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Archive for August, 2007

Houston’s grand plans for wi-fi blanket: are they dashed?

Thursday, August 30th, 2007

Yesterday Chicago announced scrapping plans for a citywide wi-fi blanket access. The mayor cited decreased costs for Internet access to th epublic and increased public connectivity.

Apparently most people already have Internet access and don’t need it, plus, as the mayor said,  it’s widely available through libraries, cybercafes, and so forth.

So why, with the recent EarthLink announcement of employee layoff and other obstacles to delivering Houston blanket wi-fi plan, is Mayor Bill White persisting with the wi-fi plan?

EarthLink has delayed for months and now has paid Houston $5 in reparation. There is a nine month lag ahead, as well. The wi-fi plan is in jeopardy, says the Houston Chronicle.

Is this access necessary? What do you think?

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Congressman Nick Lampson hosts “Congress at your corner”

Wednesday, August 29th, 2007

On Thursday, August 30, Congressman Nick Lampson is hosting a lunch at the Starfire Grill on Bay Area Blvd in Clear Lake. Today he’s in Fort Bend County.

Lampson, who represents the 22nd District of Texas, regularly meets with the public in his district to hear from his constituents. For a schedule of events and to find out when he’s coming to your area, see his Web site or scroll and read below:

Legislative Update at the Sugar Land Exchange Club Meeting
Time: 7:00 a.m. - 8:00 a.m.
Location: Sweetwater Country Club, 4400 Palm Royale Blvd, Sugar Land, TX
I will give a legislative update to the Sugar Land Exchange Club.
For more information please call 281-240-3700.

Speech to the Sugar Land Rotary
Time: 12:00 p.m. - 1:00 p.m.
Location: Sweetwater Country Club, 4400 Palm Royale Blvd, Sugar Land, TX
I will be the featured speaker at the Sugar Land Rotary weekly luncheon.
For more information please call 281-240-3700.

Congress @ Your Corner
Time: 2:30 p.m. - 3:30 p.m.
Location: Another Time Soda Fountain & Café, 800 Third Street, Rosenberg, Texas
Congress @ Your Corner takes my office into the community to hear directly from constituents on issues and concerns.  All residents are welcome and encouraged to attend.
For more information or to RSVP please call 281-240-3700.

Town Hall Meeting in Richmond to Address Skyrocketing College Tuition Rates
Time: 6:30 p.m. - 8:00 p.m.
Location: Wharton County Junior College-Fort Bend Technical Center Rm. TC101, 5333 FM 1644, Richmond, TX
I will host a Town Hall meeting to discuss the rising costs of college with a panel of local administrators and students at Wharton County Junior College. We will discuss the ways Congress is working to make college more affordable.
For more information or to RSVP please call 281-240-3700.

Thursday, August 30, 2007 - Clear Lake

Congressman Lampson Hosts “Congress @ Your Corner” in Clear Lake
Time: 12:00 p.m. - 1:00 p.m.
Location: Starfire Grill, 2412 Bay Area Blvd, Houston, TX
Congress @ Your Corner takes my office into the community to hear directly from constituents on issues and concerns. 
For more information please call 281-461-6300.

Congressman Lampson Hosts a Town Hall Meeting at the University of Houston-Clear Lake
Time: 5:00 p.m. - 6:30 p.m.
Location: University of Houston-Clear Lake, Student Service Building Room 1.1003, 2700 Bay Area Blvd
I will host a Town Hall meeting to discuss the rising costs of college with a panel of local administrators and students at UH-CL. He will discuss ways Congress is working to make college more affordable.
For more information or to RSVP please call 281-461-6300.


Sunday, September 2, 2007 - Galveston County

“Congress @ Your Corner” in Santa Fe with Commissioner Bryan Lamb and Constable Joyce Vail

Time: 2:00 p.m. - 3:00 p.m.
Location: Big Chief Food Store, 12460 Hwy 6, Santa Fe, TX 77510
Congress @ Your Corner takes my office into our community to hear directly from constituents on the issues.
For more information please call 281-461-6300.


“Congress @ Your Corner” in La Marque with Mayor Larry Crow

Time: 4:00 - 5:00 p.m.
Location: La Marque City Hall, Community Room 1109 B Bayou Road, La Marque, TX
For more information please call 281-461-6300.

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Famous Fossil “Lucy” has arrived in Houston!

