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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jul 14, 1990
Page
1
The Dow Jones industrial average touched the 3,000 level and closed at 2,980.20, a gain of 10.40 on Friday while posting a 75.25 point weekly rise. Advancing issues led decliners about 3 to 2 in NYSE trading as 954 up, 619 down, and 460 unchanged. Federal Reserve Chair Alan Greenspan signaled a shift in the Fed's credit policy, shocking markets.
West Odessa residents claim a drilling mud dump in the 9700 block of West 18th Street emits noxious fumes near homes, with Frank Engle noting allergic reactions and headaches. The site sits close to Lauro Cavazos Elementary School, about 600 feet away, and operates under a Texas Railroad Commission permit.
Mayors Gavriil Ores of Moscow and Anatoly Sobchak of Leningrad quit the Communist Party joining Boris Yeltsin. The reform leaders said they would form a non Communist party this fall as the 28th congress closed. The move signals a political shift in the heartland with Moscow and Leningrad, about 14 million residents, stepping away from the ruling party.
The American TU Electric Co faces a potential 10.2 percent bill hike after cities and the Public Utility Commission rejected its request. A bonded-rate plan could raise Odessa monthly bills from 66.52 to 73.31 dollars if the final decision delays past July 20. Darrell Prein defends the need, noting no prior increase since 1984.
Democrats on the House Judiciary Committee urged Attorney General Thornburgh to appoint an outside prosecutor to probe Neil Bush while director of Silverado Savings and Loan. They argued a partisan climate and potential conflicts of interest require independent scrutiny, with a formal request signed by 12 of 22 members.
Washington lawmakers hailed the Americans with Disabilities Act as an emancipation for 43 million disabled Americans. Senators Harkin and Kennedy praised the bill, which defines disability as having a mental or physical impairment that limits major life activities and bars discrimination in work, public spaces, transportation and communications. President Bush was expected to sign into law soon.
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