Economics, employment, jobs, real estate, taxes, economic development and incentives, workforce development, IPOs, investment and anything related to business in Austin and the Central Texas counties of Travis, Hays, Caldwell, Bastrop and Williamson
Being a good looking person will help your business and make you wealthier, according to a new book by University of Texas economist Daniel Hamermesh.
"Most of us, regardless of our professed attitudes, prefer as customers to buy from better-looking salespeople, as jurors to listen to better-looking attorneys, as voters to be led by better-looking politicians, as students to learn from better-looking professors," Hamermesh wrote this weekend in an op-ed that appeared in the New York Times.
In his new book, Beauty Pays, Hamermesh examines his own research and other studies from around the world to conclude that an individual's physical appearance can have a direct impact on his or her economic success. Check out the video above, produced by UT Austin, for a sampling of his argument.
"We think there is a lot of power in a social approach to driving people into local businesses," Facebook added in the statement. "We've learned a lot from our test and we'll continue to evaluate how to best serve local businesses."
It won't quite a full-blown grocery store, but the University of Texas Co-Op is about to start selling some grocery items, ranging from milk and eggs, to frozen dinners and canned food, to beer and wine.
“We’ve actually got one of the largest coolers that money can buy,” Co-Op Market Manager Zack Voelker told KUT News. “We’ve got a twenty door reach-in/walk-in vault.”
Texas has received its first monthly unemployment report since Governor Rick Perry announced he was running for President on his record of job creation. The numbers from Texas Workforce Solutions show the state added 29,300 jobs last month.
But the state unemployment rate still ticked higher, from 8.2 percent in June to 8.4 percent in July. That’s because more people started looking for jobs in Texas.
The Texas unemployment rate is now edging closer to the national average of 9.1 percent.
Texas is hoping to attract more video game companies to the state by increasing incentives for them to relocate here. Garry Gaber helps run Austin Community College’s Game Development Institute. He thinks it's a good decision.
"It is hopefully going to bring a lot of business, even more business into Austin," says Gaber. "I think it's a very good thing for the gaming industry, and it would be very good for our students because it would give them more places to find employment."
For the past sixteen months, a project to beautify East 7th Street has plagued local businesses. Construction to improve safety and utilities limited access to restaurants, tax consultants, and convenience stores. Now that the streets look nicer with fresh paint and new plants, some business owners are wondering if it was all worth it.
But it was only two years ago, in the middle of the recession, that people were asking if Whole Foods could survive. Sales for its expensive, gourmet foods were plummeting and the stock dropped 75 percent in year.
So what happened between now and then, besides the country’s slow economic recovery? Two things, according to equities researcher Karen Short with BMO Capital Markets: value and organic health food.
A web short highlighting Wurstfest, a New Braunfels attraction that reels in 120,000 tourists a year. Video by Axel Gerdau.
In a city perhaps best known for its summer recreation and once-a-year “ten day salute to sausage”, New Braunfels is trying to capitalize on its German heritage to bring in tourists year round.
“We are a destination in the summer for Schlitterbahn and the river, and people know about Wurstfest,” New Braunfels Mayor Gale Pospisil told KUT News. “But we have a great deal of German heritage here, and one of the things we’ve been working on is trying to spread our tourism over the entire year.”
While Borders Bookstores could begin liquidation across the country as soon as Friday, Austin’s three locations are already long gone. Their evaporation was followed by a slight bump in sales at Austin’s largest independent book retailer, but that doesn’t mean BookPeople’s owner is excited to see Borders disappear.
“I actually feel kind of bad about it because I think it’s bad not to have more showrooms,” BookPeople CEO Steve Bercu told KUT News, who worries about the implications for publishers to lose hundreds of thousands of square feet of display space.
Record labels, movie studios and other industry groups recently struck a deal where participating internet service providers (ISPs) will issue warnings to customers whose accounts are allegedly used to steal content. The NFIB says small business owners could be charged, fined or worse.
Has an Austin grocery store ever received this much hype before it has enough money to open a single location? Perhaps it’s the packaging-free premise explained in this catchy video, or maybe it’s the lack of healthy grocery options in East Austin, but in.gredients has attracted a lot of media attention.
Now here’s some more: in.gredients has announced a location for its yet-to-exist store. It's going to be at 2610 Manor Road.
When a shrimper goes out on the Gulf of Mexico for a day's work they are supposed to bring a laminated "Mayday" card in case of emergency. The card has instructions on how to call in an emergency from the sea by radio. It also includes a conversation guide printed in English and Vietnamese.
Planners for the proposed Formula One race track in Southeast Travis County are a step closer to starting construction on some of the buildings at the track.
Officials met with several Travis County agencies last night, including the Transportation and Natural Resources and Sheriff's Departments and Fire Marshal’s Office, to discuss transportation and safety planning. County authorities are issuing building permits for more structures at the track today.
Round Rock-based Dell Inc., one of the largest employers in Central Texas, may be on the verge of launching a new tablet computer. PC World reports on a leaked video that appears to reveal the Dell Peju, a new 10-inch tablet due to be launched in October.
The Space Shuttle Atlantis will lift off Friday - the last shuttle mission for NASA.
Contractors who work on the shuttle program have been getting pink slips for the past year and a half, as the program winds down. But thousands more in Florida, Alabama and Texas will be out of a job after the final mission.
USA Today reports on how Florida's Space Coast economy will be impacted by the end of the program.
If you're a fan of "Dublin Dr. Pepper," that variety of the soda made from pure cane sugar, you may want to stock up. Dr. Pepper Snapple Group Inc. is suing the Dr Pepper Bottling Co. of Dublin, Texas for breaking the terms of their contract.
The mayor and City Council voted to waive $3.8 million in fees for White Lodging’s construction of a new convention center hotel in downtown Austin today.
Mayor Lee Leffingwell supports the construction of a convention center hotel as an effort to attract more tourism revenue. He says Austin’s convention center bookings have been declining because its capacity is too low. The mayor says he received interest in booking conventions as soon as rumors started circulating that Austin could expand its convention center space.