Investors' take on D-FW real estate, Trump talks Fed, executive changes: Thursday's D-FW business news

October 11,  2018 🔎 Prefer the online view? It's [here](. Follow us on Twitter [@DMNBiz](. Farris Wilks (right) and his brother Dan Wilks (left) laugh with their sister Beth Maynard while telling a story about her time working for their company. (Ronald W. Erdrich / Abilene Reporter-News) The Big Story West Texas oil, fracking billionaires pump $1M to help D-FW GOP candidates AUSTIN — Political action committees financed by oil and fracking billionaires poured $1 million this summer into several closely watched North Texas legislative races in which traditionally Republican seats look vulnerable to a Democratic takeover. In the campaign finance reporting period from July 1 to Sept. 27, Empower Texans PAC and Texans for Fiscal Responsibility gave nearly $1 million to North Texas Republicans striving to fight off Democrats. Those races include several districts targeted by Democrats in a midterm election in which the party in power looks usually vulnerable. But [the flow of money from these groups could potentially stem those losses](. “These are normally Republican seats that become competitive in a good Democrat year,” said Cal Jillson, a political scientist at Southern Methodist University. “This is a good Democrat year, so I expect a number of those to go to Democrats except where last-minute funding comes in to push the embattled Republican over the finish line. That money is very important.” Advertisement The Latest How many D-FW homes have foreign-born owners? D-FW ranks 12th among the major U.S. markets with the highest foreign-born homeownership rates, [the Lending Tree report says](. President Trump blames 'loco' Fed for stock drop Trump also told reporters in the Oval Office Thursday morning that [he knows monetary policy better than the Federal Reserve's leaders](. Pentagon grounds F-35s made in D-FW The suspension by the Pentagon is to allow "a fleet-wide inspection of a fuel tube within the engine on all F-35 aircraft," [the Defense Department said](. Canada pipelines problems dwarf Permian's issues While the Permian's pipeline capacity bottleneck continues to make headlines here, [that region has a clearer way forward than Canada](. Oil tycoon H.L. Hunt took up yoga for longer life After completing 16 yoga lessons in 1972, [Hunt, 83 at the time, invited the media to his White Rock Lake home]( to "show off" all that he'd learned. EXECUTIVE CHANGES - KIRKLAND & ELLIS LLP named Benjamin Adelson partner. - MUNCK WILSON MANDALA named Jenny Martinez a senior partner. - STEWARD HEALTH CARE named Lindsay Smelser vice president of marketing. - TANDY LEATHER FACTORY INC. named Janet Carr chief executive officer and made her a member of its board. - WEITZMAN promoted Gretchen Miller and Matthew Rosenfeld to senior vice presidents. Plus: [Find more executive changes]( (Steve Brown) Featured columnist: Steve Brown Is it 'time to harvest, hedge and be cautious' in the D-FW real estate market? You may have heard that the real estate industry has drawn a big circle around Dallas-Fort Worth as the best place in the country to build stuff and invest in properties. That's great news if you like being No. 1. But if you are already in the property business in North Texas, you probably wish we hadn't won this honor. [The last thing the D-FW area needs at this stage of the real estate cycle is for dozens more investors and billions of dollars more in capital to pour through our doors](. This far into one of the longest positive real estate cycles on record, we need to be working on a soft landing, not adding more fuel to the fire. Follow DFW stocks: [See how top North Texas stocks performed](, as well as the oil and gas markets and major stock exchanges. DFW Top 100 Places to Work 2017: The Dallas Morning News and Workplace Dynamics partner each year to feature the [Top 100 workplaces](, based on ratings by the people who work at them.  Do you have feedback on this newsletter? Send your thoughts, questions, praise and corrections to our Business Editor Paul O'Donnell at [podonnell@dallasnews.com](mailto:podonnell@dallasnews.com?subject=Newsletter%20Feedback). STAY CONNECTED WITH US  [Facebook]( [Instagram]( [Twitter]( [LinkedIn]( [Reddit](  [OTHER NEWSLETTERS]( [SUBSCRIPTION OPTIONS]( [Unsubscribe](  |  [Manage Preferences](  |  [Privacy Policy](  |  [Contact](  |  [Advertise]( You received this message because you signed up for this Dallas Morning News newsletter or it was forwarded to you. Copyright 2018 - [The Dallas Morning News]( | [1954 Commerce St., Dallas, TX 75201](#)