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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Oct 28, 1998
Page
1
In a 5A briefing, President Clinton and Vice President Gore vow to safeguard and emphasize women’s role in Social Security policy. They stress inclusion of women’s retirement security in upcoming discussions and advocate ongoing attention to gender equity in benefits.
Tornado warnings and threatening skies darkened the Permian Basin with reports of a twister 27 miles west of Kermit and a developing touchdown southeast of Orla in Reeves County. Unconfirmed reports came from Crane Culberson and Reeves counties while most area counties were under a tornado watch.
Winds threaten the annual parade as air balloons face possible grounding despite new size and design rules. Mayor Rudolph Giuliani warned Tuesday that gusts could shut down the procession to protect crowds and participants. A separate Illinois sighting shows Asian ladybugs seeking winter crevices on a Springfield building, with distinctive nine spots per side.
Odessa College officials report a 1.5 million profit from selling four derivative investments since late August. Vice President Virginia Chisum told the board that the portfolio gains as interest rates drop, reflecting the inverse relationship of derivatives to rates and the college's past losses turning into income.
In early 1994 OC faced financial peril as its investment portfolio lost half its book value amid rising interest rates. Derivatives tied to assets like stocks and bonds slowed to policy limits, but officials held until maturity. A $5.77 million sale funds TexPool, while about $18 million in seven derivatives remain. OC plans more sales, seeking positive net returns.
Hurricane Mitch plowed through the western Caribbean hammering coastal Honduras and Belize with heavy rain and top winds, causing trees to topple and forcing thousands to evacuate. Ten deaths were reported as President Flores Facusse ordered high alert and troops deployed.
Hobbs police defend officers after relatives of a child run over by an oilfield truck in Hobbs fight inside Lea Regional Medical Center ER. The 6 year old died. Relatives were allegedly restrained with pepper spray and handcuffs amid violent confrontations. mother Cynthia Salazar criticizes city leadership as racial tensions mount.
President Clinton said the Serb pullback from Kosovo is a hopeful moment but not a guarantee of a peaceful settlement with ethnic Albanians. NATO retains authority to strike if Milosevic reverses the withdrawal, with Albright promising swift action if forces return.
Ector County Sheriff Reggie Yearwood asks commissioners to approve modifications to isolation cells to house inmates with airborne diseases like tuberculosis. He notes three TB cases among county inmates in five weeks and questions the source of the outbreak.
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