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SAN DIEGO (KGTV) - The California Restaurant Association has a grim forecast for the restaurant industry as communities across the state begin to see more and more restaurant closures.When the coronavirus pandemic started, the CRA projected that 20 to 30 percent of restaurants could close their doors for good because of the pandemic. That projection is looking to be on the higher end now, according to Jot Condie, the CRA's president and CEO."With this second shutdown, it's likely to be closer to 30 percent," Condie said. "A lot of restaurants that we're learning are closed, are doing it quietly. There are no signs posted, no banners saying we're closed for good."He said while many variables are at play, even when restaurants can reopen completely, many restaurant owners will not be out of the woods yet."After the opening, you'll see a sort of shaking out of the industry in those first 18 months," Condie said.Condie said the restaurants most at risk are fine dining and independently owned.He also said the impact will likely vary in various parts of the state. Condie believes that San Diego County and Southern California's restaurant industry may fare better than the rest of the state because of better weather throughout the year. The weather will be a significant factor for restaurants that can offer outdoor dining and expanded outdoor dining."Where the weather cooperates almost all year, you're likely not to see the challenges of survival that you will see in, for example, San Francisco or the Bay Area," he said. 1546
SAN DIEGO (KGTV) - Super Saturday is set to eclipse Black Friday in sheer numbers, according to the National Retail Federation. The NRF says an "estimated 147.8 million U.S. consumers [are] expected to participate, up from 134.3 million last year, according to the annual survey released today."This includes both in-store and online shopping.This year had the shortest shopping window between Thanksgiving and Christmas, leaving shoppers nervous.Jessica Ramirez said she was so busy working she could only start shopping Saturday. She said the family had been to a few stores that day and she will get as much done as possible in the final countdown before Christmas.Dana Giusti was eating a candy cane while she shopped in Best Buy, saying her sugar fix was staving off anxiety about finishing up Christmas shopping and wrapping all the presents for her family.In Mission Valley, the Target parking lot was filled with lines of cars. Families had different plans of attack to tackle their lists. Some shopped online and picked up curbside, while others braved the crowds inside."NRF defines the holiday season as November 1 through December 31 and has forecast that sales will total between 7.9 and 0.7 billion. Consumers expect to spend an average ,047.83 – including purchases made earlier – for an increase of 4 percent over last year, according to an earlier NRF survey.Today’s survey of 7,779 adult consumers was conducted November 27 through December 5 and has a margin of error of plus or minus 1.2 percentage points." 1543
SAN DIEGO (KGTV) - The holiday shopping season is here and you probably have a long list of presents to buy that will set you back hundreds, even thousands of dollars. But you might think twice about overspending on Black Friday or Cyber Monday when you take a closer look at the FIRE movement to help you make it in San Diego. Amon Browning and his wife Christina were recently featured on ABC News. The San Francisco couple just retired, and they’re only 40 years old. “I was making ,000 a year, and Christina was making about ,000 a year,” says Amon Browning. In just eight years, they managed to save million by investing 70 percent of their income through a method called FIRE, which is short for Financial Independence, Retire Early. RELATED: Making It in San Diego: Debt-free couple leaves San Diego to fast-track retirementIt sounds impossible, but it’s true.“Have a seat anywhere, it’s fun!” says a smiling Jennifer Mah looking over a crowded San Diego theatre. Mah is the Community Liaison for a local FIRE Chapter in San Diego called Choose FI, as in Financial Independence. It’s a movement that’s growing. “Welcome to the screening of Playing with Fire,” says Mah as the crowd cheers. RELATED: Is retiring in your 40s possible? This man says he's done itShe’s talking about ‘Playing with Fire: The Documentary.’ About 100 people gathered to watch the documentary shown only in select theaters. They gathered to learn what it takes, mostly significant financial sacrifices, to retire early. “The American Dream is getting a college degree, and this job, and this white picket fence. But all of that has this huge debt behind it,” claims a woman interviewed for the documentary.The goal of the film is to get people thinking about where they spend their money. “The consumerism culture is harmful. It really hurts people,” says another man as video of a massive Black Friday rush appears on the big screen.Ultimately, the documentary portrays how consumerism and marketing place so many Americans on the edge of bankruptcy. “We are spending money we don’t have to buy things we don’t need to impress people we don’t know,” says another man in the documentary in an ominous tone. RELATED: The 6 big retirement mistakes — and one way to avoid themBut he’s not that far off. A recent survey from Charles Schwab found 59 percent of adults live paycheck to paycheck. Nearly half, 44 percent, have credit card debt, and only 38 percent have an emergency fund. Those in the Choose FI community are the opposite. “People in the FI Community have a savings rates upwards of 40 percent,” says Mah. Meaning nearly half of their income is going into savings. Everyone in the movement is different in their quest to save and retire early; there’s no one specific way to do it. “Some things that most people cut: really expensive cable, really expensive phone bills, streaming services,” adds Mah. For others, it’s more drastic, like downsizing a house or giving up an expensive car for a used one. RELATED: Living life on their own terms: Couple shares how they retired in their 30's“It’s just about being resourceful, number one, and taking responsibility, number two,” says Kyle Lasota, a young entrepreneur who came to see the documentary. “Until you decide to take responsibility, nothing is going to happen. Everything is always going to be out of your control.”“Even if I don’t reach financial independence, retire early, I think I will be better for trying than not to try at all,” says Mah. The FIRE movement takes a great deal of sacrifice. To be successful like the Brownings, you must reduce spending, pay off your debts, and maximize your savings by setting aside 40 to 60 percent of your income. Finally, you must have 25 times the amount you plan to spend annually in retirement. 3809
