US Senator Barbara Boxer says the deadlock in Sacramento threatens federal stimulus money for California. We hear about that and look at the unlikely prospects for change after next month's election in the City of LA. On our rebroadcast of today's To the Point, in Arizona today, President Obama outlined his massive new plan to deal with the mortgage crisis. He explained why he thinks it's worth $75 billion.
FROM THIS EPISODE
In Phoenix, Arizona today, President Obama says it's worth $75 billion to rescue nine million homeowners already in default or “underwater” with loans worth more than their houses. He said his plan would not reward “the unscrupulous or irresponsible” -- speculators, dishonest lenders or buyers who knew they were assuming obligations they couldn't afford. We hear how homeowners can qualify for assistance and get some informed reaction.
Peter Coy, Bloomberg BusinessWeek
Peter Morici, University of Maryland (@pmorici1)
Russell Roberts, Stanford University / EconTalk (@econtalker)
April Charney, Senior Attorney of the Consumer Unit, Jacksonville Area Legal Aid
Although the details of the President’s home mortgage plan won’t be released for two weeks, the White House revealed quite a lot today. We hear more about the plan and how it could impact Southern California homeowners.
Los Angeles' next city election is less than three weeks away, but Mayor Villaraigosa and his allies have weak opposition, and it's unlikely that much will change when the voting is over. As President of the Mayor's Planning Commission, Jane Usher won high praise from homeowner groups and civic bloggers who say that developers have too much clout at City Hall. She resigned to give the Mayor what she called “fresh eyes” for his inevitable second term, but in a letter urged him, among other things, to “please reject the careless, sprawl-inducing approach of adding density at every rapid bus stop.”
Jane Usher, Special Assistant City Attorney, City of Los Angeles
More From Which Way, L.A.?
Which Way, LA? The Question that Won't Go Away 23 years ago, the fires of the Rodney King riots were burning and the sirens wailing when KCRW first asked, WWLA? We've been through fires, floods, earthquakes and massive social, cultural and economic change. While this is the last program titled WWLA? the question still needs to be asked. We talk with a group of important and thoughtful people about what LA has become and about the challenges to be faced in the future…as we continue.
Then and Now: Is LA Still the Car Capital of the World? Urban planners got some bad news today. Ridership on public transit in Southern California is on the decline, despite the billions being spent in recent years to build light rail and subway lines. Why aren't more drivers leaving their cars at home, as traffic gets more congested than ever? Meantime, there's a shortage of money to repair aging roads, bridges and other parts of the infrastructure. We look at the impact on the state's economy.
Does California Have a Double Standard for the Public's Protection? Porter Ranch and Vernon are mirror images of each other. In one, schools have been closed and thousands of residents are being moved away by the polluter—just months after a natural gas leak was discovered. In the other, residents complained for years about health risks to school children from exposure to lead and arsenic from a battery recycling plant— until the federal government finally stepped in.
Is 'Warfare' a Thing of the Past at the LAPD? Video of police misconduct wasn’t as common 25 years ago as it is today. The spectacle of LAPD officers beating Rodney King was a wake-up call, but didn’t persuade a jury in Simi Valley. When the cops received not-guilty verdicts, the city exploded. We hear from veteran officers who say they’ve changed. What about their tactics? Have they gained the trust of marginalized communities and people of color?
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