Tag Archives: Dallas Texas

Quietly Leaving New York City As The Socialist Take Over

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On Tuesday, The Dallas Express posted an article about the Texas Stock Exchange (TXSE).

The article reports:

The Texas Stock Exchange (TXSE) began production, quoting, and trading operations on Monday, kicking off a phased rollout as a new national securities exchange based in Dallas.

The launch marks a significant milestone for the Dallas-headquartered startup, which aims to challenge the longstanding dominance of the New York Stock Exchange and NASDAQ. TXSE started with limited test symbols for approved members, with broader symbol availability planned throughout July.

The exchange will operate under the market center identifier “F.”

Trading hours include a pre-market session from 8:00 a.m. to 9:30 a.m., regular market hours from 9:30 a.m. to 4:00 p.m., and a post-market session from 4:00 p.m. to 5:00 p.m.

TXSE officials described the start of trading as a key step in proving the exchange’s viability. “With the start of full production trading, any last notions that TXSE is theoretical are instantly swept away,” a TXSE official stated.

Let’s look at some of the possible reasons that the Texas Stock Exchange might be opening. The Texas Constitution and Texas statutes prohibit levying a state personal income tax. Texas does not have a traditional corporate income tax–it imposes a franchise tax on businesses. That franchise tax rate is generally 1 percent for most businesses. The general corporate tax rate in New York City is 8.85 percent. Corporations with gross receipts over $1 million are subject to the General Corporation Tax.

The article concludes:

Gabriela von zur Muehlen, senior vice president and chief policy officer at the Texas Association of Business, added, “A homegrown national exchange means more jobs, more investment, and more growth opportunities for businesses and communities across the Lone Star State.”

The launch follows extensive preparation, including federal approvals and industry testing. TXSE is entirely electronic but headquartered in Dallas. Corporate listings are anticipated later in 2026.

Market participants were advised to complete connectivity and testing ahead of the launch. Additional rollout details are available on the TXSE website.

The development aligns with Dallas’ continued growth as a financial center, attracting major institutions and elevating the region’s profile in national markets.

Businesses are in business to make money. They will gravitate to places where it is the least expensive to do business.

Elections Have Consequences

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Forty years ago, I was not interested in politics. America seemed to be getting along fine without my involvement. I was tending to my own life, believing the mainstream media, and not really paying attention. I think a lot of us were there at various times. It’s hard to be involved when you are working and raising a family. Unfortunately, the days of coasting are over.

On Wednesday, The New York Post posted an article about an offer Dallas, Texas, has made to Morgan Stanley.

The article reports:

Dallas lawmakers signed off Wednesday on a $18.5 million incentive package to lure a $1.3 billion Morgan Stanley office tower to the city, The Post has learned — and this week’s stunning victories by far-left New York pols could expedite the exodus of businesses.

Officials at the Dallas City Council unanimously rubber-stamped the deal 15-0 that would give the New York-based bank a special economic grant and up to a decade of property tax abatements, according to a municipal filing reviewed by The Post.

In exchange, the Wall Street giant would build a major regional office downtown and shift nearly 5,000 jobs to the city — the latest coup for the booming Texas financial corridor known as “Y’all Street” which beckons New York moneymen looking to flee Zohran Mamdani’s ‘tax-and-spend’ left-wing policies.

The article quotes Dallas Mayor Eric Johnson:

“American capitalism, free market competition, and even economic success itself have all been vilified by New York’s top elected leaders,” Johnson said. “While that makes me sad for my friends who call New York home, I must admit that I am pleased to welcome the tens of thousands of financial services jobs that are shifting from Manhattan to Dallas.”

The article concludes

Landing Morgan Stanley would give Dallas more than bragging rights. The permanent location sits inside the city’s Downtown Connection tax increment financing district, and the firm’s arrival would deepen a financial footprint that already trails only New York nationally.

To clinch the deal, the city is also nominating both phases of the project for Texas Enterprise Zone designations, which could unlock state sales-tax refunds worth up to $5 million.

If approved, construction could break ground this fall with operations beginning in 2027.

Morgan Stanley’s global headquarters are set to remain in Manhattan, where it has operated for decades.

Let’s see if Morgan Stanley chooses to leave its headquarters in Manhattan and if the New York City voters wake up and smell the coffee.

An Indication Of Things To Come?

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Elections have consequences. Unfortunately, not all of those consequences are good. New York City is experiencing some of the consequences of electing a Mayor with little business experience or understanding of economics.

On Monday, The Epoch Times reported:

President Donald Trump said on Jan. 19 that building a New York Stock Exchange (NYSE) in Dallas would be detrimental to New York and pose a big test for newly elected New York City Mayor Zohran Mamdani.

