IN TEXAS IN 1998 THE RECIPE FOR FAME AND FORTUNE CALLS FOR NERDS, not herds.
The Austinites who founded the Collegestudent.Com Web site say the idea came to them as brilliant ones often do: over a beer. “We were griping about how hard it was to find housing, especially in the heat,” says Eben Miller, who at the time was a student at the University of Texas.
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.
MUCH WAS LEARNED on April 29 when W. A. “Tex” Moncrief, Jr., regaled the U.S. Senate Finance Committee with tales of Internal Revenue Service abuse.
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.
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.
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 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.”