Getting back to the news after a two-week hiatus, this is what I find in my RSS feeds from Dallas Business Journal. It's enough to make me wonder if coming back was such a good idea.
- Texas Industries Inc. reports $42.4M Q4 loss
- AMR Corp. posts $390 million net loss
- Lone Star state's millionaire count drops
- Texas health premiums skyrocketed this decade
- Tuesday Morning: Q4 sales drop 4%
- Tandy Leather: Year-to-date sales drop 2%
- Texas sales tax revenue down 11 percent in June
- Office rents drop to 2006 levels
- Woodmont TCI Group files for bankruptcy
- D-FW commercial foreclosures up 12%
- Neiman's: Total sales fell 19.4% in June
- J.C. Penney Co.'s same-store sales drop 8%
- Analyst: Capacity cuts loom for airlines
- Southwest's traffic falls, tickets on sale
- Oceanaire files Ch. 11, Dallas eatery remains open
- GM Arlington plant to go in asset sale
- Sun Microsystems lays off 61 in Dallas
- American Airlines traffic drops 8.1%
- Millennium State Bank of Texas fails
- Weil Gotshal to close one Texas office
- Opus West Corp. plans bankruptcy filing
- Crabtree & Evelyn files Chapter 11
So, is all of the news bad? There were some headlines hinting at good news that paradoxically were the result of all of the bad news.
- DFW hotels cutting fees to lure business travelers
- D-FW traffic congestion declines
- Survey: Texans saving more, spending less
Finally, one good news headline suggests that as bad as things look to be in Texas, they are probably worse elsewhere: "Texas faring better in recession."
On the other hand, bad news usually brings good opportunities. So, who is laying the groundwork for reaping the benefits when the economy recovers?
2 comments:
So when do you think the economy will recover?
Last fall we were hearing summer 2009. Have we recovered yet?
Define "recovery" and then such talk might be more meaningful. As for what we were hearing last fall, some predicted "recovery" in 2009. Others predicted a second Great Depression. Predictions were all over the place. I'm not sure there's any more of a consensus today.
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