Austin, TX

Emma Stone is Austin’s newest celebrity resident

Published

3 years ago

April 16, 2022

Emma Stone is Austin’s newest celebrity resident

As soon as the “livable” wage that hundreds throughout the nation fought to make the nationwide minimal wage, dwelling on $15/hour is now a near-insurmountable job in lots of city metros, together with the booming tech hub of Austin, the place the median dwelling worth pushed previous $600,000 in March.

Charles Mitchell, who owns Capital Budgeting Methods, is aware of the perils of current faculty graduates all too nicely. He is labored with purchasers with as little as $67 to their identify and says dwelling by yourself is doable—in the event you’re keen to sacrifice some luxuries or time.

Here is the important thing to budgeting that $15/hour earnings in Austin, in response to Mitchell:

Discover your hidden housing gem

This depresses me a lot. I really like this metropolis, I grew up right here. It means every little thing to me. However I’m watching it lose its id increasingly more day-after-day.
I’m actually beginning to marvel how for much longer I can afford to stay right here. https://t.co/OSZELTrnPC
— Chris Welhausen (@chriswelhausen) April 14, 2022
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Other than paying off money owed early, avoiding high-interest loans like payday loans and sacrificing some luxuries in life, Mitchell instructed Austonia the important thing comes right down to discovering low cost housing.

Inexpensive housing might appear to be a component of outdated Austin legend, and it will be laborious to discover a place to remain inside Mitchell’s ideally suited vary—housing that prices inside 28% of your month-to-month finances. For a full-time worker making $15 an hour, that earnings quantities to $2,217 per thirty days.

That allots $620 per thirty days for lease. Pickings could also be slim—simply two complexes supply four-bedroom flats for that vary in Austin on ApartmentFinder.com—however with sufficient roommates, sure specials and the assistance of condominium locators, it is nonetheless very narrowly doable inside the metropolis.

The extra seemingly state of affairs, like Patterson’s, could also be discovering different budgeting areas to chop. Mitchell recommends skimping on luxuries, like funds for nicer automobiles, and slicing out on financial savings if wanted.

“I will roughly be capable of prioritize paying “X” quantity for lease every month,” Patterson stated. “Attempting to be conscious of not simply exuberantly spending or being impulsive with shopping for habits… simply figuring out that within the subsequent few months, I would like to start out having the ability to hand out an extra $1,000 bucks every month simply to stay.”

However $15 an hour might now not lower it even for Austin owners. Fae, an Amazon and Entire Meals worker who’s utilizing an alias since she goes towards the corporate media coverage, has owned a home in Pflugerville for 20 years, when it was value half of its present worth.

However like just about each different coworker she is aware of, Fae has picked up a number of supplemental jobs with the intention to eke out a dwelling in her metropolis.

Get a facet hustle

Welcome to Austin, Tx, the place wages are 97% of nat’l avg, lease is 103% of nat’l avg, and schooling stage is 20-25% above nationwide avg. An actual slice of heaven we’ve bought right here? pic.twitter.com/AqQUUtSFKL
— Tracey Fits (@SuitsTracey) April 28, 2021

Fae lately had a bittersweet celebration as her hourly wage elevated to $15.25—a 25-cent enhance after three years with the corporate. Wages like hers put Amazon staff’ median wage at simply over $31,000 in Austin—lower than half of the median pay at Google, Meta and Apple.

“Even full-time (workers), it does not matter, they can not depend on Amazon as a dwelling job,” Fae instructed Austonia. “Everyone I do know has a facet job.”

Earlier than he even goes out on his personal, Patterson is getting ready to work further for a second circulation of earnings that works along with his hours at his present job at Austin FC’s Q2 Stadium with out operating his power into the bottom.

A facet hustle could also be important to paying off loans early and starting to save lots of for retirement (Mitchell recommends a high-interest IRA), but it surely does not need to be too taxing: Mitchell stated something from choosing up meals supply shifts to having a storage sale might revitalize your finances.

Discover a sustainable employer

BREAKING: David beats Goliath! In a historic victory, Amazon staff in Staten Island win the primary U.S. Amazon union.@AmazonLabor and staff on the JFK8 warehouse overcame excessive union-busting to make historical past.
— Extra Excellent Union (@MorePerfectUS) April 1, 2022

Patterson did not take his present job for the cash—as an alternative, he is hoping his present gig on the stadium might result in his breakthrough within the sports activities business.

