Saturday, September 27, 2014

ALERT: 60% Of All Home Purchases Are “Cash Only” – A 200% Jump In Five Years

Remember when housing was the primary aspirational asset for a still existent US middle class, to be purchased with some equity down by your average 30 year-old hoping to start a family in his or her brand new home, and, as the name implies, aspire to reach the American dream? Those days are long gone. Back in those days the interest rate on the 10 Year bond mattered as it determined the prevailing marginal affordability of leveraged real estate. That is no longer the case, at least not for about 90% of Americans, because as Goldman shows, while before the great crisis only 20% of home purchases were “all cash”, since then the number has soared threefold, and currently the estimated percentage of cash transactions (by count and amount) has hit a record 60%. In other words, less than half of all home purchases are debt-funded, and thus less than half of all home purchases are actually representative of what middle-class America is doing.

Goldman’s take:
  • The estimated cash transactions as percent of total home sales both by transaction count and by transaction dollar amount. Relative to the pre-crisis years, percent cash transactions has risen by about 30 percentage points. This change is broadly in line with the increases suggested by DataQuick data. The 30 percentage point increase in percent cash transactions explains almost the entire decline in the “mortgage per dollar transaction” series (with the remainder explained by small changes in average LTV ratios per mortgage). We do not have data to assess who these all-cash homebuyers are, but presumably investors who have been purchasing distressed properties and turning them into rental units have played an important role.

The WSJ has a few thoughts to add:
  • The surprisingly large cash-share of purchases helps to explain why home sales have jumped over the past two years despite more muted increases in broad measures of new mortgage activity, such as the MBA’s mortgage application index.
  • There’s no exact way to know who is responsible for all of these cash purchases, though they are likely to include some combination of investors, foreign buyers, and wealthy homeowners that don’t want to go through the hassle of getting a mortgage before closing on a sale. Mortgage lending standards have sharply tightened up since the housing bubble, with banks scrutinizing borrowers’ tax returns and bank statements to verify their incomes and the source of their down payment.
  • Our personal thoughts: just like the stock market has been levitating on zero volume and virtually no broad distribution, so the entire housing market appears to have morphed into a “flip that house” investment vehicle used by the usual suspects (wealthy foreign oligarchs abusing the NAR’s anti-money laundering exemption to park their stolen funds in the US, government sponsored firms such as BlackStone using near zero cost REO-to-Rent subsidies, and other 0.01%-ers) who piggyback on cash flows deriving from alternative cheap credit-funded investments and translate their profits into real-estate investments.
  • It also means that if nobody used leverage (i.e., mortgages) to buy houses before, they certainly won’t do it now, all the more so with interest rates soaring and purchase affordability imploding in front of everybody’s eyes.
  • Finally, due to the very thin marginal source of bidside interest (flipper flipping to flipper and so on), it means that most of America has not participated in this mirage “recovery”, and all it will take to send the buoyant housing market crashing is for the one marginal buyer to become a seller. What they will next find, is that when dealing with a bidside orderbook that has zero depth, one indeed takes the escalator down from where the lofty heights achieved courtesy of Fed-funded stairs.
Source::zerohedge.com

Friday, September 26, 2014

Tell Me Your Real Estate Story: Former Art Teacher Injects Cozy Style Into Lake Highlands Semi-Detached

