It’s the meeting no business owner wants, an adult equivalent to sitting in the principal’s office.
Only instead of a principal, the person calling you in is a banker. And instead of the dreaded “permanent record,” the folder on the desk is an agreement for a business loan, a line of credit, equipment financing or some other form of borrowed money that helps keep the company afloat.
Most recognized California as “the Golden State” long before lawmakers adopted the official nickname in 1968. But while California’s standing as the land of big ideas and golden opportunities is well-earned, so too is its recent reputation as a state in perpetual crisis. In few places is this more evident than the state’s ongoing debate over its aging and unsustainable water management system.
What’s your brain doing right now? What was it doing when you woke up, got hungry, went to work, danced, made love, got angry, got happy, fell asleep and dreamed? Judith Horstman is a local writer and frequent Comstock’s contributor. Her new book, “The Scientific American Day In the Life of Your Brain,” chronicles hour-by-hour what goes on in your brain through a typical day and night.
A drive past a neglected home in Natomas or a shuttered Mervyn’s in Roseville is more than a sign of the strained Capital Region economy. It is also an expensive risk that can hit property owners at the knees.
If there was a soundtrack to banking this summer, it sounded something like the theme from “Jaws” — tense, ominous and hinting at unknown dangers below the surface.
Uncle Bert seemed normal to me, so I wondered what was going on when a phone call ripped into an otherwise peaceful Monday. It was Dave, a trusted family friend. “Honey, your uncle has dementia, and all his friends are very concerned about it,” he said. “You need to do something.”
With the national economy stumbling along like a wounded animal, the only steady growth these days is in the number of workers being shown the door. But while layoffs can be demoralizing, those workers who remain on the job may find “the Great Recession” to be a huge career booster.
Mary Nichols is no stranger to innovation. As one of the nation’s first environmental attorneys, Nichols has spent her career protecting natural resources at the state and federal level. She also served as the California Air Resources Board Chairwoman from 1978 to 1983, and now she’s at it again.
It may seem odd that local colleges, universities and vocational schools are putting energy into building a large base of qualified workers in an economy that is already showing double-digit unemployment and forcing many to leave retirement.
The cost of lumber, steel, asphalt and other construction materials has been on a wild ride since the early part of this decade, but don’t be fooled by the relatively placid prices in 2009. Industry players say it’s likely just a brief respite before the roller coaster starts climbing again.
Liz Lum knew her 79-year-old mother, Anne Fong, wanted to live independently as long as possible, but Lum also knew that her mother’s Greenhaven house would need some modifications.
Terri Bacon participates in line dancing, water aerobics and a book club in her community, Glenbrooke by Del Webb, which targets active adults older than 55. She recently started a club that attends theater performances. “I’m busier here than I’ve ever been, and I’m doing things that are worthwhile,” says Bacon, who turns 62 this month.
The new-home market in Solano County soared even higher than that of California as a whole, and it fell harder too.
Many things can claim victim status in the wake of the current economy, but local MBA programs aren’t one of them.
Despite significant tuition costs, ranging from $12,000 to $40,000, MBA programs are at worst holding steady in enrollments, and many are actually enjoying surges — not just in applications but in qualified applications.
The smart landlords are doing whatever it takes to keep old tenants and lure new ones. That includes free rent, bigger allowances for tenant improvements, free signs and plain old cash. “If there is less than two years remaining on the lease, a savvy landlord really should be talking to them about extending,” Frisch says. “Oftentimes landlords and property managers don’t start that conversation until it is much later in the lease term.” But if a tenant is in good enough financial shape to keep paying the rent, very few landlords will renegotiate a deal with more than two years left, Frisch says.
California is running out of money, pure and simple. As we go to press, the state is finalizing the budget and lurching from one financial crisis to the next thanks to elected leaders who put politics above fiscal responsibility.
Late on a work night, Amy Mathews picked up her ringing BlackBerry to find a frantic customer on the other end. On an airplane nearing departure for Buenos Aires, a woman realized her debit card was on the verge of expiration. She would be out of the country for weeks without an easy way to access cash. Mathews knew she held the solution in her palm. From her BlackBerry, the corporate banking manager at Mechanics Bank fired off a couple emails and got a new debit card ordered in minutes.
Boomers are booming, and skilled-nursing and long-term care facilities are struggling to keep up. But the focus isn’t on beds and population numbers alone. Baby boomers are a picky bunch, and they’re not likely to rest easy with the status quo, say caretakers, many of whom are seniors themselves. That’s part of the reason rehab care has taken on a new face in the past few years, one that’s focused on a philosophy change about senior care.
For all of us at Comstock’s, this month is a cause for great celebration — and for a sobering assessment. We are celebrating 20 remarkable years in the business of delivering insightful commentary to the Capital Region’s business leaders. At the same time we are assessing what the next year or two, or 10, will mean for the magazine and for all of us in the region.
Pamela Eibeck has made a career of distinguishing herself in the male-dominated fields of engineering and college administration while balancing life as a wife (of law professor William D. Jeffery) and mother of four children. This month, she reached another milestone and is reporting to a new job. Eibeck is the first female president in the 158-year history of University of the Pacific.