Fires and Blackouts Increase Political Risk for California Governor Gavin Newsom

(Bloomberg) — With more than 2 million people without electricity last week amid mass blackouts by bankrupt PG&E Corp. and wildfires scorching the state, California’s Democratic Governor Gavin Newsom repeatedly said he “owns” the crisis and that it’s “on me” to make sure it doesn’t happen again.His allies and adversaries alike agree.Republicans and even some Democrats say Newsom needs to move quickly to resolve what has become an untenable problem for California, the world’s fifth-largest economy, or the political honeymoon that he’s enjoyed for 10 months may be upended by a climatological disaster.Recognizing the need for swift action, Newsom on …read more

Source:: Yahoo Finance


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