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Venice Economy Summit #110134

ABC Evening News for Tuesday, Jun 09, 1987
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(Studio: Peter Jennings) Econ. world in which United States must now compete described; domestic economy issues facing President Reagan at economy summit here listed.

(Detroit, Michigan: Dan Cordtz) [Retired auto worker Jim MAGGARD - praises his career security at Ford.; notes lack of such for son J.D.'s generation.] Post-war auto boom in United States and eventual decline due to foreign imports reviewed. [Former Ford Motor Company president Arjay MILLER - notes foreign cars were better built.] Japan's superiority as auto manufacturer now cited; decline of United States in other ind. areas considered. Av. weekly wages since 1967 listed on screen. [Prof. John ZYSMAN - believes wealth and power of United States is at stake in industry war.] [Ford chairperson Don. PETERSON - describes pressure on auto industry to remain competitive.] [J.D. MAGGARD - cites his lack of job security]

Reporter(s):
Cordtz, Dan;
Jennings, Peter
Duration:
00:03:30

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