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  • Treasurer-Tax Collector updates investment policy to consider ESG investments

    Updated Mar 11, 2022

    Updated investment policy prohibits County from investing in securities in the fossil fuel industry SAN DIEGO – San Diego County Treasurer-Tax Collector Dan McAllister joins the growing movement by government agencies to consider environmental, social and governance factors when investing public funds. The San Diego County Investment Pool, which reached $13.58 billion in January reviews its investment policy annually and updates it as needed. This year’s update will consider ESG practices when evaluating securities aimed...

  • Fallbrook chamber to hold February events

    Updated Feb 3, 2022

    FALLBROOK – The Fallbrook Chamber of Commerce has several events planned for February. They are: Monday, Feb. 7 – First Monday Coffee at Chamber office, 9 a.m. Thursday, Feb. 10 – SunUpper at the chamber office, hosted by Cindy Gobrecht of Mary Kay, 9 a.m. Thursday, Feb. 17 – Business Member Expo at Pala Mesa Resort, 4-7 p.m. Thursday, Feb. 24 – Dinner Mob at The Coal Bunker, 5 p.m. The chamber is located at 111 S. Main Ave. For more information on the events, call 760-728-5845 or email jackie.to...

  • Gastelum seated on Rainbow CPG

    Updated Dec 16, 2021

    Joe Naiman Village News Reporter Douglas Gastelum is the newest member of the Rainbow Community Planning Group. Gastelum was seated on the planning group Nov. 18. He replaced Bill Crocker in Seat No. 10 for the term which expires on Jan. 2, 2023. Gastelum can run for re-election next year for a full four-year term. “I’ve been really impressed with the commitment on display by the planning group members,” Gastelum said. “I think we’re going to have a good man in that position,” said planning group chair Paul Georga...

  • Governor signs Senate Bill 639

    Updated Oct 8, 2021

    SACRAMENTO – California achieved an important civil right recently with Gov. Gavin Newsom’s signature on Senate Bill (SB) 639 ending the policy that allowed businesses with special licenses to be able to pay people with disabilities subminimum wage for their work. California now becomes the 13th state to end this practice. Once the implementation process is complete all California employees with disabilities will earn at least minimum wage for their work. This bill was championed by Senator Maria Elena Durazo (D-Los...

  • Board paves way for legalization of small home kitchens

    Updated Sep 23, 2021

    Katie Cadiao County of San Diego Communications Office The County Board of Supervisors voted today to move forward with plans to legalize microenterprise home kitchen operations, or MEHKOs. MEHKOs are defined by California law as a small retail food facility, operated from a private home. The state allowed local jurisdictions to begin authorizing MEHKOs in 2018. So far, seven California cities and counties, including Santa Barbara and Riverside, have legalized these...

  • Disney to lay off 4,000 more employees amid pandemic

    Associated Staff|Updated Nov 27, 2020

    Nov 27, 2020 1:53PM   ORLANDO, Fla. (AP) - The Walt Disney Co. announced plans to lay off 4,000 more employees largely due to the effects of the COVID-19 pandemic. The announcement by the company was made in a U.S. Securities and Exchange Commission filing earlier this week, saying 32,000 employees at the parks, experiences and products division will be terminated in the first half of fiscal year 2021, which began last month. In late September, the company had already...

  • FBI warns ransomware assault threatens US health care system

    FRANK BAJAK, Technology Writer|Updated Oct 29, 2020

    Oct 29, 2020 10:46 AM BOSTON (AP) - Federal agencies warned that cybercriminals are unleashing a wave of data-scrambling extortion attempts against the U.S. health care system designed to lock up hospital information systems, which could hurt patient care just as nationwide cases of COVID-19 are spiking. In a joint alert Wednesday, the FBI and two federal agencies warned that they had "credible information of an increased and imminent cybercrime threat to U.S. hospitals and...

  • Wall Street steadies itself following record-breaking economic reports

    STAN CHOE and DAMIAN J. TROISE, Associated Press Business Writers|Updated Oct 29, 2020

    Oct 29, 2020 10:20 AM  NEW YORK (AP) - The Department of Commerce announced Oct. 29 that U.S.  economic output in the third quarter grew by 33.1 percent, the largest expansion on record, after falling by 31.4 percent in the second quarter, the largest shrinkage on record. In a release detailing the agency's "advance" estimate for third-quarter gross domestic product (GDP), the Commerce Department noted, as is standard practice, that the number is subject to a follow-up...

