Page 3 of 8 Nov 2008 Issue of Odessa American in Odessa, Texas

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Odessa American (Newspaper) - November 8, 2008, Odessa, Texas Saturday november 8,2008 Odessa american 3a jobless ranks reach 10 million most in 25 years economists politicians disagree on Short term future Pink sups a some 1.2 million jobs have disappeared in 2008 and almost half have gone in the last 3 months alone. The associated press Washington the nation s jobless ranks zoomed past 10 million last a month the most in a Quarter Century As piles of Pink slips shut factory Gates and office doors to 240,000 More americans with the holidays nearing. Politicians and economists agreed on a painful Bottom line it s Only going to get worse. The unemployment rate soared to a 14-year High of 6.5 percent the government said Friday up from 6.1 percent just a month earlier. And there was More grim news from . Automakers. Ford motor co. And general motors corp., american giants struggling to survive each reported big losses and figured to be announcing even More Job cuts before Long. Barack Obama in his first news conference As president elect said the nation was facing the economic Challenge of a lifetime but. Expressed Confidence he could Deal with it. Immediately after i become president i m going to confront this economic crisis head on by taking All necessary Steps to ease the credit crisis help hardworking fam Ilies and restore growth and pros1 purity he said after meeting with economic advisers in Chicago. I m confident a new president can have an enormous Wall Street revived somewhat after two Days of big losses. The Dow Jones industrials Rose 248 Points. Still the labor department s unemployment report provided Stark evidence that the Economy s health was deteriorating at an alarmingly rapid Pace. The jobless rate was 4.8 percent just one year ago. About 10.1 million people were unemployed in october the most since the fall of 1983. More people have jobs now since the Popula tion has grown but it s still a staggering jobless figure. With employers slashing jobs every month so far this year some 1.2 million positions have disappeared More than half in the past three months alone. Like Obama president Bush expressed Confidence that things would get better. Our Economy has overcome great challenges before and we can be confident that it will do so again Bush said. But economists were much less upbeat than politicians. There is no Light at the end of the Tunnel and the Outlook is pitch Black said Richard Yamarone economist at Argus research. Unemployment the nation s unemployment rate has reached a 14-year High seasonally adjusted 7 percent apr. 1994 a 6.4% source department of labor a on the net a crude futures level off after Sharp drops Iea predicts increased world demand and higher prices during the next 20 years the associated press Columbus Ohio Oil prices were sedentary Friday after this week s giant sell off despite a government the unemployment rate hit a 14-year High last month and predictions from an International Energy Agency that put the Price of crude at $200 per barrel by 2030. Light Sweet crude for december delivery Rose 27cents to Settle at $61.04 a barrel on the new York mercantile Exchange. But the contract dropped below $60 in overnight electronic Trad do is a compilation of some Reader comments on local stories. Comments Are not edited for Content or grammar. Want to sound off on a Story or Issue once you be registered at our website scroll to the end of any Story and Tell us what you think. A vj�i1 the following results Are As of11 30 . The Story on thursday jurors took 30 minutes to sentence 31-year-old Rickey Dalbert to two life sentences for aggravated robbery and aggravated assault. Dalbert pleaded guilty to the charges tuesday in judge Stacy Trotter s 244th District court. The link 2702_article.html/diazjustice.html the poll do you think Rickey Dalbert s sentence was appropriate a yes 100 percent 8 votes. A no 0 percent 0 votes. The Story Gary Vest economic development director for the Odessa. Chamber of Commerce said the chamber is going to work to find someone to buy Flint Hills resources. The link 2270 3_article.html/hills_flint.html the poll do you know someone whose Job is affected by the closing of the Flint Hills Plant  yes 91 percent 11 votes. No 9 percent 1 votes. Sen. Lieberman