Jerry Brown will almost certainly be running for re-election in 2014. It doesn't look like there will be much of a contest but there will be at least some effort devoted to the campaign.But apart from re-election, Brown is facing some "legacy" problems. During his first iteration as governor, he wasn't big - to say … Continue reading Events May Divert the Governor from MOOCs, etc., at the Regents in 2014
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)
We have been posting about a potential state ballot initiative allowing California government employers (including UC), to change pension benefit formulas of current employees going forward. We have noted that inclusion of UC is not a Good Thing. Please see prior posts for info.A news item that appeared yesterday about a similar measure that was … Continue reading Trying to Weigh the Court Decision on San Jose Pensions
We posted earlier about general plans for the state budget by the legislative Democrats which promise "more" for higher ed and UC than the Legislative Analyst's projections seemed to imply. It is unclear if there is more than what the governor will propose in early January.Below are two slides from a presentation by the legislative … Continue reading Wait and See
Maybe not so fastAn earlier post on this blog described the recent Legislative Analyst's Office (LAO) report that projected that, with a combination of continued economic growth and Prop 30 revenues while they are in effect, California's "structural" deficit had ended. We also noted that included in the LAO projections was what me termed an … Continue reading We Got a Mention
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?
People keep noticing Berkeley's White Elephant money-draining stadium - one of the grand capital projects that the Regents routinely approve based on pretty slides and business plans offered by the campuses. Peter Schrag in the San Francisco Chronicle today ties the low graduation rates of Berkeley athletes with the stadium:...Fueling the... issue is the chronic … Continue reading Lessons from Berkeley’s White Elephant Stadium for UCLA, the Regents, and UC?
Probably a different EdgeReport: Calif. losing its edge in higher educationSAN FRANCISCO -- More attention must be paid to the California State University system and to the state's community colleges if California is going to produce the educated workers its economy needs, Lt. Gov. Gavin Newsom says in a report set to be issued Tuesday. … Continue reading Losing Our Edge
JFK at UCLA: Nov. 2, 1959Since today is the fiftieth anniversary of the JFK assassination, there is much in the news media about that event. Rather than focus on that episode, we present a) the photo you see of Kennedy as a senator speaking at UCLA in 1959, and b) a Dictabelt recording of Kennedy … Continue reading JFK Talks with Pat Brown and Jerry Brown
We noted in a post yesterday that the LAO was forecasting rosy budget times ahead for the state but nonetheless seemed to want a budget freeze for UC. Today, the news media are full of statements by Gov. Brown warning the legislature not to party and to behave frugally. We also noted in prior posts on … Continue reading Maybe the Regents Finally Got the Attention of the Governor on the UC Pension Issue