Monday, August 27th, 2007

Despite controversy and criticism, the Houston Museum of Natural Science has imported the famous fossil known as “Lucy,” which was once believed to be the earliest human ancestor and the answer to many questions about human evolution.

Lucy traveled to Houston from Ethiopia, where the fossils were found and have remained since they were discovered by Donald Johanson.

Currently, Johanson is the director of the Institute of Human Origins at Arizona State University. He endorses the exhibit, “Lucy’s Legacy: The Hidden Treasures of Ethiopia,” and says that now is the perfect time to provide education about human origin, stimulate curiosity and interest in the study of human origin, and believes that the exhibit will be educationally beneficial.

Critics, including Richard Leakey, say the exhibit exploits human ancestors and is too risky for the fragile fossil, which could easily be damaged.

The museum says it has taken all precautions, and Dirk Van Tuerenhout, curator of anthropology for the Houston museum, said the fossils are in the same condition in Houston as they were when they left Ethiopia, and that the bones are not as fragile as some other exhibits have been.

The exhibit runs from August 31, 2007 through April 20, 2008.

There is a live press conference being broadcast through the Internet on August 28, 2007, 10:00 a.m. The broadcast will support either Windows Media Playertest
or QuickTime 7test. For more information, see the museum’s Web site.

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Guide to back to School Shopping for Houstonians

Friday, August 24th, 2007

I decided to jump out with the Google tool and find some good guides to shopping in these last few days before school starts.

Here’s what I found:

S. Thompson wrote Back-To-School Clothes Shopping Tips for Students in Houston, TX which contains many good tips, such as, “keep the dress code in mind.” Thompson also has suggestions for walkers (take a water bottle) and even hair ideas. Click over for more specifics.

Marvin Zindler, who passed away last month, benefited Houston area consumers tremendously. His legacy is the very helpful Consumer Blog. Check out the post, “A Realistic Back to School Guide for College Students,” if you have a student heading out to college. Check out the rest of the blog for more great and helpful consumer information.

Shop Girl has information about weekend events and shopping.

In other news, Melinda Davenport notes that, “The Houston Theater District will celebrate its fourteenth annual Open House event this year on Sunday, August 26 from 12 noon - 5 pm.”

Have a great weekend and I wish you all the best as you wave your children back to school.

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Enrolling kids in a new school: Tips from an experienced mom

Wednesday, August 22nd, 2007

Lesley Alberty is a mother of four who moves frequently due to her husband’s job. After two years in Pittsburgh, the Alberty family just moved to Fort Bend. She has a few tips to ease children’s entrance into a new school.

1. Take it slow. Go day to day. Help your child set realistic expectations and a frame of reference. For example, let your child know honestly that he or she will be the new child and this means other children won’t know what he or she likes, won’t know his or her name, etc. Depending upon your child’s personality, help your child come up with specific methods of introducing him- or herself and getting to know other children.

2. If you enter in the middle of a school year, or even at the beginning, ask the school for information. Learn the schedule your child will have, the teacher’s name, current assignments, and the layout of the school. For example, help your child make a map and overlay a schedule on the map, such as, “Here’s the door I enter, here’s my classroom, there’s the gym, that’s next, then lunch…” about the schedule.

3. Show that you are comfortable with the school and display confidence about your child’s ability to join the school.

4. Find things to look forward to and be excited about, other than friends. For example,  talk about what a neat playground the school has, or find out what the class will be reading and get excited about the books your child will get to read.

5. Reinforce the positive. Remind your child about positive experiences she or he had at the last school. Build self-esteem by helping your child remember all he or she has accomplished (for example, made friends, did well in class spelling bee, got a part in the class play and did well, etc.). Your child can feel proud about all he or she has achieved, and can believe that is possible again.

6. Join outside school activities. This is a good way to meet other children and socialize. But, be careful to not get overloaded and remember not all activities need to begin at the start of school. Consider how many new things and transitions you ask a child to make all at once. Outside activities also build self-esteem and remind your child of a broader world, beyond the school classroom.

7. Pay attention to your child’s cues about how he or she is adjusting. Check in with your child each day and ask specific questions, not questions that are too general and vague, or could garner a yes/no response. For example, ask your child: What story did your teacher read? Was there a challenging math problem? What activity did you do in gym? Did anyone tell a funny joke or make you laugh today? Find out what your child felt good about during the day, and what was a challenge. Encourage pride of accomplishment, and talk through ways to work out challenges.

