California schools have been counting on federal stimulus money to avoid cutting more programs and laying off teachers. They may be in for a disappointment. We talk with California’s Superintendent of Public Instruction. Also, how recession has studios driving a hard bargain with Hollywood stars. On our rebroadcast of today’s To the Point, G-20 leaders including Barack Obama are proclaiming success. We hear what’s been accomplished and what’s been left out and what’s next for the President at the 60th anniversary of NATO.
FROM THIS EPISODE
Despite predictions that their nations would be divided, the G-20 leaders said today they will take unified action against the global recession. The US and Britain say they got what they wanted. Sarkozy of France says it's “more than we could have hoped for.” Germany's Merkel calls it “almost historic.” We hear what's been accomplished, and what's been left out. For President Obama, it's on to the 60th anniversary of NATO. What's the modern role of history's most successful alliance? How much help will the US get in Afghanistan? Will NATO expansion continue in the direction of Russia?
Education spending is so confusing that different reports contain different numbers for how much California schools might get from $44 billion in stimulus money. But the conclusions are all the same, that there won't be enough to avoid more cuts in programs and a sizeable number of layoffs. At the LA Unified School District, Superintendent Ramon Cortines threatened to quit if the elected board did not layoff 8500 people, including 6000 teachers. The board voted to postpone any action, and Cortines is negotiating with various unions.
For many years, Hollywood studios have been trying to cut back on the superstar compensation that means multiple millions for big names. Now, the recession has provided an opportunity that is transforming the business. Kim Masters is host of KCRW's program The Business. She's also author of The Keys to the Kingdom: The Rise of Michael Eisner and the Fall of Everybody Else.