The Great Recession is a thing of the past in Texas, according to a study by Wallet Hub. The website ranked the economic recoveries from the Great Recession of America's 150 largest cities by non-metro population, and Texas cities were atop the pack. Wallet Hub used 18 metrics in its study, brok ... More >>
Before Nixon exposed the cracks and Reagan finally broke the back of the "New Deal Coalition" -- the voting groups that comprised the Democrats' electoral advantage for over a generation: big city machines, labor unions, minorities (racial, ethnic and religious), liberal farm groups, intellectuals, ... More >>
The GOP's ill-fated strategy to defund Obamacare via a government shutdown ended in a political defeat for the Republicans. But the Libertarian Party was happy: "Elected Republicans in the House can stimulate the productive private sector by slowing down Big Government," said Geoffrey J. Neale, cha ... More >>
"The market is the best mechanism ever invented for efficiently allocating resources to maximize production . . . I also think there is a connection between the freedom of the marketplace and freedom more generally." -President Barack Obama We live in an era where income inequality is its grea ... More >>
The offer on the house you make today may be undercut tomorrow by the new rules governing appraisals.
We never expected to find a home as quickly as we did. When my fiancée and I started looking, we assumed we would casually search until after our wedding in October, then get serious. But as we watched interest rates slowly begin to tick upward, we decided to speed up the process. Even then, we ass ... More >>
The use of debit cards has markedly increased since the recession that began in 2008. Conversely, credit card use has lessened despite the fact that a healthy rebound from the recession has seen dramatic spending increases from the average consumer. This is all according to a survey of more than 600 ... More >>
Some records were made to be broken. Whether it's the most home runs in a season, building the world's tallest skyscraper, or serving the world's best cup of coffee -- these are all records people are aiming to bust right through. However, it's unlikely the Houston energy traders working for JP Mo ... More >>
Reading all the recent praise that has been heaped on Houston for our economy, gay mayor, food and whatever else people can dream up has made me a little nervous. From Hellhole to City of the Future in just a few years? How can that be? Well, according to The Atlantic, it's because we are an unstop ... More >>
This year will mark the 136th time the Cattle Raisers Convention has met, but it's in a climate that these cattlemen haven't battled for a long time. More than 2,500 ranchers and landowners are convening in Fort Worth this March to discuss a trifecta of issues that won't easily be solved. Ranchers ... More >>
As old as paying bills with checksLast week, Bank of America announced it would begin charging $5 monthly fees to any customer who wanted to use a debit card at retail establishments, setting off a wave of angry online protests by customers and people already infuriated by government bailouts ... More >>
Maybe we could use less lighting on the capitol buildingLet's harken back to the blissful days of autumn 2010, when Governor Rick Perry was able to deflect any talk of a looming budget gap by blithely noting no official estimate for it had been made. Democrats' talk that it might be as high ... More >>
Part meltdown memoir, part essential finger pointing, Inside Job will make you seethe.
Getting Detroit residents out of their cars and onto a bus or train won't be an easy job
Courtesy of OGPR TMZ fails to catch Chamillionaire ridin' dirty. Chamillionaire has recently been getting a lot of media attention from the likes of TMZ and Perez Hilton for the Houston rapper's so-called "business decision" to let his Houston-area house go into foreclosure - or, more accurately, ... More >>
Here's a little something to remember the next time you venture out to Minute Maid Park. The Houston Astros are the 11th most valuable franchise in major league baseball. In fact, the team's franchise value increased over its value from last season, despite dropping attendance and awful play.S ... More >>
Walker Evans and the Great Depression, Part II
We've bailed out the banks. When do we go after the crooks behind our financial collapse?
Attn: Wall Street. Michael Moore is a Marxist (but he's still selling the same old shtick).
Radio Music Theatre is laughing all the way to the poorhouse
Bruce Springsteen missed the Great Depression - which no doubt bugs him every time he thinks about what a wealth of material those years provided for one of his idols, Woody Guthrie - but he seems determined to make up for it during these days of massive job-shedding, frozen credit an ... More >>
A former wildcatter and corporate-takeover tycoon preaches alternative energy across America.
ABC's World News Tonight, their anchor network-news show, will be originating from Houston next week, in part to examine why we seem to have escaped (so far) the crunchiest part of the economic crunch.Charlie Gibson is taking the show around the country to assess how the recession is affecting diffe ... More >>
An already strained system struggles to accommodate a new breed of homeless.
Folks, I am scared shitless. Yet I am unable to properly process this shitless feeling. The economic situation is not good. In fact, it is very bad. I am regularly breaking out in cold sweats, dreaming of Suze Orman (not in a good way), and practicing my rendition of, "Brother, Can You Spare a D ... More >>
scha·den·freu·de [shahd-n-froi-duh]-nounsatisfaction or pleasure derived from the misfortune of others I'm going to get to the point of this post right now: My life as a food lover is better because the economy is in a recession. There I said it. And before you label me as some kind of foodie ... More >>
Financial crisis? What financial crisis?Not in Texas, apparently. And not for bankers.Bankers descended on Austin this week for Bank Legislation Day, which doesn't sound as fun as the Bank Holidays they have in England.The Texas bankers, though, want the world to know that they are nothing like thos ... More >>
The 88 major job markets across the U.S. lost a total of 1.2 million jobs in 2008, according to a study by Bizjournals.Only 15 of the 88 markets saw a job increase in the year. And the city with the largest increase of all -- Houston.We added 57,300 jobs in 2008. While that may have been a good mont ... More >>
Thank Christ that we have the River Oaks Country Club, ever ready to assure the world that we here in Houston are nouveau riche dilletantes who don't give a shit about those who aren't making the big bucks.The Economist magazine's most recent issue has a brief item dedicated to the fact that even th ... More >>
Theatre Suburbia hosts a world premiere play by Nancy Kiefer
You know the old saying – “any publicity is good publicity.” But might not some publicity be utterly pointless? We ask, because we have come across some that seems to be just that. Now ordinarily, a little blurb about your event in a paper like Dublin’s The Irish Independent would be a PR ... More >>
On his latest single, Jay-Z rhymes “Fuck talkin’ about the recession/ It’s just depressin’.” Apparently no one ever told Young Jeezy. The Atlanta rapper packs his third album, The Recession, with triumphant numbers that are as motivating as they are menacing; inspirational as they are fore ... More >>
Type-concerned MC proves to be quite the pacemaker
Don’t hold your breath if you’re expecting the economy to rebound anytime soon. At least that’s what one local economic forecaster is saying. According to Barton Smith, head of the University of Houston Institute for Regional Forecasting, all signs right now suggest that the sluggish economy ... More >>
It's become a widespread meme as the subprime crisis has exploded and the housing bubble has imploded -- far-flung suburbs are going to become "the new slums." Ever since Atlantic magazine wrote about it in March, communities and worried suburbanites have been wondering if they're going to wake up ... More >>
[From time to time, Rocks Off will post flyers and posters from local gigs that catch our eye. Tonight's Recession Thursday installment at Numbers is a good place to start. If you'd like us to post yours, email a jpeg to email@example.com.]
Homeowners complain that Litton Loan is quicker to foreclose than it needs to be