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Citizens help arrest suspect on suspicion of arson near LA’s Kenneth Fire

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A suspect was arrested for arson in connection with at least one of the wildfires in the Los Angeles area. It’s all thanks to a group of residents trying to protect their neighborhood.

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Crews started battling flames from the Kenneth Fire near homes in Calabasas and the West Hills, northwest of LA Thursday, Jan. 9. It’s the latest of five wildfires now spreading through the region.

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Police responded to the area about 20 to 30 minutes after the Kenneth Fire began, on reports of a man attempting to light a fire.

Video taken by a resident posted to social media shows a man being handcuffed at the scene.

The resident said one of her neighbors spotted him behind a van trying to ignite a blow torch, when another neighbor stopped his car in the middle of the road yelling for help. That’s when she said the whole neighborhood ran out and detained him with zip ties and rope until police got there.

LA radio station KFI AM also posted a photo of the alleged suspect that showed what appears to be the blow torch on top of the police car next to him.

Police haven’t released the suspect’s name or confirmed whether he was responsible or had any connection with the current wildfires.

As of Friday, Jan 10, the Kenneth Fire was 35% contained

Meanwhile, more arson situations have been caught on camera, with people lighting fires across LA area streets bringing attention to the city’s crime and homeless issues.

Podcaster and Stanford professor Andrew Schuberman got a video of what appears to be arsonists in dark clothing, setting a fire in Santa Monica. He said crews were able to put the flames out before it got worse.

In 2023, City Journal reported that the LA Fire Department spent approximately $427 million on homeless-related fires.

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[Craig Nigrelli]

A SUSPECT IS NOW IN CUSTODY FOR ARSON IN CONNECTION WITH AT LEAST ONE OF THE WILDFIRES IN THE LOS ANGELES AREA – AND IT’S ALL THANKS TO A GROUP OF RESIDENTS TRYING TO PROTECT THEIR NEIGHBORHOOD. 

CREWS STARTED BATTLING FLAMES FROM THE KENNETH FIRE NEAR HOMES IN CALABASAS AND THE WEST HILLS – NORTHWEST OF L-A … THURSDAY AFTERNOON.

IT’S THE LATEST OF FIVE WILDFIRES NOW SPREADING THROUGH THE REGION.

POLICE RESPONDED TO THE AREA ABOUT 20 TO 30 MINUTES AFTER THE KENNETH FIRE BEGAN … ON REPORTS OF A MAN ATTEMPTING TO LIGHT A FIRE. 

VIDEO TAKEN BY A RESIDENT POSTED TO SOCIAL MEDIA SHOWS A MAN BEING HANDCUFFED AT THE SCENE. 

THE RESIDENT SAYS ONE OF HER NEIGHBORS SPOTTED HIM BEHIND A VAN TRYING TO IGNITE A BLOW TORCH … WHEN ANOTHER NEIGHBOR STOPPED HIS CAR IN THE MIDDLE OF THE ROAD YELLING FOR HELP.

THAT’S WHEN SHE SAYS THE WHOLE NEIGHBORHOOD RAN OUT AND DETAINED HIM WITH ZIP TIES AND ROPE UNTIL POLICE GOT THERE.

We were just so happy that law enforcement came so quickly … they came from all sides just in case he tried to get away.. It really was a valiant effort .. they really did their due diligence and I hope detectives can put this case to rest

L-A RADIO STATION “K-F-I-A-M” ALSO POSTED A PHOTO OF THE ALLEGED SUSPECT THAT SHOWED WHAT APPEARS TO BE THE BLOW TORCH ON TOP OF THE POLICE CARE NEXT TO HIM. 

POLICE HAVEN’T RELEASED THE SUSPECT’S NAME OR CONFIRMED WHETHER HE WAS RESPONSIBLE OR HAD ANY CONNECTION WITH THE CURRENT WILDFIRES. 

AS OF FRIDAY MORNING, THE KENNETH FIRE IS 35 PERCENT CONTAINED. 

MEANWHILE, MORE ARSON SITUATIONS HAVE BEEN CAUGHT ON CAMERA … WITH PEOPLE LIGHTING FIRES ACROSS L-A AREA STREETS … BRINGING ATTENTION TO THE CITY’S CRIME AND HOMELESS ISSUES. 

PODCASTER AND STANFORD PROFESSOR ANDREW HUBERMAN GOT THIS VIDEO OF WHAT APPEARS TO BE ARSONISTS IN DARK CLOTHING SETTING A FIRE IN SANTA MONICA.

HE SAYS CREWS WERE ABLE TO PUT THE FLAMES OUT BEFORE IT GOT WORSE. 

IN 20-23, CITY JOURNAL REPORTED THE L-A FIRE DEPARTMENT SPENT APPROXIMATELY 427 MILLION DOLLARS ON HOMELESS-RELATED FIRES.

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Energy

Oklahoma residents rally at state Capitol for renewable energy ban

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Oklahoma, one of the nation’s leading states in renewable energy, is now seeing a push to bar the expansion of clean power sources. On Tuesday, Jan 7, hundreds of residents gathered at the state Capitol in Oklahoma City to urge Gov. Kevin Stitt to issue an executive order banning the construction of new wind and solar facilities.

Nearly half of Oklahoma’s electricity comes from renewable energy. This makes the state the third-largest generator of wind energy in the United States and a hub for a growing solar industry.

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However, attendees at the recent rally against renewables have cited economic, environmental and human health concerns as reasons for opposing further development of clean power infrastructure.

Some argue the ample job opportunities that project developers promised have not materialized. Others have expressed concerns about how clean energy infrastructure is impacting both people and wildlife living nearby.

Oklahoma Attorney General Gentner Drummond addressed the crowd. He pledged to collaborate with legislators on a potential ban.

