look at Governor Jerry Brown's budget proposal. All in all we're in a much better fiscal state than we were when he took office in 2011, but what's the takeaway here?