pensions

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Brown Joins Harvard in Rejecting Fossil Fuel Divestment

Byuclafaculty

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 to our links to Regents meetings, you will be able to hear those demands. Recently, as we have noted, Harvard rejected the demand.  See http://www.insidehighered.com/news/2013/10/04/harvard-rejects-call-divest-fossil-fuels.  Today, Inside Higher Ed is reporting that Brown University has also rejected it.  See http://www.insidehighered.com/quicktakes/2013/10/28/brown-u-rejects-call-sell-holdings-coal-companies. Given the current anti-pension initiative…

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The Whitaker-Baxter style campaign for the anti-pension initiative continues

Byuclafaculty

An earlier post on this blog provided a bit of California political history regarding Clem Whitaker and Leone Baxter, the couple in the photo, who developed an approach to campaigning in the 1930s.  As we noted, they developed a network that provided editorial content to newspapers around the state, pushing whatever cause they were paid to promote. The proponents of the anti-pension/anti-retiree health care initiative that was recently filed and which sweeps in UC, seem to be following the Whitaker-Baxter playbook, as we have previously noted.  Yet another example can be found below in which one newspaper reprints a pro-initiative…

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

Byuclafaculty

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 old political news, it will be relevant for whatever groups are pushing the anti-pension initiative about which we have been posting and which covers UC.  It will be more difficult – but not impossible – to continue to hide behind the friendly faces of a…

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The Anti-Pension Initiative: What Can UC Do?

Byuclafaculty

The State Worker blog of the Sacramento Bee carries a piece on what the political campaign against the anti-pension/anti-retiree health care initiative will likely look like.  Excerpt: Chuck Reed’s public-employee pension initiative is a long way from making it to a statewide vote – money being the biggest hurdle – but labor unions have already started blasting the proposal. The San Jose mayor’s measure would, among other things, change the California Constitution to explicitly allow state and local governments in a fiscal emergency to cut future retirement costs by lowering current employees’ benefits prospectively but leave accrued benefits untouched. Right…

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And still more on the pension cabalistas…

Byuclafaculty

From Salon.com:  [excerpt]  10-23-13 Less than a year ago, the Wall Street Journal alerted its national readership to what was happening in the tiny state of Rhode Island. In a story headlined “Small State Gets Big Pension Push,” the paper noted that the state’s “rollback of public-employee retirement benefits has turned (it) into a national battleground over pensions.” With the help of billionaire former Enron trader John Arnold and his partnership with the Pew Charitable Trusts, conservative ideologues and Wall Street profiteers who engineered Rhode Island’s big pension cuts were looking to export those “reforms” to other states. Now, after…

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More on the pension initiative “coordination”

Byuclafaculty

Leone Baxter and Clem Whitaker, founders of Campaigns, Inc. You probably have never heard of the couple above, Clem Whitaker and Leone Baxter, who founded what some regard as the first modern political advertising firm – Campaigns, Inc. – right here in California in the early 1930s.  You may not have heard of the great “EPIC” campaign of 1934 – their first big target.  (They ran the opposition.)  I will leave it to you to read up on the history of all of that which you can find in http://www.newyorker.com/reporting/2012/09/24/120924fa_fact_lepore?currentPage=all  However, a key tactic they developed was distributing information favoring…

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Anti-Pension Cabal? Smells that way

Byuclafaculty

We have noted in past posting on the filing of a public pension initiative that there appeared to be a good deal of “coordination” in the effort, including a Stanford-Hoover MOOC (online course) on personal investments that somehow ends with a session on public pensions.  There appeared to be more involved than a few California mayors who are the official face. The fact that UC is swept into the initiative – although it is not a city and has its own set of pension modifications adopted by the Regents in 2010 – seems to be evidence of a larger agenda….

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More Let Me Outta Here Re: Pension Initiative

Byuclafaculty

I want out! Yours truly has been posting about the recently filed public pension (and retiree health care) initiative which covers UC.  UC needs a strategy including first attempting to see if the sponsors will amend it or file a revised version that omits UC.  This is a political battle it would be best to avoid if possible. The initiative has the potential to become a “symbol” of intergenerational conflict as a recent article in calpensions.com points out.  Once things become symbols of something that goes beyond the issue at end – think “ObamaCare” – the pros and cons get…

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Let’s Start With This Idea on the Pension Initiative: One Size Doesn’t Fit All

Byuclafaculty

Don’t buy it. Editorial: The pension (and retiree health) initiative on which we have been reporting on this blog sweeps in UC for no particular reason.  Yet all the propaganda concerning it so far deals with mayors and cities.  UC has no mayor and isn’t a city. Were the Regents consulted by initiative proponents?  Was anyone at UCOP consulted?  Anyone at UC at all?  Yours truly sincerely doubts it.  Did anyone in the group pushing the initiative look at such issues as faculty recruitment, compensation, or any other UC issue?  Did they look at the issue of the constitutional autonomy…

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Pension Initiative Backstop

Byuclafaculty

We have been covering the pension initiative that has now been filed with the state and, in an earlier post, discussed some key elements of the initiative (including the coverage of UC).  An interesting element in the initiative is a provision that provides for defense in court of the initiative by private parties.  It is quite likely that if the initiative passed, it would be challenged in court.  And the attorney general might well refuse to defend it, given the politics of the initiative. In the case of Prop 8 – the anti-gay marriage initiative – the attorney general did…