NBC Evening News for Monday, Jul 21, 1975
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(Studio) Israeli Ambassador Simcha Dinitz says new peace proposals being considered by President Anwar Sadat. Plan incls. Israeli pull-back from Sinai passes. Could be incrd. American monitoring in area. Report on Egypt's economy
REPORTER: John Chancellor
(Cairo, Egypt) Inflation 30%. Av. income $250 year Meat a luxury. Basic foods in short supply. Egypt broke. Little industry 45% of population under 14 years old. 7 million in city adequate for 3 million. Sadat's plan for liberalization plan may attract credits and investments leading to industry and modernization. Private companies hold back until military situation clears up.
REPORTER: David Burrington
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