Mayor sets jobs goal

With Los Angeles facing a tsunami of economic uncertainties, Mayor Antonio Villaraigosa announced an "economic action plan" Wednesday designed to create 100,000 jobs over the next two years and develop programs to deal with the mortgage crisis, expand the middle class, attract more investment and increase tourism. Daily News.

"The economic experts, like Jack Kyser, tell us that they are not willing to concede we are in a recession, but it sure feels like one," Villaraigosa said in a speech at the Goodwill Industries work source center north of downtown Los Angeles.

"We recognize that cities are limited with what they can do. But you can't just throw your hands in the air and say we're limited. We have to deal with what we face."