The nation's financial crisis -- coupled with California's fiscal woes -- means big challenges for higher education. First, student financial aid checks were delayed due to the budget impasse. Then the University of California's endowment lost $1 billion. Now, faced with a second round of funding cuts, the Cal-State University system has decided to cap enrollment for the first time in its history. Reporter: Elaine Korry
Like those who came before him, President-elect Obama is expected to issue a flurry of executive orders upending the policies now in place for a host of issues. California's stem cell research advocates are looking east with interest. Reporter: John Myers
End Music: "Sous le Soleil" by Major Boys featuring Aurelia from the CD "Hotel Costes" (PSCHENT)