8. If it’s not going well, for example, your child is not making friends, help your child make friends through other outlets such as in activities or neighborhood…remind you child it’s okay to not have a best buddy in class because school is for learning.

9. Keep up family activities. The family activities give a good, solid foundation. Do fun things together such as go to museums, the library, beach etc. This also gives sense of community, and reminds your child to not center too much on school.

10. Support your child in keeping in touch with old friends and past teachers. Buy a package of postcards and help your child write to friends.

Good luck with a new school year, especially if you are in a new place.

Back to school: The Traditional School Year Movement

Tuesday, August 21st, 2007

House Bill 1, which the governor signed into law in May of 2006, included a provision that denied any waivers for an early school start date and established that school may not begin before the fourth Monday in August.

This provision, which takes effect this month, is a compromise. Senator Eddie Lucio (D-Brownsville) has been working for more than a decade to reinstate the traditional school year, which was repealed in 1990. The traditional school year would always begin after Labor Day.

Proponents of the traditional school year movement say that the majority of Texans prefer a traditional school year. They also claim that a traditional school year decreases operating costs for school, doesn’t negatively affect student performance and achievement, positively benefits the entertainment and travel industry, and helps children of migrant workers miss less school.

Some teachers I spoke with were less enthusiastic. Although they heard the theory behind the movement, they felt it didn’t apply in actuality.

“The longer the break, the longer the student readjustment to school and school schedule,” one teacher, who preferred to remain anonymous, told me.

“If the long break is supposed to benefit teachers to prevent attrition and burn-out, that’s interesting since I’ve been working all summer as a teacher, not in a second job, and am starting school tired already,” said another.

“I worked in a school district that was closer to year-round,” the first teacher said, “We found that teaching new material, then taking a short break, then returning for review and testing was a very successful teaching method. Kids don’t retain it across three months, though. We also found that the tutoring sessions worked better for improved performance over summer school sessions.”

“I prefer a consistent start date,” said one mother, who is also a teacher, “I work in one school district and my children attend school in another. For a while, we had to deal with two different times school started. That gets complicated.”

This difference in opinion is reflected in the membership of the Texas State Teachers Association (TSTA), “Members held different opinions, so the association did not take a position on the school start date issue at this time,” explained Joe Bean of TSTA.

However, two education groups did oppose the mandatory school start time in House Bill 1: Texas Association of School Boards (TASB) and the Association of Texas Professional Educators (ATPE). Adam Rondeau of ATPE said, “ATPE opposed the legislation because individual school districts are best suited for determining when school should start based on local need.”

Why, then, did the state feel a need to mandate a state-wide start date?

Supporter Senator Lucio explains, “School Districts retain flexibility on: School start and end dates, when to set semesters, when to set holidays and vacations, when to set staff development/in-service days. The state sets the number of classroom instruction days, classroom size, the zero tolerance policy, bilingual programs, the TAKS test, and hundreds of other mandates. Why would any of these mandates be acceptable to this body in spite of local control, but setting a school start date would not? And my mandate doesn’t even fall under the category of an unfunded mandate.”

Other supporters cite consistency as their main consideration, “It provides consistency and predictability to children who are moved within the state, state to state and who have parents serving 2 and 3 tours in Iraq,” states information from the supporting position by The Military Child Education Coalition.

Senator Lucio concurs with the consistency and predictability factor, among others. Doris Sanchez, Press Secretary for Senator Lucio, wrote, “The Senator’s main concerns for introducing a later start date were to give families more summer time and to give migrant students an opportunity to start the beginning of school closer to their peers’ starting times. They often return from working up north in September and miss many weeks of school. Energy costs were certainly a factor. Research on air quality was not conclusive, but certainly a factor since the highest ozone days are usually in the summer and adding more buses and cars to the traffic could potentially increase the ozone.”

The data supports both sides of the discussion since most of the supporting information is projection and theory. Nevertheless, the data was compelling enough to gain both Democrat and Republican support. Therefore, school will begin on August 27, 2007, the fourth Monday in August. This provided a lengthy summer, but many parents—such as those whose summer included travel plans—didn’t mind.

“We loved being able to spend six weeks out of state with family. I can’t believe it’s time for school already,” said a stay at home mother.

