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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jul 30, 2003
Page
3
Americans face a sharp drop in consumer confidence in July with the Conference Board index at 76.6, down from 83.5 since February, as unemployment climbs to a nine-year high and Iraq war concerns linger. Dow Jones, Nasdaq, and S&P 500 retreat amid tighter outlook for spending.
The Pentagon plans a futures market to profit from accurate predictions on terrorism and Middle East events but faces swift Republican and Democrat backlash. Senators pressed for accountability, with calls to shut down the project and fire those responsible while Deputy Defense Secretary Wolfowitz defended the office as imaginative yet shocking to critics.
The Senate voted 65 to 32 against a plan by Senator Richard Durbin to raise fleet average fuel economy to 40 mpg by 2015. Critics warned it could cost auto industry jobs and limit consumer choices by pushing buyers toward smaller cars and SUVs.
The Coalition Provisional Authority announced that seven additional airlines have been allowed to start limited scheduled flights between the United States and Iraq. Iraq’s Baghdad International and Basra International airports have not yet opened for commercial service, and airline approvals await final clearances from multiple government agencies.
A dense summary of proposed constitutional amendments and ballot language from multiple Texas measures. Topics include Veterans' Land Board financing and tax instruments. mineral interest redemption. property tax exemptions for travel trailers. reverse mortgages. religious organization property tax exemptions. jury size changes. conservation district funding for parks. school fund allocations. local retirement benefits protection. winery operation regulation. tax freeze provisions for disabled or elderly homeowners. home equity line of credit proposals. and provisions for political subdivision offices. Also outlines election references and official contact for explanatory reports.
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