Taking a job with clear upward mobility is vital, Mitchell says, and bonuses like matching 401(ok) plans or different advantages are an enormous plus. In case your job gives neither and nonetheless pays too little, nonetheless, it may be time to contemplate switching to a extra sustainable job.

Mitchell stated many individuals aren’t taught the monetary literacy instruments wanted to afford a dwelling in Austin, and plenty of others are by no means made conscious of the employment choices which might be obtainable. Whereas Austin hasn’t had a lot reward for its affordability in current months, it does boast a swelling job market, with over 58,000 extra jobs created from February 2020 to February 2022.

In case your debt is low and you have got further time, investing in a marketable ability on-line or at a area people faculty is at all times advisable. And whereas it will not be as fascinating, some eating places and entry-level positions, together with McDonald’s, have raised beginning pay for some positions to over $15 per hour.

To remain or to depart?

Even with the following pointers in place, each Fae and Patterson agree that their present wage is hardly doable in Austin.

Patterson says he wonders if he made the correct resolution to remain within the capital metropolis in what’s wanting like its costliest period but.

“There’s most likely not every week that goes by the place I do not second guess if I am making the correct name,” Patterson stated. “However I am additionally fairly assured, simply figuring out me as an individual, that I will be capable of… grind it out and discover a approach to make issues work.”

Fae plans to remain too, whilst different Austinites she is aware of might get pushed out, as she collects office horror tales—and unlivable wages—at Amazon earlier than her home made skincare product line takes off.

“Everyone who’s initially from Austin cannot even afford to stay in Austin (anymore) and so they’re simply shifting out,” Fae stated. “My query is, how do they get away with this?”

“The way in which that lease and actual property simply proceed to develop into increasingly more costly… I do not assume it is in a sustainable spot,” Patterson stated. “Even at present, it is type of on the perimeter with individuals who nonetheless make ends meet.”

As Patterson strikes out on his personal in the costliest period in Austin’s current historical past, he stated he continues to marvel if he made the correct resolution to remain.

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Austin, TX

Resolution Economics Expands its Financial Advisory Services Practice with Addition of Austin, Texas office

Published

6 hours ago

January 28, 2025

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Resolution Economics Expands its Financial Advisory Services Practice with Addition of Austin, Texas office

LOS ANGELES, Jan. 28, 2025 /PRNewswire/ — Resolution Economics, LLC (“Resolution Economics” or “ResEcon”) announced today that it has expanded its services and geographic footprint through the opening of its new Austin, Texas office. Jeff Andrien, M.B.A., Partner, will lead the new office, which will be part of the Financial Advisory Services (“FAS”) practice group.

Resolution Economics (PRNewsfoto/Resolution Economics, LLC)

Now in its 27^th year, Resolution Economics is a leading specialty consulting firm providing economic and statistical analysis and regulatory compliance advice to companies, law firms, non-profits, universities, and others. The firm has expertise in labor and employment matters, finance/forensic accounting analysis, valuations, artificial intelligence bias audits, and life sciences. ResEcon’s Financial Advisory Services team provides analysis in a wide range of consulting situations to help companies understand their internal compliance circumstances and provides expert assistance and testimony in a variety of commercial dispute settings.

Mr. Andrien holds an M.B.A. from the University of Texas. Joining Mr. Andrien as a Director in Austin is Prateek Shah, M.P.A, CPA. Mr. Andrien, Mr. Shah and their Austin-based team bring more than 25 years’ experience analyzing damages issues pertaining to antitrust, intellectual property, marketing, securities, other commercial damages, as well as valuations for businesses and law firms. They have authored numerous expert reports and testified as expert witnesses in state and federal courts throughout the United States. Mr. Andrien and Mr. Shah teach undergraduate and graduate level courses in finance at the McCombs School of Business at the University of Texas.

“While our work is nationwide, we are thrilled to have an on-the-ground presence in the thriving business market of Texas,” said Ali Saad, Managing Partner at ResEcon.

“Resolution Economics has long been known for its consistent high quality, thoughtful and innovative work,” said Mr. Andrien. “We are delighted to join such a well-respected group and expand the firm’s reach.”

J. Duross O’Bryan, head of ResEcon’s FAS practice group said: “We know there are many opportunities for Jeff and his team to provide their significant experience in the valuation and damages area. This is a good fit for both of us and we are very excited to have them join our team.”

