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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jan 25, 2003
Page
3
Americans abroad were advised to prepare for emergencies with guidance on keeping prescription medicines valid passports and travel documents current and maintaining ample food supplies. US officials stressed the advisory is routine and not tied to any specific Middle East events.
In Washington the FAA reports a new Weather and Radar Processor is active at all 20 high altitude air route traffic control facilities. FAA Administrator Marion Blakey says the system helps controllers steer planes clear of storms, reducing weather related delays for travelers.
Perry urges major changes this session to curb rising homeowner and medical malpractice costs. Officials note 95 percent of Texas homeowners are insured by rate-exempt subsidiaries, limiting state price control while industry warns stricter rules could curb competition. Consumer groups pressure for accountability as premiums rise across the state.
The Bush Administration will release 200 million dollars to a federal home heating aid program. Rhode Island Senator Jack Reed led northeastern lawmakers in calling for more assistance and confirmed the amount. The program, assisting low income families and seniors, has faced steep drops in beneficiaries recently.
The Dow dips 10 percent in late session to close at 8131.01, marking a fourth triple-digit drop in five days. The S&P 500 falls 25.94 to 861.40 and the Nasdaq slides 46.13 to 1342.14 as Gulf War and Iraq worries weigh on sentiment. Analysts warn of continued volatility amid tepid earnings outlooks and ongoing regional tensions.
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