Posts Tagged: board

News

Stem cell agency, now flush with $5.5 billion, turns new page

Stem cell research using what's known as a PCR strip. (Image: Science Photo via Shutterstock)

California’s ambitious stem cell agency has launched itself on a new, $5.5 billion journey, approving a plan to hand out $182 million to researchers by the middle of next year and beefing up its efforts to bring equality to therapies and scientific labs.

News

Voters favor $5.5 billion more for state stem cell research

A scientist at work in a biological lab. (Photo: anyaivanova)

California voters have apparently approved spending $5.5 billion more on stem cell research over the next 10 to 15 years and significantly broadening the scope of its state stem cell agency, according to unofficial figures this morning. 

Opinion

Drawing CA’s political lines: One person’s foray into redistricting

Illustration of California by ymgerman, via Shutterstock)

OPINION: Ten years ago, I sat in my office cubicle. I squinted to make out the grainy online image of Elaine Howle, the California State Auditor, pulling out a series of bingo balls. My desktop speaker crackled, and it was hard to read the numbers on the balls. I kept the volume low so my coworkers couldn’t eavesdrop.

News

2018 elections: Voters eye deluge of water money

The Owens River cuts through the Owens Valley near the east slope of the Sierra. (Photo: Bart Everett)

California voters may be asked this year to approve $13 billion in two separate water bonds that promise to pay for safe drinking water and improve flood protection. Proposition 68 is a $4.1 billion measure and is already set for the June 5 ballot. The Water Supply and Water Quality Act is an $8.9 billion bond and could come up for a vote in November. The Secretary of State’s office is reviewing the signatures turned in and should decide by the end of the month whether it qualifies for the ballot.

News

CalPERS may join union foes of 401(k) option

The CalPERS headquarters in Sacramento. (Photo Shutterstock)

A bill by state Sen. Steven Glazer, D-Orinda, giving new state workers the option new University of California workers received two years ago, a 401(k)-style plan rather than a pension, is opposed by unions and soon may be opposed by CalPERS. More than a third of eligible new UC employees have chosen a 401(k)-style plan. Instead of a guaranteed lifetime monthly pension check, the 401(k) plan that replaced pensions in most of the private sector uses individual tax-deferred investments to build a retirement fund.

News

Stem cell: Arthritic knee research in $33 million award

A stem cell researcher at work. (Photo: 18percentgrey, via Shutterstock)

The California stem cell agency has awarded $33 million for clinical trial research, but not before some governing board members questioned the appropriateness of backing an effort to treat osteoarthritis of the knee. The awards on Thursday bring to 43 the number of clinical trials funded by the stem cell agency, formally known as the California Institute for Regenerative Medicine (CIRM). 

Opinion

Needed: Good-time credits for lifers

Sunlight streams through the bars of a prison cell. (Photo: nobeastsofierce, via Shutterstock)

OPINION: Proposition 57’s 50 percent good time credit should be applied retroactively to all incarcerated people, including lifers who committed violent crimes. Contrary to popular fears, releasing reformed lifers may be the best thing we can do to reduce violent crime.

News

CalPERS acts to cut earnings forecast, raise rates

CalPERS' governing board during a 2013 meeting. (Photo: CalPERS board)

Calpensions: A key committee yesterday approved a drop in the often-criticized CalPERS investment earnings forecast, gradually raising record rates already being paid by state and local governments, if approved as expected by the full board today.

News

Public pension funds eye weak investment returns

CalPERS' governing board during a 2013 meeting. (Photo: CalPERS board)

Calpensions: The state’s two largest public pension systems never recovered from huge investment losses during the deep recession and stock market crash in 2008. CalPERS lost about $100 billion and CalSTRS about $68 billion. Now after a lengthy bull market, most experts are predicting a decade of weak investment returns, well below the annual average.

Opinion

SoCal air board faces new threat — Sacramento

A smog-tinged view in black and white of Century City, Beverly Hills and West Los Angeles. (Photo: Trekandshoot, via Shutterstock)

OPINION: Local leadership in California faces a threat – SB 1387. This bill would reduce the influence local leaders have on a regional board – the South Coast Air Quality Management District (SCAQMD) – by adding even more Sacramento-appointed representatives. The bill would also allow a state agency to overrule the policy decisions of this regional board.

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