  • Stocks rebound on Wall Street, S&P 500 trades above record

    Updated Aug 12, 2020

    STAN CHOE and ALEX VEIGA AP Business Writers Stocks marched broadly higher on Wall Street Wednesday, briefly nudging the S&P 500 above its all-time closing high set in February, before the coronavirus pandemic led to a historic market plunge. The benchmark index notched a 1.4% gain, its eighth in nine days. It ended within 0.2% of its record high from Feb. 19, before the coronavirus prompted the sudden shutdown of much of the economy. Big technology stocks led the way higher once again. Health care and communication services...

  • Inside Big Tech: Pulling back the curtain with 'hot' email

    Updated Aug 5, 2020

    MARCY GORDON AP Business Writer WASHINGTON (AP) - The House Judiciary chairman was closing in on his Perry Mason moment with Facebook CEO Mark Zuckerberg. Fortified with "hot" internal company documents, Rep. Jerrold Nadler was building his case at a hearing that seemed almost like a trial for Facebook and three other tech giants over alleged anti-competitive tactics. "Thank you, Mr. Zuckerberg, you're making my point," Nadler declared. Then to the "jury:" "By Mr....

  • Microsoft confirms talks seeking to buy US arm of TikTok

    Updated Aug 3, 2020

    CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) - Microsoft confirmed Sunday it is in talks with Chinese company ByteDance to acquire the U.S. arm of its popular video app TikTok and has discussed with President Donald Trump his concerns about security and censorship surrounding such an acquisition. In a statement, Microsoft said Microsoft and ByteDance have provided notice of their intent to explore a deal resulting in Microsoft owning and operating the TikTok service in...

  • Trump says he'll act to ban TikTok in US as soon as Saturday

    Updated Aug 1, 2020

    TALI ARBEL AP Technology Writer NEW YORK (AP) — President Donald Trump said he will take action as soon as Saturday to ban TikTok, a popular Chinese-owned video app that has been a source of national security and censorship concerns. Trump's comments came after published reports that the administration is planning to order China's ByteDance to sell TikTok. There were also reports Friday that software giant Microsoft is in talks to buy the app. "As far as TikTok is concerned, we're banning them from the United States,"...

  • 3 charged in massive Twitter hack, Bitcoin scam

    Updated Jul 31, 2020

    DAVID FISCHER Associated Press MIAMI (AP) - A British man, a Florida man and a Florida teen were identified by authorities Friday as the hackers who earlier this month took over Twitter accounts of prominent politicians, celebrities and technology moguls to scam people around the globe out of more than $100,000 in Bitcoin. Graham Ivan Clark, 17, was arrested Friday in Tampa, where the Hillsborough State Attorney's Office will prosecute him as adult. He faces 30 felony...

  • US consumer spending up 5.6%, but virus could stall gains

    Updated Jul 31, 2020

    MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — American consumers increased their spending in June by a solid 5.6%, helping regain some of record plunge that occurred after the coronavirus struck hard in March and paralyzed the economy. But the virus' resurgence in much of the country could impede further gains. Last month's rise in consumer spending followed a seasonally adjusted 8.5% surge in May after spending had plunged the previous two months when the pandemic shuttered businesses, caused tens of millions of...

  • Wall Street slides, but tech strength helps avert a big loss

    Updated Jul 30, 2020

    STAN CHOE AP Business Writer NEW YORK (AP) - Most of Wall Street stumbled Thursday, but yet another rise for big technology stocks helped keep the market's losses in check. The S&P 500 dropped 12.22 points, or 0.4%, to 3,246.22, with nearly three out of four stocks in the index falling. Among the hardest-hit were oil producers, banks and other companies that most need the economy to pull out of its recession. Treasury yields also sank in a sign of increased pessimism about...

  • Big Tech, hit by the pandemic, reports mixed earnings

    Updated Jul 30, 2020

    MICHAEL LIEDTKE, MATT O'BRIEN and JOSEPH PISANI AP Business Writers Big Tech companies reported mixed quarterly earnings on Thursday, a day after their top executives faced a tough congressional grilling over their market power and alleged monopolistic practices. The staggering economic fallout caused by the coronavirus pandemic was reflected in reports from Amazon, Facebook, and Google's corporate parent, Alphabet. Apple, the most valuable company of them all, is set to disclose its numbers for the April-June quarter later o...

