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...world's top 20 research universities, recruitment has been halted. More than 300 UC scientists have issued a white paper warning Schwarzenegger that the sharp reduction endangers the 10-campus system's position as the premier public university in the United States and could have a negative impact on California's future economic growth. According to UC officials, the cut in state funding brings the "amount of state investment in the University down to $2.4 billion - exactly where it was in real dollars a decade ago." During the same period, spending on state prisons has more than doubled...

Author: /time Magazine | Title: California's Crisis Hits Its Prized Universities | 7/18/2009 | See Source »

...California's crisis continues while Governor Arnold Schwarzenegger and legislative leaders inch slowly toward agreement on the deep cuts necessary to close the state's massive $26 billion budget shortfall. Now, even as California continues to pay its bills with IOUs, the University of California, the nation's leading public university, is being forced to cut its budget by $813 million - or 20%. It is highly unlikely that these cuts will be reduced by a budget agreement in Sacramento...

Author: /time Magazine | Title: California's Crisis Hits Its Prized Universities | 7/18/2009 | See Source »

...economist's spreadsheet to a politician's stump speech or a businessman's PowerPoint presentation. "Forecasts satisfy a deep psychological need that we live in a somewhat predictable and controllable world," says Philip Tetlock, a professor of organizational behavior at the Haas School of Business at the University of California, Berkeley. "Those are essential stories. People just find the truth" - that the future is unknowable - "too dissonant...

Author: /time Magazine | Title: Why Are Economists So Bad at Forecasting? | 7/17/2009 | See Source »

...Kaufmann likes people yelling at him as he drives through La Cañada, Calif., the wealthy suburb north of Los Angeles where he lives. What they're shouting about is his battery-powered electric vehicle, one of up to 30,000 estimated to hit the streets of Southern California in the next 36 months, the biggest expected e-car surge in the country...

Author: /time Magazine | Title: Utilities Scramble to Meet Power Needs of Electric Cars | 7/16/2009 | See Source »

...this before, but now there have been important advances on the technology side," says Theodore Craver Jr., chief executive officer of Southern California Edison...

Author: /time Magazine | Title: Utilities Scramble to Meet Power Needs of Electric Cars | 7/16/2009 | See Source »

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