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Proposed Texas Stock Exchange Raises Profile Of Texas MBA Programs

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Proposed Texas Stock Exchange Raises Profile Of Texas MBA Programs


The proposed Texas Stock Exchange in Dallas is a step to secure Texas’ position as an economic powerhouse. The business-friendly air of Texas, which is now home to more Fortune 500 companies than any other state, extends to the TXSE. MBA programs in the state may see new opportunities to attract top talent and keep people in Texas.

“The Texas Stock Exchange will be very beneficial for the State of Texas and to the University of Texas,” wrote Professor Clemens Sialm, the chair of the finance department and director of the AIM Investment Center at the McCombs School of Business at the University of Texas Austin, in email correspondence.

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Once approved by the U.S. Securities and Exchange Commission, the TXSE will be a fully electronic exchange with global reach. It has the backing of major liquidity providers, including BlackRock and Citadel Securities. “The liquidity providers backing TXSE Group Inc. represent a significant portion of the equity volume on U.S. lit exchanges and together comprise a majority of all U.S. listed retail volume,” according to TXSE.

“The new exchange will benefit Texas firms as they will now have the option to list locally, which will reduce their compliance costs relative to listing on the New York Stock Exchange or NASDAQ,” wrote Sialms. “The increase in competition across exchanges will also benefit investors.”

“The McCombs School will benefit as we can take on a leadership role in educating future finance leaders in Texas,” wrote Sialms. “The growing presence of finance in Texas provides our graduates outstanding job opportunities without having to leave Texas and will draw new students to our various programs.”

With roaring success in attracting new business and the prospect of a locally-based stock exchange, Texas stands both to attract and retain the talent necessary to maintain growth in the field of finance.

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A prime example of the role of Texas education in the rise of Texas finance is James Lee. “We are also proud that James Lee, the founder of the Texas Stock Exchange, obtained both a BBA and an MBA from the University of Texas and is still closely connected with us,” wrote Sialm.

Mennette Larkin, founder of Admissions Unlimited, based in Austin, Texas, agrees that the benefits will be mutual. “The TXSE will be a game-changer for the top MBA programs in Texas,” Larkin said in a telephone interview,. Texas will become even more of a finance hub not only for employers, but for the leading business schools in Austin, Houston and Dallas.”

Larkin said, “Until now, my top clients from Texas have looked for MBA programs outside of Texas – such as HBS, Wharton, Stanford, Chicago Booth, Kellogg, or MIT Sloan. I anticipate that talented, young professionals working in finance, consulting, and tech will take the Texas schools much more seriously once the Texas stock exchange becomes a reality.”

The new stock exchange boosts opportunities for ambitious people to train instate, stay instate and grow the state of Texas.



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Austin, TX

Texas Longhorns HC Steve Sarkisian and Wife Loreal Jointly File for Divorce

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Texas Longhorns HC Steve Sarkisian and Wife Loreal Jointly File for Divorce


Steve Sarkisian and his wife, Loreal, are filing for divorce after four years of marriage, with the couple announcing the news on Instagram Friday night.

The statement posted to social media highlighted the fact that they both endure busy personal schedules and that the separation will give them the opportunity to focus on their careers.

“After many heartfelt conversations, we have decided to amicably part ways and jointly file for divorce,” it read. “We aim to remain the best of friends and are incredibly grateful for the love and support we have shared throughout our journey together. Our commitments to our respective careers made it difficult to prioritize time for each other and this step will provide us with the necessary time and space professionally while continuing to support each other personally.”

Loreal Sarkisian

Texas Longhorns head coach Steve Sarkisian hugs and kisses his wife Loreal Sarkisian after the NCAA college football game, Saturday, Sept. 2, 2023, in Austin, Texas. / Ricardo B. Brazziell/Austin

The two became the Sarkisians back in 2020 when Steve was the offensive coordinator at Alabama, taking the head coaching job at Texas the year after. Loreal has since been one of Steve’s biggest supporters in Austin.

