"At some point, we have to say enough is enough, and we have to ask: Should this company be allowed to do business in California?" Hill said. "These fires take a spark, and at least in the last few years fires have been caused by negligent behavior by PG&E. We need to see how we can hold them responsible or look at alternative way of doing business." … [Read more...] about California wildfires could cost utilities PG&E and Edison, despite new law
Business bankruptcy law
This is an amazing feat—how did the campaign blow through nearly $1 billion to so little effect?—yet also inevitable. The Trump 2020 campaign seems to be running on the same principle as many of the president’s commercial endeavors: Trump gets richer, while other people’s money gets lit on fire. This was how some of the president’s real-estate ventures and casinos operated, and so it’s unsurprising that it’s how he’s chosen to run his campaign—and the country. … [Read more...] about Trump Is Running His Campaign Like He Ran His Businesses
But unlike TRIA, which had broad bipartisan support and was reauthorized as recently as 2019, the pandemic measure introduced by Rep. Carolyn MaloneyCarolyn Bosher MaloneyDemocrats reveal Medicaid chief's spending on high-paid consultants The Hill's Morning Report - Sponsored by National Industries for the Blind - Prudent or 'pathetic'? GOP senators plan to vote on coronavirus relief Thursday North Carolina attorney general says DeJoy allegations merit investigation MORE (D-N.Y.) has garnered little to no support from Republicans, despite widespread backing from the business community. … [Read more...] about Business groups back pandemic insurance bill modeled on post-9/11 law
'Notwithstanding anything contained in any other law for the time being in force, all powers exercisable by an appropriate regulator, specified under column (2) of the First Schedule, under the respective Acts... in the International Financial Services Centres will be exercised by the Authority in so far as it relates to the regulation of the financial products, financial services or financial institutions, as the case may be.' … [Read more...] about Will IFSCA be the boss of India’s financial markets?
The pressure on PG&E comes even though Gov. Jerry Brown signed legislation in September giving utilities some relief beginning next year. The law made it easier for utilities to pass along costs from fire-related damages to consumers and also avoid possible bankruptcy from a series of major fires that occurred during the 2017 fire season that produced more than $10 billion in losses. … [Read more...] about PG&E stock price plunges as California wildfires burn