SEPTEMBER '98 ARCHIVES
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Sept. 30 -- Donnell
Cattle and Wehrmann Angus bring bull sale to Expo Center Nov.
11 (J.T. Smith): Angus breeders
Tommy Donnell of Graham and Nick Wehrmann and Richard McClung,
Jr., of New Market, Va., will hold their second joint bull sale
at 1 p.m. Nov. 11 at the Taylor County Expo Center in Abilene.
Sept. 30 -- New
AOL version a big improvement (Doug Williamson): The newest version of America Online software is
a breeze.
Sept. 30 -- Use
caution when dealing with strangers on the Web (Brian Bethel): Most of us wouldn't go up to a stranger on the
street and start telling them personal details, including how
to get in touch with us whenever they want.
Sept. 30 -- Today
is last day to insure winter wheat:
With all the political noise and hoopla going on in Washington,
some farmers may get too focused on following farm relief proposals
and forget that today is the final day to insure wheat.
Sept. 30 -- Banks
hold off cutting prime rates following Fed move: Once upon a time, banks hopped on the bandwagon
of a Federal Reserve interest rate change with quick adjustments
to their prime rates. No longer.
Sept. 29 -- Izzard
talks of 'uphill battle' for oil and gas industry: Congressional candidate Rudy Izzard said procuring
government aid to insure survival of the domestic oil and gas
industry will be "an uphill battle."
Sept. 29 -- It
is still ostrich month for another day ( J.T. Smith): I guess I should have gotten around to noting this
earlier. But I've been more than just a little busy in September
- especially with the annual West Texas Fair, when my wife says
"J.T. Who?"
Sept. 29 -- Chamber
banquet a sellout (Doug Williamson):
The annual banquet of the Abilene Chamber of Commerce is a sellout.
Even after officials moved it from the conference wing to the
exhibit hall at the Abilene Civic Center, people still gobbled
up the tickets for the Thursday event.
Sept. 29 -- Potential
interest rate cut could spur spending: The
Federal Reserve is expected today to lower the interest rate it
charges banks for short-term funds. Such action could spell lower
rates for consumers.
Sept. 29 -- Last-minute
arrivals expected to put today's Round-Up near last year: As of late Monday, 44 head of cattle had arrived
at Abilene Auction pens on the eve of the 39th Annual Cattlemen's
Round-Up for Rehab slated for 1 p.m. today at the auction.
Sept. 29 -- Companies
offering executive-style perks the rank and file: CHICAGO (AP) - We've all at least heard about profit
sharing, matching 401(k) contributions and, of course, the pay
raise as ways to boost employee loyalty and morale.
Sept. 29 -- Island's
economic woes demonstrate fallout from Japan's bank crisis: SAPPORO, Japan - Torao Kano thought he had enough
money put aside for a comfortable retirement, without having to
depend on his children for support.
Sept. 27 -- October
is packed with big events throughout the Big Country (J.T.
Smith): Fall is here, and hopefully,
cooler temperatures. Certainly by October the weather should become
nice.
Sept. 27 -- Texas
oilmen consider unitization:
When Albany oilman A.V. Jones advocated the pro side of a compulsory
unitization debate 30 years ago, a West Texas oilman opposing
the proposal called Jones "a Communist".
Sept. 27 -- Cody
Carson is man of few words -- but they are clear thanks to Rehab: Like many true cowboys, Cody Carson doesn't say
a lot.
Sept. 27 -- Big
Country Business Notes: News
from around the area
Sept. 27 -- Drought,
worms loom over state's fall crops:
COLLEGE STATION, Texas (AP) -- Recent tropical showers that have
doused large sections of Texas haven't amounted to a puddle in
the state's northwestern wheat-and-cattle belt. And crops that
have gotten rain are prime targets for an anticipated pest invasion.
Sept. 27 -- Reviving
the not-so-wonderful world of Disney:
Michael Eisner, chairman and chief executive officer of Walt Disney
Co., once said every company needs to reinvent itself every few
years. After a long stretch of 20 percent average annual profit
growth, that moment has again arrived for Disney.
