Posts Tagged: closed

News

Stem cell: Knee arthritis in new $33 million research plan

A Liquid Nitrogen bank containing a suspension of stem cells. (Photo: Elena Pavlovich)

The California stem cell agency this week approved nearly $33 million for clinical stage research projects testing treatments for type 1 diabetes, arthritis of the knee, ALS and an immunodeficiency affliction.

News

Asbestos-like mineral raises concern in arid West, including California

Recent research is focusing new attention on an asbestos-like mineral, blamed for staggering rates of a deadly cancer in Turkey, that also is found in the rocks and soil of 13 Western states, including California. The U.S. Geological Survey has identified 95 sites where the mineral, erionite, exists. Nine of the identified locations are in California.

News

Coastal Commission fires executive director

The California coast along Redwood National Park, north Humboldt County, (Photo: Don Forthuber, redwoods.info)

MORRO BAY, Calif. – The California Coastal Commission fired Executive Director Charles Lester late Wednesday, after several commissioners complained about a lack of communication from Lester and the staff. The action, a 7-5 vote by the 12-member commission, was taken publicly following a discussion behind closed doors.

News

Pension spiking’s ‘poster child’

The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)

A Moraga-Orinda fire chief drew national attention six years ago for retiring at age 50 with a pension much larger than his base pay. He went back to work as chief the following Monday, hired as a consultant with full salary. “People point to me as a poster child for pension spiking, but I did not negotiate these rules,” Peter Nowicki said.

News

Initiative targets CalPERS’ ‘poison pill’

A pension reform initiative filed last week requires voter approval of termination fees, the big upfront payment demanded by CalPERS when a plan is closed to new members. CalPERS says it needs the money to ensure payment of the pensions promised members who remain in the closed plan. The termination fee is calculated by dropping the pension fund earnings forecast from the current 7.5 percent to as low as 2.98 percent.

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