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Even with millions of unemployed Americans amid the worst pandemic to hit the US in a century, the Dow Jones Industrial Average has nearly fully recovered from its record-high levels in February.For the first time since Feb. 20, the Dow Jones closed above 29,000 on Wednesday, finishing the day at 29,100.The Dow Jones has historically had a 7% growth rate a year, and it’s possible the Dow could still finish the year on track. That comes after the Dow bottomed out in March at 18,591.While the Dow Jones has seen a recovery, many Americans are still feeling the pinch from the coronavirus. The unemployment rate remains above 10%, which is more than double the pre-pandemic unemployment rate.The economic news has continued to be dire as major companies, such as MGM and United Airlines are planning on furloughing or laying off employees.Whether the economic woes on Main Street eventually affect Wall Street remains to be seen, but President Donald Trump took credit on Wednesday for the Dow Jones’ figures. 1019

ESCONDIDO (KGTV) - In one of the closest races this election cycle in San Diego County, Escondido Mayor Sam Abed added nine votes to his narrow lead Tuesday. He now holds a 29-vote advantage over challenger Paul McNamara.Abed is seeking a third term as mayor, first winning in 2010. He was previously a councilman from 2004-2010.Political analyst John Dadian told 10News he did not anticipate the race being so close. "I did not see it coming, so I am suprised. Going into the last week of the campaign, all the people I talked to that really know that area well, they did not see this coming."Dadian feels several factors are playing a role in tightening the race. He cites changing demographics in Escondido, pulling away from the city's long-time conservative majority. Another conservative incumbent, Ed Gallo, appears to be losing his seat, as well.In addition, Democrats in the region had a large turnout, based largely on the unsuccessful effort to oust Congressman Duncan Hunter. That large turnout may have had a down-ballot effect on the mayoral race.Dadian also sites Abed's controversial stance on immigration, leading Escondido's bid to support efforts against California's sanctuary laws and visiting the White House for a highly-publicized meeting with President Trump. Dadian believes that may have helped enthuse opposition against Abed.As of Tuesday night, Registrar of Voters Michael Vu says there are still 299,000 ballots to count county-wide. It is not known how many of those belong to Escondido voters, meaning it will likely be several days until the winner is known. 1630

ENCINITAS, Calif. (KGTV) - People who live on Bonita Drive in Encinitas want the city to stop a 10-home development on their street. They say it will make the area more dangerous if a wildfire breaks out."It's a huge concern," says Sione Schad-Siebert. "When the fire starts, and Santa Ana winds blow, they move fast, and you need to get out fast."Plans for the project call for 10 single-family homes to be built on a mostly empty 2.4-acre lot. People who live around it say adding the homes will allow fires to spread faster and cause more congestion on the street if people need to evacuate.Schad-Siebert showed 10News parts of the street where the road narrows to just over the width of a couple of cars. She says fire engines can hardly get through as it is. She also worries that a nearby open-space nature trail could catch fire and decimate the neighborhood."If there's ever a fire in the canyon or if a house here catches on fire, the fire department will not get here in time to stop the fire from spreading through the neighborhood because of poor access," she says.The City Planning Commission approved the project in November, but the residents have filed an appeal.In the appeal, they list fire danger as one of six problems the new homes will bring to the area. Among the other claims are traffic issues, environmental concerns, and questions about ways they say the project skirted city rules during the approval process."I feel like the city's kind of losing its soul," says Schad-Siebert. "I feel it's selling out to developers from out of town that just want to make a lot of money."Housing has been a problem in Encinitas, where city leaders have traditionally shunned large developments. Until 2019, it had been more than two decades since the city successfully submitted a housing and growth plan to the state. The mayor says that has to change.As for the appeal, the Planning Department staff issued a 23-page memo refuting the claims point-by-point. It says the City Council should deny the appeal and move forward with the project.Schad-Siebert says if that happens, she and her neighbors plan to file a lawsuit to stop the construction.The Encinitas City Council will vote on the appeal at Wednesday night's meeting, which begins at 6 pm. They will also allow for public comment before voting. 2327

