“A year ago, I would’ve told you that a candidate like Rick Caruso, even if he spent $25 million, couldn’t win the mayoralty of LA,’’ said Fernando Guerra, director of the Center for the Study of Los Angeles at Loyola Marymount University. “Caruso represents an outsider challenging the governing political establishment. Voters are open to that right now.”
Source: Bloomberg
Refund the Money: Billionaire L.A. Mayor Hopeful Urges on Surplus