The Hereford Brand (Hereford, Tex.), Vol. 83, No. 65, Ed. 1 Sunday, October 2, 1983 Page: 1 of 48
This newspaper is part of the collection entitled: The Brand (Hereford, TX) and was provided to The Portal to Texas History by the Deaf Smith County Library.
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The Hereford
Serving Huitlin' Hereford, Deaf Smith County
-
rrupted level
ea
.te
I
"We’re gearing up to shut it they're saying is that this is
4|
(See AMLIE,Pag2
Watt losing support of Western senators
2
New rules drop interest-rate ceilings
on savings accounts starting Monday
DOE panel due at Community Center
Public forum on nuke
waste set here Friday
class offered
■■ r
#
for instruc-
ip
tion, is the featured speaket
I
^Gearing up to shut down9 says Continental
Strike underway by airline pilots
Adult basic
education
of service we are operating."
Lorenzo said. "Continental is
wooddOrgon
Bss.MsVDumM.BKM,
Unanimous Support
Every employee at Deaf Smith Rural Electric
Coop contributed to the United Way Fund
Drive. Many of them are shown above with
Mark Andrews, chairman of the drive’s metro
* Hustlin’ Hereford,
home of Carolyn Kubcak
it."
Allen Brooks. also an
ib-year pilot, said he also was
unhappy with new work rules
requiring him to fly more
hours. Both LeBlanc and
Adult Basic Education
classes are once again being
offered to area residents,
with instruction to be held
Tuesday and Thursday even-
ings at Hereford High School
The program features
tutoring in reading, writing
and math It is open to any
adult who either was unable
to complete his secondary
education or desires to im-
prove on his skills
Registration for this free
service may be made in
Room 124 during the sessions,
which are slated to be con-
ducted from 7 to 10 p.m
The ABE program is spon-
sored by the Hereford In-
dependent School District
along with the Education Ser-
vice Center, Region XVI. •
For more information,
phone 364-5112.
parentoar other etttaeae to at-
tend.
The l^■lhlt effected a
strike were uncertain Con-
tinental had up domestie
withdrawing from time deposits of
more than 31 days maturity are
changed, and a number of other sav-
ings account requirements have been
revised.
Of the intermediate range of sav-
ings certificates, the six-month
money market is by far the most
widely used At the end of July,
depositors held $22 billion of these
across nation, accounting for 23.7 per-
cent of total deposits in savings in-
stitutions
in addition to paying any rate of in-
terest. financial institutions may use
any method of compounding, and
establish their own maturities and
minimum amount of deposits, if any.
for these savings plans
it is important to note that outstan-
ding certificates remain governed by
whatever rules prevailed when they
were purchased, or last renewed or
extended The new rules apply only to
certificates or accounts opened on
Oct. 1 or later, as well as to cer-
tificates renewed after that date
There have been no changes for
regular passbook accounts. NOW ac-
. counts. Super NOW accounts, money
market deposit accounts and 74o-31
day accounts
“By 7 a.m. people won't be
able to get in the doors," he
predicted.
Continental, formerly the
nation's eighth largest car-
rier, is operating with less
than two-thirds of the routes
it had a week ago, when it
halted flights for two days to
file for reorganization under
Chapter 11 of federal
bankruptcy laws.
At the same time, it slashed
employee wages by as much
as SO percent and laid off 70
percent of its 12,000 workers
Thomas said a union
negotiating committee rpet
with the company for about
eight hours Friday, but said
"in effect, all that happened
was surface bargaining."
We told them that we are
prepared to meet with our
legal contract as a basis for
negotiation and that the pilote
group stands committed to
make an agreement on any
cost reductions necessary to
Brooks said the added hours
could lead to safety pro
The deregulation may lead to some
institutions offering new types of sav-
ings plans, or trying to simplify their
programs Some may not make many
changes immediately They may
want tune to assess the plans com-
peting institutions are offering and
how they are accepted
It is thought that the government
will continue to provide information
or government securities prices for
certificates that still have rates index-
ed to the prices of the securities. Some
institutions may want to continue the
indexing, but it is believed most will
not
There is a new minimum penalty
for early withdrawal from deposits of
32 days to one year It is the loss of one
month's simple interest. For those
certificates of more than a year, the
minimum penalty ia the loss of three
months simple interest. These are
minimum penalties- institutions may
apply more stringent penalties if they
wish.
