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A warning, a watch and 3 advisories in effect for 9 regions in the area

See the complete list

WEATHER ALERT

A warning, a watch and 3 advisories in effect for 9 regions in the area

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ECONOMY


Watch: City leaders announce enrollment for open ‘Ready to Work’ job training, education program

City leaders including Ron Nirenberg, District 8 Councilman, Manny Peláez, Ready to Work Executive Director, Mike Ramsey and others will participate in the event.

Baby formula shortage is making low-income mothers struggle to pay for a product usually covered by the state

The state’s poorest mothers are paying hundreds of dollars out of pocket when they find baby formula because they say they can’t risk waiting for the exact brand and size container covered by Texas’ Women, Infant and Children program.

UK economy 'only going to get worse' as growth slowdown begins

Sterling hit a two-year low versus the U.S. dollar following the GDP data as traders digested growing uncertainty about the U.K.'s economic outlook.

cnbc.com

Gas prices jump 26 cents in one week to reach all-time high in San Antonio, Texas and U.S.

Here are today’s average gas prices for San Antonio, Bexar County, Texas and the United States

T-Squared: Tickets for The Texas Tribune Festival are on sale now

Join us in Austin from Sept. 22-24 for our biggest and best ideas weekend ever. The 30 speakers we’re announcing today are only a hint of what we have planned.

Ukraine war: Russian energy embargo needed now, says finance minister

An EU ban on oil and gas from Russia would limit its ability to fight in Ukraine, Sergeii Marchenko says.

bbc.co.uk

Texas voters approve two modest property tax relief measures

The state’s high property taxes have taken center stage as Texas’ real estate market explodes and drives up home values.

Austin becomes the first Texas city to experiment with “guaranteed income”

Austin joins at least 28 U.S. cities, like Los Angeles, Chicago and Pittsburgh, that have tried out some form of “guaranteed income” — financial assistance targeted at needy households.

Analysis: Texas is great — and ought to be better

Texas is a great state, but there’s a lot of work to do, and it starts with the public — and what Texans really want. The political class isn’t going to do this on its own.

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Analysis: The case for big ideas in Texas government

Texas political leaders usually settle for caution. The big stuff is risky, but it’s also possible — and even inspiring — to see leaders ignoring the small stuff and aiming higher.

As Texas home values skyrocket, state officials wrestle with how to slow property tax increases

Texas school districts, cities and counties rely heavily on property taxes to pay for roads, libraries, police, firefighters and public schools. But lowering tax bills has long been a difficult endeavor.

China's economy may be 'struggling' — but it's 'not in serious trouble,' says economist

China on Monday posted better-than-expected GDP growth in the first quarter, though retail sales for March slumped amid ongoing Covid lockdowns on the mainland.

cnbc.com

Abbott ends inspections that clogged commercial traffic at U.S.-Mexico border for more than a week

The deals Abbott made with three of the four Mexican border governors don’t include any new security measures south of the border. Abbott threatened to restart the inspections if Mexican states don’t slow migration to Texas.

Eviction filings in Texas’ major cities reach new highs since pandemic began

Houston, Dallas, Fort Worth and Austin all ranked among the top 10 cities for new eviction filings in early April, among the 31 cities tracked by Eviction Lab.

Analysis: Texans without high-speed internet are getting closer, slowly

Like other states, Texas found out during the pandemic how critical high-speed broadband is for school, work and medicine. And the state is working to expand it — but it’s going to be at least a year before Texans start to see results.

Gov. Greg Abbott announces deals with two more Mexican governors to halt Texas’ vehicle inspections at the border

The announcements come a day after Abbott reached a similar deal with Nuevo León’s governor, who agreed to add security at a major border bridge in exchange for an end to increased vehicle inspections by Texas troopers.

City of San Antonio gives DeLorean up to $563k in grants to establish headquarters at Port SA

The San Antonio City Council is hoping the revamped car brand from the Back to the Future movie franchise will bring economic success back to San Antonio in the future.

Produce providers in San Antonio keeping a close eye on rising food costs

San Antonio area produce companies are keeping a close watch on the situation surrounding the border as the food prices continue to rise.

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Biden administration, Mexican governors urge Abbott to end inspections that have bogged down border trade

Gov. Greg Abbott is slated to have a meeting and press event with Samuel Alejandro García Sepúlveda — the Mexican governor of Nuevo León, the state that includes a section of the border near Laredo — later Wednesday afternoon.

Food banks struggle to help Texans as grocery prices increase

The pressures pushing up costs for consumers are also hitting agencies trying to combat hunger, making it hard to keep up with rising demand for their aid.

Analysis: Texas schools need support from politically distracted state leaders

Public education in Texas — like everywhere in the country — is hurting after more than two years of pandemic. But many in the political class are preoccupied with reforms that have more to do with social issues than with education.

