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Economy: Jobs / Spain #1023550

CBS Evening News for Monday, Jun 04, 2012
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(Studio: Scott Pelley) A new report on the demand for factory products noted; unemployment statistics cited.

(New York: Anthony Mason) The cloudy forecast for the American economy examined; details given about manufacturing jobs and the possibility the Federal Reserve will stimulate the economy. [Bank of America economist Ethan HARRIS - says the economy is in a limbo state; predicts soft growth.] [San Francisco American Giant clothing company founder Bayard WINTHROP††- comments on the economy.]

(Studio: Scott Pelley) Report introduced.

(Spain: Clarissa Ward) The crumbling European economy as indicated by Spain examined; scenes shown from Madrid of a grassroots protest movement and of a development turned ghost town; details given of fears the Bankia bank will collapse and concerns about reckless bank lending with examples cited.

(Studio: Scott Pelley; London: Clarissa Ward) The several shaky economies in Europe discussed.

Pelley, Scott;
Mason, Anthony;
Ward, Clarissa

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