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Arab Boycott / United States Position / Richardson / House Hearing #242979

CBS Evening News for Wednesday, Oct 20, 1976
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(Studio) Commerce Secretary Elliot Richardson goes before House hearing today to explain United States position on Arab boycott.
REPORTER: Walter Cronkite

(DC) Richardson says administration discouraging American companies from taking part in boycott and disclosing names of those that do. Committee chairperson Representative Benjamin Rosenthal presses for ban; says it would go along with national policy and end confusion with regard to what is and isn't part of boycott. [ROSENTHAL - says action would take American companies off the hook.] [RICHARDSON - says he believes Arab cntrys. mean to continue boycott and if United States pressed for halt, they would take harder position.] Richardson also noted amount of Arab oil United States needs and recs.
REPORTER: Nelson Benton

(Studio) Chicago liquor dealer who took Jim Beam bourbon whiskey off shelves Tuesday, put it back today after distillery convinced him they aren't boycotting Israel. Company says it's selling 4 times as much bourbon to Israel as to Arabs.
REPORTER: Walter Cronkite

Benton, Nelson;
Cronkite, Walter

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