Senator Lucio’s office agrees and also endorsed the bill to assist working parents, “Families find it easier and less costly to find childcare in block periods as opposed to one- or two-day increments throughout the year. Longer summers provide more opportunities to visit with extended family members who pass down traditions and family values.”

Texas schools collectively remain in the bottom half of the nation’s rankings for proficiency and achievement. Proponents of the traditional school year maintain that the schools in the top percent of rankings begin later, in late August or September, and suggest that a later date can improve performance, although the two pieces of information are not definitely linked.

Because the start date is now law, all groups will follow it. The only allowed exception to the rule is in Section 25.084, which provides an exception for a year-round system.

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Back to school…educational changes on Texas’ horizon

Monday, August 20th, 2007

The 2007-2008 school year begins in one week for Texas students. Will they return to find the same school experience they left last year? Yes…and no. In honor of the last week of summer and the start of school, this week I’ll focus on education. Today, I’ll provide a quick overview of a few topics that have brought changes to public school this year.

* House Bill 1 is a comprehensive bill that affects, among many other things, the school calendar. HB 1 incorporates elements of a movement for a “traditional” school year. Although this movement prefers a school start date after Labor Day, the compromise in HB 1 stipulates that schools in Texas may not begin before the fourth Monday in August. Students are required to be in school for 180 days each school year. On the horizon is legislation that puts an end date requirement (no school past first week of June) on the school calendar, creating a strict bracket for beginning and ending the school year. What does this mean for the school calendar, students, parents and teachers? I’ll provide more details about HB 1 and the school schedule in a future column, so check back.

* House Bill 1034 (authored by Representative Debbie Riddle, R-Tomball) alters the Texas State Pledge of Allegiance. The new pledge now includes the words, “one state under God,” and is effective September 1, 2007. There is not currently a legal challenge to this, although the challenge to the moment of silence is still active in the Federal District Courts. State Representative Bill Zedler (R-Arlington), who co-authored HB 1034 said, “This new legislation is a great victory for religious freedom in Texas.”

* Senate Bill 1031 ended TAKS test as graduation requirement. According to Representative Mike O’Day’s policy brief, “A random survey by one teacher’s organization found that more than three out of four teachers believe the TAKS does not accurately measure a student’s academic level and is turning students into test takers rather than critical thinkers.” In response to this overwhelming concern by teachers, the 80th legislature voted to replace the TAKS test as a graduation requirement with end of course exams instead. Supporters explained that these exams are a better measure of progress because they are more in line with the material students actually learned in the classroom, and thus are a more accurate indicator of graduation and continuing education readiness.

* House Bill 2237 established

House Bill 2237 creates the High School Completion and Success Initiative Board to develop a strategic plan that coordinates public and private high school improvement initiatives. For college students, the Texas Tomorrow Fund has been re-established this session. This is a pre-paid tuition program for Texas families to save for college education. Under this plan, families will be able to lock in current rates for tuition and required fees for their children’s future higher education needs. This program will give parents more certainty about the cost of their child’s education. Also appropriated in this session’s budget is an additional $146 million in college financial aid, to assist our children’s ability to gain access to the top tier colleges in Texas.

Tomorrow, more information about House Bill 1 and the movement for a traditional school year, with details about how this affects the average Texan.

Hurricane Preparedness…in case of Dean

Saturday, August 18th, 2007

According the Environment News Service newswire, “Texas Governor Rick Perry Friday declared Hurricane Dean an imminent threat to Texas, initiating full-scale state hurricane preparedness efforts.”

Coastal Houston and south are on alert because various projections have Dean hitting the Texas coast sometime mid-next week.

UKMET…GFS…AND CONSENSUS MODELS CALL FOR A MOTION TOWARD THE NORTHERN YUCATAN PENINSULA AND NORTHEASTERN MEXICO. THE GFDL CALLS FOR A MOTION THROUGH THE YUCATAN CHANNEL TO THE TEXAS COAST…WHILE THE ECMWF AND NOGAPS CALL FOR A MORE WESTERLY MOTION THROUGH THE CENTRAL YUCATAN AND THE BAY OF CAMPECHE INTO MAINLAND MEXICO. THE TRACK FORECAST IS NUDGED A LITTLE SOUTH OF THE PREVIOUS FORECAST IN BEST AGREEMENT WITH THE CONSENSUS MODELS.

Although it is possible that Dean won’t be an issue for the Houston area, it’s still best to prepare in case it does aim for us.