International trade halted at Texas border crossings as truckers protest Greg Abbott’s new inspections

Commercial traffic at the Pharr-Reynosa International Bridge stopped Monday and a similar protest affected traffic into and out of El Paso. The blockades could impact the flow of produce to restaurants and grocery stores.

The Issues Dividing America Ahead of the Midterms, Explained

Though the economy may be the focus of November’s congressional elections, other divisive topics -- some new, some perennial -- will also vie for attention from voters. These so-called wedge issues are being fanned mostly by Republicans, who see little downside in taking on polarizing issues that might motivate conservative voters. The Supreme Court, with six of its nine seats filled by conservative justices appointed by Republicans, seems poised to stir things up even further with upcoming deci

washingtonpost.com

Greg Abbott’s call for more vehicle inspections at the border is causing delays and supply chain issues, locals say

Trucks delivering products from Mexico are facing hourslong waits at ports of entry.

Biden bets strong job market will shield economy from slump

The Biden White House is betting the U.S. economy is strong enough to withstand the threats to growth posed by inflation and the war in Ukraine.

Texas border officials worry that Greg Abbott’s order to increase vehicle inspections will hurt local economies

The governor is pushing for more border security measures, some of which he acknowledges will slow traffic across the Texas-Mexico border.

5 things I learned about inflation, after talking to an expert

Inflation is the topic of the month in our solutions journalism show, “Solutionaries.”

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Analysis: In Texas elections in 2022, economic concerns loom

A new Texas Lyceum poll finds the state’s voters in a sour mood — particularly around economic issues. That’s useful information for candidates during this election year, and for the officeholders who’ll be trying to put things in order after the elections.

T-Squared: RevLab at The Texas Tribune will co-host a three-day Independent News Sustainability Summit in October

RevLab at The Texas Tribune is partnering with LION Publishers and the News Revenue Hub to host the first Independent News Sustainability Summit from Oct. 27-29 in Austin.

Road closures on St. Mary strip will go through the weekend

The San Antonio Police Department kicked off a pilot program on Thursday, a parking study of the St. Mary’s Strip in the hopes of alleviating unwanted parking and trash on residential streets.

US growth in Q4 revised lower to 6.9%, slower growth to come

The U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported Wednesday, a slight downgrade from its previous estimates.

Analysis: Texas gets a respite on Medicaid, but not a cure for the uninsured

Texas got a temporary reprieve on Medicaid funding from the federal government. But that won’t solve underlying problems with high numbers of uninsured Texans and the plight of hospitals in the state — especially those in rural areas.

Road barricades near Saint Mary’s Street to begin Thursday

San Antonio District 1 City Councilman Mario Bravo provided more information about the road blockades along the North St. Mary’s Street strip that will go into effect starting Thursday through Sunday from 7 p.m. to 2 a.m.

T-Squared: Save the date! The Texas Tribune Festival is Sept. 22-24 — in person, in Austin, just as you remember it

We cannot wait to see you there. With elections looming and issues aboil, we have our best-ever program planned.

East Side residents ready to see community upgrades but worried about family displacements

East Side residents want to see road improvements, more access to grocery stores, and improved quality of life but are worried about what they might lose because of those upgrades.

Community groups eager for shot at federal recovery dollars

The $326.9 million from the American Rescue Plan Act has hit the city’s financial books, but it hasn’t yet made its way the dozens of community organizations eagerly waiting for a piece of the singular financial windfall.

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Crypto Series event in San Antonio aimed at educating about cryptocurrency, NFTs

The event was aimed at educating the community about the shift to digital currency and to make the digital world less intimidating.

An end to tax havens? How a new global minimum tax rate could affect the world’s economy

Here are facts and figures of the OECD’s plan and what it hopes to achieve.

Bars, music venues voluntarily agree to operation changes following resident complaints in Tobin Hill

Sixteen of 19 bars and music venues along the St. Mary's Strip in the Tobin Hill community agreed to changes in business operations in order to cut down on parking and crime issues for residents.

5 charts show inflation’s impact on prices in San Antonio and Texas

Inflation is on the rise across the country, and Texas has not been spared by rising prices.

San Antonio tourism industry gears up for bullish season ahead

The San Antonio downtown business community dependent on tourism is optimistic after the first two weeks of spring break started strong.

Texas warns firms they could lose state contracts for divesting from fossil fuels

A new law prohibits the state from contracting with or investing in companies that divest from oil, natural gas and coal companies.

Families are desperate for child care, but providers face a “roller coaster” trying to survive

Although child care providers have mostly reopened, 8% have closed permanently since the start of the pandemic — and 57% of Texas counties still qualify as child care deserts.

Deadline for Texas service industry workers to apply for free childcare this week

Those in the service industry still have time to apply for free childcare if they are eligible. Workforce Solutions Alamo is working to extend the funding available.

