Out of 26 million Texans, you may have an idea to change the world. You may have had several ideas to change the world. But only a tiny minority of you pushed through the U.S. Patent office from application to successful patent. We've seen Texans change the world many times over. Jack Kilby did it with Texas Instruments in 1958 with the integrated circuit, causing the start of the digital revolution, which, in part, is why you can read these words over your electronic device.
Over the last few years, Texas Business has brought its feature: Texas Business Patent of the Day. This list is of the ones that were either extremely clever, odd or strange. One thing becomes apparent from these patents and the patent that runs daily in Texas Business—Texans have a unique mind set.
Though the history of the Corn Dog is disputed, the State Fair of Texas claims to have introduced the Corny Dog sometime between 1938 and 1942. As a paean to that invention that now sits in the freezer section of every grocery store in the southwest, here are the fried foods the State Fair of Texas has introduced, or tried to introduce, in the last seven years.
Don't get caught up with John Wayne religion. For one thing, he's not Texan. He's in some fine movies involving Texas, most notably The Searchers, but none of his movies can make the best cut of Texas movies. Here's the short list.
Unsung Texas Business Journalists Mention that one is a reporter, and there's a spark of interest. Mention that one is a business news reporter, and watch the eyes glaze over. Except to the players, business and economic journalists are unappreciated. While many wish to become sports reporters when they grow up, most do not realize that business journalists cover the Real Game. Mention that reporter covers business, and watch the eyes glaze over. A toast to these below on the short list and the numerous unnamed ones slogging away. Full Story » TexasBusiness.com
Best Texas Mexican Food: The Short List No, we're not going to debate the difference between Tex-Mex, Mex-Tex, Mexican and Texican food. Just know these establishments are the pinnacle of Texas Mexican fare. No brag, just fact. Full Story » TexasBusiness.com
Best Texas Burgers Texas Burgers. . While a hamburger is merely sustenance and gratification for a meal, the memory a good Texas burger can give rise to Homeric odes. The short list. Full Story » TexasBusiness.com
Texas Business reports: DFW AIRPORT, Texas—Dallas/Fort Worth (DFW) International Airport is now contributing more than $31 billion dollars worth of economic impact into the Dallas/Fort Worth region every year, according to a new study by the University of North Texas (UNT) Center for Economic Development and Research.
Teas Business reports: Retail sales grew in October, according to business executives responding to the Texas Retail Outlook Survey. However, the sales index fell from 16.5 to 7.9, suggesting slower growth. Inventories rose.
Texas Business reports: Growth in Texas service sector activity slowed in October, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, remained positive but dipped from 8.9 to 5.3.
Texas Business reports: Texas factory activity picked up further in October, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose from 11.5 to 13.3, suggesting output increased at a slightly faster pace than in September.
Texas Business: AUSTIN—The Moody Foundation announced a $50 million commitment to establish the Moody College of Communication at The University of Texas at Austin, resulting in the largest endowment for the study of communication of any public university in the nation.
Texas county jails spent more than $156.6 million housing more than 131,000 undocumented immigrants with federal detainers between October 2011 and September 2013, according to state jail commission data.
Texas Business reports: Texas factory activity expanded in September, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose from 7.3 to 11.5, suggesting output increased at a slightly faster pace than in August.
HOUSTON — Five years after Hurricane Ike slammed into the Texas Gulf Coast, causing more than $30 billion in damage and killing at least 37 Texans, cities across the region have trumpeted their rebuilding efforts.
WEST — Nicky and Robert Lednicky had their future figured out.
The couple, each approaching 80 years old, planned to spend their remaining years in the West Rest Haven nursing home. But everything changed on April 17, when a West Fertilizer Co. plant explosion killed 15 people and devastated this Central Texas town.
As the Highland Lakes that supply Austin's water continue to dwindle, the Lower Colorado River Authority may take the unprecedented step of cutting off freshwater flows it normally releases from the lakes into Matagorda Bay.
