Tom Steyer, the former hedge-fund executive and progressive activist, announced his candidacy for the 2020 Democratic presidential nomination on Tuesday, joining a crowded field.
“If you think that there is something absolutely critical, try as hard as you can and let the chips fall as they may. And that is exactly what I’m doing,” Steyer, 62, said in video declaring his bid.
In his announcement video, Steyer focused heavily on corporate greed and its undue influence on politicians in Washington. He stressed that big business’s avarice is the root cause of major issues such as climate change and the U.S. opioid crisis.
“Almost every single 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,” he said.
Steyer made his fortune as the head of an investment firm and is worth roughly $1.6 billion, according to Forbes. He and his wife, Kathryn Taylor, are signatories to the Giving Pledge, a coalition of ultra-wealthy individuals that have promised to give away at least half of their wealth to charitable causes.
“We relish the opportunity to do our part and leave our collective campsite cleaner and better tended than we found it,” the couple wrote in their pledge.
In recent years, Steyer has championed several progessive causes, most notably combating the climate crisis, and has been heavily involved in California politics. He launched the liberal advocacy group NextGen Climate in 2013, which was later renamed to NextGen America following the election of President Trump.
Steyer has also been a leading voice in the impeachment movement against Trump. In 2017, he founded Need to Impeach, which lobbies members of Congress and has since gained over 8.2 million supporters.
“Through the important work of NextGen America and Need to Impeach, which I will continue to support, I've focused on registering & turning out the youth vote, and pressuring Congress to hold this president accountable by beginning impeachment proceedings,” Steyer added on Twitter. “But it's not enough.”
Tuesday’s announcement is a reversal for Steyer. He told The New York Times in January that was would not run for the White House and instead focus on doing “whatever it takes” to remove Trump from office.
Steyer’s entry into the crowded field comes just a day after California Rep. Eric Swalwell became the first candidate to bow out.
via GIPHY
New York Governor Andrew Cuomo may have radically changed his stance on marijuana ー but his former Democratic primary opponent Cynthia Nixon shouldn't be congratulated for his shift, according to New York State Assembly Health Committee chair Richard Gottfried. "On this particular issue, I don't think she gets any credit," Gottfried, who has been working on marijuana policy reform since the 70s, told Cheddar Wednesday.
These are the headlines you Need 2 Know for Wednesday, Dec. 19, 2018.
Michael Bloomberg wants to be president, his former campaign manager Bradley Tusk told Cheddar on Tuesday. "Just putting all cards on the table: Mike would like to be president, Mike would be an excellent president," Tusk said.
If you’re looking to make a move in 2019, you could do worse than some of the cities below. Each one is using technology ー IoT, machine learning, data analysis, autonomy, A.I. ー to remake the way its citizens interact with their surroundings. But a smart city is more than just innovative technology, as Mike Barlow and Cornelia Levy-Bencheton, authors of "Smart Cities, Smart Future," told Cheddar. It's about improving lives in concrete, everyday ways.
These are the headlines you Need 2 Know for Tuesday, Dec. 18, 2018.
As 2020 approaches, one question is dominating the Democratic Party: Who can defeat President Trump? According to Jeff Weaver, the campaign manager of Bernie Sanders' 2016 bid for the White House, Americans want someone new. And that "new" voice is still his old boss.
Not only has New York Gov. Andrew Cuomo reversed his stance on marijuana, but he's also expediting his timeline for legalization. According to Joseph Spector, the Albany bureau chief for USA Today, the Cuomo committed to an accelerated schedule on Monday when he charted the agenda for his first 100 days in office.
These are the headlines you Need 2 Know for Monday, Dec. 17, 2018.
Federal prosecutors are investigating whether foreigners illegally funneled money to President Trump's inaugural committee to buy influence over American policy. Bomb threats emailed to multiple locations across the country deemed non-credible by the FBI. For the first time ever, the number of streaming shows has surpassed the number of basic cable and broadcast shows. From now until December 31st, users of the dating app Hinge can get a buy-one, get-one free meal at Chipotle to enjoy with their date.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
