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The Texas Unmiracle
Keywords:
Krugman says the the higher population growth in Texas has led to higher job growth there relative to the rest of the country. Other factors mitigating the effects of the recession in Texas- the housing and mortgage lending laws in Texas prevented the building up of home equity debt and foreclosures that hit other states, and the oil industry in Texas helped with higher oil prices. Lower wages in Texas, lower living costs, and lower housing costs have attracted jobs to the state. In June 2011, the Texas unemployment rate was 8.2%, lower than California and close to that of New York.
Krugman on economic policy and prospects for the U.S. in 2010-12
08/08/2010
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Rick Perry, Republican candidate for U.S President in 2012 and 2016
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The three term governor of Texas as presidential candidate in 2011.
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Governor Perry's record as three term governor of Texas
04/04/2010
Perry's performance on economic issues and his record in the state.
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U.S. jobs generation by state since 2009
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Texas leads in job generation, followed by New York and Pennsylvania.
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Perry criticizes government while Texas job growth benefits from it - The Washington Post
Washington Post 08/21/2011
Policy, Geography Boost Texas Job Growth
Wall Street Journal 08/22/2011
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The U.S. drought of 2011
07/11/2011
States in the southeastern and southwestern parts of the United States are the hardest hit. All counties in Texas are now considered disaster areas. This drought is reminiscent of the drought in the 1950's and in the 1930's.
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14 States Suffering Under Drought
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Krugman on the Obama Administration, banks, settlements and the U.S. foreclosure crisis in 2011
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Failure of the Obama administration to reduce foreclosures and help homeowners. A worsening foreclosure situation leads to a continuing decline in housing prices and hampers an economic recovery in the U.S. This is something Martin Feldstein grasped very early during the 2008 financial crisis and made proposals for helping homeowners under water.
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Texas in the U.S. real estate mortgage and financial crisis of 2008-
04/04/2010
Texas did not experience the jump in real estate prices of Florida and California, and other parts of the U.S. State laws written into the constitution of the state in 1845 have restrictions on loans taken out on the value of a home. Foreclosure rate in Texas was much lower than in other states.
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Texas Lending Law Shielded Many Homeowners From Housing Bust
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U.S. Regional Economies- Texas
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The U.S. Census Bureau and the populaton count in 2010
12/22/2010
The reapportionment for Congressional seats by state based on population growth. States in the south and west such as Texas, Arizona and Washington will gain seats whereas states in the east and midwest such as New York and Illinois lose seats.
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More White Americans Dying Than Being Born
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Illinois Pension Plans Should Go Dutch
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Policy, Geography Boost Texas Job Growth
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Texas budget deficit- 2011-2012
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The Texas budget: A blow to the model
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In Texas, Furor Over a Proposal for Huge State Budget Cuts
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Seeds of 2011âs Budget Troubles Were Planted, by the Legislature, in 2006
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Cuts for Dallas Magnet Schools Stir Conflict Over Education Spending
New York Times 04/23/2011
Higher Taxes Yield to Budget Cuts in States
Wall Street Journal 07/07/2011
How Texas escaped the real estate crisis
Washington Post 04/04/2010
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