NIGHTLIFE: Formula 1 race season zooms into view. One mega-fest done. Another begins. The United States Grand Prix won’t roar onto the award-winning tracks at the Circuit of the Americas for another month, but the start of the season was toasted Monday night at ACL Live. A few hundred guests gathered over savory treats and the newly invented COTA Flame cocktails to hear founding partners Red McCombs and Bobby Epstein talk about global races, parties and concerts past and future, then listen to F1 greats Mario Andretti and David Sims recall the dangerous heydey of grand prix races in the 1970s. Got chills watching the race preview as well as the movie trailer for Ron Howard’s "Rush," which isn’t do so well at the box office. (Moment of truth early in the evening: McCombs admits he was waved off Austin as a shaky place to do business.)

SPORTS: Power panel to pick UT AD. Reported by Kirk Bohls in today’s Statesman: "University of Texas President Bill Powers on Monday appointed a seven-member advisory committee to assist in searching for and hiring a men’s athletic director to replace the retiring DeLoss Dodds. Among the seven committee members are two current regents — vice chair Steve Hicks and Robert Stillwell, both of whom are the Board of Regents’ athletics liaisons. Others on the advisory group are: Michael Clement, an accounting professor at the McCombs School of Business and the faculty representative to the men’s and women’s athletics councils; Charles Matthews, a former vice president and general counsel of Exxon Mobil and the current president of the Texas Exes alumni organization; Robert Rowling, a former regent and the owner and chairman of TRT Holdings Inc.; Charles Tate, the chairman of Capital Royalty and a former member of the executive committee of the university’s Commission of 125, a blue-ribbon panel that advised the university on its future in 2004; Pamela Willeford, the former U.S. ambassador to Switzerland and Liechtenstein and the former chair of the Texas Higher Education Coordinating Board." http://shar.es/EJrDT(Impressive crew for big job.)

POLITICS: Environmental groups split on Prop. 6 water bonds. Reported by Kate Alexander in today’s Statesman: "The proposed $2 billion water infrastructure fund that goes before Texas voters Nov. 5 could provide an unprecedented opportunity by the state to invest in water conservation. Or it could be weak tea. Those are the views of Texas environmental leaders, who differ over a provision in the water legislation that calls for 20 percent of the money to go toward water conservation projects, such as fixing leaky pipelines or installing infrastructure for the reuse of wastewater for irrigation. "It guarantees no money to conservation," Jere Locke of the Texas Drought Project said at an Austin news conference Monday featuring an unusual coalition — from constitutional Republicans to the Greens — that opposes the constitutional amendment." http://shar.es/EJqT5(Who to believe?)

BUSINESS: Flextronics to make new line of desktop PCs in Austin. Reported by Dan Zehr in today’s Statesman: "Flextronics America, which has ramped up hiring and spent tens of millions of dollars to renovate its Northwest Austin factory over the past two years, will start manufacturing a "next generation desktop computer" at the upgraded plant, according to a presentation it filed Monday with Travis County commissioners. The document, part of a push by the computer and electronics manufacturer to have its Central Texas facilities designated as a foreign trade zone, suggests the company already created 879 jobs for the project and could add another 815 positions if it hits peak targets. In the document, the company said it already employs more than 2,500 people in the Austin area." http://shar.es/EJ2yY(A stalking horse for Apple?)

HEALTH: Records depict money trouble at Lakeway hospital. Reported by Mary Ann Roser in today’s Statesman: "Within months of opening — aided by the largest federal loan guarantee ever granted to a for-profit hospital — Lakeway Regional Medical Center began to struggle financially, emails from the U.S. Department of Housing and Urban Development show. A team of officials from HUD, which guaranteed the mortgage loan of $167 million, express repeated concerns about the hospital’s cash flow in emails from last fall through April 2013. Too few patients had been using the hospital since it opened April 16, 2012, at a cost of $210 million. HUD suggested various strategies, including getting more money from investors." http://shar.es/EJqbG(This hospital makes fascinating news.)