Charter: You are the weakest link
Once again, Charter Communications has demonstrated that it remains the weakest of links in a chain of balkanized cable operations in our region. The St. Louis-based company, controlled by Microsoft co-founder Paul Allen, is headed for Chapter 11 bankruptcy after skipping a debt payment amid a $1.5 billion loss for the fourth quarter. Charter, which Read More →
Read More →Stem cell research advances business
The Obama administration’s decision to open the door to federal funding for embryonic stem cell research has long-term benefits for the region. Already, University of California, Santa Barbara, researchers have indicated they will receive millions of dollars in funding for new therapies. These will give a boost to some early-stage projects that are the direct Read More →
Read More →TARP wears out welcome
There’s a range war happening in the West over the government’s draconian demands on local banks in return for TARP funding. Already, large banks such as Northern Trust and Wells Fargo have indicated they would like to give the money back. Smaller banks as well have put the government on notice that restrictions on pay, Read More →
Read More →Give bankruptcy judges right to impose sanctions
Now that the Obama administration has opened the door to reducing the home mortgage interest deduction for taxpayers earning more than $250,000 per year, we’ll throw another idea up against the wall and see if it sticks. Jeff Dinkin, a Santa Barbara attorney, has suggested that people who file fraudulent applications for mortgages or speculate Read More →
Read More →CLU snags quite a team
California Lutheran University scored quite a coup in late February when it lured the University of California Santa Barbara’s Economic Forecast Project team to Thousand Oaks. It marks a bold move for CLU’s relatively new president, Chris Kimball, who seems to have made a quick study of the political and economic landscape of the Tri-Counties. Read More →
Read More →Transitions noted
Sometimes the owner is the company. Such was apparently the case with the Wine Cask, a popular Santa Barbara watering hole and wine shop that closed abruptly in mid-February. Owner Doug Margerum sold the operation a year or so ago and the new owners tried hard. But with the down economy and without Doug’s magic, Read More →
Read More →Tri-county innovation can rebrand the region
In a dramatic speech on Feb. 24, President Barack Obama vowed to lead America’s economy back to health and prosperity. In doing so, he laid down a considerable challenge to local elected officials, community and business leaders in the tri-county region. That challenge boils down to this: creating a new brand for the Highway 101 Read More →
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