How do you prepare? Following are some tips I collected:

1. Know whether you are in an evacuation zone. The rule of thumb is: run from water, hide from wind. If you are not in an evacuation zone, take shelter in an interior portion of your home. NOAA updated the evacuation zones in May 2007. The new PDF map displays evacuation zones broken down by zip code. It’s very easy to understand. If you are in an evacuation zone, make sure you know your evacuation route and site.

2. The National Hurricane Center has general preparedness guidelines, including an easy-to-use checklist:

  • DEVELOP A FAMILY PLAN - Your family’s plan should be based on your vulnerability to the Hurricane Hazards. You should keep a written plan and share your plan with other friends or family.
  • CREATE A DISASTER SUPPLY KIT - There are certain items you need to have regardless of where you ride out a hurricane. The disaster supply kit is a useful tool when you evacuate as well as making you as safe as possible in your home.
  • SECURE YOUR HOME - There are things that you can do to make your home more secure and able to withstand stronger storms.
  • ONLINE VULNERABILITY INFO - There are web sites that can give you information about your communities vulnerability to specific hazards. These include hurricanes as well as other weather related hazards.

3. Pay attention to local news bulletins that will keep you apprised of risk and action you need to take. Most area towns have Web sites where they post community specific information. The State of Texas has online materials with information about hurricanes and state planning and preparation.

4. Take flooding seriously. Flash floods and flooded streets are dangerous. Heed warnings, and remember, “Turn around! Don’t drown!” Of the 22 metro-Houston residents killed in 2001’s Allison, most lost their lives while trying to drive or walk through flooded roads.

5. Check on friends and neighbors, especially the elderly and infirm, to ensure they have the help they need.

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What to do in Houston the weekend of 8-17-07!

Friday, August 17th, 2007

MUSIC

Summer Storm with Norman Brown, Peabo Bryson, Marion Meadows & More
Verizon Theater
www.verizonwirelesstheater.com
8/17/2007 only! 8:00 p.m.
Verizon Wireless Theater, 520 Texas in Bayou Place
713.230.1600

Women in Jazz: A Salute to Sarah Vaughan (featuring song stylists Kamil and Mickie Moseley and saxophonist Theressa Grayson)
www.milleroutdoortheatre.com
8/17/2007 only! 7:30 p.m.
Miller Theater, In Hermann Park, 100 Concert Drive
281.FREE.FUN

MUSEUM EVENTS

Mixers, Elixirs and IMAX Summer Social Series
www.hmns.org
Every Friday night until August 24, 7:00-10:00 p.m.
Museum of Natural Science, 1 Hermann Circle Drive
713.639.IMAX

Andy Warhol: Three Houston Women (Jermayne MacAgy, Dominique de Menil, and Caroline Wiess Law)
www.menil.org
Through 8/26/2007
Menil Collection, 1515 Sul Ross
713.525.9400

Frogs: A Chorus of Colors (through 9/3/2007)
and
Of Gold and Grass: Nomads of Kazakhstan (through 9/9/2007)
www.hmns.org
Museum of Natural Science, 1 Hermann Circle Drive
713.639.IMAX

Current exhibits at the Museum of Fine Arts
www.mfah.org

CONVENTIONS

Annual Houston Home Show - Fall 2007
www.texashomeandgarden.com
8/17/2007 through 8/19/2007
Convention Center, 1001 Avenida de las Americas
713.529.1616

PERFORMING ARTS

Tuna Does Vegas starring Jaston Williams and Joe Sears
www.thegrand.com
TUE to FRI at 8:00 p.m., SAT at 2:00 and 8:00 p.m., and SUN at 2:00 and 7:00 p.m. through 8/26/2007
2020 Postoffice Street, in Galveston
800.821.1894

It’s How You Play the Game: Professional Sports in Houston
www.heritagesociety.org
Through 9/23/2007
Heritage Society, Downtown, 1100 Bagby @ Allen Parkway
713.655.1912

Late Nite Catechism
www.stagestheatre.com
Through 9/30/2007
Stages Theatre, 3201 Allen Parkway
713.527.0123

FOR MORE EVENTS, CHECK OUT

Unique Urban Outings—a list of fun and exciting events for singles, couples and families by Joshua Hinsdale, Houston Editor

Best Live Music Venues

Zvents

Have fun this weekend, Houston!