The state’s Secretary of Education Ryan Walters also voiced support for moving away from renewable energy initiatives. Gov. Stitt, however, has instead emphasized that the government should not force a shift away from certain energy sources, signaling reluctance to implement a ban.

“Oklahoma is an oil and gas state through and through, but we also generate about 47% of our electricity from renewable sources,” Stitt previously wrote on X. “I just don’t think the government should pick winners and losers or force us to choose between one or the other.”

The debate over Oklahoma’s energy policy comes as the state approaches its gubernatorial elections next year. Some policymakers are using opposition to renewables as an early element of their potential campaign platforms, indicating the issue could play a significant role in shaping the state’s political future in 2026.

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[Jack]

ONE OF THE NATION’S LEADING STATES IN RENEWABLE ENERGY IS NOW SEEING A PUSH TO BAR THE EXPANSION OF THESE TYPES OF CLEAN POWER SOURCES.

NEARLY HALF OF OKLAHOMA’S ELECTRICITY COMES FROM RENEWABLES

WITH THE STATE BEING THE THIRD-LARGEST GENERATOR OF WIND ENERGY IN THE NATION AND HOME TO A GROWING SOLAR INDUSTRY.

BUT RECENTLY, HUNDREDS OF RESIDENTS RALLIED AT THE STATE CAPITOL IN OKLAHOMA CITY TO URGE GOVERNOR KEVIN STITT TO ISSUE AN EXECUTIVE ORDER BANNING THE CONSTRUCTION OF NEW WIND AND SOLAR FACILITIES.

“There’s a ton of issues with industrial wind and solar. We’re talking economic issues. We’re talking environmental issues.”

ATTENDEES OF THE RALLY SAY RENEWABLE ENERGY PROJECTS IN THE STATE AREN’T CREATING THE JOBS THEIR BACKERS PROMISED.

OTHERS SAY THEIR OPPOSITION STEMS FROM ENVIRONMENTAL AND HUMAN HEALTH CONCERNS ASSOCIATED WITH THESE DEVELOPMENTS.

“It will impact us by the air we breathe. It could ruin our water wells, which it probably will.”

OKLAHOMA’S ATTORNEY GENERAL ADDRESSED THE RALLY, PROMISING TO WORK WITH LEGISLATORS TO PASS A BAN-

WHILE THE STATE’S EDUCATION SECRETARY ALSO VOICED SUPPORT FOR A MOVE AWAY FROM RENEWABLES.

GOVERNOR STITT HAS CAUTIONED AGAINST THESE CALLS FOR A RENEWABLE BAN-

SAYING THE GOVERNMENT SHOULDN’T BE FORCING PEOPLE TO STOP USING CERTAIN ENERGY SOURCES.

HOWEVER, WITH OKLAHOMA’S GUBERNATORIAL ELECTIONS SET FOR NEXT YEAR-

AND SOME POLICYMAKERS USING THIS RALLY AGAINST RENEWABLES AS AN EARLY CAMPAIGN PLATFORM-

THE STATE’S ENERGY POLICY COULD BE IN FOR A SHAKEUP COME 2026.

FOR STRAIGHT ARROW NEWS, I’M CRAIG NIGRELLI.

International

Zelenskyy, Austin urge continued US support for Ukraine in final meeting

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U.S. Defense Secretary Lloyd Austin and Ukrainian President Volodymyr Zelenskyy used their final high-profile meeting at Ramstein Air Base in Germany to emphasize the need for continued international support for Ukraine. Addressing leaders from about 50 nations at the Ukraine Defense Contact Group meeting, Austin warned that reducing military aid could lead to greater instability and urged unwavering support.

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“No responsible leader would let Putin have his way,” Austin said.

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Without directly addressing President-elect Donald Trump’s policies, Austin stressed the importance of continued support for Ukraine to maintain the rules-based international order. He added that halting military aid now would invite “more aggression, chaos, and war.”

“I’m leaving this contact group, not with a farewell, but with a challenge. The coalition to support Ukraine must not flinch. It must not falter, and it must not fail. Ukraine’s survival is on the line. But so is all of our security,” Austin said.

Austin acknowledged uncertainty surrounding the incoming administration’s approach but pointed to the coalition’s progress and urged leaders to remain committed.

Zelenskyy echoed these concerns, framing Ukraine’s fight as a broader defense of sovereignty.

“No matter what’s going on in the world, everyone wants to feel sure that their country will not just be erased off the map,” Zelenskyy said.

In its final weeks, the Biden administration focused on bolstering Ukraine’s defenses. A recently approved $500 million weapons package includes air defense missiles, sustainment equipment for F-16 fighter jets and other critical supplies. The Pentagon is working to deliver the aid before Trump’s inauguration on Jan. 20.

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LLOYD AUSTIN
U.S. DEFENSE SECRETARY
“No responsible leader would let Putin have his way.”

[ryan robertson]
A NOT-SO-VEILED COMMENT FROM OUTGOING U.S. DEFENSE SECRETARY LLOYD AUSTIN AIMED AT INCOMING PRESIDENT ELECT DONALD TRUMP.

AUSTIN AND UKRAINE’S PRESIDENT, VOLODYMYR ZELENSKYY, USED THEIR FINAL HIGH-PROFILE MEETING AT RAMSTEIN AIR BASE IN GERMANY TO EMPHASIZE THE NEED FOR CONTINUED INTERNATIONAL SUPPORT FOR UKRAINE
ADDRESSING LEADERS FROM AROUND 50 NATIONS AT THE UKRAINE DEFENSE CONTACT GROUP MEETING, AUSTIN WARNED REDUCING MILITARY AID COULD LEAD TO GREATER INSTABILITY AND URGED UNWAVERING SUPPORT.

