Westlake Village BioPartners puts $500 million into new venture funds
Westlake Village BioPartners, a venture capital firm focused on biotech startups in the Conejo Valley and the rest of greater Los Angeles, launched two new funds Dec. 15 worth a total of $500 million. The first fund is $70 million and will be used for Series B or later financing into companies that Westlake Village Read More →
Read More →Dive boat captain indicted on 34 manslaughter charges
The captain of the dive boat Conception, which was destroyed last year in a fire in the Santa Barbara Channel that killed 34 people, was indicted Dec. 1 by a federal grand jury on manslaughter charges. Jerry Nehl Boylan, 67, of Santa Barbara, faces 34 charges of “seaman’s manslaughter,” and each charge carries a maximum Read More →
Read More →Inmates may have taken state for $1B in fraudulent unemployment benefits
California’s unemployment benefits system has been rife with fraud since the pandemic began and may have handed out upwards of $1 billion to jail and prison inmates, a coalition of local, state and federal prosecutors announced at a Sacramento news conference on Nov. 24. Tens of thousands of inmates at county, state and federal prisons Read More →
Read More →Tri-county unemployment down to 6.8% in October
The unemployment rate dropped by a full percentage point or more in each of the region’s three counties between September and October, according to data released Nov. 20 by the California Unemployment Development Department. Ventura County’s unemployment rate in October was 7.1%, down from 8.3% the previous month. In Santa Barbara County, the rate was Read More →
Read More →NTSB: Night watch could have saved dive boat passengers
The sinking of the dive boat Conception in the Santa Barbara Channel last year and the death of 34 people on board was caused by the failure of Truth Aquatics, the boat’s owner, to properly oversee its vessel and crew, the National Transportation Safety Board ruled on Oct. 20. The boat, a 75-foot recreational diving Read More →
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A tale of two forecasts: UCSB report describes strong 2018-19, disastrous 2020
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Read More →FBI probes SLO Supervisor Hill
San Luis Obispo County Supervisor Adam Hill announced July 6 that he is temporarily stepping away from his duties to seek residential treatment for what he described as “persistent, and at times, painfully debilitating depression.” Hill’s 3rd District, which includes the southern half of the city of San Luis Obispo as well as the cities Read More →
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