Consumer debt signals slow recovery hopes in April
April sees a $1.18 billion rise in consumer credit, led by auto loans and card use, suggesting relief from recession fears. Reserve Mining extends summer shutdown, steel capacity at 1930s depths, and economists expect May gains. Weidenbaum says high rates remain a mystery, while tax cuts and spending fights shape relief prospects.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Fed
Accidents at Imperial Motel trigger three lawsuits
Three lawsuits filed in Ector County District Court seek four million dollars in damages after a May 30 carbon monoxide incident at the Imperial Motel 221 West Second Street. Bernice Connery died and 14 guests were treated, with Olivia Jones and Wayne Howard among the plaintiffs. The suits name motel co owner Manhur Patel and seek damages for personal injuries and deaths.
MENTIONED IN THIS ARTICLE
Ector County District Court
Second Street
Midlothian
Bernice Connery
Imperial
Second St
Peace
Jimmy Harris
Connery
Wayne Howard
Howard
Imperial Motel
Patel
Leaetta Lawson
Jarret Vaden
Sandra Thompson
Shirley Miller
Jerry Yoesting
Ector County
Judy Crabtree
Randal Crabtree
Gilmer
Joey Carlson
Santa Maria
Calif
Frances Ortega
Billy Brannum
Fresno
Gigi Dougan
Tucson
Ariz
Betty Gilmore
Danny Helms
John Green
Midlander Allen Clark Jr. becomes GOP treasurer nominee in Texas
Allen Clark Jr. named Republican nominee-select for Texas state treasurer replacing Mil lard Neptune as Ann Richards faces a November race. Clark, 39, Midland energy executive and former Green Beret, viewed the switch as legal but Democrats call it an abuse of election laws.
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Austin
Allen Clark Jr
GOP
Clark
Republican Executive Committee
Millard Neptune
Ann Richards
Chet Upham
Neptune
Texas
Bob Slagle
Fred Thornberry
Upham
Don Hebert
Green Beret
Bill Clements
Veteran’s Administration
Washington
Agency
Rig safety test aims at dispute over equipment
Midland oil and gas driller will join a 90 day test of new rig safety standards to reduce injuries and possibly settle a nine year clash with OSHA. MGF Drilling and other Texas Oklahoma Kansas New Mexico drillers will operate without a kelly bushing rotary guard, a device once required but argued to cause injuries. F J McDonald says the company can be as safe or safer using alternative measures.
MENTIONED IN THIS ARTICLE
Rex Henderson
Midland Oil and Gas
Occupational Safety and Health Administration
MGF Drilling
Texas
Oklahoma
Kansas
New Mexico
OSHA
F.J. McDonald
FBI probes arson in Odessa O’Michael Building case
An FBI agent confirms the agency is examining whether federal arson laws were violated in the Nov. 25 fire at the O’Michael Building, 300 N. Jackson Ave. In April John Thomas Peterson faced second degree arson charges in Precinct 3 court, with state investigators citing possible arson for profit linked to an alleged scheme. Lawrence Peterson named in evidence but not charged.
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Jeff Chew
FBI
Odessa
el Paso
Peace
Jimmy Harris
John Thomas Peterson
Keeling St
Richard C. Womack
Lubbock
Peterson
O’michael
A.G. Loney
Austin
Justice Court
John Peterson
Lawrence ‘‘Cotton
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Robert Ortner
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Ortner
Wall Street
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Associated Press
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Murray L. Weidenbaum
Council of Economic Advisers
Elizabeth Simpson
Joe Tighe
Midlander Runs
Bob Bryant
Keith Weddell
Ray Stoker Jr
Loney
Ector County Grand Jury
O’michael Building
Harris