WITHOUT DIRECTLY ADDRESSING PRESIDENT-ELECT DONALD TRUMP’S POLICIES, DEFENSE SECRETARY LLOYD AUSTIN MADE IT CLEAR CONTINUED SUPPORT FOR UKRAINE IS CRUCIAL TO MAINTAIN THE RULES-BASED INTERNATIONAL ORDER. AUSTIN SAYS HALTING MILITARY AID NOW WOULD INVITE “MORE AGGRESSION, CHAOS, AND WAR.”

LLOYD AUSTIN
U.S. DEFENSE SECRETARY
“I’m leaving this contact group, not with a farewell, but with a challenge. The coalition to support Ukraine must not flinch. It must not falter, and it must not fail. Ukraine’s survival is on the line. But so is all of our security.”

[ryan robertson]

AUSTIN ACKNOWLEDGED UNCERTAINTY SURROUNDING THE INCOMING ADMINISTRATION’S APPROACH, BUT POINTED TO THE COALITION’S PROGRESS AND URGED LEADERS TO REMAIN COMMITTED.

ZELENSKYY ECHOED THESE CONCERNS, FRAMING UKRAINE’S FIGHT AS A BROADER DEFENSE OF SOVEREIGNTY

VOLODYMYR ZELENSKYY
UKRAINIAN PRESIDENT
“No matter what’s going on in the world, everyone wants to feel sure that their country will not just be erased off the map.”

[ryan robertson]
IN ITS FINAL WEEKS, THE BIDEN ADMINISTRATION IS FOCUSING ON BOLSTERING UKRAINE’S DEFENSES—WHICH WE COVERED EARLIER THIS WEEK. A RECENTLY APPROVED $500 MILLION WEAPONS PACKAGE INCLUDES AIR DEFENSE MISSILES, SUSTAINMENT EQUIPMENT FOR F-16 FIGHTER JETS, AND OTHER CRITICAL SUPPLIES. THE PENTAGON IS WORKING TO DELIVER THE AID BEFORE TRUMP’S INAUGURATION ON JANUARY 20.

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Politics

Trump sentenced in hush money case: no jail, no conditions

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President-elect Donald Trump received no jail time in his hush money case sentencing. While the move was expected, he’s now a convicted felon 10 days before the start of his second term.

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Judge Juan Merchant sentenced Trump to an unconditional discharge on Friday, Jan. 10. That means even though he won’t go to jail, get probation or face any fines, he will enter office as a convicted felon, making him the first to carry that distinction into the White House.

Trump appeared virtually for the sentencing after being found guilty of 34 counts of falsifying business records. The charges involved an alleged scheme to hide a hush money payment to Stormy Daniels in the last weeks of Trump’s first campaign in 2016.

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The court released audio playback of the sentencing, which was not allowed to be broadcast on live media.

“This has been a very terrible experience,” Trump said at one point. “It’s been a political witch hunt. It was done to damage my reputation so that I would lose that election and obviously that didn’t work.”

Shortly after the sentencing, with Trump’s gag order expired, the president-elect reiterated what he said during his court hearing posting to Truth Social that there was “never a case” and called it a “hoax” and an “un-American witch hunt,” adding that he will appeal.

The sentencing was allowed to go forward after the Supreme Court decided Thursday, Jan. 9 to reject Trump’s request to drop the proceeding. Trump’s legal team asked the court to intervene after the judge said he would go forward with the unconditional discharge ruling.

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[Craig]

PRESIDENT-ELECT DONALD TRUMP GETS NO JAIL TIME IN HIS HUSH MONEY CASE 

SENTENCING … WHILE THE MOVE WAS EXPECTED- HE’S NOW A “CONVICTED FELON” TEN DAYS BEFORE THE START OF HIS SECOND TERM. 

JUDGE JUAN MERCHAN INSTEAD SENTENCED TRUMP TO AN “UNCONDITIONAL DISCHARGE” FRIDAY MORNING, MEANING EVEN THOUGH HE WON’T GO TO JAIL, GET PROBATION OR FACE ANY FINES …  HE WILL ENTER OFFICE AS A CONVICTED FELON … MAKING HIM THE FIRST TO CARRY THAT DISTINCTION INTO THE WHITE HOUSE.

TRUMP APPEARED VIRTUALLY FOR THE SENTENCING … AFTER BEING FOUND GUILTY ON 34 COUNTS OF FALSIFYING BUSINESS RECORDS.

THEY INVOLVED AN ALLEGED SCHEME TO HIDE A HUSH MONEY PAYMENT TO STORMY DANIELS IN THE LAST WEEKS OF TRUMP’S FIRST CAMPAIGN IN 20-16.

THE COURT RELEASED AUDIO PLAYBACK OF THE SENTENCING WHICH WAS NOT ALLOWED TO BE BROADCAST ON LIVE MEDIA..

this has been a very terrible experience.. I think it’s been a tremendous setback for New York and the New York court system 

it’s been a political witch hunt .. it was done to damage my reputation so that I would lose the election and obviously that did’t work. 

SHORTLY AFTER THE SENTENCING WITH TRUMP’S GAG ORDER EXPIRED – THE PRESIDENT-ELECT REITERATED WHAT HE SAID DURING HIS COURT HEARING …  POSTING TO TRUTH SOCIAL THAT THERE WAS “NEVER A CASE” … CALLING IT A “HOAX” AND  AN “UNAMERICAN WITCH HUNT” ADDING THAT HE WILL APPEAL … GOING ON TO SAY IN PART … 

“THE REAL JURY, THE AMERICAN PEOPLE, HAVE SPOKEN, BY RE-ELECTING ME WITH AN OVERWHELMING MANDATE IN ONE OF THE MOST CONSEQUENTIAL ELECTIONS IN HISTORY.”