The Austin office is located at 15918 W Courtyard Drive, Suite 250A, Austin, TX 78730

Resolution Economics is a portfolio company of Levine Leichtman Capital Partners (LLCP).

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Austin, TX

2 confirmed cases of measles reported in Texas

Published

17 hours ago

January 28, 2025

Press Room

2 confirmed cases of measles reported in Texas

Measles in Texas

The Texas Department of State Health Services has confirmed the first cases of measles in the state since 2023.

AUSTIN, Texas – The Texas Department of State Health Services has confirmed the first cases of measles in the state since 2023. Health officials say those two reported cases are in Houston.

There have not been any confirmed cases in Central Texas, but Austin Public Health is asking residents to be proactive.

What is measles?

The backstory:

Measles is a highly contagious and, in some cases, deadly disease. Symptoms develop 7–14 days after infection, according to health officials.

“You could experience a very high fever, cough or runny nose, things like that, watery red eyes. A few days later, you’ll start to get a rash, and so that rash will start to look like white spots on the inside of your cheeks and then a rash that usually starts on your face and spreads down your body,” says Chief State Epidemiologist Varun Shetty.

Chief state epidemiologist Varun Shetty says measles is an airborne disease.

“Measles spreads through coughs and sneezes. It can stay in a room for up to two hours. Someone could get measles just simply by being in the room where someone who is sick had it. If you are not protected with the vaccine,” says Shetty.

Why you should care:

This month, the Houston Health Department identified two cases of measles associated with international travel.

Health officials said to prevent the spread of the disease, getting vaccinated is recommended.

“Typically, the vaccine that you receive from your doctor is called the MMR vaccine. It stands for measles, mumps, and rubella. It’s a two-dose vaccine. Two doses of this vaccine are highly effective at protecting against measles. In fact, it prevents 97% of cases of measles,” says Shetty.

Shetty says if you are not vaccinated, and you are exposed to the disease, take the proper precautions to protect yourself and the public.

“The most important thing is to isolate yourself, stay away from other people so you can reduce the risk of spreading it to others. Then we would recommend you to call your doctor on the phone ahead of time and let them know that you’re concerned about that so that you can arrange a safe way to get evaluated and get tested and then follow those doctor’s instructions,” says Shetty.

Health officials say those most at risk are pregnant women, children and those with weak immune systems.

The Source: Information from interviews conducted by FOX 7 Austin’s Tan Radford

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Austin, TX

How many immigrants have been arrested? See which Texas cities had ICE raids this weekend

Published

1 day ago

January 27, 2025

Press Room

How many immigrants have been arrested? See which Texas cities had ICE raids this weekend

Within a week of Donald Trump’s second term as president, several raids were conducted by ICE agents throughout Texas as well as the rest of the U.S. Upon entering office last Monday, Trump delivered on a campaign promise and issued an executive order to “protect the American people against invasion.” His administration has said the aggressive deportation efforts would prioritize “violent offenders.”

The Drug Enforcement Agency, the FBI and the Bureau of Alcohol, Tobacco, Firearms and Explosives assisted with the Texas operations.

An ICE spokesperson confirmed the raids in North Texas in an emailed statement to Texas Public Radio:

“U.S. Immigration and Customs Enforcement along with our federal law enforcement partners began conducting enhanced targeted operations today in North Texas and the state of Oklahoma to enforce U.S. immigration law and preserve public safety and national security by keeping potentially dangerous criminal aliens out of our communities.“

How many undocumented immigrants have been arrested?

Beginning Thursday, Jan. 23, ICE has reported single-day U.S. statistics for the number of individuals arrested and charged with a crime as well as those detained.

Jan. 23: 538 arrests, 373 detainers lodged
Jan. 24: 593 arrests, 449 detainers lodged
Jan. 25: 286 arrests, 421 detainers lodged
Jan. 26: 956 arrests, 554 detainers lodged

Similar operations occurred in Arizona, California, Colorado, Florida, Georgia, Illinois, Massachusetts, Michigan, Minnesota, Nebraska, New Jersey and New York, according to various news reports.

It is unclear how many of these arrests and detainments occurred in Texas. However, several cities across the Lone Star State saw these “enhanced targeted operations” on Sunday.

Where did the ICE raids happen in Texas?

Officials have yet to confirm how many undocumented immigrants were apprehended in Texas Sunday. However, local news outlets suggest the following areas have been subjected to the raids: