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SAN DIEGO (KGTV) - Investors are watching carefully to see if interest rates keep dropping, or if they may eventually dip below zero in the United States.Recently, former Chairman of the Federal Reserve Alan Greenspan said it's a possibility, as rates have remained historically low for the past few years.In San Diego, the results of a negative interest rate would be good news for some and bad news for others."Low rates are a double-edged sword," says Dennis Brewster of SagePoint Financial. "If you're a borrower, if you're looking to buy a house today, mortgage rates have never been lower. But if you're a saver and you have money in the bank or in a CD, your rates are pretty poor."Brewster says the interest rate tends to drop when growth in the US is slow, both for the population and the Gross Domestic Product. He says that's what's happening now, as the baby boomer generation is getting older and later generations have fewer children. Brewster says slower population growth leads to slower economic growth because there are fewer people in the workforce, which means company production is down, and so is spending. He says that is happening despite record low unemployment.As for negative interest, Brewster says the average San Diego shouldn't worry since it's unlikely to happen."I wouldn't change your long term plans," he says. "The economy can move forward through high or low rates." 1411
SAN DIEGO (KGTV) — Jurors have reached their verdict in the trial of a man accused of killing a Navy sailor on a Logan Heights freeway ramp in 2018.Edson Acuna, 26, was found guilty of first-degree murder, robbery, and several other charges in connection with the murder of 21-year-old Curtis Adams on Oct. 27, 2018. Adams was driving on I-15 at about 2 a.m., when he came upon what appeared to be a disabled vehicle. As Adams got out of his vehicle to check on the car's occupants when he was shot.Prosecutors say Acuna and three others had burglarized a Mt. Hope home that night, before getting into a shootout with the home's residents. As they fled, one of their vehicle's tires were shot out. RELATED COVERAGE:Closing arguments in trial for man accused of killing Navy sailor on freewayGunman kills good Samaritan in I-15 shooting near Mountain ViewSuspect in shooting of Navy sailor on freeway has criminal historyMurder suspect's brother arrested in Mexico, charged with Good Samaritan's deathAfter they pulled over, prosecutors say Acuna and the others believed the Navy man to be the homeowner and opened fire. Adam's girlfriend was also in the car with him at the time of the shooting.Acuna's 22-year-old brother, Brandon, and two other co-defendants, Harvey Liberato, 25, and Susana Galvan, 39, have pleaded guilty to charges including voluntary manslaughter and being an accessory after the fact.Adams enlisted in the Navy in 2016. At the time of his death, he worked as a steelworker with Amphibious Construction Battalion 1 at Naval Amphibious Base Coronado.Acuna was also found guilty of burglary, possession of firearm by a felon, transporting assault weapon, possession of assault weapon, prohibited person holding or possessing ammunition, and carrying loaded firearm in a vehicle. He was found not guilty of shooting at an inhabited structure, building or aircraft.He's set to be sentenced to life imprisonment without parole on April 10. 1965
SAN DIEGO (KGTV) -- Legendary San Diego anchorman Jack White has passed away. White spent more than 30 years in America’s Finest City as a reporter and anchor at KGTV 10News.White grew up in Oceanside and graduated from Oceanside High School in 1957. He was even inducted into the school’s hall of fame for his contribution to the arts.White began his broadcasting career on the radio in the early 1960s before moving to TV where he spent 34 years at KGTV.On November 14, 2010, the City of San Diego declared Jack White Day. The county made a similar declaration. Many who worked with him called him a gentleman and a great coworker. After leaving 10News, White worked as a technical advisor on the movie “Anchorman.”White covered every story there was to be covered in San Diego. His Restaurant Row coverage was known as a 10News staple. His iconic line in this popular segment was "The meal was served piping hot, just the way I like it."White will be missed by many, both in the community and at 10News. 1014
SAN DIEGO (KGTV) -- It’s back to school for many kids across San Diego County. For some, it means new anxieties in the classroom, but for others, it means facing their old foe: bullying. A new program aimed at helping students understand their emotions in an effort to stop aggressive behavior before it starts is sweeping through the San Ysidro School District. RELATED: New program tackles behavioral issues to reduce future crime and violence in school 464
SAN DIEGO (KGTV) -- Looking to beat the heat and have some fun in the process? A North County mall has plenty of summer offerings for the whole family as temperatures rise. Westfield North County has created specific family programming throughout the week for families looking to escape the brutal North County heat. The mall is offering family game nights from 3 to 5 p.m. on Tuesday nights now through August 9. “Borrow one of our board games or play one of our life-sized versions of popular games like Tic-Tac-Toe, Jenga, Connect Four and Cornhole,” the mall says. A summer concert series will also be making its way to the mall on Fridays between 4 and 6 p.m. through the beginning of August. Check out the list of concerts below: Center Court, Level 1 July 12: The Journey Birds (Alternative Folk)July 19: Jimmy & Enrique (World Beat)July 26: The Ideas Trio (Vintage Rock & Roll)August 2: Gaby Aparicio (World Soul)August 9: Hullabaloo Band (Kids)Click here for more information on the events. 1016