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Greece’s economy held up well during recent crises and has outpaced growth in the euro area since the global energy crisis. Further policy action is now needed to ensure continuing strong growth and fiscal sustainability, notably to keep public debt on a firmly declining path, according to a new OECD report. The latest OECD Economic Survey of Greece projects GDP growth to rise from 2.3% in 2024 and 2.2% in 2025 to 2.5% in 2026. The government plans primary fiscal surpluses of 2.5% of GDP in 2025 and 2.4% in 2026. Inflation is proving persistent and remained at 3.2% in October 2024, but is projected to decline gradually, returning close to target by end 2026. “Greece has reaped the benefits of the many important reforms it has implemented over the years, but more needs to be done to promote competition, allow more youths and women to participate in the labour market and maintain significant primary fiscal surpluses while preserving investment.” OECD Secretary-General Mathias Cormann said, presenting the Survey in Athens alongside Greece’s Prime Minister, Kyriakos Mitsotakis, and Minister of Finance, Kostis Hatzidakis. “Greece’s outlook remains positive, with disinflation, improving growth in trading partners and increasing disbursements of European funds set to support growth over the coming years.” Public debt has been declining since 2020 but remains high, at 163.9% of GDP in 2023. Maintaining public debt on its firmly declining path and increasing fiscal space for investment will require additional efforts to reduce tax expenditures and tackle tax evasion. Moreover, a gradual shift of spending towards infrastructure, education and health would improve both economic and social outcomes. Significant challenges remain. Labour productivity has stagnated at low levels over the past decade. Despite recent progress, investment remains relatively low, particularly in intangibles and R&D. The productivity gap between small firms and large enterprises is large, with many of the large enterprises failing to grow and adopt new technologies. Further reforms to strengthen competition, reduce regulatory burdens, improve access to skills and financing would support firm growth and innovation. Competition remains weak in some parts of the economy, making it all the more important for Greece to review some of the unnecessarily stringent regulations in services and to ease entry restrictions in professional services. Skill shortages have increased. Strengthening apprenticeships and vocational training is key to ensure a supply of skills that better matches the needs of employers. The expansion of childcare capacities would allow more women to join the labour market and support employment growth. Extreme weather events are becoming more likely with a warming climate and could lead to renewed disruptions of production and reduce domestic demand. Greece has cut emissions by 42% over the past two decades and renewable energy generation is expanding rapidly. A mix of investment, tighter regulations and emission pricing, complemented with financial support for vulnerable groups, can steer households and business to move towards greener technologies. Source: OECDSuspect in UnitedHealthcare CEO killing charged with murder in New York, court records show
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French lawmakers on Wednesday voted to oust the government of Prime Minister Michel Barnier after just three months in office, a historic move which hurled the country further into political uncertainty. For the first time in over sixty years, the National Assembly lower house toppled the incumbent government, approving a no-confidence motion that had been proposed by the hard left but which crucially was backed by the far-right headed by Marine Le Pen. Barnier's rapid ejection from office comes after snap parliamentary elections this summer which resulted in a hung parliament with no party having an overall majority and the far-right holding the key to the government's survival. President Emmanuel Macron now has the difficult task of picking a viable successor with over two years of his presidential term left. He is to address the nation at 1900 GMT on Thursday, the Elysee said. Earlier in the day, Macron is to receive Barnier at 0900 GMT who will submit the resignation of the government. The National Assembly debated a motion brought by the hard left in a standoff over next year's austerity budget, after the prime minister on Monday forced through a social security financing bill without a vote. With the support of the far-right, a majority of 331 MPs in the 577-member chamber voted to oust the government. Macron flew back into Paris just ahead of the vote after wrapping up his three-day state visit to Saudi Arabia, an apparent world away from the domestic crisis. He strolled earlier Wednesday through the desert sands of the Al-Ula oasis, an iconic tourist project of the kingdom, marvelling at ancient landmarks. After landing, he headed direct to the Elysee Palace. "We are now calling on Macron to go," Mathilde Panot, the head of the parliamentary faction of the hard-left France Unbowed (LFI) party told