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Strikes To Have Dramatic Impact Beyond Hollywood's Big Studios.(A)(NATIONAL ISSUE)
Byline: Charles Oliver
Rolling blackouts. Soaring gasoline prices. A slow-growing national economy. What's next for the Southern California economy?How about strikes that could shut down one of the region's biggest industries?
Well, that's just what the Los Angeles area is looking at. Three of the motion picture and TV industry's most powerful unions are threatening to halt work if they can't reach new agreements with producers.
The Writers Guild of America, the Screen Actors Guild and the American Federation of Television & Radio Artists all might stop work.
The strikes could cost thousands of people their jobs. Los Angeles Mayor Richard Riordan has warned that the strikes could plunge the city and county into recession.
That could spell bad news for the rest of the country. Los Angeles has been one of the few regions still growing, pulling the rest of the economy along.
"A strike will represent a U-turn back to the days of the 1990s recession, with high unemployment and business closures," Riordan said in an April 20 press conference.
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