Which Way, L.A.?
Stockton Files for Bankruptcy
Stockton officially has become the largest American city to go bankrupt. Will others follow? What's the impact on the statewide economy?
By Warren Olney • • 1h 0m ListenStockton has "cut off an arm to save the body" — stopped bond payments, slashed employee benefits and adopted a "survival budget." It's now officially the largest American city to go bankrupt. Will others follow? What's the impact on the statewide economy? Also, a measure to ban hydraulic fracturing, or fracking, by oil companies in California has passed another legislative committee. Are the fears of environmentalists and others justified? Why doesn't the state demand more transparency? On our rebroadcast of today's To the Point, Mexico's drug war and Sunday's presidential election.
In this episode
3 storiesStockton Files for Bankruptcy: Who's Next?
Earlier this week, we heard that the City of Stockton was into mediation with creditors and public unions, but no agreement was reached in time to avoid bankruptcy.
Read the story13 minCalifornia Fracking Moratorium Moves Forward
Despite widespread concern by environmental groups and residents from Ventura to Culver City, the legislature has refused to require oil companies to disclose where they're conducting hydraulic fracturing – fracking -- or to reveal what chemicals they use in the process.
Read the story11 minMexico: the Drug War and Sunday's Presidential Election
Mexico is in the throes of a war against drug cartels that's killed more than 50,000 people. Four days before Sunday's presidential election in Mexico, the return of the Institutional Revolutionary Party (PRI) is widely predicted. That's the party that governed for 71 years until it was rejected 12 years ago.
Read the story27 min
