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Cost of Living / Rollback and Boycott #25620

ABC Evening News for Wednesday, Apr 04, 1973
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(Studio) Food prices likely to rise full 10% this year House Banking Committee votes to roll back prices, rents and interest rates to January 10 level.
REPORTER: Howard K. Smith

(Capitol Hill) [Chairperson Banking Committee Representative Wright PATMAN - says Phase III ineffective.] [Agriculture Department spokesperson Don PAARLBERG - says price rollback would be difficult to administer and would inhibit production. Food rationing would result.] Treasury Secretary Shultz echoed by Paarlberg.
REPORTER: Bill Zimmerman

(Studio) National Association Retail Grocers says meat sales off 40% due to boycott. Inflation not confined to cost of meat.
REPORTER: Howard K. Smith

(Chicago, Illinois) Fruit and vegetable prices up in Chicago.
REPORTER: Jim Kincaid

(Los Angeles, California) Price women's clothes up by almost as much as food prices. Furniture and home ownership costs also up.
REPORTER: Anne Kaestner

(NYC) Fuel oil and coal prices up 6% from last year
REPORTER: Bill Brannigan

Reporter(s):
Kaestner, Anne;
Brannigan, Bill;
Smith, Howard K.;
Zimmerman, Bill
Duration:
00:05:10

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