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Greg Junek: Sunday Briefing

Posted on Sunday, January 06, 2008
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Perryman To Give Economic Outlook At Chamber Lunch
Greg Junek
Dr. Ray Perryman, economist and president and chief executive officer of The Perryman Group, a financial analysis firm, will present his 24th Annual Economic Outlook Conference Jan. 25 at the Holiday Inn Select in Tyler.

Perryman will make his address at the Tyler Area Chamber of Commerce quarterly membership luncheon, 11:45 a.m.-1 p.m. in Ballrooms I, II and III.

In the November-December edition of his newsletter, "The Perryman Report & Texas Letter," Perryman said both the state and national economy were advancing, but at a slower pace. Nationally, interest rate cuts have helped avoid a slowdown, and job growth and consumer spending have remained steady.

He also noted that economic strength has benefited from increases in inventory, capital investment and durable goods orders.

"The Texas economy, like that of the (United States) as a whole, is moving forward, though the pace of expansion has slowed recently," Perryman wrote in the article. "Even so, the economy of the Lone Star State appears strong enough to weather current problems and uncertainties."

Cost is $20, payable at the door, but the chamber is urging attendees to register by noon Jan. 23. To register, call 903-593-2004, extension 236, or spetree@tylertexas.com.

The event will be presented by the chamber and the Tyler Economic Development Council.

Sponsors are: Allied Waste Services, Bank of Tyler, Citizens 1st Bank, Heritage Land Bank, Tyler Junior College, Austin Bank, Capital One Bank, Firstbank, Southside Bank, Bank of America, Chase Bank N.A., Franklin Bank and Texas Bank & Trust.


Forestry Award
The late Glenn Allen Chancellor was inducted to the Texas Forestry Hall of Fame for 2007.

Each year the Texas Forestry Museum seeks nominations for an award recipient, and a committee reviews the nominations and selects the recipient, either living or deceased.

Chancellor died in 2001. Nancy Chancellor Case attended her former husband's induction, during the TREEmendous Celebration, an annual banquet and fundraiser for the museum.

A Nacogdoches County native and Stephen F. Austin State University graduate, Chancellor's work included that of district manager for Southwestern Settlement and Development, general manager of Temple-Eastex Forests and vice president of forests for Temple-Inland.

Chancellor received the Distinguished Service Award by the Texas Society of American Foresters in 1984, and he was elected a Fellow of the SAF in 1987. He was named SFA Distinguished Alumnus in 1983.

The Glenn and Nancy Chancellor Forestry Scholarship was established at the university in 1992.


Ag Benchmark
Remember the Texas drought of 2006?

Last year, the state was about as wet as it was dry the previous year, and it drove agriculture production estimates to a new state record, Agriculture Commissioner Todd Staples said.

Staples said the agriculture industry was expected to surpass $100 billion in economic impact for the state in 2007, which is much higher than the previous highest level of $85 billion in 2004 and over that of drought years 2005 and 2006.

"These new agriculture numbers are a great way to celebrate the Texas Department of Agriculture's 100-year anniversary," the ag commissioner said. "Favorable weather conditions, new technology and a second-to-none work ethic led to this record year. All Texans should be proud of the dedicated men and women who put food on our tables and clothes on our backs."

Some of the largest increases last year were from crops used to produce biofuels.

Grain sorghum production was up 440 percent, the department reported, and corn production rose 91 percent.

"Texas farmers are answering the call to end our dependence on foreign oil," Staples said. "These significant increases in sorghum and corn production should help reduce the upward pressure on food and livestock feed prices while also helping American companies produce more biofuels."


Accounting Work
Robert Half International, a California-based staffing service, reported demand remains strong for skilled finance and accounting professionals, especially those professionals who possess excellent communication and technology skills.

And their bank accounts will be better for it. The most in-demand positions, and their approximate annual starting salary range are: internal auditor, $81,500-$109,500; senior accountant, $49,250-$63,000; hedge fund accountant, $46,250-$64,500 (with three to seven years of experience); financial analyst, $38,250-$47,500; and public accountant, $44,750-53,250.

Business Editor Greg Junek may be reached at 903-596-6280, or by e-mail at business@tylerpaper.com.

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