reporters, urging "early presidential elections" to solve the deepening political crisis. But taking care not to crow over the fall of the government, Le Pen said in a television interview that her party -- once a new premier is appointed -- "would let them work" and help create a "budget that is acceptable for everyone". Laurent Wauquiez, the head of right-wing deputies in parliament, said the far-right and hard-left bore the responsibility for a no-confidence vote that would "plunge the country into instability". Macron on Tuesday had rejected calls to resign, saying such a scenario amounted to "political fiction". With markets nervous and France bracing for public-sector strikes against the threat of cutbacks, action that will shut schools and hit air and rail traffic, there is a growing sense of crisis. The unions have called for civil servants, including teachers and air traffic controllers, to strike on Thursday over separate cost-cutting measures proposed by their respective ministries this autumn. Meanwhile, Macron is due to host a major international event Saturday, with the reopening of the Notre-Dame cathedral after the 2019 fire, with guests including Donald Trump on his first foreign trip since he was elected to be the next US president. "His failure," was left-wing daily Liberation's front-page headline, with a picture of Macron, whose term runs until 2027. In an editorial, Le Monde said Le Pen's move risked upsetting her own supporters, such as retirees and business leaders, by toppling the government. "In the space of a few minutes, she shattered the strategy of normalisation she had consistently pursued," the daily said. Some observers have suggested that Le Pen, 56, is seeking to bring down Macron before his term ends by ousting Barnier. Le Pen is embroiled in a high-profile embezzlement trial. If found guilty in March, she could be blocked from participating in France's next presidential election. But if Macron stepped down soon, an election would have to be called within a month, potentially ahead of the verdict in her trial. Candidates for the post of premier are few, but loyalist Defence Minister Sebastien Lecornu and Macron's centrist ally Francois Bayrou are possible contenders. On the left, Macron could turn to former Socialist premier and interior minister Bernard Cazeneuve, a contender in September. Macron is minded to appoint the new premier rapidly, several sources told AFP. It was the first successful no-confidence vote since a defeat for Georges Pompidou's government in 1962, when Charles de Gaulle was president. The lifespan of Barnier's government is also the shortest of any administration since the Fifth Republic began in 1958. bur-jh-sjw/rlp Get any of our free email newsletters — news headlines, sports, arts & entertainment, state legislature, CFD news, and more.YPSILANTI, Mich. (AP) — On a damp Wednesday night with temperatures dipping into the 30s, fans in sparsely filled stands bundled up to watch Buffalo beat Eastern Michigan 37-30 on gray turf. The lopsided game was not particularly notable, but it was played on one of the nights the Mid-American Conference has made its own: A weeknight. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
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Cincinnati Bengals quarterback Joe Burrow wore an interesting outfit ahead of the Monday Night Football game against the Dallas Cowboys . As he was walking into AT&T Stadium, Burrow was seen wearing a black suit with multi-color stripes. Some fans on social media asked what type of outfit Burrow was wearing because it was a little over the top. This isn’t the first time Burrow has been called out for his appearance this year. As the Bengals began training camp, the former LSU Tigers star showed off a new hairstyle — a bleach-blond buzzcut. While speaking to reporters in July, Burrow explained why he made a drastic change. . @JoeyB arrives for primetime : #CINvsDAL – 8pm ET on ESPN/ABC : Stream on #NFLPlus & ESPN+ pic.twitter.com/1Om00k5G5e “I got bored, that’s about it,” he said, per NFL.com. Burrow also mentioned that defensive tackle B.J. Hill encouraged him to do it. “B.J. said if I buzzed it and bleached it, he would do it, too,” Burrow said. “So now everybody’s gotta hold him accountable ’cause he’s gotta do it in the next week.” As fans question Burrow’s outfit, he is focusing on doing everything he can to help the Bengals turn things around. Currently, the Bengals have a 4-8 record, but Burrow is not the reason why they are on the verge of being eliminated from playoff contention. In 12 games, Burrow has thrown for 3,337 yards, 30 touchdowns and just five interceptions with a passer rating of 107.4. He was named AFC Offensive Player of the Month for November after throwing for 1,035 yards and 12 touchdowns with one pick. Joe Burrow talks about playing at a high level this year “I think I’ve been play-to-play better than I’ve ever been. I think I’m creating better than I ever have. So I’m happy with how I’m playing,” Burrow said last week, per Bengals.com . “I think my wrist is feeling good right now. That’s improved throughout the season. I wasn’t throwing it quite the way that I wanted to early