Tag Archives: economy

What if Houston gets too hot?

Some cheery thoughts from the Wall Street Journal. Houstonians pride themselves on how they tolerate heat. This summer, the heat has become intolerable. Businesses and residents in America’s fourth-largest city have moved much of life indoors, changing work and spending … Continue reading

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The 2023 Kinder Houston Area Survey

One of the great things about Houston. Housing costs and the economy topped Houstonians’ concerns this year in the 42nd annual Kinder Houston Area Survey, which also showed a coalescing desire to close the income gap as residents reported widening … Continue reading

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There’s no cheap housing in Houston any more

What are we going to do about that? In the sprawling Houston region, those who could not afford homeownership in the city’s urban core always had options. They could trade proximity for affordability. But as rising home prices and mortgage … Continue reading

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A few words about the state of the Governor’s race

There are many factors. A school shooting in Uvalde that left 19 children and two teachers dead. The end of a nearly 50-year-old constitutional right to an abortion. A history-making spring in Texas is laying the groundwork for a contentious … Continue reading

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Texas misses the train

Greg Abbott’s border hostage-taking has a cost. The Mexican government said it intends to shift long-range plans to build a trade railway connection worth billions of dollars from Texas to New Mexico in the wake of Gov. Greg Abbott’s stepped-up … Continue reading

Posted in Bidness, Planes, Trains, and Automobiles, Show Business for Ugly People | Tagged , , , , , , , , | 1 Comment

Keeping the world safe from low tire pressure

Such a visionary. State troopers ordered by Gov. Greg Abbott to inspect every commercial truck coming from Mexico earlier this month — which clogged international trade with Mexico — found zero drugs, weapons or any other type of contraband, according … Continue reading

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Enron, 20 years later

Memories. It was hailed as the most innovative company in America, a hometown energy giant whose name graced one of Houston’s skyscrapers and the Astros ballpark. Enron was founded in 1985 as a natural gas pipeline company and became one of the largest … Continue reading

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The wrong track

Interesting, but there are some key questions left unasked. According to a poll conducted by Texas 2036, at least 92 percent of Texas voters said they were concerned about the future of the state, with 58 percent also stating they felt … Continue reading

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Our COVID failures and our economy

Remember when the goal was to get the economy going again? The recent surge in COVID-19 cases is not only hitting the state in terms of lives lost, but it’s taking its toll on the Texas economy. That’s according to … Continue reading

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Metro moving forward on new BRT line

As they should. Even with fewer riders hopping aboard and a more dour financial outlook, Metro officials say the agency is full steam ahead on a host of projects aimed at adding buses to scores of routes and neighborhoods. That … Continue reading

Posted in Planes, Trains, and Automobiles | Tagged , , , , , , , , , , , , , | 2 Comments

Our eroding reputation as a good place to do business

If we don’t have that, what do we have? Veteran Waco economist Ray Perryman is used to seeing an annual parade of best for business rankings that put Texas at the top. Those rankings shape perceptions about the state’s business … Continue reading

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Big XII accuses ESPN of sabotage

Interesting! In the long, sordid and divisive history of conference realignment, there has always been feverish levels of mistrust, backroom allegations and message board conspiracies when schools switch leagues. But in the decades of cloak-and-dagger maneuverings, political gamesmanship and rival … Continue reading

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Another data point on Biden and Latino support

Of interest. Hispanic voters were one of President Joe Biden’s biggest weaknesses in the 2020 election. Although sources differ on his exact margin, Biden’s advantage with Hispanics was the worst for a Democratic presidential nominee since 2004 — even as he … Continue reading

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What was the effect of Texas’ early re-opening?

Here’s a new study by a trio of economic researchers that attempts to answer questions about the behavioral, public health, and economic effects of Greg Abbott ending the statewide mask mandate and all restrictions on how businesses can operate, all … Continue reading

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Two arguments against Abbott’s rollback of extended unemployment insurance

It’s bad economic policy. “I’m still nervous that we’re bowing out of this program before the labor market is fully healed,” said Dietrich Vollrath, an economics professor at the University of Houston. “The bad consequences of doing too much is … Continue reading

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Trib polling roundup, part 3

Once more, with approval ratings. Texas Democrats think Joe Biden is doing a good job as president, according to the latest University of Texas/Texas Tribune Poll. Texas Republicans don’t. Overall, the president gets good grades from 44% of Texas voters … Continue reading

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The best time to buy a house in Houston was last year

Or the year before that, or the year before that… The O’Neals are part of a nationwide real estate frenzy playing out in Houston that is propelling prices to new highs. Houses are frequently drawing multiple offers, often above the … Continue reading

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Whither downtown?

