Editorial: CEOs wanted here
OpinionThere’s nothing wrong with Santa Barbara County’s economy that a few corporate headquarters wouldn’t cure. That’s one conclusion that can be drawn from a close examination of the data behind the recent UCSB Economic Forecast Project report. Local government employment, the largest sector in the county, is pretty much flat at about 23,000. Given the Read More →
Editorial: Building sale smells like another state fiasco
OpinionFor more proof that the administration of Gov. Arnold Schwarzenegger is living in a world of illusion, look no farther than some serious number crunching on his proposed sale of state office buildings. Once touted as a way to close the state’s budget gap, the plan to sell and lease back 11 flagship office properties Read More →
Keeping the seats full: Arts organizations battle the recession
NonprofitsA recession is never a pretty picture, especially for arts and culture nonprofits, which rely heavily on private donations and visitor attendance. Arts organizations around the country laid off workers last year, adopted hiring freezes or cut other expenses in response to a falloff in private donations and government grants. In California, the Santa Read More →
Special Comment: Where the region's biggest bank goes from here
OpinionBest and worst of times, indeed. Behind Pacific Capital Bancorp’s decision to sell a 90 percent stake to a Texas investment firm is a recognition that the California real estate market has not yet begun to turn around. That is the nightmare the bank faced — a slow bleeding of capital, including a loss of Read More →
