Chicken Little Syndrome

Economists in Texas say the area’s drought is not hurting the state’s economy. “The wonderful thing about the growth in the ’90s is it isn’t tied to a single-sector industry, [and] there is no dominant industry” in Texas, said Jared Hazelton, director of the Center for Business and Economic Analysis at Texas A&M University. “Unless [the drought] lasts for several years, it won’t have a significant impact,” agrees Bernard Weinstein, director of the Center for Economic Development at the University of North Texas. “The sky is not falling.” (AP) ...But isn’t that exactly what people in the state are worried about?