Wednesday, November 14, 2012

Governor Brown and UC Regents Address Report on Debt and Risky Investments

The UC Board of Regents met in San Francisco today to discuss the University's finances. The Board was scheduled to vote on a controversial fee increase for professional students, but the vote was postponed at the request of Governor Jerry Brown who grilled UC Officials on their fiscal management. The Regents meeting comes as a report from researchers at UC Berkeley claims the University of California's debt has more than doubled between 2007 and 2011 and reveals enormous losses from risky Wall Street investments. Alex Kekauoha reports.