Search the Archive

Economy / Inflation / Greenspan / Lilley / General Motors #488616

NBC Evening News for Thursday, Jun 10, 1976
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.

(Studio) Chairperson Council of Econ. Advisers, Alan Greenspan, tells Joint Econ. Committee unemployment will be under 7% by end of the year; gross national product will show 7% rise and inflation will improve.
REPORTER: Floyd Kalber

(DC) [GREENSPAN - says recovery underway. Future fiscal policies must avoid undue risks.]
REPORTER: No reporter given

(Studio) Representatives of Council on Wage and Price Stability warn White House of possible inflation increase next year
REPORTER: Floyd Kalber

(DC) [Director Council on Wage and Price Stability William LILLEY - notes possible inflation increase] Council report shows auto parts prices have incrd. at 10% rate pushing up auto insurance costs by 55%. Med. costs up 14% in 1976. Higher steel prices expected to cause other industry price hikes. Auto industry affected by higher steel prices. Auto workers' wage demands could hike prices further. Higher foreign oil prices to add to new inflationary spiral. Ford and administration reject idea of talking corps. out of price increases [LILLEY - notes practice of backboning as opposed to jawboning.] Backboning involves releasing documents meant to give consumers strength to refuse to buy products whose prices were unjustifiably raised.
REPORTER: Irving R. Levine

(Studio) General Motors Corporation 1977 model cars and trucks to increase price by 6%.
REPORTER: Floyd Kalber

Reporter(s):
Kalber, Floyd;
Levine, Irving R.
Duration:
00:04:00

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.