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Journal Article
Noteworthy: energy: new Texas LNG terminals put on hold
Journal Article
Noteworthy: Texas trade: exports take a turn for the worse
Exports have gone from a source of strength to a drag on the Texas economy. The state's real exports declined nearly 20 percent from their peak in second quarter 2008 through first quarter 2009, ending a five-year growth spurt.
Journal Article
Noteworthy: hurricane season, venture capital, exports
Ike deals severe blow to Texas economy. Texas investment funding slips in 2nd quarter. Latin America, China lead Texas surge in overseas sales.
Journal Article
Fed confronts financial crisis by expanding its role as lender of last resort
The current recession has deepened because of shrinking credit flows from banks, nonbank lenders and securities markets. This contrasts with the early 1990s, when new bonds and commercial paper cushioned a bank credit crunch, and with the high-tech investment bust of the early 2000s, when steady bank lending lessened the impact of receding bond and equity finance markets. ; This time, breakdowns in key credit markets posed great risks to the financial system and the broader economy. The Federal Reserve responded with unprecedented measures, expanding its role as lender of last resort in an ...
Journal Article
Noteworthy: agriculture: Texas rice acreage grows with prices
Journal Article
Noteworthy: housing: tax credit boosts sales to first-time homebuyers in Texas
The beleaguered Texas housing market has been getting some help from Washington's attempts to revive the economy. First-time homebuyers in the state are taking advantage of tax credits of as much as $8,000 provided by the American Recovery and Reinvestment Act of 2009.
Journal Article
Noteworthy: demographics, auto industry, Texas jobs
Journal Article
Regulatory and monetary policies meet \\"too big to fail\\"
In 2010, the U.S. economy has been showing signs of pulling out of its tailspin. But questions remain about why it took so much monetary policy firepower to deal with the crisis.
Journal Article
Fed policy in the financial crisis: arresting the adverse feedback loop
An adverse feedback loop takes hold when a weakening financial system and a slowing economy feed off each other. A crisis or shock curtails lending, hobbling the real economy; the more production and employment falter, the more lending contracts. ; Arresting the adverse feedback loop could prove to be the seminal challenge of early 21st century monetary policymaking. Since sounding the alarm in January 2008, the Fed has taken a series of actions--many unprecedented--to prevent additional damage to financial markets and restore lending activity. These policies have had some success in ...