Which Way, L.A.?
Global Warming, the Auto Industry and Barack Obama
The Big Three automakers want federal help. Barack Obama and Democrats in Congress want more fuel-efficient cars. California is right in the middle of one of Obama's first presidential controversies. Also, Goldman Sachs advised to short California bonds it helped sell, and we talk with the 90-year old Californian who was Grand Marshall of the Veterans' Day Parade in New York City.
By Warren Olney • • 30m ListenThe Big Three automakers want federal help. Barack Obama and Democrats in Congress want more fuel-efficient cars. California is right in the middle of one of Obama's first presidential controversies. Also, Goldman Sachs advised to short California bonds it helped sell, and we talk with the nurse who kissed the sailor on a Life magazine cover that's come to symbolize the end of World War II. She's an LA resident who was Grand Marshall of the Veterans' Day Parade in New York City.
Banner image: General Motors workers exit from the gate of the GM Powertrain plant in Warren, Michigan. Photo: Bill Pugliano/Getty Images
In this episode
3 storiesGoldman Sachs Advised to Short California Bonds It Helped Sell
The investment banker Goldman Sachs collected millions of dollars in fees to help California sell bonds, supposedly the most secure of investments. But at the same time, Goldman Sachs was showing other clients how to profit from California's financial troubles, by betting against those very same bonds.
Read the story6 minGlobal Warming, the Auto Industry and Barack Obama
Governor Schwarzenegger signed a law regulating tailpipe emissions of carbon dioxide, a greenhouse gas. But President Bush refused to allow a required waiver of federal law, even though 16 other states said they'd go along with California. Both presidential candidates promised to overrule the President's order.
Read the story12 minLA Resident Returns to the Scene of the Kiss on Veterans Day
Edith Shain is a retired Los Angeles Unified school teacher who went back to Times Square today as Grand Marshall of New York's Veterans Day Parade. She insists that she was the nurse who was coming out of the subway in 1945 to be grabbed and kissed by a sailor celebrating the end of World War II. The photographer Alfred Eisenstaedt took their…
Read the story6 min
