✈️AA appeals 'divorce'; Big $$$ in waffles; Fastest-growing professions

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🗞️NEWS OF THE DAY:

In May, a U.S. District Judge ruled American and Jet Blue airlines' Northeast Alliance that coordinated flights and pooled revenue violated antitrust law. American this week appealed the decision. JetBlue said it would not appeal to protect a planned $3.8 billion purchase of Spirit Airlines.

A developer plans to get underway with a 793-lot single-family project east of Hwy 287 in north Fort Worth. The development will feature detached single-family residential lots, two commercial lots and one industrial lot. The community is associated with the LaPrelle development, a joint venture between Tri Pointe Homes and M/I Homes.

In memory of Bert Charles Williams, who passed away on September 21. Mr. Williams was a Fort Worth city councilman for 10 years and Mayor Pro-Tem for four years. He was a classroom teacher and coach for 12 years. An astute businessman, for four decades he was involved in the insurance field. He served on countless volunteer boards as a leader, counselor and mentor.

A federal judge has ruled that Texas' ban on certain drag shows is unconstitutional. Senate Bill 12 would have prohibited performers from dancing suggestively or wearing certain prosthetics in front of children. Critics sued the state, saying it violated the First Amendment.

Bloomberg Businessweek published its annual ratings this week for the best business schools in the country, with three DFW schools in the top 50. SMU’s Cox School of Business ranked 27th, a jump of 13 spots versus 2022. The University of Texas at Dallas ranked 37th for its Naveen Jindal School of Management. At 42nd, the TCU Neeley School of Business moved up 11 spots. TCU ranked best in Texas for categories in learning and networking for its full-time MBA program. TCU’s graduate program also ranked second in the state for the entrepreneurship category. Outside of North Texas, UT-Austin (No. 21) and Texas A&M (No. 45) also ranked among the country’s top 50.

Deposits held by banks in the DFW region declined more than 17% on a year-over-year basis as of the end of the second quarter, according to data from the FDIC. The Dallas Business Journal reported that banks across North Texas held $714.7 billion in deposits as of June 30, compared to $861.9 million a year ago. The decline comes as consumers keep spending and are moving their money in search of higher interest rates. The top three banks for deposits and market share in DFW remained the same as a year ago.

• Bank of America continues to hold the top spot with $135.9 billion in local deposits and 17.4% market share. Deposits decreased 8.6%, but market share grew 161 basis points.

• JPMorgan Chase ranked second with $91.1 billion and 12.8% market share. Deposits were down 10% while market share grew one percentage point.

• Wells Fargo has $24.5 billion in local deposits and 3.4% market share. Deposits declined more than 35%, and market share declined 21 basis points.

What are the fastest growing professions in America? The number of jobs in the United States is projected to increase by 8.3 million between 2021 and 2031, but not all jobs or industries will grow at the same rate. According to Bureau of Labor Statistics projections, these 20 occupations will see the greatest percentage change in employment by 2031:

👢👢PEOPLE ON THE MOVE:

• Arlington-Mansfield Area YMCA: Hires Teri McGuill as Chief Development Officer

• Fort Worth Country Day: Selects Chelsy Beninate, M.Ed., as its new Assistant Head of School for Operations and Security

• TRC Advisory & Wealth Management: Hires Katie Fisher as Administrative Assistant

• Champion Commercial Insurance Agency: Announces Edward McLin as Commercial Lines Risk Advisor

• GoVision: Promotes Jeremy Saatsaz to Senior Director, Service & Systems

On this day in 1948, WBAP-Fort Worth became the first television station in Texas--and in the South--to go on the air, carrying a speech by President Harry Truman. The station grew out of Fort Worth's first radio station, also called WBAP, established in 1922 by Amon Carter, owner of the Fort Worth Star-Telegram.

History book: (1908) Henry Ford's first Ford Model T automobile leaves the Piquette Plant in Detroit; (1954) The landmark late-evening talk show and variety program The Tonight Show premiered (as Tonight!), with Steve Allen as host; (1998) Google’s internet search engine is launched.

✂️SNIPPETS:

• The IRS will use info from sites like Ticketmaster and StubHub to tax resellers who made $600+ this year in an attempt to control exorbitant concert prices. That could be you fans of Taylor Swift, George Strait and Beyonce.

• MBAs are spurning McKinsey to buy small companies. Entrepreneurship through acquisition, or ETA, is seeing a surge of interest among B-school grads. (Bloomberg gift article)

• U.S. home insurance costs may be headed even higher. Nonprofit First Street Foundation estimates that 39 million homes are insured at artificially suppressed prices compared with the risk they actually face from hurricanes, wildfires and floods.

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