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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>In a video announcing his bid, Steyer said he built a business worth billions of dollars, then walked away from it to give back to California.\u003c/p>\n\u003cp>If elected, he pledged to lower electric bills, build millions of new homes, make preschool and community college free and ban corporate PAC money in state elections. He also promised to raise taxes on corporations.\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>“Every day, I was judged by numbers. So let’s get down to brass tacks,” he said in the video. “Californians deserve a life they can afford. But the Californians who make this state run are being run over by the cost of living. We need to get back to basics. And that means making corporations pay their fair share again.”\u003c/p>\n\u003cp>Steyer made his fortune founding the San Francisco-based Farallon Capital, a hedge fund that manages money for university endowments, foundations and individuals. He and his wife signed the Giving Pledge in 2010, promising to donate half their fortune during their lifetimes.\u003c/p>\n\u003cp>Steyer enters a crowded field of better-known Democratic politicians, including former Orange County Rep. \u003ca href=\"https://www.kqed.org/news/12030744/porter-enters-crowded-field-for-california-governor-as-kamala-harris-weighs-run\">Katie Porter\u003c/a>, former Attorney General \u003ca href=\"https://www.kqed.org/news/12034105/xavier-becerra-enters-california-governors-race-citing-break-glass-moment\">Xavier Becerra\u003c/a>, former Los Angeles Mayor Antonio Villaraigosa and former state Controller Betty Yee. The most high-profile Republicans running are Riverside County Sheriff Chad Bianco and political commentator Steve Hilton.\u003c/p>\n\u003cp>But the race remains wide open: a recent UC Berkeley poll showed more than a \u003ca href=\"https://escholarship.org/uc/item/8wp3s6qw\">third of voters are undecided\u003c/a>. That same survey found Steyer with just 1% support.\u003c/p>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"content": "\u003cp>\u003cb>California’s Long Road to Economic Recovery\u003cbr>\n\u003c/b>\u003cspan style=\"font-weight: 400\">This week, Gov. Gavin Newsom eased restrictions on additional businesses. Pending approval from county health departments, retailers can now reopen for in-person shopping but with limits on occupancy and face mask requirements for staff and customers. Barbershops and nail salons can also now reopen pending similar approval and protocols in place. Many businesses, however, remain shuttered, especially in regions hard hit by the pandemic, such as in the Bay Area and Los Angeles. California lawmakers must now grapple with a $54 billion state deficit, with millions of residents out of work, tax revenues plummeting and uncertainty mounting about California’s economic future. \u003c/span>\u003c/p>\n\u003cp>\u003cb>Guest:\u003c/b>\u003c/p>\n\u003cul>\n\u003cli style=\"font-weight: 400\">\u003cspan style=\"font-weight: 400\">Tom Steyer, co-chair, Governor’s Task Force on Business and Jobs Recovery\u003c/span>\u003c/li>\n\u003c/ul>\n\u003cp>\u003cb>UCSF Doctors and Nurses Help Navajo Nation Fight COVID-19\u003cbr>\n\u003c/b>\u003cspan style=\"font-weight: 400\">Straddling Arizona, New Mexico and Utah, the Navajo Nation now has the highest rate of coronavirus infection per capita in the country. With a population of roughly 175,000 tribal members living in an area the size of West Virginia, it’s the second-largest federally recognized tribe in the U.S. It’s also an area rife with poverty, where 30% of residents lack access to running water and depend on federally provided health care services. In response to the pandemic, authorities have imposed 57-hour weekend lockdowns and ordered residents to wear face coverings in public. Since late April, teams of volunteer doctors and nurses from UCSF have been traveling to the Navajo Nation to treat COVID-19 patients in this vulnerable community. \u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\"> \u003c/span>\u003cb>Guest:\u003c/b>\u003c/p>\n\u003cul>\n\u003cli style=\"font-weight: 400\">\u003cspan style=\"font-weight: 400\">Dr. Sriram Shamasunder, associate professor of medicine, UCSF\u003c/span>\u003c/li>\n\u003c/ul>\n\u003cp>\u003cb>Future of Cities\u003cbr>\n\u003c/b>\u003cspan style=\"font-weight: 400\">Working from home has become the new norm for many in the age of coronavirus. Some tech companies, like Twitter and Square, are now allowing their employees to work from home indefinitely.\u003c/span>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">Last week, Facebook said up to half of its 48,000 employees could be working remotely in the next five to 10 years. And as the ability to work away from the office becomes more robust, many will have different choices about where to live. But will cities continue to thrive in this new reality, or will they empty out, driven in part by fears of another pandemic outbreak?\u003c/span>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cb>Guest:\u003c/b>\u003c/p>\n\u003cul>\n\u003cli style=\"font-weight: 400\">\u003cspan style=\"font-weight: 400\">Molly Turner, co-host, Technopolis podcast and lecturer, UC Berkeley Haas School of Business\u003c/span>\u003c/li>\n\u003c/ul>\n\n",
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"content": "\u003cp>\u003cstrong>Updated at 9:36 p.m. ET\u003c/strong>\u003c/p>\n\u003cp>Tom Steyer, the billionaire hedge fund investor and environmental activist who staked his campaign on a strong finish in South Carolina, suspended his presidential campaign on Saturday.\u003c/p>\n\u003cp>Steyer aggressively courted the black vote in the state, with a focus on racial and economic justice but had a disappointing finish. Former Vice President Joe Biden \u003ca href=\"https://www.npr.org/2020/02/29/810477647/biden-wins-south-carolina-primary-ap-projects\">was projected to win the state\u003c/a>.\u003c/p>\n\u003cp>“I said if I didn’t see a path to winning, that I’d suspend my campaign,” Steyer told supporters on Saturday. “And honestly, I can’t see a path where I can win the presidency.”\u003c/p>\n\u003cp>Steyer had spent \u003ca href=\"https://apps.npr.org/liveblogs/20200229-south-carolina/share/final-travel-numbers-58.html\">more time\u003c/a> in South Carolina than any other candidate and fielded the largest on-the-ground campaign staff.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>He caused a stir in this state because of his \u003ca href=\"https://apps.npr.org/liveblogs/20200229-south-carolina/share/steyer-dominates-in-south-carolina-26.html\">extensive spending\u003c/a>. He spent nearly $24 million on ads there and waged an aggressive direct-mail campaign. Some of his spending, including the practice of hiring local lawmakers as paid staff, drew unease that he was buying the black vote.