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Escalating tensions with the United States may put China's trade war arsenal to the test.During a dizzying week in which the world's two largest economies exchanged threats of heavy tariffs, Beijing has insisted that it's ready to wage a trade war "to the end."President Donald Trump upped the ante late Thursday with a threat to slap tariffs on a further 0 billion of Chinese exports. That prompted the Chinese government to warn it's willing to take "new comprehensive measures" in response. 504
Experts say those feeling the pain of the financial crisis the most are millennials. The generation has missed major milestones that past generations enjoyed in their 30’s and 40’s as a result of dealing with two major financial crises over the past decade.However, it may not be all gloom and doom for millennials. The economic cycles the generation has experienced early on could lead them to understand the economy and markets better, potentially leveraging that to greater future gains.Many millennials graduated and entered the workforce during the 2008 Great Recession. They were just hitting their prime, and then, this pandemic and a second major financial crisis hit.“It just feels not only like we can’t catch a break, but we can’t even get started without something coming along and taking away a lot of what we worked for,” said Erin Lowry.Erin Lowry is an author and wrote the books “Broke Millennial” and “Broke Millennial Takes on Investing”.“The big thing to consider for your financial future is this will be temporary,” said Lowry. "We are going to get through this just like we got through ’08.”Surveys conducted by the Urban Institute show at least 1 in 3 millennials are struggling financially right now, and millennials as a whole have less acclimated wealth at this stage in life than the prior generation. To change that, even during this recession, Lowry believes there are a few key things millennials can do.“You do want to think about doing, and I hesitate to say it like this, but the least damage currently,” said Lowry.She recommends minimizing the amount of debt you may need to take on to get through this economic downturn. Also, protect your credit scores as much as possible by making on-time payments.Pay the minimum if needed or contact your lenders to work out agreements that will not show missed payments on your credit report. In the future, you’ll want a healthy credit score to be able to qualify for mortgage loans or auto loans at a lower interest rate.Lastly, try to still contribute to your retirement plan even if it’s a little bit. If you are in a position where every penny counts right now, think about a time in the near future when you can start to again invest. That is important because, historically, the market will rebound.To recover on a better financial footing, you want to buy when the market is low, or down, and reap the gains as the economy recovers.“After 2008, we went on to have one of the longest bull runs in stock market history,” said Lowry. "We don’t know what is going to happen after the coronavirus recession, but you don’t want to miss out on potentially huge returns.”The possible advantage of going through two recessions early in life may be a better understanding of the economy and a stronger desire to understand the market, along with learning how to use the downturn as an opportunity for future gains. 2896

ESCONDIDO, Calif. (KGTV) - A young San Diego security officer says she faced retaliation after reporting sexual harassment to her employer, Escondido’s Palomar Medical Center.She spoke exclusively with 10News about her experience. The hospital will not discuss the details with 10News, but reports it takes matters like this seriously.The woman and her attorneys are now suing the hospital and the supervisor who she accused of sexual misconduct.10News was asked to withhold the identity of the woman who filed the sexual harassment claim.In a recent emotional interview, she said, “I'm helping my dad with my sister so if I lose my job [I] don't see how I’ll be able to financially support my family.”Attorney Anna Yum with Gilleon Law Firm is representing the woman. Yum told us, “Every worst nightmare that she could have anticipated [has] happened.”Yum said the woman was working as a security officer at Palomar Medical Center when her supervisor kissed her, but it was not welcomed.Yum added that the supervisor is a former police officer who is nearly twice her age. Yum’s client told us, “He said, ‘Just please don't say anything. I’ll be sure that you get that lead position that you applied for.’”The woman explained that she agreed and told him, “I won't say anything,” and, “Just, please. I want to leave.”She said she did not report it at the time because she was concerned about retaliation. She was promoted, but said he continued to make her uncomfortable with his comments and would hug her on several occasions.Due to her anxiety and stress, the lawsuit reports she took a medical leave of absence. Late last year she claimed he tried to kiss her again.