Sept. 27 -- Cities
see downtown residential development continuing to grow: NEW YORK -- When Leslie Aun and Buzz McClain moved
from suburban Washington, D.C., to Dallas, they first looked at
what they knew: the suburbs. They even put a deposit down on a
house in Allen, Texas, 20 miles north of Dallas.
Sept. 26 -- ECP
assistance may be available for some area counties (J.T. Smith): The ongoing drought has caused severe hurt throughout
Taylor County, notes Tim Hall, executive director of the USDA
Farm Service Agency for Taylor County, Abilene.
Sept. 26 -- Activity
at old Merchants building happening again (Doug Williamson): The former headquarters and dock terminal of Merchants
Inc. is beginning to see traffic again. Coastal Transport Co.
Inc. has purchased the facilities from the bankruptcy court.
Sept. 26 -- Consumer
spending rebounds in August and income keeps pace: WASHINGTON (AP) - Spending by American consumers
rebounded in August after falling in July because of the General
Motors strikes. Income growth nearly kept up. And sales of existing
homes slipped a bit from a record high.
Sept. 26 -- House
rejects GOP effort to expand president's trade powers: WASHINGTON - The House rejected a Republican-led
attempt Friday to enhance the president's ability to negotiate
trade treaties, as what once was a top priority of President Clinton
became fatally entangled in campaign-season politics.
Sept. 25 -- Farmers
Union applauds President Clinton for farm relief package (J.T.
Smith): The Texas Farmers Union
is commending President Bill Clinton for the administration's
$7.1 billion farm relief package unveiled this week.
Sept. 25 -- Texas
cattlemen wrestle with timely issues in Abilene meeting: Some of Texas' top ranching names and beef industry
leaders were on hand for the Beef Producers Meeting at Abilene
Auction Inc. Thursday night, but the emphasis was on average-size
cattle raisers.
Sept. 25 -- Acquisition
of Azle State bank completed:
Independent Bankshares Inc. completed its acquisition of Azle
State Bank earlier this week.
Sept. 25 -- IRS
approves new taxpayer-friendly mission statement: WASHINGTON - The Internal Revenue Service now has
an official mission statement emphasizing "service"
is its primary job.
Sept. 25 -- New
$20 bills to start circulating:
WASHINGTON - After months of planning and printing, the government
began circulating a redesigned, harder-to-counterfeit $20 bill
Thursday.
Sept. 24 -- Risk
management workshop is Oct. 1 in Abilene ( J.T. Smith): Farming and ranching deals in high stakes. A risk
management and marketing workshop is Oct. 1 in Abilene at the
Taylor County Extension Service office at 1982 Lytle Way.
Sept. 24 -- Golf
courses can be better for deals than offices: Some businessmen say they have the deal in the
bag - the golf bag that is. For years, businessmen, and now businesswomen,
have used the golf course to woo customers.
Sept. 24 -- Big
Country business notes: News
from around the area
Sept. 24 -- New
rules will tell big airlines how to compete fairly with small
ones, official says: WASHINGTON
- Transportation Secretary Rodney E. Slater said Wednesday the
federal government will issue rules early next year to stop big
airlines from using "anti-competitive practices to keep out
low-fare competition."
Sept. 24 -- Fed
approves merger creating nation's largest financial services company:
WASHINGTON - A megamerger between
Citicorp and Travelers Group Inc. won approval Wednesday from
the Federal Reserve Board. The combined company would offer consumers
one-stop shopping for everything from credit cards and checking
to insurance and investing.
Sept. 24 -- Greenspan
signals interest rate cut next week:
WASHINGTON - Federal Reserve Chairman Alan Greenspan ignited a
rally on Wall Street on Wednesday by signaling that he and his
fellow policy-makers will cut short-term interest rates next week.
Sept. 23 -- Drought's
impact on range will be felt well into 1999 ( J.T. Smith): General rains - if they ever come - could still
make it possible to plant some winter wheat pasture to provide
some forage for livestock.
Sept. 23 -- It's
the 1940s all over again (Brian Bethel):
Welcome to the 1940s, all over again. Okay, not literally. But
when it comes to the Internet, we're reinventing the wheel in
some awfully familiar ways.
Sept. 23 -- Make
the most of web sites with free technology (Doug Williamson): Some of today's sites use some of the technologies
available on the Internet to enhance their look and sound.