Jane and Daniel Cheek
Jane and Daniel Cheek with sons Ike (1) and Abe (3). (Photo: Maryam Salassi)
I got to know Jane Cheek and her cute little boy, Abe, when she was teaching a toddler art class in East Dallas a little over a year ago. This talented stay-at-home-mom, a former art teacher, came up with the cutest ideas for crafts for our little buggers. When she and her husband, Daniel, bought a home up in Royal Highlands Village, I adored watching her transform their three-bedroom semi-detached into a gorgeous property. She managed to do it just months after having her second little boy, Ike, too.
Now with two boys and another bun in the oven, Jane and Daniel Cheek are moving back to their hometown of Raleigh, N.C. Our loss was some other homebuyer’s gain, as their adorable home was snapped up in a matter of days, all due to the brilliant marketing of Keller Williams Elite agent Vicki White.
Read on for their real estate story …
9503 Summerhill Front
Photos of 9503 Summerhill: Shoot2Sell
Great open floor plan.   Wonderful see thru fireplace between diGreat family room with windows overlooking deck, crown mouldingwindows overlooking backyard and sliding door leading to sunroom
Full name: Jane Cheek
Age: 31
Family: Husband, Daniel; son, Abe (3); son, Ike (1); dog, Sully (10)
Location: Royal Highlands/Lake Highlands
Price Range: $175,000 – $200,000
Agent: Vicki White
Tell us a little background on this home, and your reason for moving: We moved into our 1978 Lake Highlands duplex 1 year ago, after my husband’s career brought us to Dallas from North Carolina. When we purchased our home, we had no idea that his career would take us home to North Carolina a year later; so after living in our home about 10 months, we put it on the market and started packing up.
Why did you choose this particular home? This home had a perfect mix of location, affordability, and low maintenance. We loved the open floor plan and I was particularly smitten with the diagonal planking on the stair wall and on the front door.
galley kitchen has large island with electric cooktop.Breakfast area included in kitchen.Wet barSunroom great for artists studio or home schooling
Why did you choose your neighborhood? When we first moved to Dallas, we leased a home in the Lakewood neighborhood of East Dallas, and we fell in love with East Dallas’ homey feel, all the trees, the lake, and the whole laid-back feeling of the area. When we decided to buy a home, my husband had just been transferred from Garland to Carrollton and the Royal Highlands neighborhood has really great access to 635, which allowed us to stay in East Dallas and make my husband’s commute to Carrollton a little bit easier.
What shocked you about the sales process? I was completely surprised at how quick and painless the process was, how thorough our photographer was, and how extensive the marketing plan was with Vicki White and her team. Our house is scheduled to close two weeks after we listed it, so the turnaround time was shockingly quick.
Master bedroom has 2 walk in closetsMaster bath9503 Summerhill DeckNice sized backyard
What pleased you? We were very impressed with the courtesy of the Realtors that showed our home. It was always locked up, everything with always neat, and the lights were always off when we returned. We were extremely happy with Vicki and her sales team, and the wonderful job they did
What aspects of your move have been an adjustment for you? Did you buy with renovating in mind?Adjusting to keeping a house spotless with two young kids, a dog, and a messy husband running around was the biggest challenge. Other than that, the process was quite painless. We did have plans to renovate the kitchen of our home ourselves. We started those plans but did not have time to finish them so the appliances and counters are 1970s originals still.
If you had to do it all over again, what would you do differently? I honestly cannot think of anything that I would have done differently; this situation has worked out really, really well.

Wednesday, September 24, 2014

Responding to our community's questions on literary selection A message from Superintendent Dawson Orr & HPHS Principal Walter Kelly

Recently, we have seen a vigorous debate and considerable media coverage regarding literature selection at Highland Park High School. On behalf of all of us in Highland Park ISD, we thank you for caring so passionately about the education of your children. One of the hallmarks of our district is parental involvement, and your engagement and partnership are valuable to us.

We want to acknowledge the controversy that has been building around the literature selection process and to also acknowledge that it is a topic worthy of informed discussion and careful consideration. As you would expect, the opinions are wide-ranging, and the goal of reaching consensus will require effort and understanding.

Over the past few weeks, we've received many questions about literature selections, and we want to share the answers and facts with our entire school community and the public:

Q: How is literature selected for classroom use?

A: For about two decades, HPHS English Department faculty members have worked with parents to compile a list of books ranging from the ancient work of the Greek poet Homer to the work of contemporary authors, such as Malcolm Gladwell. Since 2005, the process has become more formal, with the establishment of parent-teacher literature review committees. When new books are proposed for use in the classroom, the committees read the literature and produce a written rationale that details the instructional merits of the work. The rationale report also lists any potentially controversial content.

Q: What titles are on the approved book list?

A: Here is a link to the list , which includes books that are:
Required reading (studied and discussed in the classroom)
Recommended outside reading (summer and supplemental reading lists from which students may select a title)
Supplementary materials (excerpts from larger works, short stories or poems, which are selected to extend students' understanding of the elements of the required reading).
The list, which contains more than 200 titles, is a resource for teachers to use when selecting literature for instruction. Not all the titles in the list are being currently used.

Q: Do Highland Park High School students still read classics and other long-recognized works of literature?