THE SENTENCING WAS ALLOWED TO GO FORWARD AFTER THE SUPREME COURT DECIDED THURSDAY TO REJECT TRUMP’S REQUEST TO DROP THE PROCEEDING AFTER THE JUDGE SAID LAST WEEK HE WOULD GO FORWARD WITH THE UNCONDITIONAL DISCHARGE RULING. 

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Ray Bogan Political Correspondent
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Politics

Supreme Court casts serious doubt on TikTok’s free speech arguments

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Ray Bogan Political Correspondent
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Supreme Court justices cast serious doubt on TikTok’s free speech arguments in a case that will decide the future of an app that is used by 170 million Americans. TikTok is fighting a law passed by Congress last year that requires its parent company to sell the app or be prohibited from operating in the United States.

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Unless the justices strike down the law, or delay its implementation, the most popular short-form video app in the country will disappear from app stores in nine days.

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The justices were skeptical from the very beginning, when Justice Clarence Thomas asked the app’s lawyers, “What is TikTok’s speech?” 

The attorneys argued their speech is their algorithm, which suggests content for users based on their personal traits, preferences and consumption habits. Thomas responded by saying they are converting the restriction on ByteDance’s ownership of the app as TikTok’s speech.

Chief Justice John Roberts pointed out that the free speech argument does not address Congress’ stated intention for passing the law.

“It seems to me that you’re ignoring the major concern here of Congress which was Chinese manipulation of the content and acquisition and harvesting of the content,” Roberts said. 

“I don’t think you are supposed to ignore that at all, but I also don’t think that it changes the analysis,” said Noel John Francisco of Jones Day, which represents TikTok.

“I don’t know if it’s directly affecting the company’s speech or the speech of third parties,” Roberts said.

The law is often described as a TikTok ban, although that’s not technically accurate. The law prohibits distributing, maintaining or providing internet hosting services for an app that’s under the control of a foreign adversary. In this case, the app is TikTok, which is owned by ByteDance, a company based in China, the foreign adversary.

If ByteDance sold the app to an American company, TikTok would be allowed to operate in the United States exactly as it does today.

“TikTok can continue to operate on its own algorithm, on its own terms, as long as it’s not associated with ByteDance. So isn’t this really just all about association?” Justice Ketanji Brown Jackson proposed to TikTok’s attorneys.

Jackson then cited arguments from government attorneys who said the real problem is foreign adversaries manipulating content that is shown to Americans.

“Are you saying those are not compelling government interests?” Jackson asked. 

“I am 100% saying that content manipulation is not just not a compelling governmental interest, it is an impermissible governmental interest,” Francisco said.

Arguing on behalf of the federal government, Solicitor General Elizabeth Prelogar said the law has a “laser-like focus” on the national security threat.

“No one disputes that the [People’s Republic of China] seeks to undermine U.S. interests by amassing vast quantities of sensitive data about Americans, and by engaging in covert influence operations,” Prelogar said. “And no one disputes that the PRC pursues those goals by compelling companies like ByteDance to secretly turn over data and carry out PRC directives.”

Those realities mean that the Chinese government could weaponize TikTok at any time to harm the United States.

Solicitor General Elizabeth Prelogar

The justices also pointed out holes in the government’s case, particularly the argument that content manipulation would be covert.

“If you just mean what’s covert is the fact that there’s China behind it, I mean, honestly, really, like everybody does know now that there’s China behind it,” Justice Elena Kagan said.

Justice Gorsuch questioned Prelogar’s reasoning that manipulated content could be harmful.

“If that’s true, then wouldn’t that be true for all social media companies for all content,” Justice Gorsuch asked. 

If the TikTok ban takes effect Jan. 19, current users will still have the app on their phone and will likely be able to use it.

The law prohibits new downloads and updates. So it should keep working for current users until they update their phone, which will make it no longer compatible with the phone’s operating system, at which point it will stop working.

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Business

Total estimated cost of California wildfires triples to $150 billion as blazes rage on

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The estimated total cost of the destructive southern California wildfires has nearly tripled as first responders struggle to contain the largest blazes. The economic toll could reach $135 billion to $150 billion, according to experts at AccuWeather, up from their previous high estimate of $57 billion.

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“Hurricane-force winds sent flames ripping through neighborhoods filled with multi-million-dollar homes,” AccuWeather Chief Meteorologist Jonathan Porter said in a statement. “The devastation left behind is heartbreaking and the economic toll is staggering. To put this into perspective, the total damage and economic loss from this wildfire disaster could reach nearly 4 percent of the annual GDP of the state of California.”

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As the fires spread, more than 180,000 residents evacuated their homes. So far, 10 have been confirmed dead as of the morning on Friday, Jan. 10.  The Palisades Fire is the biggest, burning through more than 30 square miles and destroying more than 5,000 buildings. The blaze was just 6% contained as of the evening on Thursday, Jan. 9.

As officials work to contain the fires, which continue to grow in size, AccuWeather experts say the estimate for “total damage and economic loss may be revised upward, perhaps even substantially.”

The area from Malibu to Santa Monica has some of the most expensive properties in the United States. The median home value in the area is more than $2 million, with Pacific Palisades sitting right in the middle of the region.

If AccuWeather’s estimates ring true, these fires will become the most costly natural disaster in U.S. history.

Hurricanes tend to be the most costly natural disasters in the U.S. Hurricane Katrina in 2005 is currently the most costly in history, according to Kiplinger, which compiled data from NOAA and adjusted for inflation.