Sept. 23 -- Crown
Cork plans job cuts, but none at Abilene plant: Crown Cork & Seal Co. Inc. is eliminating 2,700
jobs, or about 7 percent of its work force, as part of a series
of initiatives designed to boost profits and its share price.
Sept. 23 -- SBDC
slates workshop on government contracts:
Government contracts are a good way to get good business. The
Small Business Development Center is sponsoring a free workshop
on Sept. 30 to help people learn how to procure government contracts.
Sept. 23 -- Senate
rejects $1 increase in minimum wage:
WASHINGTON - The Senate today rejected a $1 election-year increase
in the federal hourly minimum wage pushed by Sen. Edward Kennedy
and other Democrats.
Sept. 23 -- Newspaper:
Oil chiefs to meet for world summit:
LONDON (AP) - Heads of some of the world's biggest oil companies
plan to meet in Europe next week to discuss the slump in crude
prices and the growing global economic uncertainty, the Financial
Times reported Wednesday.
Sept. 22 -- Perry
unveils legislative proposals to assist farmers and ranchers
(J.T. Smith): Texas Agriculture
Commissioner Rick Perry has put together a list of proposed federal
measures that, if passed, would offer both short- and long-term
relief to drought-stricken farmers and ranchers.
Sept. 22 -- Capital
big topic at WeCTOGA fall meeting:
The money of oil and gas was the focus of attention at the annual
fall meeting of the West Central Texas Oil and Gas Association
Monday.
Sept. 20 -- Rehab
Club Pig Sale is Oct. 5 at Wylie FFA barn in Abilene (J.T.
Smith): The eighth annual Club Pig
Sale benefiting the West Texas Rehabilitation Center is slated
for 7 p.m. Oct. 5 at the Wylie FFA Showbarn at 4502 Antilley Road
in Abilene.
Sept. 20 -- Breckenridge
volunteer is recognized by Eckerd Corp:
BRECKENRIDGE -- Maude Allison has been named to the The Eckerd
100, a prestigious honor roll sponsored by Eckerd Corporation
that acknowledges the volunteer contributions of 100 women nationwide.
Sept. 20 -- Big
Country Business Notes: News
from around the Big Country
Sept. 20 -- Livestock
Board says bid to import Australian cattle withdrawn: ALBUQUERQUE, New Mexico (AP) -- A bid to bring
5,000 Australian cattle into the United States from Mexico has
been withdrawn after Mexican and U.S. cattlemen opposed the effort,
the New Mexico Livestock Board has announced.
Sept. 20 -- Long-term
investing can be a lonely road:
NEW YORK -- It's easier to understand now why more people don't
get rich making long-term investments in stocks and stock mutual
funds.
Sept. 20 -- Texas
housing markets expected to be strong through end of next year: DALLAS (AP) -- As the summer cooked, so did Texas'
housing market, attributed in part to lower interest rates, a
booming market and strong economy.
Sept. 20 -- Pentagon
accuses insurance company of deceptive practices: WASHINGTON (AP) -- Academy Life Insurance Co.,
one of the largest sellers of life insurance to military personnel,
has been barred from U.S. defense installations after the Pentagon
accused the insurer of deceptive practices.
Sept. 20 -- So
long sabbaticals? Some companies are axing sabbatical programs: Compaq Computer scrapped Tandem's sabbatical program
soon after taking over the company last year. But Tandem managers
were hardly distressed. What to do
on a weeks-long sabbatical? Most veg out
Sept. 19 -- Drought
has taken its toll on most Texas crops (J.T. Smith): The 1998 drought has put the whammy on Texas crop
production.
Sept. 19 -- Radio
veteran calls it quits: Radio
in Abilene is losing one of its strongest voices.
Sept. 19 -- Chrysler
shareholders approve merger of Chrysler, Daimler-Benz: WILMINGTON, Del. -- Chrysler Corp. shareholders
Friday strongly endorsed formation of a new international automaker
by merging with Daimler-Benz AG of Germany.
Sept. 19 -- Housing
construction dips in August after hitting 11-year high: WASHINGTON -- After hitting an 11-year high, construction
of homes and apartments dipped in August but remained on track
for a banner year with mortgage rates at a nearly three-decade
low.
