Which Way, L.A.?
America's Financial Crisis and LA's Burst Water Mains
LA's water system is a marvel of engineering, but parts of it are almost 100 years old. Is that why there's been an epidemic of broken water mains? Does the DWP need another rate hike to fix the problem? Also, the recession and unemployment in California. On our Rebroadcast of today's To the Point, it's been a year now since Lehman Brothers was allowed to go bankrupt, and the financial meltdown really got under way. Since Barack Obama took over, has there been more continuity than change?
By Warren Olney • • 52m ListenTwo more water mains broke last night. LA Times columnist Steve Lopez says, "It's like geyser park out there." As the City Council considers layoffs and furloughs, the Department of Water and Power wants another rate hike. We hear from defenders and critics. Also, the recession and unemployment in California. On our Rebroadcast of today's To the Point, it's been a year now since Lehman Brothers was allowed to go bankrupt, and the financial meltdown really got under way. Since Barack Obama took over, has there been more continuity than change? Could it happen all over again?
Banner image: Los Angeles mayor Antonio Villaraigosa talks to reporters near a 22-ton Los Angeles Fire Department fire truck protruding from a sinkhole on September 8, 2009 in the Valley Village neighborhood of Los Angeles. Photo: David McNew/Getty Images
In this episode
3 storiesOne Year after the Wall Street Meltdown
Henry Paulson had been the CEO of Goldman Sachs, a Republican and a free marketeer. But as George W.
Read the story26 minCalifornia Economy Improving, but Still Waiting for Jobs
Ben Bernanke says the recession is finally over, at least from what he calls "a technical perspective." The UCLA Anderson quarterly forecast says a turnaround has begun in Southern California, even though the state's unemployment rate will rise to more than 12% by the end of this year.
Read the story6 minTwo More Water Mains Burst
Two more water mains burst last night in the San Fernando Valley, just days after a fire engine was almost swallowed in a North Hollywood sink hole and a gusher broke through the pavement in Studio City.
Read the story20 min
