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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jul 23, 1982
Page
2
June CPI rose 1 percent led by gasoline and energy, with gasoline up 5.4 percent and fuel oil 2.1 percent. Housing costs rose 1 percent while beef and pork prices climbed. egg costs tumbled for the fourth straight month. Annual inflation ran 7.1 percent in June and 13.3 percent if the pace continued for 12 months.
An Air Florida commuter flight carrying 10 people landed in Key West at 1:06 a.m. CDT after two hijackers held it in Havana for about four hours. Cuban authorities detained the hijackers. no injuries were reported among seven passengers and three crew members.
The notice lists mail subscription rates for 6 months 3 months and 1 month with prices 73.00 39.00 20.00 7.00 and 48.50 25.00 12.75 4.50. It notes second class postage is included and provides delivery problem contact 337-7314 with daily and weekend call times.
Skies over Odessa are partly cloudy with a low in the upper 60s and southeast winds. Saturday turns partly cloudy and hot with highs in the mid 90s, gusty SE winds. storms are unlikely in North Central Texas. Elsewhere the state remains warm with scattered thundershowers in Northeast Texas and the Lower Rio Grande Valley.
Washington AP reports Murray L Weidenbaum chief of the Council of Economic Advisers is resigning citing friction with President Reagan who favors his own economic course He will return to teaching in St Louis The exit follows similar resignations and a broad staff turnover in the administration with Poole named as a possible replacement or other candidates under consideration by Reagan.
Early indications show the panel will accept much of the Senate tax bill while House leaders in a tax year election warn against passing a tax increase. The bill would double the cigarette tax to 16 cents per pack for three years and raise the telephone tax to 2 percent in 1983, 3 percent in 1984, then 2 percent in 1986 and beyond. It would raise medical expense deductions thresholds to 7 percent of income, cap unreimbursed medical insurance deduction at 100 dollars, and limit uninsured casualty loss deductions to those over 10 percent of income, impacting high income professionals and investors.
The plan would raise taxes on many deductions and tax-exempt bonds while requiring faster payments from corporations. It would repeal large depreciation boosts for 1986 and 1987 and tax certain meals. The Senate rejected a bid to cut withholding on interest and dividends, a move central to Reaganomics, as leaders pressed for broader compliance.
Actor Vic Morrow star of Combat and two child actors were killed when a helicopter crashed during a Vietnam War sequence at Indian Dunes Park, north of Los Angeles. Five others were injured as debris from a simulated assault struck the tail rotor and toppled the craft into a river. The victims were Morrow, 51, and child actors Renee Shinn Chen, 6, of Pasadena, and a 7-year-old Ceritos boy, My-Ca Dvnh Lee.
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