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The Wright Amendment is a 1979 law named after its sponsor U.S. House Speaker, Jim Wright, that restricts flights out of Love Field in Dallas to nine states. The idea was to give a distinct advantage to American to build a giant hub in Dallas at DFW International Airport without having to worry about competitors taking off from Love Field charging lower fares. American is able to charge higher fares out of Dallas than from other cities. Southwest is fighting to have the law overturned with a campaign. In the early years Southwest was a discount commuter airline to 4 cities and catering to Dallas area business customers. Southwest founder refrained from fighting the Wright Amendment because of American's superior financial and political influence in Congress. It is only as it has grown tremendously that the Wright Amendment has looked more and more "ridiculous" in CEO Kelly's words.

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A former Goldman executive, and professor of management at Harvard Business School since 2006, Robert Kaplan, will succeed Richard Fisher as president of the Dallas Federal Reserve Bank.

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Dallas Federal Reserve Bank Governor sees an economy that will have zero growth in the second half and he does not seee price pressures abating. He says the odds are even that inflation turns out to be a one-off event or becomes persistent, but his sense is that it will be persistent. Fisher has voted for rate increase at Fed meetings. For him the key issue is whether the increase in food and energy prices will be transient or persist, and his concern has been that expectations of future price increases will become embedded in the economy.

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Former U.S. president Geroge W. Bush in retirement years spends time in Dallas, with time spent on his passions for painting, golf, and mountain biking. He stays out of the discussion of current issues even though many of these issues relating to fairness in economic policy, immigration, security surveillance and the Middle East go back to the time when he was president. Friends say he has simply left behind concern about legacy and moved on focussing on living. Privately he has expressed concern about the Tea Party and America's isolationist tendencies in world affairs. He is also skeptical about the new Iranian government's offer of negotiations on nuclear policy.

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The two incidents in July 2016 of shootings of police officers on July 7 with five killed in Dallas, and July 17 with 3 killed, have led to deep anguish among the 900,000 state and local law enforcement officers in the U.S. Videos showing shootings of African-American young men have led to protests in cities, and attacks by persons on the fringe. Police officers say they are now worried about their safety because of the ambushes in Dallas and Baton Rouge, and are taking extra precautions.

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The Federal Reserve's Open Market Committee voted 7 to 3 to continue a policy of keeping the federal funds rate at exceptionally low levels "at least through mid-2013." Presidents of the Federal Reserve regional banks- Fisher of Dallas, Kocherlakota of Minneapolis, and Plosser of Philadelphia preferred different language that would only say exceptionally low rates for "for an extended period."

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Temperatures reaching 109 in Pheonix and 105 in Tucson and across Texas from Dallas to San Antonio are expected to linger for another week. The effects of climate change are seen in the lack of thunderstorms or thunderstorms behind schedule.

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Overdevelopment of the office market in Dallas, Houston, and Austin, cities in Texas, presents a problem in combination with the increase in remote work. The office vacancy rate in Texas is 25% in the third quarter of 2023, according to Moody's Analytics, compared to 12% for New York and 17% for San Francisco. The oversupply of buildings for office space was decades in the making, says WSJ.

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Dallas Fed president, Richard Fisher, says the Fed cannot create jobs, and why he is opposed to the Bernanke quantitative easing policy.

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The World Cup Soccer 2026 will take place in 16 cities in US, Mexico, Canada. It starts June 19 at the Azteca Stadium in Mexico City. The last time it was plaed in the US was 1994. The final game will be played at the MetLife Stadium 82,000 seat in East Rutherford, New Jersey, built in 2010. It will be played all over the US most in Dallas, in Toronto, Vancouver, Mexico City, Monterrey and Guadalajara.

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Movies and exceptional acting performances in 2013 include Cate Blanchett in Blue Jasmine by Sony Pictures Classics, "Her" with Joaquin Phoenix, Amy Adams and Scarlett Johansson, Amy Adams in "American Hustle," James Gandolfini and Julia Louis-Dreyfus in "Enough Said," Matthew McConaughey in "Dallas Buyer's Club," Bruce Dern in "Nebraska," Idris Elba in "Mandela: Long Walk to Freedom."

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George Will describes the views of Richard Fisher, president of the Federal Reserve Bank of Dallas on "too-big-to-fail" risks in the U.S. banking system.

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Texas is expected to surpass California in 2021 in solar energy with a new $1.6 billion project solar farm north of Dallas. California has 13,000 megawatts of solar energy. Texas has 29,000 megawatts of wind and solar energy production combined, the largest of any state in the U.S. Texas solar has potential to boost supplies in daytime when demand is highest. The cost of solar is coming down and the development of solar will accelerate in the U.S. in the next 5 years.

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Brandon Johnson wins Chicago's mayoral election 51.4% to 48.6% over Paul Vallas. He is a former county commissioner and teacher's union organizer who called for a vast expansion of social programs and higher taxes. His opponent called for a crackdown on crime. Chicago is struggling to get out of a pandemic slump and struggles in the public school system.

