Hurricane Michael to Cost the US Economy Almost $53 BillionPress Release Released on October 12, 2018
Hurricane Michael made landfall at the Florida Panhandle on October 10 before moving towards Georgia, the Carolinas, and Virginia. In addition to the tragic loss of life, the storm caused substantial wind damage and devastating flooding. Recent preliminary damages estimates by the National Weather Service indicate property and short-term losses of over $30 billion.
Hurricane Florence to Cost US Economy Over $35 BillionPress Release Released on September 19, 2018
Hurricane Florence made landfall at Wrightsville Beach, North Carolina on September 14 before moving over eastern South Carolina. In addition to the tragic loss of life, the storm caused substantial wind damage and devastating flooding. Recent preliminary damages estimates by Moody's Analytics indicate property and short-term losses of $17-$22 billion.
Successful Trade Negotiations Between United States and European Union Could Yield Substantial Economic Benefits for the State of TexasPress Release Released on August 07, 2018
President Trump's recent announcement that the United States and the European Union (EU) would begin trade negotiations and work toward reducing constraints that could yield short-term success and help set the stage for other progress in the near future. EU members are major US trading partners, and, not only would a strong trade deal with zero tariffs have the potential to further enhance economies on both sides of the Atlantic, but also provide substantial benefits for the state of Texas.
- trade deal
DACA: An Economic ImperativePress Release Released on January 18, 2018
The clock is ticking on a two-million-job issue: finding a permanent solution to replace Deferred Action for Childhood Arrivals (DACA). The DACA program allows individuals who entered the United States as children to remain here for school or work. Nearly 800,000 persons across the country are enrolled in the program, and approximately 124,300 of these individuals live in Texas. If no action is taken, these young people will be subject to deportation when work visas in place on March 5, 2018 expire (some are already expiring). The issue has become highly politicized, thus at times masking the critical underlying socioeconomics.
- immigration laws
Hurricane Maria to Cost the Economies of Puerto Rico and Other Us Territories Nearly $48 BillionPress Release Released on October 06, 2017
The third major hurricane in two months hit the United States in late September, this time impacting Puerto Rico and surrounding islands. A category 4 storm at landfall, Hurricane Maria hit south of Yabucoa Harbor in Puerto Rico on September 20, with sustained winds of 155 miles per hour. The storm caused the electrical infrastructure of the entire island to be destroyed, and some estimates put the restoration of power on the island on a six to eight or even 10-month time frame. Hurricane Maria also extensively damaged drinking water supply systems, hospitals, schools, and cell service infrastructure.
Hurricane Irma to cost the US economy an estimated $75 billionPress Release Released on September 13, 2017
With Hurricane Irma making landfall in Florida, the US has suffered two major hurricanes in a little over two weeks. Fortunately, the impact of Irma was not as bad as initially feared, although it still created significant damage and destruction of homes and businesses. The human suffering is of paramount importance, and the emotional losses are enormous. As with Hurricane Harvey, Hurricane Irma will have a significant impact on the economy.
- Hurricane Harvey,
- Hurricane Irma
DACA Decision Could Significantly Complicate Recovery from Hurricane HarveyPress Release Released on September 05, 2017
The Trump Administration has announced a decision to end Deferred Action for Childhood Arrivals (DACA), an immigration program allowing individuals who entered the United States as children to remain here for school or work. Nearly 800,000 persons are enrolled in the program. Approximately 124,3000 of these "Dreamers" live in Texas, with a high concentration in Houston and the Gulf Coast region.
- Hurricane Harvey,
The Perryman Group Estimates Hurricane Harvey Could Reduce Gross Domestic Product by $145 Billion over Several YearsPress Release Released on August 31, 2017
Hurricane Harvey has proven to be a catastrophic, unprecedented storm, and its impact has worsened as the storm has continued and surpassed multiple estimates of worst-case scenarios. Harvey is now recognized as the wettest in the history of the continental US and in some areas rainfall has surpassed the average annual totals in less than a week. Many experts are now referring to Harvey as a 1,000-year flood, meaning the likelihood of an event like this occurring is only once in 1,000 years.
- Hurricane Harvey
Dr. Ray Perryman Receives Cesar E. Chavez Legacy AwardPress Release Released on March 24, 2016
Dr. M. Ray Perryman has been named as the recipient of the 2016 Cesar E. Chavez Conscience Builder Award by the Cesar E. Chavez Legacy and Educational Foundation. The award was presented during the Foundation's Annual Scholarship Gala in San Antonio on March 24. The citation called Perryman "a champion and guardian of conscience and human dignity" and noted that "his life is a testimony centered on these core values."
- Cesar Chavez,
Electronic Payments System Is the Force Behind 1 in 5 JobsPress Release Released on November 04, 2015
"Electronic payments are highly efficient, offering advantages such as speed, reduced costs, and accuracy," said Dr. Ray Perryman, President and CEO of The Perryman Group. "These enhancements have contributed significantly to the expansion of the US economy, increasing liquidity and stimulating personal consumption."
- electronic payments