Tri-county stocks mixed as stimulus package stalls
A 3 percent drop in U.S. equities markets hit smaller stocks in the Tri-Counties on March 23, as a stimulus package to combat the economic fallout of the coronavirus failed for a second time to gain legislative approval. The region’s companies had mixed results, with gains for eight out of the 10 largest firms. Goleta Read More →
CLU economists predict downturn worse than Great Recession
California Lutheran University’s economic forecast group is warning that policymakers have limited options to head off a downturn that could be worse than the Great Recession. In an update to recent forecasts, the Center for Economic Research & Forecasting warns that massive stimulus efforts may not help speed a recovery if “countless numbers of small Read More →
Tri-county stocks end week with mixed results
Tri-county public companies ended the worst week for Wall Street since 2008 with a 5 percent drop March 20, as the threat of a recession loomed larger in the wake of the coronavirus outbreak. Stocks had a mixed close, with losses among several biotech firms, including regional biotech giant Amgen. Shares fell another 5.3 percent Read More →
Plains oil spill settlement to fund Gaviota restoration
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Dubroff: Assessing the impact on tri-county economy
It might be the understatement of the new decade to say that the economics of coronavirus are not well understood. That doesn’t help the hundreds of hotel and restaurant workers who’ve been laid off during a crisis that Acme Hospitality Group leader Sherry Villanueva described as “unprecedented and still unfolding” in a note explaining why Read More →
Cal Poly SLO might become COVID-19 overflow site
San Luis Obispo County is working with Cal Poly San Luis Obispo as a possible overflow site for treatment of coronavirus victims, County Administrative Officer Wade Horton said March 23. SLO County now has 33 confirmed cases of COVID-19, up from 27 on March 22, with two patients hospitalized, county health officials said. Updated at Read More →
Coronavirus: Signs of the times as pandemic spreads
The economic impact of the coronavirus epidemic has ripped through the Tri-Counties, triggering massive job cuts and prompting San Luis Obispo County to issue a rare order for residents to shelter at home beginning March 19 in response to rising numbers of COVID-19 cases. The county intends to hold the order for the next 30 Read More →
