Odessa Agents Back Auto Insurance Rate Hike
Odessa agents join statewide debate over auto rate increases amid inflation and rising repair and medical costs. Officials consider 16.3 to 23.7 percent statewide, with Odessa residents facing about 8 to 10 percent under local projections. City crashes rise, including a Volkswagen incident near North Grandview, while premiums would climb for average drivers.
MENTIONED IN THIS ARTICLE
State Insurance Board
Texas Insurance Industry
Odessa
Insurance Board
Austin
Texas
Ector
Midland
Howard
Scurry
Houston
Dallas
San Antonio
Fort Worth
San Paso
Joe Allbright
Allbright
Bob Colin
Reagan says shoot down of Libyan jets was defensive
U S officials stated the United States did not seek conflict but was aware of possible attack as Navy pilots fired on Libyan jets over international waters near the Gulf of Sidra during a routine off shore exercise. They pledged similar response if attacked and noted Libyan calls to cut oil imports.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
United States
Libya
Alexander M. Haig Jr
Haig
Defense
Caspar W. Weinberger
Frank Carlucci
Reagan
Muammar Khadafy
U.S
Uss Nimitz
Navy
Pentagon
Gulf of Sidra
Gulf
Arab nations condemn U S Libyan air strike
Syria Iran and two Palestinian guerrilla groups joined Arab newspapers in denouncing the United States for shooting down two Libyan jets over the Mediterranean. Western reaction was restrained, with NATO allies praising briefing while Italy suggested Libya provoked the incident. Oil officials noted US supply could replace Libyan barrels but warned Libyan holdings may be nationalized.
MENTIONED IN THIS ARTICLE
Associated Press
United States
Syria
Iran
Persian Gulf
Mediterranean
U.S
America
NATO
Brussels
Italy
Foreign Ministry
Libya
Democratic Front For the Liberation of Palestine
OPEC nears compromise on base price 35 a barrel
Geneva report says OPEC 13 members excluding Saudi Arabia near a unified base price of 35 dollars with differentials from 34 to 39 and a price freeze through next year. Iraqi oil minister Tayeh Abdul Karim notes Saudi prefers 34 but may accept 35. Several ministers caution about gaps and expect further talks. Prices cited range 32 to 40, with most near 36 dollars.
MENTIONED IN THIS ARTICLE
Geneva
Switzerland
OPEC
Organization of Petroleum Exporting Countries
Saudi Arabia
Tayeh Abdul Karim
Subroto
Humberto Calderon Berti
Venezuela
Study says Bell rates should be reduced for low risk service
PUC researcher Gail Odell found Southwestern Bell Telephone Co. is a low risk, high liquidity operation and recommends rates far below the company’s $469.8 million annual increase request. The staff backs $249.28 million extra revenue and a 14.14 percent return on equity, versus Bell’s 17.1 percent request. The commission opens hearings Monday with the one party option costing $5.45 monthly.
MENTIONED IN THIS ARTICLE
Associated Press
Austin
Southwestern Bell Telephone Co
Public Utility Commission
Gail Odell
Economic Research Division
Bell
PUC
Commission
Odell
PAC
Recession debate as economy shows mixed signals
Washington economists weigh whether the country is in recession amid rising consumer spending and falling unemployment while housing, autos, and construction suffer from high interest rates. A stronger dollar hurts exports. several forecasters warn of possible negative real GNP in July September, but the question remains unresolved.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
U.S
Treasury
Donald T. Regan
Also Mentioned on This Page
Goren
Abby
Elise Coombes
Dallas, Fort Worth
Colin
Grandview Avenue
Caspar Weinberger
VFW
Occidental Petroleum
Exxon
Mobil
Conoco
Oil Company
Tripoli
Beirut
Lebanon
Joseph Campbell
American Telephone and Telegraph
By Robert Farlow
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