Santa Barbara Bank & Trust Acquired by Union Bank (0)
4/12/12 •
Author: John Harris On the morning of March 12, San Francisco based Union Bank (“Union”) announced they would be acquiring Santa Barbara Bank & Trust for an estimated $1.5 billion. Shareholders of Pacific Capital Bancorp – parent company of Santa Barbara Bank & Trust – welcomed the news, as their shares rallied over 60 percent [...]
Recent Posts
Quarterly Update: The CBO Forecasts a “Rosy Scenario” (0)
11/29/11 •
Author: Llad Phillips The Congressional Budget Office (CBO) released its 2011 Long Term Budget Outlook in June of this year. There is an Abstract, a Summary, a Full Summary and the entire report (in pdf format) available at http://www.cbo.gov/doc.cfm?index=12212 . There is also a testimony of the Director of the CBO before the House Budget [...]
Update: Civilian Labor Force Participation (0)
11/16/11 •
Author: Llad Phillips Uncertainty continues about the economy and especially the labor and housing market. In this blog we examine the total number of unemployed in California. At its peak in the first quarter of 2010, the number of unemployed reached 2, 340, 000. The California Department of Finance predicts a decline in these numbers [...]
Comparing Recessions – Santa Barbara County (0)
11/03/11 •
It has been 3 years and 10 months since the start of the national recession as dated by the National Bureau of Economic Research. National measures of economic activity and labor market health continue to remain remarkably low, but how should we analyze how the local economy has responded to the “Great Recession”? A common [...]
Cooley-Rupert Economic Snapshot (0)
10/05/11 •
There has been much discussion of the current cycle as a “Great Recession” and many over-stretched comparisons to the Great Depression. In the Cooley-Rupert Economic Snapshot, Peter Rupert (UCSB, director EFP) and Tom Cooley (NYU Stern) believe the best way to characterize the current state of the economy is to present the data in a [...]
