Falling interest rates cast no light on future
Rates slide to multi decade lows with banks predicting further declines yet no immediate economic rebound seen. Reagan set to deliver a non partisan address on the economy while Democrats claim networks grant free air time for a pre election pitch. Four major banks cut prime to 12 percent and federal home loan rate ceilings ease to 12.5 percent. Treasury six month bills yield drops to 7.734 percent improving savers returns. Analysts say easier credit could boost retail sales and consumer borrowing may rise in coming weeks.
MENTIONED IN THIS ARTICLE
Associated Press
Reagan
Treasury
John Morrison
First Union National Bank
Charlotte
N.C
Dow Jones
New York Stock Exchange
Federal Housing Administration
Veterans Administration
Hepatitis spread tied to local schools and area wells
Health officials note an uptick in hepatitis cases clustered at Ector Junior High and the northwest town area. Doctors warn transmission via body fluids and sweat and urge precautions while the county seeks further data from area physicians and water sources.
MENTIONED IN THIS ARTICLE
Russel
Ector Junior High
Ector
al Oglesby
Oglesby
Russol
Mexico
Ector County
Sweetman
Odessa
Health Department
William Furst
David Reddell
Greenspan warns no sign of economy rebound in Boston talk
Alan Greenspan told Boston developers that despite lower rates there is no evidence of improvement in the overall economy. High rates past three years have spurred bankruptcies layoffs and factory closings. If rates stay low relief could help lead to recovery and investors expect a turn. The Dow fell 9.11 to 1003.68 as markets showed mixed gains and losses.
MENTIONED IN THIS ARTICLE
Alan Greenspan
Boston
EPA absolves Shell refinery from tougher pollution standards
McNeill notes pollutants evaporate on site with 20 fine-spray sprinklers over a 150 acre diked area. Water remains damp and is moved between sprinklers to avoid saturation. EPA says Texas Water Resources issued a permit and that best practicable technology rules are already stringent enough. refiners discharge 130 billion gallons of wastewater annually and current controls remove 96 percent of toxic pollutants.
MENTIONED IN THIS ARTICLE
EPA
Shell
Texas Department of Water Resources
Inflation Climb Surfaces in 1980s Echoes 1970s Highs
The CPI shows double digit inflation in 1980 and 1981 with 13.5 and 10.4 percent, while 1974 hit 11 percent and 1972 was 3.3 percent. If 1982 stays under 10 percent, the achievement is notable but not extraordinary compared with much of the 1970s. The housing market mood also gains from perspective.
MENTIONED IN THIS ARTICLE
Health Department
Ford Sweetman
Botched armored car robbery in the Bronx claims one life
Four armed bandits killed guard Anthony Locicero and wounded Renaldo Roman during a Bronx milk company heist. About $35,000 was stolen while the third guard remained unhurt and a bystander was struck. Roman is listed in critical condition at Jacobi Hospital. Locicero was 56.
MENTIONED IN THIS ARTICLE
New York
FBI
Bronx
Anthony Locicero
Renaldo Roman
Jacobi Hospital
Susan Mueller
Odessa American publication and delivery notice
The Odessa American announces home delivery daily and Sunday and Sunday only options with annual rates. Subscriptions listed include daily and Sunday packages at $73 per year and Sunday only at $39, plus other weekly and half-year figures. Address changes go to P O Box 2952, Odessa Texas.
MENTIONED IN THIS ARTICLE
Fourth Street
Odessa
Texas
Odessa American
P.O
Weather Averages Fair Cool With Warmer Weekend Across Texas
Skies were fair across Texas as showers tapered Tuesday. Southeast Texas had low clouds fog and drizzle before dawn. North and West Texas saw fair to partly cloudy conditions with highs mostly in the 60s to 70s. Readings from Midland show a high of 54 and a low of 41 with 0.05 inches of precipitation in the last 24 hours. Extended outlooks forecast highs in the 70s to 80s and lows in the 40s to 60s statewide.
MENTIONED IN THIS ARTICLE
Texas
College Station
Lufkin
North
South
National Weather Service
Midland Regional
South Texas
West Texas
Big Bend
Also Mentioned on This Page
Commerce Department
International Harvester Co
Rock Island, Ill
Deere & Co
Harvester
Chrysler Corp
United Auto Workers
Furst
Reddell
Oslo
Norway
Alva Myrdal
Sweden
Alfonso Garcia Robles
Myrdal
Garcia Robles
Nobel Committee
Egil Aarvik
Mexico City
el Nacional
Livingston
Federal Register
Cape Canaveral
Fla
NASA
Challenger
National Space Technology Labs
Mississippi
Kennedy Space Center
Rockwell International
U.S
Washington
National Center On Health Statistics
The
Commericican
Abilene
Inoaa
Dept. of Commerce
Alice Longview Amarillo
Lubbock
Austin
Beaumont
Marfa
Brownsville McAllen Childress
Midland
Palacios
San Angelo
Corpus Christi
Dalhart
San Antonio
Dallas
Stephenville
del Rio
Texarkana
el Paso
Victoria
Fort Worth
Waco
Galveston
Wichita Balls
Houston
Wink
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