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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Aug 06, 1985
Page
1
Hiroshima observes the 40th anniversary with a minute of silence at 8 15 a.m. and appeals for peace. About 50 000 gathered at Peace Memorial Park as 4 200 new names were added to the cenotaph bringing identified victims to 138 700.
Odessa City Council met in a special session to scrutinize the proposed 1985-86 budget of 47.13 million dollars. The main focus was an insurance premium rise for about 920 city employees from 60 to 76.20 dollars monthly, questioned by Councilwoman Melissa Hirsch and Councilman Vern Foreman with Mayor John Minor present.
Odessa regained fourth place among U S cities in retail sales per household this year, up from 10th in 1984, according to Sales & Marketing Management. UT Permian Basin officials say the rise signals a return to normal buying patterns as residents from surrounding towns shop locally.
The sport faces a looming walkout as players chief Don Fehr declares a strike imminent if no deal on salary arbitration is reached. Negotiators urged by Commissioner Ueberroth planned one informal morning meeting, with grim outlook and potential season disruption two months from end.
Odessa real estate officers report new Fannie Mae rules raise conventional loan down payments from 5 to 10 percent starting Oct. 1. FHA and VA loans are unaffected. Some buyers may delay or seek cheaper homes, while higher monthly payments may impact demand and foreclosures, officials say.
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