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Airport Hotels Grand Hyatt SFO $462 a night 2025 -owned by cities San Francisco and Grand Hyatt Dallas Dallas- Fort Worth owned by city of Dallas FW. It was $364 at Grand Hyatt SFO last fall 2024 with 84% occupancy. WSJ looks at the splurge by wealthy tourists and business people when a Hilton is close by for $116. Westin Denver Airport at $337 a night also city owned.

The author uses the Westin Airport when the Spark by Hilton is $116 nearby. It shows how prices are driven up by some splurge spenders.

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In May Dallas Fort Worth Airport edged out Los Angeles LAX, Chicago's O'Hare, and Atlanta's airport to become the busiest in the world with 12,000 flights. About 90% of gates are in operation for 7 runways and 5 terminals. American Airlines is making intensive use of DFW airport as a midcontinent hub as airlines change the way they operate following the pandemic.

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In 2006 Banco Santander bought a 90% interest in the Dallas based auto loan company started by Thomas Dundon. The company focusses on the subprime portion of the market. In 2011 Santander sold 24% of the company to private equity firms. Because the subprime portion of the market for auto loans- where buyers get credit scores lower than 660- has recovered, Santander Consumer Holdings SA has seen rapid growth. Most auto buyers continued to make payments on auto loans during the 2008-2010 financial crisis. The auto industry recovered faster than expected and the auto loan originations to subprime borrowers increased to $153 billion in 2013 from $66 billion in 2009, according to Equifax and Moody's Analytics.

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Strategic siting in renewable rich areas (Dallas center the largest is in renewable rich area) and fair cost allocation to not burden small businesses and households are major issues in Data Center building. Data centers for AI -rows and rows of servers 5000 in hyperscale data centers- used 4% of the US total electricity use in 2024. This is growing rapidly. By 2030 this is expected to grow by more than double, by 133%. About 60% of this to power the servers and 30% for cooling the servers. About a third of these servers are located in Virginia, Texas and California. How will this affect Cost of Living concerns, affect electricity prices? Carnegie Mellon working with North Carolina State University did the modeling on the energy and emissions implications of data center buildup in the US in their Open Outlook Initiative. A 8% annual increase in electricity prices is expected on average and as high as 25% in Virginia by 2030.  Total of about 40% increase over 5 years. Between 2014 and 2024 10 year period average cost for a home electricity use went up 25% from $114 a month to $142. This would now go up by 40% to about $200 by 2030 in just 5 years significantly impacting cost of living in the US. In which states will it strain electricity grids? In 2023 data centers consumed 26% of the total electricity supply in Virginia. In North Dakota 15%, Nebraska 12%, Iowa 11%, Oregon 11% according to Electric Power Research Institute. What are the energy types used? Natural gas is used for 40% of the data center electricity, wind and solar 25%, nuclear 20% and coal 15%.   ...

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US president DJT meets with Rutte of the Netherlands Jan 21, 2026. He says he has come up with a framework for US acquisition of Greenland, rights title, and ownership of the island for US security and world security. He called for immediate negotiations with the goal of US acquisition of the island of Greenland.  The political situation is evolving in this way. Germany is key in the developments for the US to acquire Greenland. Britain is standing it out with the Nordic countries as Starmer has shifted to the side of Sweden and Denmark with little to gain for the Labor government which is facing local elections and popularity of Reform UK Party. In this situation Italy and Germany have taken a posture of not making any statements. Germany facing Russian intervention in Ukrain on the east needs the US for joint security at a critical juncture when Russia and the US have agreed to respect each others area of influence. Italy is run by a northern Italy party leaning to the anti-immigration stance taken by DJT in the US. It makes little difference to Netherlands, Germany/Austria/Switzerland and Italy who controls Greenland and in the context of Russian advances and nuclear weapons technology would prefer US move to acquire Greenland and rapidly build up defenses in Greenland with large investments. To not disturb the alliance's northern countries (Britain and Nordics) Germany has taken a back seat to the rhetoric yet will be in the deciding role because of its stable government, support from all parts of the political spectrum for US control of Greenland except for the coalition junior partner the SPD. The SPD Defense Minister Pistorius may form parts of the SPD that see US owning the island as positive in the bolstering of its defense capabilities with th $1 trillion outlay in the budgeted investments. Starmer may have misread DJT and US support as the US president can make a very good case for US owning Greenland and getting Denmark to accept the offer of Harry Truman of $100 million made in 1947, updated for what that sum is today which is $1.5 billion. As DJT pointed out Macron has no longevity for his government in France, and cannot speak for that country. As Treasury Secretary Bessent who along with Rubio is part of the team that will work with the president says, Denmark is irrelevant to the issues US faces for US and world security. It is a small country, Denmark, with a population of 6 million most of it in the area near Copenhagen. Houston or Dallas has a much larger population. For Denmark to decide on momentous issues of US security for the entire eastern seaboard or world security, with ownership essential for the US,  when climate has made the Arctic important, is something the US does not accept.   ...