in the year. And that’s improved. “Early in the year, I didn’t throw a ton on the run. I wasn’t doing all my different arm angles. And as my wrist has improved, I’ve been able to expand that part of my game. I think I’m working on it more than I ever have throughout practice. And so I think that’s translating to on-field success in that department.” This article first appeared on 5 GOATs and was syndicated with permission.DEIR AL-BALAH, Gaza Strip (AP) — Israeli aircraft struck a sprawling tent camp housing displaced Palestinians in Gaza on Wednesday, killing at least 21 people, according to a local health official, setting off fires in the coastal tent city that Israel has designated a humanitarian zone but which has been repeatedly targeted. The Israeli military said it struck senior Hamas militants “involved in terrorist activities” in the area, without providing additional details, and said it took precautions to minimize harm to civilians. The strikes were the latest deadly assault in the war-wracked Gaza Strip , where Israel's offensive against Hamas is nearly 14 months old and showing no end in sight, despite international efforts to revive negotiations toward a ceasefire. The Biden administration has pledged to make a new push to get a ceasefire for Gaza after Israel and the Lebanese militant group Hezbollah agreed to end more than a year of cross-border fighting. And President-elect Donald Trump demanded in a social media post this week the release of hostages held by Hamas before he is sworn into office in January. The strike Wednesday in Muwasi, a desolate area with few public services that holds hundreds of thousands of displaced people , also wounded at least 28 people, according to Atif Al-Hout, the director of Nasser Hospital in the southern city of Khan Younis. An Associated Press journalist at the hospital counted at least 15 bodies, but he said reaching a precise number was difficult because many of the dead were dismembered, some without heads or badly burned. Videos and photos shared widely on social media showed flames and a column of black smoke rising into the night sky, as well as twisted metal tent frames and shredded fabric. Palestinian men searched through the still-burning wreckage, shouting “Over here guys!” Further away, civilians stood at a distance, observing the destruction. The military said the strikes had set off secondary explosions, indicating explosives present in the area had detonated. It was not possible to independently confirm the Israeli claims, and the strikes could also have ignited fuel, cooking gas canisters or other materials in the camp. The strikes followed earlier Israeli attacks on other parts of the Gaza Strip that killed eight people, four of them children, according to Palestinian medics. The military said it had struck “terrorist targets” in a series of strikes. On Wednesday, Israel said its forces recovered the body of one hostage who was captured alive during Hamas’ Oct. 7, 2023, attack that sparked the war, yet who Israel believes was killed by his captors. Israel believes about a third of the remaining 100 hostages are dead. The war in Gaza began when Hamas-led militants attacked southern Israel on Oct. 7, 2023, killing some 1,200 people, mostly civilians, and abducting around 250 people. Some 100 hostages are still inside Gaza, at least a third of whom are believed to be dead. Israel’s offensive has killed over 44,500 Palestinians in Gaza, mostly women and children, according to the Gaza Health Ministry, which does not say how many were combatants. The Israeli military says it has killed over 17,000 militants, without providing evidence. Israel says it tries to avoid harming civilians and blames Hamas for their deaths because the militants often operate in residential areas and are known to position tunnels, rocket launchers and other infrastructure near homes, schools and mosques. The United States, Qatar and Egypt have spent much of the past year trying to broker a ceasefire in Gaza and the release of the remaining hostages, but those efforts stalled as Israel rejected Hamas’ demand for a complete withdrawal from the territory . Associated Press writer Tia Goldenberg in Jerusalem contributed to this report. Follow AP’s war coverage at https://apnews.com/hub/mideast-warsNone
Battery manufacturer E-One Moli Energy has announced it is not going ahead with the expansion of its Maple Ridge plant – at this time. The project would create 350 new jobs and secure more than 100 existing positions, making Moli Energy the city's largest private employer. A year ago, Prime Minister Justin Trudeau and B.C. Premier David Eby both toured the plant and joined the company in announcing the $1-billion expansion, which senior government would partner in. The federal commitment was $205 million, with another $80 million from the province, and the plan was for E-One Moli to expand its facility in Maple Ridge, and become Canada’s largest high-performance lithium-ion battery cell manufacturer. They would produce up to 135 million battery cells per year. Maple Ridge Mayor Dan Ruimy assured the project is not dead. "It's not really the bad news everyone thinks it is – they're not cancelling, they're