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Housing and rates are worrying some economists that a recession is looming."One of the biggest concerns is the housing market," said Lindsey Piegza, chief economist for Stifel, on CNNMoney's "Markets Now" live show Wednesday. "It's throwing up a very large red flag and suggests maybe this 4% growth we saw in the second quarter is not sustainable."Home sales?have declined in four of the past five months as housing prices have grown -- but paychecks have remained stagnant. Many people can't afford to buy homes, and those who can are taking on a lot of debt to get into them.Piegza says that echoes what happened right before the Great Recession in 2008."We're not there yet, but this is what led us to the housing crash," she said.How could this happen again? Piegza believes that a decade of rock-bottom interest rates helped people forget about the dangers of borrowing too much."I don't know if we learned our lesson from the Great Recession," she said. "We are going back to a lot of the easy lending that we used to see."Although Piegza said a recession isn't necessarily imminent -- especially after quarterly growth just came in at the fastest pace in almost four years -- there are signs of waning momentum in the economy.Interest rates, for example, are starting to become a bad omen.The Federal Reserve, which finished up its two-day meeting Wednesday, is expected to raise its target rate two more times this year. Higher rates have boosted short-term US Treasury bond rates. But the longer-term bond rates haven't risen along with the shorter-term rates, because investors are growing wary about the economy over the long haul.With two more interest rate hikes planned, the Fed could boost short-term rates higher than long-term ones, inverting the so-called yield curve. An inverted yield curve has preceded every recession in modern history."We could easily be there by the end of the year," Piegza said. "I think we'll see pressure on the longer end by the end of the year, but the Fed will still be raising rates on the short end."Fed Chairman Jerome Powell has said that he is not concerned about an inverted yield curve. Piegza strongly disagrees."It is a predictive measure of a recession," she said. 2266

HUDSON, Ohio — A Hudson woman who hosted a large house party at a rental home in October was convicted in Municipal Court Tuesday for violating state health orders to prevent the spread of coronavirus.The woman was convicted of violations prohibited and criminal damaging, both second-degree misdemeanors, according to court records.On Oct. 10, the woman used a website to rent a home in the 6800 block of Windsor Road in Hudson, according to court records. More than 150 people attended the party, in excess of the number of people allowed by the mass gatherings order that limits groups to no more than 10 people.Attendees caused more than ,500 in damage to the property, according to court records.The Akron Beacon Journal reported that on the night of the party, police were called to the scene and multiple vehicles were towed throughout the night. The party eventually broke up around 3 a.m.The woman was ordered to pay more than ,000 in fines and to pay back restitution for the damage caused, court records say.This story was originally published by Drew Scofield on WEWS in Cleveland. 1106

IMPERIAL BEACH, Calif. (KGTV) - The daughter of PGA star Phil Mickelson will make her acting debut in a movie partially shot in San Diego.Sophia Mickelson has a featured role in Ruta Madre, a coming of age story about a singer who discovers his family and roots on a road trip through Baja.According to the movie's website, Ruta Madre deals with issues of self-identity in a bi-national region."It reflects the feeling of many Latinos, especially Mexicans, who have emigrated or were born here, but who have not they feel neither from here nor from there,” director and screenwriter Agustín Casta?eda said in a 2016 interview.Mickelson plays "Daisy," the lead character's childhood crush. She says the story has meaning for people on both sides of the border.RELATED: San Diego film highlights bi-cultural relationship with Mexico"One of the messages that stood out a lot to me is the importance of family," says Mickelson. "Having strong roots in the SD community as well made me want to revisit those kind of family connections and place more value on it."Mickelson's family is well known in San Diego. Her father, Phil, has won 44 events on the PGA tour, including 5 major championships. He's arguably, San Diego's favorite golfer.Sophia hopes the city will embrace her film career the same with people here have rallied around her father. But she says her parents have done a great job of supporting her dreams while not putting any pressure on her."I think they're very supportive of me having my own path and not having to do anything in line with what they've done," she says. Sophia also told 10News she hopes to go behind the camera for her career and work as a director.She's not the only young star of the movie with San Diego ties.Jordi Bertran, who plays a young version of Daniel, is from San Diego as well. He's known around town for roles he's had on stage at the Old Globe."This film feels like a San Diego film," he says. "The story is ultimately about finding your roots. That's really important now because a lot of times it's easy to forget where we come from."For more information about Ruta Madre, including how to watch it in San Diego, click here. 2180

