Santa Lucia defers debt payments
UncategorizedAtascadero-based Santa Lucia Bancorp said Sept. 3 that, following consultation with Federal Reserve officials, it will defer payments on $5 million in debt for up to 20 quarters. The firm also recently announced that it expects to enter an agreement with or be placed under an enforcement order to boost capital by banking regulators. The Read More →
UCSB’s two solar powers
UncategorizedThe burning question in energy research is how to harness the power of the sun in a cost-effective way. Nobel laureate and UC Santa Barbara Professor Alan Heeger’s answer — plastic solar cells that can be printed cheaply like photographic film — has drawn interest and more than $100 million from investors. But other researchers Read More →
Dirt is flying again as building picks up in the Tri-Counties
ColumnsAfter a year or more of struggling to find work, contractors are ready to dig in their shovels and let the dirt fly as construction projects large and small break ground throughout the Tri-Counties. Several notable projects are in the construction pipeline, and builders I spoke with said they’re finally starting to see new business Read More →
Editorial: Systemic pension problems
OpinionNews that the University of California system faces a $20 billion pension shortfall underscores one sobering truth to consider on Labor Day: Public sector jobs are not a free ride. Every job in the public sector is paid for with taxes, fees, tuition or other levies on private enterprise. Public-sector employees have a certain amount Read More →
Taking stock of PCBC, one share at a time
ColumnsGenerally speaking, it’s not a great idea for a journalist to own stock in a company he or she covers. In fact, it’s entirely unethical. But there is one exception. Back before the SEC’s Regulation FD, Yahoo Finance, the Internet and instantaneous disclosure of everything to everybody, it was an established practice for a Read More →
