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Economy / Wholesale Food Price Incrs. #255617

CBS Evening News for Wednesday, Nov 22, 1978
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(Studio) Caterer's estimate of cost per person of 1st Thanksgiving Day meal shared with Indians by Pilgrims, according to "Wichita Eagle-Beacon", stated. Report is on wholesale price surge.
REPORTER: Walter Cronkite

(NYC) Jules Rose noted as chairperson of New York's Sloan's Supermkts.; his concern about letters informing him of wholesale price increases, which he and others will have to pass on to consumer, described. [ROSE - lists items affected by increases] Supermarket chains' belief that wslers. are trying to beat mandatory wage and price controls stated. [ROSE - thinks price increases at present are in anticipation of price controls.] Food companies stated reasons for increase in prices given. Possibility that this is self-fulfilling prophecy with regard to price controls reported.

(Studio) Anti-inflation chief Alfred Kahn's testimony to House subcommittee about President Carter's economy program and lack of probability that Carter will recommend postponement of Social Security tax increases reported Kahn's own financial problems because someone forgot to put him on payroll described.
REPORTER: Walter Cronkite

Brady, Ray;
Cronkite, Walter

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