Most expensive natural disasters in U.S. history

  • 5. Superstorm Sandy (2012), $82.0 billion.
  • 4. Hurricane Maria (2017), $107.1 billion.
  • 3. Hurricane Ian (2022), $112.9 billion.
  • 2. Hurricane Harvey (2017), $148.9 billion.
  • 1. Hurricane Katrina (2005), $186.3 billion.

Meanwhile, insured losses from the southern California fires could reach $20 billion, according to JPMorgan. Analyst Jimmy Bhullar said that number could rise “even more if the fires are not controlled.” Raymond James issued a similar estimate, saying insured losses could range from $11 billion to $17.5 billion. Morningstar analysts estimated insured losses will exceed $8 billion.

To date, the most expensive wildfire by insured losses is 2018’s Camp Fire.

Most expensive wildfires (by insured losses)

  • 5. Oakland Fire (1991), $3.9 billion.
  • 4. Lahaina/Maui Fires, $4.4 billion.
  • 3. Woolsey Fire (2018), $5.3 billion.
  • 2. Tubbs Fire (2018), $11.1 billion.
  • 1. Camp Fire (2018), $12.5 billion.

“When you have these things like wildfires or hurricanes or floods, and the loss affects a large portion of the population, especially in a very small geographical area at the same time, insurance works, but it doesn’t work as well,” said Chuck Nyce, a professor of risk management and insurance at Florida State University. “It becomes more expensive, and the losses to the insurance company, when they become what they call ‘correlated,’ it makes insurance companies’ cost of capital higher, it makes their losses higher, it makes them more reluctant to do a large volume of business in a specific area.”

As insured losses mount, homeowners in the area will face an uphill battle to rebuild.

State Farm, a major insurer in the state, reportedly canceled hundreds of policies for homes in the Pacific Palisades over the summer to avoid “financial failure.” But there are options for those who can’t find private coverage in their communities.

“People forget that if you look across the United States, if you look at the first three quarters of 2024, there were 25 different events in the United States that caused more than a billion dollars in damage to properties,” Nyce told Straight Arrow News. “When we think about these disasters, we think of these areas like, ‘Oh, Florida is the problem,’ or, ‘Oh, California is the problem.’ They are much more widespread than people realize.”

In California, Fair Access to Insurance Requirements (FAIR) “is a syndicated fire insurance pool comprised of all insurers licensed to conduct property/casualty business in California.” It is an insurer of last resort, when homeowners can’t get policies from private companies.

The program uses no public or taxpayer funding, but that doesn’t stop the cost from being spread to policyholders throughout the state.

As estimates of the total economic toll and insured losses continue to rise, a number of major players in insurance saw their stock slide to open trading on Friday. This includes firms like Travelers, Allstate and AIG.

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Simone Del Rosario: Experts are tripling their estimates for how much economic damage these California wildfires may cause. 

AccuWeather saying the economic toll could reach up to $150 billion, after previously estimating a number in the 50s. 

That jump in estimates happened in a day, showing the unpredictability and massive toll these fires are taking.

AccuWeather Chief Meteorologist Jonathan Porter said, “To put this into perspective, the total damage and economic loss from this wildfire disaster could reach nearly 4 percent of the annual GDP of the state of California.”

As the fires spread, more than 180,000 residents have evacuated their homes. The Palisades Fire is the biggest, burning through more than 30 square miles and destroying more than 5,000 buildings. As of Friday morning, the blaze is 8% contained.

AccuWeather says if the fires continue to grow in size, that estimate for “total damage and economic loss may be revised upward, perhaps even substantially.”

The area between Malibu and Santa Monica hosts some of the most expensive property in the nation.The median home value in the area is more than $2 million. 

If the latest estimate rings true, these fires will be among the most costly natural disasters in U.S. history. 

Hurricanes typically top the list. The most costly natural disaster in history is Hurricane Katrina, which decimated New Orleans in 2005 and caused $186.3 billion in damage when adjusted for inflation. That’s followed by Hurricane Harvey which hit Houston and southeast Texas in 2017, causing massive flooding and $148.9 billion. And then there was 2022’s Hurricane Ian which caused $112.9 billion in damage throughout the southeastern U.S. 

The total economic toll is different from the amount of insured losses. JPMorgan says insured losses from the Southern California fires could reach $20 billion. They have doubled their estimate in a very short amount of time. Analyst Jimmy Bhullar said that number could rise “even more if the fires are not controlled.” Raymond James issued a similar estimate, saying insured losses could range from $11 billion to $17.5 billion. Morningstar analysts estimate insured losses will exceed $8 billion.

If the JPMorgan estimate of $20 billion comes to fruition, it would become the most costly wildfire in U.S. history by insured losses. 

Three fires from the 2018 season account for the three most expensive for insurance companies. 

The Camp, Tubbs, and Woolsey fires accounted for $12.5 billion, $11.1 Billion and $5.3 billion, respectively. 

A number of major players in insurance saw their stock price slide to open trading on Friday. This includes firms like Travelers, Allstate, and AIG. 

Insurance companies are increasingly ditching policies in areas affected by weather events. To learn more about the homeowners who lost their insurance policies months before these fires burned down their homes, search “state farm” for this story shown here on SAN.com or the Straight Arrow News app. 

U.S.

‘Pizzagate’ gunman dies after being shot by police during traffic stop

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The man who fired a gun inside a Washington, D.C. restaurant in 2016 allegedly motivated by a conspiracy theory called “pizzagate” is dead. Authorities said he police in North Carolina killed him on Saturday, Jan. 4.

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Officials said the shooting happened in Kannapolis, North Carolina. Police said they pulled over a car in which Edgar Maddison Welch was the passenger.

One of the officers said they noticed the vehicle belonged to Welch. Officers said they’d arrested Welch in the past. He also had an outstanding warrant out for his arrest for a felony probation violation.

