Houston’s economy too strong to draw Tesla

In 1928, the Chamber of Commerce in Marlin, Texas, wanted a modern hotel to serve the hundreds of people who bathed every week in the town’s famed mineral waters, so they asked Conrad Hilton if he’d consider investing in their community. Hilton replied with a proposal for a $375,000 high-rise with the largest ballroom in […]

Kinder Morgan offers a reality check on master limited partnerships

Don’t you hate it when that good thing that you hoped would last forever comes to an end? Many retail investors in Kinder Morgan Energy Partners and El Paso Pipeline Partners are probably feeling that way now that they understand the tax implications of an acquisition by Houston-based Kinder Morgan Inc. But the warning signs […]

Defect in U.S. tax law motivates companies’ overseas moves

A researcher trying to find ways to keep black bears away from humans once summed up the problem for me with a simple calculation: Animals are driven to obtain the maximum number of calories for the least amount of effort, and people leaving high-calorie food out attract the bears. The same drive applies to executives […]