Financial Markets

  • Blogs

    November 18, 2014

    Halliburton is Buying Baker Hughes: Another Sign the Oil Industry is Nervous?

    It's finally happened. After months of reading the tea leaves, we have the first clear indication that all is not entirely well in the land of Big Oil in the form of the merger between Halliburton and Baker Hughes. There are lots of stories right now about the Houston-based companies -- the second ... More >>

  • Blogs

    November 5, 2014

    Desperation Setting In With WWE And Their WWE Network?

    There was a time, back in the 80's, where if you asked any of the young WWE (back then, called the WWF) fans how much would they pay to be able to watch essentially any relevant moment in WWE history any time they wanted to from any computer or smart phone, the answer would have involved multiple ze ... More >>

  • Blogs

    August 18, 2014

    The Five Best Underrated Greasy Spoons (According to You)

    After reading your comments and tallying your votes for the most underrated greasy spoons in Houston, I've come to a conclusion: We don't have enough greasy spoons here. There are several big ones that get all the credit and a few lesser-known ones with small but devoted contingents of fans. So he ... More >>

  • Blogs

    October 10, 2013

    The Tea Party Does Not Care About Wall Street's Money

    Whatever else you might want to say about the tea party folks -- both the elected representatives and their citizen-supporters -- you cannot say that they are in hock to Wall Street the same way the establishment GOP and (much of) the Democrats are. (Including, yes, President Obama. It's true). If ... More >>

  • Blogs

    September 3, 2013

    You're a Sucker for Putting All That Money into Your 401(k)

    If you've been paying any attention at all since the Great Recession of 2008, you've probably heard of high-frequency trading. It's essentially this: people who have their PhD's in computer science go work for firms and set up systems that allow them to know--even if it's just milliseconds--how a st ... More >>

  • Blogs

    August 20, 2013

    Houston Market Continues Its Explosion in July

    According to a report from the Houston Association of Realtors, the city of Houston had its biggest single month of home sales ever in July. This continues the housing boom of 2013 that has seen dramatic increases in the number of homes sold and the sharp rise in home prices. All of this has been fu ... More >>

  • Blogs

    July 29, 2013

    Boom or Bust: How the Exploding Housing Market in Houston is Complicating Matters for Buyers and Sellers

    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 >>

  • Film

    May 9, 2013

    Assault on Wall Street

    Uwe Boll's solution to the crash? Bloodshed.

  • Blogs

    March 26, 2013

    George Jarkesy: Conservative Talking Head, Host to Radio Show in Investments, Gets Slammed by SEC

    A local radio host who splits his time between spouting right-wing dogma and offering investment advice has been hit with a cease-and-desist order from the Securities and Exchange Commission. George R. Jaresky, Jr. hosts a show on KTEK-AM 1100 (Official motto: "Yes, We Exist") and is semi-syndicate ... More >>

  • News

    November 1, 2012

    Country Club Sopranos

    American banks are on a massive crime spree. Obama and Romney hope you won’t notice.

  • News

    August 2, 2012

    Barbarians in the Ivory Tower

    America's for-profit colleges offer education only a con man (or a congressman) could love.

  • Blogs

    July 30, 2012

    Low-Alcohol Vermentino from California Makes Me Happy

    The winemakers behind Uvaggio Vermentino from Lodi have a theory. "If we grow the right grape in the right place," they write on their website, "we can manage to get by with our respective degrees in psychology and geography. (If one of us gets lost then other can figure out why.) However, when you ... More >>

  • News

    July 5, 2012

    America's Petro-Terrorists

    Wall Street and Washington conspire to destablize the U.S. economy, one barrel of oil at a time.

  • Blogs

    May 25, 2012

    Early NFL Season Win Total Lines Have Brought Out a New Trash-Talky Side of Bob McNair

    "I think we are a contender, so that's no surprise to me. I guess they got tired of losing money out there, putting our over-and-under too low, so they're getting more realistic." -- Houston Texans owner Bob McNair trash-talking the oddsmakers when asked about the Texans' status as favorites in the ... More >>

  • Blogs

    May 18, 2012

    Sorry, Mark Zuckerberg: 10 Reasons Why I'm Not Spending $40 To Buy A Facebook Share

    Here's a scoop: Facebook is having an IPO today. This under-the-radar stock sale will make billions for investors. Although everyone is keeping things on the down-low, the IPO means -- I'm guessing here, Wall Street is really not my forte -- that you can buy a share of Facebook stock, currently tra ... More >>

  • Blogs

    November 21, 2011

    Bill Moyers at Progressive Forum: An East Texas Sage's Optimism Twists in Today's Ill Winds

