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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Dec 06, 1984
Page
12
Exxon's 1983 sales reached about 95 billion dollars, down roughly 9 percent from the prior year. Despite the drop, U.S. industrial sales rose by about 4 percent overall in 1983.
Addison residents watch as Eddie Henderson, a Willie Nelson look alike, tends a goat and chicken compound on 70 undeveloped acres near Adelstein Plaza. Developers eye the land for high rise offices and malls, and Henderson says relocation would come if ownership demands it, though he may relocate his animals first. He has lived on the site since 1980 and owns three undeveloped lots in Eastvale.
Allen Cymrot of Kemper Cymrut Inc. argues tax writeoffs fueled by aggressive real estate deals threaten sound investment and warn of tighter IRS oversight. He views Treasury proposals by Regan as part of a broader shift toward more prudent investing, though others fear harm to the market.
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