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Catastrophic Drought in Texas Causes Global Economic Ripples

Nov 2, 2011

New York Times-Some of the farthest-reaching effects may be on world cotton markets. Texas produces about 50 percent of U.S. cotton, and the United States in turn grows between 18 and 25 percent of the world’s cotton, according to Darren Hudson, director of the Cotton Economics Research Institute at Texas Tech University. This year, however, yields even from irrigated crops have fallen about 60 percent on the high plains where the bulk of Texas’s cotton crop grows, Mr. Hudson said. Farmers have given up on their “dry-land,” or unirrigated, cotton crops.

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Mary Schapiro lands in hot seat again

Nov 2, 2011

Investment News-“This is a tough situation for Chairman Schapiro because the SEC is cast with overseeing Finra, which this case shows has been altering documents, and recently the SEC itself came under fire for destroying documents,” said Denise Voigt Crawford, a Texas Tech University Law School professor, retired Texas securities commissioner and former president of the North American Securities Administrators Association Inc.

tags: Texas Tech in the News

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