Pension Initiative Seems to Be Out of Gas (for Now)

Earlier posts noted a pension initiative drive - fronted by San Jose Mayor Chris Reed - that would have swept in UC.  For now, the effort seems to have stalled.  The proponents have decided to litigate the title and summary by the attorney general of the initiative.  Effectively, that will take enough time so that … Continue reading Pension Initiative Seems to Be Out of Gas (for Now)

Neutral

Proponents of the  proposed pension/retiree health care initiative (that would cover UC) were afraid the attorney general would come up with a nasty title and summary.  It doesn't seem to have happened, however.  Other than the references to teachers, nurses, and peace officers (the public's favorite public employees), it is pretty neutral.  To the extent … Continue reading Neutral

Follow Me, Says Crane

We have previously reported on a proposed ballot initiative on public pensions in California that, as written, would cover UC.  There appears to be money behind the campaign for this initiative.  Another indication of such money comes in the form of a letter by former UC Regent David Crane on CalSTRS.  Crane was appointed by … Continue reading Follow Me, Says Crane

The Rewards of Good Behavior (and the penalties for the reverse)

With a possible pension initiative coming to the ballot, it would be nice if public pension plans stayed on Good Behavior.  Alas:Federal investigators are looking into allegations that CalPERS violated insider trading laws this year when it purchased $26.6 million in restricted stock and then decided it didn’t need to reverse the trades when they were … Continue reading The Rewards of Good Behavior (and the penalties for the reverse)

A Berkeley Admissions Dossier Reader Tells All

Yours truly confesses he missed an August 1 article in the NY Times concerning the UC-Berkeley admissions process (which undoubtedly applies to UCLA as well).  The article gets into the sensitive area of admissions in the post-Prop 209 era.  [Prop 209 bans affirmative action in admissions.]  Since you may also have missed it, here is … Continue reading A Berkeley Admissions Dossier Reader Tells All

If You Don’t Want to Talk to the Piper, Why Not Talk to the Piper’s Paymaster?

As blog readers will know, there is currently a potential ballot initiative on public pensions and other retiree benefits (health care) that as written sweeps in UC.  We won’t rehash why it would be best if UC was excluded – as it ultimately was from the governor’s pension bill.  But let’s just say for purposes … Continue reading If You Don’t Want to Talk to the Piper, Why Not Talk to the Piper’s Paymaster?

Clock is ticking away on chance to get UC out of anti-pension initiative

Previous posts on t his blog have noted the filing of an anti-pension initiative, fronted by some mayors, that would include UC along with other state and local plans.  We have noted that it would be best if UC were omitted from the initiative on the rationale that the Regents have implemented their own plan … Continue reading Clock is ticking away on chance to get UC out of anti-pension initiative

Response Would Be a Slender Reed (Pun Intended), But Why Not?

Prior posts on this blog have noted that there is an anti-pension initiative that has been filed by a group whose front man is San Jose mayor Chuck Reed.  The proposition, if it got on the ballot, would cover UC.  It would require plans do be drawn up, presumably by the Regents, to deal with … Continue reading Response Would Be a Slender Reed (Pun Intended), But Why Not?

Brown Joins Harvard in Rejecting Fossil Fuel Divestment

We have noted in previous posts that there is a student group that has been using the public comment period at the Regents to push for pension and other fund divestment of fossil fuels. (The demand involves both extraction industries and some utilities.)  It is part of a national student movement.  If you scroll back … Continue reading Brown Joins Harvard in Rejecting Fossil Fuel Divestment

Disclosure Decision Will Make It More Difficult to Hide Funding for Anti-Pension Initiative

You may recall the brouhaha that developed around secret funding by a group that opposed Proposition 30 (the governor's tax initiative) and supported Prop 32 (an anti-union initiative).  It became an issue late in that election.  Large fines have now been levied by the California Fair Political Practices Commission.  While this development may seem like … Continue reading Disclosure Decision Will Make It More Difficult to Hide Funding for Anti-Pension Initiative