\u003c/p>\n\u003cp>Though Steyer made an aggressive play for South Carolina voters, he did not earn a single delegate in Iowa, New Hampshire or Nevada — the first three contests — and polls showed a daunting path ahead in the 14 states that vote on Super Tuesday. [aside tag=\"election-2020\" label=\"more coverage\"]\u003c/p>\n\u003cp>Steyer entered the race in July, despite an earlier announcement that he wouldn’t seek the nomination and would instead focus on efforts to impeach President Trump.\u003c/p>\n\u003cp>The 62-year-old environmental activist made his fortune as a hedge fund manager and raised awareness of climate change through his NextGen America organization.\u003c/p>\n\u003cp>He raised his national profile by pushing for Trump’s impeachment and spent $120 million during the 2018 election cycle on digital and TV ads as part of his “Need to Impeach” initiative.\u003c/p>\n\u003cp>Steyer’s final campaign rally was at Allen University, a historically black college in Columbia, South Carolina. He brought the rapper Juvenile, gospel singer Yolanda Adams and DJ Jazzy Jeff to the school’s gymnasium to perform for a largely black, though generationally diverse audience.\u003c/p>\n\u003cp>When he took the stage, he told his supporters that people from South Carolina are “up for a righteous fight.”\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>“Win, lose or draw, I fell in love with the people of South Carolina,” Steyer said then. “I’m never leaving … and we’re going to win this fight.”\u003c/p>\n\u003cdiv class=\"fullattribution\">Copyright 2020 NPR. To see more, visit https://www.npr.org.\u003cimg decoding=\"async\" src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Tom+Steyer+Drops+Out+Of+2020+Presidential+Race&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cstrong>Updated at 9:36 p.m. ET\u003c/strong>\u003c/p>\n\u003cp>Tom Steyer, the billionaire hedge fund investor and environmental activist who staked his campaign on a strong finish in South Carolina, suspended his presidential campaign on Saturday.\u003c/p>\n\u003cp>Steyer aggressively courted the black vote in the state, with a focus on racial and economic justice but had a disappointing finish. Former Vice President Joe Biden \u003ca href=\"https://www.npr.org/2020/02/29/810477647/biden-wins-south-carolina-primary-ap-projects\">was projected to win the state\u003c/a>.\u003c/p>\n\u003cp>“I said if I didn’t see a path to winning, that I’d suspend my campaign,” Steyer told supporters on Saturday. “And honestly, I can’t see a path where I can win the presidency.”\u003c/p>\n\u003cp>Steyer had spent \u003ca href=\"https://apps.npr.org/liveblogs/20200229-south-carolina/share/final-travel-numbers-58.html\">more time\u003c/a> in South Carolina than any other candidate and fielded the largest on-the-ground campaign staff.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>He caused a stir in this state because of his \u003ca href=\"https://apps.npr.org/liveblogs/20200229-south-carolina/share/steyer-dominates-in-south-carolina-26.html\">extensive spending\u003c/a>. He spent nearly $24 million on ads there and waged an aggressive direct-mail campaign. Some of his spending, including the practice of hiring local lawmakers as paid staff, drew unease that he was buying the black vote.\u003c/p>\n\u003cp>Though Steyer made an aggressive play for South Carolina voters, he did not earn a single delegate in Iowa, New Hampshire or Nevada — the first three contests — and polls showed a daunting path ahead in the 14 states that vote on Super Tuesday. \u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Steyer entered the race in July, despite an earlier announcement that he wouldn’t seek the nomination and would instead focus on efforts to impeach President Trump.\u003c/p>\n\u003cp>The 62-year-old environmental activist made his fortune as a hedge fund manager and raised awareness of climate change through his NextGen America organization.\u003c/p>\n\u003cp>He raised his national profile by pushing for Trump’s impeachment and spent $120 million during the 2018 election cycle on digital and TV ads as part of his “Need to Impeach” initiative.\u003c/p>\n\u003cp>Steyer’s final campaign rally was at Allen University, a historically black college in Columbia, South Carolina. He brought the rapper Juvenile, gospel singer Yolanda Adams and DJ Jazzy Jeff to the school’s gymnasium to perform for a largely black, though generationally diverse audience.\u003c/p>\n\u003cp>When he took the stage, he told his supporters that people from South Carolina are “up for a righteous fight.”\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>“Win, lose or draw, I fell in love with the people of South Carolina,” Steyer said then. “I’m never leaving … and we’re going to win this fight.”\u003c/p>\n\u003cdiv class=\"fullattribution\">Copyright 2020 NPR. To see more, visit https://www.npr.org.\u003cimg decoding=\"async\" src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Tom+Steyer+Drops+Out+Of+2020+Presidential+Race&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>Billionaire presidential candidate Michael Bloomberg has spent \u003ca href=\"https://projects.fivethirtyeight.com/2020-campaign-ads/#candidate=michael-bloomberg&market=ca\">$46 million and counting\u003c/a> on campaign advertisements in California.\u003c/p>\n\u003cp>The next highest-spending billionaire candidate is Tom Steyer, who \u003cem>only\u003c/em> spent $26 million or so on ads in the state.\u003c/p>\n\u003cp>By comparison, Bernie Sanders has spent a little over $5 million on campaign ads in California.\u003c/p>\n\u003cp>Last I checked, Mike Bloomberg was \u003ca href=\"https://www.kqed.org/news/11803677/tough-times-for-bloomberg\">polling worse\u003c/a> than the convicted felon and wildfire-causing utility, PG&E.\u003c/p>\n\u003cp>Which shows you don’t necessarily get what you pay for when it comes to campaign ads.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Billionaire presidential candidate Michael Bloomberg has spent \u003ca href=\"https://projects.fivethirtyeight.com/2020-campaign-ads/#candidate=michael-bloomberg&market=ca\">$46 million and counting\u003c/a> on campaign advertisements in California.\u003c/p>\n\u003cp>The next highest-spending billionaire candidate is Tom Steyer, who \u003cem>only\u003c/em> spent $26 million or so on ads in the state.\u003c/p>\n\u003cp>By comparison, Bernie Sanders has spent a little over $5 million on campaign ads in California.\u003c/p>\n\u003cp>Last I checked, Mike Bloomberg was \u003ca href=\"https://www.kqed.org/news/11803677/tough-times-for-bloomberg\">polling worse\u003c/a> than the convicted felon and wildfire-causing utility, PG&E.\u003c/p>\n\u003cp>Which shows you don’t necessarily get what you pay for when it comes to campaign ads.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cp style=\"font-weight: 400\">\u003ci>\u003cem>‘If you give [corporations] the unlimited ability to participate in politics, it will skew everything because they only care about profits. You know, you look at climate change, that is people who are saying, ‘we’d rather make money than save the world.’ That is an amazing statement, and it’s happening today. And there are politicians supporting that.’ —Tom Steyer, \u003ca href=\"https://www.youtube.com/watch?v=Q0pFvLtryd0&feature=youtu.be\" target=\"_blank\" rel=\"noopener noreferrer\">July 2019\u003c/a>\u003c/em>\u003c/i>\u003c/p>\n\u003cp>\u003cstrong>Been There\u003c/strong>\u003c/p>\n\u003cp style=\"font-weight: 400\">Tom Steyer rose to fame as the most prolific Democratic political donor, willing to spend tens of millions to elect candidates committed to action on climate change. But he has divulged little about why he decided to end a successful career managing a multibillion dollar hedge fund — with investments that included fossil fuel interests — to enter politics and the climate fight.\u003c/p>\n\u003cp style=\"font-weight: 400\">In a 2014 profile, \u003ca href=\"https://www.mensjournal.com/features/tom-steyer-an-inconvenient-billionaire-20140218\" target=\"_blank\" rel=\"noopener noreferrer\">he told \u003c/a>Men’s Journal that he realized, “I really don’t want the highlight of my life to be my success as an investor.” His wife, Kathryn Taylor, said the couple became embarrassed in the mid 2000s that they were profiting from investments in oil companies while committing themselves to environmental issues. In 2012, Steyer stepped down from his role at the hedge fund, sold his personal fossil fuel assets, and got involved in electoral politics.\u003c/p>\n\u003cp>[pullquote align=\"right\" size=\"medium\"]Analysis: The Candidates on Climate Change\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"https://www.kqed.org/science/1956430/joe-biden-climate-profile-surprising-embrace-of-green-new-deal\" target=\"_blank\" rel=\"noopener noreferrer\">Joe Biden\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.kqed.org/science/1956501/michael-bloomberg-climate-profile-shutting-down-coal-modest-federal-spending%22\" target=\"_blank\" rel=\"noopener noreferrer\">Michael Bloomberg\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.kqed.org/science/1956514/pete-buttigieg-climate-profile-making-u-s-the-worlds-clean-tech-leader\" target=\"_blank\" rel=\"noopener noreferrer\">Pete Buttigieg\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.kqed.org/science/1956525/amy-klobuchar-climate-profile-using-presidency-to-restore-clean-energy-policies\" target=\"_blank\" rel=\"noopener noreferrer\">Amy Klobuchar\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.kqed.org/science/1956421/bernie-sanders-climate-profile-16-trillion-in-spending-for-most-ambitious-plan-yet\" target=\"_blank\" rel=\"noopener noreferrer\">Bernie Sanders\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.kqed.org/science/1957088/donald-trump-climate-profile-this-president-is-all-about-fossil-fuels\" target=\"_blank\" rel=\"noopener noreferrer\">Donald Trump\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.kqed.org/science/1956437/elizabeth-warren-climate-profile-taking-up-mantle-of-former-climate-candidate-inslee\" target=\"_blank\" rel=\"noopener noreferrer\">Elizabeth Warren\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cp>[/pullquote]\u003c/p>\n\u003cp>\u003cstrong>Done That\u003c/strong>\u003c/p>\n\u003cp style=\"font-weight: 400\">Steyer’s chief climate accomplishments have come through his checkbook. The billionaire emerged as a climate-champion counterpoint to the Koch brothers, the conservative oil barons. In 2013, he devoted millions of dollars to candidates across the country, from the \u003ca href=\"https://www.politico.com/story/2013/11/ken-cuccinelli-virginia-governor-2013-democrats-099255\" target=\"_blank\" rel=\"noopener noreferrer\">governor’s race in Virginia\u003c/a> to \u003ca href=\"https://www.pri.org/stories/2013-10-28/environmentalists-and-big-coal-fight-it-out-small-election-washington-state\" target=\"_blank\" rel=\"noopener noreferrer\">county council elections\u003c/a> in Washington state, who promised to take action on climate change or oppose fossil fuel development.\u003c/p>\n\u003cp style=\"font-weight: 400\">He founded the nonprofit NextGen Climate the same year to build a political movement around climate action, working on voter registration and mobilization. Since then, he and Taylor have given nearly $240 million to federal candidates, parties and committees, placing them among the nation’s top donors.\u003c/p>\n\u003cp style=\"font-weight: 400\">Last year, NextGen backed ballot initiatives in Arizona and Nevada that would require the states to get half their electricity from renewable sources by 2030. Voters rejected the measure in Arizona, but approved it in Nevada. In Michigan, his group \u003ca href=\"https://www.apnews.com/644b380367ee4cfea3cdffb6a02af6f1\" target=\"_blank\" rel=\"noopener noreferrer\">withdrew a similar initiative\u003c/a> after two utilities agreed to buy 25 percent of their power from renewable sources by 2030.\u003c/p>\n\u003cp>[ad fullwidth]\u003cbr>\n\u003cstrong>Getting Specific\u003c/strong>\u003c/p>\n\u003cp>• \u003cspan style=\"font-weight: 400\">Steyer’s campaign published an \u003c/span>extensive “Justice-Centered”\u003ca href=\"https://www.tomsteyer.com/climate-plan-framework/\" target=\"_blank\" rel=\"noopener noreferrer\"> climate plan\u003c/a>\u003cspan style=\"font-weight: 400\"> that includes a commitment to declare climate change a national emergency and support for Green New Deal legislation. The plan aims for 100 percent clean electricity by 2040 and net-zero greenhouse gas emissions by 2045 across all sectors, including homes and buildings.\u003c/span>\u003c/p>\n\u003cp>• Steyer says he would build a community-based network to inform his policies and a “Civilian Climate Corps” that would be funded with $250 billion in bonds over a decade and intended to create 1 million jobs.\u003c/p>\n\u003cp>• His plan would commit $50 billion to wages and benefits to help fossil fuel workers to “thrive in a cleaner, more inclusive economy.”\u003c/p>\n\u003cp>• Without mentioning a carbon tax, Steyer says he would eliminate “all forms of government giveaways” to fossil fuel companies, “including unlimited and unpriced global warming pollution.”\u003c/p>\n\u003cp>• Steyer says he would \u003ca href=\"https://www.tomsteyer.com/infrastructure-creation-at-a-glance/\" target=\"_blank\" rel=\"noopener noreferrer\">commit $2 trillion\u003c/a> over a decade to make infrastructure more climate-friendly and resilient, which he anticipates would mobilize an additional $4 trillion from non-federal sources. Half of the total would be focused on cleaner energy, industry and buildings, including modernizing the power grid and reducing methane emissions. About $775 billion would go into cleaning up transportation, including expanding electric vehicle charging infrastructure, “electrifying every school bus in the country” and improving public transit.\u003c/p>\n\u003cp>• His plan also aims to make communities and the military’s infrastructure more resilient to climate change, while supporting efforts to improve disaster planning and response.