Bloomberg Businessweek Los Angeles Fires Rage as High Winds Set to Return This Week
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Jan 13, 2025 Mark Gurman, Bloomberg's Chief Technology Correspondent, dives into Apple's upcoming iPhone plans and how the LA wildfires are impacting technology innovation. John Mowrey, CIO at NFJ Investment Group, shares insights on navigating market volatility, specifically focusing on investment strategies amidst recent economic shifts. The conversation also touches on the broader implications of the wildfires, linking natural disasters to technological advancements and the urgent need for effective investment in tumultuous times.
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Personal Connection to Wildfires
- Will Wade's aunt lives near the Eaton fire in Pasadena and was evacuated.
- She briefly returned home to gather necessities, describing bad air and soot everywhere.
Wildfire Intensity and Spread
- The LA wildfires are intense and spreading rapidly due to strong Santa Ana winds carrying embers.
- The fires have burned a massive area, comparable in size to Staten Island.
Impact on Residential Areas
- Unlike past wildfires which often occurred in uninhabited areas, these fires are impacting residential neighborhoods.
- This poses a greater threat to lives and property, including multi-million dollar homes.