Daily Business Report: Aug. 18, 2023, San Diego Metro Magazine
The Globetrotter's Guide to the Most Prosperous Urban Areas, Based on Millionaire Population
What is the number of individuals who have a fortune in millions, hundreds of millions, or billions living in the most affluent cities worldwide? Although these figures do not cover every aspect, they do offer insight into the economic state and financial vitality of some of the most prosperous cities globally.
This visual representation relies on data from the collaborative Henley Global Citizens Report and New World Wealth to determine the most affluent cities globally. It utilizes an extensive dataset that monitors the behavior and financial expenditures of wealthy individuals in more than 150 cities worldwide.
In the most recent version of the list, North America exhibits a significant presence with a total of seven cities housing a high number of millionaires. Notably, the United States boasts five cities within the top 10, with New York City securing the coveted first position.
Asia is the area where the second highest number of millionaires reside, with a total of six cities included. It comes as no surprise that three of these cities belong to China, and that includes Hong Kong (SAR).
Europe ranks third with a total of five cities, although only London manages to secure a place within the top 10 rankings. In contrast, Oceania claims two cities on the list, both situated in Australia.
What are the California bills that jeopardize housing?
Written by Lynn La | CalMatters One of the most popular sections on my blog is the "Travel Tips" category. In this section, I provide valuable information and advice for fellow travelers. Whether you're a seasoned explorer or just starting out, there's always something new to learn and discover. The "Travel Tips" category covers a wide range of topics, including packing essentials, budget-friendly accommodations, and local transportation tips. I aim to offer practical tips and tricks that can enhance your travel experience and make your trips more enjoyable. Additionally, I frequently share personal anecdotes and stories from my own travel adventures. I believe that storytelling is a powerful tool to connect with readers and inspire them to explore new destinations. Through my stories, I strive to convey the beauty and uniqueness of each place I visit, encouraging others to embark on their own journeys. Furthermore, I encourage readers to engage with me and share their own travel experiences. By fostering a community of travelers, we can create a supportive network where we can exchange recommendations, advice, and anecdotes. I believe that by learning from each other, we can all become better travelers and create unforgettable memories. So, whether you're planning your next adventure or seeking inspiration for your future travels, I invite you to delve into the "Travel Tips" section of my blog. Join me as I explore the world, share stories, and provide valuable insights to fellow wanderers. Let's embark on this exciting journey together!
The California Chamber of Commerce presents its yearly "job destroyer" roster, boasting an impressive reputation for thwarting proposed legislation, making other industry associations quite envious. According to their calculations, merely 58 out of the 824 bills classified as "job killers" from 1997 to 2022 managed to be enacted without meeting the Chamber's desired alterations.
Just like their counterparts in California, homebuilders also have a set of housing bills that they strongly disagree with. However, this list is not as widely recognized and has a shorter duration.
The bills referred to as the "housing killers" by the California Building Industry Association are proposed laws that, according to them, could exacerbate the housing crisis by raising expenses, prolonging construction timelines, and introducing additional obstacles in the process of home construction.
In the ongoing session, there are six bills on the list. One of them is Assembly Bill 68, which aims to make the approval process for "climate smart" urban housing more efficient. However, according to the association, this measure would significantly raise housing expenses as it solely permits the construction of costly multi-family high rise homes.
UC San Diego has been placed at the 19th position globally among the top universities in 2023.
