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Another Battle in California’s Water Wars?
California voters may have one more measure on the November ballot: 9.3 billion dollars in water bonds proposed by Republican Governor Schwarzenegger and Democratic Senator Feinstein. But the Sierra Club says, let’s first spend the money approved in past elections. We’ll look at an increasingly urgent issue where the devil is always in the details. Also tonight, Pasadena’s IndyMac bank re-opens under federal control. Will depositors get their money?
By Warren Olney • • 30m ListenCalifornia voters may have one more measure on the November ballot: 9.3 billion dollars in water bonds proposed by Republican Governor Schwarzenegger and Democratic Senator Feinstein. But the Sierra Club says, let’s first spend the money approved in past elections. We’ll look at an increasingly urgent issue where the devil is always in the details. Also tonight, Pasadena’s IndyMac bank re-opens under federal control. Will depositors get their money?
In this episode
2 storiesIndyMac Bank Re-Opens Its Doors After Being Taken Over by the FDIC
Last week the federal government closed down the IndyMack Bank in Pasadena—a major mortgage holder with 33 branches. When it reopened this morning, depositors were lined up on the sidewalks.
Read the story12 minSchwarzenegger and Feinstein Team Up on a New Water Bond
Global warming is one threat to California’s water supply. Another is the fragile condition of the Sacramento-San Joaquin River Delta, which irrigates thousands of acres of crops and supplies drinking water for two-thirds of Californians. Late last week, Governor Arnold Schwarzenegger and US Senator Diane Feinstein—a Republican and a…
Read the story12 min