Intercontinental Exchange, which owns the NYSE, announced in February 2025 that it would launch NYSE Texas, a fully electronic equities exchange based in Dallas, pending regulatory filings. As part of the move, NYSE Chicago was reincorporated in Texas and renamed as NYSE Texas, allowing companies to list their securities on NYSE Texas.

NYSE Texas began operations in March 2025, and Trump Media & Technology Group was the first company to list on the Dallas-based exchange and hold a dual listing, according to a company statement.

“Building a ‘New York Stock Exchange’ in Dallas is an unbelievably bad thing for New York,” Trump said in a Truth Social post. “I can’t believe they would let this happen.”

What would be the economic impact on New York City if the stock exchange moved to Dallas? I have no idea, but it wouldn’t be good. How much money flows into the city from people who work for the stock exchange through property rentals, lunches, etc.?

The article notes:

NYSE Group President Lynn Martin said in February 2025 that Texas hosts the most NYSE-listed companies, representing more than $3.7 trillion of market value. The exchange views Texas as “a market leader in fostering a pro-business atmosphere,” Martin said.

“We are delighted to expand our presence in the Lone Star State, which plays a key role in driving our U.S. economy forward,” Martin said in a statement at the time.

The article concludes:

The establishment of NYSE Texas coincided with the rise of another major exchange in the state.

TXSE Group said in January 2025 that it had filed with the Securities and Exchange Commission to register the Texas Stock Exchange (TXSE) as a national securities exchange. The company has raised $161 million in an initial funding round and plans to begin trading early this year.

Businesses move to places that have policies that are favorable to doing business. Under Mayor Mandani, New York City may no longer fit that description.

There Need To Be Severe Consequences For Political Violence

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It’s been a tough few weeks. We had a church shot up with children in it. We had Charlie Kirk assassinated. Now we have a young person shooting up an ICE facility. Something is very wrong. For whatever reason, people are evidently forgetting their debating skills and resorting to violence.

On Wednesday, The Daily Caller reported:

A suspect who fired shots near an Immigration and Customs Enforcement (ICE) facility on Wednesday morning in Dallas, Texas, left “anti-ICE” messages on rounds, FBI officials said.

Police found the shooter dead from a self-inflicted gunshot wound after the suspect shot three victims, killing two, officials said at a Wednesday press conference. “Early evidence that we’ve seen from rounds that were found near the suspected shooter contain messages that are anti-ICE in nature,” said Joseph Rothrock, special agent in charge at the FBI’s Dallas field office.

The early reports say that the shooter fired from the rooftop of an adjacent building. FBI Director Kash Patel posted the following on X:

I did read a report that the shooter was a young man in his late 20’s. If that is true, I wonder what we are teaching our young people.

Another Reason To Enforce Border Laws

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On Thursday, Breitbart posted an article about a gruesome murder in Texas. A 37-year-old illegal alien from Cuba with a lengthy violent criminal history who was released by the Biden administration into Texas on January 13 — one week before Donald Trump was sworn in as president, according to ICE, brutally murdered a co-worker at a Dallas area motel.

The article reports:

The spokesperson for U.S. Immigration and Customs Enforcement (ICE) Enforcement and Removal Operations (ERO) provided the following statement:

On Sept. 10, ICE Enforcement and Removal Operations Officers assisted the Dallas Police Department in the interrogation of Yordanis Cobos-Martinez, an illegal criminal alien from Cuba who allegedly beheaded a man in front of the victim’s spouse and child. Cobos-Martinez did the unthinkable and proceeded to kick the head around like a soccer ball.  ERO Dallas swiftly lodged an immigration detainer on the suspect.

Cobos-Martinez has a lengthy criminal history that includes arrests and convictions for grand theft motor vehicle, false imprisonment, carjacking, and indecency with child through sexual contact. He was most recently in ERO Dallas custody at the Bluebonnet Detention Center until he was released on an order of supervision on Jan. 13, 2025, because there were no removal flights to Cuba under the Biden administration.

The article notes:

Dallas police investigators say that Yordanis Cobos-Martinez got into an argument with 50-year-old Chandra Mouli Nagamallaiah at the Downtown Suites motel on September 10. He reportedly became angry when Nagamallaiah, an Indian national, gave instructions to a coworker to translate instead of speaking directly to him. Cobos-Martinez then allegedly pulled a machete “from his person” and began hacking at the victim, according to information published from an arrest affidavit by Fox 4 Dallas.

I don’t want to see this man deported–I want to see him convicted and sentenced to death.