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When officers went up to the car to arrest Welch, he pulled out a gun and pointed it at one of the officers, according to authorities.

Officers said they shouted orders for Welch to drop the handgun. However, he refused and was shot.

Welch died a couple of days later from his wounds. No other people were hurt in the shooting, according to police.

Law enforcement confirmed on Thursday, Jan. 9, that Welch is the same person sentenced to four years in prison for the “pizzagate” incident.

In 2016, Welch fired his gun inside Comet Ping Pong, a Washington D.C. pizza shop, after a slew of false internet claims accused the pizzeria of holding children as sex slaves as part of a child-sex abuse ring led by Hillary Clinton.

Police said that Welch drove six hours from North Carolina to Washington, D.C. to investigate the unfounded allegations, bringing several guns with him.

As Welch entered the restaurant armed, people fled from the scene. Welch then reportedly shot at a locked closet. After he realized no children were being held captive, he surrendered to police.

Welch pleaded guilty to gun-related charges and assault with a deadly weapon in 2017.

The judge who sentenced Welch to four years in prison at the time was now-Supreme Court Justice Ketanji Brown Jackson.

The shooting death of Welch is under investigation and the officers involved in the incident are on administrative leave as part of protocol, according to North Carolina officials.

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[CRAIG NIGRELLI]

A MAN WHO FIRED HIS GUN INSIDE A WASHINGTON D-C RESTAURANT IN 2016, REPORTEDLY MOTIVATED BY A FALSE CONSPIRACY THEORY DUBBED “PIZZAGATE”, HAS DIED AFTER BEING SHOT BY NORTH CAROLINA POLICE DURING A TRAFFIC STOP.

IT HAPPENED LAST SATURDAY NIGHT – WHEN POLICE SAY THEY PULLED OVER A CAR IN WHICH EDGAR MADDISON WELCH WAS A PASSENGER.

ONE OF THE OFFICERS SAID THEY NOTICED THE VEHICLE BELONGED TO WELCH, WHO THEY HAD ARRESTED IN THE PAST AND WHO HAD AN OUTSTANDING WARRANT FOR A FELONY PROBATION VIOLATION.

AUTHORITIES SAY WHEN OFFICERS WENT UP TO THE CAR TO ARREST WELCH, HE PULLED OUT A GUN AND POINTED IT AT ONE OF THEM.

OFFICERS SAY THEY SHOUTED ORDERS FOR WELCH TO DROP THE HANDGUN BUT HE REFUSED, AND THEY SHOT HIM.

WELCH DIED A COUPLE DAYS LATER FROM HIS WOUNDS.

NO OTHER PEOPLE WERE HURT IN THE INCIDENT.

LAW ENFORCEMENT CONFIRMED THURSDAY WELCH IS THE SAME PERSON SENTENCED TO FOUR YEARS IN PRISON FOR THE ‘PIZZAGATE’ INCIDENT.

IN 2016, WELCH FIRED HIS GUN INSIDE COMET PING PONG, A D-C PIZZA SHOP, AFTER A SLEW OF FALSE INTERNET CLAIMS ACCUSED THE PIZZERIA OF HOLDING CHILD SEX SLAVES HOSTAGE AS PART OF A CHILD-SEX ABUSE RING LED BY HILLARY CLINTON.

POLICE SAY WELCH DROVE SIX HOURS FROM NORTH CAROLINA TO D-C TO INVESTIGATE THE UNFOUNDED ALLEGATIONS, BRINGING SEVERAL GUNS WITH HIM.

AS WELCH ENTERED THE RESTAURANT ARMED, PEOPLE FLED FROM THE SCENE.

HE THEN SHOT AT A LOCKED CLOSET.

AFTER REALIZING THERE WERE NO CHILDREN BEING HELD CAPTIVE, HE SURRENDERED TO POLICE.

WELCH PLEADED GUILTY TO GUN-RELATED CHARGES AND ASSAULT WITH A DEADLY WEAPON IN 2017.

THE JUDGE WHO SENTENCED HIM TO FOUR YEARS IN PRISON AT THE TIME WAS NOW-SUPREME COURT JUSTICE KETANJI BROWN JACKSON.

THE SHOOTING DEATH OF WELCH IS UNDER INVESTIGATION AND THE OFFICERS INVOLVED IN THE INCIDENT ARE ON ADMINISTRATIVE LEAVE  AS PART OF PROTOCOL.

FOR MORE ON THIS STORY– DOWNLOAD THE STRAIGHT ARROW NEWS APP.

Business

US economy wows with 256,000 jobs added in December, more than expected


The U.S. economy added 256,000 jobs in December, roughly 100,000 jobs more than expected. The unemployment rate ticked down to 4.1% from November’s 4.2%.

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December’s jobs figure was even higher than November’s 212,000, which experts said was skewed higher by people returning to work from strikes and hurricanes.

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December’s Labor Department’s report appeared to be buoyed by a 72,000-job swing in retail trade.

In December, retail trade added 43,000 jobs, while it lost 29,000 jobs in November. Health care, government and social assistance, along with leisure and hospitality, all saw double-digit gains as well.

While the country saw a rise in unemployment earlier in 2024, the Bureau of Labor Statistics said the unemployment rate has held steady at 4.1% or 4.2% for the past seven months.

“I continue to believe that the U.S. economy is on a solid footing,” Federal Reserve Governor Christopher Waller said earlier this week. “I have seen nothing in the data or forecasts that suggests the labor market will dramatically weaken over coming months.”

Labor market weakness is what triggered the Federal Reserve to start cutting its benchmark interest rate in September, even as progress on inflation stalled. After a jumbo-sized 50-basis-point cut, the Fed made two more 25-basis-point cuts to close out the year, dropping the federal funds target range to 4.25% to 4.5%, a full percentage point below its 2024 peak. 

