LA Under Siege as New Fire Burns; Remembering Jimmy Carter
Bloomberg Daybreak: US Edition
Deep Dive
What is the estimated economic impact of the Los Angeles wildfires?
The damage and economic loss from the Los Angeles wildfires are estimated to be between $52 and $57 billion, making it one of the costliest natural disasters in U.S. history.
How many jobs could AI eliminate on Wall Street in the next few years?
AI could lead to the elimination of up to 200,000 jobs on Wall Street in the next three to five years, which is about 3% of the industry's global workforce.
What is the significance of Jimmy Carter's economic policies?
Jimmy Carter played a pivotal role in breaking U.S. inflation by appointing Paul Volcker as Fed chair and sticking to anti-inflation policies. This laid the foundation for the economic prosperity enjoyed today.
What is the status of the labor agreement between the International Longshoremen's Association and the U.S. Maritime Alliance?
A tentative six-year agreement has been reached, guaranteeing union jobs with the implementation of technologies like semi-automated cranes and preserving a 62% pay raise agreed upon in October.
What are the proposed changes to Uber and Lyft driver pay in New York City?
The New York Taxi and Limousine Commission proposes raising driver rates by 6.1%, changing utilization rates, and requiring 72-hour advance notice before locking drivers out. Uber and Lyft oppose the plan, warning it could increase ride costs.
- Five people killed
- Hundreds of thousands evacuated
- Damage and economic loss estimated at $52-$57 billion
- President Biden cancelled overseas trip
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