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Economy / Energy Cost / Winter Weather #722509

ABC Evening News for Tuesday, Feb 25, 2003
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(Studio: Peter Jennings) Natural gas, home heating oil & gasoline prices cited.

(Studio: Betsy Stark) The specter of recession due to the sharp run-up in energy prices examined; details given of the reasons for record energy costs & of the impact on consumer spending. [Economist Tony CRESCENZI†- says all wage gains will go towards energy costs.] [Consumer Kathy BLASS - reacts to sticker shock.] [Independent truck owner/operator Will HUGHES†- cites fuel costs.]

(Studio: Peter Jennings) Report introduced.

(Chicago: Dean Reynolds) The impact of snowy winter weather on the nation's economy featured; scenes shown of tough driving conditions. [LaSalle Bank chief economist Carl TANNENBAUM†- says cold weather disrupts the economy.] [Tulsa Mayor Bill LaFORTUNE†, Perry County engineer Kent CANNON†- cites sand & salt costs.] [Dallas store owner Henry GENTRY - comments.]

Jennings, Peter;
Stark, Betsy;
Reynolds, Dean

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