hawaii. he will sign a food safety bill, estimated cost $1.4 billion over the next five years. outgoing speaker nancy pelosi holding a news conference on capitol hill outlining the democratic agenda as the democrats move into the minority at the 112th congress. tomorrow, the focus will be on representative john boehner, who will be the next speaker of the house. this week, bearing the inaugural ceremonies of many of the governors. our question with states facing budget shortfalls and red ink, what are some of the solutions? how you cut the debt and what impact it s having on your particular state? let s look at some of the headlines courtesy of the newseum. the l.a. times has caught the ceremony a photograph of the ceremony yesterday. back in 1975 as jerry brown was sworn in as the youngest governor of california. now at the age of 72, the oldest governor, serving a third term. one of only two governors who served three terms in california. the other was earl warren who
september to october this year. what does this bad news mean for the economy as a whole? does this indicate we are really are heading for a double dip recession? peter, just when we thought things were getting better, we get this news. what does this mean for the economy? well this is not good news for the housing market. clearly the third month in a row of falling prices. prices are now at their lowest level since may. there s a lot of inventory out there that has not sold. there s a lot of foreclosed hopes continuing to put downward pressure on the market. and the author of the survey cited robert schuler an economist at yale believes we could be on the verge of a double dip in the housing market. however for the broader economy there s an awful lot of government stimulus in the pipeline for the next two years the fed keeping interest
september to october this year. what does this bad news mean for the economy as a whole? does this indicate we are really are heading for a double dip recession? peter, just when we thought things were getting better, we get this news. what does this mean for the economy? well this is not good news for the housing market. clearly the third month in a row of falling prices. prices are now at their lowest level since may. there s a lot of inventory out there that has not sold. there s a lot of foreclosed hopes continuing to put downward pressure on the market. and the author of the survey cited robert schuler an economist at yale believes we could be on the verge of a double dip in the housing market. however for the broader economy there s an awful lot of government stimulus in the pipeline for the next two years the fed keeping interest
office in wasilla, alaska. have you ever heard him say much? we ll get into this a little more, that he is actually doing this for a reality show. oh. makes sense then. yeah. let s talk about traffic. we have a photographer showing us a new camera shot along the peninsula in burlingame. north- and southbound 101 at peninsula avenue, so far traffic light. roadwork just wrapped up. as you can see, the main lines to 101 look great, one headlight there driving past. thank you to our photographer out there in burlingame. we had an accident southbound 880 approaching highway 92 in hayward. all lanes are clear right now. so if you are continuing towards the san mateo bridge, right now there is no delay to traffic and it looks good across the span. that is your traffic. for your forecast, here s tracy. hey, thanks, elizabeth. more clouds expected this morning still drizzle at the coast and the bay for this morning and temperatures in the lower to the upper 50s. out th