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Restoring California’s Forests to Reduce Wildfire Risks Will Take Time, Billions of Dollars and a Broad Commitment | Best States

October 13, 2020
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| money

By Roger Bales and Martha Conklin

Many of California’s 33 million acres of forests face widespread threats stemming from past management choices. Today the U.S. Forest Service estimates that of the 20 million acres it manages in California, 6-9 million acres need to be restored.

Forest restoration basically means removing the less fire-resistant smaller trees and returning to a forest with larger trees that are widely spaced. These stewardship projects require partnerships across the many interests who benefit from healthy forests, to help bring innovative financing to this huge challenge.

The California Wildfires in Photos

california wildfires

We are engineers who work on many natural resource challenges, including forest management. We’re encouraged to see California and other western states striving to use forest management to reduce the risk of high-severity wildfire.

But there are major bottlenecks. They include scarce resources and limited engagement between forest managers and many local, regional and state

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Pelosi and Mnuchin Discuss Airline Aid as Broad Stimulus Plan Is Shelved

October 8, 2020
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| business

Here’s what you need to know:

Dozens of mothballed jets parked at the Kansas City International Airport in Kansas City, Mo., in April. Airlines have warned of layoffs without federal intervention.
Dozens of mothballed jets parked at the Kansas City International Airport in Kansas City, Mo., in April. Airlines have warned of layoffs without federal intervention.Credit…Charlie Riedel/Associated Press

Speaker Nancy Pelosi of California and Steven Mnuchin, the Treasury secretary, spoke Wednesday about the prospects of a stand-alone bill for airline relief, as President Trump continued to walk back his own retreat from negotiations on a broader coronavirus relief package and to push for more narrow legislation.

During a conversation in the morning, Mr. Mnuchin asked about the possibility of a stand-alone bill, as a critical payroll program for airline workers lapsed last week and airlines have warned of tens of thousands of more furloughs and layoffs without federal intervention.

Ms. Pelosi noted that Democrats had already thrown their support behind such a measure and reminded Mr. Mnuchin that Republicans had objected to unanimous

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Wall Street closes higher as energy, financials lead broad rally

September 29, 2020
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(Reuters) – Wall Street rallied to close sharply higher on Monday as investors sought bargains among sectors hardest-hit by the coronavirus recession, now limping toward its ninth month.

All three major U.S. stock indexes made solid gains on the heels of the longest weekly losing streak in over a year for both the S&P 500 and the Dow.

But energy .SPNY and financials .SPSY, which suffered the most bruising blows from the economic shutdown, enjoyed the largest percentage gains among major S&P 500 sectors, all of which ended the session in the black.

“Today’s market is being led by energy and financials, but it’s a very well-balanced market,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Every sector is participating in this rally.”

However, even with Monday’s jump, the indexes are only days away from closing the books on their first monthly declines since March,

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