Recession signals murky as leading index holds steady
August showed no change in the Commerce Department’s Leading Indicators index, keeping recession prospects cloudy. The index’s components mixed, with four gains and six declines, while Citibank raised its prime lending rate to 13 1/2 percent, a move likely followed by other banks.
MENTIONED IN THIS ARTICLE
Eileen Alt Powell
Associated Press
Washington
Commerce Department
Citibank of
New York
Citibank
Carter plan for fuel called too ambitious says congressional report
A Senate Budget Subcommittee report argues the 1990 target for a synthetic fuels industry is overly ambitious and should be paired with price control lifting and conservation to curb oil imports. It notes conservation and coal use could save more oil at lower cost, while synthetic fuels remain a viable alternative. Senator Gary Hart prepares to release the study.
MENTIONED IN THIS ARTICLE
Washington
Carter
Senate
U.S
Gary Hart
D-Cole
Subcommittee
Witness testifies defense paid him for testimony in Davis case
Jodie Oliver, 30, a convicted rapist and key witness, testified the Cullen Davis defense gave him cash totaling 1090 dollars and hid him in East Texas after a February falling out with Pat Burleson. He denied changing his story for money and said he acted under pressure and was placed on a Davis witness protection plan.
MENTIONED IN THIS ARTICLE
Fort Worth
Davis
Texas
Jack Strickland
Oliver
Houston
Cullen Davis
Debating Coal Costs and Rail Subsidies in Texas
In San Antonio a DOE lawyer and ICC Commissioner clash over rising coal haul rates. Coleman claims ICC rate hikes push subsidies to railroads and echo OPEC, while Christian argues Congress should address transportation subsidies and that ICC rates remain within reasonableness as utilities seek cheaper coal sources.
MENTIONED IN THIS ARTICLE
San Antonio
Texas
Department of Energy
Interstate Commerce Commission
Lynn Coleman
DOE
ICC
Betty Jo Christian
Congress
Federal Bar Association
City Public Service
OPEC
Christian
Texas comptroller freezes tax distribution amid pending opinion
Comptroller Bob Bullock froze distribution of state property tax revenue collected after Sept. 1 pending an attorney general ruling on constitutionality. About $30 million already distributed to 17 state colleges and $40 million planned for a Department of Human Resources building are paused until White issues an opinion. Clements sought both opinions, while Rep. Peveto dropped his suit after a bill phased out the tax in 1980.
MENTIONED IN THIS ARTICLE
Austin, Texas
Bob Bullock
Mark White
Bullock
Department of Human Resources
Bill Clements
White
Clements
Wayne Peveto
D-Orange
Peveto
Dallas
Tony Profitt
Meany to retire as AFL CIO leader this fall
George Meany, 85, founder of the AFL CIO and its president for about 25 years, plans retirement this fall. A spokesman said Meany has suffered ill health since early spring.
MENTIONED IN THIS ARTICLE
Washington
George Meany
Afl-Cio
Allen Zack
Meany
Pecos Dollar Day Offers Special Merchandise Across Town
Pecos readers are urged to shop next Wednesday for special Dollar Day values in Pecos. Stores featuring merchandise include The Mystique Shop Hobbs Office Supply Radio Shack Farnums Jewelry Anthony s F W Woolworth Pecos Furniture Hazels Drapery Wackers JC Penney Williams Department Store Carltons Shoes Norma Jeans and Terrazas Furniture. Sunday's paper will also report the Pecos Eagles Irvin game and include family features.
Investigation into Houston firms hiring illegal aliens
A federal strike force from the Department of Labor is examining Houston businesses that employ undocumented workers to ensure they receive legal wage rates. Ten investigators will also seek back wages for any illegal workers deported, focusing on removing economic incentives to hire undocumented labor. The team began Sept. 10 and will not target individuals for deportation, aiming to push employers toward compliance and resident hiring. Harris County reportedly hosts about 500,000 illegal aliens, with 425,000 in jobs, per INS estimates.
MENTIONED IN THIS ARTICLE
Houston
Bill A. Belt
Department of Labor
Belt
Los Angeles
Immigration and Naturalization Service
Harris County
Fair Weather Through Saturday Across West Texas
Fair skies continue through Saturday with warm afternoons. Yesterday Pecos reached 99 degrees and 54 at night. Eastern Panhandle shows decreasing clouds. mountains in the 40s to 50s, Panhandle upper 80s to lower 90s, south as high as mid 90s.
MENTIONED IN THIS ARTICLE
Pecos
West Texas
Panhandle
Also Mentioned on This Page
United States
Shirley Heard
Pecos-Barstow-Toyah
Arturo Viallalon
Hector Fuentez
Bonnie Benton
Stephanie Karr
Aid
Se¢ Story
Robert Hinojos
Congressional Report
Senate Energy Committee
Burlington Northern
Coleman
Free Beautiful
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