By  on September 1, 2009

A fast-moving wildfire north of Los Angeles that has burned more than 85,700 acres could be another blow to California’s faltering economy.

“It’s more bad news on top of bad news,” said Jack Keyser, chief economist for the Los Angeles Economic Development Corp. The latest natural disaster, along with rising unemployment, plunging real estate values and a hemorrhaging state budget, is “very reminiscent of the early Nineties, when we said, ‘What’s next?’”

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