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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jun 26, 1981
Page
1
Odessa utilities department outlines a plan to maintain water abundance by promoting conservation methods for consumers. The initiative aims to save water and prevent shortages, with further details on page 1D.
Sugar Ray Leonard won by TKO over Ayub Kalule in the Astrodome and Thomas Hearns stopped Pablo Baez in the fourth round. The two champions are set to meet on September 16. A forecast notes Cear will see partly cloudy skies with a chance of storms later today.
A readout of page sections lists classifieds, comics and puzzles including crossword, Dear Abby, doctor’s column and entertainment. Other items include financial, lifestyle, obituaries, opinion, sports and horoscope features with brief notices and column teasers.
AP analysis portrays the House budget coalition as fragile and issue driven, with Republicans united by Reagan’s appeal and conservative Democrats defecting on key votes. Democratic leaders resist punitive discipline, while veterans warn the alliance may not endure beyond current fiscal matters and will depend on future votes.
The AP reports dwindling deposits threaten S&Ls across the nation. May saw a record third straight monthly loss in new deposits with Americans withdrawing 161 million more than deposited. Banks weigh higher yields, while regulators push deregulation and Fannie Mae expands acceptable adjustable rate mortgages. Volcker backs reserve requirements on private money market funds.
Abilene era profile of Jack Grimm a Texas oilman who spent millions chasing Noahs Ark Loch Ness Monster Big Foot and even the Titanic planning to sail from Boston. The 56 year old publicity seeker recalls Mount Ararat expeditions a theater release and a Las Vegas poker bust before continuing his fantasy funded explorations with a stubborn refusal to be labeled Cadillac Jack.
Washington AP AT&T to raise interstate long distance by 16 percent on Sunday with FCC approval of rate changes. Private line rates up 16 percent and WATS line by 10.5 percent while international calls drop 35 percent. Overall, about 725 million in annual earnings. FCC imposes two day delay to allow a possible accounting order and more in depth review. Local rates remain unchanged.
Gov. Bill Clements asserts the 1970s Texas redistricting plan is unacceptable and expects changes in the 30 day special session. He cites House Senate committee deadlock over three new seats and notes Washington delegates’ noise while denying personal rigidity on the issue.
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