× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Segment 3 (What Is A Recession?) #496664

NBC Evening News for Thursday, Nov 16, 1978
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) Report is on recession, economy condition now being discussed by many along with potential for depression.
REPORTER: David Brinkley

(NYC) Econs.' definition of recession and what condition means in terms of human conditions noted. [MAN - asks person about recent job.] Private econs.' predictions of recession early in 1979 mentioned. [Private economy Otto ECKSTEIN - has never before forecast recession this far ahead. Gives reasons for doing so now.] Details given about economy conditions that occur prior to and during recession. Govt.'s present efforts to slow down cntry.'s economy growth and curtail inflation described. Results of efforts to stop flow of money outlined. Ripple effect of economy, situation stated; consequences to hog farmer in Wisconsin cited. [Farmer Floyd HOLLOWAY - discusses consumers' elimination of ham and bacon from meat budget in hard economy times.] [Treasury Secretary Michael BLUMENTHAL - gives Carter administration outlook for 1979.]
REPORTER: Mike Jensen

Brinkley, David;
Jensen, Mike

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.