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Economy / Inflation #279062

CBS Evening News for Tuesday, Aug 25, 1981
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(Studio) Inflation rate for July discussed.
REPORTER: Lesley Stahl

(NYC) Consumer price index and implications for inflation rate examined; details outlined on screen. [Commodity analyst Conrad LESLIE - notes impact on food prices.] Hsing., medical, clothing, entertainment and gasoline price activity noted; real spendable income discussed.
REPORTER: Bernard Goldberg

(Studio) Current inflation rate compared to rate for same period last year
REPORTER: Lesley Stahl

(Santa Barbara, California) Admin. reaction to July inflation figs. reported; Larry Speakes' defense of President Reagan's economy program quoted. OMB director David Stockman's proposals for reduced defense spending noted. [State Department spokesperson Henry CATTO - doesn't anticipate cuts in defense budget.] Continue discussion of OMB director's proposal considered.
REPORTER: Bill Plante

(Studio) Report introduced
REPORTER: Lesley Stahl

(NYC) Savings and loan insts.' pressure on American public examined; radio commercials, newspaper ads shown. [Lincoln Savings Bank spokesperson Covington HARDEE - notes competition.] Change in interest rates currently available at savings and loans by October explained. [Bank analyst Morris MARK - notes new int. rate.] [League of Savings Assns. spokesperson James KENDALL - denies misleading advertising.] Possible impact on banks mentioned. [WOMAN - comments.]

Brady, Ray;
Goldberg, Bernard;
Plante, Bill;
Stahl, Lesley

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