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Stock Market Report (Studio) #255094

CBS Evening News for Tuesday, Oct 17, 1978
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REPORTER: Walter Cronkite

(NYC) Examination of United States economy problems given. Dollar's devaluation in Japan and fall in stks. in United States noted. View of some that groundwork for this trouble was laid in Vietnam war stated. Prices of last 10 years contrasted. [Admin. inflation adviser Robert STRAUSS - lists things that are right about United States economy; says inflation is problem.] Outlook for economy given. [AFL-CIO president George MEANY - says union members demand that contracts to be bargained over reflect cost of living increase] [CitiBank chairperson Walter WRISTON - discusses situation.] Claims of some econs. that people will have to act on inflation as they have done on Prop. 13 and tax reform stated.

Brady, Ray;
Cronkite, Walter

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