THE JOURNAL RECORD

Resource for Oklahoma that specializes in business, legislative, and legal-related information sources. It gives daily updates and opinion on real estate, energy, finance, capitol, and law.

Articles from September 8, 1998

A Corner on Trade
International trade could become a larger part of Oklahoma's economy before the turn of the century, if plans in Wayne are carried out.Work on an international trade compliance center, as part of turning Interstate 35 into a recognized trade corridor,...
Banking Department Issues Ag Loan Advice
The drought of 1998 convinced Mick Thompson, commissioner of the State Banking Department, to issue a memorandum to all the presidents of Oklahoma's state-chartered banks guiding them on how to handle the problems with agricultural loans.He reassured...
Big Payoff for Committed Ethnic Marketers
As one who came to the United States as an immigrant and chose it as his new home, I can say, admittedly with some bias, that this is the greatest country in the world. Most Americans would echo that sentiment. But, the abundant degree of self-belief...
Burger King Plots Growth at McDonald's Expense
MIAMI -- Confronting difficulties is nothing new to Burger King. That's why the perennial No. 2 chain is keeping close tabs on the troubles at rival McDonald's.McDonald's still enjoys a 40 percent share of the fast-food market, but it is burdened with...
Business Calendar
Information for the Business Calendar should be sent to Ronnie Clay, The Journal Record, P.O. Box 26370, OKC, 73126-0370, or by fax to 278-2890. Sept. 8Environmental & Safety Support Group"Regulatory Compliance Summit," 8 a.m.-1 p.m., at Metro Tech Spring...
Business World
Righteous and racy?ALBANY, N.Y. (NYT) -- We had such high hopes for Pax TV. We thought it would be different: a network with a conscience. We were wrong. We were wronged.Pax TV, it was learned a month before its premiere last week, was not above using...
Commercial Ownership Spurs Latest Debate
WASHINGTON -- The latest dispute to hold up the bank modernization bill now before the U.S. Senate is about whether companies like Ford Motor and Archer Daniels Midland will still be able to buy savings and loans.Senator Phil Gramm, Republican of Texas,...
Congress Seeks to Toughen Bankruptcy Laws as Personal Debt Mounts
WASHINGTON -- As personal bankruptcy filings reach record highs, Republican leaders in Congress are pressing hard for a law that would make it tougher for people to file for protection from creditors.One in 70 U.S. households filed for bankruptcy last...
Continuing Mine Field
Last week I introduced the first half of my personal list of the most unsound business attitudes practiced by senior executives -- those executive perspectives that seem trivial but can lead to disastrous results.I refer to these bad business attitudes...
Could Stock Crash Cause a Recession?
Are plunging stock prices a harbinger of economic crisis? Paul Samuelson, the Nobel laureate in economics, once quipped that stock market declines had anticipated nine of the previous five recessions. That impish caution from decades ago has been updated...
Doomsayers Say Another Energy Crisis Looms Large
SAN FRANCISCO -- Oil, the black gold of the world economy, is almost insanely cheap. Yet it won't be for long, according to a small but growing band of doomsayers.Based on a debated theory, they fear world oil demand will begin to exceed supply as early...
Government Outlines Tribal Tax Incentives
After nearly five years in the making, the geographic boundaries now are inked for special tax incentives that could net Oklahoma businesses millions in credits and depreciation.Businesses in the designated regions now may depreciate their assets at...
Homeland Stores Names Rocker Vice President of Operations
John C. Rocker has been named vice president of operations for Homeland Stores. Rocker was with Kroger, which he joined in 1980, most recently as director of human resources, labor relations and safety. Rocker's 18-year career at Kroger also included...
It's All about Morale
When you hear an employee is unhappy, he or she may already have one foot out the door. The resulting undercurrents can have a damaging effect on the rest of the staff even after the troubled worker leaves.To create a core group of people around which...
New Businesses Need Know-How for Endurance
Small business is the starting point for millions of dreams, many of which are successful, most of which are not. Of course, there is no guaranteed formula for success, but certain steps can be taken to increase the chances of survival.The primary reason...
New, Clearer Looks at Hollywood's Movie Math
LOS ANGELES -- Some of Hollywood's greatest special effects never make it to the screen. They can be found in studio accounting books.Using the razzle-dazzle of movie math, hits can turn into duds, flops can be hidden behind blockbusters, contracts are...
New Locations
Received:09/03/98Beaver CountyChesapeake Operating Inc.; Box 18496, OKC 73154 (848-8000); #4-16 Barbara; c n/2 se16-6n-28ecm; 1980' fsl & 1320' fwl; TD 6500' ...Test; 5950' Chester; Aug. 1998Blaine CountyEberly and Meade Inc.; 777 NW Grand Blvd. #210,...
Officials Submit Spaceport Qualifications Bid
Oklahoma officials submitted the state's spaceport qualifications package Friday to meet a spaceship manufacturer's deadline.If things work out, Oklahoma could submit a "full-blown proposal for a spaceport," according to Leo Presley, the consultant who...
Sell the Range Rover; It's Ford Time
NEW YORK -- So, the long slide begins. This time, though, instead of being boiled in oil, like they were in 1987, investors look as though they will get a slow poaching. If 1987 was a head-on at 60 miles per hour, 1998 is more like running out of gas...
Street Looks Back on a Summer of Discontent
NEW YORK -- Hardly anybody is in a mood to celebrate as Wall Street marked the traditional "business New Year" at Labor Day.It has been a stormy summer, to put it gently, in the world's stock and bond markets. As investors and brokers pack away their...
Surviving the Drought
With the summer of 1998 likely to be recorded as the hottest and driest of the decade, the intense drought condition has left its mark on local residential and commercial properties.Battling the drought on the front lines has been a vast majority of...
The Return of Risk to American Households
NEW YORK -- Following the stock market events of the past week or so, a new factor -- really an old factor reintroduced -- is to some degree affecting almost every household in America. It is risk.Risk had become the forgotten element in the economy,...
Unknown Plant Bags Sales in the Billions
There aren't many businesses in Oklahoma City that sell billions of units of product, employ hundreds and produce millions in revenues and still remain largely unknown.Yet that describes API Enterprises, a company that manufactures plastic grocery bags....
Warranty Deeds
A list of Warranty Deeds filed with the Oklahoma County Clerk's office is published daily in The Journal Record. Information listed for each warranty deed includes book and page numbers, the owner of the property granting the property to a new owner,...
Weakness in Factory Jobs Hidden by GM Autoworkers Return
WASHINGTON -- A rebound in U.S. payrolls last month, led by the return of idled General Motors workers, disguised a decline in factory jobs that analysts said may herald a slowdown in job growth in the months ahead.U.S. companies added 365,000 jobs in...
Wells Completed
Received: 9/3/98Completion reports are compiled by county, operator and well information.Canadian CountyPrime Operating Co., OKC/947-1091 -- #2 E. Baker -- c nw nw 6-12n- 5w; TD 8570' -- PBTD 8495'; perf. Miss & Hunton 8104-8492', p/5bo, 613Mcf, 92bwpd,...
Working Families Seek Ways to Eliminate Day Care
GREENVILLE, N.C. -- The arrangement works this way: Betsy Barnacascel has her two boys Monday through Friday. Their father, Reggie, gets them on the weekend.But this is no custody agreement. The Barnacascels are a happily married couple. They've simply...