A: Absolutely. Our faculty is committed to teaching the classics, along with contemporary work. The goal is for students to study ongoing themes that span many centuries of literature. Click here to view a list of all the pieces of literature currently being used in HPHS English classes.

Q: What steps has the district taken to make this process more transparent and to support the informed choice of parents?

A: In effort to be transparent and to provide parents with more information, the following steps have been taken:
Approved book list: The approved book list, which was previously an internal resource for teachers to use when deciding what literature to use in the classroom, has been published online.
Rationales (reports that list the merits and potentially controversial content of literature): We have been working to retrieve, scan and post all the rationale reports that exist. Because the formal introduction of text rationales has only been in place for approximately 10 years, not all the works have rationales, especially some of the long-accepted classics. Examples of classic works that do not have rationales include All My Sons by Arthur Miller, Of Mice and Men by John Steinbeck and The Tempest by William Shakespeare.
Book list audit and update: This summer, we audited the book list to make updates and corrections. The decision was made to remove Nineteen Minutes. We also discovered that The Perks of Being a Wallflower had not been reviewed and therefore decided that it would not be taught.
Q: Have any challenges been withdrawn?

A: Yes. Today, the individual who was challenging The Glass Castle withdrew the challenge, so we will continue to use the book.


Q: What books have been temporarily suspended from use?

A: The titles below were brought into question, and, although only two of them are currently being taught, they are all being suspended from use, pending review by reconsideration committees.
The Absolutely True Diary of a Part-Time Indian - Sherman Alexie
An Abundance of Katherines - John Green
The Art of Racing in the Rain  - Garth Stein
Siddhartha - Hermann Hesse
Song of Solomon - Toni Morrison
The Working Poor: Invisible In America - David K. Shipler
Q: Why were the books temporarily suspended?

A: The debate had become very heated, and it was highly disruptive to our work at the high school and the district. The goal behind the decision was to de-escalate the conflict and to create some space for dialogue.

Q: Have there been any changes?

A: Yes. Today, the individual who was challenging The Glass Castle by Jeanette Walls withdrew the challenge, so we will continue to use the book.

Q: What is the immediate effect on students and teachers?

A: Only two of the books that were suspended (excluding The Glass Castle, which is no longer being challenged) were scheduled for use this school year. The four remaining books are not being taught. So, although the challenges to those four have no immediate effect on instruction, we will appoint reconsideration committees to review the books this school year.

The Art of Racing in the Rain was slated for use this semester, and three classes (63 students) had started studying the book. The unit covered the concept of a unique point of view (The Art of Racing in the Rain is narrated by a dog). The students had read more than half of the book, and they were able to complete their assignment, which required them to narrate from a unique viewpoint, such as an animal or inanimate object. The students turned in their work and went on to the next study units, which include the study of What the Dog Saw by Malcolm Gladwell and The Allegory of the Cave by Plato. We appreciate the flexibility on the part of the faculty members and students who were affected.

The Working Poor: Invisible in America is scheduled for use in the spring. It is our goal to have completed the reconsideration process by then so that valuable instructional time is not interrupted.

Q: How will parents know what their children are reading?

A: All works are listed in course overview and syllabi, which are posted online. In addition, some titles that contain material that some parents might find unsuitable for children require parent permission forms. Alternative texts are available upon parent request.

Q: What is the policy and process for challenging books?

A: A parent, employee or any district resident may formally challenge an instructional resource on the basis of appropriateness. The formal reconsideration process, including the formation of a reconsideration committee, is detailed in Local Policy EFA.

The corresponding exhibit includes the one-page request for reconsideration of instructional materials form . This form must be filled out and delivered to HPISD Director of Assessment and Language Arts and Reading Coordinator Dr. Denise Beutel to start the reconsideration process.

Q: Who will review the challenged books?

A: The challenged books will be reviewed by the reconsideration committees, which will be appointed by campus and district administrators. We are committed to appointing committee members who represent a variety of viewpoints. We anticipate approximately 10 members per committee with representatives including parents, faculty and staff and counselors. We are encouraged to see that several students are interested in serving, and we plan to include them on committees, as well.

Q: What are the possible outcomes?

A: There are three possible outcomes, based on the recommendation of reconsideration committees:
A book may be recommend for unrestricted classroom use
A book may be recommended for restricted classroom use (based on course level)
A book may be removed from the approved list

Q: What is the timeline?

