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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Aug 26, 1971
Page
1
The dollar rose little after Nixon cut gold ties, challenging hopes for a weaker currency that would boost exports and curb imports. Analysts cite GATT tariff studies, central bank holdbacks, and wage price controls as factors shaping demand, with gold remaining around current levels.
A dead Negro girl was found in scrub near the Henderson residence and identified by authorities as Johnnye Jal Henderson, 10, missing from Odessa. Investigators believe foul play is not yet established while autopsy is ordered. Police and lawmen cordoned the area as relatives and officials awaited results. Earlier, a separate crash near Girvin left a man dead and a juvenile injured. Funeral services are planned for Tammy Foust, with political demonstrations by women's rights groups noted in Washington.
A Father of attorney Stephen M. Bingham suggests his son may have unwittingly carried a gun into San Quentin Prison. The remark appears in the ODESSA AMERICAN's Page 3 A. The report references potential security concerns and an ongoing inquiry into the incident. Local authorities and the prison administration have no official confirmation at this time.
Governor Wallace proposed a bill to bar long distance pupil transfers when parents object and warned boards may face fines up to 000 a day for defiance. The move follows federal desegregation orders and courtroom warnings against gubernatorial interference with school integration.
National Weather Service warns of rain across much of Texas with warm unsettled air. Highs near 90 both days and lows around 68, with recent heavy rain in West and North Central Texas. A tornado impacted Beaumont-Port Arthur area and Port Acres, causing structural damage but no injuries reported.
Washington AP reports the United States posted a fourth consecutive monthly trade deficit in July totaling 364.1 million, leaving a seven month deficit of 676.4 million. Commerce officials say the July figures reinforce the need for Nixon’s 10 percent import surcharge and the new economic programs announced August 15, noting the seven month gap contrasts with a near 2 billion surplus a year earlier.
The Commerce Department reports July imports at 3.798 billion while exports stand at 3.494 billion. Nations join a GATT led study on Nixon's import surcharge and nonmonetary measures to defend the dollar, excluding yen and major European currencies from the study. The panel begins Sept 6, reporting Sept 20, with wide participation and conditions.
The Quipster Money is what government is all about the man said. Yeah and it is our money or was our money until government took it away from us.
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