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FROM THIS EPISODE

Nobody knows what happened to $350 billion, so will Congress hand out the second half of last year's financial bailout? On this rebroadcast of today's To the Point, If Obama can't show that he can do better, he may suffer his first defeat before he takes office. Also on Which Way, L.A.?, parents are in for a shock as Los Angeles Unified issues report cards on schools, reporting the bad as well as the good. We talk with Superintendent Ray Cortines and State Superintendent Jack O'Connell about the crisis in public education. And on the same weekend, Clint Eastwood's Gran Torino wins at the box office and Detroit tries to overcome the legacy of 1970's muscle cars.

Producers:
Frances Anderton
Christian Bordal

Guest Interview Can Barack Obama Follow the Money?

At Barack Obama's request, President Bush will ask Congress before he leaves office for the second half of the $700 billion financial bailout. But the first half was so badly spent that Congress may not go along.

Guests:
David Cho, Staff Writer, Washington Post
Elizabeth Warren, Democratic candidate for US Senate (@elizabethforMA)
Barry Ritholtz, Fusion IQ (@ritholtz)
Steven Davidoff, Professor, Connecticut School of Law

Bailout Nation

Barry Ritholtz

Reporter's Notebook Gran Torino Wins Box Office but Signaled Downfall of Detroit

Clint Eastwood's Gran Torino had played in just 84 theaters since limited release in December. This weekend, it expanded to 2,808 theaters and, to the surprise of industry watchers, it out-grossed all other films with $29 million. Dissolve now to the Detroit Auto Show, where the companies that made cars like the Gran Torino back in the 70's are still trying to get over it. Dan Neil is auto critic for the Los Angeles Times.

Guests:
Dan Neil, Wall Street Journal (@Danneilwsj)

Main Topic LAUSD Issues Report Cards on Schools

"I want both the bad and good, and I don't want it sugarcoated." That's what the new superintendent Ray Cortines told the LA Times about the one-page report cards LA Unified is sending out today. The idea is to tell parents how well or how badly their children's schools are doing.  This change from past practice comes at a time when school districts face massive cuts because Sacramento can't get its financial act together.

Guests:
Ramon Cortines, Superintendent, Los Angeles Unified School District
Jack O'Connell, Superintendent of Public Instruction, State of California

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