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Loreal currently works as a wardrobe stylist but had her shining moment as a track star at North Carolina A&T before becoming an assistant coach at USC in 2013, just a year before Steve showed up.

On the other hand, Steve has been preparing for the football team’s fourth training camp ahead of their SEC debut season. Recent polls and media have placed an extensive amount of pressure on the Longhorns to make an immediate successful first run, projecting Texas to finish second in the league under Georgia.

The Sarkisians hope to make the process as smooth as possible, especially with the start of the football season just a month away, both looking to enter a new era while still maintaining a personal friendship.

“While we appreciate all the love and encouragement we have received, we kindly ask for your understanding and privacy during this transition as we embark on this new chapter in our lives,” they said.



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Austin, TX

Arrest made in connection with fatal stabbing in Austin over stolen vehicle altercation

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Arrest made in connection with fatal stabbing in Austin over stolen vehicle altercation


AUSTIN, Texas — A fatal stabbing on Burton Drive has led to the arrest of a 34-year-old suspect, according to the Austin Police Department.

On July 24, 2024, at approximately 10:29 a.m., Austin Police Department officers responded to a Shoot/Stab Hotshot call at 2101 Burton Drive. The caller reported a stabbing incident. Officers and Austin-Travis County Emergency Medical Services arrived on the scene and found a subject with injuries consistent with a stab wound. Despite life-saving measures, the victim, later identified as Javier Antonio Navarro Quesada, a 23-year-old Hispanic male, was pronounced deceased at the scene.

Homicide detectives and crime scene specialists processed the scene and interviewed witnesses. The investigation revealed that the altercation stemmed from a stolen vehicle. Alex Trevino, a 34-year-old Hispanic male, was arrested and booked into the Travis County Jail on a murder charge.

This case marks Austin’s 36th homicide of 2024. Anyone with information is urged to contact the Austin Police Department at 512-974-TIPS. Tips can also be submitted anonymously through the Capital Area Crime Stoppers Program by visiting austincrimestoppers.org or calling 512-472-8477.

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Houston power politics, big changes in 2024 race: This Week in Texas Politics

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Houston power politics, big changes in 2024 race: This Week in Texas Politics


This week saw big changes in the 2024 presidential race with President Joe Biden dropping out and endorsing Vice President Kamala Harris, as well as the continued impact on the Houston area from Hurricane Beryl.

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FOX 7 Austin’s Chief Political Reporter Rudy Koski and our panel of analysts take a look at This Week in Texas Politics.

RUDY KOSKI:  This week in Texas politics, got presidential and also kind of got into the dirt, literally. Let’s get the headlines from our panel and we’ll start first with Brad Johnson with the Texan News. Brad, what’s your headline for the week? 

BRAD JOHNSON/ TEXAN NEWS: How many more game changing events are on the horizon? 

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RUDY KOSKI: Annie Spielman with MainStreet Relations. What’s your headline? 

ANNIE SPILEMAN/ MAINSTREET RELATIONS: Austin’s DECA announces historic $1 million small business loan fund. 

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RUDY KOSKI: Patrick Svitek with the Washington Post. What’s your headline? 

PATRICK SVITEK/ WASHINGTON POST: Democrats have a likely new presidential nominee.

RUDY KOSKI: Top officials with CenterPoint went before the PUC Thursday and issued an apology. More hearings are promised. So do you think that this crisis remains an issue when the session starts? 

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ANNIE SPILEMAN/ MAINSTREET RELATIONS: I want to note two things here. You know, I don’t just think that the power companies will be front and center at the chopping block. We’re going to see leaders bring in the property and casualty insurance companies, front and center as well. Secondarily, I want to mention in 2021, the business community worked with the Texas Legislature to create a program that would create a temporary emergency loan program for small business owners. But the problem is, is that program was never funded.

RUDY KOSKI: A statehouse hearing was held this week on how to prevent hostile nations from buying Texas land. Brad, this was supposed to be more of a reboot of legislation that failed to pass in the past session. Then all of a sudden, it kind of morphed into a much broader issue on cyberattacks. 

