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Entries from Houstonist tagged with 'wallstreetjournal'

February 19, 2008

The Big Sleep has a great band name and a great new album to boot. Instrumental prog-rockers The Big Sleep release their new record, Sleep Forever, today. If you're looking for a calming musical sedative to fall asleep to, you won't find that here. The choice jam sessions on this album mostly make us want to turn up the volume. Really loud. -Download the album's first single, "Pinkies," at French Kiss Records -The Village Voice......

Continue Reading "New CD Releases: February 19, 2008"

January 22, 2008

Some of today's brightest new acts are releasing albums today. MGMT’s major label debut, Oracular Spectacular, is out in stores today after being available on iTunes since last year. The title of this album kind of speaks for itself; the young duo concocts some of the dreamiest, glammiest rock sounds your ears will ever come across. -Read an album review in Pitchfork -Watch the interactive music video for the song, “Electric Feel” -The Wall Street......

Continue Reading "New CD Releases: January 22, 2008"

December 29, 2007

From local Houston headlines, we bring you these weekend news bits... • A bicyclist was killed early Friday evening after being struck by a van on Old Katy Road. • A new three million dollar ad campaign to enhance the city's image is set to launch in February. The ad campaign will feature celebrities such as Beyonce and heart surgeon Dr. Denton Cooley. Expect to see these ads in The Wall Street Journal, USA......

Continue Reading "Weekend News Bits"

October 18, 2007

Good morning, Houston. Looks like our freewheeling land-use policies have gotten some national attention: The Wall Street Journal has a story focusing on the proposed residential tower at Bissonnet and Ashby. "The condo-tower dustup is just the latest in a string of odd situations allowed by Houston's lenient land-use rules," the article explains. "Rowdy cantinas, rock-crushing operations and commercial dumps sometimes pop up in residential neighborhoods. Condo towers sprout next to schools. A pay-by-the-hour......

Continue Reading "Morning Roundup: The Z-word edition"

May 12, 2007

One of this week's most popular blogging topics was Senator Dan Patrick's trip to Hooter's. Miya Shay broke the story on her Houston Political Blog. It was re-blogged by Burnt Orange Report and several other Texas political blogs. Lone Star Times responded to the slight uproar that had been created in good humor, referring to the incident as "Fried Pickle-Gate," because Senator Patrick was at Hooter's with his son and his girlfriend, who likes the......

Continue Reading "Local Blog Roundup: Fried Pickle-Gate"

February 20, 2007

It's no secret that in certain circles, the city of Houston just doesn't get as much respect as other, “elite” cities like New York and Boston. But according to a recent opinion piece by Joel Kotkin in the Wall Street Journal, Houston, and other “newcomer” cities like Phoenix and Charlotte, may have the last laugh. He argues that "superstar" cities have become too expensive and overrated for their own good, driving immigrants and the......

Continue Reading "Speak Softly and Be a Big City"

August 16, 2006

In today's Wall Street Journal, Thaddeus Herrick reports on the continued concern about the fate of several landmarks in Houston. This time, though, there is a solid statement about the developments:David Deason, vice president for development at Barnes & Noble, said the New York-based company intends to close the Bookstop in favor of a "state of the art" facility. But Mr. Deason said the fate of the landmarks is in the hands of Weingarten. The......

Continue Reading "Barnes & Noble announces plans to close Alabama Bookstop"

June 19, 2006

If you didn't see Jeff Skilling's interview with The Wall Street Journal on Saturday, here's what you missed: He thought about killing himself, became resolved to live when federal prosecutors went after him, thinks he helped convict himself and maintains he's not guilty. "I've come to the conclusion that life is better than the alternative, which was not a conclusion that was real clear to me for a period of time," Skilling told the Journal.......

Continue Reading "Skilling: I considered suicide, ate worms, convicted myself"

May 26, 2006

By now, we've all heard a lot (and a lot of the same) about yesterday's Enron verdict — and all this, of course, is only the beginning as we enter four months of speculation about Ken Lay and Jeff Skilling's sentencing and the appeals the ex-execs are certain to file. But in the meantime, there's still some wrapping up to do from yesterday, beginning with Lay and Skilling's reaction to their convictions on charges of......

Continue Reading "Enron: It's never over"

April 28, 2006

Prosecutor John Hueston pressed ex-Enron Chairman Ken Lay yesterday on his allegation that short sellers and financial journalists brought about Enron's collapse, pointing out that Lay's son Mark was one of the people short-selling Enron stock in 2001. Hueston said Mark Lay made more than $166,000 by betting Enron's stock prices would fall. "I didn't know that," Lay said. "He wasn't a vulture was he?" Hueston asked Lay of his son. "I don't think he's......

Continue Reading "Trial, Day 47: My son, the vulture"

April 26, 2006

Former Enron Chairman Ken Lay continued spinning his story of innocence at his trial yesterday, maintaining that Enron's collapse was the fault of ex-CFO Andy Fastow, short sellers and the financial journalists at The Wall Street Journal. Lay stressed that be believed Enron was doing just fine, which means he couldn't possibly have been lying to people when he told them things were OK at the company even as it was sliding toward corporate doom......

Continue Reading "Trial, Day 45: Honesty is the best policy"

April 25, 2006

As expected, former Enron Chairman Ken Lay blamed others for his company's downfall on Monday, his first day of testimony in his and ex-Enron CEO Jeff Skilling's trial. Lay said theft by former CFO Andy Fastow, a conspiracy of short sellers and The Wall Street Journal combined to create a "run on the bank" that ruined what was the country's seventh-largest company in 2001 — and then he pulled a classic "I'm responsible, but not......

Continue Reading "Trial, Day 44: What, me worry?"

March 8, 2006

Everyone expected former Enron CFO Andrew Fastow to deliver some dirt on the company during his first day of testimony in the Ken Lay/Jeff Skilling trial — and he did just that, describing a culture of greed and corruption that he says led Enron to pull all kinds of shady financial deals. Fastow said he thought of himself as a "hero" and indicated he thought his LJM side deals were keeping the company afloat, and......

Continue Reading "Trial, Day 20: Fastow begins"

January 30, 2006

As the so-called "trial of the century" (at least by Houston standards) gets rolling today, the techno-crazy Houston Chronicle keeps us up to the second with two new blogs: Legal Commentary, in which attorneys give insight into the legal wranglings of Ken Lay and Jeff Skilling, and TrialWatch, which gives Chron staffers the chance to tell us what's going on at the courthouse, right now. From TrialWatch, we learn that reporters from Bloomberg were the......

Continue Reading "Blogging the Enron trial"

December 13, 2005

In one of those news stories that makes us wonder whether people do any thinking ahead of time, KHOU reported yesterday that residential electric customers' rates have really gone up since the Texas electric market was deregulated in 2002. Yeah, choice is great, but Houstonist clearly remembers hearing people predict that deregulation would mean price breaks for businesses and industries and higher rates for average citizens. Apparently, no one else heard the same thing. A......

Continue Reading "Electricity shocker: Rates are going up!"

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