just putting it on pause," he said. With the company investing some $750 million in the project, it's easy to appreciate Moli Energy's prudence in watching developing energy markets, as well as the political climate in the Canada and elsewhere, Ruimy explained. He pointed out the project is not overdue – it was slated for completion in 2028. The company has stated the plant expansion in Maple Ridge remains a sound investment. "We're a supporting partner, and we want them to know that we want them to be here," Ruimy said of the city's role. The company started in B.C. in 1977, and has operated from the Maple Ridge site since 1987 as a pioneer in the battery industry, with production facilities in Taiwan. Molicel batteries are used in motorsports, high-end autos, aircraft, medical equipment, power tools, and home appliances. The company was purchased in 2000 by Taiwanese-based Taiwan Cement Corp. “What you’ve been able to build here over the past decades is more relevant now than one could ever imagine, and is part of the exciting future we’re building,” Trudeau told company chairman Nelson Chang last November. Chang said he was thrilled to have the the green energy initiative in Maple Ridge. “We believe that CO2 reduction is absolutely the key to success for all future businesses.” The company recently opened a new production plant in Taiwan.Spruce power director John Miller buys $52,400 in stockPhoebe Earns Prestigious Digital Health Most Wired Award
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Diane Moss lost her home in the Santa Monica Mountains after power lines ignited the apocalyptic Woolsey Fire in 2018. Since then, she’s pressed for a safer electric grid in California. “It’s so easy to forget the risk that we live in — until it happens to you,” said Moss, a longtime clean energy advocate. “All of us in California have to think about how we better prepare to survive disaster, which is only going to be more of a problem as the climate changes.” In recent years, California’s power companies have been doing just that: insulating power lines and burying lines underground, trimming trees, deploying drones and using risk-detection technology. As wildfires across the U.S. intensify , California is on the leading edge of efforts to prevent more deadly and destructive fires ignited by downed power lines and malfunctioning equipment. Customers have shouldered a hefty price for wildfire safety measures. From 2019 through 2023, the California Public Utilities Commission authorized the three largest utilities to collect $27 billion in wildfire prevention and insurance costs from ratepayers, according to a report to the Legislature. And the costs are projected to keep rising: The three companies — Pacific Gas & Electric, Southern California Edison and San Diego Gas & Electric — continue to seek billions more from customers for wildfire prevention spending. Rates are expected to continue outpacing inflation through 2027 . Fire safety projects are a big part of the reason that Californians pay the highest electric rates in the nation, outside of Hawaii. Other reasons include rooftop solar incentives, new transmission systems and upgrades for electric vehicles. High electric bills have helped fuel a statewide affordability crisis alongside soaring housing prices, expensive groceries and costly gasoline. Small businesses are feeling the burden, along with the state’s poorest residents: One in three low-income households served by the three utilities fell behind in paying their power bills this year. California’s three investor-owned utilities are regulated monopolies, so when they spend money on costs related to wildfires, they recover it through customers’ bills. The price of electricity has ignited debate about how much California families should bear for the cost of wildfire prevention, whether utilities are balancing risk and affordability and whether the money is being spent wisely. Loretta Lynch, a former head of the state utilities commission, said lack of oversight is a problem, with the commission “rubber-stamping outrageous costs” and allowing the companies to “address wildfires in the most expensive, least effective way possible.” One of the biggest controversies is whether the utilities should be spending so much on burying power lines, an extremely costly and slow process. Last year, a state audit concluded that the utilities commission and the state’s advocates office must do more to verify whether utilities were completing the work they sought payment for. The three companies say the billions of dollars in spending is necessary as climate change worsens wildfires across the state . Utility equipment has caused less than 10% of the state’s fires but nearly half of its most destructive fires, according to the utilities commission . PG&E, which a few years ago came out of bankruptcy triggered by its liability for several deadly, destructive fires, has adopted the stance that “catastrophic wildfires shall stop.” The company, which serves the most high-risk areas in California, is the state’s largest spender on wildfire prevention. PG&E plans to bury 10,000 miles of power lines in its highest-risk areas — work that is highly