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Texas has the dubious distinction of leading the nation in polluted waterways. A new report draws upon self disclosed data by industrial facilities provided to the EPA. The study counted 17 ...
Some criticize industrial policy based on the concept of government failure.Industrial policy is seen as harmful as governments lack the required information, capabilities, and incentives to successfully determine whether the benefits of promoting certain sectors above others exceeds the costs and in turn implement the policies. [29]
Texas Democrats will have none of that — they seek to repeal right-to-work laws, which the platform tells you are doubly evil by tagging them “so-called” and putting scary quotes around the ...
Nationwide data from the U.S. Energy Information Administration [7] shows that Texas's electric prices did rise above the national average immediately after deregulation from 2003 to 2009, but from 2010 to 2015, prices dropped significantly below the national average price, with a total cost of $0.0863 per kWh in Texas in 2015 vs. $0.1042 ...
Examples of government failure include regulatory capture and regulatory arbitrage. Government failure may arise because of unanticipated consequences of a government intervention, or because an inefficient outcome is more politically feasible than a Pareto improvement to it. Government failure can be on both the demand side and the supply side.
Many regions in Texas rely on groundwater for drinking water, irrigation, and industrial uses. Aquifers are being overdrawn faster than they can be replenished, leading to long-term depletion. 6.
Texas counties by GDP in 2021 (chained 2012 US$) The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.694 trillion as of 2023. [7] In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total. [8]
In addition to equipment problems, demand for electricity in Texas hit a record 69,692 megawatts (MW) on February 14 — 3,200 MW higher than the previous record set in January 2018 and 12,329 MW higher than its current capacity. [64] [65] The Electric Reliability Council of Texas (ERCOT) initiated rotating outages at 1:25am on February 15. [66]