News

| | | |

Confusing Signs on Prospects for a Pension Initiative (& Everything Else)

Byuclafaculty

Earlier posts on this blog have outlined the possibility that some pension initiative could end up on the 2012 ballot that would override the Regents’ December 2010 decision on the UC pension. There are two “legacy” organizations that descend from the Prop 13 property tax initiative of 1978. In a previous post, we noted that one of them – Peoples Advocate – has filed a pension initiative and seems to be fishing for someone or some group to provide financial backing for a signature and election campaign. But now the other group, the Howard Jarvis Taxpayers Association, has said it…

|

Debt Deal (if there really is one) and Higher Ed

Byuclafaculty

Excerpt from Inside Higher Ed: Short-Term Stability, But … August 1, 2011 Congressional leaders appeared late Sunday to have reached a deal on increasing the nation’s debt limit that would avoid many of higher education’s worst-case scenarios: cuts to Pell Grants, the end of subsidized student loans, or a government default that would leave student financial aid and other funding for colleges in limbo going into the fall semester. But as details about the deal began to emerge Sunday evening, it became clear that the plan leaves colleges and universities with plenty of long-term uncertainty. The plan, which will be…

|

UCLA’s Contribution to the Art of the Cinema

Byuclafaculty

UCLA’s campus is often used for scenes in movies, TV shows, and commercials. Only one movie centers on UCLA and it has to be one of the worst movies ever made. But for your summer enjoyment, this blog makes it available. Much of it was filmed at UCLA with some scenes at LA City Hall, Westside Pavilion, the Natural History Museum and vicinity, and other parts of LA. Big Man on Campus (1989) In this version of “The Hunchback of Notre Dame”, a hunchback is found living in the bell tower of UCLA. He is put on trial and made…

| | |

More on Pension Initiatives: All Kinds of Clever Ideas Out There

Byuclafaculty

Yesterday, this blog featured some developments that might impede public pension ballot initiatives getting on the ballot that could potentially override the Regents’ action last December revamping the UC pension system. It only costs $200 to file initiatives. For that modest sum, the filer gets an analysis from the Attorney General (including summary description and title) and a fiscal analysis from the Legislative Analyst. Even initiatives that have a snowball’s chance in Hell get the same treatment – which clearly costs the state a lot more than $200. Here is a summary of snowball-type pension initiative that someone thought was…

| | | | |

Pension Initiative Drive Might Become More Difficult

Byuclafaculty

Earlier posts on this blog have pointed out that a pension initiative could appear on the California ballot that would override the changes made by the Regents last December in the UC pension plan. It was noted that initiatives – once qualified – go on the next statewide ballot. For 2012, that might have been February when the state presidential primary was originally scheduled. The mix of voters in a February primary might have tilted toward passage of such an initiative. Now, however, the governor has signed a bill moving the presidential primary back to June when the regular primary…

| | | |

Our Primary Concern

Byuclafaculty

The Sacramento Bee today carries a story about the resetting of the date for the California presidential primary. It focuses on the arguments made when – last time there was a presidential election (2008) – California moved its presidential primary from June (when the primary for state offices is held) to February. The idea was to be early in the presidential primary campaign season and thus have more influence on the outcome. You can read all about that idea – and whether it worked in practice – at http://www.sacbee.com/2011/07/29/3802418/california-set-to-move-its-presidential.html Where this matters for UC is in the initiative process. As…

| | |

Auditor Looks In: Now that the audit is out, a money-losing hotel would not be advisable

Byuclafaculty

Undoubtedly, the headline on the audit report for UC released today will be the generalized call for more “transparency.” The report produced a nasty back and forth between UCOP and the State Auditor as to whether what the report found was significant or not with UCOP effectively suggesting that the audit was a waste of money. The audit was the product of a request by state senator Leland Yee – now running for mayor of San Francisco – who has made something of a career out of criticizing the university. That being said, there is material in the report about…

| | | |

No More Hired Guns?

Byuclafaculty

Governor blasts California universities’ hiring of pricey presidents:Jerry Brown criticizes the trend of paying high salaries to ‘hired guns’ from out of state instead of seeking Californians who might take less Carla Rivera, Los Angeles Times, July 28, 2011 Gov. Jerry Brown on Wednesday criticized leaders of California’s public universities for recruiting highly paid “hired guns” from across the country to run campuses instead of looking for home-grown talent that might be willing to work for lower salaries. The governor said officials at California State University and the University of California appeared in recent salary decisions to have adopted a…

| |

Possible Pension Fix Coming from On High?

Byuclafaculty

Could this be the ultimate deus ex machina to fix the UC pension’s unfunded liability? Unseen comet’s orbit indicates possible crash David Perlman, San Francisco Chronicle, July 28, 2011 A stream of dusty fragments from a comet born in the outermost reaches of the solar system has hit the Earth on a path that leads astronomers to conclude the comet itself could be “potentially hazardous” if it crashes into the planet. The comet’s location is unknown, making it difficult to say when it will approach Earth, but “the orbits of the dust trail tells us that the comet is on…

| | |

Maintaining a Healthy Balance

Byuclafaculty

UC has maintained a kind of cautionary balance for its health plans meant to smooth out sudden bumps in health care premiums. Since the state budget has squeezed the UC budget – including using UC as a loan department – the Regents approved various actions at their July meeting to try and deal with the cash crunch. Among these was tapping the health reserve. As the letter below (a public document I have been assured) indicates, the systemwide University Committee on Faculty Welfare has expressed concern about completely depleting the fund. Apparently, that is not the intention at this time,…