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A man accused of running a multi-million dollar investment fraud scheme appeared in court for his preliminary hearing Monday.Jacob Cooper was the CEO of Total Wealth Management in San Diego. Prosecutors allege Cooper received a referral fee for placing clients’ money in certain funds. In many instances, Zipp said he received greater compensation through the referral fee than through his clients’ fees, creating a “blatant conflict of interest.”“He mainly was interested in whether a particular fund would enrich him, not whether it would enrich his paying client,” said Deputy District Attorney Rebecca Zipp.Zipp said Cooper had “no regard to investor goals or suitability for the investor.”Several clients testified in court Monday morning. Loren Engel said he and his wife both invested with TWM. He said they lost approximately 5,000. Engel was not aware Cooper and TWM were receiving what many victims described as kickbacks.“The risk of being defrauded is not a reasonable risk to assume,” Engel said, when the defense asked if he understood investments have risks.Many clients first learned about TWM through Cooper’s weekly radio show. Cooper also regularly appeared on local media.George Rasor called TWM after hearing Cooper on the radio. He testified that he invested more than 0,000. His son Jeffrey Rasor saw red flags when trying to get information about his father’s investments.“Questions not answered, not acceptably answered,” Jeffrey Rasor said when recalling TWM’s response after meeting with the company a few years ago. “Too much vagueness and a real concern that my father’s investments were in jeopardy.Cooper faces 19 felony counts, including conspiracy to commit a crime, elder theft, and making false statements in connect with sale of a security. Zipp said he could face a maximum of 23 years in prison if he is convicted. Cooper also faced several civil lawsuits and an investigation by the Securities and Exchange Commission.Cooper’s defense attorney, John Kirby, denies his client did anything wrong.“He did not have the intent to enrich himself above the interest of his clients,” Kirby said. Kirby said there were a number of funds where he received revenue sharing, but any conflict of interest was set out in documents.“Mr. Cooper had no intent to cheat or steal from anyone,” Kirby said. “He made bad investment decisions.”Kirby said Cooper and his family also lost money through the same investment funds. The preliminary hearing is expected to last several days. Two others connected with TWM already reached a plea deal. Doug Shoemaker and Nathan McNamee are scheduled to be sentenced later this week. 2656
A lot of things are changing for schools this year. Some classes may be online and some may be partially on campus. Regardless of where they're taking place, teachers are still spending money on supplies.According to a survey by AdoptAClassroom.org, many teachers have spent about a third of their school supply expenses on distance learning materials.“They're actually spending more,” said Ann Pifer, Executive Director at AdoptAClassroom. “70% of the teachers we surveyed said that they have delivered supplies to students' homes, either by bringing them personally or by mailing assignments with supplies.”Nearly every three out of four teachers have spent money on printers, ink and paper to make work packets for students who may not have access to computers and internet.Nearly half have spent money on postage and mailing supplies, so they can send learning materials to students.Even in schools where classes are being held in person, AdoptAClassroom still expects teachers to spend more money on supplies.“In a normal elementary classroom, there's a basket of pens and papers and crayons and scissors on a table,” said Pifer. “And groups of students share those supplies to do projects. They're not going to be able to do that this year.”Through AdoptAClassroom.org, people can donate to teachers and those educators can use that money to spend in an online marketplace. 1387
A group of lucky dogs dodged cars and stopped traffic as they made their way across the lanes of Interstate 17 in Phoenix Monday morning.Video from Arizona Department of Transportation cameras showed the pack of six small dogs around 9:55 a.m. local time wandering from the shoulder near Thomas Road across several lanes as cars and trucks slowed to a stop.Department of Public Safety motorcycle troopers could be seen approaching the dogs from behind and ushering them off the freeway at McDowell Road.Luckily, DPS said all six of the pups were taken off the roadway safely. 583
