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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jun 08, 1982
Page
6
The 1981 Bankruptcy Reform Act and easy credit push help fuel a surge in filings. About 500,000 people declared bankruptcy in 1981 with many under Chapter 7, while Congress weighs limits and five year repayment plans to curb the perceived easy way out.
Walt McGinnis Goldsmith lauds city council and mayor for tackling cable TV and moral issues. He cites park safety problems from profanity to violence and praises efforts to restore decency in the community.
On June 8 historical notes include the death of Prophet Mohammed in 632, Japan shelled Sydney in 1942, and in 1965 U.S. troops in Vietnam were authorized to engage offensively. In 1971 Chile declared a state of emergency after an anti leftist politician was killed. Supreme Court Justice Byron White turns 65. Thought For Today reflects on hindsight wisdom.
Andy Rooney laments high auto ownership costs citing a government study that 23.8 cents per mile covers car, insurance, fuel, oil and parking. He recalls owning a 1977 Ford with 83,000 miles and jokes about muffler costs, crossovers, and inflated repair bills while praising thrifty tricks like self oil changes and avoiding frequent car washes. He notes difficulty finding honest, reasonably priced mechanics and wishes for a durable vehicle that lasts 12 years.
In Leyden Township Illinois a survey shows one third of Reagan voters from 1980 defecting over the recession. Voters blame Democrats and Carter for deficits while acknowledging inflation slowed but not felt as relief. Kennedy leads Reagan in a 44 to 40 split with many undecided.
Paul Harvey criticizes the upcoming Holmes versus Cooney boxing match as a race driven spectacle. He recalls how Black athletes once unified neighborhoods with pride, cautions that prize fighting risks becoming another mocked, hype driven spectacle, and hopes the controversy ends soon.
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