During my twelve-year term as a Regent of the University of California (UC), I served for several of those years as Chairman of the Committee on Finance, which has jurisdiction over the budget of the UC system. Adopting a budget was among the most complex and painful tasks that confronted the Board. For me, the […]
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Even the dark cloud of the current recession has some silver linings. One of them seems to be an unexpected up-tick in the number of college students majoring in engineering, an academic field that actually leads to production of useful things, such as bridges and medical devices, in contrast to, say, women’s studies, which produces […]
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Hardly a sector of the American economy is unaffected by the current recession; however, no matter how painful this period is, it provides an opportunity for many institutions to do the kind of restructuring that should have been done before now. And, fewer segments of our society are in greater need of financial restructuring than […]
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