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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jan 05, 2000
Page
1
The Dow Jones dropped 359.58 points to 10,997.93 in heavy trading, a 3.2 percent decline, while the Nasdaq composite tumbled 229.46 points to 3,901.69 after an all time high, marking its worst point loss. The session followed fears of rising interest rates and renewed selling of technology shares.
President Clinton nominates Alan Greenspan to a fourth term as chairman of the Federal Reserve. The 73 year old economist guides the economy into a long expansion, with Greenspan joking about the unknowable future as Wall Street faces a sharp Dow drop of 359.58 points on Tuesday.
Local charities report generous donations and many volunteers this Christmas period. References to political ad spending in New Hampshire and a controversial disappearance case are included in scattered notes from the period.
Businesses across Odessa gain during the Sand Hills Stock Show and Rodeo with restaurants hotels gas stations and retailers seeing revenue. Ben Clements the shows media coordinator says the rodeo ranks as Odessa’s second largest revenue source after the oil show and supports scholarships and prizes. Tim Ross a San Angelo professional cowboy practices team roping at the Ector County Coliseum.
Medical Center Hospital briefly declares an internal disaster as admissions exceed capacity, diverting patients and canceling elective procedures. Beds reach maximum 312, with 258 normal, 312 max. ER crowded by respiratory illnesses. area hospitals notified for transfers. disaster lifted after about seven hours.
In Bedford, New Hampshire, George W. Bush gained endorsement from former rival Elizabeth Dole and attacked John McCain on taxes. Bush said McCain’s tax plan aids the middle less than his own 483 billion proposal targeting lower income Americans. Dole praised Bush as a bold reformer akin to Reagan.
The Andrews Country Club and county clash over a 1984 contract. Club president Alvin Collins says the county owes the club about 134,000 dollars plus interest for maintenance and handling of out of town guest billing and use of the club’s facilities.
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