Rideshare, food delivery drivers making less money with rising gas prices

Some app-based delivery drivers are rethinking if it’s worth continuing in that line of work as gas prices hit record highs.

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Could rising inflation mean falling tourism in San Antonio?

Inflation could make vacations more expensive. So how will that affect one of San Antonio's biggest industries -- tourism?

More people pedaling past the pump amid soaring gas prices

Thinking about ditching your car for a more affordable option? You’re not alone. More are considering e-bikes to commute to work or run errands.

How sweet are you on breakfast? Try your hand at this quiz about beloved cereal

The popular breakfast food had sales over $9 billion in 2020 and then $8.66 billion in 2021, according to IRI, a market research firm in Chicago.

As gas prices rise in the US, countries around the world are feeling pain at the pump even more

According to data from globalpetrolprices.com, 46 countries has gas prices that are $6 a gallon or more, 26 have prices that are at least $7 a gallon while nine countries have gas prices that are $8 a gallon or more.

Today’s gas prices in San Antonio, Texas, US

Here are today’s average gas prices for San Antonio, Bexar County, Texas and the United States

A year after feds allocate funds, Texas launches program to help homeowners avoid foreclosure because of COVID-19

Twenty-five states, including California and New York, preceded Texas in getting federally backed programs up and running to help homeowners suffering financial hardship because of COVID-19.

What are tax havens, and who benefits from them?

Tax havens, also known as offshore financial centers, are a country or jurisdiction that has minimal tax liabilities to foreign individuals or businesses.

Rising paint prices chipping away at earnings for those in construction business

Contractors and those in the paint business are feeling the pain of a mixture of problems affecting paint production.

Analysis: Hey, Texans, get out there and vote!

On this first day of early voting in the Democratic and Republican primaries, take a moment to think through the issues — whether the candidates are talking about them or not — before you cast your ballot.

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Book review of The World According to China by Elizabeth Economy

Elizabeth Economy looks closely at Xi Jinping's push to make China the center of the world.

washingtonpost.com

US economy grows at fastest pace for 50 years

Economic activity jumped by 6.9% in the last three months of last year, beating forecasts.

bbc.co.uk

German economy grew by 2.7% in 2021 as country tackled supply chain issues, surging Covid cases

The German economy grew by 2.7% in 2021, despite another year of surging Covid-19 cases, pandemic-related restrictions and supply chain pressures.

cnbc.com

US price rises hit highest level for 40 years

Prices rose 6.8% in the year to November with the cost of fuel, used cars and food rising fastest.

bbc.co.uk

Russia comes in from cold on climate, launches forest plan

A large Russian island north of Japan will be a testing ground for Moscow’s efforts to reconcile its prized fossil fuel industry with the need to do something about climate change

washingtonpost.com

Here's where the jobs are — in one chart

October's job creation was strong in almost every sector, as hiring across industries helped the broader U.S. economy rebound from a late-summer lull.

cnbc.com

Australia jobs: 'The staffing issue is impossible'

Can free flights and rent lure the foreign workers back to Australia who quit when Covid arrived?

bbc.co.uk

The U.S. Economy Is Better Than It Looks

Yes, growth was weaker than forecast in the third quarter, but the latest GDP report also shows that the softness is temporary.

washingtonpost.com

As the Taliban prepares to unveil Afghanistan’s new regime, it faces remnants of resistance

The Taliban's hold over the country is not in dispute but it is facing challenges from women against its extreme version of sharia law and guerrilla fighters in Afghanistan's north.

washingtonpost.com
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Fed's Powell: There's no returning to pre-pandemic economy

Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy has been permanently changed by the COVID pandemic and it is important that the central bank adapt to those changes. “We're not simply going back to the economy that we had before the pandemic,” Powell said at a Fed virtual town hall for educators and students. Powell said that, while it is not yet clear if the delta variant of COVID will have further impact on the economy, the country has already seen significant changes since the pandemic began shutting the country down in March 2020.

news.yahoo.com

UK economy set to grow at fastest rate since WW2

Economy expected to grow by 7.25% in 2021 as lockdown restrictions are eased, says Bank of England.

bbc.co.uk

Economy Improves Amid Pandemic

The economy rose 6.4% in the first quarter.

newsy.com

Economy Improves Amid Pandemic

The economy rose 6.4% in the first quarter.

newsy.com

Economy grew by 1.6 percent in first quarter, showing signs of boom to come

The U.S. recovery likely found its rhythm in the first three months of 2021, according to early forecasts of data to be released by the Bureau of Economic Analysis this morning. It appears likely all Covid-19-era losses will be recovered by the middle of this year.

washingtonpost.com

Jim Cramer throws cold water on talks about market peak, says economy starting a new cycle

CNBC's Jim Cramer on Monday advised that retail investors ignore talk of a potential market top with the economy in recovery mode.

