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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Sep 06, 1982
Page
1
The Saturday Labor Day festival at Pleasant Farms drew about 250 music lovers despite 90 degree heat and blowing dust as cowboys relaxed to easy listening. The three day event runs into the weekend with continued entertainment and photos on Page IC.
Toronto AP report says 146 nations begin the IMF World Bank gathering with Pierre Trudeau warning that conditions are worse than any since World War II. Regan and de Larosiere caution, while Clausen calls grim times for both rich and poor as debates over debt, recession, and inflation intensify.
In Soapstone, Elton Hill grocer notes a 50 percent drop in business after 35 years, with the town’s unemployment far above state and national rates. Timber and a nearby paper mill have collapsed, forcing sawmills to shut, leaving workers and families seeking stability in a sparsely populated parish.
AP Labor Writer Merrill Hartson reports a congressionally prepared study warns millions could lose jobs to automation and foreign competition. It urges a national training strategy and says current programs focus too much on young job seekers while neglecting the broader workforce.
President Jose Lopez Portillo hoisted Mexico’s flag atop the Bank of Mexico signaling the first day of government run banking. Banks opened with long lines but little panic while a new currency exchange system slashed the dollar value against the peso and expropriation of the system proceeded.
Two Tucson men, John McHazlett and Bob Walz, were jailed in Mexico after attempting to bring back about 250 gallons of diesel. They were detained by customs in Nogales, held in a federal cell, then in a city jail in Naco and Nogales for five days before release.
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