Category: Business & Economy

South Texas Needs Rain. Tropical Storm Alberto Didn’t Deliver Enough.

South Texas Needs Rain. Tropical Storm Alberto Didn’t Deliver Enough.

Jun 25, 2024 |

The Rio Grande Valley in South Texas faced anticipated heavy rains from Tropical Storm Alberto, which ultimately fell short of expected levels, offering some relief to flood concerns but failing to significantly replenish critically low reservoirs like Falcon and Amistad. Compounded by Mexico’s drought-induced water shortages, the region’s agricultural and municipal sectors are grappling with dire water scarcity, impacting crops like citrus and creating logistical challenges for water delivery to communities. Despite recent rainfall providing temporary soil moisture, substantial recovery of reservoir levels hinges on potentially severe hurricane events akin to those seen in 2010, highlighting ongoing vulnerability to water deficits in the area.

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Chocolate Prices Set to Surge Amid Cocoa Supply Crisis [VIDEO]

Chocolate Prices Set to Surge Amid Cocoa Supply Crisis [VIDEO]

Jun 20, 2024 |

Chocolate prices are set to rise sharply as cocoa costs soar past $11,000 per ton due to Federal Reserve policies, speculative trading, and adverse weather in West Africa. Despite previous hedging efforts, companies like Nestlé will increase prices, impacting consumers. Long-term investments in cocoa farming aim to stabilize supply, but product composition may change to adapt to higher costs.

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Financiers Plan To Launch A Texas-Based Stock Exchange

Financiers Plan To Launch A Texas-Based Stock Exchange

Jun 5, 2024 | ,

A consortium of financial heavyweights, including BlackRock and Citadel Securities, has raised $120 million to launch the Texas Stock Exchange in Dallas, aiming to provide an alternative to established players like NYSE and Nasdaq. Positioned as more CEO-friendly amidst rising compliance costs, TXSE aims to capitalize on Texas’s economic growth and corporate headquarters base, potentially reshaping the U.S. equities trading landscape pending SEC approval later this year.

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How a chance meeting helped Texas become the nation’s top beekeeping state

How A Chance Meeting Helped Texas Become the Nation’s Top Beekeeping State

Jun 3, 2024 |

Molly Keck, an entomologist at Texas A&M AgriLife Extension Service, shares invaluable insights with aspiring beekeepers in San Antonio, addressing challenges from pollen-patty-eating beetles to the effect of overcast weather on bee behavior. Their enthusiasm reflects a statewide surge in beekeeping sparked by a 2012 Texas law granting property tax cuts to landowners who keep bees, underscoring the vital role these tiny pollinators play in agricultural ecosystems and the innovative solutions emerging in the beekeeping community. Despite facing hurdles like disease management and habitat loss, the beekeeping boom offers hope, bolstered by dedicated professionals like Gary Barber, whose tireless efforts to maintain hives across the state are supported by the transformative policy change.

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Texans Are Falling Behind On Their Light Bills — Especially During Extreme Heat

Texans Are Falling Behind On Their Light Bills — Especially During Extreme Heat

May 23, 2024 |

In the heart of Texas’ oil-rich Permian Basin, Mary Ann Estrella, a 65-year-old veteran, faces the harsh reality of choosing between groceries and electricity bills. Struggling alongside thousands of fellow Texans, she relies on local charities and assistance programs to keep the lights on, highlighting the ongoing challenges within the state’s deregulated energy market and the pressing need for sustainable solutions to support vulnerable communities.

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