We suspect nearly everyone with an interest in the business world is aware of the new rule issued by the U.S. Securities and Exchange Commission. The chief regulating agency overseeing the securities industry recently declared that companies that are publicly traded will have to start reporting the gap in the ratio between what the company CEO makes and the median pay of a company worker.
The latest economic news is largely positive. The U.S. Labor Department reports that the jobless rate declined in October to a level of 5 percent. That's as low as it has been for the nation in more than seven years. The latest numbers indicate that unemployment is on the rise in Texas, but it's still running below the national average and the Texas Comptroller of Public Accounts says permits for new construction continued to increase in September.