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The unsinkable Texas economy
Journal Article
Spotlight: Texas subprime mortgages: metros vary on risky loans--and delinquencies
The current financial crisis has brought a severe decline in subprime mortgage lending. Like the nation, Texas and its metros still have exposure to existing loans. Housing prices, unemployment and overall economic activity will play a significant part in determining how many of them run into trouble.
Journal Article
Will new business tax dull Texas' competitive edge?
In today's global economy, high corporate tax rates are more harmful than ever because it has become easier for mobile productive resources to cross borders in search of more favorable business climates. ; Nations seem quite aware of this. The European Union's corporate tax rates have fallen by a third over the past decade, with five member states making cuts in 2006 alone. Asian nations, too, have responded to global competition by reducing the tax bite on business. In fact, all members of the Organization for Economic Cooperation and Development impose lower corporate tax rates than they ...
Journal Article
Affordability and education: keys to San Antonio's long-term growth
This article analyzes San Antonio's competitiveness compared with a group of peer MSAs defined by similar attributes of location, industry composition, demographics, tourism and population size. Our analysis finds that San Antonio remains very economically competitive and likely will continue to enjoy above-average growth in the long run, although the Alamo City does face long-term challenges due to a less-educated population.
Journal Article
Noteworthy: Texas agriculture: drought damages mount for farmers, ranchers
A drought that has persisted for two years shows no signs of relenting, taking an increasing toll on Texas agriculture.
Journal Article
Texas Manufacturing Survey offers advance look at state and national economies
Business tendency surveys are designed to provide more timely information on economic conditions than otherwise available. Texas Manufacturing Outlook Survey variables have broad explanatory power for Texas and national economic indicators. TMOS for a given reference month is available up to a month before other Texas data are available. The survey figures appear to measure what they were intended to measure. Moreover, although TMOS was designed for--and is most useful in--understanding the Texas economy, it can also contribute to explaining national developments.
Journal Article
Recession arrives in Texas: a rougher ride in 2009
Through much of 2008, the Texas economy continued to expand while the nation fell into recession. Growth in the energy and high-tech sectors and rising home prices were key factors in making Texas' economy one of the nation's strongest. ; In the last half of the year, however, the state's economic conditions deteriorated rapidly. The weakening was primarily due to the deepening global financial crisis and sharp declines in energy prices, high-tech activity and exports. ; Indicators suggest Texas trailed the official December 2007 start of the U.S. recession by at least six months. So far, the ...
Journal Article
Spotlight: El Paso Medical School: New facility kindles hopes for well-paying jobs
El Paso's efforts to move beyond low-wage manufacturing and services jobs will get a boost from next year's opening of a new medical school. Along with other new and expanded health care facilities, the school could serve as a catalyst for bringing well-paying professional jobs to West Texas. ; The Paul L. Foster School of Medicine will be the 10th medical school in Texas and the state's first new one since 1977. Perhaps more important, it will be the first U.S. medical school along the 2,000-mile border with Mexico.
Journal Article
Rising protectionist threat creates risks for Texas
Expanding trade has brought jobs and business to Texas, but has left the state particularly vulnerable to antitrade actions. Texas would suffer greatly if the U.S. and other countries implement protectionist measures.
Journal Article
The Texas economy: beyond the boom and bust