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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

Making News McCourts File Dueling Motions regarding the Dodgers 6 MIN, 11 SEC

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.

Bill Shaikin, Los Angeles Times (@BillShaikin)

Main Topic Live by the Rich, Die by the Rich 14 MIN, 5 SEC

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.

Robert Frank, Wall Street Journal
Jean Ross, California Budget Project


Robert Frank

Reporter's Notebook DA Cooley Won't Seek Re-election 4 MIN, 51 SEC

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, former Los Angeles District Attorney

Main Topic President Obama and Change in the Middle East 26 MIN, 33 SEC

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

Making Peace With The Plo

David Makovsky

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