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Odessa American in Odessa, Texas

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Aug 28, 1990

Page

3

Incomes Rise in July as Spending Slows

Washington AP reports personal incomes rose 0.6 percent in July for the largest gain in four months, to a seasonally adjusted annual rate of $4.67 trillion, while consumer spending increased 0.5 percent to $3.67 trillion. The slowdown blamed on fewer auto, food, and clothing purchases. Savings rate held at 4.9 percent, aiding domestic capital availability.

Washington Commerce Department

Bureaucracy Holds Up California Highway 1 Repairs

In Mill Valley California an earthquake damaged Highway 1 remains closed as bureaucrats across jurisdictions stall repairs. Half a million cubic yards of road and soil have slid into the Pacific since October, detour traffic rising to about 6 000 vehicles daily and harming Stinson Beach tourism and emergency response times.

Mill Valley Calif Pacific Stinson Beach del Goetz

Homeless Picnic Brings City Shelter Helpers to West Park

In Pittsburgh 1500 homeless residents were treated to a picnic funded by shelters hospitals churches and the Salvation Army. An 84 year old woman Marlene and other attendees shared meals of ribs pies and potato salad as volunteers described the event as rare normalcy for those without homes. A man suffered a seizure during the gathering prompting calls for more shelter beds and relief resources.

Pittsburgh West Park Salvation Army Cecil Johnston Johnston Marlene Tennessee Soloma Joseph Richards Light of Life Shelter Lorenzo Johnson

Analysts: Mideast crisis slows home sales in July

Analysts say rising mortgage rates linked to the Mideast crisis will slow U S home sales after July. Existing home sales rose 3 3 percent to a seasonally adjusted annual rate of 3 44 million, aided by rate drops earlier in the year, but higher rates to 10 29 percent by late July threaten July strength. The median existing-home price rose 0 9 percent to 98 4 thousand and the Northeast saw a 14 3 percent surge to 560 thousand units.

Flynn Commerce Department John A. Tuceillo

Also Mentioned on This Page

San Francisco John Steinbeck Iraq U.S Norman D. Flynn National Association of Realtors Kuwait Richard Peach Mortgage Bankers Association Federal Home Loan Mortgage Corp Terry Cook ABC Permian Basin Christian Dior Tura Menra d eLaura Biagiotti Ray Bank Carrera East 42Nd St Sherwood Medical Center Judy Larson Frontier Galleries David Reddell AMI Odessa Women's and Children’s Hospital East 6Th Street Odessa Texas Temple Baptist Church N. Texas Derry Thorpe Temple Baptist Summer Bible Conference Jack Graham Chucho Prestonwood Dallas Graham First Baptist Florida Palm Beach College For All
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