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FROM THIS EPISODE

The Big Three automakers want federal help. Barack Obama and Democrats in Congress want more fuel-efficient cars. California is right in the middle of one of Obama's first presidential controversies. Also, Goldman Sachs advised to short California bonds it helped sell, and we talk with the nurse who kissed the sailor on a Life magazine cover that's come to symbolize the end of World War II.  She's an LA resident who was Grand Marshall of the Veterans' Day Parade in New York City.


Banner image: General Motors workers exit from the gate of the GM Powertrain plant in Warren, Michigan. Photo: Bill Pugliano/Getty Images

Producers:
Karen Radziner
Katie Cooper

Making News Goldman Sachs Advised to Short California Bonds It Helped Sell 6 MIN, 28 SEC

The investment banker Goldman Sachs collected millions of dollars in fees to help California sell bonds, supposedly the most secure of investments. But at the same time, Goldman Sachs was showing other clients how to profit from California's financial troubles, by betting against those very same bonds. Sharona Coutts reports for the investigative journalism project ProPublica, which published the story today with the Los Angeles Times.

Main Topic Global Warming, the Auto Industry and Barack Obama 12 MIN, 12 SEC

Governor Schwarzenegger signed a law regulating tailpipe emissions of carbon dioxide, a greenhouse gas. But President Bush refused to allow a required waiver of federal law, even though 16 other states said they'd go along with California.  Both presidential candidates promised to overrule the President's order. Now it's Barack Obama who's stuck with keeping his word at the same time the Big Three automakers are threatened with bankruptcy. We get a preview of one of Obama's first presidential controversies.

Guests:
Charles Territo, Spokesman, Alliance of Automobile Manufacturers
David Doniger, Natural Resources Defense Council (@NRDC)

Reporter's Notebook LA Resident Returns to the Scene of the Kiss on Veterans Day 5 MIN, 52 SEC

shain-kiss.jpgEdith Shain is a retired Los Angeles Unified school teacher who went back to Times Square today as Grand Marshall of New York's Veterans Day Parade.  She insists that she was the nurse who was coming out of the subway in 1945 to be grabbed and kissed by a sailor celebrating the end of World War II.  The photographer Alfred Eisenstaedt took their picture, which became one of Life magazine's most famous covers.  She's in New York, ready to take a plane to come back to LA.

Guests:
Edith Shain, retired school teacher

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