A: We expect the two books that are scheduled for classroom use to be reviewed by the end of the fall semester. We will also put together committees to review the four remaining books by the end of the school year.

In conclusion, we thank you for taking the time to learn more about how we make decisions about the books our students study. Our intention is always to select high quality, engaging literature. This is a complex and challenging issue, and we are committed to doing the work to make informed and collaborative decisions with all of our students in mind.

Sincerely,

Dr. Dawson Orr
Highland Park ISD Superintendent

Walter Kelly
Highland Park High School Principal


Wednesday, September 17, 2014

Fellowship of Christain Athletes Speaker Tonight at Luthern High School Dallas, TX

Tonight the Fellowship of Christian Athletes has a special speaker, Lisa Burkhardt Worley.  Lisa is an author and speaker, and is the founder of Pearls of Promise Ministries, a ministry with a goal of helping women overcome dysfunction and trials in their lives through the strength of Christ.

Lisa is a former national and local sportscaster, working nationally for HBO Sports on the program, Inside the NFL and as a freelance reporter for ESPN.  She was also an anchor and reporter for the Madison Square Garden Network, KENS-TV in San Antonio, Texas and WTVC-TV in Chattanooga, Tennessee.

After television, God led Burkhardt-Worley into full-time ministry.  She shares her testimony with and provides inspirational messages for men and women across the southern United States.  She has co-authored two books, the Pearls of Promise devotional, and a new book, If I Only Had...Wrapping Yourself in God's Truth During articles published in national Christian periodicals.

Lisa earned a Master's of Theological Studies degree from Perkins School of Theology, graduating Magna Cum Laude in 2008.


We are very honored to have Lisa come and speak to our group.    Please encourage your son / daughter to attend.  Our FCA meeting starts at 7:30 pm in Klekamp Hall.  EVERYONE IS INVITED!

Dallas Lutheran School
8494 Stults Rd.
Dallas, TX 75243

Monday, September 15, 2014

Three North Texas cities rank highly as places to retire

Best Cities for Retirement
Slides by Megan Ribbens
Grand Prairie ranked high in the survey for number of doctors and nurses per capita, fair weather and low violent crime rate.
Are you looking forward to trading 40-hour grind for weeks of relaxation? Is it about time to wrap up your career and take some time for yourself?
Good thing you’re in Dallas-Fort Worth, where three suburban cities ranked among the top in the U.S. for retirement.
The personal finance website WalletHub produced the report, which ranked 20 of the 150 largest cities by population. Criteria for the list included affordability, quality of life, access to healthcare, activities for retirees and number of available jobs.
But wait. These are the golden years. Why would a retirement survey look at jobs?
Other studies conducted by WalletHub have found that too much of a good thing – including rest and relaxation – can be a bad thing. Many retirees find they want to return to work or take jobs to supplement their fixed incomes.
“Retirees get bored and want to fill their time, so they get a part-time job or find volunteer opportunities,” said Richie Bernardo, financial writer for WalletHub.
Grand Prairie took second place in the survey, ranking highly for the number of doctors and nurses per capita, fair weather and low violent crime rate.
Plano took ninth and Garland ranked 14th in the survey for similar reasons, Bernardo said.
But there were factors that kept the North Texas cities from taking the top spot, which went to Tampa, Florida. All three have low numbers of retirees and have a higher death rate among people ages 65 and older.

SMU receives more than $4M for Tower Scholars program

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hillsman jackson
The Tower Scholars Program received more than $4 million in endowments, including $2 million from Highland Capital Management.
Southern Methodist University’s Tower Scholars Program received more than $4 million in endowments thanks to Highland Capital Management and other charitable foundations.
Highland donated $2 million to the program through the Highland Capital Management Endowed Tower Scholars Program Fund. Ten sophomore students will be chosen each year, starting this fall, to take part in the program.
“This is the first time we’ve received a gift from Highland,” said Robin Maness, executive director for principal gifts at SMU. “We want them to be engaged as much as they want to be associated with the program.”
Participants will study domestic and foreign affairs, national security and defense and international political economy, finishing with a minor in public policy and international affairs.
The Hamon Charitable Foundation donated $1 million toJake L. HamonEndowed Internship Program in the Tower Scholars Program Fund. A $1 million gift from the Berry R. Cox Family Foundation will also support the program and give operational support.
Additionally, the program received $400,000 from various other sources that will help the Tower Scholars Program operate before the endowments fully mature.
“Obviously this is a very exciting program for SMU and this endowment will help support the activities with it through travel, research and more,” Maness said.
The Tower Scholars Program is part of SMU’s John Goodwin Tower Center for Political Studies, created in honor of the late U.S. SenatorJohn Tower. It educates students from middle school through post-doctorate and provides them with hands-on research in domestic and foreign policy. Classes, seminars and public lectures are also offered to the public through the center.
Tower attended graduate school at SMU, receiving a Master of Arts degree in 1953, and served in the U.S. Senate from 1961 to 1985, defeating incumbent William Blakley for the seat in a special election following Lyndon B. Johnson's election as vice president in the John F. Kennedy administration. Tower died in 1991 in a plane crash near Brunswick, Georgia, along with his daughter, Marian, astronaut Sonny Carter and 20 other people.

