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Leftist methodology? - 11/16/2012 5:59:51 AM

Yachtie

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I'd think it difficult to say that California is anything but a vanguard of social progression. But in this instance one has to wonder at the mental acumen of the California liberal electorate. From Huffington Post, which Liberals love to quote from -

Earlier this month, California voters passed Proposition 30, a ballot measure containing a number of tax increases that will help avoid drastic cuts to the state's higher education system.

But according to a recent UC Berkeley report, all of those gains could be wiped out by a series of deals made by University of California administrators. Many of those officials, the report notes, have close ties to Wall Street firms making millions in profits from the state's cash-strapped institutions.

The report, titled "Swapping Our Future: How Students And Taxpayers Are Funding Risky UC Borrowing And Wall Street Profits," charges that the University of California system has lost almost $57 million dollars on deals so far -- and the losses are continuing at a rate of some $750,000 each month. Potential loses, it claims, may reach up to another $200 million.

"We don't need more tuition and fee increases," UC Student Association President Raquel Morales said in a statement. "We need good fiscal management to make financial decisions that are beneficial to all of the communities in the university, including students. The troubling data in this report suggests that we're not getting it."

I'm sure intelligent and caring people and businesses are flocking to California to take advantage of its exceptional economic environment.

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RE: Leftist methodology? - 11/16/2012 7:54:47 AM

Owner59

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http://www.youtube.com/watch?v=SjbPi00k_ME

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RE: Leftist methodology? - 11/16/2012 8:13:44 AM

subspaceseven

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From the same article...Gee they are just looking forward....not backwards like willard

Eaton argues that UC management should take the opportunity to renegotiate the swaps to get a lower rate, noting that other institutions such as the San Francisco Asian Art Museum and the city of Richmond, Calif., have saved millions of dollars by taking a similar course of action.

UC spokesperson Dianne Klein explained that the university system hasn't looked to renegotiate because the agreements cover such a long time period that they will still likely to come out in its favor. "The bonds don't mature until 2047, so we think they're still a good deal for us," she said. "It doesn't make sense financially to remove ourselves from the deal."

So your slam..is nothing more than...gee we make take a hit now, but in the long run, we'll be better off

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RE: Leftist methodology? - 11/16/2012 11:00:41 AM

fucktoyprincess

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Yachtie, please explain the leftist methodology that you are objecting to here and why you consider it leftist, or even a methodology?

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RE: Leftist methodology? - 11/16/2012 11:06:47 AM

SimplyMichael

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Its not leftist who are on those boards...and I bet that one liberal university has more nobel prize winners than your entire state.

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RE: Leftist methodology? - 11/16/2012 11:07:39 AM

Hillwilliam

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quote:

ORIGINAL: fucktoyprincess

Yachtie, please explain the leftist methodology that you are objecting to here and why you consider it leftist, or even a methodology?

I've been trying to figure that out myself. It looks like he took 2 random political words, combined them and them blind googled "California finances" and picked an article ar random.

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RE: Leftist methodology? - 11/16/2012 11:12:42 AM

fucktoyprincess

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quote:

ORIGINAL: SimplyMichael

Its not leftist who are on those boards...and I bet that one liberal university has more nobel prize winners than your entire state.

I'm sorry, but if this is directed at me, and you are looking for a response, I am going to have to request further elaboration....

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RE: Leftist methodology? - 11/16/2012 4:36:10 PM

LookieNoNookie

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quote:

ORIGINAL: subspaceseven

From the same article...Gee they are just looking forward....not backwards like willard

Eaton argues that UC management should take the opportunity to renegotiate the swaps to get a lower rate, noting that other institutions such as the San Francisco Asian Art Museum and the city of Richmond, Calif., have saved millions of dollars by taking a similar course of action.

UC spokesperson Dianne Klein explained that the university system hasn't looked to renegotiate because the agreements cover such a long time period that they will still likely to come out in its favor. "The bonds don't mature until 2047, so we think they're still a good deal for us," she said. "It doesn't make sense financially to remove ourselves from the deal."

So your slam..is nothing more than...gee we make take a hit now, but in the long run, we'll be better off

Yeah...California is set financially. All covered.

You go with that....that's good.

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RE: Leftist methodology? - 11/16/2012 4:43:12 PM

dcnovice

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quote:

I'd think it difficult to say that California is anything but a vanguard of social progression.

Didn't Arnold Schwarzenegger (R-Austria) recently serve a lengthy stint as governor?

And his predecessors included the current icon of American conservatism, no?

And let's not forget dear old Prop 8.

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RE: Leftist methodology? - 11/16/2012 4:47:33 PM

Level

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Lol at "R-Austria" dc

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RE: Leftist methodology? - 11/16/2012 4:58:43 PM

dcnovice

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quote:

ORIGINAL: Level

Lol at "R-Austria" dc

Thanks!

It's so great to see you back on the boards!

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