Federal Finance Reform; California Losing Race to the Top
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The results are in, and California's a loser in President Obama's Race to the Top for education reform. We talk with the Superintendent of Public Instruction. Also, an update on today's "Day of Action," a national protest over school budget cuts and tuition increases that started in California. On our rebroadcast of today's To the Point, the taxpayer bailout of banks that were "too big to fail" was followed up with the promise of finance reform to protect consumers. But a sweeping House measure is stalled in the Senate. Are lobbyists destroying its chances with Democrats as well as Republicans?
Banner image: Secretary of Education Arne Duncan announces Race to the Top finalists
Whatever Happened to Finance Reform? ()
It's more than a year since the collapse of Lehman Brothers signaled the start of the Great Recession. The Obama Administration proposed a financial overhaul and the House passed sweeping reforms. But now they're bogged down in the Senate.
- Binyamin Appelbaum: National Banking Reporter, Washington Post, @BCAppelbaum
- Felix Salmon: Finance blogger, Reuters, @felixsalmon
- Scott Talbott: Senior Vice President for Government Affairs, Financial Services Roundtable, @scottfsround
- Mike Calhoun: President, Center for Responsible Lending
Why Is California Losing the Race to the Top? ()
President Obama set aside $4.3 billion for education reform and told states to compete in what he called, the Race to the Top. Governor Schwarzenegger and the Legislature battled for weeks before enacting a package of new laws, in the hopes of winning $700 million in federal dollars. Today, 16 winning states were announced out of 41 that applied -- but the Golden State was a loser. We ask the State Superintendent of Public Education and others what happened.
- Lesli Maxwell: Staff Writer, Education Week
- Jack O'Connell: Superintendent of Public Instruction, State of California
California Students and Faculty Protest Education Cuts ()
Today was a "Day of Action" across the country, with 100 protests in 32 states, a national demonstration that started in California. It's all about massive cuts in public universities and colleges, along with dramatic increases in fees and tuition. Anthony Francoso is a Sociology Lecturer at Cal State LA and a member of the California Faculty Association.
- Anthony Francoso: Lecturer in Sociology, Cal State LA
Which Way L.A.? is made possible in part by the Ralph M. Parsons Foundation, the Nathan Cummings Foundation, and the John Randolph Haynes and Dora Haynes Foundation, which supports study and research into policy issues of the Los Angeles region.
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