With Cisco
The recession has sped up the U.S. economy’s ongoing shift from forging iron to moving electrons and ones and zeros. That will become clear June 8, when the Dow Jones Industrial Average kicks out General Motors and replaces it with Internet backbone giant Cisco. Dow Jones announced the move — along with the replacement of Read More →
Crackdown on bank lending has trickle-down effect on property
Today’s economy demands a hard, objective look at cash flow, a company’s debt service and leasehold/rent costs before a business can legitimately qualify for a sale or financing opportunities as outlined by new Small Business Administration guidelines. At least that’s what Randall Barondess says. Barondess, director of the Thousand Oaks-based Business Brokerage Division of Troop Read More →
Business candidates bring ideas into politics
One of the remarkable things about the dismal state of California’s fiscal affairs is that businesspeople of many political persuasions are not twiddling their thumbs or burying their heads in the sand. The proliferation of candidates from the business community bodes well for the region’s future economic health. Anyone who has run a business or Read More →
Sanity flies out the window
We continue to be disappointed by the State Lands Commission and its decision, announced June 1, to turn down a well-crafted compromise that would lead to abandonment of several oil platforms off our coast. The so-called Tranquillon Ridge agreement between oil companies and environmentalists would have raised a ton of money for the state in Read More →
CSLC rejects new oil drilling
The California State Lands Commission, the state agency responsible for approving new oil leases in California, voted June 1 to reject a Department of Finance proposal to permit oil drilling off the Santa Barbara County coast. The State Lands Commission has had the authority to approve oil leases in California since 1937. Are you a Read More →
Reagan to get birthday party
President Barack Obama stood alongside former first lady Nancy Reagan at the White House June 2 as he signed a bill to honor President Ronald Reagan’s 100th birthday, which occurs Feb. 6, 2011. The bill was introduced by U.S. Rep. Elton Gallegly, a Republican who serves Ventura and Santa Barbara counties. The Ronald Reagan Centennial Read More →
FBI issues seizure warrant
The FBI has issued a seizure warrant for the Templeton home of James “Jay” Hurst Miller, president of the now-shuttered Hurst Financial, based in Atascadero, according to The Tribune. The FBI is trying to track down more than $200,000 in proceeds from the sale of their house after allegations against the family’s trust that include Read More →
