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Can we buy our way out of this mess? Dallas Gazillionaire Marty Cortland seems to think so Porridge hd buy I Don’t Want to Be Born

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. He suggests buying Canada for $12 trillion dollars. Why would they agree to be bought? We’d bribe them, of course:

Canada has 23.4 million registered voters. Under the Constitution Act of 1982, amendments to the Canadian Constitution require the consent of two-thirds of the provincial legislatures representing at least 50% of the national population. We would essentially make a tender offer to 12 million of the country’s registered voters offering them $1 million in tax-free U.S. dollars to support an amendment to their Constitution dissolving their sovereignty and annexing themselves to the United States of America.

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Sprint just released a press release in which it lists the cities of Dallas and Fort Worth as one of 10 which will get WiMax service deployed this year. The other cities in which Sprint will also deploy WiMax (or “4G”, as Sprint is calling it) are:
Atlanta
Honolulu
Charlotte
Las Vegas
Chicago
Philadelphia
Portland
Seattle

You can read the full press release here

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Just yesterday, a Dallas Morning news blog entry titled “Good News Alert” talked about how the freefall in the economy was slowing down.

Well, I’m here to tell you that unfortunately, the freefall is just getting started:  The Financial Times (and just about every other publication out there) is reporting today that the US economy contracted 6.3% in the fourth quarter of 2008 alone:

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The US economy shrank in the fourth quarter at its fastest rate since 1982, revised official figures showed on Thursday, as corporate profits fell at the sharpest pace in 55 years and jobless claims continued to climb.

The final GDP figures were expected to show a contraction of 6.6 per cent, but the results signal that a deeper contraction could be coming this quarter.

“All the incoming data suggest that the economy will contract by a staggering 7 to 8 per cent in the first quarter, before the economy begins to stabilise,” said Nariman Behravesh, chief economist at IHS Global Insight.

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BREAKING NEWS:
According to the Dallas Morning News, the Financial Times is reporting that investors recently received a letter warning them developer Hillwood, the owner of the uptown Dallas development Victory Park may not be able to meet its financial obligations. Here is the story on the Dallas Morning News website. The First of the Few film

UPDATE: According to SMU professor William Maxwell, what’s going on is nothing more than a debtor going back to its lender and asking for a renegotiation Fast Times at Ridgemont High The Vikings trailer

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“This is not unusual,” he added, “and you will see firms now doing this earlier on.” He asserted, “A lot of firms are trying to renegotiate their debt contracts. It doesn’t mean they’re going into bankruptcy.”

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Surprisingly, most Dallas residents are Texas-born, by a wide margin:

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Since 1999, Operating Expenses at Dallas Area Rapid Transit (DART) have far outgrown Operating Revenue.  Operating Revenue comes in the form of fares from bus, rail, and paratransit users, as well as other miscellaneous revenue sources, mostly advertising and leases.  As the following graph shows, Operating Expenses from 1999-2008 have gone up $215.9 Million dollars, while Operating Revenue has gone up slighty more than ten percent of that amount: $23 Million dollars.

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DART Operating Revenues & Expenses from 1999-2008

Here are the numbers that make up the chart:

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Ever wonder where DART gets its funding? If you said “well, from the fares, of course!”, you’d be 7% right. The truth is that in 2008 DART got only 7% of its revenues from fares, while the rest came from other sources (mainly taxes):

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Here are the actual figures for 2008, in thousands:

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So, what if we could follow one class, and see how many students of each ethnicity were enrolled in DISD from, say, 8th grade until 12th grade, and even graduation? Wouldn’t that tell us much? No percentages. Straight, hard numbers. Direct from the TEA Standard Reports.

Turns out, we can.

In this next step of our journey, we will follow the class of 2007, from its Eight Grade (in 2002-2003), all the way until 2007, and see how many actually made the walk across the stage. The number may surprise you, and maybe even sadden you a bit. Come with me after the jump for 7 fascinating graphs that tell us plenty about the Dallas ISD Class of 2007.

Read the rest of this entry »

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