City wagers on entertainment may backfire

COVID-19 and the severe recession it spawned abruptly ended what had been one of California’s longest-running and most powerful economic booms.
California’s unemployment rate more than quadrupled as millions of jobs vanished in the partial economic shutdown ordered by Gov. Gavin Newsom. Seven months later, the economy has rebounded a bit as restrictions have eased, but economists see full recovery taking years.
The recession has eaten into family finances, permanently shuttered many