Sept. 19 -- Despite
warnings, Central Bank to pump more money into economy: MOSCOW -- The Central Bank's plan to print more
money to revive the ailing Russian economy prompted warnings Friday
of hyperinflation and a return to Soviet-style restrictions.
Sept. 18 -- Jones
County Farm Bureau meets Monday night in Anson (J.T. Smith): The Jones County Farm Bureau will have its annual
county convention at 6:30 p.m. Monday in the Women's Building
in Anson.
Sept. 18 -- An
Unexpected Twist to Cheap Oil: An Orgy of Drilling: What do oil producers do when oil sells for less
than it costs to pump it? Drill like crazy.
Sept. 18 -- First
in 1998 Cattlemen's Round-Up series fetches $15,947 for Rehab:
Despite tough times for drought-stricken
ranchers, the 1998 Cattlemen's Round-Up for Rehab got off to a
great start Thursday with the first sale of the annual series
at San Angelo.
Sept. 18 -- Dow
loses 216 points as world markets boo central banks: NEW YORK - The Dow industrials slid as much as
235 points Thursday as world stock markets jeered the wait-and-see
stance on the global economic crisis taken by the Federal Reserve
and central banks in other major nations.
Sept. 17 -- West
Texas Fair and Rodeo's economic impact on Abilene seen in diverse
areas: The West Texas Fair and
Rodeo. Is it a money magnet? Or does it siphon off sales that
would otherwise go to Abilene retailers? Largely, it depends on
what kind of business one's talking about.
Sept. 17 -- Plains
Cotton Cooperative announces record cash distribution (J.T.
Smith): Just when drought-stricken
cotton farmers desperately needed some good news, they got some
Wednesday afternoon.
Sept. 17 -- FCC
proposes letting Internet providers use faster modems: WASHINGTON (AP) - It's three bits in the right
direction. The Federal Communications Commission on Wednesday
proposed changing decades-old rules so that digital 56 kilobit-a-second
modems - used by Internet service providers to transmit data to
consumers - are permitted to operate at their maximum speed.
Sept. 17 -- Area
business notes: News from around
the Big Country
Sept. 17 -- Internet
companies campaign for safer cyber transactions: In the usual media hoo-haw about the dangers of
cyberspace and the rise of high-tech criminals, a very telling
statistic was lost.
Sept. 17 -- Reviews
of shareware programs: Troubleshooting
the Internet: These are reviews of shareware programs for IBM-compatible
computers running Windows.
Sept. 17 -- Cut
interest rates without switching cards:
Q: My husband and I have been trying to get one of those low-rate
credit cards that allow you to transfer your balances from a high-rate
credit card. We owe a little more than $15,000 on our current
cards.
Sept. 16 -- Beef
Producer Meeting is Sept. 24 at Abilene Livestock Auction
(J.T. Smith): Texas & Southwestern
Cattle Raisers Association, Bayer Animal Health, Hi-Pro Animal
Health, along with the Texas Agricultural Extension Service offices
of Taylor, Callahan, Jones, Nolan and Shackelford counties have
put together a superb program for ranchers.
Sept. 16 -- Company
sites miss the point.com (Brian Bethel):
In every commercial, in every ad, you see them: www.tacobell.com,
www.ge.com, www.gillette.com, www.anythingandeverything.com.
Sept. 16 -- House
urges emergency spending for farmers:
WASHINGTON - The House today indicated its willingness to help
farmers weather their severe economic crunch, voting overwhelmingly
to exempt the aid from federal spending limits.
Sept. 16 -- BankAmerica,
NationsBank affirm merger despite outlook: SAN FRANCISCO (Dow Jones News) - BankAmerica Corp.
and NationsBank Corp. plan to go forward with their planned $60
billion merger despite a negative outlook released by BankAmerica.
Sept. 16 -- Dow
puts together first three-session winning streak since early August:
NEW YORK - Stocks extended their
rebound Tuesday as another day lacking in bad news helped Wall
Street muster enough confidence to post its first three-session
winning streak since early August.
