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By Pacific Coast Business Times Staff / Friday, September 4th, 2009 / Top Stories / Comments Off on Dallas Fed president speaks of recovery, warns of deflation
Speaking to a crowd at the University of California, Santa Barbara, on Sept. 3, Dallas Federal Reserve Bank President Richard Fisher said that with businesses across the country dealing with overcapacity, deflation is still a greater worry to the U.S. economy than inflation. Fisher, who was invited to speak at UCSB by the Laboratory for Read More →
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By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Top Stories / Comments Off on Scooting along
Tri-county consumers are cutting back on extravagant toys as their investments diminish and jobs grow less secure. But while big motorcycles may be experiencing a slump in sales, those looking to lower their expenses are seeking out small scooters as a pragmatic way of around-town transportation. “We’re seeing a lot of inconsistency,” said Carlin Dunne, Read More →
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By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Top Stories / Comments Off on Court revisits financier
A wrongful death lawsuit unfolding in a Santa Barbara courtroom is shedding light on the final days in the life of the late Michael Klein, the fast-rising Santa Barbara hedge fund manager who died along with his daughter and a pilot in an airplane crash in Panama on Dec. 23, 2007. Kim Klein, Michael Klein’s Read More →
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By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Top Stories / Comments Off on Trustee: Hertel assets found
A U.S. Trustee has moved one step closer to recovering some of the $2.8 million that creditors to bankrupt developer R.W. Hertel & Sons say they are owed. In a document filed in bankruptcy court Aug. 31, Trustee Sandra McBeth said she’d located assets of R.W. Hertel & Sons and planned to divvy them up Read More →
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By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Columns / Comments Off on Conejo leads SoCal into new decade
Would the last person in Dos Vientos please turn out the lights? That’s what some residents of the toney subdivision in Thousand Oaks were wondering not so very long ago as the Conejo Valley underwent a series of economic tremors. First, struggling mortgage giant Countrywide Financial Corp. was sold at near fire-sale prices to Bank Read More →
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By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Small Business / Comments Off on Fine dining is a family affair
Go to the Plug Nickel Restaurant for lunch during the work-week, and you’ll likely see a lot of suits and ties. The charming Westlake Village restaurant, known for its atmospheric dining, has sat tucked away in the city’s industrial park for 33 years. And now, the family-run business, which takes pride in offering its patrons Read More →
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By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Uncategorized / Comments Off on Scrapbook store records its own last chapter
The recession can claim another small business victim with the closure of Santa Barbara Scrapbooks. But its owner is not looking back to pick up the pieces. Instead she’s closing this chapter of her life and moving on to the next. Barbara Bartolomè started her scrapbook store six years ago on a whim. Her experience Read More →
