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Home   About Us   Membership   Education   Events   Contact Us           February 03, 2015

 



Texas bearing brunt of drop in oil drilling
The Texas Tribune
Want a concrete sign of the oil industry's troubles? Just look to the horizons of Texas' drilling country, where rigs are laying down like willows after a windstorm. Due to a mix of geopolitics and supply and demand, the per-barrel price of West Texas crude has plummeted to around $50, less than half what it was worth last June. After months of lag time, nightmares about idled rigs have become reality, and they are hitting Texas the hardest.
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Fed economist: Texas, DFW growth will slow but won't stall in 2015
Dallas Business Journal
Economic growth will slow in Texas in 2015 as repercussions of falling oil prices ripple through the state, a Federal Reserve economist said in a manufacturing summit in Dallas. How much growth will slow remains unclear, said Jesus Canas, business economist with the Federal Reserve Bank of Dallas.
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Lawmakers want to expand screening for illegal workers
The Texas Tribune
One of former Gov. Rick Perry's last efforts to address border security and immigration doesn't go far enough for some lawmakers who returned to Austin. Just weeks before finishing his term, Perry issued an executive order requiring state agencies under his direction to start checking whether job applicants can legally work in the country using the federal E-Verify system. Perry's order also applied to companies that have, or are seeking, contracts with the state.
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Texas home sales up 8.46 percent in fourth quarter
The Dallas Morning News
Texas home sales scored their second best year ever in 2014, according to a new report from the Texas Association of Realtors. Real estate agents sold 66,664 homes in the state during the final quarter of 2014, according to the Realtors' association. And for all of last year, more than 284,000 houses in the state changed hands.
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Texas Republicans balk at taxing the wealthy in Obama budget
Houston Chronicle
The battle over the 2016 budget that President Barack Obama submitted to Congress took on a familiar contour among Texas lawmakers, where the $4 trillion spending plan was widely panned by Republicans. Despite a $38 billion increase in defense spending that could be a boost to the Lone Star state's large military communities, the president's plan to dial back tax breaks for the wealthy appears to have little life in the Republican-led Congress.
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Gun debate turns wild as Legislature starts
Midland Reporter-Telegram
The Texas gun debate has gone wild, wild west. A confrontation between gun owners and a state lawmaker who later was given a state security detail. Panic buttons installed in legislative offices. Guns made and displayed at the Capitol gates. What many thought was a slam-dunk in the Republican-controlled Legislature — allowing the open carry of handguns in Texas — turned into a tempest in the opening weeks of the session. And its chances of passing seemed to further diminish when one of the state's most outspoken conservatives flip-flopped on whether it's even a priority issue.
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Budget writers weigh public integrity unit
Houston Chronicle
The public integrity unit, despite being hobbled by former Gov. Rick Perry's funding veto, is investigating an elected official and 18 lower-level employees or figures on public corruption allegations, the unit's director said. The public corruption cases are just a fraction of the overall caseload for the unit under the Travis County district attorney's office, director Gregg Cox told the Senate Finance Committee.
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Rand Paul casts eyes toward Texas
The Hill
Sen. Rand Paul, R-Ky., is already angling for a share of the 153 Republican delegates in Texas who will be up for grabs in early 2016. Most of the media's attention is focused on Iowa and New Hampshire, the first two contests of the Republican presidential primary. But Texas, the biggest Republican state in the nation, holds more delegates than four key states ahead of it on the calendar.
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Israeli company eager to solve Texas' water woes with desalination
Austin Business Journal
A well-established Israeli water treatment company has opened its first U.S. office in Austin with plans to market its desalination services to water utilities in Texas and across the nation. The company, Kadima, Israel-based IDE Technologies Inc., has brought on Mark Ellison — who most recently served as former Gov. Rick Perry's manager of strategic water initiatives in the Texas economic development office — to establish the company's presence here.
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Luxury home builder prepares for flood of Exxon employees north of Houston
Dallas Business Journal
As soon as Exxon Mobil Corp. announced plans to build a new corporate campus north of Houston in 2011, local home builders swung their hammers into high gear. In anticipation for a flood of 10,000 Exxon employees, developers bought acres of land across northwest Houston and catapulted into a home building frenzy. Exxon is based in Irving. Today, home builders like Gracepoint Homes are starting to see the fruits of their labor.
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Colby Horton, Vice President of Publishing, 469.420.2601
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