Houston Matters

How Realistic is Solving Houston’s Pension Problem with Oil Prices So Low?

Posted on · The problem is well-documented by now. The City of Houston has growing and unfunded pension obligations to meet but is limited by state control and a revenue cap. Back in September, the Houston-based nonprofit Laura and John Arnold Foundation laid out this challenge facing the city in a report entitled “Swamped: How Pension Debt is […]

Houston Matters

Could Houston Become Another Detroit?

Posted on · Moody’s Investors Service recently affirmed the City of Houston’s Aa2 credit rating. It’s a good grade, based on a generally robust economy. But Moody’s also changed its outlook for Houston from “stable” to “negative.” Why? The city’s growing pension costs — $3 billion and counting. Houston is hardly the only city in America facing looming pension obligations, […]

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The Long Term Unemployed & Sports Monday: Houston Matters for Mon. Jan. 13, 2014

Posted on · As politicians in Washington continue to haggle over the restoration of long-term unemployment benefits, more than a million Americans have stopped receiving checks. On the one hand, the long-term unemployed are likely to be those most at financial risk, and so most in need of help. They also could impact the economy for the rest […]