Which Way, L.A.?
Golden State Isn't So Shiny Any More
California cuts in services will follow massive tax-breaks for big corporations. How did a great state become so dysfunctional? Also, If Sam Zell’s losing control of the LA Times, will likely new owners be better or worse? On our rebroadcast of today’s To the Point, President Obama’s put healthcare reform at the top of the White House agenda.
By Warren Olney • • 52m ListenThe Governor and the Legislature are debating budget reductions in public, but tax cuts for business were worked out behind closed doors. We hear about that, talk about what’s become of “The Golden State,” and hear what might be next for the Los Angeles Times. On our rebroadcast of today’s To the Point, President Obama’s put healthcare reform at the top of the White House agenda. Would universal coverage bring cost control? As debate rages over a public option to private insurance, why is a single-payer plan off the table?
In this episode
3 storiesHow Did California Become Such a Dysfunctional State?
Governor Schwarzenegger and the Legislature are in the midst of re-writing the social contract, cutting education and services to poor children, the elderly, the blind and disabled. Debates over those measures are being held in public. Big tax cuts for major corporations have already been made, but they were negotiated in private.
Read the story24 minIs This Finally the Moment for Healthcare Reform?
While he was still in Europe, President Obama spoke to his Saturday radio audience about healthcare reform . The President wants reform enacted before Congress goes home in August, but devilish details are not yet resolved.
Read the story20 minWill Zell Lose Control of the Tribune Company?
Bankruptcy negotiations are under way between creditors of the Tribune Company , which owns the Los Angeles Times . The result may well be that the current manager, billionaire Sam Zell, may lose control. That’s according to Professor Douglas Baird, who specializes in corporate reorganization at the University of Chicago Law School.
Read the story7 min
