Y’all Street

IF IT HAS BEEN A GREAT YEAR FOR U.S. STOCKS, it’s been even better for Texas stocks: They were up more than 42 percent from May 1, 1997, to April 30, 1998, beating the Standard & Poor’s 500 even as America’s long-running bull market stampeded. Don’t believe it?


IS OUR STATE’S MIGHTY mohair empire—which produces 90 percent of the country’s total product—on the verge of unraveling? You’d think so if you visited the mohair meccas along the Edwards Plateau. In Edwards County, for instance, the Angora goat population is 30 percent lower today than it was back in 1993—it’s 50 percent lower statewide—and the price of mohair is about $1 per pound, down from more than $3 in 1994.

Plane Spoken

SITTING IN THE COCKPIT of his metallic-gray 1998 Porsche 911 cabriolet, Gordon Bethune was gearing up for a lunch meeting with a group of newly hired pilots at a hotel near George Bush Intercontinental Airport in Houston.

Empire of Culture

AT THE END OF JANUARY IT WAS announced that Texas Monthly had been purchased by Emmis Broadcasting of Indianapolis. Although Emmis owns primarily radio stations, it also owns three magazines in addition to Texas Monthly and may buy more.

Hoop Scoop

THE SHOT CLOCK is almost down to zero. On March 28 and 30, the NCAA Men’s Final Four will roll into San Antonio and onto the hardwood floor of the Alamodome. For basketball fans, the competition will be awesome, baby—but for the Alamo City, hosting the nation’s top amateur sporting event means high-profile publicity and a tourism windfall. You can almost hear the cash registers ringing.


FOR A GENERATION, Texas has been a veritable God’s country of CEOs, producing more of the nation’s most dynamic business leaders than a Brooks Brothers suit has pinstripes. The roster of Texans who have famously or infamously ascended to national prominence includes Ross Perot of Perot Systems, Herb Kelleher of Southwest Airlines, Robert Crandall of American Airlines, and Charles Hurwitz of Maxxam.

Luci in the Sky

LUCI BAINES JOHNSON once asked her mother how she wanted to be remembered. Lady Bird Johnson, Texas’ reigning matriarch, responded with the kind of Southern, salt-of-the-earth remark that comes naturally to her: “I made a lot of little lists in my life, and I checked a lot of things off.”


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