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In the line of fires: LA’s ashen suburbs one year on

In the line of fires: LA’s ashen suburbs one year on

Economist Podcasts · Jan 7, 2026

LA's fire recovery is stalled by insurance woes, AI is creating new human-centric jobs, and the global wine industry faces a secular decline.

AI Risk and Governance Is Now the Fastest-Growing IT Job

Demand for specialists who ensure AI agents don't leak data or crash operations is outpacing the need for AI programmers. This reflects a market realization that controlling and managing AI risk is now as critical, if not more so, than simply building the technology.

In the line of fires: LA’s ashen suburbs one year on thumbnail

In the line of fires: LA’s ashen suburbs one year on

Economist Podcasts·a month ago

New AI Roles Require Human Skills Like Psychology, Not Just Engineering

Emerging AI jobs, like agent trainers and operators, demand uniquely human capabilities such as a grasp of psychology and ethics. The need for a "bedside manner" in handling AI-related customer issues highlights that the future of AI work isn't purely technical.

In the line of fires: LA’s ashen suburbs one year on thumbnail

In the line of fires: LA’s ashen suburbs one year on

Economist Podcasts·a month ago

California's Suppressed Insurance Rates Inadvertently Spurred Risky Wildfire-Zone Development

A 1988 ballot measure artificially lowered home insurance rates, which incentivized migration into fire-prone areas. This policy, combined with climate change, created a "toxic situation" of underinsured residents and an unstable insurance market when disaster inevitably struck.

In the line of fires: LA’s ashen suburbs one year on thumbnail

In the line of fires: LA’s ashen suburbs one year on

Economist Podcasts·a month ago

Post-Disaster Rebuilding Efforts Exacerbate Socioeconomic Divides

In the aftermath of the LA wildfires, affluent residents can afford to build bigger dream homes, while underinsured, middle-class residents are often forced to sell their lots to developers. This dynamic highlights how disaster recovery can widen the wealth gap and permanently alter a community's character.

In the line of fires: LA’s ashen suburbs one year on thumbnail

In the line of fires: LA’s ashen suburbs one year on

Economist Podcasts·a month ago

Fine Wine Is Becoming a Status Symbol Like Swiss Watches Amid Market Decline

While mass-market wine sales are in a secular decline, the fine wine category is behaving like a luxury good. Similar to Swiss watches in a digital era, top-tier wines are retaining value as status symbols, creating a stark bifurcation in the overall market.

In the line of fires: LA’s ashen suburbs one year on thumbnail

In the line of fires: LA’s ashen suburbs one year on

Economist Podcasts·a month ago

Weight-Loss Drugs Like Ozempic Pose a New Threat to Wine Consumption

The global decline in wine sales faces a new headwind from the rise of GLP-1 drugs. Analysts worry that as these medications reduce users' desire to eat, they also diminish the desire to drink alcohol, further depressing a market already struggling with demographic and cultural shifts.

In the line of fires: LA’s ashen suburbs one year on thumbnail

In the line of fires: LA’s ashen suburbs one year on

Economist Podcasts·a month ago