\u003c/p>\n\u003cp>\u003cstrong>ICN’s Take\u003c/strong>\u003c/p>\n\u003cp style=\"font-weight: 400\">While climate change was the primary focus of Steyer’s money and activism for years, he has broadened his political scope since Donald Trump was elected president. He launched a \u003ca href=\"https://www.needtoimpeach.com/\" target=\"_blank\" rel=\"noopener noreferrer\">new group\u003c/a> in 2017 devoted to impeaching Trump, changed NextGen Climate’s name to NextGen America and began promoting his idea of “\u003ca href=\"https://www.tomsteyer.com/5-rights/\" target=\"_blank\" rel=\"noopener noreferrer\">5 Rights\u003c/a>“: to an equal vote, clean air and water, education, a living wage and health care.\u003c/p>\n\u003cp style=\"font-weight: 400\">In a \u003ca href=\"https://www.youtube.com/watch?v=Q0pFvLtryd0&feature=youtu.be\" target=\"_blank\" rel=\"noopener noreferrer\">video announcing\u003c/a> his campaign for president, Steyer organizes these issues around a common root problem: corporate influence. His own wealth may be his biggest asset — a spokesman said he’s ready to \u003ca href=\"https://www.nytimes.com/2019/07/09/us/politics/tom-steyer-president.html\" target=\"_blank\" rel=\"noopener noreferrer\">spend $100 million\u003c/a> on his campaign.\u003c/p>\n\u003cp>\u003cem>Read \u003ca href=\"https://www.tomsteyer.com/climate-justice/\" target=\"_blank\" rel=\"noopener noreferrer\">Tom Steyer’s climate platform\u003c/a>.\u003c/em>\u003c/p>\n\u003cp>\u003cem>\u003ca href=\"https://insideclimatenews.org/\" target=\"_blank\" rel=\"noopener noreferrer\">InsideClimate News\u003c/a> is a nonprofit, independent news organization that covers climate, energy and the environment. Sign up for the ICN newsletter \u003ca href=\"https://insideclimatenews.org/newsletter/icn-weekly\" target=\"_blank\" rel=\"noopener noreferrer\">here\u003c/a>.\u003c/em>\u003c/p>\n\u003cp style=\"font-weight: 400\">\n\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp style=\"font-weight: 400\">\u003ci>\u003cem>‘If you give [corporations] the unlimited ability to participate in politics, it will skew everything because they only care about profits. You know, you look at climate change, that is people who are saying, ‘we’d rather make money than save the world.’ That is an amazing statement, and it’s happening today. And there are politicians supporting that.’ —Tom Steyer, \u003ca href=\"https://www.youtube.com/watch?v=Q0pFvLtryd0&feature=youtu.be\" target=\"_blank\" rel=\"noopener noreferrer\">July 2019\u003c/a>\u003c/em>\u003c/i>\u003c/p>\n\u003cp>\u003cstrong>Been There\u003c/strong>\u003c/p>\n\u003cp style=\"font-weight: 400\">Tom Steyer rose to fame as the most prolific Democratic political donor, willing to spend tens of millions to elect candidates committed to action on climate change. But he has divulged little about why he decided to end a successful career managing a multibillion dollar hedge fund — with investments that included fossil fuel interests — to enter politics and the climate fight.\u003c/p>\n\u003cp style=\"font-weight: 400\">In a 2014 profile, \u003ca href=\"https://www.mensjournal.com/features/tom-steyer-an-inconvenient-billionaire-20140218\" target=\"_blank\" rel=\"noopener noreferrer\">he told \u003c/a>Men’s Journal that he realized, “I really don’t want the highlight of my life to be my success as an investor.” His wife, Kathryn Taylor, said the couple became embarrassed in the mid 2000s that they were profiting from investments in oil companies while committing themselves to environmental issues. In 2012, Steyer stepped down from his role at the hedge fund, sold his personal fossil fuel assets, and got involved in electoral politics.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "Analysis: The Candidates on Climate Change\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"https://www.kqed.org/science/1956430/joe-biden-climate-profile-surprising-embrace-of-green-new-deal\" target=\"_blank\" rel=\"noopener noreferrer\">Joe Biden\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.kqed.org/science/1956501/michael-bloomberg-climate-profile-shutting-down-coal-modest-federal-spending%22\" target=\"_blank\" rel=\"noopener noreferrer\">Michael Bloomberg\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.kqed.org/science/1956514/pete-buttigieg-climate-profile-making-u-s-the-worlds-clean-tech-leader\" target=\"_blank\" rel=\"noopener noreferrer\">Pete Buttigieg\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.kqed.org/science/1956525/amy-klobuchar-climate-profile-using-presidency-to-restore-clean-energy-policies\" target=\"_blank\" rel=\"noopener noreferrer\">Amy Klobuchar\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.kqed.org/science/1956421/bernie-sanders-climate-profile-16-trillion-in-spending-for-most-ambitious-plan-yet\" target=\"_blank\" rel=\"noopener noreferrer\">Bernie Sanders\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.kqed.org/science/1957088/donald-trump-climate-profile-this-president-is-all-about-fossil-fuels\" target=\"_blank\" rel=\"noopener noreferrer\">Donald Trump\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.kqed.org/science/1956437/elizabeth-warren-climate-profile-taking-up-mantle-of-former-climate-candidate-inslee\" target=\"_blank\" rel=\"noopener noreferrer\">Elizabeth Warren\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cp>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cstrong>Done That\u003c/strong>\u003c/p>\n\u003cp style=\"font-weight: 400\">Steyer’s chief climate accomplishments have come through his checkbook. The billionaire emerged as a climate-champion counterpoint to the Koch brothers, the conservative oil barons. In 2013, he devoted millions of dollars to candidates across the country, from the \u003ca href=\"https://www.politico.com/story/2013/11/ken-cuccinelli-virginia-governor-2013-democrats-099255\" target=\"_blank\" rel=\"noopener noreferrer\">governor’s race in Virginia\u003c/a> to \u003ca href=\"https://www.pri.org/stories/2013-10-28/environmentalists-and-big-coal-fight-it-out-small-election-washington-state\" target=\"_blank\" rel=\"noopener noreferrer\">county council elections\u003c/a> in Washington state, who promised to take action on climate change or oppose fossil fuel development.\u003c/p>\n\u003cp style=\"font-weight: 400\">He founded the nonprofit NextGen Climate the same year to build a political movement around climate action, working on voter registration and mobilization. Since then, he and Taylor have given nearly $240 million to federal candidates, parties and committees, placing them among the nation’s top donors.\u003c/p>\n\u003cp style=\"font-weight: 400\">Last year, NextGen backed ballot initiatives in Arizona and Nevada that would require the states to get half their electricity from renewable sources by 2030. Voters rejected the measure in Arizona, but approved it in Nevada. In Michigan, his group \u003ca href=\"https://www.apnews.com/644b380367ee4cfea3cdffb6a02af6f1\" target=\"_blank\" rel=\"noopener noreferrer\">withdrew a similar initiative\u003c/a> after two utilities agreed to buy 25 percent of their power from renewable sources by 2030.