Policy normalization must continue
By Dan E. Hamilton Since 2008, the Federal Reserve has been engaged in an unprecedented experiment, one without any economic theory to recommend it. Its policies are internally inconsistent. Some work to restrict credit. Others ease credit. The 2007 failure of New Century Financial, a leading subprime lender, did not derail the economy. However, when Read More →
Strawberry crop insurance changes topic of meetings
Western Growers and the U.S. Department of Agriculture Risk Management Agency announced June 8 that they will host two meetings to discuss changes to the Strawberry Crop Insurance Program. The program has provided federally subsidized insurance for strawberry growers since it was created in 2012. It protects growers in Santa Barbara, Ventura and several other Read More →
Plains’ request to seal oil spill transcripts opposed
Prosecutors have filed opposing motions to Plains All American Pipeline’s request to seal the transcripts of its indictment from the Refugio oil spill. The motion claims that Plains did not give the public sufficient time — at least 10 days before the June 2 hearing date — for the public to process the request. Grand Read More →
Lois Capps’ Pipeline Safety Act passes House
The Pipeline Safety Act, a bill that aims to improve federal oil and gas pipeline safety regulation, passed the House, U.S. Rep. Lois Capps’ office announced on June 8. Capps, D-Santa Barbara, authored the bill after last year’s Refugio oil spill, the consequences of which are still playing out throughout the Tri-Counties. This bill aims Read More →
Amgen’s new drug for migraines shows promise
Thousand Oaks-based Amgen said a drug being developed in collaboration with Novartis showed promising results in providing relief for patients suffering from chronic migraines. The Phase 2 clinical trial met benchmarks for migraine reduction at two levels of dosage and with limited side effects. “Migraine is the sixth-leading cause of disability worldwide. Three to seven Read More →
Limoneira misses second quarter estimates but analysts reconfirm strong outlook for year
Santa Paula-based Limoneira reported drops in revenue and operating income for the second quarter of 2016 in an earnings report June 9. But analysts reconfirmed strong fiscal year 2016 and 2017 outlooks despite the quarter’s performance, due to favorable lemon pricing and expectations for the company’s real estate development segment. Limoneira’s recently expanded packing facility Read More →
Impact Radius raises $30 million in funding round
Impact Radius, a Santa Barbara-based digital marketing firm, finished a $30 million funding round June 8 by Boston-based Silversmith Capital Partners. Founded in 2008 by veterans from the early days of Commission Junction, now CJ Affiliate by Conversant, Impact Radius is a pioneer of so-called performance marketing space, where advertisers only pay out a commission Read More →
