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President Donald Trump says he has asked the SEC to study whether to stop requiring companies to report quarterly earnings.In speaking to business leaders, one told him a twice-a-year reporting system would allow companies the flexibility and cost savings companies need to "Make business (jobs) even better in the U.S." Trump tweeted Friday morning. Trump said he directed the SEC to look into a change in its requirements.Public companies must report their sales, profits and the state of the company's balance sheet every quarter. That has been required since the Securities Exchange Act of 1934, which was put in place to give more confidence and transparency to investors in the wake of the 1929 stock market crash. That act also created the SEC, which sets the regulations which govern those quarterly reports.Businesses have long complained that the reports require company executives to focus too much on the short term. Juicing numbers impresses investors, but it can force companies to miss out on long term trends. One of the reasons Tesla CEO Elon Musk wants to take his company private, he told his employees last week, was the way quarterly reports distort decisions at the company.President Barack Obama has also criticized quarterly reports.Speaking to the New York Review of Books in 2015, Obama said that he had talked to a large number of businesses executives who told him, "Because they've got quarterly reports to shareholders and if they've made a long-term investment that may pay off way down the line, or if they're paying their employees more now because they think it's going to help them retain high-quality employees, a lot of times they feel like they're going to get punished in the stock market. And so they don't do it, because the definition of being a successful business is narrowed to what your quarterly earnings reports are."Shareholders, however, use the quarterly earnings reports as a guide to the quality and health of their investments. Without quarterly financial reports, investors could be blind to important risk factors that could damage their portfolios.The president has run privately-held companies that didn't have to report results at all during most of his time in business,The European Commission, among others, only requires semi-annual financial reports of companies there, although major European companies whose stock is traded in both the United States and Europe will report on a quarterly basis in order to comply with SEC regulations.The-CNN-Wire 2519

RANCHO PENASQUITOS -- A group of residents in Rancho Pe?asquitos is sounding the alarm about a trio of dense developments that could add 1,500 housing units within 1.5 miles of each other.The group, called PQ-NE Action, notes the northwest part of Rancho Pe?asquitos only has one road in and out. They are raising concerns that the road could not handle the influx in the case of an emergency, such as a wildfire evacuation. "We fully understand things are going to change, but not change to a point where the neighborhood becomes threatened from a safety standpoint," said Junaid Razvi, a 40-year resident and spokesman for the group. RELATED: San Diego's top neighborhoods to get more rental space for the moneyCurrently, Lennar is building the 600-unit Pacific Village complex just east of Carmel Mountain Road. Two more could be on the site of the Hotel Karlan, which shut down Dec. 31. The hotel portion of the property could be rebuilt into as many as 370 homes. The Encinitas-area development company that owns it did not respond to requests for comment. Meanwhile, Lennar is proposing to build more than 530 new housing units on the hotel's old golf course.PQ-NE Action is now calling on Councilman Mark Kersey to step in. "They are moving fast on this, and so we would like to see a pause," Razvi said. RELATED: Making it in San Diego: Changing market could mean opportunity for entry-level San Diego homesIn a statement, Kersey said he understands the concerns and hopes the property owners will work with the community to address them.A spokeswoman for Lennar says the company will do exactly that as part of the approval permitting process. 1661

Researchers have determined there are five kinds of cat owners, when it comes to their feelings about their felines roaming and hunting outside.Outdoor cats can be a danger to birds, rodents and small reptiles, and also create dangers for themselves from disease, larger predators and traffic.Researchers at the University of Exeter in the United Kingdom are trying to bring awareness to the downsides of cat outdoor roaming and the impact on wildlife, and published part of their ongoing study. They note that several attempts have been made to address the issues, including reducing the cat population, regulating ownership and restricting feline outdoor access.“Such proposals rarely account for cat owners’ perspectives, however, and are frequently met with strong, principled opposition,” the study’s authors wrote.They found cat owners fell into five “types”:Concerned Protectors focus on cat safety. They are most worried about their pet’s safety outside and would feel guilty if the cat died while roaming. They are likely to keep their cats inside most of the time if not permanently.Freedom Defenders prioritize cat independence and natural instincts, “like a wild animal,” and oppose restrictions on behavior. They believe keeping cats inside is cruel, and that any of the risks of being outside are outweighed by the benefits. They generally are not bothered by their cat’s hunting and some expressed pride in their pet’s hunting abilities.Tolerant Guardians believe outdoor access is important for cats but dislike their hunting and are more likely to bring their cat inside at night. Generally, this group of cat owners try to rescue prey captured by their cats, accepting that their pet is a “carnivorous wild creature” while saving all wildlife.Conscientious Caretakers feel some responsibility for managing their cats’ hunting. They are worried about their cat’s roaming, and the impact on birds and other smaller creatures. This group generally believes cats require outdoor access, but are not opposed to confinement. They are open to hunting-control measures that owners can take.Laissez‐faire Landlords were largely unaware of the issues surrounding roaming and hunting behavior. This group generally is concerned their pet may be stolen, get killed in traffic or get lost if outside roaming. They also have never thought about the effect their cat has on wildlife outside. They also believe belled collars are an effective way to manage their cat’s hunting.The large majority of study participants also felt that cats should be allowed outside at least some of the time. The study’s authors note that four of the five groups viewed hunting to be negative and may be open to more information about how to limit their pet’s predation.They recommend policymakers stay away from “blanket restrictions” and instead work with cat owners on strategies. “Identifying, refining, and promoting viable management tools and alternatives may be a more constructive approach to resolving this issue than regulation,” the study concludes. 3053

QUEENS, NY — The childhood home of President Donald Trump in Queens, New York is reportedly for sale. A real estate agency is asking Trump supporters to donate to help purchase the five-bedroom, five-bathroom home, to show their “love.”“Love Trump? Thank President Trump by contributing to this campaign to buy his childhood home in his honor!” a GoFundMe page reads.The Tudor-style home along Wareham Place failed to sell at auction last year, and is listed for sale. Paramount Realty USA started the GoFundMe page to raise donations, with a goal of million. As of Monday morning, they had around ,500.“We are raising funds to buy President Trump's childhood home for him, or a charity of his choosing, as a token of appreciation. What happens to the historic property is up to him!” the group states in the description of their fundraiser.The group lists possible uses for Trump’s childhood home, including as a presidential library, national historic site, trophy property or house of worship.In September 2016, President Trump told tv host Jimmy Fallon “that’s really sad looking at that, I want to buy it, I want to buy it,” when Fallon informed the president his childhood home was for sale and showed images of it.According to Paramount Realty, the home sold in 2017 for about .14 million. For a brief time, Airbnb listed the home as available to rent for roughly 0/night after the 2017 sale. Online home listing sites have details of the home, now for sale again, including images of the interior of the home with what appears to be a cut-out of President Trump. The home appears to be listed for .9 million.Trump lived at the home from birth to around age 4, when his family moved to another home adjacent to the Wareham Place property. 1765

President Donald Trump's son-in-law and senior adviser, Jared Kushner, had his White House security clearance restored Wednesday, a person familiar with the matter said, after months of uncertainty stemming in part from his role in the ongoing investigation by special counsel Robert Mueller.Kushner was stripped of his interim clearance in February amid an overhaul of procedures governing access to the nation's most sensitive secrets following the resignation of Rob Porter, the President's staff secretary, who had been allowed to remain in his post for months despite allegations of spouse abuse.The Mueller probe has also hung over Kushner's status in the White House, in part because some of the matters under investigation relate to his role during the campaign and the transition, including contacts with Russians, as well as events that occurred in the early months of the Trump presidency, such as the firing of former FBI Director James Comey.In April, Kushner met with Mueller's investigators for a second time and answered questions for seven hours, according to his attorney, Abbe Lowell. He had previously sat for an interview last November that was largely focused on former national security adviser Michael Flynn, who soon after pleaded guilty to charges of making false statements to the FBI.White House officials have blamed the delay in Kushner receiving his security clearance on administrative backlogs normal to a new administration, as well as the complicated nature of his application. But Kushner's troubles were compounded at least in part because his initial security clearance application didn't list dozens of foreign contacts that he later included in updated submissions to the FBI.Kushner's initial SF-86 form did not mention any foreign contacts, though he quickly supplemented it to indicate that he would provide that information. He updated the form in the spring, listing about 100 contacts, but did not mention the June 2016 Trump Tower meeting he attended with Russian lawyer Natalia Veselnitskaya, Donald Trump Jr., and former Trump campaign chairman Paul Manafort. Kushner updated the SF-86 forms once more in June to include that meeting. 2191