Million Dollar Storm Destroys Hundreds Of Odessa Homes
A vicious summer storm with winds over 75 mph and grapefruit sized hail damaged hundreds of North and Northeast Odessa homes. The storm flooded streets, knocked out windows at Permian High School, and cut power and telephone lines. Officials reported no confirmed casualties despite sighted tornadoes and widespread property damage estimated at over $1 million.
MENTIONED IN THIS ARTICLE
Odessa
North Odessa
Fortis
Midland Regional Air Terminal
Permian High School
Texas Electric Service Co
National Weather Service
Midland
Department of Public Safety
Highway Patrol
Tok
Nigoway
Jack Wasson
Yukon Road
U.S. 385
Aneha Pavenot
Andrews
Dick Buckland
Southwestern Bell Telephone Co
Toca
Stanton
North Andrews Highway
Ector County
Elwood Hill
Joe Thompson
Twon
42Nd Street
Medical Center Hospital
Dollar Slump Hits Frankfurt and Zurich Markets
West Germany revalued its mark up 5.5 percent against seven European currencies on Friday, sending the dollar to its worst day in Germany and Switzerland. The dollar fell over 2 percent in Frankfurt and nearly 3 percent in Zurich, recording record closings of 2.4250 marks and 2.94 Swiss francs. The move added monetary uncertainty and raised costs for U.S. troops and travelers, signaling doubt about stabilizing efforts.
MENTIONED IN THIS ARTICLE
Bonn
Germany
West Germany
Switzerland
Frankfurt
Zurich
E US
Europe
Tate
U.S
Watergate hearsay admissible in many conspiracy cases
Senate committee lawyers say most hearsay testimony todate would be admissible in a conspiracy trial if other evidence shows a conspiracy existed. They note that figures like James W Metord Jr and Frederick C LaRue have given testimony tied to the Watergate cover up while acknowledging limits on what a court would admit.
MENTIONED IN THIS ARTICLE
Washington
Senate
Spiro T. Agnew
Committee
Samuel Cash
Sam J Ervin Jr
D-N-C
Cash
Frederick C LaRue
Nexon
Atty
John N. Mitchell
Dash Sad
Watergate
James W Metord Jr
Cl Br
McCord
Mitchell
Fred Thompson
White House
John W. Dean III
Nixon
Howard H. Baker Jr
R-Tenn
Baker
Oliver Wendell Holmes
Nixon Concession Accepts Indochina War Cutoff Plan
Washington AP President Nixon's 46 day halt offer for Indochina war activity was accepted by a divided Senate as a rider to stopgap funding. The House had already approved the compromise in a separate bill. The plan hinges on congressional authorization and caps bombing through August 15 with no escalation during the period.
MENTIONED IN THIS ARTICLE
Washington
Nixon
U.S
Indochina
Congress
Senate
House
Mike Mansfield
Edward M. Kennedy
D Mass
J. W. Fulbright
D-Ark
Senate Foreign Relations
Fulbright
White House
Foreign Relations Committee
Cambodia
Frank Church
D-Idaho
Thomas F. Eagleton
DMO
North
South
Vietnam
Pentagon
Laos
South Vietnam
Gerald R. Ford
The Quipster Humble income secrecy drains effort
The Quipster notes people struggle with low pay as they spend heavily to guard their secret. It highlights the irony of balancing frugality with concealment and the burden of financial strain on daily life.
Interest Rate Hits 8 Per Cent
The Federal Reserve lifted the discount rate from 6.5 to 7 percent, the highest since May 1921, and raised reserve requirements on most demand deposits by 0.5 percentage points to curb rapid credit expansion.
MENTIONED IN THIS ARTICLE
Washington
Reesey
Bosraminyedt
Comene
New York Federal Reserve Bank
Federal Reserve tightens policy to curb inflation
The Fed raises the discount rate to discourage borrowing and boosts reserve requirements, forcing banks to hold more cash relative to deposits. The moves aim to slow lending and cooling price pressures amid Nixon era wage price controls set to follow, with effects starting July 19 computation period.
MENTIONED IN THIS ARTICLE
Federal Reserve System
Chilean uprising crushed as Allende era restored
Rebels with tanks and machine guns attacked the presidential palace in Santiago. Loyal troops quelled the revolt, declared a state of emergency, and arrested leaders and several officers. Seven dead, two wounded, six civilians among the killed, and a night curfew imposed as the government blamed right wing factions.
MENTIONED IN THIS ARTICLE
Santiago
Chile
Fatherland and Liberty’ Organization
Col. Aupet
Allende
Prie
Fidel Castro
Cuba
Argentina
Mexico
Sanago
Bulleti :N
Plaza Constitution
Carabineros
Defense Ministry
Bulnes
Sentnes
Romney
Astronauts Say Space Travel Is For Almost Everyone
Three new space heroes in the Odessa American affirm that space travel is within reach for many people. The article profiles Amencas’ hopes and the broader push to open space exploration to a wider audience.
MENTIONED IN THIS ARTICLE
Amencas
Congress Halts Foreign Aid Amid Senate Cut
The Senate voted 52 to 43 to halt new foreign aid projects and commitments for three months, trimming Agency for International Development salaries and admin costs. Fulbright pressed to remove admin retrenchment, aiming to block a $770 million foreign military aid bill. The continuing resolution would allow $10 million annual military and credit sales, based on two-year-ago authorization, pending House-Senate conference.
MENTIONED IN THIS ARTICLE
Washington
Senate
Fulbright
House
Social Security Bill Stalled in House Fight
The House blocked a compromise bill that would raise Social Security benefits 5.6 percent and extend the debt limit to avert a fiscal crisis. The 190-185 vote sent the measure back to a Senate conference, with Republicans warning of a veto over the cost and lawmakers complaining of unrelated riders. The package would also raise benefits for aged, blind, and disabled, while threatening a looming $400 billion debt ceiling, as Treasury funds near depletion in weeks without extension. House Chairman Mills said a new compromise could emerge soon, possibly a simple bill restricting debt extension and benefit increases for about 30 million recipients.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Nixon
Senate House
Treasury
Congress
Terese
Wilbur D. Mills
D-Ark
Ways and Means Committee
Also Mentioned on This Page
David Rowch
Cpa
Church Call
Agency For International Development
Chatman
Faron
House-Senate
Chicago
el Paso
Fort Worth
Galveston
Marta
New York
Obishoma City
Anton
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