The other day we sat down for a bit with Nicolas Berggruen — he’s the French “homeless billionaire” who has developed a keen interest in fixing California’s budgeting and governance problems — and he’s ready to commit at least $20 million to help out. (Hey, for some billionaires it’s fast cars and fine wines. For others it’s good government. Who are we to judge.)

Nic calls his crew The Think Long Committee for California. Comrade Diaz riffed on his visit a bit the other day and our story is in Wednesday’s Chronicle.

(etc. – article blog post San Francisco Chronicle explains more)

via Billionaire-led All Star budget group: We dig Jerry Brown’s “realignment” plan : SFGate: Politics Blog.