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By Henry Dubroff / Friday, December 18th, 2015 / Columns, Latest news / Comments Off on Fed rate increase should help take risk out of financial markets
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 Tri-Counties are preparing for the silver tsunami. The oncoming wave is the surge of the country’s aging workforce. Nearly one-fifth of the U.S. population will be 65 or older come 2030, according to the U.S. Census. There are dozens of housing developments in the pipeline throughout the Tri-Counties that aim to accommodate the rapidly Read More →
A Santa Barbara County Superior Court judge ruled that part of the Highway 101 Widening Project Environmental Impact Report needs to be recalculated, but the decision is not expected to significantly delay the project. The estimated $428 million fourth stage of the undertaking includes adding high occupancy vehicle lanes in both directions through the 10.3-mile Read More →
By pacbiztimes / Thursday, December 17th, 2015 / Energy, Latest news, Top Stories / Comments Off on Plains accused of misleading oil spill victims into signing away rights
Plains All American Pipeline has allegedly been misleading those who seek compensation for losses they incurred following the Refugio oil spill, according to a motion filed in federal court on Dec. 15. The motion asserts that Plains is asking the claimants to forfeit the right to file or take part in any other claim in 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 →