As before, checks can only be mit-
ten or regular checking demand i ac-
counts. NOW accounts Super NOW
and up to three checks a month, if the
institution allows. on money market
deposit accounts
By O.G. NIEMAN
Editor-Publisher
Another major stop in the deregula-
tion of savings accounts at federally-
insured financial institutions takes
place Monday.
Effective Oct. 1. the new rules
removed virtually all interest-rate
ceilings on savings accounts This
means the bank or savings and loan
institutions can pay whatever they
desire on savings certificates
Whether or not interest rates on
6-month CD’s will rise Monday re-
mains to be seen A check with
several local banks and S&L’s reveal-
ed that most of them are wondering
what will take place
One S&L manager said he did not
foresee "great changes" in the rates,
simply because most institutions
have the margin figured pretty
close."’
The new rules totally deregulate the
"intermediate range" of the savings
certificates-those with maturities
between 32 days and 2^ years. In ef-
fect, interest-rate ceilings are
eliminated on all savings certificates
except on psesbook accounts and
NOW accounts.
In addition, minimum penalties for
*n ' dg** .• • - . • - • •
a Whiteface game. Dana, 17, is a
senior at Hereford High A parade
and football game will hiehlight
Homecoming at HHS next Fridav.
$*ESL XI ‘ svtcua
9*9 xeg ‛o •a
xdoosK
— gL XI “gvrva
.. 3. aecuhi8
—
Sunday
Oct. 2, 1983
4—*
October Calendar Girl
October is the month for football,
homecoming, bands and twirlers.
so our “calendar photo" this
month features Dana Cabbiness
during a halftime performance at
Brand
3 meetings
set on new
reading plan
Three more public
meetings are scheduled
which describe the reading
program adopted this year by
the Hereford Independent
School District
Northwest Elementary
School will host such a
gathering Monday night.
West Central and Shirley
Elementary Schools will be
the site of Tuesday and
Thursday meetings, respec-
tively.
All three gatherings have a
19 p m starting time John
Walch, HISD assistant
"B's not the first 16 hours fully prepared to operate the
it's the third or the fourth 16 airline with no disruption "
hours."Brookssaid Continental officials also
Continental Board Chalr- said they expected flights
man Frank Lorenzo said late more than 60 perrent full to-
Friday the airline had com- day and they were preparing
mitments from 400 pilots and to terrenes the number of
1,400 flight attendants mere flights by 10 percent next
than enough to continue ser- week. In addition, the
vice to the 25 cities Continen- number of telephone in-
tal now serves quiries about new discount
"He's throwing around fares swelled Thursday to 1.4
numbers." Thomas said. million, the most ntr to the
We'D see, wont we." airtine A normal Thursday
"We want to reaffirm this would attract about 80,000
airline’s commitment to the rails. Lerman said.
ooToosa
I U I » i I 1
T
2345618
1 10 1 12 13 14 11
it n u w »21 a
an
The Hereford Community characterization plan is re- characterization. DOE plans
Center will be the site for a quired prior to site to nominate at least five of
day-long "public information characterization studies. the nine sites for site
Exchange” to be held by the characterization. following
U.S. Department of Energy Introductory remarks by issuance of the siting
(DOE) Friday, Oct. 7. Linda McClain, project guidelines required by the
The public forum will be manager for DOE in the Nuclear Waste Policy Act.
