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LOS ANGELES — Prosecutors say two men and two teens have been charged in the death of rising rapper Pop Smoke, who was killed during a Los Angeles home-invasion robbery in February. Los Angeles County District Attorney Jackie Lacey said in a statement Monday that Corey Walker and Keandre Rodgers were charged with murder that occurred during the commission of a robbery and burglary. The two male teens were also charged with murder and robbery in juvenile court. Their names were not released.The 20-year-old New York rapper, whose legal name is Bashar Barakah Jackson, was killed Feb. 19 at a home in the Hollywood Hills. Both Walker and Rodgers are expected to be arraigned Tuesday. 694
LOS ANGELES (CNS) - The Securities and Exchange Commission announced Friday that Calabasas-based Cheesecake Factory Inc. will pay a 5,000 penalty for making "false or misleading" disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition.This is the first time the SEC has brought allegations against a public company for misleading investors about the financial effects of the pandemic.According to the SEC's order, the Cheesecake Factory restaurant group said in regulatory filings in March and April that its eateries were "operating sustainably," while failing to disclose that the company was losing roughly million in cash per week and had just 16 weeks of cash remaining.The order finds that although the company did not disclose the information in its filings, the group did share the particulars with potential private equity investors or lenders as it sought additional liquidity during the public health crisis.Without admitting the SEC's findings, the restaurant company agreed to pay the penalty and to cease-and-desist from further violations of the charged provisions. In determining to accept the settlement, the SEC said it considered the cooperation afforded by the company.A Cheesecake Factory representative pointed to a disclosure form filed Friday in which the company stated it was in full compliance with the cease- and-desist order and that the company "fully cooperated with the SEC in the settlement" without admitting or denying the regulators' allegations.The order also finds that although the March filing described actions the company had undertaken to preserve financial flexibility during the pandemic, it failed to disclose that Cheesecake Factory already had informed its landlords that it would not pay rent in April due to the impacts that COVID- 19 inflicted on its business."During the pandemic, many public companies have discharged their disclosure obligations in a commendable manner, working proactively to keep investors informed of the current and anticipated material impacts of COVID-19 on their operations and financial condition," SEC Chairman Jay Clayton said. "As our local and national response to the pandemic evolves, it is important that issuers continue their proactive, principles-based approach to disclosure, tailoring these disclosures to the firm and industry-specific effects of the pandemic on their business and operations. It is also important that issuers who make materially false or misleading statements regarding the pandemic's impact on their business and operations be held accountable."Cheesecake Factory had notified its landlords that it wouldn't pay rent on April 1 due to financial complications stemming from the coronavirus outbreak. A letter sent by Chief Executive David Overton to the restaurant group's landlords -- many of which are shopping mall operators -- was released publicly in March by Eater L.A.The company has 294 restaurants in North America, 39 in California and five in San Diego County.Its largest landlord is Indianapolis, Indiana-based real estate company Simon Property Group, which provides space for 41 Cheesecake Factory locations, according to the San Fernando Valley Business Journal."When public companies describe for investors the impact of COVID-19 on their business, they must speak accurately," said Stephanie Avakian, director of the SEC's Division of Enforcement. "The Enforcement Division, including the Coronavirus Steering Committee, will continue to scrutinize COVID- related disclosures to ensure that investors receive accurate, timely information, while also giving appropriate credit for prompt and substantial cooperation in investigations." 3725

LOS ANGELES (AP) — A woman at Dodger Stadium was taken to a hospital Sunday for precautionary tests after being struck in the head by a foul ball from Los Angeles star Cody Bellinger during the first inning of a game against the Colorado Rockies.The young woman was sitting four rows from the field along the first base line, just beyond protective netting that extends to the end of the visiting dugout. She was hit by a sharp line drive by Bellinger, who checked on her between innings. She at first stayed in her seat and was given an ice pack, but she left about 15 minutes later for further attention.A first-aid person who treated the woman says she was taken to the hospital for precautionary tests but that she was alert and answering questions. The name of the woman was not released."It was weird. I saw it literally hit her face," Bellinger said. "I'm sure it was tough for everyone. I went over the next half inning to make sure. She said she was all right and gave me a thumb's up."Manager Dave Roberts came out to talk with Bellinger after the foul ball. Play was delayed for nearly six minutes as players watched the first-aid crew treat the woman.A woman died last August after being struck in the head by a foul ball at Dodger Stadium.All 30 major league stadiums expanded protective netting to at least the far ends of the dugouts at the start of the 2018 season after several fans were injured by foul balls two years ago.Fan safety has received further scrutiny after a young girl was struck by a foul ball in Houston during a game on May 29. The Chicago White Sox and Washington Nationals recently announced that they will extend their netting to the foul poles.Roberts said he would like to see it happen at other ballparks."I think that definitely talks like that need to intensify," he said. "For me, as we talk about getting ahead of things, I don't see anything wrong with that idea."Bellinger is also in favor of extending the netting."I would assume that would be a smart decision," he said. "The people in the front row don't have enough reaction time. I'm over at first base, and I have to be ready, and they're 10 feet over from me. That's a scary situation." 2198
LONDON (AP) — Royal Dutch Shell says it is planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent slide in oil prices during the coronavirus pandemic.The oil giant said Wednesday that around 1,500 employees have already agreed to take voluntary redundancy this year and that it is looking at a raft of other areas where it can cut costs, such as travel, its use of contractors and virtual working.Overall, it said it expects the cost-cutting measures to secure annual cost savings of between billion and .5 billion by 2022.CEO Ben van Beurden said in an interview posted on the Shell website that the jobs cuts will reduce the amount of people between the company’s leadership and its lower level employees.“None of this changes our values as a company, and we will do what we have to do with honesty, integrity and respect for people,” wrote the CEO. “We will be as fast as we can and we will show care for all those who lose their roles or who are negatively affected.”Once the reorganization is complete, the CEO says he believes many more people will be positively affected – working in a quicker, more customer-focused organization and enabled to take the decisions that make a difference. 1282
LONG BEACH (CNS) - The California State University system announced Wednesday that it is planning for an anticipated return primarily to in-person courses starting next fall."While we are currently going through a very difficult surge in the pandemic, there is light at the end of the tunnel with the promising progress on vaccines," CSU Chancellor Timothy P. White said in a statement.He noted that it was critical to provide as much advance notice as possible to students and their families, as the CSU system had done in announcing its moves toward primarily virtual instruction as a result of the coronavirus pandemic.The CSU system, which locally includes CSU San Marcos and San Diego State University, announced in mid-March that its campuses would immediately transition in-person operations to a virtual mode, with the chancellor saying then that "the health and well-being of our students and employees is always a foremost priority."In September, White announced that CSU -- which held primarily virtual courses during the fall term -- would continue with predominantly online instruction for the academic term beginning in January."We are approaching planning for the 2021 fall term with the goal of having the majority of our on-campus experiences returning," said CSU Chancellor-select Joseph I. Castro, who will replace White in January.Officials have not yet determined "what the science will allow" for next summer's term, noting that determination will be made closer to the deadlines for summer 2021 student registration.The CSU system is the largest system of four-year higher education in the country, with 23 campuses, 53,000 faculty and staff and 486,000 students. 1694
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