FROM Daniel J.B. Mitchell
Can Washington Ignore the Biggest State in the Union? In 1975, a local newspaper headline said, "Ford to New York City: Drop Dead." But President Gerald Ford relented and agreed to back loans that kept the city from going bankrupt. Now California is asking Washington for a similar kind of help. Will Washington want to see sick children out on the street? What about the municipal bond market?
New Grocery Workers Contract Regains Benefits It appears that one of LA’s major economic engines will not be shut down by a labor dispute as shipping companies and the Longshore and Warehouse Union reached a tentative agreement today. If it’s ratified, that’s good news for the Ports of Long Beach and Los Angeles. Over the weekend, Southern California grocery workers approved an agreement that brought peace to Vons, Ralphs and Albertsons. Union members got their first raises in five years and the new contract repeals the two-tier pay scales enacted after a 141-day strike and lockout four years ago.
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?