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Home    Education    Legislative    Publications    Calendar    Sunbelt Builders Show    Resources Aug. 10, 2010

BP, Department of Justice agree to $20 billion escrow fund
The Houston Business Journal    Share   Share on FacebookTwitterShare on LinkedinE-mail article
The U.S. Department of Justice said it has completed negotiations to create a $20 billion fund to provide the resources needed to help those impacted by the oil spill in the Gulf of Mexico. President Barack Obama asked BP Plc to create that fund in June. "We have made clear that the company still needs to ensure that the necessary funds will be available if something happens to the subsidiary that established the trust and we look forward to completion of an appropriate security arrangement in the near future," U.S. Associate Attorney General Tom Perrelli said in a news release. More



Dallas-Fort Worth home sales fall 29% from a year ago
The Fort Worth Star-Telegam    Share    Share on FacebookTwitterShare on LinkedinE-mail article
North Texas home sales fell 29 percent in July compared with a year earlier, but the median home sales price still rose 1 percent, to $155,000, the latest Texas A&M Real Estate Center report shows. "It's good news, bad news," said Jim Gaines, an economist with the real estate center. More

Texas: BP refinery emitted toxic chemicals
The Associated Press via The Houston Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
BP illegally emitted nearly 500,000 pounds of toxic air pollutants at its Texas City refinery during a 41-day period this spring, the state attorney general contends in a lawsuit. According to the lawsuit filed in state district court in Austin, BP's poor operation and maintenance for those days in April and May were the primary cause of the toxic emissions of cancer-causing benzene, carbon monoxide and nitrogen oxides. BP could be fined up to $25,000 per day for each violation. The Texas City refinery is the nation's third-largest, about 30 miles south of Houston. More

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Obama stumps in Texas: President touts education goals in UT Austin speech
El Paso Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Wooing Texas is not an easy feat for Democratic President Barack Obama, but on Monday an audience in the state's capital roared with applause when he proclaimed that "education is the economic issue of our time." Despite being in the heart of a Republican-dominated state, Obama was on friendly ground as he addressed a crowd of about 3,500 people — most of them students — at the University of Texas at Austin. More

Gov. Rick Perry delivers letter to President Obama
The Associated Press via The Brownsville Herald    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Texas Gov. Rick Perry has hand-delivered a letter to President Barack Obama warning about the "dire threat" from drug violence along the U.S.-Mexico border. Perry, dressed in a tan suit and cowboy boots, handed the letter to Obama adviser Valerie Jarrett Monday after greeting Obama at the airport in Austin. More

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Stroud: Gov. Perry says Austin hasn't changed him
The San Antonio Express-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
You probably won't see a "Plant Trees and Sing Songs" bumper sticker on Gov. Rick Perry's car. He says Austin hasn't changed him. Sure, it's the most liberal city in Texas, a place that has always worn its weirdness on its sleeve. And sure, Perry has lived there since 1991, not long after he became a Republican. It's where his two children, now in their 20s, grew up. More

Gubernatorial hopeful White makes Abilene visit
The Abilene Reporter-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Democratic gubernatorial candidate Bill White visited Abilene on Monday as President Barack Obama, the most prominent member of his party, was fundraising in Austin and Dallas. White started Monday with a public forum in Midland, and then he visited the Reporter-News editorial board and other local media in Abilene. He finished the day at a fair in Alvarado. More



State rail fund remains empty
The Dallas Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A fund aimed at improving freight rail lines statewide, such as Fort Worth's troubled Tower 55, is sitting empty — and recent developments suggest it is likely to remain that way a while longer. Rail proponents have been waiting for five years for state officials to fund the Texas Railroad Relocation and Improvement Fund. More

Austin, Travis County, U.S. Fish and Wildlife face litigation over endangered species protection
The Austin American-Statesman    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Two environmental groups said that they would sue the City of Austin, Travis County and the U.S. Fish and Wildlife Service for what they claim is a failure to fully protect endangered songbirds. The Save Our Springs Alliance and the Austin chapter of the Sierra Club say the governmental authorities have not lived up to their commitment to set aside land for the songbirds and protect caves that are home to other endangered species. More

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Senate passes NASA budget
The Galveston County Daily News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The U.S. Senate approved a NASA authorization bill that strikes a compromise between President Barack Obama's commercial space flight goals and plans for a NASA-controlled heavy-lift rocket and crew capsule. The Senate bill rejects Obama's plan to rely on commercial development of a vehicle to take astronauts and cargo to the International Space Station. The bill cuts Obama's proposed money for commercial development by two-thirds. More


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 2010 Sunbelt Builders Show™, visit www.SunbeltBuildersShow.com.

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