1979 Economy Defies Recession Predictions With Growth
The Commerce Department reports 1979 grew 2.3 percent, with 4th quarter at 1.4 percent. Consumer spending buoyed the economy while inflation remained high. Savings rate hit a postwar low of 3.3 percent in late 1979. GNP reached $2.3685 trillion, inflation 8.6 percent in Q4.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Treasury
G. William Miller
Courtenay Slater
Department
Shah blames oil firms for fall in televised interview
In a 20 20 interview with David Frost aboard a Panama refuge, Shah Mohammad Reza Pahlavi reiterates he has not renounced his claim to Iran’s Peacock Throne and accuses U S oil companies of driving his overthrow. He says profits and conspiracy theories fueled by foreign oil interests contributed to the 1979 revolution.
MENTIONED IN THIS ARTICLE
New York
Iran
U.S
Mohammad Reza Pahlavi
David Frost
Frost
Shah
ABC
Ayatollah Ruhollah Khomeini
United Nations
Panama
Nancy Arvay
Socal
Khomeini
United States
Tehran
Clements weighs suit to test White veto ruling
Gov. Bill Clements says he may sue to challenge Attorney General Mark White's opinion upholding hidden legislative appropriations. He cites plans to seek relief in the Texas Supreme Court if needed. White's ruling held he lacked authority to veto a 1979 appropriation for a $40 million Department of Human Resources building from federal funds.
MENTIONED IN THIS ARTICLE
Garth Jones
Associated Press
Austin
Texas
Bill Clements
Mark White
Texas Supreme Court
Clements
White
Department of Human Resources
Supreme Court of Texas
Robert Bernstein
Pelican Island
Galveston
Todd Shipyards
California
Reeves-Loving County Junior Livestock Show set to begin
Officials finalize plans for the Reeves Loving County Junior Livestock Show to run from Friday January 25 at the Fair Barn on Cedar Street. One hundred twelve exhibitors are slated to participate.
MENTIONED IN THIS ARTICLE
Reeves-Loving County
Fair Barn
Cedar Street
Texas
E.P
Buster’’ McCall
Palestine
James R. King
Associated Press
West Texas Cloudiness and Mild Temperatures Forecast
The forecast calls for increasing cloudiness and mild conditions across West Texas today. North areas will be mostly cloudy with scattered showers tonight and Saturday, higher shower chances in the north, while the south remains partly cloudy. Highs range from the upper 50s in the north to the upper 60s in the south, with 70s in the Big Bend region. Lows span the Panhandle to the mountains in the lower 30s to mid 40s elsewhere. Saturday highs expected near 40 in the Panhandle to the low 60s in the south and lower 70s in the Big Bend.
MENTIONED IN THIS ARTICLE
Big Bend
Panhandle
Bentsen backs moving the Olympic Games abroad
Senator Lloyd Bentsen urged moving the Summer Olympics from Moscow in response to the Soviet invasion of Afghanistan. He supported Carter's grain cut and promote export growth, calling for looser restrictions to aid U.S. companies and a global Corrupt Practices Act framework. He chairs the Joint Economic Committee and foresees a spring report on Far East trade.
MENTIONED IN THIS ARTICLE
Sou Sussman
Associated Press
Washington
Lloyd Bentsen
Moscow
Soviet Union
Afghanistan
Texas Democrat
Bentsen
Far East
Carter
Joint Economic Committee
Taiwan
Philippines
Hong Kong
South Korea
U.S
JEC
U.S. Chamber of Commerce
State Department
Governor studies Bob Hayes parole decision delayed
Gov. Clements says he is reviewing recommendations by the Board of Pardons and Paroles on Bob Hayes paroled from prison. Hayes, a former Dallas Cowboy, is serving two concurrent five year terms for delivering cocaine to an undercover agent, with a March 1979 prison entry and possible release by March if granted.
MENTIONED IN THIS ARTICLE
Austin
Texas
Bill Clements
State Board of Pardons and Paroles
Bob Hayes
Hayes
Clements
Sheriff reports stabbing at Cisco Place incident
Antonio Marquez was taken to Reeves County Hospital Friday at 1 45 a m after apparently being cut with a weapon in a fight at the Cisco Place on East Third according to the Sheriff's Office.
MENTIONED IN THIS ARTICLE
Antonio Marquez
Reeves County Hospital
Cisco Place
East Third
Sheriff's Office
Also Mentioned on This Page
Final Consumer Report
Young and
Holly Barrett
Dot Barrett
Debbi Perkins
Walthall
Mary Urquidez
Robert Hinojos
Gulf Oil
Mobil
Exxon
Standard Oil of California
Texaco
Carla
Bernstein
Bob Bullock
Iowa
Brown
Los Angeles Rams
Pitchureh Steelers
West Texas
Senator Bentsen
Sheriff’s Report
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