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Lost: Large black dog with long hair, name is Lucky, 1 blue eye, has rabies tag, last seen on CR 329, Floresville. Any information call 830-391-2438.

VideoLost! Red female dog, named Mellie. Corgi build, stocky, short legs. Creekwood or Eagle Creek Ranch. Please call Christy 501-442-1812 or Kevin 210-577-8364 anytime! We miss our girl so much!
Reward! Black Manx cat (no tail), shy, medium build, "Bear", missing since Oct. 22, we miss him so much! 210-635-7560.
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Help Wanted

Karnes/Wilson Juvenile Probation Department is seeking a Prevention Specialist for our JJAEP.  Position is full time and grant funded.  Employee will act as a drill instructor working with youth ages 10-17 while providing skills training and educating students on the effects of drugs, alcohol, and tobacco. Position requires military protocol knowledge which is the basis to the structure of the day program. Qualifications: Juvenile Supervision Officer Certification required. (Department will train and support certification process.) Prior military experience preferred; Minimum education level: high school diploma; Bachelor’s Degree preferred. Salary is commensurate with formal preparation, experience and agency’s funding status. To apply send resume to 337 Alternative Lane, Floresville, TX 78114, or email to k-dube@kwjpd.com. For questions call 830-393-5368 ext. 31012. Position open until filled.
*Fair Housing notice. All help wanted advertising in this newspaper is subject to the Fair Housing Act which makes it illegal to advertise "any preference limitation or discrimination based on race, color, religion, sex, handicap, familial status, or national origin, or an intention, to make any such preference limitation or discrimination." This newspaper will not knowingly accept any advertising for help wanted ads, which is in violation of the law. Our readers are hereby informed that all dwellings advertised in this newspaper are available on an equal opportunity basis.
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The Economist: The Long-Term Outlook for the Texas Economy




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The author of this entry is responsible for this content, which is not edited by the Wilson County News or wilsoncountynews.com.
Dr. M. Ray Perryman
July 11, 2012 | 2,988 views | 3 comments

Texas is forecast to continue to outperform the nation through the long-term horizon. The Lone Star State fared much better than most of the United States during the recession, and currently faces lesser problems in term of unemployment and housing market conditions. Recently, the state’s economy has continued to improve and unemployment rates have decreased, although they remain undesirably high in a few parts of the state.

A long-term economic forecasting perspective requires a slightly different focus, with emphasis on factors which are more fundamental to growth such as demographics, education, and the changing industrial base. Texas is facing substantial challenges in some of these areas, while others are improving the state’s outlook.

The Texas housing market avoided the worst of the national downturn, and many areas are now approaching sales at levels historically supported by population expansion. Foreclosures are down and permits are increasing. Inventories of homes for sale are also falling. Another source of strength is oil and gas exploration and development. Rig counts have been trending well over 900, with activity in both long-established fields (such as those in the Permian Basin) and more recent finds (such as the Eagle Ford Shale in South Texas). Technological improvements have both increased total recoverable amounts and enhanced economies.

Most of the current growth in production of natural gas has come from shale formations such as the Barnett Shale in the Metroplex area and the Eagle Ford Shale (which also has substantial oil reserves). These fields are emerging as a crucial component of the nation’s natural gas supply, and estimates of the total potential US supply from shale sources is rising rapidly as new fields are discovered and explored. While low gas prices are limiting new drilling at the moment, market patterns will change over the long-term horizon. Drilling for oil remains strong.

For the areas in close proximity to fields, the economic stimulus is particularly strong. Exploration and production involve huge capital investments, thousands of jobs, and millions in royalty payments. Although the Texas economy has diversified to the point where it is less tied to energy than in the past, oil and gas related activity will remain a notable source of economic stimulus for the foreseeable future.

Recent locations and expansions are also working to position Texas for future growth. A number of sizable investments in the state have substantial potential for synergistic development. The Caterpillar manufacturing facility in Victoria, technology firms such as Apple in Austin and the Metroplex, and many others will generate opportunities in the decades to come.

In spite of the good economic news for Texas, there remain substantial obstacles to continued success. Global and national issues can curtail the state’s future performance. The debt crisis in Europe (and elsewhere), the “fiscal cliff” the United States is facing, and other sources of uncertainty pose threats to Texas’ expansion.

The State budget situation is another cause for concern. Insufficient investment in needed infrastructure could stifle future expansion, as problems such as traffic congestion decrease the state’s competitiveness for attracting corporate locations. The fundamental imbalances in State revenues and expenses must be addressed in a meaningful way or prosperity will ultimately be threatened. Another major challenge for the Lone Star State is educational attainment, but that’s a topic for another day.

Balancing the strengths and challenges, The Perryman Group’s latest forecast calls for reasonable expansion through the long-term forecast horizon. Compound annual growth in output (real gross product) during the 2011-2040 timeframe is expected to be 3.3%, which translates to expansion of more than $1.8 trillion. The information, durable manufacturing, and services sectors are projected to exceed a 3.9% compound annual rate of growth in output over the period.

Employment is forecast to increase at a 1.59% compound annual rate, with total gains of almost 6.4 million jobs. Sectors expected to see the largest numbers of new positions over the next three decades include services (projected to add some 3.9 million net new jobs) and wholesale and retail trade (up almost 876,000). The information sector is likely to see compound annual employment growth of more than 1.6%, while several others expand at a rate greater than 1.0%.

In conclusion, the Texas economy continues to recover from the recent recession, with notable job gains and improvement in the housing market. There are also positive trends at work, such as resurgence in traditional sources of business activity and major locations in emerging industries. At the same time, the Lone Star State must deal with key infrastructure and education issues or future economic performance will be jeopardized.

The Perryman Group’s forecast calls for growth over an extended time horizon, though business cycles are inevitable. The state remains well positioned compared to most areas, and has the potential to see even better performance with meaningful solutions to fiscal and other issues.

Dr. M. Ray Perryman is President and Chief Executive Officer of The Perryman Group (www.perrymangroup.com). He also serves as Institute Distinguished Professor of Economic Theory and Method at the International Institute for Advanced Studies.
 
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Your Opinions and Comments

 
4 th Generation Texan  
Sutherland Springs  
July 17, 2012 7:56am
 
"matilde"...that's a fine idea EXCEPT, South Texas would no longer have access to 40% of the oil refining capacity in Houston, Beaumont, Port Arthur. South Texas would no longer have access rail and highway to the ... More ›

 
matilde serna  
floresville  
July 17, 2012 4:04am
 
Texas is best, south texas need to secede from north texas and east texas. This is real Texas. Os this allow in constitution? Make texas 3 states or a country and two states. Good ideas.

 
Elaine K.  
Floresville  
July 11, 2012 11:48am
 
New post.

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