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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Sep 10, 1982
Page
2
The Labor Department reports wholesale prices up 0.6 percent in August and 7.5 percent annualized, with food barely rising and energy inflation slowing sharply. Gasoline prices cooled from July’s surge while passenger cars jumped 2.4 percent.
Tokyo officials announced a tentative settlement of a two month dispute over Japan's history textbooks with China and South Korea. They approved conditional amendments to passages critics say downplay prewar aggression.
Forecaster says tonight has a 20 percent chance of thunderstorms with partly cloudy skies. Clouds linger through Saturday with rain risk under 20 percent. Weekend winds peak at 15 to 20 mph with gusts. highs mid 90s, overnight around 60. Gale warnings persist along the Texas coast as a Gulf low drifts west.
Dallas Morning News reports that Mexican investors in the United States pause U.S. activity while awaiting Lopez Portillo's 30 day pledge to curb looters of Mexican capital. Counselors in Texas and California note fear of asset repatriation and possible bank records exposure.
A nun laments scarce donations as Mexico's economy stalls and prices surge. Widespread unemployment and subsidy cuts deepen poverty in Tijuana, where residents depend on mission meals. Community voices reflect fear of a worsening future amid rising costs and scarce goods.
Household incomes lag behind new home costs with average prices near 73,600 dollars. A mortgage at 14 percent prices out tens of millions, forcing sellers to subsidize rate buy downs to move properties. Analysts note millions of homes and units are on the market nationwide, prompting broader seller concessions.
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