Posts Tagged ‘inflation’

News Release: “Lt. Gov. Gavin Newsom’s Statement on the University of California’s Threat to Increase Tuition Fees”

Thursday, November 6th, 2014

It’s on. Here’s Gav’s reply to this recent effort from President Janet Napolitano

***News Release*** - Lt. Gov. Gavin Newsom statement on the University of California’s threat to increase tuition fees

Contact: Andrea Koskey, Communications Director

California Lieutenant Governor Gavin Newsom issued the following statement on the University of California’s threat to increase tuition unless the state appropriates additional funds, thereby breaking its two-year old tuition-freeze agreement negotiated in 2013 in exchange for increased state funding:

The University of California cannot bestow pay raises on its top earners with one hand, while continually taking more from students and their families with the other and deflecting criticism by laying its solution at the door of taxpayers. New funding must be tied to earnest and innovative attempts to reduce the university’s cost structure and promote affordability and accessibility, not threats that reward the status quo.”

Background

The proposed increase to students comes just two months after the same board approved up to 20 percent increases to four chancellors and increased a base salary for a new chancellor by 23 percent of his predecessor. These decisions are not tied to performance or outcomes.

Lieutenant Governor Newsom believes that high-level solutions could be factored in to meet the growing costs.  For instance, UC facilities system-wide could save $500,000 per contract if in-house employment was used over outside contractors; another $160 million could be saved if UC offered an Associate Degree to Transfer Program from California Community Colleges, similar to existing program between community colleges and California State Universities; and millions could be saved if the failed IT implementation of UC Path was addressed. That program’s repayment costs have ballooned to $200 million over the next 20 years.

The University of California system has received numerous increases to financial resources including full funding of State’s Cal grant program; expansion of the middle-income fee grants covering one-half of tuition and fee increases for middle-income students from families earning up to $120,000; 20 percent increase in state funding as part of a multi-year stable funding plan; a 5 percent increase from the 2014-15 state budget contingent a tuition freeze through 2016-17; and $50 million to promote innovative models of higher education at the campus level that result in more bachelor’s degrees, improved four‑year completion rates, and more effective transfers between the community colleges and the universities.

Commercial Folk Art: The Fillmore’s National Dollar Store, Where Everything Costs “‘______’ Or Less”

Tuesday, May 22nd, 2012

Isn’t it beautiful?

All your favorite brands are here:

Click to expand

(And guess who owns the building in the background: Robert Redford / Sundance!)

Of course the National Dollar used to advertise Everything $1 or Less but there came a time when that wasn’t actually true, so City Attorney Dennis Herrera got after them.

So now the sign says “Everything ___ or Less.”

Hurray!

(Bonus: National Dollar Sidewalk Bling)

 

Mayor Ed Lee is All In Favor of Jobs, Jobs, Jobs, Except When He’s Not – San Francisco’s New $10.24 Minimum Wage

Thursday, December 8th, 2011

Well, here’s the news:

“Mayor Edwin M. Lee today announced today that the City’s minimum wage will be adjusted to $10.24 per hour from $9.92 per hour, reflecting a change of 3.2 percent, effective January 1, 2012.

“This wage increase will help the City’s lowest paid workers to keep pace with inflation and also protect consumer spending of San Francisco’s working families, which will be a boost to our local economic recovery efforts,” said Mayor Lee.

The Minimum Wage Ordinance, passed by the voters in November 2003, calls for annual rate adjustments based on the previous year’s Consumer Price Index for urban wage earners in the San Francisco-Oakland-San Jose metropolitan area.”

So, San Francisco having the highest minimum wage in the land is a good thing? Really, it’s unalloyed good? It’s great that our minimum wage is going up into double digits (and making national headlines) during this Great Recession? So why not make it $15 or $20 an hour if high minimum wages are so good?

Since Mayor Ed Lee does what his mentors tell him by crowing about jobs jobs jobs all the time, why then is he in favor of this law, which is, obviously, a “job-killer?” Are there other considerations on his mind?

Anyway, this is the first time I’ve seen the Mayor lose his monomaniacal focus on jobs.

Just saying.

Tree, Stairwell, Mayor, by Artist Unkown

And he’s having a press conference for this why? I don’t know. It’s not his idea. But maybe he wants to be associated with something pro-labor for a change? I don’t know

Wage Boost for San Francisco’s Lowest Paid Workers to $10.24, Starting January 1st 

12/6/11—Mayor Edwin M. Lee today announced today that the City’s minimum wage will be adjusted to $10.24 per hour from $9.92 per hour, reflecting a change of 3.2 percent, effective January 1, 2012. 

“This wage increase will help the City’s lowest paid workers to keep pace with inflation and also protect consumer spending of San Francisco’s working families, which will be a boost to our local economic recovery efforts,” said Mayor Lee. 

The Minimum Wage Ordinance, passed by the voters in November 2003, calls for annual rate adjustments based on the previous year’s Consumer Price Index for urban wage earners in the San Francisco-Oakland-San Jose metropolitan area 

Comparatively, the federal minimum wage is $7.25 per hour and the California minimum wage is $8.00 per hour. Employers must pay San Francisco’s higher minimum wage for all covered work performed within the City. 

“Across the country, take-home pay, adjusted for inflation, has fallen in the last year. Workers in San Francisco are fortunate that our minimum wage rate is indexed to keep pace with inflation,” said Office of Labor Standards Enforcement Manager Donna Levitt. 

This month, the City will be mailing updated multilingual posters announcing the new rate to 45,000 registered businesses with employees. Employers are required to post the notice in their workplace. 

More information about San Francisco’s Minimum Wage Ordinance can be found at www.sfgov.org/olse/mwo or by calling the Office of Labor Standards Enforcement at (415) 554-6292.

Costco’s $1.50 Hot Dog and Cola Deal Has Been Fighting Inflation for a Quarter Century

Tuesday, August 10th, 2010

Back in the day, back in 1985, Costco used to sell you a hot dog and a can of cola for $1.50.

These days, it’s the same deal, excepting that the dog is bigger and better and you get more soda and you get free refills.

See?

The price for this combo deal might go up at some point, but current CEO Jim Sinegal says he’ll be dead before that happens.

Excelsior, ever upward!

The National Dollar Store on Fillmore Changes Business Model – Prices Raised to 10 Bits

Thursday, July 29th, 2010

These days, “Everything’s ____ or less” at our National Dollar store at 1633 Fillmore Street.

Can you call yourself a dollar store if everything you have costs more than a dollar?

Click to expand

I cry foul.