economy

Business
10:00 am
Thu January 30, 2014

Valero Reports Spike In 4th Quarter Earnings, Attributes Increase To End Of Recession

Eileen Pace TPR News

San Antonio-based Valero Energy is reporting a 28 percent increase in its fourth quarter earnings, and officials say the nation’s oil industry is healthier as a whole now that the recession is coming to an end. 

Valero Wednesday reported an increase of $1.3 billion dollars over the fourth quarter earnings of 2012. 

Vice-President of Media and Community Relations Bill Day said the company is starting to see steady increases now, in part due to the end of the recession.

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Fronteras Desk
12:16 pm
Wed January 8, 2014

Texas Attempts To Lure Sriracha Factory To Lone Star State

Shipments of Sriracha are on hold in California following a partial factory shutdown.
Tracy Greer Fronteras

As shipments of the popular spicy Asian condiment Sriracha remain on hold following a partial shutdown of its factory in California, a state representative from Texas is trying to lure the maker of the sauce away from the West Cost and into the Lone Star State.

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Business
4:13 pm
Sun January 5, 2014

How NAFTA Helped The Mexican Billionaires' Club

Carlos Slim Helu (left) talks with Steve Forbes of Forbes magazine. The magazine lists the Mexican telecom mogul as the world's richest man, with a net worth of $73 billion.
Jeremy Piper AP

Originally published on Mon January 6, 2014 2:50 pm

When the North American Free Trade Agreement was being negotiated, supporters promised it would increase the income of Mexicans. And the middle class did grow in Mexico over the past two decades. But it's clear that Mexico's ultrarich are among its big winners.

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Texas Matters
1:44 pm
Fri January 3, 2014

Small Earthquakes Rock North Texas Town, Residents Demand Answers From Railroad Commission

Residents of Azle, near Ft. Worth, were asked to raise their hands if they've heard a loud "boom" accompanying recent earthquakes.
Mose Buchele for KUT

Texas Matters: Residents in North Texas are dealing with the increased frequency of small earthquakes that some people are linking to oil and gas drilling in the area. State Rep. Mike Villarreal talks about the possible conflict of interest with William White, who as chair of the Texas Finance Commission is also vice president of a payday loan company. Also on this show: Population growth in Texas and the Kallison ranching family.

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Community
2:52 pm
Thu January 2, 2014

Leticia Ozuna Still Working Toward Citywide Broadband Goal

Ozuna began work on a major broadband network to link medical and learning institutions so they could share large data files for education and research purposes.
Ryan Loyd TPR News

A "New York Times" article on the state of broadband internet access in the United States in part focuses on San Antonio and the work of former councilwoman Leticia Ozuna.

Ozuna lost her bid for City Council District 3 in May, but she is not giving up on the work she did to kickstart a mega broadband effort here.

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Aviation
12:45 pm
Tue December 31, 2013

FAA Selects Texas A&M Corpus Christi As One Of Six Drone Testing Sites In U.S.

U.S. Border Patrol drone in Corpus Christi.
Hernán Rozemberg

As the federal government prepares for commercial use of unmanned aircraft, it has chosen six sites in the U.S. for drone safety testing.

Each of the six sites chosen will test different aspects of drones and drone use. Texas A&M University at Corpus Christi plans to develop safety systems for the unmanned aircraft. 

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Oil & Gas Industry
2:15 pm
Fri December 27, 2013

UTSA Eagle Ford Shale Reports Will Shift Focus To Long-Term Community Issues In Boom Towns

UTSA's Thomas Tunstall in the TPR studios during an appearance on "The Source."
Chris Eudaily TPR News

The South Texas oil and natural gas drilling boom in the Eagle Ford Shale will continue to impact Texas and its local communities in a big way in 2014, but the boom may have already seen its largest single-year growth.

Every year the University of Texas at San Antonio studies how the Eagle Ford Shale has affected the small Texas towns where production is happening. The report takes into account both the positives and negatives of the growth.

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The Source - December 19, 2013
11:59 am
Thu December 19, 2013

The Source: Refugees in San Antonio | 2014 Economic Forecasts

As Hisham Batar, a former refugee himself, points out--the new arrivals never stop coming.
Eileen Pace

In the first  segment:

This week our reporter Eileen Pace has brought you several stories on the refugee community here in San Antonio.  From their resettlement to building new lives, to their children going to school, she has mapped what the experience is for people who leave war-torn countries for the promise of something better.  Pace joins us along with District 8 council member Ron Nirenberg and Northside Independent School District officials to talk about the institutions helping them.

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Economy
3:02 pm
Wed December 18, 2013

USDA Pullout From Mexico Has Economic Consequences

Cattle move up a ramp following inspection in Presidio, Texas. (Lorne Matalon)

A little over a year ago, the federal government banned USDA inspectors from entering Mexico at five Texas border crossings to inspect cattle headed to the U.S.

That decision has had a huge economic impact on small border towns in Texas and now cattle producers and border politicians are asking for relief.

From the Here & Now Contributors Network, Lorne Matalon of Fronteras Desk has the story.

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The Source - December 3, 2013
11:27 am
Tue December 3, 2013

The Source: Mexico Tax Reforms Have Texas Implications | Fredericksburg Road Through History

The SABER Institute showed Mexican nationals spent over $2.5 billion in South Texas last year.
The SABER Institute

In the first segment:

An old joke among Mexican nationals is that San Antonio is the safest city in northern Mexico. But San Antonio will be immune to the recently approved tax reforms taking effect next month.

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