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The California Public Utilities Commission voted Wednesday to open an investigation into pre-emptive power outages that blacked out large parts of the state for much of October as strong winds sparked fears of wildfires.The decision came after hearing from the public on the many hardships the blackouts caused for residents.The state's largest utility, Pacific Gas & Electric Co., initiated multiple rounds of shut-offs and plunged nearly 2-point-5 million people into darkness throughout northern and central California.Some of the outages lasted for several days.PG&E officials insisted on the shut-offs for public safety, but infuriated residents and a parade of public officials.Southern California Edison and San Diego Gas and Electric also shut off power but to far fewer people.The outages raised concerns about whether the utilities properly balanced the need to provide reliable service with public safety and were properly planned and executed.CPUC President Marybel Batjer ordered the investigation last month and the five-member commission gave its approval given the public frustration.The outages were astonishing for a state that is one of the economic powerhouses in the world.People made frantic dashes for cash and gas as businesses watched their goods spoil.Some elderly and disabled people were trapped in their apartments with elevators out of service.PG&E initiated five rounds of blackouts, with the smallest affecting about 30,000 people and the largest affecting nearly 2.5 million.Residents in San Francisco suburbs and in Northern California wine country were without power for days.Bill Johnson, CEO of Pacific Gas & Electric, said the outages were the right call and kept people safe, although a transmission line in Sonoma County that was not powered off malfunctioned minutes before a wildfire erupted last month, forcing about 180 thousand people to evacuate.The company is in bankruptcy and faces 30 billion dollars in liabilities after its equipment was found to have started several deadly wildfires in 2017 and 2018, including the year-old Camp Fire that killed 85 in Paradise. 2142

The day started with R. Kelly’s attorney entering a not-guilty plea on all 10 counts of aggravated sexual abuse, and it ended in the Gold Coast, where Kelly visited a cigar Lounge after posting bail.Kelly walked free from the Cook County Jail with his attorney by his side after four days and three nights.The singer didn’t have the cash, so a friend posted the 0,000 bond. Don Russell says he’s been by Kelly’s side for more than 30 years.“He was hyper sexual, not because he chose to be but because of his sister, is what caused it. So right now he needs to sit down and talk to a psychiatrist. But as far as him being somebody that’s a predator, that’s not who he is,” Russell said.On the move from jail, Kelly’s first stop was dinner at the flagship McDonald’s in River North.Kelly waited in line, sat down for his meal, and even signed autographs for fans like Jessy Adams.“He said he was innocent, and that was it and that he really couldn’t speak to us,” Adams said. “Beyond excited when we heard he was getting released. We saw the van and we followed him.”From fast food to the finer things, Kelly’s fan then stopped in the Gold Coast at Biggs Mansion Cigar Lounge.But earlier in the day, Kelly’s future was fought in the courts.“Conduct that is illegal, criminal, and is indicative of someone who should never walk free another day in his life,” said attorney Michael Avenatti, who represents one of the alleged victims in Friday’s indictment. Avenatti says there is a third alleged sex tape of Kelly and an underage girl.Kelly appeared before the judge in an orange jumpsuit.“At this point in time I have no reason to believe that there is any tape of Mr. Kelly acting inappropriately in relation to any of these cases, or that he’s done anything else wrong,” Kelly’s attorney Steve Greenberg said.Kelly is due back in court March 22. 1860

The Church of Jesus Christ of Latter-day Saints has announced a temporary suspension of all public gatherings amid the coronavirus pandemic.In an announcement released Thursday, the church stated that all public worship services, meetings, conferences and activities would be canceled, effective immediately. "We have considered the counsel of local Church leaders, government officials and medical professionals, and have sought the Lord’s guidance in these matters," the statement read.The church urged leaders to hold any essential leadership meetings via technology and to coordinate with other leaders to make the sacrament available to members at least once a month.The church had recently announced that its 727

The nation's federal debt is now projected to balloon to "unprecedented levels" over the next 30 years, if policymakers fail to change laws, potentially pushing the country into the risk of a "fiscal crisis," the nonpartisan 237

The Dow fell more than 800 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.Here's what happened: The 10-year Treasury bond yield fell below 1.6% Wednesday morning, dropping just below the yield of the 2-year Treasury bond. It marked the first time since 2007 that 10-year bond yields fell below 2-year yields.US stocks fell as investors sold stock in companies and moved it into bonds. The Dow was about 2.8% lower. The broader S&P 500 was also down 2.8% and the Nasdaq sank 3.1% Wednesday.CNN Business' Fear and Greed Index signaled investors were fearful. The VIX volatility index spiked 26%.Investors are on edge because the German economy shrank in the second quarter, and the US-China trade war still looms large over markets despite the latest truce. Industrial production in China grew at the weakest rate in 17 years in July.As the global economy sputters, investors are plowing money into long-term US bonds. The 30-year Treasury yield fell to 2.05%, the lowest rate on record.Government bonds — particularly US Treasuries — are classic "safe-haven" assets that investors like to hold in their portfolios when they're nervous about the economy. Stocks, by contrast, are riskier assets that tend to be more volatile during economic slowdowns.Gold, another safe-haven asset, rose 1% Wednesday.Here's what this all means: Normally, long-term bonds pay out more than short-term bonds because investors demand to be paid more to tie up their money for a long time. But that key "yield curve" inverted on Wednesday. That means investors are nervous about the near-term prospects for the US economy. Bonds and yields trade in opposite directions, so yields sink when investors buy bonds.Part of the yield curve has been inverted for several months. In March, the yield on the 3-month Treasury bill rose above the rate on the 10-year Treasury note for the first time since 2007. It inverted again on July 24 and has remained negative. But Wednesday marked the first time in over a decade that the "main" yield curve — the 2-year / 10-year ratio — had inverted.That spooked Wall Street, because an inversion of the 2/10 curve has preceded every recession in modern history. That doesn't mean a recession is imminent, however: The Great Recession started nearly two years after the December 2005 yield-curve inversion.William Foster, Moody's lead US analyst, predicts the US economy will avoid a recession in 2019 and in 2020, despite the yield curve inversion's warning sign. He expects growth to slow in the second half this year into 2020.The US economy remains strong: Unemployment is historically low, consumer spending is booming, and the financial system is healthy."Even though we're discouraged by the yield curve's shape right now, we see few signs of danger ahead," said John Lynch, LPL Research chief investment strategist, in a blog post.Stocks have grown volatile lately, with the Dow plunging and rising more than 350 points in each session this week. But the yield curve inversion doesn't mean the stock market is about to collapse. The S&P 500 has rallied 22% on average between the first time a yield curve inverts and the start of a recession, Lynch noted.Following the last yield curve inversion in 2005, stocks rose for 12 straight months. 3400