Sept. 16 -- Check
out these sites
Sept. 15 -- American
State Bank official to speak at luncheon (Doug Williamson):
Business Briefs - Steve Exter, senior
vice president and trust officer of American State Bank of Lubbock,
will speak to a luncheon of the McMurry University Leadership
Development and Family Business Center Thursday, etc.
Sept. 15 -- Fire
Ant Awareness Week is under way in Texas (J.T. Smith): Anybody in these parts other than a hermit knows
the annual West Texas Fair is going on at the Taylor County Expo
Center in Abilene. But did you know it's a week to be aware of
treacherous fire ants? It is in Texas.
Sept. 15 -- Equipment
company honored with Small Business Salute: Abilene Business Equipment Inc. has been selected
for this quarter's Small Business Salute.
Sept. 15 -- Stevens
to dig for oil industry layoff details: Cheap
petroleum prices are forcing oil companies to prune operations
and office staff, but one man is trying to go beyond the statistics.
Sept. 15 -- Senate
again rejects Democratic boost in farm price supports: WASHINGTON - Senate Republicans for a second time
rejected an election-year boost in agricultural price supports
Monday as lawmakers jockeyed over the best way to address farmers'
growing economic problems.
Sept. 15 -- Dow
gains nearly 150, first two-session win streak in three weeks: NEW YORK (AP) - Stocks rose sharply Monday, extending
Friday's rally and making it the first time in three weeks the
market has managed two consecutive winning sessions.
Sept. 13 -- Drought
is zapping the blood from some farm equipment dealers: Abilene has received an official 9.8 inches of
rainfall for the year -- or about half of average.
Sept. 13 -- Aspermont
rancher N.L. "Boss" Winter honored as Texas Trail Blazer
(J.T. Smith): N.L. "Boss"
Winter of Aspermont was one of two ranchers honored with the highly
prestigious "Texas Trail Blazer" Award during the recent
1998 Texas Ranch Roundup.
Sept. 13 -- Big
Country Business Notes: News
from around the Big Country
Sept. 13 -- The
time for your 401(k) checkup is now:
With about 50 percent of their retirement assets now tied up in
401(k) plans, Americans have reason to be asking themselves what,
if anything, they should be doing when the stock market succumbs
to the forces of gravity, weak profits, Asian flu, rublephobia,
the crisis in the presidency, or whatever else may be getting
it down.
Sept. 13 -- Saving
money isn't so difficult, if you can modify your behavior a bit: If saving money were easy, we would all be millionaires.
But it isn't, and most of us aren't.
Sept. 13 -- Why
-- not just how -- a cigarette maker created a more addictive
tobacco: Inside the restricted
laboratory compound on the south coast of England, five senior
scientists for B.A.T. Industries, the world's second-biggest cigarette
maker, were devising ways to make it harder for people to quit
smoking.
Sept. 12 -- Perry
encourages farmers to get their stalk destruction rebates
(J.T. Smith): With the widespread
devastation from the drought, every penny counts.
Sept. 12 -- Local
investment clubs going to 'wait it out':
No longer is making money in the stock market as easy as falling
off a log.
Sept. 12 -- Grants
help boost Texas business: AUSTIN
-- Taylor County businesses spent more than $600,000 this year
training area residents for jobs.
Sept. 12 -- Senate
panel approves compromise financial overhaul bill: WASHINGTON (AP) -- Breaking a logjam, the Senate
Banking Committee on Friday approved new compromise legislation
that would overhaul the nation's financial services laws. Only
a few weeks remain for Congress to enact the sweeping package.
Sept. 12 -- Starr
Report: What if it were a corporate executive and an intern?: Suppose an otherwise valued employee had an office
affair, lied about it, stymied an internal investigation and,
when eventually confronted with the evidence, scolded the accuser.
What would the boss do?
Sept. 12 -- Large
crop forecasts push farm prices down even more: WASHINGTON -- Farm prices are likely to fall even
further as harvest time approaches because of forecasts for large
corn, soybean and wheat crops amid stagnant exports, the Agriculture
Department reported Friday.
Sept. 11 -- Priddy
FFA show pig, lamb and meat goat sale is Sept. 20 (J.T. Smith): You will want to mark this one on your calendar
if you are looking for a show animal this season.
