Which Way, L.A.?
Tentative Budget Deal Reached
Word of a budget deal in Sacramento includes these numbers: $14 billion in new taxes, $16 billion in spending cuts and $10 billion in new debt. We get the details and hear about charges that Republicans are breaking anti-bribery laws. Also, what’s in store for the Motion Picture and Television retirement home? On our rebroadcast of today's To the Point, President Obama wants big money to forestall foreclosures. Is that a sound public investment? Why is homeownership equated with the American Dream?
By Warren Olney • • 1h 0m ListenPresident Obama wants big money to forestall foreclosures. On this rebroadcast of today’s To the Point, is that a sound public investment? Why is homeownership equated with the American Dream? What’s wrong with renting? Also, leaking out from under a “cone of silence” in Sacramento is a budget agreement -- at last.We hear about spending cuts, tax increases and charges of illegal vote-trading by the Republicans.Also, what’s in store for the Motion Picture and Television retirement home?
In this episode
3 storiesHomeownership and the American Dream
Six years ago, George W. Bush declared that, “owing a home lies at the heart of the American dream.” Yesterday, President Barack Obama said that home foreclosure means losing a “foothold in the American Dream,” an idea that dates back to the Great Depression.
Read the story27 minTentative Budget Deal Reached
With California facing a $42 billion shortfall in the next 18 months, just five people are negotiating a state budget with consequences that could last for a decade. Today, reports leaked from the “cone of silence” surrounding Governor Schwarzenegger, two Republicans and two Democrats who lead their parties in the Assembly and Senate.
Read the story16 minMotion Picture and Television Home
One of LA's most venerable institutions is the Motion Picture and Television Retirement Home in Woodland Hills. It was started by Mary Pickford and Charlie Chaplin 87 years ago. Recently the foundation that runs it said it was losing $10 million a year and would have to close part of it down.
Read the story9 min
