THE EXPLAINER: The Economy May Be Stronger than Reported, says Flaster
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1M ago
"The newspapers may be full of government-collected jobs figures & employment data, but people are working and earning a living these days in a manner that’s outside the limits of the bean-counters," said Texas Insider's Economic Council Chair Marc Flaster. “They're not employed by large companies, or by a company that files a payroll report with the state or federal labor counters like they used to, so you have the 'reported' level of jobs & employment in the nation, but that doesn't mean the economy isn’t supporting a whole lot more people – and a lot of them are earning money at a v ..read more
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THE EXPLAINER: Future State Budget Concerns Possible Given Oil & Gas Over-Production, says Flaster
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1M ago
"Here in the United States, or out in West Texas, we've already seen a number of Oil & Gas Producers announce they're shutting down or filing for bankruptcy because they just can't make a return on what they're spending,” Texas Insider’s Economic Council Chair Marc Flaster tells Jim Cardle. "They can't continue to explore anymore given the fact that there's so much supply on the worldwide market right now," Flaster says ..read more
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THE EXPLAINER: Flaster Talks Impeachment, the Dow 29,000 & Trump's China-USMCA Trade Success
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1M ago
"The mood of the country is, that the move for impeachment is a dead letter. Concerns about there being a viable attack on President Trump and the policies he's put in place are dissipating, his stock, if you will, and support are rising, and the Democrat challenge for a leading nominee is finding more support in the media than it is with the common people,” Texas Insider’s Economic Council Chair Marc Flaster tells Jim Cardle. "The most interesting thing is that after the last Democrat debate, if you can call it that, the polls asking people what they thought show most saying they have 'no opi ..read more
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The Explainer Talks: CoronaVirus's Trade Implications with China Will be Massive, says Flaster
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1M ago
"The average car has 30,000 different parts, and a lot of them come from China. If one part's not available in the basket when the conveyor belt's supposed to bring it up, manufacturing stops. Its 'assembled' here, but if China didn't make it, it didn't go on the ship. And if the ship didn't bring it here – The big thing to note here, is the inter-connectivity of our economy," Texas insider's Economic Council chair Marc Flaster tells Jim Cardle, as they discuss some of the heretofore neglected economic impacts of the CoronaVirus on our U.S. Economy. DON'T MISS IT ..read more
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State Rep. Flynn: "There's a lot of conversation about what this crisis will do to our State Budget"
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1M ago
"We have no business having our drugs manufactured in China. Its a wake up call to all of us about how serious this is," State Rep. Dan Flynn, Chairman of the House Defense & Veterans Affairs Committee tells Insider's Jim Cardle. "And one thing I like about the president's response so far is, he recognizes that states are his best ally," said Flynn, one of the House's most respected & conservative members in a wide-ranging interview ..read more
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EXCLUSIVE INSIDER Interview w/ Texas Alliance of Energy Producers' New President, Jason Modglin
Texas Insider
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1M ago
“We’re going to see lower Severance Tax Revenues coming into the state this year, along with lower Sales Taxes because of the economic decline, so there’s no doubt its going to be a tough Legislative Session in 2021,” new Texas Alliance of Energy Producers president Jason Modglin tells Insider’s Jim Cardle. “And Severance Taxes flow into that crucial Economic Stabilization Fund known as ‘The Rainy Day Fund’ that’s allowed legislators to invest in Water Infrastructure, Roads Infrastructure, and last session into School Property Tax Relief ..read more
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