Sunday , November 17 2019
Home / Adam Smith Institute / Even The Guardian can’t be this ill-informed, can it?

Even The Guardian can’t be this ill-informed, can it?

Summary:
It would appear that, yes, The Guardian can be this ill-informed. Ill-informed to the point of idiocy:With their huge monopoly markets and guaranteed rates of return, California utilities are attractive businesses for investors.They’re talking about PG&E here. They also mention:PG&E made shutting down its grid in dry, windy weather a core part of its wildfire management strategy in 2018, after the company faced bn in liabilities for their role in sparking two of the deadliest and costliest fires in California history. PG&E filed for bankruptcy shortly after.Bankruptcy is not normally thought of as attractive to investors. We could also note that PG&E was bust between 2001 and 2004 as well.Bankruptcy twice in two decades is attractive to investors? Seriously Guardian, get a grip. Media

Topics:
Tim Worstall considers the following as important:

This could be interesting, too:

Tyler Durden writes Apple Is Now Bigger Than The Entire US Energy Sector; Disney Is Bigger Than Europe’s Top 5 Banks

Tyler Durden writes Artificial Intelligence Will Enable The Future, Blockchain Will Secure It

David Stockman writes Washington Makes Endless War And Calls It Peace

Tyler Durden writes For Sale: Gently-Used ICBM Silo In Arizona Desert

It would appear that, yes, The Guardian can be this ill-informed. Ill-informed to the point of idiocy:

With their huge monopoly markets and guaranteed rates of return, California utilities are attractive businesses for investors.

They’re talking about PG&E here. They also mention:

PG&E made shutting down its grid in dry, windy weather a core part of its wildfire management strategy in 2018, after the company faced $30bn in liabilities for their role in sparking two of the deadliest and costliest fires in California history. PG&E filed for bankruptcy shortly after.

Bankruptcy is not normally thought of as attractive to investors. We could also note that PG&E was bust between 2001 and 2004 as well.

Bankruptcy twice in two decades is attractive to investors? Seriously Guardian, get a grip.

Media enquiries: 07584 778207 (Call only, 24 hour)

Tim Worstall
Tim Worstall is a British-born writer and Senior Fellow of the Adam Smith Institute. Worstall is a regular contributor to Forbes and the Register. He has also written for the Guardian, the New York Times, PandoDaily, the Daily Telegraph blogs, the Times, and The Wall Street Journal. In 2010 his blog was listed as one of the top 100 UK political blogs by Total Politics.

Leave a Reply

Your email address will not be published. Required fields are marked *