Sept. 11 -- Government's
efforts to reform HMOs critized here:
Representatives of the Texas Association of Business and Chambers
of Commerce criticized government efforts to reform HMOs on Tuesday.
Sept. 11 -- Paternity
testing at America's fingertips: 1-800-DNA-TYPE: HOUSTON - There's no turning away from Identigene's looming
black billboards that read, "Who's the father? 1-800-DNA-TYPE."
Sept. 11 -- Rocky
stock market too risky for Social Security dollars: WASHINGTON - Those who argued throughout Wall Street's
boom that the stock market is too risky a place to consider investing
Americans' Social Security money are now saying, "I told
you so."
Sept. 11 -- Oil
industry continues to wait for price bounce-back: LUBBOCK (AP) - While consumers are enjoying cheap
gasoline prices, oil analysts say low crude prices are causing
an industry downturn that's costing the state $600 million a month.
Sept. 11 -- Dow
slumps 249 points in latest mood swing on Wall Street: NEW YORK - The Dow industrials fell as much as 345
points Thursday as the glimmer of hope that energized the stock
market just days ago was swept away by another wave of anxiety
over the crises in Washington and the global economy.
Sept. 11 -- Northwest
strike coming to an end: WASHINGTON
- Negotiators for Northwest Airlines and its pilots reached agreement
Thursday on a deal that would end a strike that has grounded the
airline for 13 days.
Sept. 10 -- Employee
attitudes seem to be good here:
When the Abilene Industrial Foundation recently commissioned a
wage and benefits survey, it also asked Abilene employers about
employee attitudes.
Sept. 10 -- Perry
urges quick passage of emergency feed legislation (J.T. Smith): With the U.S. House of Representatives back in
session, Texas Agriculture Commissioner Rick Perry is urging quick
passage of pending legislation in the U.S. House that would help
Texas livestock farmers.
Sept. 10 -- Area
Business Notes: From around
the Big Country
Sept. 10 -- IDC
predicts PC sales will rise modestly despite Asian turmoil: NEW YORK - Personal-computer sales in the third
quarter are expected to rise a modest 11 percent from the year-ago
period, as economic turmoil in the Asia/Pacific region continues
to constrain the industry, according to a study by a research
firm.
Sept. 10 -- IBM
creates tiny disk drive to boost capacity of digital cameras,
other devices: NEW YORK - International
Business Machines Corp. has built the world's smallest hard disk
drive, an advance that could greatly increase the storage power
of digital cameras, hand-held computers and other small electronics
devices.
Sept. 9 -- Cattle
Raisers Foundation purchases historical manuscripts (J.T.
Smith): The Texas and Southwestern
Cattle Raisers Foundation has purchased an extensive manuscript
collection that documents one of the most significant eras in
Texas ranching.
Sept. 9 -- What's
new on the 'Net? (Doug Williamson):
This week's journey along with Information Superhighway has stops
at Euclid, Easy-Bake Ovens, your personality and more.
Sept. 9 -- Listening
to radio on the Internet (Brian Bethel): The other day, I was listening to paranormal shock
jock Art Bell on my computer.
Sept. 9 -- Greenspan
proves again that a few words can spark big reaction: WASHINGTON - Federal Reserve Chairman Alan Greenspan,
demonstrating anew the impact of his words, ignited the biggest
one-day point surge in Wall Street history by suggesting he would
consider cutting interest rates if America's "oasis of prosperity"
is further threatened by global economic troubles.
Sept. 8 -- Bookstore
at ACU changes name (Doug Williamson):
Where'd it go? There is no ACU bookstore any more. The Abilene
Christian University bookstore is now known as The Campus Store.
Sept. 8 -- Beyond
programs and policies - companies try to adopt more family-friendly
cultures: Managers at Dallas-based
Texas Instruments will soon begin taking a class on making decisions
based not only on business needs - but on workers' needs.
Sept. 8 -- Seinfeld
co-creators top list of Forbes highest-paid entertainers: NEW YORK (AP) - Even Jerry Seinfeld would have to
admit that $225 million is a whole lot of "yada, yada, yada,"
especially for a TV show about nothing.
