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California discovers a brilliant way to decrease spending

Somebody tell the Nobel Prize Committee. Quick.

After almost 100 years, the State Compensation Insurance Fund is pulling 755 of its 830 jobs out of town, having determined that San Francisco is just too expensive - and its workforce too dumb - for the agency to continue doing most of its business here. . . .

The move to cheaper climes is part of a statewide plan aimed at saving the fund $200 million over the next three years.