Pacific Coast Business Times

Lucia aquires West Coast Asset Management office, key staff

West Coast Asset Management, the alternative investment firm founded by Paul Orfalea and family member Lance Helfert, is merging with a San Diego-based money manager. … The combined company will continue to operate from West Coast Asset Managment’s office on Coast Village Road in Montecito; Helfert and WCAM chief investment officer Atticus Lowe will be joined by the Lucia team. … Founded in 2000, WCAM developed a value-oriented strategy for equity and fixed income investing. Lowe, a Westmont College graduate, was a key architect of the strategy. more

20 years of honoring innovation: South Coast Business & Technology honorees announced

The dinner regularly draws more than 600 leaders from the civic, nonprofit and business worlds each year. Organized by the Scholarship Foundation of Santa Barbara, this year’s event is expected to raise more than $130,000 for scholarships that will be awarded to students who are working toward business or technology degrees at UC Santa Barbara, Santa Barbara City College, and Westmont College. Over the years, the dinner has raised nearly $1.5 million in scholarships for 600 students. more

Who’s Who in Nonprofits & Foundations

President, Westmont College, Santa Barbara

President, Westmont College, Santa Barbara

Op/ed: Third-World infrastructure hampers Vietnam’s progress in fast-growth Asia

Former Westmont College professor David Newton is a Santa Barbara-based new venture consultant, author and adjunct professor with The Rady School of Management at UC San Diego and the Pepperdine MBA programs. more

Op/ed: Central planning still rules China’s economy

Former Westmont College professor David Newton is a new venture consultant, author and adjunct professor with The Rady School of Management at UC San Diego… more

Analysis: Region’s students take on less college debt than peers do

While the college debt crisis has been making national headlines in recent years, students who graduated from a California school are faring relatively well compared to their counterparts in other states. … There are two private nonprofit colleges in the region, California Lutheran University in Thousand Oaks and Westmont College in Montecito. more

 

Powell urges sequester compromise at speech in SB

Saying that “you couldn’t run a 7-11 the way we are running the country,” former Secretary of State Colin Powell urged the White House and Congress to work together to end the budget cuts set to kick in at midnight on March 1. Speaking at Westmont College’s annual President’s Breakfast in Santa Barbara on Friday morning, Powell said that zealots “on the right wing and the left wing have seriously damaged” the nation’s political system. more

From billboards to board bags: Rareform recycles signs into surf gear

A Ventura County startup is turning old billboards that would otherwise be headed to landfills into snazzy surfboard bags. Rareform launched its products a few weeks ago, but the idea has been brewing for much longer. After Alec Avedissian graduated from Westmont College in Santa Barbara, he traveled to El Salvador. While there, he noticed people along the coast putting the vinyl from discarded billboards to a creative new use: roofing material. more

Gates: ‘Compromise has become a dirty word’

Former Defense Secretary Robert Gates delivered a ringing endorsement to California’s citizen-led redistricting effort, saying in a March 2 speech in Santa Barbara that extreme forces on the political left and right must learn to compromise if America is going to get its fiscal house in order. “We have the power and the means to overcome” the economic and security challenges of the 21st century, Gates told about 700 business and community leaders at the annual Westmont College President’s Breakfast. more

A peek into the future: Super-smart devices that blend into your life seamlessly

Cyber-technologists have long anticipated an era when individuals manage every aspect of their information through userfriendly, interactive “lifestyle” devices that merge seamlessly into our everyday lives. The 2012 Consumer Electronics Show made a strong case that such an era is upon us, if not already in place. … David Newton is a professor of business and entrepreneurship at Westmont College in Santa Barbara. more