Why PG&E Shareholders and Ratepayers Now on the Same Team
Ever since PG&E threatened to declare bankruptcy, an unusual thing has happened: Groups that are almost always at odds – PG&E shareholders and ratepayers – find themselves on the same side against the utility. You can add fire victims to that unofficial coalition as well. PG&E shares have lost most of their value since November’s Camp Fire in Butte County. But a hedge fund in Manhattan kept on buying. It now has a 2 percent stake and a lot to lose if PG&E enters bankruptcy protection. Now, they’re making a very public case in a letter to PG&E’s board that filing for bankruptcy doesn’t make sense.
Guest: Omar Vaishnavi, Partner at BlueMountain Capital Management
L.A. Teachers Strike in its Second Week
This holiday weekend saw marathon negotiation sessions between the LAUSD and the UTLA and there is still no agreement. The office of Los Angeles Mayor Eric Garcetti says the latest bargaining session lasted 21 hours and ended early this morning. The mayor's office says negotiators plan to reconvene at 9:15 a.m. For picketing teachers the strike means no paycheck, and for many parents, it means a patchwork of childcare.
Reporter: Caleigh Wells
A Renewed Push for Medication Abortions at UC and CSU Campuses
State lawmakers will soon begin debate on whether health clinics at UC and CSU campuses should provide medication abortions. If passed, California would be the first state in the country to require public universities to do so.
Reporter: April Dembosky