ESCONDIDO, Calif. (KGTV) — Growing up in foster care can be lonely enough and the holidays and the pandemic can make life feel even more isolating.Shatayja Beck knows that feeling all too well."I didn't know where I was going to go. I thought I was going to be there forever, and then finally somebody told me about SPA, and it just sounded like the best place, really I was like sign me up," said Beck.SPA is the San Pasqual Academy in Escondido. Roughly seventy kids live, study, play sports, and grow up on the sprawling campus."San Pasqual Academy is a first in the nation residential, educational setting for children in foster care, and it has been for ages 12 and up," said Kimberly Giardina, Director of Child Welfare Services for the San Diego County Health and Human Services Agency.Shatayja's mom died suddenly when she was just eight years old. She was in and out of the Polinsky Childrens Center and foster homes before finding stability at SPA."SPA was the best thing for me because I was older and nobody really wanted to take me in, and I wasn't going back with my family," said Shatayja.Shatayja lived in the honor's house and played just about every sport offered. She graduated from SPA in 2017."When I was younger, I didn't even think I was really going to make it to college, I was like high school and, that's it," said Shatayja.Not only did she graduate high school, but she says she also had several college scholarship options. Currently, she's a student at Grossmont College. Her passion is photography and she works as a security guard."When I went to SPA, I felt like I could be myself, and I found out who I really was, how I wanted to dress. and how I wanted to be," said Shatayja.Perhaps, just as frightening as entering the foster system is leaving it."There is the experience of, 'good luck, you've turned 18.' The system is no longer responsible. We hope that you learn everything that you've needed to to make this transition successful," said Simone Hidds-Monroe.Hidds-Monroe knows that feeling all too well. She graduated from SPA in 2009. She and her three siblings entered foster care after their mom died. They stayed together, and all graduated from the academy."There is such a relief when you meet another former foster youth. It's like this unspoken connection that you really understand," said Hidds-Monroe, who is now the associate director of youth services for Just in Time for Foster Youth.The organization serves more than 800 youth a year, ages 18-26. The goal is to help them succeed once they age out of the foster care system. "The biggest thing for us is connections. We want our youth to know there is a community here to support them, for every goal and every opportunity they want to have, we're cheering for them," said Hidds-Monroe.Making those connections can be more challenging during the pandemic.The group recently held two holiday drive-thru events, where youth picked up gifts, food, school supplies, or home furnishings."We're really asking the community to step forward and help us bring the holiday joy and some gifts and love to our youth at this time," said Hidds-Monroe.Giardina says when the pandemic first hit, the county saw a decrease in people willing to become foster parents, but offering virtual training and education has made it easier for people to help."The pandemic has taken a toll on all of us, and kids in foster care have already come from traumatic experiences and already have had a difficult time," said Giardina.Hidds-Monroe says she's dedicated to making sure the youth succeed."I'm an ally for my peers, and I am very passionate for my youth in foster care to make sure they have a positive experience. We can always do better, and I want to be a part of that better, I want to be part of that opportunity," said Hidds-Monroe.If you'd like to donate to one of the organizations supporting the county's roughly 2,400 youth in foster care, you'll find more information here. 3976

Federal Communications Commission Chairman Ajit Pai, a Republican, says he is leaving the telecommunications regulator on Inauguration Day. President-elect Joe Biden will choose a new Democratic head for the agency. A new administration typically picks a new chairman. The FCC typically has three commissioners of the majority party and two in the minority party. It currently has two Democratic commissioners, Jessica Rosenworcel and Geoffrey Starks, one of whom Biden could choose to elevate to chairman or choose someone from outside the agency.Pai and another Republican commissioner, Michael O’Rielly, are leaving the agency. O’Rielly is leaving because the White House pulled his nomination after he said he wasn’t sure the agency had authority on Section 230. Congress is weighing the nomination of another Republican, Nathan Simington.Pai has presided over a contentious FCC. He undid net neutrality rules that barred internet service providers like Comcast and AT&T from favoring some types of online traffic over others in 2017 and championed other deregulatory efforts. The incoming FCC is likely to try to reinstate net neutrality rules and focus on getting internet service to more Americans.They will likely not act on a recent directive from the Trump administration to look at Section 230 in an effort to regulate social media companies like Facebook and Twitter. Section 230 shields internet companies from lawsuits about posts by users. The Trump administration has gone after the law, alleging with no evidence that social networks censor conservatives. Pai had recently said the FCC could move forward making rules around Trump's directive about looking at Section 230. 1702