However, as the labor market showed renewed resilience, inflation started to rise. Consumer prices rose 2.7% for the year ending in November, after rising 2.6% in October and 2.4% in September.

“This minimal further progress has led to calls to slow or stop reducing the policy rate,” Waller said Wednesday, Jan. 8. “However, I believe that inflation will continue to make progress toward our 2% goal over the medium term and that further reductions will be appropriate.”

In December, the Fed released its latest economic projections, which forecast just two cuts in 2025, down from the previous forecast of four. In response, interest rate expectations rose.

This week, the average rate of a 30-year mortgage hit 6.93%, the highest level since July, and nearly a full percentage point higher than when the Fed started cutting its rate in September.

Why are mortgage rates going up while the Fed is cutting rates? Watch this video.

On Thursday, Jan. 9, the probability market had the Fed holding rates steady until June. It was split on whether the Fed would do a second cut in December or hold steady at one cut for the year.

Minutes released this week from the Fed’s last meeting revealed added concern about inflation. Without naming President-elect Donald Trump or his tariff and immigration policies, the Federal Open Market Committee multiple times brought up the unknown impact those policies might have on the economy.

“Almost all participants judged that upside risks to the inflation outlook had increased,” the minutes read. “As reasons for this judgment, participants cited recent stronger-than-expected readings on inflation and the likely effects of potential changes in trade and immigration policy.”

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Simone Del Rosario: The stock market dropped Friday after a really strong jobs report came out. What’s good for the economy these days can be bad for stocks because investors predict interest rates will stay higher for longer.

The U.S. economy added 256,000 jobs in December, about 100,000 more jobs than expected. And the unemployment rate ticked down to 4.1% from November’s 4.2%. While the country saw unemployment rise earlier in 2024, the Labor Department says it’s held steady at 4.1% or 4.2% for the past seven months. 

December’s jobs figure was even higher than November’s 212,000, which experts warned to take with a grain with of salt because it was skewed higher by people returning to work from strikes and hurricanes.

This December report appears to be buoyed by retail trade, which saw a 72,000-job swing from November to December. In November, the retail industry lost 29,000 jobs. In December, it added 43,000. Health care, government, social assistance, and leisure and hospitality all saw big gains as well.  

Earlier this week, Federal Reserve Governor Christopher Waller said the labor market is strong but he still sees more rate cuts coming. 

Christopher Waller: I continue to believe that the U.S. economy is on a solid footing. I have seen nothing in the data or forecasts that suggests the labor market will dramatically weaken over coming months.

Simone Del Rosario: Labor market weakness is what triggered the Federal Reserve to start cutting its benchmark interest rate in September, even as inflation progress stalled. After a jumbo-sized 50-basis-point cut, the Fed made two more 25-basis-point cuts to close out the year, dropping the federal funds target range to 4.25% to 4.5%. That’s a full percentage point below its 2024 peak. 

However, just as the labor market showed renewed resilience, inflation started to rise. Consumer prices rose 2.7% for the year ending in November, after rising 2.6% in October and 2.4% in September.

Christopher Waller: This minimal further progress has led to calls to slow or stop reducing the policy rate. However, I believe that inflation will continue to make progress toward our 2% goal over the medium term and that further reductions will be appropriate.

Simone Del Rosario: In December, the Fed released its latest economic projections, which forecast just two cuts in 2025, down from the previous forecast of four. In response, interest rate expectations went up.

This week, the average rate of a 30-year fixed mortgage hit 6.93%, according to Freddie Mac. It’s the highest level since July, and nearly a full percentage point higher than when the Fed started cutting its rate in September.

After Friday’s jobs report, the probability market doesn’t see the Fed cutting rates again until June. And unlike the Fed’s two-cut projection, investors are betting they cut only once this year.

For more on why mortgage rates are going up while the Fed is cutting rates, watch the video on this story by searching “mortgage rates” at SAN.com or the Straight Arrow News app. 

Politics

SCOTUS denies Trump’s request to delay Friday’s sentencing in New York

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The U.S. Supreme Court has denied President-elect Donald Trump’s emergency petition to block his upcoming sentencing in the criminal case New York v. Trump, often called his hush money case. The decision clears the way for Trump’s sentencing to proceed as scheduled on Friday, Jan. 10.

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Trump had asked the high court on Wednesday to halt the sentencing. The case stems from a conviction for falsifying business records related to payments made to adult film star Stormy Daniels.

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In its ruling, the Supreme Court stated, “First, alleged evidentiary violations at President-Elect Trump’s state-court trial can be addressed in the ordinary course on appeal. Second, the burden that sentencing will impose on the President-Elect’s responsibilities is relatively insubstantial in light of the trial court’s stated intent to impose a sentence of unconditional discharge after a brief virtual hearing.”

Trump responded to the high court’s ruling Thursday evening from his Mar-a-Lago estate in Palm Beach, Florida. He said he thought it was a fair decision and later thanked the justices on Truth Social “for their time and effort.”

Trump is expected to appear virtually for Friday morning’s sentencing hearing. Judge Juan Merchan, who presides over the case, has already indicated that Trump will not be sentenced to prison time. Instead, he will receive a sentence of “unconditional discharge,” meaning no punishment will be imposed.

Trump has maintained his innocence in the case, and his lawyers have already appealed the ruling.

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The U.S. Supreme Court has denied President-elect Donald Trump’s emergency petition to block his upcoming sentencing in the criminal case New York v. Trump often referred to as his hush money case. 

The decision clears the way for Trump’s sentencing to proceed as scheduled on January 10.

Trump had asked the high court on Wednesday to intervene and halt the sentencing. 

