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Economy / Administration and United States Dollar / Housing Costs and Purchases #259176

CBS Evening News for Wednesday, Aug 16, 1978
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(Studio) President Carter's indication that administration may step in to help beleaguered United States dollar on world money mkts. reported.
REPORTER: Dan Rather

(DC) Details given about White House discussions about dollar problems with top economy advisers and Federal Reserve chairperson G. William Miller, as well as about official statement on subject. Possible government actions outlined. Upcoming testimony to Senator Finance Committee by Treasury Secretary Michael Blumenthal noted.
REPORTER: Bob Schieffer

(Studio) Report on hsing. starts and building permits figs. for July.
REPORTER: Dan Rather

(Northern New Jersey) Changes in American lifestyles brought about by post-WW II baby boom described; films shown. Contd. hsing. cost increases noted as due to these young people's purchases of hses. because of their fear of higher costs in future. [Marilyn ANZALONE - discusses increases in hsing. costs since marriage 5 years ago.] [Steve CARLONI - notes increases; had planned to save more for down payment, but prices go up as they save.] Statistics with regard to ages of home buyers reported; methods used to manage finances to purchase home listed. [Janice CARLONI - says no one can manage purchase without both partners working.] [CARLONI - wants to live in own home; knows they won't be able to if they have children 1st.] [Monty THOMPSON - states what owning home means to him.]
REPORTER: Ray Brady

Reporter(s):
Brady, Ray;
Rather, Dan;
Schieffer, Bob
Duration:
00:04:30

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