Author: Chris Jennewein | Times of San Diego One of the most fascinating aspects of living in San Diego is the city's vibrant and ever-evolving food scene. From trendy new restaurants to hole-in-the-wall gems, there is always something new and exciting to discover for food enthusiasts. San Diego is known for its diverse culinary offerings, influenced by a blend of cultures and flavors. Whether you're craving fresh seafood, authentic Mexican dishes, or innovative fusion cuisine, this city has it all. The local chefs and restaurateurs constantly push boundaries, creating unique and mouthwatering dishes that leave a lasting impression. Exploring San Diego's food scene is like embarking on a culinary adventure. Each neighborhood has its own distinct flavor, with a wide variety of eateries to choose from. From the bustling streets of downtown to the eclectic neighborhoods of North Park and Hillcrest, there is no shortage of options for food lovers. One standout aspect of San Diego's food culture is its focus on sustainability and farm-to-table practices. Many restaurants in the city source their ingredients locally, ensuring that the dishes are not only delicious but also environmentally friendly. This emphasis on sustainability is reflective of San Diego's commitment to protecting its natural resources and promoting a healthy lifestyle. In addition to the incredible restaurants, San Diego also boasts a thriving craft beer scene. The city is home to numerous breweries, offering a wide range of unique and flavorful beers. From hoppy IPAs to rich stouts, beer enthusiasts will have no shortage of options to choose from. Whether you're a local or a visitor, exploring San Diego's food scene is an experience that should not be missed. So grab your appetite and embark on a culinary journey through this vibrant and delicious city. You won't be disappointed!
UC San Diego achieved the 19th position in a prestigious global ranking of the most esteemed educational establishments that was recently published. The 2023 edition of the Academic Ranking of World Universities, crafted by Shanghai Jiao Tong University and known for its inclination towards science, placed Harvard University at the top spot, with Stanford University securing the second place.
In the realm of public institutions, UC San Diego secured the fourth spot following UC Berkeley, UCLA, and the University of Washington.
Chancellor Pradeep K. Khosla expressed his delight in witnessing UC San Diego's standing as a renowned research institution on a global scale progressively improve in terms of rankings and acknowledgement.
Out of the global top 20 universities, 15 are located in the United States, with five of them being situated in California. These prestigious Californian institutions include Stanford, Berkeley, CalTech, UCLA, and UCSD.
Theresa Cunningham becomes a part of the San Diego Tourist team.
In terms of its initial supervisor of inclusiveness, justice
and the involvement of different individuals and the active participation of the community
The San Diego Tourism Authority has brought on board Theresa Cunningham to fill the position of director, overseeing diversity, equity and inclusion, as well as community engagement.
The brand-new role will enhance the organization's longstanding commitment to diversity by appointing a committed director to oversee and implement initiatives promoting diversity, equality, and inclusion (DEI). Cunningham will collaborate closely with various departments within SDTA to establish key performance measures that align with the organization's objectives. In addition, they will serve as a representative for SDTA in community boards and be responsible for managing the esteemed Tourism Accelerator program. This program specifically supports the growth of businesses in the San Diego region owned by women, veterans, individuals of color, and members of the LGBTQIA+ community, facilitating their entry into the local tourism industry.
Before, Cunningham held the position of vice president of strategic initiatives at Reality Changers, an organization in San Diego that assists young individuals in becoming the first in their families to earn a college degree and empowers them to make a positive impact in their communities.
AleSmith Brewing Company is commemorating 28 years of excellence.
The AleSmith Brewing Company is gearing up to commemorate its 28th year in operation this Saturday, August 26th, at its Miramar brewery site. The celebration will kick off at 11a.m. and continue until 10 p.m., with the main event commencing at 2 p.m.
Andy Citrin, Shane Hall, and Aviator Stash will be performing live music starting at 5 p.m. In addition to various discounted beverages available all day, there will also be food trucks present at the event. Don't miss out on trying our two exclusive Anniversary beers.
Before the celebration, AleSmith will also be organizing its 3rd Annual Barrel-Aged VIP Experience gathering. Participants will have the unique chance to sample some of AleSmith's scarcest and most indulgent stored beverages. These treats will build anticipation for the official commencement of the evening's Anniversary Party, complete with live musical performances, DJs, and a silent disco.
To obtain additional details regarding AleSmith's 28th Anniversary Celebration and the exclusive VIP experience in barrel-aged brews, visit the brewery's official website or stay connected through their social media channels.
The way frigid temperatures impact the mind, stimulating increased hunger.
