Inside: NISD board votes to leave school bond off November ballot Page 6A WEATHER: Mostly sunny, Highs: 80s, Lows: 60s/2A
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SEPTEMBER 30, 2008
at beaumontenterpris com
V OL . CXXVIII , N O. 330 Carter & Company employees Beau Jansen, left, and Heath Hebert remove water damaged materials from the Bevil Oaks Baptist Church.
Bailout fallout Area borrowers could feel pinch of vote to reject rescue plan
Valentino Mauricio/ The Enterprise
By HEATHER NOLAN and DAN WALLACH
THE ENTERPRISE
Southeast Texas might not feel the devastating effects of the House’s vote to turn down a federal rescue package like other parts of the country, local bankers say. But borrowers here will feel a pinch. “We’re in serious financial trouble,” said Kevin Brady, a Republican who is a member of the Joint Economic Committee. “This won’t be contained (just on Wall Street). It’ll affect bank accounts
Repairs will take time Contractors: Ike not all as bad as Rita, but could take as long to fix
50 Cents
THE ADVOCATE FOR SOUTHEAST TEXAS SINCE 1880
By RYAN S. CLARK
THE ENTERPRISE
ORANGE — It could take up to two years before Hurricane Ike construction projects are completed, a few area contractors said Monday.
Contractors attributed the two-year target to varying damage across Southeast Texas, the cost of materials, and an uncertain timetable of insurance settlements with property owners. IKE, page 5A
SpeakUP
Do you agree with the House's rejection of the $700 billion bailout bill? Tell us at BeaumontEnterprise.com
here at home.” The House voted 228 to 205 against a $700 billion bailout plan for the nation’s financial system on Monday, despite warnings from President Bush and congressional leaders of both parties who predicted the economy could plunge without it. On Wall Street, the Dow Jones industrial average sank almost 800 points, a drop of almost 7 percent, the largest single-day loss in
Dr. Martin Luther King Jr. Middle School Principal Mike Shelton walks through the seventhgrade wing on the first floor to check on progress of the Hurricane Ike restoration work. The school was one of two that suffered major damage in BISD when wind destroyed the roof. Twenty classrooms, including labs were damaged.
Feline first seen at beach house found in Beaumont family’s vehicle upon return By BLAIR DEDRICK ORTMANN
THE ENTERPRISE
Three weeks in deserted Port Bolivar was apparently enough for one gray cat, who hitched a ride under an Escalade and made it unharmed to Beaumont Monday. “When we drove up to the house, we heard him again,” said Aretha Saldana, a 44-year-old home decorator. “It was amazing. How did he do it?” Saldana and friend Cathy Blackwell were in Port Bolivar to meet with an insurance adjuster at Blackwell’s beach house when they heard the cat’s terrified cries from what used to be the deck, 12-feet above the ground.
Photos by Dave Ryan/ The Enterprise
Changes Return to school in Beaumont marked by hurricane stories, campus damage THE ENTERPRISE
BEAUMONT — The laughs were audible as the students in June Rocio’s first period class raced for the empty chairs. The theater students at Martin Luther King Jr. Elementary School were playing a warm-up game of lion, tiger and bear — racing to find a new chair when
BAILOUT, page 4A
Fiesty cat hitches a ride out of Bolivar
BISD students get back to work
By EMILY GUEVARA
its history. The legislation would have allowed the government to buy bad mortgages and other bad assets held by troubled banks and financial institutions, according to the Associated Press. That would have strengthened those companies’ balance sheets, making them more inclined to lend.
Advice & TV......2B Business ..........6B
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their character’s name was called. But smiles soon turned to tears for some. Rocio invited students to share about their experience with Hurricane Ike. Some spoke of last-minute evacuations, riding out the storm, waiting for electricity and even the death of a pet. “I thought we was going to fall off,” said 12-year-old Teddy
INSIDE
CAT, page 4A
◆ See video and a photo gallery of the damage at Martin Luther King Jr. Elementary School at BeaumontEnterprise.com
Tammy McKinley/The Enterprise
Knighton. The seventh-grader said he spent the latter half of the storm on his roof with his
Classified ........5C Comics ............4C Features ..........1B Markets ..........5B
SCHOOL, page 4A
Obituaries ........8A Opinions ........10A Puzzles ............3B Sports ............1C
Happy endings A tattered sign still hangs on the wall of the seventh grade wing damaged by Hurricane Ike.
Dow Nasdaq -777.68 -199.61
Average price of a gallon of regular gas in Southeast Texas: As of Monday morning
Pets rescued after Hurricane Ike reunite with their owners or get a fresh start, possibly in a new state. Friends & Family: 1B
$3.55
Sources: AAA, Oil Price Information Service
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