Texas Business reports: Short-term indicators sent conflicting signals in July and August. Forecasts for growth are lower than desired, and housing, labor and business market data are disappointing. But there are encouraging data as well, and brighter medium-term evidence suggests that the weakness is likely a deviation from an upward trend.
Texas Business reports: Regional economic activity rose at a slightly faster pace during the past six weeks. Employment growth picked up in July, and the August reading of the Texas Service Sector Outlook Survey (TSSOS) suggested a pickup in activity, particularly in the retail sector. Export growth was robust in July after pausing in June, and energy activity strengthened.
Texas Business reports: The state of Texas plans to give $3 million through the Texas Emerging Technology Fund (TETF) to create the Center for Cell and Organ Biotechnology in collaboration with the Texas Heart Institute (THI) and Texas A&M University College of Veterinary Medicine and Biomedical Sciences.
Texas Business reports: Retail sales climbed again in August, according to business executives responding to the Texas Retail Outlook Survey. The sales index advanced from 12.6 to 21.1, its highest reading in 11 months. Inventories grew.
Texas Business reports: Texas service sector activity expanded in August, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, edged up from 12.7 to 13.6, its highest reading in five months.
Texas Business reports: Texas factory activity increased but at a slower pace in August, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, remained positive but fell from 11.4 to 7.3.
LAREDO — The water misters set up to cool pedestrians in line at one of the bridges connecting Nuevo Laredo, Tamaulipas, and this South Texas city did little to quell the sweltering heat on a recent summer day.
Starting next year, you'll be paying more in taxes for the margarita you order to wash down those enchiladas at your favorite taqueria while the restaurant saves a bundle on liquor taxes under a new law the Legislature approved this year.
Texas Business reports: Retail sales improved notably in July, according to business executives responding to the Texas Retail Outlook Survey. The sales index jumped back into positive territory to 12.6, its highest reading since January. Inventories increased.
Texas Business reports: Texas service sector activity expanded in July, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, rose from 6.8 to 12.7, indicating activity picked up pace this month.
Texas Business reports: Texas factory activity continued to expand in July, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell from 17.1 to 11.4, suggesting output growth continued but at a slower pace than in June.
Global Growth Prospects Downgraded as China Loses Momentum Texas Business reports:The global outlook has weakened. The Organization for Economic Cooperation and Development’s May Economic Outlook posted a downward revision to global growth for 2013—from 3.4 to 3.1 percent—and 2014—from 4.2 to 4.0 percent. This is in response to a slowdown in many emerging economies, particularly China, and a prolonged recovery in the euro area. In first quarter 2013, the euro-area contraction was more severe than anticipated, which offset higher-than-expected growth in Japan. Slowed growth and low commodity prices have given way to disinflationary pressures, allowing monetary easing across the board, with the exception of Brazil and Indonesia. Full Story » TexasBusiness.com
Texas Business reports: Mexican economic indicators in recent months have been mixed, pointing to either continued modest or decelerating growth. Exports are down year to date, and industrial production continues falling. Employment growth was strong in April, but payrolls have grown more slowly this year than last. Retail sales ticked up in March but not enough to overcome the year-end slump. The rate of inflation was unchanged in May, and the peso reversed course and lost some ground against the dollar.
Texas Business reports: Perceptions of broader economic conditions continued to reflect optimism in June. The general business activity index rose slightly from 1.3 to 4.8. The company outlook index dipped from 6.2 to 4.3, with 18 percent of respondents noting an improved company outlook over the prior month, compared with 14 percent reporting their outlook had worsened.
As a business owner, would you sign a contract that requires you to purchase a product, give that product away and then request payment from a third party without knowing how much you’d receive? What if you also didn’t know how much you’d be reimbursed before signing the contract, and that the other party could change that reimbursement rates without notice?
