We return to the Los Angeles suburbs that were consumed by wildfires a year ago. The varying rebuilding efforts reveal divides in wealth, but also strains in California’s insurance industry. Never mind the AI job apocalypse, if it comes: the technology will create plenty of new roles, too. And why “peak wine” may be a good thing for sippers of the fine kind.

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The countries have a decades-long relationship—debt freely given in one direction and plenty of oil sold in the other. Yet America’s intervention has served as a reality check on China’s power in Venezuela and elsewhere. Our World Ahead series examines the risks to the American dollar as global reserve currency. And pricey handbags ain’t built like they used to be.

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America’s National Security Strategy, released a month ago, suggested the administration’s focus was on dominance of the western hemisphere. But no one expected its first move would be a special-forces raid to depose President Nicolás Maduro. What is next comes with grave risks. And the video-games business wants to escape its rut by finding whole new markets—geographically and demographically.

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