Texas Air duo faces domino bankruptcy risk in West Texas market
An Arthur Andersen audit warns that Continental Airlines bankruptcy could trigger a TI collapse in a domino effect. TI officials cite Braniff’s exit and rising demand as mitigating factors while announcing Midland Regional route changes and a June 1 service link to Houston Denver and El Paso. Continental plans to exit Midland Regional May 31 ending direct 727 service to the Permian Basin.
MENTIONED IN THIS ARTICLE
Texas Air Corp
Odessa- Midland
Continental
Texas International Airlines
Braniff
James O’donnell
Midland Regional
West Texas
Permian Basin
Midland Aviation
Wilson Banks
Houston
Denver
el Paso
Banks
Texas Air
Continental Airlines Corp
Continental Airlines
Arthur Andersen & Co
Texas International
O’donnell
Odessa city budget proposal sets record
A record 1982-83 Odessa city budget of more than 47 million dollars will be examined next month. The plan, driven by oil boom growth, calls for 100 new city employees and potential increases in sewer water and trash rates though specific utility hikes are not yet set. Officials expect revenues around 41 million and anticipate council cuts. The budget includes 3 million more for salaries and benefits, mainly for police and fire, with 64-66 new police positions and 15 new fire department posts for a North Odessa station to speed responses.
MENTIONED IN THIS ARTICLE
Chester Nolen
Odessa
Nolen
Alan Stewart
Budget lead hard to call in House gives many plans
Five competing budget proposals emerged in the House of Representatives amid a months-long stalemate over Reagan 1983 spending. No plan has enough votes to pass. The Bull Weevils backed bipartisan proposal would cut deficits more, raise taxes less, and shrink social programs while boosting defense. Notable Texans Phil Gramm and Charles Stenholm are among its supporters.
MENTIONED IN THIS ARTICLE
Anne Swardson
Dallas Morning News
Washington
House of Representatives
House
Senate Republicans
Reagan
House Budget Committee
Texas
Phil Gramm
College Station
Charles Stenholm
Stamford
Oil purchases probe widens at Texas Railroad Commission
Chairman Jim Nugent says more than 100 firms are illegally buying Texas crude without nominations. He notes no figures on volume yet and warns letter notices will demand compliance or face penalties. Major buyers requested 2,472,039 barrels a day for June, up 19,446 from May.
MENTIONED IN THIS ARTICLE
Austin
Jim Nugent
The
Railroad Commission
Oil and Gas
Commission
Texas
Nugent
White House a Stranger to Bad News Falklands Crisis
AP News Analysis by James Gerstenzang examines how the Reagan White House keeps negative Falklands news away from the president. Officials say diplomacy occurs mainly at the UN and through the State Department while the White House avoids public association with bad news.
MENTIONED IN THIS ARTICLE
James Gerstenzang
Associated Press
Washington
Falkland Islands
Reagan
White House
State Department
United Nations
Also Mentioned on This Page
Dugway Proving Ground
Utah
Europe
Air Force
North Odessa
93Rd Street
Rainbow Avenue
Charles Roemer
D-La
D-Texas
Energy Report
Falklands
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