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(Studio: Peter Jennings) The impact of a vicious storm on California reported; scenes shown of rain and snow.
(New York: Betsy Stark) The spreadin gimpact of the problems in California caused by the deregulation of the energy industry examined; details given of the impending bankruptcy of Pacific Gas and Electric. [Greg PRUETT - says if the utilities default, there will be a ripple effect across the country.] [White House economic adviser Gene SPERLING - says there is a potential economic downside.] [Morgan Stanley Dean Witter Joseph QUINLAN - cites the stress on the economy.] The wider significance of the economy of the state of California reviewed.
- Jennings, Peter;
- Stark, Betsy
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