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Almost $1 billion less in state's rainy day fund
The Austin American-Statesman
Postcards Blog Share    
Texas' piggy bank will be almost $1 billion lighter
than expected, according to a report released last week by Texas Comptroller Susan Combs. Combs revised her estimate for the so-called rainy day fund to $8.2 billion, down from her January projection of $9.1 billion. More
Home Solutions of America lied to inflate stock price before CEO sold, SEC alleges
The Dallas Morning News
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The U.S. Securities and Exchange Commission has accused a former Dallas-based hurricane restoration company and some of its former executives of reporting bogus multimillion-dollar business deals and fraudulently inflating its stock price before the former CEO sold millions of dollars in shares. In a civil complaint filed in U.S. District Court in Dallas, the SEC charged that
Home Solutions of America Inc., now based in New Orleans, issued news releases and filing statements with the SEC about false contracts and financial results after Hurricane Katrina in 2005 and other disasters.
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Texas House speaker sees fiscal scrape coming
The Dallas Morning News
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House members, who recently got some homework assignments, are clearly preparing for a fiscal meltdown. Among the "interim charges" to 31 committees handed out by Speaker Joe Straus, R-San Antonio – issues for lawmakers to study and consider – are examinations of tax changes that could boost state revenue and reinvigorate
Texas' flagging economy.
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We are a full service turn key flooring company specializing in
custom homes in the million dollar range. Our scope of work on this project includes installation of hardwood floors, stone floors, wall tiles and carpet. The projects that we work on are extremely detailed. Our installers are very experienced and can handle the most difficult projects. We use a variety of vendors so when people come to our beautiful showroom in Southlake, they can be assured to fine the latest trends in all flooring areas. MORE
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Government increases pressure on mortgage industry
The Associated Press via The Dallas Morning News
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Faced with sluggish progress in its
foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren't doing enough to help borrowers at risk of losing their homes. Treasury Department officials said they will step up pressure on the 71 companies participating in the government's $75 billion effort to stem the foreclosure crisis.
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Transportation Secretary Ray LaHood talks of hike in federal gas tax
The Fort Worth Star-Telegram
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Congress should consider raising the federal gas tax for the first time since 1993, Transportation Secretary
Ray LaHood said during a visit to Fort Worth. LaHood pledged to work with Congress on passing a five-year transportation bill in 2010. The main sticking point, he said, is that although about $500 billion in highway, bridge and transit needs have been identified, the federal gas tax - 18.4 cents a gallon for gasoline - can't generate that much revenue.
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Bill White's possible
candidacy in Texas governor's race reawakens Democrats' hopes
The Associated Press via The Fort Worth Star-Telegram
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His voice has a drone-like quality, and he admits that he's not the most television-friendly
politician in Texas. Even his name is bland: Bill White. But the Houston mayor has sparked rare excitement - and perhaps a few sighs of relief - among Texas Democrats who were approaching 2010 with the usual dread of certain defeat.
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Consultant has been on both sides
The Houston Chronicle
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Gov. Rick Perry and U.S. Sen. Kay Bailey Hutchison have at least one thing in common: a towering, 6-foot-4 New Hampshire political consultant named Dave Carney. Carney, 50, came to Texas in 1993 to manage Hutchison's special election campaign for the Senate. She won the race portraying the interim Democratic incumbent as a Washington insider.
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Engineering for Texas builders since 1964, MLAW provides soils reports, foundation designs, framing plans, wind storm plans, forensic engineering and inspections. www.mlaw-eng.com MORE |
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Hutchison education plan avoids discussion of costs
The Austin American-Statesman First Reading Blog
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U.S. Sen. Kay Bailey Hutchison took
to the campaign trail Monday to promote her education plan, which she first unveiled a couple of days before Thanksgiving. But there are two major elements missing from her plan: a discussion of how schools can cope with a shortage of money from the state, and an explanation of how she would pay for the new initiatives she has proposed.
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Perry seeks Hutchison backers
The Austin American-Statesman
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The high command of Gov. Rick Perry's re-election campaign is encouraging supporters to participate in something called Operation Intervention, which is an effort to convert supporters of U.S. Sen. Kay Bailey Hutchison before the election filing period begins Thursday. The goal of this operation seems to be persuading Hutchison to abandon her run for
governor.
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Texas factory output index turns positive
El Paso Times
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The Texas factory production index, a key indicator of state manufacturing conditions, turned
positive for the first time since July 2008, according to the latest Federal Reserve Bank of Dallas' Texas Manufacturing Outlook survey.
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Hurricane season ends with barely a whimper
The Associated Press via The Fort Worth Star-Telegram
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The Atlantic hurricane season ended Monday with barely a whimper: Not a single hurricane came ashore in the United States. Since June, when the season began, just nine named storms developed. Only three of them became hurricanes, and those stayed out at sea or weakened before passing over land. Two tropical storms made landfall in the U.S., causing little more than rain and some beach erosion.
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Nation's reliance on Texas Guard not slowing down
The San Antonio Express News
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During the Cold War, a Texas Army National Guard general only could have dreamed of leading a multinational command. The Guard
then was a reserve force, to be called up only in a third world war. But a decade after the Texas Guard first ran a multinational headquarters in Bosnia, the historic has evolved into the routine. Last month, Maj. Gen. Eddy Spurgin led the biannual "Bright Star" exercise in Egypt along with about 200 other Texans from the Texas Guard's 36th Infantry Division.
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Get the latest Texas Association of Builders news as well as information affecting the building industry by visiting www.TexasBuilders.org. For information about Education, Exhibits and Special Events happening at the 2009 Sunbelt Builders Show™, visit www.SunbeltBuildersShow.com.
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The NAHB University of Housing positions individuals to achieve the highest level of professionalism, participation, leadership and business profitability within the dynamic built environment. Building industry professionals recognize NAHB as a premier repository of housing
knowledge and regularly turn to the association for their continuing education needs.
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Today's homebuyers are making the investment of a lifetime and they want protection in the event their home develops a structural defect. Today's builders want protection from expensive
claims, lawsuits, and liabilities. Don't take a chance on good fortune! Our warranty begins on day one of closing and assumes a builder's liability for major structural defects for the next 10 years. Call StrucSure Home Warranty at 1.877.806.8777 or click here to learn more about how to protect yourself and build buyer confidence with the best warranty coverage available… FHA approved and HUD
accepted.
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Now no matter where you go, your home is within reach. That's because the Schlage LiNK™ System allows you to control access to your house as well as your lighting and air-conditioning from anywhere on your cell phone or computer. Receive text messages from
the lock when someone enters their code at the door, or turn on your lights before you enter your home. You can conserve energy by adjusting your Trane Remote Energy Thermostat, or adjusting your lights all through the easy to use Schlage LiNK™ Interface.
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Proud sponsor of the Texas Association of Builders since 2000.
Providing the highest quality insurance protection to the building industry since 1993.
www.mcg-ins.com
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Elsey & Associates is a full service independent insurance and risk management firm specializing in the construction industry. We are committed to serving the unique needs of all our clients. Helping our clients prepare for risk and prevent uninsured losses during these uncertain times is Elsey's most important mission.
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TruFlor T&G subflooring
is a great value for today's
smart builders.
Visit www.truflorOSB.com to find out why.
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