“California Governor Jerry Brown hailed his signature tax-hike to fund education—known as Proposition 30—as a towering achievement that will ensure educational excellence in higher education and spare those trapped in poor and failing K-12 California public schools from budget cuts.   But a new study by five UC Berkeley doctoral students says that millions of dollars of the freshly raised revenues won’t go to California’s school children.  An increasing number of posts in top UC management and on the Board of Regents have been filled by former Wall Street bankers.”

http://www.economicpolicyjournal.com/2012/11/governor-moonbeam-and-cronies-at-work.html

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