Which Way, L.A.?
The Rich Get Richer, Aiding California's Bottom Line
As California's budget drama drags on, many people say let's tax the rich. It turns out, we do. That's why state revenue has unexpectedly gone up by $6.6 billion, but...
By Warren Olney • • 1h 0m ListenAs California's budget drama drags on, many people say let's tax the rich. It turns out, we do. That's why state revenue has unexpectedly gone up by $6.6 billion, but it's also one of the reasons state finances are in such a mess. What goes up can -- unexpectedly — come down. Also, Frank and Jamie McCourt get into another dispute about financing the Dodgers. On our rebroadcast of today's To the Point, President Obama and change in the Middle East.
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In this episode
4 storiesMcCourts File Dueling Motions regarding the Dodgers
There's a new chapter in the saga of Frank and Jamie McCourt. She wants to sell the Dodgers. He doesn't. Yesterday and today, they exchanged court filings on whether she has any right to interfere with a deal he claims will give him a chance to make payroll before the end of the month.
Read the story6 minLive by the Rich, Die by the Rich
California's dependence on wealthy taxpayers brought some good news this week with $6.6 billion in new revenue . But, in the future, bad news is virtually inevitable -- for the same reason. We hear from Robert Frank, writer and blogger for the Wall Street Journal , and Jean Ross, Executive Director of the California Budget Project .
Read the story14 minDA Cooley Won't Seek Re-election
Steve Cooley has been Los Angeles District Attorney for three terms, longer than anyone else in the past 70 years. His decision this week not to go for a fourth term has energized a crowd of candidates, almost all of whom said they would not run if Cooley sought re-election. Rick Orlov covers local government for the Daily News .
Read the story5 minPresident Obama and Change in the Middle East
President Obama has made his second major address on the Mid East and North Africa. We hear how he thinks the US needs to adapt to changes brought on by the so-called Arab Spring, and what they mean for Israel and the Palestinians.
Read the story27 min