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What happened to Hurricane Season 2007? Don’t fold up your shutters yet…

Wednesday, August 15th, 2007

On Tuesday, August 14, 2007 the National Weather Service upgraded Dean to a Tropical Storm. As of Tuesday evening, the storm was moving in a northwesterly direction towards Puerto Rico.

So what does this mean for Houston?

With so many variable conditions contributing to storm path, it’s nearly impossible to predict. However, sea surface temperatures, pressure and wind patterns and so forth are all favorable for supporting storms, and even allowing them to escalate to hurricanes.

In fact, just last week National Oceanic and Atmospheric Administration (NOAA) Climate Prediction Center issued an updated 2007 Atlantic Hurricane Season Outlook. They are not only holding to their predictions to expect above-normal severe storm to hurricane activity, but they’ve predicted an even more dire season than they originally did in May

The outlook calls for an even higher probability of an above-normal season than was predicted in May (75%), and reiterates the expectation for a sharp increase in activity from the near-normal season observed last year. The 2007 season is expected to become the tenth above-normal season since the current active hurricane era began twelve years ago (in 1995). See NOAA’s definitions of above-, near-, and below-normal seasons.

The 2007 outlook calls for a likely range of 13-16 named storms, 7-9 hurricanes, and 3-5 major hurricanes. The likely range of the ACE index is 140%-200% of the median. These ranges are slightly tighter than those predicted in May (13-17 named storms, 7-10 hurricanes, 3-5 major hurricanes, and an ACE range of 125%-210%). The tighter ranges reflect not only an increased confidence for an above normal season, but also a reduced likelihood of seeing as many as 10 hurricanes and 17 named storms.

 

Currently, there is a system in the Gulf that is the first bit of concern for Houston in this year’s hurricane season

SATELLITE IMAGES AND SURFACE DATA INDICATE THAT THE AREA OF LOW PRESSURE IN THE SOUTH CENTRAL GULF OF MEXICO IS GRADUALLY BECOMING BETTER ORGANIZED AND A TROPICAL DEPRESSION COULD BE FORMING. A RECONNAISSANCE AIRCRAFT IS SCHEDULED TO CHECK THE AREA THIS
AFTERNOON. THIS SYSTEM IS EXPECTED TO MOVE TOWARD THE WEST-NORTHWEST OR NORTHWEST AT 10 TO 15 MPH.

In other words, if you live in Houston (or anywhere along the Southern Texas and Northeastern Mexico Coastal areas) pay close attention to the weather in the coming days. In case this system does continue to organize, conditions are ripe for it to turn into a hurricane just beneath the strength of Rita. Be prepared to close up shop and evacuate if you live in an evacuation zone. (For information about hurricane preparedness, read this.)

Note: And to those of you who don’t live in evacuation zones? A kind request from those of us who do: please remember the evacuation rules (only those in designated zones—which were updated in May 2007 so check this PDF link to a zip code map—should evacuate, and in their zone order) and the hurricane rule of thumb—run from water, hide from wind. Let’s not make this as horrific as Rita.

At a minimum, expect rain Wednesday and Thursday.

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Subprime lending, the financial market, and the housing market: the Houston effect

Tuesday, August 14th, 2007

The financial markets were in turmoil last week, and the experts blame the credit-ratings firms and subprime lending practices of mortgage lending companies.

Robert Siegel of NPR interviewed Bethany McLean, Editor-at-Large for Fortune magazine, on Monday. Local NPR-affiliate KUHF carried the story about credit-ratings firms and how their “ratings for hire” and amortization of high-risk ventures across stable lending have created a mortgage-backed security monster.

McLean detailed the dangers of investing in subprime debt—which is lending money to people with poor credit ratings and history—and explained how credit-rating firms are involved in the subprime-lending crisis to Siegel. She also detailed this in an article for Fortune magazine in April.

Because ratings firms graded—through complicated recombinations of debt—subprime debt as investment-worthy, people who simply took these trusted agencies at their words invested heavily.

Unfortunately, now, trust in ratings has decreased. This has created some market instability and puts many who invested at risk for major losses if the housing market continues to slide.

McLean explains

All this has real-world implications. If the rating agencies do downgrade some of this paper, investors who can’t own non-investment-grade debt would be forced to sell in droves. The losses could affect the bottom line of an untold number of companies, including insurers and possibly even mutual funds.