Sept. 8 -- Negotiators
to resume Northwest talks in Minneapolis: MINNEAPOLIS (AP) - Negotiators in the Northwest
Airlines pilots strike planned to resume federally mediated talks
here today - but not necessarily face to face.
Sept. 6 -- Toxic
plant book should be a must for every rancher (J.T. Smith): If you raise cattle, then you want a copy of the
Toxic Plant Handbook from the Texas A&M Agricultural Extension
Service.
Sept. 6 -- Low
jobless rate does not discourage new business: A low unemployment rate didn't scare away The Colonels
International Inc. from setting up shop in Abilene.
Sept. 6 -- Service
industry booms in Abilene: For
Abilene workers, service is king -- service industries, that is.
Sept. 6 -- Big
Country Business Notes: News
from around the Big Country
Sept. 6 -- Office-supply
superstores find bounty in the boonies:
LEBANON, N.H. -- From morning till night, rusty pickup trucks
and mud-spattered Jeep Cherokees from miles around pull into a
low-slung strip mall here and pull out loaded with the day's purchases:
computer scanners, books on Web-page design, reams of paper for
laser printers, and just about every other kind of office equipment
imaginable.
Sept. 6 -- How
market free fall could affect mortgage rates: Keep your eye on the mortgage market for what could
be the silver lining to the clouds over Wall Street -- lower mortgage
rates.
Sept. 6 -- Major
oil companies spending barrels of money to beat Year 2000 bug: HOUSTON -- Big Oil will sink more than $1 billion
to try keeping the Year 2000 computer glitch from jeopardizing
the world's energy supply -- and companies' bottom lines.
Sept. 5 -- Stocker
cattle program is Sept. 15 at Roby (J.T. Smith): A special Stocker Program on cattle is 6 p.m. Sept.
15 at the Roby Annex.
Sept. 5 -- Texas
No. 2 in Hispanic gains; Harris County No. 1 in black population
increase: HOUSTON (AP) -- New
U.S. Census Bureau figures show Hispanics have been the fastest-growing
ethnic group in Texas during the 1990s, while Harris County appears
to have been the No. 1 destination for blacks.
Sept. 5 -- U.S.-Japanese
officials meet on global jitters:
SAN FRANCISCO -- Top U.S. officials face a dwindling list of options
as they fight a global financial crisis that has hit Asian nations
and Russia and is now threatening Latin America and even closer
to home.
Sept. 5 -- After
10-year respite, Dow gets two 500-point drops in one year: NEW YORK -- Bull or bear, after two 500-point tumbles
in less than a year, even the longest-term investors may be wondering
whether they have what it takes to ride this bucking bronco.
Sept. 5 -- Stock
market volatility will slow merger frenzy: NEW YORK -- After the bull market drove mergers
to dizzying heights, the stock market's summer swoon will likely
force dealmakers to the sidelines.
Sept. 5 -- Government
estimates Year 2000 fix at $5.4 billion:
WASHINGTON -- The federal government said Friday it will cost
at least $5.4 billion to fix its most important computers to overcome
the Year 2000 problem, about $400 million more than previously
estimated.
Sept. 4 -- Texas
agriculture faced with both drought and low prices (J.T. Smith):
The nation has been aware of the
devastation Texas agricultural producers face from the 1998 drought.
Sept. 4 -- First
collegiate job fair deemed impressive:
Business owners not represented at Abilene's first collegiate
job fair can expect a major headache today.
Sept. 4 -- Farmers
watch Hill for action on trade, aid: WASHINGTON
- With only a few weeks before Congress packs its bags to end
this year's session, American farmers are eager to see what lawmakers
will do to ease the rigors of a year of disastrous economic and
weather conditions.
Sept. 4 -- Retailers
report weak August, hurt by late Labor Day and slower economy: NEW YORK - Retail sales at many of the nation's
biggest stores fell below expectations in August, raising concerns
about the outlook for the rest of the year, especially during
the Christmas season.
Sept. 4 -- Economic
crisis inches closer to home: WASHINGTON
- The economic crisis that has hit Asia and Russia - and rattled
the U.S. stock market - is moving ever closer to American borders
as major trading partner Canada and fast-growing Latin American
markets start to suffer.
