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California's record fire season: "Well over 4 million acres" burned

More than 8,200 wildfires have burned "well over 4 million acres" in California this year, killing 31 people and destroying 8,450-plus structures, Cal Fire said Sunday.

Why it matters: Cal Fire confirmed on Sept. 7 that nearly 2.2 million acres had burned, surpassing the previous record set in 2018. The amount of land charred now is bigger in size than Connecticut and more than double that which burned in 2018, when 1,975,086 acres were razed.


Since CAL FIRE officially began recording state responsibility fire figures in 1933, all large fire years have remained well below the 4 million acre mark for acreage burned, until now. This year is far from over and fire potential remains high. Please be cautious outdoors. pic.twitter.com/IkwjSqEeVo

— CAL FIRE (@CAL_FIRE) October 4, 2020

Of note: 2018 remains the deadliest year for wildfires, with 85 people losing their lives in blazes.

The big picture: The wildfires have been particularly bad in recent days in California's wine country, where the Glass Fire that started late last month has burned across 63,885 acres and was at 17% containment as of Sunday.

What to expect: More seasonal temperatures are expected by the end of the week, "with a chance of some precipitation in the most northern part of the State," Cal Fire said in a statement.

  • "Expect locally gusty winds over the next few days on the west edge of the Sacramento Valley, the North and East Bay, and Southern California mountain ranges," Cal Fire said.
"A Fire Weather Warning is in effect for very Northeastern California afternoon from 2pm to 8pm for strong, gusty winds with low humidity in the Tulelake Basin region."

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Oracle leapfrogs Microsoft as most likely TikTok buyer

Oracle has leapfrogged Microsoft as the most likely buyer of TikTok's U.S. operations, according to multiple sources familiar with the process. But the situation remains very fluid, including the possibility of no deal at all.

Key questions: What exactly is for sale, and could President Trump accept a deal in which some of TikTok's core technology remains with Chinese parent company ByteDance?

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Peru now has the world's highest coronavirus death rate

Data: European Centre for Disease Prevention and Control via Our World in Data; Chart: Naema Ahmed/Axios

Peru's coronavirus death rate is now the highest in the world, surpassing Belgium and exceeding even Brazil (7th) and the U.S. (8th).

Why it matters: Peru and Belgium illustrate the divergence between the world's two hardest-hit regions since the eye of the storm shifted from Europe to Latin America in the spring.

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Fed lays out historic shift to inflation strategy

The Federal Reserve said Thursday that, going forward, it is willing to allow inflation to drift higher than its typical 2% target for periods of time — and won't be tempted to hike rates to offset rising prices when the unemployment rate gets too low.

Why it matters: It's a historic shift in the Fed's strategy. For decades, the central bank operated with the thinking that low unemployment rates lead to inflation. That never panned out during the record-long economic expansion that ended when the pandemic hit, as inflation has remained persistently below its target since the financial crisis .

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