News Panel: The latest on the foreclosure deal, Prop 8, and more
California is among 49 states to reach a $25 billion foreclosure abuse settlement with five of the largest mortgage lenders, including Bank of America and Wells Fargo. Attorney General Kamala Harris said her tough negotiating helped raise California's share from $4 billion to $18 billion and left the door open for future prosecution of fraudulent lenders. However, there are calls to bring broader relief to struggling home owners not covered by the current settlement. Proponents of same-sex marriage celebrated the Ninth Circuit Court's 2 to 1 decision overturning Proposition 8, ruling that California's voter approved ban is unconstitutional because it violates the rights of a minority group. The issue may go next before the U.S. Supreme Court. Caltrans officials announced this week that the $6.3 billion Bay Bridge overhaul will be completed by Labor Day, 2013. The westbound direction is scheduled to be shut down over President's Day weekend, weather permitting, for the next major phase of construction. On the other side of the bay, construction on the Doyle Drive approach to the Golden Gate Bridge could run into costly delays due to a funding shortfall.
- Aaron Glantz, The Bay Citizen
- Scott Shafer, KQED Public Radio
- Tom Vacar, KTVU News
Also on KQED.org this week ...
Drought Watch 2015: Record-Low Sierra Snowpack
The Sierra Nevada snowpack, which typically supplies nearly a third of California's water, is showing the lowest water content on record: 6 percent of the long-term average for April 1. That shatters last year's low-water mark of 25 percent (tied with 1977).
"Boomtown" History of the San Francisco Bay Area
KQED's "Boomtown" series will seek to identify what is happening in real time in the current boom, and also draw out the causes and possible solutions to the conflicts and pressures between the old and the new.