Good morning! So, remember how yesterday I told you those wildfires in California were not so bad?
Yeah, that’s changed. Strong winds have strengthened the fire, which
has now scorched 2700 acres, destroyed or damaged 75 homes, and injured
10 firefighters. About 12,000 people have been forced out their homes
by the blaze.
Results of the “stress tests” conducted on the nation’s banks
by the Obama administration found that nine of the biggest received a
clean bill of health, but that the rest could need as much as $75
billion in capital to survive the recession. Banks in trouble include
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