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Proposition 30

Hundreds of Students Attempting to Shut Down UC Regents Meeting Over Tuition Hikes

by: Leighton Woodhouse

Thu Nov 15, 2012 at 10:20:32 AM PST

UPDATE (11:19 AM PT): After issuing a dispersal order to remove all students from the room, the Regents are voting on the budget now.

Cross-posted from Firedoglake and Dog Park Media:

About 500 students are currently blockading entrances to the University of California Board of Regents meeting at UC San Francisco this morning, where the Regents are scheduled to vote on a budget that presumes a 24 percent across-the-board increase on UC tuitions over four years. Picketing students have pledged to shut the meeting down.

According to Charlie Eaton, one of the organizers of the protest and co-author of a report released this week that charged the Regents with employing exotic financial instruments that doubled the UC system's debt load over three and a half years, as of 8:45AM PT only a third of the Regents have made it inside the building. About 100 students are inside, according to Eaton.

There's More... :: (1 Comments, 178 words in story)

Millions in Prop 30 Tax Revenues Will Be Diverted from Higher Ed to Wall Street, Thanks to Regents

by: Leighton Woodhouse

Wed Nov 14, 2012 at 15:17:49 PM PST

Cross-posted from Firedoglake and Dog Park Media.

Millions of dollars in new tax revenue earmarked for the University of California system as part of the state's recently passed Proposition 30 will instead be routed to major financial firms, because of bad bets made by a Wall Street-influenced UC Board of Regents.

Over the last decade, tuition and fees for undergraduates in the UC system have tripled, adding enormous debt burdens to UC graduates and pushing lower-income students into the already overburdened state college and community college systems, or out of higher education altogether. Members of the UC Board of Regents, which governs the system and which approved the tuition hikes, have blamed the increases on the bad economy and on politicians.

However, according to a new report written by five doctoral students at UC Berkeley, in the years preceding the 2008 financial collapse, members of the Board of Regents themselves had overseen "a qualitative shift in the financial practices of the University of California" by employing the same kinds of exotic financial instruments that precipitated the meltdown on Wall Street - primarily, bond issuances hedged by interest rate swaps.

There's More... :: (4 Comments, 792 words in story)

Stop Charles Munger Jr. from Buying California's Election

by: Leighton Woodhouse

Wed Oct 31, 2012 at 11:42:08 AM PDT

From the Courage Campaign, here's a short nature documentary explaining the difference between regular working members of our species and the idle rich trying to steal our democracy.

Produced by Dog Park Media (disclosure: I'm a founding partner there).

Discuss :: (1 Comments)

Vote Yes on Proposition 30: Jerry Brown'™s Budget Plan

by: Inoljt

Sat Oct 13, 2012 at 15:28:10 PM PDT

This is the first part of a series of posts analyzing California'™s propositions.

California's Budget Problems

Proposition 30 is the most important proposition on the ballot this year.

More below.

There's More... :: (0 Comments, 456 words in story)
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