Ben Stapleton frames the shot with his hands like a movie director, sharing his vision of a junkyard he’s trying to sell for $3.5 million. He sees artist workspaces, retail shops and apartments with Los Angeles skyline views, steps from a riverfront oasis.
California lawmakers are racing a deadline to overhaul an $11 billion bond program to upgrade aqueducts, reservoirs and pipelines, some almost a century old, under pressure from a third year of severe drought.
Arnold Schwarzenegger swore after his first month as California governor that he’d rip up the state’s credit cards. Instead, the Republican former action- movie hero pushed through at least $52 billion of borrowing.