Tribpedia: Economy

With a civilian labor force of more than 12 million and a gross state product of $1.22 trillion in 2008, Texas has the second largest economy in the United States and the 15th largest in the world. The Federal Reserve Bank of Dallas is one of many agencies that keeps track. The state comptroller stays up with key statistics.

Texas Loses Bid to Block Obama's Clean Power Plan

A federal appeals court on Thursday denied a request from Texas and other states to block President Obama’s Clean Power Plan, leaving the climate change rules in place as a legal challenge winds through the courts. The U.S. Court of Appeals for the District of Columbia wrote that the states — joined by the coal industry — “have not satisfied the stringent requirements for a stay.” 

Oncor CEO Bob Shapard testifies before the Texas Public Utility Commission on Jan. 11, 2016. He expressed concerns over the Hunt family's plan to buy Oncor, the state's largest electric utility.
Oncor CEO Bob Shapard testifies before the Texas Public Utility Commission on Jan. 11, 2016. He expressed concerns over the Hunt family's plan to buy Oncor, the state's largest electric utility.

Oncor Airs Concerns with Ray Hunt Takeover Plan

Top officials at Oncor, Texas’ largest electric utility, aired concerns on Monday with Dallas billionaire Ray L. Hunt’s $18 billion proposal to take over and reshape their company.

Physicist Paul Chu, head of the University of Houston's Center for Superconductivity, speaks at a research summit organized by the Academy of Medicine, Engineering and Science of Texas on Nov. 13, 2015.
Physicist Paul Chu, head of the University of Houston's Center for Superconductivity, speaks at a research summit organized by the Academy of Medicine, Engineering and Science of Texas on Nov. 13, 2015.

Texas Scientist Aims to Revolutionize Electricity Grid

Paul Chu, founding director and chief scientist at the University of Houston’s Texas Center for Superconductivity, discusses how energy storage could revolutionize the grid, and how Texas plays a role in advancing the technology. 

A new breed of app-based moving companies has drawn the interest of the Texas Department of Motor Vehicles, which wants to ensure that the companies are following state laws.
A new breed of app-based moving companies has drawn the interest of the Texas Department of Motor Vehicles, which wants to ensure that the companies are following state laws.

Uber-Style Moving Companies Draw State's Attention

A new breed of app-based moving companies has drawn the interest of the Texas Department of Motor Vehicles, which wants to ensure that companies with names like Buddytruk and PICKUP are following state laws.

Paul McGuire, with the federal Bureau of Land Management, speaks with landowners in Clay County on April 28, 2014.
Paul McGuire, with the federal Bureau of Land Management, speaks with landowners in Clay County on April 28, 2014.

Red River Landowners Take Battle with Feds to Court

Tired of waiting on lawmakers and bureaucrats to clear up their limbo, a group of North Texans has turned to the courts in an effort to reclaim thousands of acres of ranch and farmland along the Texas side of the Red River. 

Prop 1 signs posted along the Adaptive Sports and Recreation facility on West Grey in Houston, TX for the November 2015 election. Photo by: Shelby Knowles
Prop 1 signs posted along the Adaptive Sports and Recreation facility on West Grey in Houston, TX for the November 2015 election. Photo by: Shelby Knowles

No Evidence Yet of Backlash to Houston HERO Vote

After it became clear that Houston’s non-discrimination ordinance would be trounced at the polls, Houston Mayor Annise Parker said she feared a “direct, economic backlash” for the city. So far, there's no visible evidence of one.

The Japanese Shinkansen is a high-speed trail used by JR Central in Japan. A private company is planning to build a rail line between Dallas and Houston using the same trains.
The Japanese Shinkansen is a high-speed trail used by JR Central in Japan. A private company is planning to build a rail line between Dallas and Houston using the same trains.

Firm Claims Bullet Train Will Have $36 Billion Impact

The private firm trying to build a bullet train between Dallas and Houston has released a study claiming it would pump more than $30 billion into the state economy over the next 25 years. 

A bridge to Mexico that is near the busy downtown Laredo shopping area is shown on Nov. 5, 2011.
A bridge to Mexico that is near the busy downtown Laredo shopping area is shown on Nov. 5, 2011.

Plummeting Peso Hurting Border Economy

The Mexican peso is well below its exchange rate against the dollar compared to a year ago, and store owners on the border are bracing for a prolonged drought of Mexican shoppers. In some cities that could mean a loss of up to 45 percent of business.