The case stems from a conviction for falsifying business records related to payments made to adult film star stormy daniels. 

The supreme court wrote in its ruling “First, alleged evidentiary violations at President-Elect Trump’s state-court trial can be addressed in the ordinary course on appeal. Second, the burden that sentencing will impose on the President-Elect’s responsibilities is relatively insubstantial in light of the trial court’s stated intent to impose a sentence of unconditional discharge’ after a brief virtual hearing.”

Trump responded to the high court’s ruling while at mar-a-lago thursday evening –

https://truthsocial.com/@realDonaldTrump/posts/113801361784208511

Saying he thought it was a fair decision – and later thanked the justices on truth social “for their time and effort.”

Trump is expected to appear virtually for friday morning’s sentencing hearing.

Judge juan merchan presiding over the case has already said trump will not be sentenced to prison time but rather it will be a sentence of an “unconditional discharge” – 

Meaning no punishment imposed.

Trump has maintained his innocence in the case with his lawyers already appealing the ruling.

Stay up to date on all the latest news headlines by downloading the straight arrow news mobile app or visit us online at san dot com.

 

Tech

Frank McCourt, Kevin O’Leary lead bid to buy TikTok as US ban looms

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Two entrepreneurs—a billionaire sports team owner and an investor known for his role on a business-themed reality TV show—are joining together in a last-ditch effort to buy TikTok. The popular social media app, owned by Chinese company ByteDance, faces a Jan. 19 deadline to either sell to a U.S.-based owner or face a potential ban.

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Frank McCourt, former owner of the Los Angeles Dodgers baseball team and current owner of French soccer club Olympique Marseille, is leading the bid through his nonprofit, Project Liberty.

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In announcing the effort, McCourt said Kevin O’Leary, the Canadian-born businessman known for his appearances as an investor on the TV show “Shark Tank,” is also a partner in the bid.

The law allows President Joe Biden to delay a decision to apply the ban by 90 days if a potential buyer could reasonably reach a deal with ByteDance.

O’Leary hopes this offer will meet that standard.

“I intend to be there with [a letter of intent] that [President] Biden can look at and say, ‘This is a viable alternative, I’m going to stay the situation for 90 days to let the company engage with this buyer,'” O’Leary told Fox News on Monday, Jan. 6.

The offer would build on McCourt’s ongoing efforts to decentralize the internet and operate the app without TikTok’s algorithm. The algorithm drives targeted content to viewers based on what they engage with the most.

In a statement Thursday, Jan. 9, announcing the bid, McCourt said, “By keeping the platform alive without relying on the current TikTok algorithm and avoiding a ban, millions of Americans can continue to enjoy the platform. We look forward to working with ByteDance, President-elect [Donald] Trump, and the incoming administration to get this deal done.”

Trump opposes the TikTok ban, which would take effect one day before he assumes office. The president-elect wrote to the Supreme Court, urging it to block the ban so he can take action on it. The court will hear arguments from TikTok and the Justice Department on Friday.

Last April, Biden signed the law forcing TikTok to either sell to a U.S. owner or face a ban. The bill passed the House and Senate with wide support from both Democrats and Republicans. 

Advocates worry about the influence China’s ruling Communist Party could have on ByteDance and the 170 million Americans using TikTok. Meanwhile, critics of the ban say it would go against users’ First Amendment rights.

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KARAH RUCKER: Two entrepreneurs – one billionaire sports team owner and one investor known for his role in a business-themed reality TV show – are joining together in a last-ditch effort to buy TikTok.

The incredibly popular social media app, owned by Chinese company ByteDance, faces a January 19th deadline to either sell to a U.S.-based owner or face a potential ban.

Frank McCourt, former owner of the Los Angeles Dodgers baseball team and current owner of French soccer club Olympique Marseille, is leading the bid through his nonprofit Project Liberty.

In announcing the effort, McCourt said Kevin O’Leary, the Canadian-born businessman known for his appearances as an investor on the TV show “Shark Tank,” is also a partner in the bid.

The law allows President Joe Biden to delay a decision to apply the ban by 90 days if there is a potential buyer who could reasonably reach a deal with ByteDance.

O’Leary hopes this offer will meet that standard.

KEVIN O’LEARY / Investor in TikTok Bid: O’LEARY: I INTEND TO BE THERE WITH AN LOI THAT BIDEN CAN LOOK AT AND SAY THIS IS A VIABLE ALTERNATIVE. I’M GOING TO STAY THE SITUATION FOR 90 DAYS TO LET THE ECONOMY ENGAGE WITH THIS BUYER.”

KARAH RUCKER: The offer would build on McCourt’s ongoing efforts to decentralize the internet and operate the app *without* TikTok’s algorithm, which drives targeted content to viewers based on what they engage with the most.

In a statement Thursday announcing the bid, McCourt said, “By keeping the platform alive without relying on the current TikTok algorithm and avoiding a ban, millions of Americans can continue to enjoy the platform. We look forward to working with ByteDance, President-elect Trump, and the incoming administration to get this deal done.”

President-elect Trump opposes the TikTok ban, which would take effect one day before he assumes office. The president-elect wrote to the Supreme Court, urging it to block the ban in order to let him take action on it. The court will hear arguments from TikTok and the Justice Department on Friday.

Last April, President Biden signed the law forcing TikTok to either sell to a U.S. owner or face a ban.

The bill passed both the House and Senate with wide support from both Democrats and Republicans. 

Advocates have worried about the influence China’s ruling Communist Party could have on both ByteDance and on the 170 million Americans who use TikTok.

For Straight Arrow News, I’m Karah Rucker.

And for all the latest updates on this and other top stories, download the Straight Arrow News app or visit SAN.com.