General EconomyEconomic activity is slowing in the U.S. and Europe. The composite US purchasing managers index fell to 47.5 in July (from 52.3). The drop in services was the biggest fall since May 2020. The rising costs of gas, food, and rent are prompting consumers to spend more on essentials and pull back on discretionary services. Highlights Economists now put the …
The Betty M. Condra School for Education Innovation broke ground this week on Tuesday. The plans are to improve around 23,000 square feet of the former Kaplan College building to give the school room to grow and serve more students. Students will be moving to the location at 10th Street and Avenue O once renovations to the building are complete …
Despite high gas prices, AAA estimates a record number of people will drive to their vacation destinations this summer, both in Texas and nationwide. Our great state is home to the American South’s most beautiful natural wonders, and as the largest state in the nation, is extremely diverse with an array of things to do. From wine country escapes, unique …
The EconomyConsumer sentiment is being driven by inflation and stocks but is worse than warranted. Consumer prices increased at an 8.6% annual rate in May, and many Americans are now starting to forgo some purchases and outings. Consumers are also suffering through a reverse-wealth-effect as stock prices have dropped and there is concern about home prices. The stock market is …