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cbr>\n\u003cstrong>Getting Specific\u003c/strong>\u003c/p>\n\u003cp>• \u003cspan style=\"font-weight: 400\">Steyer’s campaign published an \u003c/span>extensive “Justice-Centered”\u003ca href=\"https://www.tomsteyer.com/climate-plan-framework/\" target=\"_blank\" rel=\"noopener noreferrer\"> climate plan\u003c/a>\u003cspan style=\"font-weight: 400\"> that includes a commitment to declare climate change a national emergency and support for Green New Deal legislation. The plan aims for 100 percent clean electricity by 2040 and net-zero greenhouse gas emissions by 2045 across all sectors, including homes and buildings.\u003c/span>\u003c/p>\n\u003cp>• Steyer says he would build a community-based network to inform his policies and a “Civilian Climate Corps” that would be funded with $250 billion in bonds over a decade and intended to create 1 million jobs.\u003c/p>\n\u003cp>• His plan would commit $50 billion to wages and benefits to help fossil fuel workers to “thrive in a cleaner, more inclusive economy.”\u003c/p>\n\u003cp>• Without mentioning a carbon tax, Steyer says he would eliminate “all forms of government giveaways” to fossil fuel companies, “including unlimited and unpriced global warming pollution.”\u003c/p>\n\u003cp>• Steyer says he would \u003ca href=\"https://www.tomsteyer.com/infrastructure-creation-at-a-glance/\" target=\"_blank\" rel=\"noopener noreferrer\">commit $2 trillion\u003c/a> over a decade to make infrastructure more climate-friendly and resilient, which he anticipates would mobilize an additional $4 trillion from non-federal sources. Half of the total would be focused on cleaner energy, industry and buildings, including modernizing the power grid and reducing methane emissions. About $775 billion would go into cleaning up transportation, including expanding electric vehicle charging infrastructure, “electrifying every school bus in the country” and improving public transit.\u003c/p>\n\u003cp>• His plan also aims to make communities and the military’s infrastructure more resilient to climate change, while supporting efforts to improve disaster planning and response.\u003c/p>\n\u003cp>\u003cstrong>ICN’s Take\u003c/strong>\u003c/p>\n\u003cp style=\"font-weight: 400\">While climate change was the primary focus of Steyer’s money and activism for years, he has broadened his political scope since Donald Trump was elected president. He launched a \u003ca href=\"https://www.needtoimpeach.com/\" target=\"_blank\" rel=\"noopener noreferrer\">new group\u003c/a> in 2017 devoted to impeaching Trump, changed NextGen Climate’s name to NextGen America and began promoting his idea of “\u003ca href=\"https://www.tomsteyer.com/5-rights/\" target=\"_blank\" rel=\"noopener noreferrer\">5 Rights\u003c/a>“: to an equal vote, clean air and water, education, a living wage and health care.\u003c/p>\n\u003cp style=\"font-weight: 400\">In a \u003ca href=\"https://www.youtube.com/watch?v=Q0pFvLtryd0&feature=youtu.be\" target=\"_blank\" rel=\"noopener noreferrer\">video announcing\u003c/a> his campaign for president, Steyer organizes these issues around a common root problem: corporate influence. His own wealth may be his biggest asset — a spokesman said he’s ready to \u003ca href=\"https://www.nytimes.com/2019/07/09/us/politics/tom-steyer-president.html\" target=\"_blank\" rel=\"noopener noreferrer\">spend $100 million\u003c/a> on his campaign.\u003c/p>\n\u003cp>\u003cem>Read \u003ca href=\"https://www.tomsteyer.com/climate-justice/\" target=\"_blank\" rel=\"noopener noreferrer\">Tom Steyer’s climate platform\u003c/a>.\u003c/em>\u003c/p>\n\u003cp>\u003cem>\u003ca href=\"https://insideclimatenews.org/\" target=\"_blank\" rel=\"noopener noreferrer\">InsideClimate News\u003c/a> is a nonprofit, independent news organization that covers climate, energy and the environment. Sign up for the ICN newsletter \u003ca href=\"https://insideclimatenews.org/newsletter/icn-weekly\" target=\"_blank\" rel=\"noopener noreferrer\">here\u003c/a>.\u003c/em>\u003c/p>\n\u003cp style=\"font-weight: 400\">\n\u003c/p>\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"disqusTitle": "Donald Trump Leads Pack in Social Media Ad Spending for Election 2020",
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"content": "\u003cp>Maybe you’ve already noticed ads for presidential contenders on your social media feeds. Brace yourselves: you're going to see a lot more as election 2020 heats up.\u003c/p>\n\u003cp>President Trump is leading the pack, according to \u003ca href=\"https://www.anotheracronym.org/fwiw-2020-dashboard/\" target=\"_blank\" rel=\"noopener noreferrer\">Acronym\u003c/a>, a progressive nonprofit working with Democrats to improve their digital game. So far, Trump has spent more than $36 million on Google and Facebook.\u003c/p>\n\u003cp>What do those ads look like? Something like this one, on YouTube:\u003c/p>\n\u003cp>[youtube https://www.youtube.com/watch?v=C7dt8HNV_Ac]\u003c/p>\n\u003cp>[pullquote]Unlike Facebook, which has said it won't fact check ads, Google has taken down hundreds of them for factual inaccuracies — albeit after they ran for awhile and Google got paid.[/pullquote]Only two Democratic presidential candidates are anywhere near matching Trump's spending, but they trail by a wide margin in polls: former New York City Mayor Michael Bloomberg, with $34 million spent on Google and Facebook, and billionaire philanthropist and activist Tom Steyer, who paid almost $24 million.\u003c/p>\n\u003cp>Compare that to \u003ca href=\"https://projects.fivethirtyeight.com/2020-campaign-ads/#\" target=\"_blank\" rel=\"noopener noreferrer\">television\u003c/a>, where Bloomberg and Steyer substantially outpace spending by Trump and his allies. On both platforms, the other candidates fall far behind in terms of ad buys.\u003c/p>\n\u003cfigure id=\"attachment_11798394\" class=\"wp-caption aligncenter\" style=\"max-width: 1710px\">\u003cimg class=\"size-full wp-image-11798394\" src=\"https://ww2.kqed.org/app/uploads/sites/10/2020/01/Screen-Shot-2020-01-27-at-6.30.19-PM.png\" alt=\"2020 candidates total digital spending on Facebook and Google so far. (Source: Acronym)\" width=\"1710\" height=\"766\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2020/01/Screen-Shot-2020-01-27-at-6.30.19-PM.png 1710w, https://ww2.kqed.org/app/uploads/sites/10/2020/01/Screen-Shot-2020-01-27-at-6.30.19-PM-160x72.png 160w, https://ww2.kqed.org/app/uploads/sites/10/2020/01/Screen-Shot-2020-01-27-at-6.30.19-PM-800x358.png 800w, https://ww2.kqed.org/app/uploads/sites/10/2020/01/Screen-Shot-2020-01-27-at-6.30.19-PM-1020x457.png 1020w\" sizes=\"(max-width: 1710px) 100vw, 1710px\">\u003cfigcaption class=\"wp-caption-text\">2020 candidates total digital spending on Facebook and Google so far. \u003ccite>(Courtesy of Acronym)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>But analysts say you can expect the field of play to change dramatically once the March primary determines who the Democratic contender will be.