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SAN DIEGO (KGTV) - The International Olympic Committee and Japanese government made an historic announcement Tuesday to postpone the 2020 summer Olympic games in Tokyo due to the coronavirus.Tuesday, Japanese Prime Minister Shinzo Abe confirmed on Twitter that the Tokyo Olympic and Paralympic games have been delayed until no later than summer 2021.The announcement left several San Diegan Olympic hopefuls dashed of any immediate Olympic dreams."It's kind of hard to wrap your head around it because you have been training so long for this one moment," Allison Halverson said back in Februaray.Her tone changed Tuesday."I was kind of like, 'Ok. That's good to know.' Now I can kind of refocus and figure out how to train for that," Halverson said.Swimmer Michael Chadwick says the lack of open pools is sidelining any training, making competition right now even less of a possibility."Too much has happened too quickly for us to really understand what the ramifications of it all are," Chadwick said. "We as athletes cannot expect to make a push right now, physically, it's just impossible. Especially with not having a pool open."A new date for the postponed games has not been announced. 1199
SAN DIEGO (KGTV) -- The conference and convention industry has been hard-hit by the pandemic.With limitations on gatherings and worry about health, most of the in-person part of the industry came to a standstill."COVID-19 has made this year an extraordinarily challenging and unpredictable year," said President and CEO of the San Diego Convention Center Rip Rippetoe.By Rippetoe's numbers, from March through the end of 2020, they'll have lost more than 100 events at the convention center.Rippetoe said the estimated financial loss to the San Diego region is more than one billion dollars."It doesn't just include us," said Rippetoe. "There are restaurants, hotels, attractions, retail. All the things that people may not realize are affected."It's the same problem for spots up and down the state and across most of the country."We have had zero conferences, I believe since March," said Madonna Inn Marketing Manager Amanda Rich.The Madonna Expo Center in San Luis Obispo can hold around 2,000 people, and prior to COVID-19, they hosted multiple events a week."It's been a huge change for us and our staff," Rich said. "We have a banquet staff that's here specifically for those expo events, and we haven't had any."Virtual EventsWhile in-person locations have suffered, for many conferences, the show still goes on, virtually."A virtual event is not here to replace an in-person event," said Jonathan Kazarian, founder and CEO at Accelevents. "It's not intended to even be modeled exactly like that. A virtual event is its own beast and its own opportunity.”Kazarian said his virtual event platform helps build opportunities for exhibitors to interact with attendees, ways to facilitate all those presentations virtually, and also helps to bring people together."We're working with a lot of software companies now that do these user conferences that maybe in the past they've spent this massive budget on hosting this event once a year and now for a fraction of the cost they can come in and host that event and with the click of a button re-do it month after month,” he said.Kazarian explained that virtual turnout for some companies has been higher than what they were used to seeing in person.But can the event really be the same? 2246

SAN DIEGO (KGTV) -- The cost of living in San Diego has become more burdensome over the last year, according to a new report from the Bureau of Labor Statistics. The bureau says that while prices fell 0.3 percent between May and July of this year, prices for consumer goods have risen 1.4 percent over the last 12 months. The cost of housing is up more than three percent since this time last year while food prices rose by a little more than one percent. Nationally, prices for consumer goods are up nearly 2 percent year-over-year. Also year-over-year, the price for fuel and utilities has risen by more than 6 percent, according to the bureau. 656
