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FROM THIS EPISODE

California voters may have one more measure on the November ballot: 9.3 billion dollars in water bonds proposed by Republican Governor Schwarzenegger and Democratic Senator Feinstein. But the Sierra Club says, let’s first spend the money approved in past elections. We’ll look at an increasingly urgent issue where the devil is always in the details. Also tonight, Pasadena’s IndyMac bank re-opens under federal control. Will depositors get their money?

Producers:
Karen Radziner
Christian Bordal

Main Topic Schwarzenegger and Feinstein Team Up on a New Water Bond 11 MIN, 32 SEC

Global warming is one threat to California’s water supply.  Another is the fragile condition of the Sacramento-San Joaquin River Delta, which irrigates thousands of acres of crops and supplies drinking water for two-thirds of Californians.  Late last week, Governor Arnold Schwarzenegger and US Senator Diane Feinstein—a Republican and a Democrat—proposed a 9.3 billion dollar bond for the November ballot. 

Guests:
Sue Sims, Chief Deputy Director and spokesperson for the California Department of Water Resources
Jim Metropulos, Sierra Club of California

Making News IndyMac Bank Re-Opens Its Doors After Being Taken Over by the FDIC 12 MIN, 2 SEC

Last week the federal government closed down the IndyMack Bank in Pasadena—a major mortgage holder with 33 branches.  When it reopened this morning, depositors were lined up on the sidewalks. 

Guests:
Kathy Kristof, Financial reporter and columnist for the Los Angeles Times

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