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SAN DIEGO (KGTV) - Escondido, California police are asking for the public's assistance in finding a mule that was reported stolen. 138
SAN DIEGO (KGTV) -- Economic forecasters are beginning to warn of a possible 2020 recession, and the impact they say will be felt in the Golden State, according to a new report by UCLA.“Don’t celebrate the 3.1% GDP growth estimate for the first quarter of 2019,” writes UCLA Anderson Professor Emeritus Edward Leamer. Leamer is quoted in a recent report produced by the UCLA Anderson School of Management. According to Leamer, the data actually increases the risk of a recession at some point in the next couple of years. Nationally, economic growth is expected to slow marginally to 2.1 percent in the fourth quarter of 2019 and 1.4 percent in the fourth quarter of 2020. RELATED: Fed cuts interest rates for the first time since recessionThe good news is that the report predicts an economic rebound, growing again to 2.1 percent in the fourth quarter of 2021. So what picture does the report paint for California? One forecaster says you can expect California unemployment to rise modestly. “Weakness in housing as well as the slowing U.S. economy is reflected in a very modest growth rate in the U.S. in late 2020,” UCLA Anderson Forecast director Jerry Nickelsburg writes. “As a consequence, we expect California’s average unemployment rate to rise slightly to an average of 4.6% in the first quarter of 2021. For the entire year for 2020 and 2021, we expect average unemployment rates of 4.3% and 4.4%, respectively.”Meanwhile, personal income growth in the state of California is forecast at 2.9 percent in 2019. But the report warns that income growth is expected to slow to 1.9 percent by 2020.It’s not all bad news, however, income growth is expected to rise fairly quickly again in 2021, and is forecast to reach 2.1 percent by the end of the year. There's more good news. The Federal Reserve Wednesday lowered interest rates for the first time since the Great Recession in 2008 to help prevent an economic downturn. 1936
SAN DIEGO (KGTV) -- Despite skyrocketing prices, San Diego’s housing inventory is up in 2018, according to a new report by Trulia. The trend in America’s Finest City sits opposite the national trend, which is seeing a declining inventory. The national drop in inventory in the fourth quarter of 2018 was mainly driven by a drop in for-sale homes, however, in San Diego, the total for-sale inventory rose by more than 27 percent. San Diego’s trade-up inventory saw the largest increase at more than 46 percent. The report points out that, despite inventory gains in San Diego, prices continue to rise, outpacing wage growth. The trend places homeownership out of reach for many first-time homebuyers. Other Making It stories: Winter months may provide home buying opportunities98-year-old woman heads to court to fight eviction from Ocean Beach homeGranny flat an option for families 891
SAN DIEGO (KGTV) — Disney fans who have been waiting to experience Ballast Point's next project in Anaheim will get to this month.The Ballast Point Brewpub is set to open in Downtown Disney on Jan. 16, offering a family-friendly brewery just outside the walls of Disneyland and California Adventure.The 4,000-square-foot location spots a glass-enclosed bar and restaurant, a 3,000-square-foot beer garden with cabana-style seating, and more than 50 varieties of the brewery's beers.RELATED: Disneyland raising prices for tickets, parking“Ballast Point is born and raised in Southern California, so we’re particularly excited to strengthen our relationship with the local Anaheim community and beyond this, the many guests who visit Disneyland each year,” Ben Dollard, president of Ballast Point, said in a release. “This new location also gives our passionate brewing and culinary teams the perfect place to test new and inventive offerings, as we welcome longtime Ballast Point fans and introduce new guests to our brand.”The Anaheim location will also feature limited-edition "research and development" brews exclusive to the Downtown Disney location, in addition to Ballast Point favorites.On the food side, the location will offer a mix of regional favorites, like Baja-style fish tacos and house-made pretzels, and a kids menu featuring chicken tenders, corn tortilla quesadilla, and grilled cheese. In addition, Ballast Point will donate for every kid’s meal ordered at the location to No Kid Hungry, an organization working to end child hunger.RELATED: Disneyland offers Southern California residents huge savings with special 3-day tickets“Today is an exciting day as we officially welcome Ballast Point to the Downtown Disney District family,” Patrick Finnegan, vice president of Disney California Adventure and Downtown Disney, said in a release. “We strive to consistently bring fresh and innovative concepts to the Downtown Disney District that we know our guests will enjoy, and Ballast Point is the perfect Southern California brand to bring its unique blend of great beer, good food and a family-friendly atmosphere.”The brewery is the latest high-profile news for Disney fans who enjoy craft beer.Disneyland announced last year that for the first time, alcohol would be offered inside the parking to general guests with the opening of the new Star Wars-themed land "Star Wars: Galaxy's Edge" this summer.RELATED: Disney reveals two new attractions coming to 'Star Wars' landThe Ballast Point Downtown Disney location will be opened daily from 10 a.m. to midnight. 2590
SAN DIEGO (KGTV) -- Despite paying nearly for a gallon of gas, a new record number of Memorial Day travelers are expected to hit the road, and San Diego is among top destinations, according to AAA. Throughout California, 5.42 million people are expected to take a trip and, in Southern California alone, 3.35 million people are projected to travel. Among Southern Californians, 2.78 million people are expected to travel by car and another 340,000 people plan to travel by plane. RELATED: Memorial Day weekend events happening around San Diego“Southern California gas prices are at their highest levels in three years, but consumer confidence and economic growth leading into this holiday are still positive, prompting more people to plan trips,” said Jeffrey Spring, Auto Club spokesperson. “And the good news for holiday travelers is that gas prices are dropping, and most drivers should be able to find prices of .75 a gallon or lower for regular unleaded by using virtual shopping tools such as the free AAA Mobile app.”Locally, Las Vegas tops the list of Memorial Day destinations followed by San Diego, the Grand Canyon, San Francisco and Anaheim. RELATED: Festival of the Sea coming to San Diego bayfront this MayAnaheim will also be the fifth most popular travel destination for Americans ahead of the opening of “Star Wars: Galaxy’s Edge.” National, top destinations include Orlando, New York, Las Vegas and Honolulu. 1441