SAN DIEGO (KGTV) - Tempers flared at a meeting of the Community Review Board On Police Practices Tuesday night. Dozens spoke out against the San Diego Police Department’s chokehold policy. Members of the Racial Justice Coalition wants to ban the practice, saying it’s excessive force and potentially deadly. San Diego’s new police Chief David Nisleit called the comments at the meeting “passionate.” He said he heard them loud and clear but had questions about the doing away with the chokehold as some law enforcement agencies around the country have done.“Anytime you take a use of force tactic away from an officer, they generally have to go a higher level,” Nisleit said. “So my concern on that, and why I’m hitting pause to take a hard look at this, is I want to make sure that if we continue or discontinue, it's for the very right reasons. I want to look at the LAPD and the Chicago Police Department and their information on what has happened prior to and more importantly, what has happened afterward to see if more higher level of force had to be used.”The chokehold is expected to come to the review board again at their May meeting. 1163
SAN DIEGO (KGTV) — The circus comes to San Diego this weekend in a pair of fun events and, of course, the craft beer and spirits are flowing elsewhere.Circus Vargas brings the big top back to Mission Valley for a weekend of acrobatic and astounding acts by circus performers. Chula Vista also hosts Circus in the Park with shows and workshops with performers with Fern Street Circus.Carlsbad's Flower Fields open for business this weekend, with their 50-acre display of beautiful Ranunculus flowers in bloom for the spring.The Mission Valley Craft Beer and Food Festival serves up delicious craft beers and food with a bacon twist from independent brewers and local chefs. The Mariachi Fest also pairs dazzling mariachi and folklórico performances with taco and tequila tastings in Escondido.THURSDAYCircus VargasWhere: Westfield Mission Valley; Cost: - Take your kids to the Big Top for a weekend packed with circus action as Circus Vargas hits Westfield Mission Valley. Acrobats, daredevils, and flying trapeze artists will perform to audiences' delight, recreating circus feats from the past for a new audience.Museum MonthWhere: Various locations; Cost: Prices vary(Thursday - Saturday) Throughout the month of February, San Diegans and visitors can pick up a special, free pass to save 50 percent at more than 40 museums throughout the city. Museums like the Fleet Science Center, Maritime Museum, San Diego Air & Space Museum, Natural History Museum, and many more are participating in the special month.FRIDAYKuumbaFestWhere: San Diego Repertory Theatre; Cost: - 5KuumbaFest brings three days of African-American culture, expression, and heritage to San Diego with traditional art, performances, educational workshops, a marketplace and health fair, Gospel concert, guest speakers, and more in celebration of our African-American community. Illumination: 21st Century Interactions with Art + Science + TechnologyWhere: San Diego Art Institute; Cost: FreeThe San Diego Art Institute hosts a free exhibit featuring an interactive show created by 26 artists. Guests will experience art through light, sound, metal, textiles, soundscapes, and more. The exhibits will walk visitors through issues like climate change, global health, and sustainability through art.SATURDAYMission Valley Craft Beer & Food FestivalWhere: SDCCU Stadium; Cost: - Enjoy sips and eats from dozens of independent San Diego breweries and eateries at SDCCU Stadium. Entry gets ticket holders unlimited tasters of craft beer and spirits and eats from each food vendor. The event will join forces with Bacon Fest to deliver some mouthwatering combinations of bacon and bites to guests.Circus in the ParkWhere: Chula Vista Bayfront Park; Cost: FreeChula Vista hosts a free day of activities for families during Circus in the Park. Exciting acts from Fern Street Circus, like jugglers and acrobats, will entertain crowds. Circus experts will also hold interactive workshops around hooping and tightwire activities, and face painting and photos booths.Leap Day CelebrationWhere: The Old Globe Theater; Cost: FreeHead over to Balboa Park where performers will stage a dance-of at the Old Globe Theater plaza. The fun starts at 11 a.m. with dance troupe performances and continues with workshops and dance competitions.SUNDAYMariachi FestivalWhere: California Center for the Arts, Escondido; Cost: - 0Take in the traditional sounds and sights of the Grammy-winning Mariachi Divas de Cindy Shea and folklórico dancers from Tierra Caliente Academy. Attendees can also spend the day at the festival's Tacos & Tequila reception, where they can sample spirits and participate in a silent auction.TinyFest CaliforniaWhere: Del Mar Fairgrounds; Cost: - Del Mar Fairgrounds will host several ideas in the world of "tiny homes" during TinyFest, featuring the latest in tiny living options, expert speakers, workshops for guests, and festival music and foods.Carlsbad Flower FieldsWhere: The Flower Fields; Cost: - Sunday is opening day for the Carlsbad Flower Fields this season! Peruse through 50 acres of beautiful variations of Ranunculus flowers, an artists garden, floral displays, and more. 4213