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Economy #499931

NBC Evening News for Friday, Jul 28, 1978
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(Studio) Cost of living increase in June noted.
REPORTER: David Brinkley

(DC) Details of consumer price increase given. [Brookings Institution economy Arthur OKUN - thinks there's no happy ending to story unless business and labor will de-escalate wage-price spiral.] Okun's economy position under Lyndon Johnson mentioned. [Econ. advisers chairperson Charles SCHULTZE - says getting inflation rate down will take time.]
REPORTER: Charles Quinn

(Studio) Effect of beef price increases on economy reported.
REPORTER: John Chancellor

(Fort Worth, Texas) Details given about beef price increases, reasons and outlook. Situation in Texas described. [Fort Worth stkyard. director Elmo KLINGENBERG - discusses possible effects of Texas drought on decline in beef prices.]
REPORTER: Bob Dotson (KXAS-TV newstape, Fort Worth)

(Studio) Contd. dollar devaluation against Japanese yen and west European money reported Record gold prices noted.
REPORTER: David Brinkley

Brinkley, David;
Chancellor, John;
Quinn, Charles

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