Southern Methodist University prepares to start new Simmons building


SimmonsRenderingSubmitted rendering
The new three story, 40,000-square-foot building, which includes classrooms, labs, offices and conference rooms, will sit on SMU's campus along Airline Drive


Southern Methodist University is preparing to break ground on the new Harold Clark Simmons Hall, which is the second building for the Annette Caldwell Simmons School of Education and Human Development.

The new facility is named for Simmons after the university received a $25 million gift from Annette Caldwell Simmons and the late Harold C. Simmons in February 2013, which is funding the new building and three new endowed academic positions.

The Simmons donation will give the school the ability to help teachers optimize their impact on children's education, said David Chard, the Leon Simmons endowed dean of the Simmons School.

"It will also serve as a hub of community-based programs, allowing us to expand our understanding of the relationship between schools and the communities they serve," Chard said, in a written statement.

Harold and Annette Simmons' donations totaling $45 million is the largest in the university's 100-year history. The Harold Simmons was the founder, chair and CEO of Contran Corp., a holding company with interests in an array of industries.

The new three story, 40,000-square-foot building, which includes classrooms, labs, offices and conference rooms, will sit on SMU's campus along Airline Drive. Construction is scheduled for completion by late 2015.

The university plans to hold a groundbreaking ceremony at 1 p.m. on Friday.
By 

Longtime Parkland leader Ron Anderson dead of liver cancer

DrAnderson
                                                                                            Dr. Ron Anderson
Ron Anderson, a health care pioneer who ran Parkland Memorial Hospital in Dallas for 29 years through good times and bad, died overnight.
Anderson, 68, had advanced liver cancer, a Parkland spokeswoman told the Dallas Business Journal. He had recently entered hospice care. Services are pending.
Anderson left the Parkland CEO job two years ago amid a controversy over patient care that threatened the hospital’s Medicare and Medicaid funding.
Steve Love, president and CEO of theDallas-Fort Worth Hospital Council, calledAnderson “a giant in the health care delivery system.”
“He championed the plight of the most vulnerable in our society and many lives have been saved in North Texas because of his clinical caring compassion for others,” Love said in a statement.
Anderson served as chair of the Dallas-Fort Worth Hospital Council in 1992, received the Boone Powell Senior Award of Excellence in 2002, and had been serving on the hospital council’s Foundation Board of Trustees.
“We are all better people because we knew Ron Anderson,” Love said. “We need to celebrate his life by continuing his mission of social justice, fairness and healthcare excellence.”
Stephen L. Mansfield, president and CEO of Dallas-based Methodist Health System, calledAnderson "a selfless, compassionate, trailblazer."
"Today, the health care industry mourns the loss of one of the most impactful healthcare CEOs that I have worked with in my career," Mansfield said. "Truly a great loss."
A statue of Anderson will be placed in the foyer of the new Parkland Memorial Hospital to recognize his work for the Dallas County public hospital and a new outpatient clinic will be named for him, the hospital’s board voted on Sept. 10, the day before he died.
Anderson was a national spokesperson for public health issues and a champion for the poor and medically underserved.
A native of Chickasha, Oklahoma, Anderson assumed the position of president and CEO of Parkland Health & Hospital System in 1982 at age of 35 after serving for two years as medical director of Parkland’s Emergency Room and Outpatient Clinic and head of the University of Texas Southwestern Medical Center’s Division of Internal Medicine. He held the position until 2011.