    Bill Moyers believes that the sun-baked scattered bones of Wall Street's carcass are being picked clean by "animal spirits" -- namely, hyenas, and that these scavengers believe that they are justified, indeed morally sanctioned, in behaving as such, and that nobody in government is willing or able t ... More >>

  • Blogs

    October 6, 2011

    Occupy Wall Street: 99 Percent Protesters March to City Hall for Occupy Houston

    See lots more pics of the protest in our slideshow. Joining a movement of protests across the country, several hundred Houstonians gathered at Market Square Park this morning to march to Hermann Square in front of City Hall, which they plan to occupy indefinitely in solidarity with the Occupy Wall ... More >>

  • Film

    September 15, 2011

    Sacrifice Nothing

    In the fantasy I Don't Know How She Does It, working moms can have it all.

  • Blogs

    August 11, 2011

    Robert Copeland: A Ponzi Schemer Gets Ponzi Schemed Out of $10 Million

    The Ponzi-er gets Ponzied. And pwned.​You are so freaking clever and smart that you have scammed $45 million out of 125 people in a Ponzi scheme. So when someone offers you a risk-free return of 30-40 percent on foreign exchange markets with a personal guarantee you will at least get your mone ... More >>

  • Blogs

    July 7, 2011

    Texas Cities and Nonprofit Entities to Get About $3.5 Million in National Settlement of JPMorgan Suit

    Settlement helps, a little.​Financial giant JPMorgan has agreed to pay $228 million to settle charges that it manipulated deals involving the government bond market, and Texas Attorney General Greg Abbott says the state's portion of it will be about $3.5 million. The money will go to Texas mu ... More >>

  • Blogs

    September 28, 2010

    Houston Is A Global City, Foreign Policy Magazine Declares

    Photo courtesy GHCVBA global city....with a disappointing football team​Foreign Policy magazine, desperate to hike pageviews now that their "Hottest Women of Diplomacy" issue is a thing of the past (or of our imagination) has ranked the 65 "Global Cities" of the world.The magazine looked at 65 cit ... More >>

  • Film

    September 23, 2010

    Wall Street Bailout

    Stone's sequel lets the bad guys off easy.

  • Blogs

    September 14, 2010

    HISD Says No Mas to Foreign-Exchange Students Automatically Getting Into Some Schools

    Au revoir, limitless foreign-exchange students​The High School for the Performing and Visual Arts -- a much-esteemed program in the Houston ISD that students all over the district apply for and compete to get into -- this year has five foreign exchange students.That means, HISD Chief Academic Offi ... More >>

  • Blogs

    August 19, 2010

    Separation of Church and Finances: Pastor Swipes $462,000 Through False Investments

    Time to replant the money tree​Let your minister or rabbi or guru give you spiritual advice, but leave the financial dealings to your broker or accountant. The case of Jeremiah Yancy, aka Jeremiah Glaub, is a perfect example. While the pastor of a church in Idaho, Yancy managed to coax 64 individ ... More >>

  • Blogs

    June 11, 2010

    Canadian Tar Sands: Environmentalists Claim Houston To Be End Point Of Worst Project In The World

    You can't just go shooting for some food and find bubbling crude anymore​Other than desperation, is there much to recommend Canadian tar sands as a fuel source?Not according to Matthew Tejada of Air Alliance Houston. During a talk at St. Stephen's Episcopal Church last night, he described th ... More >>

  • Dining

    May 27, 2010

    Mushrooms Gone Wild

    Wild mushroom and walnut tortellini at D'Amico's Italian Market Cafe

  • Blogs

    April 23, 2010

    Save A Houston Librarian, Buy A Book

    ​While Hair Balls is fearful of ever-expanding government power and its attendant death panels and Wall Street takeovers, there is one government institution we absolutely love: libraries. We're total whores for literacy and recreational/ educational reading. Which is why we're stoked for the ... More >>

  • Blogs

    April 2, 2010

    Fails Of The Week: Glastonbury "Ice Ice Baby," Sony "No Beyonce On YouTube," Fat Mike The Peeing Clown And... Bono

    If you're reading this, you're either on the Internet, or else you've mastered multi-dimensional thought-projection processes that would make Michio Kaku cry like a little girl. We'll assume the former, and just in case you don't already know, the Internet has decided that the word "failure" is too ... More >>

  • Blogs

    January 15, 2010

    How To Help Wall Street Bankers In Haiti's Time Of Need

    ​We Americans are a generous people. In the days after the devastating Haitian earthquake, we whipped out our credit cards and donated millions to relieve that stricken, jinxed nation.But until Thursday, when the Huffington Post got wind of the practices, the major credit companies (including ... More >>

  • News

    November 12, 2009

    City of Coffee

    Is Houston about to become America's coffee capital?

