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Proponents of the SDSU West and SoccerCity initiatives both say they'll turn the SDCCU Stadium site into something beautiful. But two new memos from the city attorney Mara Elliott's office say those developments, even if approved by voters, aren't guaranteed. 288
President Donald Trump warned Tuesday that the US would "totally destroy North Korea" if forced to defend itself or its allies."The United States has great strength and patience, but if it is forced to defend itself or its allies, we will have no choice but to totally destroy North Korea," Trump said during his first address to the UN General Assembly."It is time for North Korea to realize that its denuclearization is its only responsible future," Trump said. 471
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
President-elect Joe Biden and his wife, Dr. Jill Biden, will receive an initial dose of Pfizer's COVID-19 vaccine in their home state of Delaware on Monday according to Reuters and PBS.Vice president-elect Kamala Harris will also receive the vaccine later this month, the outlets report.Biden said earlier this week that he would receive the vaccine "sooner rather than later," adding that he didn't want to "get ahead of the line, but I want to make sure we demonstrate to the American people that it is safe to take."It's not yet clear whether Biden would receive his vaccination in a live TV broadcast, as Vice President Mike Pence did on Friday morning.Three other former presidents — Barack Obama, George W. Bush and Bill Clinton — have all independently agreed to be vaccinated in a public setting to instill confidence in the vaccine's safety to the public.This story is breaking and will be updated. 915
Red Sox pitcher Eduardo Rodriguez is done for the season, following complications from a condition he suffered from the coronavirus. He was diagnosed in early July with the coronavirus.He was set to return to the team by mid-month, however a health screening discovered a heart condition that will sideline Rodriguez for the 2020 season. Rodriguez is 27 years old.The condition is called myocarditis, when the heart becomes inflamed. Inflammation of the heart muscle was recently identified in two studies looking at lingering health effects in coronavirus survivors.Rodriguez did not experience chest pain or any symptoms, according to multiple media outlets.The condition was revealed during an MRI to check his heart following COVID-19.He said the experience was eye opening, but that having a mother who is a nurse has helped put his mind at ease.“The heart is the most important part of your body, so when you hear that — the first time that I heard it — I was kind of scared,” Rodriguez told Mass Live on July 26. “Now that I know what it is, it’s still scary, but now I know exactly what it is. Just talk to my mom, talk to my wife, they know what I have and everything. Now we just gotta take the rest. That’s hard, but you gotta take a rest.''According to the Mayo Clinic, “Myocarditis is an inflammation of the heart muscle (myocardium). Myocarditis can affect your heart muscle and your heart’s electrical system, reducing your heart’s ability to pump and causing rapid or abnormal heart rhythms (arrhythmias).”Rodriguez’s doctors told him that 10-20% of people who have had COVID-19 also have been diagnosed with myocarditis, according to the Associated Press.Rodriguez previously said that his bout with the coronavirus had left him feeling “100 years old” and that it took him about 10 days before he was able to do any light throwing.He said he’s currently not experiencing any COVID-19-related symptoms. 1927