Dollar will continue to reign supreme among world’s currencies
In a time of turbulence in global politics and economics, one thing remains constant. The dollar’s supremacy as the dominant currency for international finance and reserves is unchallenged — nor is it likely to be replaced anytime soon. That’s the theme of a new book by Benjamin “Jerry” Cohen, the Louis G. Lancaster Professor of Read More →
2016 expected to be good year for real estate in Tri-Counties
Despite the slight increase of interest rates and the drought’s persistence, real estate brokers are bullish on 2016. The Federal Reserve’s decision to gradually raise interest rates throughout 2016 will not likely have a short-term impact on development and real estate activity, industry sources told the Business Times. And while the city of Pismo Beach Read More →
New UC venture fund to pump $250M into spinoffs
There certainly is no shortage of money available for startup companies — total venture investments in 2014 were more than $57 billion, according to Dow Jones VentureSource, and there are signs 2015 could top that by billions. There hasn’t been this much cash flowing, particularly in the tech sector, since the late 1990s dot-com boom. Read More →
AppFolio, MindBody must become profitable
AppFolio and MindBody went through growing pains in 2015, spending more money than they earned. Now, 2016 needs to be the year of profitability. On one hand, AppFolio and MindBody successfully transitioned from promising young startups into growing young companies in 2015. As we head into 2016, though, both companies have yet to answer how Read More →
Uber Wine tough competition for tour operators
Wine country tour operators in Santa Barbara and San Luis Obispo counties have a formidable new competitor. Since April, Uber has been offering Uber Wine, a ride-sharing service to wineries and tasting rooms in the two counties. Michael Amodeo, a spokesman for Uber, said the company has provided thousands of rides to customers looking for Read More →
Fed rate increase should help take risk out of financial markets
The Federal Reserve’s decision to slowly begin the process of normalizing interest rates may not have all that much to do with the economy or inflation. The economy isn’t really overheated and any threat of inflation remains far off in the future. Parsing the Fedspeak of the Dec. 16 announcement that regulators are “reasonably confident” Read More →
Developers respond to aging workforce with senior housing
The Tri-Counties are preparing for the silver tsunami. The oncoming wave is the surge of the country’s aging workforce. Nearly one-fifth of the U.S. population will be 65 or older come 2030, according to the U.S. Census. There are dozens of housing developments in the pipeline throughout the Tri-Counties that aim to accommodate the rapidly Read More →