in talks about gop Alliance the associated press Washington Senate Republican Leader Mitch Mcconnell is talking to Connecticut Independent sen. Joe Lieberman about the possibility of Lieberman Ca Cusing with the gop. Lieberman s affiliation with democrats is up in the air. Senate majority Leader Harry Reid of Nevada angered by Lieberman s support of Republican Johari Mcgain for president is considering yanking Lieberman a chairmanship of the Senate Homeland Security and governmental affairs Cornit Gary Vest economic Developer for the 0cc ing for the first time 19 months. The . Labor department said Friday that the country s unemployment rate hit 6.5 percent in october As another 240,000 jobs were Cut Matching the worst jobless rate since March 1994. So far this year a staggering 1.2 million jobs in the . Have disappeared. The Job losses Are yet another sign that the country is in a recession and that Consumers and businesses will Ajit Back on Energy use. Most Industry experts however think that the decline in crude prices will not last. The International Energy Agency on Friday nearly doubled its forecast for the Price of Oil during the next 20 years citing rising demand in the developing world As Well As surging costs of production. A according to a summary of its world Energy Outlook the Iea hiked its forecast for the Price of a barrel of Oil in 2030 to slightly More than $200 in nominal terms compared with its forecast last year of $108 a barrel. Measured in constant dollars the Iea forecasts Oil at $120 a barrel in 2030, up from last year s forecast of $62. On the net. A International Energy Agency v ruins 6th annual Oak birthday tarty shake Russell band and a full pay of fur Ciji Rrime at 5"p a $ the Mustangs with. Bill Ervin hybrid. Child i snowed Evans Day of revelation tree top flyers f f country Don Etheridge Harmonica Bob Miner j of Charles Davis Tommy Pool Lane Frizzell Steve Smith \ Tony Smith Royce Mitchell & the Kitchen Sisters. I food & beverages by Zucchi s at 7th and s. Grandview Odessa $15 cover children under 12 free sounds & lights provided by Lake City music. Gun barrel City Texas Munraj american new fall arrivals widths san a sizes 5 to 11 00 off entire Stock colors Navy Black brow Pewter Bronze chocolate Scott s our thank you to veterans & Active military families furniture & bedding 5%off appliances electronics saturday through tuesday. Must show military id to receive discount non living room items. Contemporary 5 pc sectionals run group consist of two chairs with arms two armless sections and one ottoman. Covered in Chenille velvet Brown. T list Price $3649.99 90-154-a 1980 cd Lane leather touch Rocker Rocker mushroom Burgundy or Brown leather Vinyl. List Price $1049.99 85-73-00/01/02 $4" 00 free Lane essentials leather touch chair & ottoman swivel and reclining Comfort. Merlot or beige leather Vinyl. List Price $899.99 85-64-00/01 52" Braziar w series Sony Blu Ray cd Flat panel How egg a  169 full he l��252hhs59hbb ,v�0jilt, with Purchase 1920x1080p cd panel of to nos to $2799.99 72-301-2 Lane motion group available in several different configurations. You decide what your room needs. List Price $3799.99 63-049-0/1/6 reclining sofa to console $899.99 tables available 94-802-0/1 reclining sofa with console 899.99 Queen Sleeper 899.99 $217000 Toshiba Rezar 1080p he cd to  Dyn alight dynamic Back Light control  built in ats it Soham digital tuning  Colo Stream he component video inputs 2 46" cd a div $1399.99 70-153-4 40" cd a div 999.99 70-153-3 Cognac Nailhead leather sofa antique Nail trim and unique leather stitching. List Price $2599.99 60-463-0 other pieces available $117000 a Sii req sofa o interest for 12 a minimum Purchase of $999 with no Down payment finance charges will be shown on contract but will be refunded on any length contract if monthly payments Are paid on time As agreed and the balance is paid in full on or before 12 months from Date of Purchase. 4 lacks h 0 m e f u is i n g s new hours. It a monday Friday 10-8 saturday 10-7 2004 East 42nd  366-1114 sunday 1-6 visit Acksah subject to credit approval. Offer does not apply to previous purchases. Any insurance charges will be earned from Date of Sale. Interest charges will be assessed from Date of Purchase at a maximum apr of 71 re to the w e l l t a k e b e t t e r care of you. A

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