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Odessa American in Odessa, Texas

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Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Aug 20, 1982

Page

2

At a Glance News Briefs Roundup Ed Hewitt

Dr Hector Zevallos and his wife Rosalie Jean were released unharmed by their kidnappers and are safe at home. The FBI said the investigation continues. Reagan administration uses high level lobbying to steer key measure, Pressler and Bush report similar calls. Mount St Helens eruption slows but rocks continue to crash into its crater. A U S Forest Service source said activity remains moderate. Three black American jurists detained in South Africa while visiting a courthouse in Zwelitsha. One person killed and six wounded in two related shootings in northwest Miami near the river and near the airport.

Edwardsville, Ill Hector Zevallos Rosalie Jean FBI Glenn Young St. Louis Washington (Ap South Africa The Washington Post Thelton Henderson U.S San Francisco Zwelitsha Ciskei Miami Miami River Miami International Jones

Odessa American Postal Address Change Notice

The Odessa American lists a change of mailing address for deliveries, instructing readers to send address updates to The Odessa American, P.O. Box 7952 Odessa Texas 19760, and noting delivery details for post office box holders and residents seeking updated service.

Odessa Texas

Weather outlook for Texas with warm, hazy skies and scattered showers

Fair and warm conditions prevail across Texas with hazy skies Friday morning and scattered coastal rain from Galveston to Brownsville. Temperatures range from the upper 60s in the Panhandle to mid 80s along the coast, with highs in the 90s to near 100s in interior regions. showers expected mainly in Panhandle and South Texas later.

Texas Galveston Brownsville South Texas Panhandle Amarillo National Weather Service South West Big Bend

Peso rates seen as guesswork in a shifting exchange

Wayne McClintock, publisher of the Mexico Report, warned that new exchange rates may impact unemployment. Shuffstall described the adjustments as guesswork while noting the day’s trading at 90 to 85. In California, Governor Edmund faced related economic concerns as the market moves between Mexico City and existing rates.

Shuffstall Mexico City Wayne McClintock Mexico Report Chihuahua City Mexico California Edmund

El Paso business leaders urge new aid to offset devaluation

In El Paso Texas Chamber of Commerce Manager Mark Miles and Downtown Merchants Association President Charles Lucky Leverett urged federal relief. They cited a 10 to 60 percent drop in activity and appealed for a new Economic Disaster Area Program with low interest loans to help firms survive the Aug 5 devaluation.

Reagan el Paso Tex Chamber of Commerce Mark Miles Texas Miles Charles

Rumor of Mexican default rattles markets

Rumors of a possible $17 billion Mexican default on U.S. bank loans swept markets amid Mexico’s financial crisis. The report proved unfounded but concern remained as Mexican debt, bailout plans, and stabilization options were debated by bankers and officials.

Chicago Sun-Times Mexico U.S United States New York Anne Parker Mills Irving Trust Herzog Mills Federal Reserve Bank Geese

Tax Standoff Sparks Citizen Dissent Over Paycheck Burden

In a tense discussion on proposed tax measures, residents voiced strong opposition to higher levies. Cecilia Burton, 26, of 921 E 23rd St, condemned the plan as harmful, saying earnings should belong to the worker and not the government.

Cecilia Burton E. 23Rd St

Enforcement to boost taxes as Congress backs withholding

Congress and the Reagan administration push tougher tax enforcement to fund a 98.3 billion three year package. A 10 percent withholding on most interest and dividends begins July 1, 1983, with exemptions for low earners and seniors under set thresholds. The plan expands taxes on phone service, air tickets, fuels, unemployment, savings bonds, and corporate deductions while curbing some tax benefits and pension provisions.

Washington Congress Reagan Administration Treasury

Also Mentioned on This Page

Ee Eee Larry Pressler R S.D George Bush Vancouver Wash Mount St. Helens Soviet Union Leonid Popov Svetlana Savitskaya U.S. Forest Service Volcano Information Center Heavenly Trio Alexander Serebrov Savitskaya Davy & Sunday Sunder Only Midland Regional US Dept of Childress Lufkin Associated College Sta McAllen Midland Christi Presidio Dainhart San Angelo Low Dallas San Antonio Roy Montgomery
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