\u003c/p>\n\u003cp>\"The Democrats have a different challenge right now,\" said Betsy Hoover, co-founder of \u003ca href=\"https://highergroundlabs.com\" target=\"_blank\" rel=\"noopener noreferrer\">Higher Ground Labs\u003c/a>, a political technology accelerator. \"That's just the reality of a crowded primary.\"\u003c/p>\n\u003cp>\"Trump and his campaign have been running a general election campaign and advertising program essentially since he was inaugurated in 2017,\" said Tara McGowan, co-founder and CEO of Acronym. The group runs a political action committee that plans to spend $75 million on digital advertising to counter Trump’s early spending advantage in 2020 battleground states.\u003c/p>\n\u003cp>https://twitter.com/jack/status/1189634360472829952?ref_src=twsrc%5Etfw\u003c/p>\n\u003cp>That said, every U.S. president with an eye to reelection has used the bully pulpit of his office to garner free advertising by generating news. Trump is no exception, but his capacity to use Twitter to generate conversation and controversy is unprecedented. That's despite the fact that the social media platform announced in October last year it would \u003ca href=\"https://twitter.com/jack/status/1189634360472829952\" target=\"_blank\" rel=\"noopener noreferrer\">ban political ads\u003c/a>.\u003c/p>\n\u003cp>The decision was relatively easy for Twitter to make since it doesn't get much of its money from political advertising. The story is different for Google and Facebook, both of which are built on advertising.\u003c/p>\n\u003cp>[aside tag='2020-election' label='Election 2020']Unlike Facebook, which has said it won't fact check ads, Google has \u003ca href=\"https://www.youtube.com/watch?v=qH-HwDThHkI\" target=\"_blank\" rel=\"noopener noreferrer\">taken down\u003c/a> hundreds of them for factual inaccuracies — albeit after they ran for awhile and Google got paid.\u003c/p>\n\u003cp>In November, Google acknowledged public concern about platforms self-policing in an election in announcing it would limit microtargeting — meaning that political ads in the U.S. can only be targeted based on users’ age, gender and ZIP code as of Jan. 6.\u003c/p>\n\u003cp>[pullquote]President Trump has spent more than $36 million on Google and Facebook ads for his reelection campaign.[/pullquote]A number of analysts say limiting microtargeting will help to reduce the play of misleading ads because they'll reach a wider audience — full of people more likely to call out lies quickly. That's not the case with microtargeting. If you’re a liberal, you have to make an effort to find conservative ads, and the same goes for conservatives looking for liberal ads. Platform algorithms feed ads to viewers likely to find them appealing, or at least not offensive.\u003c/p>\n\u003cp>But not everyone believes microtargeting is an unmitigated evil, which is how Facebook \u003ca href=\"https://about.fb.com/news/2020/01/political-ads/\" target=\"_blank\" rel=\"noopener noreferrer\">defends its decision to allow for it\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>Unlike Google, we have chosen not to limit targeting of these ads. We considered doing so, but through extensive outreach and consultations we heard about the importance of these tools for reaching key audiences from a wide range of NGOs, nonprofits, political groups and campaigns, including both Republican and Democratic committees in the U.S.\u003c/p>\u003c/blockquote>\n\u003cp>\"There's no dark arts,\" said McGowan of Acronym, which also registers voters. \"We have the same talent and strategies on our side. The issue is really resources and time.\"\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Maybe you’ve already noticed ads for presidential contenders on your social media feeds. Brace yourselves: you're going to see a lot more as election 2020 heats up.\u003c/p>\n\u003cp>President Trump is leading the pack, according to \u003ca href=\"https://www.anotheracronym.org/fwiw-2020-dashboard/\" target=\"_blank\" rel=\"noopener noreferrer\">Acronym\u003c/a>, a progressive nonprofit working with Democrats to improve their digital game. So far, Trump has spent more than $36 million on Google and Facebook.\u003c/p>\n\u003cp>What do those ads look like? Something like this one, on YouTube:\u003c/p>\n\u003cp>\u003c/p>\u003cp>\u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutube'>\n \u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutubeInside'>\n \u003ciframe\n loading='lazy'\n class='utils-parseShortcode-shortcodes-__youtubeShortcode__youtubePlayer'\n type='text/html'\n src='//www.youtube.com/embed/C7dt8HNV_Ac'\n title='//www.youtube.com/embed/C7dt8HNV_Ac'\n allowfullscreen='true'\n style='border:0;'>\u003c/iframe>\n \u003c/span>\n \u003c/span>\u003c/p>\u003cp>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>Only two Democratic presidential candidates are anywhere near matching Trump's spending, but they trail by a wide margin in polls: former New York City Mayor Michael Bloomberg, with $34 million spent on Google and Facebook, and billionaire philanthropist and activist Tom Steyer, who paid almost $24 million.\u003c/p>\n\u003cp>Compare that to \u003ca href=\"https://projects.fivethirtyeight.com/2020-campaign-ads/#\" target=\"_blank\" rel=\"noopener noreferrer\">television\u003c/a>, where Bloomberg and Steyer substantially outpace spending by Trump and his allies. On both platforms, the other candidates fall far behind in terms of ad buys.\u003c/p>\n\u003cfigure id=\"attachment_11798394\" class=\"wp-caption aligncenter\" style=\"max-width: 1710px\">\u003cimg class=\"size-full wp-image-11798394\" src=\"https://ww2.kqed.org/app/uploads/sites/10/2020/01/Screen-Shot-2020-01-27-at-6.30.19-PM.png\" alt=\"2020 candidates total digital spending on Facebook and Google so far. (Source: Acronym)\" width=\"1710\" height=\"766\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2020/01/Screen-Shot-2020-01-27-at-6.30.19-PM.png 1710w, https://ww2.kqed.org/app/uploads/sites/10/2020/01/Screen-Shot-2020-01-27-at-6.30.19-PM-160x72.png 160w, https://ww2.kqed.org/app/uploads/sites/10/2020/01/Screen-Shot-2020-01-27-at-6.30.19-PM-800x358.png 800w, https://ww2.kqed.org/app/uploads/sites/10/2020/01/Screen-Shot-2020-01-27-at-6.30.19-PM-1020x457.png 1020w\" sizes=\"(max-width: 1710px) 100vw, 1710px\">\u003cfigcaption class=\"wp-caption-text\">2020 candidates total digital spending on Facebook and Google so far. \u003ccite>(Courtesy of Acronym)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>But analysts say you can expect the field of play to change dramatically once the March primary determines who the Democratic contender will be.\u003c/p>\n\u003cp>\"The Democrats have a different challenge right now,\" said Betsy Hoover, co-founder of \u003ca href=\"https://highergroundlabs.com\" target=\"_blank\" rel=\"noopener noreferrer\">Higher Ground Labs\u003c/a>, a political technology accelerator. \"That's just the reality of a crowded primary.\"\u003c/p>\n\u003cp>\"Trump and his campaign have been running a general election campaign and advertising program essentially since he was inaugurated in 2017,\" said Tara McGowan, co-founder and CEO of Acronym. The group runs a political action committee that plans to spend $75 million on digital advertising to counter Trump’s early spending advantage in 2020 battleground states.