Welcome to The Dallas Newsletter!

In today’s edition:

• Sally Beauty selling HQ, may relocate.

• Kamara scores 4, Saints end Cowboys' home streak.

• A deep dive into the life of Ross Perot.

• And more…

Quote of the Week

"We do not see things as they are, we see them as we are."

— Anaïs Nin

Trivia

Which Dallas building is renowned for its Gothic revival style architecture and is a major landmark of the city?

A) Old Red Courthouse

B) Dallas City Hall

C) Highland Park Village

D) The Majestic Theatre

Answer to Last Week’s Trivia:

The annual football game played at the Cotton Bowl between UT and OU is B) Red River Rivalry.

News

💼Business

Sally Beauty Supply to sell corporate HQ in Denton, possibly relocate. (link)

Yadot Group to buy invitation-only Dallas social club. (link)

🏒Sports

Kamara scores 4 TDs, Saints end Cowboys’ 16-game home streak in regular season with 44-19 win. (link)

🏦Finance

Southwire could add nearly 100 jobs in Denton expansion. (link)

Upcoming Events

Here are some events that are happening in our city this week. There is a good mix between sports, entertainment, conferences, concerts, and more.

Sports

🏒 PARKING: American Airlines Center - Dallas Stars v Minnesota Wild
American Airlines Center, Dallas, TX
Wed • Sep 25 • 7:00 PM | (More info)

Music

🎤 Chris Travis
Trees, Dallas, TX
Tue • Sep 24 • 8:00 PM | (More info)

🎵 Zedd
The Factory in Deep Ellum, Dallas, TX
Wed • Sep 25 • 7:30 PM | (More info)

Family

🖼️ Cirque du Soleil: Songblazers
Music Hall At Fair Park, Dallas, TX
Wed • Sep 25 • 7:30 PM | (More info)

✂️ Company (Touring)
Margot and Bill Winspear Opera House, Dallas, TX
Wed • Sep 25 • 8:00 PM | (More info)

Image of the Week

Every week, I have a habit of making some AI art about our city.

This week, I typed in “Dallas with an underwater section accessible to the public” and this is what I got.

Let me know what ideas you have for this. I really enjoy making these types of photos.

Dallas Historical Events

1983: The economic downturn in Dallas.

In 1983, Dallas faced a significant economic downturn, a consequence of broader national economic challenges and local vulnerabilities, particularly in the oil and real estate sectors. The early 1980s were marked by recessionary trends in the United States, including high interest rates and inflation, which had ripple effects on local economies across the country. Dallas, known for its booming oil industry and rapidly expanding real estate market, was hit hard as oil prices plummeted and the real estate bubble burst. This led to a sharp decline in investments, job losses, and a decrease in overall economic activity in the region.

The impact of the economic downturn was profound on Dallas's workforce and community. Many businesses, especially those directly tied to the oil and real estate sectors, faced bankruptcy, layoffs, or significant operational cutbacks. The banking industry, heavily invested in oil and real estate, also suffered, leading to financial instability and the closure of several banks. The downturn challenged the city's economic resilience, leading to a period of reevaluation and adjustment as Dallas sought to diversify its economy and reduce its dependency on volatile sectors.

Despite the immediate hardships, the economic downturn of 1983 also set the stage for future growth and transformation in Dallas. The city and its leaders embarked on efforts to attract new industries, including technology, telecommunications, and healthcare, laying the groundwork for a more diversified and stable economic base. These efforts, coupled with strategic investments in infrastructure and education, helped Dallas recover and eventually emerge as a vibrant, dynamic metropolis with a broadened economic portfolio. The downturn served as a catalyst for change, highlighting the importance of adaptability and economic diversification for long-term urban resilience and prosperity.

Famous People From Dallas

Ross Perot (1930–2019): Business magnate and political figure.

Early Life and Education (1930–1952)

Born in Texarkana, Texas, Ross Perot grew up in a time of economic turmoil, which shaped his views on hard work and determination. Excelling academically, he attended Texarkana Junior College before earning a scholarship to the United States Naval Academy, where he further developed his leadership skills and commitment to service.

Naval Service and Early Career (1953–1962)

After graduating from the Naval Academy in 1953, Perot served in the U.S. Navy, where he honed his leadership and organizational skills. Following his service, he worked for IBM, quickly becoming a top salesman. His success at IBM laid the groundwork for his future in business, showcasing his innate talent for sales and technology.

Founding Electronic Data Systems (1962–1979)

Perot founded Electronic Data Systems (EDS) in 1962, with the vision of providing data processing services to large corporations. This venture catapulted him into the national spotlight as EDS went public in 1968, making Perot a billionaire. His innovative approach to business and technology significantly impacted the IT services industry.

Rescue Mission in Iran (1979)

In a notable act of loyalty and bravery, Perot organized and financed a successful mission to rescue two EDS employees who were imprisoned in Iran. This operation, led by retired U.S. Army Colonel Arthur D. "Bull" Simons, was later popularized in Ken Follett's book "On Wings of Eagles," highlighting Perot's dedication to his employees.

Sale of EDS and Founding Perot Systems (1984–1988)

After selling EDS to General Motors in 1984 in a deal worth billions, Perot faced conflicts with GM's management. He eventually left and founded Perot Systems in 1988, a company that provided information technology services and was another testament to his innovative spirit and business acumen.

Political Career and Presidential Campaigns (1992–1996)

Perot's foray into politics was marked by his independent presidential campaigns in 1992 and 1996. Advocating for fiscal responsibility, opposition to the North American Free Trade Agreement (NAFTA), and reform of the political system, Perot's campaigns were among the most successful for a third-party candidate in U.S. history, highlighting widespread public dissatisfaction with the two major parties.

Philanthropy and Advocacy (1997–2019)

In his later years, Perot focused on philanthropy and advocacy, supporting veterans' causes, education, and health care reform. His charitable efforts were wide-ranging, including significant donations to the Perot Museum of Nature and Science in Dallas, showcasing his commitment to education and the community.

Legacy and Impact (Throughout Life)

Perot's legacy is marked by his pioneering work in the tech industry, his bold forays into politics, and his philanthropic efforts. He left a lasting impact on American business, politics, and society through his innovative ideas, leadership, and commitment to principle.

Connection to Dallas (Throughout Life)

Dallas, Texas, played a significant role in Perot's life and career. It was the headquarters for both EDS and Perot Systems, and Perot's philanthropic efforts significantly impacted the city. His contributions to Dallas's cultural and educational institutions have left an enduring legacy.

Key Achievements:

• Founded and led Electronic Data Systems (EDS), revolutionizing the IT services industry.

• Successfully organized a rescue mission for EDS employees in Iran.

• Ran for U.S. President as an independent candidate, significantly influencing the political discourse.

• Founded Perot Systems, further impacting the tech industry.

• Engaged in extensive philanthropy, focusing on veterans' causes, education, and health care.

Summary

Ross Perot's life was characterized by his entrepreneurial spirit, commitment to service, and political activism. His innovative approach to business transformed the technology sector, while his independent presidential campaigns challenged the status quo of American politics. Perot's legacy in Dallas and beyond reflects his deep commitment to his country, his industry, and his community, making him a towering figure in American history.

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I would love to hear from you. Don’t be shy.

-Matthew Larsen

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