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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jul 19, 1995
Page
1
The May trade deficit hit a record 11.43 billion as imports rose to 76.24 billion, led by a higher foreign oil bill. Exports climbed 1.3 percent to 64.81 billion, while the Dow fell 50.01 points to 4686.28 amid a broader market sell-off.
Midland consultants say eight major oil firms may underpay royalties to Texas. The Texas General Land Office sued Amoco Chevron Exxon Marathon Mobil Shell and Texaco for underpricing oil. Analysts estimate 30 companies may underprice, costing the state Permanent School Fund about 200 million dollars annually.
A Lubbock public hearing on three proposed corridors for a southern extension of Interstate 27 sparked a regional clash with Midland and Odessa. San Angelo officials pressed for routes through Big Spring or Sweetwater to link with I-10, arguing better trade connections to Del Rio and central Mexican markets, while MOTRAN urged the San Angelo option citing Chihuahua trade.
Bosnian government forces threaten to seize sick peacekeepers unless NATO airstrikes halt Serb assault on Zepa. Serbs vow to shell Ukrainian troops near the UN base in response to any NATO strikes as UN condemns abuse of peacekeepers and contemplates evacuations.
Odessa College received a 1.75 million federal Title III Strengthening Institutions grant to boost retention and success of Hispanic and other minority students. The award funds tracking student performance, counseling, and retention initiatives, plus a student placement and tracking specialist, a learning center, software, and campus fiber optics. The five year grant totals about 350,000 annually starting October, with future funding uncertain as Congress weighs Title III cuts after 1995-96.
Fans of slain Tejano star Selena flocked to record shops to buy Dreaming of You, a 13 song collection from unfinished English sessions. Stores in Permian Mall and Corpus Christi reported sold out of initial shipments and brisk demand as crowds lined up from midnight onward.
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