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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jan 07, 1997
Page
1
The Social Security Advisory Council released a split final report proposing stock market investments for the Social Security trust fund. All three options favor some private market exposure, with one proposing up to 40 percent in stocks, while arguing over worker choice and government role.
Local analysts on Monday divided over a proposal to let the government place Social Security payroll taxes into the stock market to help fund a 13 member Security Advisory Council. Van Elam cautioned caution while noting past ideas. See reaction on page 2A.
News analysis on Newt Gingrich’s return as House speaker amid ethics probes. Public hearings begin on charges while investigations by Justice and IRS loom, signaling a weakened leadership amid Democratic fundraising scrutiny.
Sleet and light snow plus icy winds forced drivers to stay off area highways Monday. Gaines County Sheriff’s Office warned against travel as slick roads caused several minor accidents. Andrews and other agencies urged caution. National Weather Service forecast highs near 25 to 30 degrees with northeast winds and continued flurries.
Avenue resident Jerry Israel Zamora was found on 1816 N Muskingum Ave with two gunshot wounds and died. Det. Cpl. Eliseo Martinez of the Odessa Police said Zamora had died at the scene after the shooting. Robert L. Tijerina of 910 S Prairie Ave faced murder charges as detectives described an argument that escalated at his home.
Chrysler Corp announces a practical long range electric car using on board fuel processing to convert gasoline to hydrogen for on board fuel cells. The approach aims to avoid bulky batteries and relies on inexpensive gasoline with on board processing to produce electricity.
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