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Read it carefully, and he's doing what Jesse Jackson does.Low income investment/urban units are nothing more than schemes to create tax loses and crappy low income housing developments.Who wins? Union construction and minority owned businesses and of course the various grifters, like Slick, that will be seeking shakedown funds, of HUD grants as well.The con is back on with our pal Bill...

YAHOO! APPOINTS TWO NEW BOARD MEMBERS

Gary L. Wilson and Ronald W. Burkle Join Yahoo! Board of Directors

Sunnyvale, CA -- Nov. 14, 2001

Burkle, 48, is founder and managing partner of The Yucaipa Companies, widely known for its leadership in acquisitions, mergers and management of large retail and distribution companies. With Yucaipa, Burkle has led and completed major mergers such as Fred Meyer, Inc. and The Kroger Company, forming the largest supermarket company in the United States. Yucaipa is also the controlling shareholder of Alliance Entertainment Corporation, a distributor of music, videos, DVDs, electronic games and digital content into retail environments. Burkle is a member of the boards of KB Home Corporation and Occidental Petroleum Corporation. Some of his numerous other positions include: Co-Chairman of the Burkle Center for International Relations at UCLA; Trustee of the J. Paul Getty Trust; Member of the Board of the Carter Center; Trustee of the John F. Kennedy Center for the Performing Arts; member of the Executive Board for the Medical Sciences at UCLA; and, Member of the Board of AIDS Project Los Angeles. Burkle has received honors and awards including the AFL-CIO Humanitarian of the Year and The Los Angeles Urban League Whitney M. Young Award.

CALPERS LAUNCHES UNPRECEDENTED WORKER-FRIENDLY MERCHANT BANK

The new leadership of CALPERS has continued to blaze new trails in the labor-capital movement, as a new national worker-friendly merchant bank was recently announced. With an expected capitalization goal of $1.5-2 billion, the new fund will be managed by Ronald Burkle of Yucaipa. Burkle, a former member of the United Food and Commercial Workers, was the AFL-CIO’s Humanitarian of the Year in 1998. Besides managing private equity, the Yucaipa American Funds eventually plan to branch into providing ancillary services, such as home loans to union members and credit-card services. A second fund-of-funds will also be developed. There have been initial discussions to ensure collaboration with the Heartland Regional Network, and, generally, the national labor-capital funds coalition.