California’s governor says he’s
ready to take over embattled PG&E
Posted By: NorthernDog, 1/31/2020 9:47:58 AM
One year after filing for bankruptcy, PG&E has worked out deals to borrow money and guarantee more than $25 billion in payouts to wildfire victims, insurers and local municipalities. It’s even come to terms with bondholders. As a result, its shares have skyrocketed 37 percent so far in January. Mizuho upgraded the stock this week to a “buy.” That optimism may be premature. (Snip) And he kept repeating this threat: “There’s going to be a new company or the state of California takes it over.” Newsom revealed he’s been working on a plan for six months to take over the
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Should Result In Harsh Fines for Fox 35 replies
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Against the violent talk and now actual violence coming out of the Bernie Sanders campaign for president, Bernie's soaring in the polls anyway.
He's doing so because unlike pretty much any Democrat except his probable nearest rival, Michael Bloomberg, he's actually talking about the economy, something TeamTrump has held a monopoly on.
Problem is, he's promising economic paradise, a full creation of 20 million jobs. Via Nate Silver, here's one of his ads that ran in California:
Sanders says he's going to create 20 million jobs? Through state intervention or socialist central planning, presumably? Better living through socialism?
Give us a break.
For starters, been there done that. Way back in 2008,
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Bloomberg’s height 29 replies
Bloomberg’s height 29 replies
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Comments:
Imagine the state running the utility company. At least the board will be a perfect rainbow of diversity - even if the lights go out.