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SAN DIEGO (KGTV) - Home sales in San Diego County accelerated in July after declining on an annual basis for more than a year.New data from real-estate tracker CoreLogic shows 3,988 home sales in July, up 10.1 percent from July 2018. That marks the first time since April 2018 that home sales in the county did not decline on an annual basis, when seasonal factors do not impact the data. Meanwhile, the median price for a home sold in the county remained flat over the year at 0,000. In June, the average rate for a 30-year-fixed mortgage fell to 3.8 percent, according to Freddie Mac. That was the first time the rate was below 4 percent since Dec. 2017. It ticked down even lower in July to 3.77 percent. Mark Goldman, a loan officer with C2 Financial, said the lower rates likely helped people increase their buying power by 2 to 3 percent. "That same house is going to cost a little bit less, and help you afford more," he said. "A lot of times when market gives you something like lower rates, the market takes it back in the form of higher prices, and we’re not really seeing that."Goldman said there is less speculation in the market due to concerns that it has leveled off. Still, the median price of 0,000 is pricing people out of the county. For instance, Daniel Obrzut, who grew up in San Diego, bought a three bedroom home in Menifee, in southern Riverside County, for 0,000, where he is raising two daughters. He couldn't find anything similar locally."You're getting houses built in the 1960s, 1970s for 0-0-0,000," he said. "Just couldn't beat it, or it would be three quarters of a million or a million dollar house down here."San Diego County's 10 percent increase in sales activity was the highest in Southern California in July. 1775
SAN DIEGO (KGTV) -- Health experts in San Diego County said Wednesday flu season appears to be at its end, according to the County News Center. The news came after the county released the latest flu numbers. So far this season, 341 people have died from the flu including two new deaths reported over the last week.Those who died ranged in age from one to 101.The high number of deaths this season is a result of an unusually severe flu season, but was also due to better reporting and tracking, County Health and Human Services reported.“It appears that we’re at the end of this flu season,” said Wilma Wooten M.D., M.P.H., County public health officer. “However, people should continue to take precautions to avoid contracting the virus.”In total, more than 20,000 lab-confirmed flu cases were reported this flu season compared to just over 5,400 the previous year. 880

SAN DIEGO (KGTV) — Hundreds of thousands of San Diego County workers are facing the prospect of fewer hours, lower paychecks, and even job loss.The workers are in the retail, leisure, and hospitality fields, which in all employs more than 350,000 workers in the region. The squeeze comes as restrictions increase related to the coronavirus, including a 30-day travel ban from Europe, a county ban on events of 250 or more people, and cancellations of major conventions. RELATED: San Diego County announces five new coronavirus cases, bans large gatherings"There's not going to be customers, sales are going to go very low, and I'm concerned just how long is this going to last?" said Sara Long, a server at downtown's Cold Beers and Cheeseburgers. Long said hours have been as fewer customers come in. She noted that a convention happening at the convention center that was supposed to attract 8,000 people only saw a fraction of those attendees. John McKlosky was one of those attendees, lamenting the shell of the Fiber Optic conference he attends annually. RELATED: What's been canceled, postponed in San Diego, nationally due to coronavirus"I walked in and was practically the only person standing on the carpet," McKlosky said. "I've talked to restaurant owners, hotel owners, even the Uber drivers that are running me around. They're devastated."Already, five conventions through May have postponed or canceled, meaning 43,000 potential customers won't be coming downtown. The quick drop off of overnight guests is impacting more than just hotels in downtown, but also lodging in surrounding areas that get a spill over. RELATED: Disneyland, California Adventure to close through March due to coronavirusElvin Lai, who owns the Ocean Park Inn in Pacific Beach, said he is normally at 100 percent capacity at this time of year but is now around 20 percent. He also hasn't filled 10 positions he normally would. Lai reacted with shock at President Trump's announcement of the 30-day ban of travel from Europe. "My head exploded," said Lai, also the president of the San Diego County Lodging Association. "I can't speak for them but the San Diego airport is seeing major drops in travel coming to town. That doesn't help."RELATED: San Diego casinos not gambling with coronavirus safetyAndy Hall, an executive at the San Diego Workforce Partnership, said the agency is cross-training workers as they expect more layoff notices to come in. 2449