held to discuss nuclear waste study area, will open the The basis for the nomination
issues raised at earlier public forum, followed by hour-long of each site is to be presented
hearings. The forum will segments devoted to topics in an environmental assess-
begin at 2 p.m. and extend to such as repository design, ment in which conformity
9 p.m. geology and hydrology, with the final guidelines is
The day-long events will health and safety, transporta- analyzed The siting
provide presentations by Hob- environment, and guidelines are now being
panelists representing DOE socioeconomics. Each finalized through consuita-
and Battelle’s Office of panelist will talk about issues tion with governors of af-
Nuclear Waste Isolation. related to the topic tor ap- fected states and are ex-
table displays staffed by proximately 30 minutes, pected to be submitted this
scientists, printed material, followed bz questions and fall to the U.S. Nuclear
and films about nuclear comments from the audience Regulatory Commission for
waste and related subjects. When not participating in the concurrence before their
The panelists will discuss panel, the scientists will staff adoption by DOE
issues raised by Panhandle information tables in an outer “DOE is required by the
residents during the public area and be available for in- Nuclear Waste Policy Act to
hearings held by DOE in dividual questions and recommend three of the
May The hearings were held discussion nominated sites to the Presi-
to inform residents of the preoared for the dent for site characterization
epossible norhination of a site inrormation exchanges by by January. 1985. "Site
in the vicinity site reviewing transcripts of characterization’ means the
characterization that could Rrom the hearings, program of exploration to
lead to the siting of a geologic aidd 6 -Summaryot establish the geologic condi-
repository, and to receive issues and Concerns Ex- tions at a potential site and
their recommendations about nreu nea During the April- determine suitability for a
issuesto be addressed in the US Department repository. The studies in-
environmental assessment of Enerev Public Hearings" clude borings. surface ex-
and site characterization TNwiSs sontomber 1963 ploration. exploratory shafts,
plan. An environmental Coliesofthetranscriptsand limited excavations at the
assessment must accompany summary were base of the shaft, at depth
each site nomination; the site tn nubile libraries to the testing. environmental.
Panhandle in August socioeconomic, and other
DOE also held hearings in studies. , . ,
the five other states with According to the Nuclear
potential rites for the first Wart. Policy Act. tl» Preri-
repository, Louisiana. dsnt is to recommend one site
Mississipp, Utah. Nevada. forthe first repgsttoryto Con-
and Washington A similar in- dr— by J?*, J™
formation exehange ta being repository is Schedtled to De
held la Moab, Utah, Sept 24, in operation to 1906.
and futuremeetings are plan- A separate process of
mH in Miggissinni ane Louj. nomninations and recommen-
dations will be conducted for
the licit repository site.
Nine potentially acceptable which is to be identified by
sites in the six states have IM. DOE is required to opp-
beenidenfiedbyDOEasbe- ly to the NRC for Mooneso to
Ing suitable for further construct the repositories.
By MICHAEL L. GRACZYK
Associated Press Writer
HOUSTON <AP) - Con-
tinental Airlines pilots and
flight attendants struck the
financially troubled air car-
rier Saturday despite the in-
sistence of company officials
that hundreds of employees
would ignore the walkout and
flights would continue.
provide for our airline’s sur-
vivability," Thomas said
"Our biggest complaint
isn’t the money, it's the work-
ing conditions," said Paul
LeBlanc, an 18-year pilot,
who walked the picket lines
early Saturday morning in
Houston
He said the contract that
Continental was offering its
pilots “was not an offer. What
" .Mm
• Se
rorComtunemtai,natdemrty
Saturday that ne workine
Continental crew members
had walked out. Ba said e
flight left Auckland. How
Zealand, for MeaeMs MIU
a.m. EDT with 253
passengers and “a fafl crew
division, who is handing a plaque of apprecia-
tion to DSREC foreman Gene George. (Brand
Photo)
down," Gary Thomas,
spokesman for the Continen-
tal chapter of the Air Line
Pilots Association, said Fri-
day.
About two dozen picketers
began carrying signs at the
main entrance *e
Continental’s home terminal
at Houston Intercontinenta’
Airport minutes after the
strike began at 3 a.m. EDT
A pilot who would not iden-
tify himself said many more
pickets would join the lines
flights scheduledin th
until the scheduled 7:«
EDT departure of Ogh
from Fort I.suds rd. is. F
Houston
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The Hereford Brand (Hereford, Tex.), Vol. 83, No. 65, Ed. 1 Sunday, October 2, 1983, newspaper, October 2, 1983; Hereford, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1477676/m1/1/?q=%22%22~1: accessed July 15, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Deaf Smith County Library.