Sunday, October 23, 2016

Fact of the Day: California Black-Out

During 2000-2001 California faced a severe string of black-outs of power all over the state. One of the main reasons was that the industry was deregulated in hopes that competition among companies would make things better. Enron also had manipulated the market in their favor. The event caused Governor Gray Davis' popularity to drop so low that he was successfully recalled. 

6 comments:

  1. Yeah, sometimes competition doesn't work in this way!

    -Kati

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  2. I'm a California native but I'd already moved to Oregon by the time this happened.

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  3. i remember when that happened

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