And if CDOs stop purchasing mortgage paper, then a major source of liquidity will evaporate. That tightening of credit could affect the demand for homes, thereby turning the virtuous circle of recent years into a vicious one of falling home prices. That, say Rosner and Mason, creates the “potential for prolonged economic difficulties that also interfere with home ownership in the U.S.” And who will take credit for that?

In July, new home sales fell 6.6 percent for a grand total of a 22 percent drop from last year (25% in Houston). In Houston, although pricey homes are still selling briskly, homes in the $80,000 to $130,000 price are most affected.

This drop is directly related to tighter mortgage lending standards, with a dramatic decrease in subprime lending, and a large number of defaults on subprime mortgages.

Subprime lending hit a record high of $1.3 trillion, taking advantage of the good interest rates and people’s desire to buy into the housing market for the first time. Now that this bubble has popped, it’s starter and first time home buyers most affected.

Lawmakers are on their usual August hiatus, but when they return, Democrats say they plan to push for stricter control on the practice of subprime lending to protect consumers, investors and the market from recent volatility

House Democrats say stricter lending requirements will not only help consumers but also could provide some future protections for investors in the market for mortgage securities. The market has experienced upheaval as a result of a surge in defaults among borrowers with weak, or subprime, credit.

“We’ve been told by some that if we do this, we’ll ruin the market,” said Rep. Barney Frank, D-Mass., the chairman of the House Financial Services Committee, who plans to introduce a predatory lending bill in September or October. “I think that, if we do this right, we could help the market.”

With slumping sales of starter and existing homes locally, last week’s market volatility, and distrust of ratings due to credit-rating agencies practice of selling good ratings to high bidders, perhaps Democrats are right. Currently the economy is strong, and one piece of evidence of this is the brisk sales of upscale homes. Perhaps the Democrats are wrong to meddle in the market. Is the lending and investment practice “broken” and does it need fixing, as the Democrats say? Or not?

What do you think?

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Around Houston: Pasadena Hosts Annual Neighborhood Network Awards Picnic

Monday, August 13th, 2007

Each year the city of Pasadena—Southeast Houston area—hosts an awards picnic to celebrate community building and spirit. With hundreds of attendees enjoying the many activities, the Pasadena fairgrounds were packed with happy people on August 11, 2007 from 10 a.m. to 6 p.m.

In the air-conditioned Campbell Hall, attendees enjoyed life-sized chess, hot dog and watermelon eating contests, an appearance by SpiderMan, dance contest, and excellent buffet lines with choices among barbecue, catfish, and kids’ favorites. Kids and adults alike also enjoyed making wax hands and getting their faces painted. Clowns made fun-shaped balloons, as well. The Rodeo arena featured a four way super trampoline, multiple bouncy houses, a super slide and an Orbitron.

The free event for Pasadena residents also awarded Pasadena neighbors and neighborhoods for outstanding community service. The City of Pasadena’s Neighborhood Network Division (a part of the Pasadena Police Department) assists citizens in forming neighborhood or homeowners organizations as well as in helping current organizations to continue to improve the quality of life within their neighborhoods. The program also offers residents of Pasadena grant money for community improvements.

The program explains why it exists to support residentsEvent Organizer Karen Hollon.

The goal of the Neighborhood Network Division is to empower the citizens of Pasadena through funding initiatives, education, recreation and social events to work with their neighbors to improve the quality of life in their neighborhoods. A well organized neighborhood or homeowners association can work with the residents within their neighborhood to address such issues as crime, social activities, recreation, land use issues, deed restriction compliance, code enforcement, landscaping and beautification, emergency preparedness and civic leadership, just to name a few.”

To learn more about the Neighborhood Network Division or how to create a neighborhood organization, contact Karen Hollon, Program Manager (pictured above) by telephone 713-477-2695 or email khollon@ci.pasadena.tx.us.

Community building is an important part of the Houston-area spirit. Bringing together residents and supporting resident efforts to improve quality of life is a crucial civic duty.

What activities, events, or programs does your community offer?

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What to do in Houston the weekend of 8-11-07!

Friday, August 10th, 2007

Museum of Fine ArtsAs you expect here in Houston—where there’s always something fun for every interest and age group—there’s a lot of exciting events this weekend!

Now…for the great things to do. This is by no means everything, but it’s a few things that begin this weekend, are ending this weekend or soon, or are hot right now. If you know of any good events, please leave a comment with the information.

