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Economy / For. Investors / Real Estate #320489

CBS Evening News for Wednesday, Mar 30, 1988
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(Studio: Dan Rather) Report introduced.

(DC: Ray Brady) For. investors reported buying more United States property; details given, scenes shown. [Buyer Ryota TANABE - says in Tokyo, Japan, space is most expensive commodity.] For. property investments illustration and discussed. [For. investor Sir Gordon WHITE - explains foreign investors' attraction to US economy] Firestone noted now owned by Italians and Japanese. Ragu spaghetti sauce noted now having Dutch owner. Amount of Washington, DC real estate owned by British discussed. Debate with regard to increase amts. of foreign ownership of American property discussed. [Busman. Malcolm FORBES - urges situation be monitored more carefully.] [On March 28, 1988, President REAGAN - praises foreign investment.] Scenes shown of American empls. protesting new German owners lowering salaries. [Econ. Gregory TARPINIAN - comments on situation.] Japanese noted buying large amts. of property in Hawaii. [Honolulu, Hawaii, mayor Frank FASI - proposes legislature to prevent further land being purchased by non-US citizens.] Japanese television show noted advertising US real estate; excerpt shown.

Reporter(s):
Brady, Ray;
Rather, Dan
Duration:
00:03:10

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