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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Dec 05, 1998
Page
1
Officials urged customers to mail holiday parcels early as postal services brace for peak demand. Endeavour crew prepares for the first mission toward space station construction, while coverage notes a controversial surf contest near San Francisco and a coup plotter rising in polls as a rebel with a cause.
A woman with no family to rely on requests a food box from the Empty Stocking Fund. The fund, a joint Odessa American Salvation Army project, runs through Dec. 20 with a goal of 35,000 to aid 650+ families. Donors may remain anonymous. names appear on Page 2A.
Unemployment fell to 4.4 percent in November, near a 28 year low, led by hiring in department stores and restaurants offsetting factory layoff losses. Service industries and construction posted solid growth as economists said consumer spending could stay strong for the holiday season. President Clinton praised the overall economic news while noting more work remains domestically and globally.
Gore remains front runner for the Democratic nomination but Bradley's decision to run guarantees a fight for the party's banner in 2000. Gore will announce his candidacy early next year as several challengers may seek to derail him amid possible scandals or economic shifts.
In Midland ECISD lawyers and the U S Justice Department Civil Rights Division faced a status conference in U S District Court to discuss moving toward unitary status and closing the desegregation case. Judge Furgeson pressed for progress and steps needed to resolve the lawsuit.
Odessa hosts Heritage Holiday Christmas Parade tonight with 80 floats and 20 000 to 30 000 spectators. Grand marshal Mayor Mike Atkins. KOCV TV coverage live and rebroadcasts. Entrants include Odessa College and government, commercial groups. prizes awarded for best floats. Street closures affect Grant Fourth and Sam Houston through parade end.
An offshore oil platform has sunk raising questions about safety and operations. Industry officials and maritime authorities are assessing the incident and potential spill risks while examining causes and preventive measures.
Oil and gas lease income for the University of Texas System endowment dropped about 35 percent this year as the latest lease sale drew weak interest. UT researchers said the Permanent University Fund, worth 7.2 billion, relies on oil and gas revenues, though stocks help cushion the loss. The November lease sale raised 577 821 dollars from 31 leases on 8 948 acres, far below last year’s 7.75 million from 93 leases on 30,690 acres. The average bid per acre fell to 64 58 dollars from 252 56.
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