Check back later for a guide to the best burger joints around Houston!

Visual Arts Events

Buffalo Soldiers—Starts 8/11 at Buffalo Soldiers National Museum
1834 Southmore Blvd
Houston, TX 77004-5947
Phone: (713) 942-8920
Hours: Mon-Fri 10am-5:30pm, Sat 10am-4pm
Take a trip back in time and learn about the brave Buffalo Soldiers—an African-American troop formed in 1866 by the U.S. Army—through artifacts, videos, prints and other pieces of history.

Current Exhibits at Museum of Fine Arts Houston
1001 Bissonnet
Houston, TX 77005
Phone: (713) 639-7300
Hours: Tue-Wed 10am-5pm, Thu 10am-9pm, Fri-Sat 10am-7pm, Sun 12:15pm-7pm

Catch these soon because they end soon!

The Great Wall of China: Photographs by Chen Changfen
Through August 12, 2007
At the Audrey Jones Beck Building

Building Foundations: Ima Hogg and Bayou Bend in the 1920s
Through August 12, 2007
At the Caroline Wiess Law Building

Brett Weston: Natural Abstractions
Through September 3, 2007
At the Audrey Jones Beck Building

Performing Arts Events

Stargazer’s Guide—Starts 8/11 at Burke Baker Planetarium
One Hermann Circle Dr.
Houston, TX 77030
Phone: (713) 639-4629
Hours: Mon-Fri 12pm-3pm, Sat-Sun 12pm-5pm
The NASA-funded planetarium offers state of the art technology to provide you with an experience almost as real as being in space yourself! Watch real time images from the Hubble Space Telescope and see additional special effects of planets and more.

Romeo & Juliet—Starts 8/11, Ends 8/11 at Miller Theatre, 8:30 p.m.
Miller Theater, In Hermann Park, 100 Concert Drive
Phone: (281) FREEFUN
Web site: www.milleroutdoortheatre.com

Musical Events

Faye Robinson and The Mid City Players—starts 8/11-8/17 at Sammy’s at 2016 Main, includes Funk, Soul & R&B
2016 Main St
Houston, TX 77002
Phone: (713) 751-3101
Cross Street: Gray Street
Specialties: Dance Club, Live Music Venue
Hours: Wed-Sat 8pm-2am

Food and Fun Events

The Main Event—8/11-2/8 at Downtown Main Street, includes Community, Food & Wine
Come enjoy this car-free area of downtown. Sample food, wine, enjoy art and crafts sold by artisans, and listen to the strolling musicians.

Coming events!

Diva Row—Starts 8/13-2/11 at The Magnolia Hotel, includes Jazz and Blues music

Grady Gaines—Starts 8/15-2/6 at Sammy’s at 2016 Main, includes Funk, Soul & R&B

The Amazing Astronomers of Ancient Rome—Starts 8/16 at Burke Baker Planetarium

Rock the Dock—Starts 8/16-8/30 at Kemah Boardwalk, includes Funk, Soul & R&B

Fried Ice Cream—Starts 8/24 at Sammy’s at 2016 Main, includes Funk, Soul & R&B

Starry Night Express—Starts 9/1-9/2 at Burke Baker Planetarium

Texas Renaissance Festival—Starts 10/6

For more events: City of Houston

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Hi, I’m Julie Pippert, your new Houston 451 Press city blogger

Wednesday, August 8th, 2007

Hello! I wanted to say hello and introduce myself. You can read my bio for details about me, but here I wanted to talk to you about this blog…I want it to be what you want. So, please feel free any time to comment or email me about specific topics or particular information you hope to see me cover here and I’ll make sure to get to it the best I can! Let me know about any events or goings-on you’re involved in, too.

Keep checking back…I have hot local info sitting in drafts, ready to go.

Thanks for reading!

Julie Pippert

About Houston, TX

Emerging from Houston's old oil town persona is a new "opportunity city" that prides itself on diversity, friendliness, and business and cultural offerings. Houston has all the perks of a big city - museums and galleries, major sports teams, corporate headquarters, and dishy local politics - mixed with a little bit of Southern charm. Where else will you find an artist that specializes in giant presidential busts, more restaurants per capita than any other city in the world, or a lovable muckraking TV reporter that loves to talk about slime in the ice machine? There's always something to see and do in Houston, and you'll read about all of it and more here.

Houston, TX Author(s)