SAN DIEGO (KGTV) -- Despite record unemployment levels in California, the state's economy keeps turning, partly on the backs of the small businesses that have been able to stay afloat. However, six months into the COVID-19 pandemic we’re seeing how some businesses that were forced to shut down to prevent the spread of the virus won't reopen."We've had to pivot and shift, almost call audibles in the middle of what's going on to try to keep our businesses open," said Derrick Banks, owner of Freshly Faded Barber Shop.Banks has been in business for about seven years.He said beyond the haircut, there's something special about the conversations that take place while at the shop."If you see my barber cape, it says ‘Love thy homies’ on it," Banks said. "I feel like every person that gets in my chair becomes a friend eventually."Banks said back in March when businesses were initially forced to close, it's those close conversations and connections to the community that took the biggest toll. That and trying to keep up with an ever-changing series of rules and health and safety standards."We've had to pivot back and forth between cutting hair outside, cutting hair inside, having these safety precautions," he said. "One day we're allowed to be opened, and the next day we're not."While Banks has been able to stay in business, he has only to look down the street to see others who didn't make it."Just in a two-mile radius of this shop, there have been two barbershops that I know of that have permanently closed," he said.Banks said there's no playbook for how to get a business through a pandemic. He understands the importance of small businesses in the community and believes those running them need to do what's best for them."I'm not in a position where I can hope for anything," he said. "I have to have a clear plan, but I am optimistic."The EconomyYou can find empty storefronts in cities across California. But what does it mean for the state's economy?"California is suffering like the rest of the country," said Alan Gin, an economics professor at the University of San Diego. "We had a surge in terms of our unemployment rate. It's come down but still much higher than before the pandemic."Gin said the service and leisure industries have been the hardest hit.According to the California Employment Development Department (EDD), the state's unemployment rate improved to 11.4 percent in August as the state's employers added 101,900 jobs.In July, the state's unemployment rate was up at 13.5 percent.The state agency says Leisure and Hospitality posted the largest industry job loss in August (-14,600), and 561,900 of the sector's 633,000 year-over job losses have occurred since March 2020.Despite the record unemployment, Gin said California has lot of high-tech and business service jobs that can work remotely. It means many higher-paying industries didn't have to shut down.His worry is about the growing financial inequality."It was already bad in this country, but now it's likely to be even worse as a result of this," Gin said.Gin also noted that help from the federal government and unemployment benefits paid out by the EDD has also helped keep California's economy turning.EDD said it processed more than 13 million claims and distributed more than billion over the course of the pandemic.It's important to note last week, the EDD announced it's taking a two-week reset period. The goal, they explained, is to clear the massive backlog of unemployment claims that have been filed over the past six months. An EDD strike team found 600,000 California workers still haven't received the benefits they applied for.Reporter Adam Racusin asked Gin if California's economy can survive another six months of the current conditions."I think an important aspect is whether or not another stimulus package can be passed," Gin said. “I think some more relief is needed. The worry is that with the cutoff of unemployment that the people at the lower end, who are being kept afloat, are going to fall off a cliff." 4047
SAN DIEGO (KGTV) - Families across the San Diego region are continuing to battle record high home prices and rents.But there are now several plans in the works to boost supply - and hopefully bring prices down."There's no magic bullet, no magic wand," said Rick Gentry, who heads the San Diego Housing Commission. "I don't see there's one solution. There are a host of solutions that we can bring to bear that over time will reduce the problem."Jimmy Ayala, who heads Pardee Homes of San Diego, says the biggest change that could lower prices is reducing the time it takes to get permits. He says builders can work impact fees into their budgets, but over-regulation and delays from community opposition adds costs to projects that cause some developers to shy away.FULL COVERAGE: Making It in San Diego"If you start on this day and perhaps you end on a more certain date, then more people would enter the industry, more people would enter the market, we'd eventually get more homes," Ayala said, noting that Pardee's 415-home master plan community in Santee called Weston took 10 years for approvals.Local and state governments appear to be on board. The city of San Diego is now offering density bonuses and streamlined review for some projects. It also is encouraging builders add more, smaller units in the same building, with less parking requirements. The county is exploring other options to reduce hurdles to development.That, however, is adding to some San Diego neighborhood group concerns about overdevelopment."My group and my associates just want to see it remain a nice place to live," said Tom Mullaney, who heads Uptown United. "We think we can do that with lots of new development and lots of new housing, but we can't do it if our city government is going to throw out the rule book."Additionally, the San Diego Housing Commission is now able to help finance apartment projects with units for middle income earners, according to a new state law."The challenge for us is how do we develop lower than market rate product for this new customer base without taking away from the customer base that we've traditionally served," Gentry said, noting turnover has dropped drastically at its 3,400 affordable apartments in San Diego.Mark Goldman, a real estate lecturer at San Diego State University, said it would take decades to really balance out supply and demand. But he said any assurances could ease risk for developers who may not want to get involved."You don't know when you're going to get that potential profit dollar," he said. "So yes, time is money." 2622
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