Texas Service Sector Activity Expands, But at a Slower Pace Texas Business reports: Growth in Texas service sector activity slowed in June, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, remained positive but fell 5 points to 6.8.
Texas Business reports: Texas factory activity increased sharply in June, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose six points to 17.1, posting its highest reading in more than two years.
As the Texas Department of Criminal Justice adjusts to both a tighter budget and a smaller prison population, it has decided to end operations at two privately run Texas prison facilities — the Dawson State Jail in Dallas and the Mineral Wells Pre-Parole Transfer Facility — at the end of the summer.
Texas Business reports: HOUSTON—ClearCorrect LLC, a manufacturer of clear aligners, announced plans to relocate its corporate headquarters and manufacturing facility from Houston to Round Rock, Texas later this year.
The difference between the actual and potential output of an economy—widely known as the output gap—is so critical to central bank policy that scholars and policymakers devote a great deal of time and effort to estimating it and, accordingly, deciding how much to adjust various monetary instruments. Correctly gauging the output gap is particularly difficult because an economy’s potential output is not directly observable.
Full Story » Carlos E.J.M. Zarazaga for the Federal Reserve Bank of Dallas
Texas Business reports: HOUSTON—If the climate continues to evolve as predicted by the Intergovernmental Panel on Climate Change, the United States stands little to no chance of satisfying its current biofuel goals, according to a new study by Rice University and the University of California at Davis.
Texas Business reports: Texas total nonfarm employment increased by 33,100 jobs during April 2013. Between April 2012 and April 2013, Texas total nonfarm employment increased by 3.0 percent, the State Comptroller reported.
SAN ANTONIO — As the sun sets every summer night at Bracken Cave in the Hill Country, a vortex of Mexican free-tailed bats rushes forth. For as long as four hours in the evening, a continuous stream of bats leaves the cave to dart south, over the tree line, for their nightly hunts. The scene at the cave is repeated in reverse at dawn when the bats return.
Texas Business reports: WACO—When their schools are near fast-food restaurants, black and Hispanic adolescents are more likely to be overweight and receive less benefit from exercise than Asian or white students, according to a study published in the current issue of Journal of Public Policy & Marketing.
It’s been just over a year since a Japanese-backed firm announced plans to build a 205 mph bullet train between Houston and North Texas, and elected officials and advocates are anxiously waiting for more details.
Texas Business reports: AUSTIN, Texas — Founders of successful companies tend to exhibit personality traits that make them more socially engaging, creative and able to handle stress than nonentrepreneurs, according to new research from the University of Jena in Germany and The University of Texas at Austin.
Texas Business reports: Immigrants, Latinos, and Asians account for growing shares of the economy and electorate in Texas, according to the Immigration Policy Center. Immigrants (the foreign-born) make up roughly 1 in 6 Texans, and one-third of them are naturalized U.S. citizens who are eligible to vote.
Texas Business reports: Retail sales improved notably in May, according to business executives responding to the Texas Retail Outlook Survey. The sales index climbed back into positive territory, gaining 16 points to reach 11.6. Inventories were largely unchanged.
Texas Business reports: AUSTIN—The economic status of African Americans in Texas has significantly declined during the first decade of the 21st century, according to a policy report released by the Institute for Urban Policy Research & Analysis (IUPRA) at The University of Texas at Austin.
The Texas News Scrawl is a handy reference to stories Texas Business recommends from other news sources. Some of the stories that Texas Business currently suggests include: Southwest Airlines wants American Airlines’ two gates at Love Field; Rule could mean lights out in Texas; Free encyclopedia called in lawyers after 300 'sock puppet' accounts were traced to Texas firm; The economics of Marfa; Famed Austin Nightclub Is Sold; Cinemark opening Movie Bistro in El Paso; Blockbuster Fades Out, But Some Texas Zombie Stores Will Live On; IBM debuts major new Austin design studioMexican Coke to Go the Way of Dublin Dr Pepper;and more.