Public Policy

EBMUD changing its short-term financing for borrowing funds

In an abbreviated meeting on Tuesday before Thanksgiving, the East Bay Municipal Utility District (EBMUD) unanimously passed a proposal to change their short-term financing in order to reduce long-term risk. EBMUD will be moving from “extended” back to “traditional” commercial paper, according to Dari Barzel, EBMUD’s principal management analyst. What does that mean? “Commercial paper is by far our lowest-cost financing,” Barzel told the directors, citing a 30-day interest rate of about 0.09 percent. “You can’t beat it.” Commercial paper…

Oakland workers continue the “Fight for $15”

Hundreds of fast food and other low-wage workers gathered outside Oakland City Hall Tuesday evening demanding a higher minimum wage of $15 per hour. The demonstrations were part of a wider national campaign, Fight For 15, which has seen over 270 cities participating in similar protests.