  • Blogs

    August 31, 2009

    Yep, Speculators Caused Last Year's Oil-Price Spike, Rice Says

    ​A couple of researchers at Rice University's Baker Institute for Public Policy have released a study that gets close to proving that speculators caused oil prices to shoot up in 2008. This theory is nothing new, but the Commodity Futures Trading Commission, the agency that regulates U.S. futu ... More >>

  • Blogs

    February 26, 2009

    Chicken Fried Steak With a Side of Kiss My Grits

    When I suggested to a friend and fellow food blogger (Food in Houston) that we eat lunch in the Heights -- his old stomping grounds -- he sent me an impressively detailed list of candidate restaurants. The usuals were there -- Bedford, Shade, Dry Creek Cafe. All worthy selections. But it was the las ... More >>

  • Blogs

    February 13, 2009

    Damn, It Feels Good To Be A Banker

    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 >>

  • Blogs

    January 7, 2009

    The Water Wall -- Finally Out Of The Hands of the Kuwaiti Government

    The Water Wall. Scene of countless wedding proposals and photos. Houston landmark. Who knew that up until recently, the majority of the Wall was owned by a group of Kuwaiti investors? Or, as John Breeding, the president of Uptown Houston District, tells Hair Balls, "Literally, the Kuwaiti government ... More >>

  • Blogs

    December 19, 2008

    Is 1986 Coming Again to Houston?

    The ever-cheerful blogger Lou Minatti, by way of warning everyone about Houston's coming fiscal apocalypse, has unearthed a 1986 Time article largely comparing booming Massachusetts and oil-bust Texas.Houston plays a part: Houston is the big city hardest hit. The town once giddily expansive on oil m ... More >>

  • Blogs

    October 13, 2008

    The Busiest New Airline Route Is In Houston

    Airlines across the plant added almost 2,100 new routes last year. Which new route was the single most popular? It was right here in Houston. The new Hobby to Big Spring route drew tens of thousands of travelers, which is especially strange because it uses a one-prop plane. Actually, the most pop ... More >>

  • Blogs

    October 2, 2008

    Book Review: Smart Cookies' Investment Guide

    On the one hand, the timing couldn’t be better for The Smart Cookies’ Guide to Making More Dough: How Five Young Women Got Smart, Formed a Money Group, and Took Control of Their Finances, which came out this week. Don’t we all want to be smart about money, now more than ever? On the other han ... More >>

  • Blogs

    September 15, 2008

    In Other News, Wall Street is Collapsing

    Everyone here is dealing with Ike, but just to give you something else to worry about as you wait on line for ice -- Wall Street had a disaster of its own over the weekend. Big companies went bankrupt, meetings were held, etc. etc. As Slate put it in its summary of today's papers: The NYT says Su ... More >>

  • Calendar

    December 6, 2007

    BBAP Xmas Tree Project

    Local artists create a different type of seasonal decoration

  • News

    February 2, 2006
  • News

    February 2, 2006

    Wize Guys

    Here's your chance to get rich quick -- or lose your shirt, in which case, GlobalTec disavows all responsibility for, well, anything

  • News

    October 10, 2002

    Diva of the Deal

    How Enron's high temptress turned massive projects into a $2 billion wet dream for the company -- and an estimated $100 million profit for herself

  • News

    February 7, 2002

    Up In Smoke

    Enron used political ties to rid itself of regulators. But in the end, its supposed free-market trailblazing only burned investors.

  • News

    January 24, 2002

    Catching a Big One

    Moody hooks a $75 million verdict against a fish farm and a law firm

  • News

    May 24, 2001


    Thousands of inmates rely annually on a capricious parole board for their freedom. Most, like George Dismukes, return to their cells without ever knowing why they were denied.

  • Dining

    May 20, 1999
  • News

    November 26, 1998

    Need or Greed

    A Bible-quoting con man finds easy pickings among those looking for a miracle or a windfall

  • News

    August 20, 1998

    Biological Disaster

    Zonagen Inc. took its name from Bonnie Dunbar's groundbreaking research into contraceptive vaccines. Then, when she wasn't looking, the company took her research.

  • Dining

    July 24, 1997

    Simple Delight

    At the Triple A, the food lives up to the rating in the name

  • News

    April 6, 1995

    The Wendy Card

    Wendy Gramm's all-American success story is a centerpiece of her husband's fledgling presidential bid. But there's more to the story than what's being packaged and sold by the Phil Gramm campaign.

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