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FROM THIS EPISODE

Big banks have ended their moratoriums, and home foreclosures are on the rise— as the President’s “homeowner rescue” plan is just kicking in. Also, Californians don’t want more oil drilling off the coast. What about windmills? Whatever happened to spending limits on state campaigns? And what’s the legacy of Esa-Pekka Salonen?

Producers:
Katie Cooper
Gary Scott
Sonya Geis
Karen Radziner

Making News A Billion Dollar Problem with Campaign Fundraising 6 MIN, 6 SEC

California’s next election is exactly a month away, featuring six propositions on state finance.  Interest groups on all sides will be doing a lot of spending.  In 2000, voters passed Prop 34 to limit the influence of money, but it hasn’t worked out that way.  Campaigns for candidates and ballot measures have raised more than one billion dollars in the past 8 years—344,000 dollars a day…14,000 dollars an hour…24/7…365 days a year.  hat’s according to a report called “The Billion-Dollar Money Train,” issued by the state’s Fair Political Practices Commission.

Guests:
Ross Johnson, Chairman, California Fair Political Practices Commission

Reporter's Notebook LA Phil Says So Long to Salonen, Hello to Dudamel 9 MIN, 43 SEC

On Sunday, Esa-Pekka Salonen will conduct his last concert as music director of the Los Angeles Philharmonic.

Guests:
Mark Swed, Classical Music Critic, Los Angeles Times

Main Topic Is a Wave of Foreclosures Heading Our Way? 26 MIN, 34 SEC

Fannie Mae, Freddie Mac and a lot of big mortgage banks have quietly ended their moratoriums on home foreclosures. The foreclosure listing firm Realty Trac reports today that the number of households threatened with losing their homes jumped 24% in the first three months of this year.

Guests:
Ruth Simon, Senior Special Writer at The Wall Street Journal
Douglas McIntyre, Co-editor of 247WallSt.com
Sean O'Toole, Founder and CEO of ForeclosureRadar.com

Main Topic Wind on the Water: Will California Accept Turbines Off the Coast? 9 MIN, 53 SEC

In San Francisco today, Interior Secretary Ken Salazar has been chairing a hearing on oil drilling off the shores of California.  The Bush Administration left behind a proposal to offer 44 million acres off the coasts of Mendocino and Humboldt counties up north and 89 million acres of the counties of San Diego, Ventura, Santa Barbara and San Luis Obispo.

Guests:
Paul Rogers, San Jose Mercury News (@PaulRogersSJMN)
Ann Notthoff, California Advocacy Director for the Natural Resources Defense Council

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