\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>Unlike Facebook, which has said it won't fact check ads, Google has \u003ca href=\"https://www.youtube.com/watch?v=qH-HwDThHkI\" target=\"_blank\" rel=\"noopener noreferrer\">taken down\u003c/a> hundreds of them for factual inaccuracies — albeit after they ran for awhile and Google got paid.\u003c/p>\n\u003cp>In November, Google acknowledged public concern about platforms self-policing in an election in announcing it would limit microtargeting — meaning that political ads in the U.S. can only be targeted based on users’ age, gender and ZIP code as of Jan. 6.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cp>San Francisco billionaire and climate activist Tom Steyer, who founded a hedge fund that has \u003ca href=\"https://www.nytimes.com/2014/07/05/us/politics/prominent-environmentalist-helped-fund-coal-projects.html\" target=\"_blank\" rel=\"noopener noreferrer\">financed large coal projects\u003c/a>, declared he is \u003ca href=\"https://www.kqed.org/news/11759848/san-francisco-billionaire-tom-steyer-launches-2020-presidential-bid-reversing-previous-decision\" rel=\"noopener noreferrer\" target=\"_blank\">running for president\u003c/a>.\u003c/p>\n\u003cp>Steyer, who initially said he wasn’t planning on running, now joins a Democratic field of over 20 candidates.\u003c/p>\n\u003cp>Having founded Farallon Capital Management in San Francisco, Steyer \u003ca href=\"https://www.reuters.com/article/us-usa-steyer-coal-insight/from-black-to-green-u-s-billionaires-road-to-damascus-idUSBREA4C06B20140513\" target=\"_blank\" rel=\"noopener noreferrer\">left the company in 2012\u003c/a>, citing a desire to fight for the environment.\u003c/p>\n\u003cp>In truth, I’m a little conflicted.\u003c/p>\n\u003cp>Do we point out the hypocrisy of a billionaire who made money funding fossil fuel projects campaigning as a climate activist? Or do we cheer the fact that he saw the error of his ways and is now fighting what he once funded?\u003c/p>\n\u003cp>I’m leaning towards hypocrisy.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n",
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"disqusTitle": "San Francisco Billionaire Tom Steyer Launches 2020 Presidential Bid, Reversing Earlier Decision",
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"content": "\u003cp>Tom Steyer, the San Francisco billionaire and climate activist, launched his 2020 presidential bid Tuesday, despite having \u003ca href=\"https://www.npr.org/2019/01/09/677790071/billionaire-liberal-activist-tom-steyer-will-not-run-for-president-in-2020\" target=\"_blank\" rel=\"noopener noreferrer\">ruled out \u003c/a>running earlier this year.\u003c/p>\n\u003cp>[pullquote size='medium' align='right' citation='Tom Steyer, 2020 Democratic presidential candidate']'Americans are deeply disappointed and hurt by the way they're treated by what they see as the power elite in Washington, D.C., and that goes across party lines and it goes across democracy.'[/pullquote]\u003c/p>\n\u003cp>The 62-year-old hedge fund investor enters the race a day after Rep. Eric Swalwell announced his decision to drop out, replacing him as the 23rd candidate in a very crowded Democratic primary field.\u003c/p>\n\u003cp>Steyer, who \u003ca href=\"https://www.nytimes.com/2019/07/09/us/politics/tom-steyer-president.html\" target=\"_blank\" rel=\"noopener noreferrer\">plans to spend at least $100 million\u003c/a> of his own fortune on the race, hit the ground running: He has already poured hundreds of thousands of TV ad dollars into media markets in early primary states like New Hampshire, South Carolina and Nevada, according to \u003ca href=\"https://advertisinganalyticsllc.com/category/our-staff/\" target=\"_blank\" rel=\"noopener noreferrer\">Advertising Analytics\u003c/a>.\u003c/p>\n\u003cp>It's not the first time Steyer has paid out of pocket for political advertising — earlier this year he pledged \u003ca href=\"https://www.npr.org/2019/01/09/677790071/billionaire-liberal-activist-tom-steyer-will-not-run-for-president-in-2020\" target=\"_blank\" rel=\"noopener noreferrer\">$40 million toward an ad campaign\u003c/a> pushing for the impeachment of President Trump.\u003c/p>\n\u003cp>As news broke of Steyer's announcement to run, his name shot to the top of Twitter's San Francisco trending page, filled with biting critiques and suggestions for how his money might be better spent.\u003c/p>\n\u003cp>https://twitter.com/adamcbest/status/1148607869354487809\u003c/p>\n\u003cp>https://twitter.com/AugustJPollak/status/1148590187502559232\u003c/p>\n\u003cp>\"If Tom Steyer is going to light $100 million on fire to pay for a doomed presidential campaign, he should give that money to Flint for clean water instead,\" activist and filmmaker Adam Best wrote in a tweet.\u003c/p>\n\u003cp>[aside postID='forum_2010101870880,news_11640769,news_11640537' label='Who is Tom Steyer?']\u003c/p>\n\u003cp>But Steyer defended his reversal, noting that since his initial decision in January to not seek the nomination, he's grown increasingly frustrated by the slow pace of the Democratic-controlled House's investigation of Trump.\u003c/p>\n\u003cp>Roughly half of the Democratic presidential contenders have called on House Democrats to start an impeachment inquiry, an action Speaker Nancy Pelosi has strongly resisted as politically foolhardy.\u003c/p>\n\u003cp>Despite becoming nationally known as a leader in the effort to impeach Trump, Steyer made no mention of it in his campaign announcement, focusing instead on his goal to reduce corporate influence in politics.\u003c/p>\n\u003cp>Citing issues including climate change and the opioid crisis, Steyer said that in nearly every \"major intractable problem, at the back of it, you see a big money interest for whom stopping progress, stopping justice is really important to their bottom line.\"\u003c/p>\n\u003cp>\"We have a society that's very unequal,\" Steyer said in his \u003ca href=\"https://youtu.be/Q0pFvLtryd0\" target=\"_blank\" rel=\"noopener noreferrer\">announcement video\u003c/a>. \"And it's really important for people to understand that this society is connected. If this is a banana republic with a few very, very rich people and everybody else living in misery, that's a failure.\"\u003c/p>\n\u003cp>https://twitter.com/TomSteyer/status/1148579342680637440\u003c/p>\n\u003cp>Steyer also announced that he would step down from his leadership roles in the climate advocacy group \u003ca href=\"https://nextgenamerica.org/\" target=\"_blank\" rel=\"noopener noreferrer\">NextGen America \u003c/a>and \u003ca href=\"https://www.needtoimpeach.com/\" target=\"_blank\" rel=\"noopener noreferrer\">Need to Impeach\u003c/a>, both groups he founded and largely bankrolled. But he said he has committed more than $50 million through 2020 to continue funding both organizations.