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JPMorgan Chase says it lost billions of dollars trading "synthetic derivatives." Do these complex Wall Street transactions ever do anything to help average people? To answer that question, we consider the case of an imaginary company, Chickens LLC, that is looking to grow.

Millions of Americans love peanut butter sandwiches. It's easy to make, a "kid favorite" and, until now, relatively inexpensive. The cost of peanut butter has already increased by more than a third — and it might not stop there.

The wet season arrived early this year for much of California, even as Lake Mead has dropped to record low levels.

San Diego County farmers produce more avocados each year than anywhere else in the United States. But that number one ranking could change by the end of the year, because the region’s avocado industry is facing pressures.

A new report looks at how prepared California is for the predicted effects of climate change. Those effects range from sea level rise to droughts, heat waves and wildfires. KPBS Environmental Reporter

An environmental group says all of the 92 monitored beaches in San Diego County received top marks for water quality this summer. A big reason is the continued drought. KPBS Environmental Reporter Ed

The National Weather Service says some of the most dangerous fire weather in Southern California comes this time of year. The service says continued drought makes conditions ripe for wildfires. KPBS E

The remarks of President Obama, as released by The White House and prepared for delivery:

A vanishing lake figures large in a court battle over how Southern California gets it water, a high-stakes dispute with consequences that could ripple throughout the western United States.

The California wildfires are yet another blow to the state's livestock industry…which is grappling with a drought. So far, the fires have scorched more than 630,000 acres -- much of it pasture and r