The Economist

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.

The Paris tragedy

The horrific events in Paris of Nov. 13, 2015, shocked the world. The tragic loss of at least 129 lives is difficult to comprehend, and our hearts go out to those who have been affected. The human cost is beyond quantifying, and is of course the primary concern.

Texas tech

As the oil surge came to an end with the decline in crude prices late last year and earlier this year, the fallout for the Texas economy naturally became a source of concern. Clearly, drilling and exploration activity had been a major source of new jobs, both in oil-producing regions (such as the Permian Basin and South Texas) and in metropolitan areas with a large industry presence (including Houston). Spillover benefits boosted the economies of every corner of the state, and with retrenching in the industry, a slowdown in the state’s growth was no surprise.

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