A California utility company said its crews found a damaged transmission tower and holes in a power pole at separate locations near the site where the Camp Fire started.More than a month after the deadliest and most destructive wildfire in the state's history broke out, Pacific Gas & Electric Co. released a more detailed account of outages it experienced that day.In a letter to the California Public Utilities Commission, PG&E said one of its employees called 911 on November 8 -- the day the deadly wildfire began -- after spotting flames in the vicinity of a high-voltage tower near the town of Pulga in Butte County.That fire was reported almost 15 minutes after the utility experienced a transmission line outage at the same location, the company said. It was also around the same time the Camp Fire broke out.The electric utility had disclosed in a regulatory filing last month that it "experienced an outage" on a transmission line in Butte County about 15 minutes before the wildfire began but had not released additional details.PG&E said in its Tuesday letter that inspectors later discovered that a hook connecting part of the transmission line and the transmission tower was broken. They also found a flash mark on the tower.The company also detailed a second outage at another location. That incident was reported a few miles away from the first outage and about 15 minutes after the wildfire started.When crews went to check the outage a day later, the letter states, they "observed that the pole and other equipment was on the ground with bullets and bullet holes at the break point of the pole and on the equipment."Meredith E. Allen, PG&E's senior director of regulatory relations, explained that details about the incidents are preliminary and they remain under investigation."The cause of these incidents has not been determined and may not be fully understood until additional information becomes available, including information that can only be obtained through examination and testing of the equipment retained by CAL FIRE," Allen wrote to regulators.The Camp Fire burned through more than 153,000 acres in Butte County, killing at least 85 people and destroying thousands of structures. It was contained November 25 after becoming the deadliest and most destructive wildfire in California history.Cal Fire, the state's forestry and fire protection agency, has said the cause of the Camp Fire is still under investigation.On Tuesday, PG&E said "the loss of life, homes and businesses in the Camp Fire is truly devastating.""Our focus continues to be on assessing our infrastructure to further enhance safety, restoring electric and gas service where possible, and helping customers begin to recover and rebuild. Throughout our service area, we are committed to doing everything we can to further reduce the risk of wildfire," the company said in a statement.PG&E made its findings public weeks after a federal judge ordered the company to explain any potential role it played in causing the deadly Camp Fire and any other major wildfires in the state.The company has until Dec. 31 to submit written answers to federal officials, according to court documents.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 3311
A former teammate of Colin Kaepernick condemned the NFL's recent embrace of peaceful protest as "half-hearted," calling it "PR for the current business climate."According to former 49ers S Eric Reid, NFL Commissioner Roger Goodell has not personally called to apologize to Kaepernick despite the league's admission that they were "wrong" not to embrace peaceful protest sooner."What the @NFL is doing is half-hearted at best," Reid tweeted Monday. "@nflcommish has gotten comfortable saying he "was wrong" as if his mere acknowledgement reconciles his admitted wrongdoing. He hasn't even called Colin to apologize, let alone reconcile, proving this is only PR for the current business climate."In 2016, Reid was the first player to kneel beside Kaepernick during the national anthem to demonstrate against systemic racism and police brutality.Kaepernick opted out of his contract with the 49ers following the 2016 season. Despite being just 28 at the time and a few years removed from a Super Bowl appearance, Kaepernick has not since been offered a contract by any NFL team.The league has since admitted it was wrong for "not listening to NFL players" regarding anthem protests, but has not mentioned Kaepernick specifically. In the wake of a wave of civil unrest following the death of George Floyd, the Goodell and the NFL released a statement saying that they "encourage all to speak out and peacefully protest." In that same statement, the NFL condemned racism and said it believes that "Black Lives Matter."On Thursday, prior to the 2020 season opener between the Chiefs and Texans, the NFL released a video of Alicia Keys performing "Lift Every Voice and Sing" that featured images of Kaepernick kneeling during the anthem.Reid said Monday that it was "diabolical" that the league used the images of Kaepernick despite the fact that he is still without a job."Roger Goodell uses video of Colin courageously kneeling to legitimize their disingenuous PR while simultaneously perpetuating systemic oppression, that the video he's using fights against, by continuing to rob Colin of his career," Reid said. "It's diabolical."Reid himself has claimed he was blackballed for kneeling alongside Kaepernick. Reid played out his contract with the 49ers and went unsigned in the offseason. During one interview with the Bengals, he claimed team owner Mike Brown specifically asked if he would continue kneeling, and when Reid declined to answer, he was not offered a contract. In 2019, he and Kaepernick settled their collusion grievances against the league for an undisclosed amount.Reid was signed by the Carolina Panthers during the 2018 season. After spending the 2019 season with the team, he was released and is currently a free agent.Dozens of players chose to kneel or raise fists during the national anthem prior to week 1 games on Sunday, including seven teams who chose not to take the field. 2908