In his final years at Parkland he led the successful bond campaign that secured public financing for the new $1.3 billion Parkland hospital due to open in mid-2015. But he also was at the helm in 2011, when the Centers for Medicare & Medicaid Services found serious problems throughout the public hospital that threatened patient safety.
Last year, Parkland passed a follow-up federal inspection of mandated patient care and safety improvements. Had Parkland not passed, the hospital would have lost hundreds of millions of dollars annually in Medicare and Medicaid reimbursement — funding that hospital officials said was crucial to keep its doors open.
Anderson stepped down after the failed inspections on his watch.
In the 1980s, Anderson suggested setting up health clinics in Dallas’ poorest neighborhoods, convincing skeptical hospital board members and local officials of the need. Parkland now operates 12 Community Oriented Primary Care clinics throughout the county, making primary and preventive health care more accessible.
Debbie D. Branson, chairwoman of Parkland’s Board of Managers, said Anderson“epitomized the ideal of the servant leader.”
“His passionate dedication to improve health care for the poor and underserved inspired a generation of caregivers,” Branson said in a statement released by Parkland. “He successfully advocated on the local, state and national levels to expand services and helped to ensure the viability of Parkland and all public safety-net hospitals in the U.S.”
Dr. Fred Cerise, who succeeded Anderson as CEO of Parkland Health & Hospital System in March of this year, said Anderson left big shoes to fill.
“Dr. Anderson’s focus was always on the patient, and he used his talents tirelessly to advance medical care and expand access for the indigent,” Cerise said. “The people of Dallas County and indeed, the entire nation, benefited from his vision and innovations
In the mid-1980s Anderson gained national attention when he spoke out against “patient dumping” — the practice of transferring medically unstable patients from private to public hospitals because of the patients’ inability to pay. Anderson’s efforts led to the passage of landmark legislation concerning indigent care in Texas, and to passage of federal legislation in 1986 banning the practice.
Throughout his life, Anderson advocated for making health care a right, universally available to every U.S. citizen.
In the mid-1990s he again took on the role of a national spokesperson because of his concern for the confidentiality of the physician-patient relationship when welfare reform measures threatened to require physicians and other health care providers to report undocumented immigrants to the Immigration and Naturalization Service.
Anderson received his medical degree from the University of Oklahoma and his pharmacology degree from Southwestern Oklahoma State University, where he was named a Distinguished Alumnus in 1987. He said he found his niche at Parkland, where he could teach, do research and take care of patients.
When Anderson was approached by Parkland board chairman Ralph Rogers in 1982 to assume the chief administrator’s position, he initially refused the offer, according to a news release issued by the hospital. He recalled that Rogers persuaded him to accept the job by convincing Anderson that rather than taking care of one person, he could take care of hundreds of people a day and influence the health care of hundreds of thousands of others every year as CEO of Parkland.
Anderson initially promised Rogers five years.
During his years at Parkland, Anderson was courted by other hospitals and institutions across the country, but he never lost his love for the Dallas hospital. Anderson, a devout Baptist, often said that people at Parkland, himself included, had a missionary mentality and a passion for their work that transcended the lure of other institutions.