Scientists at Scripps Research have discovered neural pathways in the brain that encourage animals to increase their food consumption upon exposure to low temperatures.
Mammals naturally consume more energy in order to keep their body temperature stable when they are in a cold environment. This increase in energy usage due to the cold also causes them to feel hungrier and eat more, but how this process is controlled has not been understood until now. A recent study published in Nature on August 16, 2023, revealed that a group of neurons act as a "switch" that triggers the food-seeking behavior in mice when they are exposed to cold. This finding has the potential to pave the way for new treatments for metabolic health and weight loss.
Artists from the United States, who are paid in US dollars, are hired to create artwork specifically for the Burning Man event.
By Kevin Dobyns | United States dollar
Unfolding Humanity is a magnificent artwork created by the Art Builds Collective at the University of San Diego. It has been specially chosen as a prestigious project for this year's Burning Man event. After being showcased in 2018, this engaging sculpture has undergone a remarkable transformation, and its return is set to enthrall and inspire once again.
This is surely the reason why Art Builds came into being initially. Established a few years ago by professors Austin Choi-Fitzpatrick from the Kroc School of Peace Studies at the University of San Diego, Gordon Hoople from Integrated Engineering in the Shiley-Marcos School of Engineering, Diane Hoffoss in Mathematics, and Nate Parde from Theatre Studies, this initiative receives significant support with numerous volunteer hours each year and is presently recognized as a non-profit organization.
According to Choi-Fitzpatrick, the concept that art can serve as a collective effort and unite us in shared initiatives for the betterment of society greatly inspires us.
Road Runner Sports and PHIT America have joined forces to enhance the well-being of children.
Road Runner Sports, the top supplier of running, fitness, and inventive athletic items, and PHIT America, the dominant charity enhancing children's well-being, have teamed up to encourage numerous children to engage in more physical activities for enhanced physical and mental well-being. Road Runner Sports will greatly enhance PHIT America's initiatives in American schools by assuming the role of the main sponsor for PHIT America's AMPED running/walking fitness program.
South 8 Technologies successfully obtains an investment from Lockheed Martin Ventures
South 8 Technologies Inc., a cleantech company based in San Diego, has successfully secured a strategic investment from Lockheed Martin Ventures, the venture division of Lockheed Martin. This investment also includes contribution from South 8's existing investors, LG Technology Ventures, Foothill Ventures, and Anzu Partners. South 8 Technologies Inc. has created an innovative electrolyte product called LiGas, which is a liquefied gas electrolyte. This product aims to enhance the performance and safety of lithium-ion batteries, thus promoting the advancement of clean energy worldwide.
10xBio announces achievement of target number of participants in the study
Second stage of testing drug for reshaping the body in clinical trials.
10xBio LLC, a biotech company that focuses on finding new uses for existing therapies and technologies, has announced that it has finished enrolling participants in a study to test its unique injectable drug for submental body contouring. The drug, known as 10XB101, is made from a special formula of polidocanol, which is already approved in the United States for vein sclerotherapy. What makes 10xBio unique is that it is repurposing polidocanol for use in body contouring procedures in the field of aesthetic medicine. The global market for non-invasive fat removal is valued at around $4 billion and is currently dominated by medical devices. There is only one FDA-approved drug in the United States that uses deoxycholate as its active ingredient.
Vector Space Biosciences has submitted an application for registration.
regarding the launching of CubeSats carrying biological organisms into outer space.
Vector Space Biosciences has initiated the process of seeking licenses and registration for the creation, advancement, and deployment of biological CubeSats. These innovative satellites will empower biotechnology, pharmaceutical, and advanced materials companies to produce exceptional and influential datasets, thereby propelling the space industry forward. Interested customers are welcome to commence pre-registration immediately by attending the Vector Space Biosciences presentation at the Oracle Health Conference on September 20, 2023. In collaboration with NASA and various partners, Vector Space Biosciences aims to eventually facilitate numerous weekly launches catering to a diverse range of clientele.