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BRAD JOHNSON/ TEXAN NEWS: These issues all meld into one. It starts with the land purchases. It’s not surprising at all that it’s going to take that route. The biggest thing for me, though, is it’s this question of, on the land front, competing interests between national security and private property rights, the ability to sell your property to whom you want for how much you want. How do you find that balance? I really don’t know. That’s going to be a tough task for lawmakers. 

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RUDY KOSKI: Vice President Harris brought her presidential campaign to Texas, speaking to a teacher union group there in Houston. But just before [her] going on and speaking, on Capitol Hill, House members passed a resolution condemning her work dealing with legal immigration. Regardless of how you know, you want to describe it, was she a border czar or not? And Patrick, even a few Democrats voted for that resolution, Henry Cuellar among them. 

PATRICK SVITEK/ WASHINGTON POST:  No, I wasn’t surprised to see some Democratic crossover support for that resolution. That issue is no doubt going to be one of Kamala Harris’s biggest political liabilities as she takes over the Democratic presidential ticket.

RUDY KOSKI: Earlier in the week, Texas Democrats, who are delegates to the party’s convention, that’s going to happen, later on in August, up in Chicago, jumped on the Harris bandwagon. And was it what does the business community want to hear when the DNC starts up? 

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ANNIE SPILEMAN/ MAINSTREET RELATIONS: You know, business owners want to hear if anything has or will change in regard to her talking points from 2020, when she ran for president and during her time in the Senate in regard to economic politics. Will she be Biden 2.0 or make her way economically? 

RUDY KOSKI: Brad, Texas Democrats think that maybe, just maybe, all this energy that Harris is generating could help them flip some statehouse seats and be a defense against school choice. What are you hearing? 

BRAD JOHNSON/ TEXAN NEWS: I heard Republicans say yesterday, they think it’s possible they lose three seats in the House. That’ll be a problem for Republicans on the school choice front. Probably not the death knell, but it would be a difficulty.  Also, that would significantly impact the Speaker’s race. 

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RUDY KOSKI: As for school choice, Lieutenant Governor Dan Patrick accused House Speaker Dade Phelan of not listing that topic as a top priority in a budget document leading up to the session. Feeling on Friday swung back, claiming there are hearings on education, have already begun. Annie, clearly, what we’re seeing, there’s not going to be a cooldown in August regarding this issue, right? 

ANNIE SPILEMAN/ MAINSTREET RELATIONS: This is all kind of new territory. And I think this goes to show that when we go into next session, you know, it’s going to be really hard for, for groups to be trying to move their legislation forward. 

RUDY KOSKI: Now, a congressional seat is up for grabs. One that was held by, Representative Sheila Jackson Lee, who recently passed away. Former Houston Mayor Sylvester Turner is among the names being tossed around right now as a possible successor. Patrick, what are you hearing up on Capitol Hill as who’s going to throw their hat in the ring on this one? 

PATRICK SVITEK/ WASHINGTON POST: What’s fascinating here is it’s going to be, you know, the way that this election is going to be handled is is rather unique. We’ve seen it happen before in Texas, but it doesn’t happen all the time. But what’s going to happen is that the Democratic Party Precinct Chairs in Harris County are going to meet, likely in mid August, and select a replacement nominee. The governor does have the power to call a special election. But why give  the Democrats won more seats that they currently now don’t have.

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RUDY KOSKI: You can catch our longer discussion on the Fox7 YouTube page, but let’s wrap things up right now with one word, and we’ll start with Annie. What’s your one word for the week?

ANNIE SPILEMAN/ MAINSTREET RELATIONS: Deluge? 

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PATRICK SVITEK/ WASHINGTON POST: Kamala.

BRAD JOHNSON/ TEXAN NEWS: Patrick stole mine. I was gonna say Kamala, too. I’ll go with Feuding. 

RUDY KOSKI: And that is This Week in Texas Politics. 

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