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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) - In an effort to accelerate hiring and training of more border officer, National Guard members were deployed Tuesday to ports of entry along San Diego County's border with Mexico.In total, 24 National Guard troops joined Customs and Border Protection personnel at Port of San Diego, and ports of entry in San Ysidro, Otay Mesa, Tecate, and Calexico.They will not be taking part in any enforcement activities, according to CBP, instead, helping in surveillance support and operations. The deployed troops will not be armed.RELATED: Border Patrol officials discuss National Guard deployment to US-Mexico borderUp to 106 additional National Guard troops may be sent to the ports of entry in the coming weeks, CBP added."The contribution of the National Guard will undoubtedly improve our effectiveness at the ports of entry by enabling those officers to focus on enforcement activities," Pete Flores, CBP Director of field operations for San Diego, said. "We look forward to working collaboratively to further our national security mission."CBP says the additional troops will allow border personnel to focus on securing areas of the border against drug, weapons, and human smuggling. 1247
SAN DIEGO (KGTV) - IKEA is recalling a type of candy sold at certain stores in California, including the San Diego location in Mission Valley.The Godis P?skkyckling marshmallow candy may be contaminated. The chain did not immediately release the source of the possible contamination but said the health risk is low.IKEA said the candy is a seasonal product and only 400 bags have been sold since it became available in February.If you bought the candy, you may return it to the nearest IKEA store for a full refund. 523
SAN DIEGO (KGTV) — Just as he begins his campaign to become San Diego's next mayor, Assemblymember Todd Gloria was fined for violating the Political Reform Act.According to the California Fair Political Practice Commission, Gloria, "failed to timely file a Candidate Intention Statement prior to receiving contributions to his candidate-controlled committee, Todd Gloria for Assembly 2020."The FPPC fined Gloria 0. They say Gloria paid that fine.RELATED: Poll: Gloria pulls early lead in San Diego mayoral raceSan Diego, at last, has Republican candidate for mayorSan Diego's top Democratic mayoral candidates square off in debateAccording to the California Secretary of State's website, before raising any campaign funds, state candidates file "Statements of Intention" to run for a specific office. Candidates can file Statements of Intention for more than one office.Gloria's signed statement of intention shows the state received it on Aug. 13, 2019. That's after the campaign committee was opened and filed a "Recipient Committee Campaign" statement.In August, officials with the California Fair Political Practices Commission told 10News Gloria called FPPC Enforcement and self-reported.A spokesman for Gloria said they look forward to the final resolution of the matter: "Assemblymember Gloria agreed to this settlement to resolve any and all outstanding issues regarding the filing of his Form 501."Earlier this week, Gloria tweeted he officially pulled nomination papers to run for Mayor of San Diego in 2020, writing, "I'm ready. Let's do this." 1566
SAN DIEGO (KGTV) — It's already been one year since the San Diego Zoo Safari Park saw the first southern white rhino born through artificial insemination arrive at its park.Edward turned one-year-old on July 28, celebrating with a party at the San Diego Zoo Safari Park’s Nikita Kahn Rhino Rescue Center with his mother Victoria, 8-month-old female calf Future, and her mother Amani."Even though he doesn’t know it’s his birthday, it is very special to see Edward – a healthy, robust rhino - running around, enjoying his special treats," said Barbara Durrant, director of Reproductive Sciences at San Diego Zoo Global. "We aren’t just celebrating his birthday but also are celebrating the significance of his birth."Edward was born last year after hormone-induced ovulation and artificial insemination with frozen semen from southern white rhino Maoto on March 22, 2018. Victoria gave birth 16 months later. Edward's birth was the zoo's first successful attempt to birth a southern white rhino via artificial insemination and a critical step toward recovering its distant cousin, the northern white rhino. Currently, only two northern white rhinos exist in the world and both are female.Researchers believe that a northern white rhino calf could be born from artificial insemination within 10 to 20 years. 1313