ABC Evening News for Wednesday, Oct 28, 1987
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(Studio: Peter Jennings) Report introduced.
(NYC: Stephen Aug) Value of fall in stock market reported; details given. Role of budget deficit in market collapse noted. [Peat Marwick Main and Company J. Gregory BALLENTINE - notes that if people sell at a profit even when market drops, government makes money.] [Tax manager Seidman and Seidman Jerry BROCKETT - says tax laws are stacked in government's favor so that market losses won't effect tax revenues.] Losses in market for insurance industry noted. [Ins. Info. Institution spokesperson Sean MOONEY - describes supply and demand effect on insurance industry] Impact of stk. market events on those who don't own stock noted.
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