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Economy / Cost of Living / Phase IV #26833

ABC Evening News for Monday, Jul 02, 1973
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(Studio) Cost of Living Council begins hearings to determine what's needed in Phase IV after end of 60-day price freeze.
REPORTER: Harry Reasoner

(DC) Witnesses agree price freeze not working, but hard put for answer. Suggestion that production costs be passed to consumer rather than leave middleman in squeeze. [Grocery manufacturer spokesperson Hal DEAN - believes food industry facing crisis. People's confidence shaken.] [American Meat Institute spokesperson Herrell DeGRAFF - if Americans want more meat, more cows must be raised, and incentive for cattlemen to raise cattle must be restored.] Most witnesses resigned to some sort continued price control after 60-day price freeze over.
REPORTER: Roger Peterson

Reporter(s):
Peterson, Roger;
Reasoner, Harry
Duration:
00:01:50

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