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
Sophia Amoruso, founder and former CEO of Nasty Gal, sat down with Cheddar and talked about her approach to business and how she wants to empower other women to take risks in their professional lives. Her newest venture, Girlboss, curates information and resources for women about careers, money, and wellness.
Cheddar's J.D. Durkin videotaped the scene as a pair of sexual assault survivors angrily confronted Sen. Jeff Flake (R-AZ) in a Senate elevator after he indicated he would vote yes to confirm Judge Brett Kavanaugh to the Supreme Court.
Shares of the EV maker fell by more than 14 percent, their biggest one-day drop since January 2012. The sell-off was prompted by Thursday's fraud charges filed by the SEC against CEO Elon Musk.
These are the headlines you Need 2 Know.
Shares of Tesla dropped after hours Thursday after the Securities and Exchange Commission filed a [lawsuit] (https://www.scribd.com/document/389617044/SEC-vs-MUSK#from_embed) against CEO Elon Musk in federal court, alleging that the billionaire founder committed securities fraud when he tweeted about taking the company private with "funding secured" on Aug. 7. In the complaint, the SEC seeks to bar Musk from being an officer of a public company.
Supreme Court nominee Brett Kavanaugh was both furious and emotional in testimony Thursday afternoon in front of the Senate Judiciary Committee. He emphatically denied the sexual assault accusations against him, which were detailed from the same chair by Dr. Christine Blasey Ford earlier in the day.
"My family and my name have been totally and permanently destroyed," Kavanaugh said.
Rep. Nita Lowey played a key role in the Anita Hill hearings in 1991 when then-Supreme Court nominee Clarence Thomas was accused of sexual harassment. On Thursday, Lowey was present for Christine Blasey Ford's testimony about current nominee Brett Kavanaugh's alleged sexual assault and spoke of the differences between the two eras.
Prof. Christine Blasey Ford spoke to the Senate Judiciary Committee about her memories from the night of her alleged assault. She said the memory that has stuck with her the most is the laughter from Supreme Court nominee Brett Kavanaugh and Mark Judge as Kavanaugh was on top of her.
On Thursday morning Prof. Christine Blasey Ford appeared in front of the Senate Judiciary Committee to testify on her alleged sexual assault by Supreme Court nominee Brett Kavanaugh.
These are the headlines you Need 2 Know.
