Monday evening ODOT opened up Highway 126 westbound into Blue River, one of the hardest hit areas in the McKenzie River Valley.

LANE COUNTY, Oregon — For the first time since evacuating from their homes, Dennis and Debbie Davis saw firsthand on Tuesday the damage caused by the Holiday Farm Fire.

Two weeks earlier, Debbie woke up to an orange glow. She and her husband Dennis grabbed their three dogs and escaped their home just seconds before a 100-foot-tall Redwood tree smashed down on it.

Another tree fell on the roof of their truck as they tried to escape, caving in its roof and shattering the windshield.

“We used it as a battering ram to get out of here,” Dennis said.

Two weeks later, the couple returned to find a concrete foundation filled with the ashes of what used to be their home.

“We had 41 years of a marriage

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Small-business devastation during the coronavirus crisis presents risks to capitalism in the United States, Mohamed El-Erian told CNBC on Thursday. 

“If you want capitalism to be sustained, you need buy-in from a lot of people. You cannot get buy-in if it’s all about large corporations,” the chief economic advisor at Allianz said on “Squawk Box.” 

“Remember what small businesses do. They’re not just large employers, they also are the main way to have inclusive capitalism, an inclusive market-based system,” said El-Erian, imploring Washington to sharpen focus on providing targeted assistance. 

The pandemic has caused dramatic economic upheaval, putting millions of Americans out of work as governments ordered nonessential businesses to temporarily shutter in order to help slow the spread of Covid-19. But for many small businesses, the closures may end up being permanent. 

As of Aug. 11, there are about 155,000 total business closures reported on Yelp since March 1,

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Together, these data points have been enough to create an outlook that, while not exactly rosy, is at least no longer pallid. At the same time, the improvements are hardly so significant that they would prompt the Federal Reserve to pull back its support for the economy. The Fed has started new programs to buy Treasury bonds and other financial assets to calm investors, and is financing those programs by essentially creating new money.

“It seems to me that markets have decided this economic environment is the best of both worlds: enough economic recovery to support corporate earnings and prevent a substantial recession, but not so much that the Fed would have to raise interest rates and tighten monetary policy,” said Scott Clemons, chief investment strategist for private banking at Brown Brothers Harriman, an investment bank.

Several times in recent days, the S&P 500 had crisscrossed its Feb. 19 closing

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