Issue 47, Volume 78

Page 1

Thursday, November 15, 2012 // Issue 47, Volume 78 /////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

THE DAILY COUGAR

T H E

O F F I C I A L

S T U D E N T

N E W S P A P E R

HOUSTON ECONOMY The economy in Houston is faring better than the U.S. as a whole with an unemployment rate 1.1 percent less and a job growth 1.58 percent more, according to Sperling’s Best Places. 8.6% 7.5%

Houston U.S.

1.93% 0.35% Unemployment rate 51.82%

Recent Job Growth

Income Per Capita

$26,792 $26,154

49.15% 43.82% 39.38%

8.8% 7.03%

Income below 50K

Income between 50-150K

Income above 150K

O F T H E

U N I V E R S I T Y

O F

H O U S T O N

Great Recession easier on Houston Alfred Mendez Contributing writer

According to Ted C. Jones, senior vice president and senior economist at Stewart Title Guaranty Co., Houston has more jobs available than ever in the city’s history. In Tuesday’s second bi-annual symposium, “Houston 2012-2013: A Sparkling Diamond of Many Facets – Medical, Oil & Gas, Petrochemicals, the Port… A Real Estate and Economic Outlook,” Jones highlighted Houston’s relatively prosperous economy. The presentation by Jones, keynote speaker at the Bauer College of Business’s Institute for Regional Forecasting, predicted the creation of 80,000 new jobs in Houston throughout the next year because of the booming medical, shipping, real estate and energy industries in the area. The amount of industry in Houston is the highest its been in a decade. The symposium series has been a staple event of the IRF since 1979 and local business leaders rely on it for independent and objective economic projections for Houston, according to Latha Ramchand,

dean of the C.T. Bauer College of Business. “At the University of Houston and at the business school, we strongly believe we need to stay connected and engaged to the business community and today’s symposium is a good example of that,” Ramchand. “When you’re forecasting, you’re looking at how your business is going to be for the next year and you’re looking to experts for advice. The more you know, the better you’re budgeting is going to be and the more accurate your business will be in forecasting profits.” This was the first time the IRF hosted the event at Bauer, Ramchand said. More than 700 people were in attendance. Muoy Kuon, an attendee and city employee, was eager to hear how Houston has overcome the financial woes that have burdened the rest of the country. “This is my first time attending and it was very exciting. I thought it was an enlightening view of what’s going on from a business perspective. I also wasn’t aware of the impact that so many factors, ECONOMY continues on page 12

S I N C E

1 9 3 4

OPINION

Marriage rights march on LIFE+ARTS

Zach Wahls lectures at UH SPORTS MEMPHIS SMU

HOUSTON

Big East unveils divisions

LECTURE

UH gets its chance to ‘¡Ask a Mexican!’ Laura Gillespie Staff writer

Author Gustavo Arellano, who writer the collumn ¡Ask a Mexican!, run in the Orange County Weekly, will visit campus at 5 p.m. Thursday for this year’s first lecture in the Food for Thought lecture series. The event will be held in room 104 of the Roy G. Cullen Building. “Mexican food is a multi-billion dollar industry,” said Arellano. “Salsa had more sales than ketchup in this country. “Mexican food influences all Americans, not just Southwestern Americans. Nobody has really bothered to examine the history of Mexican cuisine.”

Arellano’s new book, “Taco, USA. How Mexican Food Conquered America” will be discussed in the lecture as he explores the American people’s affinity for Mexican food, and how they’ve taken it and made it their own. He cites the Mexican population of California and Texas as the fathers of this preference. “Eating, eating and eating. I did archival research, looked in university libraries and oral histories,” Arellano said. “I just had to go out and find the story and figure out what’s important.” The Food for Thought Lecture series is co-hosted by the El Paso FOOD continues on page 3

GET SOME DAILY

thedailycougar.com

ONLINE EXTRA UHPD received a report of a possible shooter last night

LAST NIGHT Update on construction near Cougar Woods and on Cemo Hall

COUNTDOWN

7

Days until Thanksgiving

Start practicing your ‘I’m excited to see you’ face.


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