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To the Point

Tracking the Great Recession, Region by Region

To the Point

KCRW

News

4.4583 Ratings

🗓️ 4 March 2009

⏱️ 50 minutes

🧾️ Download transcript

Summary

No place in America is recession proof, but some places are being hit much harder than others.  Today we find out where it's worst and why, and ask what communities will need most to help them to bounce back.  Also, new details on the Obama Administration's foreclosure prevention program, and a sitting head of state is indicted for crimes against humanity.

Transcript

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0:00.0

From PRI, Public Radio International and KCRW Santa Monica, this is To the Point.

0:08.0

Tracking the Great Recession, region by region.

0:14.2

Hello again, I'm Arminalny, and this is To the Point from Public Radio International.

0:18.0

A daily look at the issues Americans care about most.

0:20.7

In Detroit, the median price of a new home is now estimated at $7,500.

0:25.4

That's not a mistake, $7,500, less than the lowest price new car on the market.

0:31.3

In Lehigh Acres, once a middle-class suburb outside of Miami,

0:34.7

one out of every four people is now on food stamps.

0:39.2

Wall Street's been hit hard by unemployment, but New York City is strong and diverse enough to rebuild. Other parts of the country

0:44.6

may not be so lucky. On to the point, the impact of the recession in different regions and their

0:50.1

different prospects for economic recovery. On reporter's notebook later on, a sitting head of state indicted for crimes against humanity,

0:57.9

first the news.

0:58.8

Support for To the Point comes from subscribers of KCRW Santa Monica and from the Public Radio

1:04.3

International Program Fund, whose contributors include the Ford Foundation, the John D.

1:09.0

and Catherine T. McArthur Foundation, and the Rockefeller Foundation and its campaign for American workers. More at rockfound.org. Hello again, Warren Alney, back with To the Point. No place in America is recession proof, but some places are being hit much harder than others. Today, we'll find out where it's worst and why and will ask what communities will

1:27.9

need most to help them bounce back. On reporter's notebook, Sudan's president Omar al-Bashir

1:33.4

has been indicted by the International Criminal Court. We'll hear what that could mean for him

1:38.0

and for his country. First is news update. The Obama administration announced today

1:42.8

details of a massive foreclosure prevention

1:45.4

program. It could help 9 million homeowners lower their payments, and it takes effect immediately.

1:51.1

Kevin Hall is National Economics correspondent for the McClatchie newspapers, and Kevin's good to have you on our program.

1:55.8

Thanks having me back. Who could qualify to have mortgage payments reduced?

...

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