Declaring California already in a recession due to the coronavirus lockdown, Governor Gavin Newsom has turned to some of the state’s best-known citizens to chart a path out.
Newsom on Friday unveiled an 80-member economic recovery task force that includes top executives fromApple Inc. andWalt Disney Co., a recent presidential candidate, an ex-chair of the Federal Reserve and all four of the state’s living former governors, both Republican and Democrat.
But the task force also notably includes environmentalists, labor leaders and social justice advocates. Newsom said he wanted not just to restart the economy, but to address the widening inequality that accompanied California’s long economic boom.
“We recognize that if we’re going to learn anything from the past, it’s not to repeat the mistakes of the past,” said Newsom, speaking in a press conference streamed online. “It is in how we recover that I think, ultimately, we will be judged.”
31,451 in U.S.Most new cases today
-16% Change in MSCI World Index of global stocks since Wuhan lockdown, Jan. 23
-1.091 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23