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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Dec 04, 1981
Page
1
Tyler politician State Sen Peyton McKnight rode into Midland Regional Airport on Thursday on a bid to build support for challenging Governor Bill Clements in the race. He aims to secure backing and momentum for the governor's contest amid statewide campaigning.
Odessa's 1980 to 1981 housing year saw 1,654 homes sold, down from 1,739, but total sales value jumped to 98.25 million with a near 60,000 average price. Median new home costs ranged from 74,000 to 90,000, while August showed a high new-home median of 103,398 and existing-home median near 71,000.
The Labor Department reports 9 million unemployed in November, up 484,000 from October, with the jobless rate rising to 8.4 percent the highest since 1975. Adult men, teens, and Black Americans face severe job losses as expectations grow for a higher peak next year.
Six months after the nation’s largest rate rise, AT&T filed with the FCC for a new interstate long distance rate structure seeking $181.4 million more annual revenue. Business customers would pay most of the increase while individuals could see varied effects depending on call timing and location.
Congress moves to allow a tax deduction for home upkeep in the Washington area as a business expense for Senators and Representatives even if their families live in the capital most of the year. The provision, delaying a government stopgap, could be attached to a broader tax bill by December 15.
In Rosharon Texas Stanley Fletcher and his son Curtis share a unit at Ramsey One, a rare father son pairing among about 20 across Texas corrections. The elder, 52, mentors Curtis in carpentry as they plan a cabinet shop after release. Fletcher may be paroled in May while Curtis is expected to leave 2 3 years later.
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