If success at the box office equated into Academy Award success, you would expect "Star Wars," "Wonder Woman" and "Beauty and the Beast" to do well during Sunday's Oscars. While these movies, which represented the top three movies for domestic gross at the box office in 2017, were nominated for a combined six Academy Awards, a number of movies that didn't do so well at the Box Office received more nominations. As a matter of fact, if you combined the domestic box office totals of the nine films nominated for Best Picture, the total would still be lower than "Star Wars, The Last Jedi.""The Shape of Water" came in at No. 50 at the box office in 2017 according to Box Office Mojo. "The Shape of Water" led all movies in 2017 with 13 Academy Award nominations. "The Shape of Water" grossed million and is up for top awards such as Best Picture, Best Director (Guillermo del Toro) and Best Actress (Sally Hawkins)."Dunkirk" was second behind "The Shape of Water" for Academy Award nominations with eight, including nods for Best Picture, Best Director (Christopher Nolan) and Best Score. "Dunkirk" topped all nine films nominated for Best Picture, grossing 8 million in the US, ranking No. 14. "Three Billboards Outside Ebbing, Missouri" is up for seven nominations on Sunday. The film, which is also up for Best Picture, grossed just 2,168 in its opening weekend, according to Box Office Mojo. "Three Billboards Outside Ebbing, Missouri" has since made some cash, grossing million, which made it No. 55 domestically in 2017. "Phantom Thread," which has six nominations including Best Picture, had an even more humble box office journey. It grossed 6,495 in its opening weekend, before taking in million overall. The film did not crack the top 100 domestically. "Darkest Hour" also had six nominations and is up for Best Picture, and only grossed 5,000 its opening weekend. It has since grossed million in the United States. Among movies that topped the Box Office, "Star Wars, The Last Jedi" received four Academy Award nominations. The picture was the top grossing domestic film in 2017, making 8 million. The second-best grossing film of 2017 in the United States, "Beauty and the Beast," was nominated twice. The only other film with a nomination among those in the Top 10 at the box office was "Guardian of the Galaxy." "Guardian of the Galaxy," which was the fourth-highest domestic grossing film, received a nomination for Best Visual Effects.  2548

IMPERIAL BEACH, Calif. (KGTV) - Mayor Serge Dedina delivered the annual State of the City address Monday night.The mayor spoke to a room full of government, community, and business leaders at Burress Auditorium. The address, lasting about 30 minutes, highlighted the cities accomplishments and outlined a vision for the future.“We have one of the safest cities in San Diego County,” Dedina said when discussing the cities crime rate. He also talked about many of the infrastructure projects ahead, as well as affordable housing. The mayor also addressed the elephant in the room at the end of his speech; the ongoing issue of water quality due to Mexican sewage runoff. Dedina reaffirmed the community’s commitment to fighting for clean water and beaches.“I seem to be talking about clean beaches a lot, and since I'm a surfer, that’s fine,” he said, “But we need to redouble our efforts to expand our skate park and senior center and build a swimming pool and do all the things that most communities take for granted.He also talked about the need for more water quality testing and the lawsuit that IB has filed against the federal government, for its role in allowing raw sewage from the Tijuana ?River Valley to flow into local beaches.“We’re in court right now, the federal government twice tried having it thrown out of court, they lost. We’re going to continue to fight. If they’re smart, they’ll settle because we’re gonna win,” he added. 1454

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