Nobody really knows when or if Houston’s downtown will return to something like it was pre-COVID. Few areas of the local economy were hit as hard by the pandemic as downtown and few face as much uncertainty as the service … Continue reading

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The economic effects of voter suppression

From Forbes magazine last week: The Texas economy could take a massive hit if the state enacts new voting restrictions—potentially costing the state’s economy tens of billions of dollars and tens of thousands of jobs—according to a study from the … Continue reading

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DCCC starts with two targets in Texas

Consider this to be written in chalk on the pavement, pending the new Congressional maps. The Democratic Congressional Campaign Committee announced Tuesday that it will target two Republican-held districts in Texas — the ones currently held by Reps. Tony Gonzales … Continue reading

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What the American Rescue Plan means to Houston

First and foremost, no layoffs. Houston and Harris County are expected to receive more than $1.5 billion through the stimulus bill approved by Congress Wednesday, providing a massive cash injection that city officials say will help close a budget shortfall … Continue reading

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Abbott lifts statewide mask mandate

Unbelievable. Gov. Greg Abbott announced Tuesday that he is ending Texas’ statewide mask mandate next week and will allow all businesses to operate at full capacity. “It is now time to open Texas 100%,” Abbott said from a Mexican restaurant … Continue reading

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The economic hardship of the freeze

We may have power and water again (mostly), but some things that were lost can’t easily be gotten back. Last Tuesday, as Houston temperatures hovered below freezing for much of the day, Gloria Sanchez’s lights — and heat — cut … Continue reading

Posted in The great state of Texas | Tagged , , , , , , , | 1 Comment

Just raise the minimum wage already

It’s long overdue, it’s going to help a lot of people, and it’s just the right thing to do. More than a quarter of the Texas workforce — 3.5 million employees — would get a raise if Democrats succeed in … Continue reading

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Here’s the official budget forecast

“Could be worse” remains the watchword. Texas lawmakers will enter the legislative session this week with an estimated $112.5 billion available to allocate for general purpose spending in the next two-year state budget, a number that’s down slightly from the … Continue reading

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State budget situation not quite as awful as feared

Still bad, but could be worse. Despite “historic declines,” state lawmakers will have more money to work with in the upcoming legislative session than Comptroller Glenn Hegar expected over the summer, he said Monday. But Hegar did not outline specifics … Continue reading

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The economic effect of losing college football this fall

I have some sympathy, but I also have some skepticism. Texas’ five major conference football teams – Baylor University, Texas Christian University, Texas A&M University, Texas Tech University and the University of Texas at Austin — are massive economic drivers … Continue reading

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Rental assistance

We’re going to need a lot more like this. Houston on Wednesday added another $20 million to its rent relief program, aimed at helping thousands of tenants catch up on late rent payments. City council voted unanimously to add the … Continue reading

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Of course Abbott’s “Strike Force” are all Abbott donors

I have three things to say about this. Members of Republican Gov. Greg Abbott’s coronavirus “strike force” have contributed hundreds of thousand of dollars to his re-election campaign as the number of COVID-19 cases and the death toll has mounted, … Continue reading

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The cities still need COVID relief

Just a reminder, in case you’d forgotten. As Congress resumes work on a new coronavirus financial relief package, nearly 100 Texas mayors are pressing the state’s congressional delegation for more funding to address revenue losses incurred due to the economic … Continue reading

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The state deficit is quantified

Honestly, it’s not as bad as it could be. Texas Comptroller Glenn Hegar delivered bleak but unsurprising news Monday: Because of the economic fallout triggered by the coronavirus pandemic, the amount of general revenue available for the state’s current two-year … Continue reading

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A new homelessness initiative

Good. Harris County Commissioners Court voted unanimously on Tuesday to authorize $18 million for a two-year program serving the homeless as advocates project a rise in homelessness with the novel coronavirus. The program is the county’s most ambitious partnership with … Continue reading

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The pause effect on bars and restaurants

I feel terrible for them, but what could we do at this point? Ed Noyes was trying to get some shut-eye when he woke up to seven different texts Friday morning. Three of the five bartenders at his Fort Worth … Continue reading

Posted in Food, glorious food, The great state of Texas | Tagged , , , , , , , , , , , , , , , , , , | 2 Comments

Put a pause on that reopening

At this point, we had no other choice. Gov. Greg Abbott on Friday took his most drastic action yet to respond to the post-reopening coronavirus surge in Texas, shutting bars back down and scaling back restaurant capacity to 50%. He … Continue reading

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