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SLO mortgage lenders file personal bankruptcy

By   /  Monday, November 8th, 2010  /  Features, Top Stories  /  Comments Off on SLO mortgage lenders file personal bankruptcy

The former president of now-defunct mortgage lender Cameron Financial Group has filed for personal bankruptcy, listing $33.1 million in debts and $2.6 million in assets. E. Shannon Faries and his wife, Olivia Faries, filed for Chapter 7 bankruptcy on Sept. 29, listing mostly debts from their now-bankrupt company, which was based in San Luis Obispo. Read More →

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Bright, but not as big: Solar projects could be downsized to protect wildlife

By   /  Monday, November 8th, 2010  /  Features, Green Coast, Technology  /  Comments Off on Bright, but not as big: Solar projects could be downsized to protect wildlife

The two massive solar projects winding toward approval on San Luis Obispo County’s Carrizo Plain could end up generating 30 percent less energy than the 800 megawatts their corporate backers would prefer. That is according to draft environmental impact reports circulating for the California Valley Solar Ranch, backed by San Jose-based SunPower Corp., and the Read More →

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Oil company association tarred Prop. 23

By   /  Monday, November 8th, 2010  /  Features  /  Comments Off on Oil company association tarred Prop. 23

Perhaps no ballot proposition divided California’s business community more than Proposition 23, the effort to kill California’s 2006 carbon emissions law. The initiative failed by a 61-39 margin. Had it passed, it would have suspended AB 32 until California’s unemployment rate stayed below 5.5 percent for a year, which has happened only a handful of Read More →

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New suit hits Brooks Institute

By   /  Monday, November 8th, 2010  /  Top Stories  /  Comments Off on New suit hits Brooks Institute

A former Brooks Institute of Photography student and his family are suing the school’s parent company and lender Sallie Mae, alleging that after he defaulted his student loans ballooned from $120,445 to more than $227,000 based on hidden terms and fees. The former student, Todd Marek, is suing Sallie Mae and two debt collectors in Read More →

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Editorial: Keep Oxnard business-friendly

By   /  Monday, November 8th, 2010  /  Editorials, Opinion  /  Comments Off on Editorial: Keep Oxnard business-friendly

There’s a bit of a “reform” movement afoot in Oxnard, the region’s largest city. Mayor Tom Holden won re-election even in the face of a district attorney’s investigation of some city officials, but the City Council has undergone some big changes. We hope the newly elected council members, Tim Flynn and Carmen Ramirez, remember Oxnard’s Read More →

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Editorial: Safe seats aren’t forever

By   /  Monday, November 8th, 2010  /  Editorials, Opinion  /  Comments Off on Editorial: Safe seats aren’t forever

Right now it’s hard to imagine the Central Coast represented in Congress by someone other than Elton Gallegly, R-Simi Valley, or Lois Capps, D-Santa Barbara. And it’s hard to imagine Assembly districts safer than the ones won by Democrat Das Williams or Republican Jeff Gorrell. But the day is coming when, thanks to redistricting, congressional Read More →

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Editorial: Memo to Abel: Keep political options open

By   /  Monday, November 8th, 2010  /  Editorials, Opinion  /  Comments Off on Editorial: Memo to Abel: Keep political options open

As we watched him speed across the state in search of votes for a long-shot bid for statewide office, Lt. Gov. Abel Maldonado’s passion for small business and the small-business owner left a big impression. Yes, in the crazy world that is California politics, the former Santa Maria city councilman finished short of the mark Read More →