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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Sep 29, 1981
Page
1
Two teams with 12 records met Monday night in a nationally televised game. The Rams won 24 to 7 over the Bears as Chicago struggled throughout the contest. The post game analysis appears on Page 1B.
Texas Supreme Court rules Amoco Produc tion Co failed to secure a Rule 37 permit in Hastings West Field Brazoria County, leading to premature water out of wells. The ruling, issued unanimously, assigns liability for lost oil profits to royalty owners and signals higher costs and more permit requests for oil operators. John Camp of the Oil and Gas Division declined immediate comment.
Wall Street recovers from a worldwide stock nosedive as Dow Jones rises, London and Tokyo rebound, and General Electric gains about 7 percent in early trading. The scene on Manhattan's 11th floor showed shouting and anxiety giving way to cautious optimism.
The Reagan administration plans a three month refugee interdiction with Haiti to halt the boat flow in international waters with Coast Guard patrols and informal shipboard hearings. Critics raise constitutional questions and concerns about asylum authority and costs while Florida lawmakers warn of strain on resources. A separate probe in Miami investigates reports of Haitians sold into indentured servitude after transport to the United States.
Washington AP Caspar Weinberger released a 99 page defense booklet on Soviet strength amid calls for deeper military cuts. The charts cite growing Soviet capability, especially in aircraft production and SS-20 missiles. New data show 250 SS-20s with 750 warheads deployed, including 175 missiles targeting NATO Europe.
The new tax law lets any wage earner invest up to $2,000 yearly in a personal IRA, deductible from income with no tax on gains until withdrawal. IRAs, offered by banks, brokerages, mutual funds, and insurers, can be combined with company pensions and Keogh plans.
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