Schwarzenegger launches $20 million academic think tank

Former California Governor Arnold Schwarzenegger has launched a $20 million think-tank, which would be dedicated to leading the United States into what he calls 'a new post-partisan era'.

Schwarzenegger appeared at the University of Southern California to officially launch the USC Schwarzenegger Institute for State and Global Policy with a symposium featuring some of the most notable names in politics and entertainment.

He's hoping that through the institute, where he would take up an active role in teaching, he can accomplish tackling issues such as hunger, health care and global warming. The institute's academic director, Nancy Staudt, referred to him several times as Professor Schwarzenegger, The Telegraph reports.

According to the paper, Schwarzenegger is also publishing his autobiography next week and has a pair of movies in post-production. One of them, The Tomb, co-stars his old buddy Sylvester Stallone.

His return to the spotlight will also include a segment on 60 Minutes to promote the book and discuss, among other things, the affair he had with his nanny that resulted in a son out of wedlock and destroyed his marriage to Maria Shriver, the paper said.

He said he wants the Schwarzenegger Institute to continue to take on those issues and others, collaborating with innovators of all political backgrounds to come up with solutions for the problems of the nation and the world, it added.

"No ideology has a monopoly on solutions," he said.