In a time of turbulence in global politics and economics, one thing remains constant. The dollar’s supremacy as the dominant currency for international finance and reserves is unchallenged — nor is it likely to be replaced anytime soon. That’s the theme of a new book by Benjamin “Jerry” Cohen, the Louis G. Lancaster Professor of Read More →
The Federal Reserve’s decision to slowly begin the process of normalizing interest rates may not have all that much to do with the economy or inflation. The economy isn’t really overheated and any threat of inflation remains far off in the future. Parsing the Fedspeak of the Dec. 16 announcement that regulators are “reasonably confident” Read More →
The Federal Reserve’s Dec. 16 decision to begin the long process of normalizing short-term interest rates got a thumbs up from one of Southern California’s most influential bankers. City National Bank CEO Russell Goldsmith heralded the decision to raise the benchmark short-term rate to 25 basis points from zero — the first rate hike in Read More →
Market disruptions have consequences. And the downward spiral in oil prices looks like the sort of disruption that could have far-ranging consequences. For one thing, we may be at the dawn of a decade where baby-boom era memories of gasoline lines fade and global demand for petroleum products is suppressed as China’s appetite for commodities Read More →
Despite the growing hype around Small Business Saturday, the promotion developed by American Express that’s gotten some traction in the past few years, the nation’s small business owners aren’t really that happy a bunch. Writing in a Nov. 13 report, Scott Anderson, the chief economist for Bank of the West, notes that one recent indicator Read More →
During the past five years, Dignity Health has made methodical moves to bolster the healthcare system in North Santa Barbara and San Luis Obispo counties. That strategy has paid off in improved patient care and better facilities. Now health care is emerging as an industry that attracts talent and capital. It’s an industry that has Read More →
The Central Coast has a growing reputation as a cool place for startups. But amid dozens of new ventures and talk of a tech-centric future looms the reality of growing a fully functional technology company. Listening to the earnings calls for AppFolio and MindBody, which recently had successful IPOs, you begin to realize just how Read More →