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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Sep 11, 2000
Page
9
Forecast calls for partly sunny skies with a 30 percent chance of showers and thunderstorms. Highs near 80, lows in the mid 60s, with upper 70s to low 80s expected midweek. Sunset and sunrise times noted. precipitation data listed for prior days.
Thousands followed a claim by Omega Trust and Trading Ltd promising a secret overseas bank windfall. Investors mailed $100 bills in foil to addresses across the United States, hoping for a 50 to 1 return in nine months. Federal prosecutors later charged 19 people with money laundering and mail fraud, saying at least $18 million was scammed. The alleged mastermind, Clyde Hood, a Mattoon, Illinois retiree, denied paying anyone. Many investors mortgaged homes or drained life savings, while others risked only $100, driven by hope and social pressure. Authorities warned such bank debenture schemes are common frauds, though believers persisted.
Washington AP reports that despite efforts to reduce child care costs, many children ages 6 to 12 are regularly unsupervised after school. A Urban Institute survey finds one in five children in this group left home alone, with older children more likely to be unsupervised than in care or with relatives. Affluent nonminority workers with 9 to 5 jobs also report supervising alone.
In Vienna OPEC members agreed to raise official crude output by 800000 barrels per day starting Oct 1 after four hours of talks. The increase brings total official production to 25.4 million bpd, with a meeting set for Nov 12 to reassess market conditions.
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