Food prices fall while energy costs rise in November
The government reports wholesale prices rose 0.5 percent in November with finished goods up 6.3 percent annual rate for the year. Labor officials note inflation for 1980 likely under 11.8 percent as the year ends. Deputy White House aide Speakes says progress in inflation reduction remains moderate and steady.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Labor Department
White House
Larry Speakes
Closings Threaten One Room Napa Valley Schoolhouses
In Napa Valley California a drive to close Capell Valley Wooden Valley and Soda Canyon one and two room schools prompts a Save Our Schools led drive to keep them open. A recall vote looms for two board members as parents argue the district promised not to close rural schools and question where savings would go.
MENTIONED IN THIS ARTICLE
Capell Valley School
Napa
Samuels
Capell Valley
Wooden Valley
Soda Canyon
Napa Unified School Board
Save Our Schools
Napa Valley
San Francisco
Mary
Len Colson
Save
Donna Heine
Odessa Eyes Affordable Housing Push Amid IRB Plans
Housing official Rutledge urged action as Odessa pursues affordable financing for housing. Jack Dillard of the Odessa Housing and Community Development reports three apartment projects and about 17 million in tax exempt bonds for 748 units. City aims for 60 million more in IRBs to fund over 2,000 additional apartments, but progress stalls.
MENTIONED IN THIS ARTICLE
Waskom
Rutledge
Council For
Odessa Housing and
Jack Dillard
City
Chamber of Commerce
Odessa Economic Development Corp
Odessa Toy Bonds Spark Housing Financing Debate
Dillard Dillard warned a new Single Family Mortgage Revenue Bond program is unlikely after the 1980 $40 million issue that offered 9.1 percent and financed homes up to 60 000 per builder. Federal rules now cap sale prices near the median for new homes, while Rutledge pushes city developer collaboration to revitalize older houses amid tighter Treasury guidelines. Edison president Ron Aarent noted strong praise from parents and children, though Toy Manufacturers Association officials could not comment.
MENTIONED IN THIS ARTICLE
Dillard
Odessa
U.S. Treasury Department
Rutledge
Chamber
Edison
Ron Aarent
Toy Manufacturers Association
Brown criticizes CPSC over toy projectile regulation
IA Ms. Brown blasted the Consumer Product Safety Commission for not regulating projectile toys. Catherine Cook, the director of compliance, said the agency investigated toys but found insufficient injury evidence for a ban. She noted hazards are obvious and urged parental awareness, while praising improvements in small parts and sharp edges rules. Brown agreed toys have improved over the decade.
MENTIONED IN THIS ARTICLE
Ms. Brown
Consumer Product Safety Commission
Catherine Cook
Commission
Iran hijacking crisis at Tehran airport escalates hostage drama
Militant Lebanese Shiites holding a Libyan jetliner and 38 hostages at Tehran airport report progress in talks with Iran. Iranian officials say demands for food and fuel met and face to face talks planned at the plane bottom.
MENTIONED IN THIS ARTICLE
Associated Press
Iran
Tehran
Venezuela
Cuba
Iranian Foreign Ministry
Alavi Tabatabei
Libya
Beirut
Italy
Odessa American Postal Notice for Change of Address
The Odessa American informs readers of a change of address option for $79 per year with publication from Odessa Texas. The notice notes post office designation and mailing details including a box number and delivery instructions under postal service rules.
MENTIONED IN THIS ARTICLE
Texas
Odessa
Signature loan firms adapt to higher caps amid wage pressures
Gutierrez notes many borrowers are Mexican and recounts seeing 100 loans in a career as he explains the signature loan niche. The Legislature raised the maximum from 100 to 250 to boost borrowers buying power, but Gutierrez worries income growth may still lag living costs for habitual clients. The firm is part of a statewide corporation operating about a dozen such outlets.
MENTIONED IN THIS ARTICLE
Gutierrez
David Kaplan
Union Finance
Signature loan firms in Texas face high risks and high charges
State regulators note 10 to 15 percent uncollectable debt among small lenders like Money Store and Central Finance Co. In Texas about 20 sign loans offices operate in El Paso, with 716 at peak in 1978. Average offices grew from 499 accounts in 1970 to 625 in 1979, net loans rising to about 50,000 dollars. Lenders justify high rates by risk and returns, while officials stress strict enforcement and fair collection practices.
MENTIONED IN THIS ARTICLE
Texas
John Burgess
Odessa Forecast: Clear and Warm With Weekend Cooling
The National Weather Service projects clear skies and warm conditions in Odessa through Thursday with a bit of morning cloudiness. Highs near 70 today, mid 70s on Thursday, and a Pacific front arriving Saturday may bring cooler, cloudy weather. Winds light today, southwesterly Thu. Record highs and lows noted from past years.
MENTIONED IN THIS ARTICLE
Odessa
Mercury
West Texas
National Weather Service
Midland Regional
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By Sally Jacobsen
Napa Valley, Calif
Endofanera
Lisa Levitt
Calif
Arlene Samuels
Port Arthur
Gulf
Reagan
Muammar Khadafy
U.S
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Soviet Union
Western Europe
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Fourth Street
Daily
Suncay
Emo
Amo
Imo Daily & Suncay
Wnday
Suas Sa Mail
Ole
Credit Bureau
Burgess
Lemens
Mational Weather Service
Noaa
Dept. of Commerce
Midland
Mineral Wells
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Palacios
Presidio
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San Antonio
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Lla Stephenville
Abilene
Texarkana
Alice
Tyler
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Victoria
Amarillo
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Austin
Wichita Falls
Beaumont
Wink
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Childress
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Darhart
Dallas
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Paso
Fort Worth
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Marfa
McAllen
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