contentious because it is costly and slow. The company has buried 800 miles since 2021 , with each mile costing between $3 and $4 million. Last year, the commission approved a $3.7 billion plan for PG&E to bury 1,230 miles of lines through 2026. Sumeet Singh, PG&E’s chief operating officer, told CalMatters that the utility is concerned about rates, too. He said the company is “very committed to stabilizing our customer rates as we go forward without compromising safety. I think that’s clear, that it’s a non-negotiable....There’s a pretty robust process, and oversight, that we are under.” Kevin Geraghty, chief operating officer of SDG&E, called the wildfire spending process “the most highly-scrutinized, regulatory utility process I have ever been involved in, in my life.” Gov. Gavin Newsom issued an executive order in October aimed at tackling the high costs of electricity, asking state agencies to evaluate their oversight of wildfire projects and ensure that the utilities are focused on “cost-effective” measures. He is seeking proposals for changes in rules or laws by Jan. 1. The spark for the increased spending came seven years ago, after California suffered one of its worst droughts and a series of devastating wildfires in 2017 and 2018, many ignited by utility equipment. Sixteen fires were caused by PG&E equipment during a rash of October 2017 fires that decimated Napa, Sonoma and other Northern California counties. That December, the Thomas Fire , sparked by Southern California Edison equipment, engulfed parts of Ventura and Santa Barbara counties. But the devastation of 2017 was only a prelude to an even graver year. On Nov. 8, 2018, the Camp Fire leveled the town of Paradise, killing 85 people, making it the deadliest wildfire in state history. The Camp Fire was caused by the failure of an old metal hook attached to a PG&E transmission tower. An intense wind event pushed the fire at a rate of roughly 80 football fields per minute at its peak. The company in 2020 pleaded guilty to 84 counts of involuntary manslaughter for its role in the disaster. The same day as the destruction in Paradise, another fire ignited some 470 miles south. In the Simi Hills of Ventura County, Southern California Edison wires in two separate locations made contact with others, triggering “arc” flashes that rained hot metal fragments and sparks onto the dry brush below. These triggered two blazes, which soon merged to form the Woolsey Fire. Santa Ana winds spread the conflagration across parched terrain, with swaths of the nationally protected Santa Monica Mountains reduced to ash. Moss, the clean energy advocate, evacuated her home with her son that day. Her husband, clinging to hope, stayed until the blaze threatened to swallow him whole. Their neighborhood near Malibu, with its heavily wooded surroundings, was no match for the inferno. “My husband stayed until the last minute, when it just — it looked like it could cost him his life,” Moss said. “Everybody else left, and just about all of us lost.” Three people died. Moss’ home was gone, reduced to a hollowed out structure and charred rubble, along with about 100,000 acres of parkland and wilderness , more than any other fire in recorded history for that area. In 2019, downed PG&E lines ignited Sonoma County’s Kincade Fire . Then two years later, the Dixie Fire , also caused by PG&E equipment, became the second largest wildfire in California history, burning 963,000 acres north of Chico. The 2021 Dixie Fire, which claimed one life and destroyed 1,311 structures, was the last catastrophic wildfire in California confirmed to be caused by utility equipment. The number of fires triggered by the companies’ equipment fluctuates from year to year, driven by the huge variability in California’s weather. But data from 2014 through 2023 indicate there were substantially fewer fires last year than in other recent years. SDG&E equipment caused 16 fires after its high of 32 fires in 2015, Southern California Edison had 90 fires, compared to a 2021 high of 173, and PG&E reported 374 fires after a high of 510 in 2020. PG&E also reported that fires in its highest-risk areas trended down every month of 2023 compared to the same months in previous years. But that progress reversed this year, with 62 fires reported by August in high-risk areas, compared to 65 in all of 2023. (PG&E would not provide 2024 fire data to CalMatters.) Caroline Thomas Jacobs, inaugural director of the state Office of Energy Infrastructure Safety, established in 2021 to oversee utility safety, said progress can be hard to measure. Nevertheless, she said she has seen a cultural shift at electric companies in recent years, with a more focused approach in high-risk areas and an environment that empowers workers to prioritize safety. “It just takes the wrong ignition ... under the right conditions, to have a catastrophic fire,” Thomas Jacobs said. “But are we in a better place? The numbers seem to indicate we’re moving in the right direction.” PG&E has installed more than 1,500 weather stations and 600 AI-enabled cameras to detect severe weather and ignitions, Singh said. Enhanced safety systems now cut power to lines within a tenth of a