The wildfires are still burning in parts of the Palisades and Eaton areas of Los Angeles, California, have now damaged or destroyed more than 17,000 structures, with an average insured loss per structure of an estimated $1.9 million. Basically, wildfires occur very often in California, therefore the insurance fees are increasing. Some people thought that they are too expensive and stopped the insurance and thus led to great loss.
Los Angeles is the largest city of West Coast and the second largest city of US. Therefore it attracted people from Asia more than 2 centuries. Quite a number of officials from Asia fled to Los Angeles bringing large amount of cash and hide them in their home. Some of them are treasure of arts which cannot be valued in terms of money. Hollywood is famous for celebrities and a lot of movie stars and wealthy people live over there. So the actual cost is hard to evaluate.
There are also two famous Great Fire in history, which was Great Fire of London in 1666 and Great Fire of Chicago in 1871. Now London is the second largest financial center of the world and Chicago is the second largest finance center in US. According to Chinese Geomancy, great fire only burnt prosperous land and all bad things were burnt by heaven and everything can re-start again from the ashes.
Phoenix will rise from ashes.
Governor Newsom is one of the cores of WOKE where he led California to the current situation. Trump is unable to turn California from a blue state to red state. It is still republican but can be awaken from the WOKE during the re-construction process. The stock market also turned from pessimistic to optimistic under the Great Fire. This topic ends here and tomorrow we will start another topic of Donald Trump Era 2.0 in World Observation.