cnbc.com

U.S. economy is 'on the brink' of a complete recovery, says Richmond Fed's Barkin

Pedestrians walk outside the New York Stock Exchange in the U.S. The U.S. economy is recovering from the Covid-19 recession, but some economic "scarring" may take a long time to heal, said Richmond Federal Reserve Bank President Thomas Barkin. Economic scarring refers to damage left behind by crises that will suppress growth prospects over the medium or long term. "I'm hopeful we're on the brink of completing this recovery," Barkin said Monday at the Credit Suisse Asian Investment Conference that's being held virtually this year. The U.S. economy contracted by 3.5% in 2020 compared to a year ago, estimated the Bureau of Economic Analysis.

cnbc.com

Without stimulus, employment might not reach pre-pandemic level until 2024

Without stimulus, employment might not reach pre-pandemic level until 2024 New analysis from the Congressional Budget Office predicts the U.S. economy will return to its pre-pandemic peak in the middle of 2021, but the number of people employed won't return to previous levels until 2024. Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, joins CBSN's "Red & Blue" host Elaine Quijano to discuss what she thinks the federal government should do to aid the economy.

cbsnews.com

Officials across U.S. give COVID-19 updates as new cases hit all-time high

Militias take aim at gun laws: "It's about shooting tyrants in the face"

cbsnews.com
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Trump and Biden pause to mark Veterans Day

Militias take aim at gun laws: "It's about shooting tyrants in the face"

cbsnews.com

U.S. GDP booms at 33.1% rate in Q3, better than expected

The gain came after a 31.4% plunge in the second quarter and was better than the 32% estimate from economists surveyed by Dow Jones. "It's obviously good news that the economy bounced back in the third quarter," said Eric Winograd, senior economist at AllianceBernstein. "There's still a lot of work to do here and the pace of improvement ... is going to slow. That is part of the reason that the pace of growth is going to slow from here." The economy has been in a technical recession since February, as first-quarter growth declined at a 5% pace.

cnbc.com

IMF revises its global GDP forecast higher, but warns the economy 'remains prone to setbacks'

The International Monetary Fund on Tuesday turned slightly more positive on the global economy for this year, but warned of a "long, uneven and uncertain" recovery. The global economy is now projected to contract by 4.4% in 2020 — an upward revision from an estimate of -4.9% made in June. The IMF's projection assumes that social distancing due to the coronavirus pandemic will continue into 2021, and that local transmission will fall everywhere by the end of 2022. However, it warned that the coronavirus crisis is far from over. The IMF projected "only limited progress" going forward and cut its GDP (gross domestic product) growth expectations for next year to 5.2%, from an estimate of 5.4% made in June.

cnbc.com

Texas businesses returning during coronavirus are unlikely to spur fast economic recovery people need

Child care facilities, bars and sports events will also now be able to return with restrictions in place, Abbott said. In allowing more businesses in Texas to open, Abbott has said hes following data and experts to guide his decisions. The energy sector is tightly tied to the states economy and budget. Since Abbott and several local Texas officials first shuttered businesses to stop the virus' spread, hundreds of thousands of people lost their jobs. With so much economic devastation wrought by the virus, many Texans simply don't have the money right now to support businesses.

How China could use this moment to charge ahead with its geopolitical agenda

China, the world's second largest economy, is under threat as the pandemic wipes out jobs and slows productivity and growth. But even with the economic setback, that's not stopping Beijing from doubling down on its geopolitical agenda. China could be using diplomatic outreach, while skirting any responsibility for the crisis, as a way to move forward with its geopolitical plans, Economy said. I think the Trump administration will be looking to China to buy American, to fulfill the promises that it made," she said. In the meantime, the People's Republic of China has rolled out significant measures to offset the economic impact of the pandemic.

cnbc.com

RNC will focus on economy, and other MoneyWatch headlines

The economy is the theme on Day 2 of the RNC; Yahoo saw profits plunge 64%; and Nintendo doubled its market cap thanks to "Pokemon Go." These headlines and more from CBS MoneyWatch.

cbsnews.com

The economy is improving, so why are Americans feeling so down?

The economy is improving, so why are Americans feeling so down? Steady job-creation this year has failed to quell people's anxiety about their financial prospects and the broader direction of the economy. CBS News' Lauren Lyster reports.

cbsnews.com

Will the economy change much during the year's second half?

Will the economy change much during the year's second half? The economy contracted nearly three percent during the first quarter of the year. CBS News business analyst Jill Schlesinger explains what to expect in the second half of the year.

cbsnews.com

U.S. economy shrinks for first time in three years

U.S. economy shrinks for first time in three years The harsh weather this past winter is getting much of the blame for a slowdown in the economy, but most economists believe it sets the economy up for a strong rebound this quarter. Anthony Mason reports.

cbsnews.com
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