Posts Tagged ‘cnbc’
I turned on CNBC this afternoon to catch up on business news just in time to see Texas governor Rick Perry doing a standup interview over at the University of Texas to celebrate Texas’ being chosen for the third time in the past several years as the “America’s Top State for Business.”
According to CNBC’s Scott Cohn, Texas “racked up an impressive 1,604 points out of a possible 2,500,” and had top-10 finishes in “six of our 10 categories of competitiveness.”
Texas has never finished below second place since CNBC started the study in 2007.
This year’s categories, developed in concert with the National Association of Manufacturers and the Council on Competitiveness, included the following: “Cost of Doing Business,” “Workforce,” “Quality of Life,” “Infrastructure and Transportation,” “Economy,” “Education,” “Technology and Innovation,” “Business Friendliness,” “Access to Capital,” and “Cost of Living.”
Diving deeper into the results, Texas has the nation’s best “Infrastructure” and improved to second place for “Technology and Innovation,” and boasts the third lowest “Cost of Living.”
On the downside, Texas came in 26th in “Education” and 35th of “Quality of Life,” apparently getting dinged for less available health care and higher property and sales taxes.
Obviously, this is very exciting news here in Austin and across the state of Texas, especially considering the vast diversification we’ve seen of the Texas economy over the past decade. When I was growing up in Texas, energy and oil dominated the economy, but we’ve seen massive investments and innovations in more diverse fields these past 20 years, including high tech, telecommunications, biotechnology and life sciences, health care, and many more, all in a business-friendly (read: less regulation and taxes) climate.
But we’ve still got some work to do, I would submit.
If you’re a person of little means, whatever else you do, don’t get sick here. Texas is not expected to expand Medicaid or establish a health insurance exchange, according to another recent announcement by Governor Perry, and only 31 percent of physicians in Texas accepted Medicaid patients in 2011, according to the Texas Medical Association and as reported in the Texas Tribune.
So, congrats to the great state of Texas…I’m really glad to hear we’re doing a great job of taking care of business…but clearly there’s some work yet to be done in taking better care of our people!
I think I can speak for all of us here in the U.S. south and mid-west when I say we’re soooo over this seemingly never-ending storm and tornado season.
I watched CNN with rapt attention yesterday afternoon as the storms made their way through north Texas and into Oklahoma, and was horrified at the funnel clouds dropping left and right.
After the entirely tragic E5 storm that devastated Joplin, Missouri, Sunday, I, like so many, was concerned we would see more of the same through Oklahoma. It was still bad there, of course, but fortunately not quite that bad.
In the Dallas area, several tornadoes touched down in the metroplex as well, and a couple of funnels dropped but didn’t stick around, near my hometown of Denton.
The Washington Post Capital Weather Gang cites the fact there have been approximiately 1,000 tornadoes this season, nearly 500 perished (with Joplin being the most deadly tornado since 1950 with 122 people dead).
Even worse, technology doesn’t seem to be faring well in terms of prediction. As Andrew Freedman writes, “this tornado season has obliterated the notion that massive investment in a national severe weather forecasting infrastructure and early-warning network ensures a low tornado death toll.”
There’s likely no silver bullet that will entirely prevent such tragedies, but I like Capital Weather’s suggestion: Follow @capitalweather (or your local Twitter weather-related ID) for breaking weather alerts.
Between that and the civil warning sirens going off, that would be enough to send me running for cover, especially in this insane storm season.
Finally, if you missed the other breaking news today, CNBC anchor and co-host of “Squawk Box” Mark Haines died unexpectedly overnight at his home.
This is truly sad news, as he was a welcome host in mine and so many millions of homes trying to stay abreast of breaking business news.
Thoughts, prayers, and good wishes to the entire CNBC family. It can’t be an easy day for them to be on the air.
They’ve set up a web page for Mark Haines remembrances here.