Bob Sechler - HoustonNewMedia.org

State lawmakers to take new swing at reining in abuses of affordable housing tax breaks

Bob Sechler — Mon, 10 Mar 2025 19:45:39 +0000

The Legislature closed some loopholes during its 2023 session that critics of so-called public facility corporations, or PFCs, contend were allowing the entities to be used for money grabs by developers while fostering little or no additional affordabl...

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Social media company X cites Texas address as its official headquarters

Bob Sechler — Fri, 20 Sep 2024 12:20:01 +0000

Elon Musk is trading high-rise offices in San Francisco for a modest Texas building with views of an empty field. This article looks at the new headquarters of social media giant X and explains why this plot of dirt makes sense for the world's richest ...

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Tesla lays off nearly 2,700 employees at Austin-area gigafactory

Bob Sechler — Wed, 24 Apr 2024 12:13:57 +0000

The local layoff figures are in keeping with CEO Elon Musk's announcement last week that the company would lay off "more than" 10% of its global workforce of over 140,000. This is one of the largest — if not the largest — mass layoff that this city has...

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