Commerce Leading Indicators Drop Signals Sluggish Economy
The Commerce Department reports the Leading Economic Index fell 0.4 percent in July marking the third decline in four months. Revised figures show declines in June and April with a modest May rise, signaling possible recession concerns as weak data persist despite a slight improvement in oil trade costs.
MENTIONED IN THIS ARTICLE
Eileen Alt Powell
Associated Press
Washington
Commerce Department
Economy shows improving signs amid recession fears
The latest index indicates fewer delivery delays from suppliers and declines in contracts for plant and equipment and building permits, while work week and stock prices improve. The economy probably began contracting in the second quarter, marking multiple postwar recessions, with the U.S. trade deficit for seven months at 12.9 billion dollars versus 20.1 billion last year and crude output rising to 245.9 million barrels in July.
MENTIONED IN THIS ARTICLE
Commerce Department
Adren Cooper
U.S
Governor inspects coast as oil spill woes grow
Gov Bill Clements visits Texas coast amid fears of tropical development from the Mexico oil spill. Coast Guard task force reports tar balls on Long Island in Laguna Madre as scientists warn of potential environmental impacts and weather could hinder cleanup efforts.
MENTIONED IN THIS ARTICLE
Mexico
John Robinson
Robinson
Bill Clements
Coast Guard
Roger Madson
Gulf of Mexico
Austin
Texas
Elena
Laguna Madre
Long Island
Hans Stuart
U.S. Fish and Wildlife Service
McCrory testimony deferred in Davis murder for hire case
Prosecution in Cullen Davis murder for hire case reordered its witness lineup after a midnight strategy session. FBI photographer George Ridgley will next be called, with McCrory’s testimony deferred. tapes of two parking lot meetings form key evidence in the trial linked to the jurist Joe Eidson and a planned hit list.
MENTIONED IN THIS ARTICLE
Fort Worth, Texas
Fort Worth
Cullen Davis
FBI
David McCrory
Jack Strickland
John Bankston
George Ridgley
Davis
McCrory
Kidson
Eidson
Gray
Pecos youth gets 18 year term for three burglaries
Juan Luis Rodriguez Bejarano of 403 S Walnut Pecos received 18 years in 1438th Judicial District Court after pleading guilty to three Pecos burglaries dated Aug 5 at Pecos Furniture Store and J C Penney. He got six years on each count to run concurrently plus six more for a January 31 burglary. Furth er, probation was revoked and six years for the earlier burglary will be served concurrently with a Littlefield revocation in Lamb County. Casimiro Orona of 110 S Locust was given five years for an aggravated knife assault on June 9 in which Albino Tarango was wounded. Orona indicted pleaded guilty to a third degree felony.
MENTIONED IN THIS ARTICLE
Pecos
Juan Luis Rodriguez Bejarano
S. Walnut
Judicial District Court
Walter Holcombe
S. Oak
J.C
Casimiro Orona
S. Locust
Albino Tarango
Ona
Littlefield
Lamb County
Ment
Austin
Ample gasoline supply seen for weekend holiday
In its final weekly fuel availability report for the summer the AAA Texas Division says motorists should have no difficulty finding gasoline over Labor Day weekend. Of 421 stations surveyed 7 percent reported at least one grade out, up from 5 percent, with state price averages rising modestly.
MENTIONED IN THIS ARTICLE
Houston
American Automobile Association
Texas
AAA
Pecos resident jailed for forgery and murder attempt
Domingo Franco Saenz of Pecos was sentenced to four years for forgery by passing and five years for attempted murder, to be served concurrently, after pleading guilty to the attempted murder charge. Geronimo Hignojos of Pecos received a three year sentence for threatening two deputies with a knife during a parole violation arrest.
MENTIONED IN THIS ARTICLE
Pecos
Domingo Franco Saenz
Saenz
Ruben Tarin
Reeves County
Lawrence Fuller
Turin
S. Pecan
Geronimo Hignojos
Lindsay Road
Reeves County Sheriff's
Pecos area warm and clear with possible evening storms
Temperatures rise slightly through Thursday under mostly clear skies with some partly cloudy intervals. Pecos and surrounding areas report a high of 100 degrees Tuesday and a low around the 60s to 70s, with Thursday highs in the 90s to near 100 in the far south.
MENTIONED IN THIS ARTICLE
Pecos
Texas
Judge cancels jury duty in Reeves County court
Judge Lawrence Fuller of the District Court of Reeves County announced this morning that jurors instructed to report tomorrow have been excused. Jurors need not report until notified to do so.
MENTIONED IN THIS ARTICLE
Lawrence Fuller
District Court of
Reeves County
Also Mentioned on This Page
Organization of Petroleum Exporting Countries
Tration
Carter Economide Cav
Imnarte Maan
Pecos High School
Elva Salgado
Jaime Rodriguez
Tony Herrera
Angie Contreras
Robert Hinojos
Brownsville
Davis Case
Joe Eidson
Dallas- Fort Worth
San Antonio
Waco