Fed cuts rate to 7 percent signals easing across banks
The Federal Reserve lowered its discount rate to 7 percent the lowest in eight years, prompting major banks to reduce prime rates as unemployment rose to 7.3 percent in February. Analysts expect home mortgage and other rates to fall, aided by lower oil prices and overseas central bank cuts in Germany and Japan.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Labor Department
Fed
The
West Germany
Japan
Jobless rate increases in Texas amid oil price concerns
In Dallas, U S Sen Lloyd Bentsen cited a rising unemployment figure while urging an energy policy to stabilize oil prices and prevent a worsening trend. He warned the month to month rise may not signal a longer term trend, with comments echoed by Southwest regional commissioner Bryan Richey.
MENTIONED IN THIS ARTICLE
Dallas
Texas
U.S
Lloyd Bentsen
Southwest Regional
Bryan Richey
Oil hands look to military It's more than just an
A fragment hints at a MILITARY feature on page 24 focusing on oil industry roles in defense, with emphasis on the broader strategic link between energy work and national security.
Gas prices fall as crude dips hit Odessa stations
Odessa motorists see regular gasoline below 84 cents a gallon as crude oil prices plunge. Stores in Odessa offer 83.9 cents while others struggle to compete. An Austin spokesman confirmed Texas Attorney General involvement after a Texas Service Station Association complaint. Sul Ross State University may drop summer operations to four days weekly due to a 13 percent state budget cut order from Gov. White. North Odessa land gifted for a golf course and municipal park may impose costs on taxpayers as developers pledge funding.
MENTIONED IN THIS ARTICLE
Odessa
Austin
Texas
Sul Ross State University
Sul Ross
Mark White
Sul
Major candidates lure most dollars in city race
Deputy City Secretary Cindy Weir said candidates in the mayoral race reported fundraising through February 24. Foreman a 3 year contractor and J L Barnett, chair of a detergent firm, led with large donations. Bonner accumulated various contributions including 100 from Betsy Triplett Hurt and others from real estate, law, and business figures. The report also notes 150 from Jim Nelson and Steve Late and 200 from the Texas Women’s Political Caucus of the Permian Basin.
MENTIONED IN THIS ARTICLE
Cindy Weir
J.L. “Barney” Barnett
Ontiveros
Bonner
Wayne
Nancy Chambers
Texas Women’s Political Caucus
Permian Basin
Perry Davis
Jim Nelson
Steve Late
Betsy Triplett-Hurt
Ector County
James “Buzz” Hurt
Niki Reynolds
Richard Buck
Tom Melton
Glenn T. Hunt
Joel
Also Mentioned on This Page
Federal Reserve
Hte
Che
Manhattan
Baker
Service Station Association
Steve Ee Se
Lone Star Service Station Association
Baron
Ross
Jack Humphries
North Odessa
Buddy Watson
Doyle Weatherby
Week In Review
Carter
Cole
Cox
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