The Rich Get Richer, Aiding California's Bottom Line
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As California's budget drama drags on, many people say let's tax the rich. It turns out, we do. That's why state revenue has unexpectedly gone up by $6.6 billion, but it's also one of the reasons state finances are in such a mess. What goes up can -- unexpectedly — come down. Also, Frank and Jamie McCourt get into another dispute about financing the Dodgers. On our rebroadcast of today's To the Point, President Obama and change in the Middle East.
Banner image: Linkedin CEO Jeff Weiner (C, front, with beard) and founder Reid Garrett Hoffman (C, rear with glasses) at the trading post after the opening bell of the New York Stock Exchange May 19, 2011 during the initial public offering of the company. Photo: Stan Honda/AFP/Getty Images
McCourts File Dueling Motions regarding the Dodgers ()
There's a new chapter in the saga of Frank and Jamie McCourt. She wants to sell the Dodgers. He doesn't. Yesterday and today, they exchanged court filings on whether she has any right to interfere with a deal he claims will give him a chance to make payroll before the end of the month. Bill Shaikin is baseball columnist for the Los Angeles Times.
Live by the Rich, Die by the Rich ()
California's dependence on wealthy taxpayers brought some good news this week with $6.6 billion in new revenue. But, in the future, bad news is virtually inevitable -- for the same reason. We hear from Robert Frank, writer and blogger for the Wall Street Journal, and Jean Ross, Executive Director of the California Budget Project.
DA Cooley Won't Seek Re-election ()
Steve Cooley has been Los Angeles District Attorney for three terms, longer than anyone else in the past 70 years. His decision this week not to go for a fourth term has energized a crowd of candidates, almost all of whom said they would not run if Cooley sought re-election. Rick Orlov covers local government for the Daily News.
- Steve Cooley: Los Angeles County District Attorney
President Obama and Change in the Middle East ()
President Obama has made his second major address on the Mid East and North Africa. We hear how he thinks the US needs to adapt to changes brought on by the so-called Arab Spring, and what they mean for Israel and the Palestinians.
- Brian Katulis: Center for America Progress, @Katulis
- Fares Braizat: Arab Center for Research
- David Makovsky: Washington Institute for Near East Policy
- Gary Sick: Columbia University
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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