  • Record economic plunge, bleak jobs numbers reveal virus toll

    Updated Jul 30, 2020

    MARTIN CRUTSINGER and PAUL WISEMAN AP Economics Writers WASHINGTON (AP) — The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.9% annual rate last quarter and is still inflicting damage across the country, squeezing already struggling businesses and forcing a wave of layoffs that shows no sign of abating. The economy's collapse in the April-June quarter, stunning in its speed and depth, came as a resurgence of the viral outbreak has pushed businesses to close for a second time in many areas....

  • US is expected to report a record-breaking economic plunge

    Updated Jul 29, 2020

    MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about any sustained recovery the rest of the year. A huge plunge in consumer spending as people stayed home and avoided shopping, traveling or gathering in crowds as the virus raged is estimated to have sent the economy sinking at a roughly 32% annual rate in the April-June quarter. That would be more than triple the...

  • 4 Big Tech CEOs getting heat from Congress on competition

    Updated Jul 29, 2020

    MARCY GORDON AP Business Writer WASHINGTON (AP) — Four Big Tech CEOs — Facebook's Mark Zuckerberg, Amazon's Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple — are set to answer for their companies' practices before Congress as a House panel caps its yearlong investigation of market dominance in the industry. The powerful executives are set to defend their companies as buttressing competition and offering essential services to consumers. The four CEOs are testifing remotely for a hearing Wednesday by the House...

  • Holocaust survivors urge Facebook to remove denial posts

    Updated Jul 29, 2020

    DAVID RISING Associated Press BERLIN (AP) - Holocaust survivors around the world are lending their voices to a campaign launched Wednesday targeting Facebook head Mark Zuckerberg, urging him to take action to remove denial of the Nazi genocide from the social media site. Coordinated by the New York-based Conference on Jewish Material Claims Against Germany, the #NoDenyingIt campaign uses Facebook itself to make the survivors' entreaties to Zuckerberg heard, posting one video...

  • Wall Street climbs ahead of Fed announcement, led by tech

    Updated Jul 29, 2020

    STAN CHOE AP Business Writer NEW YORK (AP) - Stocks are rising on Wall Street Wednesday ahead of a Federal Reserve announcement where investors expect the central bank to keep the accelerator floored on its aid for the economy. The S&P 500 was 0.8% higher in midday trading, while Treasury yields were holding steady and gold touched another record high. The Dow Jones Industrial Average was up 86 points, or 0.3%, at 26,465 as of 11:38 a.m. Eastern time, and the Nasdaq composite...

  • Struggling merchants, insurers battle over pandemic coverage

    Updated Jul 28, 2020

    MICHAEL LIEDTKE AP Business Writer Restaurants, bars and other merchants struggling to stay afloat during the coronavirus pandemic are desperately reaching out for a lifeline from insurers that in turn contend they are being miscast as potential saviors. Shutdowns and crowd restrictions imposed by state and local governments to limit the spread of the virus have resulted in more than $1 trillion in estimated losses so far for thousands of rapidly sinking small businesses....

  • Uncertainty pushes gold price to record, over $1,930 per oz

    Updated Jul 27, 2020

    BEIJING (AP) — The price of gold surged to a record above $1,934 per ounce on Monday as investors moved money into an asset seen as a safe haven amid jitters about U.S.-Chinese tension and the recovery from the coronavirus pandemic. It added 2% percent after breaking its 2011 record high price on Friday, when it closed at $1,897.50 on the New York Mercantile Exchange. As of 8:35 GMT on Monday, it was at $1,934.60 per ounce and had traded as high as $1,938 per ounce. Prices of gold and silver have jumped as rising infection...

  • Stocks tick higher, gold rushes to record ahead of busy week

    Updated Jul 27, 2020

    STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are ticking higher in early Monday trading on Wall Street, while gold rushes to a record at the start of a week packed with potentially market-moving events. The S&P 500 was 0.6% higher after the first 30 minutes of trading following mixed, modest moves for stocks overseas. Fear was still prevalent across markets, though, and gold shot above $1,940 per ounce to touch the highest-ever price for its most actively traded contract. The Dow Jones Industrial Average was up 104...

  • 'A slap in the face:' Goya faces boycott over Trump praise

    Updated Jul 10, 2020

    ALEXANDRA OLSON, KATE BRUMBACK AND MATT OTT Associated Press Writers NEW YORK (AP) - The CEO of food company Goya is facing an uproar over his praise for President Donald Trump, with some Latino families purging their pantries of the products and scrambling to find alternatives to the beloved beans, seasoning and other products that have long been fixtures in their cooking. But the controversy is also drawing attention to the mixed political sentiments of Latinos in the U.S....

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