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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Aug 20, 1990
Page
4
The Odessa American publishes under David F Lyons as publisher and M Olaf Frandsen as managing editor. The paper emphasizes efforts to make the Permian Basin a better place to live work and play and directs readers to its Odessa, Texas mailing address.
The Lufkin Daily News notes Texas candidate Clayton Williams touts business expertise as a governor bid while refusing to release income tax returns. Investigations show debt risk from a past oil crash, junk bonds, and dissolution or sale of about half of the 26 companies he started. Net worth declined sharply over eight years, despite selling Claron and Claudesta Corp. to weather the storm.
Houston Chronicle summarizes a pending bill to enhance Coast Guard power after spills, fund cleanup with a 5 cent per barrel crude oil levy, and create a national command center plus regional teams. It notes double hulls for new tankers and expanded research on spill control amid US import reliance. Fort Worth Star-Telegram adds a Texas focus on immigration and education critiques.
The essay argues Americans fear losing independence to foreign investment as foreign assets in the United States reach two trillion dollars while foreigners seek good prices. It contends restricting capital repatriation would hurt the U S economy and urges maintaining a strong domestic foundation to safeguard future prosperity.
James J. Kilpatrick ponders the FDA proposal on food labeling as he counts the labor, hearings, and calculations behind defining serving sizes. The 231 column tentative rule sets per serving thresholds for cholesterol and fat, with broad costs to firms and retailers and extensive labeling.
Cherie Wallis recounts learning basic gun safety and firing a .38 revolver with a coach in a rural setting. Despite initial nerves and a skeptical stance, she fires multiple rounds, hits a kill zone, and leaves with increased confidence and lingering safety concerns about firearms and armed people.
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