Bloomberg Businessweek LA Wildfires Burn Out of Control
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Jan 9, 2025 Wendy Schiller, a Brown University professor specializing in American politics, shares insights on Jimmy Carter's enduring legacy, connecting it to today's economic challenges and environmental policies. Louis Navillier, founder of Navellier & Associates, discusses market trends from the Carter era and contemporary implications. They explore the devastating LA wildfires, their ties to climate change, and the political responsibility for current energy solutions. The conversation also touches on the importance of trust in business amidst these pressing issues.
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Climate Change and Wildfires
- Wildfires are a tragic reality in California, and climate change is exacerbating the problem.
- There are now 78 more "fire days" in California than 50 years ago due to hotter, drier conditions.
Political Climate and Climate Policy
- The new administration's potential lack of support for climate policies is concerning.
- Policy reversals and turbulence are possible under the incoming administration.
State Power vs. Federal Funding
- States like California have the power to enact their own climate policies.
- However, they might lack the necessary financial resources to do so effectively.