\u003c/p>\n\u003cp>Steyer and his wife, Kat Taylor, whose \u003ca href=\"https://www.forbes.com/sites/lisettevoytko/2019/07/09/billionaire-tom-steyer-reverses-course-becomes-2020-democratic-candidate-for-president/\" target=\"_blank\" rel=\"noopener noreferrer\">net worth is estimated at $1.6 billion,\u003c/a> were among the first to sign\u003ca href=\"https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=2ahUKEwjqzfvzxajjAhWEq54KHQiaCIAQFjAAegQIABAB&url=https%3A%2F%2Fgivingpledge.org%2F&usg=AOvVaw2csF2DkbSuO2ZBIVW_WTfq\" target=\"_blank\" rel=\"noopener noreferrer\"> the Giving Pledge, \u003c/a>committing to donate at least half their wealth during their lifetimes to \"good causes.\"\u003c/p>\n\u003cp>[aside label=\"More on Election 2020\" tag=\"election-2020\"]\u003c/p>\n\u003cp>Steyer joins the race just three weeks before \u003ca href=\"https://apnews.com/56fb8067f52f493e83fc67f61186c433\">the next round of Democratic presidential debates\u003c/a>, and could struggle to secure a spot on stage. \u003ca href=\"https://www.washingtonpost.com/politics/for-second-debate-democratic-hopefuls-will-be-separated-into-two-groups-in-live-draw/2019/07/08/4b46ec72-a178-11e9-bd56-eac6bb02d01d_story.html?utm_term=.ea88eb8f0786\" target=\"_blank\" rel=\"noopener noreferrer\">To qualify,\u003c/a> candidates must either receive 1% support in three approved polls or have 65,000 unique campaign donors.\u003c/p>\n\u003cp>Although he likely won't meet the polling requirements to participate, he may clear the fundraising threshold. Steyer hasn't been included in \u003ca href=\"https://projects.fivethirtyeight.com/polls/president-primary-d/\" target=\"_blank\" rel=\"noopener noreferrer\">any polls\u003c/a> since January, and in the only two DNC-sanctioned polls that he was included in — \u003ca href=\"https://cdn.cnn.com/cnn/2018/images/12/14/rel12e.-.2020.and.economy.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">a national poll from CNN/SSRS\u003c/a> and a \u003ca href=\"https://cdn.cnn.com/cnn/2018/images/12/15/rel1iademocrats.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Selzer & Co. poll of Iowa\u003c/a>, both conducted in December — he received 0% support.\u003c/p>\n\u003cp>This is not the first time Steyer has considered running for office: He toyed with entering the race for California governor in 2018 and for U.S. Senate in 2016, ultimately deciding not to run.\u003c/p>\n\u003cp>\u003cem>This article includes reporting from Juana Summers of The Associated Press.\u003c/em>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>But Steyer defended his reversal, noting that since his initial decision in January to not seek the nomination, he's grown increasingly frustrated by the slow pace of the Democratic-controlled House's investigation of Trump.\u003c/p>\n\u003cp>Roughly half of the Democratic presidential contenders have called on House Democrats to start an impeachment inquiry, an action Speaker Nancy Pelosi has strongly resisted as politically foolhardy.\u003c/p>\n\u003cp>Despite becoming nationally known as a leader in the effort to impeach Trump, Steyer made no mention of it in his campaign announcement, focusing instead on his goal to reduce corporate influence in politics.\u003c/p>\n\u003cp>Citing issues including climate change and the opioid crisis, Steyer said that in nearly every \"major intractable problem, at the back of it, you see a big money interest for whom stopping progress, stopping justice is really important to their bottom line.\"\u003c/p>\n\u003cp>\"We have a society that's very unequal,\" Steyer said in his \u003ca href=\"https://youtu.be/Q0pFvLtryd0\" target=\"_blank\" rel=\"noopener noreferrer\">announcement video\u003c/a>. \"And it's really important for people to understand that this society is connected. If this is a banana republic with a few very, very rich people and everybody else living in misery, that's a failure.\"\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>Steyer also announced that he would step down from his leadership roles in the climate advocacy group \u003ca href=\"https://nextgenamerica.org/\" target=\"_blank\" rel=\"noopener noreferrer\">NextGen America \u003c/a>and \u003ca href=\"https://www.needtoimpeach.com/\" target=\"_blank\" rel=\"noopener noreferrer\">Need to Impeach\u003c/a>, both groups he founded and largely bankrolled. But he said he has committed more than $50 million through 2020 to continue funding both organizations.\u003c/p>\n\u003cp>Steyer and his wife, Kat Taylor, whose \u003ca href=\"https://www.forbes.com/sites/lisettevoytko/2019/07/09/billionaire-tom-steyer-reverses-course-becomes-2020-democratic-candidate-for-president/\" target=\"_blank\" rel=\"noopener noreferrer\">net worth is estimated at $1.6 billion,\u003c/a> were among the first to sign\u003ca href=\"https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=2ahUKEwjqzfvzxajjAhWEq54KHQiaCIAQFjAAegQIABAB&url=https%3A%2F%2Fgivingpledge.org%2F&usg=AOvVaw2csF2DkbSuO2ZBIVW_WTfq\" target=\"_blank\" rel=\"noopener noreferrer\"> the Giving Pledge, \u003c/a>committing to donate at least half their wealth during their lifetimes to \"good causes.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Steyer joins the race just three weeks before \u003ca href=\"https://apnews.com/56fb8067f52f493e83fc67f61186c433\">the next round of Democratic presidential debates\u003c/a>, and could struggle to secure a spot on stage. \u003ca href=\"https://www.washingtonpost.com/politics/for-second-debate-democratic-hopefuls-will-be-separated-into-two-groups-in-live-draw/2019/07/08/4b46ec72-a178-11e9-bd56-eac6bb02d01d_story.html?utm_term=.ea88eb8f0786\" target=\"_blank\" rel=\"noopener noreferrer\">To qualify,\u003c/a> candidates must either receive 1% support in three approved polls or have 65,000 unique campaign donors.\u003c/p>\n\u003cp>Although he likely won't meet the polling requirements to participate, he may clear the fundraising threshold. Steyer hasn't been included in \u003ca href=\"https://projects.fivethirtyeight.com/polls/president-primary-d/\" target=\"_blank\" rel=\"noopener noreferrer\">any polls\u003c/a> since January, and in the only two DNC-sanctioned polls that he was included in — \u003ca href=\"https://cdn.cnn.com/cnn/2018/images/12/14/rel12e.-.2020.and.economy.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">a national poll from CNN/SSRS\u003c/a> and a \u003ca href=\"https://cdn.cnn.com/cnn/2018/images/12/15/rel1iademocrats.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Selzer & Co. poll of Iowa\u003c/a>, both conducted in December — he received 0% support.\u003c/p>\n\u003cp>This is not the first time Steyer has considered running for office: He toyed with entering the race for California governor in 2018 and for U.S. Senate in 2016, ultimately deciding not to run.\u003c/p>\n\u003cp>\u003cem>This article includes reporting from Juana Summers of The Associated Press.\u003c/em>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"soldout": {
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"title": "SOLD OUT: Rethinking Housing in America",
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