Economy rattled as foreclosures rise and markets slip
Wall Street traded quietly ahead of the holiday after Tuesday releases. The Dow Jones industrial average fell about 100 points to around 8,419 for the fifth straight day as the Bush administration warned of worse news to come. Presidential aides described an $850 billion stimulus plan to fund roads, bridges, state aid, schools, and energy projects, with Biden saying bold action is ever more necessary. Private economists cautioned that even with a January program, relief may arrive too late to avert a deep downturn.
MENTIONED IN THIS ARTICLE
Wall Sttreet
White House
Barack Obama
Joe Biden
Obama
Obama Administratioun
GDP Recession Deepens as 2008 Slump Extends Into 2009
Behravesh forecasts a bottom this quarter with the largest quarterly GDP drop, followed by another 4 percent decline in early 2009 before a rebound. Other economists warn the downturn could be the most severe since the Great Depression, with unemployment rising to 6.7 percent and home sales sinking in November.
MENTIONED IN THIS ARTICLE
Behravesh
Joshua Shapiro
U.S
MER Inc
Commerce Department
National Association of Realtors
National Bureau of Economic Research
NBER
CVS keeps eye on Odessa expansion in Texas market
CVS has operated in Lubbock since buying Eckerd in 2004 and may pursue new markets, focusing on suitable sites. Walgreens in Odessa currently has three stores, with the nearest CVS site about a mile away, while local pharmacists downplay CVS competition and emphasize service and wait times.
MENTIONED IN THIS ARTICLE
CVS
Lubbock
Eckerd
DeAngelis
T’s
Walgreens Pharmacies
Walgreens
University Boulevard
West County Road
Robert Elfinger
Gary Warren
Town & Country Drug
N. Grandview Ave
Grasshopper tale reflects family bond and publishing path
Grandmother author recounts how her late husband supported her writing and how she turned to a vanity press to publish a bilingual children’s story about a grasshopper. Copies priced at 15.95 with English version at 12, as she searches for distribution and contact 332-9214 for a copy.
MENTIONED IN THIS ARTICLE
Rodgers
Vanity Press
Christmas Eve services and pageant notice at local churches
First United Methodist Church lists four Christmas Eve services at 4, 7, and 11 pm with music, communion and candle lights. Second Baptist hosts a free live Nativity from 7 to 8 pm. The Miss Teen Odessa pageant is accepting applicants aged 13 to 19 who will compete in multiple events before the national Miss Teen Texas pageant in April 2009 in San Antonio.
MENTIONED IN THIS ARTICLE
First United Methodist Church
Lone Star Brass Quartet
Sanctuary
FUMC
N. Lee Ave
Fumcodessa.org
Second Baptist Church
Odessa
Scottish Rite Auditorium
San Antonio
Missteentexasinternational.com
Wal-Mart to pay up to 640 million to settle wage suits
Wal-Mart Stores Inc says it will pay as much as 640 million dollars to settle 63 wage and hour lawsuits, with total payments depending on eligible claims. The Bentonville company notes most suits are older and says hourly pay and breaks policy applies today.
MENTIONED IN THIS ARTICLE
Portland
Ore
Wal-Mart Stores Inc
Wal-Mart
Securities and Exchange Commission
Bentonville
Ark
Communion Service Reframes Santa as Gift From Christ
A church service featured Santa Claus receiving communion and kneeling beside Jesus at the manger to emphasize that Christmas centers on Jesus Christ. Hundreds joined in candlelit singing of Silent Night to close the service.
MENTIONED IN THIS ARTICLE
Jesus
Santa Claus
Tamplen
Jesus Christ
Also Mentioned on This Page
The
United States
SWVC
Department of Commerce
Grasshopper
cCo
Billy Hext
Hpartag
Inchadessa.com
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