SAN DIEGO (KGTV) — The holiday season will be bright and alive with the sounds of bands and cheers this season.Several parades will return to San Diego in the next month, from the traditional Mother Goose Parade in El Cajon to the seasonal wrap-up with the Holiday Bowl Parade.And in between, even more festive entertainment across the county, as floats, marching bands, vintage cars, and performers get communities excited for the holidays.RELATED:Skate away on one of San Diego's outdoor ice rinks this holiday seasonSan Diego holiday tree lightings to catch this seasonTurkey trots, holiday runs in San Diego this seasonNov. 2473rd annual Mother Goose Parade: El Cajon's annual Mother Goose Parade hits the streets at 1 p.m., following Main Street from El Cajon Blvd. to 1st Ave. Each "Chapter" of the parade brings several floats and bands down the parade route for onlookers, all leading up to Santa's arrival.Dec. 6Coronado Holiday Parade: Coronado rings in the holidays with their annual parade at 6 p.m., with festival floats and performers making their way down Orange Ave., bringing Santa to the town's Christmas tree for a special lighting ceremony.Dec. 7Chula Vista Starlight Parade: Chula Vista's Starlight Parade begins at 5 p.m., as Third Avenue hosts vintage cars, marching bands, dancers, and more to kick off the holiday season in the South Bay.Encinitas Holiday Parade: For the 62nd year, Encinitas will see thousands gather to watch cars, floats, and marching bands head down Coast Highway 101 during the Encinitas Holiday Parade at 5:30 p.m. This year's theme is "Encinitas on the Move!"Ocean Beach Holiday Parade: OB's holiday parade kicks off at 5:05 p.m. on Newport Ave. under this year's theme of "Miracle on Newport Ave.!" Floats will also compete in categories for best lights, unusual float, and OB spirit!Dec. 8North Park Toyland Parade: Holiday magic comes alive at 11 a.m. in North Park as their annual Toyland Parade brings a display of festival bands, floats, and cars down University Ave., between Utah and Iowa Streets.La Jolla Christmas Parade: La Jolla celebrates the magic of Christmas starting at 11 a.m. during their annual Christmas Parade, this year under the theme "Christmas on the Moon." The parade will travel down Girard Ave. and Prospect St.San Diego Bay Parade of Lights: Boats dressed in lights and colorful decorations will glide along the San Diego Bay Parade of Lights before thousands of onlookers beginning at 5 p.m. each night. This year’s theme will be Comic-Con on the Bay.Dec. 14Mission Bay Christmas Boat Parade of Lights: Dozens of boats in their best holiday decor will hit the waters of Mission Bay for their own special parade beginning at 6 p.m., traveling between Vacation and Fiesta Islands.Oceanside Harbor Parade of Lights: Oceanside has its own celebration of the holidays on the water, as their Parade of Lights brings boats dressed in colorful lights and decorations to the harbor beginning at 7 p.m.Dec. 15Gaslamp Holiday Pet Parade: Pooches and felines will deck the paws in the Gaslamp District, as the annual Holiday Pet Parade makes its way down Fifth Ave. under the Gaslamp archway starting at 2 p.m.San Diego Bay Parade of Lights: (Second running) Boats dressed in lights and colorful decorations will glide along the San Diego Bay Parade of Lights before thousands of onlookers beginning at 5 p.m. each night. This year’s theme will be Comic-Con on the Bay.Dec. 26San Diego Holiday Bowl Parade: America's largest balloon parade returns to San Diego, as the Holiday Bowl Parade invites more than 100,000 out to watch marching bands, floats, drill teams, and, of course, balloons starting at 10 a.m. 3685
SAN DIEGO (KGTV) — The Federal Reserve's decision to lower its key interest rate to near zero will help some San Diegans, but frustrate others.The Fed reduced its Federal Funds Rate to near zero for the first time since the Great Recession of 2008. The move, in reponse to the Coronavirus outbreak, will help keep auto loan rates low and mortgage rates near historic lows. It will also, however, lower earnings from interest bearing savings accounts. Greg McBride, chief financial analyst for Bankrate, predicted the economy to go into a recession, but said the low borrowing rates would help jump start spending once activity picks up again. "Coming out of that, one of the things that's going to give the economy a boost to recover from that will be these brutally low interest rates that entice consumers and businesses to resume borrowing and spending," McBride said. "Somebody concerned about losing their job is not going to go to go out and buy a car."Mortgage rates are already extremely low, with the average rate for a 30-year fixed is 3.36 percent. Still, that's above the all-time lows reached earlier this month, when the Federal Reserve made its first emergency cut. Mark Goldman, a loan officer for C2 Financial Corp., said there has been a rush to refinance since that earlier drop — a big reason why rates did not fall deeper."There's so much refinancing business going on right now that lenders can't stand a lot more business, so they price accordingly," Goldman said. Still, those mortgages rates will remain low as San Diego County enters what's typically its peak home buying season. 1613
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