“He told me, ‘If you do go to HR, I'll make sure you lose your job.’ Now that I’m experiencing all this with HR, it's like surreal,” she added.She reported the harassment in a letter to HR on February 15th, 2018, she told us. Yet she said it wasn’t until almost two weeks later that HR opened an investigation into the matter.By that time, she hired Yum as her lawyer and wanted Yum present at her meetings with HR. However, Yum claims that HR refused to let her have an attorney present for the meetings.HR reportedly wrote to her on March 27th, 2018, reiterating that the hospital “would have to conduct the investigation without [her] input, which is obviously not preferred.”According to Yum, “They said, ‘Well, we couldn't corroborate because [the client] refused to cooperate with us,’ which is the furthest thing from the truth.” The letter goes on to explain that since she refused to do an interview without her attorneys, HR, “…concluded the investigation without [her] input."Yum says her client was then notified that she was getting demoted under the false pretense that it was her client's idea to step down, not the hospital's idea.Yum says that continued retaliation unfolded. Her client tells 10News that on March 30th, 2018, she received a letter from HR placing her on immediate investigatory leave so the hospital could “review an alleged security incident” from three days earlier while she was “on duty as the lead security officer”.Yum has called it a sham investigation. She says her client knows nothing about a security incident that happened on her watch.“This is so classic. This is exactly why women don't want to come forward,” Yum told us. Yum and her client are now suing the hospital for sexual harassment and retaliation, among other complaints.They're also suing the accused harasser, who we are not naming, as he has not been charged with a crime. Both he and the hospital declined our interview requests.A statement from Palomar Medical Center reads, “Although Palomar Health cannot comment on pending legal matters, please be assured that we take all complaints of discrimination in the workplace seriously, including the complaint at issue. We are also not at liberty to discuss any of the details of our investigations into workplace misconduct due to the privacy rights of the employees involved.”“They don't want to have anything to do with me, I feel. I feel like they've already chosen their side and their truth,” Yum’s client told us. She has since accepted a security position at another San Diego hospital, but says it’s a pay cut from what she was making at Palomar Medical Center. 4324
ESCONDIDO, Calif. (KGTV) — Similar to other venues around the county, the California Center for the Arts, Escondido, is bringing its own set of free summer tunes to residents.CCAE debuts its free summer concert series, Hidden City Sounds, in June. The series of shows this season will feature different genres of music from week to week, food trucks, inflatables, and a bar for listeners.Concerts will take place every Friday, from June 7 to Oct. 4, at the center's Lyric Court, an outdoor space featuring nighttime lighting that leads into the campus' concert hall.Bands set to take the stage at the center include:June 14: The SleepwalkersJune 21: Sue Palmer & Her Motel Swing OrchestraJune 28: Banda Reyna Del RioJuly 5: UpstreamJuly 12: Bettman & HalpinJuly 19: Roann Ro Mesina's SynergyJuly 26: Bulevar DescargaAug. 2: Darryl WilliamsAug. 9: Sara PetiteAug. 16: Changüí MajaderoAug. 23: KiyoshiAug. 30: Jarabe MexicanoSept. 6: The Redwoods RevueSept. 13: Strings of ThoughtSept. 20: Darling GreatlySept. 27: Southern ScratchOct. 4: Gunhild CarlingPaid reserved seating is available for concerts. Early arrival is recommended for either free or paid seating. For more information, visit the center's website here. 1233
ESCONDIDO, Calif. (KGTV) - Escondido Police announced Saturday the arrest of a 13-year-old boy in a case involving Xanax overdoses at Rincon Middle School.Six children aged 11 to 13 years were found to have taken the anti-anxiety drug at lunch time on October 25.Three of the children required emergency medical treatment. All six have since recovered with no lasting effects.RELATED: Juveniles hospitalized after taking XanaxEscondido Police arrested the juvenile suspect Monday after an investigation. The boy is charged with selling or distributing narcotics or illegal substances. He is in the custody of his parents. 635
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