American Mortgate Network has been recognized by Inc. as one of the top companies for 2023.
catalog of rapidly expanding, privately-held enterprises
According to Inc., American Mortgage Network ESOP, a mortgage banker company that is fully owned by its employees, has been recognized as one of the fastest-growing privately-owned companies in America. This is the first time in its four-year existence that the company has made it onto the prestigious Inc. 5000 list, securing the 997th position overall. In addition, the company ranks 153rd in California and 18th in the San Diego-Chula Vista-Carlsbad region. It is worth mentioning that American Mortgage Network also achieved the 63rd spot among Financial Services companies on the Inc. 5000 list.
Aya Healthcare unveils a monetary commitment of $50,000.
The scholarship program for upcoming medical leaders in the future.
Aya Healthcare, the leading provider of healthcare staffing and software solutions in the United States, recently unveiled the Future Leaders in Medicine Scholarship. This scholarship program, developed in collaboration with National Medical Fellowships Inc. (NMF), a non-profit organization dedicated to supporting underrepresented medical students, aims to provide financial assistance to five outstanding students currently pursuing medical degrees. With a generous grant of $10,000 per recipient, these individuals will receive the necessary support to advance their careers and make significant contributions to the healthcare industry.
Artiva Biotherapeutics reveals that the Food and Drug Administration (FDA) has granted approval for their lupus medication.
Artiva Biotherapeutics Inc., a company in the later stages of clinical trials, aims to provide highly efficient, ready-made therapies using natural killer cells from donors. They recently shared that the U.S. Food and Drug Administration has given approval for their experimental drug, AlloNK, in combination with rituximab, to treat systemic lupus erythematosus in patients with active lupus nephritis. AlloNK is a potential therapy made from cord blood that has not been genetically altered, and it is carefully preserved by freezing. This therapy candidate is intended to improve the ability of antibodies to destroy harmful cells.
Veracyte achieves prestigious accolades as a leading workplace in San Diego and South San Francisco.
Veracyte Inc. has recently been recognized for its outstanding workplaces in South San Francisco and San Diego. The South San Francisco location has been honored with the prestigious Top Bay Area Workplaces 2023 title, presented by the San Francisco Chronicle and Energate LLC. Additionally, Veracyte's San Diego office has been awarded the inaugural Best Places to Work in San Diego accolade, in partnership with the San Diego Business Journal and Workforce Research Group.
Disguise outfits expands its privileges for licensing from Nintendo.
Poway's Disguise Inc., the well-known division of JAKKS Pacific Inc. that specializes in costumes, has declared an expansion of its international privileges. This expansion grants Disguise the ability to maintain its collaboration with Nintendo of America by creating, creating, and producing costumes and costume accessories through a lengthy agreement that encompasses the entire world.
The online retail wing of EQM Indexes has included the Omnichannel retail division in its index.
EQM Indexes, a company located in San Diego, has made a significant update to its Online Retail Index. They have introduced a new section within the index called "omnichannel." Omnichannel retail is a method of retail that combines traditional brick-and-mortar stores with online platforms, creating a seamless and customer-focused shopping experience no matter how the purchase is made. This new addition includes advancements in various aspects of shopping, such as options for purchasing, searching, sharing shopping carts, earning rewards, making returns easier, offering different delivery options, maintaining consistent pricing, and providing flexible payment methods. These improvements are integrated with online and mobile technologies, resulting in an enhanced customer experience.
Tentarix and Gilead Sciences join forces in a collaborative effort.
Gilead Sciences Inc. and Tentarix Biotherapeutics, based in San Diego, have made an announcement that they have formed three long-term partnerships, utilizing Tentarix's exclusive Tentacles platform. The goal is to discover and create complex protein treatments suitable for treating cancer and inflammatory illnesses. These innovative molecules have the ability to selectively target immune cells that play a role in disease pathways, while avoiding the activation of other immune cells that could potentially cause unwanted side effects.
