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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Troubled RadioShack files SEC form, talks with 'major vendor'

RadioShack Corp.’s latest filing with the U.S. Securities and Exchange Commission describes recent discussions that “could be beneficial to the financial restructuring of the company.”

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REIT plans demolition of Fort Worth's Westchester Plaza, mixed-use redevelopment

The developer is seeking a $3.8 million reimbursement from the Southside tax increment finance district.

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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Hutchison: Governments should invest in higher ed

 

URIEL J. GARCIA,Associated Press

 

 DALLAS (AP) — Former U.S. Sen. Kay Bailey Hutchison called for more funding for research universities on Tuesday amid a debate over whether higher education budgets should be cut.

The Republican said federal and state governments should make research universities a priority, calling government funding "the seed corn" for development.

"The federal government is retreating, but they've got to set the priorities," Hutchison said at an event for business and civic leaders at UT Southwestern Medical Center in Dallas. She added that if state support for higher education declined further, "pretty soon we're not going to be able to call them public universities."

Just under 30 percent of the operating sources for universities come from the state, according to Dominic Chavez, spokesman for the Texas Higher Education Coordinating Board.

University of Texas System Chancellor Francisco Cigarroa said in an interview that he was content with the state Legislature's work this year after lawmakers approved an expansion of the UT system's medical school to the Rio Grande Valley.

"What we want to do is to continue to put higher ed, and our research universities, front and center," he said.

He added that universities need to market positive results to those who wish to cut the institutions' budgets.

"We haven't been very good at telling our message, or the message has been missed," Cigarroa said.

Lawmakers and the UT board of regents have been mired in a battle over university research, particularly in the arts and humanities, where critics say money is wasted.



 

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Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?