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Economy / Dollar Devaluation / USSR Prices #256770

CBS Evening News for Wednesday, Mar 01, 1978
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(Studio) Dollar devaluation on world market reported Pinch this causes on Americans living abroad and effects on others noted.
REPORTER: Walter Cronkite

(Bonn, West Germany) Report on effects of dollar devaluation against German mark, especially on United States military men in West Germany. Devaluation cost to Air Force noted. Defense Department film shown. Effects on German economy cited. Donna Brinkley is wife of American busman. preparing to move to West Germany. [Mrs. BRINKLEY - describes rise in expenses; says going to McDonald's is big thing.]
REPORTER: Hal Walker

(Paris, France) Report on effects of dollar devaluation in Belgium, Switzerland, Netherlands and France. Cost to Americans living and working in Paris cited.
REPORTER: Tom Fenton

(Studio) Report on effects of weakened dollar in US.
REPORTER: Walter Cronkite

(NYC) United States focus on unemployment rather than on inflation, by spurring econ. instead of slowing it down, noted; 1976 trade deficit compared to that in 1977. Reasons cited; effect on stock market noted. [Treasury Secretary BLUMENTHAL - says disorderly mvts. in exchange market not warranted by US econ. strength.] Kuwait's announcement of discussion of oil price hike with other oil product ntns., if dollar keeps falling, noted.

(Studio) Price changes in USSR reported; compared to those in United States for same items.
REPORTER: Walter Cronkite

Brady, Ray;
Cronkite, Walter;
Fenton, Tom;
Walker, Hal

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