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Economy: Dollar Valuation / Stock Market / United States Servicemen #112169

ABC Evening News for Monday, Jan 04, 1988
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(Studio: Peter Jennings) Report introduced.

(New York City: Stephen Aug) Rally on stock market reported Stk. Mkt. Report [Paine Webber Mary FARRELL - says dollar influenced rally.] Rise of dollar following buying up of dollars by banks in Japan and West Germany and by Fed. Reserve banks reported [Yamaichi Securities spokesperson Scott PARDEE - says United States authorities now mean business] Secret agreement by European industry ntns. to prevent further fall of dollar reported revealed by French financial minister Edouard Balladur. [PARDEE - says smart money people now ready to buy dollars.] Impact of interest rates on worldwide economy noted.

(Studio: Peter Jennings) Report introduced.

(London, England: John Laurence) Impact of declining dollar on American servicemen and families overseas reported; details given, scenes shown. [Serviceman and wife Doug and Betty FISSETT - say too expensive for family to live in West Germany.] Return of dependents to United States after fall of dollar reported [Colonel Gary PAXTON - says families mismanage money.] [sergeant Gerald PHIPPS - disagrees.] [sergeant Imogene PHIPPS - discusses costs.] Food costs outlined on screen. [sergeant Gerald PHIPPS - says servicemen distracted by financial problems.]

Aug, Stephen;
Jennings, Peter;
Laurence, John

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