Author: uclafaculty

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Ham and Eggs: November 15

Byuclafaculty

The UCLA Faculty Women’s Club will be hosting yours truly on Tuesday, November 15, 1:30 PM, at the Faculty Center to talk about “Ham and Eggs Pensions in California.” Below is the text from the above announcement. FDR wasn’t the only one who wanted to end destitution among the elderly. Even after Social Security became law, about 80 old-age pension proposals competed for support in California alone. The most prominent and sensational became known as“Ham and Eggs.” It promised “$30 every Thursday” for each unemployed Californian aged 50 or older. The idea was that every pensioner deserved a square meal…

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The Governor is the Lone Ranger on the Trigger

Byuclafaculty

The Sacramento Bee today carries a story about the budget for next year, the trigger based on this year’s revenues, etc. It refers to various projections made by the governor and others which unfortunately continue the standard state (and local) practice of mixing up stocks and flows and using words such as “deficit” outside the common meaning. First, it talks about a projected “deficit” for next year of around $3 billion. Anyone is free to project. But what was adopted last June was a budget for 2011-12. Anything beyond that is at most a “workload” projection. And, if you mean…

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Stolen Data

Byuclafaculty

UCLA Health System warns patients personal information was stolen Anna Gorman, Los Angeles Times. 11/5/11 The UCLA Health System is warning thousands of patients that their personal information was stolen and they are at risk of possible identity theft, officials said in a statement released Friday. Officials don’t believe the information has been accessed or misused but are referring patients to a data security company if their name and credit are affected. Information from 16,288 patients was taken from the home of a physician whose house was burglarized Sept. 6, according to the UCLA Health System… The theft is not…

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Occupy UC?

Byuclafaculty

UC, CSU campuses to be site of economic-based protests Sacramento Bee, 11/5/11, Laurel Rosenhall The wave of anger at banks that has swept the country with the recent Occupy movement is coming to California college campuses next week. …The group sent letters Friday to University of California regents and trustees of the California State University, asking them to sign a pledge to support five items: increasing income taxes on California’s wealthiest; changing Proposition 13 so that corporate property taxes could rise; enacting a federal sales tax on large-scale financial transactions; reducing underwater mortgage debt; and reversing tuition increases, layoffs, and…

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And don’t forget the trigger

Byuclafaculty

Just a reminder that we still have the budget trigger – enacted by the legislature – aimed at UC among others. (If revenues don’t match certain projections, additional budget cuts are imposed.) Here is what state controller John Chiang had to say about it: …The Democratic controller credited the “trigger” cuts for adding certainty to the state budget in unpredictable times, noting that credit rating agencies have looked favorably on that mechanism. But he knows many Democratic lawmakers, who agreed to triggers only at Brown’s urging, don’t feel the same way. “As I share with a few legislators when I…

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Too Much Pension News (and Some Useful Data)

Byuclafaculty

The Regents Committee on Compliance and Audit is meeting via teleconference on Nov. 7 in advance of the general Regents meeting the following week. We will post the audio when it becomes available. The agenda for the full Regents meeting has not been posted yet, but the Regents are likely to have some discussion related to the governor’s pension proposals. Included in the Committee’s agenda is an audit of the pension plan. Below is a data summary taken from that audit. The full document is at: http://www.universityofcalifornia.edu/regents/regmeet/nov11/a5attach4.pdf = = = = = = = = = = = = =…

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Questions, Answers, & Comments Needed on Hotel/Conference Center

Byuclafaculty

Now that we have arrived at the morning after on the hotel/conference center plan, it is important to consider what we don’t know. We don’t yet have a business plan. So we don’t have yearly projections of assumed revenues and expenditures. We don’t know what assumptions are being made about the demand on campus for conferences and overnight stays. We don’t know how the facility will be operated. Will it be staffed by UCLA employees? Contracted out? There appeared to be an error in the initial press release about assumed future local area competitive hotel rates. What are the actual…