Sept. 4 -- Late
bounce halves latest 200-point drop by Dow: NEW YORK (AP) - A late bounce sliced a 200-point
plunge in half Thursday as a jittery stock market continued to
swing violently in the aftermath of Monday's brutal selloff.
Sept. 3 -- A professional
degree doesn't guarantee a good job right away: Popular belief may be that a professional degree
is a ticket to lucrative work and a guaranteed job. But finding
such jobs is proving tricky, and opening a professional practice
requires the intestinal fortitude of an entrepreneur.
Sept. 3 -- Day
traders take Wall Street by storm with guerrilla tactics: BOCA RATON, Fla. - Mitch Dinnerman started making
money on Wall Street from the computer in his gas station.
Sept. 3 -- Perry
says more companies join effort to get hay to Texas (J.T.
Smith): Browning-Ferris Industries,
Union Pacific Railroad and Roadway Express have joined a growing
list of companies that are hauling hay to drought-stricken areas
of the state.
Sept. 3 -- Technology
managers start to gain status as information rules: Has the growing importance of information technology
to corporations opened the gates to senior management for techies?
Sept. 3 -- Bringing
a good idea to market: It happens
so often and to so many people that it's practically become a
cliche. A new product hits the shelves, simple in concept yet
hotly in demand and everybody wonders, "Now why didn't I
think of that?"
Sept. 3 -- Maligned
3.5-inch computer diskette still popular: NEW YORK - When the computer industry talks about
killing the 3.5-inch floppy disk, personal computer users like
George Velez get upset.
Sept. 3 -- Factory
orders rise in July: WASHINGTON
(AP) - American factories in July saw the biggest increase in
orders for their products since last fall, but signs persist that
financial troubles in Asia are hitting home.
Sept. 2 -- Stenholm
announces extended emergency haying on CRP land (J.T. Smith):
An extension has been granted for
emergency haying on idled Conservation Reserve Program acreage.
Sept. 2 -- The
five great things about the Internet (Brian Bethel): The other day, a coworker of mine told me how surprising
it was that e-mail and the Internet had "grown on him."
Sept. 2 -- Citizens
Bank being purchased: Texas
Country Bancshares is purchasing Citizens Bank in Abilene and
Knox City.
Sept. 2 -- Fed
now urged to cut interest rates: WASHINGTON
- The recent turmoil on Wall Street and worsening economic conditions
around the world are increasing calls for the Federal Reserve
to lower U.S. interest rates.
Sept. 2 -- Market's
outlook depends on how investors handle $2 trillion loss: NEW YORK (AP) - When their monthly account statements
begin arriving in the mail next week, investors will be staring
at a collective $2 trillion loss.
Sept. 2 -- Answers
to your computer questions:
All of the questions I've received lately are really hard, so
in the meantime, let's head right to the fake questions for which
I have ready answers.
Sept. 1 -- Producers
could be eligible for loan deficiency payments (J.T. Smith): Producers of wheat and grain sorghum could be eligible
for loan deficiency payments if they still have ownership in the
grain or have not harvested the grain sorghum yet.
Sept. 1 -- Chamber
Banquet tickets selling well: Half
of the seats for the annual banquet of the Abilene Chamber of
Commerce have been sold.
Sept. 1 -- District
engineer promoted to El Paso: Calling
the Loop 322 project and Winters Freeway improvements her two
Abilene district engineering triumphs, Maribel P. Chavez, district
engineer for the Texas Department of Transportation's Abilene
district, is moving west with a promotion.
Sept. 1 -- Administration
offers reassurance to investors: WASHINGTON
(AP) - The Clinton administration moved quickly Monday to assure
investors that the U.S. economy is essentially sound despite the
second-biggest point drop in Wall Street history.
Sept. 1 -- U
S West workers back on job; apprehensive about work environment: DENVER (AP) - Some 34,000 U S West employees began
returning to work Monday after a tentative settlement was reached
in a strike that forced customers to wait for phone repairs and
installations.
Sept. 1 -- Northwest
vs. pilots: How long will strike go on?
MINNEAPOLIS - With a strike survival fund of $3 billion, Northwest
Airlines appears able to engage in a long staredown with its striking
pilots.
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