In this Jan. 18, 2020, file photo Caitlyn Jenner speaks at the 4th Women's March in Los Angeles. Jenner has been an Olympic hero, a reality TV personality and a transgender rights activist. Jenner has been consulting privately with Republican advisers as she considers joining the field of candidates seeking to replace Democratic Gov. Gavin Newsom in a likely recall election later this year. (AP Photo/Damian Dovarganes, File)
By Michael R. Blood
Republican Caitlyn Jenner said Friday she will run for governor of California, injecting a jolt of celebrity into an emerging campaign that threatens to oust Democratic Gov. Gavin Newsom from office.
Jenner — an Olympic hero, reality TV personality and a transgender rights activist — said in statement posted on Twitter and on an accompanying website that she has filed initial paperwork to run for the post.
Democratic Gov. Gavin Newsom is facing a likely recall election this year, though election officials are still reviewing petition signatures required to qualify the recall for the ballot. Several other Republicans have also announced plans to run.
In a statement, Jenner called herself “a proven winner” and the only candidate “who can put an end to Gavin Newsom's disastrous time as governor.”
The 71-year-old celebrity activist described herself as “economically conservative, socially progressive” in a People magazine interview last year.
She immediately stands out in an emerging field that so far has failed to attract a nationally known contender. However, Jenner is untested as a candidate and little is known about her positions on critical issues facing the state, from the coronavirus pandemic to managing the economy.
Her run would come nearly two decades after the ascendancy of Arnold Schwarzenegger, another Republican who used his Hollywood fame as a springboard to California's highest office in a 2003 recall election.
If the recall qualifies for the ballot, as expected, voters would be asked two questions: first, whether Newsom should be removed from office. The second would be a list of replacement candidates to choose from, if more than 50% of voters support removing Newsom from office.
The effort largely has been fueled by criticism of Newsom’s handling of the pandemic.
Other Republicans who have announced their intention to run include former San Diego Mayor Kevin Faulconer, former U.S. Rep. Doug Ose and businessman John Cox, who lost to Newsom in the 2018 governor’s race.
Jenner made headlines in recent years with her ties to former President Donald Trump, who remains broadly unpopular in California outside his GOP base. Trump lost the heavily Democratic state to Joe Biden in November by over 5 million votes.
Jenner supported Trump in 2016 but later criticized his administration’s reversal of a directive on transgender access to public school bathrooms. She also criticized Trump after he said transgender people would not be allowed to serve in the U.S. military.
We are just one day away from what has been called the most influential tech event in the world. CES 2022 will officially kick off on Wednesday in Las Vegas, but the annual tech summit is being impacted by COVID-19, like so many other recent events. The Consumer Technology Association originally planned for a hybrid event to take place from January 5-8, with some in-person events and some virtual; however, a few big-name companies announced they will not be attending in-person, so the CTA decided to shorten the event by one day, with it now ending on Friday. Consumer electronics senior analyst Will Greenwald joins Cheddar News' Closing Bell to discuss.
California's new composting law will affect what residents do in their kitchens. As of this week, Californians will have to recycle excess food in an effort to reduce emissions caused by food waste. Cities and counties will turn recycled food into compost or use it as a renewable energy source. California's new law is the largest mandatory residential food waste recycling program in the country. Rachel Wagoner, Director of the California Department of Resources, Recycling and Recovery called the law 'the biggest change to trash' since recycling started in the 1980s. She joined Cheddar Climate to discuss.
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Airlines canceled more than 3,000 flights on Monday over severe weather and crew shortages. The cancellations come on one of the busiest travel days of the holiday season, and is a continuation of the industry-wide disruption that started before Christmas. Thomas Pallini, Aviation Reporter for Insider joined Wake Up with Cheddar to discuss.
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Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
There is a new player in the mobile app stock trading space.
Zingeroo recently announced a funding round of $8.5 million. The company says it aims to bring 'friendly competition' to stock trading, by literally breaking trading down into daily and weekly competitions between friends. Zingeroo also says it hopes its new approach can make trading more accessible, educational, and social than ever before. Zingeroo co-founder and CEO Zoe Barry joins Cheddar News' Closing Bell for more.