By 

Tom Mason named interim SMU football coach after June Jones resigns

                                          SMU Head Coach June Jones resigned Monday afternoon, citing personal issues.
Two days after an embarrassing 43-6 loss to the University of North Texas, Southern Methodist University's head football coach June Jones has unexpectedly resigned, citing personal issues.
After playing and coaching for 50 years,Jones said he's resigning effective immediately to make time to address his life outside of football. He didn't go into further detail about his surprising decision, which comes just two weeks into the 2014 season and nine months after signing a three-year contract extension through 2017.
"This job has a lot of demands, as you know, and along with that journey comes a price that is paid," Jones, 61, said in a written statement. "I have some personal issues I have been dealing with and I need to take a step away so I can address them at this time."
Athletic Director Rick Hart has named Tom Mason, associate head coach and defensive coordinator, to replace Jones as head coach for the remainder of the season. Dan Morrison and Jason Phillips were named as co-offensive coordinators. The new coaching team will have a bye week to regroup.
Over nearly seven seasons, Jones led SMU to four bowl games. Still, this season's Aug. 31 opener against Baylor resulted in 45-0 loss. Then came Saturday's drubbing by UNT.
Hart and SMU President R. Gerald Turner held a Monday evening press conference at the Dallas-based university to address Jones' abrupt departure.
"He deserves better, I believe, (than) to step down after our previous two performances," Hart said at the press conference. "I would have liked ... if he could have gone out like a winner. Because he is a winner and he's demonstrated during his time at SMU that he's a winner. I hate that the timing was such that he couldn't do that.”
When asked if he had been surprised by Jones' announcement, Hart said, “It wasn't a decision that he reached easily, but it was one that he felt, and we agreed, was best for him and for SMU."
As for the team's reaction, “they were surprised and saddened," Turner told the media.
"They gave Coach Jones a standing ovation and very deservedly so,” he added. “It was very emotional. I know that they'll be ready to go and to prepare and get back out to practice tomorrow."
Hart had nothing but praise for Jones, calling him one of the most influential individuals in SMU football in the past several decades. "In addition to reestablishing SMU as a winner, June has helped shape the university and athletics department in ways which benefit student-athletes and coaches across all sports," he said earlier in the day.
SMU plans to conduct a national search for a new head coach. Hart declined to comment on the process until they are ready to announce a permanent replacement for Jones. His plan, Hart said, is to reestablish the university as one of the top athletic programs in the American Athletic Conference. Turner seconded the sentiment at the press conference
"Right now, what is at hand is to make sure that Tom Mason and the coaches and the players have all the support that they can have during this transition period,” Turner said to reporters. "We're asking at this time, as well, that all of the Mustang Nation pull together and really provide them with the support that they deserve for these last 10 games."
By  and 
Dallas Business Journal

U.S. News ranks Texas universities among the nation's best

No. 19 - Rice University in Houston
                                  No. 19 - Rice University in Houston
Texas universities fared well in the U.S. News & World Report 2015 list of Best Colleges, with Rice University in Houston cracking the top 20 and eight other universities making the top 200.
As you might expect, Ivy League schools dominated the top of the list, with Princeton University in New Jersey ranked No. 1, followed by Harvard University and Yale University.
Schools on the list offer a full range of undergraduate majors, as well as master's and Ph.D. programs, U.S. News reported.
Williams College topped the list of Liberal Arts colleges.
The highest ranked Texas schools on that list were Southwestern University in Georgetown at No. 87 and Austin College in Sherman at No. 89.
You can view the full U.S News list of best colleges here. To see where other Texas universities ranked, check out the slide show.

Wednesday, September 3, 2014

Highland House Proposal Withdrawn


Crosland Group is proposing a 22-story luxury apartment complex, called Highland House, in the 8200 block of Westchester Drive. (Photo: Crosland Group
This rendering shows Preston Center as it will never be. (Photo: Crosland Group)
Remember Highland House? Chances are if you live around Preston Center, you do. It was the proposed 23-story apartment building proposed by the Crosland Group that was scaled back a couple of times in response to opposition from community members over its height and density.
That same opposition led to the Dallas Plan Commission tabling the necessary rezoning case this spring to pave the way for a land-use study for the Preston Center area. Now comes word that Crosland has withdrawn its plans for the Westchester space, and that the land has been sold to former Dallas City Council candidate Leland Burk.
The Dallas Morning News has more details on the latest development in this ongoing saga.


Read more: 
http://cityhallblog.dallasnews.com/2014/08/contentious-rezoning-request-withdrawn-for-proposed-preston-center-high-rise-apartment-tower.html/

HP Committee to Discuss Borrowing Money

The Highland Park Town Council, as well as its various committees, has spent plenty of time this summer discussing a strategy to fund capital improvement projects for the next five years. Basically, there’s not enough money to fund everything that needs to be done to the infrastructure and elsewhere, even with an expected increase in property values.
The latest committee to take its hacks will be the Administrative Committee, which meets at 8 a.m. Wednesday in the executive conference room at Town Hall. They’ll be vetting recommendations from the Finance and Audit Committee, which suggested earlier this month that the town consider issuing debt to fund some projects.
This would be a significant step, of course, because HP hasn’t borrowed money in 30 years. But the recommendations from the finance committee point out that it’s also a fairly low-risk method of funding given the favorable market for interest rates and the likelihood of the town receiving a high bond rating.
At any rate, the town council is scheduled to consider the committee recommendations at an upcoming meeting, so stay tuned.