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Wildfires continue to ravage the western United States, particularly in the Pacific Northwest, where 28 people have died and officials are bracing for more death.Hundreds of thousands of acres are currently burning in about 100 fires in 13 western states, but areas of Northern California and Oregon have seen unprecedented and catastrophic damage this week.Since mid-Auhust least 19 people have died in California — nine alone in the North Complex Fire that's currently burning north of Sacramento. Eight people have now been killed in Oregon, and with dozens of people still missing, officials are expecting more casualties."We know we're dealing with fire-related death, and we're preparing for a mass fatality incident, based on what we know," said Andrew Phelps, the director of the Oregon Office of Emergency Management.A one-year-old boy was also killed in Washington state this week.USA Today reports that cooler weather this weekend may aid firefighters. But in Oregon, officials fear that two large fires could merge and begin threatening an area near Portland — the state's largest city. More than 500,000 people have already been evacuated, a number representing about 10% of the state's population. 1219

When experts look at the economy and its rebound, they go through an alphabet soup of letters, with a “V” shape recovery being the best-case scenario. It’s a fast decline with a fast recovery. Letters like “W” or “L” mean a much slower and painful path forward.A resurgence of more COVID-19 cases is shifting the likely shape of our economic recovery, and having economists evaluate the likelihood of a recovery in the shape of the more dreaded letters.“The fact that the virus has increased in a number of states shows that it is still very much a threat not only to one’s health but the economy,” said Michelle Meyer, who heads U.S. Economics at Bank of America. “The initial stage of the recovery was quite robust. It felt quite ‘V’ like, the economy was digging its way out of what was a very deep hole.”According to Bank of America, about a third of the jobs lost during the pandemic have been recovered. However, the recovery has slowed down into more of a “U” shape, and now data is showing a stall with concern of a higher chance of a “W” or “L” shape recovery.“The ‘W’ trajectory would be the worst-case scenario. That would show real fragility on the economy if we dipped back into a recession,” added Meyer.Experts say it would lead even higher unemployment, and more permanent job loss and business closures. In addition, to come out of a “W” or “L” shape recovery, we would need even more stimulus money from the federal government, which may not even improve the economic downturn as much as it did the first time.“Stimulus in Washington provides a really nice band-aid and I think it helped tremendously in the first stage of this recovery but at the end of the day, we need the economy to fundamentally improve,” said Meyer.The good news is unless there is a significant or full shutdown again, a “W” shape recovery is still less likely to occur than a “U” shape.“Our analysis projects that a 'U' shape recovery with rather steep losses and growth this year and rather flat next year and then recovering subsequently is the most likely outcome,” said David Turkington, the Senior Vice President at State Street Associates.A recent State Street study based on 100 years of historical data shows that the U.S. still has 30.1% chance of a “U” recovery, and a combined 24.4% chance of a “W” or “L” shape recovery which include stagflation and depression outcomes.“The real economy I think is what determines the recovery and how that plays forward,” said Turkington.The real economy is jobs, businesses and consumer spending. Providing stability there could determine which way the economy goes. 2615

What does it look like when galaxies collide? The Hubble Telescope captured a unique sight as two galaxies are in the process of merging.NASA says the galaxy, called NGC 1614, is about 200 million light-years from Earth and is the result of a “galactic merger” which has created a unique appearance. They call it “eccentrically shaped” and “ablaze with activity” in a statement on NASA’s website. It sits in the constellation of Eridanus.The result of the cosmic collision is a flow of interstellar gas from the smaller galaxy into the nucleus of the larger one, “resulting in a burst of star formation that started in the core and has slowly spread outward through the galaxy,” NASA says.Astronomers say NGC 1614 is one of the most luminous objects in the local universe. 780

White House senior adviser Jared Kushner called for unity Monday at the opening of the United States' new embassy in Jerusalem, according to excerpts of his speech released by the White House."We believe, it is possible for both sides to gain more than they give -- so that all people can live in peace -- safe from danger, free from fear, and able to pursue their dreams."Jerusalem must remain a city that brings people of all faiths together," Kushner said.The senior adviser's speech comes after at least 41 people were killed during clashes earlier in the day along the border fence between Israel and Gaza, the most fatalities suffered in a single day since the latest round of demonstrations began more than six weeks ago.Kushner also praised to praise President Donald Trump's efforts to move the US embassy to Jerusalem."While presidents before him have backed down from their pledge to move the American Embassy once they were in office, this President delivered. Because when President Trump makes a promise, he keeps it," Kushner stated.Kushner, who is also the President's son-in-law, has been leading efforts to broker an Israeli-Palestinian peace proposal, though any accord would be colored by the administration's recognition of Jerusalem as Israel's capital and decision to move the US embassy there from Tel Aviv.During his speech, Kushner is also expected to praise Israel as a country that "proves every day the boundless power of freedom.""This land is the only land in the Middle East in which Jews, Muslims, and Christians, and people of all faiths participate and worship freely according to their beliefs," Kushner said. "Israel protects women's rights, freedom of speech, and the right of every individual to reach their God-given potential."Kushner is also remarked on Iran, calling it "flawed" and "one-sided" less than a week after Trump's decision to withdraw from the Iran nuclear deal."Iran's aggression threatens the many peace-loving citizens throughout the region and the world," Kushner said. "From Israel to Jordan to Egypt to Saudi Arabia and beyond, many leaders are fighting to modernize their countries and create better lives for their people. In confronting common threats, and in pursuit of common interests, previously unimaginable opportunities and alliances are starting to emerge."Kushner also criticized recent protests, saying that "those provoking violence are part of the problem and not part of the solution."US ambassador to Israel, David Friedman, Deputy Secretary of State John Sullivan, Secretary of Treasury Steven Mnuchin, White House senior adviser and first daughter Ivanka Trump, and special representative for international negotiations Jason Greenblatt attended the ceremony as part of the US delegation.  2782

White House senior adviser Jared Kushner's family real estate group obtained business loans after Kushner met with the company heads in his official government capacity, The New York Times reported Wednesday.According to the Times, Kushner met with Joshua Harris, one of the founders of Apollo Global Management, on multiple occasions while advising the Trump administration on infrastructure policy, three people familiar with the meetings said.The topic of a job at the White House was also brought up, though never materialized. In November 2017, Apollo's real estate group lent Kushner Companies 4 million to refinance the mortgage of a Chicago skyscraper. The size of the loan, according to the Times, was triple the size of their average property loan.  775

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