second. The utility also has cleared vegetation, ordered power shutoffs during high-risk times, insulated lines and buried some lines underground. “Where do we see the greatest risk?” Singh said the company asks itself, and “what is the most cost-effective way to be able to reduce that risk for every dollar that’s spent?” Southern California Edison said since its investments began in 2019, the risk of catastrophic wildfire in its system has dropped between 85 and 90%. The company plans to bury 600 miles of lines in high-risk areas but it is relying much more on less-expensive insulating technology, which already has been used on more than 6,000 miles of lines. SDG&E began prioritizing wildfire prevention, including underground and insulated lines, a decade ahead of the other two utilities, after its lines sparked three major fires in 2007. The company has avoided a catastrophic fire since 2007, despite operating in one of the nation’s most fire-prone regions. “We continue to double down, and do and do more tomorrow than we did yesterday,” said Brian D’Agostino, the utility’s vice president of wildfire and climate science. “We don’t take a single day without a fire for granted.” Critics say the scramble to address the wildfire crisis has left the state vulnerable to overspending by utilities. About two months before the Camp and Woolsey fires, outgoing Gov. Jerry Brown in 2018 signed a $1 billion plan to thin forests and clear out the tinderbox of California’s dead and dying trees. That measure came too late to prevent the devastation. But it opened the door to increased spending by utilities beyond limits set in the highly deliberative process known as their general rate cases, which determine what Californians pay. Newsom and the Legislature in 2019 created a $21 billion wildfire fund paid for by Wall Street investors and California ratepayers to help PG&E exit bankruptcy and protect utilities from being financially threatened by the wildfires they cause. The utilities cannot access the state’s $21 billion fund unless their wildfire plans are approved by the energy safety office. One problem, critics say, is that the safety plans are approved by one government entity while the spending to carry them out is approved by another. “We now have this very odd system,” said Lynch, who served on the utilities commission from 2000 through 2004. “The Office of Energy Infrastructure Safety reviews the plans, puts out guidelines, but then the (commission) still has to ratify the plans, so that the utilities can take money from their ratepayers.” On a temperate, clear morning in the Sierra Nevada foothills east of Placerville in October, a PG&E construction crew donned yellow jackets and safety helmets and went about the work of burying power lines along a narrow, wooded road. Overhead lines snaked through thick trees in this area — prime fire risk territory. The workers buried the lines in a trench that had been dug using a heavy piece of equipment designed to cut hard concrete and soil. Once those power lines are buried and activated, their risk of fires are all but eliminated. Burying lines in high-risk areas improves reliability amid rising wildfire risks and extreme weather, PG&E’s Singh said. Though it’s pricier up front, it eliminates the yearly expense of trimming trees and vegetation, which makes it a better, long-run value for customers, he said. “Underground is a no-brainer when you look at it from that lens,” Singh said. But the high cost and the time it takes to do the work has left some skeptical. The company has buried 800 miles of wires underground since 2021, and plans to bury more than 1,600 by the end of 2026. It aims to get the cost per mile down to $2.8 million by the end of 2026 from $3 million at the end of 2023. Michael Campbell, assistant deputy director of energy for the public advocates office, a state entity that represents utility customers, said PG&E should consider other means of preventing wildfire, like insulated wires, otherwise known as “covered conductors.” This can be deployed more quickly and at a lower cost, he said, and is effective when combined with operational techniques like fast trip settings and power safety shutoffs. “In some areas, (burying power lines) really is the correct approach to minimize risk. But it’s also very slow and very expensive, and so there’s a need to address safety in as many miles as quickly as possible, to reduce overall risk,” Campbell said. The utilities commission has taken a proof-of-concept approach: The commission scaled back PG&E’s plan to bury 2,000 miles through 2026 to 1,230. The commission approved installing covered conductors, or insulated power lines, over 778 miles. Lynch is skeptical of utilities and their big projects because they can profit from them, and Mark Toney, executive director of The Utility Reform Network, says too much spending is going unchecked. The sense of urgency following fires paved the way for the multi-billion surge in spending. The commission authorized PG&E, for instance, to spend $4.66 billion on wildfire costs from 2020 through 2022, but the company ultimately spent $11.7 billion and is seeking payment through utility bills, according to The