COWBOY swagger can be a great look—until the strutting hero trips and falls flat on his face. Governor Rick Perry of Texas learned that in 2011. For a heady moment he led the field of Republicans seeking the presidential nomination. Then came the fall. An ill-prepared Mr Perry was stunned when rivals attacked him from the right, denouncing his (admirable) policy of offering subsidised university places to Texas residents, regardless of immigration status, in the interests of a skilled workforce. The end came with an “Oops” heard around the world, uttered during a TV debate in which—flustered and battling severe back-pain—Mr Perry forgot which federal departments he wanted to abolish.
TORONTO, ONTARIO--(Marketwired - Dec. 2, 2014) - Texas and South Dakota have tied for the highest level of economic freedom among all U.S. states, finds a newreport released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
The Energy Information Administration (EIA) released new state crude oil production data last week for the month of September, and one of the highlights of that monthly report is that oil output in America’s No. 1 oil-producing state – Texas – continues its phenomenal, eye-popping rise. Here are some details of oil output in “Saudi Texas” for the month of September and the economic impact that production is having on the state’s economy:
The Texas economy added 36,400 jobs in September, according to data released Friday by the Texas Workforce Commission. Over the past 12 months, employers added 413,700 jobs — the most ever recorded by the state.
Rick Perry ascended from Lieutenant Governor to Governor of Texas in December 2000 when then-governor George Bush resigned after being elected the 43rd President of the United States. Perry will retire in January with the tenth longest gubernatorial tenure in U.S. history. Perry made job creation one of his principle mantras, and he has overseen remarkable employment gains under his watch with 2.1 million jobs added during his tenure. The total represents 30% of the jobs added in the U.S. since 2000 and more than twice as many as any other state.
While the rest of the country struggled to recover from the recession, the economy in Texas has been on fire. Thanks to a boom in horizontal drilling and fracking, the state’s oil output has more than doubled over the past three years to 3.18 million barrels per day—a level not seen since 1976.
HOUSTON, Texas -- California, New York, and New Jersey are home to America's worst business tax climate, according to a new comprehensive index by the Tax Foundation. Texas, on the other hand, ranked in the top ten. This should come as no surprise to Texans, many of whom pride themselves as living in a state with relatively low taxes and reliable regulation.
Houston and Dallas-Fort Worth areas ranked among the top U.S. metropolitan areas for the most number of jobs added over the last 12 months, according to data released today by the U.S. Bureau of Labor Statistics.