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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Dec 10, 1979
Page
6
York reports mixed gains and losses across industries with utilities and consumer goods firms showing notable activity. Large cap names like Exxon, Dow components, and DuPont move within narrow ranges while tech and industrials show uneven progress. investors monitor dividends and price-earnings multiples amid market volatility.
White House aides prepare a policy statement outlining Carter administration aims for rural area aid and community development. Drafts stress local planning, cooperation with states, targeted support for disadvantaged rural communities, and federal to private sector investment. A White House meeting and a new responsibility center across agencies are proposed to manage implementation.
Washington AP The Agriculture Department announced this year's national partner in 4 H awards. Eight individuals and two organizations were honored for support of 4 H, a program serving 5.2 million youths nationwide. Recipients include David Barlow Chevron, John Holliman AP Radio, James R Johnston American Life Insurance, George F Neiley Deere & Co, Jesse Owens Phoenix speaker, Louis Pegram Ralston Purina, Richard A Riley Firestone, Norman Sugarman Baker Hostetler, Federal Cartridge, and Washington Cathedral.
Midland Memorial Hospital officials announced last week that the facility is in compliance with Title VI of the Civil Rights Act and the Rehabilitation Act after an on site review in September. The Dallas Civil Rights office conducted the survey with Region VI head Taylor D August releasing the findings. Administrator Wayne E Ulrich noted focus on care for patients who do not speak English and those with visual or hearing impairments. The hospital staffs Spanish speaking employees on every shift and maintains four trained interpreters plus four community interpreters available if needed.
The dollar fell sharply in Tokyo trading ending at 231.25 yen down from 241.65 on Friday and 240.90 at morning. It marked the largest single day drop in Tokyo market history. Gold traded slightly higher around 432 dollars an ounce in London and Zurich.
In Cleveland a 6 year-old girl was accidentally shot and killed while she and her 7-year-old brother wrestled over a revolver. Police said Margery Petway left the children at home while she attended a doctor's appointment.
Federal investigators examine reports that two Tyler police undercover officers Craig Matthews and Kim Ramsey used narcotics during an eight month undercover drug operation that yielded 121 indictments. The Tyler department faces claims of a cover up by higher officials and ongoing civil suits. Matthews and Ramsey deny the accusations as they remain key witnesses in the Kenneth Bora cocaine trial, which ended in a hung jury.
Kenneth Andrew Bora II, linked by police as an East Texas drug ring kingpin, will be tried a fourth time early next year, likely with a venue change. The case centers on an undercover cocaine sale to Craig Matthews for 2400 dollars last March. jurors deadlocked at 6-6 after 12 hours of deliberation. Bora has not yet been tried on charges from a shotgun attack on Matthews and Kim Ramsey, who announced their engagement during the trial.
Senate Republicans failed to push a broad 186 billion income tax cut and now seek automatic annual tax cuts to offset inflation. Senator William Armstrong proposes raising the standard deduction and widening tax brackets yearly to prevent cost of living increases from pushing taxpayers into higher brackets. The oil windfall tax faces opposition. an amendment denying oil depletion allowances for future price hikes was defeated 57 to 37, highlighting the split over aiding independents versus major producers.
Los Angeles Rapid Transit District mechanics warn that 1,200 new buses could cost more to maintain than the aging fleet which averages 1,500 breakdowns weekly. The federal grant of 264 million dollars over four years funds the purchase, with upgrades including air conditioning lifts and dual braking systems.
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