Utility Reform Network. Audits of nearly $2.5 billion in 2019 and 2020 wildfire spending found some costs from PG&E , Southern California Edison and SDG&E may already have been covered by previously approved rates, or more documentation was needed to confirm they had not been covered. The utilities challenged many of the findings, saying they didn’t plan to claim some of the costs, and disputed the auditor’s conclusions as well as some of their calculations. In interviews with CalMatters, representatives for all three utilities said the process in place to oversee wildfire spending at the utilities commission was robust and thorough. Geraghty, of SDG&E, said the process is transparent, with public comment periods and hearings. Regarding critics who say wildfire prevention should be cheaper and faster, “every one of them had that voice, had that say, had that transparency through this entire process,” he said. Some expenses, such as operating costs, have an immediate impact on how much people pay in their bills. But other costs, such as long-term investments in insulating or burying power lines, are stretched out over years, meaning they add to bills for decades to come . Over time, these capital costs are growing due to factors like depreciation and the returns utilities are allowed to generate. This creates a compounding effect, meaning wildfire-related capital costs will take up an increasing share of what California customers are charged in the future. The burden of the rising bills is hitting many Californians hard. Roshonda Wilson, of Oakland, couldn’t afford to pay her power bill even though she said she watches television only after sunset, refrains from running unnecessary appliances and is hyper-aware of every energy-consuming action in her household. At one point PG&E turned her power off this year. “I couldn’t catch up,” she said. On the other hand, Moss — who has weathered not just the trauma of losing her home near Malibu but also the difficult process of rebuilding — says the expensive wildfire prevention work is critical to prevent more tragedies. “Even though (burying power lines) is costly and time-consuming, the cost and time of not doing it is starting to seem more devastating to a broader swath of people,” Moss said. Nevertheless, the rate hikes have alarmed climate activists who fear rising power bills in California may trigger a backlash against the state’s effort to switch to renewable energy, and influence other states, too. “The state, we fear, will start to lose the political will to keep pushing on,” said Mohit Chhabra, a senior scientist with the Natural Resources Defense Council. “The problem with that is not that California will be a few years late — we can handle that. But the impact on all the other states who are looking at California.” Natasha Uzcátegui-Liggett and Miguel Gutierrez Jr. contributed to this report.
Trump taps Peter Navarro as top trade adviser months after prison release President-elect Donald Trump announced Wednesday that Peter Navarro will return to the White House as his senior counselor for trade and manufacturing. Navarro, who served in Trump's first administration, was behind bars for several months this year for defying a subpoena from the House Select Jan. 6 Committee. Tom LoBianco, co-founder and national political reporter for 24sight News, and Sabrina Rodriguez, national politics reporter at The Washington Post, join with analysis.Alkami technology's chief strategy officer sells $825,741 in stockWASHINGTON — The man tapped to be Donald Trump’s top legislative liaison will face challenges on both ends of Pennsylvania Avenue as he manages a mercurial boss and tough math in both chambers of Congress. If the president-elect’s late-night and pre-sunrise social media blasts about legislation and lawmakers don’t prove challenging enough for former congressional aide James Braid and his incoming White House legislative affairs staff, the tight margins in what will be the Republican-run House and Senate will likely only further complicate matters. But Republican sources say Braid’s history in conservative circles should help the Trump team clear any potential hurdles, predicting several legislative wins next year. Braid is a former policy director for the hard-line conservative House Freedom Caucus and was a staffer for former South Carolina GOP Rep. Mark Sanford and for North Carolina Republican Ted Budd, when he served in the House. He most recently was a senior aide to Ohio Sen. JD Vance, the incoming vice president. “James is a very serious staffer. He works so hard and puts a lot of blood, sweat and tears into whatever he’s working on,” a former Senate GOP aide who has worked directly with Braid said this week. “I could see James and Trump getting along very well. Both are very ‘America First.’ They’re both very boisterous and full of energy — and they’re both hardcore and get-down-to-business guys.” A veteran of the first Trump administration as a legislative affairs aide in the White House Office of Management and Budget, Braid will be able to “tap into his vast well of knowledge about the appropriations process,” according to the former Senate GOP aide. “He’s a strategic thinker and has a lot of political savvy, and is someone who has a history of working with coalitions to get things done,” the former aide added. ‘One of the toughest jobs’ Several Republican sources this week said Trump and his incoming team were eager to, as one said, “put points on the board early.” That means Braid will be busy even before Day 1, as sources noted that House and Senate Republicans and their aides already have begun to look toward the new Congress and advancing Trump’s agenda. G. William Hoagland, a former senior Senate Republican staffer, said in an email that Braid will have “one of the toughest jobs in the White House.” “I would expect there could be some real shouting matches, or at least difficult discussions, with Trump as to why [Braid] cannot get certain House members to fall in line, unlike 2017, when Republicans had nearly a 40-seat majority,” added Hoagland, now with the Bipartisan Policy Center. “I don’t envy his job at all and he will be inundated with outside advisers — Elon Musk, etc. — not to mention new Cabinet officers and [OMB Director pick] Russ Vought.” Vought, who also served as acting OMB director toward the end of Trump’s initial term, could push Braid particularly hard from the White House side of Pennsylvania Avenue. Vought was also a key driver of the conservative Heritage Foundation-led “Project 2025” initiative which calls for deep cuts to federal programs and spending as well as a major overhaul of the federal apparatus — all of which would need Congress’ blessing. “Based on the conversations that I’ve had with the Trump team and some folks who are probably going in [the administration], a big part of what that will be, at least at the start, will be going after the ‘woke’ and weaponized pieces of appropriations,” the former Senate GOP aide said. “And also dealing with Ukraine aid, if that conflict isn’t already over by March,” when a potential pre-recess stopgap spending measure could be due to expire. (Lawmakers are expected this month to extend government funding through the early spring.) Braid did not respond to a message seeking an interview. Nor did Vance’s Senate office. Working the margins Republicans expect to move out on fast-track budget legislation under Congress’ special reconciliation rules, but crafting legislation that both moderate and conservative members can support has been tricky in the past. Finding a way to get that done will be crucial, GOP sources said, because any reconciliation legislation likely would not garner a single Democratic vote in either chamber. “It may be that James’ biggest issue for his future in that position is to quickly establish a good working relationship with the House leadership team including both the speaker’s and minority leader’s offices,” Hoagland said. “This is critical, given the margins.” With the last House race being called by The Associated Press early Wednesday, House Republicans will hold just a paper-thin majority next year — 220-215, assuming full attendance. That margin is, at least temporarily, on track to shrink in the early months of next year. Former Florida Rep. Matt Gaetz, who resigned from Congress last month shortly before withdrawing from consideration to be Trump’s attorney general, has said he will not return next year despite winning a fifth term in November. Two other members are expected to depart to join the new administration — New York Rep. Elise Stefanik, the House GOP conference chair who is Trump’s pick to be U.S. ambassador to the United Nations, and Florida Rep. Michael Waltz, the incoming national security adviser. While special elections are organized and held for those seats, Braid will have his work cut out for him maneuvering members of a House GOP conference that the former senior aide quipped “can go at each other often.” But in doing so, the former aide noted, Braid will have a political reality on his side during the sometimes-testy talks about the contents of legislation. “Remember, all those House members are up for reelection in two years,” he said. “So going against Trump won’t be very wise if they don’t want a primary opponent. I’d expect them to, eventually, fall in line.” Aaron Cutler, a former House GOP leadership aide, said in an email this week that “with tight margins in both chambers, Braid’s task will be to maximize every opportunity for legislative success,” adding: “By focusing on shared priorities and leveraging the president’s strong connection with the Republican base, they’ll have an opportunity to secure wins even in a closely divided Congress.” Beyond the fast-track reconciliation bills, however, Trump and Braid would need to secure at least some Democratic votes for other priorities. Some members of the opposition party already this week were giving Republicans some subtle advice. “Our divisions still run very deep, but our task in this chamber cannot and will not change,” Senate Democratic leader Charles E. Schumer, fresh off being elected by his conference to continue in his role, said Tuesday. “We are sent here to make life better for the American people.” ©2024 CQ-Roll Call, Inc., All Rights Reserved. Visit cqrollcall.com. Distributed by Tribune Content Agency, LLC.
